SYSTEM FOR APPORTIONING TRADING ORDERS BASED ON SIZE OF DISPLAYED QUANTITIES
摘要
An apparatus for processing trading orders comprises a memory and a processor. The memory stores a first order and a second order. The first order is associated with a product and comprises a displayed quantity and a reserved quantity. The second order is associated with the product and comprises a displayed quantity and a reserved quantity. The processor is coupled to the memory and receives a counterorder associated with the product. The processor fills the displayed quantity of the first order with a corresponding portion of the counterorder, and fills the displayed quantity of the second order with a corresponding portion of the counterorder. The processor allocates a first additional portion of the counterorder to the first order. The first additional portion is based at least in part on a ratio of the displayed quantity of the first order to a sum of the displayed quantity of the first order and the displayed quantity of the second order.
申请公布号
WO2007019402(A2)
申请公布日期
2007.02.15
申请号
WO2006US30636
申请日期
2006.08.04
申请人
ESPEED, INC.;CLAUS, MATTHEW, W.;FOLEY, KEVIN, M.;NOVIELLO, JOSEPH, C.;LUTNICK, HOWARD, W.
发明人
CLAUS, MATTHEW, W.;FOLEY, KEVIN, M.;NOVIELLO, JOSEPH, C.;LUTNICK, HOWARD, W.