JP6779160B2 - Financial product transaction management device, financial product transaction management system, financial product transaction management method in financial product transaction management system, program - Google Patents

Description

The present invention relates to a technique for managing and supporting transactions of various financial products. The present invention can be applied to devices and the like that manage and support transactions of various financial products.

Market orders (trade at the market price at the time of ordering) as a trading method for various financial products whose market prices fluctuate, such as stocks, bonds, investment trusts, real estate investment trusts, commodities (commodities), foreign exchange, and stock indexes. (Order form) and limit order (a form in which a transaction is made when the market price reaches a predetermined price) and the like are known. Conventionally, there are known inventions in which transactions by these order forms, for example, limit orders, are performed using a computer system (see, for example, Patent Document 1). That is, in the present invention, an order for a financial product having a position set at a preset price is placed, and when the market price of the financial product reaches this price, the order is executed to execute a transaction.

Japanese Unexamined Patent Publication No. 2006-99787

Here, for example, the supply and demand for buying and selling financial products do not always match. In addition, when buying an ordered financial product, the amount of funds may be insufficient for the ordered amount. Therefore, for orders for financial products ordered, it is not always possible to execute all the order quantities of the ordered orders, and only some of the ordered orders are executed (such an execution form is called "" It is referred to as "partial contract". The same shall apply hereinafter in this specification.) In addition, when the market price of a financial product fluctuates around an arbitrary price range, there may be a demand for continuous transactions centered on this price range in chronological order. However, in the above-mentioned Patent Document 1, it is not possible to deal with the case where all orders cannot be executed, and the trader has to place an order many times when continuously trading in an arbitrary price range. , There is a problem that the labor required for the trader to trade becomes excessive.

The present invention has been made in view of such a problem, and is a financial product transaction management device and finance that can allow a trader to appropriately operate a transaction form including a partial contract in a transaction of a financial product performed by using a computer system. The challenge is to provide transaction management methods for commodity transaction management systems and financial instrument transaction management systems.

In order to solve such a problem, the invention according to claim 1 is a financial product transaction management device for trading financial products whose market price fluctuates, and is order information for generating order information for ordering financial products. The generation means and the contract management means for managing the contract of the financial instrument are provided, and the contract management means settles the first order and the position that the first order contracts and holds by the contract based on the order information. When a second order is formed and only a part of the first order and / or the second order satisfies the conditions of execution, the first order satisfying the conditions and the other first order satisfy the conditions. It is characterized in that one order and / or the second order satisfying the conditions and the other second order are split.

The invention according to claim 2 is, in addition to the configuration according to claim 1, the contract management means, when the first order is filled, or at a predetermined timing after the first order is filled, or , When the second order is executed, or at a predetermined timing after the second order is executed, the second order is executed in response to the executed first order. It is characterized in that it is divided into a part of the second order to be executed and a part of the second order which is not executed in response to the executed first order.

The invention according to claim 3 has, in addition to the configuration according to claim 1 or 2, the contract management means, when only a part of the first order is filled, the first order is placed. When one order is executed, or at a predetermined timing after the first order is executed, or when the second order is executed to settle the position held by the first order by the execution, or , At a predetermined timing after the second order is executed, the first order is divided into the executed first order and the unfilled first order. To do.

In the invention according to claim 4, in addition to the configuration according to any one of claims 1 to 3, in the contract management means, the order information forms a first order and a second order, respectively. When only a part of the first order is executed and holds the position, the part of the first order holding the position, or the first order before the first order of the part is split, and the above It is characterized in that the position of the first order in which the position is held is associated with the second order in which the position is settled by a contract.

The invention according to claim 5 has the configuration according to any one of claims 1 to 4, and the order information generating means is for ordering the first order and the second order, respectively. Is generated, the holding of the position based on the order information of the first order and the settlement of the position based on the order information of the second order are repeatedly performed, and the execution management means is repeatedly generated. With respect to one order and the second order, if only a part of the first order and / or the second order before the repetition is performed, the first order and / or the second order to be repeated is executed. The order is characterized in that the distinction between the executed order and the unfilled order before the repetition is maintained.

The invention according to claim 6 is, in addition to the configuration according to claim 5, the order information generating means as order information for ordering the first order and the second order at a plurality of prices. The execution management means generates a plurality of price ranges between the price of the first order and the price of the second order corresponding to the first order, and at least one of the plurality of price ranges. It is characterized in that the first order and the second order are repeatedly performed in one price range.

The invention according to claim 7, in addition to the configuration according to claim 6, the order information generating means has one or more said prices in a price range formed between a specific upper limit price and a specific lower limit price. It is characterized by setting a band.

The invention according to claim 8 has the configuration according to any one of claims 1 to 7, and the order information generating means uses the order information as the first order, and the first order receives the order information. With respect to the first order price set as the reference price for holding a position, the market price falls or rises above the first order price and then becomes equal to or less than the first order price again. The market price is set with respect to the second order price, which is set to hold the position later and the order information as the second order is set as a reference price for closing the position by the second order. Is set to settle the position after rising or falling beyond the second order price and then again below or above the second order price, and the order information which is the second order is The order information, which is the second order, includes trail width information, and is characterized in that the order information is set to move in an ascending direction or a descending direction based on the trail width information.

The invention according to claim 9 is, in addition to the configuration according to any one of claims 1 to 8, a contract information generating means for executing the order information after the order information matches a predetermined market price. It is characterized by being prepared.

The invention according to claim 10 provides, in addition to the configuration according to claim 9, a fund management means for managing fund information as information on the balance of funds in a predetermined account of a trader who trades the financial product. The contract information generating means confirms the fund information, and if the balance of the funds is less than the amount required for the contract of the financial instrument, the contract information generation means of the order based on the order information ordered at the same price. It is characterized in that only a part of the above orders are executed.

The invention according to claim 11 is a financial product transaction management system for trading financial products whose market price fluctuates, the order information generation means for generating order information for ordering financial products, and the financial product. The contract management means is provided with a contract management means for managing the contract, and the contract management means forms a first order based on the order information and a second order for closing the position held by the first order by the contract. If only a part of the first order and / or the second order meets the conditions of the contract , the first order satisfying the conditions and the other first order and / or It is characterized in that the second order satisfying the conditions and the other second order are split.

The invention according to claim 12 is a financial product transaction management method in a financial product transaction management system for trading financial products whose market price fluctuates, and is an order information generation for generating order information for ordering financial products. It includes a procedure and a contract management procedure for managing the contract of the financial product. In the contract management procedure, the first order and the position held by the first order are settled by the contract. If only a part of the first order and / or the second order satisfies the conditions of the contract , the first order satisfying the conditions and the other said second order are formed. It is characterized in that the first order and / or the second order satisfying the conditions and the other second order are split.

The invention according to claim 13 is a program that causes a computer to function as the financial instruments transaction management device according to any one of claims 1 to 10 or the financial instruments transaction management system according to claim 11. It is a feature.

According to the invention of claim 1, claim 11, and claim 12, when only a part of the first order is filled, a specific second order can be split. As a result, in the transaction of financial products performed using a computer system, the trader can appropriately operate the transaction form including the partial contract.

According to the invention of claim 2, when only a part of a specific first order is filled, the specific second order can be split at a timing suitable for the cause or situation in which only a part is filled. it can. As a result, it is possible to appropriately manage and operate transactions including partial contracts.

According to the invention of claim 3, when only a part of the specific first order or the second order corresponding to the specific first order is executed, only a part of the second order is executed. A particular first order can be split at the right time. As a result, it is possible to appropriately manage and operate transactions including partial contracts.

According to the invention of claim 4, a part of the first order holding a position, or a first order before the division occurs in the case where the first order of the part is divided, and the first order to be settled. It is possible to make the trader appropriately operate the transaction form including the partial contract in correspondence with the second order of the department.

According to the invention of claim 5, by repeating the holding of a position and the settlement of the held position, it is possible to provide a continuous trading opportunity and provide an opportunity to obtain a lot of profits. In addition, when only a part of the first order and / or the second order is filled in the repetition of the first order and the second order, the classification of the filled order and the unfilled order before the repetition is divided. By maintaining the mode, in a configuration in which the first order and the second order are repeated, the first order and / or all the first orders when only a part of the second order is executed, and / Alternatively, the trader can appropriately operate the transaction form including the partial execution of the second order.

According to the invention of claim 6, a price range is set, and in each price range, the first order that can be partially executed and / or the second order that can be partially executed are repeated. By doing so, it provides an opportunity to make a lot of profits by providing continuous trading opportunities in the price range, and only a part of the first order and / or the second order is executed in each price range. For all the first order and / or the second order in the case, the trader can appropriately operate the transaction form including the partial execution.

According to the invention of claim 7, one or a price range is set in the price range formed between the specific upper limit price and the specific lower limit price, and only a part of the price is executed in each price range. The first order and / or the second order, which can only be partially executed, can be repeated.

According to the invention of claim 8, the order information as the first order and the order information as the second order are obtained after the market price falls or rises beyond the first order price and the second order price. Since it is set to execute after the first order price or the second order price is equal to or less than the first order price again, the price is close to the price at which the falling market turns to the rising market or the price at which the rising market turns to the falling market. It is possible to increase the possibility of being able to do so and to have the possibility of making a large profit from the transaction. As a result, it is possible to provide an opportunity to obtain many profits in the trading of financial products using a computer system. In addition, trail width information is provided in the order information as the second order, and the order information which is the second order moves in the ascending direction or the descending direction based on the trail width information, so that the first order and the first order can be performed once. (Ii) The profit obtained from the sales transaction with the order can be increased.

According to the invention of claim 9, the order can be executed based on the generated order information, and the transaction of the financial product can be surely performed.

According to the invention of claim 10, only the order having the funds necessary for the execution of the financial product is executed, and only a part of the orders is executed, and the damage exceeding the amount of funds is generated. It can be deterred to secure transactions.

According to the invention of claim 13, the present invention can be constructed in various computers and various computer systems.

It is a block diagram which conceptually shows the structure of the financial instrument transaction management system, the 1st financial instrument transaction management apparatus, and the 2nd financial instrument transaction management apparatus which concerns on Embodiment 1 of this invention. It is a figure which shows the field definition of the order table stored in the 2nd financial instruments transaction management apparatus shown in FIG. It is a conceptual diagram which shows typically the basic operation of the partial contract in the financial instrument transaction management system and the 1st and 2nd financial instrument transaction management apparatus which concerns on Embodiment 1. FIG. The same is a conceptual diagram schematically showing the basic operation of partial contracts in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a conceptual diagram schematically showing the basic operation of partial contracts in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a conceptual diagram schematically showing the basic operation of partial contracts in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a conceptual diagram schematically showing the basic operation of partial contracts in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a conceptual diagram schematically showing the basic operation of partial contracts in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a conceptual diagram schematically showing the basic operation of partial contracts in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a conceptual diagram schematically showing the basic operation of partial contracts in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a conceptual diagram schematically showing the basic operation of partial contracts in the financial instrument transaction management system and the first and second financial instrument transaction management devices. It is a flowchart which shows the processing procedure at the time of placing an order in the financial instruments transaction management system shown in FIG. FIG. 5 is a conceptual diagram schematically showing a transaction display screen shown on a display unit of a client terminal in the financial instrument transaction management system and the first and second financial instrument transaction management devices according to the first embodiment. It is a conceptual diagram which shows typically the transaction display screen which is shown in the display part of the client terminal in the financial instrument transaction management system and the 1st and 2nd financial instrument transaction management devices. It is a conceptual diagram which shows typically the transaction display screen which is shown in the display part of the client terminal in the financial instrument transaction management system and the 1st and 2nd financial instrument transaction management devices. It is a table and chart which schematically show order information and order order / execution at the time of a transaction in the financial instrument transaction management system and the 1st and 2nd financial instrument transaction management apparatus which concerns on Embodiment 1. The same is a table and a chart schematically showing order information and ordering / execution of an order when a transaction is performed in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a table and a chart schematically showing order information and ordering / execution of an order when a transaction is performed in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a table and a chart schematically showing order information and ordering / execution of an order when a transaction is performed in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a table and a chart schematically showing order information and ordering / execution of an order when a transaction is performed in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a table and a chart schematically showing order information and ordering / execution of an order when a transaction is performed in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a table and a chart schematically showing order information and ordering / execution of an order when a transaction is performed in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a table and a chart schematically showing order information and ordering / execution of an order when a transaction is performed in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a table and a chart schematically showing order information and ordering / execution of an order when a transaction is performed in the financial instrument transaction management system and the first and second financial instrument transaction management devices. The same is a table and a chart schematically showing an order information when a transaction is performed in the financial instrument transaction management system and the first and second financial instrument transaction management devices, and a first modification example of ordering / execution of an order. The same is a table and a chart schematically showing order information when a transaction is performed in the financial instrument transaction management system and the first and second financial instrument transaction management devices, and a second modification example of ordering / execution of an order. 3 is a table and a chart schematically showing order information and ordering / execution of an order when a transaction is performed in the financial instrument transaction management system and the first and second financial instrument transaction management devices according to the second embodiment. The same is a table and a chart schematically showing order information and ordering / execution of an order when a transaction is performed in the financial instrument transaction management system and the first and second financial instrument transaction management devices. 3 is a table and a chart schematically showing order information and ordering / execution of an order when a transaction is performed in the financial instrument transaction management system and the first and second financial instrument transaction management devices according to the third embodiment. 6 is a table and a chart schematically showing order information and ordering / execution of an order when a transaction is performed in the financial instrument transaction management system and the first and second financial instrument transaction management devices according to the fourth embodiment.

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

[System configuration]
FIG. 1 is a system configuration diagram and a functional block diagram of the financial instrument transaction management system of the first embodiment. As shown in the figure, the financial instrument transaction management system 1A has a first financial instrument transaction management device 1 as a “financial instrument transaction management device” and a second financial instrument transaction management as a “financial instrument transaction management device”. The device 2 and n (n ≧ 1) client terminals 3 _{1 to} 3 _n are provided, and the first financial instrument transaction management device 1 and the client terminals 3 _{1 to} 3 _n are WAN (Wide Area). It is possible to communicate with each other via the Internet 4 as a Network). Further, the first financial instrument transaction management device 1 and the second financial instrument transaction management device 2 can communicate with each other by the dedicated line 5. However, the second financial instrument transaction management device 2 is connected to the Internet 4, and the first financial instrument transaction management device 1 and the second financial instrument transaction management device 2 are configured to be communicable via the Internet 4. You may. The financial product transaction management system 1A of the first embodiment handles various financial products such as a stock price index.

The first of the financial product transaction management device 1 is a server computer dealers of financial instruments to carry out financial instruments exchange and (later) the transaction is operational and management, Web server function and the client terminal customer 3 _1, ..., A function of receiving an order for a financial product placed using 3 _n and communicating information with a second financial product transaction management device 2 to place an order, and a client terminal 3 _{1 for} information on a executed order. ,..., has a function, and the like to be displayed on the customer send it to 3 _n.

Further, the first financial instrument transaction management device 1 associates the first order with the second order, etc., and the corresponding first order, second order, etc. are transmitted by the second financial instrument transaction management device 2. It is transmitted to the second financial instrument transaction management device 2 in a state suitable for the processing of. Further, the first financial instrument transaction management device 1 corresponds to the orders, contracts, information, partial contracts, etc. of the first order and the second order received from the second financial instrument transaction management device 2. Record as the status of the first order, second order, etc. In addition, the first of the financial product transaction management device 1, the first order and second order such as the client terminal 3 ₁ which is made to _correspond, ..., to display to the customer sent to 3 _n. The details of the "first order" and "second order" described here will be described later.

The second financial instruments transaction management device 2 is a financial instruments exchange (a financial instruments membership corporation that opens a financial instruments market with a license from the Prime Minister, as stipulated in Article 2, Paragraph 16 of the Financial Instruments and Exchange Act). A corporation. It is a server computer managed and operated by (hereinafter simply referred to as "financial instruments exchange"), etc., and has a Web server function, a function to execute orders for ordered financial products, and a large amount of data. It has a database function to save data.

Specifically, the second financial product transaction management device 2 orders financial products based on the information received from the first financial product transaction management device 1 and the client terminals 3 ₁ , ..., _{3n and the} like. And make a contract. Further, the second financial instrument transaction management device 2 records and manages information on ordered orders and executed orders, and manages information on ordered orders and executed orders in the first financial instrument transaction management device 2. It is transmitted to the device 1, the client terminal 3 ₁ , ..., 3 _n, etc.

The first financial instrument transaction management device 1 and the second financial instrument transaction management device 2 may be server computers managed and operated by both financial instruments exchanges, or both financial instruments exchanges. It may be a server computer managed and operated by a dealer of financial products that does not deal with. In the latter case, the operator who manages and operates the first financial instrument transaction management device 1 and the operator who manages and operates the second financial instrument transaction management device 2 may be the same operator. It may be a separate dealer. Further, the first financial instrument transaction management device 1 and the second financial instrument transaction management device 2 have a configuration that does not go through the Internet 4, for example, a configuration provided in the same LAN (Local Area Network) or the same configuration. It may be a configuration constructed as a computer system, or the like.

Client terminals 3 ₁ , ..., 3 _n are communication terminals having a data communication function possessed and used by individuals or corporations that buy and sell financial products, such as personal computers, tablets, smartphones, and mobile phone terminals. Corresponds to this. The client terminal 3 ₁ , ..., 3 _n consists of an operation unit 31 ₁ , ..., 31 _n , an LCD (Liquid Crystal Display), etc. used for inputting various instructions such as a mouse and a keyboard. _{It has} a display unit 32 ₁ , ..., 32 _n as an "information display means" for displaying various instructions and various images input from ₁ , ..., 31 _n . However, the operation unit 31 ₁ , ..., 31 _n and the display unit 32 ₁ , ..., 32 _n are touch panels and the like operated by the operator touching or moving a finger, a stylus, or the like to the screen. It may be configured as.

Since the client terminals 3 ₁ , ..., 3 _n , the operation unit 31 ₁ , ..., 31 _n , and the display unit 32 ₁ , ..., 32 _n have the same configuration, it is necessary to distinguish them below. Except in certain cases, the client terminal 3, the operation unit 31, and the display unit 32 are used.

Although not shown in FIG. 1, each of the first financial product transaction management device 1, the second financial product transaction management device 2, the client terminal 3 ₁ , ..., 3 _n has at least one CPU (Central Processing Unit). Unit, central processing unit), RAM (Random Access Memory) that functions as a CPU work area, ROM (Read) that records boot programs for booting, etc.
Only Memory), auxiliary storage devices such as hard disks on which various programs and data are recorded, communication interfaces used for sending and receiving data, and the like are provided. OS (Operating System) programs, various application programs, data recorded in the database, etc. are recorded in the auxiliary storage device, and these programs and data cooperate with hardware resources by the arithmetic processing of the CPU. To realize various functions.

The first financial product transaction management device 1 and the second financial product transaction management device 2 may be formed by one server computer or may be formed by a plurality of network computer systems.

As shown in FIG. 1, the first financial instrument transaction management device 1 has a data processing unit 10 as a functional means realized based on the above-mentioned various programs and hardware resources.

The data processing unit 10 performs processing such as generation and processing of various data used in the first financial product transaction management device 1, and further, a front page distribution unit 11 and an order input reception unit 12 as functional means. Deposit / withdrawal information management unit 13, account information management unit 14 as "fund management means", order information generation unit 15 as "order information generation means", contract management unit 16 as "contract management means", database connection base It has 17 and a database 18.

The front page distribution unit 11 creates data to be displayed on the display unit 32 of the client terminal 3, and transmits the created data to the client terminal 3.

The order input receiving unit 12 receives data related to various orders input from the client terminal 3 and performs various processes necessary for completing an order for a financial product.

The deposit / withdrawal information management unit 13 receives a deposit / withdrawal request from the client terminal 3 and manages a list of deposits / withdrawals based on the request.

The account information management unit 14 has a function of managing the deposit balance information of the customer (agreeing with the "trader"; the same applies in this specification) as fund information (that is, information for confirming that the order can be executed). Have. The information on the deposit balance generated by the account information management unit 14 regularly matches the information on the customer's actual deposit balance provided by a financial institution such as a bank in order to be consistent with the actual deposit balance. Be matched.

The order information generation unit 15 generates information regarding an order for a financial product based on the information processed by the order input reception unit 12. The orders here include so-called market orders, limit orders, stop orders, as well as ifdan orders.

The contract management unit 16 manages contracts of financial products. Specifically, the contract management unit 16 communicates with the contract information generation unit 25, which will be described later, and causes the display unit 32 of the client terminal 3 to display the order executed by the contract information generation unit 25. Further, specifically, the execution management unit 16 records the order information of the executed order in the order table 181 (described later) of the database 18, or corrects or adds the data of the order information recorded in the order table 181. Performs various processes such as deletion and deletion, and various processes necessary for searching, sending, receiving, and searching recorded order information. Further, the contract management unit 16 tells the contract information generation unit 25 whether or not to perform a partial contract described later, based on the input by the operation unit 31 of the client terminal 3 and the predetermined order conditions. ) May be provided for processing and the like.

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

The database 18 records the data used in the first financial instrument transaction management device 1. The database 18 in the first embodiment is formed by a relational database, but any format may be used as long as it is suitable for recording or rewriting a large amount of data such as an object database. The database 18 contains an order table 181 as an "order information recording means", a customer account information table 182 as a "customer account information recording means", a financial product order condition table 183, a sequence number table 184, a contract information table 185, and a position. Information table 186 is recorded.

Information about the account for each customer is recorded in the customer account information table 182. The financial instrument order condition table 183 records the order conditions of the financial instrument for which the order is accepted. A sequence number uniquely assigned to each order information (described later) is recorded in the sequence number table 184. Information about the executed order is recorded in the execution information table 185. The position information table 186 records information about the positions that the first order has filled and held. The details of the order table 181 will be described later.

As shown in FIG. 1, the second financial instrument transaction management device 2 has a data processing unit 20 as a functional means realized based on the above-mentioned various programs and hardware resources. The data processing unit 20 performs processing such as generation and processing of various data used in the second financial instruments transaction management device 2, and further, as a functional means, receives price information as a "market price information management means". It has a management unit 21, a deposit / withdrawal information generation unit 22, an account information generation unit 23, an order information management unit 24, a contract information generation unit 25 as a "contract information generation means", a database connection base 26, and a database 27. ..

The price information reception management unit 21 acquires information about the price of the financial product handled by the second financial product transaction management device 2, and receives the acquired information from the data processing unit 20, the data processing unit 10, and the client terminal 3. Perform the processing and management necessary for use in. In the first embodiment, the price information reception management unit 21 periodically acquires, records, and manages market price information. The deposit / withdrawal information generation unit 22 generates a list of deposits / withdrawals for each customer, and supplies the deposit / withdrawal information to the deposit / withdrawal information management unit 13. The account information generation unit 23 generates deposit balance information for each customer and supplies the account information to the account information management unit 14.

The order information management unit 24 generates order information based on the information regarding the order of the financial product generated by the order information generation unit 15 of the first financial product transaction management device 1, and the database based on the generated order information. It has a function of creating 27 order tables 271 and managing the data of the order table 271 (creating, modifying, deleting data, etc.).

The contract information generation unit 25 performs a contract process based on the order generated by the order information generation unit 15 and a process for sending information regarding the completed contract process to the client terminal 3 of the customer. The term "contract" as used herein refers to various procedures and processes for establishing a sale or purchase of a financial product based on a customer's order. As will be described later, when the contract is established in the first embodiment, the financial product is bought and sold, and as a result, the account information generation unit 23 and the account information management unit 14 convert the fund information (described later) according to the transaction amount. Further, the deposit / withdrawal information generation unit 22 and the deposit / withdrawal information management unit 13 describe the status of deposits and withdrawals in the deposit / withdrawal list. Further, the contract information generation unit 25 sends information to the effect that the contract has been established and information on the contents of the contract to the contract management unit 16, and the contract management unit 16 has established the contract on the display unit 32 of the client terminal 3. The contents of the contract that has been established are displayed by character information. In addition, the contract information generation unit 25 performs deposit / withdrawal processing of the account of the client terminal based on the selling price. In addition, a part or all of these configurations of the contract information generation unit 25 may be a configuration provided by another functional means, for example, the contract management unit 16.

The database connection base 26 performs various processes between the data processing unit 20 and the database 27, similarly to the database connection base 17 of the first financial instruments transaction management device 1.

The database 27 records the data used in the second financial instrument transaction management device 2. The basic configuration of the database 27 is the same as that of the database 18 of the first financial instrument transaction management device 1. Further, in the database 27, an order table 271 as an "order information recording means", a consignor account information table 272 as a "customer account information recording means", a financial product order condition table 273, a sequence number table 274, and a contract information table 275, the position information table 276 is recorded. The order table 271 has the same configuration as the order table 181, the consignor account information table 272 has the same configuration as the customer account information table 182, the financial product order condition table 273 has the same configuration as the financial product order condition table 183, and the sequence number table. 274 has the same configuration as the sequence number table 184, the contract information table 275 has the same configuration as the contract information table 185, and the position information table 276 has the same configuration as the position information table 186.

Although not shown, the second financial instrument transaction management device 2 has a timer that acquires and manages date and time information, first-ranked order information based on the date and time information acquired from this timer, and first resale. It has a deadline management means for managing the order deadline of limit order information and second sell stop order information (both described later).

Data processing unit 10, front page distribution unit 11, order input reception unit (order input reception means) 12, deposit / withdrawal information management unit 13, account information management unit 14, order information generation unit in the first financial product transaction management device 1. 15, Execution management unit 16, database connection base 17, database 18, data processing unit 20, price information reception management unit 21, deposit / withdrawal information generation unit 22, account information generation in the second financial instruments transaction management device 2. The unit 23, the order information management unit 24, the contract information generation unit 25, the database connection base unit 26, and the database 27 may be configured in any form. For example, when the first financial instrument transaction management device 1 and the second financial instrument transaction management device 2 are formed as a network computer system composed of a plurality of server computers, each configuration requirement is distributed to the plurality of server computers. It may be arranged. In addition, those server computers are computers owned or managed by computer systems owned by a plurality of companies and server managers (for example, financial securities exchanges, other financial product transaction management companies, providers, hosting system providers, etc.). It may be arranged across the system). The server computer constituting the first financial product transaction management device 1 and the second financial product transaction management device 2 may be formed as a so-called cloud computer system. Further, data processing unit 10, front page distribution unit 11, order input reception unit 12, deposit / withdrawal information management unit 13, account information management unit 14, order information generation unit 15, execution management unit 16, database connection base unit 17, database. 18, data processing unit 20, price information reception management unit 21, deposit / withdrawal information generation unit 22, account information generation unit 23, order information management unit 24, contract information generation unit 25, database connection base unit 26, database 27. At least a part of the configurations may be provided not in the first financial product transaction management device 1 or the second financial product transaction management device 2, but in the client terminal 3 constituting the financial product transaction management system 1A. , The computer may be configured as a program that functions as these functional means.

FIG. 2 is a schematic diagram of a field definition of the order table 181 in the first financial instrument transaction management device 1. As shown in the figure, the order table 181 has fields for the number of items, and the field name (field name), data type (type) such as characters, numerical values, date and time, and data length (length) such as bit length. , Blank not specified (Not Null), presence / absence of default value (default value), data item name (remarks), etc. are specified.

In the first financial instrument transaction management device 1 and the second financial instrument transaction management device 2 described above, various transactions for the same type of financial product can be realized by one order or a plurality of orders.

[Processing of orders by the first financial instrument transaction management device and the second financial instrument transaction management device]
An outline of order processing by the first financial instrument transaction management device 1 and the second financial instrument transaction management device 2 of the first embodiment will be described with reference to FIG.

The first financial instrument transaction management device 1 sets sell orders and buy orders as first orders and second orders for each customer on the order table 181 based on the orders for financial products received from the client terminal 3 of the customer. Recording and various processes (for example, order acceptance and order generation (generation of order information for placing an order, and processing of placing an order with the second financial instrument transaction management device 2). Do the same in the book.)). The first financial product transaction management device 1 includes the customer account information table 182, the financial product order condition table 183, the sequence number table 184, and the execution information table 185 in the information of the first order and the second order recorded in the order table 181. , Information and the like of the position information table 186 are recorded as attribute information.

On the other hand, the second financial instrument transaction management device 2 manages information on buy orders and sell orders ordered from customers and the first financial instrument transaction management device 1 (for example, recording order information in the order table 271). Or, various processes for those buy orders and sell orders (for example, processes that change various states such as "unordered", "ordered", and "contracted" of an order according to the transaction status, and so on. Perform various processes necessary for trading financial products, such as performing processes to record changes, etc., hereinafter simply referred to as "management"). The second financial product transaction management device 2 includes the consignor account information table 272, the financial product order condition table 273, the sequence number table 274, and the contract information table 275 in the buy order and sell order information recorded in the order table 181. The information of the position information table 276 and the like are recorded as attribute information.

In the first embodiment, the first financial instrument transaction management device 1 and the second financial instrument transaction management device 2 having such a function work together to process an order for a financial instrument. That is, as shown in FIG. 3, for example, an order for a financial product placed by a customer from a client terminal 3 is supplied to the first financial product transaction management device 1, and the first financial product transaction management device 1 is an order for the customer. Information is recorded in the order table 181 and an order is generated and supplied to the second financial instrument transaction management device 2. The second financial instrument transaction management device 2 manages the orders generated by the first financial instrument transaction management device 1. When an order or contract for a financial product is placed in the second financial product transaction management device 2, the information on the order or contract is supplied to the first financial product transaction management device 1, and the first financial product transaction management device 1 It is recorded in and transmitted to the customer's client terminal 3.

The first financial product transaction management device 1 repeats an order (for example, when the first order (for example, a buy order for a financial product) and the second order (for example, a sell order for a financial product) are repeated). The first financial instrument transaction management device 1 generates information for this repetition and transmits it to the financial instrument transaction management device 2.

The timing of generating an order in the first financial instrument transaction management device 1 and transmitting the generated order to the second financial instrument transaction management device 2 may be any. For example, when a transaction is made by a first order (for example, a buy order) and a second order (for example, a sell order) of a financial product, for example, the first financial product transaction management device 1 first places a buy order. Information is transmitted to the second financial product transaction management device 2, and the second financial product transaction management device 2 transmits information indicating the execution when the buy order is executed to the first financial product transaction management device 1. Next, the information that the first financial instrument transaction management device places a sell order is transmitted to the second financial instrument transaction management device 2, and the second financial instrument transaction management device 2 executes the sell order. Information indicating a contract may be transmitted to the first financial instrument transaction management device 1. Alternatively, the first financial instrument transaction management device 1 may transmit the information of the second order to the second financial instrument transaction management device 2 before acquiring the execution information of the first order.

In this way, the first financial instrument transaction management device 1 and the second financial instrument transaction management device 2 interlock with each other to process buy orders and sell orders as first orders and second orders. , Process by repeating the first order and the second order.

In the first embodiment, the order generated by the first financial instrument transaction management device 1 and the order managed by the second financial instrument transaction management device 2 may be the same or different. .. Specifically, for example, the order recorded in the order table 181 and the order recorded in the order table 271, the data recorded in the customer account information table 182 and the data recorded in the consignor account information table 272, and the data. The data recorded in the financial product order condition table 183, the data recorded in the financial product order condition table 273, the data recorded in the sequence number table 184, the data recorded in the sequence number table 274, and the position information table 186. The data recorded in the contract information table 276 and the data recorded in the contract information table 185 and the data recorded in the contract information table 275 may be the same or different from each other. You may.

[Basic operation of partial execution]
3 to 11 are conceptual diagrams schematically showing the principle of processing partial contracts in the financial instrument transaction management system 1A of the first embodiment. The partial execution of the financial instrument in the first embodiment is processed based on the figure and the following [basic operation 1] to [basic operation 7] which explain the figure. In FIGS. 3 to 11, the solid line circles in the chart 110 indicate "established", that is, the executed orders, the broken line circles indicate "partially established", that is, the partially executed orders, and the dotted circles indicate the outline characters. The description indicates "ordering", that is, an ordered and unfilled order, and the outline characters in the dotted circle indicate "waiting", that is, an unordered order or an order that is scheduled to be repeatedly ordered.

The processing based on [Basic operation 1] to [Basic operation 7] is mainly used for processing in the second financial instrument transaction management device 2, but in the first financial instrument transaction management device 1. It may be used for processing, or may be used for both the first financial instrument transaction management device 1 and the second financial instrument transaction management device 2.

[Basic operation 1: Price priority, time priority principle]
If there are multiple orders for the same type of financial product at multiple prices for each price, they are processed based on the following (Principle 1) and (Principle 2).
(Principle 1) When the same financial product exists for multiple quote prices (price that you want to buy or sell), the quote price is the lowest for the buy order in order from the buy order with the highest quote price for the sell order. Each contract is executed in order from the sell order (principle of price priority).
(Principle 2) When there are multiple buy and sell orders for the same financial product for the same quote price, the contracts are executed in order from the earliest ordered time (principle of time priority).

[Basic operation # 2: Processing to change the number of establishments according to supply and demand]
For example, as shown in FIG. 3, consider a case where a buy order and a sell order are placed at a plurality of prices for a specific financial product (for example, a stock). Then, it is assumed that the offer rate 101 at this time is 19,402 for the sell order and 19,403 for the buy order.

Here, there are 80 orders 102 that the offer rate 101 wants to sell at 19,401 or more, and 18 buy orders 103 with a quote value of 19,402 (that is, the quote quantity is 18). When there are 37 buy orders 104 with a value of 19,401, based on the above-mentioned price priority principle, first, 18 buy orders with a quote price of 19,402 are executed as 103, and then 37 are present. It is executed for a buy order 104 with a quote price of 19,401.

Next, it is assumed that the sell order 105 is 19,400 and the number of sell orders 105 is 10. On the other hand, it is assumed that there are 21 buy orders 106 with a quote price of 19,400. Then, as shown in FIG. 4, the breakdown of the 21 buy orders 106 is that there are 4 buy orders 107 of other traders (different from the specific trader) and 108 buy orders of the specific trader. It is assumed that there are 10 pieces and 7 pieces of buy orders 109 of other traders, and orders are placed in the order of buy order 107, buy order 108, and buy order 109 at different times. In this case, based on the principle of time priority, as shown in FIG. 4, all four buy orders 107 and six buy orders 108a out of the buy orders 108 are executed.

As a result, as shown in FIG. 5, a total of 10 buy orders 108 of a specific trader are 6 buy orders 108a (contracted in FIG. 4) and 4 (unfilled in FIG. 4). It splits into buy orders 108b. In this way, the phenomenon that only a part of the ordered orders is executed occurs, so that partial execution occurs.

[Basic operation # 3: Order split and split timing]
In the first embodiment, the partial execution causes an order split at a predetermined timing.

Here, the "split" of the order means, for example, the state shown in at least one of the following (state 1) to (state 3).

(State 1)
A state in which a part of a specific order is filled and the specific order is divided into a filled order and an unfilled order.
For example, when a part of the first order 111 shown in FIG. 6 (for example, 6 out of 10 pieces) is executed, as shown in FIG. 8, the executed 6 first order 111a and not yet. This corresponds to the state of being divided into the first order 111b of four contracts.

(State 2)
When a part of a specific order is filled, another specific order corresponding to the specific order is divided into an ordered order and an unordered order.
For example, as a result of executing a part of the first order 111 shown in FIG. 6 (for example, 6 out of 10), the second order 112 that settles the position held by the execution of the first order 111 As shown in FIG. 8, this corresponds to a state in which the ordered 6 second orders 112a and the unordered 4 second orders 112b are separated.

(State 3)
A state in which an unfilled original order and a newly placed order coexist when a part or all of the specific order is repeatedly placed after a part of the specific order is filled.
For example, after a part of the first order 111 of 19,400 yen shown in FIG. 10 (for example, 6 out of 10) is executed, the position held by the execution of the first order 111 is settled. After the 6 second orders 112a have been executed, as shown in FIG. 11, the first of the 6 sheets of 19,400 yen corresponding to the first order 111 of a part (6 out of 10) already executed. This corresponds to the state in which the order 111a is ordered again and a part (4 out of 10) of the first order 111 that remains uncontracted and the newly ordered first order 111a coexist.

In the above (state 1) to (state 3), the split order shown in FIGS. 8 and 11 is a state in which one order before the split is divided into two orders (for example, the first order shown in FIG. 6). The order 111 is divided into the first orders 111a and 111b shown in FIG. 8), but the present invention is not limited to this, and the order 111 may be divided into three or more orders after the division. Further, in the above (state 1) to (state 3), in the split state shown in FIGS. 8 and 11, all the orders after the split are at the same price as before the split (for example, the first order 111a in FIG. 8). 111b shows the same price as the first order 111 in FIG. 6, 19,400 yen), but the price is not limited to this, and at least one of the orders after the division may have a price different from that before the division. Further, any state that causes a state similar to the above (state 1) to (state 3) may form a "split".

Further, in the first embodiment, the division of the order occurs at at least one of the following (timing 1) to (timing 4).

(Timing 1)
At the same time that a part of a particular order is filled, a split of that particular order occurs.
For example, in the above (state 1), this corresponds to the time when the first order 111 (FIG. 6) is divided into the first order 111a and the first order 111b (FIG. 8), and a part of the first order 111 is executed.

(Timing 2)
At the same time that a part of a particular order is filled, another particular order split corresponding to that particular order occurs.
For example, in the above (state 2), this corresponds to the time when the second order 112 (FIG. 6) is divided into the second order 112a and the second order 112b (FIG. 8), and a part of the first order 111 is executed.
Further, for example, in a configuration in which the first order 111 and the second order 112 are repeatedly ordered (see FIG. 8), a part of the second order 112 (for example, 6 out of 10) is executed, and the result is based on the execution. If the first order 111 that is repeatedly ordered is divided into six ordered first orders 111a and four unordered (waiting) first orders 111b (see FIG. 8), the first order is (Ii) This corresponds to the time when a part of the order 112 is executed.
Further, for example, in a configuration in which the first order 111 and the second order 112 are repeatedly ordered (see FIG. 8), a part of the second order 112 (for example, 6 out of 10) is executed and the second order 112 is repeatedly ordered 6 As a result of the execution of the first order 111a, the partially executed second order 112 is divided into six executed second orders 112a and four uncontracted second orders 112b (see FIG. 8). In such a case, this corresponds to the time when the first order 111a is executed.

(Timing 3)
Split when part of a particular order is filled and then part or all of that particular order is placed repeatedly, causing the original unfilled order and the newly placed order to coexist. Occurs.
For example, in the above (state 3), when a state in which a part of the first order 111 that remains unfilled and the newly ordered first order 111a coexist is formed, or when the second order 112a is filled. , The time when the first order 111a is placed corresponds to this.
Further, for example, a part of the second order 112 (for example, 6 out of 10) is executed, and the first order 111 that is repeatedly ordered is the 6 first orders 111a that have been ordered and 4 that have not been ordered (waiting). It is divided into the first order 111b of the sheet and (see FIG. 8), and as a result of the execution of the ordered first order 111a, a part (4 out of 10) of the second order 112 that remains uncontracted is newly added. When the ordered 6 second orders 112a (see FIG. 8) coexist, this corresponds to the time when the second order 112a is ordered.

(Timing 4)
A split occurs when a particular order is split into a filled order and an unfilled order at a given time after a portion of the particular order has been filled.
For example, as shown in FIG. 10, after a part of the first order 111 (for example, 6 out of 10) has been executed, the first order 111 is suspended at a specific time point (for example, trading of financial instruments is suspended). This corresponds to the time when the first order 111a and 111b which are not executed (see FIG. 8) are divided into the first order 111a and 111b which are executed during the period.

The timing of division is not limited to the above (timing 1) to (timing 4), and any time point in a state similar to these may be the timing of division.

The following [basic operation 4] to [basic operation 7] are based on the state and timing of division shown in this [basic operation 3].

[Basic operation # 4: Partial execution pattern 1]
For example, as schematically shown in the chart 110 of FIG. 6, for example, there are a total of 10 first orders 111 and a total of 10 second orders 112, and the first order price 113, which is the contract price of the first order 111. Is 19,400 yen, and the second order price 114, which is the contract price of the second order, is 19,500 yen. As shown in FIG. 7, when, for example, only 6 out of a total of 10 first orders 111 are executed based on [basic operation 2] and the like due to fluctuations in the market price 115 of financial instruments. The first order of all 10 pieces is divided into 6 executed first orders 111a and 4 unfilled first orders 111b. If the market price does not match the second order price and matches the first order price again, the uncontracted first order 111b is executed if the execution conditions are met. However, in this case, the first order 111a and the first order 111b are not combined again, and the first order 111a and the first order 111b are treated as independent orders thereafter.

[Basic operation 5: Partial contract pattern 2]
For example, when the first order 111 is partially contracted to become the first order 111a and the first order 111b as in "Basic operation No. 4", as shown in FIG. 7 (according to the ifdan order shown in FIG. The second order 112, which was to be ordered by the contract of one order 111, is also split into six second orders 112a and four second orders 112b. Of these, 6 second orders 112a have been ordered corresponding to the contract of the first order 111a, and 4 second orders 112b have not been ordered.

In this state, when the market price reverses (that is, the market price changes from falling to rising in FIG. 8, for example) and the market price matches the second order price, six second orders 112a are executed.

Here, in the case where the first order and the second order are repeated a plurality of times (details will be described later), as shown in FIG. 8, the first order 111a is executed by the execution of the six second orders 112a. Will be ordered again, but if four uncontracted first orders 111b remain, as shown in FIG. 8, the reordered first order 111a and the remaining first order 111b remain. Will coexist.

[Basic operation # 6: Partial contract pattern 3]
It should be noted that partial execution occurs not only in the first order but also in the second order.

This partial execution of the second order may occur in the second order after the partial execution occurs in the first order. Specifically, as shown in FIG. 8, for example, a total of 10 first orders 111 and a total of 10 second orders 112 (see FIG. 6) are executed 6 first orders. After splitting into 111a and four uncontracted first orders 111b, when the market price reverses and the market price matches the second order price, the circumstances such as the above "basic operation 2" are added to the second order. When only 4 of the 6 cards are executed, as shown in FIG. 9, only 4 of the 6 second orders 112a are executed. As a result, the ordered 6 second orders 112a were split into 4 executed second orders 112a and 2 uncontracted second orders 112ab, and the uncontracted second order 112b also coexisted. It becomes a state.

Here, in the case where the first order and the second order are repeated a plurality of times (details will be described later), as shown in FIG. 9, when four second orders 112aa are executed, correspondingly, The six first orders 111a will also be split and the four first orders 111a will be ordered, but the two uncontracted second orders 112ab will remain. Further, the two first order 111ab in which the first order 111a is split will be ordered when the two second order 112ab are executed.

[Basic operation 7: Partial contract pattern 4]
In addition to the cases shown in [Basic Operation No. 6] above, as a case where a partial contract occurs in the second order, as a result of a part of the first order being executed, the first order is not split and the first order is the first. When one order is executed, the position held by the execution may be settled by the execution, and the second order may be split.

Specifically, as shown in FIG. 10, consider a case where 6 out of a total of 10 first orders 111 are executed. At this time, the executed first order 111 is not divided and continues in a state where a part (6 pieces) is established and a part (4 pieces) is not established. On the other hand, the second order 112 (see FIG. 6), which was scheduled to be placed by the execution of the first order 111 by the ifdan order, is based on the partial establishment and the partial unfulfillment of the first order 111. As shown in, it is divided into 6 second orders 112a and 4 second orders 112b. Of these, the 6 second orders 112a have already been ordered corresponding to the 6 partial contracts of the 1st order 111, and the 4 second orders 112b have been partially uncontracted of the 4 first orders 111. No order has been placed in response to.

In this state, when the market price reverses (that is, the market price changes from falling to rising in FIG. 10, for example) and the market price matches the second order price, as shown in FIG. 11, the six ordered second orders have been placed. 112a is executed.

Here, in the case where the first order and the second order are repeated a plurality of times (details will be described later), six second orders 112a are executed and the ifdan order is settled, thereby partially. The executed first order 111 splits for the first time. As a result, as shown in FIG. 11, the first order 111, which is partially (6 sheets) executed and partially (4 sheets) uncontracted, is split and six first orders 111a executed are newly ordered. .. At this time, the newly ordered 6 first order 111a and the first order 111 (of which 4 remain in the uncontracted state) coexist. If the first order 111 (of which 4 out of 10 are uncontracted) is executed and the first order is repeated after the repetition, 4 out of 10 are uncontracted. Instead of the remaining first order 111, four first orders (not shown in FIG. 11) are placed.

In FIGS. 10 and 11, the first order 111 with the first order price 113 of 19,400 yen and the second order 112a with the contract price of the second order and the second order price 114 of 19,500 yen, Although the partial contract was explained only for 112b, the same partial contract is generated or the same processing is performed for the other first order price of 19,400 yen and the other second order price of 19,500 yen. You can go.

The processing procedure of the first embodiment shown below is performed based on the above [basic operation 1] to [basic operation 7]. It should be noted that [basic operation 1] to [basic operation 7] do not necessarily have to be all used in the process of the first embodiment, and any basic operation may be replaced with a different basic operation. For example, the principle of price priority and time priority in [Basic operation 1] may be configured in which only one of them is used, or partial contracts are made in [Basic operation 4] to [Basic operation 7]. If so, in the subsequent processing, the orders once separated by the partial execution may be recombined thereafter.

[Processing procedure (generation of order information)]
Next, a processing procedure for generating order information in the financial instrument transaction management system 1A of the first embodiment will be described with reference to FIGS. 12 to 25.

Here, the generation of order information means forming data for placing an order or executing an order for a financial product in the financial product transaction management system 1A of the first embodiment. Then, as will be described later, in the first embodiment, the order is placed and executed based on the order information.

FIG. 12 shows a buy order (new buy order) as the “first price” and a sell order (new price) as the “second price” in the first financial instrument transaction management device 1 of the first embodiment. It is a flowchart which shows the processing procedure at the time of accepting a new sale order). Hereinafter, the processing procedure at the time of acceptance will be described based on the figure.

A customer who uses the financial instrument transaction management system 1A accesses the first financial instrument transaction management device 1 by using the client terminal 3. The front page distribution unit 11 of the first financial instrument transaction management device 1 causes the display unit 32 of the client terminal 3 that has been accessed to display the transaction display screen 50 shown in FIG. 13, and the order screen on the transaction display screen 50. When the display button 51 is clicked, the order input screen 52 pops up on the transaction display screen 50 as shown in FIG. 131. The customer inputs the order contents on the order input screen 52 (step S1).

In FIG. 13, in the configuration in which the first order and the second order are repeated on the order input screen 52, the customer first in the buy / sell selection field 53 that selects whether the first order is a buy order or a sell order. You have selected "Buy" to indicate that the order is a buy order (select "Sell" if you want to select an order whose first order is a sell order). In addition, an order type (here, a "trap repeat toy fudan order" in which a plurality of first orders and second orders are repeated a plurality of times) is selected in the order type input field 54.

Further, in FIG. 13, the customer selects "Nikkei 225" indicating that the transaction is carried out by Nikkei 225 (Nikkei Stock Average) in the product selection field 55 for selecting the type of financial product. In addition, the customer inputs "1" as the quantity of the order (for example, 100 times the stock price index is one piece) in the order quantity input field 56, and executes the execution condition (first order and / or second order). Enter "Limit" in the execution condition input field 57 to select (what kind of order to execute, such as order, limit order, etc.), and enter "19200" in the start price input field 58 to enter the desired contract price of the first order. I'm typing. Further, "10000" is input in the profit amount input field 59 as information for calculating the desired contract price of the second order (the order information generation unit 15 described later inputs the profit amount input field 59). Divide the calculated "10000" yen by 1 (x100) described in the order quantity input field 56, and add 10000 ÷ 100 = 100 (yen) to the "19200" yen entered in the start price input field 58. The calculated "19300" yen is calculated as the contract price of the second order.)
In the first embodiment, a configuration may be provided in which the contract price of the desired second order is input instead of the profit amount input field 59. In addition, instead of these, the "profit margin" based on the execution of the first order and the second order is calculated and set, and the "price range" between the first order and the second order is calculated and set. Any configuration may be provided for this purpose. Specifically, for example, the type of selected financial product, the current market price of the financial product, the fluctuation state of the financial product in the past predetermined period, and the future fluctuation forecast (fluctuation range, upward trend, downward trend, etc.), Converting conditions such as transaction period, transaction amount, margin balance, etc. into predetermined numerical values, price range between first order and second order, margin between first order and second order, first order and second order It may be configured to calculate the number of orders, the price range to be set, and the like.

Further, when the customer wants to set the stop loss price, he / she inputs the desired stop loss price in the stop loss price input field 60 (the stop loss price is not input in FIG. 13). The information and the like input to the trap value range input field 61 shown in the figure will be described in [Embodiment 2 of the Invention].

When the confirmation button 62 is clicked in this state, the data input / selected on the order input screen 52 is supplied to the first financial instrument transaction management device 1. The order input receiving unit 12 of the first financial instrument transaction management device 1 confirms the contents of the input order. Further, the order input receiving unit 12 inspects each order price (step S2).

Specifically, for example, can the order input receiving unit 12 make a profit by conducting a transaction based on the prices entered in the start price input field 58 and the profit amount input field 59 for the selected financial product? Whether or not it is confirmed based on a predetermined calculation. Further, for example, the order input receiving unit 12 compares the current market price of the selected financial product with the reference price of the order input from the order input screen 52, and confirms the confirmation button 62 and the order button 66. It may be configured to confirm whether or not the reference price is low (or high) or the like with respect to the actual market price at the time when is clicked. Further, for example, in the order input receiving unit 12, when the first order is a buy order, the desired contract price of the first order is lower than the actual market price at the time when the confirmation button 62 or the order button 66 is clicked. It may be configured to confirm whether or not the contract price desired by the second order is higher than the contract price desired by the actual first order.

As a result of the confirmation in step S2, the input price is set to be appropriate only when the input price is appropriate (for example, the order input reception unit 12 makes a profit by conducting a transaction based on the input price). If the setting is satisfied), the order input receiving unit 12 determines that the input price is an appropriate price.

When the price of the buy order is determined to be an appropriate price (“No” in step S3), the account information management unit 14 acquires the fund information of the customer in the customer account information table 182.

The order input reception unit 12 compares the acquired fund information with the total order amount of the customer, and confirms whether or not the amount of funds is equal to or greater than the allowable order amount.

Here, the "order permissible amount" is an amount required for an order (same as in the present specification).

The order information generation unit 15 is an "order information group" including "order information" and "order information" described later only when the amount of funds is equal to or more than the order permissible amount ("No" in step S5). To generate. This allows orders to be accepted only if the customer can be assured of payment.

When the amount of funds is equal to or greater than the allowable order amount (“No” in step S5), the order input reception unit 12 has an order condition other than those described above based on the data or the like recorded in the financial product order condition table 183. It is confirmed whether or not the various conditions of the order are satisfied (step S6).

If the various conditions of the order are not satisfied (“Yes” in step S7), the order input reception unit 12 treats the input order as an error and rejects the acceptance of the order (step S10).

When various conditions of the order are satisfied (“No” in step S7) and it is determined that the order conditions satisfy all the conditions necessary for the above-mentioned order, the front page distribution unit 11 determines. The confirmation screen 65 shown in FIG. 14 is popped up and displayed on the display unit 32 of the client terminal 3. On the confirmation screen 65, the contents of the order generated based on the numerical value input on the order input screen 52, the selected conditions, and the like are displayed.

When the customer clicks the order button 66 in this state, the order information generation unit 15 is input to the order input screen 52 in step S1 and is based on the information transmitted from the client terminal 3 to the first financial product transaction management device 1. To generate order information (step S8, order information generation procedure).

Specifically, a plurality of data input in the above procedure are put together in units of order prices, and each order information is assigned to each order recorded in the sequence number table 184 as a unit of each information. Form. At this time, information for identifying the sequence number used for the order information from the unused number is added to the sequence number table 184. The plurality of order information generated in the procedure of one step S8 is the order information for ordering the same type of financial product at the first order price (described later) and the second order price (described later). An order information group (hereinafter, simply referred to as "order information group") composed of order information is formed. The generated order information and the order based on the order information will be displayed on the display unit 32 of the client terminal 3 by the order information generation unit 15 and the contract management unit 16.

The order information generation unit 15 transmits the generated order information group information to the second financial instrument transaction management device 2, and the order information management unit 24 of the second financial instrument transaction management device 2 receives the received order information. Is recorded in the order table 181 (step S9). The order information is recorded in the order table 181 based on the definition of each field shown in FIG.

For example, the “ord_seq” field 181b of the order table 181 is the definition of the sequence number assigned in step S8 (see “Remarks” 181a of the order table 181; the same applies hereinafter). The “cust_seq” field 181c is a customer number uniquely defined for each customer, and the “style_id” field 181d is a product name definition. The “com_id” field 181e is a definition of an ID number uniquely defined for each financial instrument. The combination of this ID number and the financial product is recorded in an ID table (not shown) separately provided in the database. The “ord_amnt” field 181f is a definition of the order quantity (or the quantity of the stock price index or the like defined based on the quantity) entered in the order quantity input field 56. The "buy_sell_id" field 181g defines whether it is a sell order or a buy order selected in the order type input field 54, the "ord_rate" field 181h defines the order price, and the "limit_time" field 181i Define the order deadline. The “ord_cond” field 181j defines the order type selected in the buy / sell selection field 53. The “trail_range” field 181k defines the trail width (see [Embodiment 4] of the invention), and the “through_range” field 181m defines the through price range (see [Embodiment 4] of the invention, here as a uniform price in advance Is set.) Is defined and
In the "new_close" field 181n, whether it is a new order or a settlement order is defined. Although not shown in FIG. 2, the order table 181 is also provided with a field for defining other data input on the order input screen 52. With these fields, all the data entered in the order entry screen 52 is recorded in the order table 181. From the above procedure, the order acceptance process according to the first embodiment is completed.

If at least one of the buy order price and the sell order price is determined to be an inappropriate price in step S3 (“Yes” in step S3), or the amount of funds is ordered in step S5. If it is less than the total price (“Yes” in step S5), the order input receiving unit 12 treats the input order as an error and rejects the acceptance of the order (step S10). In this case, the order information (described later) is not generated, and the display unit 32 of the client terminal 3 displays character information or the like indicating that the acceptance of the order has been rejected.

The timing at which the information input on the order input screen 52 is transmitted to the first financial instrument transaction management device 1 may be when the confirmation button 62 is clicked as described above, or when the order button 66 is clicked. It may be when it is done. Further, the information transmitted to the order information generation unit 15 is input to each input field / selection field 54 to 61 as long as it is information that can generate the first order information and the second order information described later by various calculations. It may be any information other than the information to be provided. Specifically, for example, it may be a period in which an order is placed, a profit amount desired to be obtained within the period, an amount of funds used for a transaction, or the like.

Further, in the generation of the order information shown in step S8, all the order information (or the order information group) may be generated at once when the confirmation button 62 or the order button 66 is clicked, or the first order or the first order or the first order information may be generated. (Ii) It may be generated when an order is placed, or it may be generated each time the first order or the second order is placed repeatedly, or the first order price (described later) or It may be generated at the timing when the second order price (described later) is changed, or at any other timing.

Further, the order of steps S1 to S10 is not limited to that shown in FIG. 12, and may be any order. Furthermore, the timing at which the confirmation button 62 or the order button 66 is clicked and the timing at which the processes of steps S1 to S10 are performed may be any, for example, the confirmation button 62 or the order button 66 is clicked. After that, the order information generation unit 15 may be configured to perform the processes of steps S1 to S10.

Further, at least a part of the processes of steps S1 to S10 may be performed in the second financial instrument transaction management device 2. For example, in step S9, the order information generation unit 15 transmits the generated order information to the second financial instrument transaction management device 2, and the order information management unit 24 of the second financial instrument transaction management device 2 sends this order. The information may be recorded in the order table 271 or the like. Further, for example, in step S1 in the second financial instrument transaction management device 2, based on the data of the consignor account information table 272, the financial instrument order condition table 273, the sequence number table 274, etc. of the second financial instrument transaction management device 2. The process of ~ S10 may be performed, and the order information may be recorded in the order table 271.

[Structure of order information and order information group]
FIG. 15 is a diagram schematically showing a transaction display screen 50 after order information generation, which is displayed on the display unit 32 of the client terminal 3 in the first embodiment. The transaction display screen 50 shows order information (first order information and second order information) and order information group processed by the order information generation unit 15 and the execution management unit 16 (contract management procedure).

The same order information and order information group will be managed in the second financial instrument transaction management device 2, but for the sake of simplicity, here, the order on the second financial instrument transaction management device 2 side is used. The description of information and order information group is omitted.

The order information group 71A according to the first embodiment, which is shown in FIG. 15 (and also in FIGS. 16 to 25), constitutes a first order (new order, that is, an order that holds a position by executing). The second order information 72b that constitutes one order information 72a and a second order (a settlement order, that is, an order that is placed when the first order is executed and that is executed to settle the position held by the execution of the first order). Consists of. It should be noted that the order information group 71A may further include other order information (for example, stop loss order information constituting a stop loss order).

The order information group 71A shown in FIG. 15 and the order information group 71A shown in FIGS. 16 to 25 differ in the contents of the constituent order information (for example, the order number 181A, the order acceptance date / time information 181B, and the designated price information 181J). However, for the sake of simplicity of explanation, they will be described below as being the same unless otherwise required to be distinguished.

As shown in FIG. 15, both the first order information 72a and the second order information 72b show an order number 181A that functions as an ID consisting of a 16-digit order number body and an 8-digit branch number, and the date and time when the order information was generated. Order acceptance date and time information 181B, product information 181C indicating the type of financial product (here, "Nikkei 225" indicating that a transaction of Nikkei 225 (Nikkei Stock Average) is performed), each order is being ordered (ordered) Order status information 181D indicating any of the statuses of (pre-contract state), waiting (unordered state), and contracted (contracted state) (however, when some of these three states are not shown, or these A state other than the three states may be indicated), an order form (order form, in which a plurality of first orders and a plurality of second orders are placed at multiple prices, and each first order is placed. Order form information 181E indicating (a state in which the characters "tralipi" indicating that it is a "trap repeat toy fudan" in which and each second order are repeated) are displayed, and each order is either a buy order or a sell order. Trading information 181F indicating whether there is, settlement classification information 181G indicating whether each order is a new order or a settlement order (or stop loss order), each order is a "limit order", "market order", "stop order" Execution condition information 181H indicating which of "order" and "stop loss order", specified price information 181J as the desired settlement price (price that the customer wants to execute) of each order, quantity of each order (here) Order quantity information 181K (shown in FIG. 16 etc.) indicating the quantity of each order (10 sheets each), completed quantity information 181L (shown in FIG. 16 etc.) indicating the quantity of the completed (that is, executed) order, expiration date of each order (here) Then, the expiration date information 181M (shown in FIG. 16 etc.) indicating the indefinite period (information of "GTC" indicating indefinite period), the number of repetitions between the first order and the second order (here, "unlimited" information indicating an unlimited number of repetitions) ), Repeat number information 181N (shown in FIG. 16 etc.), slippage information 181P as an allowable value of slippage generated at the time of contract (shown only in FIG. 15, but the value is not shown), presence / absence of trail setting It is also composed of trail information 181Q (described only in FIG. 15, but the value is not shown) as a numerical value of the trail width when the trail is set.

If the first order or the second order is split due to the partial execution described later, the quantity of the first order or the second order constituting the first order information group 71A may increase, or the first order information group 71A may increase. It may be divided into a plurality of order information groups 71A, 71A .... In this way, when the order information group 71A is divided, the number of the order quantity information 181K of the constituent order information is reduced in each order information group 71A.

Further, both the first order information 72a and the second order information 72b may not include any of the information 181A to 181L, or may include other information. Further, there is a configuration in which stop order information (not shown) is provided for each order information group 71A, or one stop order information (not shown) is provided for a plurality of (for example, all) order information groups 71A. In the case of the configuration provided, stop order information (not shown) may be included in addition to the information 181A to 181P.

The order and execution of one first order and the order and execution of one second order are performed by the first order information 72a and the second order information 72b constituting one order information group 71A here. Be told. Specifically, the first order information 72a is used to place and execute the first order (new order), hold a position of a financial product, and based on the execution of the first order, the first order is executed. (Ii) The first second order (settlement order) is placed by the order information 72b, and the held position is settled by the execution of the second order (settlement order). Therefore, when the first order and the second order are repeated, a plurality of order information groups 71A, 71A, 71A ... Are required.

In the first embodiment, when the first order and the second order are repeated by the order information group 71A, the order information group 71A is executed at the time of the repetition (for example, the execution of the second order is performed based on the second order information 72b). When this is done), a new order information group 71A is generated. However, when the confirmation button 62 or the order button 66 is clicked, a plurality of order information groups 71A, 71A, 71A ... For repeating the first order and the second order are collectively generated. You may.

The display unit 32 of the client terminal 3 used by the customer has the order information group 71A, the first order information 72a, and the first order information 72a as shown in FIG. 16 and the like by the processing of the order information generation unit 15 and the contract management unit 16. (Ii) Even if the table 73 and chart 74 of the order information 72b are displayed so that the customer can easily grasp the generated order information, the order of the order, the state of execution, execution, and the transaction state based on the order. Good.

[Processing procedure (processing when there is no partial contract)]
16 to 25 are a table 73 showing the mode of order information based on the processing in the financial instrument transaction management system 1A of the first embodiment, and a chart 74 schematically showing the market fluctuation and the order / execution state of the order. Is. Hereinafter, a transaction mode based on the processing of the first embodiment will be described with reference to these figures.

Table 73 shown in FIGS. 16 to 25 shows order information and orders corresponding to the transaction displayed on a part of the transaction display screen 50 shown in FIG. 13 when the transaction shown in the chart 74 is being performed. Information that constitutes an information group.

Further, in FIGS. 16 to 25, the solid line circles in Chart 74 indicate “established” or executed orders, the broken line circles indicate “partially established” or partially executed orders, and the dotted circles indicate outline characters in black letters. The description indicates "ordering", that is, an ordered and unfilled order, and the outline characters in the dotted circle indicate "waiting", that is, an unordered order or an order that is scheduled to be repeatedly ordered (note that it will be described later). The charts 74 of FIGS. 26 to 29 also show the same state).

In the following description, the generation of order information related to the ordering and the like of an order is performed by processing at least one of the order information generation unit 15 and the order information management unit 24 of the financial instrument transaction management system 1A. Further, the rewriting or erasing of the order information related to the execution of the order is performed by processing at least one of the financial instrument transaction management system 1A execution information generation unit 25 and the execution management unit 16. However, depending on the state of the system configuration and the data configuration, each process is performed by means other than the above-mentioned functional means (for example, the process related to the execution of the order is performed by the order information generation unit 15 and the order information management unit 24). It is also possible to do so. Further, depending on whether the process is to execute all of the orders or only a part of the orders, the order information generation unit 15 or the order information management unit 24 performs the processing, or the execution information generation unit 25 or the execution management unit 16 performs the processing. It is also possible to distinguish between the two.

First, there is an order information group 71A consisting of a first order information 72a in which the designated price information 181J is 19,200 yen and a second order information 72b in which the designated price information 181J is 19,300 yen, and the first order information group 71A is present without partial execution. Consider the case where one order is placed and executed and the second order is placed and executed. In this case, as shown in Table 73 of FIG. 16, at the contracted suggested price (hereinafter referred to as “first order price”) 75 of the first order set based on the designated price information 181J of the first order information 72a. For a certain 19,200 yen, 10 first orders 72a1 are ordered. At this time, the order status information of the first order information 72a is "ordering" indicating the ordered and uncontracted status, and the order status information 181D of the second order information 72b is "waiting" indicating the unordered status. ".

Then, when the market price 77 drops from the state shown in the chart 74 of FIG. 16 and the market price 77 reaches 19,200 yen as shown in the chart 74 of FIG. 17, the first order 72a1 is executed and holds a position. To do. When the first order 72a1 is executed, the contracted desired price of the second order (hereinafter referred to as "second order price") set based on the designated price information 181J of the second order information 72b based on the second order information 72b. The second order 72b1 of 10 pieces is ordered for 19,300 yen which is 76 (referred to as). Then, as shown in FIG. 18, when the market price reaches 19,300 yen, the position held by the second order 72b1 is executed and settled. Then, the first order information 72a is deleted from the state shown in Table 73 of FIG. 17, and the order state information 181D of the second order information 72b is rewritten from "waiting" to "ordering", and in FIG. The state shown in Table 73 is obtained.

When the first order 72a1 and the second order 72b1 are ordered and executed respectively based on the first order information group 71A, the second order information shown in Table 73 of FIG. 18 is displayed on the transaction display screen 50 shown in FIG. 72b is deleted, and as shown in Table 73 of FIG. 19, an order information group 71A (new order information group 71A) having the first order information 72a and the second order information 72b is displayed. Based on this order information group 71A, the order / execution of the new first order (first order 72a1 shown by the dotted line in the figure) and the order / execution of the new second order (not shown) are similarly performed. Will be done. Then, when the first order is placed / filled and the second order is placed / filled, the first order is placed / generated and the second order is placed / generated based on the new order information group 71A. After that, this procedure is repeated.

In FIGS. 16 to 19, the designated price information 181J of the first order information 72a and the designated price information 181J of the second order information 72b of all the order information groups 71A, 71A, 71A ... Are all the same. The order / execution of the first order 72a1 with the one order price 75 of 19,200 yen and the order / execution of the second order 72b1 with the second order price 76 of 19,300 yen are repeated. The designated price information 181J of the first order information 72a of the groups 71A, 71A, 71A and the designated price information 181J of the second order information 72b are different, so that the first order price 75 and the second order price 76 are sequentially changed. (For example, the designated price information 181J of each first order information 72a displayed on the transaction display screen 50 changes sequentially by 1 yen, such as 19,200 yen, 19,201 yen, 19,202 yen, and so on, respectively. The designated price information 181J of the second order information 72b also changes sequentially by 1 yen such as 19,300 yen, 19,301 yen, 19,302 yen, etc., and the first order price 75 and the second order price 76 also change. The configuration may change according to the above.

Further, the execution condition information 181H of the specific order information of the specific order information group 71A (for example, the specific first order information 72a of the first order information group 71A) is "market", and this order (for example, the first order) The first order 72a1) may be placed and executed as a market order at the actual price at a specific time point (for example, the market price at the time when the confirmation button 62 or the order button 66 is clicked is set as the first order price 75). .. In this case, the designated price information 181J of another limit order (order based on the first order information 72a and the second order information 72b in which the execution condition information 181H is the "limit price") is set based on the actual price at a specific time point. It may be a configuration. In this case, the order price of the market order and the order price of the limit order are set to different criteria (for example, the market price when the confirmation button 62 is clicked is set as the designated price information 181J of the limit order, and the order button 66 is clicked. The market price at that time may be set (as the designated price information 181J of the market order).

The order information generation unit 15 and the execution management unit 16 display the generation of order information, the ordering and execution of orders, the repetition of orders, etc. in this processing procedure on the display unit 32 of the client terminal 3 used by the customer, and the display unit 32 thereof. Such generation of order information is recorded in the order table 181 and management such as ordering and execution of orders, repetition of orders, etc. is performed by modifying, deleting or adding the order information recorded in the order table 181.

[Processing procedure (Processing when partial contract is reached (1))]
Next, consider the case where a partial contract occurs based on the above-mentioned [Basic operation No. 7].

For example, as shown in FIG. 17, the first order information 72a in which the quantity of each order quantity information 181K is "10", the first order 72a1 of 10 pieces and the second order of 10 pieces based on the second order information 72b. Consider the case where 72b1 exists and only a part of the 10 first orders 72a1 ordered, for example, 6 as shown in FIG. 20, is executed. In this case, as shown in Table 73 of FIG. 20, the established quantity information 181L of the first order information 72a is rewritten from "0" to "6". As a result, 6 of the 10 first orders 72a1 are executed, and 4 are left uncontracted, so that the partial execution is established.

As the first order 72a1 is partially executed, the second order information 72b is ordered (order status information 181D is "ordering" and order quantity information 181K is "6", as shown in Table 73 of FIG. Second order information 72ba and order status information 181D are “waiting” and order quantity information 181K is “4”. Second order information 72bb is generated. As a result, 10 sheets shown in chart 74 of FIG. 17 are generated. The second order 72b1 is divided into six ordered second orders 72ba1 and four unordered second orders 72bb1 shown in chart 74 of FIG.

Here, if four uncontracted first orders 72a1 are executed and four uncontracted ones are executed while the market price 77 does not reach the second order price 76, the first order information 72a in Table 73 of FIG. 20 181L of the established quantity information of is rewritten from "6" to "10". As a result, as shown in Table 73 of FIG. 21, the first order information 72a is deleted from the display of the display unit 32 of the client terminal 3.

Then, the order status information 181D of the four second order information 72bb is rewritten from "waiting" shown in Table 73 of FIG. 20 to "ordering" shown in Table 73 of FIG. As a result, the second order 72bb1 changes from the unordered state shown in the chart 74 of FIG. 20 to the ordered state shown in the chart 74 of FIG.

After the state shown in the chart 74 of FIG. 21, when the market price 77 reaches the second order price 76 as shown in the chart 74 of FIG. 22, the second order information 72ba and the second order information 72bb are the order state information. 181D is deleted from "ordering" to "contracted", and the second order 72ba1 and the second order 72bb1 are in the contracted state from the ordered state.

As shown in chart 74 of FIG. 22, when the second order 72ba1 and the second order 72bb1 are executed, a new order information group 71A is generated as shown in Table 73 of FIG. As shown in FIG. 22, the order information group 71A replaces the first order information 72a and the second order information 72b (see FIG. 19) with the first order information 72aa in which the order quantity information 181K is "6". The quantity information 181K consists of the first order information 72ab of "4", the order quantity information 181K consists of the second order information 72ba of "6", and the order quantity information 181K consists of the second order information 72bb of "4". The order status information 181D of 72aa and the first order information 72ab is "ordering", and the order status information 181D of the second order information 72ba and the second order information 72bb is "waiting". As a result, 6 first orders 72aa1 and 4 first orders 72ab1 are ordered (see chart 74 in FIG. 22), and the second order 72ba1 and the second order 72bb1 are in an unordered state.

Then, when the market price 77 becomes the first order price 75 after the state shown in the chart 74 of FIG. 22, the first order information 72aa and the first order information 72ab shown in the table 73 of FIG. 22 have the order state information 181D. It is deleted from "ordering" to "contracted", and the first order 72aa1 and the first order 72ab1 are changed from the ordered state to the executed state. Then, in the second order information 72ba and the second order information 72bb, the order status information 181D changes from "waiting" to "ordering", and the second order 72ba1 and the second order 72bb1 are in the state of being ordered from the unordered state. It becomes.

Further, when the market price becomes the second order price 76 thereafter, the order status information 181D of the second order information 72ba and the second order information 72bb changes from "ordering" to "contracted", and the second order 72ba1 and the second order 72bb1 is in the contracted state from the ordered state. Then, a new order information group 71A is ordered.

On the other hand, from the state shown in the chart 74 of FIG. 20, as shown in the chart 74 of FIG. 23, the market price 77 is in a state where the uncontracted portion of the first order 72a1 which is uncontracted remains in 4 out of 10 sheets. When the second order price 76 is reached, the six second orders ba1 are executed while the four second orders 72bb1 remain uncontracted.

In this case, the first order information 72aa and the second order information 72ba shown in Table 73 of FIG. 23 are newly generated, and as shown in the chart 74 of FIG. 23, four sheets are unfilled first order 72a1. And the second order 72bb1 with four unordered sheets remain as they are, and six new first order 72aa1 are ordered (not shown in the chart 74 of FIG. 23, but at this time, the new six sheets are ordered. Two orders also exist in an unordered state.) In this case, as shown in Table 73 of FIG. 23, the first order information 72a remains in the state where the established quantity information 181L is “6”. As a result, as shown in the chart 74 of FIG. 23, even after the first order 72aa1 of 6 sheets is ordered, the first order 72a1 of 6 out of 10 contracts exists, and the first order 72a1 is the first order 72a1. It has been in a split state since then, triggered by the contract of two orders 72ba1.

Although not shown in FIG. 23, when the first order 72a1 of 6 out of 10 contracts is executed and then the first order of 4 more is repeatedly ordered, the established quantity information 181L is "6". Instead of the order information 72a, the first order information (not shown in FIG. 23) in which the order quantity information 181K is “4” and the quantity information 181L is “0” is generated. After that, 6 first orders 72aa1 and 4 first orders (not shown in FIG. 23) are ordered and executed, and 6 second orders 72ba1 and 4 second orders 72bb1 are ordered. And the contract are repeated. When the number of repetitions is set to a specific numerical value in the repeat number information 181N (see FIGS. 16 to 25), the first order 72a1, 72aa1 (including the first order of four pieces (not shown)). The ordering and execution of the second order 72b1, 72ba1, 72bb1 and the ordering and execution of the second order 72b1, 72ba1, 72bb1 will be repeated a set number of times.

The order information generation unit 15 and the execution management unit 16 generate an order information in this processing procedure, place an order and execute an order, divide an order information and an order, repeat an order, and the like, and display the display unit 32 of the client terminal 3 used by the customer. In addition, the order information recorded in the order table 181 is modified or added to manage the division and repetition of the order.

At this time, the order information generation unit 15 and the execution management unit 16 make the second order 72b1 a part corresponding to the executed portion of the first order 72a1 when only a part of the first order 72a1 is executed. The first order information 72a and the second order information 72ba, 72bb of the client terminal 3 are divided into the second order 72ba1 of the above and a part of the second order 72bb1 corresponding to the unfilled portion. The first order information 72a and the second order information 72b displayed on the display unit 32 and recorded in the order table 181 are also recorded and managed as the first order information 72aa and 72ab and the second order information 72ba and 72bb. In the first embodiment, for example, as shown in FIG. 22, the split first order information 72aa and 72ab and the split second order information 72ba and 72bb have the same 16-digit order number body of each order number 181A. Since the 8-digit branch numbers are serial numbers, they are recorded in the order table 181 as corresponding states and displayed on the transaction display screen 50. Further, they are in a state of being corresponded to the first order information 72a and the second order information 72b before the division by being similarly given a correspondence relationship with the order number main body and the branch number of the order number 181A. There is.

Further, when the order information generation unit 15 and the execution management unit 16 form the first order 72a1 and the second order 72b1 respectively, and only a part of the first order 72a1 is executed and holds the position, the order information generation unit 15 and the execution management unit 16 form. The first order 72a1 in which a part, that is, 6 out of 10 holds a position, and the second order 72ba1 in which a part of the positions held in the first order 72a1 are settled by a contract are associated with each other. The first order information 72a and the second order information 72ba are displayed on the display unit 32 of the client terminal 3, and are recorded and managed in the order table 181.

Specifically, as shown in FIG. 20, the established quantity information 181L of the first order information 72a is displayed as "6" to indicate the state in which the partial execution has occurred, and the second order information 72ba in the second line. The order quantity information 181K is "6". That is, the established quantity information 181L of the first order information 72a and the order quantity information 181K of the second order information 72ba have the same numbers, and thereby the divided first order information (first order information 72a) of the first order information 72a. The first order 72aa1 according to the order information 72a) and the second order 72ba1 according to the second order information 72ba are shown to be corresponding orders, and can be managed in a corresponding state.

In the first embodiment, in the initial state in which the transaction display screen 50 is displayed, the customer operates the operation unit 31 of the client terminal 3 to correspond the first order 72a1 and the second order 72ba1. The first order information 72aa and the second order information 72ba are displayed in this state, but the display order and items of each information 181A to 181Q can be arbitrarily changed by the customer operating the operation unit 31 of the client terminal 3. Can be made to.

In addition, the order executed by the partial execution and the order ordered based on the order are associated with each other (clearly indicating the correspondence relationship) and displayed on the display unit 32 of the client terminal 3, or recorded in the order table 181. Any configuration other than the above may be used as long as it is a managed configuration. Specifically, for example, a part of the second order 72ba1 that is executed corresponding to the executed first order 72aa1 or a part of the second order that is not executed corresponding to the executed first order 72aa1. It is conceivable that 72bb1 and 72bb1 are displayed in the same or similar colors, figures having the same or similar shapes are displayed together, or the same or similar fonts are displayed. Further, when the order information related to these orders is recorded and managed in the order table 181, it is conceivable to record and manage the order information in a corresponding state by adding the same or similar attribute information.

[Processing procedure (Processing when partial contract is reached (2))]
Next, after only a part of the first order 72a1 is executed and a partial execution occurs (see chart 74 in FIG. 20), the market price becomes the second order price 76, and one of the second orders 72ba1 and 72bb1 or Consider, for example, the case where a partial execution occurs in the second order 72ba1 (see chart 74 in FIG. 24).

For example, as shown in chart 74 of FIG. 20, the market price 77 becomes the first order price 75, 6 of the 10 first orders (not shown) are executed, and then the market price 77 is the first. (Ii) Consider the case where the order price is 76 and 4 of the 6 ordered second orders 72ba1 are executed.

In this case, when the market price reaches the first order price 75 due to the execution of four of the first order 72a1, the established quantity information 181L of the first order information 72a (see Table 73 in FIG. 20) becomes "0". To "6". As a result, the state of the first order information 72aa in the first row of Table 73 in FIG. 24 is obtained. At this time, the first order information 72ab shown in the fourth row of Table 73 in FIG. 24 is generated.

Then, as shown in the chart 74 of FIG. 24, the order status information 181D shown in Table 73 of FIG. 20 is ordered as "ordering" as 6 of the 10 first orders 72a1 are executed. The second order information 72ba in which the quantity information 181K is "6" and the second order information 72bb in which the order status information 181D is "waiting" and the order quantity information 181K is "4" are generated, and the transaction display screen 50 Is displayed in.

Further, when only 4 out of the 6 second order 72ba1 are executed, the established quantity information 181L of the second order information 72ba changes from "0" to "4" as shown in Table 73 of FIG.

As shown in Table 73 of FIG. 24, when 4 out of 6 second orders 72ba1 are executed, the order quantity information 181K is set to "4" as the data constituting the new order information group 71A. The first order information 72aa where the information 181D is "ordering" and the second order information 72baa where the order quantity information 181K is "4" and the order status information 181D is "waiting" are generated, and these are displayed on the transaction display screen 50. Will be done. As a result, as shown in the chart 74 of FIG. 24, four first orders 72aa1 are ordered, and four second orders (not shown in FIG. 24) are in a state of waiting without being ordered.

It should be noted that the first order 72a1 shown in FIG. 24 in which 6 out of 10 sheets are executed is processed in the same manner as described in the above-mentioned "Processing when a partial execution is made (1)", and a new first order is performed. Order information is generated.

It is also shown in FIG. When two of the second order 72ba1 in which four out of six are executed are executed, the order quantity information 181K is "4" and the quantity information is "4" instead of the second order information 72ba shown in FIG. The second order information (not shown in FIG. 24) of "0" and the second order information (not shown in FIG. 24) in which the order quantity information 181K is "2" and the quantity information is "0" are generated. Will be done. In this case, the corresponding first order information (not shown in FIG. 24) is also the first order information (not shown in FIG. 24) in which the order quantity information 181K is "4" and the established quantity information is "0". The first order information (not shown in FIG. 24) whose order quantity information 181K is "2" and whose quantity information is "0" is generated. After that, ifdan orders by each split first order and each split second order based on these order information will be repeated.

The order information generation unit 15 and the execution management unit 16 generate an order information in this processing procedure, place an order and execute an order, divide an order information and an order, repeat an order, and the like, and display the display unit 32 of the client terminal 3 used by the customer. To display. Specifically, the order information generation unit 15 and the execution management unit 16 include a part of the ten second order information 72b related to the second order information 72b in which the plurality of order information, for example, the order quantity information 181K is "10". When only the order is placed, the ordered order, for example, 6 second orders 72ba1 and the unordered order, for example, 4 second orders 72bb1, are displayed on the display unit 32 of the client terminal 3 in a split state. That and / or a plurality of order information, for example, the order quantity information 181K is executed when only a part of the ordered 10 second order 72b1 related to the second order information 72b is executed. Display of the second order information, for example, the second order information 72ba, 72bb, in a state where the ordered order, for example, the second order 72ba1 of 6 pieces and the unfilled order, for example, the second order 72bb1 of 4 pieces, are divided. It is displayed in the unit 32, and is recorded and managed in the order table 181. Further, the order information generation unit 15 and the execution management unit 16 also display, manage, record, and manage the first order 72a1 based on the first order information 72a (see FIG. 24).

At this time, the order information generation unit 15 and the contract management unit 16 are among the second order, for example, the second order 72ba1, which corresponds to the first order, for example, the first order 72a1, in which 6 out of 10 sheets hold positions. Further, when only a part of the second order, for example, the second order 72baa1 is settled, the second order for which the position is settled, for example, the second order 72baa1 and the second order for which the position is not settled, for example, the second order 72bab1 The first order information, for example, the first order information 72aa and the second order information, for example, the second order information 72baa, 72bab are displayed on the display unit 32 of the client terminal 3 and recorded in the order table 181 in a split state. to manage. In the first embodiment, as shown in FIG. 24, the second order information 72ba before the division and the second order information 72ba after the division have the same 16-digit order number body of the order number 181A and an 8-digit branch number. Is a serial number, so that the numbers are recorded in the order table 181 and displayed on the transaction display screen 50 in the corresponding state. Further, although not shown, the second order information 72ba after the division also has the same 16-digit order number body of the order number 181A and the 8-digit branch number is the second order information 72ba before the division or one after the division. The information corresponding to the order number 181A of the second order information 72baa is given.

[Processing procedure (Processing when partial contract is reached (3))]
FIG. 25 shows a modified example of the above-mentioned “processing (1) when a partial contract is reached”.

The figure is a modified example in which only 6 pieces, which are a part of the 10 pieces of the first order 72a1 shown in FIG. 20, are executed. As shown in the figure, in this modification, a part (out of 10 sheets) of the first order 72a1 is replaced with the first order information 72a (see FIG. 20) relating to the first order 72a1 which is only partially executed. By executing 6 sheets), the 10 ordered first orders 72a1 are divided into 6 executed first orders 72aa1 and 4 uncontracted first orders 72ab1. At this time, as shown in Table 73 of FIG. 25, the first order information 72ab used for the transaction of the four uncontracted first orders 72ab1 is generated. In the first order information 72ab, the order status information 181D is "ordering", the order quantity information 181K is "4", and the established quantity information 181L is "0".

As described above, in this modification, when a part of the first order 72a1 is executed, it is divided into six executed first orders 72aa1 and an uncontracted first order 72ab1. The configuration and processing of the first orders 72aa1 and 72ab1 are the same as in the case of the above-mentioned "processing when a partial contract is reached (1)".

With this configuration, the first order information 72ab is generated at the timing when only a part of the first order 72a1 is executed, and the first order 72aa1 that has been executed and the first order 72ab1 that has not been executed are divided. By recording and managing the executed and uncontracted portion of the first order 72a1 that is only partially executed as separate and independent information from the time of execution, the executed first order 72aa1 and the uncontracted first order 72ab1 can be stored. It can be processed and managed independently and independently with a high degree of freedom.

[Processing procedure (Processing when partial contract is reached (4))]
FIG. 26 shows a modified example of the above-mentioned “processing (2) when a partial contract is reached”.

The figure is a modified example in which only 4 pieces, which are a part of the 6 pieces of the second order 72ba1 shown in FIG. 24, are executed. As shown in the figure, in this modification, two second order information 72baa and 72bab are generated in place of the second order information 72ba (see FIG. 24) relating to the second order that is only partially executed. .. Of these, as for the second order information 72baa, the order status information 181D is "ordering", the order quantity information 181K is "4", the completed quantity information 181L is "0", and the ordered four second order 72baa1. Used for trading. On the other hand, in the second order information 72ba, the order status information 181D is "ordering", the order quantity information 181K is "2", the completed quantity information 181L is "0", and the transaction of the two ordered second orders 72ba1. Used for. Immediately after the second order information 72baa is generated, the order status information 181D is changed from "ordering" to "contracted", and processing is performed assuming that the second order 72baa1 is executed, and from the display of the display unit 32. Is erased. As shown in FIG. 24, in this modification, the first order 72a1 is processed in the same manner as the above-mentioned “processing (3) when a partial contract is reached”.

As described above, in this modification, when a part of the second order 72baa1 is executed, it is divided into four executed second order 72baa1 and an uncontracted second order 72bab1.

With this configuration, the second order information 72baa and 72bab are generated at the timing when only a part of the second order 72ba1 is executed, and the second order 72baa1 is divided into the executed second order 72baa1 and the uncontracted second order 72bab1. By recording and managing the second order 72ba1 that is only partially executed as separate and independent information from the time of execution, the executed second order 72baa1 and the uncontracted second order 72bab1 are independently and independently highly flexible. Can be processed and managed independently and independently.

In the modified example shown in FIG. 26, both the first order 72a1 and the second order 72ba1 are partially executed, and at the same time, the second order information 72baa and 72bab separate from the first order information 72aa and 72ab are generated and split. However, the configuration is not limited to this, and for example, the first order 72a1 has the corresponding second order 72ba1 when only a part is executed, as in the case of "processing when a partial execution is made (1)". The second order 72ba1 may be split at the time of execution, and the second order 72ba1 may be divided at the time of execution when only a part of the contract is executed to become the second order 72baa1, 72bab1.

[Processing procedure (Processing when partial contract is reached (5))]
As a modified example, as shown in FIG. 20, when only a part (6 sheets in the same figure) of the ordered 10 first orders 72a1 is executed, the first order is made at a predetermined timing after the execution. It is also possible to divide the first order 72aa1 in which one order is executed and the first order 72ab1 in which the order is not executed.

Specifically, for example, the contract management unit 16 may perform a process of splitting the first order 72a1 which is only partially executed while the transaction of the financial instrument is suspended.

More specifically, for example, for the financial products handled by the first financial instrument transaction management device 1 and the second financial instrument transaction management device 2, 10 first orders are placed in a specific week as shown in FIG. Consider the case where only 6 of 72a1 are executed and then the trading of financial products is resumed after a trading suspension period. In this case, the contract management unit 16 generates the first order information 72aa, 72ab shown in FIG. 25 instead of the first order information 72a shown in FIG. 20 during the transaction suspension period. As a result, during the transaction suspension period, the first order 72a1 shown in FIG. 20 is divided into the first orders 72aa1 and 72ab1 shown in FIG. 25, and when the transaction is started, the display unit 32 of the client terminal 3 is displayed. Is in a state where the first order information 72ab and the second order information 72ba, 72bb shown in Table 73 of FIG. 25 are displayed, and the transaction is performed based on the divided first order 72aa1, ab1.

Similarly, when a part of the second order 72ba1 (4 out of 6 in the figure) shown in FIG. 24 is executed, the execution management unit 16 shows it in the figure during the transaction suspension period. It is also possible to generate the second order information 72baa and 72bab shown in FIG. 26 instead of the second order information 72ba and 72bb and divide the second order information 72baa1 and 72bab1 into the second order information 72baa and 72bab1.

As described above, in the first embodiment, when only a part of the first order 72a1 and / or a part of the second order 72b1 is executed, only a part of the first order 72a1 and / or the second order 72b1 is executed. / Or, by splitting the second order 72ba1 that is only partially executed at a predetermined timing after only a part is executed, the first order 72a1 that is only partially executed and / or only a part The second order 72b1 executed by the above can be divided at a timing suitable for the cause and situation in which only a part of the order is executed, and the management and operation of the transaction including the partial execution can be appropriately performed. As a result, in the transaction of financial products performed using a computer system, the trader can appropriately operate the transaction form including the partial contract.

In the first embodiment, when only a part of the first order 72a1 corresponding to the specific second order 72b1 or the specific second order 72b1 is executed, only a part of the first order 72a1 is executed. A particular second order 72b1 can be split at the right time. As a result, it is possible to appropriately manage and operate transactions including partial contracts.

In the first embodiment, when only a part of the specific first order 72a1 or the second order 72b1 corresponding to the specific first order 72a1 is executed, only a part of the second order 72b1 is executed. The specific first order 72a1 can be split at the timing. As a result, it is possible to appropriately manage and operate transactions including partial contracts.

In the first embodiment, the first order 72a1 and the second order 72b1 which are partially executed and partially uncontracted are referred to as the order quantity information 181K of the first order information 72a and the second order information 72b. By recording, managing, and processing with the established quantity information 181L, it is possible to uniformly record and manage orders for which partial execution has occurred, and to realize simplification of data and consistent processing. ..

In the first embodiment, the execution is performed when only a part of the first order 72a1 and the second order 72b1 based on the first order information 72a and the second order information 72b, for example, the first order 72a1 is executed. By displaying the order, for example, the first order 72a1 as the first order information 72aa on the display unit 32 of the client terminal 3, the order of the financial product ordered is the first order 72a1 and the second order 72b1 scheduled to be ordered. It is possible to correctly operate a transaction in which only a part of the order is placed or a transaction in which only a part of the ordered first order 72a1 and the second order 72b1 is executed, for example, the first order 72a1 is executed. Further, when only a part of the first order 72a1 (for example, 6 out of 10) is executed, the second order 72b1 is the second order 72ba1 corresponding to the part of the executed first order 72a1. And the second order bb1 of a part of the contracted part of the first order 72a1 and the other part, and in this state, the display unit 32 of the client terminal 3 is used as the second order information 72ba, 72bb. By displaying on the client, it is possible to correctly operate a transaction in which only a part of the first order 72a1 (for example, 6 out of 10) and a part of the second order, for example, the second order 72ba1 are executed. As a result, in the transaction of financial products performed using a computer system, the trader can appropriately operate the transaction form including the partial contract.

In the first embodiment, based on the partially executed first order such as the first order 72a1, the ordered order such as the second order 72ba1 and the unordered order such as the second order 72bb1 are divided. / Or, by splitting the executed order, for example, the first order 72aa1 and the unfilled order, for example, the first order ab1, only a part of the first order 72a1 (for example, 6 out of 10) is ordered. , And / or, in the transaction mode to be executed, the transaction form including the partial execution can be appropriately operated by the trader.

In the first embodiment, a part of the first order 72a1 of the ifdan order holding the position and a part of the second order 72b1 for settling the position, for example, the second order 72b1 are associated with each other. By displaying the order quantity information 181K and the established quantity information 181L of the information 72a and the order quantity information 181K and the established quantity information 181L of the second order information 72ba on the display unit 32 of the client terminal 3, the transaction form including the partial contract can be displayed. It can be operated appropriately by the trader.

In the first embodiment, the settlement is performed when the second order 72baa1 which is only a part of the second order 72ba1 which setstles the position held by the first order 72a1 which partially holds the position settles the position. It is possible to divide into a second order, for example, 72baa1 that has been opened and a second order, for example, 72bab1 that has not been settled, so that the trader can appropriately operate the transaction form including the partial contract.

In the first embodiment, the first order 72a1 and the second order 72b1 are repeated by repeating the holding of the position by the execution of the first order 72a1 and the settlement of the held position by the execution of the second order 72b1. It will be possible to provide opportunities for many profits by providing continuous trading opportunities. Further, when the first order 72a1 and the second order 72b1 are divided and repeated, a part of the first order 72aa1 and / or a part of the second order 72b1 of the first order 72a1. When only the second order 72ba1 of the above is executed, the mode is to maintain the division of the executed order, for example, the first order 72aa1 and the unfilled order, for example, the first order 72ab1 before the repetition, and the first order. By displaying the information 72aa, 72ab and the second order information 72ba, 72bb on the display unit 32 of the client terminal 3, the first order 72a1 and / or the second order is repeated in the configuration in which the first order and the second order are repeated. Display all the first orders 72aa1, 72ab1 and / or the second orders 72ba1, 72bb1 when only a part of the order 72b1 is executed, and let the trader properly operate the transaction form including the partial execution. Can be done.

In the first embodiment, the execution information generation unit 25 executes an order based on the generated first order information such as the first order information 72a and the second order information such as the second order information 72b to manage the execution. By managing the contract status in the section 16, it is possible to reliably carry out transactions of financial products.

In the first embodiment, the first order 72a1 and the second order 72b1 of the first order when the partial execution is not performed are also repeated when the partial execution is performed. The first order 72aa1, 72aaa1, 72ab1 And the second order 72ba1, 72bab1, 72bb1 are also configured to be repeated at the same first order price 75 and the same second order price 76, but the first order 72aa1, 72aaa1, 72ab1 and the second order are not limited to this. When the orders 72ba1, 72bab1, 72bb1 are repeated, the first order price 75 and the second order price 76 may change under predetermined conditions.

Specifically, for example, every time the first order 72aa1, 72aa1, 72ab1 and the second order 72ba1, 72bab1, 72bb1 are repeated a predetermined number of times (for example, each time the order is repeated once), a predetermined condition (for example, 1 yen each). ) The first order price 75 and / or the second order price 76 may be configured to fluctuate in an upward or downward direction, or the price of the first order price 75 and / or the second order price 76 and the market price. If the difference is greater than or equal to the specified price difference (for example, if the price difference between the first order price 75 or the second order price 76 and the market price is 10 yen or more), the first order price 75 and / or the second The order price 76 may be changed in the upward or downward direction by a predetermined price (for example, by 10 yen in the fluctuation direction of the market price).

Further, in the first embodiment, the stop loss order information (not shown) exists in the order information group 71A, and the stop loss order is ordered and executed based on the stop loss order information (not shown). In this case, when the first order 72a1 and the second order 72b1 are split based on the first order information 72a and the second order information 72b, the stop loss order information (not shown) and the stop loss order (not shown) are similarly divided. It may be a split configuration. Then, when the stop loss order (not shown) is executed, the corresponding first order (for example, first order 72aa1) and second order (for example, second order 72ba1) are canceled. In this case, the order is placed. Only the first order (for example, first order 72aa1) and the second order (for example, second order 72ba1) corresponding to the stopped loss order (not shown) may be canceled, or the first order before splitting may be canceled. All first and second orders (eg, first order 72ab1 and second order 72bb1) that make up 72a1 and second order 72b1 may also be cancelled. Further, the first order (for example, the first order 72aa1) and the second order (for example, the second order 72ba1) scheduled to be repeatedly ordered or executed after that may be canceled. Further, the first order (for example, the first order 72aa1, 72ab1) and the second order (for example, the second order 72ba1) may not be canceled.

[Embodiment 2 of the Invention]
27 to 28 show Embodiment 2 of the present invention.

In the second embodiment, the first order and the second order are placed at a plurality of prices, respectively, and the holding of the position by the execution of each first order and the held position are settled by the execution of each second order. Each thing is repeated.

In the order input screen 52 shown in FIG. 13, when a numerical value such as "10" is input in the trap number input field 64 and the confirmation button 62 is clicked, and when the order button 66 of the confirmation screen 65 shown in FIG. 14 is clicked, a trap is created. The number entered in the number input field 64, for example, 10 sets of order information groups 71A, 71B, ... 71H, 71J, 71K are generated. As a result, as shown in Table 73 of FIG. 27, the transaction display screen 50 (see FIG. 15) displays 10 first order information 72a, 72c, ..., 72q, 72s related to the ordered order. , 10 second order information 72b, 72d, ..., 72r, 72t related to the unordered order are displayed.

Then, as schematically shown in charts 74 of FIGS. 27 and 28, when the market price 77 fluctuates and reaches the first order price 75 (19,250 yen), the above [basic operation 1] Consider a case where only 6 out of 10 orders can be executed in a state such as [basic operation 2]. In this case, the contract information generation unit 25 performs a process for partially contracting the first order information 72a and the second order information 72b. As a result, the first order information 72a and the second order information 72b are in the state shown in FIG. 28. Then, one or a plurality of first orders, for example, the first order 72a1 shown in FIG. 27, becomes the first order 72aa1 (unfilled) in which 6 out of 10 sheets shown in FIG. 28 are partially executed (contracted). ) The first order is split into 72ab1. Further, at this time, the corresponding second order, for example, the 10 second orders 72b1 shown in FIG. 27, is split into the second order 72ba1 (six ordered) and the second order 72bb1 (four unordered). To do.

After that, as the market price 77 fluctuates, the ordering and execution of the first order 72aa1, 72ab1 and the ordering and execution of the second order 72ba1, 72bb1 are repeated. Further, for the other first order 72c1, ..., 72q1, 72s1 and the other second order 72d1, ..., 72r1, 72t1, the same order, execution, and partial execution are repeatedly performed.

The order information generation unit 15 and the execution management unit 16 generate an order information in this processing procedure, place an order and execute an order, divide an order information and an order, repeat an order, and the like, and display the display unit 32 of the client terminal 3 used by the customer. Is displayed on the transaction display screen 50.

At this time, the order information generation unit 15 and the execution management unit 16 refer to the repeatedly generated first order, for example, the first order 72a1 and the second order, for example, the second order 72b1, with the first order information, for example, the first order information 72a. The second order information, for example, the second order information 72b is displayed on the display unit 32 of the client terminal 3. Further, when the order information generation unit 15 and the execution management unit 16 execute only a part of the first order, for example, the first order 72a1 and / or the second order, for example, the second order 72b1 before the repetition is performed, Repeated first order, eg, first order 72aa1, and / or second order, eg, second order, 72ba1, in a manner that maintains the distinction between executed and unfilled orders prior to repetition, first order information, eg, first. One order information 72aa, 72ab and second order information, for example, second order information 72ba, 72bb are displayed on the transaction display screen 50 on the display unit 32 of the client terminal 3.

Further, the order information generation unit 15 and the contract management unit 16 repeatedly generate a first order such as the first order 72aa1 and a second order such as the second order, for example, the first order, for example, in at least one of the plurality of price ranges. Regarding the second order 72ba1, the first order information, for example, the first order information 72aa and the second order information, for example, the second order information 72ba are displayed on the transaction display screen 50 on the display unit 32 of the client terminal 3.

Other than that, the configuration is the same as that of the first embodiment of the invention.

As described above, in the second embodiment, a plurality of price ranges are set, and in each price range, only a part of the first orders 72a1, 72c1, ..., 72q1, 72s1 can be ordered and executed. And / or, by repeatedly placing and executing the second order 72b1, 72d1, ..., 72r1, 72t1 that can only be partially executed, many continuous trading opportunities are provided in multiple price ranges. In each price range, the first order 72a1,72c1, ..., 72q1,72s1 and / or the second order 72b1,72d1, ..., 72r1,72t1 First order information relating to all first orders 72a1, 72c1, ..., 72q1, 72s1 when only a part is executed, for example, first order information 72aa, 72ab, and / or all second orders 72b1. , 72d1, ..., 72r1, 72t1, second order information, for example, second order information 72ba, 72bb can be displayed so that the trader can appropriately operate the transaction form including the partial contract.

In the second embodiment, as in the case of the first embodiment, the first order 72a1, 72c1, ..., 72q1, 72s1 at the same first order price 75 and the same second order price 76. The ordering and execution of the second order 72b1, 72d1, ..., 72r1, 72t1 is repeated, but the same as in the first embodiment, the first order 72a1, 72c1 is not limited to this. When the ordering and execution of 72q1, 72s1 and the ordering and execution of the second order 72b1, 72d1, ..., 72r1, 72t1 are repeated, the first order price 75 and each of them are set under predetermined conditions. The configuration may be such that each second order price 76 changes.

Further, in the second embodiment, the stop order information (not shown) exists in a part or all of the order information groups 71A, 71B, ... 71H, 71J, 71K, and the stop order information (not shown) is present. When the stop loss order is placed and executed based on (not shown), if the first order 72a1 or the second order 72b1 is split based on the first order information 72a or the second order information 72b, the stop loss order information (stop order information) The stop loss order (not shown) and the stop loss order (not shown) may be similarly split. The mode of cancellation of the first order (for example, the first order 72a1) and the second order (for example, the second order 72b1) due to the split stop loss order is the same as that of the first embodiment. Further, when stop order information exists for each order information group 71A, 71B, ... 71H, 71J, 71K, all the order information groups 71A, by the execution of one stop loss order (not shown), The first order 72a1, 72c1, ..., 72q1, 72s1 and the second order 72b1, 72d1, ..., 72r1, 72t1 related to 71B, ... 71H, 71J, 71K are canceled. You may.

[Embodiment 3 of the invention]
FIG. 29 shows a third embodiment of the present invention.

In the third embodiment, the order input screen 52 shown in FIG. 13 is provided with an upper limit price input field (not shown) and a lower limit price input field (not shown). Then, the order information generation unit 15 receives the upper limit price information (in the third embodiment, the first order price 75 (19,700) at the top of FIG. 29) input in the upper limit price input field (not shown). Information on the value of the upper limit price 82 that matches (yen)) and the lower limit price information (not shown) entered in the lower limit price input field (not shown) (in the third embodiment, the lower limit price 81 (not shown) shown in FIG. Information on the price range 83 (600 yen, which is the price obtained by subtracting the lower limit price 81 from the upper limit price 82 in FIG. 29) formed based on the information on (19,250 yen), and input in the trap number input field 64. A predetermined arithmetic process is performed based on the number of ordered orders, for example, "10", and the respective order prices of a plurality of, for example, 10 first orders 72a1, 72c1, ..., 72q1, 72s1 and 10 pieces. The order prices of the second orders 72b1, 72d1, ..., 72r1, 72t1 are set. As shown in FIG. 28, the order price is the first order price for a predetermined first order that holds a position by execution and the second order price for a predetermined second order that closes a position held by a contract. For example, the first order price 75 of the first order 72a1 and the second order price 76 of the second order 72b1 are formed. Then, in the third embodiment, the price ranges 84,84, ... 84,84 of the first order and the second order belong to the price range 83 (that is, all the price ranges 84,84, ... 84,84 are set as such that some or all of them belong to the price range 83.)

The plurality of set first orders and second orders, for example, the first order 72a1, 72c1, ..., 72q1,72s1 and the second order 72b1,72d1, ..., 72r1,72t1 are embodiments. Similar to 2, the division is performed by partial execution, and the corresponding ordering and execution of the first order and the ordering and execution of the second order are repeated.

The order information generation unit 15 and the execution management unit 16 generate an order information in this processing procedure, place an order and execute an order, divide an order information and an order, repeat an order, and the like, and display the display unit 32 of the client terminal 3 used by the customer. To display.

Other configurations are the same as those of the second embodiment of the present invention.

As described above, in the third embodiment, one or a plurality of price ranges 84 are set in the price range 83 formed between the specific upper limit price 82 and the specific lower limit price 81, and in each price range 84, Orders and executions of the first order 72a1, 72c1, ..., 72q1, 72s1 that can only be partially executed, and / or the second order 72b1, 72d1, ..., 72r1, that can only be partially executed. Repetitive ordering and execution of 72t1 and first order 72a1,72c1, ..., 72q1,72s1 and / or second order in each price range 84,84, ... 84,84 By displaying all the first order and / or the second order when only a part of 72b1, 72d1, ..., 72r1, 72t1 is executed, the transaction form including the partial execution is appropriate for the trader. Can be operated by.

[Embodiment 4 of the Invention]
FIG. 30 shows a fourth embodiment of the present invention.

In the fourth embodiment, the first order and the second order, for example, the first order 72a1,72c1, ..., 72q1,72s1 and the second order 72b1,72d1, ..., 72r1,72t1 are The market price falls or rises above the first order price 75 or the second order price 76, then rises or falls, and then reaches the first order price 75 or the second order price 76 again, and further reaches the first order price 75. It is configured to execute when it becomes more than or less than, or when the second order price becomes 76 or less or more.

Specifically, on the order input screen 52 shown in FIG. 13, a through price range information input field (not shown) and a trail information input field (not shown) are provided. Then, depending on the values entered in these input fields (not shown), each first order information, for example, first order information 72a, and each second order information, for example, second order information 72b, or a database. In any table of 18, through price range information (not shown) for a predetermined value (hereinafter referred to as “through price range”) relating to the price range of the order price and the market price is set.

Then, as shown in the chart 74 of FIG. 30, the ordered first order 72a1 drops beyond the first order price 75, and the price range between the first order price 75 and the market price 77 is the value of the through price range 85. When the first order 72a1 is placed, and then the market price becomes the first order price 75 or more again, the first order 72a1 is executed as a stop order, and the second order 72b1 is not ordered accordingly. From the state of to the state of ordering. Then, when the market price 77 rises above the second order price 76 and the price range between the second order price 76 and the market price 77 exceeds the value of the through price range 85, the second order 72b1 places an order, and then again. When the market price becomes the second order price 76 or less, the second order 72b1 is executed. When the second order 72b1 is executed, the order and the execution of the first order 72a1 and the order and the execution of the second order 72b1 are performed again based on the first order information 72a and the second order information 72b, and thereafter. , The order and execution of the first order 72a1 and the second order 72b1 are repeated in the same manner.

Further, in the fourth embodiment, the trail is activated in each second order information, for example, in the trail information 181Q (see FIG. 15) of the second order information 72b (or in any table in the database 18). As a value of a predetermined value (hereinafter referred to as "trail width". Here, this "trail width" is used as both a price range as a trigger for triggering a trail and a fluctuation range of an order price). Trail width information (not shown) is provided by a specific numerical value. Then, in the fourth embodiment, the market price further rises after the market price exceeds the second order price 76, and as shown in FIG. 30, the price difference between the second order price 76 and the market price is the trail width 86. When the price exceeds, the second order price 76 is newly set to the upward price by the value of the trail width 86. Even after the second order price 76 is newly set, if the market price rises further and the price difference between the second order price 76 and the market price exceeds the trail width 86, the second order price 76 will be the trail width again. The price will be newly set to the upward price by the value of 86. Such resetting of the second order price 76 based on the trail width 86 is repeated until the market price 77 falls without exceeding the trail width 86 and reaches the second order price 76, as shown in FIG.

When the market price reaches the second order price 76 and the second order 72ba1, 72bb1 is executed in the state shown in FIG. 30, before the second order price 76 is newly set based on the trail width 86. (For example, for the second order 72ba1 and 72bb1 in FIG. 30, the second order 72b1 is ordered again at the initial second order price 76, which is the second order price 76 before the trail is activated). Will be done.

The order information generation unit 15 and the execution management unit 16 generate an order information in this processing procedure, place an order and execute an order, divide an order information and an order, repeat an order, and the like, and display the display unit 32 of the client terminal 3 used by the customer. To display.

Other configurations are the same as those of the first embodiment and the second embodiment of the present invention.

As described above, in the fourth embodiment, the market prices of the first order information 72a, 72c, ..., 72q, 72s and the second order information 72b, 72d, ..., 72r, 72t are different, respectively. (1) After falling or rising above the order price 75 and then falling again above or below the first order price 75, or after rising or falling above the second order price 76, the second order price is 76 or less or again. Since it is set to execute after the above, there is a high possibility that you can trade at a price where the falling market turns to the rising market or the price where the rising market turns to the falling market, and you can make a big profit by trading. Can be given the possibility of being obtained. As a result, it is possible to provide an opportunity to obtain many profits in the trading of financial products using a computer system. In addition, the order information as the second order includes trail width information (not shown), and the order information as the second order moves in the ascending direction or the descending direction based on the trail width information (not shown). As a result, it is possible to increase the profit obtained by the trading transaction between the first order 72a1, 72c1, ..., 72p1, 72r1 and the second order 72b1, 72d1, ..., 72r1, 72t1.

In the fourth embodiment, the trail width information is set to the respective first order information, for example, the first order information 72a, and the first order price 75 of the first order 72a1 is also the trail width due to the decrease in the market price. The configuration may be reset in the downward direction by the minute. Further, in the fourth embodiment, the price range as a trigger of the trail width information and the fluctuation range of the order price may be set to different prices. Further, the first order price 75 and the second order price 76 may be reset almost at the same time as the fluctuation of the market price 77, and the first order information 72a, 72c, ..., 72q, 72s may be reset. Order prices 75, 75, ... 75, 75 and current market prices 77 and second order information 72b, 72d, ..., 72r, 72t second order prices 76, 76, ... 76, 76 The first order price 75 and the second order price 76 may be reset when the price difference between them exceeds the trail activation price range by comparing with the current market price 77.

In each of the above embodiments, the case where the first order is a buy order and the second order is a sell order has been described, but the present invention is not limited to this, and the first order is a sell order and the second order is a buy order. It is also applicable to cases.

Further, in each of the above embodiments, the configuration in which the ordering and execution of the first order and the ordering and execution of the second order at one or more prices such as the first order 72a1 and the second order 72b1 are repeated is described. However, the order information generation unit 15 is not limited to this, and in addition to the first order information 72a and the second order information 72b, the reverse limit order for loss cut (stop loss) is ordered and executed. One or more limit order information (not shown) is generated, and when the first order 72a1 is executed, a stop order (not shown) is placed together with the second order 72b1, and when the stop order is executed, the ordered first order is placed. The second order 72b1 and the first order 72a1 and the second order 72b1 that were to be repeated thereafter (only the specific first order 72a1 and the specific second order 72b1 may be used, or the second to fourth executions may be performed. In the form, the first order 72c1, ..., 72q1, 72s1 other than the specific first order 72a1 and the second order 72d1, ..., Other than the specific second order 72b1 related to the ifdan order other than the ifdan order. The order and the contract may be canceled (which may include 72r1, 72t1). Further, a so-called OCO order (for example, a buy first order 72a1 and a sell first order (not shown)) other than the configuration in which the second order 72b1 and the stop order (not shown) are placed at the same time are placed at the same time. On the other hand, when the first order 72a1 for buying is executed due to fluctuations in the market price of financial instruments, the second order 72b1 for selling is placed and the first order for selling (not shown) (and is scheduled to be placed after that). The second order for buying (not shown)) may be canceled.) Further, when the market price resumes after the primary interruption, the first order 72a1 and the second order 72b1 may be executed by the so-called "Itayose method".

In each of the above embodiments, when a partial contract occurs, the first order 72a1 and the second order 72b1 are divided, but the present invention is not limited to this, and a predetermined condition (for example, an order to be combined from a trader) is used. Is entered, or when the number of sheets of all first orders 72a1 and all second orders 72b1 becomes "1", which is the minimum number), a plurality of first orders once split, for example, The first order 72a1, 72a2 or a plurality of second orders, for example, the second order 72b1, 72b2 may be combined to form one first order 72a1 and one second order 72b1.

In each of the above embodiments, a plurality of first orders and second orders are placed at the same order price when a partial contract occurs, but the present invention is not limited to this, and the first to fourth embodiments of the invention are not limited to this. The configuration of may be combined with a configuration in which a plurality of first orders and second orders are always placed at the same order price regardless of the occurrence of partial execution.

In each of the above embodiments, the stock index is treated as a financial product, but the present invention is not limited to this, and for example, stocks, bonds, investment trusts, real estate investment trusts, commodities (commodities), foreign exchange, etc. The present invention may be applied in a financial instruments trading system that handles financial instruments.

In each of the above embodiments, the financial instrument transaction management system 1A is composed of the first financial instrument transaction management device 1 and the second financial instrument transaction management device 2, but the present invention is not limited to this, and one financial instrument. The transaction management device may be configured to be provided with all functional means. Specifically, for example, the financial instrument transaction management system 1A shown in FIG. 1 does not have the second financial instrument transaction management device 2 managed and operated by the financial instrument exchange or the like, and the second finance shown in FIG. 1 does not exist. The configuration may be provided by the first financial product transaction management device 1 in which all the functional means possessed by the product transaction management device 2 are managed and operated by the financial product dealer. On the contrary, the second financial instrument transaction management device 2 does not exist in the financial instrument transaction management system 1A shown in FIG. 1, and all the functional means possessed by the second financial instrument transaction management device 2 shown in FIG. 1 are first. The configuration may be provided in the financial instrument transaction management device 1 of the above.

Further, in each of the above embodiments, the financial product transaction management system 1A is realized in the client / server system of the network computer system, but various computers such as personal computers that do not constitute the client / server system, mobile terminals, tablets, etc. It is also possible to realize the same functions as the financial product transaction management system 1A in various communication terminals and mobile information terminals. At this time, at least a part of the system configuration of the first financial product transaction management device 1 and the financial product transaction management system 1A is configured as a computer program, and the program is implemented on various computers, various communication terminals, and mobile information terminals. It is also possible to realize with.

It goes without saying that each of the above embodiments is an example of the present invention and does not mean that the present invention is limited to each of the above embodiments.

1A ・ ・ ・ Financial product transaction management system 1 ・ ・ ・ First financial product transaction management device (financial product transaction management device)
2 ... Second financial product transaction management device (financial product transaction management device)
14 ... Account information management department (fund management means)
15 ... Order information generation unit (order information generation means)
16 ... Contract management department (contract management means)
25 ... Contract information generation unit (contract information generation means)
72a1,72aa1,72ab1,72aa1 ... 1st order 72b1,72ba1,72bb1,72baa1,72bab1 ... 2nd order 75 ... 1st order price 76 ... 2nd order price 77 ... Market price 81 ... Lower limit price 82 ... Upper limit price 83 ... Price range 84 ... Price range 85 ... Through price range 86 ... Trail width

Claims (13)

A financial product transaction management device that trades financial products with fluctuating market prices.
An order information generation method that generates order information for ordering financial products,
It is equipped with a contract management means for managing the contract of the financial product.
The contract management means
The order information forms a first order and a second order for closing the position held by the first order by the contract, and the first order and / or the second order. If only a part of the contract conditions are met, the first order and the other first order that meet the conditions and / or the second order and the other second order that meet the conditions are placed. A financial instruments transaction management device characterized by splitting. The contract management means
In the first order that holds the position by execution and the second order that closes the position by execution, when the first order is executed, or when the second order is executed, or the first order. (Ii) At any time at a predetermined timing after the order is executed, a part of the second order that causes the second order to be executed corresponding to the executed first order, and the executed first order. The financial instrument transaction management device according to claim 1, wherein one order is split into a part of the second order that is not executed. The contract management means
In the first order that holds the position by execution and the second order that closes the position by execution, when the first order is executed, or when the second order is executed, or the first order. A claim characterized in that the first order is split into a filled first order and an unfilled first order at any time after the order is filled. The financial instrument transaction management device according to 1 or 2. In the execution management means, when the order information forms a first order and a second order, respectively, and only a part of the first order is executed and holds a position, the part of the above that holds the position. A first order or a part of the first order in which the first order before the split occurs and the position of a part of the first order holding the position are settled by a contract. The financial instrument transaction management device according to any one of claims 1 to 3, wherein the second order of the unit is made to correspond to the second order. The order information generating means generates the order information for placing the first order and the second order, respectively, and holds the position based on the order information of the first order and the order information of the second order. Repeatedly settle the position based on
The contract management means
Regarding the first order and the second order
If only a portion of the first order and / or the second order before the repetition is executed, the repeating first order and / or the second order is executed before the repetition. The financial instrument transaction management device according to any one of claims 1 to 4, wherein the distinction between the order and the uncontracted order is maintained. The order information generation means generates order information for ordering the first order and the second order at a plurality of prices, respectively.
The commitments management means, and price of the first order, a plurality of price between the price of the second order corresponding to said first order, at least one of the one of the plurality of the price range The financial product transaction management device according to claim 5, wherein the first order and the second order are repeatedly performed in a price range. The financial instrument transaction management according to claim 6, wherein the order information generating means sets one or more of the price ranges in a price range formed between a specific upper limit price and a specific lower limit price. apparatus. The order information generating means sets the order information as the first order as a reference price at which the first order holds the position, and the market price is the first order price. (1) After falling or rising beyond the order price, the position is set to be held after the price falls above or below the first order price again.
The market price rises beyond the second order price with respect to the second order price set as the reference price for closing the position by the second order with the order information as the second order. Or, after the price has fallen, the position is set to be settled after the price falls below or above the second order price again.
The order information, which is the second order, includes trail width information.
The finance according to any one of claims 1 to 7, wherein the order information, which is the second order, is set to move in an upward direction or a downward direction based on the trail width information. Commodity transaction management device. The financial instrument transaction management device according to any one of claims 1 to 8, further comprising a contract information generating means for executing the order information after the order information matches a predetermined market price. A fund management means for managing fund information as information on the balance of funds in a predetermined account of a trader who trades the financial product is provided.
The contract information generating means confirms the fund information, and if the balance of the funds is less than the amount required for the contract of the financial instrument, among the orders based on the order information ordered at the same price. The financial instrument transaction management device according to claim 9, wherein only a part of the orders is executed. A financial product transaction management system that trades financial products with fluctuating market prices.
An order information generation method that generates order information for ordering financial products,
It is equipped with a contract management means for managing the contract of the financial product.
The contract management means
The order information forms a first order and a second order for closing the position held by the first order by the contract, and the first order and / or the second order. If only a part of the contract conditions are met, the first order and the other first order that meet the conditions and / or the second order and the other second order that meet the conditions are placed. A financial instruments transaction management system characterized by splitting. It is a financial product transaction management method in a financial product transaction management system that trades financial products with fluctuating market prices.
Order information generation procedure to generate order information for ordering financial products,
It is provided with a contract management procedure for managing the contract of the financial product.
In the contract management procedure,
The order information forms a first order and a second order in which the position held by the first order is settled by the execution. Of the first order and / or the second order. If only a part of the contract conditions are met, the first order and the other first order that meet the conditions, and / or the second order and the other second order that meet the conditions. A financial instrument transaction management method in a financial instrument transaction management system, which is characterized by splitting. A program characterized in that a computer functions as the financial instrument transaction management device according to any one of claims 1 to 10 or the financial instrument transaction management system according to claim 11.

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