US Patent Issued to TRADING TECHNOLOGIES INTERNATIONAL on Sept. 2 for "Systems and methods for using order modifiers in relation to trading strategies" (Illinois Inventors)

ALEXANDRIA, Va., Sept. 3 -- United States Patent no. 12,406,303, issued on Sept. 2, was assigned to TRADING TECHNOLOGIES INTERNATIONAL INC. (Chicago).

"Systems and methods for using order modifiers in relation to trading strategies" was invented by Patricia A. Messina (Chicago) and Bharat Mittal (Schaumburg, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A quantity modifier and a price modifier are provided for a spread trading strategy having a desired spread price and a desired spread quantity. According to an example embodiment, a quantity modifier divides the desired spread quantity into a plurality of disclosed spread quantities. Once the disclosed quantities are determined, a plurality of disclose...