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 tradeable 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.
Claims23
A non-transitory computer readable medium having instructions stored therein for causing a processor to carry out acts comprising:
- determining a price of an order for a first tradeable object, the price determined according to a spread price and an inside market for a second tradeable object;
- and
- initiating submission of the order to an electronic exchange according to a comparison of the price to a price range.
An automated trading tool for submitting orders to an electronic exchange, the automated trading tool comprising:
- a spread configured to determine a price of an order for a first tradeable object of a spread, the price determined according to a spread price and an inside market for a second tradeable object of the spread;
- and
- an order transmitter configured to initiate submission of the order to the electronic exchange according to a comparison of the price to a price range.
Dependencies are inferred from the claim text.