Invention Grant
- Patent Title: Controlling implied markets during a stop loss trigger
- Patent Title (中): 在止损触发期间控制隐含市场
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Application No.: US11900756Application Date: 2007-09-13
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Publication No.: US08112347B2Publication Date: 2012-02-07
- Inventor: James Farrell , James Krause
- Applicant: James Farrell , James Krause
- Applicant Address: US IL Chicago
- Assignee: Chicago Mercantile Exchange Inc.
- Current Assignee: Chicago Mercantile Exchange Inc.
- Current Assignee Address: US IL Chicago
- Agency: Lempia Summerfield Katz LLC
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A system mitigates the effects of a market spike caused by the triggering and the election of a conditional order in an automated matching system. Conditional orders submitted to a trading engine are evaluated to compare a price of an order to a predetermined price range. Matching of the orders may be delayed when the price of the orders lies outside of the predetermined price range. An opening price to be used by the trading engine is derived and a time interval is used to delay a matching of the orders until the opening price is within a predetermined price range up to a maximum delay time set by a control center. Implied spreads are also removed until other instruments within a trading unit are verified open.
Public/Granted literature
- US20080010187A1 Controlling implied markets during a stop loss trigger Public/Granted day:2008-01-10
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