摘要 |
According to one embodiment, a system for managing trading is provided. The system includes a computer having a processor, and a computer-readable medium coupled to the computer. The computer-readable medium includes a program. When executed by the processor, the program is operable to receive electronic data including trading orders from a plurality of traders in a market, each trading order having an associated price; place each of the received trading orders on an electronic trading exchange such that the trading orders may be executed; determine whether the price of a particular trading order differs from a comparison price by more than a threshold value; and if it was determined that the price of the particular trading order differs from the comparison price by more than the threshold value, take a restrictive action regarding one or more trading orders. |
申请人 |
ESPEED, INC.;NOVIELLO, JOSEPH, C.;SWEETING, MICHAEL;LUTNICK, HOWARD, W. |
发明人 |
NOVIELLO, JOSEPH, C.;SWEETING, MICHAEL;LUTNICK, HOWARD, W. |