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1. 发明申请

US20210409326A1 Sticky Order Routers 有权
公开(公告)号：US20210409326A1
公开(公告)日：2021-12-30
申请号：US17473955
申请日：2021-09-13
申请人： TRADING TECHNOLOGIES INTERNATIONAL INC.
发明人： Sagy Pundak Mintz
IPC分类号： H04L12/721 , G06Q40/04 , H04L12/775
摘要： A sticky order routing system may include multiple order routers in communication with an electronic exchange for communicating transaction messages. Each of the order routers communicates transaction messages between multiple associated trading sessions and the electronic exchange, where of the associated trading sessions is assigned to the order router in communication with the electronic exchange. Transaction message traffic between the order routers and the electronic exchange is monitored, such as randomly, based on round-robin assignment, and/or trading data. In response to transaction message traffic exceeding a threshold, the trading session may be assigned to a new order router.

2. 发明申请

US20200090277A1 Method and Apparatus for Message Flow and Transaction Queue Management 审中-公开
公开(公告)号：US20200090277A1
公开(公告)日：2020-03-19
申请号：US16691121
申请日：2019-11-21
申请人： Trading Technologies International, Inc.
发明人： Gary Allan Kemp, II , Jens-Uwe Schluetter , David W. Garrison , Sagy Pundak Mintz
IPC分类号： G06Q40/04 , G06F9/54
摘要： Management of transaction message flow utilizing a transaction message queue. The system and method are for use in financial transaction messaging systems. The system is designed to enable an administrator to monitor, distribute, control and receive alerts on the use and status of limited network and exchange resources. Users are grouped in a hierarchical manner, preferably including user level and group level, as well as possible additional levels such as account, tradable object, membership, and gateway levels. The message thresholds may be specified for each level to ensure that transmission of a given transaction does not exceed the number of messages permitted for the user, group, account, etc.

3. 发明申请

US20190035023A1 Method and Apparatus for Message Flow and Transaction Queue Management 审中-公开
公开(公告)号：US20190035023A1
公开(公告)日：2019-01-31
申请号：US16152915
申请日：2018-10-05
申请人： Trading Technologies International, Inc.
发明人： Gary Allan Kemp, II , Jens-Uwe Schluetter , David W. Garrison , Sagy Pundak Mintz
IPC分类号： G06Q40/04 , G06F9/54
CPC分类号： G06Q40/04 , G06F9/546
摘要： Management of transaction message flow utilizing a transaction message queue. The system and method are for use in financial transaction messaging systems. The system is designed to enable an administrator to monitor, distribute, control and receive alerts on the use and status of limited network and exchange resources. Users are grouped in a hierarchical manner, preferably including user level and group level, as well as possible additional levels such as account, tradable object, membership, and gateway levels. The message thresholds may be specified for each level to ensure that transmission of a given transaction does not exceed the number of messages permitted for the user, group, account, etc.

4. 发明申请

US20180308169A1 System and Method for Reducing the Risks Involved in Trading Multiple Spread Trading Strategies 审中-公开
公开(公告)号：US20180308169A1
公开(公告)日：2018-10-25
申请号：US16021997
申请日：2018-06-28
申请人： TRADING TECHNOLOGIES INTERNATIONAL INC.
发明人： Alexander D. Deitz , Sagy Pundak Mintz , David W. Garrison
IPC分类号： G06Q40/04
CPC分类号： G06Q40/04
摘要： 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.

5. 发明授权

US08712904B2 System and method for order placement in an electronic trading environment 有权
标题翻译：在电子交易环境中订单放置的系统和方法
公开(公告)号：US08712904B2
公开(公告)日：2014-04-29
申请号：US13650476
申请日：2012-10-12
申请人： Trading Technologies International, Inc.
发明人： Michael J. Burns , Eric M. Herz , Sagy Pundak Mintz , Alexander D. Dietz
IPC分类号： G06Q40/00
CPC分类号： G06Q40/04 , G06Q40/00 , G06Q40/06
摘要： 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.
摘要翻译：提供了一种系统和相关方法，用于在电子交易环境中智能放置和移动订单。根据一个示例性方法，除了以计算的价格水平提交支票订单之外，还可以以低于或高于所计算的价格水平的价格提交附加订单，队列持有人订单。基于这种配置，如果条件发生变化，以便有必要对该订单进行重新定价，那么将在交易订单簿中已经有一个可以在该策略中使用的重新计算价格的订单。在对订单进行重新定价后，一个或多个附加的队列持有者订单将被放置在市场中。还提供其他工具。

6. 发明申请

US20140101017A1 Configurable Order Entry, Matching, Coordination, and Market Data Intervals 审中-公开
标题翻译：可配置订单输入，匹配，协调和市场数据间隔
公开(公告)号：US20140101017A1
公开(公告)日：2014-04-10
申请号：US13645185
申请日：2012-10-04
申请人： Trading, Technologies, International, Inc.
发明人： Sagy Pundak Mintz , Brian J. Buck
IPC分类号： G06Q40/04
CPC分类号： G06Q40/04
摘要： Methods, system and articles of manufacture are disclosed including configurable order entry, matching, coordination and market data intervals. An example method to decouple order entry and matching of contra-side orders includes receiving a trade order during an order entry interval, wherein the order entry interval defines a first period. The example method also includes starting a matching interval at the expiration of the order entry interval, wherein the matching interval includes a second period and wherein the first period is contiguous to the second period. The example method further includes matching the trade order, during the matching interval, with one or more opposing tradable object trade orders received during the order entry interval, the trade order having a same price or same quantity as the one or more opposing trade orders.
摘要翻译：公开了方法，系统和制造物品，包括可配置的订单输入，匹配，协调和市场数据间隔。解除订单输入和反向订单匹配的示例性方法包括在订单输入间隔期间接收交易订单，其中订单输入间隔定义第一周期。示例性方法还包括在订单输入间隔期满时开始匹配间隔，其中匹配间隔包括第二周期，并且其中第一周期与第二周期相邻。示例性方法还包括在匹配间隔期间匹配交易订单与在订单输入间隔期间接收的一个或多个相对的可交易对象交易订单，所述交易订单具有与所述一个或多个相对的交易订单相同的价格或相同的数量。

7. 发明申请

US20220335529A1 System and Method for Timed Order Entry and Modification 有权
公开(公告)号：US20220335529A1
公开(公告)日：2022-10-20
申请号：US17858944
申请日：2022-07-06
申请人： TRADING TECHNOLOGIES INTERNATIONAL INC.
发明人： Michael L. Fishbain , Sagy Pundak Mintz , Stephen J. Murphy
IPC分类号： G06Q40/04 , G06Q40/00 , G06Q40/06
摘要： A system and method for defining and processing timed orders are defined. According to one embodiment, a trader may define a timed order by defining an intra-day time trigger or a time period when the timed order should be automatically modified, such as deleted or cancelled/replaced with a new order. In one embodiment, the intra-day time trigger or time period may be dynamically changed to a later time, for example, upon receiving a predetermined user input. Also, the time trigger and time period may be configured to dynamically vary based on any user configurable formula. Also, the timed order may be associated with one or more actions to be taken once the order is deleted, such as sending a new order, for example.

8. 发明申请

US20220084117A1 System and Method for a Risk Check 有权
公开(公告)号：US20220084117A1
公开(公告)日：2022-03-17
申请号：US17534263
申请日：2021-11-23
申请人： TRADING TECHNOLOGIES INTERNATIONAL INC.
发明人： Sagy Pundak Mintz
IPC分类号： G06Q40/04 , G06Q40/06
摘要： Various systems and methods are described herein for a risk check. The risk check bases a decision to allow a trading strategy to proceed on whether the order quantity for each leg of the trading strategy satisfies a certain condition. Particularly, when a trading strategy is initiated, the quantity for each of the orders to be submitted on behalf of the trading strategy, including the quantity of the initial order and any subsequent orders, is then compared to a corresponding risk value. If the order quantity for each of the orders is less than the corresponding risk value, then the trading strategy can proceed and the initial order can be sent on to the exchange. However, if the order quantity for any of the orders exceeds the risk value, then the initial order is not sent to the electronic exchange. Additionally, as described herein, quantity associated with the trading strategy is held or reserved for execution of the trading strategy regardless of the activity taken by the trader since the trading strategy was initiated. The reserved quantity can be drawn from the trading strategy until the quantity is depleted, the trading strategy has ended, or both, for example.

9. 发明申请

US20210142417A1 Distributed Server Side Device Architecture 有权
公开(公告)号：US20210142417A1
公开(公告)日：2021-05-13
申请号：US17155063
申请日：2021-01-21
申请人： TRADING TECHNOLOGIES INTERNATIONAL INC.
发明人： Sagy Pundak Mintz , Michael J. Burns
IPC分类号： G06Q40/06 , G06Q40/04
摘要： An electronic trading method is provided. The method includes receiving a trading strategy order having a parent trading strategy including multiple quoting legs; splitting the trading strategy order into multiple child orders; and submitting each of the multiple child orders to exchange systems adapted to fill the quoting legs in the child orders. Each child order includes a child trading strategy having a single quoting leg or a reduced number of quoting legs relative to the parent trading strategy. The child trading strategies are the same as the parent trading strategy except for the number of legs marked as quoting legs. The method may be performed by a trading strategy device disposed between a client device and multiple server side devices.

10. 发明申请

US20210056632A1 Lean Level Support for Trading Strategies 有权
公开(公告)号：US20210056632A1
公开(公告)日：2021-02-25
申请号：US17081553
申请日：2020-10-27
申请人： TRADING TECHNOLOGIES INTERNATIONAL INC.
发明人： Stephan Brianti , Sagy Pundak Mintz
IPC分类号： G06Q40/04 , G06Q40/06
摘要： Certain embodiments of the present invention provide techniques for lean level support for a trading strategy. According to certain embodiments, the support for a price level under consideration as a lean level is determined based at least in part on quantity available at the price level. According to certain embodiments, the support for a price level under consideration as a lean level is determined based at least in part on quantity available at one or more other price levels. According to certain embodiments, the support for a price level under consideration as a lean level is determined based at least in part on the number of orders at one or more price levels. A lean level may then be determined based on the determined support. According to certain embodiments, a lean multiplier and/or a lean base are determined dynamically based on the determined support.

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