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    • 5. 发明申请
    • AUTOMATED TRADING SYSTEM
    • 自动交易系统
    • WO2004012119A1
    • 2004-02-05
    • PCT/US2003/021206
    • 2003-07-07
    • ELECTRONIC BROKING SERVICES LIMITEDSETZ, Karen, IlseMALKIN, SnezhanaRIORDAN, TraceyHOWORKA, Edward, R.MAH, Leong, FaiSCULLY, Steven, J.SINCLAIR, James
    • SETZ, Karen, IlseMALKIN, SnezhanaRIORDAN, TraceyHOWORKA, Edward, R.MAH, Leong, FaiSCULLY, Steven, J.SINCLAIR, James
    • G06F17/60
    • G06Q40/04G06Q20/10G06Q40/00G06Q40/06
    • A computerized trading system (2) for trading instruments between counter parties of the type in which quotes to bid or offer instruments are matched with orders to buy or sell instruments. A quote screening function (24) is configured to accept quotes specifying a quote amount and a price where the quote amount is greater than a minimum quote amount to produce screened quote messages and to reject quotes specifying a quote amount less than the minimum quote amount. A market view generator (28) generates market views from the quotes which specifies an amount greater than or equal to the minimum quote amount. An order screening function (32) is configured to only accept orders specifying an amount less than a maximum transaction amount submitted in response to the market views to produce screen order messages. A transaction processor (30) is configured to receive screened quote messages and screened order messages and to match the screened order messages with the appropriate screened quote messages. The minimum quote amount is substantially equal to or greater than the maximum transaction amount, whereby a screened order message can be matched entirely with one screened quote message.
    • 一种电子交易系统(2),用于交易双方之间的交易工具,其中报价或报价工具的报价与买卖手段的订单相匹配。 报价筛选功能(24)被配置为接受报价指定报价金额和报价金额大于最低报价金额的报价,以产生筛选报价信息,并拒绝指定低于最低报价金额的报价单的报价。 市场视图生成器(28)根据报价产生市场观点,其中指定的金额大于或等于最低报价金额。 订单筛选功能(32)被配置为仅接受指定小于根据市场视图提交的最大交易金额的数量以产生屏幕订单消息的订单。 交易处理器(30)被配置为接收筛选的报价消息和筛选的订单消息,并且将筛选的订单消息与适当的筛选报价消息相匹配。 最小报价金额基本上等于或大于最大交易金额,从而筛选的订单消息可以完全与一个已筛选的报价消息相匹配。