JP2005032112A - Commodity futures trading system - Google Patents

Abstract

<P>PROBLEM TO BE SOLVED: To provide a commodity futures trading system which enables ordered contents to be automatically judged at the end of a server on the basis of own outstanding account and an order condition when a client just inputs a designated order condition at a terminal device. <P>SOLUTION: This commodity futures trading system is configured with an outstanding account storage means for storing the information on the outstanding account owned by the client and a server capable of exchanging the information with the terminal device at the end of the client via the communication network in the trading system for accepting the order from the client regarding buying and selling a listed commodity traded at commodity exchanges via a communication network. In this commodity futures trading system, the server also receives the order condition including the commodity, buying or selling classification, a settlement month and size of the order from the terminal at the end of the client. Based on the order condition received, counter outstanding account information for the client is extracted from the outstanding account storage means. Based on the order condition and the extracted counter outstanding account information, the order contents are automatically judged. <P>COPYRIGHT: (C)2005,JPO&NCIPI

Description

  The present invention relates to a commodity futures trading system for receiving an order from a customer related to trading of a listed commodity handled at a commodity exchange via a communication network.

Commodity futures trading is a transaction for making a future sales contract for a specified listed commodity such as corn, gold, or silver at a commodity exchange defined by the Commodity Exchange Law. Since the commodity exchange is configured as a non-profit corporation by a member organization, the participants of the transaction are limited to the members, and thus general customers are members (commodity traders) who have entrusted business qualifications. Will be entrusted with the transaction.
Each product to be traded has a settlement deadline, and the trade can be terminated by conducting reverse trading on the sales contract for which the transaction has been completed. This deadline month is called the “contract month” and the last transaction date is called the “date of payment”. The “contract month” and “date of delivery” are determined by each commodity exchange for each commodity.
Orders for new sales contracts are called `` new orders '', trading contracts for which transactions have been established and unsettled ones are called `` open interests '', and orders for conducting trades against open interests and ending transactions Is called “partition order”.
In addition, for commodity futures trading, the minimum trading unit is determined, and this trading unit is called “sheet”. For example, in the case of “gold”, 1000 g is the minimum transaction unit, so “buying 1000 g of gold” is expressed as “buy one piece of gold”.
Commodity exchange witnessing is held almost every day except Saturdays, Sundays, and public holidays at a fixed time for each commodity market. Morning witnessing is called `` foreground '', and afternoon witnessing is `` It is called “back market”, and transactions that take place at a fixed time, such as a boarding transaction, are delimited by units called “baits”. Although the division of this occasion varies depending on the product and the commodity exchange, trading from 9:00 in the morning is "First Section 1", trading from 10:00 is "First Section 2", from 11 am Transactions are called “front 3 verses”, transactions from 1:00 pm are “back lane 1”, transactions from 2 pm are “second verse 2”, transactions from 3:00 pm are “back lane 3”, In the case of a boarding transaction, the customer designates not only the date of execution (execution date) but also the place where the transaction is performed.
Therefore, the customer gives the merchant a “product”, “contract month”, “buy / sell category (sell / buy)”, “number”, “execution date”, “placement”, and “execution conditions (execution, limit, etc.)” Decide and place a “new order” or “partition order”.

In the commodity futures transaction described above, the customer needs to conduct a transaction in consideration of the balance between the open interest owned by the customer and the new order. Specifically, if you own a position that must be repurchased and settled, and you place a purchase order for the same product as a new order for the position and the product and contract, the same limit Both the “sell open” and “buy open” are generated for the same product of the month. This double-ended state is not a problem if the customer is doing it intentionally, but by nature, the customer will own both opposite positions, “Sell” and “Buy”. , It is not preferable because it will be in a state that does not have a position substantially, and no profit can be obtained. Therefore, in order to prevent such a double-deposited state from occurring, in the case described above, a purchase order is not placed as a new order, but a partition order for buying back the open interest owned by itself is performed.
In this way, when a customer trades for any commodity future, be sure to check the open interests that he owns before placing an order and make a “new order” or “partition order”. Make an order after considering.
In recent years, trading systems have been proposed in which orders for the above-mentioned commodity futures trading are received from customers via a communication line, and the applicant also provides commodity futures trading systems on the Web site for customers.

However, in the case of a net trading system that orders transactions using a communication line such as the Internet, the “New Order” screen and the “Partition Order” screen are composed of separate screens. The list is configured to be displayed on a screen different from the previous two screens, or to be displayed on a partition order screen. For this reason, when placing a new order, the customer first displays a list of his / her open interest on the “Open Interest List Screen” to check whether the product to be ordered and his / her open interest overlap. ,
If there are no duplicates, display the "New Order" screen, place a new order,
If there are duplicates, display the “Partition Order” screen and place a partition order.
If there is a partial overlap, display a “partition order” screen, place a partition order, and then display a “new order” screen to place a new order. Will be.
In addition, as described above, the process can proceed smoothly. However, if you want to check the position again before placing an order, close the “New Order” screen or the “Partition Order” screen, In some cases, it is necessary to switch a plurality of screens many times, such as displaying a “open interest list screen” to confirm the contents, and then displaying a “new order” screen or a “partition order” screen again.
Such a screen switching operation is performed when the communication environment is not very good (for example, when the communication speed is slow) or when the terminal performance is not very high (for example, when the memory capacity is small). Will be a heavy burden. Above all, not only the problem of the communication environment but also such a screen switching operation is very troublesome.
In addition, the spread of net trading has the advantage that anyone can easily place orders at home, but orders can be placed without going through a registered sales agent of a merchant company with a wealth of knowledge about commodity futures trading. Therefore, in the case of a customer who does not have much experience in commodity futures trading, there is a problem that a new order may be placed in a double-denominated state without knowing the disadvantages of the two-denominated building.
In addition, even if there is some experience in commodity futures trading, in the case of net trading, after coming up with an order, the customer decides whether to make a partition order or a new order after checking his / her position. Since the entire process until the order information is actually entered has to be done by one person, if the screen for open position confirmation, partition order, and new order are different from each other as before, screen switching and multiple input operations For example, there may be a mistake in confirming the position information of the customer, an input error in order information, or the like.
The present invention solves the above-described conventional problems, and the customer automatically inputs the order contents on the server side based on his / her open interest and order conditions only by inputting a certain order condition at the terminal device. The purpose is to provide a commodity futures trading system.

In order to achieve the above-described object, the commodity futures trading system according to the present invention is a trading system that accepts orders from customers related to buying and selling of listed products handled at a commodity exchange via a communication network. And a server capable of transmitting information to and from the customer side terminal device via a communication network, the server from the customer side terminal of the product, trade classification, contract month and total order quantity An order condition including an item is received, and based on the received order condition, the customer's opposite position information is extracted from the position storage means, and the order is determined based on the order condition and the extracted opposite position information. It is characterized by automatically distinguishing the contents.
The automatic determination result by the server can be displayed on the terminal device of the customer, and the customer can change the order conditions or issue a formal order while referring to the automatic determination result by the server.
Preferably, the order condition may include priority information of open interest to be partitioned.
In this case, the priority order information may be based on the market price, may be based on the establishment date of the open interest, or may be a combination of both.
Here, the “market price” is the profit or loss when the open interest is settled by cross-purchase, and specifically, for example, it can be obtained by the following formula for each of the open interest or the buy open interest.
Wash price =
((Open position unit price−current unit price of the same product) × product ratio) × number of open positions In the above formula, “product ratio” is a ratio based on an actual transaction unit.
In addition, when the price is based on the market price, the server obtains the current price of the same product as the extracted open interest from information transmitted from an appropriate communication company or the like, and calculates the latest market price. This bid price can be displayed on the customer's terminal device together with the open interest information as necessary, regardless of the presence / absence of priority information.
When the extracted counter open position is zero, the server can automatically determine the order contents of the received order condition as a new order of the total order quantity included in the order condition.
In addition, when the total number of the opposite open interests extracted is equal to or greater than the total order number of the received order conditions, the server sorts the order contents of the received order conditions into the extracted opposite open interest partitions. Can be automatically identified as an order.
Further, if there is one or more extracted counter positions, and the total number is less than the total order quantity of the received order conditions, the server determines the order contents of the received order conditions by dividing the extracted counter positions. It is possible to automatically determine that the order is a new order of the number obtained by subtracting the total number of opposite open positions extracted from the total order number.
In this way, the server automatically determines the order contents based on the order condition from the customer and the opposite position information extracted from the position storage means, so that the customer can enter the order condition by inputting the order condition once. It is possible to place new orders and / or parcel orders for one or more transactions in response.

As described above, the trading system according to the present invention is a trading system that stores open interest information owned by a customer in a trading system that accepts orders from customers related to buying and selling of listed products handled at a commodity exchange via a communication network. A storage unit and a server capable of transmitting information to and from a customer side terminal device via a communication network, wherein the server includes items of items of merchandise, trade category, contract month and total order quantity from the customer side terminal; The condition is received, and based on the received order condition, the customer's opposite position information is extracted from the position storage means, and the order content is automatically determined based on the order condition and the extracted opposite position information. The customer can switch between multiple windows or enter the same order conditions multiple times. And without easily, new orders, the partition order, or it is possible to perform a new and partition order.
Further, based on the received order condition, the customer's counter open position information is extracted from the open position storage means, and the order content is automatically determined based on the order condition and the extracted counter open position information. Because it is configured, there is no need to know the disadvantages of both buildings or to make a new order that would be in a double-built state by mistake.

  Hereinafter, an embodiment of a commodity futures trading system according to the present invention will be described with reference to an embodiment shown in the accompanying drawings.

FIG. 1 shows a system configuration diagram of a commodity futures trading system according to the present invention.
This trading system comprises a commodity trader side system A, a customer side terminal device B, and a commodity exchange system C.
The system A on the merchant side has storage means A2 for storing customer position information and order information from the customer, and a server A1.
The server A1 can send and receive information to and from the terminal device B on the customer side via a communication network, and can send and receive information to and from the commodity exchange system C via a dedicated line. .
The terminal device B on the customer side may be any terminal device as long as it can be connected to the communication network. For example, the terminal device B may be a personal computer, a PDA or a mobile phone, and the connection to the communication network may be wired or wireless. But you can.

First, the order information and the open interest information stored in the storage means A2 in the system A on the merchandise trader side will be described.
The storage means A2 stores the order information from the customer with the following data as one record, and the server A1 sends the order information to the commodity exchange system C according to the contents of each record and executes the transaction.
Item 0: Customer ID
Item 1: Order method (new or partition)
Item 2: Commodity Exchange Item 3: Commodity Item 4: Trading Category Item 5: Contract Month Item 6: Execution Conditions Item 7: Limit Price Item 8: Execution Date Item 9: Number of Orders Item 10: Section Item 11: Transaction Completed Data Items 0 to 10 of the order information data described above are data obtained from the customer terminal device B, and item 11 is data updated by the server A1 in accordance with the transaction result at the commodity exchange.
When the transaction at the commodity exchange is completed, the server A1 sets the data of the item 11 to “transaction establishment” and adds the open interest information to the storage unit A2. Further, if the transaction at the commodity exchange is not completed, the data of item 11 is set as “transaction not established”.
The open interest information added to the storage means A2 by the server A1 is obtained by making the following data into one record.
Item 20: Customer ID
Item 21: Commodity exchange Item 22: Commodity Item 23: Trading category Item 24: Contract month Item 25: Commodity unit price when the transaction is established (unit price)
Item 26: Transaction establishment date Item 27: Transaction establishment stage (transaction establishment time)
Item 28: Number of successful transactions (number of open positions)
Item 29: Partition order status (whether there is an order)
Item 29: Settlement status (presence / absence of settlement)

Next, the configuration of the trading system and the flow of processing will be described with reference to FIGS.
FIG. 2 is a schematic diagram illustrating a processing flow in the trading system, and FIG. 3 is a diagram illustrating an initial screen as an example of an order interface screen provided by the server A1 to the customer terminal device B.
The customer uses the terminal device B to access a login screen at a predetermined address (not shown), and inputs a predetermined customer ID and password from the login screen, whereby the order interface screen shown in FIG. Hereinafter, the dealing screen) is displayed on the terminal device B.
In the dealing screen of FIG. 3, the left frame is an “order dealing” screen, and the right frame is an “order dealing detail” screen.
The “Order Dealing” screen is a screen for customers to select and enter data in order to enter order conditions. The “Order Dealing Details” screen is the order information selected and entered on the “Order Dealing” screen. The server A1 automatically determines and displays the order contents based on the above. When the customer finally clicks the “Order” button on the “Order Dealing” screen, it is displayed on the “Order Dealing Details” screen. The content order information is transmitted to the server A1 as a formal order.

As shown in Fig. 3, the "Order Dealing" screen has
A selection checkbox for "new order" or "partition priority order";
A list box for selecting the “Product Exchange”,
List box for selecting "Products"
Check box for selecting "Trade",
List box for selecting "Contract",
A list box for selecting "execution conditions",
“Limit price” input box,
A list box for selecting the "partition priority",
“Execution Date”,
A “number of sheets” input box and a list box for selecting “places” are formed.
The list box for selecting an exchange is configured to display the available commodity exchanges (Tokyo Kogyo, Tokyo Grain, Yokohama, Chubu, Osaka, Kansai, Fukuoka) in a pull-down format and select the commodity exchange. Yes.
The product selection list box is a product (gold, silver, platinum, palladium, aluminum, rubber, crude oil, gasoline / kerosene, raw silk, raw sugar, chicken egg, that can be traded on the product exchange selected in the product exchange selection list box. Corn, potatoes, soybeans, red beans, green coffee beans, soybean meal, broilers, index products) are displayed in a pull-down format, and products can be selected.
The check box for selecting a trade category includes “buy” and “sell”, and is configured so that either one can be selected.
When a product exchange and a product are selected, the contract month selection list box displays the “Contract Month” set by the selected product exchange for the selected product in a pull-down format, and the contract month is selected. It is configured to be able to.
The execution condition selection list box is configured to display execution conditions (execution, limit price, guide, trigger, stop, stop limit, stop limit) of a transaction in a pull-down format and select the execution conditions.
The limit price input box is configured so that an arbitrary limit price can be input when a limit price, an instruction, or the like is selected in the execution condition selection list box.
In this embodiment, the execution date is automatically set to the date when the dealing screen is operated. It should be noted that this may be configured such that the customer himself can input so that future orders can be received from the customer.
The number input box is configured so that the customer can input an arbitrary number of pieces to be traded.
The field section selection list box displays the tradeable field sections (front field section 1, front field section 2, front field section 3, back field section 1, back field section 2, back field section 3) in a pull-down format, and can select a field section. It is configured as follows.
The check box for selecting “new order” or “partition priority order” is configured so that the customer can arbitrarily select one.
Here, “new order” is a process of placing a new order with all other selected or entered order conditions.
The “partition priority order” is a process for automatically determining the order contents by the server A1 based on the condition entered by the customer on the order condition input screen.
When “partition priority order” is selected, the server A1 extracts the opposite position information of the customer from the storage means A2 in accordance with the priority order selected in the “partition priority order” selection list box, and enters the number input box. The order content is automatically determined based on the input total order quantity and the extracted total number of opposite position information.
Here, “opposite open interest information” refers to “commodity exchange (item 21)” “product (item 22)” and “contract month (item 24) among the customer's unsettled open interest stored in the storage means A2. ) ”Is the same as“ Commodity Exchange ”,“ Product ”and“ Contract ”selected on the order condition input screen, and“ Trade / Sale (Item 23) ”is selected on the order condition input screen. “Trade” refers to the opposite open interest.
The partition priority order selection list box is configured so that the conditions when the server A1 extracts the opposite open ball from the storage means A2 can be displayed and selected in a pull-down format. The conditions include “in order of price washing”, “in order of price washing”, “new order of open interest”, and “old order of open interest”.
“Price in order of price wash” is a condition that priority is to extract the opposite open interest with a high price. is there.
The “price value” is the difference between the product unit price (item 25) when a transaction for the open interest is established and the current unit price of the product multiplied by the ratio determined for each product, Is the amount of money multiplied by the number of open positions. The server A1 is configured so that the latest transaction unit price of each product can be obtained from an appropriate communication company via a communication line, and when displaying open interest information on the “order dealing details” screen, The “price amount” for each open interest information is always displayed.
“Open position new order” is a condition that the opposite open position with a new transaction establishment date is extracted preferentially, and “Open position old order” is a condition that the reverse open position with the old transaction formation date is extracted with priority.
In commodity futures transactions, when a successful transaction is settled on the same day, there is a rule that the commission paid by the customer to the commodity trader at the time of settlement is discounted to almost half the normal commission, so we want to give priority to half the commission. In such a case, it is desirable to extract the opposite open interest by “open order new order”.

Next, the processing flow of the trading system will be described.
In the dealing screen, when all of “Commodity Exchange”, “Product”, “Trade Classification” and “Contract” in the “Order Dealing” screen are selected, the information is stored in the server. It is configured to automatically transmit to A1 (arrow 1 in FIG. 2).
When the “commodity exchange”, “commodity”, “trading category” and “contract month” information is transmitted from the terminal device B on the customer side, the server A1 extracts all of the opposite open interest information of the customer from the storage means A2. Along with (arrow 2 in FIG. 2), the bid price for each opposite open interest information is calculated, and the “number of open interest (item 28)” “transaction establishment date (item 26)” “transaction closing place (transaction establishment time) (item) 27) ”“ Buying and Selling Category (Item 23) ”“ Position Price (Item 25) ”and“ Price Amount ”are displayed in the“ Partition Order Display Field ”on the“ Order Dealing Details ”screen (arrow 3 in FIG. 2). . At this time, the displayed reverse position information is arranged according to the partition priority order selected on the “order dealing” screen. In the order condition input screen, the partition priority order selection list box is set to the initial value “open position new order”, so unless the customer actively changes this, it is arranged in “open position new order”. .
Figure 4 shows that a customer who owns 10 open interests in central gasoline (open interest generated by buying, that is, open interest that needs to be sold and settled) On the “Ring” screen, after selecting “Partition priority order”, select “Chubu Commodity Exchange” as “Commodity Exchange”, select “Gasoline” as “Product”, and “Sell” as “Trade Classification”. The example when selecting is shown. The partition priority order selection list box is not reselected with the initial value.
As shown in the drawing, the server A1 extracts the opposite position information from the storage means A2 based on the “commodity exchange”, “commodity”, “contract month”, and “trading category” selected on the “order dealing” screen. The extracted position information is displayed together with the “price amount” in the “partition order display field” on the “order dealing details” screen. In addition, the arrangement order of the opposite open interest information at this time is “open interest new order”.
At this time, the server A1 simultaneously displays the “commodity exchange”, “product”, “trading category”, and “contract month” selected in the “order condition input screen” in the common condition display field of the “order dealing details” screen. indicate. On the “Order Dealing Details” screen, “Commodity Exchange” and “Product” are combined and displayed as “Product”.

Next, when the customer completes the selection and input of other items including “Number” on the “Order Dealing” screen and clicks the “Update Details” button on the upper right of the “Order Dealing” screen, The screen again transmits all order conditions from the customer terminal device B to the server A1 (arrow 4 in FIG. 2).
At this stage, the server A1 automatically discriminates the order contents based on the “number of pieces (hereinafter referred to as total order quantity)” included in the order conditions and the total number of opposite open positions owned by the customer. The result is displayed on the “order dealing details” screen (arrow 5 in FIG. 2).

The specific automatic discrimination process performed by the server A1 is as follows.
First, it is checked whether the total number of open positions is 0. If it is 0, server A1
The order contents are displayed on the “order dealing details” screen with “new number” in the new order column on the “order dealing details” screen as “number (total order number)” on the “order dealing” screen.
Figure 5 shows that a customer who does not own any middle gasoline buying open interest (open interest generated by buying, that is, open interest that needs to be sold and settled) is “Commodity Exchange” = Chubu Commodity Exchange, "Product = Gasoline", "Selling Category = Selling", "Contract Month = 2003/08", "Execution Conditions = Execution", "Execution Date = 2003/5/22", "Number of Sheets = 10", = After entering or selecting each condition of “Previous Section 2” and “Partition priority order = Value wash order” on the “Order Dealing” screen, click the “Right Detail Update” button to automatically determine the order contents by the server A1. Is shown on the “Order Dealing Details” screen.
As shown in the drawing, server A1 determines that the number of orders (total order quantity) entered on the “Order Dealing” screen is the number of new orders, since there is no counter open position. The “new number” on the “details” screen is set to “10”.
When the customer confirms the contents of the order and clicks the “order” button, the formal order information is constructed based on the information displayed on the “order dealing details” screen and transmitted to the server A1.
In the case of this example, as shown in the drawing, one new order information is constructed from the information on the “order dealing details” screen and is transmitted to the server A1.

Next, when the total number of opposite open positions is not 0 and is larger than the number (total order number) on the “order dealing” screen, the server A1
In accordance with the partition priority order rule selected on the “Order Dealing” screen, the counter-opening position information corresponding to the total order quantity is re-extracted, and the extracted counter-position information along with the bid price is “Order Dealing Details”. While displaying in the partition order column on the screen, the number corresponding to the total order number is displayed as the partition number.
Fig. 6 shows that a customer who owns 10 open interests in central gasoline (open interest generated by buying, that is, open interest that needs to be sold and settled) is "Commodity Exchange = “Chubu Commodity Exchange” “Commodity = Gasoline” “Trade Classification = Sell” “Contract Month = 2003/08” “Execution Conditions = Success” “Execution Date = 2003/5/22” “Number of Sheets = 5” After entering or selecting each of the conditions of “Section 2 Section” and “Partition priority order = Price wash order” on the “Order Dealing” screen, click the “Update right details” button to display the automatic order details discrimination result by server A1. An example reflected on the “order dealing details” screen is shown.
It is assumed that the detailed contents of the open interests of “Contract 2003/08” and “Chubu Gasoline” owned by the customer are the same as the contents shown in FIG.
The server A1 has more counter-open positions (10 sheets) owned by the customer than the number (total order quantity) (5 sheets) entered on the “order dealing” screen. The open interest information is re-extracted according to the partition priority order (in this case, in order of price wash) and the total number of orders (5), and the re-extracted counter open position information is displayed in the partition order column on the “Order Dealing Details” screen. In addition, the number (1 and 4) corresponding to the total order number (5) is set as the partition number (see FIGS. 4 and 6).
When the customer confirms the contents of the order and clicks the “order” button, the formal order information is constructed based on the information displayed on the “order dealing details” screen and transmitted to the server A1.
In the case of this example, as shown in the drawing, two pieces of partition order information consisting of a total of five pieces are configured from the information on the “order dealing details” screen and transmitted to the server A1.

Finally, if the total number of counter positions is not 0 and is less than the total order number entered on the “Order Dealing” screen, Server A1
Display all counter open positions information along with the bid price in the partition order field, and set the number of open positions of all the counter open position information displayed as the partition number.
The number obtained by subtracting the total number of partitions from the total order number is displayed as a new number in the new order column.
FIG. 7 shows that a customer who owns 10 open interests in central gasoline (open interest generated by buying, that is, open interest that needs to be sold and settled) is “Commodity Exchange = “Chubu Commodity Exchange” “Commodity = Gasoline” “Trade Classification = Sell” “Contract Month = 2003/08” “Execution Conditions = Success” “Execution Date = 2003/5/22” “Number of Sheets = 12” After entering or selecting each of the conditions of “Section 2 Section” and “Partition priority order = Price wash order” on the “Order Dealing” screen, click the “Update right details” button to display the automatic order details discrimination result by server A1. An example reflected on the “order dealing details” screen is shown.
It is assumed that the detailed contents of the open interests of “Contract 2003/08” and “Chubu Gasoline” owned by the customer are the same as the contents shown in FIG.
The server A1 has a smaller total number (10) of open positions owned by the customer than the number (total order number) (12) entered on the “order dealing” screen. The counter open position information is displayed in the partition order column as a partition order, and the total number of orders (12 sheets) minus the number of partitions (10 sheets) (2 sheets) is used as the new order number. It is displayed on the screen (see FIGS. 4 and 7).
After the customer confirms the contents of the order, when the “order button” is clicked, the formal order information is constructed based on the information displayed on the “order dealing details” screen and transmitted to the server A1.
In the case of this example, as shown in the drawing, from the information on the “Order Dealing Details” screen, there is one new order information with a new number of two pieces and four division order information with a total of ten pieces. It is configured and transmitted to the server A1.

In the dealing screen, regardless of whether all items are entered or selected in the “Order dealing” screen, “Commodity Exchange”, “Product”, “Trade Classification” and “Contract” are selected. When the “update right details” button is clicked, the information is transmitted from the customer terminal device to the server A1, and the server A1 “ “Amount” is configured to be updated.
In addition, in the dealing screen, regardless of whether all items are entered in the “order dealing” screen, “commodity exchange”, “product”, “trading category”, and “contract month” are entered. When the partition priority order is changed, the information is configured to be transmitted from the customer side terminal device to the server A1, and the server A1 updates the “price price” each time the information is transmitted. In addition, the arrangement order of the open interest information is arranged in accordance with the changed partition priority order.

After the customer confirms the contents of the information on the “Order Dealing Details” screen, when the customer clicks the “Order” button laid out at the bottom right of the “Order Dealing” screen, it will be displayed on the “Order Dealing Details” screen. Each piece of information is transmitted to the server A1 as formal order information (arrow 6 in FIG. 2), and the server A1 adds the transmitted formal order information to the storage means A2 as order information and also adds a partition order to the formal order information. Is included, the partition order status (item 29) of the corresponding open interest information in the storage means A2 is updated to “partition order present” (arrow 7 in FIG. 2).
Through the above processing, the server A1 sends the order information to the commodity exchange system according to the order conditions based on the order information stored in the storage means A2 (arrows 8 and 9 in FIG. 2), and executes the transaction. Let

As described above, according to the trading system of the present embodiment, the customer can enter or select the condition once on the “order dealing” screen, and the server side can make a decision based on the opposite open interest information possessed by the customer. The order contents are automatically identified and displayed on the “Order Dealing Details” screen. Just check the contents and click the “Order” button. You can place an order.
During this order processing, the customer does not need to open a plurality of windows as in the conventional system, and even if the order contents are finally divided into a plurality of conditions, the condition input is performed once. As a result, customer order processing is greatly simplified.
In addition, just enter “Product Exchange”, “Product”, “Contract Month”, “Trade Classification”, and before entering “Number of Sheets”, all Open Interest information that you own will be automatically displayed along with the mark-up amount. As a result, customers can change, select or enter conditions such as “partition priority” while looking at the contents of all open interest information, so that the conditions are more optimal. It is possible to determine the final conditions while performing various simulations.
Furthermore, since the customer can input the condition without considering whether it is “new” or “partition” when inputting the order condition, the burden on the customer at the time of order is remarkably reduced.

In the above-described embodiment, the “order dealing” screen and the “order dealing detail” screen are configured by a frame that is divided into left and right, but this is not limited to the present embodiment. In the case of a telephone or the like, it may be configured to be divided into two vertically.
Furthermore, in the above-described embodiment, the “order dealing” screen is configured to be able to input all the information necessary for the formal order, but this can be divided into a plurality of screens as necessary. Can do.
For example,
The first screen of the “Order Dealing” screen is configured so that only “Commodity Exchange”, “Product”, “Buying and Selling”, and “Contract” can be entered, and based on these input information, “Order Dealing Details” Display all open positions on the screen,
On the first screen of the “Order Dealing” screen, a button to go to the second screen is provided so that the customer can input the number of copies on the second screen. Based on the input of this number, “Order Dealing Details” Display the automatic discrimination result by the server on the screen,
On the second screen of the “Order Dealing” screen, a button to go to the third screen is provided, and on the third screen, other common conditions (execution conditions, etc.) can be entered. Reflect it on the Dealing Details screen,
Finally, when the order button is clicked, the formal order information may be automatically configured and the order sent to the server.
Further, in the above-described embodiment, after the automatic determination by the server A1, only the opposite open interest information extracted by the automatic determination is configured to be displayed on the “order dealing details” screen. Without being limited to the embodiment, for example, after the automatic determination by the server A1, it may be configured to display all the opposite open interest information and display some mark only on the reverse open interest information extracted by the server A1.

1 is a system configuration diagram of a trading system according to the present invention. It is a figure which shows the outline of the flow of the data in the trading system which concerns on this invention. An initial screen as an example of a dealing screen provided by a server is shown. It is a figure which shows the state in which all open interest information is displayed on the dealing screen. It is a figure which shows an example of the dealing screen in which the automatic discrimination | determination by a server was reflected. It is a figure which shows an example of the dealing screen in which the automatic discrimination | determination by a server was reflected. It is a figure which shows an example of the dealing screen in which the automatic discrimination | determination by a server was reflected.

Explanation of symbols

A commodity merchant system A1 server A2 storage means B customer terminal device C commodity exchange system

Claims (7)

In a trading system that accepts orders from customers related to buying and selling listed products handled at the commodity exchange via a communication network,
Open interest storage means for storing open interest information owned by customers;
It is equipped with a customer-side terminal device and a server capable of transmitting information via a communication network,
The server is
Receive the order conditions including items of merchandise, trading category, contract month and total order quantity from the customer side terminal,
Based on the received order condition, from the open interest storage means to extract the opposite open interest information of the customer,
The commodity futures trading system, wherein the order content is automatically determined based on the order condition and the extracted counter open interest information. The commodity futures trading system according to claim 1, wherein the order condition includes priority order information of open interest to be partitioned. The commodity futures trading system according to claim 2, wherein the priority order information is a bid price. The commodity futures trading system according to claim 2 or 3, wherein the priority information is a date and time when a position is established. If the number of opposite open interest is 0,
The server is
The commodity futures trading system according to any one of claims 1 to 4, wherein the order contents of the received order conditions are automatically determined as new orders of the total number of orders included in the order conditions. If the total number of counter positions is the same as or greater than the total order quantity received
The server is
The commodity futures trading system according to any one of claims 1 to 5, wherein the received order contents of the order conditions are automatically discriminated from the extracted counter-opening partition order. If there are one or more extracted open positions and the total number is less than the total order quantity received,
The server is
Order contents of received order conditions,
Partitioning order for the extracted counter-open position, and
The commodity futures trading system according to any one of claims 1 to 6, wherein it is automatically determined that the order is a new order obtained by subtracting the total number of opposite open positions extracted from the total order quantity.