限价订单相关的专利数据

序号	专利名	申请号	申请日	公开（公告）号	公开（公告）日	发明人
141	METHOD AND SYSTEM FOR GENERATING A DUAL QUOTE	PCT/US0333189	2003-10-17	WO2004036389A2	2004-04-29	ALLEN ANNE E; WERBEN WILLIAM C
An inside quote and a liquidity quote are generated for a security. The inside quote is a conventional best bid and best offer with associated size or number of shares at each price. The liquidity quote is priced outside the best bid and offer and includes the size or number of limit orders priced between the respective bid and offer prices of the inside quote and the liquidity quote. Firm trader or investor interest that is not reflected in limit orders is also included in the size of the liquidity quote. The firm interest may be anonymous. Updates to the liquidity quote occur on a less frequent basis than the inside quote. A bunching parameter helps to determine the liquidity quote update frequency.
142	Method for displaying market data and entering trading orders	US11336154	2006-01-21	US20070174173A1	2007-07-26	Steven Brucato
A GUI display and method for mapping market prices and volumes for facilitating electronic trading of a traded instrument. A plurality of prices in the market are displayed for the traded instrument, together with a plurality of corresponding market volumes. Each of the market values may be positioned on the display in a two-dimensional “map” or range of ascending or descending order based on quantity, enabling a trader to quickly assess price levels and relative sizes of corresponding volumes which are active in the market. Working limit orders and working stop orders corresponding to the prices may also be displayed. Aggregate order quantities and/or orders in queue may be displayed. The volume range of the market volumes may be adjusted.
143	IDEAL LATENCY FLOOR	PCT/US2014/072796	2014-12-30	WO2016018453A1	2016-02-04	MELTON, Hayden Paul
The invention relates to a system and method for providing a latency floor for an electronic trading venue in which market participants who can respond within the value the floor and choose to compete in a specific race to make or take a price may each have a substantially equal chance of winning that race. The system may detect and distinguish individual "races" that occur on an electronic trading venue. Upon detection of the first order (or message) in such a race, the system may create a batch and a timer for that race. As orders pertaining to that race are received, they are added to its batch. Upon the timer reaching a predetermined value, typically the value of the floor, the race is determined to have ended and the orders are drained from the batch for processing (e.g., against the instrument's central limit order book (CLOB)).
144	ORDER MANAGEMENT SYSTEM AND METHOD FOR LIMITED COUNTERPART TRANSACTIONS	EP14704926.6	2014-02-03	EP2951768A1	2015-12-09	CHAUVIN, Mathieu
The present invention provides a computer system for managing limited counterpart transaction orders for products or services, in particular with a ceiling price, comprising: —a source of information indexing the available products or services and explanatory variables for these products or services, as well as time related counterpart information for these products or services, —an automatic classification engine adapted to gather products or services by classes of counterpart evolution, from historical counterpart data, and to attribute to each class a set of explanatory variables and an evolution behavior, —a client interface for inputting orders on given products and services defined by explanatory variable values, with a limit counterpart value, —a class allocation engine for allocating an inputted order to at least one evolution class depending on the explanatory variable values of the order, and —an indicator computation engine capable of computing a success probability indicator for an input order, combining the value of the limit counterpart value of the order with data of the evolution class(es) to which it is allocated, —means for providing to said client interface computed values of said success probability indicator, and —a matching engine to match offers and counterpart offers to convert orders into transactions when counterpart offers reach counterpart limit values of orders.
145	System for and managing assets using priority tokens	US09970948	2001-10-04	US20030069828A1	2003-04-10	Richard N. Blazey; Edward Covannon
The present invention is a system that allows users to bid on time slots of a video conferencing resource 10 using market orders and limit bid orders denominated in tokens of different values. The users are provided with a display 110 that shows the current bids and orders along with their account balance and allowed to place orders using tokens. The slots are allocated immediately when a market bid equals a market price and allocated to the highest bidder at an end of a bidding period for limit orders when a market order has not already captured the time slot. Winning order holders are informed about the allocation of the time slots with a confirmation display 200. The users allocated the time slots have a priority specified by the cost of the time slot in tokens and can be disabled from using the time slot after use has started. Users that are to be selectively disabled are determined by comparing user priority to a priority threshold, notifying the users who qualify and allowing them to upgrade their priority by paying more for the time slot in tokens that indicate priority.
146	Method for reducing psychological barrier to on-line stock trading	JP2005373248	2005-11-29	JP2007149043A	2007-06-14	WATANABE HIDEO; HIROOKA NOBUO
<P>PROBLEM TO BE SOLVED: To provide a method for reducing a psychological barrier of a new applicant of on-line stock trading by practicing a timing of buying and selling and trading operation without impairing reality by reproducing a past actual trading transition on a personal computer screen. <P>SOLUTION: The on-line stock trading decision and operation practice method is characterized in that an order completed within a practice time shows an actual profit and loss result for the past price by a method where virtual buying and selling is conducted when a limit order meets the reproduced past actual trading condition, and a method where the virtual buying and selling is conducted when a market order is associated with completion of reproduced past buying and selling. By this on-line stock trading decision and operation practicing method, the psychological barrier of the new applicant of the stock trading is reduced. <P>COPYRIGHT: (C)2007,JPO&INPIT
147	金融商品取引管理装置、プログラム	JP2016170997	2016-09-01	JP2016224982A	2016-12-28	相葉斉; 山本久敏
【課題】複数の注文を連続的に組み合わせることで金融商品の注文の取引を行う顧客にとって利便性の高い金融商品取引管理装置を提供する。【解決手段】金融商品取引管理装置1の注文情報生成部16は、第一注文情報、及び、他の価格について売りの指値注文をする第二注文情報からなる注文情報群を生成する。注文情報生成部16が生成した注文情報群は、価格情報受信部19が取得した相場価格が一の価格になった場合、第一注文情報に基づいて金融商品の約定を行い、約定の後、相場価格の変動が検出された場合、元の第一注文の注文価格よりも相場価格の変動方向側に新たな第一注文情報を設定すると共に、元の第二注文の注文価格よりも相場価格の変動方向側に新たな第二注文情報を設定し、新たに設定された第一注文情報と新たに設定された第二注文情報とに基づいて金融商品の約定が行われるように構成する。【選択図】図1
148	System and method for block trading	US13066101	2011-04-07	US08510208B2	2013-08-13	Sam Balabon
A method and system for trading financial instruments which reduces the leakage of trading interest when buyers and sellers of financial instruments desire to trade. Accordingly, in one embodiment, a trading system allows traders to speculate on the hidden liquidity in the market by offering liquidity at fixed prices which are inferior to the NBBO (National Best Bid Offer) in exchange for rights to sweep the market for better priced quotes. In another embodiment of the invention, a liquidity provider can set their own fee. This fee is charged to the liquidity taker if their quote is executed. This fee compensates traders for the risk of taking a position in a financial instrument. In another embodiment of the invention, dummy orders are used to reduce trading interest leakage when limit orders are placed into order books. In another embodiment of the invention, a trading system will only match liquidity taking orders with single liquidity providing orders of equal or greater in size.
149	System and method for block trading	US11821988	2007-06-26	US07921054B2	2011-04-05	Sam Balabon
A method and system for trading financial instruments which reduces the leakage of trading interest when buyers and sellers of financial instruments desire to trade. Accordingly, in one embodiment, a trading system allows traders to speculate on the hidden liquidity in the market by offering liquidity at fixed prices which are inferior to the NBBO (National Best Bid Offer) in exchange for rights to sweep the market for better priced quotes. In another embodiment of the invention, a liquidity provider can set their own fee. This fee is charged to the liquidity taker if their quote is executed. This fee compensates traders for the risk of taking a position in a financial instrument. In another embodiment of the invention, dummy orders are used to reduce trading interest leakage when limit orders are placed into order books. In another embodiment of the invention, a trading system will only match liquidity taking orders with single liquidity providing orders of equal or greater in size.
150	System and method for block trading	US11821988	2007-06-26	US20080015974A1	2008-01-17	Sam Balabon
A method and system for trading financial instruments which reduces the leakage of trading interest when buyers and sellers of financial instruments desire to trade. Accordingly, in one embodiment, a trading system allows traders to speculate on the hidden liquidity in the market by offering liquidity at fixed prices which are inferior to the NBBO (National Best Bid Offer) in exchange for rights to sweep the market for better priced quotes. In another embodiment of the invention, a liquidity provider can set their own fee. This fee is charged to the liquidity taker if their quote is executed. This fee compensates traders for the risk of taking a position in a financial instrument. In another embodiment of the invention, dummy orders are used to reduce trading interest leakage when limit orders are placed into order books. In another embodiment of the invention, a trading system will only match liquidity taking orders with single liquidity providing orders of equal or greater in size.
151	GRAPHICAL USER INTERFACE TRADING WIDGET FOR TRADING FINANCIAL INSTRUMENTS	US11684558	2007-03-09	US20070265954A1	2007-11-15	Timothy Mather; Michael Glista; Ernst Popke
Methods, systems mediums and graphical user interfaces are provided for monitoring and trading of financial instruments. According to various embodiments, a graphical user interface (GUI) trading widget for electronic trading of financial instruments is provided which floats translucently over the surface of a price chart dynamically displaying market action. The trading widget enables a trader to specify parameters of an order (e.g., buy, sell, quantity, price, limits, etc.), and enter the order into an electronic exchange. The trading widget can positioned on the chart where the trading widget is most convenient for trade execution and least intrusive on the display of price or other market information.
152	System and method for trading in stock-exchange securities via telematics with accelerated organization	US10479481	2003-12-01	US20040148250A1	2004-07-29	Mario Fabbri
A system for entering and sending orders for buying and selling stock-exchange securities via telematics with accelerated organization, according to which, by means of a graphic interface of the type commonly used on personal computers equipped with keyboard and/or mouse and/or pen and/or other device for interacting with the screen, it is possible to pre-enter a set of parameters for the securities in question, such as the security (22) itself, the limit price (24) of the order, the amount desired (25), and the type of buying or selling transaction (27, 28); the amounts (25) may be entered for each security (22) when making the first order, and then remain valid for the subsequent orders, the same applying as regards the price (24), for which, where it is not typed in explicitly as a constant datum, it is possible to use a symbolic parameter which determines it dynamically by the flow of the prices of the said security which arrive from the market at the instant in which the order is sent. To send the transaction order to the market, for all orders after the first, it is sufficient to click on the buy key (27) or sell key (28) of the screen (20), without having to waste time entering the new parameters of the order.
153	DIGITAL OPTIONS HAVING DEMAND-BASED, ADJUSTABLE RETURNS, AND TRADING EXCHANGE THEREFOR	PCT/US2002/007480	2002-03-11	WO2002074047A2	2002-09-26	LANGE, Jeffrey
This invention provides methods and systems for trading and investing in groups of demand-based adjustable return ("DBAR") contingent claims, including digital options, and for establishing markets and exchanges for such claims. The advantages of the present invention, as applied to the establishment and operation of a DBAR digital options exchange, include the ability to offer investments whose profit and loss scenarios are comparable to those for digital options or other derivatives in traditional securities markets, without the need for options or derivatives sellers or order-matching of conventional markets. A DBAR digital options exchange of the present invention can also offer conditional investments, or limit orders, in which an investment in a state of a DBAR contingent claim (such as the price of an underlying asset or index) can be executed or withdrawn in response to the implied probability of the occurrence of that state.
154	ORDER MANAGEMENT SYSTEM AND METHOD FOR LIMITED COUNTERPART TRANSACTIONS	US14764523	2014-02-03	US20150379600A1	2015-12-31	Mathieu CHAUVIN
The present invention provides a computer system for managing limited counterpart transaction orders for products or services, in particular with a ceiling price, comprising: —a source of information indexing the available products or services and explanatory variables for these products or services, as well as time related counterpart information for these products or services, —an automatic classification engine adapted to gather products or services by classes of counterpart evolution, from historical counterpart data, and to attribute to each class a set of explanatory variables and an evolution behavior, —a client interface for inputting orders on given products and services defined by explanatory variable values, with a limit counterpart value, —a class allocation engine for allocating an inputted order to at least one evolution class depending on the explanatory variable values of the order, and —an indicator computation engine capable of computing a success probability indicator for an input order, combining the value of the limit counterpart value of the order with data of the evolution class(es) to which it is allocated, —means for providing to said client interface computed values of said success probability indicator, and —a matching engine to match offers and counterpart offers to convert orders into transactions when counterpart offers reach counterpart limit values of orders.
155	IDEAL LATENCY FLOOR	US14533543	2014-11-05	US20150127519A1	2015-05-07	Hayden Paul MELTON
The invention relates to a system and method for providing a latency floor for an electronic trading venue in which market participants who can respond within the value the floor and choose to compete in a specific race to make or take a price may each have a substantially equal chance of winning that race. The system may detect and distinguish individual “races” that occur on an electronic trading venue. Upon detection of the first order (or message) in such a race, the system may create a batch and a timer for that race. As orders pertaining to that race are received, they are added to its batch. Upon the timer reaching a predetermined value, typically the value of the floor, the race is determined to have ended and the orders are drained from the batch for processing (e.g., against the instrument's central limit order book (CLOB)).
156	REPLICATED DERIVATIVES HAVING DEMAND-BASED, ADJUSTABLE RETURNS, AND TRADING EXCHANGE THEREFOR	PCT/US2004/004553	2004-02-11	WO2005003928A2	2005-01-13	LANGE, Jeffrey; BARON, Kenneth, Charles; WALDEN, Charles; HARTE, Marcus
Methods and systems for trading and replicating contingent claims, such as derivatives strategies, in a demand-based auction are described. In one embodiment, a set of demand-based claims, each of which can be a vanilla option or a digital option, approximate or replicate the contingent claim into a vanilla replicating basis or a digital replicating basis, and the order for the contingent claim is then evaluated or processed in the demand-based auction. In another embodiment, a plurality of strikes and a plurality of replicating claims are established for a demand-based auction on an event, one or more replicating claims striking at each of the strikes in the auction. A contingent claim, such as derivatives strategy, is replicated with a replication set that includes one or more of the replicating claims in the auction. The equilibrium price and/or the payout for the derivatives strategy is determined as a function of the demand-based valuation of each of the replicating claims in the replication set. For a customer order requesting a number of a certain derivatives strategy in the demand-based auction and a limit price per derivatives strategy, the premium of the customer order is determined as a product of the equilibrium price for the derivatives strategy and a filled number of derivatives strategies for the order, each determined as a function of the demand-based valuation of each of the replicating claims in the demand-based auction.
157	Optimal order choice: evaluating uncertain discounted trading alternatives	US09396647	1999-09-15	US06493682B1	2002-12-10	Holly T. Horrigan; John K. Wald
The present invention provides a method for determining whether to execute an order (or list of orders) immediately, or delay execution in exchange for a possible price savings. The method's generality enables the investor to optimize order decisions given individual beliefs about expected security returns and variance, risk aversion, and portfolio investment goals. Starting from an expected utility framework, the method maximizes the expected gains associated with trading. The method encompasses the case in which the investor plans to trade the security within a specified trading window as well as the case in which trading occurs only at attractive prices. Additionally, under the assumption of constant absolute risk aversion, the method resembles a traditional mean-variance analysis commonly used in equity portfolio management. The method also generalizes to handle the case of multiple orders and enables an investor to consider an order strategy taking overall portfolio risk into account. The method also can be used in conjunction with dynamic cost control techniques. The method of the invention is the first such method to consider the maximization of gains in an order context as a function of both returns and the probability of the order being executed. This method is also unique in that it simultaneously accounts for the opportunity costs and the adverse selection costs of using discounted, uncertain orders such as equity limit orders, POSIT® trades, equity principal order trading, etc.
158	Optimal order choice: evaluating uncertain discounted trading alternatives	US10316165	2002-12-10	US20030182224A1	2003-09-25	Holly T. Horrigan; John K. Wald
The present invention provides a method for determining whether to execute an order (or list of orders) immediately, or delay execution in exchange for a possible price savings. The method's generality enables the investor to optimize order decisions given individual beliefs about expected security returns and variance, risk aversion, and portfolio investment goals. Starting from an expected utility framework, the method maximizes the expected gains associated with trading. The method encompasses the case in which the investor plans to trade the security within a specified trading window as well as the case in which trading occurs only at attractive prices. Additionally, under the assumption of constant absolute risk aversion, the method resembles a traditional mean-variance analysis commonly used in equity portfolio management. The method also generalizes to handle the case of multiple orders and enables an investor to consider an order strategy taking overall portfolio risk into account. The method also can be used in conjunction with dynamic cost control techniques. The method of the invention is the first such method to consider the maximization of gains in an order context as a function of both returns and the probability of the order being executed. This method is also unique in that it simultaneously accounts for the opportunity costs and the adverse selection costs of using discounted, uncertain orders such as equity limit orders, POSITnull trades, equity principal order trading, etc.
159	Digital options having demand-based, adjustable returns, and trading exchange therefor	US09809025	2001-03-16	US07225153B2	2007-05-29	Jeffrey Lange
This invention provides methods and systems for trading and investing in groups of demand-based adjustable return (“DBAR”) contingent claims, including digital options, and for establishing markets and exchanges for such claims. The advantages of the present invention, as applied to the establishment and operation of a DBAR digital options exchange, include the ability to offer investments whose profit and loss scenarios are comparable to those for digital options or other derivatives in traditional securities markets, without the need for options or derivatives sellers or order-matching of conventional markets. A DBAR digital options exchange of the present invention can also offer conditional investments, or limit orders, in which an investment in a state of a DBAR contingent claim (such as the price of an underlying asset or index) can be executed or withdrawn in response to the implied probability of the occurrence of that state.
160	Digital options having demand-based, adjustable returns, and trading exchange therefor	US09809025	2001-03-16	US20020099640A1	2002-07-25	Jeffrey Lange
This invention provides methods and systems for trading and investing in groups of demand-based adjustable return (nullDBARnull) contingent claims, including digital options, and for establishing markets and exchanges for such claims. The advantages of the present invention, as applied to the establishment and operation of a DBAR digital options exchange, include the ability to offer investments whose profit and loss scenarios are comparable to those for digital options or other derivatives in traditional securities markets, without the need for options or derivatives sellers or order-matching of conventional markets. A DBAR digital options exchange of the present invention can also offer conditional investments, or limit orders, in which an investment in a state of a DBAR contingent claim (such as the price of an underlying asset or index) can be executed or withdrawn in response to the implied probability of the occurrence of that state.

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