07672895 is referenced by 17 patents and cites 91 patents.

Market data is recorded from a real live exchange. The recording data can be played back in real time or delayed, in any manner, to simulate the recorded market. Moreover, one or more users can participate in the simulated market just as if they were participating in a real-live market. The system provides a realistic trading environment without the associated risks of trading in a live-market such as losing money and the cost of making trades. The system may be used for training purposes and for purposes of testing and analyzing various trading strategies. Software developers and testers may also utilize the realistic environment to develop trading products or applications. Additionally, the system provides a means for demonstrating trading application products.

Title
System and method for simulating an electronic trading environment
Application Number
10/233023
Publication Number
7672895 (B2)
Application Date
August 30, 2002
Publication Date
March 2, 2010
Inventor
Christos Kondilis
Jersey City
NJ, US
Robert West
Chicago
IL, US
Sagy P Mintz
Lincolnshire
IL, US
Agent
Hulbert & Berghoff
McDonnell Boehnen
Assignee
Trading Technologies International
IL, US
IPC
G06Q 40/00
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