发明授权
- 专利标题: System and method for facilitating trading in an electronic market
- 专利标题(中): 促进电子市场交易的制度和方法
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申请号: US12704912申请日: 2010-02-12
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公开(公告)号: US08069110B2公开(公告)日: 2011-11-29
- 发明人: Stephen Cottrell
- 申请人: Stephen Cottrell
- 申请人地址: GB
- 专利权人: NYSE Life Administration and Management
- 当前专利权人: NYSE Life Administration and Management
- 当前专利权人地址: GB
- 代理机构: Katten Muchin Rosenman LLP
- 主分类号: G06Q40/00
- IPC分类号: G06Q40/00
摘要:
A method and system for facilitating trading of financial instruments in a market are provided. The system comprises a server and an interface. The interface is configured to enable buy orders and sell orders to be entered. Each order has a price, a volume, and an entry time and relates to a respective futures contract. The server is configured to match received buy orders having a first price to received sell orders having the first price. The match is effected by ensuring that the prices match, and then using the volume and entry time for each buy order and each sell order to assign a weight of time relative to volume, and then using the weights to determine each match. The server uses the matches to complete respective trades. The weights may be adjusted based on market conditions.
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