Automated trading system

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20040019554A1
SERIAL NO

10205535

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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This invention resides in receiving a price feed of data specifying prices of instruments to be traded and converting prices to quotes which specify a price at which a trade can be made and an amount for that trade. In particular, the invention resides in a quote submission interface that controls whether quotes should be derived and submitted from a price feed. In an embodiment of the invention, the quote submission interface determines whether quotes should be submitted based upon a variety of factors, including any combination of the frequency of price changes, the price level in comparison to a best price, the format of price messages, the net exposure as a result of automatic deal submission, and other factors.

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First Claim

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Patent Owner(s)

Patent OwnerAddress
CME GROUP INC20 S WACKER DRIVE CHICAGO IL 60606

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Howorka, Edward R Morris Plains, NJ 52 1638
Malkin, Snezhana Morris Plains, NJ 6 131
Merold, Michael S Sparta, NJ 11 300
Riordan, Tracey Bernardsville, NJ 9 138

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