Invention Grant
- Patent Title: System and method for managing trading orders with decaying reserves
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Application No.: US12685999Application Date: 2010-01-12
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Publication No.: US07974914B2Publication Date: 2011-07-05
- Inventor: Joseph C. Noviello
- Applicant: Joseph C. Noviello
- Applicant Address: US NY New York
- Assignee: BGC Partners, Inc.
- Current Assignee: BGC Partners, Inc.
- Current Assignee Address: US NY New York
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A system comprises a memory operable to store a trading order for a particular quantity of a trading product, wherein a first portion of the particular quantity is a displayed quantity and a second portion of the particular quantity is a reserved quantity. The system further comprises a processor communicatively coupled to the memory and operable to disclose the displayed quantity to one or more market centers. The processor is further operable to identify a decay rate associated with the trading order. The processor is further operable to cause the reserved quantity to decay based at least in part on the identified decay rate.
Public/Granted literature
- US20100174619A1 SYSTEM AND METHOD FOR MANAGING TRADING ORDERS WITH DECAYING RESERVES Public/Granted day:2010-07-08
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