GB2408366A - Automated trading system - Google Patents

Automated trading system Download PDF

Info

Publication number
GB2408366A
GB2408366A GB0501585A GB0501585A GB2408366A GB 2408366 A GB2408366 A GB 2408366A GB 0501585 A GB0501585 A GB 0501585A GB 0501585 A GB0501585 A GB 0501585A GB 2408366 A GB2408366 A GB 2408366A
Authority
GB
United Kingdom
Prior art keywords
price
quote
trading system
messages
feed
Prior art date
Legal status (The legal status 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 status listed.)
Withdrawn
Application number
GB0501585A
Other versions
GB0501585D0 (en
Inventor
Michael S Merold
Snezhana Malkin
Tracey Riordan
Edward R Howorka
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
Electronic Broking Services Ltd
Original Assignee
Electronic Broking Services Ltd
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 Electronic Broking Services Ltd filed Critical Electronic Broking Services Ltd
Publication of GB0501585D0 publication Critical patent/GB0501585D0/en
Publication of GB2408366A publication Critical patent/GB2408366A/en
Withdrawn legal-status Critical Current

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

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Finance (AREA)
  • Engineering & Computer Science (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Marketing (AREA)
  • Strategic Management (AREA)
  • Technology Law (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

A method of operating computer trading interface of the type which is arranged to convert price messages to quote price messages for submission to an automated trading system. A price message feed in which price messages each specifying a feed price for a tradable instrument, is received at the computer trading interface. The interface then determines whether a quote message should be generated and submitted based on at least the feed prices indicated in the price messages. A quote amount is derived from at least one amount parameter and quote message including a quote price and a quote amount is generated for submission to the automated trading system.

Description

GB 2408366 A continuation (72) Inventor(s): Michael S Merold Snezhana
Malkin Tracey Riordan Edward R Howorka (74) Agent and/or Address for Service: Reddie & Grose 16 Theabalds Road, LONDON, WC1X 8PL, United Kingdom
GB0501585A 2002-07-26 2003-07-07 Automated trading system Withdrawn GB2408366A (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US10/205,535 US20040019554A1 (en) 2002-07-26 2002-07-26 Automated trading system
PCT/US2003/020978 WO2004012032A2 (en) 2002-07-26 2003-07-07 Automated trading system

Publications (2)

Publication Number Publication Date
GB0501585D0 GB0501585D0 (en) 2005-03-02
GB2408366A true GB2408366A (en) 2005-05-25

Family

ID=30770085

Family Applications (1)

Application Number Title Priority Date Filing Date
GB0501585A Withdrawn GB2408366A (en) 2002-07-26 2003-07-07 Automated trading system

Country Status (5)

Country Link
US (1) US20040019554A1 (en)
JP (1) JP2006503348A (en)
AU (1) AU2003256375A1 (en)
GB (1) GB2408366A (en)
WO (1) WO2004012032A2 (en)

Families Citing this family (53)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7680715B2 (en) * 2000-06-01 2010-03-16 Pipeline Financial Group, Inc. Systems and methods for providing anonymous requests for quotes for financial instruments
US20050131802A1 (en) * 2000-11-17 2005-06-16 Arman Glodjo Method and system for network-decentralized trading with optimal proximity measures
US6957741B2 (en) * 2001-08-07 2005-10-25 Manfred Franz Axel Freissle Screening arrangement
US7552083B2 (en) * 2003-04-24 2009-06-23 Chicago Board Options Exchange, Incorporated Hybrid trading system for concurrently trading through both electronic and open-outcry trading mechanisms
US8346653B2 (en) 2003-04-24 2013-01-01 Chicago Board Options Exchange, Incorporated Automated trading system for routing and matching orders
US7613650B2 (en) 2003-04-24 2009-11-03 Chicago Board Options Exchange, Incorporated Hybrid trading system for concurrently trading securities or derivatives through both electronic and open-outcry trading mechanisms
US7653588B2 (en) 2003-04-24 2010-01-26 Chicago Board Options Exchange, Incorporated Method and system for providing order routing to a virtual crowd in a hybrid trading system
US7676421B2 (en) 2003-04-24 2010-03-09 Chicago Board Options Exchange, Incorporated Method and system for providing an automated auction for internalization and complex orders in a hybrid trading system
US8027901B2 (en) * 2003-05-23 2011-09-27 Omx Technology Ab Automatic generation of an order in an instrument in a specified currency
US20050228741A1 (en) * 2004-04-08 2005-10-13 Hotspot Fx, Inc. Financial instrument trading system and method
US20050228739A1 (en) * 2004-04-08 2005-10-13 Hotspot Fx Inc. Financial instrument trading system, method and computer program product
US7529707B2 (en) 2004-08-04 2009-05-05 Bgc Partners, Inc. System and method for managing trading using alert messages for outlying trading orders
US7577605B2 (en) * 2004-08-04 2009-08-18 Bgc Partners, Inc. System and method for managing trading using alert messages for outlying trading orders
GB2417345A (en) 2004-08-13 2006-02-22 Ebs Group Ltd Automated trading system
US7783558B1 (en) * 2004-12-28 2010-08-24 Trading Technologies International, Inc. System and method for providing market updates in an electronic trading environment
US7809629B2 (en) * 2005-04-07 2010-10-05 Chicago Board Options Exchange, Incorporated Market participant issue selection system and method
US8326715B2 (en) 2005-05-04 2012-12-04 Chicago Board Operations Exchange, Incorporated Method of creating and trading derivative investment products based on a statistical property reflecting the variance of an underlying asset
US20060253369A1 (en) * 2005-05-04 2006-11-09 Chicago Board Options Exchange Method of creating and trading derivative investment products based on an average price of an underlying asset during a calculation period
US20080082436A1 (en) * 2005-05-04 2008-04-03 Shalen Catherine T System And Method For Creating And Trading A Digital Derivative Investment Instrument
US20060253355A1 (en) * 2005-05-04 2006-11-09 Chicago Board Options Exchange System and method for creating and trading a digital derivative investment instrument
US20060253368A1 (en) * 2005-05-04 2006-11-09 Chicago Board Options Exchange System and method for creating and trading credit rating derivative investment instruments
US8326716B2 (en) * 2005-05-04 2012-12-04 Chicago Board Options Exchange, Incorporated Method and system for creating and trading derivative investment products based on a statistical property reflecting the variance of an underlying asset
US8027904B2 (en) * 2005-05-04 2011-09-27 Chicago Board Options Exchange, Incorporated Method and system for creating and trading corporate debt security derivative investment instruments
US8489489B2 (en) * 2005-05-05 2013-07-16 Chicago Board Options Exchange, Incorporated System and method for trading derivatives in penny increments while disseminating quotes for derivatives in nickel/dime increments
US20060287940A1 (en) * 2005-06-15 2006-12-21 Almstroem Mats Systems and methods for preventing server and network overload
US7966237B2 (en) * 2005-09-30 2011-06-21 Barclays Capital Inc. Central pricing system and method
US20070226312A1 (en) * 2006-03-24 2007-09-27 Nokia Corporation System and method for using web syndication feeds as a change log for synchronization in a UPnP audio/video environment
CA2662200A1 (en) * 2006-08-28 2008-03-06 Laurence Rose Request for quote system and method
US8140425B2 (en) 2006-11-13 2012-03-20 Chicago Board Options Exchange, Incorporated Method and system for generating and trading derivative investment instruments based on a volatility arbitrage benchmark index
US20080120249A1 (en) * 2006-11-17 2008-05-22 Chicago Board Options Exchange, Incorporated Method of creating and trading derivative investment products based on a statistical property reflecting the volatility of an underlying asset
US7797224B2 (en) * 2006-12-29 2010-09-14 Checkfree Corporation Systems and methods for automatically backing out by orders
US7873563B2 (en) * 2006-12-29 2011-01-18 Checkfree Corporation Systems and methods for automatically backing out buy orders
US10026122B2 (en) * 2006-12-29 2018-07-17 Trading Technologies International, Inc. System and method for controlled market data delivery in an electronic trading environment
US10185995B2 (en) * 2007-01-16 2019-01-22 Bgc Partners, L.P. System and method for managing display of market data in an electronic trading system
US20080249937A1 (en) * 2007-04-06 2008-10-09 Walls Robert K Payment card based remittance system with delivery of anti-money laundering information to receiving financial institution
US8165953B2 (en) 2007-09-04 2012-04-24 Chicago Board Options Exchange, Incorporated System and method for creating and trading a derivative investment instrument over a range of index values
US8249972B2 (en) 2007-11-09 2012-08-21 Chicago Board Options Exchange, Incorporated Method and system for creating a volatility benchmark index
US20090204534A1 (en) * 2007-11-09 2009-08-13 Tilly Edward T Method and system for providing order routing to a virtual crowd in a hybrid trading system and executing an entire order
US8788381B2 (en) * 2008-10-08 2014-07-22 Chicago Board Options Exchange, Incorporated System and method for creating and trading a digital derivative investment instrument
WO2010112087A1 (en) * 2009-04-03 2010-10-07 Netcycler Oy On-line searching systems
US20100280937A1 (en) * 2009-05-01 2010-11-04 Hiatt Jr John C Method and system for creating and trading mortgage-backed security products
US8321322B2 (en) * 2009-09-28 2012-11-27 Chicago Board Options Exchange, Incorporated Method and system for creating a spot price tracker index
WO2011045763A2 (en) * 2009-10-14 2011-04-21 Intellitrade Ltd. Throttling system and method for enabling automated liquidity management in financial markets
KR101725098B1 (en) 2010-10-12 2017-04-26 삼성전자주식회사 Power Management apparatus and method for controlling the same
US8612331B2 (en) * 2010-10-21 2013-12-17 Consensus Point, Inc. Prediction market system and methods
US10825033B2 (en) 2012-12-28 2020-11-03 Consensus Point, Inc. Systems and methods for using a graphical user interface to predict market success
US11151588B2 (en) 2010-10-21 2021-10-19 Consensus Point, Inc. Future trends forecasting system
US11138525B2 (en) * 2012-12-10 2021-10-05 Trading Technologies International, Inc. Distribution of market data based on price level transitions
US20150037496A1 (en) * 2013-01-09 2015-02-05 Imerys Pigments, Inc. Treatments for non-caking mine rock dust
US10956977B2 (en) * 2013-03-15 2021-03-23 Integral Development, Inc. Methods and systems for facilitating financial exchanges between liquidity takers and liquidity providers
US10664548B2 (en) 2013-07-12 2020-05-26 Trading Technologies International, Inc. Tailored messaging
US20170213289A1 (en) * 2016-01-27 2017-07-27 George Daniel Doney Dividend Yielding Digital Currency through Elastic Securitization, High Frequency Cross Exchange Trading, and Smart Contracts
US11488156B2 (en) 2020-07-13 2022-11-01 LedgerEdge Ltd. Confidential asset transaction system

Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
GB2389686A (en) * 2002-06-13 2003-12-17 Cfph Llc Systems and methods for providing a spreadsheet application interface for an electronic trading system

Family Cites Families (16)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US4412287A (en) * 1975-05-29 1983-10-25 Braddock Iii Walter D Automated stock exchange
US5168446A (en) * 1989-05-23 1992-12-01 Telerate Systems Incorporated System for conducting and processing spot commodity transactions
US5375055A (en) * 1992-02-03 1994-12-20 Foreign Exchange Transaction Services, Inc. Credit management for electronic brokerage system
JP3328991B2 (en) * 1993-04-16 2002-09-30 富士通株式会社 Electronic trading system
US5819238A (en) * 1996-12-13 1998-10-06 Enhanced Investment Technologies, Inc. Apparatus and accompanying methods for automatically modifying a financial portfolio through dynamic re-weighting based on a non-constant function of current capitalization weights
US6505174B1 (en) * 1996-03-25 2003-01-07 Hsx, Inc. Computer-implemented securities trading system with a virtual specialist function
US6421653B1 (en) * 1997-10-14 2002-07-16 Blackbird Holdings, Inc. Systems, methods and computer program products for electronic trading of financial instruments
US6151589A (en) * 1998-09-10 2000-11-21 International Business Machines Corporation Methods for performing large scale auctions and online negotiations
US6317728B1 (en) * 1998-10-13 2001-11-13 Richard L. Kane Securities and commodities trading system
US6278982B1 (en) * 1999-04-21 2001-08-21 Lava Trading Inc. Securities trading system for consolidation of trading on multiple ECNS and electronic exchanges
US7249080B1 (en) * 1999-10-25 2007-07-24 Upstream Technologies Llc Investment advice systems and methods
US7467110B2 (en) * 2000-05-01 2008-12-16 The Olsen Group Method for market making
US7389263B2 (en) * 2000-07-07 2008-06-17 Garry D Gladstone Method and system for the automated trading of financial instruments
US7089205B1 (en) * 2000-09-29 2006-08-08 Unx, Inc. Basket trading system having an interface for user specification of goods to be traded as a unit
US7184984B2 (en) * 2000-11-17 2007-02-27 Valaquenta Intellectual Properties Limited Global electronic trading system
US7392217B2 (en) * 2001-05-09 2008-06-24 Bgc Partners, Inc. Systems and methods for controlling traders from manipulating electronic trading markets

Patent Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
GB2389686A (en) * 2002-06-13 2003-12-17 Cfph Llc Systems and methods for providing a spreadsheet application interface for an electronic trading system

Also Published As

Publication number Publication date
WO2004012032A2 (en) 2004-02-05
WO2004012032A3 (en) 2004-08-19
JP2006503348A (en) 2006-01-26
GB0501585D0 (en) 2005-03-02
AU2003256375A1 (en) 2004-02-16
US20040019554A1 (en) 2004-01-29
AU2003256375A8 (en) 2004-02-16

Similar Documents

Publication Publication Date Title
GB2408366A (en) Automated trading system
GB2408367A (en) Automated trading system
GB2410583A (en) Trading system
WO2002015461A3 (en) Method and system for automatic execution of a securities transaction
GB2393823A (en) Electronic trading system
GB2395318A (en) Systems and methods for controlling traders from manipulating electronic trading markets
GB2400950A (en) Systems and methods for improving the liquidity and distribution network for luxury and other illiquid items
WO2003107121A3 (en) System and method for analyzing and displaying security trade transactions
AU3128400A (en) Bid message processing for real-time auctions
GB2399200A (en) Systems and methods for durable goods futures market
GB2400220A (en) Methods and systems for providing crossing markets
GB2410109A (en) Anonymous trading system
GB2397919A (en) Systems and methods for quoting a two-sided market
GB2392756A (en) Systems and methods for providing a futures contracts on options contracts exchange device
WO2006044671A3 (en) A flexible system and method for electronic trading
WO2001057612A3 (en) Method and system for obtaining a discovered price
GB2390926A (en) Price change of orders from reserve in an electronic trading system
GB2409552A (en) A method of buying or selling items and a user interface to facilitate the same
ES2160851T3 (en) ELECTRONIC COMMERCE SYSTEM INCLUDING A SELF-ARBITRATION FUNCTION OR NAME SWITCHING FUNCTION.
GB2377527A (en) Click based trading with intuitive grid display of market depth
WO2003010630A3 (en) System and method for displaying option market information
WO2004013743A3 (en) Methods and systems for purchase of commodities
WO2000063822A3 (en) System and method for optimizing the allocation of a resource
CA2288459A1 (en) System for discounting in a bidding process based on quality of service
GB2392283A (en) Systems and methods for an auto-security monitor that makes markets

Legal Events

Date Code Title Description
WAP Application withdrawn, taken to be withdrawn or refused ** after publication under section 16(1)