SYSTEM AND METHOD FOR MATCHING ONE OR MORE INCOMING ORDER TO A STANDING ORDER BASED ON MULTIPLE ORDER PRIORITY

SYSTEM AND METHOD FOR MATCHING ONE OR MORE INCOMING ORDER TO A STANDING ORDER BASED ON MULTIPLE ORDER PRIORITY

A method of order allocation, including the steps of receiving an incoming order, establishing a quantity cap related to a quantity of lots and if the plurality of lots associated with the received at least one order is less than or equal to the quantity cap, designating at least a portion of the pl...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: CZUPEK, ANDREW P, MCCABE, THOMAS G, KANE, TROY C, KRONSTEIN, JONATHAN G, WOLF, BRIAN M, CUBA, DONALD M, DURKIN, BRYAN T
Format: Patent
Sprache:eng ; fre
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A method of order allocation, including the steps of receiving an incoming order, establishing a quantity cap related to a quantity of lots and if the plurality of lots associated with the received at least one order is less than or equal to the quantity cap, designating at least a portion of the plurality of lots as a priority portion, allocating the priority portion with a first allocation algorithm, and allocating any remaining portions with a second allocation algorithms, utilizing algorithms such as FIFO and pro-rata algorithms