John David Crouch

US Patent:

7716121, May 11, 2010

Filed:

Sep 25, 2007

Appl. No.:

11/861129

Inventors:

Joshua Walsky - Woodcliff Lake NJ, US
Tyler Moeller - New York NY, US
John Crouch - New York NY, US
Walter Bell - Princeton NJ, US

Assignee:

Broadway Technology LLC - New York NY

International Classification:

G06Q 40/00

US Classification:

705 37, 705 26, 705 35, 705 38

Abstract:

Presented is a computer-based system for exchange order routing over a communication network which includes a client terminal configured to provide an end-user interface between the client terminal and a first server, the interface providing a template for building an order routing strategy including a stipulation string, and to submit one or more orders and the order routing strategy to the first server. A program executable within the communication network to implement the routing strategy by crossing the order on a first electronic exchange, and placing order liquidity on respective second electronic exchanges. A method implements the order routing strategy by receiving an order and a routing strategy containing a stipulation string having parameters of predetermined criteria, a first phase order processing allocates a first order quantity to a crossing location, a second phase order processing allocates a second order quantity to an idle location.