WO2006065494A3 - Controlling an order slicer for trading a financial instrument - Google Patents

Controlling an order slicer for trading a financial instrument Download PDF

Info

Publication number
WO2006065494A3
WO2006065494A3 PCT/US2005/042735 US2005042735W WO2006065494A3 WO 2006065494 A3 WO2006065494 A3 WO 2006065494A3 US 2005042735 W US2005042735 W US 2005042735W WO 2006065494 A3 WO2006065494 A3 WO 2006065494A3
Authority
WO
WIPO (PCT)
Prior art keywords
order
financial instrument
trading
controlling
order slicer
Prior art date
Application number
PCT/US2005/042735
Other languages
French (fr)
Other versions
WO2006065494A2 (en
Inventor
Peter Hansen
Lars Kragh
Nicolay Landmark
Original Assignee
Nyfix Inc
Peter Hansen
Lars Kragh
Nicolay Landmark
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 Nyfix Inc, Peter Hansen, Lars Kragh, Nicolay Landmark filed Critical Nyfix Inc
Priority to AU2005316891A priority Critical patent/AU2005316891B2/en
Priority to CA2590069A priority patent/CA2590069C/en
Priority to EP05825500A priority patent/EP1839252A4/en
Priority to JP2007545508A priority patent/JP4929184B2/en
Publication of WO2006065494A2 publication Critical patent/WO2006065494A2/en
Publication of WO2006065494A3 publication Critical patent/WO2006065494A3/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
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
    • 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
    • G06Q40/06—Asset management; Financial planning or analysis

Abstract

In one aspect, the present invention provides an order slicer (120) that receives an order that to trade a financial instrument. The order associates a trading strategy (131) with said order. The trading strategy (131) is replaceable. In another aspect, an interface accepts a trading strategy (131) of an order to trade a financial instrument. A transmitter transmits the trading strategy (131) to an order slicer (120).
PCT/US2005/042735 2004-12-10 2005-11-23 Controlling an order slicer for trading a financial instrument WO2006065494A2 (en)

Priority Applications (4)

Application Number Priority Date Filing Date Title
AU2005316891A AU2005316891B2 (en) 2004-12-10 2005-11-23 Controlling an order slicer for trading a financial instrument
CA2590069A CA2590069C (en) 2004-12-10 2005-11-23 Controlling an order slicer for trading a financial instrument
EP05825500A EP1839252A4 (en) 2004-12-10 2005-11-23 Controlling an order slicer for trading a financial instrument
JP2007545508A JP4929184B2 (en) 2004-12-10 2005-11-23 Stock trading order slicer computer apparatus and computing device

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US11/009,194 2004-12-10
US11/009,194 US8140423B2 (en) 2004-12-10 2004-12-10 Controlling an order slicer for trading a financial instrument

Publications (2)

Publication Number Publication Date
WO2006065494A2 WO2006065494A2 (en) 2006-06-22
WO2006065494A3 true WO2006065494A3 (en) 2007-01-18

Family

ID=36585239

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2005/042735 WO2006065494A2 (en) 2004-12-10 2005-11-23 Controlling an order slicer for trading a financial instrument

Country Status (7)

Country Link
US (3) US8140423B2 (en)
EP (2) EP2428929A1 (en)
JP (1) JP4929184B2 (en)
CN (1) CN101120371A (en)
AU (1) AU2005316891B2 (en)
CA (1) CA2590069C (en)
WO (1) WO2006065494A2 (en)

Families Citing this family (26)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7647266B1 (en) * 2004-03-24 2010-01-12 Trading Technologies International, Inc. System and method for holding and sending an order to a matching engine
US8140423B2 (en) * 2004-12-10 2012-03-20 Nyfix, Inc. Controlling an order slicer for trading a financial instrument
US7487125B2 (en) * 2005-01-14 2009-02-03 Littlewood Margaret G Method for providing aggregation of trading on multiple alternative trading systems
JP2008209987A (en) * 2007-02-23 2008-09-11 Nomura Research Institute Ltd Automatic execution system for transaction of securities
JP2008209986A (en) * 2007-02-23 2008-09-11 Nomura Research Institute Ltd Automatic execution system for transaction of securities
US8249977B2 (en) * 2008-05-28 2012-08-21 Trading Technologies International, Inc. System and method for aggressively trading a strategy in an electronic trading environment
US8170949B2 (en) * 2008-08-11 2012-05-01 Bgc Partners, Inc. Products and processes for order distribution
JP5361456B2 (en) * 2009-03-06 2013-12-04 株式会社野村総合研究所 Securities transaction automatic execution system
MX337624B (en) 2009-12-10 2016-03-11 Royal Bank Of Canada Synchronized processing of data by networked computing resources.
US9959572B2 (en) 2009-12-10 2018-05-01 Royal Bank Of Canada Coordinated processing of data by networked computing resources
US10057333B2 (en) 2009-12-10 2018-08-21 Royal Bank Of Canada Coordinated processing of data by networked computing resources
US9940670B2 (en) 2009-12-10 2018-04-10 Royal Bank Of Canada Synchronized processing of data by networked computing resources
US9979589B2 (en) 2009-12-10 2018-05-22 Royal Bank Of Canada Coordinated processing of data by networked computing resources
US8417615B2 (en) * 2010-01-19 2013-04-09 Ronald L. Johannes Methods and systems for computing trading strategies for use in portfolio management and computing associated probability distributions for use in option pricing
US8781946B2 (en) * 2010-07-14 2014-07-15 Trading Technologies International, Inc. Distributed server side device architecture
WO2012064742A2 (en) * 2010-11-08 2012-05-18 Blockcross Holdings, Llc Trade implementation and analytics system
US8732067B2 (en) * 2012-03-09 2014-05-20 Trading Technologies International, Inc Slicer order quantity reduction tool
US9779454B2 (en) * 2012-12-20 2017-10-03 Trading Technologies International, Inc. Speed adjustable and reversible tool for slicer orders
US20140279348A1 (en) * 2013-03-15 2014-09-18 Td Ameritrade Ip Company, Inc. Trading interface for single-click open order cancel-replace
US10540715B2 (en) * 2013-07-24 2020-01-21 Td Ameritrade Ip Company, Inc. Automated options trading system that generates a flattened trading spread
US20160180459A1 (en) * 2014-12-18 2016-06-23 Trading Technologies International Inc. Slicer order management tool
KR20210058907A (en) 2018-09-14 2021-05-24 엘레먼트 에이아이 인크. Transaction schedule management system
EP3881461A4 (en) * 2018-11-14 2022-08-10 Skywave Networks LLC Communication system and method of using variable-length messages
US11734757B2 (en) * 2020-04-14 2023-08-22 Banque Nationale Du Canada Computer implemented method and system for automating analysis of profit and loss (PnL) variations based on market events
JP2022108187A (en) * 2021-01-12 2022-07-25 富士通株式会社 Execution program, execution method, and information processing apparatus
US11354741B1 (en) 2021-02-15 2022-06-07 Chicago Mercantile Exchange Inc. User interface enabling unconstrained data inputs to a constrained system

Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6289321B1 (en) * 1998-11-10 2001-09-11 Shigeru Suganuma Device to detect stock names having the highest current value and its methods for use
US20010056391A1 (en) * 2000-01-14 2001-12-27 Schultz Frederick J. Method and apparatus for managing and optimizing stock options
US20040049443A1 (en) * 2002-07-01 2004-03-11 Marcus Jeffrey S. Quantitative method and system for short-term trading of stocks
US20040133500A1 (en) * 2000-06-22 2004-07-08 Globaltec Solutions, Llp Apparatus and method for displaying trading trends

Family Cites Families (53)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5297031A (en) * 1990-03-06 1994-03-22 Chicago Board Of Trade Method and apparatus for order management by market brokers
US5347452A (en) * 1991-07-12 1994-09-13 Bay Jr William P Method for providing a visual display of current trading volume and cumulative average trading volume for preselected time intervals
JPH06236383A (en) * 1993-02-10 1994-08-23 Hitachi Ltd Position optimizing method and system
US6493682B1 (en) * 1998-09-15 2002-12-10 Pendelton Trading Systems, Inc. Optimal order choice: evaluating uncertain discounted trading alternatives
US6408282B1 (en) * 1999-03-01 2002-06-18 Wit Capital Corp. System and method for conducting securities transactions over a computer network
US6993504B1 (en) * 1999-04-09 2006-01-31 Trading Technologies International, Inc. User interface for semi-fungible trading
US7742972B2 (en) * 1999-07-21 2010-06-22 Longitude Llc Enhanced parimutuel wagering
US7613647B1 (en) * 2000-01-19 2009-11-03 Itg Software Solutions, Inc. System and method for executing strategy security trading
US7318045B2 (en) * 2000-02-29 2008-01-08 Accenture Llp Event-driven trade link between trading and clearing systems
US7685052B2 (en) * 2000-06-01 2010-03-23 Pipeline Financial Group, Inc. Confidential block trading system and method
US7330834B1 (en) * 2000-10-05 2008-02-12 Novaplex Technologies, Inc. System and method for electronic trading of assets
US7305361B2 (en) * 2000-10-14 2007-12-04 Goldman Sachs & Co. Apparatus, methods and articles of manufacture for constructing and executing computerized transaction processes and programs
US7110974B1 (en) * 2000-11-03 2006-09-19 Lehman Brothers Inc Tool for estimating a cost of a trade
US20030208427A1 (en) * 2000-12-13 2003-11-06 Dirk Peters Automated investment advisory software and method
US7406443B1 (en) * 2000-12-18 2008-07-29 Powerloom Method and system for multi-dimensional trading
US7363269B2 (en) * 2001-01-03 2008-04-22 Ebs Group Limited Conversational dealing system
WO2002077759A2 (en) * 2001-03-20 2002-10-03 Dealigence Inc. Negotiating platform
US7818224B2 (en) * 2001-03-22 2010-10-19 Boerner Sean T Method and system to identify discrete trends in time series
US6983260B2 (en) * 2001-04-06 2006-01-03 Omx Technology Ab Automated exchange system for trading orders having a hidden volume
US7243083B2 (en) * 2001-06-14 2007-07-10 Trading Technologies International, Inc. Electronic spread trading tool
US7418416B2 (en) * 2001-06-20 2008-08-26 Morgan Stanley Gamma trading tool
US20030177126A1 (en) * 2001-09-21 2003-09-18 Weingard Fred S. Volume weighted average price system and method
EP1504385A4 (en) * 2001-12-05 2008-12-03 Xchange Advantage Inc E Method and system for managing distributed trading data
US7299208B1 (en) * 2002-04-05 2007-11-20 Goldman Sachs & Co. Apparatus and system for defining an automated spread trading parameter
US7974906B2 (en) * 2002-06-12 2011-07-05 Itg Software Solutions, Inc. System and method for estimating and optimizing transaction costs
US9805417B2 (en) * 2002-06-19 2017-10-31 Trading Technologies International, Inc. System and method for automated trading
US7974909B1 (en) * 2002-08-28 2011-07-05 Celeritasworks, Llc System and method for making trades
CN1578936A (en) * 2002-08-29 2005-02-09 本田技研工业株式会社 Back order management system
US7596523B2 (en) * 2002-09-09 2009-09-29 Barra, Inc. Method and apparatus for network-based portfolio management and risk-analysis
US7548876B2 (en) * 2002-10-02 2009-06-16 Espeed, Inc. Systems and methods for providing volume-weighted average price auction trading
US20040236669A1 (en) * 2003-04-18 2004-11-25 Trade Robot Limited Method and system for automated electronic trading in financial matters
US20040236662A1 (en) * 2003-05-20 2004-11-25 Korhammer Richard A. Automated system for routing orders for financial instruments among permissioned users
US7437326B2 (en) * 2003-06-02 2008-10-14 Fmr Corp. Securities trading simulation
US8306900B2 (en) * 2003-06-10 2012-11-06 Itg Software Solutions, Inc. System, method, and computer program product for executing a buy or sell order
US7761388B2 (en) * 2003-06-16 2010-07-20 Fmr Llc Predicting a future price range for a desired volume
GB2406923A (en) * 2003-10-09 2005-04-13 Duvacy Ltd Computer implemented trading system
CA2484813A1 (en) * 2003-10-17 2005-04-17 Espeed, Inc. Systems and methods for providing enhanced volume-weighted average price trading
US20050125326A1 (en) * 2003-12-04 2005-06-09 Rishi Nangalia Methods and apparatus for routing securities orders
US7734528B1 (en) * 2003-12-12 2010-06-08 Trading Technologies International, Inc. System and method for event-based trading
US20060136318A1 (en) * 2004-01-21 2006-06-22 Lava Trading Inc. Automated system for routing orders for financial instruments
US20050222936A1 (en) * 2004-03-31 2005-10-06 Lava Trading Inc. Cross-trading system
US20050234790A1 (en) * 2004-04-14 2005-10-20 International Business Machines Corporation Scaling order matching beyond one processor in exchange systems
US7647264B2 (en) * 2004-04-28 2010-01-12 The Nasdaq Omx Group, Inc. Closing in an electronic market
US20050273424A1 (en) * 2004-05-07 2005-12-08 Silverman Andrew F Methods and apparatus for pre-trade analysis
US20050273419A1 (en) * 2004-06-08 2005-12-08 Lava Trading Inc. Method for executing block orders of commodities
US20060036532A1 (en) * 2004-07-14 2006-02-16 Silverman Andrew F Methods and apparatus for executing small size orders
US20070083456A1 (en) * 2004-08-10 2007-04-12 Akers Wayne S Algorithmic trading
US8015098B2 (en) * 2004-09-15 2011-09-06 The Nasdaq Omx Group, Inc. Sell-side benchmarking of security trading
US20060143099A1 (en) * 2004-09-23 2006-06-29 Daniel Partlow System, method, and computer program for creating and valuing financial insturments linked to average credit spreads
JP2008515118A (en) * 2004-09-30 2008-05-08 リーマン・ブラザーズ・インコーポレーテッド System and method for basket trading and transaction allocation
US20060085319A1 (en) * 2004-10-19 2006-04-20 Rishi Nangalia Methods and apparatus for routing options orders
US8140423B2 (en) * 2004-12-10 2012-03-20 Nyfix, Inc. Controlling an order slicer for trading a financial instrument
US7574388B1 (en) * 2005-06-03 2009-08-11 Trading Technologies International, Inc. Time market grid interface

Patent Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6289321B1 (en) * 1998-11-10 2001-09-11 Shigeru Suganuma Device to detect stock names having the highest current value and its methods for use
US20010056391A1 (en) * 2000-01-14 2001-12-27 Schultz Frederick J. Method and apparatus for managing and optimizing stock options
US20040133500A1 (en) * 2000-06-22 2004-07-08 Globaltec Solutions, Llp Apparatus and method for displaying trading trends
US20040049443A1 (en) * 2002-07-01 2004-03-11 Marcus Jeffrey S. Quantitative method and system for short-term trading of stocks

Non-Patent Citations (1)

* Cited by examiner, † Cited by third party
Title
See also references of EP1839252A4 *

Also Published As

Publication number Publication date
WO2006065494A2 (en) 2006-06-22
CN101120371A (en) 2008-02-06
JP4929184B2 (en) 2012-05-09
EP2428929A1 (en) 2012-03-14
US8290855B2 (en) 2012-10-16
EP1839252A4 (en) 2009-07-22
CA2590069C (en) 2016-07-05
JP2008523501A (en) 2008-07-03
AU2005316891B2 (en) 2011-10-27
US20120179629A1 (en) 2012-07-12
US20060129473A1 (en) 2006-06-15
CA2590069A1 (en) 2006-06-22
AU2005316891A1 (en) 2006-06-22
EP1839252A2 (en) 2007-10-03
US20120197778A1 (en) 2012-08-02
US8392319B2 (en) 2013-03-05
US8140423B2 (en) 2012-03-20

Similar Documents

Publication Publication Date Title
WO2006065494A3 (en) Controlling an order slicer for trading a financial instrument
WO2007103574A3 (en) Dynamic credit score alteration
EP1894087A4 (en) User interface for web analytics tools and methods for automatic generation of calendar notes, targets and alerts
MX2008001535A (en) Carton having multi-ply handle.
WO2004049794A3 (en) Single chain antibodies produced in a transgenic mouse
WO2007130155A3 (en) Multi priority messaging
WO2007076543A3 (en) Methods and apparatuses for tracking progress of an invited participant
WO2002010725A3 (en) Method for non-invasively determining the concentration of an analyte by compensating for the effect of tissue hydration
WO2005096762A3 (en) Systems and methods of electronic trading using automatic book updates
EP2006042A4 (en) Throwaway drill, insert for throwaway drill, and cutting method using the throwaway drill
WO2007101700A3 (en) Method for providing certain information
WO2003093441A3 (en) A method of regulating gene expression
WO2005081912A3 (en) Money market exchange traded funds
WO2008001292A3 (en) Multi-ply fibrous structures and products employing same
SI1827744T1 (en) Cutting tool and cutting insert therefor
WO2007053597A3 (en) An anticorrosive paper or paperboard material
WO2009016257A3 (en) Method for producing an acidified milk drink
WO2006053151A3 (en) System and method for valuing stocks
AU2003282876A1 (en) Dynamic computer software for trading securities
WO2006041297A3 (en) Tissue container, and device and method for providing such a tissue container with data
WO2004113236A3 (en) Uncoupling agents
WO2006025850A3 (en) Method of detecting coliform bacteria from reflected light
WO2009027275A3 (en) A method and system for monitoring the status of a transmission mechanism
WO2008093237A3 (en) System and method for determining profitability of stock investments
WO2004092481A3 (en) Method for the treatment of paper surfaces

Legal Events

Date Code Title Description
AK Designated states

Kind code of ref document: A2

Designated state(s): AE AG AL AM AT AU AZ BA BB BG BR BW BY BZ CA CH CN CO CR CU CZ DE DK DM DZ EC EE EG ES FI GB GD GE GH GM HR HU ID IL IN IS JP KE KG KM KN KP KR KZ LC LK LR LS LT LU LV LY MA MD MG MK MN MW MX MZ NA NG NI NO NZ OM PG PH PL PT RO RU SC SD SE SG SK SL SM SY TJ TM TN TR TT TZ UA UG US UZ VC VN YU ZA ZM ZW

AL Designated countries for regional patents

Kind code of ref document: A2

Designated state(s): BW GH GM KE LS MW MZ NA SD SL SZ TZ UG ZM ZW AM AZ BY KG KZ MD RU TJ TM AT BE BG CH CY CZ DE DK EE ES FI FR GB GR HU IE IS IT LT LU LV MC NL PL PT RO SE SI SK TR BF BJ CF CG CI CM GA GN GQ GW ML MR NE SN TD TG

121 Ep: the epo has been informed by wipo that ep was designated in this application
DPE2 Request for preliminary examination filed before expiration of 19th month from priority date (pct application filed from 20040101)
WWE Wipo information: entry into national phase

Ref document number: 2005825500

Country of ref document: EP

Ref document number: 2007545508

Country of ref document: JP

Ref document number: 2590069

Country of ref document: CA

Ref document number: 2005316891

Country of ref document: AU

NENP Non-entry into the national phase

Ref country code: DE

ENP Entry into the national phase

Ref document number: 2005316891

Country of ref document: AU

Date of ref document: 20051123

Kind code of ref document: A

WWP Wipo information: published in national office

Ref document number: 2005316891

Country of ref document: AU

WWE Wipo information: entry into national phase

Ref document number: 200580046533.2

Country of ref document: CN

WWP Wipo information: published in national office

Ref document number: 2005825500

Country of ref document: EP