08239315 cites 92 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
12/604245
Publication Number
8239315 (B2)
Application Date
October 22, 2009
Publication Date
August 7, 2012
Inventor
Christos Kondilis
Jersey City
NJ, US
Robert West
Chicago
IL, US
Sagy P Mintz
Lincolnshire
IL, US
Agent
McDonnell Boehnen Hulbert & Berghoff
Assignee
Trading Technologies International
IL, US
IPC
G06Q 40/00
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