Invention Grant
- Patent Title: System and method for automated order entry on short queues
- Patent Title (中): 短队列自动订单输入的系统和方法
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Application No.: US12338824Application Date: 2008-12-18
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Publication No.: US08170950B1Publication Date: 2012-05-01
- Inventor: Steven F. Borsand , Michael J. Burns , Scott F. Singer
- Applicant: Steven F. Borsand , Michael J. Burns , Scott F. Singer
- Applicant Address: US IL Chicago
- Assignee: Trading Technologies International, Inc.
- Current Assignee: Trading Technologies International, Inc.
- Current Assignee Address: US IL Chicago
- Agency: McDonnell Boehnen Hulbert & Berghoff LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user-defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein.
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