How JPMorgan optimizes order execution (with screenshots)

Hi,

This is a US patent application document from JP Morgan. It is describing a system for placing orders, mainly though an "Execution Optimizer".
The whole system is described in great detail.

It refers mainly to securities, but it gives us a general idea on how big orders are executed by the big players.
Also provides screenshots from the trading terminal.

I think that many concepts that is describing is useful for System design and EA Programming.


Nikos.

Agreed you might also want to have a few billion lying around and an order book to reference against and you have a shot at duplicating it