System and method for risk management using average expiration times

    公开(公告)号:US08799145B2

    公开(公告)日:2014-08-05

    申请号:US14032733

    申请日:2013-09-20

    CPC classification number: G06Q40/04 G06Q40/00 G06Q40/06 G06Q40/08

    Abstract: A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Average expirations for the generic spread are computed. Using the spread positions, the average expirations and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders.

    METHOD AND APPARATUS FOR A FAIR EXCHANGE
    22.
    发明申请
    METHOD AND APPARATUS FOR A FAIR EXCHANGE 有权
    公平交换的方法和装置

    公开(公告)号:US20140156488A1

    公开(公告)日:2014-06-05

    申请号:US13924763

    申请日:2013-06-24

    CPC classification number: G06Q40/04 G06Q20/10 G06Q30/0601 G06Q40/00

    Abstract: A fair exchange is disclosed to reduce potential inequities in an electronic trading environment. Market data is sent from a host system to client devices through one or more synchronized local communication servers such that the data can be displayed simultaneously or nearly simultaneously at each client device. Market data sent to client devices might include price information. Likewise, a host system may transaction data sent from client devices via the local communication servers. The ordering of transaction data is based, at least in part, on when the local communication servers received the transaction data from the client devices. Transaction data sent to a host system might include order information.

    Abstract translation: 披露公平交流,以减少电子交易环境中的潜在不平等现象。 市场数据通过一个或多个同步的本地通信服务器从主机系统发送到客户端设备,使得数据可以在每个客户端设备同时或几乎同时显示。 发送到客户端设备的市场数据可能包括价格信息。 同样,主机系统可以经由本地通信服务器交易从客户端设备发送的数据。 交易数据的顺序至少部分地基于本地通信服务器何时从客户端设备接收到交易数据。 发送到主机系统的事务数据可能包括订单信息。

    Method and System for Internal Matching

    公开(公告)号:US20210004903A1

    公开(公告)日:2021-01-07

    申请号:US17025540

    申请日:2020-09-18

    Abstract: A system and method for internal matching of electronic trading orders is provided. Orders for electronic trading are reviewed for potential matches in an internal order book of an internal matching system. If no potential matches are available, the order is listed on both the internal order book for the internal matching system and on the book of orders for the electronic exchange. If a potential match is available, the order is tentatively matched with a resting order on the internal order book. A message is sent to the electronic exchange to cancel the resting order on the book of exchange order book. If the deletion is successful, the order and the resting order are matched. If the deletion is unsuccessful, the internal order book on the internal matching system is checked again for a potential match.

    Method and apparatus for message flow and transaction queue management

    公开(公告)号:US10540719B2

    公开(公告)日:2020-01-21

    申请号:US16152915

    申请日:2018-10-05

    Abstract: Management of transaction message flow utilizing a transaction message queue. The system and method are for use in financial transaction messaging systems. The system is designed to enable an administrator to monitor, distribute, control and receive alerts on the use and status of limited network and exchange resources. Users are grouped in a hierarchical manner, preferably including user level and group level, as well as possible additional levels such as account, tradable object, membership, and gateway levels. The message thresholds may be specified for each level to ensure that transmission of a given transaction does not exceed the number of messages permitted for the user, group, account, etc.

    Click Based Trading with Market Depth Display

    公开(公告)号:US20190295170A1

    公开(公告)日:2019-09-26

    申请号:US16415323

    申请日:2019-05-17

    Abstract: A method and system for reducing the time it takes for a trader to place a trade when electronically trading commodities on an exchange, thus increasing the likelihood that the trader will have orders filled at desirable prices and quantities. Click based trading, as described herein and specifically the “Click” and “Dime” methods of the present invention, enables a trader to execute single mouse click trades for large volumes of commodities at a price within a pre-specified range.

    Method and apparatus for message flow and transaction queue management
    30.
    发明授权
    Method and apparatus for message flow and transaction queue management 有权
    消息流和事务队列管理的方法和装置

    公开(公告)号:US08839269B2

    公开(公告)日:2014-09-16

    申请号:US14056463

    申请日:2013-10-17

    CPC classification number: G06Q40/04 G06F9/546

    Abstract: Management of transaction message flow utilizing a transaction message queue. The system and method are for use in financial transaction messaging systems. The system is designed to enable an administrator to monitor, distribute, control and receive alerts on the use and status of limited network and exchange resources. Users are grouped in a hierarchical manner, preferably including user level and group level, as well as possible additional levels such as account, tradable object, membership, and gateway levels. The message thresholds may be specified for each level to ensure that transmission of a given transaction does not exceed the number of messages permitted for the user, group, account, etc.

    Abstract translation: 使用事务消息队列管理事务消息流。 该系统和方法用于金融交易信息系统。 该系统旨在使管理员能够监视,分发,控制和接收有限网络和交换资源的使用和状态的警报。 用户以分级方式进行分组,优选地包括用户级别和组级别,以及可能的附加级别,例如帐户,可交易对象,成员资格和网关级别。 可以为每个级别指定消息阈值,以确保给定事务的传输不超过用户,组,帐户等允许的消息数量。

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