Invention Grant
US07958039B2 Computer implemented and/or assisted methods and systems for providing rapid execution of, for example, listed options contracts using toxicity and/or profit analyzers
有权
计算机实施和/或辅助的方法和系统,用于提供例如使用毒性和/或利润分析器的列出的期权合约的快速执行
- Patent Title: Computer implemented and/or assisted methods and systems for providing rapid execution of, for example, listed options contracts using toxicity and/or profit analyzers
- Patent Title (中): 计算机实施和/或辅助的方法和系统,用于提供例如使用毒性和/或利润分析器的列出的期权合约的快速执行
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Application No.: US10993273Application Date: 2004-11-19
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Publication No.: US07958039B2Publication Date: 2011-06-07
- Inventor: Kenneth C. Griffin , Matthew Andresen
- Applicant: Kenneth C. Griffin , Matthew Andresen
- Applicant Address: US IL Chicago
- Assignee: Citadel Investment Group, L.L.C.
- Current Assignee: Citadel Investment Group, L.L.C.
- Current Assignee Address: US IL Chicago
- Agency: Wilmer Cutler Pickering Hale and Dorr, LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Methods and systems are provided which enable options broker-dealers to execute a listed options contract trade order while simultaneously eliminating (or at least reducing) exposure to the negative consequences associated with toxic (or likely toxic) trades in the options market. By using toxicity and/or profit analyzers, for example, to detect, track and respond to the level of toxic (or likely toxic) orders present in an option contract order flow, a broker dealer can reduce the level of risk inherent in serving as a counter-party in listed options transactions, and inherent in offering a rapid execution guarantee. Various alternative embodiments are also disclosed.
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