WO2009134547A3 - Complex order leg synchronization - Google Patents

Complex order leg synchronization Download PDF

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Publication number
WO2009134547A3
WO2009134547A3 PCT/US2009/037819 US2009037819W WO2009134547A3 WO 2009134547 A3 WO2009134547 A3 WO 2009134547A3 US 2009037819 W US2009037819 W US 2009037819W WO 2009134547 A3 WO2009134547 A3 WO 2009134547A3
Authority
WO
WIPO (PCT)
Prior art keywords
market
legs
executed
leg
trading
Prior art date
Application number
PCT/US2009/037819
Other languages
French (fr)
Other versions
WO2009134547A2 (en
Inventor
Greg Maynard
Original Assignee
International Securities Exchange, Llc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by International Securities Exchange, Llc filed Critical International Securities Exchange, Llc
Publication of WO2009134547A2 publication Critical patent/WO2009134547A2/en
Publication of WO2009134547A3 publication Critical patent/WO2009134547A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/06—Asset management; Financial planning or analysis
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A system is provided for trading complex orders for financial instruments, including complex orders that include legs that are to be executed on different markets. The legs of the order are optionally specified to be executed in a particular ratio, at net price, and/or at a range of net prices. The system halts trading for all legs in one market, determines a quantity and price to execute a second leg of the order on the other market to achieve a specified ratio or net price and then submits the second leg for execution on the other market if the second leg remains marketable on the other market. If an execution is received from the other market, then the legs in the first market are executed and the series unfrozen. If the other market has not responded after a predetermined time, then the legs in the first market are unfrozen and trading continues.
PCT/US2009/037819 2008-04-28 2009-03-20 Complex order leg synchronization WO2009134547A2 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US12/110,900 US8224741B2 (en) 2008-04-28 2008-04-28 Complex order leg synchronization
US12/110,900 2008-04-28

Publications (2)

Publication Number Publication Date
WO2009134547A2 WO2009134547A2 (en) 2009-11-05
WO2009134547A3 true WO2009134547A3 (en) 2009-12-30

Family

ID=41215959

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2009/037819 WO2009134547A2 (en) 2008-04-28 2009-03-20 Complex order leg synchronization

Country Status (2)

Country Link
US (1) US8224741B2 (en)
WO (1) WO2009134547A2 (en)

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CN107533728A (en) * 2015-04-02 2018-01-02 浙江吉利控股集团有限公司 A kind of motivational techniques of secured network transactions, network trading platform and excitation fund platform

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US20110078686A1 (en) * 2009-09-28 2011-03-31 International Business Machines Corporation Methods and systems for highly available coordinated transaction processing
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* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
CN107533728A (en) * 2015-04-02 2018-01-02 浙江吉利控股集团有限公司 A kind of motivational techniques of secured network transactions, network trading platform and excitation fund platform

Also Published As

Publication number Publication date
WO2009134547A2 (en) 2009-11-05
US8224741B2 (en) 2012-07-17
US20090271308A1 (en) 2009-10-29

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