WO1995006918A3 - Real-time automated trading system - Google Patents

Real-time automated trading system Download PDF

Info

Publication number
WO1995006918A3
WO1995006918A3 PCT/US1994/009398 US9409398W WO9506918A3 WO 1995006918 A3 WO1995006918 A3 WO 1995006918A3 US 9409398 W US9409398 W US 9409398W WO 9506918 A3 WO9506918 A3 WO 9506918A3
Authority
WO
WIPO (PCT)
Prior art keywords
order
user workstation
control engine
electronic trading
trading systems
Prior art date
Application number
PCT/US1994/009398
Other languages
French (fr)
Other versions
WO1995006918A2 (en
Inventor
William A Lupien
John E Martin Jr
Mike N Alex
Original Assignee
Mjt Holdings Inc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Mjt Holdings Inc filed Critical Mjt Holdings Inc
Priority to AU76714/94A priority Critical patent/AU7671494A/en
Publication of WO1995006918A2 publication Critical patent/WO1995006918A2/en
Publication of WO1995006918A3 publication Critical patent/WO1995006918A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A computerized order entry, routing and reporting system for receiving and routing an order is disclosed. The system is coupled to a number of electronic trading systems. A control engine is coupled to the electronic trading systems. A user workstation is coupled to the control engine. The user workstation includes a screen display. The user workstation receives an order and electronically transmits the order to the control engine. The user workstation can also display order information on the screen display. The control engine, upon receipt of the order from the user workstation, automatically and electronically routes the order to one of the electronic trading systems, and electronically receives the execution information concerning the order from that electronic trading systems. The control engine automatically correlates the execution information with the order information and electronically transmits the execution information to the user workstation. The user workstation displays the execution information correlated with the display order information.
PCT/US1994/009398 1993-08-23 1994-08-22 Real-time automated trading system WO1995006918A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU76714/94A AU7671494A (en) 1993-08-23 1994-08-22 Real-time automated trading system

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US11066693A 1993-08-23 1993-08-23
US08/110,666 1993-08-23

Publications (2)

Publication Number Publication Date
WO1995006918A2 WO1995006918A2 (en) 1995-03-09
WO1995006918A3 true WO1995006918A3 (en) 1995-04-13

Family

ID=22334235

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US1994/009398 WO1995006918A2 (en) 1993-08-23 1994-08-22 Real-time automated trading system

Country Status (2)

Country Link
AU (1) AU7671494A (en)
WO (1) WO1995006918A2 (en)

Cited By (5)

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US7831507B2 (en) 2000-10-19 2010-11-09 Liquidnet Holdings, Inc. Electronic securities marketplace having integration with order management systems
US8768822B2 (en) 2002-11-13 2014-07-01 Trading Technologies International, Inc. Trading interface for facilitating trading of multiple tradeable objects in an electronic trading environment
US8793181B2 (en) 2002-11-13 2014-07-29 Trading Technologies International, Inc. Method, apparatus and interface for trading multiple tradeable objects
US8834278B2 (en) 2004-01-15 2014-09-16 Bgc Partners, Inc. System and method for using a game controller device for electronic trading
US9292865B2 (en) 1996-12-13 2016-03-22 Cantor Fitzgerald, L.P. Cfph, Llc Dynamic keyboard for trading

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IL117424A (en) * 1995-04-27 1999-09-22 Optimark Tech Inc Crossing network utilizing satisfaction density profile
US5845266A (en) * 1995-12-12 1998-12-01 Optimark Technologies, Inc. Crossing network utilizing satisfaction density profile with price discovery features
US5689652A (en) * 1995-04-27 1997-11-18 Optimark Technologies, Inc. Crossing network utilizing optimal mutual satisfaction density profile
US7130823B1 (en) 1995-09-14 2006-10-31 Citibank Aktiengesellschaft Computer system for data management and method for operation of the system
JP3887854B2 (en) * 1996-11-28 2007-02-28 株式会社日立製作所 Electronic trading support method
US6112189A (en) * 1997-03-19 2000-08-29 Optimark Technologies, Inc. Method and apparatus for automating negotiations between parties
US5873071A (en) 1997-05-15 1999-02-16 Itg Inc. Computer method and system for intermediated exchange of commodities
US6317727B1 (en) 1997-10-14 2001-11-13 Blackbird Holdings, Inc. Systems, methods and computer program products for monitoring credit risks in electronic trading systems
US6996540B1 (en) 1997-10-14 2006-02-07 Blackbird Holdings, Inc. Systems for switch auctions utilizing risk position portfolios of a plurality of traders
US6393409B2 (en) 1997-10-31 2002-05-21 Morgan Stanley Dean Witter & Co. Computer method and apparatus for optimizing portfolios of multiple participants
US6408282B1 (en) * 1999-03-01 2002-06-18 Wit Capital Corp. System and method for conducting securities transactions over a computer network
JP2000315235A (en) * 1999-03-15 2000-11-14 Lenner Gary Asset transaction method
US20030018569A1 (en) * 1999-10-06 2003-01-23 Joshua Eisenthal Enhanced interface for communicating with a handheld trading system
US7251629B1 (en) 1999-10-14 2007-07-31 Edge Capture, Llc Automated trading system in an electronic trading exchange
US9727916B1 (en) 1999-12-30 2017-08-08 Chicago Board Options Exchange, Incorporated Automated trading exchange system having integrated quote risk monitoring and integrated quote modification services
US7356498B2 (en) 1999-12-30 2008-04-08 Chicago Board Options Exchange, Incorporated Automated trading exchange system having integrated quote risk monitoring and integrated quote modification services
US6671676B1 (en) * 2000-05-04 2003-12-30 Metreo Markets, Inc. Method and apparatus for analyzing and allocating resources of time-varying value using recursive lookahead
JP2003533793A (en) 2000-05-16 2003-11-11 ブラックバード・ホールディングス，インコーポレイテッド System and method for electronically executing a derivative transaction
US6983259B1 (en) 2000-06-23 2006-01-03 Ebs Group Limited Anonymous trading system
GB2364586B (en) 2000-06-23 2004-06-16 Ebs Nominees Ltd Deal matching in an anonymous trading system
US7827085B1 (en) 2000-06-23 2010-11-02 Ebs Group Limited Conversational dealing in an anonymous trading system
US7024386B1 (en) 2000-06-23 2006-04-04 Ebs Group Limited Credit handling in an anonymous trading system
US7333952B1 (en) 2000-06-23 2008-02-19 Ebs Group Limited Compound order handling in an anonymous trading system
US7184982B1 (en) 2000-06-23 2007-02-27 Ebs Group Limited Architecture for anonymous trading system
US7366690B1 (en) 2000-06-23 2008-04-29 Ebs Group Limited Architecture for anonymous trading system
US7177833B1 (en) 2000-07-18 2007-02-13 Edge Capture, Llc Automated trading system in an electronic trading exchange
US7970686B1 (en) 2000-09-15 2011-06-28 Citigroup Global Markets, Inc. System and method of interfacing for client application programs to access a data management system
US7392217B2 (en) 2001-05-09 2008-06-24 Bgc Partners, Inc. Systems and methods for controlling traders from manipulating electronic trading markets
US7672895B2 (en) 2002-02-19 2010-03-02 Trading Technologies International, Inc. System and method for simulating an electronic trading environment
US7685051B2 (en) 2002-05-31 2010-03-23 Intercontinentalexchange, Inc. System for settling over the counter trades
EP1416363A3 (en) * 2002-10-31 2006-07-26 eSpeed, Inc. Keyboard for trading system
US7523064B2 (en) 2002-11-13 2009-04-21 Trading Technologies International, Inc. System and method for facilitating trading of multiple tradeable objects in an electronic trading environment
US7693775B2 (en) 2003-01-21 2010-04-06 Lavaflow, Inc. Automated system for routing orders for financial instruments based upon undisclosed liquidity
US7752117B2 (en) 2003-01-31 2010-07-06 Trading Technologies International, Inc. System and method for money management in electronic trading environment
US10817937B1 (en) 2003-02-28 2020-10-27 Trading Technologies International, Inc. Method and system for internal matching
US8027902B2 (en) 2003-11-18 2011-09-27 Bgc Partners, Inc. System and method for managing relationships between brokers and traders using a messaging format
US7562045B2 (en) 2003-11-18 2009-07-14 Bgc Partners, Inc. System and method for managing relationships between brokers and traders
US20050125326A1 (en) 2003-12-04 2005-06-09 Rishi Nangalia Methods and apparatus for routing securities orders
US8170945B2 (en) 2004-01-15 2012-05-01 Bgc Partners, Inc. System and method for providing security to a game controller device for electronic trading
US8469808B2 (en) 2004-01-15 2013-06-25 Bgc Partners, Inc. System and method for managing a game controller device for electronic trading
US10304097B2 (en) 2004-01-29 2019-05-28 Bgc Partners, Inc. System and method for controlling the disclosure of a trading order
US8219480B2 (en) 2005-03-24 2012-07-10 Bgc Partners, Inc. Systems and methods for protecting against erroneous price entries in the electronic trading of financial and other instruments
US7840477B2 (en) 2005-06-07 2010-11-23 Bgc Partners, Inc. System and method for routing a trading order based upon quantity
US8484122B2 (en) 2005-08-04 2013-07-09 Bgc Partners, Inc. System and method for apportioning trading orders based on size of displayed quantities
US8494951B2 (en) 2005-08-05 2013-07-23 Bgc Partners, Inc. Matching of trading orders based on priority
US7752121B2 (en) 2006-04-04 2010-07-06 Omx Technology Ab Trader order preservation in trading system
US7979339B2 (en) 2006-04-04 2011-07-12 Bgc Partners, Inc. System and method for optimizing execution of trading orders
US20080228618A1 (en) 2007-03-15 2008-09-18 Noviello Joseph C System And Method For Providing An Operator Interface For Displaying Market Data, Trader Options, And Trader Input
US8521627B2 (en) 2007-04-18 2013-08-27 Blockross Holdings, LLC Systems and methods for facilitating electronic securities transactions
US8117105B2 (en) 2007-04-18 2012-02-14 Pulse Trading, Inc. Systems and methods for facilitating electronic securities transactions
US10565646B2 (en) 2015-08-05 2020-02-18 Trading Technologies International, Inc. Methods and apparatus to internalize trade orders

Citations (2)

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US4677552A (en) * 1984-10-05 1987-06-30 Sibley Jr H C International commodity trade exchange
US5077665A (en) * 1989-05-25 1991-12-31 Reuters Limited Distributed matching system

Patent Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US4677552A (en) * 1984-10-05 1987-06-30 Sibley Jr H C International commodity trade exchange
US5077665A (en) * 1989-05-25 1991-12-31 Reuters Limited Distributed matching system

Cited By (7)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US9292865B2 (en) 1996-12-13 2016-03-22 Cantor Fitzgerald, L.P. Cfph, Llc Dynamic keyboard for trading
US7831507B2 (en) 2000-10-19 2010-11-09 Liquidnet Holdings, Inc. Electronic securities marketplace having integration with order management systems
US8055576B2 (en) 2000-10-19 2011-11-08 Liquidnet Holdings, Inc. Electronic securities marketplace having integration with order management systems
US8768822B2 (en) 2002-11-13 2014-07-01 Trading Technologies International, Inc. Trading interface for facilitating trading of multiple tradeable objects in an electronic trading environment
US8793181B2 (en) 2002-11-13 2014-07-29 Trading Technologies International, Inc. Method, apparatus and interface for trading multiple tradeable objects
US8834278B2 (en) 2004-01-15 2014-09-16 Bgc Partners, Inc. System and method for using a game controller device for electronic trading
US8840471B2 (en) 2004-01-15 2014-09-23 Bgc Partners, Inc. System and method for using a game controller device for electronic trading

Also Published As

Publication number Publication date
WO1995006918A2 (en) 1995-03-09
AU7671494A (en) 1995-03-22

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