System and method for processing composite trading orders
    5.
    发明申请
    System and method for processing composite trading orders 有权
    处理复合交易订单的制度和方法

    公开(公告)号:US20070143203A1

    公开(公告)日:2007-06-21

    申请号:US11399019

    申请日:2006-04-05

    IPC分类号: G06Q40/00

    摘要: A system for processing a composite trading order comprises a memory operable to store market data received from one or more market centers. The system further comprises a processor operable to generate a composite value based at least in part on the market data. The processor is further operable to receive a composite trading order associated with at least a portion of the composite value. The processor is further operable to generate a plurality of constituent trading orders that, when filled, combine to satisfy the composite trading order.

    摘要翻译: 一种用于处理复合交易订单的系统包括可操作以存储从一个或多个市场中心接收的市场数据的存储器。 该系统还包括可操作以至少部分地基于市场数据生成复合值的处理器。 处理器还可操作以接收与复合值的至少一部分相关联的复合交易订单。 处理器还可操作以产生多个成分交易订单,其在填充时组合以满足复合交易订单。

    System and method for matching trading orders based on priority
    6.
    发明申请
    System and method for matching trading orders based on priority 有权
    基于优先级匹配交易订单的系统和方法

    公开(公告)号:US20070130050A1

    公开(公告)日:2007-06-07

    申请号:US11499833

    申请日:2006-08-03

    IPC分类号: G06Q40/00

    CPC分类号: G06Q40/04 G06Q40/06

    摘要: A system for managing trading orders comprises a memory operable to store a first trading order for a particular trading product, wherein the first trading order comprises a display portion and a reserve portion and is received from a first trader. The memory is further operable to store a second trading order for the particular trading product, wherein the second trading order comprises a display portion and a reserve portion and the second trading order is received from a second trader after the first trading order. The system further comprises a processor communicatively coupled to the memory and operable to receive from a counterparty trader a counterorder for the trading product. The processor is further operable to use the counterorder to fill the display portion of the first trading order. The processor is further operable to use the counterorder to fill the display portion of the second trading order. After filling the display portion of the second trading order, the processor is further operable to exclusively offer at least a portion of the counterorder to the first trader for a configurable period of time.

    摘要翻译: 用于管理交易订单的系统包括可操作以存储特定交易产品的第一交易订单的存储器,其中所述第一交易订单包括显示部分和储备部分,并且从第一交易者接收。 存储器还可操作用于存储特定交易产品的第二交易订单,其中第二交易订单包括显示部分和储备部分,并且在第一交易订单之后从第二交易者接收第二交易订单。 该系统还包括处理器,其通信地耦合到存储器并且可操作以从交易对手交易者接收交易产品的逆序。 所述处理器还可操作以使用所述反序列来填充所述第一交易订单的所述显示部分。 所述处理器还可操作以使用所述反序列来填充所述第二交易订单的所述显示部分。 在填充第二交易订单的显示部分之后,处理器进一步可操作以在可配置的时间段内向第一交易者专门提供逆序的至少一部分。

    System and method for limiting aggressive trading in an electronic trading system
    7.
    发明申请
    System and method for limiting aggressive trading in an electronic trading system 有权
    限制电子交易系统积极交易的制度和方法

    公开(公告)号:US20070027797A1

    公开(公告)日:2007-02-01

    申请号:US11495254

    申请日:2006-07-27

    IPC分类号: G06Q40/00

    CPC分类号: G06Q40/04 G06Q40/00

    摘要: A system for managing trading orders comprises a memory operable to store a trade credit associated with a trader. The system further comprises a processor operable to receive a trading order from the trader and determine the trade credit associated with the trader. If the received trading order is a passive trading order, the processor is further operable to increase the trade credit and submit the received trading order for execution. If the received trading order is an aggressive trading order, the processor is further operable to calculate a decrease of the trade credit. If subtracting the calculated decrease from the trade credit would not cause the trade credit to be less than a configurable threshold, the processor is further operable to submit the received trading order for execution and subtract the calculated decrease from the trade credit. If subtracting the calculated decrease from the trade credit would cause the trade credit to be less than the configurable threshold, the processor is further operable to prevent the execution of the received trading order.

    摘要翻译: 用于管理交易订单的系统包括可操作以存储与交易者相关联的交易信用的存储器。 该系统还包括处理器,其可操作以从交易者接收交易订单并确定与交易者相关联的交易信用。 如果接收到的交易订单是被动交易订单,则处理器可进一步操作以增加交易信用并提交所接收的交易订单以供执行。 如果收到的交易订单是一个积极的交易订单,处理器可以进一步操作来计算交易信贷的减少。 如果从贸易信贷中减去所计算的减少量不会导致贸易信贷小于可配置的阈值,则处理器可进一步操作以提交所接收的交易订单以执行,并从所述贸易信用中减去所计算的减少量。 如果从贸易信用减去计算的减少量将导致贸易信用额小于可配置的阈值,则处理器进一步可操作以防止执行所接收的交易订单。

    System and method for routing trading orders in an electronic trading system using trader lists
    8.
    发明申请
    System and method for routing trading orders in an electronic trading system using trader lists 有权
    使用交易者列表在电子交易系统中进行交易订单的系统和方法

    公开(公告)号:US20070027796A1

    公开(公告)日:2007-02-01

    申请号:US11495236

    申请日:2006-07-27

    IPC分类号: G06Q40/00

    摘要: A system for managing trading orders comprises a memory operable to store a trader list that is associated with a first trader and that designates one or more other traders. The system further comprises a processor communicatively coupled to the memory and operable to receive a trading order from the first trader. The processor is further operable to transmit the trading order to a plurality of traders, wherein the plurality of traders does not comprise any of the one or more designated traders from the trader list. The processor is further operable to prevent the transmission of the trading order to the one or more designated traders.

    摘要翻译: 用于管理交易订单的系统包括可操作地存储与第一交易者相关联并指定一个或多个其他交易者的交易者列表的存储器。 该系统还包括通信地耦合到存储器并且可操作以从第一交易者接收交易订单的处理器。 处理器还可操作地将交易订单传送到多个交易者,其中多个交易者不包括来自交易者列表的一个或多个指定交易者中的任何一个。 处理器还可操作以防止向一个或多个指定交易者传送交易订单。

    System and method for using trader lists in an electronic trading system to route a trading order with a reserved size
    9.
    发明申请
    System and method for using trader lists in an electronic trading system to route a trading order with a reserved size 审中-公开
    在电子交易系统中使用交易者列表来路由具有预留大小的交易订单的系统和方法

    公开(公告)号:US20070027795A1

    公开(公告)日:2007-02-01

    申请号:US11495235

    申请日:2006-07-27

    IPC分类号: G06Q40/00

    摘要: A system for managing trading orders comprises a memory operable to store a trader list that is associated with a first trader and that designates one or more other traders. The system further comprises a processor communicatively coupled to the memory and operable to receive a trading order from the first trader, wherein the trading order is for an order quantity of a first trading product. The processor is further operable to determine a first portion and a second portion of the order quantity. The processor is further operable to disclose the first portion of the order quantity to a plurality of traders. If a configurable condition is satisfied, the processor is further operable to disclose the second portion of the order quantity to one or more traders that are not designated by the trader list and to prevent the disclosure of the second portion of the order quantity to the one or more designated traders from the trader list.

    摘要翻译: 用于管理交易订单的系统包括可操作地存储与第一交易者相关联并指定一个或多个其他交易者的交易者列表的存储器。 该系统还包括处理器,其通信地耦合到存储器并且可操作以从第一交易者接收交易订单,其中交易订单用于第一交易产品的订单数量。 处理器还可操作以确定订单数量的第一部分和第二部分。 处理器还可操作以将订单数量的第一部分公开给多个交易者。 如果满足可配置条件,则处理器还可操作地将订单数量的第二部分公开给未被交易者列表指定的一个或多个交易者,并且防止将订单数量的第二部分公开到一个 或更多指定的交易者。

    System and method for routing a trading order based upon quantity
    10.
    发明申请
    System and method for routing a trading order based upon quantity 有权
    基于数量路由交易订单的系统和方法

    公开(公告)号:US20060277137A1

    公开(公告)日:2006-12-07

    申请号:US11146646

    申请日:2005-06-07

    IPC分类号: G06Q40/00

    CPC分类号: G06Q40/04

    摘要: An apparatus for routing trading orders comprises a memory and a processor. The memory stores first trading information associated with a first buy order placed with a first market center. The first buy order is associated with a product and the first trading information comprises a disclosed quantity of the product and a reserved quantity of the product. The memory also stores second trading information associated with a second buy order placed with a second market center. The second buy order is associated with the product and the second trading information comprises a disclosed quantity of the product and a reserved quantity of the product. The processor is coupled to the memory and receives a sell order associated with a quantity of the product. The processor further cancels at least a portion of the second buy order placed with the second market center for placement with the first market center. The canceled portion of the second buy order is determined based at least in part upon the second trading information. The processor further routes at least one additional sell order to the first market center having a quantity that is based upon at least one of the first trading information and the canceled portion of the second buy order.

    摘要翻译: 用于路由交易订单的装置包括存储器和处理器。 存储器存储与第一市场中心放置的第一买单相关联的第一交易信息。 第一个购买订单与产品相关联,并且第一交易信息包括公开的产品数量和产品的保留数量。 存储器还存储与第二市场中心放置的第二买单相关联的第二交易信息。 第二购买订单与产品相关联,第二交易信息包括所公开的产品数量和产品的保留数量。 处理器耦合到存储器并且接收与产品数量相关联的销售订单。 处理器进一步取消与第二市场中心放置的第二购买订单的至少一部分,以便与第一市场中心放置。 至少部分地基于第二交易信息确定第二买单的取消部分。 处理器进一步将至少一个额外的卖出订单路由到第一市场中心,其具有基于第一交易信息和第二买单的取消部分中的至少一个的数量。