JP2002251522A - System for on-line foreign exchange transaction - Google Patents

Abstract

PROBLEM TO BE SOLVED: To automatically transmit a warning mail to a customer when an exchange rate comes near a loss-cut price or when a due date comes near, in an on-line trade of a foreign exchange. SOLUTION: In this on-line foreign exchange transaction system comprising a log-in server, an application server, a database server and a mail server, the application server issues a command to the database server to transmit at least once prescribed warning mail sentences respectively from the database server to the mail server when a difference between an indicative price and a preset price comes within a fixed range, and when residual days up to the due date come to preset days or less, and the mail server transmits the prescribed warning mail sentence transmitted from the database server to a mail address assigned by the customer through the Internet.

Description

DETAILED DESCRIPTION OF THE INVENTION

[0001]

BACKGROUND OF THE INVENTION 1. Field of the Invention The present invention relates to an online forex trading system, and more particularly to a system for minimizing a customer loss caused by a rapid fluctuation of an exchange rate. The present invention relates to an online foreign exchange system that automatically sends a warning e-mail to a customer when a level is reached or a deadline is approaching, thereby preventing loss from expanding by the customer's intention.

[0002]

2. Description of the Related Art Conventionally, foreign exchange transactions were only conducted at the window of an authorized foreign exchange bank, but due to the deregulation of the foreign exchange business following the revision of the Foreign Exchange Law in April 1998, the conventional It has become possible for foreign exchange brokers (brokers) to operate in financial institutions such as securities companies other than foreign exchange authorized banks.

In addition, with the remarkable development of IT technology in recent years, the use of foreign exchange online transaction services provided by foreign exchange brokers such as securities companies has made it possible for customers to connect with overseas banks via the server of the foreign exchange broker through the terminal of the foreign exchange broker. You can now do currency trading.

[0004]

The exchange rate is susceptible to changes in the economic and political conditions of the country and is constantly fluctuating. If political instability occurs, the currency will be sold in that country. Increases and the exchange rate can drop significantly. Moreover, the foreign exchange market (also called the interbank market), in which financial institutions such as banks trade with each other, starts in the Oceania market, goes through the European market and closes the New York market for 24 hours. Therefore, the exchange rate may fluctuate significantly while Japanese customers are sleeping.

[0005] In order to avoid the risk in such a case, depending on the forex broker, when the exchange rate exceeds a predetermined price, the forex broker may place a counter trading order without informing the customer. By executing and contracting, the loss may be fixed and contracted with the customer in advance so that the loss will not increase further, but this agreement is generally called a "loss cut rule", price that has been set in the loss cut rule (set value) of "loss cut price".

However, since the execution of the loss cut rule places an anti-sale trade order after reaching the loss cut price, when the exchange rate is volatile, it is necessary to buy above (sell below) the loss cut price. Could exceed the set loss limit. To prevent this,
Customers frequently monitored the exchange rate, and when they approached the loss-cut price, they had to make counter-trading orders on their own, and the monitoring of the exchange rate was heavy.

[0007] On-line foreign exchange transactions
A small amount of the deposit will result in a large amount (eg 10% of the deposit)
It is in the form of a deposit transaction in which it is possible to carry out a transaction of up to twice), and it is necessary to settle the open position (position) by a predetermined date and settle the loan balance. On the other hand, if the customer does not buy and sell by the business day before the due date and does not settle, the foreign exchange broker will buy and sell the position on the next business day (due date) and settle it. But,
Customers may need to keep an eye on due dates, as contracts may be executed at exchange rates not desired by the customer.

In the case described above, if there is a warning from the foreign exchange broker to the customer that the loss cut price has been approached or the due date is approaching, the customer can be aware of the warning and take appropriate measures. .

However, since it is a burden for the exchange broker to constantly monitor and issue such a warning on a customer basis, there has been a demand for a system capable of automatically issuing a warning message.

[0010] The present invention has been made in view of the above circumstances, and an object of the present invention is to automatically provide a customer when an exchange rate approaches the above-mentioned loss cut price or further when a due date approaches. To provide an online forex trading system that enables a countermeasure to be taken by the will of the customer by sending a warning e-mail to prevent an increase in loss.

[0011]

SUMMARY OF THE INVENTION The present invention relates to a system for minimizing the loss of customers caused by rapid fluctuations in exchange rates in an online foreign exchange trading system. An online foreign exchange transaction system comprising a login server, an application server, a database server, and a mail server, wherein the login server is connected to a customer terminal via the Internet, and is connected to a bank via a dedicated line. The application server is also connected to a server and configured to transfer data between a customer terminal and a bank-side server. The application server is connected to the login server and the database server, and communicates between the customer and the bank. Automatically perform ordering and business operations, and respond to the database server. The database server is configured to issue a command to send a predetermined warning email message to the mail server at least once when a difference between the quote price and the preset price falls below a certain range, The database server is connected to the application server and the mail server, sends necessary data to the application server in response to a request from the application server, and transmits the predetermined warning mail message according to a command from the application server. To the mail server, wherein the mail server is configured to send the predetermined warning mail sent from the database server to a mail address specified by a customer via the Internet. Forex trading system It is achieved.

Another object of the present invention is to automatically send a warning mail to a customer when the deadline is approaching to prevent the loss from increasing by the customer's intention. An online foreign exchange transaction system comprising a database server and a mail server, wherein the login server is connected to a customer terminal via the Internet, and is also connected to a bank server via a dedicated line, It is configured to transfer data between the terminal and the bank server,
The application server is connected to the login server and the database server, and automatically performs ordering work between a customer and a bank. When the number of days is less than or equal to the set number of days, the database server is configured to execute a command to send a predetermined warning email message to the mail server at least once, wherein the database server is configured to communicate with the application server and the mail server. Connected to send necessary data to the application server in response to a request from the application server, and configured to send the predetermined warning e-mail message to the mail server according to an instruction from the application server; server, the de The predetermined warning mail text sent from database server is achieved by the configuration on-line foreign exchange trading system to send the customer a specified mail address through the Internet.

Further, the above two objects, namely, the loss cut warning and the due date warning, are provided in an online foreign exchange transaction system comprising a login server, an application server, a database server, and a mail server. The server is connected to the customer terminal via the Internet, is also connected to the bank server via a dedicated line, and is configured to transfer data between the customer terminal and the bank server, and the application The server is connected to the log-in server and the database server, and automatically performs an ordering operation between a customer and a bank. The server also determines whether a difference between a quote price and a preset price for the database server. When the number falls below a certain range and the number of days remaining until a predetermined date is set in advance When the number is equal to or less than the number, the database server is configured to execute a command to send a predetermined warning e-mail message to the mail server at least once, wherein the database server includes the application server and the mail server. Connected to send the necessary data to the application server in response to a request from the application server, and send the predetermined warning mail message to the mail server according to a command from the application server; The server is enabled by an online forex trading system configured to transmit the predetermined warning e-mail sent from the database server to an e-mail address specified by a customer via the Internet, thereby increasing loss. Prevention Further it is effectively achieved.

[0014]

DESCRIPTION OF THE PREFERRED EMBODIMENTS Embodiments of the present invention will be described below.
This will be described with reference to the drawings.

FIG. 1 shows an overall configuration including an online foreign exchange transaction system 3 according to the present invention.
When a forex broker accesses the homepage of an online forex trading system 3 operated on the Internet 2 from a personal computer (for example, a personal computer) and inputs an order there,
Order data is sent via a dedicated line 4 to a server 5 of Bank A, which is a dealer, via a server constituting the online foreign exchange transaction system 3.

When the order is executed at Bank A, the order is stored as position information in the customer database in the online foreign exchange system 3 from the bank server 5 via the dedicated line 4,
The information has a mechanism that can be referenced customer at the customer terminal 1 via the Internet 2.

FIG. 2 is a block diagram showing the configuration of the online foreign exchange transaction system 3 according to the present invention. Here, the online foreign exchange transaction system 3 includes a login server 31, a mail server 32, an application server 33, and a database server 34. The login server 31 is connected to the customer terminal 1 via the Internet 2, The bank server 5 is connected to the dedicated line 4 to transmit and receive data, and the mail server 32
Is for transmitting each warning mail, which will be described later, sent from the database server 34 according to the instruction of the application server 33 to the customer via the Internet 2. Application server 33, and go the examination of whether or not the appropriate content that the customer has ordered automatically,
If the result is appropriate, it controls a series of ordering operations such as automatically placing an order with the other party's bank, and the database server 34 stores various data and manages the due date. The stored data includes, for example, customer ID, password, e-mail address, e-mail transmission history,
Examples include email text examples, open interest information, and quote information.

The flow from ordering to execution in the online forex trading system 3 having such a configuration will be described.
This will be described with reference to FIG.

First, the customer logs in to the login server 31 of the online foreign exchange transaction system 3 of the forex broker using his / her personal ID and password from the customer terminal 1 via the Internet 2 and an order input screen (FIG. 8). Call, transaction type (new purchase, new sale), amount,
If necessary, input a limit amount and the like, and press an order confirmation button (step S301). FIG. 9 shows an order input screen in the case of conducting reverse trading in order to repay the position. Next, in step S302, the application server 33 automatically checks whether the contents of the order are appropriate. Step S3
If the order is determined to be appropriate in 03, step S3
In 04, it is automatically converted to the order form to the counterparty bank (Fig. 1
The status field on the screen 0 is “ordering”). In step S305, the order data is transmitted from the login server 31 to the bank server 5 via the dedicated line 4 (when the order data is accepted by the bank, the screen in FIG. 10 is displayed). Status column is "ordered"). If it is determined in step S303 that the order content is not appropriate, an error message is displayed on the input screen in step S306, and the customer re-enters the order data in step S307. Next, the process returns to step S302, and the order content is checked again. Here, the check in step S302 is performed to confirm whether the order amount is consistent with the deposit balance, whether the limit price does not exceed a predetermined price limit, and the like. After the sales order is received from the bank, if the sale is completed in step S308, a notification to the effect that the contract has been made in step S309 is sent from the bank server 5 to the login server 31 via the dedicated line 4, and the application The information is stored in the database server 34 via the server 33 as position information. This result is reflected on the customer inquiry screen (FIG. 10) in step S310, and the status column in FIG. 10 changes from "ordered" to "contracted". Thus, the customer knows that the sale has been made.
Details of the open interest of the commitments already can see on the screen (Figure 11). Further, in step S311, the data is printed out as a transaction report by a printer (not shown) and sent to the customer as a paper medium.

On the other hand, if the transaction has not been made in step S308, the status field on the customer screen (FIG. 10) remains "ordered". change the order contents (cancel or limit of the change)
can do. Here, if it is desired to change the contents of the order, the process returns to step S301 to make an input. If not changed, the order is valid within the validity period, but expires after the validity period has passed (step S314), and "Revoked" is displayed in the status column of the customer screen (FIG. 10). Then, the customer returns to step S301 to redo the order. FIG. 12 is an example of a screen displaying a history of a series of movements from when a new position is ordered until execution is performed. Also,
FIG. 13 is an example of a screen displaying the details of the delivery price and the like for the open position whose payment has been completed, and shows the details of the amount actually received (or paid) by the customer.

When a new order is executed as described above, a position is generated for the customer, but the exchange rate is constantly changing, so that the customer is exposed to exchange risk. To avoid this risk, by exchange broker provided loss cut rule, to prevent the expansion of losses incurred by customers.

This will be specifically described with reference to FIG.

If a customer places a purchase order of $ 1 million with a deposit of 12 million yen as a collateral, and this is executed at a price of 120 yen, the customer has a $ 1 million open position. Furthermore, the customer borrowed 120 million yen from an exchange broker and deposited $ 1 million. If the yen strengthens after buying the dollar, the loss will be incurred by multiplying the exchange rate difference by one million. If the trading value increases in this way, the total loss will increase in proportion to the change in the exchange rate even if the change in the exchange rate is slight, so if the dollar is declining as shown in FIG. , You could incur significant losses overnight.

[0024] Therefore, if decided in advance loss cut price (which is 117 yen was made to 3 yen yen against the dollar from the time of purchase price in the example of FIG. 4.) As shown in the figure, if the customer their own Even if the trade is not made before reaching the loss cut price with the intention of the above, the order of the reverse trade is automatically executed when the loss cut point is reached, so theoretically the loss is 3 yen / dollar × 1 million The dollar will not exceed 3 million yen.

However, the loss cut price is only a quote, and after the quote has been reached, the counter-trading order (in this case, the dollar selling order) is executed with success.
Not necessarily sell in the circle, when the market is in the yen against the dollar trend is often to contract in place that became even more the yen against the dollar in it (for example yen 116.9). Then, a loss of 0.1 yen / dollar × $ 1 million = 100,000 yen (this loss is called slippage) will increase.

In the online foreign exchange transaction system according to the present invention, in such a case, at a certain point in time before reaching the loss cut price, a warning to the customer that the loss cut price is approaching is provided by e-mail or the like. The feature is that the automatic transmission to alert the user prevents loss of customers. Specifically, the price at the time of purchase was 120 yen, and the dollar fell by 2 yen to 11
The first warning mail is transmitted at 8 yen, and the second warning mail is issued at 117.5 yen, which is 2.5 yen higher than the price at the time of purchase and is lower than the dollar.

If the price exceeds 2.5 yen, transmission is continued every day until the loss cut price is reached. Customers who receive the warning email will be able to trade at their own discretion and stop losses before reaching the loss cut price. Although the warning is set in two steps in this embodiment, it goes without saying that the warning may be set more finely.

FIG. 5 is a view for explaining the concept of the loss cut in the case of a short position. Although the relationship is exactly opposite to that in the case of a long position, the concept is the same, and the description is omitted.

Next, an automatic transmission system of the loss cut warning mail in the online foreign exchange transaction system according to the present invention will be described with reference to a flowchart shown in FIG. It should be noted, which indicates the loss cut in the case of a purchase open interest.

Step S601 "daily order / contract processing"
Means a series of processes shown in FIG. In step S602, the low price X (which fluctuates in real time) of the buy price at any time during the order / contract processing of the day is compared with the price Y at the time of purchase, and the difference is determined by the loss cut setting value (this If it exceeds 3 yen in the example), a reverse trading is automatically performed in step S613 (in this case, a sell order is executed),
Execute loss cut. The execution of the sell order is automatically reflected in the customer screen (FIG. 10) as "ordered" (step
S614), when the execution is completed in step S615 and the open position is settled, the application server 33 instructs the database server 34 to send a text example of the loss cut execution notification mail (FIG. 15) to the mail server 32, and in step S616 The mail server 32 transmits it to the designated customer's mail address via the Internet 2.

On the other hand, if the quote price does not exceed the loss cut price in step S602, after performing a batch process of closing date and time in step S603, the low price X and the purchase price Y of the buy quote at that time are compared. If the difference is greater than or equal to 2 yen and less than 2.5 yen, in step S606, the application server 33 inquires of the database server 34 whether or not there is a warning mail transmission history in the past. If there is no transmission history, a loss cut warning mail (FIG. 14) is transmitted from the mail server 32 via the Internet 2 in step S607. Note that the warning mail is sent only once a day. If the difference is between 2 yen and 2.5 yen, the warning mail is not sent again even if the price range is the same on another day (step S606). ). On the other hand, if the difference is not less than 2.5 yen and less than 3 yen, a warning mail is transmitted every day in step S608 as long as the state continues (however, once a day). The “date and time closing batch process” in step S603 means that various expenses and fees are calculated for all transactions for the previous day (for example, from 8:00 am to 6:00 am the previous day). .

If the customer who has received the warning e-mail transmitted in step S607 or step S608 performs a counter-sale (sell order) by himself and settles the open position,
The open interest is eliminated and the profit and loss is fixed at that time. On the other hand, if the customer does not take any action on the warning email, the delivery date is automatically extended (rolled over),
If the customer does not settle the position by the business day before the predetermined date (for example, the response date one month after the trading date of the new position), the exchange broker will manually place a counter-sell (sell order) on the position. Will be executed (step S612),
Customers may incur unexpected losses. In order to prevent the disadvantage of such a customer, online foreign exchange trading system according to the present invention, the database server 34 is the management of the due date, and made within 5 business days prior to the due date, due date up to the previous business day Every day, the mail server 32 automatically sends a due date warning mail (FIG. 16) (steps from S609 to S611).

FIG. 7 is sold is a flowchart of loss cut warning mail automatic transmission in the case of open interest, and a description thereof will be omitted purchase if the idea of open interest are identical.

[0034]

As described above, according to the online forex trading system of the present invention, the customer can know in real time by e-mail that the loss cut price is approaching before the loss cut rule is enforced. Therefore, there is an effect that it is possible to prevent an increase in loss by himself / herself beforehand, and furthermore, there is an effect that the deadline settlement e-mail can be performed without forgetting to settle the position before the due date.

Further, from the viewpoint of the exchange broker, the online foreign exchange transaction system according to the present invention automatically transmits a loss cut warning mail and a due date warning mail, so that the person in charge constantly monitors the movement of the exchange. This has the effect of eliminating the need to issue a loss cut warning notice to each customer.

Further, since the warning uses a medium called e-mail, information is quickly and accurately transmitted to the customer, which is more effective in preventing loss from spreading.

[Brief description of the drawings]

FIG. 1 is an overall configuration diagram including an online foreign exchange transaction system according to the present invention.

FIG. 2 is a block diagram showing a configuration of an online foreign exchange transaction system according to the present invention.

FIG. 3 is a diagram showing a flow from an order to execution in an online foreign exchange transaction according to the present invention.

FIG. 4 is a diagram showing the concept of loss cut in the case of a long position.

FIG. 5 is a diagram illustrating the concept of loss cut in the case of a short position.

FIG. 6 is a flowchart of an automatic transmission of a loss cut warning mail in the online foreign exchange transaction system according to the present invention (showing the case of a long position).

FIG. 7 is a flowchart of automatic transmission of a loss cut warning mail in the online foreign exchange transaction system according to the present invention (showing a case of a short position).

FIG. 8 is a diagram showing an example of a new order input screen in the online foreign exchange trading system according to the present invention.

FIG. 9 is a diagram showing an example of a repayment order input screen in the online foreign exchange transaction system according to the present invention.

FIG. 10 is a diagram showing an example of an order / contract inquiry screen in the online foreign exchange transaction system according to the present invention.

FIG. 11 is a diagram showing an example of a screen showing the status of a client's open position in the online foreign exchange transaction system according to the present invention.

FIG. 12 is a diagram showing an example of a screen showing a history of ordering / executing in the online foreign exchange transaction system according to the present invention.

FIG. 13 is a diagram showing an example of a screen showing details of a contract result in the online foreign exchange transaction system according to the present invention.

FIG. 14 is an example of a text of a loss cut warning mail in the online foreign exchange transaction system according to the present invention.

FIG. 15 is an example of a sentence notifying a contract by executing a loss cut in the online foreign exchange trading system according to the present invention.

FIG. 16 is an example of a sentence of a due date warning mail in the online foreign exchange transaction system according to the present invention.

[Explanation of symbols]

 1 customer terminal 2 Internet 3 online foreign exchange trading system 31 login server 32 mail server 33 application server 34 database server 4 dedicated line 5 bank side server

 ──────────────────────────────────────────────────続 き Continuing on the front page (72) Inventor Takamune Murata 1-20-7 Nihonbashi, Chuo-ku, Tokyo Matsui Securities Co., Ltd. (72) Inventor Manabu Sato 1-20-7 Nihonbashi, Chuo-ku, Tokyo Matsui Securities Co., Ltd.

Claims (3)

[Claims] 1. An online foreign exchange transaction system comprising a login server, an application server, a database server, and a mail server, wherein the login server is connected to a customer terminal via the Internet and has a dedicated line. Is connected to the bank server via the client terminal, and configured to transfer data between the customer terminal and the bank server, the application server is connected to the login server and the database server, While automatically performing the ordering business with the bank, the database server sends the mail server when the difference between the quote and the preset price falls below a certain range. Configured to execute an instruction to send a predetermined warning e-mail at least once And the database server is connected to the application server and the mail server, sends necessary data to the application server in response to a request from the application server, and performs the predetermined warning mail according to a command from the application server. A message sent to the mail server, wherein the mail server is configured to send the predetermined warning mail sent from the database server to a mail address specified by a customer via the Internet. An online forex trading system characterized by the following. 2. An online foreign exchange transaction system comprising a login server, an application server, a database server, and a mail server, wherein the login server is connected to a customer terminal via the Internet and has a dedicated line. Is connected to the bank server via the client terminal, and configured to transfer data between the customer terminal and the bank server, the application server is connected to the login server and the database server, While automatically performing an ordering business with a bank, the database server sends the mail server to the mail server when the number of remaining days up to a predetermined date falls below a preset number of days. Configured to execute a command to send a predetermined warning mail message at least once. And the database server is connected to the application server and the mail server, sends necessary data to the application server in response to a request from the application server, and performs the predetermined warning mail according to a command from the application server. A message sent to the mail server, wherein the mail server is configured to send the predetermined warning mail sent from the database server to a mail address specified by a customer via the Internet. An online forex trading system characterized by the following. 3. An online forex trading system comprising a login server, an application server, a database server, and a mail server, wherein the login server is connected to a customer terminal via the Internet and has a dedicated line. Is connected to the bank server via the client terminal, and configured to transfer data between the customer terminal and the bank server, the application server is connected to the login server and the database server, Automatically perform ordering work with the bank, and when the difference between the indicative price and the preset price falls below a certain range with respect to the database server, and the number of days remaining until a predetermined date. From the database server to the mail server when The database server is connected to the application server and the mail server, and receives necessary data in response to a request from the application server. Is sent to the application server, and the predetermined warning mail sentence is sent to the mail server according to an instruction from the application server, and the mail server is configured to send the predetermined warning mail sent from the database server. An online forex trading system configured to send a statement to a customer-specified email address via the Internet.