Trading interface for stop protection on open trades
AssigneeTD Ameritrade IP Company, Inc.
InventorsJohn D. PETERSEN, Bryan E. SAMPIERI, Victor A. JONES
Life of this patent
Estimating the term…
Abstract
Methods, systems, and apparatuses, including computer programs encoded on computer-readable media, for receiving a create order request from a client. Building a fill order request based on the create order request and comprising a security identifier and a quantity. Extracting a conditional order price from the create order request. Building a conditional order request based on the fill order request and the conditional order price. Sending an open order request to the trading platform, the open order request comprising the fill order request and the conditional order request, wherein the trading platform creates a fill order and a conditional order based on the open order request.
Claims20
A method comprising:
- receiving, using a processor, a create order request from a client;
- building a fill order request that is based on the create order request and comprising a security identifier and a quantity;
- extracting a conditional order price from the create order request;
- building a conditional order request based on the fill order request and the conditional order price;
- sending an open order request to the trading platform, the open order request comprising the fill order request and the conditional order request, wherein the trading platform creates a fill order and a conditional order based on the open order request.
A system comprising:
- one or more processors configured to:
- receive a create order request from the client;
- build a fill order request that is based on the create order request and comprising a security identifier and a quantity;
- extract a conditional order price from the create order request;
- build a conditional order request based on the fill order request and the conditional order price;
- send an open order request to the trading platform, the open order comprising the fill order request and the conditional order request, wherein the trading platform creates a fill order and a conditional order based on the open order request.
A non-transitory computer-readable medium having instructions stored thereon, wherein the instructions comprise:
- instructions to receive a create order request from a client;
- instructions to build a fill order request that is based on the create order request and comprising a security identifier and a quantity of shares;
- instructions to extract a conditional order price from the create order request;
- instructions to build a conditional order request based on the fill order request and the conditional order price;
- instructions to send an open order request to the trading platform, the open order request comprising the fill order request and the conditional order request, wherein the trading platform creates a fill order and a conditional order based on the open order request.
Dependencies are inferred from the claim text.