SYSTEM AND METHOD OF ALLOCATING AN INCOMING ORDER TO STANDING ORDERS
A method of allocating a quantity of an incoming order to a plurality of standing orders, wherein the plurality of standing orders are contra to the incoming order and have an identical price is disclosed. The method includes allocating a first portion of the quantity of the incoming order to a firs...
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Format: | Patent |
Sprache: | eng |
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Zusammenfassung: | A method of allocating a quantity of an incoming order to a plurality of standing orders, wherein the plurality of standing orders are contra to the incoming order and have an identical price is disclosed. The method includes allocating a first portion of the quantity of the incoming order to a first subset of the plurality of standing orders, wherein each order comprising the first subset is designated with a priority; allocating a second portion of the quantity of the incoming order to a second subset of the plurality of standing orders, wherein each order comprising the second subset was submitted by a preferred trader; allocating a third portion of the quantity of the incoming order to a third subset of the plurality of standing orders in accordance with when each order comprising the third subset was received; and allocating a fourth portion of the quantity of the incoming order to a fourth subset of the plurality of standing order proportionally. |
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