Electronic Trading Exchange with User-Definable Order Execution Delay

摘要

Exemplary embodiments are related to processing electronic trading orders in an electronic trading exchange environment. Electronic trading orders can be accepted from market participant electronic devices. The electronic trading orders have execution speeds associated therewith that can be used by exemplary embodiments to determine when the electronic trading orders are executed by a matching engine.

主权项

1. A method of processing electronic trading instructions in an electronic trading exchange environment comprising:
programmatically accepting an electronic trading instruction from a market participant electronic device in the electronic trading exchange environment; executing code to determine whether the electronic trading instruction has an execution time delay associated therewith in response to acceptance of the electronic trading instruction; associating a pricing with the electronic trading instruction based on the execution time delay; and executing conditional code to determine whether to submit the electronic trading instruction to the matching engine or to insert the electronic trading instruction into a priority queue before submitting the electronic trading instruction to a matching engine, wherein the electronic trading instruction is submitted to the matching engine if the execution time delay associated therewith is zero and inserted into the priority queue if the execution time delay associated therewith is greater than zero.