Dynamic instrument limit book creation
OwnerGlenn Rosenberg, David K. Smithinventors
Life of this patent
Estimating the term…
Abstract
The example embodiments may relate to receiving a new market request that requests creation of a market for trading of a new financial instrument, wherein the request identifies an instrument type, quantity, and price, in response to the request, creating a financial instrument based on the instrument type, the quantity, and the price, creating a pricing model, a limit book, and a fill model for the created financial instrument, initializing and binding the created financial instrument, the limit book, the pricing model, and the fill model, and activating the limit book for price discovery and trading of the created financial instrument.
Claims20
A computer-implemented method comprising:
- receiving a new market request that requests creation of a market for trading of a new financial instrument, wherein the request identifies an instrument type, quantity, and price;
- in response to the request, creating, by a processor, a financial instrument based on the instrument type, the quantity, and the price;
- creating, by the processor, a pricing model, a limit book, and a fill model for the created financial instrument;
- initializing and binding the created financial instrument, the limit book, the pricing model, and the fill model;
- and
- activating, by the processor, the limit book for price discovery and trading of the created financial instrument.
An apparatus comprising:
- means for receiving a new market request that requests creation of a market for trading of a new financial instrument, wherein the request identifies an instrument type, quantity, and price;
- means for creating, in response to the request, a financial instrument based on the instrument type, the quantity, and the price;
- means for creating a pricing model, a limit book, and a fill model for the created financial instrument;
- means for initializing and binding the created financial instrument, the limit book, the pricing model, and the fill model;
- and
- means for activating the limit book for price discovery and trading of the created financial instrument.
A non-transitory computer readable medium storing instructions that, when executed, cause an apparatus at least to perform:
- receiving a new market request that requests creation of a market for trading of a new financial instrument, wherein the request identifies an instrument type, quantity, and price;
- in response to the request, creating a financial instrument based on the instrument type, the quantity, and the price;
- creating a pricing model, a limit book, and a fill model for the created financial instrument;
- initializing and binding the created financial instrument, the limit book, the pricing model, and the fill model;
- and
- activating the limit book for price discovery and trading of the created financial instrument.
Dependencies are inferred from the claim text.