Patent ID: 8744949
Filing Date: 2014-06-03
Classification: G06Q

Abstract:
1. A method for processing option orders, comprising: establishing customer routing rules, wherein said customer routing rules specify a preference for an option exchange; receiving, by a processor, an option order, said option order comprising a customer identifier, and a security underlyer and quantity to be purchased or sold according to said option order; comparing, using the processor, terms of said option order with said customer routing rules to determine whether said customer routing rules apply to said option order based on said customer identifier, said security underlyer and said quantity; routing, using the processor, said option order to a selected option exchange according to said customer routing rules; executing, using the processor, said option order; monitoring, using the processor, routing data and execution data of said executed option order; determining an execution quality of said executed option order by comparing execution quality requirements to said execution data; and reporting said routing data and execution quality to said customer.