System and method for providing latency protection for trading orders
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United States of America Patent
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May 11, 2010
Grant Date -
Jul 17, 2008
app pub date -
Jan 16, 2007
filing date -
Jan 16, 2007
priority date (Note) -
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status (Latency Note)
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Abstract
A system for managing trading orders comprises a memory operable to store an order associated with a first price. The system further comprises a processor communicatively coupled to the memory and operable to identify a latency value. The processor is further operable to receive a counterorder and to identify a potential trade associated with the order and the counterorder, the potential trade based at least in part on the first price. If the latency value satisfies a configurable condition, the processor is further operable to initiate a configurable period of time. If the potential trade is not valid upon expiration of the configurable period, the processor is further operable to prevent the execution of the potential trade.
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