System and method for quick quote configuration

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

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Reexamination Certificate

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07844541

ABSTRACT:
A method and system are described for providing a trader with the ability to quickly configure the quoting side of a trading tool, without experiencing the normal delays associated with conventional methods of quoting. In spread trading, an automated spread trading tool may automatically work an order to buy or sell a tradable object. A user may configure the trading tool to work an order in a certain tradable object first. The system allows the user to essentially on-the-fly configure the trading tool to work a second order in another tradable object, and in response to the change, the system can take specific actions such as deleting the order in the first tradable object and automatically entering the second order in the other tradable object. This allows the trader to trade quickly and efficiently.

REFERENCES:
patent: 6772132 (2004-08-01), Kemp
patent: 7243083 (2007-07-01), Burns et al.
patent: 7389264 (2008-06-01), Kemp et al.
patent: 7437325 (2008-10-01), Kemp et al.
patent: 2003/0200167 (2003-10-01), Kemp et al.
Peter Chapman, A Program Trading Weapons Race: Brokers and Vendors Launch More User Products and Services, Traders Magazine, New York: Apr. 1, 2004. p. 1.
Chapman, Peter, A Program Weapons Race: Brokers and Vendors Launch more Products and Services. Traders Magazine. Apr. 1, 2004.

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