公开(公告)号：US08639607B2

公开(公告)日：2014-01-28

申请号：US12891246

申请日：2010-09-27

申请人： August M. Hochenberger ,  Edward R. Howorka ,  Neena Jain ,  John C. Gaudio ,  John R. Capuano ,  Gregory Mills ,  Srivathsan Krishnasami

发明人： August M. Hochenberger ,  Edward R. Howorka ,  Neena Jain ,  John C. Gaudio ,  John R. Capuano ,  Gregory Mills ,  Srivathsan Krishnasami

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q40/025

摘要： An anonymous trading system for financial instruments comprises a network of broking nodes each performing a bid and offer matching function and a market view distribution function. Trader terminals are connected to the network via trading agent nodes. During deal execution a credit check is performed and once the deal is complete the identity of the counterparty becomes known to the other counterparty to the deal. The originating counterparty may send a More quantity message to the other party proposing a further deal at the same price. The other party may decline, partially accept, accept or accept and propose a still further amount. Credit for the further deal is drawn from an external source and the internal credit limits are temporarily increased or disabled to prevent the deal from being rejected.

摘要翻译： 金融工具的匿名交易系统包括每个执行出价和提供匹配功能的经纪节点网络和市场视图分发功能。 交易终端通过交易代理节点连接到网络。 在交易执行期间，执行信用检查，一旦交易完成，交易对手的身份将被交易的另一对手方知道。 原始交易对手可以向另一方发送更多数量的消息，以相同的价格提出进一步交易。 另一方可能会拒绝，部分接受，接受或接受并提出更多的数额。 进一步交易的信用来自外部来源，内部信用额度暂时增加或停用，以防止交易被拒绝。

公开(公告)号：US20110016038A1

公开(公告)日：2011-01-20

申请号：US12891246

申请日：2010-09-27

申请人： August M. Hochenberger ,  Edward R. Howorka ,  Neena Jain ,  John C. Gaudio ,  John R. Capuano ,  Gregory D. Mills ,  Srivathsan Krishnasami

发明人： August M. Hochenberger ,  Edward R. Howorka ,  Neena Jain ,  John C. Gaudio ,  John R. Capuano ,  Gregory D. Mills ,  Srivathsan Krishnasami

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q40/025

摘要： An anonymous trading system for financial instruments comprises a network of broking nodes each performing a bid and offer matching function and a market view distribution function. Trader terminals are connected to the network via trading agent nodes. During deal execution a credit check is performed and once the deal is complete the identity of the counterparty becomes known to the other counterparty to the deal. The originating counterparty may send a More quantity message to the other party proposing a further deal at the same price. The other party may decline, partially accept, accept or accept and propose a still further amount. Credit for the further deal is drawn from an external source and the internal credit limits are temporarily increased or disabled to prevent the deal from being rejected.

摘要翻译： 金融工具的匿名交易系统包括每个执行投标和提供匹配功能的经纪商网络和市场视图分配功能。 交易终端通过交易代理节点连接到网络。 在交易执行期间，执行信用检查，一旦交易完成，交易对手的身份将被交易的另一对手方知道。 原始交易对手可以向另一方发送更多数量的消息，以相同的价格提出进一步交易。 另一方可能会拒绝，部分接受，接受或接受并提出更多的数额。 进一步交易的信用来自外部来源，内部信用额度暂时增加或停用，以防止交易被拒绝。

公开(公告)号：US07827085B1

公开(公告)日：2010-11-02

申请号：US09603390

申请日：2000-06-23

申请人： August M. Hochenberger ,  Edward R. Howorka ,  Neena Jain ,  John C. Gaudio ,  John R. Capuano ,  Gregory D. Mills ,  Srivathsan Krishnasami

发明人： August M. Hochenberger ,  Edward R. Howorka ,  Neena Jain ,  John C. Gaudio ,  John R. Capuano ,  Gregory D. Mills ,  Srivathsan Krishnasami

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q40/025

摘要： An anonymous trading system for financial instruments comprises a network of broking nodes each performing a bid and offer matching function and a market view distribution function. Trader terminals are connected to the network via trading agent nodes. During deal execution a credit check is performed and once the deal is complete the identity of the counterparty becomes known to the other counterparty to the deal. The originating counterparty may send a More quantity message to the other party proposing a further deal at the same price. The other party may decline, partially accept, accept or accept and propose a still further amount. Credit for the further deal is drawn from an external source and the internal credit limits are temporarily increased or disabled to prevent the deal from being rejected.

摘要翻译： 金融工具的匿名交易系统包括每个执行出价和提供匹配功能的经纪节点网络和市场视图分发功能。 交易终端通过交易代理节点连接到网络。 在交易执行期间，执行信用检查，一旦交易完成，交易对手的身份将被交易的另一对手方知道。 原始交易对手可以向另一方发送更多数量的消息，以相同的价格提出进一步交易。 另一方可能会拒绝，部分接受，接受或接受并提出更多的数额。 进一步交易的信用来自外部来源，内部信用额度暂时增加或停用，以防止交易被拒绝。

公开(公告)号：US07693774B2

公开(公告)日：2010-04-06

申请号：US09896220

申请日：2001-06-29

申请人： Edward R. Howorka ,  Neena Jain ,  Steven Iaccheo ,  Vladimir Neyman ,  James Shu ,  Michael S. Merold ,  Alastair G. Crane ,  Srivathsan Krishnasami ,  Roy S. McPherson ,  Paul M. Ginsberg ,  Gregory D. Mills

发明人： Edward R. Howorka ,  Neena Jain ,  Steven Iaccheo ,  Vladimir Neyman ,  James Shu ,  Michael S. Merold ,  Alastair G. Crane ,  Srivathsan Krishnasami ,  Roy S. McPherson ,  Paul M. Ginsberg ,  Gregory D. Mills

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q20/10 ,  G06Q20/108 ,  G06Q20/40 ,  G06Q30/08 ,  G06Q40/025

摘要： An anonymous trading system comprises a network of broker nodes each of which perform price matching, deal execution and market distribution. Trader terminals on trading floors are connected to a given broker node via a trading agent node. Credit may be stored for a given trading floor at its trading agent node or at a credit agent node which stores credit limits for a group of trading floors. Where the credit limits of a party to a proposed deal are stored at a credit agent node, the deal execution process is routed through that credit agent node to check for available credit. The system allows institutions to adopt any combination of local and global credit assignments with counterparties with which it wishes to trade.

摘要翻译： 匿名交易系统包括代理节点网络，每个代理节点执行价格匹配，交易执行和市场分布。 交易大厅的交易者终端通过交易代理节点连接到给定的代理节点。 信用卡可以在其交易代理节点或信用代理节点的特定交易层面存储，该信用代理节点存储一组交易层的信用限额。 如果拟议交易的一方的信用额度存储在信用代理节点处，则交易执行过程通过该信用代理节点路由以检查可用信用。 该制度允许机构采用本地和全球信贷分配的任何组合与其希望交易的交易对手。

公开(公告)号：US20050283426A1

公开(公告)日：2005-12-22

申请号：US11125110

申请日：2005-05-10

申请人： Srivathsan Krishnasami ,  James Sinclair

发明人： Srivathsan Krishnasami ,  James Sinclair

IPC分类号： G06Q40/00 ,  G06F17/60

CPC分类号： G06Q40/04 ,  G06Q30/02 ,  G06Q30/0603 ,  G06Q40/06

摘要： An anonymous trading system comprises an interconnected network of broking nodes arranged in cliques which receive buy and sell orders from trader terminals via connected trading engines and which match persistent orders, executed deals and distribute price information to trader terminals. The system has the ability for a trader to call out for a quote (request for a quote) anonymously. RFQs are only transmitted on to potential counterparties if they are within a predetermined price range. The RFQs include a price at which the requesting party is willing to deal, but this price is not communicated potential counterparties. Counterparty responses are matches on a time, price basis and non-matched responses may be matched with themselves. Similarly, non-matched RFQs may be matched with each other.

摘要翻译： 一个匿名交易系统包括一个互相排列的经纪商节点网络，这些交易网络通过连接的交易引擎从交易者终端接收买卖订单，并且与交易者终端匹配持续订单，执行交易和分发价格信息。 该系统能够让一个交易者匿名提出报价（报价请求）。 如果RFQ在预定的价格范围内，则仅传送给潜在的对手方。 RFQ包括请求方愿意交易的价格，但这个价格不是潜在的交易对手。 对手反应是时间上的匹配，价格基础和不匹配的响应可能与自己匹配。 类似地，不匹配的RFQ可以彼此匹配。