Dynamic Tick Size Order Aggregator
First Claim
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1. A method comprising:
- (a) determining a minimum bid ask spread for a financial instrument having a fixed trading increment; and
(b) by a processor dynamically adjusting the minimum bid ask spread to meet a predetermined criteria while not adjusting a trading increment.
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Abstract
Systems and methods are provided for dynamically adjusting a bid ask spread while maintaining a fixed trading increment. Various criteria may be analyzed to determine if a bid ask spread meets the desired criteria. When the criteria is not met, the bid ask spread may be adjusted by aggregating orders. Aggregation may include raising a price of the lowest ask prices and/or lowering a price of the highest bid orders.
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Citations
21 Claims
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1. A method comprising:
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(a) determining a minimum bid ask spread for a financial instrument having a fixed trading increment; and (b) by a processor dynamically adjusting the minimum bid ask spread to meet a predetermined criteria while not adjusting a trading increment. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A financial instrument trading system comprising:
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a processor; a tangible computer readable medium could be processor and containing computer-executable instructions that when executed cause the processor to perform the steps comprising; (a) maintaining an initial minimum bid ask spread for a financial instrument having a fixed trading increment; and (b) dynamically adjusting the minimum bid ask spread to meet a predetermined criteria while not adjusting a trading increment. - View Dependent Claims (13, 14, 15, 16, 17)
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18. A non-transitory computer-readable medium containing computer-executable instructions that when executed cause a processor to perform the steps comprising:
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(a) maintaining an initial minimum bid ask spread for a financial instrument having a fixed trading increment; and (b) dynamically adjusting the minimum bid ask spread to meet a predetermined criteria while not adjusting a trading increment. - View Dependent Claims (19, 20)
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21. A method comprising:
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(a) determining a minimum bid ask spread for a financial instrument having a fixed trading increment; (b) by a processor dynamically adjusting the minimum bid ask spread to meet a predetermined criteria; and (c) by a processor dynamically adjusting a minimum trading increment to meet a predetermined criteria.
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Specification