Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2011-03-08
2011-03-08
Felten, Daniel S (Department: 3693)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000, C705S040000, C705S039000, C705S03600T
Reexamination Certificate
active
07904370
ABSTRACT:
A system and method are provided to intelligently limit the frequency at which automated or semi-automated trading tools move or re-price orders in an exchange order book. A tolerance may be input that limits when one or more orders in the exchange order book are moved from one price to another. The system and method assist in reducing the number of orders that are entered into the system which can lead to reduced exchange transaction fees, lost queue position, and reduce network bandwidth consumption.
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USPT
Burns Michael J.
Carroll Steven J.
Singer Scott F.
Felten Daniel S
McDonnell Boehnen & Hulbert & Berghoff LLP
Trading Technologies International Inc.
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