JP7197219B2 - financial instrument transaction management device, financial instrument transaction management system, program - Google Patents

Description

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

As a trading method for financial products such as foreign exchange, a limit order is known in addition to a market order for trading at the price at the time of the order. This limit order is an order form in which the purchase price is specified in advance by the customer, and when the target financial product drops to the specified price, the financial product dealer will place a buy order for the financial product. or place a sell order for the financial product when it rises to a specified amount. Conventionally, an invention is known in which a limit order for a financial product is placed using a computer system (see, for example, Patent Document 1).

JP-A-2006-99787

Here, in the case of limit orders for financial products, if an if-done order (two orders with ranks are placed at the same time, and the first order (hereinafter referred to as the "first order") is executed, the second order will be automatically placed. (hereinafter referred to as the "second order") is effective. The same applies in this specification.) is often made, but in the invention described in Cited Document 1, if order There is a problem that it can not correspond to the limit order of On the other hand, if the market price of a financial product fluctuates more than it has in the past and there is no prospect of recovery for the time being, the trader holding the financial product should adjust to the fluctuations in the market price in order to minimize damage. In many cases, they want to sell the financial product in response. However, in the invention described in Cited Document 1, the customer who uses the system to trade financial products automatically sells the financial products acquired by the buy order of the limit order according to the future market conditions. In addition, there is a problem that if-done orders cannot be automatically canceled according to market conditions.

SUMMARY OF THE INVENTION The present invention has been made in view of the above-mentioned problems, and is capable of improving the convenience of customers who use the system in trading financial instruments and reducing the risk incurred by customers when placing if-done orders. An object of the present invention is to provide a management device.

In order to achieve such a task, the invention according to claim 1 is a financial product transaction management device for managing a buying and selling transaction of a financial product whose market price fluctuates, comprising a trading device for placing a buying and selling order for the financial product. order input receiving means for receiving order application information; and the trading of the financial product based on the order information generated based on the trading order application information received by the order input receiving means and recorded in the order information recording means. contract information generation means for contracting an order; and trail means for varying the contract price based on a trail as a price range for changing the contract reference price in response to fluctuations in the market price. , a buy order or a sell order for the same type of financial product generated based on one of the buy/sell order application information at a first price set as a reference price for executing the first order in the if-done order and the order to place a sell order or a buy order at a second price set as a reference price for executing the second order placed by the execution of the first order in the if-done order With respect to a plurality of order information groups consisting of information, the trail means calculates the base price for executing the first order and/or the second order based on the trail as the market price fluctuates. and the execution information generating means causes the market price to fluctuate to one of the high price side and the low price side, the order price of the first order to trail by the processing of the trailing means, and the market price agrees with the first price a predetermined number of times, executing the first order at the first price; When the order price of the second order trails by the processing of the trailing means, and the market price matches the second price a plurality of predetermined times, the second order is executed. A contract is made at the second price.

The invention according to claim 2, in addition to the configuration according to claim 1, comprises the order information recording means and the market price information management means for acquiring and managing market price information of the financial product, and The information generating means sets the first order as a valid order and the second order as an invalid order among the order information group recorded in the order information recording means, forming the order information group. The financial product is contracted based on the first order among the order information, and along with the contract, the second order is changed from an invalid order to a valid order, and the current market price is changed to the first order. It is characterized in that the financial product is contracted based on the second order when the price becomes a reference for contracting two orders.

The invention according to claim 3 is a financial instrument transaction management system for managing a trading transaction of a financial instrument whose market price fluctuates, wherein an order input reception for receiving trading order application information for placing a trading order for the financial instrument. and execution information generation for executing the trading order of the financial product based on the order information generated based on the trading order application information received by the order input receiving means and recorded in the order information recording means. means, and trail means for varying the contracted price based on a trail as a price range for varying the contracted reference price in response to fluctuations in the market price; the order information generated based on the information for placing a buy order or a sell order for the same type of financial instrument at a first price set as a reference price for executing the first order in the if-done order; , a plurality of order information consisting of the order information for placing a sell order or a buy order at a second price set as a reference price for executing the second order placed by the execution of the first order in the if done order With respect to the group, the trailing means changes the price that is the basis for execution of the first order and/or the second order based on the trail as the market price fluctuates, and the execution information The generating means causes the market price to fluctuate to one of the high price side and the low price side, the order price of the first order to trail by the processing of the trailing means, and the market price to the first price. Execution of the first order at the first price when a match is made a predetermined number of times; When the order price of the second order trails by the processing of the trailing means and the market price matches the second price a predetermined number of times, the second order is executed at the second price. characterized by

According to a fourth aspect of the present invention, there is provided a program that causes a computer to function as the financial product transaction management apparatus according to the first or second aspect.

According to the inventions described in claims 1 and 3, the same type of financial product generated based on one purchase and sale order application information is set as a price that serves as a reference for executing the first order in the if-done order. Order information to place a buy order or a sell order at the first price, and sell at the second price set as the base price for executing the second order placed by the execution of the first order in the if-done order For a plurality of order information groups consisting of order information for placing an order or a buy order, the reference price for executing the first order and/or the second order is changed according to the fluctuation of the market price based on the trail. , the market price fluctuates to one of the high price side and the low price side, the order price of the first order trails by the processing of the trailing means, and the market price matches the first price a predetermined number of times When the first order is executed at the first price, and the market price fluctuates to the other side of the high side and the low side, the order price of the second order is trailed by the processing of the trailing means. Then, when the market price matches the second price a predetermined number of times, the second order is executed at the second price, and by performing one order procedure on the client terminal side, the same Orders for any type of financial instrument can be placed using the computer system. Then, based on the trail, it is possible to change the prices that serve as the reference prices for executing the first order and the second order. In the futures trading of financial instruments, if customers who use the system do not have to go through complicated ordering procedures, and even if future market conditions change unfavorably for users, the amount of damages can always be kept to a minimum. It becomes possible to place an order. As a result, it is possible to improve the convenience of customers who use the system in transactions of financial products, and reduce the risk that customers suffer when placing an if-done order.

According to the inventions of claims 1 and 3, it is possible to vary the reference price for executing the first order and/or the second order based on the trail width information.
According to the second aspect of the invention, order information recording means, market price information management means for acquiring and managing information on market prices of financial products, and contract information generating means for contracting financial products based on order information. The contract information generating means treats the order information of the first order among the group of order information recorded in the order information recording means as valid order information and the order information of the second order as invalid order information. , the contract information generating means executes a contract of the financial product based on the order information of the first order among the individual order information forming the order information group, and converts the order information of the second order from the invalid order information to the valid order information together with the contract. When the current market price becomes the standard price for executing the second order, the financial product is executed based on the order information of the second order. In futures trading, it is possible to realize if-done orders that minimize the amount of damages at all times even if future market conditions change unfavorably for users, without complicated ordering procedures by customers using the system. . As a result, it is possible to improve convenience for customers using the system and reduce the risk that the customer suffers when placing an If-Done-Order.

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

1 is a system configuration diagram and a functional block diagram of a financial product transaction management device in the financial product transaction management system of Embodiment 1; FIG. FIG. 4 is a schematic diagram of field definitions of an order table of the same financial product transaction management apparatus; FIG. 10 is a flow chart showing an execution procedure when accepting a stop loss order in the same financial product transaction management apparatus; FIG. Displayed on the display unit of the client terminal by the same financial instrument transaction management device (a) A customer places a buy stop order for the same type of financial instrument at the "first price" and sells and reverses at the "second price" Image of the input screen where various selections and inputs are made when wishing to place a limit order, (b) For the same type of financial product, a sell stop order is made at the "first price" and the "second is an image diagram of an input screen for placing a buy stop order for "price of". 4 is an image diagram of an input screen; FIG. FIG. 4 is a diagram schematically showing an order information group recorded in an order table in the same financial product transaction management apparatus; FIG. 10 is a flow chart showing a procedure for executing a buy stop order after acceptance of a stop loss order in the same financial product transaction management apparatus; FIG. FIG. 10 is a flow chart showing a procedure for executing a sell stop order after acceptance of a stop order in the same financial product transaction management apparatus; FIG. 4 is a time chart showing the relationship between the market price and stop order processing in the same financial product transaction management apparatus; 4 is a time chart showing the relationship between the market price and stop order processing in the same financial product transaction management apparatus; 4 is a time chart showing the relationship between the market price and stop order processing in the same financial product transaction management apparatus; FIG. 4 is a diagram schematically showing an order information group recorded in an order table in the same financial product transaction management apparatus; FIG. 10 is a flow chart showing an execution procedure after acceptance of a stop loss order in the same financial product transaction management apparatus; FIG. FIG. 10 is a flow chart showing an execution procedure after acceptance of a stop loss order in the same financial product transaction management apparatus; FIG. 4 is a time chart showing the relationship between the market price and stop order processing in the same financial product transaction management apparatus; 4 is a time chart showing the relationship between the market price and stop order processing in the same financial product transaction management apparatus; 4 is a time chart showing the relationship between the market price and stop order processing in the same financial product transaction management apparatus; FIG. 10 is an image diagram of an input screen displayed on the display unit of the client terminal by the financial product transaction management apparatus according to Embodiment 2 of the present invention; FIG. 4 is a diagram schematically showing an order information group recorded in an order table in the same financial product transaction management apparatus; FIG. 10 is a flow chart showing an execution procedure after acceptance of a stop loss order in the same financial product transaction management apparatus; FIG. FIG. 10 is a flow chart showing an execution procedure after acceptance of a stop loss order in the same financial product transaction management apparatus; FIG. FIG. 20 is a time chart showing the relationship between the market price and stop order processing in the processing procedure shown in the flowchart of FIG. 19 in the same financial product transaction management apparatus; FIG. 20 is a time chart showing the relationship between market price and stop order processing in the processing procedure shown in the flowchart of FIG. 19 in the same financial instrument transaction management apparatus;

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

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

The financial product transaction management apparatus 1 is a server computer managed and operated by a financial product dealer, and has a web server function and a database function for storing large amounts of data. _Client terminals 2 ₁ , . do. The client terminals 2 ₁ , . . . , 2 _n include operation units 21 ₁ , _. , _{22n for displaying various instructions and various images input from 1 , .} . . , _21n . The client terminals 2 ₁ , . . . , _{2 n} , the operation _units 21 ₁ , _. The client terminal 2 , the operation unit 21 , and the display unit 22 are used unless otherwise specified.

Although not shown in FIG. 1, the financial instrument transaction management apparatus 1 includes at least one CPU (Central Processing Unit), RAM (Random Access Memory) functioning as a work area for the CPU, a startup boot program, etc. A ROM (Read Only Memory) in which is recorded, an auxiliary storage device such as a hard disk in which various programs and data are recorded, a communication interface used for transmitting and receiving data, and the like are provided. Auxiliary storage stores OS (Operating System) programs, various application programs, data recorded in databases, etc. These programs and data cooperate with hardware resources through arithmetic processing by the CPU. various functions.

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

The order input receiving unit 12 receives data related to various orders input from the client terminal 2 and performs various processes necessary to establish orders for financial products.

The deposit/withdrawal information generator 13 receives a deposit/withdrawal request from the client terminal 2 and creates a deposit/withdrawal list based on the request.

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

The contract information generator 14 performs contract processing based on the order generated by the order information generator 16 and processing for sending information on completed contract processing to the client terminal 2 of the customer. The term "agreement" here refers to various procedures and processes for establishing a trade in a financial product based on a customer's order. As will be described later, when a contract is established in the first embodiment, foreign exchange is traded. The information (described later) is converted, and the deposit/withdrawal information generation unit 13 writes the deposit/withdrawal status in the deposit/withdrawal list. In addition, when a contract is established, the contract information generation unit 14 displays text information indicating that the contract has been established on the display unit 22 of the client terminal 2, and also, based on the trading price, the bank account of the client terminal. process.

The account information generation unit 15 has a function of generating customer deposit balance information and managing the deposit balance information as margin information (that is, information to prove that an order can be executed). In addition, in order to ensure consistency with the actual deposit balance, the information regarding the deposit balance generated by the account information generation unit 15 is periodically updated with the information regarding the customer's actual deposit balance provided by a financial institution such as a bank. Matched.

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

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

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

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

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

FIG. 2 is a schematic diagram of field definitions of the order table 181. As shown in FIG. As shown in the figure, the order table 181 has as many fields as the number of items. , non-blank specification (Not Null), presence/absence of default value (default value), data item name (remarks), etc. are defined.

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

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

FIG. 3 shows a buy stop order (new buy stop order) of one currency as the "first price" and the "second price" in the financial instrument transaction management system 1 of the first embodiment. is a flow chart showing the execution procedure when accepting a sell stop order (new sell stop order) of another currency. The execution procedure at the time of reception will be described below with reference to the same figure.

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

FIG. 4(a) shows that the financial product transaction management system 1 of the first embodiment executes a buy stop order for the same type of financial product at the "first price" and at the same time for the "second price". FIG. 10 is an image diagram of an input screen for placing a sell stop order. In the figure, various inputs and selections are displayed for the same order.

On this input screen 40, there are a trading desired currency pair selection button 401 as a "trading desired input means" for displaying currency pairs that can be traded on the screen, and a trading type selection button 402 for displaying the trading type of the limit order to be executed first. , an order type selection button 403 for displaying selectable order types, a buy stop order (new buy stop order) or a sell stop order (new sell first stop order price entry field 404 as the "first order price entry field" into which the first price of the stop order is entered, buy stop order as the "first price", or sell stop order A first trail width input field 405 in which the amount of the trail width of is input, and a first trail start price input field in which the trail start price of a buy stop order or a sell stop order is input as the "first price". 406, Stop loss width input as a "price range input field" where the price of the stop loss range of the sell stop order or buy stop order is entered as the "price range when selling or buying at the second price" A field 407, an order amount input field 408 for inputting the amount of currency traded by execution of each limit order and stop loss order, and an expiration date selection button 409 for displaying the expiration date of each stop loss order are displayed. there is It should be noted that the price entered in the first stop order price input field 404 forms the initial price of the first order of the if-done order, as described below.

When a customer desires to place a buy stop order at a first price and a sell stop order at a second price of the same kind of financial product, the customer operates the operation unit 21 to execute the transaction. The user inputs that he or she desires the order, and further selects and inputs the data of the order content on the input screen 40 (step S1). FIG. 4(a) shows various selections and options when the customer wishes to place a buy stop order at a first price and a sell stop order at a second price of the same type of financial product. FIG. 4 is an image diagram of an input screen 40 on which an input has been made; In FIG. 4(a), select US dollar/Japanese yen (trading US dollars in Japanese yen) with the desired trading currency pair selection button 401, select "buy" with the trading type selection button 402, The order type selection button 403 is used to select "trend if done" (an if done order using a plurality of stop orders for the same type of financial product in this first embodiment. Hereinafter, this transaction mode will be referred to as a "trend if done order"). )", enter 103.00 yen in the first stop order price input field 404, 1.00 yen in the first trail width input field 405, and 102.50 in the first trail start price input field 406. Yen, 2.00 yen in the stop loss width input field 407, 100,000 dollars in the order amount input field 408, and "weekend" selected by the expiration date selection button 409 are displayed.

In this state, when the selection button 410 is clicked and the data input/selected on the input screen 40 is supplied to the financial instrument transaction management device 1, the order input reception unit 12 of the financial instrument transaction management device 1 Confirm the contents of the order. That is, the deadline selected by the expiration date selection button 409 and the order type selected by the order type selection button 403 are confirmed, and furthermore, each order price is inspected (step S2). Specifically, the order entry receiving unit 12 collects the price of the buy stop order entered in the first stop order price entry field 404 of the currency pair selected by the desired buy/sell currency pair selection button 401, and the price information. A comparison with the current exchange rate received by the reception management unit 19 is performed. The order entry reception unit 12 judges the price as a fair price only when the customer can make a profit, that is, only when the buy stop order price is lower than the current exchange market price.

If the buy stop order price is determined to be a proper price (“No” in step S3), the account information generation unit 15 acquires margin information of the customer in the customer account information table 182. FIG.

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

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

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

If the margin amount is equal to or greater than the order allowable amount ("No" in step S5), the order input receiving unit 12 determines the order conditions based on the data recorded in the currency pair order condition table 183. It is checked whether or not various conditions of the trend-if-done order other than the above are satisfied (step S6).

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

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

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

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

FIG. 5 is a diagram schematically showing an order information group generated by the order information generation unit 16 and recorded in the order table 181. As shown in FIG. The table shown in FIG. 1 is also image-displayed on the display unit 22 of the client terminal 2 by the front page distribution unit 11.

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

As shown in FIG. 5, first-order order information 1811, first settlement order information 1812, and second settlement order information 1813 consist of order information 181A as an order serial number, customer Number 181B, currency pair information 181C for identifying a combination of currencies to be traded (mainly a combination of Japanese yen and a foreign currency), and a position as a foreign currency position in one order (hereinafter simply referred to as "position"). The order amount information 181D as price information of the same in this specification), order time information 181E as information on the time when the order was placed, identifying whether the order is a "sell order" or a "buy order" Trading direction information 181F as flag information, order price information 181G as "contract price information", order expiry date information 181H as information indicating the expiry date of each order information 1811, 1812, 1813, for example, "market order" Order type information 181I as flag information for identifying the type of order such as "If done order", whether each order information is "new order" or "settlement order", and whether it is "limit order" or "stop order" new/settlement information 181J as flag information identifying whether the Range information 181K, trail start price information 181L as information on the market price for starting the trail order, stop loss range information 181M that defines the price difference between the first settlement order information 1812 and the second settlement order information 1813, each If the order information 1811, 1812, 1813 is valid as order information for a stop loss order (or limit order) that has already been placed, or is invalid as order information for a stop loss order (or limit order) before placing an order. Valid/invalid information 181N as "valid/invalid identification information", which is flag information for identifying order information, and whether each order information 1811, 1812, 1813 is first order information or second order information Attribute information includes ranking information 181P as flag information for identifying whether it is order information, and contract presence/absence information 181Q as flag information for identifying "yes" or "no" of contract for each order information. The second settlement order information 1813 includes order information 181A, customer number 181B, currency pair information 181C, order amount information 181D, order time information 181E, trading direction information 181F, order price information 181G, order expiry date information 181H, and order type. It has information 181I, new/settlement information 181J, stop loss width information 181M, valid/invalid information 181N, and contract presence/absence information 181Q as attribute information. These attribute information are based on the information input from the input screen 40, and are recorded in the order table 181 based on the field definition described above.

As shown in FIG. 5, each order information 1811, 1812, 1813 is provided with contract price information as order amount information 181D. As will be described later, the contract price defined in the order amount information 181D fluctuates in accordance with market price fluctuations according to trail width information 181K, trail start price information 181L, and stop loss width information 181M.

As shown in the valid/invalid information 181N in FIG. 5, all order information 1811, 1812, and 1813 are treated as invalid order information that is invalid (hereinafter simply referred to as "invalid") as a stop loss order at the beginning of generation. ing.

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

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

FIG. 6 is a flow chart showing the procedure for executing a buy stop order after acceptance of a stop loss order in the financial instruments transaction management device 1 of the first embodiment, and FIG. 8 shows the financial instruments transaction management of the first embodiment. 4 is a time chart showing the relationship between the market price and stop loss order processing in the apparatus 1; The execution procedure will be described below based on these figures.

After the acceptance is completed, the price information reception management unit 19 of the financial product transaction management device 1 continues to acquire information on the market price of the exchange market (step S11). For example, as shown in (a) of FIG. 8, if the market price at the time of completion of acceptance is 1 dollar = 103.50 yen, the market price drops and the buy stop order price (first stop loss order price input 1 dollar = 103.00 yen, which is the price entered in column 404), and the buy stop order trail start price (the price entered in the first trail start price entry column 406) of 1 dollar = 102.50. (Step S12a), the execution information generation unit 14 converts the flag information of the valid/invalid information 181N of the first order order information 1811 from "invalid" to "valid", thereby Place a buy stop order for 1 dollar = 103.00 yen (step S13). On the other hand, if the market price does not fall to the buy stop order trail start price after reaching the buy stop order price (step S12b), the contract information generation unit 14 determines whether the first order order information 1811 is valid/ The conversion of the flag information of the invalid information 181N is not performed, and no buy stop order is placed (step S14).

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

On the other hand, if the market price reaches 103.00 yen per dollar without falling to 101.50 yen per dollar after step S13 (step S15b), the execution information generation unit 14 places a buy stop loss order. The buy stop order price of 1 dollar = 103.00 yen ordered in S13 is contracted (step S17). That is, the contract information generation unit 14 converts the flag information of the contract presence/absence information 181Q of the order information 1811 of the first rank from "no" to "yes" along with the contract, and according to the instruction of the contract information generation unit 14, the account information generation unit 15 converts the margin information (described later) according to the trading amount, and the deposit/withdrawal information generation unit 13 describes the deposit/withdrawal status in the deposit/withdrawal list. Furthermore, when a contract is established, the contract information generation unit 14 displays text information indicating that the contract is established on the display unit 22 of the client terminal 2, and also, based on the trading price, makes a payment to or from the bank account of the client terminal. process (in the first embodiment, when a "contract" is made, the financial instrument transaction management apparatus 1 performs the same process).

In step S17, even if slippage (a price difference between the ordered price and the contracted price) occurs when contracting the first order order information 1811, the contract information generating unit 14 The first order information 1811 is contracted. Specifically, for example, the contract information generation unit 14 determines not only when the market price is just 1 dollar = 103.00 yen ordered in step S13, but also when the market price is higher than 1 dollar = 103.00 yen (for example, If the price range exceeds 103.00 yen to 103.50 yen to 1 dollar), the first order information 1811 is set to be executed. As a result, contracts are executed even when slippage occurs (the same applies to step S19, which will be described later).

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

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

The above procedure is continued until the buy stop order is executed.

FIG. 7 is a flow chart showing the procedure for executing a sell stop order after acceptance of a stop order in the financial instruments transaction management device 1 of the first embodiment, and FIG. 9 shows the financial instruments transaction of the first embodiment. 5 is a time chart showing the relationship between the market price and stop loss order processing in the management device 1; The execution procedure will be described below based on these figures and FIG. 8 described above.

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

After the process of step S20, the market price rises, and the market price changes to 1 dollar = 102.00 yen, which is the order price in step S20. When 1 dollar = 103.00 yen, which is the amount obtained by adding 1.00 yen (the price recorded in the range information 181K) (step S21a), the execution information generation unit 14 calculates the price of the sell stop order. to 1 dollar = 101.00 yen, which is the sum of 1 dollar = 100.00 yen, which is the price of the sell stop order placed in step S20, and 1.00 yen, which is the sell stop order trail width. change (step S22). That is, the order price information 181G of the second settlement order information 1813 is changed from 1 dollar = 100.00 yen to 1 dollar = 101.00 yen. On the other hand, if the market price does not rise to 103.00 yen to 1 dollar after step S20 and falls to 100.00 yen to 1 dollar (step S21b), the contract information generation unit 14 generates the second settlement order information 1813 is contracted at the sell stop order price of 1 dollar = 100.00 yen ordered in step S20 (step S23).

In step S23, even if slippage occurs when executing the second settlement order information 1813, the execution information generation unit 14 does not execute the execution of the first settlement order information 1812 and the second settlement order information 1813. I do. Specifically, for example, the contract information generation unit 14 determines whether the market price is lower than 1 dollar = 100.00 yen (e.g. The second settlement order information 1813 is set to be contracted if the price range is less than 100.00 and 99.90 yen or more. As a result, contracts are executed even when slippage occurs (the same applies to steps S25, S26, S29, and S31, which will be described later).

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

The procedures similar to those of steps S20 to S26 are repeated until the sell stop order is executed (steps S27a to S31). For example, as shown in (e) of FIG. 9, the market price rises to 1 dollar = 105.00 yen (step S27a), and the execution information generation unit 14 changes the price of the sell stop order from 1 dollar = 102.00 yen. After the change to 1 dollar = 103.00 yen (step S28), the market price does not rise to 1 dollar = 106.00 yen as shown in Fig. 9(f), but 1 dollar = 103.00 yen. If the price falls (step S30b), the contract information generation unit 14 executes the sell stop order at 1 dollar=103.00 yen (step S31). When the sell stop order is contracted, the contract information generator 14 converts the flag information of the contract presence/absence information 181Q of the first settlement order information 1812 and the second settlement order information 1813 from "no" to "yes". .

As a result, as shown in the time chart of (g1) in FIG. 10, for example, after the market price falls below the buy stop order price at the time of placing the order (1 dollar = 103.00 yen in (g1) of FIG. 10), Second, the buy stop order price when the market price is executed (1 dollar = 102.00 yen in (g1) of Fig. 10) and the stop loss width (2.00 yen in (g1) of Fig. 10) and sell The price ((g1 in FIG. 10 ), the market price rises above 1 dollar = 106.00 yen), and the market price falls again and is executed at a specific sell stop order price (1 dollar = 104.00 yen in (g1) of Fig. 10) If so, the client can make a profit equal to the sell stop order price at the time of execution minus the buy stop order price at the time the order was placed.

On the other hand, for example, as shown in the time chart of (g2) in FIG. 10, after the market price falls below the buy stop order price at the time of execution (1 dollar = 102.00 yen in (g2) of FIG. 10) and then the buy stop order price at the time of execution minus the stop loss width (2.00 yen in (g2) of Fig. 10) (1 dollar = 100 in (g2) of Fig. 10) 00 yen), the customer will be able to stop the loss from the transaction at the amount of the buy stop order price at the time of placing the order minus the sell stop order price at the time of execution, so it will suffer a great loss. You can avoid the situation.

In this Embodiment 1, first order information 1811 after acceptance of a stop loss order and second order information for placing a stop loss order at a second price are formed as first settlement order information. 1812 and the second settlement order information 1813, when there is a cancellation request as a request to cancel the order by operating the operation unit 21 of the client terminal 2, the contract information generation unit 14 converts the order information 1811 , 1812 and 1813 (and an order information group 1810B to be described later) are all deleted from the order table 181. As a result, it is possible to prevent complication of information processing in the system configuration and system of the financial product transaction management system 1A while further enhancing the convenience for customers using the financial product transaction management system 1A.

On the other hand, when the customer wishes to place a stop loss order to sell the same type of financial product at a first price and a stop loss order to buy at a second price, the customer displays On the displayed transaction selection screen (not shown), sell the same type of financial product (for example, a combination of US dollar and Japanese yen) at the "first price" and place a stop loss order, and Select a trade to place a buy stop order for. Then, the customer selects and inputs the data of the order content on the input screen 40 (step S1).

FIG. 4(b) shows that the same kind of financial product in the financial product transaction management system 1 according to the first embodiment is subjected to a sell stop order at the "first price" and at the same time at the "second price". It is an image diagram of an input screen for placing a buy stop loss order. In the figure, various inputs and selections are displayed for the same order.

In FIG. 4(b), select US dollar/Japanese yen (trading US dollars in Japanese yen) with the desired trading currency pair selection button 401, select "sell" with the trading type selection button 402, Select "trend if not order" with the order type selection button 403, enter 104.00 yen in the first stop order price input field 404, enter 1.00 yen in the first trail width input field 405, and enter the first trail start price input field. 104.50 yen is entered in 406, 2.00 yen is entered in the stop loss width input field 407, and 100,000 dollars is entered in the order amount input field 408, and "weekend" is selected by the expiration date selection button 409. ing.

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

FIG. 12 is a flow chart showing the procedure for executing a sell stop order after acceptance of a stop order in the financial instruments transaction management device 1 of the first embodiment, and FIG. 14 shows the financial instruments transaction management of the first embodiment. 4 is a time chart showing the relationship between the market price and stop loss order processing in the apparatus 1; The execution procedure will be described below based on these figures.

After the acceptance is completed, the price information reception management unit 19 of the financial product transaction management device 1 continues to acquire information on the market price of the exchange market (step S41). For example, as shown in (a) of FIG. 14, if the market price at the time of completion of acceptance is 1 dollar = 103.50 yen, the market price rises and the sell stop order price (the first stop loss order price input field 404), which is the price entered in 404), and further up to the sell stop order trail start price (the price entered in the first trail start price input field 406) of 1 dollar = 104.50. When it rises (step S42a), the contract information generation unit 14 converts the flag information of the valid/invalid information 181N of the order information 1811 of the first order from "invalid" to "valid", which is the sell stop order price. A sell stop order of 1 dollar = 104.00 yen is placed (step S43). On the other hand, if the market price does not rise to the sell stop order trail start price after reaching the sell stop order price (step S42b), the execution information generation unit 14 determines whether the first order order information 1811 is valid/ The conversion of the flag information of the invalid information 181N is not performed, and no selling stop order is placed (step S44).

As shown in FIG. 14(b), after step S43, when the market price further rises to 1 dollar = 105.50 yen (step S45a), the execution information generator 14 generates a sell stop order. The price is 1 dollar, which is 1 dollar = 104.00 yen ordered in step S43 plus 1.00 yen, which is the trail width of the sell stop order (the price entered in the first trail width input field 405). = 105.00 yen (step S46) That is, the order price information 181G of the first order order information 1811 is changed from 1 dollar = 104.00 yen to 1 dollar = 105.00 yen.

On the other hand, if the market price reaches 1 dollar = 104.00 yen without rising to 1 dollar = 105.50 yen after step S43 (step S45b), the execution information generation unit 14 places a sell stop loss order. The sell stop order price of 1 dollar = 104.00 yen ordered in S43 is contracted (step S47). Specifically, the same processing as in step S17 is performed. That is, the contract information generation unit 14 converts the flag information of the contract presence/absence information 181Q of the order information 1811 of the first rank from "no" to "yes" along with the contract, and according to the instruction of the contract information generation unit 14, the account information generation unit 15 converts the margin information in accordance with the trading amount, and the deposit/withdrawal information generation unit 13 describes the deposit/withdrawal status in the deposit/withdrawal list. Furthermore, when a contract is established, the contract information generation unit 14 displays text information indicating that the contract is established on the display unit 22 of the client terminal 2, and also, based on the trading price, makes a payment to or from the bank account of the client terminal. process.

In step S47, the contract information generation unit 14 executes the order information 1811 of the first order even if slippage occurs when the order information 1811 of the first order is contracted. Specifically, for example, the contract information generating unit 14 determines whether the market price is lower than 1 dollar = 104.00 yen (for example If the price range is less than 104.00 and up to 103.50 yen or more, the order information 1811 of the first order is set to be executed. As a result, contracts are executed even when slippage occurs (the same applies to step S49, which will be described later).

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

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

The above procedure is continued until the sell stop order is filled.

FIG. 13 is a flow chart showing the procedure for executing a sell stop order after acceptance of a stop loss order in the financial instruments transaction management device 1 of the first embodiment, and FIG. 15 shows the financial instruments transaction of the first embodiment. 5 is a time chart showing the relationship between the market price and stop loss order processing in the management device 1; The execution procedure will be described below based on these figures and FIG. 14 described above.

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

After the process of step S50, the market price falls, and the market price changes from the order price of 1 dollar = 107.00 yen in step S50 to the buy stop order trail width (inputted in the first trail width input field 405, trail When 1 dollar = 106.00 yen, which is the amount obtained by subtracting 1.00 yen, which is the price recorded in the range information 181K (step S51a), the execution information generation unit 14 determines the price of the buy stop order. to 1 dollar = 106.00 yen, which is the amount obtained by subtracting 1.00 yen, which is the buy stop order trail width, from 1 dollar = 107.00 yen, which is the price of the buy stop order placed in step S50. change (step S52). That is, the order price information 181G of the second settlement order information 1813 is changed from 1 dollar = 107.00 yen to 1 dollar = 106.00 yen. On the other hand, if the market price does not fall to 1 dollar = 104.00 yen after step S50 and rises to 1 dollar = 107.00 yen (step S51b), the contract information generation unit 14 generates the second settlement order information 1813 is contracted at the buy stop order price of 1 dollar = 107.00 yen ordered in step S50 (step S53).

In step S53, even if slippage occurs when executing the second settlement order information 1813, the execution information generating unit 14 does not execute the execution of the first settlement order information 1812 and the second settlement order information 1813. I do. Specifically, for example, the contract information generation unit 14 determines whether the market price is higher than 1 dollar = 107.00 yen (for example If the price range exceeds 107.00 yen per dollar and is equal to or less than 107.10 yen per dollar), the second settlement order information 1813 is set to be executed. As a result, contracts are executed even when slippage occurs (the same applies to steps S55, S66, S59, and S61, which will be described later).

As shown in (d) of FIG. 15, after step S50, if the market price further drops to 1 dollar = 103.00 yen (step S54a), the contract information generator 14 The buy stop order price is changed to 1 dollar = 105.00 yen (step S55). On the other hand, if the market price does not fall to 103.00 yen per dollar but rises to 106.00 yen per dollar after step S52 (step S54b), the execution information generating unit 14 places a buy stop order in step S52. At the stop loss order price of 1 dollar = 106.00 yen ordered in (step S56).

The procedures similar to those of steps S50 to S56 are repeated until the buy stop order is executed (steps S57a to S61). For example, as shown in (e) of FIG. 14, the market price drops to 1 dollar = 102.00 yen (step S57a), and the execution information generator 14 changes the price of the buy stop order from 1 dollar = 105.00 yen. After the change to 1 dollar = 104.00 yen (step S58), the market price does not fall to 1 dollar = 101.00 yen as shown in Fig. 15(f), and 1 dollar = 104.00 yen. If the price rises (step S60b), the execution information generation unit 14 executes the buy stop order at 1 dollar = 104.00 yen (step S61). When the buy stop loss order is executed, the execution information generation unit 14 converts the flag information of the execution presence/absence information 181Q of the first settlement order information 1812 and the second settlement order information 1813 from "no" to "yes". .

As a result, for example, as shown in the time chart of (g1) in FIG. 16, after the market price rises above the sell stop order price at the time of placing the order (1 dollar = 104.00 yen in (g1) of FIG. 10), In addition, the market price changes from the sell stop order price at the time of execution to the stop loss width (2.00 yen in (g1) of FIG. 10) and the buy stop order trail width (1 in (g1) of FIG. 10) 0.00 yen), and then the market price rises again to reach a specific buy stop order price ( 10 (g1) in FIG. 10), the customer can obtain a profit by subtracting the buy stop order price at the time of execution from the selling stop order price at the time of placing the order. can be done.

On the other hand, as shown in the time chart of (g2) in FIG. 16, for example, after the market price rises above the sell stop order price at the time of execution (1 dollar = 105.00 yen in (g2) of FIG. 16) , and then the stop loss order price at the time of execution plus the stop loss width (2.00 yen in (g2) of Fig. 10) (1 dollar = 107 in (g2) of Fig. 16) 00 yen), the customer will be able to stop the loss from the transaction at the amount of the buy stop order price at the time of execution minus the sell stop order price at the time of placing the order, so it will suffer a great loss. You can avoid the situation.

As described above, in the first embodiment, the financial product transaction management apparatus 1 includes the order input receiving unit 12 for receiving the trading order application information for placing a trading order for financial products, which is transmitted from the client terminal 2, and the order An order information generation unit 16 that generates order information 1811, 1812, 1813 of financial products based on the trading order application information received by the input reception unit 12; 1813, and the order information generation unit 16 generates first-order order information for placing a stop loss order for the same type of financial product at a first price based on one purchase and sale order application information. 1811, and order information groups 1810A and 1810B consisting of first settlement order information 1812 and second settlement order information 1813 for placing a stop loss order for the second price, , 1813 are ranked first and second, and valid/invalid information 181N for distinguishing between valid order information and invalid order information is provided for each of the order information 1811, 1812, 1813, and Each order information 1811, 1812, 1813 is provided with order price information 181G that fluctuates with market price fluctuations, first settlement order information 1812 is provided with trail width information 181K, and second settlement order information 1813 is provided with trail width information 181K. By providing stop loss width information 181M as information on a certain price difference between the market price and the second settlement order information 1813, and by recording order information groups 1810A and 1810B in the order table 181, the client terminal 2 side By performing one order procedure in , an if-done order using two stop orders and a reservation trail order for the same type of financial product can be performed using a computer system. In the futures trading of financial instruments, if customers who use the system do not have to go through complicated ordering procedures, and even if future market conditions change unfavorably for users, the amount of damages can always be kept to a minimum. It becomes possible to place an order. As a result, it is possible to improve convenience for customers using the system and reduce the risk that the customer suffers when placing an If-Done-Order.
The first embodiment comprises a price information reception management unit 19 that acquires and manages market price information from a financial product exchange, and a contract information generation unit 14 that contracts a financial product based on order information. , the contract information generation unit 14 treats the order information 1811 of the first rank among the order information groups 1810A and 1810B recorded in the order table 181 as valid order information, and sets the first settlement order information 1812 and the second settlement order information 1812 as valid order information. With the order information 1813 as invalid order information, the contract information generation unit 14 selects a financial product based on the first order information 1811 among the individual order information 1811, 1812, and 1813 forming the order information groups 1810A and 1810B. A contract is executed, and along with the contract, processing is performed to change the first settlement order information 1812 and the second settlement order information 1813 from invalid order information to valid order information, and the current market price is the order information of the second order. By executing a contract for a financial product based on the second settlement order information 1813 when the contract price is reached, a customer using the financial product transaction management system 1A can perform complicated ordering procedures in futures trading of the financial product. Even if the future market situation changes unfavorably to the user, it is possible to realize an if-done order that always minimizes the amount of damage. As a result, it is possible to improve convenience for customers using the system and reduce the risk that the customer suffers when placing an If-Done-Order.

In this Embodiment 1, the execution information generation unit 14 generates the order information of the first order even if slippage occurs when executing the order information of the first order and the order information of the second settlement 1813. 1811 and the second settlement order information 1813 are executed, it is possible to facilitate the execution of the first order and second order information, and further reduce the risk that the customer suffers when making an if-done order. can.

In this embodiment 1, the order information generation unit 16 generates the order information 1811 of the first order as the order information of the new stop loss order, thereby standardizing the order contents and improving the information processing in the system. It is possible to prevent complication, simplify the system configuration, prevent complication of order procedures, and further improve convenience for customers who use the system. In addition, by generating the first settlement order information 1812 and the second settlement order information 1813 as the order information of the stop loss order for settlement, the profit from the order generated by the first order order information 1811 can be The order information 1812 and the second settlement order information 1813 are used to sequentially determine the order, thereby preventing the order procedure and information processing within the system from becoming complicated.

In this Embodiment 1, the first order order information 1811 includes currency pair information 181C, trading direction information 181F, order amount information 181D, trail width information 181K, trail starting price information 181L, and valid/invalid information 181N as attributes. The first settlement order information 1812 has order price information 181G, trail width information 181K, and trail start price information 181L as attribute information, and is indispensable for specifying a stop loss order by if-done order. First order order information 1811 and first settlement order information 1812 can be formed based on such information.

In this first embodiment, a customer account information table 182 is provided for recording deposit balance information of a specific customer, and the order information generator 16 compares the deposit balance information with order price information 181G as attribute information of the order information. However, if the value of the deposit balance information is greater than or equal to the value of the order price information, order information groups 1810A and 1810B are generated to accept a stop loss order by if-done order only when payment can be made without fail. The system can be operated without hindrance in commercial transactions.

In this Embodiment 1, the contract information generation unit 14 generates order information groups 1810A and 1810B of first order order information 1811, first settlement order information 1812, and first If there is a cancellation request as a request to cancel an order for any one of the second payment order information 1813, cancellation processing for deleting all the order information group including the order information for which the cancellation is requested from the order table 181 By doing this, it is possible to prevent the handling of the stop order by the if-done order from becoming complicated. As a result, it is possible to prevent complication of the system configuration and information processing in the system while further enhancing convenience for customers who use the system.

In the first embodiment, since the financial product is a foreign exchange, the present invention is applied to the financial product for which there is a high demand for stop loss order by if-done order, thereby further enhancing the convenience of customers using the system. can be done.
[Embodiment 2 of the invention]
Embodiment 2 of the present invention is shown in FIGS. 17 to 22. FIG.

A second embodiment of the present invention is implemented by a financial product transaction management system 1A (see FIG. 1) similar to that of the first embodiment. The order information generation unit 16 of the financial instrument transaction management device 1 generates order information for buying the same type of financial product at a first price and placing a stop loss order based on one purchase and sale order application information, and order information for a second price. From an order information group consisting of order information for a sell stop order, order information for a sell stop order of the same type of financial product at a third price, and order information for a buy stop order at a fourth price The difference from the first embodiment is that a group of order information consisting of the order information is generated. Other configurations are the same as those of the first embodiment.

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

Also in this second embodiment, the procedure of steps S1 to S10 shown in FIG. 3 is performed.

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

FIG. 17 shows a buy stop order for the "first price" for the same type of financial product that the financial product transaction management device 1 displays on the display unit 22 of the client terminal 2 in the second embodiment of the present invention. FIG. 10 is an image diagram of an input screen for performing, placing a sell stop order at the "second price", placing a sell stop order at the "third price", and placing a buy stop order at the "fourth price". In the figure, various inputs and selections are displayed for the same order.

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

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

Furthermore, on the input screen 40, a second trade type selection button 402b for displaying the trade type of the limit order to be executed first, a sell stop order (new third stop order price entry field 404b as the "first order price entry field" in which the first price of the sell stop order is entered; trail width amount of the sell stop order as the "third price"; is entered as the second trail width input field 405b, and the fourth stop order trail opening price input for entering the initial buy settlement price, which is the first price of the second order of the if-done order, as the "second price range" A column 411b is displayed.

The customer operates the operation unit 21 to select and input order content data on the input screen 40 (step S1). In FIG. 17, US dollar/Japanese yen (trading US dollar in Japanese yen) is selected with the desired trading currency pair selection button 401, and "Buy" is selected with the first trading type selection button 402a, and an order is placed. Type selection button 403 selects "trend if done OCO order (according to Embodiment 2, two sets of order information groups of if done order using multiple stop orders for the same type of financial product, and subsequent market price fluctuations )", and enter 103.00 yen and the first trail width in the first stop loss order price input field 404a. 1.00 yen is entered in the field 405a, and 99.50 yen is entered in the second stop order trail start price input field 411a. In addition, in FIG. 17, "Sell" is selected with the second trade type selection button 402b, 96.50 yen is entered in the third stop order price input field 404b, and 1.00 yen is entered in the second trail width input field 405b. , 97.50 yen is entered in the fourth stop order trail start price entry field 411b. FIG. 17 also shows a state in which 100,000 dollars has been entered in the order amount input field 408 and “weekend” has been selected by the expiration date selection button 409 .

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

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

Acceptance of the order is completed by the above procedure. In the second embodiment, the order information generation unit 16 completes the ordering of the order information 1811a and 1811b of the first order when the acceptance of the order is completed. That is, as shown in FIG. 18, the flag information of the valid/invalid information 181N of the first and second new order information 1811a and 1811b is "valid" when the acceptance of the order is completed.

FIG. 19 is a flow chart showing the execution procedure after acceptance of a stop loss order in the financial instruments transaction management system 1 of the second embodiment, and FIGS. 20 is a time chart showing the relationship between the market price and stop order processing in the processing procedure shown in the flowchart of FIG. 19 in the device 1; These indicate the handling when the market price falls after the acceptance of the order information is completed. The execution procedure will be described below based on these figures.

As shown in FIG. 21(a), upon completion of acceptance, the first new order information 1811b is placed at the price (96.50 yen) entered in the second stop loss order price entry field 404b (step S71). After that, the price information reception management unit 19 of the financial product transaction management device 1 continues to acquire information on the market price of the exchange market. Then, as shown in FIG. 21(b), the market price, which was 1 dollar = 98.50 yen at the time of completion of the acceptance, drops and the sell stop order price (the price entered in the second stop order price input field 404b) ) reaches 96.50 yen (step S72a), the execution information generating unit 14 places the sell stop order at the sell stop order price of 1 dollar=96.50 yen placed in step S71. is contracted (step S73). That is, the contract information generation unit 14 converts the flag information of the contract presence/absence information 181Q of the second new order information 1811b from “no” to “yes” along with the contract, and according to the instruction of the contract information generation unit 14, the account information generation unit 15 converts the margin information (described later) according to the trading amount, and the deposit/withdrawal information generation unit 13 describes the deposit/withdrawal status in the deposit/withdrawal list. Furthermore, when a contract is established, the contract information generation unit 14 displays text information indicating that the contract is established on the display unit 22 of the client terminal 2, and also, based on the trading price, makes a payment to or from the bank account of the client terminal. process (in the second embodiment, when a "contract" is made, the financial instrument transaction management apparatus 1 performs the same process).

Further, in step S73, the order information generation unit 16 converts the flag information of the valid/invalid information 181N of the second settlement order information 1812b from "invalid" to "valid". As shown, a buy stop order of 1 dollar = 97.50 yen, which is the buy stop order price entered in the fourth stop order trail start price input field 411b, is placed, and the other order information group 1810C is placed. Cancel processing is performed to delete the information 1811a and 1812a from the order table (step S73).

Furthermore, in step S73, the contract information generation unit 14 generates a slippage (price difference between the ordered price and the contracted price) when contracting the first order order information 1811a. The second new order information 1811b is contracted. Specifically, for example, the contract information generating unit 14 determines whether the market price is lower than 1 dollar = 96.50 yen (e.g. The second new order information 1811b is set to be contracted if the price range falls below 1 dollar = 96.50 and reaches 95.50 yen or more per dollar. As a result, contracts are executed even when slippage occurs (the same applies to steps S77 and S80, which will be described later).
On the other hand, if the market price has not fallen to the sell stop order price (step S72b), the contract information generation unit 14 does not convert the flag information of the contract presence/absence information 181Q of the second new order information 1811b. The sell stop order is not executed (step S74). Also, the flag information of the valid/invalid information 181N of the second settlement order information 1812b is not converted, and no order is placed for the second settlement order information 1812b.

Then, when the market price does not rise to 1 dollar = 97.50 yen after the procedure of step S73 and falls to 1 dollar = 95.50 yen (step S75a), as shown in Fig. 22(c), the contract The information generation unit 14 sets the sell stop order price to the trail width of the sell stop order (the price entered in the second trail width input field 405b) from 1 dollar = 97.50 yen placed in step S73. 1.00 yen is subtracted to change the order price information 181G of the second settlement order information 1812b from 97.50 yen to 96.50 yen per dollar (step S76). Change to 50 yen.

On the other hand, if the market price rises to 1 dollar = 97.50 yen without falling to 1 dollar = 95.50 yen after the procedure of step S73 (step S75b), as shown in Fig. 21(c'), The execution information generator 14 executes the sell stop order at the sell stop order price of 1 dollar=97.50 yen placed in step S73 (step S77).

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

On the other hand, if the market price rises to 1 dollar = 96.50 yen without falling to 1 dollar = 94.50 yen after the procedure of step S76 (step S78b), as shown in FIG. The information generator 14 executes the sell stop order at the sell stop order price of 1 dollar=96.50 yen placed in step S73 (step S80).

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

FIG. 20 is a flow chart showing the execution procedure after acceptance of a stop loss order in the financial product transaction management system 1 of the second embodiment. The procedure shown in FIG. 19 differs from the flowchart shown in FIG. 19 in that it shows handling when the market price rises after acceptance of a stop loss order. The execution procedure will be described below based on this diagram.

As shown in FIG. 20, after completion of acceptance, the first new order information 1811a is placed at the price (100.50 yen) entered in the first stop loss order price input field 404a (step S91), and , the market price, which was 98.50 yen per dollar at the time of completion of acceptance, rises to 100.50 yen per dollar, which is the buy stop order price (the price entered in the first stop order price input field 404a). The processing after reaching (steps 92a to S93, S95 to S100) and the processing (steps S92b, S94) when 1 dollar = 100.50 yen is not reached are steps S72a to S73, steps S75 to S80, and step It is performed in a form corresponding to the processing of S92b and S94. In step S93, the order information generation unit 16 converts the flag information of the valid/invalid information 181N of the second order order information 1812a from "invalid" to "valid", thereby starting the second stop order trail. A sell stop order of 1 dollar = 99.50 yen, which is the sell stop order price entered in the price input field 411a, is placed, and the order information 1811b and 1812b, which are the other order information group 1810D, are deleted from the order table. cancel processing is performed (step S93).

By doing so, even if the market price of the financial product rises or falls after the order information 1811a, 1812a, 1811b, 1812b is generated, the market price trend after the order information is generated is matched. It is possible to carry out transactions by trend-if-done-orders, and to reliably prevent the occurrence of transactions by trend-if-done-orders that are no longer required to improve market movements, thereby further enhancing the convenience of trading. .

As described above, in the second embodiment, the financial instrument transaction management apparatus 1 includes the order input receiving unit 12 for receiving the trading order application information for placing a trading order for financial instruments, which is transmitted from the client terminal 2, and the order An order information generation unit 16 that generates order information 1811a, 1812a, 1811b, and 1812b of financial products based on the trading order application information received by the input reception unit 12; 1812a, 1811b, and 1812b, the order information generating unit 16 is provided with an order table 181 that records 1812a, 1811b, and 1812b. One new order information 1811a, first settlement order information 1812a for a sell stop order at a second price, second new order information for a sell stop order of the same type of financial product at a third price Generate order information groups 1810C and 1810D consisting of 1811b and second settlement order information 1812b for placing a buy stop order at the fourth price, and place a stop loss order at the first and third prices. The first and second new order information 1811a and 1811b are ranked in the first order, and the first and second settlement order information 1812a and 1812b for the stop order of the second price and the fourth price. are ranked second, and valid/invalid information 181N for distinguishing between valid order information and invalid order information is provided for each piece of order information, and each piece of order information follows the market price fluctuations. The fluctuating order price information 181G is provided, the trail width information is provided in the first and second settlement order information 1812a, 1812b, and the price difference information between the market price and the first and second settlement order information 1812a, 1812b. By providing the stop loss width information 181M as the order table 181 and recording the order information groups 1810C and 1810D in the order table 181, by performing one order procedure on the client terminal 2 side, the same kind of financial product can be sold as one If-done orders using a sell stop order and a buy stop order, a buy stop order and a sell stop order, and a reserved trail order can be performed using a computer system. In the futures trading of financial instruments, if customers who use the system do not have to go through complicated ordering procedures, and even if future market conditions change unfavorably for users, the amount of damages can always be kept to a minimum. It becomes possible to place an order. As a result, it is possible to improve the convenience of customers who use the system in transactions of financial products, and reduce the risk that customers suffer when placing an if-done order.

In this second embodiment, when either the first new order information 1811a included in the order information group 1810C or the second new order information 1811b included in the order information group 1810D is contracted, the other Although the order information groups 1810D and 1810C are configured to be canceled, the invention is not limited to this. First new order information 1811a included in the order information group 1810C and second new order information included in the order information group 1810D. Even if one of the order information groups 1811b is contracted, the other order information group is maintained to continue processing by the individual order information 1811a, 1812a, 1811b, and 1812b contained in both order information groups 1810C and 1810D. can also be

In Embodiment 2, the order information generation unit 16 is configured to complete the ordering of the first and second new order information 1811a and 1811b when the acceptance of the order is completed. Alternatively, the first new order information 1811a and 1811b, which have not yet been ordered at the time of completion of order acceptance, can be configured to be ordered when the market price after completion of acceptance satisfies a predetermined condition. For example, as shown in FIG. 17, new order placement price input columns 412a and 412b are provided on the input screen 40, and the data entered in the input columns 412a and 412b are stored in the order table 181 as shown in FIG. 1. Record the new order placement price information 181S of the second settlement order information 1812a, 1812b, and validate/invalidate when the market price after the completion of acceptance of the order matches the price recorded in the new order placement price information 181S. The flag information of the information 181N is changed from "invalid" to "valid" to order the first and second new order information 1811a and 1811b, and at the same time the trail of the first and second new order information 1811a and 1811b is started. It can also be configured to allow It should be noted that, as in Embodiment 2 above, when there is no configuration for ordering the unordered first and second new order information 1811a and 1811b when the market price after the completion of acceptance satisfies a predetermined condition. , the new order placement price input fields 412a and 412b on the input screen 40 shown in FIG. 17 and the new order placement price information 181S shown in FIG. 18 may not be provided.

In each of the above embodiments, one order information group 1810A, 1810B, 1810C, 1810D is formed each time one procedure (each time selection button 410 is clicked) on input screen 40 is formed. However, a field for inputting the number of order information groups (that is, the number of pairs of buy orders and sell orders) is provided, and each time the above one procedure is performed, the same order information 1811, 1812, 1813 as the order information group 1810 is entered. , 1811a, 1812a, 1811b, 1812b (for example, order information groups 1810a, 1810b, 1810c, . The processing based on the group 1810a, then the processing based on the order information group 1810b, then the processing based on the order information group 1810c, and so on can be repeated by the number of order information groups. As a result, it is possible to further improve the convenience of the customer who places the if-done order by the stop order.

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

Note that the contract information generation unit 14 in the financial product transaction management system 1A of each of the above embodiments may be provided as the same server system or the like together with other configurations, or may be provided in another server system via the Internet 3. may be provided in In addition, the financial product transaction management system 1A does not include at least one of the contract information generation unit 14 and the order table 181, and the contract information generation unit 14 and the order table 181 formed in an external system At least one of them may be configured to perform each function. As a result, the present invention can be applied to both so-called over-the-counter transactions and exchange transactions of financial products, and it is possible to realize support for various transaction forms.

It goes without saying that the above embodiments are examples of the present invention, and that the present invention is not limited to the above embodiments.

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

Claims (4)

A financial instrument transaction management device for managing sales transactions of financial instruments with fluctuating market prices,
order input receiving means for receiving trading order application information for placing a trading order for the financial product;
Contract information generating means for executing the trading order of the financial product based on the order information generated based on the trading order application information received by the order input receiving means and recorded in the order information recording means;
trail means for varying the price to be contracted based on a trail as a price range for varying the base price to be contracted in response to fluctuations in the market price;
generated based on one of the trading order application information,
The order information for placing a buy order or a sell order for the same type of financial product at a first price set as a reference price for executing the first order in the if done order, and the first order in the if done order Regarding a plurality of order information groups consisting of the order information for placing a sell order or a buy order at a second price set as a reference price for executing the second order placed by executing the order,
The trail means is
According to fluctuations in the market price, fluctuate the price that serves as the basis for the execution of the first order and/or the second order based on the trail;
The contract information generating means is
The market price fluctuates to one of the high price side and the low price side, the order price of the first order trails by the processing of the trailing means, and the market price changes to the first price a predetermined number of times to execute the first order at the first price when the number of
as well as,
The market price fluctuates to the other side of the high price side and the low price side, the order price of the second order trails by the processing of the trailing means, and the market price changes to the second price a plurality of times. is matched a predetermined number of times, the second order is executed at the second price. the order information recording means;
a market price information management means for acquiring and managing information on the market price of the financial product;
The contract information generating means treats the first order as a valid order and the second order as an invalid order among the order information group recorded in the order information recording means,
executing a contract for the financial product based on the first order among the individual order information forming the order information group, and performing processing for changing the second order from an invalid order to a valid order along with the contract; 2. The financial product according to claim 1, wherein the financial product is executed based on the second order when the current market price becomes a reference price for executing the second order. Transaction management device. A financial instrument transaction management system for managing sales transactions of financial instruments with fluctuating market prices,
order input receiving means for receiving trading order application information for placing a trading order for the financial product;
Based on the trading order application information received by the order input receiving means,
Contract information generating means for executing the trading order of the financial product based on the order information generated and recorded in the order information recording means;
trail means for varying the price to be contracted based on a trail as a price range for varying the base price to be contracted in response to fluctuations in the market price;
generated based on one of the trading order application information,
The order information for placing a buy order or a sell order for the same type of financial product at a first price set as a reference price for executing the first order in the if done order, and the first order in the if done order Regarding a plurality of order information groups consisting of the order information for placing a sell order or a buy order at a second price set as a reference price for executing the second order placed by executing the order,
The trail means is
According to fluctuations in the market price, fluctuate the price that serves as the basis for the execution of the first order and/or the second order based on the trail;
The contract information generating means is
The market price fluctuates to one of the high price side and the low price side, the order price of the first order trails by the processing of the trailing means, and the market price changes to the first price a predetermined number of times to execute the first order at the first price when the number of
as well as,
The market price fluctuates to the other side of the high price side and the low price side, the order price of the second order trails by the processing of the trailing means, and the market price changes to the second price a plurality of times. is matched a predetermined number of times, the second order is executed at the second price. A program that causes a computer to function as the financial product transaction management device according to claim 1 or 2.

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