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Automated short term option order processing

  • US 7,383,220 B1
  • Filed: 03/08/2001
  • Issued: 06/03/2008
  • Est. Priority Date: 04/10/2000
  • Status: Expired due to Term
First Claim
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1. A method of facilitating trading, comprising:

  • automatically receiving a request for a short term option, wherein the request for the short term option is received as a result of trading activity of a user without an explicit request for the short term option from the user,automatically receiving a timer request for a timer to measure the duration of the short term option, wherein the term of the short term option is about ten seconds or less measured from when the short term option is granted, and wherein the request is received from a market process, the market process being a computer program executing on a computer system and implementing rules of engagement by which information or merchandise is exchanged between trading processes,in response to the timer request, automatically instantiating the timer and setting the timer to indicate the short term option expiration time, andautomatically terminating the instance of the timer upon expiration of the short term option.

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