Implied Order Quality

• US 20110320334A1
• Filed: 06/24/2010
• Published: 12/29/2011
• Est. Priority Date: 06/24/2010
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Mintz, Sagy Pundak, Burns, Michael J., Deitz, Alexander D.
• Granted Patent: US 8,249,980 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• 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

Certain embodiments of the present inventions provide implied order quality. The quality may be viewed as an indication of how much an implied order and/or an aggregate quality for implied orders may be relied upon. Certain embodiments utilize various techniques for determining a quality for an implied order. Certain embodiments utilize various techniques for determining an aggregate quality for implied orders. Certain embodiments provide an indicator of the quality for an implied order and/or of the aggregate quality for implied orders. Certain embodiments filter an implied order based on a determined quality value and/or determined aggregate quality.

Claims

1. A method including:

receiving by a computing device an implied order for a tradeable object;

determining by the computing device a quality value for the implied order for the tradeable object; and

generating by the computing device a quality indicator representing the quality value for the implied order.

2. The method of claim 1, wherein the implied order is provided by an exchange.

3. The method of claim 1, wherein the implied order is determined by the computing device.

4. The method of claim 1, wherein the quality value is determined based on a generation of the implied order.

5. The method of claim 1, wherein the quality value is determined based on an origin of the implied order.

6. The method of claim 1, wherein the quality value is determined based on the number of orders the implied order is derived from.

7. The method of claim 1, wherein the quality value is determined based on the quantity of the orders the implied order is derived from.

8. The method of claim 1, wherein the quality value is determined based on a price level of the implied order.

9. The method of claim 1, further including filtering by the computing device the implied order based on the determined quality value.

10. The method of claim 1, further including displaying by the computing device the generated quality indicator.

11. The method of claim 1, wherein the quality indicator includes a number.

12. The method of claim 1, wherein the quality indicator includes a color.

13. The method of claim 1, wherein the quality indicator includes a graph.

14. A method including:

receiving by a computing device a plurality of implied orders for a tradeable object;

determining by the computing device an aggregate quality value for the plurality of implied orders for the tradeable object; and

generating by the computing device an aggregate quality indicator representing the aggregate quantity value for the plurality of implied orders.

15. The method of claim 14, wherein at least one of the plurality of implied orders is provided by an exchange.

16. The method of claim 14, wherein at least one of the plurality of implied orders is determined by the computing device.

17. The method of claim 14, wherein the aggregate quality value is determined based on the number of orders in the plurality of implied orders.

18. The method of claim 14, wherein the aggregate quality value is determined based on the quantities of the orders in the plurality of implied orders.

19. The method of claim 14, wherein the aggregate quality value is determined based on a price level of the plurality of implied orders.

20. The method of claim 14, further including filtering by the computing device the plurality of implied orders based on the determined aggregate quality value.

21. The method of claim 14, further including displaying by the computing device the generated aggregate quality indicator.

22. The method of claim 14, wherein the aggregate quality indicator includes a number.

23. The method of claim 14, wherein the aggregate quality indicator includes a color.

24. The method of claim 14, wherein the aggregate quality indicator includes a graph.