Systems and methods for maintaining the viability of a market order type in fluctuating markets
    86.
    发明申请
    Systems and methods for maintaining the viability of a market order type in fluctuating markets 审中-公开
    在波动的市场中维持市场秩序类型的可行性的系统和方法

    公开(公告)号:US20070027793A1

    公开(公告)日:2007-02-01

    申请号:US11195155

    申请日:2005-08-01

    CPC classification number: G06Q40/04

    Abstract: Systems and methods for maintaining the viability of a market order type in fluctuating markets are provided. These systems and methods preferably provide the user with the ability to enter an order as a “conditional” market order. Such an order will preferably only be implemented as a market order under certain specific circumstances—e.g., the market has met a predetermined stability threshold for a preferably predetermined amount of time.

    Abstract translation: 提供了在波动市场中维持市场秩序类型的可行性的系统和方法。 这些系统和方法优选地向用户提供输入订单作为“有条件”市场订单的能力。 这样的订单优选地仅在某些特定情况下被实现为市场订单,例如市场已经达到预定的稳定性阈值,优选地预定的时间量。

    Systems and methods for maintaining the viability of a good-until-bettered order type in electronic trading systems
    87.
    发明申请
    Systems and methods for maintaining the viability of a good-until-bettered order type in electronic trading systems 有权
    在电子交易系统中保持良好的订单类型的可行性的系统和方法

    公开(公告)号:US20060282366A1

    公开(公告)日:2006-12-14

    申请号:US11407509

    申请日:2006-04-20

    CPC classification number: G06Q40/04

    Abstract: Systems and methods of trading items on an electronic trading system according to the invention are provided. The embodiments of the invention are based at least in part on a new order type. The new order type is a modification of a conventional good-until bettered order type. A good-until-bettered bid/offer is received along with instructions that specify a good-until-bettered increment value and/or duration. The good-until-bettered order is maintained in the electronic trading system until a bid/offer that is better by the specified plurality of standard trading increments is received by the electronic trading system and/or remains in the system for the good-until-bettered duration.

    Abstract translation: 提供了根据本发明的电子交易系统上的交易项目的系统和方法。 本发明的实施例至少部分地基于新的订单类型。 新的订单类型是传统的直到更好的订单类型的修改。 收到一个很好的出价/报价,以及指定一个良好的增值值和/或持续时间的说明。 在电子交易系统中维持良好的订单,直到电子交易系统接收到指定的多个标准交易增量更好的出价/报价和/或保留在系统中, 更好的持续时间。

    Systems and methods for providing price improvement in an active trading market
    88.
    发明申请
    Systems and methods for providing price improvement in an active trading market 有权
    在活跃交易市场提供价格改善的制度和方法

    公开(公告)号:US20060229967A1

    公开(公告)日:2006-10-12

    申请号:US10171009

    申请日:2002-06-11

    Inventor: Michael Sweeting

    CPC classification number: G06Q40/00 G06Q40/025 G06Q40/04

    Abstract: Systems and methods for providing traders an opportunity to improve prices for an item trading in an active market are provided. After a trader HITS or LIFTS a bid or offer, a market becomes active. When the market is active, traders can submit orders that improve on the price of the current market price of an item. Whenever a price improvement order is currently available for use in a transaction order, a price improvement indicator is displayed to indicate to other traders that price improvement is occurring. When a price improvement order is used to fill a transaction order, a portion of the difference between the market price and the price improvement price may be divided between the trader associated with the price improvement order, the trader associated with the transaction order, and the system host.

    Abstract translation: 提供了为交易者提供一个改善活跃市场交易项目价格的机会和方法。 在交易者HITS或LIFTS出价或报价后,市场变得活跃。 当市场活跃时,交易商可以提交提高一个物品当前市场价格价格的订单。 每当价格改进订单当前可用于交易订单时,都会显示价格改进指标,以向其他交易者指示价格改善正在发生。 当使用价格改进订单来填写交易订单时,市场价格和价格改进价格之间的差额的一部分可以在与价格改进订单相关联的交易者,与交易订单相关联的交易者和 系统主机。

    Systems and methods for providing neutral price improvement
    89.
    发明申请
    Systems and methods for providing neutral price improvement 有权
    提供中性价格改进的系统和方法

    公开(公告)号:US20060069637A1

    公开(公告)日:2006-03-30

    申请号:US11238422

    申请日:2005-09-28

    CPC classification number: G06Q40/04

    Abstract: Electronic trading systems and methods are provided that permit traders to submit price improvement orders that are traded at predetermined pricing increments and that maintain a position in a trading stack based on the size of other orders already existing in the stack at the time the order is submitted. This type of price improvement relates to neutral price improvement according to the invention. Neutral price improvement represents an option that permits a trader to opt out of being subjected to the trading rules and/or scheme governing a particular feature (e.g., price improvement), yet still permit traders to engage in competitive trading. In such a system, the trading rules may be applied generally to all orders in the system, except for orders submitted with the neutral price improvement option.

    Abstract translation: 提供电子交易系统和方法,允许交易者提交以预定的定价增量交易的价格改进订单,并且根据订单提交时已经存在的其他订单的大小维持交易栈中的头寸 。 这种价格改善涉及根据本发明的中性价格改进。 中性价格上涨是一种选择,允许交易者选择不受制于特定功能的交易规则和/或计划(例如价格改善),但仍允许交易者从事竞争性交易。 在这样的系统中,交易规则可以一般适用于系统中的所有订单,除了以中性价格改进选项提交的订单外。

    Electronic completion of cash versus futures basis trades

    公开(公告)号:US20060059077A1

    公开(公告)日:2006-03-16

    申请号:US10940574

    申请日:2004-09-13

    CPC classification number: G06Q40/04

    Abstract: An electronic trading system is described herein. More specifically, the electronic trading system may relate to the substantially simultaneous trading of cash instruments and their related futures contracts for interest-rate related instruments. The electronic trading system may also be used to allow a user (such as a market maker or other suitable participant) to gauge his chance of success at completing both sides of a basis trade within a preferably pre-determined or pre-set interval, while knowing in advance the specific weighting algorithm that will be applied to the basis trade. The electronic trading system may also be used to allow a user to predetermine the exact weighting algorithm to be used on such a basis trade, and to adjust those preferences where necessary or desired.

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