The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Sep. 24, 2013
Filed:
May. 03, 2006
Scott F. Singer, Lake Bluff, IL (US);
Steven J. Carroll, Wheeling, IL (US);
Michael J. Burns, Chicago, IL (US);
Scott F. Singer, Lake Bluff, IL (US);
Steven J. Carroll, Wheeling, IL (US);
Michael J. Burns, Chicago, IL (US);
Trading Technologies International, Inc., Chicago, IL (US);
Abstract
A system and method are provided to intelligently limit the frequency at which automated or semi-automated trading tools move or re-price orders in an exchange order book. A tolerance may be input that limits when one or more orders in the exchange order book are moved from one price to another. The system and method assist in reducing the number of orders that are entered into the system which can lead to reduced exchange transaction fees, lost queue position, and reduce network bandwidth consumption.