发明授权
- 专利标题: System and method for use of fractional pay-up ticks in relation to trading strategies in an electronic trading environment
- 专利标题(中): 与电子交易环境中的交易策略相关的分数支付蜱的系统和方法
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申请号: US13967841申请日: 2013-08-15
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公开(公告)号: US08706611B2公开(公告)日: 2014-04-22
- 发明人: Sagy P. Mintz , Eric M. Herz , Alexander D. Deitz
- 申请人: Trading Technologies International, Inc.
- 申请人地址: US IL Chicago
- 专利权人: Trading Technologies International, Inc.
- 当前专利权人: Trading Technologies International, Inc.
- 当前专利权人地址: US IL Chicago
- 代理机构: McDonnell Boehnen Hulbert & Berghoff LLP
- 主分类号: G06Q40/00
- IPC分类号: G06Q40/00
摘要:
A system and associated methods are provided for use of fractional pay-up ticks in relation to offset orders being sent for a trading strategy that involves trading a first tradeable object and at least a second tradeable object. According to one example method, when an indication is received that a quantity at a first price for the first tradeable object is filled, a plurality of offset orders for the second tradeable object is sent to an electronic order book of the second tradeable object. The plurality of offset orders is placed at a plurality of price levels determined based on at least one fractional pay-up tick value, the first price, and the desired spread price. A quantity for each order is determined based on a quantity divider rule that is applied to an offset quantity to offset the fill.
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