发明名称 SYSTEM AND METHOD FOR AUTOMATICALLY DISTRIBUTING A TRADING ORDER OVER A RANGE OF PRICES
摘要 According to one embodiment, a method of managing trading is provided. A trading order intended for a trading exchange is received from a trader, the trading order having an associated trading order price. A group of distributed trading orders is automatically generated based at least on the trading order price and a set of pre-configured distribution parameters associated with the trading order. The group of distributed trading orders is distributed over a multiple price levels. The generated group of distributed trading orders is automatically submitted to the trading exchange.
申请公布号 US2014180895(A1) 申请公布日期 2014.06.26
申请号 US201314059000 申请日期 2013.10.21
申请人 BGC Partners, Inc. 发明人 Sweeting Michael;Kerai Dinesh;Renton Nigel John;Seeto Anthony Paul
分类号 G06Q40/04 主分类号 G06Q40/04
代理机构 代理人
主权项 1. A method of managing electronic trading, comprising: receiving, by at least one processor, from a particular trader a trading order for a particular instrument intended for a trading exchange, the trading order having an associated price; identifying, by the at least one processor, from a plurality of sets of pre-configured distribution parameters a particular set of distribution parameters for processing the trading order; automatically generating, by the at least one processor, a group of distributed trading orders for the instrument distributed over multiple price levels based at least on the trading order price and the identified set of distribution parameters associated with the trading order, each order of the group of distributed trading orders having a respective price that is different from the price of every other order in the group of distributed trading orders, in which each of the group of distributed trading orders comprises a same side as the trading order such that the group of distributed trading orders comprise buy orders if the trading order comprises a buy order and the group of distributed trading orders comprise sell orders if the trading order comprises a sell order; and automatically submitting, by the at least one processor, the generated group of distributed trading orders to the trading exchange for the particular instrument instead of the trading order.
地址 New York NY US