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:
Application
Type:

Utility

Filling date:

7 Feb 2022

Issue date:

26 May 2022