Match-off of order flow in electronic market system
    1.
    发明授权
    Match-off of order flow in electronic market system 有权
    电子市场体系中订单流的匹配

    公开(公告)号:US08239303B2

    公开(公告)日:2012-08-07

    申请号:US09404518

    申请日:1999-09-23

    IPC分类号: G06Q40/00

    CPC分类号: G06Q40/04

    摘要: A market system that includes an internal execution process is described. The system includes an order execution process that receives orders and matches orders against quotes posted in the system on a time priority basis and an order match-off process that checks if a market participant identification associated with a received order matches a market participant identification representing a quote in the system that is at the best bid or best offer price in the system.

    摘要翻译: 描述了包括内部执行过程的市场系统。 该系统包括订单执行过程,其接收与时间优先基础上发布在系统中的报价的订单和订单,以及订单匹配过程,其检查与所接收的订单相关联的市场参与者标识是否与表示 在系统中报价是系统中最佳出价或最佳报价。

    Montage for Automated Market System
    2.
    发明申请
    Montage for Automated Market System 有权
    蒙太奇自动市场系统

    公开(公告)号:US20070136182A1

    公开(公告)日:2007-06-14

    申请号:US11625127

    申请日:2007-01-19

    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 that 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 a plurality of price levels of a product traded in the market. The market also includes processes to handle lock/cross market conditions, match-off of order flow 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用于输入证券报价的客户站,以及从客户接收报价的服务器进程,汇总报价,并导致将所有汇总报价的总计显示在多个价格水平上 客户端系统。 市场使用图形用户,其在聚合窗口中描绘在市场上交易的产品的多个价格水平的汇总报价。 市场还包括处理锁定/交叉市场状况的流程,订单流动的匹配,并提供了一个中央报价/订单收集器,与不同的订单交付系统相互接触,以最大限度地减少做市商的双重责任。

    Montage for automated market system
    3.
    发明授权
    Montage for automated market system 有权
    蒙太奇自动化市场体系

    公开(公告)号:US07870056B2

    公开(公告)日:2011-01-11

    申请号:US11625127

    申请日:2007-01-19

    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 that 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 a plurality of price levels of a product traded in the market. The market also includes processes to handle lock/cross market conditions, match-off of order flow 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用于输入证券报价的客户站,以及从客户接收报价的服务器进程,汇总报价,并导致将所有汇总报价的总计显示在多个价格水平上 客户端系统。 市场使用图形用户,其在聚合窗口中描绘在市场上交易的产品的多个价格水平的汇总报价。 市场还包括处理锁定/交叉市场状况的流程,订单流动的匹配,并提供了一个中央报价/订单收集器,与不同的订单交付系统相互接触,以最大限度地减少做市商的双重责任。

    Locked/crossed quote handling
    5.
    发明授权
    Locked/crossed quote handling 有权
    锁定/交叉报价处理

    公开(公告)号:US07209896B1

    公开(公告)日:2007-04-24

    申请号:US09401892

    申请日:1999-09-23

    IPC分类号: G06Q40/00

    CPC分类号: G06Q40/04 G06Q40/00

    摘要: A system for handling quotes in an electronic market is described. The system includes a lock/cross quote detector which determines whether a quote which is entered into the market system would lock or cross other quotes in the market system and a quote formatter that receives quotes that, if entered, would lock or cross the market and reformats the quotes as marketable liability orders. The system includes a routing process that routes reformatted quotes as marketable liability orders to a market participant whose quote was locked or crossed.

    摘要翻译: 描述了在电子市场中处理报价的系统。 该系统包括锁/交叉报价检测器,其确定输入市场系统的报价是否锁定或交叉市场系统中的其他报价;以及报价格式化器,其接收报价,如果输入将锁定或跨越市场, 将报价重新列为可销售责任令。 该系统包括一个路由过程,将重新格式化的报价作为可销售责任订单发送给报价被锁定或交叉的市场参与者。

    Montage for automated market system
    6.
    发明授权
    Montage for automated market system 有权
    蒙太奇自动化市场体系

    公开(公告)号:US07181424B1

    公开(公告)日:2007-02-20

    申请号:US09401872

    申请日:1999-09-23

    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 that 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 a plurality of price levels of a product traded in the market. The market also includes processes to handle lock/cross market conditions, match-off of order flow 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用于输入证券报价的客户站,以及从客户接收报价的服务器进程,汇总报价,并导致将所有汇总报价的总计显示在多个价格水平上 客户端系统。 市场使用图形用户,其在聚合窗口中描绘在市场上交易的产品的多个价格水平的汇总报价。 市场还包括处理锁定/交叉市场状况的流程,订单流动的匹配,并提供了一个中央报价/订单收集器,与不同的订单交付系统相互接触,以最大限度地减少做市商的双重责任。

    Quote/order processing in electronic market system
    7.
    发明授权
    Quote/order processing in electronic market system 有权
    电子市场体系中的报价/订单处理

    公开(公告)号:US08407116B1

    公开(公告)日:2013-03-26

    申请号:US09401873

    申请日:1999-09-23

    IPC分类号: G06Q40/00

    CPC分类号: G06Q40/02 G06Q40/04

    摘要: A collector facility for an electronic market is described. The collector facility includes an interface for coupling order delivery systems to the order collector facility and a quote manager that manages multiple quotes/orders received from the interface at multiple price levels. The facility also includes a montage manager to display quotes received from the quote order manager in an aggregate montage or a current quote montage consistent with parameters specified in the multiple quotes.

    摘要翻译: 描述了电子市场的收集设备。 收集器设施包括用于将订单交付系统耦合到订单收集器设备的接口以及管理以多个价格水平从接口接收的多个报价/订单的报价管理器。 该设施还包括一个蒙太奇经理,以一个聚合蒙太奇或当前报价蒙太奇的形式显示从报价订单管理器收到的报价,这些报价符合多重报价中指定的参数。