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    • 2. 发明申请
    • COMPUTER-BASED SYSTEM AND METHOD FOR EXECUTING ORDERS
    • 基于计算机的系统及其执行方法
    • WO2006039815A1
    • 2006-04-20
    • PCT/CA2005/001595
    • 2005-10-14
    • TSX INC.ALLEN, Gregory Arthur
    • ALLEN, Gregory Arthur
    • G06Q30/00H04L12/16
    • G06Q40/04
    • The present invention provides a novel system and method for executing orders. In an embodiment, a system for executing orders includes a communications gateway through which orders and intents can be passed to an internalization engine. The internalization is operable to maintain intents anf compare them with incoming orders, and with market feeds of best bid offers, in order to match up certain incoming orders with intents from the same firm in accordance with market rules. Where no match is made, the order is passed to a trading engine, also connected to the communications gateway, so that the order can be processed in the usual manner. Where a match is made, an appropriate portion of the intent is paired with the order and a trade notification is sent to the trading engine for processing in the usual manner.
    • 本发明提供了一种用于执行订单的新型系统和方法。 在一个实施例中,用于执行订单的系统包括通信网关,通过该网关可以将订单和意图传递给内部化引擎。 内部化是可操作的,以保持意向,并将其与新订单进行比较,并与最佳出价报价进行市场交易,以便根据市场规则将同一企业的意向与特定订单进行匹配。 在没有匹配的情况下,该订单被传递给也连接到通信网关的交易引擎,使得可以以通常的方式处理订单。 如果进行比赛,意图的适当部分与订单配对,并且交易通知被发送到交易引擎以便以常规方式进行处理。