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Systems and methods for quoting a two-sided trading orders

a technology of electronic trading and trading orders, applied in the field of system and method for electronic trading, can solve the problems of many implementations of this one-sided method of electronic trading, many delays for traders, and lack of desired speed

Inactive Publication Date: 2020-02-13
BGC PARTNERS LP
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

The invention provides trading interfaces that allow traders to instantly enter two-sided markets. These interfaces allow traders to place bids and offers based on a value and a pre-set spread amount. The technical effect of the invention is increased flexibility and efficiency for trading in two-sided markets.

Problems solved by technology

Many implementations of this one-sided method of electronic trading, while generally accurate, lack in desired speed mainly because traders are forced to enter bids and offers independently for a particular item.
This dual process causes much delay for traders because the traders must follow several steps prior to accomplishing a two-sided market trade.
This one-sided market trading approach is very time consuming.

Method used

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  • Systems and methods for quoting a two-sided trading orders
  • Systems and methods for quoting a two-sided trading orders
  • Systems and methods for quoting a two-sided trading orders

Examples

Experimental program
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Embodiment Construction

[0020]The present invention relates to systems and methods for instantly quoting a two-sided market.

[0021]Currently, if a trader wishes to enter a bid and an offer order, he must do so independently. This is an arduous task, especially in a fast moving market. In accordance with the present invention, it is possible to allow a trader to enter a two-sided market order instantly. Systems and methods provide configurable trading interfaces to automate the submission of a two-sided market order.

[0022]The technique of the present invention for instantly submitting a two-sided market order uses a pre-set spread amount, configured by the trader, and an entered value to generate a bid or offer value, depending on which value is entered. For example, if a trader enters a bid price, the trader may indicate to submit a bid and offer order for a particular item, where the offer price may be automatically generated from the bid price and the pre-set spread amount. If a trader enters an offer pri...

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PUM

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Abstract

Systems and methods for instantly quoting a two-sided market. Using these systems and methods, a trader can use various trading interfaces to initiate two-sided market orders based on a value submitted and a pre-set spread amount as configured by the trader.

Description

BACKGROUND OF THE INVENTION[0001]This invention relates to systems and methods for electronic trading of a item or instrument sold in an electronic market. More particularly, this invention provides configurable trading interfaces for electronic trading of a item or instrument sold in an electronic market.[0002]As electronic trading becomes more popular, an increasing number of traders are in need of new systems and methods to enter trade commands in a quick, efficient, and accurate manner. In one method of electronic trading, bids and offers for a particular item are submitted independently by a trader to a trading system, those bids and offers are then displayed by the trading system to other traders, and the other traders may then respond to the bid by submitting sell (or hit) or buy (or lift or take) commands to the system. This method of electronic trading is often referred to as one-sided market trading.[0003]Many implementations of this one-sided method of electronic trading,...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G06Q40/04G06F
CPCG06Q40/04
Inventor GILBERT, ANDREW C.STERGIOPOULOS, ANDREW
Owner BGC PARTNERS LP