ROUTING CONTROL FOR ORDERS ELIGIBLE FOR MULTIPLE MARKETS

• US 20070005488A1
• 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 7,383,222 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 routing an order, comprising:

building an action list for the order in accordance with a set of conditional rules, the building being performed by an order handling program executing on a computer, and

routing the order to at least one destination in accordance with the action list, the routing being performed by the order handling program.

2. The method of claim 1, wherein the action list is based on the order characteristics.

3. The method of claim 1, wherein the action list is based on the destination characteristics.

4. The method of claim 1, wherein the action list is based on data obtained to make a routing decision for this order.

5. The method of claim 1, wherein the action list is based on data obtained for a reason other than making a routing decision for this order.

6. The method of claim 1, wherein the action list is based on a relationship between the order handling program and the destination.