Invention Grant
- Patent Title: Trading orders with decaying reserves
- Patent Title (中): 具有腐蚀储量的交易订单
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Application No.: US13100137Application Date: 2011-05-03
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Publication No.: US08346642B2Publication Date: 2013-01-01
- 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 ; G06Q10/00

Abstract:
In various embodiments, an apparatus includes a processor and a memory. The memory is communicatively coupled to the processor. The memory stores software instructions that, when executed by the processor, cause the processor to receive a trading order for a particular quantity of a trading product. The trading order specifies that a first portion of the particular quantity is a displayed quantity and that a second portion of the particular quantity is a reserved quantity. The trading order specifies at least one of a decay rule, a decay interval, a decay rate, decay quantity, and one or more conditions. The software instructions, when executed by the processor, cause the processor to cause the reserved quantity to decay based at least in part on at least one of the decay rule, the decay interval, the decay rate, and the decay quantity, and one or more conditions.
Public/Granted literature
- US20120036058A1 TRADING ORDERS WITH DECAYING RESERVES Public/Granted day:2012-02-09
Information query