US Patent:
20110258100, Oct 20, 2011
Inventors:
Srikant Krishna - Holmdel NJ, US
Biquan Lin - Cranbury NJ, US
Assignee:
BNY CONVERGEX GROUP LLC - New York NY
International Classification:
G06Q 40/00
G06Q 90/00
Abstract:
Systems, methods, and media for placing orders to trade a security are provided. In some embodiments, for example, methods comprise: receiving an order to trade a security; determining an execution rate for the order, determining a darkness threshold for the order; selecting one or more routes for one or more working orders of the order based on at least the darkness threshold; scoring the one or more routes; allocating size to the one or more working orders based on the scoring and the execution rate; creating the one or more working orders; and sending the one or more working orders to the one or more routes for execution.