Trading System Having Increased Liquidity Provision
    31.
    发明申请
    Trading System Having Increased Liquidity Provision 有权
    增加流动性提供的交易系统

    公开(公告)号:US20120239547A1

    公开(公告)日:2012-09-20

    申请号:US13482486

    申请日:2012-05-29

    IPC分类号: G06Q40/04

    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。

    Automated trading system
    32.
    发明授权
    Automated trading system 有权
    自动交易系统

    公开(公告)号:US08209254B2

    公开(公告)日:2012-06-26

    申请号:US10202827

    申请日:2002-07-26

    IPC分类号: G06Q40/00

    摘要: A computer trading system includes a quote screening function configured to accept quotes specifying a quote amount in a price where the quote amount is greater than a minimum quote amount to produce screen quote messages and to reject quotes specifying a quote amount less than the minimum quote amount. A market view generator generates market views from those quotes which specify an amount greater than or equal to the minimum quote amount. An order screening function only accepts orders specifying an amount less than a maximum transaction amount submitted in response to the market views to produce screened order messages. A transaction processor receives screened quote messages and screened order messages and matches appropriate messages with each other. The minimum quote amount is substantially equal to or greater than the maximum transaction amount whereby a screened order message can be matched entirely with one screened quote message.

    摘要翻译: 计算机交易系统包括报价筛选功能,其配置为接受报价指定报价金额的报价,报价金额大于最低报价金额以生成屏幕报价信息,并拒绝报价指定小于最低报价金额的报价 。 市场视图生成器根据这些报价产生市场观点,指定金额大于或等于最低报价金额。 订单筛选功能仅接受指定小于响应市场视图而提交的最大交易金额的订单以生成筛选订单消息的订单。 交易处理器接收筛选的报价消息和筛选的订单消息并将适当的消息彼此匹配。 最小报价金额基本上等于或大于最大交易金额,从而筛选的订单消息可以完全与一个已筛选的报价消息相匹配。

    TRADING SYSTEM
    33.
    发明申请
    TRADING SYSTEM 有权
    交易系统

    公开(公告)号:US20090292635A1

    公开(公告)日:2009-11-26

    申请号:US12435553

    申请日:2009-05-05

    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。

    System and method for user defined markets for electronic trading
    34.
    发明授权
    System and method for user defined markets for electronic trading 有权
    用户定义的电子交易市场的系统和方法

    公开(公告)号:US08930257B1

    公开(公告)日:2015-01-06

    申请号:US12288339

    申请日:2008-10-17

    IPC分类号: G06Q40/00

    CPC分类号: G06Q40/04

    摘要: A system and method for user defined markets for electronic trading is disclosed. In one embodiment, a technology platform is provided that allows a user to define a new market for electronic trading and automatically generate the new market for live trading. In one embodiment, the new market is automatically tested using a trading simulator that simulates the new market for electronic trading.

    摘要翻译: 披露了用户定义的电子交易市场的系统和方法。 在一个实施例中,提供了一种技术平台,其允许用户定义电子交易的新市场并且自动生成用于实时交易的新市场。 在一个实施例中,使用模拟新的电子交易市场的交易模拟器来自动测试新市场。

    System and method for deriving data
    35.
    再颁专利
    System and method for deriving data 有权
    用于导出数据的系统和方法

    公开(公告)号:USRE44393E1

    公开(公告)日:2013-07-23

    申请号:US13542751

    申请日:2003-09-03

    IPC分类号: G06Q40/00

    摘要: Best bid and best offer rate data from deals concluded on an anonymous trading system in a fungible instrument such as a foreign currency pair are processed to derive indicative rates. A minimum indicative rates spread between bid and offer prices is defined. The indicative rate bid and offer prices are set to the received best bid and offer prices and alternately an amount is added to the indicative offer rates and subtracted from the indicative bid rates until the spread between the indicative bid and offer rates is greater than or equal to the predefined minimum indicative rates spread and greater than the spread between the best bid and offer prices.

    摘要翻译: 处理在诸如外币对等可替代工具的匿名交易系统上完成的交易的最佳出价和最优惠利率数据,以得出指示费率。 定义出价和报价之间的最低指示价差。 指示性价格出价和报价价格被设置为接收到的最佳出价和报价,并且替代地,指示性报价率被添加到指示性报价率中,并从指示性投标价格中减去,直到指示性出价和报价率之间的差距大于或等于 达到预定的最低指示性利差,并且大于最佳出价和报价之间的差价。

    Automated Trading System
    36.
    发明申请
    Automated Trading System 有权
    自动交易系统

    公开(公告)号:US20120239550A1

    公开(公告)日:2012-09-20

    申请号:US13487321

    申请日:2012-06-04

    IPC分类号: G06Q40/04

    摘要: A computer trading system includes a quote screening function configured to accept quotes specifying a quote amount in a price where the quote amount is greater than a minimum quote amount to produce screen quote messages and to reject quotes specifying a quote amount less than the minimum quote amount. A market view generator generates market views from those quotes which specify an amount greater than or equal to the minimum quote amount. An order screening function only-accepts orders specifying an amount less than a maximum transaction amount submitted in response to the market views to produce screened order messages. A transaction processor receives screened quote messages and screened order messages and matches appropriate messages with each other. The minimum quote amount is substantially equal to or greater than the maximum transaction amount whereby a screened order message can be matched entirely with one screened quote message.

    摘要翻译: 计算机交易系统包括报价筛选功能,其配置为接受报价指定报价金额的报价,报价金额大于最低报价金额以生成屏幕报价信息,并拒绝报价指定小于最低报价金额的报价 。 市场视图生成器根据这些报价产生市场观点,指定金额大于或等于最低报价金额。 订单筛选功能只能接受指定小于响应市场视图提交的最大交易金额的订单以生成筛选订单消息的订单。 交易处理器接收筛选的报价消息和筛选的订单消息并将适当的消息彼此匹配。 最小报价金额基本上等于或大于最大交易金额,从而筛选的订单消息可以完全与一个已筛选的报价消息相匹配。

    System and method for deriving data
    37.
    发明授权
    System and method for deriving data 有权
    用于导出数据的系统和方法

    公开(公告)号:US08036976B2

    公开(公告)日:2011-10-11

    申请号:US10525750

    申请日:2003-09-03

    IPC分类号: G06Q40/00

    摘要: Best bid and best offer rate data from deals concluded on an anonymous trading system in a fungible instrument such as a foreign currency pair are processed to derive indicative rates. A minimum indicative rates spread between bid and offer prices is defined. The indicative rate bid and offer prices are set to the received best bid and offer prices and alternately an amount is added to the indicative offer rates and subtracted from the indicative bid rates until the spread between the indicative bid and offer rates is greater than or equal to the predefined minimum indicative rates spread and greater than the spread between the best bid and offer prices.

    摘要翻译: 处理在诸如外币对等可替代工具的匿名交易系统上完成的交易的最佳出价和最优惠利率数据,以得出指示费率。 定义出价和报价之间的最低指示价差。 指示性价格出价和报价价格被设置为接收到的最佳出价和报价,并且替代地,指示性报价率被添加到指示性报价率中,并从指示性投标价格中减去,直到指示性出价和报价率之间的差距大于或等于 达到预定的最低指示性利差,并且大于最佳出价和报价之间的差价。

    Vocalisation of trading data in trading systems
    38.
    发明授权
    Vocalisation of trading data in trading systems 有权
    交易系统中交易数据的声音

    公开(公告)号:US08024252B2

    公开(公告)日:2011-09-20

    申请号:US10781703

    申请日:2004-02-20

    IPC分类号: G06Q40/00

    CPC分类号: G06Q40/04

    摘要: A trading system such as an anonymous trading system for trading financial and other instruments can vocalize trading data to trader workstations as well as display it on a screen. Where a trader selects to receive vocal announcements, a trading floor identifier unique to his trading floor is also announced at random intervals.

    摘要翻译: 诸如用于交易金融和其他工具的匿名交易系统的交易系统可以向交易者工作站发出交易数据,并将其显示在屏幕上。 交易者选择接收声音通知的情况下,也会以随机的间隔公布其交易大厅特有的交易大厅标识符。

    Price improvement in electronic trading system
    39.
    发明授权
    Price improvement in electronic trading system 有权
    电子交易系统价格上涨

    公开(公告)号:US07742975B2

    公开(公告)日:2010-06-22

    申请号:US11197329

    申请日:2005-08-05

    申请人: Edward R. Howorka

    发明人: Edward R. Howorka

    IPC分类号: G06Q40/00

    CPC分类号: G06Q40/04 G06Q20/102

    摘要: Price improvement in credit screened trading systems is achieved by entering a maximum price improvement (MPI) amount with a maker quote. The system prepares separate quote queues for each trading floor including only quotes where bilateral credit exists. Quotes are arranged using Price, MPI, time priority. When a quote is dealt, a dealable price improvement is calculated as the amount of the MPI required to improve the dealt quote's position in the queue.

    摘要翻译: 信用筛选交易系统的价格改善是通过用制造商报价进入最大价格提高(MPI)金额来实现的。 该系统为每个交易平台准备单独的报价队列,包括仅存在双边信贷的报价。 报价使用价格,MPI,时间优先级排列。 当报价发生时,可以将交易价格的改善计算为改善处理报价在排队中的位置所需的MPI数量。

    TRADING SYSTEM
    40.
    发明申请

    公开(公告)号:US20090281911A1

    公开(公告)日:2009-11-12

    申请号:US12436259

    申请日:2009-05-06

    IPC分类号: G06Q30/00

    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.