Interactive Brokers LLC

Boston Options Exchange Group, LLC

Thomas Pechy Peterffy

Milan Galik

Dennis Stetsenko

Emerito Medalla

Takae E Whitmore

Ken Leibler

David Bowman

Luc Bertrand

Eugene Balkovski

Jonathan Chait

Display screen or portion thereof with a graphical user interface

Disclosed embodiments include computer-implemented methods and systems that permit a market participant to automatically trade a relatively large order block order to accumulate or distribute securities as multiple, relatively smaller, component orders based on order parameters and subject to conditions for the placing and/or execution of such component orders. The component orders may continue automatically, without the need for further intervention from the market participant, until the total quantity specified by the market participant is accumulated or distributed.

Computerized method and system for accumulation and distribution of securities

Computer-implemented methods and systems, including a user interface, that (a) calculate and display a graphical representation of a market implied probability distribution for the future prices of a tradable asset, which is derived from real time prices of the options on the asset, (b) permit the user to customize the market implied probability distribution graph to reflect the user's own view on the probability that the future price of the asset will be within a price range, and (c) propose an optimal trading strategy implemented as a combination of option orders, which strategy is optimized to be profitable assuming the customized probability distribution (if any). The combination orders may be modified and/or added to by the user.

Electronic trading system utilizing user-customized implied probability distributions and graphical user interface for same

Disclosed embodiments include computer-implemented methods and systems that permit a market participant to automatically scale a block order into relatively smaller, incrementally priced scale trade component orders based on scale order parameters (such as price and size) provided by the market participant. The scale orders may continue automatically, without the need for further intervention from the market participant, until the total number of shares specified by the market participant is accumulated or sold. Some embodiments also permit the marker participant to automatically submit opposite-side profit-taking component orders against the market participant's original scale order components. The profit-taking orders can be automatically created and submitted when the original scale order component has executed.

Computerized method and system for scale trading

Disclosed embodiments include computer-implemented methods and systems that permit a market participant to automatically scale a block order into relatively smaller, incrementally priced scale trade component orders based on scale order parameters (such as price and size) provided by the market participant. The scale orders may continue automatically, without the need for further intervention from the market participant, until the total number of shares specified by the market participant is accumulated or sold. Some embodiments also permit the market participant to automatically submit opposite-side profit-taking component orders against the market participant's original scale order components. The profit-taking orders can be automatically created and submitted when the original scale order component has executed.

The embodiments of the invention provide a novel financial instrument and system and method for creating, listing, purchase and sale, and trading said financial instrument wherein the instrument comprises a security futures contract with a selectable expiration date. A request for quotes process is also provided, which in one embodiment permits the creation and listing of a security futures contract with a selectable expiration date. A method and system for permitting the automated entry of an exchange-for-physicals (EFP) trade including a security futures contract with a selectable expiration date is also provided.

Security futures contract with selectable expiration and method and system for the creation, listing, purchase and sale, and trading of the same

Techniques for creating a complex order and routing the complex order to one or more exchanges to achieve optimal pricing without exposing the customer to the conventional legging risks associated with the trading of complex orders are provided. The trading system of the present disclosure provides this mechanism by routing the order to obtain the best possible price (see FIG.) and by accepting the risk of a partially executed order where one leg is executed and the other is not (see FIG.).

Inter-market smart-routing for combination spread order trading

A price improvement processor to effectuate more rapid matching of bids and offers of financial instruments by conducting a rapid automated auction in which certain market participants may provide price improvement in increments that are finer than the prevailing standard minimum price variation and are provided a certain allocation as an incentive for such price improvements.

Price improvement processor for electronic trading of financial instruments

A system and method for trading financial instruments from a master account having a plurality of sub-accounts. A user defines an account group, which includes a plurality of sub-accounts, and the user selects an allocation model for the account group from a group of allocation models. After executing an order of financial instruments for the account group, the order is allocated to the sub-accounts using the allocation model. Prior to executing the order, a financial capability of the account group to execute the order using a primary allocation model is evaluated, and a secondary allocation model is used if the order cannot be allocated using the primary allocation model. The financial capability of the account group may be evaluated in real-time, and a partially executed order may also be allocated to the sub-accounts in real-time. Upon the execution of the order being completed, the order is reallocated to the sub-accounts using the selected allocation model.

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Greenwich, CT, United States of America

Thomas Pechy Peterffy