Granted Patent B2

US 12,567,109 · App. 18/744,442 · Granted Mar 3, 2026

Inventors: Stephan Brianti (Monaco, MC); Sagy Pundak Mintz (Tampa, FL)

Assignee: Trading Technologies International, Inc.

G06Q40/04G06Q40/06

Abstract

Claims (45)

1 . A method including:

receiving, at a computing device in communication with an electronic exchange, market data related to quantities available for a first object and a second object,

wherein the quantities are arranged according to a plurality of price levels for the first object and a plurality of price levels for the second object, and

wherein the computing device stores a target strategy price and a trading strategy for the first object and the second object;

determining a support value for a price level of the plurality of price levels for the second object based on the target strategy price and the received market data, wherein the determination includes:

iteratively determining beginning at an inside market price level of plurality of price levels the support value when the determined support value does not satisfy a desired support value representing a level of risk associated with leaning on the price level; and

wherein iteratively determining includes considering each price level away from the inside market price level until the support value for a first price level satisfies the desired support value;

determining a lean level based on the determined support value; and

sending a first message for the first object at a first price to the electronic exchange, wherein the first price is based on the definition for the trading strategy, the desired strategy price, and the determined lean level.

2 . The method of claim 1 , wherein the support value for a considered price level is determined based on the quantity available at the considered price level.

3 . The method of claim 2 , wherein the support value for a considered price level is determined based on a desired lean level quantity, wherein the desired lean level quantity is based on the definition for the trading strategy and a desired strategy quantity.

4 . The method of claim 3 , wherein the support value for a considered price level is determined to be a no support value when the desired lean level quantity is greater than a pre-determined percentage of the quantity available at the considered price level.

5 . The method of claim 1 , wherein the support value for a considered price level is determined based on the quantity available at a second price level of the plurality of price levels for the second tradeable object, wherein the second price level is different from the considered price level.

6 . The method of claim 5 , wherein the second price level is a subsequent price level away from the inside market from the considered price level.

7 . The method of claim 5 , wherein the support value for a considered price level is determined to be a no support value when the second price level has no quantity available.

8 . A non-transitory computer readable medium having stored therein instructions executable by a processor, including instructions executable to:

receive market data related to quantities available for a first object and a second object,

wherein the quantities are arranged according to a plurality of price levels for the first object and a plurality of price levels for the second object, and

wherein the non-transitory computer readable medium stores a target strategy price and a trading strategy for the first object and the second object;

determine a support value for a price level of the plurality of price levels for the second object based on the target strategy price and the received market data, wherein the determination includes:

iteratively determine beginning at an inside market price level of plurality of price levels the support value when the determined support value does not satisfy a desired support value representing a level of risk associated with leaning on the price level; and

wherein iteratively determining includes considering each price level away from the inside market price level until the support value for a first price level satisfies the desired support value;

determine a lean level based on the determined support value; and

send a first message for the first object at a first price to the electronic exchange, wherein the first price is based on the definition for the trading strategy, the desired strategy price, and the determined lean level.

9 . The non-transitory computer readable medium of claim 8 , wherein the support value for a considered price level is determined based on the quantity available at the considered price level.

10 . The non-transitory computer readable medium of claim 9 , wherein the support value for a considered price level is determined based on a desired lean level quantity, wherein the desired lean level quantity is based on the definition for the trading strategy and a desired strategy quantity.

11 . The non-transitory computer readable medium of claim 10 , wherein the support value for a considered price level is determined to be a no support value when the desired lean level quantity is greater than a pre-determined percentage of the quantity available at the considered price level.

12 . The non-transitory computer readable medium of claim 8 , wherein the support value for a considered price level is determined based on the quantity available at a second price level of the plurality of price levels for the second tradeable object, wherein the second price level is different from the considered price level.

13 . The non-transitory computer readable medium of claim 12 , wherein the second price level is a subsequent price level away from the inside market from the considered price level.

14 . The non-transitory computer readable medium of claim 12 , wherein the support value for a considered price level is determined to be a no support value when the second price level has no quantity available.

15 . A system including:

a computing device, wherein the computing device is configured to

receive market data related to quantities available for a first object and a second object,

wherein the quantities are arranged according to a plurality of price levels for the first object and a plurality of price levels for the second object, and

wherein the computing device stores a target strategy price and a trading strategy for the first object and the second object;

determine a support value for a price level of the plurality of price levels for the second object based on the target strategy price and the received market data, wherein the determination includes:

iteratively determine beginning at an inside market price level of plurality of price levels the support value when the determined support value does not satisfy a desired support value representing a level of risk associated with leaning on the price level; and

wherein iteratively determining includes considering each price level away from the inside market price level until the support value for a first price level satisfies the desired support value;

determine a lean level based on the determined support value; and

send a first message for the first object at a first price to an electronic exchange, wherein the first price is based on the definition for the trading strategy, the desired strategy price, and the determined lean level.

16 . The system of claim 15 , wherein the support value for a considered price level is determined based on the quantity available at the considered price level.

17 . The system of claim 16 , wherein the support value for a considered price level is determined based on a desired lean level quantity, wherein the desired lean level quantity is based on the definition for the trading strategy and a desired strategy quantity.

18 . The system of claim 17 , wherein the support value for a considered price level is determined to be a no support value when the desired lean level quantity is greater than a pre-determined percentage of the quantity available at the considered price level.

19 . The system of claim 15 , wherein the support value for a considered price level is determined based on the quantity available at a second price level of the plurality of price levels for the second tradeable object, wherein the second price level is different from the considered price level.

20 . The system of claim 19 , wherein the second price level is a subsequent price level away from the inside market from the considered price level.

Assignments (2)

Continuity (4)

References Cited (363)