公开(公告)号：US08521640B2

公开(公告)日：2013-08-27

申请号：US13243467

申请日：2011-09-23

Applicant: Fred Monroe

Inventor： Fred Monroe

IPC: G06Q40/00 ,  G06Q40/06

CPC classification number: G06Q40/04 ,  G06Q30/00 ,  G06Q30/0601 ,  G06Q40/00 ,  G06Q40/06

Abstract: A system and method for fee-based order priority level modification in an electronic trading environment are described. When an order reaches an exchange, a priority level of the order may be changed to a higher priority level, and the priority level of the order initially at the higher priority level may be changed to a lower priority level of the received order. In one embodiment, a trader who is gaining a higher priority level will be preferably charged a fee for having his order moved to the higher priority level, and at least a portion of that fee may be paid to a trader who is giving up his high priority level.

Abstract translation: 描述电子交易环境中基于费用订单优先级修改的系统和方法。 当订单到达交换时，该订单的优先级可以改变到更高的优先级，并且最初在较高优先级的订单的优先级可以改变为接收到的订单的较低优先级。 在一个实施例中，获得较高优先级的交易者将被优先收取将其订单移动到较高优先级的费用，并且该费用的至少一部分可以支付给放弃高价位的交易者 优先级。

公开(公告)号：US08090641B1

公开(公告)日：2012-01-03

申请号：US10652377

申请日：2003-08-29

Applicant: Fred Monroe

Inventor： Fred Monroe

IPC: G06Q40/00

CPC classification number: G06Q40/04

Abstract: A system and method for trading order priority levels in an electronic trading environment are described. In one embodiment, a trader who is willing to have his order moved from a high priority level to a lower priority level in an order queue may advertise his willingness to do so, and other traders can place bids for the high priority level. In such an embodiment, for example, a bidder who places the highest bid or whose bid is received first may get the high priority level in the order queue in exchange for the paid fee.

Abstract translation: 描述用于在电子交易环境中交易订单优先级的系统和方法。 在一个实施例中，愿意将订单从订单队列中的高优先级移动到较低优先级的交易者可以宣布他愿意这样做，并且其他交易者可以对高优先级进行出价。 在这样的实施例中，例如，首先收到最高出价的投标人或首先收到的投标人可以获得订单队列中的高优先级，以换取付费费用。

公开(公告)号：US20110282775A1

公开(公告)日：2011-11-17

申请号：US13189513

申请日：2011-07-24

Applicant: Fred Monroe ,  Michael J. Burns ,  Scott F. Singer

Inventor： Fred Monroe ,  Michael J. Burns ,  Scott F. Singer

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06Q40/00 ,  G06Q40/06

Abstract: Market depth information pertaining to the hedging side is utilized to intelligently break a non-hedging order into multiple orders, such that the orders rest at cascading price levels. This way, the trader can benefit from sweeps in the book and still properly account for the market depth on the hedging side. Further, there is a greater probability of receiving “partials” on the spread order. In addition, hedge orders may be sent at multiple price levels, or sent to the market in pieces over time. By applying a more intelligent process to hedge orders (as opposed to “fire and forget”) an alternative beyond limit orders that can be leged or market orders is provided.

Abstract translation: 利用与对冲方有关的市场深度信息来智能地将非对冲订单分解成多个订单，使得订单以级联价格水平搁置。 这样，交易者可以从书中的扫描中受益，仍然适当地考虑对冲市场的深度。 此外，在扩展订单上接收“部分”的可能性更大。 此外，套期订单可能会以多个价格水平发送，或随时间发送到市场。 通过应用更聪明的流程来对冲订单（而不是“火灾和忘记”），超出限制订单的替代方案，可以限制或提供市场订单。

公开(公告)号：US07908213B2

公开(公告)日：2011-03-15

申请号：US11416473

申请日：2006-05-02

Applicant: Fred Monroe ,  Harris C. Brumfield

Inventor： Fred Monroe ,  Harris C. Brumfield

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06Q20/10

Abstract: A system and method is described herein for an exchange to act based on a market event on behalf of a trader. According to one aspect, a first electronic market can send orders to and/or manage orders at a second electronic market based on an internal and/or external market event on behalf of a trader. According to another aspect, an electronic market may manage orders in its own market based on an external market event on behalf of a trader. In particular, a trader, and exchange, or some other party can define an internal or external market event that comprises a condition and an action. Upon receiving internal and/or external information, when the market event condition is satisfied, the electronic market performs the action associated with the condition. An advantage, among many others, of the present embodiments is that it makes internal and external market influences and conditions visible to electronic markets to facilitate trading on behalf of a trader.

Abstract translation: 这里描述了一种系统和方法，用于代表交易者基于市场事件来进行交易。 根据一方面，第一电子市场可以代表交易者基于内部和/或外部市场事件在第二电子市场发送订单和/或管理订单。 另一方面，电子市场可以代表一个交易者在外部市场事件的基础上管理自己市场的订单。 特别地，交易者，交易所或其他方可以定义包含条件和行为的内部或外部市场事件。 在收到内部和/或外部信息后，当市场事件条件满足时，电子市场将执行与条件相关的动作。 本实施例的优点在于，它使得内部和外部市场的影响和条件对电子市场是可见的，以促进代表交易者的交易。

公开(公告)号：US20090006244A1

公开(公告)日：2009-01-01

申请号：US12164859

申请日：2008-06-30

Applicant: Gary Allan Kemp, II ,  Jens-Uwe Schluetter ,  Mike Burns ,  Scott Singer ,  Fred Monroe ,  David Babulak ,  Harris Brumfield

Inventor： Gary Allan Kemp, II ,  Jens-Uwe Schluetter ,  Mike Burns ,  Scott Singer ,  Fred Monroe ,  David Babulak ,  Harris Brumfield

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06Q30/0283 ,  G06Q40/00 ,  G06Q40/025 ,  G06Q40/06

Abstract: The present embodiments are provided to facilitate the automatic trading of spreads in a fast and accurate manner. One or more market data feeds that contain market information for tradeable objects are received at an exchange. A spread data feed is generated in response to the market data feeds and from one or more spread setting parameters, which can be entered by a user. The spread data feed is preferably displayed in a spread window as bid and ask quantities associated with an axis or scale of prices. The user can enter orders in the spread window and the legs will be automatically worked to achieve, or attempt to achieve, the spread. In addition, other tools disclosed herein may be utilized to assist the user in making such trades.

Abstract translation: 提供本实施例以便于以快速和准确的方式自动交易差价。 在交易所接收到一个或多个包含可交易对象的市场信息的市场数据Feed。 响应于市场数据馈送和可由用户输入的一个或多个扩展设置参数生成扩展数据馈送。 扩展数据馈送优选地在展开窗口中显示，作为出价并询问与轴或价格尺度相关联的数量。 用户可以在扩展窗口中输入订单，并且将自动进行双腿实现或尝试实现传播。 此外，本文公开的其他工具可以用于帮助用户进行这种交易。

公开(公告)号：US07437325B2

公开(公告)日：2008-10-14

申请号：US10137979

申请日：2002-05-03

Applicant: Gary Allen Kemp, II ,  Jens-Uwe Schluetter ,  Michael Burns ,  Scott Singer ,  Fred Monroe ,  David Babulak ,  Harris Brumfield

Inventor： Gary Allen Kemp, II ,  Jens-Uwe Schluetter ,  Michael Burns ,  Scott Singer ,  Fred Monroe ,  David Babulak ,  Harris Brumfield

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06Q30/0283 ,  G06Q40/00 ,  G06Q40/025 ,  G06Q40/06

Abstract: The present embodiments are provided to facilitate the automatic trading of spreads in a fast and accurate manner. One or more market data feeds that contain market information for tradeable objects are received at an exchange. A spread data feed is generated in response to the market data feeds and from one or more spread setting parameters, which can be entered by a user. The spread data feed is preferably displayed in a spread window as bid and ask quantities associated with an axis or scale of prices. The user can enter orders in the spread window and the legs will be automatically worked to achieve, or attempt to achieve, the spread. In addition, other tools disclosed herein may be utilized to assist the user in making such trades.

Abstract translation: 提供本实施例以便于以快速和准确的方式自动交易差价。 在交易所接收到一个或多个包含可交易对象的市场信息的市场数据Feed。 响应于市场数据馈送和可由用户输入的一个或多个扩展设置参数生成扩展数据馈送。 扩展数据馈送优选地在展开窗口中显示，作为出价并询问与轴或价格尺度相关联的数量。 用户可以在扩展窗口中输入订单，并且将自动进行双腿实现或尝试实现传播。 此外，本文公开的其他工具可以用于帮助用户进行这种交易。

公开(公告)号：US08326741B2

公开(公告)日：2012-12-04

申请号：US13338803

申请日：2011-12-28

Applicant: Michael J. Burns ,  Fred Monroe

Inventor： Michael J. Burns ,  Fred Monroe

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06Q20/382 ,  G06Q40/00 ,  G06Q40/025

Abstract: A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions.

Abstract translation: 本文描述了一种交易系统，用于托管一个或多个电子交易所的集合。 电子交易所的收集可以由一个或多个授权和管理机构的单独指定的交易所组成。 交易系统从交易商处收到投标以购买和出售在其中一个电子交易所上市的可交易对象。 然后，交易系统将出价和报价指引到适当的交易所，投标和报价可能会在相应的市场自动匹配。 交易系统也可以用代表一个交易者在交易系统的内部和外部的一个或多个市场上采取行动，使用预先编程的交易指令。

公开(公告)号：US20120271750A1

公开(公告)日：2012-10-25

申请号：US13537662

申请日：2012-06-29

Applicant: Fred Monroe ,  Michael J. Burns ,  Scott F. Singer

Inventor： Fred Monroe ,  Michael J. Burns ,  Scott F. Singer

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06Q40/00 ,  G06Q40/06

Abstract: Market depth information pertaining to the hedging side is utilized to intelligently break a non-hedging order into multiple orders, such that the orders rest at cascading price levels. This way, the trader can benefit from sweeps in the book and still properly account for the market depth on the hedging side. Further, there is a greater probability of receiving “partials” on the spread order. In addition, hedge orders may be sent at multiple price levels, or sent to the market in pieces over time. By applying a more intelligent process to hedge orders (as opposed to “fire and forget”) an alternative beyond limit orders that can be logged or market orders is provided.

Abstract translation: 利用与对冲方有关的市场深度信息来智能地将非对冲订单分解成多个订单，使得订单以级联价格水平搁置。 这样，交易者可以从书中的扫描中受益，仍然适当地考虑对冲市场的深度。 此外，在扩展订单上接收部分的可能性更大。 此外，套期订单可能会以多个价格水平发送，或随时间发送到市场。 通过应用更聪明的流程来对冲订单（而不是火灾和忘记）替代超出可以记录的限价订单或提供市场订单的替代方案。

公开(公告)号：US20120166330A1

公开(公告)日：2012-06-28

申请号：US13416011

申请日：2012-03-09

Applicant: Gary Allan Kemp, II ,  Jens-Uwe Schluetter ,  Mike Burns ,  Scott Singer ,  Fred Monroe ,  David Babulak ,  Harris Brumfield

Inventor： Gary Allan Kemp, II ,  Jens-Uwe Schluetter ,  Mike Burns ,  Scott Singer ,  Fred Monroe ,  David Babulak ,  Harris Brumfield

IPC: G06Q40/04

CPC classification number: G06Q40/04 ,  G06Q30/0283 ,  G06Q40/00 ,  G06Q40/025 ,  G06Q40/06

Abstract: The present embodiments are provided to facilitate the automatic trading of spreads in a fast and accurate manner. One or more market data feeds that contain market information for tradeable objects are received at an exchange. A spread data feed is generated in response to the market data feeds and from one or more spread setting parameters, which can be entered by a user. The spread data feed is preferably displayed in a spread window as bid and ask quantities associated with an axis or scale of prices. The user can enter orders in the spread window and the legs will be automatically worked to achieve, or attempt to achieve, the spread. In addition, other tools disclosed herein may be utilized to assist the user in making such trades.

Abstract translation: 提供本实施例以便于以快速和准确的方式自动交易差价。 在交易所接收到一个或多个包含可交易对象的市场信息的市场数据Feed。 响应于市场数据馈送和可由用户输入的一个或多个扩展设置参数生成扩展数据馈送。 扩展数据馈送优选地在展开窗口中显示，作为出价并询问与轴或价格尺度相关联的数量。 用户可以在扩展窗口中输入订单，并且将自动进行双腿实现或尝试实现传播。 此外，本文公开的其他工具可以用于帮助用户进行这种交易。

公开(公告)号：US20120066115A1

公开(公告)日：2012-03-15

申请号：US13301719

申请日：2011-11-21

Applicant: Fred Monroe

Inventor： Fred Monroe

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: A system and method for trading order priority levels in an electronic trading environment are described. In one embodiment, a trader who is willing to have his order moved from a high priority level to a lower priority level in an order queue may advertise his willingness to do so, and other traders can place bids for the high priority level. In such an embodiment, for example, a bidder who places the highest bid or whose bid is received first may get the high priority level in the order queue in exchange for the paid fee.