Patent ID: 8732048
Filing Date: 2014-05-20
Classification: G06Q

Abstract:
1. A system for implementing automated trading through an electronic option trading exchange system, comprising: a first computer in electronic communication with an electronic option trading exchange system, comprising a processor configured with logic for implementing an automated trading application and at least one other application through an operating system, wherein the operating system gives priority to the automated trading application over the at least one other application, the first computer (a) receiving electronic communications indicative of a current price for an option traded on the electronic option trading exchange system, (b) automatically determining, based on a theoretical price of the option, whether the current price for the option satisfies a price condition, wherein the theoretical price is based at least on price data of an underlying security of the option that is stored in a memory, (c) automatically checking whether one or more safety criteria for an option transaction are satisfied, and (d) automatically transmitting to the electronic option trading exchange system a response to the current price within 150 milliseconds of receiving the electronic communications when the price condition and the one or more safety criteria are satisfied, wherein the response includes an order or quote for the option capable of being matched to the current price.