Method and system for internal matching

    公开(公告)号:US11120501B2

    公开(公告)日:2021-09-14

    申请号:US17025540

    申请日:2020-09-18

    Abstract: A system and method for internal matching of electronic trading orders is provided. Orders for electronic trading are reviewed for potential matches in an internal order book of an internal matching system. If no potential matches are available, the order is listed on both the internal order book for the internal matching system and on the book of orders for the electronic exchange. If a potential match is available, the order is tentatively matched with a resting order on the internal order book. A message is sent to the electronic exchange to cancel the resting order on the book of exchange order book. If the deletion is successful, the order and the resting order are matched. If the deletion is unsuccessful, the internal order book on the internal matching system is checked again for a potential match.

    Method and Apparatus For A Fair Exchange

    公开(公告)号:US20210035216A1

    公开(公告)日:2021-02-04

    申请号:US17066129

    申请日:2020-10-08

    Abstract: A fair exchange is disclosed to reduce potential inequities in an electronic trading environment. Market data is sent from a host system to client devices through one or more synchronized local communication servers such that the data can be displayed simultaneously or nearly simultaneously at each client device. Market data sent to client devices might include price information. Likewise, a host system may transaction data sent from client devices via the local communication servers. The ordering of transaction data is based, at least in part, on when the local communication servers received the transaction data from the client devices. Transaction data sent to a host system might include order information.

    Method and apparatus for message flow and transaction queue management

    公开(公告)号:US10817944B2

    公开(公告)日:2020-10-27

    申请号:US16691121

    申请日:2019-11-21

    Abstract: Management of transaction message flow utilizing a transaction message queue. The system and method are for use in financial transaction messaging systems. The system is designed to enable an administrator to monitor, distribute, control and receive alerts on the use and status of limited network and exchange resources. Users are grouped in a hierarchical manner, preferably including user level and group level, as well as possible additional levels such as account, tradable object, membership, and gateway levels. The message thresholds may be specified for each level to ensure that transmission of a given transaction does not exceed the number of messages permitted for the user, group, account, etc.

    CLICK BASED TRADING WITH MARKET DEPTH DISPLAY
    8.
    发明申请
    CLICK BASED TRADING WITH MARKET DEPTH DISPLAY 审中-公开
    基于市场深度显示的点击式交易

    公开(公告)号:US20140180898A1

    公开(公告)日:2014-06-26

    申请号:US14190319

    申请日:2014-02-26

    CPC classification number: G06Q40/04 G06Q40/00 G06Q40/06

    Abstract: A method and system for reducing the time it takes for a trader to place a trade when electronically trading commodities on an exchange, thus increasing the likelihood that the trader will have orders filled at desirable prices and quantities. Click based trading, as described herein and specifically the “Click” and “Dime” methods of the present invention, enables a trader to execute single mouse click trades for large volumes of commodities at a price within a pre-specified range.

    Abstract translation: 一种方法和系统,用于减少交易者在交易所上电子交易商品时进行交易所需的时间,从而增加交易者以可取的价格和数量填写订单的可能性。 按照本文所描述的具体点击“点击”和“Dime”方法的点击式交易使得交易者能够以预定范围内的价格对大量商品执行单个鼠标点击交易。

    SYSTEM AND METHOD FOR RISK MANAGEMENT USING AVERAGE EXPIRATION TIMES
    9.
    发明申请
    SYSTEM AND METHOD FOR RISK MANAGEMENT USING AVERAGE EXPIRATION TIMES 有权
    使用平均时间延迟风险管理的系统和方法

    公开(公告)号:US20140025556A1

    公开(公告)日:2014-01-23

    申请号:US14032733

    申请日:2013-09-20

    CPC classification number: G06Q40/04 G06Q40/00 G06Q40/06 G06Q40/08

    Abstract: A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Average expirations for the generic spread are computed. Using the spread positions, the average expirations and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders.

    Abstract translation: 保证金要求在交易时计算。 保证金要求可以在交易时计算,因为首选系统考虑到工作单以产生保证金要求。 飞行可能性允许首选系统提供交易前风险计算,但也可用于提供交易后计算。 确定通用扩展号码和最大直接位置数。 计算通用价差的平均期限。 使用差价头寸,计算平均到期日和最大直立头寸数,差价利润和直接余额,当总和提供总保证金要求时。 部分基于总保证金要求的限制可能会对一个或多个交易者施加。

    SYSTEM AND METHOD FOR RISK MANAGEMENT
    10.
    发明申请
    SYSTEM AND METHOD FOR RISK MANAGEMENT 有权
    风险管理系统与方法

    公开(公告)号:US20130132259A1

    公开(公告)日:2013-05-23

    申请号:US13740893

    申请日:2013-01-14

    CPC classification number: G06Q40/04 G06Q40/00 G06Q40/06

    Abstract: A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Using the spread positions and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders.

    Abstract translation: 保证金要求在交易时计算。 保证金要求可以在交易时计算,因为首选系统考虑到工作单以产生保证金要求。 飞行可能性允许首选系统提供交易前风险计算,但也可用于提供交易后计算。 确定通用扩展号码和最大直接位置数。 使用差价头寸和最大数量的直接头寸,计算差价保证金和直接保证金,当总和提供总保证金要求时。 部分基于总保证金要求的限制可能会对一个或多个交易者施加。

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