System and method for money management in electronic trading environment
First Claim
1. A money management method for electronic trading, the method comprising:
- monitoring, via a processor, orders to be submitted to an electronic exchange to trade a quantity of a tradeable object at a price to determine whether a user-defined money management filter applies to an associated order;
in response to determining that the user-defined money management filter applies to the associated order, applying, via the processor, a user-defined condition of the user-defined money management filter to the associated order to modify at least one of the price and the quantity; and
sending the associated order via the processor to the electronic exchange.
5 Assignments
0 Petitions
Accused Products
Abstract
A system and method for money management in an electronic trading environment are presented. According to one embodiment, a trader may configure a plurality of filters, each including at least one filter criteria and filter condition. When a money management module detects a new order, the money management module intercepts the order and determines if the order matches one or more predefined filters. If the order matches one or more filters then conditions associated with the applicable filter(s) are applied to the order. The application of one or more conditions to an order may result in sending a modified order, preventing the order from reaching the exchange, or sending order to the exchange without any modifications.
317 Citations
21 Claims
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1. A money management method for electronic trading, the method comprising:
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monitoring, via a processor, orders to be submitted to an electronic exchange to trade a quantity of a tradeable object at a price to determine whether a user-defined money management filter applies to an associated order; in response to determining that the user-defined money management filter applies to the associated order, applying, via the processor, a user-defined condition of the user-defined money management filter to the associated order to modify at least one of the price and the quantity; and sending the associated order via the processor to the electronic exchange. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A non-transitory omputer readable medium having instructions stored thereon which when executed by a processor cause the processor to execute acts comprising:
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monitoring orders to be submitted to an electronic exchange to trade a quantity of a tradeable object at a price to determine whether a user-defined money management filter applies to an associated order; in response to determining that the user-defined money management filter applies to the associated order, applying a user-defined condition of the user-defined money management filter to the associated order to modify at least one of the price and the quantity; and sending the associated order to the electronic exchange. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A device for money management and order submission for tradeable objects, the device comprising:
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an order monitor configured to monitor orders to be submitted to an electronic exchange to trade a quantity of a tradeable object at a price to determine whether a user-defined money management filter applies to an associated order; an order modifier configured to, responsive to the order monitor, apply a user-defined condition of the user-defined money management filter to the associated order to modify at least one of the price and the quantity in response to determining that the user-defined money management filter applies to the associated order; and an order router configured to send the associated order to the electronic exchange. - View Dependent Claims (16, 17, 18, 19, 20, 21)
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Specification