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公开(公告)号:US08566221B2
公开(公告)日:2013-10-22
申请号:US13109211
申请日:2011-05-17
申请人: Vladimir Neyman , Steven Iaccheo , Neena Jain , James Shu , Edward Howorka , Andrew Foray , Michael Merold
发明人: Vladimir Neyman , Steven Iaccheo , Neena Jain , James Shu , Edward Howorka , Andrew Foray , Michael Merold
IPC分类号: G06Q40/00
CPC分类号: G06Q40/04 , G06Q30/0615 , G06Q40/06
摘要: Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.
摘要翻译: 联合执行类型复合订单可以在包括多个代理节点的匿名交易系统中处理,每个代理节点都包括订单匹配功能和市场分配功能。 交易代理节点连接到分组在交易层面上的多个经销商终端,并且还连接到代理节点。 联合执行订单作为订单输入,并且在打点期间由经纪人匹配,或者订单被取消。 如果进行了匹配,则在知道所有交易是可执行的情况下,收款人的交易代理商不会完成任何标记该交易的交易。 该系统可以用于允许交易者以其他货币对合成的货币对命中出价和报价。 在这种安排下,经销商以合成货币进行简单的订单,接受者的交易代理将其转换成联合执行令。
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公开(公告)号:US20080040256A1
公开(公告)日:2008-02-14
申请号:US11841675
申请日:2007-08-20
申请人: Vladimir Neyman , Steven Iaccheo , Neena Jain , James Shu , Edward Howorka , Andrew Foray , Michael Merold
发明人: Vladimir Neyman , Steven Iaccheo , Neena Jain , James Shu , Edward Howorka , Andrew Foray , Michael Merold
IPC分类号: G06Q40/00
CPC分类号: G06Q40/04 , G06Q30/0615 , G06Q40/06
摘要: Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.
摘要翻译: 联合执行类型复合订单可以在包括多个代理节点的匿名交易系统中处理,每个代理节点都包括订单匹配功能和市场分配功能。 交易代理节点连接到分组在交易层面上的多个经销商终端,并且还连接到代理节点。 联合执行订单作为订单输入,并且在打点期间由经纪人匹配,或者订单被取消。 如果进行了匹配,则在知道所有交易是可执行的情况下,收款人的交易代理商不会完成任何标记该交易的交易。 该系统可以用于允许交易者以其他货币对合成的货币对命中出价和报价。 在这种安排下,经销商以合成货币进行简单的订单,接受者的交易代理将其转换成联合执行令。
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公开(公告)号:US20080120223A1
公开(公告)日:2008-05-22
申请号:US12020834
申请日:2008-01-28
申请人: Edward Howorka , Vladimir Neyman , Steven Iaccheo , Neena Jain , James Shu
发明人: Edward Howorka , Vladimir Neyman , Steven Iaccheo , Neena Jain , James Shu
IPC分类号: G06Q40/00
摘要: An anonymous trading system comprises a network of broker nodes, each of which have an equal status and can match orders, initiate deals and distribute prices. Trading agents are connected to some or all of the broker nodes. The network is arranged to conform to a series of rules and in a preferred embodiment the brokers are arranged as a clique tree.
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公开(公告)号:US08090643B2
公开(公告)日:2012-01-03
申请号:US11841675
申请日:2007-08-20
申请人: Vladimir Neyman , Steven Iaccheo , Neena Jain , James Shu , Edward Howorka , Andrew Foray , Michael Merold
发明人: Vladimir Neyman , Steven Iaccheo , Neena Jain , James Shu , Edward Howorka , Andrew Foray , Michael Merold
IPC分类号: G06Q40/00
CPC分类号: G06Q40/04 , G06Q30/0615 , G06Q40/06
摘要: Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.
摘要翻译: 联合执行类型复合订单可以在包括多个代理节点的匿名交易系统中处理,每个代理节点都包括订单匹配功能和市场分配功能。 交易代理节点连接到分组在交易层面上的多个经销商终端,并且还连接到代理节点。 联合执行订单作为订单输入,并且在打点期间由经纪人匹配,或者订单被取消。 如果进行了匹配,则在知道所有交易是可执行的情况下,收款人的交易代理商不会完成任何标记该交易的交易。 该系统可以用于允许交易者以其他货币对合成的货币对命中出价和报价。 在这种安排下,经销商以合成货币进行简单的订单,接受者的交易代理将其转换成联合执行令。
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公开(公告)号:US08027895B2
公开(公告)日:2011-09-27
申请号:US12020834
申请日:2008-01-28
申请人: Edward Howorka , Vladimir Neyman , Steven Iaccheo , Neena Jain , James Shu
发明人: Edward Howorka , Vladimir Neyman , Steven Iaccheo , Neena Jain , James Shu
IPC分类号: G06Q40/00
摘要: An anonymous trading system comprises a network of broker nodes, each of which have an equal status and can match orders, initiate deals and distribute prices. Trading agents are connected to some or all of the broker nodes. The network is arranged to conform to a series of rules and in a preferred embodiment the brokers are arranged as a clique tree.
摘要翻译: 匿名交易系统包括经纪人节点的网络,每个代理节点具有相等的状态并且可以匹配订单,发起交易并分发价格。 交易代理连接到部分或全部代理节点。 网络被设置为符合一系列规则,并且在优选实施例中,经纪人被布置为集团树。
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公开(公告)号:US20080120377A1
公开(公告)日:2008-05-22
申请号:US12020759
申请日:2008-01-28
申请人: Edward Howorka , Vladimir Neyman , Steven Iaccheo , Neena Jain , James Shu
发明人: Edward Howorka , Vladimir Neyman , Steven Iaccheo , Neena Jain , James Shu
摘要: An anonymous trading system comprises a network of broker nodes, each of which have an equal status and can match orders, initiate deals and distribute prices. Trading agents are connected to some or all of the broker nodes. The network is arranged to conform to a series of rules and in a preferred embodiment the brokers are arranged as a clique tree.
摘要翻译: 匿名交易系统包括经纪人节点的网络,每个代理节点具有相等的状态并且可以匹配订单,发起交易并分发价格。 交易代理连接到部分或全部代理节点。 网络被设置为符合一系列规则,并且在优选实施例中,经纪人被布置为集团树。
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公开(公告)号:US08200570B2
公开(公告)日:2012-06-12
申请号:US12436259
申请日:2009-05-06
申请人: James Sinclair , James O'Hagan , Edward Howorka , Neena Jain
发明人: James Sinclair , James O'Hagan , Edward Howorka , Neena Jain
IPC分类号: G06Q40/00
CPC分类号: G06Q40/04 , G06Q30/0601
摘要: An anonymous trading system includes a prime broker facility that allows a third party to trade on behalf of an institution. A deal is executed between the third party and a counter-party and a further deal is then executed between the third party and the party on whose behalf it has traded. The second deal may be for the same amount as the first deal or may be altered to include the third party's fee for conducting the first deal. Clients of the third party have prices available to them for trades made via the third party which are displayed at their trader terminals. The client sees that a better price is available though the third party than by dealing direct and selects to conduct a deal through the third party.
摘要翻译: 一个匿名的交易系统包括一个主要的经纪人设施,允许第三方代表一个机构进行交易。 第三方与对方之间签订协议,再由第三方与其交易的代理方签订进一步协议。 第二笔交易可能与第一笔交易相同,或可能被更改,以包括第三方进行第一笔交易的费用。 第三方的客户可以通过第三方在其交易终端上显示的交易获得价格。 客户认为,通过第三方可以获得更好的价格,而不是直接交易,并通过第三方进行交易。
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公开(公告)号:US20060259391A1
公开(公告)日:2006-11-16
申请号:US10532968
申请日:2003-10-21
申请人: John Schoen , Nasir Zubairi , Edward Howorka , Neena Jain
发明人: John Schoen , Nasir Zubairi , Edward Howorka , Neena Jain
IPC分类号: G06Q40/00
CPC分类号: G06Q40/04 , G06Q20/10 , G06Q30/08 , G06Q40/025
摘要: An anonymous computerised trading system matches orders by conducting auctions at specified times. As well as entering orders, participants assign credit limits for the duration of the auction, thus minimising the time for which credit is allocated to the system.
摘要翻译: 匿名电脑交易系统通过在指定时间进行拍卖来匹配订单。 除了输入订单,参与者在拍卖期间分配信用限额,从而最大限度地减少信贷分配给系统的时间。
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公开(公告)号:US20050171895A1
公开(公告)日:2005-08-04
申请号:US10983170
申请日:2004-11-05
IPC分类号: G06F20060101 , G06F1/00 , G06Q40/00 , G06F17/60
CPC分类号: G06Q40/04 , G06Q30/0283 , G06Q40/00
摘要: Benchmarks for the price of a financial instrument such as FX spot rate for a currency pair are calculated by an algorithm based on a previous benchmark and a market price. The market price is derived from a deal price and a quote price. The deal price is based on deals conducted since the last benchmark and the quote price is based on bids and offers entered since the last benchmark. For each of the deal and quote prices, a price, weight and scatter is calculated which is used to calculate a benchmark price, weight and scatter and a benchmark error.
摘要翻译: 基于先前基准和市场价格的算法计算货币对的外汇现货汇率等金融工具价格的基准。 市场价格来自交易价格和报价。 交易价格是基于上一次基准交易以来的交易价格,报价是根据自上次基准测试以来的报价和报价。 对于交易和报价中的每一种,计算价格,重量和分散度,用于计算基准价格,重量和分散度以及基准误差。
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公开(公告)号:US08416801B2
公开(公告)日:2013-04-09
申请号:US12916875
申请日:2010-11-01
CPC分类号: G06Q40/04
摘要: In a trading system market data from a matching engine is distributed by a broker to a plurality of trading floors repeatedly every T seconds, typically one second. This one second distribution period is divided into a plurality of time slots and each trading floor is randomly assigned to a slot. Data for a given trading floor is calculated and distributed during the time slot assigned to that floor. The position of a trading floor relative to others is varied by swapping a pair of adjacent time slots every J distribution periods.
摘要翻译: 在交易系统市场中,来自匹配引擎的数据由经纪人每T秒(通常为1秒)重复地分发到多个交易大厅。 这一个第二分发周期被分成多个时隙,并且每个交易台被随机分配给一个时隙。 给定交易大厅的数据在分配给该楼层的时段内进行计算和分配。 通过在每J个分配周期交换一对相邻的时隙来改变交易大厅相对于他人的位置。
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