Invention Grant
- Patent Title: System and method for providing a linear spread
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Application No.: US13589302Application Date: 2012-08-20
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Publication No.: US08510213B2Publication Date: 2013-08-13
- Inventor: Sagy P. Mintz , Michael J. Burns
- Applicant: Sagy P. Mintz , Michael J. Burns
- 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:
A system and method for providing a linear spread in an electronic trading environment are described. According to one example embodiment, a trading system can receive market information associated to a trading strategy, known as a spread. The trader may also define a market volatility parameter to utilize in the calculation of a linear spread price axis. The received market information and a divide spread algorithm are also used to determine the linear spread price axis. The trading application determines a linear spread price axis, at which price levels are separated by consistent linear tick increments. The linear spread price axis allows for more efficient and effective trading in the electronic trading environment especially when certain tradeable objects are traded or when certain spread algorithms, like the divide spread algorithm, are utilized.
Public/Granted literature
- US20120310818A1 System and Method for Providing a Linear Spread Public/Granted day:2012-12-06
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