Patent ID: 8577771
Filing Date: 2013-11-05
Classification: G06Q

Abstract:
1. A computer implemented method of generating an implied order, the method comprising: receiving, by a processor, an order to buy and an order to sell, each being for an associated quantity of an item of a plurality of items tradeable on an exchange, wherein the associated quantity of the order to buy may be different from the associated quantity of the order to sell; converting, by the processor, the order to buy and the order to sell into a unit order set comprising a separate buy order for each of the associated quantity of the order to buy and a separate sell order for each of the associated quantity of the order to sell; identifying, by the processor, at least one minimal set comprising a unique subset of the unit order set; and computing, by the processor, based on the at least one minimal set, the implied order comprising at least two orders of the unit order set characterized by a 1:1 volume ratio.