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
- Patent Title: System and method for apportioning trading orders based on size of displayed quantities
- Patent Title (中): 根据显示数量的大小分配交易订单的系统和方法
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Application No.: US11499496Application Date: 2006-08-03
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Publication No.: US08484122B2Publication Date: 2013-07-09
- Inventor: Matthew W. Claus , Kevin M. Foley , Joseph C. Noviello , Howard W. Lutnick
- Applicant: Matthew W. Claus , Kevin M. Foley , Joseph C. Noviello , Howard W. Lutnick
- Applicant Address: US NY New York
- Assignee: BGC Partners, Inc.
- Current Assignee: BGC Partners, Inc.
- Current Assignee Address: US NY New York
- Agent Thomas D. Bradshaw
- Main IPC: G06Q40/00
- IPC: G06Q40/00

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.
Public/Granted literature
- US20070130048A1 System and method for apportioning trading orders based on size of displayed quantities Public/Granted day:2007-06-07
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