Trade execution methods and systems

    公开(公告)号:US08359260B2

    公开(公告)日:2013-01-22

    申请号:US13284308

    申请日:2011-10-28

    IPC分类号: G06Q40/00

    CPC分类号: G06Q40/04 G06Q40/00

    摘要: One embodiment of the present invention relates to securities trading using electronic systems. Another embodiment of the present invention relates to a computer implemented trade execution method, comprising: sending from an execution venue to each of a plurality of smart order routers a notification message; receiving at each of the smart order routers the notification message sent thereto, wherein the notification message notifies each of the smart order routers about the presence of a non-displayed priced order at the execution venue; sending from at least one of the smart order routers to the execution venue at least one order to execute against the non-displayed priced order; receiving at the execution venue each order sent from each of the smart order routers; and executing at least one order received from at least one of the smart order routers against the non-displayed priced order.

    TRADE EXECUTION METHODS AND SYSTEMS
    2.
    发明申请
    TRADE EXECUTION METHODS AND SYSTEMS 有权
    贸易执行方法和制度

    公开(公告)号:US20130132258A1

    公开(公告)日:2013-05-23

    申请号:US13738595

    申请日:2013-01-10

    IPC分类号: G06Q40/04

    CPC分类号: G06Q40/04 G06Q40/00

    摘要: One embodiment of the present invention relates to securities trading using electronic systems. Another embodiment of the present invention relates to a computer implemented trade execution method, comprising: sending from an execution venue to each of a plurality of smart order routers a notification message; receiving at each of the smart order routers the notification message sent thereto, wherein the notification message notifies each of the smart order routers about the presence of a non-displayed priced order at the execution venue; sending from at least one of the smart order routers to the execution venue at least one order to execute against the non-displayed priced order; receiving at the execution venue each order sent from each of the smart order routers; and executing at least one order received from at least one of the smart order routers against the non-displayed priced order.

    摘要翻译: 本发明的一个实施例涉及使用电子系统的证券交易。 本发明的另一实施例涉及一种计算机实现的交易执行方法,包括:从执行场地向多个智能订单路由器中的每一个发送通知消息; 在所述智能订单路由器中接收发送给所述智能订单路由器的通知消息,其中所述通知消息在所述执行场地通知所述智能订单路由器中有关未显示定价订单的存在; 从至少一个智能订单路由器发送至执行场所至少一个订单以针对未显示的定价订单执行; 在执行场地接收从每个智能订单路由器发送的每个订单; 以及执行从所述智能订单路由器中的至少一个接收的至少一个订单相对于未显示的定价订单。