BGC Partners, Inc.
System and method for controlling the disclosure of a trading order

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Abstract:

A system for controlling the disclosure of a trading order comprises a memory and a processor. The memory stores disclosure policies associated with market centers. The processor receives a trading order for a trading product that specifies a total quantity of the trading product and a maximum disclosure quantity of the trading product. The trading order is associated with a particular market center. The processor then routes the trading order to the particular market center according to the disclosure policy associated with the particular market center.

Status:
Grant
Type:

Utility

Filling date:

18 Apr 2019

Issue date:

8 Feb 2022