System and method for managing risk in a trading environment
AssigneeBionic Trader Systems, LLC
InventorAdam Sheldon
Life of this patent
Estimating the term…
Abstract
An order entry system for tradable instruments includes: a buying power limit constrained order entry mechanism adapted to automatically adjust a condition related to one or more currently open orders or currently held positions in response to a change in the buying power limits. A method of adapting risk in a buying power limit constrained order entry system for tradable instruments includes the steps of: changing the value of the buying power limits; and automatically adjusting a condition related to one or more currently open orders or currently held positions in response to the changed value of the buying power limits.
Claims23
An order entry system for tradable instruments comprising:
- a buying power limit constrained order entry mechanism including a user interface through which a user may place orders using an input mechanism, wherein the orders placed by the user may be constrained by a buying power limit, wherein the order entry mechanism is adapted to automatically adjust a condition related to one or more currently open orders or currently held positions in response to a change in the buying power limit from a first non-zero value of the buying power limit to a second non-zero value of the buying power limit, wherein the change in the buying power limit is based on one or more factors including at least one factor other than a value of the buying power limit and an amount of the buying power limit being used.
10-18. (canceled)
A non-transitory computer readable medium including computer-executable instructions for adapting risk in a buying power limit constrained order entry system for tradable instruments, the computer-executable instructions causing the system to perform the steps of:
- providing a value of the buying power limit that may constrain orders that are placed through the order entry system;
- changing the value of the buying power limit from a first non-zero value to a second non-zero value based on one or more factors including at least one factor other than a value of the buying power limit and an amount of the buying power limit being used;
- and
- automatically adjusting a condition related to one or more currently open orders or currently held positions in response to the changed value of the buying power limit.
Dependencies are inferred from the claim text.