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：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：US07636683B1

公开(公告)日：2009-12-22

申请号：US09786736

申请日：1998-09-11

申请人： Gregory D. Mills ,  Neena Jain ,  Edward R. Howorka

发明人： Gregory D. Mills ,  Neena Jain ,  Edward R. Howorka

IPC分类号： G06Q40/00

CPC分类号： G06Q20/40 ,  G06Q40/04

摘要： Computerized trading system for trading financial instruments having a communication network connecting traders dealing in financial instruments and a plurality of trader terminals connected to the communication network. The communication network comprises a credit store for storing an indication of credit available from each credit granting entity, a price distributor for distributing the price quotation messages to trader terminal for display, a credit filter to filter the price quotation messages to each trader terminal associated with at least one credit granting entity.

摘要翻译： 用于交易金融工具的计算机化交易系统，其具有连接处理金融工具的交易者和连接到通信网络的多个交易者终端的通信网络。 通信网络包括用于存储来自每个信用授予实体的可用信用指示的信用商店，用于将价格报价消息分发给交易者终端进行显示的信用过滤器，用于将价格报价消息过滤到与 至少一个信用授予单位。

公开(公告)号：US06343278B1

公开(公告)日：2002-01-29

申请号：US09390621

申请日：1999-09-03

申请人： Neena Jain ,  Gregory D. Mills ,  Edward R. Howorka

发明人： Neena Jain ,  Gregory D. Mills ,  Edward R. Howorka

IPC分类号： G06F1760

CPC分类号： G06Q40/04 ,  G06Q40/06

摘要： An improved multiple order facility for a computerized trading system in which a first trader submits a plurality of orders for display and acceptance by other traders, including a first subsystem which permits the first trader to simultaneously generate a plurality of orders, and a second subsystem which displays the orders at computer terminals of the other traders to whom the orders were sent. Using the first subsystem, the first trader selects one or more financial instruments associated with a respective one of the orders from a displayed list of related financial instruments, selects a common quantity to be applied to each of the orders, and selects, for each order, a respective price at which the first trader is willing to buy or sell the financial instrument associated with that order. Each of the orders is then sent to a plurality of other trading using the computerized trading system. The second subsystem provides a display of the orders at computer terminals for each of the other traders to whom the orders were sent. Each order display includes the price for the financial instrument associated with the order as selected by the first trader; and an available quantity of the financial instrument associated with the order, the available quantity initially being equal to the common quantity set by the first trader and being reduced whenever a deal is made covering only a part of any of the plurality of orders by any of the other traders.

摘要翻译： 一种用于计算机化交易系统的改进的多订单设施，其中第一交易者提交多个订单以供其他交易者显示和接受，包括允许第一交易者同时生成多个订单的第一子系统，以及第二子系统 在发送订单的其他交易者的电脑终端显示订单。 使用第一子系统，第一交易者从显示的相关金融工具列表中选择与相应一个订单相关联的一个或多个金融工具，选择要应用于每个订单的共同数量，并针对每个订单选择 ，第一交易者愿意购买或出售与该订单相关的金融工具的相应价格。 然后使用计算机交易系统将每个订单发送到多个其他交易。 第二个子系统为每个发送订单的其他交易者显示计算机终端上的订单。 每个订单显示包括与第一交易者选择的订单相关联的金融工具的价格; 以及与订单相关联的金融工具的可用数量，可用数量最初等于第一交易者设定的共同数量，并且当交易仅通过以下任何方式仅覆盖多个订单中的任何一个的一部分时 其他交易者。

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：US08055572B2

公开(公告)日：2011-11-08

申请号：US10532968

申请日：2003-10-21

申请人： John Edward Schoen ,  Nasir Ahmed Zubairi ,  Edward R. Howorka ,  Neena Jain

发明人： John Edward Schoen ,  Nasir Ahmed Zubairi ,  Edward R. 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 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。

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：US07937306B2

公开(公告)日：2011-05-03

申请号：US12020759

申请日：2008-01-28

申请人： Vladimir Neyman ,  Edward R. Howorka ,  Steven Iaccheo ,  Neena Jain ,  James Shu

发明人： Vladimir Neyman ,  Edward R. Howorka ,  Steven Iaccheo ,  Neena Jain ,  James Shu

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  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.

公开(公告)号：US20110010288A1

公开(公告)日：2011-01-13

申请号：US12858741

申请日：2010-08-18

申请人： John Edward Schoen ,  Nasir Ahmed Zubairi ,  Edward R. Howorka ,  Neena Jain

发明人： John Edward Schoen ,  Nasir Ahmed Zubairi ,  Edward R. 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 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。

公开(公告)号：US20100268636A1

公开(公告)日：2010-10-21

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。