System and method for avoiding transaction costs associated...

Details System and method for avoiding transaction costs associated... System and method for avoiding transaction costs associated...

G - Physics

06

Q

G06Q 30/00 (2006.01)

Patent

CA 2554250

A system for avoiding transaction costs associated with trading orders comprises a memory and a processor. The memory stores an order identifier associated with a trading order, and a time threshold associated with the trading order. The processor monitors the length of time the trading order is active with a market center that is processing the trading order. The processor further determines a timeout when the length of time the trading order is active with the market center equals or exceeds the time threshold. The processor then communicates a cancel instruction for the trading order in response to determining the timeout.

L'invention concerne un système permettant d'éviter les coûts de transaction associés aux ordres commerciaux, comprenant une mémoire et un processeur. La mémoire stocke un identificateur d'ordre associé à un ordre commercial, et un seuil temporel associé à l'ordre commercial. Le processeur surveille la durée pendant laquelle l'ordre commercial est actif avec une entité commerciale traitant l'ordre commercial. Le processeur détermine également une temporisation lorsque la durée pendant laquelle l'ordre commercial est actif avec l'entité commerciale est égale ou dépasse le seuil temporel. Le processeur communique alors une instruction d'annulation de l'ordre commercial en réponse à la détermination de la temporisation.

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