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Large Block Trading System with Trading Controls for Aggressive Pricing

机译:具有交易控制权的大型大宗交易系统,用于激进定价

摘要

A system and method for trading large blocks of securities with controls for limiting trading under conditions of aggressive pricing are described The system and method are preferably used by a buyer or seller in the electronic trading of securities in dark pools, e.g., and ATS or ECN, that include algorithmic trading or other computer-based programmed trading. Preferably, the system and method will be automatically activated to control trading volume when the price of a security being traded becomes aggressive and priced outside of the trader's target price instructions.
机译:描述了一种用于交易大型证券的系统和方法,该系统和方法具有在激进定价的情况下限制交易的控制。该系统和方法优选地被买方或卖方在暗池中的证券(例如ATS或ECN)的电子交易中使用。 ,包括算法交易或其他基于计算机的程序化交易。优选地,当所交易的证券的价格变得激进并且在交易者的目标价格指令之外定价时,将自动激活该系统和方法以控制交易量。

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