Patent ID: 7647266
Filing Date: 2010-01-12
Classification: G06Q

Abstract:
1. A method for sending an order to an electronic exchange, the method comprising: receiving, via a computer device, a command representing an order request that comprises an order to buy or sell a quantity of a tradeable object at a particular price; temporarily holding the order request in a memory unit such that the order request is not sent to a matching engine at the electronic exchange until a preset rate of trades occurring at one or more prices to buy or sell the tradeable object is detected, wherein the preset rate of trades is based on an order quantity traded at the one or more prices; receiving, via a computing device, market data comprising quantity and price information relating to the tradeable object being traded at the electronic exchange; using the market data to determine, via a computing device a rate of trades occurring at one or more prices to buy or sell the tradeable object at the electronic exchange; comparing, via a computing device, the rate of trades to a preset rate of trades; and automatically releasing the order request to the matching engine at the electronic exchange upon detecting the preset rate of trades.