HK1050737A1 - 用於投標/報價價差交易的系統和方法 - Google Patents

用於投標/報價價差交易的系統和方法 Download PDF

Info

Publication number
HK1050737A1
HK1050737A1 HK03101272.4A HK03101272A HK1050737A1 HK 1050737 A1 HK1050737 A1 HK 1050737A1 HK 03101272 A HK03101272 A HK 03101272A HK 1050737 A1 HK1050737 A1 HK 1050737A1
Authority
HK
Hong Kong
Prior art keywords
market
bid
offer
spread
trading command
Prior art date
Application number
HK03101272.4A
Other languages
English (en)
Inventor
C. Gilbert Andrew
Stergiopoulos Andrew
Original Assignee
Espeed 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 Espeed Inc. filed Critical Espeed Inc.
Publication of HK1050737A1 publication Critical patent/HK1050737A1/zh

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; 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
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; 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

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Finance (AREA)
  • Accounting & Taxation (AREA)
  • Marketing (AREA)
  • Economics (AREA)
  • Development Economics (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)
HK03101272.4A 2001-03-30 2003-02-19 用於投標/報價價差交易的系統和方法 HK1050737A1 (zh)

Applications Claiming Priority (3)

Application Number Priority Date Filing Date Title
US28066801P 2001-03-30 2001-03-30
US09/981,565 US8145557B2 (en) 2001-03-30 2001-10-17 Bid/offer spread trading
US981565 2001-10-17

Publications (1)

Publication Number Publication Date
HK1050737A1 true HK1050737A1 (zh) 2003-07-04

Family

ID=26960439

Family Applications (1)

Application Number Title Priority Date Filing Date
HK03101272.4A HK1050737A1 (zh) 2001-03-30 2003-02-19 用於投標/報價價差交易的系統和方法

Country Status (5)

Country Link
US (2) US8145557B2 (zh)
EP (1) EP1246111A3 (zh)
GB (1) GB2392522A (zh)
HK (1) HK1050737A1 (zh)
WO (1) WO2002080433A2 (zh)

Families Citing this family (73)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6993504B1 (en) 1999-04-09 2006-01-31 Trading Technologies International, Inc. User interface for semi-fungible trading
US7212999B2 (en) 1999-04-09 2007-05-01 Trading Technologies International, Inc. User interface for an electronic trading system
US6938011B1 (en) 2000-03-02 2005-08-30 Trading Technologies International, Inc. Click based trading with market depth display
US7389268B1 (en) 2000-03-02 2008-06-17 Trading Technologies International, Inc. Trading tools for electronic trading
US6772132B1 (en) 2000-03-02 2004-08-03 Trading Technologies International, Inc. Click based trading with intuitive grid display of market depth
US7437325B2 (en) 2002-03-05 2008-10-14 Pablo Llc System and method for performing automatic spread trading
US6939137B1 (en) * 2001-12-12 2005-09-06 Cantor Fitzgerald, Lp Method and system for training traders
US8145557B2 (en) 2001-03-30 2012-03-27 Bgc Partners, Inc. Bid/offer spread trading
US7243083B2 (en) 2001-06-14 2007-07-10 Trading Technologies International, Inc. Electronic spread trading tool
US7315839B2 (en) * 2001-09-20 2008-01-01 Ubs Ag Securities pricing system
US7813995B2 (en) 2002-03-05 2010-10-12 Trading Technologies International, Inc. System and method for estimating a spread value
US10896463B2 (en) * 2002-06-11 2021-01-19 Bgc Partners, Inc. Trading system with price improvement
US9805417B2 (en) 2002-06-19 2017-10-31 Trading Technologies International, Inc. System and method for automated trading
WO2004001522A2 (en) * 2002-06-20 2003-12-31 Ka Shun Kevin Fung Method and system for improving the liquidity of transactions
EP1541657B2 (en) 2002-07-19 2014-03-05 Idemitsu Kosan Co., Ltd. Organic electroluminescent devices and organic luminescent medium
US20040078317A1 (en) * 2002-10-17 2004-04-22 Allen Anne E. Method and system for generating a dual quote
US7426490B1 (en) 2002-10-31 2008-09-16 Trading Technologies International, Inc. System and method for automated order entry on short queues
US7792734B1 (en) 2002-12-27 2010-09-07 Trading Technologies International, Inc. Method, apparatus and interface for transaction toggling
US7827089B2 (en) * 2003-03-24 2010-11-02 Bgc Partners, Inc. Systems and methods for trading at a price within a spread market
US8595121B2 (en) 2003-03-24 2013-11-26 Bgc Partners, Inc. Midprice trading within a spread market
US7904370B2 (en) 2003-03-31 2011-03-08 Trading Technologies International, Inc. System and method for variably regulating order entry in an electronic trading system
US7587357B1 (en) 2003-06-30 2009-09-08 Trading Technologies International Inc. Repositioning of market information on trading screens
US10515408B2 (en) 2003-08-13 2019-12-24 Bgc Partners, Inc. Systems and methods for bid/offer liquidity spread trading
US20050038732A1 (en) * 2003-08-13 2005-02-17 Espeed, Inc. Systems and methods for bid/offer liquidity spread trading
US20050055304A1 (en) 2003-09-10 2005-03-10 Lutnick Howard W. Trading application program interface
US11100582B2 (en) 2003-09-22 2021-08-24 Trading Technologies International, Inc. System and method for dynamically determining quantity for risk management
US7702568B1 (en) * 2003-09-22 2010-04-20 Trading Technologies International, Inc. System and method for icon oriented representation of trading strategies
US7861185B1 (en) 2003-12-30 2010-12-28 Trading Technologies International, Inc. System and method for dynamically determining quantity for risk management
US20050065871A1 (en) * 2003-09-23 2005-03-24 Nucenz Technologies, Inc. Collateralized loan market systems and methods
US7668767B1 (en) * 2003-10-01 2010-02-23 Trading Technologies International, Inc. System and method for dynamic quantity orders in an electronic trading environment
AU2004220731B2 (en) * 2003-10-17 2009-12-03 Bgc Partners, Inc. Systems and Methods for Providing Enhanced Volume-Weighted Average Price Trading
US8655755B2 (en) 2003-10-22 2014-02-18 Scottrade, Inc. System and method for the automated brokerage of financial instruments
US10002385B2 (en) * 2003-10-28 2018-06-19 Bgc Partners, Inc. Managing the execution of trades between market makers
US20060167773A1 (en) * 2003-11-12 2006-07-27 Kangle Yang Settlement of auctions by determining quantity before price
US10304097B2 (en) 2004-01-29 2019-05-28 Bgc Partners, Inc. System and method for controlling the disclosure of a trading order
US7835987B2 (en) 2004-01-29 2010-11-16 Bgc Partners, Inc. System and method for routing a trading order according to price
US8738498B2 (en) 2004-01-29 2014-05-27 Bgc Partners, Inc. System and method for routing a trading order
US8200568B2 (en) 2004-07-21 2012-06-12 Bgc Partners, Inc. System and method for managing trading orders received from market makers
CA2971774A1 (en) * 2004-09-28 2006-03-28 Bgc Partners Inc. Systems and methods for providing neutral price improvement
AU2006244479B2 (en) 2005-05-05 2012-08-09 Nyse Group, Inc. Unpriced order auction and routing
WO2006121687A2 (en) 2005-05-05 2006-11-16 Archipelago Holdings, Inc. Reprice-to-block order
US7873561B1 (en) 2005-05-05 2011-01-18 Archipelago Holdings, Inc. Method and system for maintaining an order on a selected market center with maximum price exemption parameter
US7937315B2 (en) 2005-05-05 2011-05-03 Archipelago Holdings, Inc. Portfolio execution and reporting
AU2006244483B2 (en) 2005-05-05 2012-05-31 Nyse Group, Inc. Tracking liquidity order
AU2006244563B2 (en) 2005-05-05 2011-07-21 Nyse Group, Inc. Anti-internalization order modifier
US7765137B1 (en) 2005-05-05 2010-07-27 Archipelago Holdings, Inc. Method and system for maintaining an order on a selected market center
US7908201B2 (en) 2005-05-05 2011-03-15 Archipelago Holdings, Inc. Cross and post order
US7912775B1 (en) * 2005-05-05 2011-03-22 Archipelago Holdings, Inc. Liquidity analysis system and method
US20060265313A1 (en) * 2005-05-17 2006-11-23 Fung Kevin K Trading bids with bounded odds by auction
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
WO2007038084A2 (en) 2005-09-23 2007-04-05 Archipelago Holdings, Inc. Directed order
US7672896B2 (en) 2005-09-30 2010-03-02 Trading Technologies International, Inc. System and method for order placement in an electronic trading environment
US7979339B2 (en) 2006-04-04 2011-07-12 Bgc Partners, Inc. System and method for optimizing execution of trading orders
US7672898B1 (en) 2006-07-07 2010-03-02 Trading Technologies International Inc. Regulating order entry in an electronic trading environment to maintain an actual cost for a trading strategy
US9799072B2 (en) 2006-07-28 2017-10-24 Nyse Group, Inc. Enhanced quote and order integration system and method
US7917418B2 (en) 2006-12-04 2011-03-29 Archipelago Holdings, Inc. Efficient data dissemination for financial instruments
WO2008083383A2 (en) 2006-12-30 2008-07-10 Cfph, Llc Methods and systems for managing and trading using a shared order book as internal exchange
US7716118B2 (en) * 2007-01-16 2010-05-11 Peter Bartko System and method for providing latency protection for trading orders
US7711633B2 (en) 2007-04-02 2010-05-04 Bgc Partners, Inc. Apparatus and methods to use test orders to determine locking preferences
US7769675B2 (en) 2007-04-02 2010-08-03 Bgc Partners, Inc. Test trading
US7747516B2 (en) * 2007-04-02 2010-06-29 Bgc Partners, Inc. Apparatus and methods for differentiating trading orders
US7716120B2 (en) * 2007-04-02 2010-05-11 Bgc Partners, Inc. Apparatus and methods for placing and transmitting trading orders
AU2008232500B9 (en) * 2007-04-02 2012-02-16 Bgc Partners, Inc. Test trading
US8249976B1 (en) 2007-10-30 2012-08-21 Trading Technologies International Inc. System and method for optimizing order placement in an order queue in an electronic trading environment
US10096066B2 (en) 2009-10-20 2018-10-09 Trading Technologies International, Inc. User-defined algorithm electronic trading
US10853877B2 (en) 2009-10-26 2020-12-01 Trading Technologies International, Inc. Lean level support for trading strategies
US8566220B2 (en) 2011-01-26 2013-10-22 Trading Technologies International, Inc. Block placing tool for building a user-defined algorithm for electronic trading
US8706610B2 (en) 2011-08-16 2014-04-22 Sl-X Technology Uk Ltd. Systems and methods for electronically initiating and executing securities lending transactions
US8682780B2 (en) 2011-08-16 2014-03-25 Sl-X Technology Uk Ltd. Systems and methods for electronically initiating and executing securities lending transactions
US11587172B1 (en) 2011-11-14 2023-02-21 Economic Alchemy Inc. Methods and systems to quantify and index sentiment risk in financial markets and risk management contracts thereon
US10361986B2 (en) * 2014-09-29 2019-07-23 Disney Enterprises, Inc. Gameplay in a chat thread

Family Cites Families (33)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US3581072A (en) * 1968-03-28 1971-05-25 Frederick Nymeyer Auction market computation system
US3573747A (en) * 1969-02-24 1971-04-06 Institutional Networks Corp Instinet communication system for effectuating the sale or exchange of fungible properties between subscribers
US5168446A (en) * 1989-05-23 1992-12-01 Telerate Systems Incorporated System for conducting and processing spot commodity transactions
US5101353A (en) * 1989-05-31 1992-03-31 Lattice Investments, Inc. Automated system for providing liquidity to securities markets
GB9027249D0 (en) * 1990-12-17 1991-02-06 Reuters Ltd Offer matching system
US5347452A (en) * 1991-07-12 1994-09-13 Bay Jr William P Method for providing a visual display of current trading volume and cumulative average trading volume for preselected time intervals
US5809483A (en) * 1994-05-13 1998-09-15 Broka; S. William Online transaction processing system for bond trading
US5915209A (en) * 1994-11-21 1999-06-22 Lawrence; David Bond trading system
US5845266A (en) * 1995-12-12 1998-12-01 Optimark Technologies, Inc. Crossing network utilizing satisfaction density profile with price discovery features
US5826244A (en) * 1995-08-23 1998-10-20 Xerox Corporation Method and system for providing a document service over a computer network using an automated brokered auction
WO1997008640A1 (en) * 1995-08-28 1997-03-06 Ebs Dealing Resources, Inc. Anonymous trading system with improved quote input capabilities
US5787402A (en) * 1996-05-15 1998-07-28 Crossmar, Inc. Method and system for performing automated financial transactions involving foreign currencies
US6850907B2 (en) * 1996-12-13 2005-02-01 Cantor Fitzgerald, L.P. Automated price improvement protocol processor
US5987620A (en) * 1997-09-19 1999-11-16 Thang Tran Method and apparatus for a self-timed and self-enabled distributed clock
US6131087A (en) * 1997-11-05 2000-10-10 The Planning Solutions Group, Inc. Method for automatically identifying, matching, and near-matching buyers and sellers in electronic market transactions
CA2336836A1 (en) 1998-07-08 2000-01-20 British Telecommunications Public Limited Company Requirements matching
AU5777599A (en) 1998-08-21 2000-03-14 Marketxt, Inc. Anti-manipulation method and system for a real-time computerized stock trading system
US6618707B1 (en) * 1998-11-03 2003-09-09 International Securities Exchange, Inc. Automated exchange for trading derivative securities
AU2382900A (en) 1998-12-24 2000-07-31 Automated Trading Systems, Inc. Method and apparatus for spread-adjusted electronic riskless principal trading
CA2257428A1 (en) 1998-12-29 2000-06-29 Mark Van Roon Computer based matching system for buyers and sellers
US6272474B1 (en) * 1999-02-08 2001-08-07 Crisostomo B. Garcia Method for monitoring and trading stocks via the internet displaying bid/ask trade bars
US6882985B1 (en) * 1999-04-08 2005-04-19 Alan F. Kay Marketplace system fees enhancing market share and participation
US7392214B1 (en) 1999-04-30 2008-06-24 Bgc Partners, Inc. Systems and methods for trading
US6418419B1 (en) * 1999-07-23 2002-07-09 5Th Market, Inc. Automated system for conditional order transactions in securities or other items in commerce
AU6784600A (en) 1999-08-17 2001-03-13 Progress Software, Inc. Concurrent commit lock
US7171386B1 (en) * 1999-10-08 2007-01-30 Rfv Holdings Real-time commodity trading method and apparatus
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
US8145557B2 (en) 2001-03-30 2012-03-27 Bgc Partners, Inc. Bid/offer spread trading
US7243083B2 (en) * 2001-06-14 2007-07-10 Trading Technologies International, Inc. Electronic spread trading tool
US20050038732A1 (en) * 2003-08-13 2005-02-17 Espeed, Inc. Systems and methods for bid/offer liquidity spread trading
US10515408B2 (en) * 2003-08-13 2019-12-24 Bgc Partners, Inc. Systems and methods for bid/offer liquidity spread trading
US7774250B1 (en) 2005-11-23 2010-08-10 Bgc Partners, Inc. Systems and methods for providing valid responses to requests for quotations
US7979339B2 (en) 2006-04-04 2011-07-12 Bgc Partners, Inc. System and method for optimizing execution of trading orders

Also Published As

Publication number Publication date
US8145557B2 (en) 2012-03-27
US11030687B2 (en) 2021-06-08
WO2002080433A3 (en) 2013-10-31
WO2002080433A2 (en) 2002-10-10
US20020198816A1 (en) 2002-12-26
US20120203684A1 (en) 2012-08-09
EP1246111A2 (en) 2002-10-02
GB0321591D0 (en) 2003-10-15
GB2392522A (en) 2004-03-03
EP1246111A3 (en) 2004-03-31

Similar Documents

Publication Publication Date Title
US8145557B2 (en) Bid/offer spread trading
US11205227B2 (en) Systems and methods for bid/offer liquidity spread trading
US8504483B2 (en) Electronic trading system supporting anonymous negotiation and indications of interest
US7991647B2 (en) Systems and methods for providing volume-weighted average price auction trading
US5905974A (en) Automated auction protocol processor
US20050038732A1 (en) Systems and methods for bid/offer liquidity spread trading
US8401951B2 (en) Electronic trading system supporting anonymous negotiation and indicators of interest
CA2481147C (en) Graphical user interface related to non-standard trading or financial instruments
US7349881B1 (en) Computer borrow and loan securities auction system
US20050216393A1 (en) Systems and methods for allowing market-maker participation in transactions
CA3015822A1 (en) Systems and methods for providing valid responses to requests for quotations
US20080015965A1 (en) method and system for trading tangible and intangible goods
EP1258825A1 (en) Automated auction processor for underwriting securities
CA2493971A1 (en) Automated auction protocol processor
AU777287B2 (en) Automated auction protocol processor
US20140067648A1 (en) Price improvement in request for quotation trading
AU2005200047B2 (en) Automated auction protocol processor
WO2001033463A1 (en) Computer borrow and loan securities auction system
HK1051912A (zh) 用於保险业的自动拍卖处理器
HK1072483A (zh) 自动拍卖协议处理机
AU2008201836A1 (en) Automated auction protocol processor