JP2008040689A - Trading order processing system - Google Patents

Abstract

<P>PROBLEM TO BE SOLVED: To provide a trading order processing system capable of easily utilizing a trail order function and improving convenience by extending the trail order function further. <P>SOLUTION: When an order information input part 21 inputs trail order information including a trail width, a trail counter-bit initial value setting part 31 sets the initial value of a trail counter-bit from the trail order information. A trail counter-bit updating part 35 monitors market rate information and updates the trail counter-bit corresponding to the market rate, and a trail order agreement establishment judgement part 37 monitors the market rate information and performs the judgement processing of order establishment. The specification of the counter-bit of a trail order can be omitted. Also, the trail order information includes a trigger market rate and it can be judged that a trail start condition is established when the trigger market rate reaches the market rate. Also, auxiliary order information can be inputted together with the trail order information and thus it is made possible to combine an OCO order and the trail order. <P>COPYRIGHT: (C)2008,JPO&INPIT

Description

  The present invention relates to a trade order processing system for processing information on trade orders subject to variable orders entrusted by an orderer.

  Online transactions have been expanding against the background of the development of communication technologies such as the Internet, and foreign exchange is also subject to online transactions. In the present specification, an order object that is entrusted to buy and sell orders from an orderer, such as foreign exchange, and whose market price fluctuates is called a variable order object. In addition to foreign exchange, the target of variable order typically includes various financial products such as stocks. Commodity futures are also included in the variable order.

  In transactions that are subject to variable orders, a large number of orders must be processed quickly in response to market fluctuations. In order to meet such a demand, a trading order processing system using a database technology of a computer has been constructed.

  Further, by making a trading order into a computer system, it is possible to provide a convenient ordering function for an orderer who has not been seen before. For example, Patent Documents 1 and 2 propose a trading order processing system mainly for stocks. Among these, the system of Patent Document 1 enables the input of an order including an uncertain variable (for example, the opening price of a stock). As an example, the conventional system inputs order information such as “if the stock price reaches the opening price + 10 yen, a purchase order of the opening price + 20 yen”. When the starting price, which is an undetermined variable, is confirmed, the conventional system replaces the undetermined variable with the confirmed value and confirms the order contents.

Focusing on foreign exchange as a variable order target, the conventional trading order processing system is equipped with various order functions as follows.
(1) Market order: Order without rate specification (2) Limit order: Buy order specifying rate lower than current rate or Sell order specifying rate higher than current rate (3) Stop limit order: current rate A buy order specifying a higher rate or a sell order specifying a rate lower than the current rate (4) OCO order: an order that places two limit orders at the same time and automatically cancels the other when one is established (eg, ) Sell $ 10,000 at a limit of 110 yen, sell $ 10,000 at a stop limit of 90 yen
(5) IFD order: A form in which the first order and the second order are simultaneously placed, and the second order is activated when the first order is executed (the first order is 10,000 with a limit of 100 yen) (Buy dollars, second order sells $ 10,000 at a limit of 110 yen)
(6) IFO order: Combination of IFD order and OCO order, second order is OCO order (7) Trail order: Order with trail function added to stop price order, trail of the stop price according to the market price )I do

  FIG. 1 is a diagram for explaining a conventional trail order. FIG. 1 shows an example of a sell order, where a line M indicates a market price and a line S indicates a stop price. In the trail order, first, the stop price and the trail width are input and designated by the orderer. Here, the stop price specified by the orderer is called the basic stop price.

  As shown in FIG. 1, in the conventional trade order processing system, when the trail order process starts, the basic stop price is set to the first stop price S, and the market price M is monitored. While the deviation amount D between the market price M and the stop price S does not exceed the trail width, the basic stop price is maintained as it is. When the market price M rises and the deviation D exceeds the trail width, the stop price S is raised. While the market price M increases, the stop price S increases while being dragged by the market price M. After that, even if the difference between the market price M and the stop price S is reduced, the stop price S is not lowered.

In this way, the buying and selling order processing system monitors the market price M, updates the stop price S according to the fluctuation of the market price M, and maintains the difference between the market price M and the stop price S below the trail width. Then, when the market price M falls and the market price M and the stop price S match, the buy / sell order processing system performs a process of establishing a contract.
JP 2004-54643 A JP 2004-54444 A

  In the conventional trade order processing system, when a trail order function is provided, as described with reference to FIG. 1, input of two parameters of a stop price and a trail width is always required. This is because the conventional trail order itself is an order function that is additionally provided with a trail function on the premise of a stop order. More specifically, a trail order provides the possibility of a more favorable condition using the trail function while ensuring the minimum profitability condition by the limit order, so to speak, the loss cut and profit taking 2 It is a complex function that has two characteristics. In this way, since it was a complex function developed on the basis of stop order, input specifications for the two parameters of stop price and trail width have become indispensable requirements in the conventional trail order.

  However, since the conventional trail order requires the specification of two parameters, reverse specification and trail width as described above, the orderer is required to consider and determine how to set the two parameters. Such a determination may not be easy. This may cause the orderer like the general consumer to feel the mechanism of the trail ordering in a complicated manner, and as a result, the trail ordering function is highly convenient for the orderer. There is a possibility of limiting the spread.

  In addition, the conventional buy / sell order processing system provides an OCO order function that combines two limit orders and an IFD order function, and further provides an IFO order function that combines an IFD order and an OCO order. In addition, a convenient order function is provided by combining a plurality of order functions. However, regarding the trail order function, the trail order itself has two parameters, the stop price and the trail width, and the two parameters function in cooperation. Since there is such a parameter linkage in a trail order alone, it is not easy to develop a trail order in combination with other order functions to provide more convenient functions.

  The present invention has been made under the above-described background, and an object thereof is to provide a trade order processing system that can easily use a trail order function. Another object of the present invention is to provide a trading order processing system that can further enhance the trail ordering function and improve convenience.

  One aspect of the present invention is a buying and selling order processing system for processing information on a trading order subject to a variable order in which the market price commissioned by an orderer fluctuates, wherein the market price information for inputting the market information on the subject of the floating order Input means; order information input means for inputting trail order information including a trail width designated by the orderer; and trail order information storage means for storing the trail order information in association with order identification information for each trail order. , A trail stop price storage means for storing a trail stop price, which is a stop price of each trail order, in association with the order identification information, and based on the trail order information, for the market price of the variable order target at the start of the trail The trail offset value is obtained as an initial value of the trail reverse limit value and associated with the order identification information. By storing in the means, the trail stop price initial value setting means for setting the initial value of the trail stop price, the market price information is monitored, and the trail stop price of each trail order matches the order identification information. The trail width of the trail order information is identified from the trail order information storage means, and based on the identified trail width and the market price information, the amount of deviation between the trail stop price and the market price exceeds the trail width. A trail stop price updating means for updating the trail stop price of the trail stop price storage means so as to maintain the amount of deviation below the trail width, and monitoring the market price information, and the trail stop price storage means Compare the trail stop price with the market price, and if the trail stop price and the market price match, the execution of the trail order information is established. It includes a trail order contract establishment determining means for constant, the.

  As described above, according to the present invention, when trail order information including the trail width is input, a value shifted from the trail width with respect to the market price of the variable order target at the start of the trail is calculated based on the trail order information. It is set as the initial value of the stop price. In this way, since the first stop price is set from the trail width, it is not necessary to input the two parameters of the reverse stop price and the trail width as in the conventional case, and the use of the trail order function can be facilitated.

  In the present invention, the order information input means may input the trail order information including information on a trigger market price that becomes a trail start condition. The trade order processing system may include a trail start determination unit that monitors the market price information and determines that a trail start condition is satisfied when the market price reaches the trigger market price. The trail stop price update means may start the update process of the trail stop price in which the trigger order information determined that the trail start condition is satisfied by the trail start determination unit and the order identification information match.

  Thus, according to the present invention, the trail order information including the trigger market price is input, and when the market price reaches the trigger market price, the update of the trail stop price starts. In a trail order where there is a limit order as a premise as in the prior art, it is not easy for an orderer to freely set a trigger price and adjust the start time of order processing. On the other hand, the present invention does not need to input the basic stop price as in the prior art. Instead, the trigger price can be set to adjust the start time of the order process. Thus, the trail ordering function can be expanded to provide a more convenient trail ordering function.

  In the present invention, the order information input means inputs, together with the trail order information, incidental order information that is incidental to the trail order and includes an incidental order stop price fixed differently from the trail stop price. It's okay. The buy / sell order processing system monitors the market price information, compares the incidental order stop price with the market price in the trail order information storage means, and if the incidental order stop price and the market price match, There may be provided incidental order fulfillment determination means for determining that is satisfied. When the trail order information includes a trigger market price that is a trail start condition, the incidental order fulfillment determination means performs the contract fulfillment determination process of the incidental order until the market price reaches the trigger market price (until the trail start condition is satisfied). May be done. When the market price reaches the trigger market (when the trail start condition is satisfied), the incidental order execution determination means stops the execution determination of the incidental order, and the trail order execution determination means determines the execution of the trail order. May be done.

  As described above, according to the present invention, the incidental order information including the fixed incidental order stop price is input together with the trail order information, the incidental order information is processed, and the execution of one of the trail order and the incidental order is executed. Is called. This configuration enables combined processing of an OCO order function and a trail order function, and trail order information and incidental order information are processed as two pieces of order information of an OCO order. In this regard, if you simply try to combine the incidental order with the conventional trail order information, you need to process the basic stop price for the trail order and the fixed stop price for the incidental order. As a result, the processing becomes complicated, so that it is not easy to simply combine the processing of incidental orders with the processing of conventional trail order information. On the other hand, in the present invention, by eliminating the requirement for inputting the basic stop price in the trail order, it is possible to avoid duplication of the basic stop price of the trail order and the fixed stop price of the incidental order. It is possible to perform processing by combining incidental order information and trail order information. Thus, the trail ordering function can be expanded to provide a more convenient trail ordering function.

  In the present invention, the order information input means may input the first order information and the second order information that is activated when the execution of the first order information is established. Information may include the trail order information. More specifically, the first order information is a limit order or a stop limit order. The second order information may be trail order information, trail order information and incidental order information. The order information processing system monitors the market price information, and if the market price matches the limit price or the stop price of the first order information, the order information is executed. The configuration for processing the first order information may be the same as the above-described configuration for processing the trail order as the second order information, except for the portion for performing the stop price update processing, that is, the above-described trail order execution determination means In addition, a first order execution determination unit may be provided.

  According to the above configuration, the first order information and the second order information are input, and the second order information is validated when the first order is executed. This configuration enables processing combining the IFD function or the IFO function and the trail order function, and the second order information is processed as the above-described trail order information. Therefore, even in this configuration, the trail ordering function can be expanded to provide a more convenient trail ordering function.

  The present invention is not limited to the sales order processing system described above, and may be applied to other modes. Typically, another aspect of the present invention is the following method and program aspect.

  Another aspect of the present invention is a trade order processing method. This method is a buying and selling order processing system for processing information on a trading order subject to a variable order in which the market price commissioned by the orderer fluctuates, and a market price information input means for inputting the market price information about the variable order, Order information input means for inputting trail order information including the trail width specified by the orderer as order information including the order contents of the buy / sell order, and storing the trail order information in association with order identification information for each trail order. And a trail order information storage means for processing the trail order information input from the order information input means and stored in the trail order information storage means based on the market price information. The buying and selling order processing method, wherein the buying and selling order processing system is configured to input the trading order input from the order information input means. The trade order information is stored in the trail order information storage means in association with the order identification information for each trail order, and the buy / sell order processing system uses a trail stop price, which is a stop price of each trail order, as the order identification information. In association with, it is stored in the trail stop price storage means provided in the trading order processing system, the trading order processing system, based on the trail order information, the trail with respect to the market price of the variable order target at the start of the trail By obtaining a value shifted in width as an initial value of the trail stop price and associating it with the order identification information and storing it in the trail stop price storage means, an initial value of the trail stop price is set, and the buying and selling order processing system Monitors the market price information and the trail stop price of each trail order matches the order identification information. The trail width of the trail order information is identified from the trail order information storage means, and based on the identified trail width and the market price information, the amount of deviation between the trail stop price and the market price exceeds the trail width. Sometimes the processing to update the trail stop price of the trail stop price storage means so as to maintain the amount of deviation below the trail width, further, the buy and sell order processing system monitors the market price information, The trail stop price stored in the trail stop price storage means is compared with the market price, and it is determined that the trade order information has been executed when the trail stop price matches the market price. This aspect also provides the above-described advantages of the present invention. Also in this aspect, additional additional features described in the aspect of the buy and sell order processing system can be provided.

  Another aspect of the present invention is a trade order processing program. This program is a buying and selling order processing system for processing information on trading orders subject to variable orders in which the market price entrusted by the orderer fluctuates, market price information input means for inputting the market price information subject to variable orders, Order information input means for inputting trail order information including the trail width specified by the orderer as order information including the order contents of the buy / sell order, and storing the trail order information in association with order identification information for each trail order. And a trail order information storage means for processing the trail order information input from the order information input means and stored in the trail order information storage means based on the market price information. The trade order processing program is inputted from the order information input means by the trade order processing system. The trail order information associated with the order identification information for each trail order is stored in the trail order information storage means, and the buy / sell order processing system stores the trail stop price, which is the stop price of each trail order, as the order identification. The trade reverse order storage means provided in the trade order processing system in association with information is stored in the trade order processing system, and the trade order processing system is based on the trail order information with respect to the market price of the variable order target at the start of the trail. The trail offset value is obtained as an initial value of the trail stop price and stored in the trail stop price storage means in association with the order identification information, thereby setting an initial value of the trail stop price, and the trading order. A processing system monitors the market price information, and the trail stop price and order identification for each trail order. The trail width of the trail order information that matches the information is identified from the trail order information storage means, and based on the identified trail width and the market price information, the amount of deviation between the trail stop price and the market price is the trail A process of updating the trail stop price in the trail stop price storage means so as to maintain the deviation amount below the trail width when exceeding the width is performed, and the trading order processing system further updates the market price information. Monitoring and comparing the trail stop price with the market price of the trail stop price storage means, and determining that the trade order information has been executed when the trail stop price matches the market price, the processing Let the order processing system execute it. This aspect also provides the above-described advantages of the present invention. Also in this aspect, additional additional features described in the aspect of the buy and sell order processing system can be provided.

  In the present invention, as described above, by providing a configuration for setting the initial stop value of the trail start from the trail width, the use of the trail order function can be facilitated, and the trail order function can be further expanded. Thus, it is possible to provide a trade order processing system capable of providing a more convenient trail order function.

Embodiments of the present invention will be described below with reference to the drawings.
(First embodiment)
FIG. 2 shows the overall configuration of the buying and selling order processing system according to the first embodiment of the present invention. In the example of the present embodiment, the variable order object is a foreign exchange currency, for example, a dollar. The present invention is applicable to both sell orders and buy orders, but in the following description, sell orders are mainly used as examples.

  In FIG. 2, the buying and selling order processing system 1 includes a WEB server 3, an order management server 5, and a trail order management server 7.

  The WEB server 3 is accessed from the orderer terminal device 11 via the Internet 9. The orderer terminal device 11 is, for example, an orderer's personal computer and, for example, an orderer's portable terminal. The mobile terminal may be a mobile phone. The orderer is a consignor of a sales order. The WEB server 3 provides the orderer terminal device 11 with a WEB page related to a trade order. The web page of the order entry screen is also provided by the WEB server 3. Then, the input content on the order input screen is transmitted to the WEB server 3 as order information, whereby the order information is input to the buying and selling order processing system 1.

  The order information is transferred from the WEB server 3 to the order management server 5. The order management server 5 is a computer device that manages and processes all order information input to the trade order processing system 1. The trail order management server 7 is a computer device that manages and processes trail order information. The trail order information is information on the order contents of the trail order in which the stop price is trailed according to the market price. The trail order information processing function characteristic of the present invention is mainly provided in the trail order management server 7. The order management server 5 transfers the trail order information to the trail order management server 7 among the input order information. The order management server 5 and the trail order management server 7 have a database server function.

  Further, the buying and selling order processing system 1 is connected to an external market information distribution device 13 so as to be communicable. The market information distribution device 13 provides the market price information to the buying and selling order processing system 1 in real time. In the present embodiment, the market price information is a currency rate. In the buy / sell order processing system 1, the order management server 5 and the trail order management server 7 receive the market price information and process the trail order information and other order information according to the market price information.

  FIG. 3 is a functional block diagram showing the configuration of the above-described buy / sell order processing system 1 from the viewpoint of software, and particularly shows the configuration related to the processing of trail order information. The trade order processing system 1 has an order information input unit 21 as a configuration for inputting trail order information, and has an order information database 23 and a trail order information database 25 as configurations for storing and storing order information. The market price information input unit 27 and the market price information table storage unit 29 are provided as a configuration for acquiring the market price. The buy / sell order processing system 1 includes a trail stop limit initial value setting unit 31, a trail stop limit storage unit 33, and a trail stop limit updating unit 35 as a configuration for processing the trail order information and controlling the trail stop price. . Further, the trade order processing system 1 has a trail order execution establishment determination unit 37, a trail execution target table storage unit 39, an execution registration processing unit 41, and an execution table storage as a configuration for establishing an order using the trail stop price. Part 43. The above processing functions are preferably realized by a stored procedure that is a database technology. Hereinafter, each part structure of FIG. 3 is demonstrated.

  The order information input unit 21 inputs trail order information having the order contents of the trail order designated by the orderer. In the present embodiment, the trail order information includes the order quantity and the trail width. In the case of dollar trading, the unit of order quantity is $ 10,000. The order information input unit 21 is realized by the WEB server 3 of FIG. An input screen for order information provided by the WEB server 3 is illustrated in FIG. In FIG. 4, the transaction currency is “US dollar / yen”, the order type is “TR (trail)”, the trade type is “sell”, the classification is “new”, and the number of copies is “1”. Yes, the trail width is “5.00 yen”. The number of sheets is the order quantity, and one sheet is equivalent to $ 10,000.

  However, the input screen in FIG. 4 shows main input items related to the present invention, and the trail order information and the input screen are not limited to the above items. For example, the trail order information further includes an order expiration date and the expiration date is processed. The input screen may also include other necessary information such as the current market price and various currency selection buttons.

  The trail order information is supplied from the order information input unit 21 to the order information database 23 and stored in the order information database 23. At this time, order identification information is given to each trail order information. The trail order information is stored in the order information database 23 in association with the order identification information. The order identification information is a unique identification number, for example. The order information database 23 is provided in the order management server 5 of FIG.

  The trail order information is transferred together with the order identification information from the order information database 23 to the trail order information database 25 and stored in the trail order information database 25. Again, each trail order information is stored in association with the order identification information. The trail order information database 25 corresponds to the trail order information storage means of the present invention, and is provided in the trail order management server 7 of FIG. FIG. 5 shows an example of the trail order information database 25. The trail order information database 25 is a table of order identification information, order type, order quantity (sheets), and trail width. The trail order information database 25 may further include other order content information, for example, other item information shown in FIG.

  The trail order information database 25 may be integrated with the order information database 23 within the scope of the present invention.

  The market price information input unit 27 inputs real-time market price information from the market price information distribution device 13 shown in FIG. The market price information input unit 27 may be realized by a communication function with the market price information distribution device 13. The input market price information is stored in the market price information table storage unit 29. Therefore, the market price information input in real time can be monitored by referring to the market price information table storage unit 29. The market price information is the currency rate as described above.

  The trail reverse limit initial value setting unit 31 is configured to set the initial value of the trail reverse limit value. The trail stop price is a value shifted from the trail width with respect to the market price at the start of the trail. In the present embodiment, when new trail order information is added to the trail order information database 25, that time becomes the trail start time. The trail stop limit initial value setting unit 31 reads the trail width and order identification information of the newly added trail order information from the trail order information database 25. In addition, the trail stop price initial value setting unit 31 acquires the current market price from the market price information table storage unit 29, calculates a value deviated from the current market price by the trail width, and sets it as the initial value of the trail stop price. . For sell orders, the trail stop price is the price minus the trail width. The trail stop limit initial value setting unit 31 sets the initial value of the trail stop limit by storing the calculated initial value of the trail stop limit in association with the order identification information in the trail stop limit storage unit 33.

  The trail stop price storage unit 33 is configured to store the trail stop price in association with the order identification information, and stores, for example, a table of the order identification information and the trail stop price shown in FIG. In the trail stop price storage unit 33, the initial value of the trail stop price calculated from the trail width by the trail stop price initial value setting unit 31 as described above is written, and further, the trail stop price update unit described below The trail stop price updated by 35 is written. The trail stop limit storage unit 33 may be integrated with the trail order information database 25.

  The trail stop price updating unit 35 is configured to update the trail stop price of each trail order based on the market price information and the trail width. The trail stop price updating unit 35 monitors the market price information by acquiring the real-time market price information input from the market price information input unit 27 from the market price information table storage unit 29. Also, the trail stop price update unit 35 obtains from the trail order information database 25 the trail width of the trail order information that matches the trail stop price of each trail order and the order identification information in the trail stop limit storage unit 33.

  Here, the trail width is specified using the order identification information as a key. The trail stop price update unit 35 reads the order identification information associated with the trail stop price of each trail order from the trail stop limit storage unit 33. Then, the trail stop limit storage unit 33 reads the trail width of the trail order information associated with the read order identification information from the trail order information database 25.

  When the trail stop price update unit 35 specifies the trail width corresponding to the trail stop price as described above, the trail stop price update unit 35 compares the amount of deviation between the trail stop price and the market price with the trail width. In the example of the sell order, the deviation amount is a value obtained by subtracting the trail reverse price from the market price. If the deviation amount does not exceed the trail width, the trail reverse limit is not updated and is maintained. If the amount of deviation exceeds the trail width, the trail stop price is updated so as to maintain the amount of deviation below the trail width. In this case, a value obtained by subtracting the trail width from the current market price is calculated as a new trail stop price, and the trail stop price in the trail stop price storage unit 33 is rewritten.

  The trail order execution establishment determination unit 37 is configured to determine whether or not a trail order execution has been established. The trail order execution establishment determination unit 37 monitors the market price information by acquiring the real-time market price information input from the market price information input unit 27 from the market price information table storage unit 29. The trail order execution confirmation unit 37 compares the trail stop price of each trail order in the trail stop price storage unit 33 with the real-time market price information, and if the trail stop price matches the market price, the trail order execution is established. judge.

  When the trail order execution determination unit 37 determines that a trail order execution has been completed, the trail order execution determination unit 37 writes the data of the trail order to be executed into the table of the trail execution target table storage unit 39. Here, the order identification information of the trail order that has been executed is written. Further, trail order information that matches the order identification information may be acquired from the trail order information database 25 using the order identification information as a key, and the trail order information may be written in the trail execution target table storage unit 39. For example, order quantity (number of pieces) information may be written together with order identification information.

  The trail order fulfillment determination unit 37 may delete the information on the corresponding order from the trail order information database 25 and the trail stop limit update unit 35 when the trail order is fulfilled. The status of each trail order in the trail order information database 25 may be rewritten with content indicating that the contract has been established.

  The data of the trail order to be executed written in the trail execution target table storage unit 39 is transferred to the contract registration processing unit 41. The contract registration processing unit 41 registers trail order data to be executed in the contract completion table storage unit 43. Here, the information on the orderer, the order quantity, and the information on the contract price are recorded, whereby the contract is finally established.

  The contract registration processing unit 41 and the contract establishment table storage unit 43 may be provided in the order management server 5. Although not shown, the order management server 5 also has a database of registered orderer accounts. At the same time as registering a trade order execution in the execution table storage unit 43, an increase / decrease process corresponding to the purchase price is performed on the account of the corresponding orderer.

  FIG. 7 is a flowchart showing processing performed by the trade order processing system 1 for each trail order information. As shown in FIG. 7, when new trail order information is input by the order information input unit 21 (S1), the trail stop limit initial value setting unit 31 sets the initial value of the trail stop limit and stores the trail stop limit. Register in the unit 33 (S3). Then, the trail stop price update unit 35 determines whether or not the trail stop price needs to be updated by determining whether or not the amount of deviation between the market price and the trail stop price exceeds the trail width (S5). If the amount exceeds the trail width, the trail stop limit is updated (S7). If the determination in step S5 is No, the process proceeds to step S9 while maintaining the trail stop price. Then, the trail order execution establishment determination unit 37 determines whether or not the execution is executed from the trail stop price and the market price information (S9), and if the execution is not executed, the process returns to step S5. If it is determined in step S9 that the contract has been established, the contract for the corresponding order is registered (S11), and the process ends.

  FIG. 8 exemplifies trail order processing according to the present embodiment. In FIG. 8, a dollar sell order is processed. In FIG. 8, the horizontal axis is time, and the vertical axis is the market price (rate). Line M shows the market price, and line TS shows the trail stop price. Further, it is assumed that the trail width is set to 5 yen.

  In the example of FIG. 8, when a new trail order is generated, the market price M is 100 yen. Then, when a new trail order is generated, the initial value of the trail stop price is calculated from the market price and the trail width and registered. The initial value of the trail stop price is the difference between the market price and the trail width, specifically 95 yen.

  When the trail order process starts, the trail stop price TS is updated according to the market price M. In the example of the figure, first, the market price M is rising, and the trail stop price TS is increased by being dragged by the market price M so as to keep the difference between the market price M and the trail stop price TS at the trail width. When the market price M drops, the trail stop price TS is maintained. When the market price M rises again and the difference between the market price M and the trail stop price exceeds the trail width, the trail stop price TS rises again. Market price M has fallen after recording the highest price at 120 yen. When the market price M drops to 115 yen, the market price M and the trail stop price TS coincide with each other, and the trail order is executed.

  Although FIG. 8 is an example of a sell order process, the buy / sell order processing system 1 can be similarly applied to a buy order. In the buy order process, FIG. 8 is generally reversed up and down, and the trail stop price is the market price. It will move up.

  The trade order processing system 1 according to the first embodiment has been described above. According to the present embodiment, as described above, when the trail order information including the trail width is input, the value that is shifted from the trail width with respect to the market price of the variable order target at the start of the trail based on the trail order information. Is set as the initial value of the trail stop price. Since the first stop price is set from the trail width, it is not necessary to input two parameters of the reverse stop price and the trail width as in the prior art, and the use of the trail order function can be facilitated.

  In the present embodiment, the trail order information includes trail width information, and the value of the trail width is input on the order information input screen. Within the scope of the present invention, the trail width information only needs to be able to specify the trail width, and may be not only the value of the trail width itself but also information that can be converted into the trail width. For example, in the state where the current market price is displayed on the input screen, the first trail stop price may be input to designate the trail width on the input screen. The trail width is calculated from the difference between the market price and the trail stop price, and is used for the subsequent processing. In this case, as the processing of the trail reverse limit initial value setting unit 31, the first trail reverse limit value in the trail order information may be stored as it is in the trail reverse limit storage unit 33 and set as an initial value.

  The present invention is not limited to foreign exchange, and may be applied to other variable order objects.

(Second Embodiment)
Next, a trading order processing system according to the second embodiment of the present invention will be described. As a main difference from the first embodiment, in the second embodiment, the input trail order information includes a trigger market price in addition to the trail width, and this trigger market price is processed together with the trail width. Is done. The trail order handled in the present embodiment is called a trigger trail order. The trigger trail order is a kind of the trail order of the present embodiment, and is functionally expanded by adding a trigger market price designation. Hereinafter, description of matters common to the first embodiment will be omitted, and the second embodiment will be described focusing on differences from the first embodiment.

  FIG. 9 is a functional block diagram showing the buying and selling order processing system of the present embodiment. As can be seen by comparing the trade order processing system 101 in FIG. 9 and the trade order processing system 1 in FIG. 3, in the trade order processing system 101, a trail start determination unit 103 is added.

  In FIG. 9, the order information input unit 21 inputs trail order information including a trigger market price in addition to the order quantity and the trail width. As described later, the trigger market price is a parameter that becomes a trail start condition for enabling a trail order. The trail market price is specified and entered by the orderer as well as the trail width. FIG. 10 shows an example of an order information input screen in this embodiment. In FIG. 10, the transaction currency is “US dollar / yen”, the order type is “TTR (trigger trail)”, the trade type is “sell”, the category is “new”, and the number of copies is “1”. (= 10,000 dollars), the trail width is “5.00 yen”, and the trigger rate is “110 yen”. The trigger rate corresponds to the trigger market price. The entered trail order information is stored in the trail order information database 105 via the order information input unit 21 as in the first embodiment.

  FIG. 11 shows an example of the trail order information database 105 in the present embodiment. The trail order information database 105 is a table of order identification information, order type, order quantity (sheets), trail width, trigger price (trigger rate), and trail status. Compared with the database of the first embodiment shown in FIG. 5, a trigger market and a trail state are added.

  The trail state is set to “standby” when new trail order information is registered. Then, as described below, when the trigger market is processed and the trail starts, the trail state is rewritten to “valid”. Further, when the contract is established after that, the trail state is rewritten to “end”.

  The trail start determination unit 103 is configured to process the trigger market price and determine whether or not the trail start condition is satisfied. Thus, the trail reverse limit initial value setting unit 31, the trail reverse limit storage unit 33, and the trail Trail start control is performed to cause the stop limit update unit 35 to start processing the trail stop limit. That is, in this embodiment, it is not effective at the same time as the trail order is generated, but is effective after the trail start condition is satisfied. The trail start determination unit 103 monitors the market price information by acquiring real-time market price information input from the market price information input unit 27 from the market price information table storage unit 29. The trail start determination unit 103 reads the trigger market price of each trail order whose trail status is standby from the trail order information database 105, and compares the current market price with the trigger market price. Then, the trail start determination unit 103 determines that the trail start condition is satisfied when the market price reaches the trail market price. Then, the trail start determination unit 103 updates the trail state of the corresponding trail order in the trail order information database 105 from “standby” to “valid”. Thereby, the establishment of the trail start condition is notified to the trail reverse limit initial value setting unit 31 and the trail reverse limit storage unit 33.

  The trail stop limit initial value setting unit 31 sets an initial value of the trail stop limit for a trail order whose trail state has changed from “standby” to “valid” in the trail order information database 105. The initial value setting process is the same as in the first embodiment, and a value deviating from the trail width from the market price at the start of the trail is calculated and stored in the trail reverse limit storage unit 33. In the case of a trigger trail order, since the market price at the start of the trail is the trail market price, a value that is shifted from the trail market price by the trail width is calculated as the initial value of the trail stop price.

  Also, the trail stop price update unit 35 starts an update process according to the market price for the trail stop price of the trail order whose trail state has changed from “standby” to “valid” in the trail order information database 105. Here, processing using the order identification information as a key may be performed. For example, the trail stop price associated with the order identification information of the trail order information for which the trail state is valid in the trail order information database 25 is the trail stop price. It is specified from the storage unit 33 and set as an update process target. As a result, the trail stop price update unit 35 starts the update process of the trail stop price in which the order identification information matches the trigger order information determined by the trail start determination unit 103 that the trail start condition is satisfied.

  The process of updating the trail stop price is the same as that of the first embodiment. In addition, the execution of the contract using the trail stop price and the subsequent processing related to the execution are the same as in the first embodiment. When it is determined that the contract has been established, the trail order execution determination unit 37 updates the trail state of the corresponding trail order in the trail order information database 105 and changes from valid to end.

  Within the scope of the present invention, the trail stop limit initial value setting unit 31 may set the initial value of the trail stop limit when new trail order information is added. Thereby, the initial value of the trail reverse finger value is set before the trail start condition is established. However, at this point, the trail state is still “standby”. After the market price reaches the trail price, the trail start condition is established, and the trail state becomes “valid”, the trail stop price update unit 35 and the trail order execution establishment determination unit 37 function. Therefore, the same trail order processing is realized in this modified example.

  In this embodiment, the trail order information described in the first embodiment may be processed together with the order information of the trigger trail order. In the following description, the trail order of the first embodiment is referred to as a basic trail order. Regarding the basic trail order, in the trail order information database 105, the order type is set to “TR (trail)”. Also, the trigger price input and processing is omitted, and the trail state is set to be valid from the beginning. When the trail order is generated, the initial value of the trail stop price is set, and the update process of the trail stop price is also started.

  FIG. 12 is a flowchart showing processing performed by the trade order processing system 101 for each trail order information. As shown in the figure, a trail start determination step S101 is added after the trail order information input in step S1. In step S101, the trail start determination unit 103 compares the trail market price with the current market price and determines whether or not they match to determine whether the trail start condition is satisfied. When the current market price matches the trail market price, the trail start condition is satisfied, step S101 becomes Yes, and the subsequent processing is performed. Subsequent processing is the same as in the first embodiment.

  FIG. 13 exemplifies trail order processing according to the present embodiment. As in the example of FIG. 8, the horizontal axis is time, and the vertical axis is the market price (rate). Line M shows the market price, and line TS shows the trail stop price. The trail width is set to 5 yen, and the trigger market price is set to 110 yen.

  In the example of FIG. 13, when a new trail order is generated, the market price M is 100 yen. Since the market price M is smaller than the trigger price of 110 yen, the trail start condition is not satisfied. As shown in the figure, the trail order is in a waiting state.

  When the market price M rises from the occurrence of the trail order and reaches the trail price, the trail start condition is satisfied, the trail stop price TS is set, and the trail order is validated. The trail reverse limit TS is a value obtained by subtracting the trail width from the market price at the start of the trail. In this case, the value is the value obtained by subtracting the trail width from the trail price, specifically 105 yen. After the trail order is validated, the same processing as in FIG. 8 is performed.

  As shown in FIG. 13, in the second embodiment, the trail order is in a standby state at the time when the order is generated and is not valid. Waiting for the market price M to reach the trail price, the trail order is validated, and this point is significantly different from the first embodiment.

  The trading order processing system 101 according to the second embodiment of the present invention has been described above. According to the present embodiment, as described above, the trail order information including the trigger market price corresponding to the trail start condition is input, and when the market price reaches the trigger market price, the update of the trail stop price starts. In a trail order where there is a limit order as a premise as in the prior art, it is not easy for an orderer to freely set a trigger price and adjust the start time of order processing. On the other hand, the present invention does not need to input the basic stop price as in the prior art. Instead, the trigger price can be set to adjust the start time of the order process. Thus, the trail ordering function can be expanded to provide a more convenient trail ordering function.

(Third embodiment)
Next, a trade order processing system according to a third embodiment of the present invention will be described. As a main difference from the first and second embodiments, in the third embodiment, incidental order information is input together with trail order information. The incidental order information is information on the order contents of the incidental order incidental to the trail order. By combining trail order information and incidental order information, a combination of a trigger trail order and an OCO order is realized. Such an order is called an OCO trigger trail order in the present embodiment.

  As will be described later, the present invention can be similarly applied to a combination of an OCO order and a basic trail order. This order is called an OCO trail order. The above OCO trigger trail order corresponds to a kind of OCO trail order.

  Hereinafter, description of matters common to the first and second embodiments will be omitted, and the third embodiment will be described focusing on differences from the first and second embodiments.

  FIG. 14 is a functional block diagram showing the trade order processing system of the present embodiment. As can be seen by comparing the trading order processing system 201 in FIG. 14 and the trading order processing system 101 in FIG. 9, in the trading order processing system 201, an incidental order execution determination unit 203 is added.

  In FIG. 14, the order information input unit 21 inputs incidental order information together with trail order information. As described above, the trail order information includes the order quantity, the trail width, and the trigger market price. The incidental order information includes an incidental order stop limit. The incidental order stop price is a stop price of the incidental order. Unlike the trail stop price that changes according to the market price, the incidental order stop price is a fixed value. Ancillary order reverse limit is also specified and entered by the orderer, as is the trail width and trigger price. The input trail order information and incidental order information are stored in the trail order information database 205 via the order information input unit 21 as in the first embodiment.

  FIG. 15 shows an example of the trail order information database 205 in the present embodiment. The trail order information database 205 is a table of order identification information, order type, order quantity (sheets), trail width, trigger market price (trigger rate), trail status and incidental order stop limit. Compared with the database of the second embodiment shown in FIG. 9, the incidental order stop price is added. In the example of the present embodiment, the order type is set to the OCO trigger trail order. Further, as shown in FIG. 15, trail order information (trailer width, trigger market price) and incidental order information (ancillary order reverse stop price) may be collectively associated with one order identification information, which are collectively OCO trigger. It may be called trail order information.

  The incidental order execution determination unit 203 is configured to determine whether or not an incidental order execution has been completed. The incidental order execution establishment determination unit 203 monitors the market price information by acquiring the real-time market price information input from the market price information input unit 27 from the market price information table storage unit 29. The incidental order execution determination unit 203 reads the incidental order stop price of each OCO trigger trail order from the trail order information database 205, and compares the current market price with the incidental order reverse limit value. Then, the incidental order fulfillment determination unit 203 determines that the incidental order has been fulfilled when the incidental order reverse limit value matches the market price. When the incidental order execution determination unit 203 determines that the execution of the incidental order has been completed, it writes the data to be executed in the table of the trail execution target table storage unit 39. Here, as in the first embodiment, the order identification information and the like of the order that has been executed is written. Subsequent processing of the contract establishment relationship may be the same as in the first embodiment.

  The processing of trail orders and incidental orders is linked as follows, for example. First, the trail order is not validated until the trail start condition is satisfied, and only the incidental order execution determination process is performed in advance during this period. Assume that an incidental order is established before the trail start condition is established and the trail order is validated. This corresponds to a case where the market price reaches the incidental order stop price without reaching the trigger market price. In this case, the above-described execution of the contract is performed by the incidental order execution determination unit 203. At the same time, a process for automatically canceling the trail order is performed. In this cancellation process, cancellation of the corresponding order in the trail order information database 205 may be recorded by the incidental order execution determination unit 203 or other configuration. At this time, the trail order cancellation determination unit 37 is notified of the trail order cancellation determination unit 37 from the incidental order execution determination unit 37.

  On the other hand, it is assumed that the trail start condition is established before the incidental order is established. This corresponds to a case where the market price reaches the trigger price earlier than the market price reaches the incidental order stop price. In this case, as described in the third embodiment, the trail order is validated, and the trail order execution determination by the trail order execution determination unit 37 is started. Further, when the trail start condition is satisfied, a process for canceling the incidental order is automatically performed at that time. In the cancellation process, the cancellation of the corresponding order in the trail order information database 205 may be recorded by the trail order execution confirmation unit 37 or other configuration. At this time, the trail order execution determination unit 37 notifies the incidental order execution determination unit 203 of cancellation of the incidental order. The incidental order execution determination unit 203 cancels the execution of the execution because the incidental order has been canceled.

  As described above, in the present embodiment, the incidental order execution determination unit 203 performs the execution determination process of the incidental order until the market price reaches the trigger market and the trail start condition is satisfied. Then, when the market price reaches the trigger price and the trail start condition is satisfied, the incidental order execution determination unit 203 stops the determination of execution of the incidental order, and the trail order execution determination unit 37 determines whether the trail order is satisfied. Do.

  FIG. 16 is a flowchart showing processing performed by the trade order processing system 201 for each trail order information. As shown in the figure, compared to the process of FIG. 12 described in the second embodiment, step S201 of the execution determination process for incidental orders is added between the order information input step S1 and the trail start determination step S101. ing. In step S <b> 201, the incidental order execution establishment determination unit 203 determines whether or not an incidental order has been executed from the incidental order reverse limit price and the market price information. If the contract is not satisfied in step S201, it is determined in step S101 whether the trail start condition is satisfied. If determination of step S101 is No, it will return to step S201. If the contract is established in step S201, the contract for the corresponding order is registered (S11), and the process ends. At this time, the corresponding trail order cancellation process is also performed. Thus, incidental order processing is exclusively performed until the trail start condition is satisfied.

  If the determination in step S101 is Yes, a trail order process is performed as in the second embodiment. At this time, the corresponding incidental order cancellation process is also performed. Subsequent processing is generally the same as that of the second embodiment.

  FIG. 17 illustrates the order processing according to the present embodiment. Similar to the example of FIG. 13, the horizontal axis is time, and the vertical axis is the market price (rate). Line M shows the market price, and line TS shows the trail stop price. The trail width is set to 5 yen, and the trigger market price is set to 110 yen. Further, the incidental order stop price TA is set to 90 yen.

  In FIG. 17, it is assumed that the market price M fluctuates along the solid line. In this case, as in the second embodiment, the market price M reaches the trigger market price, the trail starts, and the trail order is finally concluded. Ancillary orders are canceled at the start of the trail.

  On the other hand, it is assumed that the market price fluctuates along the dotted line M1. In this case, the market price M shows a downward trend without reaching the trigger market price, and reaches the incidental order stop price. For this reason, the incidental order is first executed and the trail order is canceled.

  In the present embodiment, the trigger trail order is combined with the incidental order. However, a basic trail order may be combined with an incidental order (as already mentioned, this order can be called an OCO trail order and, in other words, an OCO triggered trail order is also a kind of OCO trail order). . In this case, the input trail order information includes the trail width but does not include the trigger market price. The incidental order information includes a fixed incidental order stop price as described above. Regarding the trail order, the basic processing described in the first embodiment is performed, that is, the order is validated as soon as the order is generated. The other processes are the same as the OCO trigger trail order process.

  In the example of FIG. 17, two orders are both sold, but the present invention is not limited to this, and the present invention may be applied to any form assumed in OCO, and two orders are purchased. But you can.

  Also, in the trading order processing system 201 of the present embodiment, the basic trail order information described in the above embodiment may be processed alone, and similarly, the trigger trail order information may be processed alone. These processes are as already described in the first and second embodiments.

  The trading order processing system 201 according to the third embodiment of the present invention has been described above. According to the present embodiment, as described above, incidental order information including a fixed incidental order stop price is input together with trail order information, the incidental order information is processed, and one of the trail order and incidental order is executed. Processing is performed.

  The present invention enables combined processing of an OCO order function and a trail order function, and trail order information and incidental order information are processed as two pieces of order information of an OCO order. If you want to simply combine incidental orders with conventional trail order information, you need to process the basic stop price for trail orders and the fixed stop price for incidental orders, which results in duplicate stop prices, which complicates processing. Therefore, it is not easy to simply combine the processing of incidental orders with the processing of conventional trail order information. On the other hand, in the present invention, by eliminating the requirement for inputting the basic stop price in the trail order, it is possible to avoid duplication of the basic stop price of the trail order and the fixed stop price of the incidental order. It is possible to perform processing by combining incidental order information and trail order information. Thus, the trail ordering function can be expanded to provide a more convenient trail ordering function.

(Fourth embodiment)
Next, a trading order processing system according to the fourth embodiment of the present invention will be described. As a main difference from the first to third embodiments, in the fourth embodiment, the first order information and the second order information are input. The second order information is validated when the first order information is executed. The second order information is the above-described OCO trigger trail order.

  The combination of the first order information and the second order information corresponds to an IFD (Ifdan) order. Therefore, the present embodiment realizes a combination of an IFD order and an OCO trigger trail order. The combination of an IFD order and an OCO order is originally called an IFO order. From this point of view, the present embodiment realizes a combination of an IFO order and a trigger trail order, and this order can be called an IFO trigger trail order.

  As will be described later, the present invention can be similarly applied to a combination of an IFD order and a basic trail order, and a combination of an IFD order and a trigger trail order.

  Hereinafter, description of matters common to the first to third embodiments will be omitted, and the fourth embodiment will be described focusing on differences from the first to third embodiments.

  FIG. 18 is a functional block diagram showing the trading order processing system according to the present embodiment. As can be seen by comparing the buy / sell order processing system 301 in FIG. 18 and the buy / sell order processing system 201 in FIG. 14, in the buy / sell order processing system 301, the first order execution processing unit 303, the second order transfer processing unit 305, the market price information input A unit 307 and a market price information table storage unit 309 are added. These configurations are provided in the order management server 5 of FIG.

  Among these, the market price information input unit 307 and the market price information table storage unit 309 have the same configuration as the market price information input unit 27 and the market price information table storage unit 29. However, the market price information input unit 27 and the market price information table storage unit 29 are provided in the trail order management server 7 in FIG. 2, whereas the market price information input unit 307 and the market price information table storage unit 309 have the order management in FIG. It is provided in the server 5 and is referred to by the first order execution processing unit 303 in the server. Of course, depending on the system configuration, the market price information input unit 307 and the market price information table storage unit 309 may be integrated with the market price information input unit 27 and the market price information table storage unit 29, respectively.

  In FIG. 18, the order information input unit 21 inputs first order information and second order information. The second order information is trail order information and incidental order information. The first order information is order information to be processed first in the IFD order. The first order information is information on a limit order or stop limit order, and includes an order quantity and a fixed limit price or stop limit. In the present embodiment, an example of a trail order of the second order information is a sales order. An example of a first order is a buy limit order or a stop limit order.

  The input first order information and second order information are associated with each other and further associated with order identification information and stored in the order information database 23. Here, in the above-described embodiment, the trail order information is immediately transferred to the trail order information database 25. However, in this embodiment, the second order information is not immediately transferred. The transfer is restricted and the second order information is held in the trail order information database 25 until the first order information is executed by the following processing.

  The first order execution determination unit 303 is configured to determine whether the execution of the first order information has been established. In the first order execution determination unit 303 and the trail order execution determination unit 37, the determination processing for execution of the contract may be the same, although the limit price or stop limit is different from the order information to be processed. The first order execution determination unit 303 monitors the market price information by acquiring the real-time market price information input from the market price information input unit 307 from the market price information table storage unit 309. The first order execution determination unit 303 compares the limit price or stop price in each first order information stored in the order information database 23 with real-time market price information, and if the limit price or stop price matches the market price, It is determined that one order has been executed.

  If the first order execution determination unit 303 determines that the execution of the first order has been established, the first order execution determination unit 303 records the execution of the execution in the order information database 23. The execution of the execution is notified to the execution registration processing unit 41, and the execution registration processing unit 41 records the execution of the first order in the execution formation table storage unit 43. At this time, necessary information including the order quantity is acquired from the order information database 23 using the order identification information as a key.

  The completion of the contract is recorded in the order information database 23 as described above and notified to the second order transfer processing unit 305. The second order transfer processing unit 305 reads from the order information database 23 the second order information associated with the first order information for which the contract has been established, and transfers the second order information to the trail order information database 25. The second order information is trigger trail order information and incidental order information, and is processed in the same manner as in the above-described embodiment.

  FIG. 19 is a flowchart showing processing performed by the trade order processing system 301 for each trail order information. As shown in the figure, steps S301 to S305 are added after the trail order information input in step S1 as compared with the processing of FIG. 16 described in the third embodiment. In step S301, the first order execution determination unit 303 determines whether or not the first order execution has been established. When the execution of the first order is established (S301, Yes), the execution of the first order is registered (S303), and the corresponding second order information is transferred (S305). Subsequent processing is the same as in the third embodiment.

  Note that this embodiment may be applied to any combination of IFD orders that is possible with IFD orders, the first order may be bought, the second order may be sold, and vice versa. Good.

  In the present embodiment, the second order information is trigger trail order information and incidental order information. However, the present invention is not limited to the above. The trail order and the IFD order can be applied in various combinations as described below.

  For example, the second order information may be only trigger trail order information. In this case, input and processing of incidental order information is omitted. This order is referred to as an IFD triggered trail order.

  The second order information may be basic trail order information and incidental order information. In this case, the input and processing of the trigger price is omitted. This order is called an IFO trail order.

  Further, the second order information may be only basic trail order information. In this case, input and processing of the trigger market price and incidental order information are omitted. This order is called an IFD trail order.

  Further, in the trading order processing system 301 of the present embodiment, the basic trail order information, trigger trail order information, OCO trail order information, and OCO trigger trail order information described so far may be similarly processed.

  The trade order processing system 301 according to the fourth embodiment of the present invention has been described above. According to the present embodiment, as described above, the first order information and the second order information are input, and the second order information is validated when the first order is executed. This configuration enables processing combining the IFD function or the IFO function and the trail order function, and the second order information is processed as the above-described trail order information. Therefore, also in this embodiment, the trail ordering function can be expanded to provide a more convenient trail ordering function.

  The preferred embodiments of the present invention have been described above. However, the present invention is not limited to the above-described embodiments, and it goes without saying that those skilled in the art can modify the above-described embodiments within the scope of the present invention.

  As described above, the trading order processing system according to the present invention is useful as a computer system that expands the function of trading orders using online communication and improves convenience.

It is a figure which shows the conventional trail order process. It is a figure showing the whole trade order processing system composition concerning a 1st embodiment of the present invention. It is a functional block diagram which shows the structure of the trade order processing system which concerns on 1st Embodiment. It is a figure which shows the example of the input screen of order information. It is a figure which shows the example of a trail order information database. It is a figure which shows the example of the table of the order identification information memorize | stored in a trail stop price memory | storage part and a trail stop price. It is a flowchart which shows the process performed by the trade order processing system in 1st Embodiment. It is a figure which shows the example of the trail order process in 1st Embodiment. It is a functional block diagram which shows the structure of the trading order processing system which concerns on 2nd Embodiment. It is a figure which shows the example of the input screen of order information. It is a figure which shows the example of a trail order information database. It is a flowchart which shows the process performed by the trade order processing system in 2nd Embodiment. It is a figure which shows the example of the trail order process in 2nd Embodiment. It is a functional block diagram which shows the structure of the trade order processing system which concerns on 3rd Embodiment. It is a figure which shows the example of a trail order information database. It is a flowchart which shows the process performed by the buying and selling order processing system in 3rd Embodiment. It is a figure which shows the example of the trail order process in 3rd Embodiment. It is a functional block diagram which shows the structure of the trading order processing system which concerns on 4th Embodiment. It is a flowchart which shows the process performed by the buying and selling order processing system in 4th Embodiment.

Explanation of symbols

DESCRIPTION OF SYMBOLS 1 Trading order processing system 3 WEB server 5 Order management server 7 Trail order management server 9 Internet 11 Orderer terminal device 13 Market price information distribution device 21 Order information input part 23 Order information database 25 Trail order information database 27 Market price information input part 29 Market price Information table storage unit 31 Trail stop limit initial value setting unit 33 Trail stop limit storage unit 35 Trail stop limit update unit 37 Trail order execution establishment determination unit 39 Trail execution target table storage unit 41 Contract registration processing unit 43 Contract execution table storage unit 103 Trail start determination unit 203 Accompanying order execution determination unit 303 First order execution determination unit 305 Second order transfer processing unit

Claims (12)

A buy and sell order processing system for processing information on buy and sell orders for variable orders where the market price entrusted by the orderer fluctuates,
Market price information input means for inputting market price information of the variable order;
Order information input means for inputting trail order information including the trail width specified by the orderer;
Trail order information storage means for storing the trail order information in association with order identification information for each trail order;
A trail stop price storage means for storing a trail stop price, which is a stop price of each trail order, in association with the order identification information;
Based on the trail order information, a value that is shifted from the trail width with respect to the market price of the variable order at the start of the trail is obtained as an initial value of the trail stop price, and is associated with the order identification information to store the trail stop price. By storing in the means, trail initial stop value setting means for setting the initial value of the trail stop price,
The market information is monitored, the trail width of the trail order information that matches the trail stop price and the order identification information of each trail order is specified from the trail order information storage means, and the specified trail width Based on the market price information, when the amount of deviation between the trail stop price and the market price exceeds the trail width, the trail stop price of the trail stop price storage means is maintained so as to maintain the amount of deviation below the trail width. Trail stop price update means for updating
A trail that monitors the market price information, compares the trail market price with the market price of the trail market price storage means, and determines that the trade order information is executed when the market price matches the market price. Order execution confirmation means;
A trading order processing system characterized by comprising:   From the order information input means, the trail order information including information on a trigger market price that becomes a trail start condition is input, and when the market price reaches the trigger market price by monitoring the market price information, the trail start condition is satisfied. A trail start determination unit is provided, and the trail reverse limit value update unit is configured to detect the trail reverse where the order identification information matches the trigger order information determined by the trail start determination unit that the trail start condition is satisfied. The buy / sell order processing system according to claim 1, wherein the limit price update process is started. From the order information input means, along with the trail order information, incidental order information that is incidental to the trail order and includes the incidental order stop price fixed unlike the trail reverse limit value, is input,
Monitor the market price information, compare the incidental order stop price of the trail order information storage means with the market price, and determine that the incidental order has been executed when the incidental order limit price and the market price match. The buying and selling order processing system according to claim 1, further comprising an incidental order execution determination unit.   The order information input means receives first order information and second order information that is activated when the first order information is executed, and the second order information includes the trail order information. The buying and selling order processing system according to any one of claims 1 to 3. A trading order processing system for processing trading order information for a variable order subject to change in a market price commissioned by an orderer, the market price information input means for inputting the market price information for the variable order target, Order information input means for inputting trail order information including the trail width designated by the orderer as order information including order details, and trail order information for storing the trail order information in association with order identification information for each trail order And a trading order processing system for processing the trail order information input from the order information input means and stored in the trail order information storage means based on the market price information. A method,
The trading order processing system stores the trail order information input from the order information input means in the trail order information storage means in association with order identification information for each trail order,
The buy / sell order processing system stores a trail stop price, which is a stop price of each trail order, in association with the order identification information in a trail stop price storage means provided in the buy / sell order processing system,
Based on the trail order information, the buy / sell order processing system obtains a value that is shifted from the trail width as an initial value of the trail stop price with respect to the market price for the variable order at the start of the trail, and the order identification information By associating and storing it in the trail stop price storage means, an initial value of the trail stop price is set,
The trading order processing system monitors the market price information, specifies the trail width of the trail order information that matches the trail stop price and the order identification information of each trail order from the trail order information storage means, Based on the identified trail width and the market price information, when the amount of deviation between the trail stop price and the market price exceeds the trail width, the trail stop price is maintained so as to maintain the deviation amount below the trail width. Processing to update the trail stop price of the storage means,
Further, the buy / sell order processing system monitors the market price information, compares the trail market price with the market price of the trail market price storage means, and if the market price of the trail market price matches the market price information, A method for processing a purchase / buying order, characterized in that it is determined that the execution of   When the trading order processing system inputs the trail order information including information on a trigger market price that becomes a trail start condition from the order information input means, and monitors the market price information, and when the market price reaches the trigger market price It is determined that the trail start condition is satisfied, and the trail stop price update process in which the order identification information matches the trigger order information determined by the trail start determination unit that the trail start condition is satisfied is started. The buying and selling order processing method according to claim 5.   The trading order processing system includes, from the order information input means, information on incidental orders incidental to a trail order together with the trail order information, and incidental order information including an incidental order reverse limit fixed unlike the trail reverse limit value. To monitor the market price information, compare the incidental order stop price of the trail order information storage means with the market price, and if the incidental order stop price matches the market price, the execution of the incidental order is established. 7. The buying and selling order processing method according to claim 5 or 6, wherein it is determined that the purchase has been made.   The buying and selling order processing system inputs, from the order information input means, first order information and second order information that is activated when a contract of the first order information is established, and the second order information The trade order processing method according to claim 5, wherein the trail order information is included. A trading order processing system for processing trading order information for a variable order subject to change in a market price commissioned by an orderer, the market price information input means for inputting the market price information for the variable order target, Order information input means for inputting trail order information including the trail width designated by the orderer as order information including order details, and trail order information for storing the trail order information in association with order identification information for each trail order And a trading order processing system for processing the trail order information input from the order information input means and stored in the trail order information storage means based on the market price information. A program,
The trading order processing system stores the trail order information input from the order information input means in the trail order information storage means in association with order identification information for each trail order,
The buy / sell order processing system stores a trail stop price, which is a stop price of each trail order, in association with the order identification information in a trail stop price storage means provided in the buy / sell order processing system,
Based on the trail order information, the buy / sell order processing system obtains a value that is shifted from the trail width as an initial value of the trail stop price with respect to the market price for the variable order at the start of the trail, and the order identification information By associating and storing it in the trail stop price storage means, an initial value of the trail stop price is set,
The trading order processing system monitors the market price information, specifies the trail width of the trail order information that matches the trail stop price and the order identification information of each trail order from the trail order information storage means, Based on the identified trail width and the market price information, when the amount of deviation between the trail stop price and the market price exceeds the trail width, the trail stop price is maintained so as to maintain the deviation amount below the trail width. Processing to update the trail stop price of the storage means,
Further, the buy / sell order processing system monitors the market price information, compares the trail market price with the market price of the trail market price storage means, and if the market price of the trail market price matches the market price information, It is determined that the execution of
A trading order processing program that causes the trading order processing system to execute processing.   The buy / sell order processing system stores the trail order information including trigger price information that is input from the order information input means and becomes a trail start condition in the trail order information storage means, and monitors the market price information to monitor the trigger. It is determined that a trail start condition has been established when the market price has reached the market price, and the trail stop price at which the order identification information matches the trigger order information determined by the trail start determination unit that the trail start condition has been established. The trading order processing program according to claim 9, wherein the trading order processing system is configured to cause the trading order processing system to execute a process of starting an update process.   The buy / sell order processing system, which is input together with the trail order information from the order information input means, is information on incidental orders incidental to the trail order and includes an incidental order reverse limit fixed unlike the trail reverse limit. Information is stored in the trail order information storage means, the market price information is monitored, the incidental order stop price in the trail order information storage means is compared with the market price, and the incidental order stop price matches the market price The trading order processing program according to claim 9 or 10, wherein said trading order processing system executes a process for determining that said incidental order has been executed.   The buy / sell order processing system stores first order information input from the order information input means, and second order information that is activated when a contract of the first order information is established, and the second order information is stored. The trading order processing program according to any one of claims 9 to 11, wherein the trading order processing system is caused to execute processing in which order information includes the trail order information.

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