Dynamic Tick Size Order Aggregator

摘要

Systems and methods are provided for dynamically adjusting a bid ask spread while maintaining a fixed trading increment. Various criteria may be analyzed to determine if a bid ask spread meets the desired criteria. When the criteria is not met, the bid ask spread may be adjusted by aggregating orders. Aggregation may include raising a price of the lowest ask prices and/or lowering a price of the highest bid orders.

主权项

1. A method comprising:
(a) determining a minimum bid ask spread for a financial instrument having a fixed trading increment; and (b) by a processor dynamically adjusting the minimum bid ask spread to meet a predetermined criteria while not adjusting a trading increment.