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1.
公开(公告)号:US08548892B2
公开(公告)日:2013-10-01
申请号:US10983170
申请日:2004-11-05
IPC分类号: G06Q40/00
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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2.
公开(公告)号:US20090171829A1
公开(公告)日:2009-07-02
申请号:US12365339
申请日:2009-02-04
IPC分类号: G06Q40/00
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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3.
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:US08055572B2
公开(公告)日:2011-11-08
申请号:US10532968
申请日:2003-10-21
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 minimizing 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:US20110010288A1
公开(公告)日:2011-01-13
申请号:US12858741
申请日:2010-08-18
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 minimizing 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:US10430877B2
公开(公告)日:2019-10-01
申请号:US12858741
申请日:2010-08-18
摘要: An anonymous computerized 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 minimizing the time for which credit is allocated to the system.
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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。
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公开(公告)号:US07882017B2
公开(公告)日:2011-02-01
申请号:US12825534
申请日:2010-06-29
申请人: Edward R. Howorka , Neena Jain , Steven Iaccheo , Vladimir Neyman , James Shu
发明人: Edward R. Howorka , Neena Jain , Steven Iaccheo , Vladimir Neyman , James Shu
IPC分类号: G06Q40/00
CPC分类号: G06Q40/04 , G06Q40/00 , G06Q40/025
摘要: An anonymous trading system comprises an interconnected network of broking noted 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. Where two orders are matched, a proposed deal message is sent by the matching broker. If another broker has processed an event which makes the matched quote unavailable the match fails and rematch may occur. Rematch may be attempted by an intermediate broker provided it owns one side of the match, or it received both sides of the match from brokers in different cliques. The intermediate broker attempts to match with the next available quote in the queue.
摘要翻译: 一个匿名交易系统包括一个相互联系的经纪网络,这些经纪人安排在集合中,通过连接的交易引擎从交易者终端接收买卖订单,并且匹配持续订单,执行交易并向交易者终端分发价格信息。 如果两个订单匹配,则由匹配经纪人发送一个提议的交易信息。 如果另一个经纪人处理了一个使匹配报价不可用的事件,则匹配失败,并可能发生重新匹配。 中间经纪人可以尝试重新分配,只要它拥有比赛的一面,或者从不同角色的经纪人收到比赛的双方。 中间代理尝试与队列中的下一个可用报价相匹配。
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公开(公告)号:US07366690B1
公开(公告)日:2008-04-29
申请号:US09602498
申请日:2000-06-23
申请人: Edward R. Howorka , Vladimir Neyman , Steven Iaccheo , Neena Jain , James Shu
发明人: Edward R. 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: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。
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