JP2024036665A - Financial product transaction management device, financial product transaction management system, program - Google Patents

Abstract

An object of the present invention is to provide a financial product transaction management device that is highly convenient for customers who transact financial product orders by sequentially combining a plurality of orders. [Solution] An order information generation unit 16 of a financial product transaction management device 1 generates a first order information for issuing an order to execute a first order of an if-done order at a first price, based on execution of the first order. The execution information generating unit 14 generates second order information for placing an order at a second price to issue an instruction to execute the second order to be placed, and the order information is provided with trail width information. According to the fluctuation, the price that is the execution standard for the first order and the second order is changed based on the trail, and the order price of the first order trails and the market price increases to the first price one or more times. When the number of times matches, execute an instruction to execute the first order at the first price, and when the order price of the second order trails and the market price matches the second price a predetermined number of times or more , executes an instruction to execute the second order at the second price. [Selection diagram] Figure 1

Description

The present invention relates to technology for managing and supporting transactions in financial products such as foreign exchange.

In addition to market orders, in which transactions are made at the price at the time of the order, limit orders are known as trading methods for financial products such as foreign exchange. A limit order is an order form in which the customer specifies the buying and selling price in advance, and the financial product handling company places a buy order for the financial product when the price of the financial product falls to the specified amount. or place a sell order for the financial product when the amount reaches a specified amount. Conventionally, an invention is known in which a limit order for this financial product is placed using a computer system (see, for example, Patent Document 1).

Japanese Patent Application Publication No. 2006-99787

Here, in limit orders for financial products, if-done order (two ordered orders are placed at the same time, and when the first order (hereinafter referred to as "first order") is executed, the second order is automatically placed. An order format in which an order (hereinafter referred to as a "second order") is valid; the same applies in this specification) is often made. However, in the invention described in Cited Document 1, an if-done order is There is a problem that it cannot respond to limit orders. On the other hand, if the market price of a financial product has fluctuated more than the previous market price and there is no prospect of recovery for the time being, the transaction person who owns the financial product should monitor the market price fluctuations in order to minimize damage. In many cases, the customer wishes to sell the financial product accordingly. However, in the invention described in Cited Document 1, a customer who uses a system to trade financial products can automatically sell financial products acquired by buying a limit order according to future market conditions. There is also a problem in that it is not possible to automatically cancel an if-done order depending on market conditions.

The present invention has been made in view of the above problems, and provides a financial product transaction that increases the convenience of customers who use the system in financial product transactions and reduces the risk that customers incur when placing an if-done order. The goal is to provide a management device.

In order to achieve this object, the invention according to claim 1 is a financial product transaction management device that manages the purchase and sale transactions of financial products whose market prices fluctuate, the device comprising: an order input reception means for receiving order application information; an order information generation means for generating order information for the financial product based on the buy/sell order application information received by the order input reception means; execution information generation means for executing the buying and selling order of the financial product based on the one of the buying and selling order application information; , first order information as the order information for placing a buy order or sell order at a first price as a price at which the execution information generating means issues an instruction to execute the first order of the if-done order, and the market price; When the prices match, the second order as the order information is a sell order or a buy order at a second price that causes the execution information generating means to issue a command to execute the second order of the if-done order. the order information for placing a buy or sell order at the first price and/or the order information for placing a sell or buy order at the second price; Correspondingly, trail width information is provided as information on a price range for changing the price that is the reference price for the execution, and the execution information generation means, based on the trail width information as the market price changes, fluctuating the standard price for execution of the first order and/or the second order, and for the first order, the market price fluctuates to one of a high price side and a low price side, The order price of the first order trails each of the trail widths set by the trail width information, the market price matches the first price once, and the market price that fluctuates further becomes the first price. executing an instruction to execute an execution based on the first price when the price matches the price of the second order a predetermined number of times, and for the second order, the market price is on the high price side and the low price side. the order price of the second order trails by the trail width set by the trail width information, the market price matches the second price once, and The present invention is characterized in that when the fluctuated market price matches the first price a predetermined number of times, one or more times, an instruction is executed to execute a contract based on the second price.

The invention set forth in claim 2 provides the structure set forth in claim 1, in addition to the configuration set forth in claim 1, an order information record that records the first order information and the second order information as the order information generated by the order information generation means. and market price information management means for acquiring and managing information on the market price of the financial product, and the contract information generation means executes a transaction based on the first order information recorded in the order information recording means. The first order to be executed is made a valid order, the second order to be traded based on the second order information is made an invalid order, the first order is executed based on the first order information, and the execution is executed. At the same time, a process is performed to change the second order based on the second order information from an invalid order to a valid order, and when the current market price reaches the second price, the second order is changed based on the second order information. and executes an instruction to execute the second order based on the second price.

The invention according to claim 3 is a financial product transaction management system for managing buy and sell transactions of financial products whose market prices fluctuate, the system comprising an order input reception system for receiving buy and sell order application information for placing buy and sell orders for the financial products. means for generating order information for the financial product based on the purchase and sale order application information received by the order input receiving means; a contract information generating means for executing an order, and the order information generating means sends an if-dan to the contract information generating means when the market price of the financial product matches, based on one of the buy/sell order application information. When the first order information as the order information for placing a buy or sell order and the market price match at the first price as the price at which the first order of the order is executed, Generate second order information as the order information for placing a sell order or a buy order at a second price as a price that causes the execution information generation means to issue an instruction to execute the second order of the if-done order; the order information for making a buy order or a sell order at the second price, and/or the order information for making a sell order or a buy order at the second price, in response to a change in the market price; Trail width information is provided as information on a price range for changing the price, and the execution information generating means generates the first order and/or , the price serving as the basis for execution of the second order is varied, and the market price of the first order fluctuates to one of the high and low sides, and the order price of the first order changes. , the trailing for each of the trail widths set by the trail width information, the market price matching the first price once, and the fluctuating market price matching the first price one or more times. executing an instruction to execute an execution based on the first price when the number of times matches, and for the second order, the market price fluctuates to the other of the high price side and the low price side. , the order price of the second order trails for each of the trail widths set by the trail width information, the market price matches the second price once, and the market price that has changed further A financial product transaction management system, characterized in that when the first price matches a predetermined number of times, one or more times, a command is executed to execute an execution based on the second price.

The invention according to claim 4 is a program that causes a computer to function as the financial product transaction management device according to claim 1 or 2.

According to the inventions recited in claims 1 and 3, the order information generation means causes the contract information generation means to issue an if-done order when the market prices of the financial instruments match based on one buy/sell order application information. When the first order information, which is the order information for making a buy or sell order, and the market price match at the first price, which is the price at which an instruction to execute the first order is issued, the execution information generation means Generates second order information as order information for placing a sell or buy order at a second price as a price at which an order is issued to execute a second order of the if-done order, and generates second order information as order information for placing a buy or sell order at the first price. The order information for placing an order and/or the order information for placing a sell order or a buy order at the second price as information on a price range that changes the standard price for execution in response to market price fluctuations. Trail width information is provided, and as the market price changes, the price that is the basis for executing the first order and/or the second order is changed based on the trail width information, and the market price is changed for the first order. fluctuates to either the high price side or the low price side, the order price of the first order trails by the trail width set by the trail width information, and the market price matches the first price once. , further executing an instruction to execute an execution based on the first price when the fluctuating market price matches the first price a predetermined number of times at least once, and for the second order, the market price is on the high side. and the other side of the low price side, the order price of the second order trails by the trail width set by the trail width information, the market price matches the second price once, and then changes further. By executing one order procedure on the client terminal side by executing an instruction to execute an order based on the second price when the market price matches the first price a predetermined number of times, Orders for types of financial products can be placed using computer systems. Based on the trail, it is possible to change the prices that serve as the basis for executing the first order and the second order. In futures trading of financial products, customers who use the system do not have to go through complicated order procedures, and even if future market conditions change unfavorably to the user, if-dan can always keep the amount of loss to a minimum. It becomes possible to place an order. Thereby, it is possible to increase the convenience of customers who use the system in trading financial products, and to reduce the risk that customers incur when placing an if-done order.

According to the invention described in claims 1 and 3, it is possible to change the price that is the standard for executing the first order and/or the second order based on the trail width information.

According to the invention set forth in claim 2, the order information recording means records the first order information and the second order information as the order information generated by the order information generation means, and acquires information on the market price of the financial product. and market price information management means for managing market price information, and the contract information generation means makes a first order for trading based on the first order information recorded in the order information recording means a valid order, and also makes a valid order based on the second order information. The process of making the second order for trading an invalid order, executing the execution of the first order based on the first order information, and changing the second order based on the second order information from an invalid order to a valid order along with the execution. in futures trading of financial products by executing an instruction to execute a second order based on the second price based on the second order information when the current market price becomes the second price. , customers using the system do not have to go through complicated order procedures, and even if future market conditions change unfavorably to the user, it is possible to realize an if-done order that can always minimize the amount of damage. Thereby, it is possible to improve the convenience for customers who use the system and to reduce the risk that customers incur when placing an if-done order.

According to the fourth aspect of the invention, the financial product transaction management device of the present invention can be programmed and realized on various computer hardware.

1 is a system configuration diagram and a functional block diagram of a financial product transaction management device in the financial product transaction management system of the first embodiment. FIG. It is a schematic diagram of the field definition of the order table of the financial product transaction management device same as the above. It is a flowchart showing the execution procedure when accepting a stop order in the financial product transaction management device same as the above. Displayed on the display of the client terminal by the same financial product transaction management device (a) A customer places a buy stop order for the same type of financial product at the "first price" and a sell stop order at the "second price". An image of the input screen where various selections and inputs are made when you wish to place a limit order, (b) For the same type of financial product, you place a sell stop order for the "first price" and FIG. 2 is an image diagram of an input screen for placing a buy stop order for the price of . It is an image diagram of an input screen. FIG. 2 is a diagram schematically showing a group of order information recorded in an order table in the financial product transaction management device mentioned above. It is a flowchart showing the procedure for executing a buy stop order after receiving a stop order in the financial product transaction management device. It is a flowchart which shows the execution procedure of a sell stop order after acceptance of a stop order in the financial product transaction management device same as the above. It is a time chart showing the relationship between the market price and the processing of a stop order in the financial product transaction management device same as above. It is a time chart showing the relationship between the market price and the processing of a stop order in the financial product transaction management device same as above. It is a time chart showing the relationship between the market price and the processing of a stop order in the financial product transaction management device same as above. FIG. 2 is a diagram schematically showing a group of order information recorded in an order table in the financial product transaction management device mentioned above. It is a flowchart which shows the execution procedure after receiving a stop order in the same financial product transaction management device as mentioned above. It is a flowchart which shows the execution procedure after receiving a stop order in the same financial product transaction management device as mentioned above. It is a time chart showing the relationship between the market price and the processing of a stop order in the financial product transaction management device same as above. It is a time chart showing the relationship between the market price and the processing of a stop order in the financial product transaction management device same as above. It is a time chart showing the relationship between the market price and the processing of a stop order in the financial product transaction management device same as above. FIG. 7 is an image diagram of an input screen displayed on the display unit of the client terminal by the financial product transaction management device according to Embodiment 2 of the present invention. FIG. 2 is a diagram schematically showing a group of order information recorded in an order table in the financial product transaction management device mentioned above. It is a flowchart which shows the execution procedure after receiving a stop order in the same financial product transaction management device as mentioned above. It is a flowchart showing the execution procedure after receiving a stop order in the financial product transaction management device same as above. 20 is a time chart showing the relationship between the market price and stop order processing in the processing procedure shown in the flowchart of FIG. 19 in the financial product transaction management device mentioned above. 20 is a time chart showing the relationship between the market price and stop order processing in the processing procedure shown in the flowchart of FIG. 19 in the same financial product transaction management device as above;

[Embodiment 1 of the invention]
Embodiment 1 of the present invention will be described below with reference to the drawings.

FIG. 1 is a system configuration diagram and a functional block diagram of a financial product transaction management system according to the first embodiment. As shown in the figure, the financial product transaction management system 1A includes a financial product transaction management device 1 and n client terminals 2 ₁ to 2 _n (n≧1). The client terminals 2 ₁ to 2 _n can communicate with each other via the Internet 3 as a WAN (Wide Area Network). The financial product transaction management system 1A of this first embodiment handles foreign exchange as a financial product.

The financial product transaction management device 1 is a server computer managed and operated by a financial product dealer, and is equipped with a web server function and a database function for storing large amounts of data. The client terminals 2 ₁ , ..., 2 _n are communication terminals with data communication functions owned and used by individuals or corporations that buy and sell financial products, and include personal computers, mobile phone terminals, etc. do. The client terminals 2 ₁ , . . . _, 2 _n each include an operation portion 21 ₁ , . It has a display section 22 ₁ , . . . , 22 _n that displays various instructions and various images inputted from the terminals ₁ , . . . , 21 _n . Note that since the client terminals 2 ₁ , ..., 2 _n , the operation sections 21 ₁ , ..., 21 _n and the display sections 22 ₁ , ..., 22 _n have the same configuration, it is necessary to distinguish them below. Except in some cases, the client terminal 2, the operation section 21, and the display section 22 are used.

Although not shown in FIG. 1, the financial product transaction management device 1 includes at least one CPU (Central Processing Unit), a RAM (Random Access Memory) that functions as a work area for the CPU, a boot program for startup, etc. The computer is provided with a ROM (Read Only Memory) in which various programs and data are recorded, an auxiliary storage device such as a hard disk in which various programs and data are recorded, a communication interface used for sending and receiving data, and the like. The auxiliary storage device stores OS (Operating System) programs, various application programs, data recorded in databases, etc. These programs and data are processed by the CPU in cooperation with hardware resources. to realize various functions.

As shown in FIG. 1, the financial product transaction management device 1 includes a data processing unit 10 as a functional means realized based on the various programs and hardware resources described above, and various types of data processed by the data processing unit 10. It has a database 18 in which data is recorded. The data processing unit 10 performs processing such as generation and processing of various data used in the financial product transaction management device 1, and also a front page distribution unit 11 as a functional means and an order processing unit 11 as an “order information receiving means”. Input reception section 12, deposit/withdrawal information generation section 13, contract information generation section 14 as "contract information generation means", account information generation section 15, order information generation section 16 as "order information generation means", database (DB) It has a connection base section 17 and a price information reception management section 19 as a "market price information management means".

The order input reception unit 12 receives data related to various orders input from the client terminal 2, and performs various processes necessary to establish an order for a financial product.

The deposit/withdrawal information generation unit 13 receives requests for deposits/withdrawals from the client terminal 2, and creates a list of deposits/withdrawals based on the requests.

The order information generation unit 16 generates information regarding the completed order of the financial product based on the information processed by the order input reception unit 12. Orders here include so-called market orders, limit orders, and if-done orders.

The contract information generating section 14 performs contract processing based on the order generated by the order information generating section 16 and processing for sending information regarding the completed contract processing to the client terminal 2 of the customer. Note that the term "contract" here refers to various procedures and processes for completing the purchase and sale of financial products based on a customer's order. As will be described later, when a contract is established in the first embodiment, foreign exchange is bought and sold, and as a result, based on instructions from the contract information generation section 14, the account information generation section 15 generates margin according to the buying and selling amount. The information (described later) is converted, and furthermore, the deposit/withdrawal information generation unit 13 records the status of deposits and withdrawals in the deposit/withdrawal list. Further, when a contract is established, the contract information generation unit 14 causes the display unit 22 of the client terminal 2 to display text information indicating that the contract has been concluded, and also causes the client terminal to deposit and withdraw money from the bank account based on the buying and selling price. Perform processing.

The account information generation unit 15 has a function of generating the customer's deposit balance information and managing the deposit balance information as margin information (that is, information to prove that the order can be executed). Note that the information regarding the deposit balance generated by the account information generation unit 15 is periodically compared with information regarding the customer's actual deposit balance provided by financial institutions such as banks in order to ensure consistency with the actual deposit balance. Verified.

The database connection base unit 17 performs conversion between data generated and processed in the data processing unit 10 and data recorded in the database 18 (for example, mutual conversion between a logical data structure and a physical data structure). , performs processing necessary for communicating data between the data processing unit 10 and the database 18.

The database 18 records data used by the financial product transaction management device 1. Although the database 18 in the first embodiment is formed by a relational database, any format suitable for recording and rewriting a large amount of data may be used, such as an object database. The database 18 records an order table 181 as an "order information recording means", a customer account information table 182 as a "customer account information recording means", a currency pair order condition table 183, and a sequence number table 184. The sequence number table 184 records a unique sequence number assigned to each order information (described later). Details of the order table 181, customer table 182, and currency pair order condition table 183 will be described later.

The front page distribution unit 11 creates image data to be displayed on the display unit 22 of the client terminal 2 and transmits the created image data to the client terminal 2.

The price information reception management unit 19 acquires information about the prices of financial products handled by the financial product transaction management device 1, and performs necessary processing and management on the acquired information for use in the data processing unit 10. . In the first embodiment, the price information reception management section 19 periodically acquires, records, and manages information on foreign exchange market prices.

Although not shown, the financial product transaction management device 1 includes a timer that acquires and manages date and time information, and based on the date and time information acquired from this timer, first order information and first sell stop order information. , and deadline management means for managing the order deadline of the second sell stop order information (both of which will be described later).

FIG. 2 is a schematic diagram of field definitions of the order table 181. As shown in the figure, the order table 181 has fields for the number of items, including field names, data types such as characters, numbers, and date and time, and data lengths such as bit length. , No-blank designation (Not Null), presence or absence of a default value (default value), data item name (remarks), etc. are specified.

In the above-described financial product transaction management device 1, it is possible to realize an if-done order transaction using a plurality of stop orders for the same type of financial product by one pre-order.

Next, a procedure for executing an if-done order using a stop order in the financial product transaction management system 1A of the first embodiment will be explained.

FIG. 3 shows a buy stop order (new buy stop order) of one currency as a "first price" and a "second price" in the financial product transaction management device 1 of the first embodiment. 2 is a flowchart illustrating the execution procedure when accepting a sell stop order (new sell stop order) for other currencies. Hereinafter, the execution procedure at the time of reception will be explained based on the same figure.

A customer using the financial product transaction management system 1A accesses the financial product transaction management device 1 using the client terminal 2, and selects financial products of the same type using a transaction selection screen (not shown) displayed on the display unit 22. (for example, a combination of US dollars and Japanese yen), select a transaction in which a buy stop order is placed at a "first price" and a sell stop order is placed at a "second price." The front page distribution unit 11 of the financial product transaction management device 1 causes the display unit 22 of the accessed client terminal 2 to display an input screen for inputting the buying and selling conditions.

(a) of FIG. 4 shows that the financial product transaction management device 1 of the first embodiment executes a buy stop order for the "first price" and a "second price" for the same type of financial product. It is an image diagram of an input screen for placing a sell stop order. The figure shows various inputs and selections made when placing the same order.

This input screen 40 includes a currency pair selection button 401 that serves as a "buying/selling desired input means" that displays tradable currency pairs on the screen, and a buying/selling type selection button 402 that displays the buying/selling type of the limit order to be executed first. , an order type selection button 403 that displays selectable order types, a buy stop order (new buy stop order) or a sell stop order (new sell stop order) for the currency to be traded as the "first price". A first stop-loss order price input field 404 as the "first order price input field" in which the first price of a stop-loss order (stop-loss order) is entered, a buy-stop order or a sell-stop order as the "first price" A first trail width input field 405 in which the trail width amount is entered, and a first trail start price input field in which the trail start price of a buy stop order or sell stop order as the "first price" is entered. 406, Stop loss width input as a "price range input field" where the price of the stop loss width of a sell stop order or a buy stop order is entered as the "price range when selling or buying at the second price" A field 407, an order amount input field 408 in which the amount of currency to be bought or sold by execution of each limit order and stop order are entered, and an expiration date selection button 409 to display the expiration date of each stop order are displayed. There is. As will be described later, the price entered in the first stop order price input field 404 forms the initial price of the first if-done order.

When a customer wishes to place a buy stop order for the same type of financial product at a first price and a sell stop order for a second price, the customer operates the operation unit 21 to initiate the transaction. The user inputs his/her request and further selects and inputs the data of the order details on the input screen 40 (step S1). Figure 4 (a) shows various options and options when a customer wishes to place a buy stop order for the same type of financial product at a first price and a sell stop order for a second price. FIG. 4 is an image diagram of an input screen 40 on which input is performed. In (a) of FIG. 4, select US dollar/Japanese yen (buying and selling US dollars with Japanese yen) using the desired currency pair selection button 401, select "buy" using the buying and selling type selection button 402, Click the order type selection button 403 to select a "trend if-done" order (an if-done order that uses multiple stop orders for the same type of financial product in this first embodiment.Hereinafter, this transaction mode will be referred to as a "trend if-done order" in this specification). )" and enter 103.00 yen in the first stop order price input field 404, 1.00 yen in the first trail width input field 405, and 102.50 yen in the first trail start price input field 406. Yen, 2.00 yen is entered in the stop loss width input field 407, 100,000 dollars are entered in the order amount input field 408, and "weekend" is selected by the expiration date selection button 409.

When the selection button 410 is clicked in this state and the data input and selected on the input screen 40 is supplied to the financial instrument transaction management device 1, the order input reception unit 12 of the financial instrument transaction management device 1 receives the input data. Check the details of your order. That is, the time limit selected using the expiration date selection button 409 and the type of order selected using the order type selection button 403 are confirmed, and the respective order prices are checked (step S2). Specifically, the order input reception unit 12 inputs the price of the buy stop order entered in the first stop order price input field 404 of the currency pair selected by the desired buy/sell currency pair selection button 401, and the price information. A comparison is made with the current exchange rate price received by the reception management unit 19. The order input reception unit 12 determines the price to be appropriate only when the customer can make a profit, that is, only when the price of the buy stop order is lower than the current exchange rate price.

If the price of the buy stop order is determined to be an appropriate price (“No” in step S3), the account information generation unit 15 acquires the customer's margin information from the customer account information table 182.

The order input reception unit 12 uses the acquired margin information and the customer's order total amount (that is, the price of the buy stop order entered in the first stop order price input field 404 and the order amount entered in the order amount input field 408). The margin amount is compared with the order total amount (calculated by multiplying the order amount) to check whether the margin amount is greater than or equal to the order allowable amount.

Here, the "order allowable amount" refers to the amount required for an order (the same applies in this specification). That is, the allowable order amount may be the amount entered in the order amount input field 408 (in this embodiment, 100,000 yen), or a value of a predetermined ratio to the value (for example, 10 (10,000 yen)). The amount may be 10,000 yen) x 0.1 = 1 (10,000 yen), or a predetermined amount (for example, 10,000 yen).

The order information generation unit 16 generates an "order information group" to be described later only when the margin amount is equal to or greater than the order allowable amount ("No" in step S5). As a result, limit orders based on trend if-done orders can be accepted only when the customer can reliably pay.

If the margin amount is greater than or equal to the allowable order amount (“No” in step S5), the order input reception unit 12 determines whether the order conditions are as described above based on the data recorded in the currency pair order condition table 183, etc. It is confirmed whether various conditions of the trend if done order other than the following are satisfied (step S6).

If various conditions of the trend-if-done order are not satisfied (“Yes” in step S7), the order input reception unit 12 treats the input order as an error and refuses to accept the order (step S10).

When the various conditions of the trend if-done order are satisfied (“No” in step S7), and it is determined that the order conditions satisfy all the conditions necessary for a limit order based on the trend-if-done order described above, The front page distribution unit 11 causes the display unit 22 of the client terminal 2 to display a confirmation screen (not shown). The confirmation screen (not shown) lists the order conditions entered and selected by the customer on the input screen 40, and is provided with an approval button (not shown) that is clicked if the listed contents are correct. ing.

When the customer clicks an approval button (not shown) by operating the operation unit 21, the order information generation unit 16 of the financial product transaction management device 1 generates order information based on the data input in step S1 (step S8). Specifically, a plurality of pieces of data input in the above procedure are summarized in units of order prices, and each piece of order information is assigned a sequence number to the order recorded in the sequence number table 184 for each piece of information. Form. At this time, information for distinguishing the sequence number used in the order information from an unused number is added to the sequence number table 184. The plurality of order information generated in one step S8 includes order information for a limit order of the same type of financial product at a first price, and order information for a limit order for a second price. A group (hereinafter simply referred to as an "order information group") is formed.

The order information generation unit 16 records the generated order information group in the order table 181 (step S9). The order information group is recorded in the order table based on the definition of each field shown in FIG. For example, the "ord_seq" field 181b is the definition of the sequence number assigned in step S8. The "cust_seq" field 181c is a customer number uniquely determined for each customer, and the "style_id" field 181d is a definition of a product name. The “ccy_pair_id” field 181e defines an ID number uniquely determined for each currency pair. This combination of ID number and currency pair is recorded in an ID table (not shown) provided separately in the database. The “ord_amnt” field 181f defines the amount entered in the order amount input field 408. The “buy_sell_id” field 181g defines whether it is a sell order or a buy order input using the buy/sell type selection button 402, and the “ord_rate” field 181h defines the value input using the first stop order price input field 404. The price is defined, and the order deadline selected by the expiration date selection button 409 is defined in the "limit_time" field 181i. The “ord_cond” field 181j defines the order type selected by the order type selection button 403. The “new_close” field 181k defines whether the order is a new order or a settlement order. The "trail_rate" field 181m defines the trail width input in the first trail width input field 405, and the "repeat_flag" field 181n defines whether to repeat the if-done order. Although not shown in FIG. 2, the order table 181 includes other data input on the input screen 40, including a first trail start price input field 406 and a stop loss width input field where the price of the stop loss width is input. A field defining column 407 is also provided. All data entered on the input screen 40 is recorded in the order table 181 using these fields. Through the above-described steps, the process of accepting a limit order based on an if-done order in the first embodiment is completed.

FIG. 5 is a diagram schematically showing a group of order information generated by the order information generation unit 16 and recorded in the order table 181. Note that the table shown in the figure is also displayed as an image on the display section 22 of the client terminal 2 by the front page distribution section 11.

As shown in FIG. 5, the order information group 1810A includes first-order order information 1811 for placing a stop-loss order for the first price, and "second-order order information" for placing a stop-loss order for the second price. It consists of first payment order information 1812 and second payment order information 1813. The first-order order information 1811 is order information with a high priority in the order of execution, and the "second order information" is order information with a low priority in the order of execution.

As shown in FIG. 5, first-order order information 1811, first settlement order information 1812, and second settlement order information 1813 include order information 181A as a serial number of the order, and customer order information 181A that is uniquely assigned to each customer. number 181B, currency pair information 181C for identifying the combination of currencies (mainly the combination of Japanese yen and foreign currency) to be bought and sold, and the position as the foreign currency position in one order (hereinafter simply referred to as "position"). Order amount information 181D as price information (same in this specification), order time information 181E as information on the time when the order was placed, and identify whether the order is a "sell order" or "buy order" Buying and selling direction information 181F as flag information, order price information 181G as "contract price information", order expiration date information 181H as information indicating the expiration date of each order information 1811, 1812, 1813, for example "market order" Order type information 181I as flag information that identifies the type of order such as "if-done order", whether each order information is a "new order" or "settlement order", and whether it is a "limit order" or "stop order" new/settlement information 181J as flag information for identifying whether it is a new transaction, trail width as information on the trail width (hereinafter simply referred to as "trail width") as the price difference between the market price of the exchange market and the price of the stop order. Width information 181K, trail start price information 181L as information on the market price at which to start a trailing order, stop loss width information 181M that defines the price difference between the first settlement order information 1812 and the second settlement order information 1813, each Order information 1811, 1812, 1813 is valid order information for a stop order (or limit order) that has already been placed, or invalid order information for a stop order (or limit order) that has not yet been placed. Valid/invalid information 181N as "valid/invalid identification information" which is flag information for identifying whether it is order information, and whether each order information 1811, 1812, 1813 is the first order information or the second order information. It has rank information 181P as flag information for identifying whether it is order information, and contract presence/absence information 181Q as flag information for identifying whether each order information is contracted. The second settlement order information 1813 includes order information 181A, customer number 181B, currency pair information 181C, order amount information 181D, order time information 181E, buy/sell direction information 181F, order price information 181G, order expiration date information 181H, and order type. It has information 181I, new/settlement information 181J, stop loss width information 181M, valid/invalid information 181N, and contract existence information 181Q as attribute information. These attribute information are based on information input from the input screen 40, and are recorded in the order table 181 based on the field definitions described above.

As shown in FIG. 5, each order information 1811, 1812, 1813 is provided with contract price information as order amount information 181D. As will be described later, the contract price specified in the order amount information 181D changes with changes in the market price based on trail width information 181K, trail start price information 181L, and stop loss width information 181M.

As shown in the valid/invalid information 181N in FIG. 5, all order information 1811, 1812, and 1813 are invalid order information (hereinafter simply referred to as "invalid") as stop orders when they are first generated. ing.

As shown in the new/settlement information 181J in FIG. 5, the first order information 1811 is generated as the order information for a new stop order, and the first settlement order information 1812 and the second settlement order information 1813 are for the settlement order. It is generated as order information for a stop order.

Note that if at least one of the price of the buy stop order and the price of the sell stop order is determined to be an inappropriate price in step S3 (“Yes” in step S3), or If the amount of money is less than the total order amount (“Yes” in step S5), the order input reception unit 12 treats the input order as an error and refuses to accept the order (step S10). That is, the order information 1811, 1812, 1813 shown in FIG. 5 is not generated, and the display unit 22 of the client terminal 2 displays text information indicating that the acceptance of the order has been rejected.

FIG. 6 is a flowchart showing the procedure for executing a buy-stop order after accepting a stop-loss order in the financial product transaction management device 1 of the first embodiment, and FIG. 8 is a flowchart showing the financial product transaction management device 1 of the first embodiment. 3 is a time chart showing the relationship between the market price and stop order processing in the device 1. FIG. The execution procedure will be explained below based on these figures.

After the reception is completed, the price information reception management unit 19 of the financial product transaction management device 1 continues to obtain information on the market price of the exchange rate (step S11). For example, as shown in Figure 8 (a), if the market price at the time of completion of acceptance is 1 dollar = 103.50 yen, the market price will fall and the buy stop order price (first stop order price input 1 dollar = 103.00 yen (the price entered in the field 404), and furthermore, the buy stop order trail starting price (the price entered in the first trail starting price input field 406) of 1 dollar = 102.50 yen. (step S12a), the execution information generation unit 14 converts the flag information of the valid/invalid information 181N of the first order information 1811 from “invalid” to “valid”, so that the buy stop order price is A buy stop order is placed at a certain value of 1 dollar = 103.00 yen (step S13). On the other hand, if the market price does not fall to the buy stop order trail start price after reaching the buy stop order price (step S12b), the execution information generation unit 14 determines whether the first order information 1811 is valid or not. The flag information of the invalid information 181N is not converted, and no buy stop order is placed (step S14).

As shown in FIG. 8(b), after step S13, if the market price further declines and reaches 101.50 yen per dollar (step S15a), the execution information generation unit 14 issues a buy stop order. The price is 1 dollar, which is 1 dollar = 103.00 yen ordered in step S13 minus 1.00 yen, which is the trail width of the buy stop order (the price entered in the first trail width input field 405). = 102.00 yen (step S16). That is, the order price information 181G of the first order information 1811 is changed from 1 dollar = 103.00 yen to 1 dollar = 102.00 yen.

On the other hand, if the market price reaches 1 dollar = 103.00 yen without falling to 1 dollar = 101.50 yen after step S13 (step S15b), the execution information generation unit 14 executes a buy stop order. The buy stop order price of 1 dollar = 103.00 yen placed in S13 is executed (step S17). That is, the contract information generation section 14 converts the flag information of the contract information 181Q of the first order information 1811 from "absent" to "present" along with the contract, and the account information generation section 15 converts margin information (described later) according to the buying and selling amount, and the deposit/withdrawal information generation unit 13 records the status of deposits and withdrawals in a list of deposits and withdrawals. Furthermore, when a contract is established, the contract information generation unit 14 causes the display unit 22 of the client terminal 2 to display text information indicating that the contract has been completed, and also controls the deposit and withdrawal of funds from the bank account of the client terminal based on the buying and selling price. (In the first embodiment, when a "contract" is made, the financial product transaction management device 1 performs the same processing.)

Note that in step S17, the execution information generation unit 14 generates the order information 1811 even if slippage (price difference between the ordered price and the executed price) occurs when executing the order information 1811 of the first rank. The order information 1811 of the first rank is executed. Specifically, for example, the contract information generation unit 14 not only applies when the market price is exactly 103.00 yen = 1 dollar, which was the order placed in step S13, but also when the market price is higher than 1 dollar = 103.00 yen (for example, The order information 1811 of the first order is set to be executed if the price range is between 1 dollar = 103.00 and 1 dollar = 103.50 yen or less. As a result, a contract is executed even when slippage occurs (the same applies to step S19, which will be described later).

Similarly, after step S16, if the market price further declines and reaches 100.50 yen per dollar (step S18a), the execution information generation unit 14 generates a buy stop order price using the same procedure as step S16. is changed to 1 dollar = 101.00 yen (not shown). That is, the order price information 181G of the first order information 1811 is changed from 1 dollar = 103.00 yen to 1 dollar = 102.00 yen (not shown).

On the other hand, as shown in FIG. 8(c), if the market price reaches 1 dollar = 102.00 yen without falling to 1 dollar = 100.50 yen after step S16 (step S18b), the execution information The generation unit 14 executes the buy stop order at the buy stop order price of 1 dollar = 102.00 yen placed in step S16 (step S19).

The above steps continue until the buy stop order is executed.

FIG. 7 is a flowchart showing the procedure for executing a sell stop order after accepting a stop order in the financial product transaction management device 1 of the first embodiment, and FIG. 5 is a time chart showing the relationship between market prices and stop order processing in the management device 1. FIG. The execution procedure will be explained below based on these figures and the above-mentioned FIG. 8.

When a buy stop order is executed at a specific price, for example, 1 dollar = 102.00 yen as shown in FIG. , by converting the flag information of the valid/invalid information 181N of the first settlement order information 1812 and the second settlement order information 1813 from "invalid" to "valid", the execution price of the buy stop order is 1 dollar. = 1 dollar, which is the amount obtained by subtracting 2.00 yen, which is the stop loss width (the price entered in the stop loss width input field 407 and recorded as the stop loss width information 181M) from 102.00 yen = 100.00 yen A sell stop order is placed (step S20).

After the process in step S20, the market price increases, and the market price is set to 1 dollar = 102.00 yen, which is the order price in step S20, and the sell stop order trail width (entered in the first trail width input field 405 and the trail When 1 dollar = 103.00 yen, which is the sum of 1.00 yen (price recorded in width information 181K) (step S21a), the execution information generation unit 14 generates the price of the sell stop order. is set to 1 dollar = 101.00 yen, which is the sum of 1 dollar = 100.00 yen, which is the price of the sell stop order placed in step S20, and 1.00 yen, which is the sell stop order trail width. change (step S22). That is, the order price information 181G of the second settlement order information 1813 is changed from 1 dollar = 100.00 yen to 1 dollar = 101.00 yen. On the other hand, if the market price does not rise to 1 dollar = 103.00 yen after step S20 but falls to 1 dollar = 100.00 yen (step S21b), the execution information generation unit 14 generates second settlement order information. 1813 is executed at the sell stop order price of 1 dollar = 100.00 yen placed in step S20 (step S23).

Note that in step S23, the execution information generation unit 14 executes execution of the first settlement order information 1812 and the second settlement order information 1813 even if slippage occurs when executing the second settlement order information 1813. I do. Specifically, for example, the contract information generation unit 14 not only applies when the market price is 1 dollar = 100.00 yen, which was the order placed in step S20, but also when the market price is lower than 1 dollar = 100.00 yen (for example, The second payment order information 1813 is set to be executed if the price is in a price range of 1 dollar = less than 100.00 yen (1 dollar = 99.90 yen or more). As a result, a contract is executed even when slippage occurs (the same applies to steps S25, S26, S29, and S31, which will be described later).

As shown in FIG. 9(d), if the market price further increases to 1 dollar = 104.00 yen after step S20 (step S24a), the execution information generation unit 14 performs the same procedure as step S22. The sell stop order price is changed to 1 dollar = 102.00 yen (step S25). On the other hand, if the market price does not rise to 1 dollar = 104.00 yen after step S22 but falls to 1 dollar = 101.00 yen (step S24b), the execution information generation unit 14 issues a sell stop order to step S22. The order is executed at the sell stop order price of 1 dollar = 101.00 yen (step S26).

The same procedure as steps S20 to S26 is repeated thereafter until the sell stop order is executed (steps S27a to S31). For example, as shown in FIG. 9(e), the market price increases to 1 dollar = 105.00 yen (step S27a), and the execution information generation unit 14 changes the price of the sell stop order from 1 dollar = 102.00 yen. After changing the price to 1 dollar = 103.00 yen (step S28), the market price does not rise to 1 dollar = 106.00 yen, but reaches 1 dollar = 103.00 yen, as shown in FIG. 9(f). If the price has fallen (step S30b), the execution information generation unit 14 executes a sell stop order at 1 dollar = 103.00 yen (step S31). When the sell stop order is executed, the execution information generation unit 14 converts the flag information of the execution presence/absence information 181Q of the first settlement order information 1812 and the second settlement order information 1813 from "absent" to "present", respectively. .

As a result, as shown in the time chart of (g1) in Figure 10, for example, after the market price falls below the buy stop order price at the time of placing the order (1 dollar = 103.00 yen in (g1) of Figure 10). , the market price is the buy stop order price at the time of execution (1 dollar = 102.00 yen in (g1) of Figure 10), the stop loss width (2.00 yen in (g1) of Figure 10) and the sell The price higher than the sum of the stop order trail width (1.00 yen in (g1) of Figure 10) (1 dollar = 105.00 yen in (g1) of Figure 10) ((g1 of Figure 10) ), the market price rises to more than 1 dollar = 106.00 yen), and then the market price falls again and is executed at a specific sell stop order price (1 dollar = 104.00 yen in (g1) of Figure 10). In this case, the customer can earn a profit equal to the sell stop order price at the time of execution minus the buy stop order price at the time of placing the order.

On the other hand, as shown in the time chart of (g2) in Figure 10, for example, after the market price has fallen below the buy stop order price at the time of execution (1 dollar = 102.00 yen in (g2) of Figure 10). Once the price rises to If the market price drops to .00 yen), customers can limit their trading losses to the amount calculated by subtracting the buy stop order price at the time of order placement from the sell stop order price at the time of execution, resulting in significant losses. You can avoid the situation.

In this first embodiment, after accepting a stop order, first order information 1811 and first settlement order information forming second order information for placing a stop order at a second price are provided. 1812 and the second settlement order information 1813, when there is a cancellation request as a request to cancel the order by operating the operation unit 21 of the client terminal 2, the contract information generation unit 14 cancels the order information 1811. , 1812, 1813 (and an order information group 1810B to be described later) are all deleted from the order table 181. Thereby, it is possible to prevent the system configuration of the financial product transaction management system 1A and the information processing in the system from becoming complicated, while further increasing the convenience for customers who use the financial product transaction management system 1A.

On the other hand, if the customer wishes to place a sell stop order for the same type of financial product at a first price and a buy stop order for a second price, the customer displays the display unit 22 of the client terminal 2. On the displayed trade selection screen (not shown), place a sell stop order for the same type of financial product (for example, a combination of US dollars and Japanese yen) at the "first price", and place a stop order at the "second price". Select a trade to place a buy stop order for. The customer then selects and inputs the data of the order details on the input screen 40 (step S1).

(b) of FIG. 4 shows that the financial product transaction management device 1 of the first embodiment executes a sell stop order for the "first price" and a "second price" for the same type of financial product. It is an image diagram of an input screen for placing a buy stop order. The figure shows various inputs and selections made when placing the same order.

In FIG. 4(b), select US dollar/Japanese yen (buying and selling US dollars with Japanese yen) using the desired currency pair selection button 401, select "Sell" using the buying/selling type selection button 402, Select "Trend If Done Order" with the order type selection button 403, enter 104.00 yen in the first stop order price input field 404, 1.00 yen in the first trail width input field 405, and enter the first trail start price input field. 104.50 yen is entered in 406, 2.00 yen is entered in stop loss width input field 407, 100,000 dollars is entered in order amount input field 408, and "weekend" is selected by expiration date selection button 409. ing.

When the selection button 410 is clicked in this state and the data input and selected on the input screen 40 is supplied to the financial instrument transaction management device 1, the steps from step S2 to step S10 shown in FIG. 3 are performed. be exposed. As a result, order information group 1810B shown in FIG. 11 is generated. As shown in the figure, order information group 1810B has the same data structure as order information group 1810A.

FIG. 12 is a flowchart showing the procedure for executing a sell stop order after accepting a stop order in the financial product transaction management device 1 of the first embodiment, and FIG. 14 is a flowchart showing the financial product transaction management device 1 of the first embodiment. 3 is a time chart showing the relationship between the market price and stop order processing in the device 1. FIG. The execution procedure will be explained below based on these figures.

After the reception is completed, the price information reception management unit 19 of the financial product transaction management device 1 continues to obtain information on the market price of the exchange rate (step S41). For example, as shown in Figure 14 (a), if the market price at the time of completion of acceptance is 1 dollar = 103.50 yen, the market price will rise and the sell stop order price (first stop order price input field 404) reaches 1 dollar = 104.00 yen, and further reaches the sell stop order trail starting price (price input in the first trail starting price input field 406) of 1 dollar = 104.50 yen. When the price increases (step S42a), the execution information generation unit 14 converts the flag information of the valid/invalid information 181N of the first order information 1811 from "invalid" to "valid", thereby determining the sell stop order price. A sell stop order of 1 dollar = 104.00 yen is placed (step S43). On the other hand, if the market price does not rise to the sell stop order trail start price after reaching the sell stop order price (step S42b), the execution information generation unit 14 determines whether the first order information 1811 is valid or not. The flag information of the invalid information 181N is not converted, and no sell stop order is placed (step S44).

As shown in FIG. 14(b), after step S43, if the market price further increases and reaches 1 dollar = 105.50 yen (step S45a), the execution information generation unit 14 issues a sell stop order. The price is set to 1 dollar, which is the sum of 1 dollar = 104.00 yen ordered in step S43 and 1.00 yen, which is the trail width of the sell stop order (the price entered in the first trail width input field 405). = 105.00 yen (Step S46) That is, the order price information 181G of the order information 1811 of the first rank is changed from 1 dollar = 104.00 yen to 1 dollar = 105.00 yen.

On the other hand, if the market price reaches 1 dollar = 104.00 yen without rising to 1 dollar = 105.50 yen after step S43 (step S45b), the execution information generation unit 14 executes a sell stop order. The order is executed at the sell stop order price of 1 dollar = 104.00 yen placed in S43 (step S47). Specifically, the same process as step S17 is performed. That is, the contract information generation section 14 converts the flag information of the contract information 181Q of the first order information 1811 from "absent" to "present" along with the contract, and the account information generation section 15 converts the margin information according to the buying and selling amount, and the deposit/withdrawal information generation unit 13 records the status of deposits and withdrawals in a list of deposits and withdrawals. Furthermore, when a contract is established, the contract information generation unit 14 causes the display unit 22 of the client terminal 2 to display text information indicating that the contract has been completed, and also controls the deposit and withdrawal of funds from the bank account of the client terminal based on the buying and selling price. Perform processing.

Note that in step S47, the contract information generation unit 14 executes a contract for the order information 1811 of the first rank even if slippage occurs when executing the order information 1811 of the first rank. Specifically, for example, the contract information generation unit 14 not only determines when the market price is exactly 104.00 yen = 1 dollar, which was the order placed in step S43, but also when the market price is lower than 1 dollar = 104.00 yen (for example, If the price range is less than 1 dollar = 104.00 yen or more than 1 dollar = 103.50 yen), the first order information 1811 is set to be executed. As a result, a contract is executed even when slippage occurs (the same applies to step S49, which will be described later).

Similarly, after step S46, if the market price further increases and reaches 1 dollar = 106.50 yen (step S48a), the execution information generation unit 14 generates a sell stop order price using the same procedure as step S46. is changed to 1 dollar = 106.00 yen (not shown). That is, the order price information 181G of the first order information 1811 is changed from 1 dollar = 105.00 yen to 1 dollar = 106.00 yen (not shown).

On the other hand, as shown in FIG. 14(c), if the market price reaches 105.00 yen per dollar without rising to 106.50 yen per dollar after step S46 (step S48b), the contract information The generation unit 14 executes the sell stop order at the sell stop order price of 1 dollar = 105.00 yen placed in step S46 (step S49).

The above procedure continues until the sell stop order is executed.

FIG. 13 is a flowchart showing the procedure for executing a sell stop order after accepting a stop order in the financial product transaction management device 1 of the first embodiment, and FIG. 5 is a time chart showing the relationship between market prices and stop order processing in the management device 1. FIG. The execution procedure will be explained below based on these figures and the above-mentioned FIG. 14.

When a sell stop order is executed at a specific price, for example, 1 dollar = 105.00 yen as shown in FIG. , by converting the flag information of the valid/invalid information 181N of the first settlement order information 1812 and the second settlement order information 1813 from "invalid" to "valid", the execution price of the sell stop order is 1 dollar. A buy stop order is placed for 1 dollar = 107.00 yen, which is the sum of 102.00 yen and the stop loss width of 2.00 yen (step S50).

After the process in step S50, the market price falls, and the market price is changed from the order price in step S50 of 1 dollar = 107.00 yen to the buy stop order trail width (input in the first trail width input field 405, and If 1 dollar = 106.00 yen, which is the amount after subtracting 1.00 yen (price recorded in width information 181K) (step S51a), the execution information generation unit 14 sets the price of the buy stop order. is set to 1 dollar = 106.00 yen, which is the amount obtained by subtracting 1.00 yen, which is the buy stop order trail width, from 1 dollar = 107.00 yen, which is the price of the buy stop order placed in step S50. change (step S52). That is, the order price information 181G of the second settlement order information 1813 is changed from 1 dollar = 107.00 yen to 1 dollar = 106.00 yen. On the other hand, if the market price rises to 1 dollar = 107.00 yen without falling to 1 dollar = 104.00 yen after step S50 (step S51b), the execution information generation unit 14 generates second settlement order information. 1813 is executed at the buy stop order price of 1 dollar = 107.00 yen placed in step S50 (step S53).

Note that in step S53, the execution information generation unit 14 executes execution of the first settlement order information 1812 and the second settlement order information 1813 even if slippage occurs when executing the second settlement order information 1813. I do. Specifically, for example, the contract information generation unit 14 not only determines when the market price is exactly 107.00 yen = 1 dollar, which was the order placed in step S50, but also when the market price is higher than 1 dollar = 107.00 yen (for example, If the price is between 107.00 yen per dollar and 107.10 yen or less), the second payment order information 1813 is set to be executed. As a result, a contract is executed even when slippage occurs (the same applies to steps S55, S66, S59, and S61, which will be described later).

As shown in FIG. 15(d), after step S50, if the market price further falls to 1 dollar = 103.00 yen (step S54a), the execution information generation unit 14 performs the same procedure as step S52. The buy stop order price is changed to 1 dollar = 105.00 yen (step S55). On the other hand, if the market price does not fall to 1 dollar = 103.00 yen after step S52 but rises to 1 dollar = 106.00 yen (step S54b), the execution information generation unit 14 issues a buy stop order to step S52. The order is executed at the buy stop order price of 1 dollar = 106.00 yen (step S56).

The same procedure as steps S50 to S56 is repeated thereafter until the buy stop order is executed (steps S57a to S61). For example, as shown in FIG. 14(e), the market price falls to 1 dollar = 102.00 yen (step S57a), and the execution information generation unit 14 changes the price of the buy stop order from 1 dollar = 105.00 yen. After changing the price to 1 dollar = 104.00 yen (step S58), the market price does not fall to 1 dollar = 101.00 yen and reaches 1 dollar = 104.00 yen, as shown in FIG. 15 (f). If the price has increased (step S60b), the execution information generation unit 14 executes a buy stop order at 1 dollar = 104.00 yen (step S61). When the buy stop order is executed, the execution information generation unit 14 converts the flag information of the execution presence/absence information 181Q of the first settlement order information 1812 and the second settlement order information 1813 from "absent" to "present", respectively. .

As a result, as shown in the time chart of (g1) in Figure 16, for example, after the market price rises higher than the sell stop order price at the time of placing the order (1 dollar = 104.00 yen in (g1) of Figure 10). , the market price changes from the sell stop order price at the time of execution to the stop loss width (2.00 yen in (g1) of Figure 10) and the buy stop order trail width (1 in (g1) of Figure 10). .00 yen) (in (g1) of Figure 10, 1 dollar = 101.00 yen), the market price rises again, and the specific buy stop order price ( In (g1) of Figure 10, if an execution is executed at 1 dollar = 103.00 yen), the customer will earn a profit equal to the sell stop order price at the time of placing the order minus the buy stop order price at the time of execution. I can do it.

On the other hand, as shown in the time chart of (g2) in Figure 16, for example, after the market price has risen higher than the sell stop order price at the time of execution (in (g2) of Figure 16, 1 dollar = 105.00 yen). , and then the sell stop order price at the time of execution plus the stop loss width (2.00 yen in (g2) of Figure 10) (1 dollar = 107 in (g2) of Figure 16) If the market price rises to .00 yen), the customer will be able to limit the loss due to trading by the amount calculated by subtracting the buy stop order price at the time of execution from the sell stop order price at the time of placing the order, so the customer will suffer a huge loss. You can avoid the situation.

As described above, in the first embodiment, the financial product transaction management device 1 includes an order input reception unit 12 that receives purchase and sale order application information transmitted from the client terminal 2 for ordering the purchase and sale of financial products, and An order information generation unit 16 that generates each order information 1811, 1812, 1813 for financial products based on the buying and selling order application information received by the input reception unit 12, and each order information 1811, 1812, generated by the order information generation unit 16, 1813, and the order information generation unit 16 generates order information of the first order for placing a stop order for the same type of financial product at a first price based on one buy/sell order application information. 1811, and order information groups 1810A and 1810B consisting of first settlement order information 1812 and second settlement order information 1813 for making a stop order for the second price, and each order information 1811, 1812 of the stop order is generated. , 1813 respectively, and provide valid/invalid information 181N for identifying valid order information and invalid order information for each individual order information 1811, 1812, 1813, Each order information 1811, 1812, 1813 is provided with order price information 181G that fluctuates with market price fluctuations, the first payment order information 1812 is provided with trail width information 181K, and the second payment order information 1813 is provided with trail width information 181K. Stop loss width information 181M is provided as information on a certain price difference between the market price and the second settlement order information 1813, and order information groups 1810A and 1810B are recorded in the order table 181, so that the client terminal 2 side By performing a single order procedure, it is possible to place an if-done order for the same type of financial product using two stop orders and a reserve trail order using a computer system. In futures trading of financial products, customers who use the system do not have to go through complicated order procedures, and even if future market conditions change unfavorably to the user, if-dan can always keep the amount of loss to a minimum. It becomes possible to place an order. Thereby, it is possible to improve the convenience for customers who use the system and to reduce the risk that customers incur when placing an if-done order.
The first embodiment includes a price information reception management unit 19 that acquires and manages market price information from a financial product exchange, and a contract information generation unit 14 that executes a contract for a financial product based on order information. , the contract information generation unit 14 sets the first order information 1811 among the order information groups 1810A and 1810B recorded in the order table 181 as valid order information, and also sets the first payment order information 1812 and the second payment order information as valid order information. The order information 1813 is invalid order information, and the contract information generation unit 14 generates a financial product based on the order information 1811 in the first order among the individual order information 1811, 1812, and 1813 forming the order information groups 1810A and 1810B. A trade is made, and along with the trade, a process is performed to change the first settlement order information 1812 and the second settlement order information 1813 from invalid order information to valid order information, and the current market price is the second order order information. By executing a financial product contract based on the second settlement order information 1813 when the contract price is reached, a customer using the financial product transaction management system 1A performs a complicated order procedure in a financial product futures transaction. It is possible to realize an if-done order that can always minimize the amount of damage even if the future market situation changes unfavorably to the user. Thereby, it is possible to improve the convenience for customers who use the system and to reduce the risk that customers incur when placing an if-done order.

In this first embodiment, the execution information generating unit 14 generates the order information of the first order even if slippage occurs when executing the order information 1811 of the first order and the order information of the second settlement order 1813. 1811 and the second settlement order information 1813, it is possible to easily execute the execution of the first order information and the second order information 1813, and further reduce the risk that the customer incurs when placing an if-done order. can.

In this first embodiment, the order information generating unit 16 standardizes the order contents by generating the first order information 1811 as the order information of a new stop order, and improves the information processing within the system. In addition to simplifying the system configuration by preventing complexity, it is possible to prevent order procedures from becoming complicated and further improve convenience for customers who use the system. In addition, by generating the first payment order information 1812 and the second payment order information 1813 as order information for a stop order for payment, the profit from the order generated by the first order information 1811 is transferred to the first payment order. The order information 1812 and the second payment order information 1813 are sequentially confirmed, thereby preventing the order procedure and information processing within the system from becoming complicated.

In this first embodiment, the order information 1811 of the first order has attributes of currency pair information 181C, buy/sell direction information 181F, order amount information 181D, trail width information 181K, trail start price information 181L, and valid/invalid information 181N. The first settlement order information 1812 has order price information 181G, trail width information 181K, and trail start price information 181L as attribute information, which is essential for identifying a stop order based on an if-done order. The first order information 1811 and the first settlement order information 1812 can be formed based on such information.

In this first embodiment, a customer account information table 182 is provided that records deposit balance information of a specific customer, and the order information generation unit 16 compares the deposit balance information with order price information 181G as attribute information of the order information. However, if the value of the deposit balance information is greater than or equal to the value of the order price information, by generating order information groups 1810A and 1810B, a stop-loss order based on an if-done order is accepted only when payment can be ensured, and a stop-loss order due to inability to pay is accepted. The system can be operated without any hindrance to commercial transactions.

In this first embodiment, the contract information generation unit 14 generates the first order information 1811, the first payment order information 1812, and the When there is a cancellation request as a request to cancel an order for any one of the two settlement order information 1813, a cancellation process that deletes all the order information group including the order information for which the cancellation request is made from the order table 181. By doing this, it is possible to prevent the handling of stop orders based on if-done orders from becoming complicated. As a result, it is possible to prevent the system configuration and the information processing in the system from becoming complicated while further increasing the convenience for customers who use the system.

In this first embodiment, since the financial product is foreign exchange, the present invention is applied to a financial product with a high demand for stop-loss orders based on if-done orders, thereby further increasing convenience for customers who use the system. I can do it.
[Embodiment 2 of the invention]
Embodiment 2 of the present invention is shown in FIGS. 17 to 22.

Embodiment 2 of the present invention is realized by a financial product transaction management system 1A (see FIG. 1) similar to that of Embodiment 1. The order information generation unit 16 of the financial product transaction management device 1 generates order information for placing a stop order to buy the same type of financial product at a first price, based on one buy/sell order application information, and a stop order for a second price. A group of order information consisting of order information for a sell stop order, order information for a sell stop order for the same type of financial product at a third price, and order information for a buy stop order for a fourth price. This embodiment differs from the first embodiment in that an order information group consisting of the following is generated. The other configurations are the same as in the first embodiment.

Next, a procedure for executing an if-done order using a stop order in the financial product transaction management system 1A of the second embodiment will be explained.

In this second embodiment as well, the procedures of steps S1 to S10 shown in FIG. 3 are performed.

A customer using the financial product transaction management system 1A accesses the financial product transaction management device 1 using the client terminal 2, and selects financial products of the same type using a transaction selection screen (not shown) displayed on the display unit 22. (for example, a combination of the US dollar and Japanese yen), place a buy stop order at the "first price," a sell stop order at the "second price," and a sell stop order at the "third price." Place a limit order and select a trade to place a buy stop order for the "fourth price." The front page distribution unit 11 of the financial product transaction management device 1 causes the display unit 22 of the accessed client terminal 2 to display an input screen for inputting the buying and selling conditions.

FIG. 17 shows how, in the second embodiment of the present invention, the financial product transaction management device 1 displays a buy stop order at the “first price” for the same type of financial product, which is displayed on the display unit 22 of the client terminal 2. 12 is an image diagram of an input screen for executing a sell stop order for a "second price," a sell stop order for a "third price," and a buy stop order for a "fourth price." The figure shows various inputs and selections made when placing the same order.

As shown in FIG. 17, the input screen 40 includes a desired currency pair selection button 401, an order type selection button 403, an order amount input field 408, an expiration date selection button 409, and a selection button similar to the input screen of Embodiment 1. 410 is displayed.

In addition, the input screen 40 also includes a first buy/sell type selection button 402a that displays the type of buy/sell of the limit order to be executed first, a buy stop order (new stop order) for the currency to be traded as the "first price" The first stop order price input field 404a is the "first order price input field" in which the first price of the buy stop order (buy stop order) is entered, and the amount of the trail width of the buy stop order is the "first price". is input into the first trail width input field 405a, and the second stop order trail start price input where the initial sell settlement price, which is the first price of the second order of the if-done order, is input as the "first price range". A field 411a, an order amount input field 408 for inputting the amount for placing a buy stop order as a "first price", and an expiration date selection button 409 are displayed.

Furthermore, the input screen 40 includes a second buy/sell type selection button 402b that displays the buy/sell type of the limit order to be executed first, and a sell stop order (new stop order) for the currency to be traded as the "third price". The third stop order price input field 404b serves as the "first order price input field" in which the first price of the sell stop order (sell stop order) is entered, and the amount of the trail width of the sell stop order as the "third price". is input into the second trail width input field 405b, and the fourth stop order trail start price input where the initial buy settlement price, which is the first price of the second order of the if-done order, is input as the "second price range". A column 411b is displayed.

The customer operates the operation unit 21 to select and input order content data on the input screen 40 (step S1). In FIG. 17, select US dollar/Japanese yen (buying and selling US dollars with Japanese yen) with the desired currency pair selection button 401, select "buy" with the first trading type selection button 402a, and place the order. Click the type selection button 403 to select ``Trend If Done OCO Order'' (in this second embodiment, generate two sets of order information groups for If Done orders using multiple stop orders for the same type of financial product, and then change the market price). (This refers to an order that executes only one set of order information based on the order information.)" and enter 103.00 yen and the first trail width in the first stop order price input field 404a. A state is shown in which 1.00 yen is entered in the field 405a and 99.50 yen is entered in the second stop order trail start price input field 411a. Also, in FIG. 17, when "Sell" is selected with the second trade type selection button 402b, 96.50 yen is entered in the third stop order price input field 404b, and 1.00 yen is entered in the second trail width input field 405b. , a state in which 97.50 yen has been input in the fourth stop order trail start price input field 411b is displayed. Further, FIG. 17 shows a state in which 100,000 dollars has been input in each order amount input field 408 and "weekend" has been selected with the expiration date selection button 409.

When the selection button 410 is clicked in this state and the data input and selected on the input screen 40 is supplied to the financial product transaction management device 1, the procedures from step S2 to step S10 shown in FIG. 3 are performed. In addition, in the inspection in step S2, the order input reception unit 12 determines whether the price of the buy stop order entered in the first stop order price input field 404a is the current exchange rate only if the customer suffers a disadvantage. Only when the price of the sell stop order input in the third stop order price input field 404b is higher than the price and lower than the current exchange rate price is determined to be an appropriate price in step S3. The order information group is generated by the above procedure.

FIG. 18 is a diagram schematically showing order information groups 1810C and 1810D recorded in order table 181 in this second embodiment. As shown in the figure, the order information group 1810C includes a desired buy/sell currency pair selection button 401, a first trade type selection button 402a, an order type selection button 403, a first stop order price input field 404a, and a first trail width input. This is "first order order information" formed based on the data selected and input in the field 405a, order amount input field 408, expiration date selection button 409, and second stop order trail start price input field 411a. It consists of first new order information 1811a and first settlement order information 1812a which is "second order information". In addition, the order information group 1810D includes a desired buying and selling currency pair selection button 401, a first buying and selling type selection button 402a, an order type selection button 403, a buying and selling desired currency pair selection button 401, a second buying and selling type selection button 402b, The order type selection button 403, the third stop order price input field 404b, the second trail width input field 405b, the order amount input field 408, the expiration date selection button 409, and the fourth stop order trail start price input field 411b are used to select and It consists of second new order information 1811b as "first order information" and second settlement order information 1812b as "second order information" formed based on input data. The first and second new order information 1811a and 1811b include initial settlement price information 181R formed by the input data of the initial sell settlement price input field 411a and the fourth stop order trail start price input field 411b. There is.

The above steps complete order acceptance. In this second embodiment, the order information generation unit 16 completes the ordering of the first order information 1811a and 1811b at the time when the acceptance of the order is completed. That is, as shown in FIG. 18, the flag information of the validity/invalidity information 181N of the first and second new order information 1811a, 1811b becomes "valid" at the time when the acceptance of the order is completed.

FIG. 19 is a flowchart showing the execution procedure after receiving a stop order in the financial product transaction management device 1 of this embodiment 2, and FIGS. 21 and 22 show the financial product transaction management device 1 of this embodiment 20 is a time chart showing the relationship between the market price and stop order processing in the processing procedure shown in the flowchart of FIG. 19 in the apparatus 1. FIG. These show how to handle the case where the market price falls after the acceptance of order information is completed. The execution procedure will be explained below based on these figures.

As shown in FIG. 21(a), upon completion of acceptance, the first new order information 1811b is placed at the price (96.50 yen) entered in the second stop order price input field 404b (step S71). Thereafter, the price information reception management unit 19 of the financial product transaction management device 1 continues to obtain information on the market price of the exchange rate. Then, as shown in FIG. 21(b), the market price, which was 98.50 yen per dollar at the time of completion of acceptance, falls and the sell stop order price (the price entered in the second stop order price input field 404b ) (step S72a), the execution information generation unit 14 sets the sell stop order price at the sell stop order price of $1 = 96.50 yen placed in step S71. The contract is executed (step S73). That is, the contract information generation section 14 converts the flag information of the contract information 181Q of the second new order information 1811b from "absent" to "present" together with the contract, and according to the instruction of the contract information generation section 14, the account information generation section 15 converts margin information (described later) according to the buying and selling amount, and the deposit/withdrawal information generation unit 13 records the status of deposits and withdrawals in a list of deposits and withdrawals. Furthermore, when a contract is established, the contract information generation unit 14 causes the display unit 22 of the client terminal 2 to display text information indicating that the contract has been concluded, and also controls the deposit and withdrawal of funds from the bank account of the client terminal based on the buying and selling price. (In the second embodiment, when a "contract" is executed, the financial product transaction management device 1 performs the same processing.)

Further, in step S73, the order information generation unit 16 converts the flag information of the valid/invalid information 181N of the second payment order information 1812b from "invalid" to "valid", as shown in FIG. 21(b). Accordingly, a buy stop order is placed at 1 dollar = 97.50 yen, which is the buy stop order price input in the fourth stop order trail start price input field 411b, and an order that is the other order information group 1810C is placed. A cancellation process is performed to delete the information 1811a and 1812a from the order table (step S73).

Furthermore, in step S73, the execution information generation unit 14 generates a contract even if slippage (referring to the price difference between the ordered price and the executed price) occurs when executing the first order information 1811a. The second new order information 1811b is executed. Specifically, for example, the contract information generation unit 14 not only determines when the market price is exactly 96.50 yen = 1 dollar, which was the order placed in step S71, but also when the market price is lower than 1 dollar = 96.50 yen (for example, The second new order information 1811b is set to be executed if the price falls below 96.50 yen to 95.50 yen or more. As a result, a contract is executed even when slippage occurs (the same applies to steps S77 and S80, which will be described later).
On the other hand, if the market price has not fallen to the sell stop order price (step S72b), the execution information generation unit 14 does not convert the flag information of the execution presence information 181Q of the second new order information 1811b, The sell stop order is not executed (step S74). Further, the flag information of the valid/invalid information 181N of the second payment order information 1812b is not converted, and the second payment order information 1812b is not ordered.

If the market price does not rise to 97.50 yen per dollar after the procedure of step S73 but falls to 95.50 yen per dollar (step S75a), as shown in (c) of FIG. The information generating unit 14 sets the sell stop order price from 1 dollar = 97.50 yen placed in step S73 to the trail width of the sell stop order (the price input in the second trail width input field 405b). 1 dollar = 96.50 yen (step S76), that is, the order price information 181G of the second payment order information 1812b is changed from 1 dollar = 97.50 yen to 1 dollar = 96.50 yen. Change to 50 yen.

On the other hand, if the market price does not fall to 95.50 yen per dollar after the procedure of step S73 but rises to 97.50 yen per dollar (step S75b), as shown in (c') of FIG. The execution information generation unit 14 executes the sell stop order at the sell stop order price of 1 dollar = 97.50 yen placed in step S73 (step S77).

Further, if the market price does not rise to 96.50 yen per dollar after the procedure of step S76 but falls to 94.50 yen per dollar (step S78a), the execution information generation unit 14 issues a sell stop order. The price is changed to 1 dollar = 95.50 yen, which is obtained by subtracting 1.00 yen, which is the trail width of the sell stop order, from 1 dollar = 96.50 yen changed in step S76 (step S79), and The order price information 181G of the second settlement order information 1812b is changed from 1 dollar = 96.50 yen to 1 dollar = 95.50 yen.

On the other hand, if the market price does not fall to 94.50 yen per dollar after the procedure of step S76 but rises to 96.50 yen per dollar (step S78b), as shown in (d) of FIG. The information generation unit 14 executes the sell stop order at the sell stop order price of 1 dollar = 96.50 yen placed in step S73 (step S80).

The above processing procedure is continued until the market price matches the settlement price, that is, the order price information 181G of the second settlement order information 1812b (step S79).

FIG. 20 is a flowchart showing the execution procedure after receiving a stop order in the financial product transaction management device 1 of the second embodiment. The procedure shown in FIG. 19 differs from the flowchart shown in FIG. 19 in that it shows the handling when the market price increases after accepting a stop order. The execution procedure will be explained below based on this diagram.

As shown in FIG. 20, after the acceptance is completed and the first new order information 1811a is placed at the price (100.50 yen) input in the first stop order price input field 404a (step S91), and , the market price, which was 98.50 yen per dollar when the acceptance was completed, has increased to 100.50 yen per dollar, which is the buy stop order price (the price entered in the first stop order price input field 404a). The processes after reaching 1 dollar = 100.50 yen (steps 92a to S93, S95 to S100) and the processes when 1 dollar = 100.50 yen (steps S92b, S94) are steps S72a to S73, steps S75 to S80, and steps S75 to S80. This is performed in a manner corresponding to the processing in S92b and S94. In addition, in step S93, the order information generation unit 16 starts the second stop order trail by converting the flag information of the valid/invalid information 181N of the second order information 1812a from "invalid" to "valid". A sell stop order is placed at the sell stop order price of 1 dollar = 99.50 yen input in the price input field 411a, and the order information 1811b and 1812b, which is the other order information group 1810D, is deleted from the order table. A cancellation process is performed (step S93).

By doing this, even if the market price of financial products rises or falls after each order information 1811a, 1812a, 1811b, 1812b is generated, the order information will match the market trend after it is generated. It is possible to conduct transactions using trend-if-done orders, and it is possible to reliably prevent transactions using trend-if-done orders that do not require market price fluctuations, further increasing the convenience of trading. .

As described above, in this second embodiment, the financial product transaction management device 1 includes an order input reception unit 12 that receives purchase and sale order application information transmitted from the client terminal 2 for ordering the purchase and sale of financial products, and An order information generation unit 16 that generates each order information 1811a, 1812a, 1811b, 1812b for financial products based on the buying and selling order application information received by the input reception unit 12; and each order information 1811a generated by the order information generation unit 16; 1812a, 1811b, and 1812b, the order information generation unit 16 is configured to generate a stop order to buy the same type of financial product at a first price based on one buy/sell order application information. first new order information 1811a, second settlement order information 1812a for placing a sell stop order at a third price, and second new order information 1812a for placing a sell stop order for the same type of financial product at a third price. 1811b, and order information groups 1810C and 1810D consisting of second settlement order information 1812b for placing a buy stop order for the fourth price, and place a stop order for the first price and the third price. The first and second settlement order information 1812a and 1812b rank the first and second new order information 1811a and 1811b in the first order, and place a stop order for the second price and the fourth price. A second rank is assigned to each order information, and valid/invalid information 181N is provided for identifying valid order information and invalid order information for each individual order information. Fluctuation order price information 181G is provided, trail width information is provided in the first and second payment order information 1812a, 1812b, and information on the price difference between the market price and the first and second payment order information 1812a, 1812b. By providing stop loss width information 181M as a stop loss width information and recording order information groups 1810C and 1810D in the order table 181, by performing one order procedure on the client terminal 2 side, the same type of financial product can be sold in one order. If-done orders using a sell stop order, one buy stop order, one buy stop order, one sell stop order, and a forward trail order can be placed using a computer system. In futures trading of financial products, customers who use the system do not have to go through complicated order procedures, and even if future market conditions change unfavorably to the user, if-dan can always keep the amount of loss to a minimum. It becomes possible to place an order. Thereby, it is possible to increase the convenience of customers who use the system in trading financial products, and to reduce the risk that customers incur when placing an if-done order.

In this second embodiment, when either one of the first new order information 1811a included in the order information group 1810C and the second new order information 1811b included in the order information group 1810D is executed, the other one is executed. Although the order information groups 1810D and 1810C are configured to be canceled, the first new order information 1811a included in the order information group 1810C and the second new order information included in the order information group 1810D are not limited to this. A configuration in which even if one of the order information groups 1811b is executed, the other order information group continues to exist and processing by the individual order information 1811a, 1812a, 1811b, 1812b included in both order information groups 1810C, 1810D is continued. It is also possible to do this.

In the second embodiment described above, the order information generation unit 16 is configured to complete the ordering of the first and second new order information 1811a and 1811b when the acceptance of the order is completed. Alternatively, the first new order information 1811a and 1811b, which are not ordered when the order is completed, can be ordered respectively if the market price after the completion of the order satisfies a predetermined condition. For example, as shown in FIG. 17, new order price input fields 412a and 412b are provided on the input screen 40, and the data entered in the input fields 412a and 412b are inputted into the order table 181 as shown in FIG. 1. Record the new order price information 181S of the second payment order information 1812a, 1812b, and enable/disable if the market price after the completion of order acceptance matches the price recorded in the new order price information 181S. Convert the flag information of the information 181N from "invalid" to "valid" and order the first and second new order information 1811a and 1811b, and at the same time start the trail of the first and second new order information 1811a and 1811b. It is also possible to have a configuration in which the Note that, as in the second embodiment, if the configuration is not such that the unordered first and second new order information 1811a and 1811b are ordered when the market price after completion of acceptance satisfies a predetermined condition, , the new order price input fields 412a, 412b of the input screen 40 shown in FIG. 17, and the new order price information 181S shown in FIG. 18 may not be provided.

In each of the above embodiments, one order information group 1810A, 1810B, 1810C, 1810D is formed each time one procedure is performed on the input screen 40 (every time the selection button 410 is clicked). However, a field is provided for inputting the number of order information groups (that is, the number of pairs of buy orders and sell orders), and each time the above procedure is performed, the same order information 1811, 1812, 1813 as the order information group 1810 is input. , 1811a, 1812a, 1811b, 1812b (for example, order information groups 1810a, 1810b, 1810c, . . . not shown) are formed, and transactions according to steps S11 to S31 are performed using order information. It is also possible to adopt a configuration in which processing is performed based on the order information group 1810a, then processing based on the order information group 1810b, then processing based on the order information group 1810c, etc., as many times as there are order information groups. As a result, it is possible to further improve convenience for customers who place an if-done order using a stop-loss order.

Although the financial product transaction management system 1A of each of the above embodiments handles foreign exchange as a financial product, the system is not limited to this, and may also be used as a financial product transaction management system that handles other financial products such as stocks and bonds. The present invention can also be applied to.

Note that the contract information generation unit 14 in the financial product transaction management system 1A of each of the above embodiments may be provided as the same server system with other components, or may be installed in another server system via the Internet 3. may be provided. Further, the financial product transaction management system 1A does not include at least one of the contract information generation section 14 and the order table 181, and the contract information generation section 14 and the order table 181 formed in an external system are not provided. A configuration may be adopted in which at least one of them performs the respective functions. As a result, the present invention can be applied to both so-called over-the-counter transactions and exchange transactions of financial products, thereby realizing support for a variety of transaction formats.

It goes without saying that each of the above-mentioned embodiments is an illustration of the present invention, and does not mean that the present invention is limited to each of the above-described embodiments.

1A...Financial product transaction management system 1...Financial product transaction management device 2, _{2 1} to 2 _n ...Client terminal 12...Order input reception unit (order input reception means)
14...Contract information generation unit (contract information generation means)
16...Order information generation unit (order information generation means)
19...Price information reception management department (market price information management means)
1810A, 1810B, 1810C, 1810D... Order information group 1811... First order information 1812... First payment order information (second order information)
1813...Second payment order information (second order order information)
1811a...First new order information (first order order information)
1811b...Second new order information (first order order information)
1812a...First payment order information (second order order information)
1812b...Second payment order information (second order order information)
181...Order table (order information recording means)
182...Customer account information table (customer account information recording means)
181C... Currency pair information 181D... Order amount information 181F... Buy/sell direction information 181G... Order price information (contract price information)
181H... Validity/invalidity information 181K... Trail width information 181L... Trail start price information 181M... Stop loss width information 181N... Valid/invalid information (valid/invalid identification information)

In order to solve this problem, the invention according to claim 1 is a financial product transaction management device that manages the purchase and sale transactions of financial products whose market prices fluctuate, the device comprising: an order input reception means for receiving application information; an order information generation means for generating order information for the financial product based on the buy/sell order application information received by the order input reception means; and an order information generation means for generating order information for the financial product based on the generated order information. execution information generating means for executing the buying and selling order of the financial product based on one of the buying and selling order application information; first order information as the order information for placing a buy order or a sell order at a first price that causes the execution information generation means to issue a command to execute the first order of the if-done order when the price exceeds the first order; and placing a sell order or a buy order at a second price, which is a price that causes the execution information generating means to issue a command to execute a second order of the if-done order when the price matches or exceeds the market price. generating second order information as said order information, said order information for making a buy order or a sell order at said first price, and/or said order for making a sell order or a buy order at said second price; The information includes information on a price range for changing the reference price for execution in response to fluctuations in the market price, and the execution information generating means adjusts the price range according to fluctuations in the market price. Based on the information, the price serving as the basis for execution of the first order and/or the second order is changed, and for the first order, the market price is one of the high price side and the low price side. side, the order price of the first order fluctuates to the price range set by the price range information, and the market price once matches the first price before the fluctuation . or exceed , and when the market price that has changed further matches or exceeds the first price after the change, an order to execute based on the first price after the change , and regarding the second order. , the market price changes to the high price side and the low price side , the order price of the second order changes to the price range set by the price range information, and the market price changes to the price range before the change . When the market price that matches or exceeds the second price once and then fluctuates matches or exceeds the second price after the fluctuation , based on the second price after the fluctuation. After the first order is executed at the first price after the change, the order information generation means executes an order to execute the order to execute a sell order or a buy order at the first price before the change. It is characterized by regenerating first order information as information .

The invention according to claim 3 is a financial product transaction management system for managing buy and sell transactions of financial products whose market prices fluctuate, the system comprising an order input reception system for receiving buy and sell order application information for placing buy and sell orders for the financial products. means for generating order information for the financial product based on the purchase and sale order application information received by the order input receiving means; and execution information generation means for executing an order, and the order information generation means executes the execution of the execution when the market price of the financial product matches or exceeds the market price of the financial product based on one of the buying and selling order application information. The first order information as the order information for placing a buy order or a sell order at the first price as the price at which the information generating means issues an instruction to execute the first order of the if-done order, and the market price . the second price, which is the price that causes the execution information generation means to issue a command to execute the second order of the if-done order, when the second price matches or exceeds the second order of the if-done order; 2. Generate order information, and add the order information for placing a buy or sell order at the first price and/or the order information for placing a sell or buy order at the second price at the market price. In response to fluctuations, information on a price range for changing the reference price for execution is provided, and the execution information generating means generates the information on the price range based on the information on the price range in accordance with fluctuations in the market price. The base price for execution of the first order and/or the second order is varied, and the market price for the first order fluctuates to one of the high price side and the low price side, and The order price of the first order fluctuates to the price range set by the price range information, the market price matches or exceeds the first price before the fluctuation , and the price further fluctuates. An instruction to execute an execution based on the first price after the change when the market price matches or exceeds the first price after the change , and for the second order, the market price is the high price. and the order price of the second order changes to the price range set by the price range information, and the market price changes relative to the second price before the change. execute an instruction to execute an execution based on the second price after the change when the market price that matches or exceeds the second price after the change matches or exceeds the second price after the change ; , the order information generating means generates first order information as the order information for placing a sell order or a buy order at the first price before the change after the first order is executed at the first price after the change. It is characterized by generating again .

According to the invention described in claims 1 and 3 , the first order of the if-done order is executed when the market price of the financial product matches or exceeds the market price of the financial product based on the one buy/sell order application information. The first order information is the order information for making a buy or sell order at the first price as the price at which the order is issued, and the second order is an if-done order when the price matches or exceeds the market price. Second order information is generated as order information for placing a sell order or a buy order at a second price as a price at which an order to execute is issued. Then, the order information for a buy order or a sell order at the first price and/or the order information for a sell order or a buy order at the second price is set as a standard for execution in response to market price fluctuations. Information on the price range that changes the price is provided . Then, as the market price fluctuates, the price, which is the standard for executing the first order and/or the second order, is varied based on the information on the price range . Ru. Then, for the first order, the market price changes to one of the high and low sides, the order price of the first order changes to the price range set by the price range information, and the market price changes. Once the market price matches or exceeds the first price before the change , and when the changed market price matches or exceeds the first price after the change , based on the first price after the change. Regarding the order to execute and the second order, the market price changes to the high and low sides, the order price of the second order changes to the price range set by the price range information, and the market price changes. When the market price matches or exceeds the previous second price once, and the changed market price matches or exceeds the second price after the change , an execution is executed based on the second price after the change. Execute the command to do . Then, after the first order is executed at the first price after the change, first order information is generated again as order information for placing a sell order or a buy order at the first price before the change . By performing one order procedure on the client terminal side, orders for the same type of financial product can be placed using the computer system. Then, based on the information on the price range , it is possible to change the price that is the basis for executing the first order and the second order. In futures trading of financial products, customers who use the system do not have to go through complicated order procedures, and even if future market conditions change unfavorably to the user, if-dan can always keep the amount of loss to a minimum. It becomes possible to place an order. Thereby, it is possible to increase the convenience of customers who use the system in trading financial products, and to reduce the risk that customers incur when placing an if-done order.

According to the invention described in claims 1 and 3, it is possible to change the price that is the standard for executing the first order and/or the second order based on the information on the price range .

Claims (4)

A financial product transaction management device that manages buying and selling transactions of financial products whose market prices fluctuate,
order input reception means for receiving purchase and sale order application information for placing a purchase and sale order for the financial product;
Based on the buying and selling order application information received by the order input receiving means,
order information generation means for generating order information for the financial product;
and execution information generation means for executing the buying and selling order of the financial product based on the generated order information,
The order information generating means, based on one of the buying and selling order application information,
When the market price of the financial product matches, the order makes a buy order or a sell order at a first price that causes the execution information generation means to issue a command to execute the first order of the if-done order. A sell order or Generate second order information as the order information for placing a buy order,
The order information for making a buy order or a sell order at the first price and/or the order information for making a sell order or a buy order at the second price, in response to a change in the market price, Trail width information is provided as information on the price range that changes the price that is the standard for execution,
The execution information generating means includes:
As the market price fluctuates, the base price for executing the first order and/or the second order is varied based on the trail width information;
Regarding the first order, the market price fluctuates to one of a high price side and a low price side, and the order price of the first order trails each of the trail widths set by the trail width information, An instruction to execute an execution based on the first price when the market price matches the first price once and the fluctuated market price matches the first price a predetermined number of times, one or more times. to carry out,
as well as,
Regarding the second order, the market price fluctuates to the other side of the high price side and the low price side, and the order price of the second order changes according to the trail width set by the trail width information. and when the market price matches the second price once and the fluctuated market price matches the first price a predetermined number of times, an execution is executed based on the second price. A financial product transaction management device characterized in that it executes an instruction to cause a transaction to occur. order information recording means for recording the first order information and the second order information as the order information generated by the order information generation means;
market price information management means for acquiring and managing information on market prices of the financial products;
The contract information generating means makes the first order, which is recorded in the order information recording means, for trading based on the first order information, as a valid order, and the second order for trading based on the second order information. as an invalid order,
The first order is executed based on the first order information, and together with the execution, the second order based on the second order information is changed from an invalid order to a valid order, and the current market price is changed. 2. An instruction to execute the second order based on the second price based on the second order information when the price reaches the second price. Financial product transaction management device. A financial product transaction management system that manages buying and selling transactions of financial products whose market prices fluctuate,
order input reception means for receiving purchase and sale order application information for placing a purchase and sale order for the financial product;
Based on the buying and selling order application information received by the order input receiving means,
order information generation means for generating order information for the financial product;
and execution information generation means for executing the buying and selling order of the financial product based on the generated order information,
The order information generating means, based on one of the buying and selling order application information,
When the market price of the financial product matches, the order makes a buy order or a sell order at a first price that causes the execution information generation means to issue a command to execute the first order of the if-done order. A sell order or Generate second order information as the order information for placing a buy order,
The order information for making a buy order or a sell order at the first price and/or the order information for making a sell order or a buy order at the second price, in response to a change in the market price, Trail width information is provided as information on the price range that changes the price that is the standard for execution,
The execution information generating means includes:
As the market price fluctuates, the base price for executing the first order and/or the second order is varied based on the trail width information;
Regarding the first order, the market price fluctuates to one of a high price side and a low price side, and the order price of the first order trails each of the trail widths set by the trail width information, An instruction to execute an execution based on the first price when the market price matches the first price once and the fluctuated market price matches the first price a predetermined number of times, one or more times. to carry out,
as well as,
Regarding the second order, the market price changes to the other side of the high price side and the low price side, and the order price of the second order changes to the trail width according to the trail width set by the trail width information. and when the market price matches the second price once and the fluctuated market price matches the first price a predetermined number of times, an execution is executed based on the second price. A financial product transaction management system characterized by executing an instruction to cause a transaction to occur. A program that causes a computer to function as the financial product transaction management device according to claim 1 or 2.

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