System and method for timed order entry and modification

Details System and method for timed order entry and modification System and method for timed order entry and modification

2008-12-17

2010-12-21

Apple, Kirsten S (Department: 3694)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000

Reexamination Certificate

active

07856393

ABSTRACT:
A system and method for defining and processing timed orders are defined. According to one embodiment, a trader may define a timed order by defining an intra-day time trigger or a time period when the timed order should be automatically modified, such as deleted or cancelled/replaced with a new order. In one embodiment, the intra-day time trigger or time period may be dynamically changed to a later time, for example, upon receiving a predetermined user input. Also, the time trigger and time period may be configured to dynamically vary based on any user configurable formula. Also, the timed order may be associated with one or more actions to be taken once the order is deleted, such as sending a new order, for example.

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Gold, LauraMaery and Dan Post, “Invest Online, Do it yourself and keep more of what you earn”, featuring e-trade, 1997 by Macmillan Publishing.

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