System and method for coordinating automated and semi-automated trading tools
First Claim
1. A method for implementing an automated trading strategy relating to a tradeable object being traded in an electronic exchange, the method comprising:
- calculating a first estimated price that could be obtained for an order for a first quantity of a first tradeable object, the first estimated price being calculated based on market information relating to the first tradeable object;
taking a first action of a first automated trading strategy based on the first estimated price;
calculating a second estimated price that could be obtained for an order for a second quantity of the first tradeable object, the second estimated price being calculated based on market information relating to the first tradeable object and further based on the first quantity; and
taking a second action of a second automated trading strategy based on the second estimated price.
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Accused Products
Abstract
The present embodiments include methods, systems, and computer program products that provide tools for use in any type of electronic trading environment. In one aspect, leaning manager includes software that can be implemented on any type of computer device for tracking and/or coordinating the buying and selling of available market quantities by multiple automated or semi-automated trading tools. For instance, if more than one automated or semi-automated trading tool is leaning on the same tradeable object then the leaning manager may track and/or coordinate such action. The trading tools can use the tracked information and/or the allocated quantities and their prices to enhance their trading strategies.
40 Citations
20 Claims
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1. A method for implementing an automated trading strategy relating to a tradeable object being traded in an electronic exchange, the method comprising:
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calculating a first estimated price that could be obtained for an order for a first quantity of a first tradeable object, the first estimated price being calculated based on market information relating to the first tradeable object;
taking a first action of a first automated trading strategy based on the first estimated price;
calculating a second estimated price that could be obtained for an order for a second quantity of the first tradeable object, the second estimated price being calculated based on market information relating to the first tradeable object and further based on the first quantity; and
taking a second action of a second automated trading strategy based on the second estimated price. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 11, 12)
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10. The method of claim I wherein the first automated trading strategy and the second trading strategy are trading strategies associated with one trader.
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13. A computer-based method for coordinating trading tools that are used to trade tradeable objects in an electronic trading environment, the method comprising:
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receiving a first request by a first trading tool, wherein the first request represents a willingness to lean on a tradeable object in executing a first trading strategy; and
allocating a first portion of the tradeable object associated with the first request to the first trading tool, wherein the allocated first portion of the tradeable object is used by the first trading tool in formulating the first trading strategy. - View Dependent Claims (14, 15, 16, 17, 18, 19)
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20. A method for implementing an automated trading strategy, the method comprising:
taking a first action of the automated trading strategy based on market information relating to a first tradeable object and further based on the extent that a different automated trading strategy is leaning on the first tradeable object.
Specification