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System and method for avoiding transaction costs associated with trading orders

  • US 20050171887A1
  • Filed: 01/29/2004
  • Published: 08/04/2005
  • Est. Priority Date: 01/29/2004
  • Status: Abandoned Application
First Claim
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1. A system for avoiding costs associated with trading orders, comprising:

  • a memory operable to store an order identifier associated with a trading order, and a time threshold associated with the trading order;

    a processor coupled to the memory and operable to;

    monitor the length of time the trading order is active with a market center that is processing the trading order;

    determine a timeout when the length of time the trading order is active with the market center equals or exceeds the time threshold; and

    communicate a cancel instruction for the trading order in response to determining the timeout.

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