SYSTEM AND METHOD FOR AVOIDING TRANSACTION COSTS ASSOCIATED WITH TRADING ORDERS
摘要
A system for avoiding transaction costs associated with trading orders comprises a memory and a processor. The memory stores an order identifier associated with a trading order, and a time threshold associated with the trading order. The processor monitors the length of time the trading order is active with a market center that is processing the trading order. The processor further determines a timeout when the length of time the trading order is active with the market center equals or exceeds the time threshold. The processor then communicates a cancel instruction for the trading order in response to determining the timeout.
申请公布号
WO2005072453(A2)
申请公布日期
2005.08.11
申请号
WO2005US03168
申请日期
2005.01.31
申请人
ESPEED, INC.;DALEY, THOMAS, J.;GARAPATI, PAVAN, K.;REEVES, PHIL, G.;STUTZMANN, MARK, E.
发明人
DALEY, THOMAS, J.;GARAPATI, PAVAN, K.;REEVES, PHIL, G.;STUTZMANN, MARK, E.