G06Q40/0451

Systems and methods for electronic trade order routing

The present application generally relates to electronic trading systems, and more specifically to systems and methods for electronic trade order routing. A routing algorithm may generate an execution style recommendation for incoming IG corporate orders. For example, the style recommendation may be shown as a new column in the trading application dashboard that suggests a course of action to traders for each order. In one implementation, automatic decision making may occur based on the style recommendation.

Volatility index options and futures spreads

Systems, methods, devices, and non-transitory, computer-readable storage media are disclosed for execution of an order including a first portion and a second portion. A trading computer system includes a routing system and a processor configured to: determine that a leg of the first type is satisfied at a first computer network destination and a leg of the second type is satisfied at a second computer network destination; transmit a second electronic message to the first computer network destination and a third electronic message to the second computer network destination; receive a confirmation electronic message indicating that the leg of the first type and the leg of the second type were executed substantially simultaneously; generate an execution report that indicates that the leg of the first type and the leg of the second type were substantially executed simultaneously; and transmit the execution report to a portable electronic device.