Invention Grant
- Patent Title: Integrated order matching system combining visible and hidden parameters
- Patent Title (中): 综合订单匹配系统组合可见和隐藏参数
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Application No.: US13720972Application Date: 2012-12-19
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Publication No.: US08694416B2Publication Date: 2014-04-08
- Inventor: Uwe Schweickert , Miroslav Budimir , Peter Gomber
- Applicant: Deutsche Börse AG
- Applicant Address: DE Frankfurt am Main
- Assignee: Deutsche Boerse AG
- Current Assignee: Deutsche Boerse AG
- Current Assignee Address: DE Frankfurt am Main
- Agency: Reed Smith LLP
- Agent Marc S. Kaufman
- Priority: EP04009752 20040423
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A system and method for providing back-end functionality for order processing in electronic order book trading. A sell/buy order is received comprising a lower/upper limit and a conditional lower/upper limit defining a conditional selling/buying price range for executing the sell/buy order under certain selling/buying conditions. It is determined whether the selling/buying conditions are fulfilled, including determining whether the sum of the first and second part of the buy/sell order is superior or equal to a threshold volume. The sell/buy order and the buy/sell order are executed against each other if at least the selling/buying conditions are fulfilled. Embodiments allow rapidly executing large trading interests with minimized market impact and opportunity costs.
Public/Granted literature
- US20130110701A1 INTEGRATED ORDER MATCHING SYSTEM COMBINING VISIBLE AND HIDDEN PARAMETERS Public/Granted day:2013-05-02
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