Apparatus and Method for Commodity Trading with Automatic Odd Lot Hedging
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United States of America Patent
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Issued Date -
Dec 26, 2013
app pub date -
Aug 27, 2013
filing date -
Feb 23, 2011
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
Apparatus and method for trading commodities with automatic hedging for odd lot offers. The apparatus automatically accepts odd lot offers on behalf of buyers and aggregates them with other odd lot offers of the same commodity symbol until there are enough bushels to reach a predetermined threshold, or “tipping point,” which causes the system to automatically calculate the optimum number of full lot futures contracts to sell at the market price in order to offset risk associated with accepting the odd lot offers, and to automatically secure the optimum number of full lot futures contracts. The system reduces or eliminates situations where no transactions are executed due to the market's failure to reach a certain price, and reduces the buyers' exposure to slippage on accumulated odd lots.
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