System and method for prioritized automated trading in an electronic trading environment
AssigneeTrading Technologies International, Inc.
InventorBrian J. Buck
Life of this patent
Estimating the term…
Abstract
A system and method are provided for prioritized automated trading. One example method may include receiving a plurality of parameters, where each parameter has an order-related action associated with a trading strategy, and then detecting one or more events that trigger a plurality of order related actions. The method then includes determining priority levels in relation to a plurality of triggered order-related actions using at least one priority rule, and processing the plurality of triggered order-related action in an order associated with the determined priority levels.
Claims15
(canceled)
A method for automated trading, the method comprising:
- receiving, at a computing device in communication with an electronic exchange, a first trading strategy for a first tradeable object and a second trading strategy for a second tradeable object, where the first trading strategy includes submitting a first order-related message to the electronic exchange and the second trading strategy submitting a second order-related message to the electronic exchange, the first trading strategy having a first execution priority level and the second trading strategy having a second execution priority level;
- monitoring, at the computing device, execution of the first trading strategy and the second trading strategy to determine whether the first trading strategy and the second trading strategy are to be executed substantially simultaneously;
- and
- in response to determining that the first trading strategy and the second trading strategy are to be executed substantially simultaneously, executing, by the computing device, the first and second trading strategies in succession based on the first priority level and the second priority level.
Dependencies are inferred from the claim text.