System and Method for Coordinating Automated and Semi-Automated Trading Tools

• US 20120239546A1
• Filed: 05/14/2012
• Published: 09/20/2012
• Est. Priority Date: 12/30/2003
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Singer, Scott F., Musgrave, Mark A., Burns, Michael J.
• Granted Patent: US 10,078,869 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 tradable 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 comprising:

receiving, by a computer device, a first request associated with a first trading strategy, wherein the first request represents a request to lean on a first quantity of a tradable object;

determining, by the computer device, a first estimated price for the first quantity of the tradable object for use by the first trading strategy, wherein the first estimated price is determined based on market information for the tradable object received from an electronic exchange;

providing, by the computer device, the first estimated price for the first quantity of the tradable object for use in relation to the first trading strategy, wherein the first estimated price is used to generate an order to buy or sell a second tradable object based on a definition of the first trading strategy;

receiving, by the computer device, a second request associated with a second trading strategy, wherein the second request represents a request to lean on a second quantity of the tradable object;

determining, by the computer device, a second estimated price for the second quantity of the tradable object for use by the second trading strategy, wherein the second estimated price is determined based on the market information for the tradable object and further based on the first quantity at the first estimated price determined for use by the first trading strategy associated with the first request; and

providing, by the computer device, a second estimated price for the second quantity of the tradable object for use in relation to the second trading strategy, wherein the second estimated price is used to generate an order to buy or sell a third tradable object based on a definition of the second trading strategy.

2. The method of claim 1, wherein the first trading strategy and the second trading strategy are associated with the same trading tool.

3. The method of claim 1, wherein the first trading strategy and the second trading strategy are associated with different trading tools.

4. The method of claim 1, wherein the second tradable object and the third tradable object are the same tradable object.

5. The method of claim 1, wherein the second tradable object and the third tradable object are different tradable objects.

6. The method of claim 1, further comprising:

allocating, by the computer device, the first order quantity at the first estimated price for use by the first trading strategy.

7. The method of claim 1, further comprising:

allocating, by the computer device, the second order quantity at the second estimated price for use by the second trading strategy.

8. The method of claim 1, further comprising:

determining, by the computer device, at least one an updated first estimated price and a second estimated price upon detecting a predetermined event.

9. The method of claim 1, wherein the predetermined event is based on updated market information for the tradable object received from the electronic exchange.

10. The method of claim 1, wherein the event comprises a priority based event associated with at least one of the first trading strategy, the second trading strategy, and a third trading strategy.

16. The computer readable medium of claim 1, wherein the instructions are further executable to:

allocate the first order quantity at the first estimated price for use by the first trading strategy.

11. A computer readable medium having stored therein instructions for execution by a processor wherein the instructions are executable to:

receive a first request associated with a first trading strategy, wherein the first request represents a request to lean on a first quantity of a tradable object;

determine a first estimated price for the first quantity of the tradable object for use by the first trading strategy, wherein the first estimated price is determined based on market information for the tradable object received from an electronic exchange;

provide the first estimated price for the first quantity of the tradable object for use in relation to the first trading strategy, wherein the first estimated price is used to generate an order to buy or sell a second tradable object based on a definition of the first trading strategy;

receive a second request associated with a second trading strategy, wherein the second request represents a request to lean on a second quantity of the tradable object;

determine a second estimated price for the second quantity of the tradable object for use by the second trading strategy, wherein the second estimated price is determined based on the market information for the tradable object and further based on the first quantity at the first estimated price determined for use by the first trading strategy associated with the first request;

provide a second estimated price for the second quantity of the tradable object for use in relation to the second trading strategy, wherein the second estimated price is used to generate an order to buy or sell a third tradable object based on a definition of the second trading strategy.

12. The computer readable medium of claim 11, wherein the first trading strategy and the second trading strategy are associated with the same trading tool.

13. The computer readable medium of claim 11, wherein the first trading strategy and the second trading strategy are associated with different trading tools.

14. The computer readable medium of claim 11, wherein the second tradable object and the third tradable object are the same tradable object.

15. The computer readable medium of claim 11, wherein the second tradable object and the third tradable object are different tradable objects.

17. The computer readable medium of claim 11, wherein the instructions are further executable to:

allocate the second order quantity at the second estimated price for use by the second trading strategy.

18. The computer readable medium of claim 11, wherein the instructions are further executable to:

determine at least one an updated first estimated price and a second estimated price upon detecting a predetermined event.

19. The computer readable medium of claim 11, wherein the predetermined event is based on updated market information for the tradable object received from the electronic exchange.

20. The computer readable medium of claim 11, wherein the event comprises a priority based event associated with at least one of the first trading strategy, the second trading strategy, and a third trading strategy.