发明授权
- 专利标题: Automated price setting for paired orders
- 专利标题(中): 成对订单的自动价格设定
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申请号: US09801490申请日: 2001-03-08
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公开(公告)号: US07774246B1公开(公告)日: 2010-08-10
- 发明人: Christopher Keith
- 申请人: Christopher Keith
- 代理机构: Christensen O'Connor Johnson Kindness PLLC
- 主分类号: G06Q40/00
- IPC分类号: G06Q40/00
摘要:
A market process collects orders from trading processes into a batch, the orders associated with respective liquidity curves. The market process uses the liquidity curve to determine a premium offered by or demanded for the order. The market process then pairs orders in the batch that have indicated willingness to bear the greatest amount of market risk, as demonstrated by their premiums. Greedy or risk averse orders, as indicated by their premiums, may not be paired during the batch.
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