Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2011-08-30
2011-08-30
Kalinowski, Alexander (Department: 3691)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
Reexamination Certificate
active
08010437
ABSTRACT:
Market depth information pertaining to the hedging side is utilized to intelligently break a non-hedging order into multiple orders, such that the orders rest at cascading price levels. This way, the trader can benefit from sweeps in the book and still properly accound for the market depth on the hedging side. Further, there is a greater probability of receiving “partials” on the spread order. In addition, hedge orders may be sent at multiple price levels, or sent to the market in pieces over time. By applying a more intelligent process to hedge orders (as opposed to “fire and forget”) an alternative beyond limit orders that can be leged or market orders is provided.
REFERENCES:
patent: 5963923 (1999-10-01), Garber
patent: 6983260 (2006-01-01), Hummelgren
patent: 7039610 (2006-05-01), Morano et al.
patent: 7155410 (2006-12-01), Woodmansey et al.
patent: 7177833 (2007-02-01), Marynowski et al.
patent: 7225153 (2007-05-01), Lange
patent: 7243083 (2007-07-01), Burns et al.
patent: 7246092 (2007-07-01), Peterson et al.
patent: 7251629 (2007-07-01), Marynowski et al.
patent: 7299208 (2007-11-01), Bailon et al.
patent: 7418416 (2008-08-01), Guidi et al.
patent: 7437325 (2008-10-01), Kemp, II et al.
patent: 7574391 (2009-08-01), Monroe et al.
patent: 7742972 (2010-06-01), Lange et al.
patent: 2002/0023056 (2002-02-01), Udo et al.
patent: 2002/0194105 (2002-12-01), Klein
patent: 2003/0004852 (2003-01-01), Burns
patent: 2003/0200167 (2003-10-01), Kemp, II et al.
patent: 2004/0093300 (2004-05-01), Burns
patent: 2004/0199453 (2004-10-01), Brady et al.
patent: 2004/0236636 (2004-11-01), Lutnick et al.
patent: 2005/0075963 (2005-04-01), Balabon
patent: 2005/0125327 (2005-06-01), Fishbain
patent: 2005/0154668 (2005-07-01), Burns et al.
patent: 2005/0222936 (2005-10-01), Panariti et al.
patent: 2006/0200405 (2006-09-01), Burns et al.
patent: 2006/0235787 (2006-10-01), Burns et al.
patent: 2007/0100736 (2007-05-01), Singer et al.
patent: 200219781 (2002-07-01), None
patent: WO2005010790 (2005-03-01), None
Alejandro Balbas and Silvia Mayoral; Vector Optimization Approach for Pricing and Hedging in Imperfect Markets; Infor; vol. 42, No. 3, p. 217; Aug. 2004.
Angus McCrone; Day-to-Day Traders Turn Up the Volume In Financial Spreads; Evening Standard, London (UK); Apr. 24, 2002; p. 39; B Edition.
Neil Thapar; Spread Betting is Booming as More Investors Gain confidence to Explore New Ways of Dabbling in Financial Markets in Pursuit of a Fast Buck; Sunday Business, London (UK); Jun. 6, 2004, p. 1.
Nematnejad, Aaron; The TED spread trade; illustration of the analytics using Bloomberg, Jan. 2003; YieldCurve.com.
Exchanges and Regulators; NYMEX demos access, says system will debut in nine months' time; Oct. 21, 1991; Trading Systems Technology; v 5, n 8.
Futures (Cedar Falls, Iowa); Mar. 2001; OptionVue 5; v. 1.40.
U.S. Appl. No. 11/415,887, filed May 2, 2006.
U.S. Appl. No. 12/479,231, filed Jun. 5, 2009.
Thapar, Neil, Spread Betting is Booming, Jun. 6 2004, Sunday Business, London, p. 1.
Allen, Steve and Padovani, Otello, Risk Management using Quasi-static Hedging, 2002, Economic Notes, vol. 31, pp. 277-336.
Ahn, Hee-Joon et al. The Components of a Bid-Ask Spread in a Limit-Order Market, 2002, Journal of Empirical Finance, vol. 9, pp. 399-430.
Burns Michael J.
Monroe Fred
Singer Scott F.
Kalinowski Alexander
Kanervo Virpi H
McDonnell Boehnen & Hulbert & Berghoff LLP
Trading Technologies International Inc.
LandOfFree
System and method for improved order entry using market depth does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with System and method for improved order entry using market depth, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for improved order entry using market depth will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-2697288