Patent ID: 7941362
Filing Date: 2011-05-10
Classification: G06Q

Abstract:
1. A system for dynamic quantity orders in an electronic trading environment, the system including: a computing device of an electronic exchange configured to receive a dynamic quantity order, wherein the dynamic quantity order comprises a price and a desired order quantity, wherein the dynamic quantity order is associated with an order quantity by the computing device of the electronic exchange, wherein the order quantity is initially the desired order quantity, wherein the dynamic quantity order is placed into an order queue based on the price; wherein the computing device of the electronic exchange is configured to estimate a potential order quantity at the price, wherein the potential order quantity represents an estimate of an amount of quantity that will be filled at the price; wherein the computing device of the electronic exchange is configured to increase the order quantity to an increased order quantity based on the potential order quantity; and wherein the computing device of the electronic exchange is configured to dynamically adjust the order quantity based on a total order quantity in the order queue at the price.