Invention Grant
US08484122B2 System and method for apportioning trading orders based on size of displayed quantities 有权
根据显示数量的大小分配交易订单的系统和方法

System and method for apportioning trading orders based on size of displayed quantities
Abstract:
An apparatus comprises a memory and a processor coupled to the memory. The memory stores first and second orders. The first order is associated with a product and comprises a displayed quantity and a reserved quantity. The second order is associated with the product and comprises a displayed quantity and a reserved quantity. The processor receives a counterorder associated with the product. The processor fills the displayed quantity of the first order with a corresponding portion of the counterorder, and fills the displayed quantity of the second order with a corresponding portion of the counterorder. The processor allocates a first additional portion of the counterorder to the first order. The first additional portion is based at least in part on a ratio of the displayed quantity of the first order to a sum of the displayed quantity of the first order and the displayed quantity of the second order.
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