Electronic trading system restricting trading orders
    1.
    发明授权
    Electronic trading system restricting trading orders 有权
    电子交易系统限制交易订单

    公开(公告)号:US08756137B2

    公开(公告)日:2014-06-17

    申请号:US12946277

    申请日:2010-11-15

    摘要: According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by determining whether the particular trading order differs from at least one comparison price by more than a threshold value. If it is determined that the particular trading is an outlying trading order, a restrictive action is taken regarding the outlying trading order. For example, if a trader subsequently submits another trading order that would trade with the outlying trading order, an alert message may be sent to the trader and the subsequent trading order may be prevented from trading with the outlying trading order at least temporarily.

    摘要翻译: 根据一个实施例,提供了管理交易的方法。 在特定类型的仪器的市场中,从多个交易者收到买单和卖出订单。 每个买单都有相关联的出价,每个卖单都有相关的报价。 通过确定特定交易订单是否与至少一个比较价格不同超过阈值来确定特定交易订单是否是离岸交易订单。 如果确定特定交易是离岸交易订单,则对离岸交易订单采取限制性行动。 例如,如果交易者随后提交另一个与离岸交易订单交易的交易订单,则可能会向交易者发送一个提醒信息,并且可以阻止随后的交易订单至少暂时与远期交易订单进行交易。

    System and method for processing composite trading orders
    2.
    发明授权
    System and method for processing composite trading orders 有权
    处理复合交易订单的制度和方法

    公开(公告)号:US08494952B2

    公开(公告)日:2013-07-23

    申请号:US12953838

    申请日:2010-11-24

    IPC分类号: G06Q40/00

    摘要: A system for processing a composite trading order comprises a memory operable to store market data received from one or more market centers. The system further comprises a processor operable to generate a composite value based at least in part on the market data. The processor is further operable to receive a composite trading order associated with at least a portion of the composite value. The processor is further operable to generate a plurality of constituent trading orders that, when filled, combine to satisfy the composite trading order.

    摘要翻译: 一种用于处理复合交易订单的系统包括可操作以存储从一个或多个市场中心接收的市场数据的存储器。 该系统还包括可操作以至少部分地基于市场数据生成复合值的处理器。 处理器还可操作以接收与复合值的至少一部分相关联的复合交易订单。 处理器还可操作以产生多个成分交易订单,其在填充时组合以满足复合交易订单。

    Matching of trading orders based on priority
    3.
    发明授权
    Matching of trading orders based on priority 有权
    根据优先级匹配交易订单

    公开(公告)号:US08494951B2

    公开(公告)日:2013-07-23

    申请号:US11499833

    申请日:2006-08-03

    IPC分类号: G06Q40/00

    CPC分类号: G06Q40/04 G06Q40/06

    摘要: A system comprises a memory that stores a first trading order for a trading product, the first trading order received from a first trader and comprising a display portion and a reserve portion. The memory further stores a second trading order for the trading product, the second trading order received from a second trader after the first trading order and comprising a display portion and a reserve portion. The system further comprises a processor communicatively coupled to the memory and operable to receive from a counterparty trader a counterorder for the trading product. The processor uses the counterorder to fill the display portion of the first trading order and the display portion of the second trading order. After filling the display portion of the second trading order, the processor exclusively offers at least a portion of the counterorder to the first trader for a configurable period of time.

    摘要翻译: 系统包括存储器,其存储交易产品的第一交易订单,从第一交易者接收的包括显示部分和储备部分的第一交易订单。 存储器还存储交易产品的第二交易订单,在第一交易订单之后从第二交易者接收的第二交易订单,并且包括显示部分和储备部分。 该系统还包括处理器,其通信地耦合到存储器并且可操作以从交易对手交易者接收交易产品的逆序。 处理器使用反序列来填充第一交易订单的显示部分和第二交易订单的显示部分。 在填充第二交易订单的显示部分之后,处理器在可配置的时间段内专门向第一交易者提供至少一部分逆序。

    SYSTEM AND METHOD FOR PROVIDING LATENCY PROTECTION FOR TRADING ORDERS
    4.
    发明申请
    SYSTEM AND METHOD FOR PROVIDING LATENCY PROTECTION FOR TRADING ORDERS 有权
    为贸易订单提供延期保护的制度和方法

    公开(公告)号:US20130159158A1

    公开(公告)日:2013-06-20

    申请号:US13620804

    申请日:2012-09-15

    IPC分类号: G06Q40/04

    CPC分类号: G06Q40/04 G06Q40/00

    摘要: A system for managing trading orders comprises a memory operable to store an order associated with a first price. The system further comprises a processor communicatively coupled to the memory and operable to identify a latency value. The processor is further operable to receive a counterorder and to identify a potential trade associated with the order and the counterorder, the potential trade based at least in part on the first price. If the latency value satisfies a configurable condition, the processor is further operable to initiate a configurable period of time. If the potential trade is not valid upon expiration of the configurable period, the processor is further operable to prevent the execution of the potential trade.

    摘要翻译: 用于管理交易订单的系统包括可操作以存储与第一价格相关联的订单的存储器。 系统还包括通信地耦合到存储器并且可操作以识别等待时间值的处理器。 处理器进一步可操作以至少部分地基于第一价格来接收逆序并且识别与订单和逆序相关联的潜在交易,潜在交易。 如果延迟值满足可配置条件,则处理器还可操作以启动可配置的时间段。 如果潜在交易在可配置期限届满后无效,则处理器进一步可操作以防止潜在交易的执行。

    Systems and methods for establishing first on the follow trading priority in electronic trading systems
    6.
    发明授权
    Systems and methods for establishing first on the follow trading priority in electronic trading systems 有权
    首先在电子交易系统中遵循交易优先权的制度和方法

    公开(公告)号:US08117109B2

    公开(公告)日:2012-02-14

    申请号:US11621546

    申请日:2007-01-09

    IPC分类号: G06Q40/00

    CPC分类号: G06Q40/04 G06Q40/00

    摘要: A trading system transitions from a first state to a second state and may award a participant, when one or more criteria and/or a status of trading rights are met, with trading priority in the second state to trade on an incoming contra order. The participant may also have an associated order modified as a result of an incoming contra order and/or be caused to automatically trade on an incoming contra order.

    摘要翻译: 交易系统从第一状态转变到第二状态,并且当符合交易权的一个或多个标准和/或状态时,可以授予参与者在第二状态下的交易优先级以进入的反向订单进行交易。 参与者还可以具有由于进入的反向命令而修改的关联订单和/或被引导以自动交易进入的反向命令。

    SYSTEM AND METHOD FOR PROCESSING COMPOSITE TRADING ORDERS
    8.
    发明申请
    SYSTEM AND METHOD FOR PROCESSING COMPOSITE TRADING ORDERS 有权
    用于处理复合交易订单的系统和方法

    公开(公告)号:US20110264576A1

    公开(公告)日:2011-10-27

    申请号:US12953838

    申请日:2010-11-24

    IPC分类号: G06Q40/00

    摘要: A system for processing a composite trading order comprises a memory operable to store market data received from one or more market centers. The system further comprises a processor operable to generate a composite value based at least in part on the market data. The processor is further operable to receive a composite trading order associated with at least a portion of the composite value. The processor is further operable to generate a plurality of constituent trading orders that, when filled, combine to satisfy the composite trading order.

    摘要翻译: 一种用于处理复合交易订单的系统包括可操作以存储从一个或多个市场中心接收的市场数据的存储器。 该系统还包括可操作以至少部分地基于市场数据生成复合值的处理器。 处理器还可操作以接收与复合值的至少一部分相关联的复合交易订单。 处理器还可操作以产生多个成分交易订单,其在填充时组合以满足复合交易订单。

    COMPOSITE TRADING ORDER PROCESSING
    9.
    发明申请
    COMPOSITE TRADING ORDER PROCESSING 有权
    复合交易订单处理

    公开(公告)号:US20100262528A1

    公开(公告)日:2010-10-14

    申请号:US12687372

    申请日:2010-01-14

    IPC分类号: G06Q40/00

    摘要: A system for processing a composite trading order comprises a memory operable to store market data received from one or more market centers. The system further comprises a processor operable to generate a composite value based at least in part on the market data. The processor is further operable to receive a composite trading order associated with at least a portion of the composite value. The processor is further operable to generate a plurality of constituent trading orders that, when filled, combine to satisfy the composite trading order.

    摘要翻译: 一种用于处理复合交易订单的系统包括可操作以存储从一个或多个市场中心接收的市场数据的存储器。 该系统还包括可操作以至少部分地基于市场数据生成复合值的处理器。 处理器还可操作以接收与复合值的至少一部分相关联的复合交易订单。 处理器还可操作以产生多个成分交易订单,其在填充时组合以满足复合交易订单。

    Radar Display of Trader Requirements
    10.
    发明申请
    Radar Display of Trader Requirements 审中-公开
    雷达显示交易者要求

    公开(公告)号:US20100205083A1

    公开(公告)日:2010-08-12

    申请号:US12763849

    申请日:2010-04-20

    IPC分类号: G06Q40/00

    CPC分类号: G06Q40/04 G06Q40/00

    摘要: A system for providing an operator interface comprises a memory and a processor. The processor generates a radar display comprising trader requirements indicia that correspond to trader designated parameters. The processor receives market data and determines a probability of the market data satisfying a trader designated requirement. A market data circle corresponding to each trader parameter is displayed on the interface at a distance from the trader requirements indicia that indicates the probability.

    摘要翻译: 用于提供操作者界面的系统包括存储器和处理器。 处理器产生包括对应于交易者指定参数的交易者需求标记的雷达显示。 处理器接收市场数据并确定满足交易者指定需求的市场数据的概率。 对应于每个交易者参数的市场数据圈在距离指示概率的交易者要求标记一定距离处的界面上显示。