System and Method for Estimating Order Position
AssigneeTrading Technologies International, Inc.
InventorsRobert A. West, Ryan A. Andrews, Jens-Uwe Schluetter, David W. Garrison, Michael J. Burns
Life of this patent
Estimating the term…
Abstract
A system and method for providing order queue position information are disclosed. In this application, market updates are received for a tradeable object from at least one exchange. To the extent that the market updates do not include enough details to compute the queue position of a trader's working orders, estimation may be used. As a result, an order queue is generated to approximate a trader's order position in an exchange price order queue. An interface may be used to display the generated order queue estimation to the trader which provides valuable trading information.
Claims20
A method for estimating position of an order pending execution in an order queue of an electronic exchange, the method comprising:
- receiving via a computing device streaming market updates identifying an order quantity pending in the order queue;
- determining a position for an order pending execution in the order queue of the electronic exchange according to the streaming market updates via the computing device;
- dynamically displaying an indicator representing the position, the indicator being displayed via a graphical user interface associated with the computing device.
A computer readable medium having instructions stored thereon, which when executed by a processor cause the processor to carry out act comprising:
- receiving streaming market updates identifying an order quantity pending in an order queue an electronic exchange;
- determining a position for an order pending execution in the order queue of the electronic exchange according to the streaming market updates;
- dynamically displaying an indicator representing the position, the indicator being displayed via a graphical user interface.
An electronic trading system comprising:
- a market data receiver configured to receive streaming market updates identifying an order quantity pending in the order queue;
- a processor coupled with the market data receiver and configured to determine a position for an order pending execution in the order queue of an electronic exchange according to the streaming market updates via the computing device;
- a graphical user interface coupled with the processor and configured to dynamically display an indicator representing the position.
Dependencies are inferred from the claim text.