做市商相关的专利数据

序号	专利名	申请号	申请日	公开（公告）号	公开（公告）日	发明人
81	Network and method for trading derivatives by providing enhanced RFQ visibility	US10685907	2003-10-15	US20040199453A1	2004-10-07	Neal Brady; Noah Carey; William Erwin; John Gilmore; Michael Quattrocki; Frank Stone; Mark Thornburgh
A computer network and method for electronically trading derivatives. One preferred method of trading includes providing indicative quotes to market participants (which typically includes subscribers, but may also include market makers) to provide a non-binding indication of how the market makers are likely to price the particular derivative. A participant may then submit an RFQ, which is a request for a binding quote for the derivative. The RFQ preferably causes the current order book to be displayed on all subscribers' terminals, typically in the form of a row indicating the derivative of interest along with the current binding bid and binding ask prices. The indicative bid and ask prices may also be displayed, as well as the quantity (if any) requested in the RFQ. Market participants may then elect to submit an order for the corresponding derivative. Typically, the market participants will await an indication that a market maker has submitted a binding quote.
82	Trading game simulation method	US12259278	2008-10-27	US08043151B2	2011-10-25	Charles Pickelhaupt
A trading simulation game that emulates the roles of market makers and traders involved in the securities market. The simulation allows for random market activity by specifying a starting market price and employing a subset of a pool of market-affecting items to modify the starting price and determine the final game price. Items in the subset are incrementally revealed to simulation participants during play, and designated participants may make the first offer to trade. All participants simultaneously make and accept offers to buy and sell the simulated security without restriction, based on the public and private information they have and their dynamic estimates of the final game price. Trades are tracked, and they are settled at the final game price when all items are revealed. The use of a subset of a pool of market-affecting items allows for probability-based strategy similar to popular card games like blackjack and poker.
83	Network and method for trading derivatives by providing enhanced RFQ visibility	US11646863	2006-12-28	US07272580B2	2007-09-18	Neal Brady; Noah Carey; William R. Erwin; John Gilmore; Michael Quattrocki; Frank Stone; Mark Thornburgh
A computer network and method for electronically trading derivatives. One preferred method of trading includes providing indicative quotes to market participants (which typically includes subscribers, but may also include market makers) to provide a non-binding indication of how the market makers are likely to price the particular derivative. A participant may then submit an RFQ, which is a request for a binding quote for the derivative. The RFQ preferably causes the current order book to be displayed on all subscribers' terminals, typically in the form of a row indicating the derivative of interest along with the current binding bid and binding ask prices. The indicative bid and ask prices may also be displayed, as well as the quantity (if any) requested in the RFQ. Market participants may then elect to submit an order for the corresponding derivative. Typically, the market participants will await an indication that a market maker has submitted a binding quote.
84	DISPLAYED AND DARK EQUITY OPTIONS ELECTRONIC ORDER BOOK WITH MARKET MAKER PARTICIPATION	PCT/US2007/016572	2007-07-24	WO2008013776A2	2008-01-31	ARMSTRONG, Pete; FARNSTROM, Amy; WERTS, Jon
An enhanced system and method for executing options trades are disclosed. The lead market maker entitlements are integrated with sophisticated order types, including dark order types, so that the lead marker maker is guaranteed an allocation of the trade if the lead market maker is at the NBBO when an order priced at or better than the NBBO is received. The lead market maker is not provided an opportunity to price improve to execute with a specific incoming order. Additionally, market makers who are not the lead market maker in an option series may be granted the privileges of a lead market maker for the purpose of executing with a specific incoming directed order if the designated market maker is at the NBBO when a directed order priced at or better than the NBBO is received. The system and method disclosed encourages market makers to quote the best price possible, which in turn has the effect of narrowing spreads. Furthermore, as only displayed orders at the NBBO are eligible to execute ahead of market makers quoting at the NBBO, the system and method encourages users to display their best prices and sizes to the marketplace.
85	Method and apparatus for automated opening of options exchange	US717387	1996-09-20	US6016483A	2000-01-18	John T. Rickard; William A. Lupien
A computer-based system for determining a set of opening prices for a number of series of options traded on an options exchange and for allocating public order imbalances at the opening of trading. Market makers input a current position, a desired target position and market maker orders for options series from market maker terminals. An order entry system receives public orders for options series. A controller determines a set of implied volatilities (prices) for each options series that will maximize a weighted volume of trades across all option series at the opening. Contra orders that can be matched at the opening price are then executed. If there is a residual imbalance of non-executed public orders, the residual imbalance of non-executed public orders is assigned to individual ones of the plurality of market makers so as to minimize a cumulative measure of deviation between the desired target position and the current position of each market maker. The system is applicable to an options exchange, this term including any facility operating an over-the-counter market in options.
86	옵션 거래소의 자동화된 개장을 위한 방법 및 장치	KR1019997002301	1997-09-08	KR1020000036229A	2000-06-26	리카르드존티; 루피엔윌리암에이
PURPOSE: A device is provided to open option series when the transactions are opened at option exchange, and to improve the distribution of unbance which is public order in market maker. CONSTITUTION: A computer based system for determining a set of opening prices for a number of series of options traded on an options exchange and for allocating public order imbalances at the opening of trading. Market makers input a current position, a desired target position and market maker orders (104) for options series from market maker terminals. An order entry system receives public orders (102) for options series. A controller (2) determines a set of implied volatilizes (prices) for each options series that will maximize a weighted volume of trades across all options series at the opening. Contraorders than can be matched at the opening price are then executed. If there is a residual imbalance of non executed public orders, the residual imbalance of non executed public orders is assigned to individual ones of the plurality of market makers so as to minimize a cumulative measure of deviation between the desired target position and the current position of each market maker. The system is applicable to an options exchange, this term including any facility operating an over the market in options
87	Displayed and dark equity options electronic order book with market maker participation	US11880852	2007-07-24	US20090125431A1	2009-05-14	Peter Armstrong; Amy Famstrom; Jon Werts
An enhanced system and method for executing options trades are disclosed. The lead market maker entitlements are integrated with sophisticated order types, including dark order types, so that the lead marker maker is guaranteed an allocation of the trade if the lead market maker is at the NBBO when an order priced at or better than the NBBO is received. The lead market maker is not provided an opportunity to price improve to execute with a specific incoming order. Additionally, market makers who are not the lead market maker in an option series may be granted the privileges of a lead market maker for the purpose of executing with a specific incoming directed order if the designated market maker is at the NBBO when a directed order priced at or better than the NBBO is received. The system and method disclosed encourages market makers to quote the best price possible, which in turn has the effect of narrowing spreads. Furthermore, as only displayed orders at the NBBO are eligible to execute ahead of market makers quoting at the NBBO, the system and method encourages users to display their best prices and sizes to the marketplace.
88	METHOD AND APPARATUS FOR AUTOMATED OPENING OF OPTIONS EXCHANGE	PCT/US1997015665	1997-09-08	WO1998012659A1	1998-03-26	OPTIMARK TECHNOLOGIES, INC.; RICKARD, John, T.; LUPIEN, William, A.
A computer-based system for determining a set of opening prices for a number of series of options traded on an options exchange and for allocating public order imbalances at the opening of trading. Market makers input a current position, a desired target position and market maker orders (104) for options series from market maker terminals. An order entry system receives public orders (102) for options series. A controller (2) determines a set of implied volatilities (prices) for each options series that will maximize a weighted volume of trades across all options series at the opening. Contra orders than can be matched at the opening price are then executed. If there is a residual imbalance of non-executed public orders, the residual imbalance of non-executed public orders is assigned to individual ones of the plurality of market makers so as to minimize a cumulative measure of deviation between the desired target position and the current position of each market maker. The system is applicable to an options exchange, this term including any facility operating an over-the-counter market in options.
89	SECURITIES MARKET AND MARKET MAKER ACTIVITY TRACKING SYSTEM AND METHOD	PCT/US0223403	2002-07-23	WO03010629A3	2003-08-14	CUTLER STEPHEN
A method, system and computer program to monitor securities market activity. Level 1 and/or level 2 data is analyzed to track the activity of market makers and to derive indicators of momentary upward or downward price pressure. As items of information relating to level 2 data are received, processing block (218) will pass these items to the level 2 data subprocess (238). In processing block (240) the level 2 data subprocess (238) will determine if each incoming level 2 data value corresponds to an item contained within the user's database, including securities contained within the watch list and alerts. If not, the level 2 data item will be discarded in processing block (242). Otherwise, the level 2 data item will be passed to processing block (244). Any changes to the user's database since loading of the information contained within the user's database in processing block (212) will be considered by processing block (240). Those updates will also be considered for each of the processing blocks (244) through (256).
90	SECURITIES MARKET AND MARKET MAKER ACTIVITY TRACKING SYSTEM AND METHOD	PCT/US2002/023403	2002-07-23	WO2003010629A2	2003-02-06	CUTLER, Stephen
A method, system and computer program to monitor securities market activity to seek out imbalances in market activity that could lead to a price change in a particular security. Level 1 and/or level 2 data is analyzed to track the activity of market makers and to derive indicators of momentary upward or downward price pressure. The indicators associated with each selected security can be displayed to a user.
91	SYSTEM AND METHOD FOR PROTECTING POSITIONS IN VOLATILE MARKETS	PCT/US2001/031399	2001-10-05	WO02029982A2	2002-04-11
This invention relates to novel options-based financial instrument that automates market trading (300) of the novel instruments. The system includes an automated price quotation capability, induces traders (302) on the opposite sides of a transaction to trade in near equal numbers of round lots, minimizing the system's financial exposure from unbalanced trading. The novel financial instruments have the characteristic that they allow trading directly in the price movement of the underlying security (stock, bond, currency, etc.), while providing superior financial leverage as compared to investing directly in the underlying security.
92	System and method for enabling service providers to create real-time reverse auctions for location based services	US12009475	2008-01-18	US20080177653A1	2008-07-24	David Famolari; Shoshana K. Loeb
A system and method facilitates the matching of service providers based on certain criteria such as, but not limited to, location of the provider in relation to a customer location, customer requests based on the location of the customer, the type of service requested and other possible attributes such as customer profile, customer past behavior and preferences and service price and quality. Service providers create real-time reverse auctions by using advanced data collection, filtering and disseminating algorithms. In addition, market-makers can provide value-added services, such as real-time traffic conditions and route planning, to their local affiliates. Such a scheme can allow market-makers to economically service customer requests by leveraging the real-time conditions and circumstances of their vast network of local service affiliates. Open competition will drive down prices for these services and increase revenues for the market-makers who will be able to service customer requests at the best prices available. This system will also benefit local service affiliates by notifying them and allowing them to compete for a broader number of service requests. A feedback mechanism will also encourage superior customer service since affiliates will want to ensure that they are considered for more jobs.
93	SYSTEM AND METHOD FOR ENABLING SERVICE PROVIDERS TO CREATE REAL-TIME REVERSE AUCTIONS FOR LOCATION BASED SERVICES	PCT/US2008/000691	2008-01-18	WO2008091545A2	2008-07-31	FAMOLARI, David; LOEB, Shoshana, K.
A system and method facilitates the matching of service providers based on certain criteria such as, but not limited to, location of the provider in relation to a customer location, customer requests based on the location of the customer, the type of service requested and other possible attributes such as customer profile, customer past behavior and preferences and service price and quality. Service providers create real¬ time reverse auctions by using advanced data collection, filtering and disseminating algorithms. In addition, market-makers can provide value-added services, such as realtime traffic conditions and route planning, to their local affiliates. Such a scheme can allow market-makers to economically service customer requests by leveraging the real¬ time conditions and circumstances of their vast network of local service affiliates. Open competition will drive down prices for these services and increase revenues for the market-makers who will be able to service customer requests at the best prices available. This system will also benefit local service affiliates by notifying them and allowing them to compete for a broader number of service requests. A feedback mechanism will also encourage superior customer service since affiliates will want to ensure that they are considered for more jobs.
94	Automated system for aggregated price discovery and electronic trading of linked cash/cash equivalent and their derivative asset packages	US10457792	2003-06-09	US20050160024A1	2005-07-21	James Soderborg; Chris Dobosz; Gary Schick; John Katovich; Cathy Fabiszak
An electronic system for aggregated pricing of linked multi-leg (e.g., equity/option and option/option) asset packages with an additional link to an automated broker system for trading the linked asset packages are disclosed. The invention provides methodology and apparatus to electronically produce aggregated price quotes for packages of instruments designed to represent traditional trading strategies involving cash and their derivatives (e.g., stock and equity options). The system develops packages according to specified strategies, and prices the packages based on the national best bid and offer (NBBO) or direct input from participating market makers and investors. The packages are designed for easy understanding by traditional investors and designed for trading through a single order. These packages are desirable over separately trading the asset and its derivative (e.g., equity and option) instruments because they transfer market volatility risk from the investor to the institution by requiring market makers to agree to the aggregated price of the package prior to executing any trades. Certain linked packages, such as most stocks and options, cannot be traded together on a single floor of an exchange due to restrictions by the Securities and Exchange Commission (SEC) regarding side-by-side trading and integrated market making of most stocks and options. This invention provides an electronic process for synthetic side-by-side trading across separate trading locations (e.g., equity and option exchanges and within the existing rules of the SEC). The electronic process follows traditional rules regarding the manual handling of combination orders involving multiple asset types. The process significantly improves efficiency over manual handling resulting in a system that is scalable to high trade volumes.
95	交易系统	CN01804667.3	2001-02-07	CN1398382A	2003-02-19	J·蒂尔福斯; D·班德恩
在一自动化交易系统中提供了用于自动套头交易及自动价格改进的功能。
96	基于超链的面向数据要素流通的交易方法和系统	CN202310290226.9	2023-03-21	CN116579816A	2023-08-11	刘业政; 周芦娟; 宗兰芳; 袁昆; 孙春华; 柴一栋; 孙见山
本发明提供一种基于超链的面向数据要素流通的交易方法和系统，涉及数据要素流通技术领域。本发明依托私有链、联盟链、公有链、平行链等区块链技术和跨链技术，构建基于超链并考虑数据交易机制的全国一体化数据要素流通交易方法，打破了“机制孤岛”和“数据孤岛”，支持数据要素流通交易平台跨层级、跨地域、跨行业互联互通；此外，利用区块链技术在隐私保护方面的优势分别为数据资源持有权、数据产品经营权和数据加工使用权的交易提供可信的平台。
97	一种中小企业股权投融资信息系统	CN201710703584.2	2017-08-16	CN107481148A	2017-12-15	张世福
本发明涉及一种中小企业股权投融资信息系统,包括新闻模块、信息披露模块、投资人脉模块、行情模块以及选股模块。本发明的有益效果在于，提供一种操作方便且效率高的中小企业股权投融资信息系统。
98	货运实现和交易平台	CN200480007773.7	2004-03-25	CN1764924A	2006-04-26	皮埃尔·L·劳伦特; 彼得雷·迈纳
本发明公开了用于实现多种形式货运运输的基于网络的、计算机执行的技术和装置，该货运运输涉及在第一地点和第二地点之间的至少两种运输方式。在一个执行中，包括接收对于在第一地点和第二地点之间的运载量的派生购买请求，该派生购买请求具有至少规定货运容量和执行时间的合同要求。还包括从可用派生合同的数据库确定满足合同要求的多个可能适用的派生合同。还包括选择多个可能适用的派生合同的子集，以满足派生购买请求，该子集至少包括用于两种运输方式中的第一方式的第一派生合同和用于两种运输方式中的第二方式的第二派生合同。
99	跨链转账方法、计算机设备和存储介质	CN202111167266.1	2021-10-04	CN115936696A	2023-04-07	马登极; 王志文; 吴思进
本发明提供一种跨链转账方法、计算机设备和存储介质，涉及区块链等技术领域，该方法包括：从第一主链同步第一跨链交易；执行第一跨链交易以得到若干第一状态数据，并根据各第一状态数据更新第一主链的第一状态树以更新第一状态树的第一根哈希，以及，根据各第一状态数据更新第二主链的第二状态树以更新第二状态的第二根哈希；根据第一根哈希和第二根哈希更新二层网络的统一账本的状态哈希；将各第一状态数据、状态哈希发送至第一主链和第二主链。本申请使得跨链转账的实现去中心化且使用便捷。
100	外汇报价管理交互实现方法	CN202110384790.8	2021-04-09	CN113112365A	2021-07-13	刘国强; 路英奇; 汪宏斌; 秦菀; 陆胜祖; 钱二余
本发明提供了一种用于外汇报价管理交互的实现方法，方法包括：在报价引擎客户端上呈现外汇报价管理界面，其中所述外汇报价管理界面由自动报价模式和手工报价模式共用，所述自动报价模式和所述手工报价模式可由用户通过所述外汇报价管理界面中提供的报价模式切换控件来切换；以及根据用户当前选择的报价模式，将经由所述外汇报价管理界面接收到的用户交互信息发送给报价引擎以执行相应的自动报价业务或手工报价业务。

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