公开(公告)号：US20070027797A1

公开(公告)日：2007-02-01

申请号：US11495254

申请日：2006-07-27

申请人： Matthew Claus ,  Kevin Foley ,  Nigel Renton

发明人： Matthew Claus ,  Kevin Foley ,  Nigel Renton

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q40/00

摘要： A system for managing trading orders comprises a memory operable to store a trade credit associated with a trader. The system further comprises a processor operable to receive a trading order from the trader and determine the trade credit associated with the trader. If the received trading order is a passive trading order, the processor is further operable to increase the trade credit and submit the received trading order for execution. If the received trading order is an aggressive trading order, the processor is further operable to calculate a decrease of the trade credit. If subtracting the calculated decrease from the trade credit would not cause the trade credit to be less than a configurable threshold, the processor is further operable to submit the received trading order for execution and subtract the calculated decrease from the trade credit. If subtracting the calculated decrease from the trade credit would cause the trade credit to be less than the configurable threshold, the processor is further operable to prevent the execution of the received trading order.

摘要翻译： 用于管理交易订单的系统包括可操作以存储与交易者相关联的交易信用的存储器。 该系统还包括处理器，其可操作以从交易者接收交易订单并确定与交易者相关联的交易信用。 如果接收到的交易订单是被动交易订单，则处理器可进一步操作以增加交易信用并提交所接收的交易订单以供执行。 如果收到的交易订单是一个积极的交易订单，处理器可以进一步操作来计算交易信贷的减少。 如果从贸易信贷中减去所计算的减少量不会导致贸易信贷小于可配置的阈值，则处理器可进一步操作以提交所接收的交易订单以执行，并从所述贸易信用中减去所计算的减少量。 如果从贸易信用减去计算的减少量将导致贸易信用额小于可配置的阈值，则处理器进一步可操作以防止执行所接收的交易订单。

公开(公告)号：US20070027796A1

公开(公告)日：2007-02-01

申请号：US11495236

申请日：2006-07-27

申请人： Matthew Claus ,  Kevin Foley ,  Nigel Renton

发明人： Matthew Claus ,  Kevin Foley ,  Nigel Renton

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q30/0251 ,  G06Q40/00 ,  G06Q40/06 ,  G06Q50/188

摘要： A system for managing trading orders comprises a memory operable to store a trader list that is associated with a first trader and that designates one or more other traders. The system further comprises a processor communicatively coupled to the memory and operable to receive a trading order from the first trader. The processor is further operable to transmit the trading order to a plurality of traders, wherein the plurality of traders does not comprise any of the one or more designated traders from the trader list. The processor is further operable to prevent the transmission of the trading order to the one or more designated traders.

摘要翻译： 用于管理交易订单的系统包括可操作地存储与第一交易者相关联并指定一个或多个其他交易者的交易者列表的存储器。 该系统还包括通信地耦合到存储器并且可操作以从第一交易者接收交易订单的处理器。 处理器还可操作地将交易订单传送到多个交易者，其中多个交易者不包括来自交易者列表的一个或多个指定交易者中的任何一个。 处理器还可操作以防止向一个或多个指定交易者传送交易订单。

公开(公告)号：US20070027795A1

公开(公告)日：2007-02-01

申请号：US11495235

申请日：2006-07-27

申请人： Matthew Claus ,  Kevin Foley ,  Nigel Renton

发明人： Matthew Claus ,  Kevin Foley ,  Nigel Renton

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q30/0251 ,  G06Q40/00 ,  G06Q40/06 ,  G06Q50/188

摘要： A system for managing trading orders comprises a memory operable to store a trader list that is associated with a first trader and that designates one or more other traders. The system further comprises a processor communicatively coupled to the memory and operable to receive a trading order from the first trader, wherein the trading order is for an order quantity of a first trading product. The processor is further operable to determine a first portion and a second portion of the order quantity. The processor is further operable to disclose the first portion of the order quantity to a plurality of traders. If a configurable condition is satisfied, the processor is further operable to disclose the second portion of the order quantity to one or more traders that are not designated by the trader list and to prevent the disclosure of the second portion of the order quantity to the one or more designated traders from the trader list.

摘要翻译： 用于管理交易订单的系统包括可操作地存储与第一交易者相关联并指定一个或多个其他交易者的交易者列表的存储器。 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第一交易者接收交易订单，其中交易订单用于第一交易产品的订单数量。 处理器还可操作以确定订单数量的第一部分和第二部分。 处理器还可操作以将订单数量的第一部分公开给多个交易者。 如果满足可配置条件，则处理器还可操作地将订单数量的第二部分公开给未被交易者列表指定的一个或多个交易者，并且防止将订单数量的第二部分公开到一个 或更多指定的交易者。

公开(公告)号：US20050091142A1

公开(公告)日：2005-04-28

申请号：US10694872

申请日：2003-10-28

申请人： Nigel Renton ,  Michael Sweeting

发明人： Nigel Renton ,  Michael Sweeting

IPC分类号： G06Q40/04 ,  G06F17/60

CPC分类号： G06Q40/04

摘要： According to one embodiment, a method of managing trading is provided. A first bid for a first instrument is received from a first market maker at a first bid price. A first offer for the first instrument is received from a second market maker at a first offer price, the first offer price being lower than the first bid price. As a result of the first offer price being lower than the first bid price, the first bid price is automatically decreased to match the first offer price, and a first timer having a predetermined duration is started. If the first timer expires and both the first bid and the first offer exist at the first offer price when the first timer expires, a trade between the first bid and the first offer is automatically executed.

摘要翻译： 根据一个实施例，提供了管理交易的方法。 以第一个投标价格从第一个制造商收到第一个工具的首次投标。 第一笔票据的第一笔报价以第一个报价价格从第二个制造商收到，第一个报价低于第一个报价。 由于第一报价价格低于第一投标价格，第一投标价格自动降低以匹配第一报价价格，并且开始具有预定持续时间的第一定时器。 如果第一定时器到期，并且当第一定时器到期时，第一出价和第一报价都以第一报价价格存在，则自动执行第一出价和第一报价之间的交易。

公开(公告)号：US20060265309A1

公开(公告)日：2006-11-23

申请号：US11133767

申请日：2005-05-20

申请人： Michael Sweeting ,  Dinesh Kerai ,  Nigel Renton ,  Anthony Seeto

发明人： Michael Sweeting ,  Dinesh Kerai ,  Nigel Renton ,  Anthony Seeto

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04

摘要： According to one embodiment, a method of managing trading is provided. A trading order intended for a trading exchange is received from a trader, the trading order having an associated trading order price. A group of distributed trading orders is automatically generated based at least on the trading order price and a set of pre-configured distribution parameters associated with the trading order. The group of distributed trading orders is distributed over a multiple price levels. The generated group of distributed trading orders is automatically submitted to the trading exchange.

公开(公告)号：US20060020536A1

公开(公告)日：2006-01-26

申请号：US10895668

申请日：2004-07-21

申请人： Nigel Renton ,  Michael Sweeting

发明人： Nigel Renton ,  Michael Sweeting

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q40/00

摘要： According to one embodiment, a method of managing trading is provided. A first offer for a particular instrument in a particular market is received from a first market maker at a first offer price. A first bid for the same particular instrument in the same particular market is received from a second market maker at a first bid price, the first bid price being higher than or equal to the first offer price. As a result of the first bid price being higher than or equal to the first offer price, the first offer price is automatically increased to a price higher than the first bid price such that a trade is not executed between the first offer and the first bid. In some embodiments, such method may be used to protect market makers from unwanted trades caused by inherent latency in the market makers' pricing engines and/or networks.

摘要翻译： 根据一个实施例，提供了管理交易的方法。 特定市场上的特定仪器的首次报价以第一个报价价格从第一个制造商收到。 在同一特定市场中对同一特定工具的首次投标以第一投标价格从第二个制造商处收到，第一个投标价格高于或等于第一个报价。 由于第一个投标价格高于或等于首次报价，第一个报价价格自动增加到高于第一个投标价格的价格，使得第一个报价和第一个投标之间没有执行交易 。 在一些实施例中，这种方法可以用于保护制造商免受由市场制造商的定价引擎和/或网络中的固有延迟引起的不必要的交易。