Patent application number | Description | Published |
20140156490 | System and Method for Management and Analysis of Electronic Trade Orders - A system and methods are provided for using order descriptor identifiers in relation to orders being used in trading strategies. According to one example method, when a hedge order is submitted upon detecting a fill of another order, the hedge order includes one or more order descriptor identifiers conveying a purpose of the hedge order to a user. The order descriptor identifiers can be used to search for desired orders and perform more effective order management and post trade analysis. | 06-05-2014 |
20140195408 | System and Method for Order Placement in an Electronic Trading Environment - A system and associated methods are provided for intelligent placement and movement of orders in an electronic trading environment. According to one example method, in addition to submitting a leg order at a calculated price level, additional orders, queue holder orders, are submitted for the leg order at prices either below or above the calculated price level. Based on this configuration, if the conditions change such that it is necessary to re-price the leg order, there will be already an order resting in the exchange order book at the re-calculated price that can be used in the strategy. Upon re-pricing the leg order, one or more additional queue holder orders will be placed in the market. Other tools are provided as well. | 07-10-2014 |
20140236797 | SYSTEM AND METHOD FOR USE OF FRACTIONAL PAY-UP TICKS IN RELATION TO TRADING STRATEGIES IN AN ELECTRONIC TRADING ENVIRONMENT - A system and associated methods are provided for use of fractional pay-up ticks in relation to offset orders being sent for a trading strategy that involves trading a first tradeable object and at least a second tradeable object. According to one example method, when an indication is received that a quantity at a first price for the first tradeable object is filled, a plurality of offset orders for the second tradeable object is sent to an electronic order book of the second tradeable object. The plurality of offset orders is placed at a plurality of price levels determined based on at least one fractional pay-up tick value, the first price, and the desired spread price. A quantity for each order is determined based on a quantity divider rule that is applied to an offset quantity to offset the fill. | 08-21-2014 |
20140297501 | System and Method for Reducing the Risks Involved in Trading Multiple Spread Trading Strategies - System and methods for reducing the risks involved in trading multiple spread trading strategies in an electronic trading environment are provided. Specifically, reducing the risks involved in trading multiple spreads that share a leg by, among other things, quoting a single order in the shared leg instead of quoting orders for each of the corresponding spread legs. Based on the computed quote price for the single order, associating the single order with the leaned on price that results in the price closest to the inside market in the shared leg. The single quote order is based on the market conditions in the spread legs and the desired spread price. Once the single order fills, a hedge order is sent to the leg that obtains the most advantageous price for the spread based on the other spread options. | 10-02-2014 |
20140297511 | SYNTHETIC SPREAD TRADING - Synthetic spread trading strategies are represented and managed as homogeneous tradeable objects. Relationships between a synthetic spread and its constituent parts are defined and states for a spread are developed for accurately reporting, tracking and otherwise administering a synthetic spread and its constituent parts. A state of a synthetic spread is identified as working, pending, legged or filled. The states, in addition to identification of a synthetic spread's constituent parts, introduces information to allow a spread order and its post trade analysis to be consistently and effectively managed by multiple trading tools. | 10-02-2014 |
20150142634 | Distribution of Electronic Market Data - A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial. | 05-21-2015 |
Patent application number | Description | Published |
20090299890 | System and Method for Aggressively Trading a Strategy in an Electronic Trading Environment - System and method for aggressively trading a spread trading strategy in an electronic environment are provided herein. According to the example embodiments, a trader may configure the automated trading tool to trade as aggressively as possible by leaning on a price without an associated quantity. This allows a trader to possibly obtain a more profitable price as well as get filled faster. Traders submit an order for a spread and the automated trading tool calculates the quote order price based on a defined level of aggressiveness, the leaned on price, and the desired spread price. Based on the level of defined aggressiveness and the gap in the market, the automated trading tool may lean on a mildly, moderately, or extremely aggressive price. | 12-03-2009 |
20100191641 | SYSTEMS AND METHODS FOR USE OF FRACTIONAL PAY-UP TICKS IN RELATION TO TRADING STRATEGIES IN AN ELECTRONIC TRADING ENVIRONMENT - A system and associated methods are provided for use of fractional pay-up ticks in relation to offset orders being sent for a trading strategy that involves trading a first tradeable object and at least a second tradeable object. According to one example method, when an indication is received that a quantity at a first price for the first tradeable object is filled, a plurality of offset orders for the second tradeable object is sent to an electronic order book of the second tradeable object. The plurality of offset orders is placed at a plurality of price levels determined based on at least one fractional pay-up tick value, the first price, and the desired spread price. A quantity for each order is determined based on a quantity divider rule that is applied to an offset quantity to offset the fill. | 07-29-2010 |
20100293088 | System and Method for Management and Analysis of Electronic Trade Orders - A system and methods are provided for using order descriptor identifiers in relation to orders being used in trading strategies. According to one example method, when a hedge order is submitted upon detecting a fill of another order, the hedge order includes one or more order descriptor identifiers conveying a purpose of the hedge order to a user. The order descriptor identifiers can be used to search for desired orders and perform more effective order management and post trade analysis. | 11-18-2010 |
20110145165 | Synthetic Spread Trading - Synthetic spread trading strategies are represented and managed as homogeneous tradeable objects. Relationships between a synthetic spread and its constituent parts are defined and states for a spread are developed for accurately reporting, tracking and otherwise administering a synthetic spread and its constituent parts. A state of a synthetic spread is identified as working, pending, legged or filled. The states, in addition to identification of a synthetic spread's constituent parts, introduces information to allow a spread order and its post trade analysis to be consistently and effectively managed by multiple trading tools. | 06-16-2011 |
20120005057 | Distribution of Electronic Market Data - A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial. | 01-05-2012 |
20120173400 | Distribution of Electronic Market Data - A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial. | 07-05-2012 |
20120284170 | System And Method For Aggressively Trading A Strategy In An Electronic Trading Environment - System and method for aggressively trading a spread trading strategy in an electronic environment are provided herein. According to the example embodiments, a trader may configure the automated trading tool to trade as aggressively as possible by leaning on a price without an associated quantity. This allows a trader to possibly obtain a more profitable price as well as get filled faster. Traders submit an order for a spread and the automated trading tool calculates the quote order price based on a defined level of aggressiveness, the leaned on price, and the desired spread price. Based on the level of defined aggressiveness and the gap in the market, the automated trading tool may lean on a mildly, moderately, or extremely aggressive price. | 11-08-2012 |
20120296803 | System and Method for Smart Hedging in an Electronic Trading Environment - A system and associated methods are provided for smart hedging in an electronic trading environment. According to one example method, a first order for a first tradeable object and a second order for a second tradeable object are placed based on a spread strategy. Upon receiving an indication that a quantity of the first order is filled, the method involves determining if the second order can be used to offset the quantity filled of the first order by determining if a price of the second order would result in achieving a desired spread price defined for the spread strategy. If the price results in the desired price, the second order is used to offset the quantity filled for the first order in an attempt to achieve the desired spread price. Other tools are provided as well. | 11-22-2012 |
20120330818 | System And Method For Management And Analysis Of Electronic Trade Orders - A system and methods are provided for using order descriptor identifiers in relation to orders being used in trading strategies. According to one example method, when a hedge order is submitted upon detecting a fill of another order, the hedge order includes one or more order descriptor identifiers conveying a purpose of the hedge order to a user. The order descriptor identifiers can be used to search for desired orders and perform more effective order management and post trade analysis. | 12-27-2012 |
20130024357 | Distribution Of Electronic Market Data - A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial. | 01-24-2013 |
20130339213 | SYSTEM AND METHOD FOR USE OF FRACTIONAL PAY-UP TICKS IN RELATION TO TRADING STRATEGIES IN AN ELECTRONIC TRADING ENVIRONMENT - A system and associated methods are provided for use of fractional pay-up ticks in relation to offset orders being sent for a trading strategy that involves trading a first tradeable object and at least a second tradeable object. According to one example method, when an indication is received that a quantity at a first price for the first tradeable object is filled, a plurality of offset orders for the second tradeable object is sent to an electronic order book of the second tradeable object. The plurality of offset orders is placed at a plurality of price levels determined based on at least one fractional pay-up tick value, the first price, and the desired spread price. A quantity for each order is determined based on a quantity divider rule that is applied to an offset quantity to offset the fill. | 12-19-2013 |
20140006246 | DISTRIBUTION OF ELECTRONIC MARKET DATA | 01-02-2014 |
20140040104 | System and Method for Reducing the Risks Involved in Trading Multiple Spread Trading Strategies - System and methods for reducing the risks involved in trading multiple spread trading strategies in an electronic trading environment are provided. Specifically, reducing the risks involved in trading multiple spreads that share a leg by, among other things, quoting a single order in the shared leg instead of quoting orders for each of the corresponding spread legs. Based on the computed quote price for the single order, associating the single order with the leaned on price that results in the price closest to the inside market in the shared leg. The single quote order is based on the market conditions in the spread legs and the desired spread price. Once the single order fills, a hedge order is sent to the leg that obtains the most advantageous price for the spread based on the other spread options. | 02-06-2014 |
20140172665 | SYSTEM AND METHOD FOR AGGRESSIVELY TRADING A STRATEGY IN AN ELECTRONIC TRADING ENVIRONMENT - System and method for aggressively trading a spread trading strategy in an electronic environment are provided herein. According to the example embodiments, a trader may configure the automated trading tool to trade as aggressively as possible by leaning on a price without an associated quantity. This allows a trader to possibly obtain a more profitable price as well as get filled faster. Traders submit an order for a spread and the automated trading tool calculates the quote order price based on a defined level of aggressiveness, the leaned on price, and the desired spread price. Based on the level of defined aggressiveness and the gap in the market, the automated trading tool may lean on a mildly, moderately, or extremely aggressive price. | 06-19-2014 |
20140249981 | DISTRIBUTION OF ELECTRONIC MARKET DATA - A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial. | 09-04-2014 |
Patent application number | Description | Published |
20140156117 | DISTRIBUTED CONTROL SYSTEM FOR A LOCOMOTIVE - The present disclosure is directed to a distributed control system for a locomotive. The distributed system may include a network and a plurality of electronic modules distributed within a locomotive. Each of the electronic modules is communicatively coupled to the network in a standardized scalable architecture. Each of the electronic modules may include at least a configurable controller that is reconfigurable to implement at least one control function associated with distributed control of the locomotive. | 06-05-2014 |
20140156118 | TWO-TIERED HIERARCHICALLY DISTRIBUTED LOCOMOTIVE CONTROL SYSTEM - The present disclosure is directed to a distributed control system for a locomotive. The distributed system may include a network and a plurality of electronic modules spatially distributed within the locomotive and communicatively coupled to the network in a standardized scalable architecture. A first electronic module of the plurality of electronic modules includes a first configurable controller and a programmable controller, and a second electronic module of the plurality of electronic modules includes a second configurable controller and does not include a programmable controller. | 06-05-2014 |
20140156119 | BACK-UP AND REDUNDANCY OF MODULES IN LOCOMOTIVE DISTRIBUTED CONTROL SYSTEMS - The present disclosure is directed to a distributed control system for a locomotive. The distributed system may include a network, a plurality of electronic modules and a plurality of control elements distributed within the locomotive. Each of the electronic modules is communicatively coupled to the network in a standardized scalable architecture. Each of the electronic modules may be programmatically reconfigurable to implement distributed control of the locomotive. A first electronic module and a second electronic module of the plurality of electronic modules may be communicatively connected to one of the plurality of control elements via separate communication paths. The first electronic module may be configured to control the control element, and the second electronic module may be configured to control the control element when the first electronic module enters into a failure condition. | 06-05-2014 |
20140156120 | MONITORING AND FAILOVER OPERATION WITHIN LOCOMOTIVE DISTRIBUTED CONTROL SYSTEM - The present disclosure is directed to a distributed control system for a locomotive. The distributed system may include a network and a plurality of electronic modules distributed within the locomotive and communicatively coupled to the network in a standardized scalable architecture. Each of the electronic modules includes at least one configurable controller that is reconfigurable to implement distributed control of the locomotive. At least one of the electronic modules includes a programmable controller in communication with the configurable controller and the network. A first configurable controller may be configured to monitor at least a first programmable controller. | 06-05-2014 |
20140156121 | REMOTE UPDATE IN LOCOMOTIVE DISTRIBUTED CONTROL SYSTEMS - The present disclosure is directed to a distributed control system for a locomotive. The distributed system may include a network and a plurality of electronic modules distributed within a locomotive. The plurality of electronic modules are communicatively coupled to the network in a standardized scalable architecture and implementing distributed control of the locomotive. A first electronic module of the plurality of electronic modules may include a first configurable controller and a memory that stores a configuration file received via the network. The first configurable controller may be reconfigurable based on the configuration file stored in the memory. | 06-05-2014 |
20140156122 | NETWORK INFRASTRUCTURE FOR LOCOMOTIVE DISTRIBUTED CONTROL SYSTEM - The present disclosure is directed to a distributed control system for a locomotive. The distributed system may include at least one network and a plurality of communication centers spatially distributed within the locomotive. Each of the plurality of communication centers may include a plurality of communication outlets. The system may further include a plurality of electronic modules spatially distributed within the locomotive in a standardized scalable architecture and connected to the at least one network via the plurality of communication outlets included in the plurality of communication centers. Each one of the plurality of electronic modules may be reconfigurable to implement distributed control of the locomotive. | 06-05-2014 |