公开(公告)号：US08566221B2

公开(公告)日：2013-10-22

申请号：US13109211

申请日：2011-05-17

申请人： Vladimir Neyman ,  Steven Iaccheo ,  Neena Jain ,  James Shu ,  Edward Howorka ,  Andrew Foray ,  Michael Merold

发明人： Vladimir Neyman ,  Steven Iaccheo ,  Neena Jain ,  James Shu ,  Edward Howorka ,  Andrew Foray ,  Michael Merold

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q30/0615 ,  G06Q40/06

摘要： Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.

摘要翻译： 联合执行类型复合订单可以在包括多个代理节点的匿名交易系统中处理，每个代理节点都包括订单匹配功能和市场分配功能。 交易代理节点连接到分组在交易层面上的多个经销商终端，并且还连接到代理节点。 联合执行订单作为订单输入，并且在打点期间由经纪人匹配，或者订单被取消。 如果进行了匹配，则在知道所有交易是可执行的情况下，收款人的交易代理商不会完成任何标记该交易的交易。 该系统可以用于允许交易者以其他货币对合成的货币对命中出价和报价。 在这种安排下，经销商以合成货币进行简单的订单，接受者的交易代理将其转换成联合执行令。

公开(公告)号：US20080040256A1

公开(公告)日：2008-02-14

申请号：US11841675

申请日：2007-08-20

申请人： Vladimir Neyman ,  Steven Iaccheo ,  Neena Jain ,  James Shu ,  Edward Howorka ,  Andrew Foray ,  Michael Merold

发明人： Vladimir Neyman ,  Steven Iaccheo ,  Neena Jain ,  James Shu ,  Edward Howorka ,  Andrew Foray ,  Michael Merold

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q30/0615 ,  G06Q40/06

摘要： Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.

摘要翻译： 联合执行类型复合订单可以在包括多个代理节点的匿名交易系统中处理，每个代理节点都包括订单匹配功能和市场分配功能。 交易代理节点连接到分组在交易层面上的多个经销商终端，并且还连接到代理节点。 联合执行订单作为订单输入，并且在打点期间由经纪人匹配，或者订单被取消。 如果进行了匹配，则在知道所有交易是可执行的情况下，收款人的交易代理商不会完成任何标记该交易的交易。 该系统可以用于允许交易者以其他货币对合成的货币对命中出价和报价。 在这种安排下，经销商以合成货币进行简单的订单，接受者的交易代理将其转换成联合执行令。

公开(公告)号：US08090643B2

公开(公告)日：2012-01-03

申请号：US11841675

申请日：2007-08-20

申请人： Vladimir Neyman ,  Steven Iaccheo ,  Neena Jain ,  James Shu ,  Edward Howorka ,  Andrew Foray ,  Michael Merold

发明人： Vladimir Neyman ,  Steven Iaccheo ,  Neena Jain ,  James Shu ,  Edward Howorka ,  Andrew Foray ,  Michael Merold

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q30/0615 ,  G06Q40/06

摘要： Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.

摘要翻译： 联合执行类型复合订单可以在包括多个代理节点的匿名交易系统中处理，每个代理节点都包括订单匹配功能和市场分配功能。 交易代理节点连接到分组在交易层面上的多个经销商终端，并且还连接到代理节点。 联合执行订单作为订单输入，并且在打点期间由经纪人匹配，或者订单被取消。 如果进行了匹配，则在知道所有交易是可执行的情况下，收款人的交易代理商不会完成任何标记该交易的交易。 该系统可以用于允许交易者以其他货币对合成的货币对命中出价和报价。 在这种安排下，经销商以合成货币进行简单的订单，接受者的交易代理将其转换成联合执行令。

公开(公告)号：US20080120223A1

公开(公告)日：2008-05-22

申请号：US12020834

申请日：2008-01-28

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

发明人： Edward Howorka ,  Vladimir Neyman ,  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：US08027895B2

公开(公告)日：2011-09-27

申请号：US12020834

申请日：2008-01-28

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

发明人： Edward Howorka ,  Vladimir Neyman ,  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.

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。

公开(公告)号：US20080120377A1

公开(公告)日：2008-05-22

申请号：US12020759

申请日：2008-01-28

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

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

IPC分类号： G06F15/16 ,  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.

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。

公开(公告)号：US20110276457A1

公开(公告)日：2011-11-10

申请号：US13109211

申请日：2011-05-17

申请人： Vladimir Neyman ,  Steven Iaccheo ,  Neena Jain ,  James Shu ,  Edward R. Howorka ,  Andrew P. Foray ,  Michael S. Merold

发明人： Vladimir Neyman ,  Steven Iaccheo ,  Neena Jain ,  James Shu ,  Edward R. Howorka ,  Andrew P. Foray ,  Michael S. Merold

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q30/0615 ,  G06Q40/06

摘要： Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.

摘要翻译： 联合执行类型复合订单可以在包括多个代理节点的匿名交易系统中处理，每个代理节点都包括订单匹配功能和市场分配功能。 交易代理节点连接到分组在交易层面上的多个经销商终端，并且还连接到代理节点。 联合执行订单作为订单输入，并且在打点期间由经纪人匹配，或者订单被取消。 如果进行了匹配，则在知道所有交易是可执行的情况下，收款人的交易代理商不会完成任何标记该交易的交易。 该系统可以用于允许交易者以其他货币对合成的货币对命中出价和报价。 在这种安排下，经销商以合成货币进行简单的订单，接受者的交易代理将其转换成联合执行令。

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。

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

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.

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。

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.