Trading circles
AssigneeTrading Technologies International, Inc.
InventorsRichard Lane, Thomas Jeffrey Weiss, Thurston Woo, Jason Shaffer, Brian J. Buck, Michael Unetich, Sagy Pundak Mintz
Life of this patent
Estimating the term…
Abstract
The disclosed embodiments provide trading circles. An example method includes defining a group having a plurality of members, wherein one or more of the plurality of members interacts with an exchange that facilitates market transactions; detecting a first interaction of a first group member with the exchange; and communicating, in response to detecting the first interaction, data related to the first interaction to a second group member before the first group member receives confirmation of the first interaction from the exchange.
Claims13
A method including:
- receiving by a computing device a definition for a trading group, wherein the trading group includes a first application and a second application, wherein the first application and the second application are trading applications executing on the computing device, wherein the first application is working a first trading strategy including a first tradeable object and a second tradeable object, wherein the second application is working a second trading strategy including the second tradeable object and a third tradeable object, wherein the first trading strategy is quoting the first tradeable object and leaning on the second tradeable object, wherein the second trading strategy is quoting the third tradeable object and leaning on the second tradeable object;
- detecting by the computing device that a hedge order has been sent from the first application for the second tradeable object of the first trading strategy to an electronic exchange;
- communicating by the computing device, in response to detecting that the hedge order has been sent, before a market effect of the hedge order is received from the electronic exchange, data related to the hedge order to the second trading application;
- determining by the computing device, before the market effect of the hedge order is received from the electronic exchange, a new lean price for the second trading strategy based on a result that the hedge order will have in the quantity leaned on by the second trading strategy;
- and
- sending by the computing device, before the market effect of the hedge order is received from the electronic exchange, a command to change a quoting order for the third tradeable object of the second trading strategy based on the new lean price.
Dependencies are inferred from the claim text.