System and method for improved electronic trading

a technology of electronic trading and system, applied in the field of system and method for improving electronic trading, can solve the problems of trader losing a significant amount of money, best software tools at their trading terminals are limited in performance, and cannot be matched,
US20060259400A1Pending Publication Date: 2006-11-16TRADING TECH INT INC
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Patent Information

Authority / Receiving Office
US · United States
Current Assignee / Owner
TRADING TECH INT INC
Publication Date
2006-11-16

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Abstract

A system and method is described herein for an exchange to act based on a market event on behalf of a trader. According to one aspect, a first electronic market can send orders to and / or manage orders at a second electronic market based on an internal and / or external market event on behalf of a trader. According to another aspect, an electronic market may manage orders in its own market based on an external market event on behalf of a trader. In particular, a trader, and exchange, or some other party can define an internal or external market event that comprises a condition and an action. Upon receiving internal and / or external information, when the market event condition is satisfied, the electronic market performs the action associated with the condition. An advantage, among many others, of the present embodiments is that it makes internal and external market influences and conditions visible to electronic markets to facilitate trading on behalf of a trader.
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Description

BACKGROUND

[0001] At one time, there were only open-outcry exchanges where traders, or more specifically buyers and sellers, would come together to trade in person. Recently, electronic exchanges have followed suit with the central evolutionary difference being the process of automatic and electronic matching of bids and offers.

[0002] In particular, subscribing traders are connected to an exchange's electronic trading platform by way of a communication link and through an application program interface to facilitate real-time electronic messaging between themselves and the exchange. The electronic trading platform includes at least one electronic market, which is at the heart of the trading system for a particular market and handles the matching of bids and offers placed by the subscribing traders for that market. The electronic messaging includes market information that is sent from the electronic market to the traders. Once the traders receive market information, it may be display...

Claims

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