Method and system for canceling orders for financial articles of trades
DCFirst Claim
1. A method for cancelling pending orders for financial articles of trade, comprising:
- collecting, by one or more collection controllers, data from a plurality of liquidity destinations trading at least one financial article of trade, wherein the data comprises disparate data corresponding to associated liquidity destinations;
normalizing, by one or more processors, the collected data into a standardized form;
defining, by one or more processors, a condition of a trading market comprising one or both submitted and executed transactions of financial articles of trade over the plurality of liquidity destinations;
associating, by one of more processors, the defined condition with an entity;
identifying, by one or more processors, an event in the trading market matching the condition from the normalized data;
based on the matching, terminating, by one or more switches, at least one communication session between the entity and a corresponding liquidity destination; and
cancelling, by one or more processors, pending orders from the entity.
1 Assignment
Litigations
1 Petition
Accused Products
Abstract
Market data is monitored for purposes of canceling orders for financial articles of trade. Real-time data is collected from multiple liquidity destinations trading at least one financial article of trade. The real-time data comprises disparate data corresponding to associated liquidity destinations. The collected real-time data is normalized into a standardized form. A condition is defined of a trading market that includes one or both of submitted and executed transactions of financial articles of trade over the multiple liquidity destinations. The condition is associated with an entity. Through monitoring of the normalized real-time data, an event is identified in the trading market that matches the condition. Upon identification of the condition, at least one communication session between the entity and a corresponding liquidity destination is terminated causing a process at the corresponding liquidity destination to cancel pending or outstanding orders for financial articles of trades from the entity.
-
Citations
30 Claims
-
1. A method for cancelling pending orders for financial articles of trade, comprising:
-
collecting, by one or more collection controllers, data from a plurality of liquidity destinations trading at least one financial article of trade, wherein the data comprises disparate data corresponding to associated liquidity destinations; normalizing, by one or more processors, the collected data into a standardized form; defining, by one or more processors, a condition of a trading market comprising one or both submitted and executed transactions of financial articles of trade over the plurality of liquidity destinations; associating, by one of more processors, the defined condition with an entity; identifying, by one or more processors, an event in the trading market matching the condition from the normalized data; based on the matching, terminating, by one or more switches, at least one communication session between the entity and a corresponding liquidity destination; and cancelling, by one or more processors, pending orders from the entity. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
-
-
17. A method for cancelling pending financial article of trade orders, comprising:
-
collecting, by one or more collection controllers, data from a plurality of liquidity destinations trading at least one financial article of trade, wherein the data comprises disparate data corresponding to associated liquidity destinations; normalizing, by one or more processors, the collected data collected into a standardized form; defining, by one or more processors, a condition of a trading market comprising one or both submitted and executed transactions of financial articles of trade over the plurality of liquidity destinations; associating, by one or more processors, the condition defined with an entity; identifying, by one or more processors, an event in the trading market matching the condition from the normalized data; wherein at least one switch is configured to operate between the entity and the plurality of liquidity destinations over a plurality of connections between the entity and the plurality of liquidity destinations, wherein the plurality of connections facilitate a plurality of sessions between the entity and the plurality of liquidity destinations; and stopping, by one or more processors, most or all future trading activity of the entity over the plurality of sessions by the activating the at least one switch. - View Dependent Claims (18, 19)
-
-
20. A method for cancelling pending financial article of trade orders, comprising:
-
collecting, by one or more collection controllers, data from a plurality of sources trading at least one financial article of trade with a plurality of liquidity destinations; normalizing, by or more processors, the collected data into a standardized form; defining, by one or more processors, a condition of a trading market comprising submitted transactions of financial articles of trade over the plurality of liquidity destinations; associating, by one or more processors, the defined condition with an entity; identifying, by one or more processors, an event in the trading market matching the condition from the normalized data; based on the matching, terminating, by one or more switches, at least one communication session between the entity and a corresponding liquidity destination; and triggering, by one or more processors, an action at the corresponding liquidity destination that cancels pending transactions from the entity. - View Dependent Claims (21, 22)
-
-
23. A system configured to cancel pending financial article of trade orders, comprising:
-
a communication device configured to set up a communication session between an entity and a liquidity destination, wherein the communication session facilitates trading of at least one financial article of trade; a connection between the entity and the liquidity destination; a gateway associated with the connection; a collector configured to collect data including transactions of financial articles of trade; an event identifier configured to identify an event matching a defined condition in a trading market comprising one or both of submitted and executed transactions of financial articles of trade over a plurality of liquidity destinations from the collected data, wherein the condition is associated with the entity; a controller configured to terminate the connection using the gateway when the event is identified. - View Dependent Claims (24, 25, 26, 27)
-
-
28. Apparatus configured to cancel pending orders for financial articles of trade, comprising electronic circuitry configured to:
-
establish a communication session between an entity and a liquidity destination, wherein the communication session facilitates trading of at least one financial article of trade and associate the communication session to a connection between the entity and the liquidity destination, where a switch is associated with the connection; collect data including transactions of financial articles of trade; identify an event matching a defined condition in a trading market comprising one or both of submitted and executed transactions of financial articles of trade over a plurality of liquidity destinations from the collected data, wherein the condition is associated with the entity; and cancel multiple pending transactions from the entity as soon as the event is identified. - View Dependent Claims (29, 30)
-
Specification