Title:
THROTTLING OF MODIFICATION MESSAGE
Document Type and Number:
Japanese Patent JP2017054528
Kind Code:
A
Abstract:
PROBLEM TO BE SOLVED: To provide a method for intelligently throttling a modification message on the basis of a period of time that a trade order is required to remain in a market.SOLUTION: Intelligently throttling a modification message includes intelligently selecting transmission time of the modification message on the basis of a period of time that a trade order is required to remain in a market. The modification message is transmitted at the selected time to ensure that the modification order is received at an electronic exchange when the period of time has expire or shortly after that time, As a result, the modification order is accepted (e.g., not rejected) by the electronic exchange. The modification order does not need to be resent to the electronic exchange.SELECTED DRAWING: None
Inventors:
MICHAEL UNETICH
Application Number:
JP2016212754A
Publication Date:
March 16, 2017
Filing Date:
October 31, 2016
Export Citation:
Assignee:
TRADING TECHNOLOGIES INT INC
International Classes:
G06Q40/04
Attorney, Agent or Firm:
Takuji Yamada
Mitsuo Tanaka
Hiroshi Okabe
Mitsuo Tanaka
Hiroshi Okabe
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