BGC Partners, Inc.
System and method for optimizing execution of trading orders

Last updated:

Abstract:

A system for processing trading orders comprises an optimizer module operable to receive a first trading order and a second trading order. The optimizer module is further operable to receive market data associated with at least one market center. The optimizer module is further operable to determine whether to transmit the second trading order to the at least one market center prior to transmitting the first trading order to the at least one market center, the determination based at least in part on the market data.

Status:
Grant
Type:

Utility

Filling date:

17 Sep 2018

Issue date:

18 May 2021