CPC G06Q 40/04 (2013.01) | 17 Claims |
1. A method for managing one or more Market-On-Close (MOC) orders, comprising:
storing, in a trading system comprising one or more computing devices, one or more settlement rules mandated by one or more exchanges, wherein the one or more settlement rules are associated with one or more financial instruments traded on the one or more exchanges;
displaying, via a graphical user interface coupled with the trading system, an order entry dialog window illustrating one or more definable order parameters for the one or more MOC orders, wherein the one or more definable order parameters comprises a limit price parameter;
receiving, by the trading system, the one or more MOC orders having the one or more definable order parameters, wherein the one or more definable order parameters identify at least the one or more exchanges or a financial instrument;
validating, by the trading system, the one or more MOC orders based on the one or more stored settlement rules mandated by the identified one or more exchanges or the identified financial instrument;
determining, by the trading system, a closing strategy based on the validated one or more MOC orders; and
sending, by the trading system, the validated one or more MOC orders to the one or more exchanges, wherein the trading system is in operable communication with the one or more exchanges.
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