Order matching system

Scheduling execution of orders is provided. An order system can enable users to define and modify buy/sell order schedules. The order system can use the order schedules and associated evaluation heuristics to evaluate and update order characteristics such as price and quantity based on user-specifie...

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Bibliographische Detailangaben
Hauptverfasser: MARKS DE CHABRIS ANDREW, MARKS DE CHABRIS GLORIANA
Format: Patent
Sprache:eng
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Zusammenfassung:Scheduling execution of orders is provided. An order system can enable users to define and modify buy/sell order schedules. The order system can use the order schedules and associated evaluation heuristics to evaluate and update order characteristics such as price and quantity based on user-specified criteria. An order manager, utilizing a schedule supervisor server, can maintain a database containing order schedules and order status information, and execute variable evaluations based on the order schedules and associated evaluation heuristics. A transaction supervisor server can monitor the status of order fills and update the database periodically.