System and method for trading above or below the market
OwnerSam Balaboninventor
Life of this patent
Estimating the term…
Abstract
A method and system for trading above or below the market. According to one embodiment, a trading system receives from a first party an order to trade a financial instrument at a predetermined distance and predetermined direction away from a market value of the financial instrument, determines an updated market value of the financial instrument upon acceptance of the order by a second party at a particular price, and completes the order only if the accepted price is at least the predetermined distance and the predetermined direction away from the updated market value.
Claims35
A computer-implemented method for trading above or below the market, comprising:
- receiving from a first party an order to trade a financial instrument at a predetermined distance and predetermined direction away from a market value of the financial instrument;
- upon acceptance of the order by a second party at a particular price, determining an updated market value of the financial instrument;
- and
- completing the order only if the accepted price is at least the predetermined distance and the predetermined direction away from the updated market value.
An apparatus for trading above or below the market, comprising:
- a processor;
- and
- a memory storing instructions adapted to be executed by said processor to:
- receive from a first party an order to trade a financial instrument at a predetermined distance and predetermined direction away from a market value of the financial instrument,
- upon acceptance of the order by a second party at a particular price, determine an updated market value of the financial instrument, and
- complete the order only if the accepted price is at least the predetermined distance and the predetermined direction away from the updated market value.
A system for trading above or below the market, comprising:
- means for receiving from a first party an order to trade a financial instrument at a predetermined distance and predetermined direction away from a market value of the financial instrument;
- means for determining an updated market value of the financial instrument upon acceptance of the order by a second party at a particular price;
- and
- means for completing the order only if the accepted price is at least the predetermined distance and the predetermined direction away from the updated market value.
Dependencies are inferred from the claim text.