Patent ID: 8930259
Filing Date: 2015-01-06
Classification: G06Q

Abstract:
1. A processor-implemented method for monitoring and evaluating an option limit order, comprising: receiving an option limit order, said option limit order including information identifying a customer, information identifying a desired option, and information that indicates a limit price for said option limit order; classifying, by a processor, said option limit order into a category by comparing the limit price to National Best Bid and Offer data or Best Bid and Offer data effective at a time said option limit order was received, determining a service standard applicable to said option limit order based on the category; identifying, by the processor, at least one of a trade-through transaction relevant to said option limit order and a trade-at transaction relevant to said option limit order; generating, by the processor, an alert on the basis of said identified at least one of a trade-through transaction and a trade-at transaction; and indicating, by the processor, whether said alert was generated as a result of a trade-through transaction or a trade-at transaction.