发明名称 |
System and method for use of fractional pay-up ticks in relation to trading strategies in an electronic trading environment |
摘要 |
A system and associated methods are provided for use of fractional pay-up ticks in relation to offset orders being sent for a trading strategy that involves trading a first tradeable object and at least a second tradeable object. According to one example method, when an indication is received that a quantity at a first price for the first tradeable object is filled, a plurality of offset orders for the second tradeable object is sent to an electronic order book of the second tradeable object. The plurality of offset orders is placed at a plurality of price levels determined based on at least one fractional pay-up tick value, the first price, and the desired spread price. A quantity for each order is determined based on a quantity divider rule that is applied to an offset quantity to offset the fill.
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申请公布号 |
US7774262(B1) |
申请公布日期 |
2010.08.10 |
申请号 |
US20060415851 |
申请日期 |
2006.05.02 |
申请人 |
TRADING TECHNOLOGIES INTERNATIONAL, INC. |
发明人 |
MINTZ SAGY P.;HERZ ERIC M.;DEITZ ALEXANDER D. |
分类号 |
G06Q40/00 |
主分类号 |
G06Q40/00 |
代理机构 |
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代理人 |
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主权项 |
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地址 |
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