×

TRADING SYSTEM WITH INTERNAL ORDER MATCHING

  • US 20080097893A1
  • Filed: 09/25/2007
  • Published: 04/24/2008
  • Est. Priority Date: 04/05/2005
  • Status: Active Grant
First Claim
Patent Images

1. A computer-based system for exchange order routing comprising:

  • a communication network including a first server having at least one processor, one or more second servers each having at least one processor, and a client terminal having at least one processor;

    an end-user interface operable to provide a template for building an order routing strategy that includes a stipulation string, and to submit one or more orders and the order routing strategy to the first server;

    wherein the first server is configured to support operations of a first electronic exchange marketplace, the one or more second servers are configured to support operations of respective second electronic exchange marketplaces, and the client terminal is configured to provide the end-user interface between the client terminal and the first server;

    a program executable within the communication network and being configured to implement the routing strategy by attempting to cross the order on the first electronic exchange in accordance with the routing strategy, and by placing order liquidity on the respective second electronic exchanges in accordance with the routing strategy.

View all claims
  • 12 Assignments
Timeline View
Assignment View
    ×
    ×