ROUTING CONTROL FOR ORDERS ELIGIBLE FOR MULTIPLE MARKETS

• US 20070005487A1
• Filed: 08/31/2006
• Published: 01/04/2007
• Est. Priority Date: 04/10/2000
• Status: Active Grant

• Current Assignee: Xylon LLC (Intellectual Ventures LLC)
• Original Assignee: Stikine Technology LLC (Intellectual Ventures LLC)
• Inventors: Keith, Chistopher
• Granted Patent: US 7,769,672 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

Trading processes are operative to route orders from order rooms to market processes, which process the orders according to respective market methodologies. The order routing strategy can be embodied in a decision table having rules with conditions and actions to be taken when the conditions are true. Accordingly, order rooms can readily configure and reconfigure trading processes.

Claims

1. A method of facilitating trading, comprising:

automatically supporting a set of trading processes, each trading process operating according to a respective trading methodology selected by a user of the trading process, each of the trading methodologies incorporating standards for using a trading platform, and

automatically routing orders from the set of trading processes to a plurality of markets in accordance with the respective trading methodologies.

2. The method of claim 1, wherein one of the orders from one of the trading processes is routed to at least two of the markets.

3. The method of claim 1, wherein the automatically routing is in accordance with a relationship between the trading process and the market.

4. The method of claim 3, wherein the relationship is represented by a code defined between the trading process and the market.

5. The method of claim 1, wherein at least one of the markets is informal.

6. The method of claim 1, wherein the automatically routing is based on information internal to the trading processes.

7. The method of claim 1, wherein the automatically routing is based on information obtained from processes external to the trading processes for deciding how to automatically route.

8. The method of claim 7, wherein the external processes are informational processes.

9. The method of claim 7, wherein the external processes are market processes.