Odd lot processing in centralized automated market system
    1.
    发明授权
    Odd lot processing in centralized automated market system 有权
    集中自动化市场体系中的奇数批处理

    公开(公告)号:US07359877B2

    公开(公告)日:2008-04-15

    申请号:US09812225

    申请日:2001-03-19

    IPC分类号: G06Q40/00

    摘要: An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process. The market has a facility, which receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window, and a plurality of price levels of a product traded in the market. The market also includes processes to handle odd-lot processing and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.

    摘要翻译: 证券交易的电子市场包括多个客户站,用于输入证券报价和服务器流程。 市场有一个设施,从客户端收到报价,汇总报价,并导致在客户端系统上显示多个价格水平的所有汇总报价。 市场使用图形用户来描绘聚合窗口中的汇总报价,以及在市场上交易的产品的多个价格水平。 市场还包括处理奇数批处理的流程,并提供了一个中央报价/订单收集器,可与不同的订单交付系统进行接口,以最大限度地降低市场制造商的双重责任。