US Patent Issued to Trading Technologies International on Dec. 9 for "System and method for active order management in an electronic trading environment" (Illinois Inventor)

ALEXANDRIA, Va., Dec. 9 -- United States Patent no. 12,493,909, issued on Dec. 9, was assigned to Trading Technologies International Inc. (Chicago).

"System and method for active order management in an electronic trading environment" was invented by Andrew Theodore Renalds (Chicago).

According to the abstract* released by the U.S. Patent & Trademark Office: "A trade order may be submitted to an electronic exchange and updated, according to pay-up parameter values, in an attempt to receive a complete fill within a period of time. The trade order may comprise an order price and an order quantity when submitted to the electronic exchange. The pay-up parameters may include a pay-up interval, a pay-up amount, a pay-up counter, or a combination...