Rishi Nangalia - New York NY, US Donald Marigliano - Rockville Centre NY, US
International Classification:
G06Q 40/00
US Classification:
705037000
Abstract:
An options trading system may include a routing system that receives an options trading order from a customer and divides the customer order into secondary orders. Each of the secondary orders may be sent to a respective securities exchange for execution. The size of some or all of the secondary orders may be determined on the basis of a published automatic execution (“auto ex”) order size for each exchange for the option in question. For example, the customer order may be divided into four secondary orders each of which matches the respective auto ex size for the respective exchange for the option in question, plus a fifth secondary order that exceeds the auto ex size for the respective exchange for the option in question.
Systems are provided to manage option information. According to some embodiments, a user interface is provided including at least one option quote area presenting a plurality of option quotes, and an order entry area comprising input areas for inputting two or more option orders. A selection of one of the presented plurality of option quotes may be received and details of an option order corresponding to the selected option quote may be presented in appropriate input areas of the order entry area. In some aspects, a number of option quotes to present in at least one of the at least one option quote area is received, and the number of option quotes is presented in the at least one of the at least one option quote area.
Systems are provided to manage option information. According to some embodiments, a user interface is provided including at least one option quote area presenting a plurality of option quotes, and an order entry area comprising input areas for inputting two or more option orders. A selection of one of the presented plurality of option quotes may be received and details of an option order corresponding to the selected option quote may be presented in appropriate input areas of the order entry area. In some aspects, a number of option quotes to present in at least one of the at least one option quote area is received, and the number of option quotes is presented in the at least one of the at least one option quote area.