Raj K Jain

US Patent:

20110010287, Jan 13, 2011

Filed:

Jul 12, 2010

Appl. No.:

12/834248

Inventors:

Hitesh MITTAL - Edison NJ, US
Raj JAIN - Princeton NJ, US

Assignee:

ITG SOFTWARE SOLUTIONS, INC. - Culver City CA

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

A system for redirecting electronic trade orders includes trade order routing facilities coupled with an electronic trade routing network and a plurality of trade venues, including one or more third party broker dealer systems and one or more alternative trading systems. The trade order routing facilities are configured to monitor electronic trade orders at destination trade venues to determine the number of available shares remaining. The trade order routing facilities are further configured to monitor the electronic trade routing network and a plurality of trade venues to identify if any executable trade orders exist that could be matched against some or all of the remaining order portion. Then the trade order routing facilities retrieve some or all of the remaining shares and submit trade orders to execute against the identified orders in other trade venues.