发明授权
- 专利标题: Controlling implied markets during a stop loss trigger
- 专利标题(中): 在止损触发期间控制隐含市场
-
申请号: US11900756申请日: 2007-09-13
-
公开(公告)号: US08112347B2公开(公告)日: 2012-02-07
- 发明人: James Farrell , James Krause
- 申请人: James Farrell , James Krause
- 申请人地址: US IL Chicago
- 专利权人: Chicago Mercantile Exchange Inc.
- 当前专利权人: Chicago Mercantile Exchange Inc.
- 当前专利权人地址: US IL Chicago
- 代理机构: Lempia Summerfield Katz LLC
- 主分类号: G06Q40/00
- IPC分类号: G06Q40/00
摘要:
A system mitigates the effects of a market spike caused by the triggering and the election of a conditional order in an automated matching system. Conditional orders submitted to a trading engine are evaluated to compare a price of an order to a predetermined price range. Matching of the orders may be delayed when the price of the orders lies outside of the predetermined price range. An opening price to be used by the trading engine is derived and a time interval is used to delay a matching of the orders until the opening price is within a predetermined price range up to a maximum delay time set by a control center. Implied spreads are also removed until other instruments within a trading unit are verified open.
公开/授权文献
- US20080010187A1 Controlling implied markets during a stop loss trigger 公开/授权日:2008-01-10
信息查询