Intelligent execution for brokerage trade orders
AssigneeNextropia LLC
InventorAndrew Rosca
Life of this patent
Estimating the term…
Abstract
A method and apparatus for driving a trade via an electronic trading platform are provided. Traders may define trade order parameters including at least one monitored parameter and at least one rule for assigned thereto. The trade orders will only be executed when current market data satisfies the at least one monitored parameter and at least one rule. Said monitored parameters are selected from a current market price, a current bid and/or ask value, volume, a Volume Weighted Average Price (VWAP), or a combination thereof. The rules are based on a number and/or volume of executed market orders, placed by other traders, during a certain time period, a time period passed since it was determined that the at least one monitored parameter satisfies the market data, or a combination thereof.
Claims15
A method of driving a trade via an electronic trading platform, comprising:
- specifying trade order parameters including at least one monitored parameter and at least one rule for the at least one monitored parameter;
- receiving market data from at least one market data source;
- comparing the received market data with the trade order parameters;
- and
- if the received market data satisfy the trade order parameters, placing the order to the electronic trading platform for execution.
An apparatus for driving a trade via an electronic trading platform, comprising:
- at least one processor configured to:
- specify trade order parameters including at least one monitored parameter and at least one rule for the at least one monitored parameter;
- receive market data from at least one market data source;
- compare the received market data with the trade order parameters;
- and
- if the received market data satisfy the trade order parameters, place the order to the electronic trading platform for execution;
- and
- a memory coupled to the at least one processor.
Dependencies are inferred from the claim text.