Patent ID: 8140423
Filing Date: 2012-03-20
Classification: G06Q

Abstract:
1. A system, comprising: an order slicer configured to concurrently receive an order and a selected trading strategy to trade a financial instrument from a trader, and process said order and said selected trading strategy thereby associating said selected trading strategy with said order; a calculator associated with said order slicer operatively configured to automatically calculate one or more sub-orders, and to slice said order into said one or more sub-orders, in conformity with said selected trading strategy based on a target-trading rate to fill said order; and a memory associated with said order slicer configured to store said trading strategy in association with said one or more sub-orders, wherein said calculator is operatively configured to automatically recalculate one or more of said one or more sub-orders stored in a said memory based on a later selected trading strategy received from said trader.