System and method for improved order entry using market depth

Details System and method for improved order entry using market depth System and method for improved order entry using market depth

2004-09-30

2009-08-11

Kalinowski, Alexander (Department: 3691)

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

Automated electrical financial or business practice or...

Finance

Reexamination Certificate

active

07574391

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 account 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 legged 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: 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: 2003/0200167 (2003-10-01), Kemp et al.
patent: 2004/0093300 (2004-05-01), Burns
patent: 2004/0199453 (2004-10-01), Brady 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: 2007/0100736 (2007-05-01), Singer et al.
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.

Affiliated with

Also associated with

Rating

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.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-4071193