System and Method for Estimating Order Position
AssigneeTrading Technologies International, Inc.
InventorsRobert A. West, Ryan N. Andrews, Jens-Uwe Schluetter, David W. Garrison, Michael J. Burns
Life of this patent
Estimating the term…
Abstract
A system and method for providing order queue position information are disclosed. In this application, market updates are received for a tradeable object from at least one exchange. To the extent that the market updates do not include enough details to compute the queue position of a trader's working orders, estimation may be used. As a result, an order queue is generated to approximate a trader's order position in an exchange price order queue. An interface may be used to display the generated order queue estimation to the trader which provides valuable trading information.
Claims20
(canceled)
A computer readable medium having stored therein instructions executable by a processor, wherein the instructions are executable to:
- receive a market update for an order quantity pending in an order queue of an electronic exchange;
- analyze the market update to estimate a position for an order pending execution in the order queue of the electronic exchange;
- and
- display an indicator representing the estimated position for the order pending execution in the order queue.
Dependencies are inferred from the claim text.