公开(公告)号：US07937306B2

公开(公告)日：2011-05-03

申请号：US12020759

申请日：2008-01-28

申请人： Vladimir Neyman ,  Edward R. Howorka ,  Steven Iaccheo ,  Neena Jain ,  James Shu

发明人： Vladimir Neyman ,  Edward R. Howorka ,  Steven Iaccheo ,  Neena Jain ,  James Shu

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q40/00

摘要： An anonymous trading system comprises a network of broker nodes, each of which have an equal status and can match orders, initiate deals and distribute prices. Trading agents are connected to some or all of the broker nodes. The network is arranged to conform to a series of rules and in a preferred embodiment the brokers are arranged as a clique tree.

公开(公告)号：US20100268636A1

公开(公告)日：2010-10-21

申请号：US12825534

申请日：2010-06-29

申请人： Edward R. Howorka ,  Neena Jain ,  Steven Iaccheo ,  Vladimir Neyman ,  James Shu

发明人： Edward R. Howorka ,  Neena Jain ,  Steven Iaccheo ,  Vladimir Neyman ,  James Shu

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q40/00 ,  G06Q40/025

摘要： An anonymous trading system comprises an interconnected network of broking noted arranged in cliques which receive buy and sell orders from trader terminals via connected trading engines and which match persistent orders, executed deals and distribute price information to trader terminals. Where two orders are matched, a proposed deal message is sent by the matching broker. If another broker has processed an event which makes the matched quote unavailable the match fails and rematch may occur. Rematch may be attempted by an intermediate broker provided it owns one side of the match, or it received both sides of the match from brokers in different cliques. The intermediate broker attempts to match with the next available quote in the queue.

摘要翻译： 一个匿名交易系统包括一个相互联系的经纪网络，这些经纪人安排在集合中，通过连接的交易引擎从交易者终端接收买卖订单，并且匹配持续订单，执行交易并向交易者终端分发价格信息。 如果两个订单匹配，则由匹配经纪人发送一个提议的交易信息。 如果另一个经纪人处理了一个使匹配报价不可用的事件，则匹配失败，并可能发生重新匹配。 中间经纪人可以尝试重新分配，只要它拥有比赛的一面，或者从不同角色的经纪人收到比赛的双方。 中间代理尝试与队列中的下一个可用报价相匹配。

公开(公告)号：US07333952B1

公开(公告)日：2008-02-19

申请号：US09603389

申请日：2000-06-23

申请人： Vladimir Neyman ,  Steven Iaccheo ,  Neena Jain ,  James Shu ,  Edward R. Howorka ,  Andrew P. Foray ,  Michael S. Merold

发明人： Vladimir Neyman ,  Steven Iaccheo ,  Neena Jain ,  James Shu ,  Edward R. Howorka ,  Andrew P. Foray ,  Michael S. Merold

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q30/0615 ,  G06Q40/06

摘要： Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesized from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.

摘要翻译： 联合执行类型复合订单可以在包括多个代理节点的匿名交易系统中处理，每个代理节点都包括订单匹配功能和市场分配功能。 交易代理节点连接到分组在交易层面上的多个经销商终端，并且还连接到代理节点。 联合执行订单作为订单输入，并且在打点期间由经纪人匹配，或者订单被取消。 如果进行了匹配，则在知道所有交易是可执行的情况下，收款人的交易代理商不会完成任何标记该交易的交易。 该系统可以用于允许交易者以其他货币对合成的货币对命中出价和报价。 在这种安排下，经销商以合成货币进行简单的订单，接受者的交易代理将其转换成联合执行令。

公开(公告)号：US07269793B2

公开(公告)日：2007-09-11

申请号：US10272981

申请日：2002-10-18

申请人： Peter Richard P. Horsfall ,  Neena Jain ,  Edward R. Howorka

发明人： Peter Richard P. Horsfall ,  Neena Jain ,  Edward R. Howorka

IPC分类号： G06F17/11 ,  G06F3/00

CPC分类号： G06Q40/04

摘要： In a duplex chat conversational trading system, trader terminals monitor for new incoming messages from the time a trader starts to input a new message to the time it is sent. If an incoming message is detected, sending of the message is inhibited and the trader is alerted to the new incoming message whereupon he can confirm his message, modify it or resend it. Messages are exchanged via a chat server which assigns a unique reference number to each message. Where a message received at the server is sent in reply to an earlier message it carries the reference of the earlier message. The server compares this reference to the most recent reference it has logged and notifies the parties of a crossover if the references are not the same.

摘要翻译： 在双工聊天会话交易系统中，交易者终端监视从交易者开始输入新消息到其发送时间的新的传入消息。 如果检测到传入消息，则禁止发送消息，并且向新的传入消息通知交易者，从而可以确认他的消息，修改或重新发送。 消息通过聊天服务器交换，该聊天服务器为每个消息分配唯一的参考号码。 在服务器接收到的消息被发送回答较早的消息的情况下，其携带较早消息的引用。 服务器将此引用与其记录的最新引用进行比较，如果引用不一致，则通知各方交叉。

公开(公告)号：US08577784B2

公开(公告)日：2013-11-05

申请号：US13482486

申请日：2012-05-29

申请人： James Sinclair ,  James A. O'Hagan ,  Edward R. Howorka ,  Neena Jain

发明人： James Sinclair ,  James A. O'Hagan ,  Edward R. Howorka ,  Neena Jain

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q30/0601

摘要： An anonymous trading system includes a prime broker facility that allows a third party to trade on behalf of an institution. A deal is executed between the third party and a counter-party and a further deal is then executed between the third party and the party on whose behalf it has traded. The second deal may be for the same amount as the first deal or may be altered to include the third party's fee for conducting the first deal. Clients of the third party have prices available to them for trades made via the third party which are displayed at their trader terminals. The client sees that a better price is available though the third party than by dealing direct and selects to conduct a deal through the third party.

摘要翻译： 一个匿名的交易系统包括一个主要的经纪人设施，允许第三方代表一个机构进行交易。 第三方与对方之间签订协议，再由第三方与其交易的代理方签订进一步协议。 第二笔交易可能与第一笔交易相同，或可能被更改，以包括第三方进行第一笔交易的费用。 第三方的客户可以通过第三方在其交易终端上显示的交易获得价格。 客户认为，通过第三方可以获得更好的价格，而不是直接交易，并通过第三方进行交易。

公开(公告)号：US08275693B2

公开(公告)日：2012-09-25

申请号：US12435553

申请日：2009-05-05

申请人： James Sinclair ,  James O'Hagan ,  Edward R. Howorka ,  Neena Jain

发明人： James Sinclair ,  James O'Hagan ,  Edward R. Howorka ,  Neena Jain

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q30/0601

摘要： An anonymous trading system includes a prime broker facility that allows a third party to trade on behalf of an institution. A deal is executed between the third party and a counter-party and a further deal is then executed between the third party and the party on whose behalf it has traded. The second deal may be for the same amount as the first deal or may be altered to include the third party's fee for conducting the first deal. Clients of the third party have prices available to them for trades made via the third party which are displayed at their trader terminals. The client sees that a better price is available though the third party than by dealing direct and selects to conduct a deal through the third party.

摘要翻译： 一个匿名的交易系统包括一个主要的经纪人设施，允许第三方代表一个机构进行交易。 第三方与对方之间签订协议，再由第三方与其交易的代理方签订进一步协议。 第二笔交易可能与第一笔交易相同，或可能被更改，以包括第三方进行第一笔交易的费用。 第三方的客户可以通过第三方在其交易终端上显示的交易获得价格。 客户认为，通过第三方可以获得更好的价格，而不是直接交易，并通过第三方进行交易。

公开(公告)号：US20110276457A1

公开(公告)日：2011-11-10

申请号：US13109211

申请日：2011-05-17

申请人： Vladimir Neyman ,  Steven Iaccheo ,  Neena Jain ,  James Shu ,  Edward R. Howorka ,  Andrew P. Foray ,  Michael S. Merold

发明人： Vladimir Neyman ,  Steven Iaccheo ,  Neena Jain ,  James Shu ,  Edward R. Howorka ,  Andrew P. Foray ,  Michael S. Merold

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q30/0615 ,  G06Q40/06

摘要： Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.

摘要翻译： 联合执行类型复合订单可以在包括多个代理节点的匿名交易系统中处理，每个代理节点都包括订单匹配功能和市场分配功能。 交易代理节点连接到分组在交易层面上的多个经销商终端，并且还连接到代理节点。 联合执行订单作为订单输入，并且在打点期间由经纪人匹配，或者订单被取消。 如果进行了匹配，则在知道所有交易是可执行的情况下，收款人的交易代理商不会完成任何标记该交易的交易。 该系统可以用于允许交易者以其他货币对合成的货币对命中出价和报价。 在这种安排下，经销商以合成货币进行简单的订单，接受者的交易代理将其转换成联合执行令。

公开(公告)号：US20110016038A1

公开(公告)日：2011-01-20

申请号：US12891246

申请日：2010-09-27

申请人： August M. Hochenberger ,  Edward R. Howorka ,  Neena Jain ,  John C. Gaudio ,  John R. Capuano ,  Gregory D. Mills ,  Srivathsan Krishnasami

发明人： August M. Hochenberger ,  Edward R. Howorka ,  Neena Jain ,  John C. Gaudio ,  John R. Capuano ,  Gregory D. Mills ,  Srivathsan Krishnasami

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q40/025

摘要： An anonymous trading system for financial instruments comprises a network of broking nodes each performing a bid and offer matching function and a market view distribution function. Trader terminals are connected to the network via trading agent nodes. During deal execution a credit check is performed and once the deal is complete the identity of the counterparty becomes known to the other counterparty to the deal. The originating counterparty may send a More quantity message to the other party proposing a further deal at the same price. The other party may decline, partially accept, accept or accept and propose a still further amount. Credit for the further deal is drawn from an external source and the internal credit limits are temporarily increased or disabled to prevent the deal from being rejected.

摘要翻译： 金融工具的匿名交易系统包括每个执行投标和提供匹配功能的经纪商网络和市场视图分配功能。 交易终端通过交易代理节点连接到网络。 在交易执行期间，执行信用检查，一旦交易完成，交易对手的身份将被交易的另一对手方知道。 原始交易对手可以向另一方发送更多数量的消息，以相同的价格提出进一步交易。 另一方可能会拒绝，部分接受，接受或接受并提出更多的数额。 进一步交易的信用来自外部来源，内部信用额度暂时增加或停用，以防止交易被拒绝。

公开(公告)号：US07636683B1

公开(公告)日：2009-12-22

申请号：US09786736

申请日：1998-09-11

申请人： Gregory D. Mills ,  Neena Jain ,  Edward R. Howorka

发明人： Gregory D. Mills ,  Neena Jain ,  Edward R. Howorka

IPC分类号： G06Q40/00

CPC分类号： G06Q20/40 ,  G06Q40/04

摘要： Computerized trading system for trading financial instruments having a communication network connecting traders dealing in financial instruments and a plurality of trader terminals connected to the communication network. The communication network comprises a credit store for storing an indication of credit available from each credit granting entity, a price distributor for distributing the price quotation messages to trader terminal for display, a credit filter to filter the price quotation messages to each trader terminal associated with at least one credit granting entity.

摘要翻译： 用于交易金融工具的计算机化交易系统，其具有连接处理金融工具的交易者和连接到通信网络的多个交易者终端的通信网络。 通信网络包括用于存储来自每个信用授予实体的可用信用指示的信用商店，用于将价格报价消息分发给交易者终端进行显示的信用过滤器，用于将价格报价消息过滤到与 至少一个信用授予单位。

公开(公告)号：US06343278B1

公开(公告)日：2002-01-29

申请号：US09390621

申请日：1999-09-03

申请人： Neena Jain ,  Gregory D. Mills ,  Edward R. Howorka

发明人： Neena Jain ,  Gregory D. Mills ,  Edward R. Howorka

IPC分类号： G06F1760

CPC分类号： G06Q40/04 ,  G06Q40/06

摘要： An improved multiple order facility for a computerized trading system in which a first trader submits a plurality of orders for display and acceptance by other traders, including a first subsystem which permits the first trader to simultaneously generate a plurality of orders, and a second subsystem which displays the orders at computer terminals of the other traders to whom the orders were sent. Using the first subsystem, the first trader selects one or more financial instruments associated with a respective one of the orders from a displayed list of related financial instruments, selects a common quantity to be applied to each of the orders, and selects, for each order, a respective price at which the first trader is willing to buy or sell the financial instrument associated with that order. Each of the orders is then sent to a plurality of other trading using the computerized trading system. The second subsystem provides a display of the orders at computer terminals for each of the other traders to whom the orders were sent. Each order display includes the price for the financial instrument associated with the order as selected by the first trader; and an available quantity of the financial instrument associated with the order, the available quantity initially being equal to the common quantity set by the first trader and being reduced whenever a deal is made covering only a part of any of the plurality of orders by any of the other traders.

摘要翻译： 一种用于计算机化交易系统的改进的多订单设施，其中第一交易者提交多个订单以供其他交易者显示和接受，包括允许第一交易者同时生成多个订单的第一子系统，以及第二子系统 在发送订单的其他交易者的电脑终端显示订单。 使用第一子系统，第一交易者从显示的相关金融工具列表中选择与相应一个订单相关联的一个或多个金融工具，选择要应用于每个订单的共同数量，并针对每个订单选择 ，第一交易者愿意购买或出售与该订单相关的金融工具的相应价格。 然后使用计算机交易系统将每个订单发送到多个其他交易。 第二个子系统为每个发送订单的其他交易者显示计算机终端上的订单。 每个订单显示包括与第一交易者选择的订单相关联的金融工具的价格; 以及与订单相关联的金融工具的可用数量，可用数量最初等于第一交易者设定的共同数量，并且当交易仅通过以下任何方式仅覆盖多个订单中的任何一个的一部分时 其他交易者。