System and method for coordinating automated and semi-automated trading tools

• US 20070100736A1
• Filed: 05/02/2006
• Published: 05/03/2007
• Est. Priority Date: 12/30/2003
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Singer, Scott, Burns, Michael, Musgrave, Mark
• Granted Patent: US 7,536,344 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 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

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.

Claims

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.

2-20. -20. (canceled)