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US 11,232,519 B2Granted
Method, apparatus and interface for transaction toggling
AssigneeTrading Technologies International, Inc.
InventorsMichael J. Burns, Joan Ebersole
Life of this patent
Estimating the term…
Abstract
A method for submitting transactions from an automated trading tool to an electronic exchange. The method includes defining a proximity limit and automatically generating a transaction for a tradable object. The method further includes applying the proximity limit to the transaction. When the transaction falls within the defined proximity limit, the transaction is submitted to the exchange. An apparatus and interface for transaction toggling based on proximity limits are also provided.
Claims17
A method including:
- receiving by a computing device, from an electronic exchange, market data for a plurality of tradeable objects;
- generating by the computing device a trading interface for a spread between the plurality of tradeable objects, wherein the trading interface includes a price column derived from the received market data for the plurality of objects, wherein the trading interface provides output to a user and receives input from the user while the user interacts with the output;
- receiving by the computing device, from the user via the trading interface, a proximity limit for sending an order to the electronic exchange;
- receiving by the computing device, from the user via the trading interface, a request to trade a spread between the plurality of tradeable objects, the request being received via the price column of the trading interface for a spread price;
- determining by the computing device a price for an order for a first tradeable object of the spread based on the spread price and an inside market of a second tradeable object for the spread;
- generating by the computing device the order for submission to the electronic exchange to trade the first tradeable object;
- determining by the computing device a price range according to the proximity limit for sending an order to the electronic exchange;
- comparing by the computing device the price with the price range;
- and
- automatically submitting by the computing device the order for the first tradeable object for the spread in response to the comparison of the price to the price range.
7 more elements
Dependencies are inferred from the claim text.