Patent ID: 8195557
Filing Date: 2012-06-05
Classification: G06Q

Abstract:
1. A method for options order routing, comprising: (a) listing by a computing system, on a market center, having at least one processor and at least one memory a plurality of options series, wherein the computing system has an order book for each option series and a market maker quote book for each option series, has intermarket linkages and direct connections to a plurality of away market centers, receives a top-of-book best bid and offer disseminated quotation from the plurality of away market centers for each option series, and has at least one configurable routing table including a set of routing rules that specify intermarket linkage and direct connection parameters for each away market center; (b) receiving by the computing system an incoming order; (c) determining by the computing system whether the order can execute at the NBBO or better; (d) responsive to determining that the order can execute at the NBBO or better;