×

TRACKING LIQUIDITY ORDER

  • US 20200134724A1
  • Filed: 12/30/2019
  • Published: 04/30/2020
  • Est. Priority Date: 05/05/2005
  • Status: Active Grant
First Claim
Patent Images

1. A computer-implemented method comprising:

  • in a computing system comprising a posting market center computer coupled to a plurality of external data sources via a network, the posting market center computer having at least one memory with at least one region for storing executable program code and at least one processor for executing the program code stored in the memory, the program code defining at least one interface, at least one order matching engine, and at least one order book;

    receiving, via the at least one interface from among the external data sources, displayed and nondisplayed orders, at least one of the nondisplayed orders comprising a tracking liquidity order having a price and size component, no price nor size component of the tracking liquidity order being displayed in the order book;

    storing, by the order matching engine in the order book, the displayed and nondisplayed orders;

    receiving, via the at least one interface, from among the external data sources, an incoming order that is eligible for routing to an away market among the external data sources;

    determining, by the order matching engine, to prevent said incoming order that is eligible for routing to the away market from being routed to the away market; and

    executing said incoming order against the tracking liquidity order without routing said incoming order to the away market.

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