KR100936272B1 - Method for managing bond trading system based on independent function modules - Google Patents

Abstract

PURPOSE: A method for managing bond trading system based on independent function modules is provided to process bidding of traders through a receiving step, a bidding step, and a transmitting step. CONSTITUTION: A receiving unit(103) processes the receiving process(110) and group process(130). A received bid price database storage unit(120) stores the received bidding price and market operating information. A bidding price processing unit(105) includes an item processing process(140) and a trade concluding module(150). The result database storage unit(160) stores the trading contract result database. A transmission unit(107) processes the transmission process. A field operation process(180) calls the receiving process and the market operating information.

Description

Method for managing bond trading system based on independent function modules

The present invention relates to the management and operation of bond trading systems.

The trading execution system related to securities stock trading basically performs the external transmission and reception function, the quotation request function, the quotation price function, the conclusion function, the gathering function, the information processing function, and the preparation work function.

The transmission / reception function is a function of receiving externally the selling quotation and the purchase quotation and the market operation information as the market control information. Specifically, it is possible to send and receive a bidding result, a correction result or a cancellation result, a rejection of a quotation, and a preferential quotation, which is a market situation, and to close or suspend or resume a market, or to disclose a stock. Result information according to the market operation information, such as stop or resume according to the can be transmitted and received.

The price quotation function receives and records a large number of orders from a number of securities companies, reclassifies them for processing by item, checks the basic processing conditions such as market conditions, and briefly checks the validity of the quotations. The price quote function determines the validity of market management information and the quote price according to the regulations, and records, corrects or cancels the quote price in the inventory book for each item.

The signing function generates a signing result and related information about the signing and signing, if the call is possible to be traded according to the result of the counting or input of the market information. The gathering function reconstructs the aggregated result or concluded result for each item into information for transmission to transmit to the outside. Information processing functions process information and data about market operations as primary processing information to market operators and other information requesters. The preparation function initializes and reconfigures the system daily for the next day's market.

In general, the stock market receives a large amount of quotes continuously in a relatively small number of stocks, whereas the bond market incurs a small amount of quotes discontinuously in a relatively large number of stocks. Therefore, effective operation of the bond trading system requires a method distinguished from the stock trading system.

The present invention manages the bond trading system to ensure compatibility and scalability for applying to various bond markets by implementing and operating the bond trading system as an independent module according to the processing function, and the quotations and processing result information of each step are duplicated. It is to effectively operate the bond trading system by preventing the creation of money.

In accordance with an aspect of the present invention, there is provided a method for operating a bond trading system, the method comprising: calling a receiving process for receiving a quotation for a real-time sell or buy request or market operation information for market control of a bond market manager; Invoking a group processing process by the receiving process to designate a processing group corresponding to the call price and market operation information among a plurality of groups; Calling an item processing process by the group processing process, designating a processing item corresponding to the processing group among a plurality of items, generating processing data related to a fastening determined for each processing item, and recording the result data; ; And invoking a transmission process and selecting and distributing result data for the call price processing result or the long-term operation processing result for each transmission target system.

According to an embodiment, a bond trading system operated by a bond trading system operating method includes: a receiver configured to perform the receiving process and the group processing process; A chapter operating unit controlling a bond market opening and closing function and a function of stopping and resuming the bond owner by the bond market manager; The item price is aggregated by the processed items through the item processing process and the validity of the operation of the market is determined, and it is determined by determining whether or not to conclude the sale corresponding to the price or the operation information through the trade execution module. A quotation request unit for generating a conclusion result and related information; And a transmitter for selecting and distributing the conclusion result and related information for each transmission target system through the transmission process.

The trading execution module manages a first process of receiving a bid price classified for each item through the item processing process, a second process of counting a bid price or a bid price among the received bid prices and a related item to the received bid price. The third process is performed integrally, and the process of closing the sale price and the purchase price of the sale and the offer price and the offer and the offer price correspond to each other is modularized.

In the bond trading system operating method according to an embodiment, the group processing process calls a gathering process of the price processing unit, and transmits the price processing result data or the long operation processing result data in the order of data generation in the price processing module. The method may further include changing to data.

In the bond trading system operating method according to an embodiment, the receiving unit stores a received signal for storing the received offer price database storage unit, the offer price processing unit stores information about the reception and aggregation status of the offer price related to the sale Comprehensive quotation database storage unit, a result database storage for storing the result data associated with the trading conclusion, processing information database storage for storing the processing information for publishing the information related to the trading results to the outside, wherein the chapter operating unit is operating the chapter It may include a chapter operating database storage for storing information and a public information database storage for storing the public information for disclosure to the outside as information related to the operation of the chapter according to the chapter operation information.

According to an embodiment, the method for operating the bond trading system may further include initializing and reconfiguring the bond trading system for the bond market of the next day after closing the bond market on the day.

In accordance with an embodiment, the bond trading system receives a market operation information on a market price of a bond market manager or a quotation for a real-time sell or buy request from a trader through a receiving process, and the group processing process receives Receiving unit for designating a processing group corresponding to the call price and market operation information; Jang operation unit for controlling the function of opening and closing the bond market and the function of stopping and resuming the bond owner by the bond market manager through the market operation process; Through the item processing process, the bid price is aggregated by the processed items, the validity of the market operation is determined, and the conclusion of the conclusion is made by determining whether or not to conclude the sale corresponding to the offer price or the market operation information through the trade execution process. And a call price processing unit generating related information. A transmitter for distributing the fastening result and related information through a transmission process; And a handheld database recording unit in which the hand signal is recorded, a result database storage unit in which the conclusion of the sale and the related information are recorded, a long operating database storage unit in which the long term operating information is recorded, and a public information database storage unit in which the public information is recorded. The receiving part receiving process calls a group processing process, invokes an item processing process by the group processing process, and a result data gathering process for the conclusion result of the call price processing part and related information calls the transmitting process. .

Compared with the general stock trading system, since there are not many consecutive inflows and quotes in the bond trading market, the method of operating the bond trading system according to the embodiment of the present invention orders the traders by three steps of receiving, quote processing, and sending. And the quotes can be processed so that the system can be simplified.

In addition, due to the simplicity of the bond trading system structure of the present invention, even if the entire bond trading system structure is not significantly changed, it can be easily applied to various types of bond markets, which is excellent in compatibility and expandability.

In the method of operating a bond trading system according to an embodiment of the present invention, functions are separated based on interprocess communication of the bond trading system, thereby simplifying and optimizing the structure of the entire bond trading system. A simple and optimized system structure can increase the flexibility of the bond trading system structure, reduce the likelihood of failure, and facilitate troubleshooting.

1 illustrates a structure of a bond trading system for implementing a bond trading system operating method according to an embodiment of the present invention.

Bond sales are based on quotes received from traders through the bond market, and bond market managers implement, manage and control the bond market through the bond trading system.

In accordance with an embodiment of the present invention, a method for operating a bond sale system includes a receiver 103 that receives a quote from a trader in a bond trading system 100, and a quote price processing part that receives a quote and processes a trade conclusion process according to the quote. 105) and the transmission unit 107 for notifying the conclusion result is operated.

In detail, step by step, the method for operating a bond sale system according to an embodiment receives the market operation information for market control of a bond market manager or a quote for a real-time sell or buy request from the bond trader. In the bond trading system operating method according to an embodiment of the present invention, the quotation price processing unit 105 specifies a treatment item corresponding to the bid price among a plurality of items, and records a result related to the conclusion of the trade determined for each treatment item. In the bond trading system operating method according to an embodiment of the present invention, the transmitter 107 selects and distributes the result of the quotation on price processing or the result of operating on a long market basis for each transmission target system.

The receiving unit 103 processes the receiving process 110 and the group processing process 130, and the hand signal storing the database of the received call price and long term operation information includes the database storage unit 120. The price quote processing unit 105 includes an item processing process 140, a trading module 150, and a result database storage unit 160 that stores a trading result database. The transmitter 107 processes the transmission process 170. The market manager may be a stock exchange.

In particular, the bid price processing unit 105 is a variety of processes to determine the conclusion of the sale by aggregating the sale price and purchase price and managing the items related to the sale in order to process the sale of the sale price. The method of operating a bond transaction system according to an embodiment of the present invention integrates and modularizes various processes related to transaction results for quotation processing.

Accordingly, in the method of operating a bond transaction system according to an embodiment of the present invention, the transaction of a price transaction for bond transactions is simplified by simplifying the bond transaction system into three stages of the receiver 103, the quote price processor 105, and the transmitter 107. Can be optimized.

Figure 2 illustrates the interprocess relationships of the bond trading system for implementing the bond trading system operating method according to an embodiment of the present invention.

In accordance with an embodiment of the present invention, a method for operating a bond trading system includes configuring the bond trading system 200 as mutually independent processes classified by function of a process, so that each process operates through communication between the mutual processes. Operate. First, the structure of the bond transaction system 200 will be described in detail with reference to FIG. 2.

The bond trading system 200 operated by the embodiment of the present invention includes a receiving unit 103, a long-term operating unit 109, a quotation processing unit 105, and a transmitting unit 107. The market manager 109 controls the bond market opening and closing function and the function of stopping and resuming the bond market by the bond market manager.

The bond trading system of the present invention is classified according to the functions of various processes for bond trading and is independently performed by the receiver 103, the market operator 109, the quotes processor 105, and the transmitter 107.

Specifically, the receiver 103 performs a reception process and a group processing process 130. The reception process 110 is called when the access system receives a quotation for a real-time sell or buy request from the trader or market operation information for market control of the bond market manager. The reception process 110 calls a group processing process to designate a processing group corresponding to the call price and long management information among the plurality of groups.

The gut operation unit 109 performs the gut operation process 180. The chapter operating process 180 is called when the pre-registration of the chapter operating database stored in the chapter operating database storage unit 190 is changed or when the scheduled chapter operation is scheduled, and the chapter operating process 180 calls the reception process 110 to display the chapter operating information. And the public information process from the public information database storage unit 195 to provide public information on the bond market situation based on the market operation occurrence by invoking the public transmission process.

The price quote processing unit 105 performs the item processing process 140, the trade execution module 150, a gathering process, and an information processing process.

The group processing process 130 calls the item processing process 140, designates a processing item corresponding to the processing group among a plurality of items, and determines whether or not to trade each processing item by the trading execution module 150. The group processing process 130 calls the gathering process to change the call processing result data or the long run processing result data into transmission data in the order of data generation. Therefore, the quotations can be classified into groups by item, and the quotations for a plurality of items can be processed in parallel. In addition, resources for congestion may be allocated by managing in real time.

The gathering process calls the information processing process to generate processing information for inquiry so that external information can be retrieved based on the control result by the call value related conclusion and long-term operation information, and records it in the processing information database.

The transmitter 107 performs the transmission process 170. The gathering process calls the fastening process 173 to transmit the transmission data and the processing information for external inquiry to the outside, obtains the end time of the related task, and ends the transmission at the end time. In addition, the public transmission process 175 called by the market operating process 180 transmits the public information to the outside.

In accordance with an embodiment of the present invention, a method for operating a bond transaction system is composed of independent parts on a bond distance system, where a receiving part, a quotation processing part, a long term operating part, and a transmitting part perform independent tasks, The processes in charge are activated through communication such as mutual calls through pipes 250, 260, 270, 280 and 290.

Therefore, according to the bond trading system operating method according to an embodiment, since the modules are separated for each function on the bond trading system 200, even if a failure occurs in the predetermined module, the damage is limited to the failure generating module, so the scope of failure occurs. It can be minimized and the entire system can be normalized by recovering only the failure of the failing module. In addition, interprocess latency can be minimized by the call structure between each process.

3 illustrates the structure of a general stock trading system.

In the general stock trading system 300, the processing step 310 includes five steps of a receiving and operating step 311, a receiving step 313, an aggregation and closing step 315, a gathering step 317, and a sending step 319. It is divided into three parts. The general stock trading system 300, in addition to the processing step 310, the public sending step 330 for transmitting the disclosure information 361 by the monitoring step 320 and the long-term operation step 311 for the aggregation and conclusion step 315 It consists of

The acceptance step 313, the aggregation and the conclusion step 315 for the call price processing are subdivided on a host basis, and the gathering step 373 and the transmission step 374 for the transmission information are subdivided to make the system complicated. Due to the structure of the resident waiting process, waiting time is required before the quotations 351, 352, and 353, the transmission information 354, and 355 are input to each module. In addition, the general stock trading system approaches the management tables 371, 372, 373, 373, 374 at each stage, thereby making the system larger.

Therefore, since there is not a lot of continuous mass inflows and bids in the bond trading market compared to the general stock trading system 300, the bond trading system operating method according to an embodiment of the present invention, the bond system 100 is the receiver 103, the quotes The system can be simplified by processing traders' orders and quotations by the three steps of the processing unit 105 and the transmitting unit 107.

In addition, due to the simplicity of the bond trading system structure according to an embodiment of the present invention, it is excellent in compatibility and expandability for various types of bond markets. That is, even if the structure of the entire bond trading system is not greatly changed, various types of bond markets can be easily implemented by applying the basic structure of the bond trading system according to an embodiment of the present invention.

4 shows the process relationship of a general stock trading system.

In the general stock trading system 400, although the processes for each function are separated, the price data is allowed to be processed in duplicate in order to ensure the consistency of the process steps, so that data processing subjects are duplicated and a large amount of information is duplicated.

For example, when a call price is received, the receiving and operating process 311 and the receiving process 313 may overlap with the call price data 315 (scenario 450). In order to process the received quote 352, the receipt process 313, the aggregation and conclusion process 315, and the gathering process 317 may be duplicated for the quote price data (scenario 470). Regarding the long-term operation information, the reception and the long-term operation process 311, and the public transmission process 330 may overlap with the call price data 353 and the public information 361 (scenario 460). The gathering process 317 and the sending process 319 may overlap with the transmission information data 355 to transmit the call processing result (scenario 480).

Therefore, due to the multi-stage structure of the general stock trading system and the double price quotation, it is difficult to determine the cause of the failure when a failure occurs, and a lot of resources are required for the measures to solve the failure.

On the contrary, as described above with reference to FIG. 2, the method for operating the bond trading system according to the embodiment of the present invention is simplified based on the interprocess communication of the bond trading system 200, thereby simplifying the premise bond trading system structure. And optimized. In addition, due to the simple and optimized system structure, the flexibility of the bond trading system structure may be increased, and the possibility of failure may be reduced, thereby facilitating troubleshooting.

5 illustrates the redundancy of data in a generic stock trading system.

Since the general stock trading system 500 is designed for a large-scale inflow price-oriented step-by-step price processing, process data is duplicated for each process (scenario 510). In addition, since the data is arranged based on the quotation information, the database 570 of the data in which the quotation information and the chapter operation information are merged separately from the chapter operation information database 560, and the plurality of quotation information databases 530, 540, and 550 for the bulk quotations. There exists a database 510 of data in which quotation and price information and inquiry information are merged, and a database 520 of data in which transmission information and inquiry information are merged.

6 illustrates the independence of the data of the bond trading system by the bond trading system operating method according to an embodiment of the present invention.

Bond trading system operating method according to an embodiment of the present invention by integrating and rearranging the data generated by the bond trading system 600 by characteristics to ensure data integrity and to quickly access the data in each process . In general, the quotation and price database 611, the long-term operation database 612, the aggregate quotation and price database 613, the processing result database 614, the public information database 615, the processing information database 616, and the like, are integrated with each other. Managed.

That is, when considering the flow of the bond trading system 600, the hand signal in which the quotation and long-term operation information received in the receiving process 110 is recorded is registered or changed by the market manager in the database 620, the long-term operation process 190 The long term operation information database (690) in which the information is recorded, the open information database (695) in which the public information related to the long term operation is recorded, and the database (650) related to the transaction result for the quotations by the processing items in the trading execution module (150) and the processing items. There may be independently a processing result database 660 or the like in which the closing result for the quotation or the entire market is recorded.

In detail, the database 650 related to the transaction result is received. The quotation list database 651 in which the quotations for each treatment item is recorded, the quotation sheet database 653 in which the quotations aggregated by the treatment items are recorded, and the purchase quotation number database 655 ), There is an item management database 657 for management of treatment items.

Therefore, in the method of operating a bond trading system according to an embodiment of the present invention, as a separate database for each process, a duplicate factor of a quotation of each process for a bond transaction, a duplicate factor of processing results or inquiry information, and a system structural overlap factor Since this is excluded, data integrity is guaranteed.

Manages the recording and storage of data in two forms: database and data table to store data as needed, generated or related to bond transactions. The related data flowing in the database is accumulated and recorded in time series, and the data table stores a record of the current state of the data, so that one data is updated every time a data change occurs. In the method of operating a bond trading system according to an embodiment of the present invention, the management data for operating the bond market in which bond trading is performed is stored in the form of a data table, and the management data tables are not included in the bond trading system so that the entire bond trading system It is effective in reducing the weight of the structure.

7 shows process modularization of a bond trading system according to one embodiment of the invention.

In a method of operating a bond transaction system according to an embodiment, a hand signal is processed by a hand signal from a database storage unit by a group processing process 130 by referring to an item information index by a group processing process 130 and performs group processing (731, 732, 733). By the item processing process 140, the treatment items 741, 742, and 743 are designated for each group, and the trading module 150 processes whether to trade the trading item for each processing item. The processed closing result data is stored in the result database. In addition, the rejection quotes for each treatment item are recorded in the result transaction rejection result directly from the group processing process 130 or the item processing process 140.

Even if various bond markets are operated, the receiving unit 103, the quotation processing unit 105, the market operating unit 109, and the transmitting unit 107 are basic modules that perform common essential functions for the bond market. Can be reused. Therefore, an additional module for performing a specific function of each bond market may be inserted into a bond trading system including the basic modules to be separated from the basic modules. Therefore, the structure of the bond trading system itself is not necessary.

In particular, multi-step operations such as bid price confirmation, sell and buy collection, and stock management are required to conclude bond sales, but they are common in various bond markets. Accordingly, the method of operating a bond trading system according to an embodiment integrates and modularizes multi-stage operations for the conclusion of a transaction into the transaction conclusion module 150, thereby maximizing the production of the quotation and the conclusion of the transaction and operating various bond markets. Reduce the cost and effort required.

8 illustrates data modeling of bond sales in accordance with one embodiment of the present invention.

As described above, in the present invention, a data table and a database are functionally configured for data integrity. Among them, the principle of modeling of the database 650 related to the bond trading result is that each data table and data module of the database are independent and mutually exclusive (810, 820). Table- or database-specific data is modularized up to the granular data unit (830), data table or database access is only possible using the corresponding data module (840), and one data table and database is only one data module. It is processed (850).

For example, in the quotation and price database 651, the selling and counting database 653, the buying and counting database 655, and the item management database 657, the respective data modules are independent and mutually exclusive. The price / quote database 651 is modularized into a function of checking a price agreement, a function of counting and distributing a price, a price of a price, and a result reflecting function. The selling aggregate database 653 or the buying aggregate database 655 is modularized to include the execution price calculation and correction function, the selling / buying count result reflecting function, and the priority quotation calculation information function. The item management database 657 may be modularized to reflect the market operation information, market information management, and priority call management. Each functional module can access each database only through the corresponding module, and one database can be processed by only one functional module.

9 shows an information processing process of a method for operating a bond trading system according to an embodiment of the present invention.

Bond trading system operating method according to an embodiment of the present invention separates the price processing and information processing functions to maximize the performance and to implement a user-centric system. In more detail, the result database 160 in which the result of the trade conclusion result is recorded is changed into transmission information by the gathering process, and external transmission is possible in real time through the transmission process. As a result, the result database 160 related to the transaction result is integrated and managed, thereby ensuring the processing speed 950 and the processing improvement 960.

In addition, according to the method for operating a bond trading system according to an embodiment of the present invention, the data of the information trading result database 160 is transformed into external data for providing the information related to the transaction. The information provided to the outside may include call house information, sale site information, and priority price information, and may be classified and stored as a call house database 910, a place of sale database 920, and a priority price information database 930, respectively. Accordingly, various information may be provided to the user 940 (970), and the user 940 and the customer may quickly respond.

According to the information processing process of the operation method of the bond trading system according to an embodiment of the present invention, the function for transmitting the external inquiry information about the bond market situation to the outside in real time and the inquiry response performance is maximized, so that various information of the market participants Requests and back office support requests may be supported.

Hereinafter, an example of applying the bond trading system operating method according to an embodiment of the present invention for each of the four bond trading markets will be described in detail.

Examples of bond markets are the general bond market, the government bond market, the redemption market and the retail bond market.

In the general bond market, all bonds listed on the bond market are traded with an unspecified number of traders, and the seller's request to sell or buy is settled on the same day.

In the government bond market, only government bond dealers authorized by bond market managers participate, so that government bonds and currency stabilized securities are traded, and the trader's request to sell or buy is settled the next day.

In the repurchase condition bond market, only the applicants among the authorized dealers from the bond market manager participate, so that the outstanding bonds including government bonds, financial bonds, and corporate bonds with a predetermined credit rating or more are traded under the condition of redemption, and the period and interest rate method specified by the bond market manager. Are traded according to. Corporate bonds with a predetermined credit rating or higher may be corporate bonds with a credit rating of AAA or higher.

In the retail bond market, traders, including unspecified general traders and authorized dealers from bond market managers, participate in sovereign bonds, securities, financial bonds, special bonds and debentures, and the seller's request to sell or buy is settled on the same day. .

First, the process of the basic module of the bond trading system common to each of the four bond trading markets will be described in detail with reference to FIG. 10, and the examples in which the bond trading system operating method of the present invention is applied according to the characteristics of each bond trading market are ordered. I will explain it as it is.

10 illustrates a structure of a bond trading system according to a method of operating a bond trading system according to another embodiment of the present invention.

The bond trading system according to the method for operating a bond trading system according to an embodiment is basically composed of a receiver 103, a quote processing unit 1050, a transmitter 107, and a market operator 109 to perform modular processes. The bond transaction system 100 and FIG. 1 proposed in FIG. 1 except that the price processing unit 1050 performs the gathering process 1010 and the information processing process 1020 in addition to the price processing unit 105 according to an embodiment. In the bond trading system 1000 proposed in FIG. 10, the functions of the receiver 103, the market operator 109, and the transmitter 107 are the same.

First, the detailed operation of the receiver 103 is described.

When the order arrives at the bond trading system, the hand signal is sequentially recorded in the database 120 by the receiving process 110. When the reception process 110 receives a bowel operation processing request by the bowel operation process 180, the hand signal is received from the bowel operation control information of the bowel operation control information whose time has not reached the current time among the scheduled bowel operation information recorded in the bowel operation information database 190. Create as many processing groups as parallel processing.

The reception process 110 designates a treatment group by referring to the item information index table to allocate a processing process to process the quotation or long operating process request data before the quotation or long operating information is recorded in the database 120. The hand signals are recorded in the database 120 together with the hand signals.

The reception process 110 confirms that the hand signal or the long-term operation information is recorded in the database 120, and then invokes the group processing process 130 to process the recorded data.

Secondly, the detailed operation of the quotation processing unit 105 is described.

The item processing process 140 started by the group processing process 130 processes individual data for each item in the group. The item processing process 140 is a real item module for each item resident in the memory, and external access is controlled while online to ensure processing performance, security, and stability.

The trading module 150 performs the trading processing for each data type according to a predetermined path of the processing target data for each item. That is, with respect to the offer price data, the sale execution module 150 concludes the sale by counting the offer price and determining whether the sale price is concluded with respect to the offer price, and generates information related to the sale agreement and generates the result data. The trade execution module 150 determines the validity of the trade management information and determines whether trade is concluded with respect to the trade management information, and concludes the trade, generates information related to the trade execution and generates the result data.

The price information, various price information for trading, and item information indicating the trading status of the item are temporarily stored in the memory. In the event of a failure, all necessary temporary and status information loaded in memory can be logged according to the access order and judgment order of the database or table, and the system monitor can be immediately notified to recover from the failure efficiently. In the event of a failure, the status of all databases, the call price information of the processing target, and the state before the start of the call price processing are automatically restored, and the temporary information mounted in the memory is erased.

All processing result data related to transaction results are recorded in the order in which they are generated in the result database, and are prepared for external transmission and processing of separate information. The type of result data processed by the call price may include call aggregation result data, correction / cancellation result data, rejection call data, conclusion result data, priority bid data, and final closing data.

When the processing result data is recorded in the result database, the group processing process 130 transmits and calls a start signal to the gathering process 1010 to process the data. The gathering process 1010 changes the data for transmission in the order in which the result data occurred.

Since all group processing processes 130 simultaneously record requests for recording result data and inquiry requests for all information processing processes, countermeasures for bottlenecks are needed. Competition between processes can delay process processing or cause bottlenecks such as deadlocks.

In situations where bottlenecks are expected, i) a competitive situation in which all group processing processes 130 that are quoted in parallel attempt to write the result data to the results database 160, ii) the group processing process 130 and the results. There may be a race situation in the gathering process 1010 that changes the data to data for transmission.

In the method of operating a bond trading system according to an embodiment of the present invention, in order to avoid an inter-process bottleneck, i) tokens are granted between parallel groups of the group processing process 130, and a token-based sequential processing structure is adopted. , ii) in order to avoid competition between the grouping process 130 and the gathering process 1010, to partially transfer the work function of the gathering process 1010 to the fast forwarding process 173. By avoiding bottlenecks like this, the overall performance of the bond trading system can be improved and operated stably.

For example, when the above-mentioned bottleneck occurs, in the process of distributing the changed data for each transmission target and transmitting the changed data to the transmission target, the gathering process 1010 may perform the transmission process 173. Can be transferred to).

The gathering process 1010 ensures consistency by adding a function of verifying the information recorded in the result database when generating the fastened transmission information. In addition, data for external transmission can be re-validated before transmission to improve the reliability of bond trading system data.

The gathering process 1010 transmits and invokes a start signal to the information processing process 1020. The information processing process 1020 activates individual information processing processes recorded in the information processing management database. The information processing management database stores detailed information, status information and progress result information of individual information processing processes registered in the bond trading system.

The individual information processing process can be controlled separately from other information processing processes in the event of a failure, thereby improving the reliability of the inquiry information provided by the bond trading system. It can also prepare for real-time batch processing requests, such as real-time payment that may occur when a sales floor is created.

The information processing process 1020 may be advantageous when the information processing management database and the individual information processing process are separately configured and immediately reflected or retrospectively reflected when generating new processing information and changing the processing information.

The information processing process 1020 may expand or support the first and second information processing by the individual information processing process without degrading the performance of the trade execution process. In addition, when a failure occurs in the information processing process 1020, since the information processing operation and the call processing process are separated, it is easy to reprocess without delay or restriction of the call processing.

If there is a request for inquiry about the market situation from the outside, it is possible to improve the inquiry performance and the productivity of the inquiry process by referring to the primary or secondary processing information without referring to the quotation price data.

The information processing process 1020 may end when the preceding process including the gathering process 1010 ends, thereby ensuring system consistency. The individual information processing process can be terminated only if the individual termination conditions are satisfied even if the information processing is finished.

Third, detailed operations of the transmitter 107 are described.

The connection, information, and supervision conclusion transmission process activated by the gathering process 1010 transmits the transmission data recorded in the result database to the outside. All information generated by the bond trading system 1000 is selected and distributed in real time for each target system. In the result database 160, integrated information, not data for each transmission target system, is recorded, and the transmission process selects and transmits information suitable for the transmission system in the generation order. Each transmission process automatically determines the end time required for each task and ends the transmission task.

Fourth, the detailed operation of the chapter operating unit 109 is described.

In the bond trading system operating method according to an embodiment of the present invention, the market manager 109 automatically performs the market operation process 180 where the market function is suspended / resume due to the opening and closing of the bond market and the need of the market manager. There are market operations for all stocks as soon as the market manager directly changes the contents of the planned book operation and the existing book operation in which fixed values are registered in the bond trading system.

The bowel operation process 180 reads the bowel operation information recorded in the bowel operation database 190 and transmits the bowel operation processing request to the reception process 110 when the bowel operation processing time arrives, and the reception process 110 receives the handbook information corresponding to the bowel operation information. It records in the database 120 to generate a bowel operation situation. The chapter operation information in which the hand signal is recorded in the database 120 is checked by the group processing process 130, and the chapter operation action corresponding to the chapter operation information is performed on the items allocated in the group.

The hand signal is stored in the database 120, the long run information is generated accordingly, the long run signal is generated, and the processes in which the corresponding long run action is performed are separated, so that mutual interference and collision do not occur. Since the long-term operating process 180 and the receiving process 110 check whether each other is normally started at a predetermined cycle, stability is ensured to maintain the priority of the time series.

Since the market operation information is data to be immediately disclosed to the market participants, when the market operation situation occurs immediately the fastening transmission process 173 calls the open transmission process 175 by a separate path to transmit the open information to the outside.

The public transmission process 175 transmits externally the data for transmission of public information, including information on long-term operating conditions, emergency measures, and the like, recorded in the result database 160. Like the conclusion transmission process 173, all the information generated in the transaction conclusion system is selected and distributed in real time for each target system.

Separately, the method for operating a bond transaction system according to an embodiment performs a preparatory work step for the next day bond transaction after the end of the day bond transaction.

In the method of operating the bond trading system according to an embodiment, after the daily market trading is completed, the bond trading system is initialized and the environment variable for opening the next day market is set. By excluding associations and dependencies between data, measures can be taken to recover quickly and completely from errors in market environment variables or errors in underlying data.

The market environment variables prepared through the batch work and the data of the items required for the next day's trading are prepared vividly. If rework is necessary due to data loss or management problem, backup data is created, and after each step work is completed, a separate verification program is compared with the normal value and the worker is notified of the result.

Hereinafter, the method to be applied to the method of operating the bond trading system according to an embodiment of the present invention based on the specifics of each bond trading market will be described in detail.

The general bond market is an auction market where many unspecified general investors participate and trading orders are settled on the same day. In the general bond market, trading is done automatically through a trading system. In the general bond market, all bonds listed on the bond trading market are traded: government bonds, local bonds, special bonds, CBs, BWs, and general bonds. When a general investor places a trade order through an access system, it is connected to a market manager's bond trading system through a securities company's order system through a network.

A distinctive feature of the trading system for the general bond market is that it is reported and sold. Declaration trading information is information that a securities company declares a trading result to a market manager and is recognized as a trade execution due to a need of a market manager. Reported trading information includes trading information on convertible bonds, foreigners, micro bonds, etc., and the reported trading information is accumulated in real time at the same time as the transaction processing and can be transmitted to an external system.

In the bond trading system operating method according to an embodiment of the present invention, a report trading process for performing the report trading function of the general bond is added to the price quotation processing unit 105. That is, in the receiving unit 103, when a report sale request or report return rate is received through the reception process 110, the group processing process 130 transmits the report sale related data to the report sale and sell process through the report process.

The report trading process records the report return rate in the report return rate database using the report sales related data, and records the report return information in the report return database. The report processing process calls the gathering process 1010 to record the report trade related data in the result database 160, and changes the data for transmission.

The information processing process 1020 generates processing information on the report trade-related data of the result database 160, and the transmission process 107 transmits the report trade-related transmission data to the broker system.

Accordingly, the method for operating a bond trading system according to an embodiment of the present invention adds a notification trading process to the quotation processing unit 105 of the bond trading system without changing the bond trading system structure to support the general bond trading market. In this case, each process needs to record declarative trading data or processing data in a step-by-step database and perform declarative trading.

The government bond market can only participate in the government bond dealers authorized by the market managers for the sale of government bonds. For example, only government bond dealers, government bond reserve dealers, and government bond general dealers can participate. In the government bond market, only government bonds such as government bonds, currency stable bonds, forecast bonds, grains, forecast bonds, and external bonds are traded, and trading orders are settled the next day. The government bond market is fully autonomous through the bond trading system.

The government bond market is provided with quote information from the outside. The quote information includes information on the Treasury futures quotes, call rates, and certain blue chip quotes. Therefore, in the method of operating a bond transaction system according to an embodiment of the present invention, a quote receiving process is added to the receiver 103 of the bond transaction system separately from the quote price receiving process 110, and the quote processing is performed on the quote price processing unit 105. Add a process.

Quotes received through the quote receiving process call the quote processing process, and the quote processing process records the quote information in the quote database. The price information is recorded in the result database through the gathering process 1010 and may be changed into data for transmission. In addition, the government bond market provides information on the day's performance as processing information for external inquiry.

In the government bond market, suspension and resumption of stock quotes take place. Receiving process 110 is a stop signal is a hand signal is recorded in the database (120). When the reception process 110 is activated by the resumption request, the revocation price is recorded in the database 120 by the hand signal and is processed in the same manner as the new price. The price quote processing unit 105 determines the validity of the request for suspension of the bid price or the system stop request by the market manager in relation to the market operation information and performs the related trade execution process.

When there is a request for revocation of an individual quotation, the quotation is transferred to the database of the revocation quotation of the operating section 109 and the time of resumption after a predetermined time is recorded. The gathering process 1010 also records the invalidity quotes as result data in the result database 160. However, the validity quotation will not be transmitted to the outside and will wait for the resumption time or resumption time after a certain time. The operating section 109 transmits a resumption signal to the reception process 110 and calls it when a predetermined condition is satisfied, based on the characteristics of the revocation number.

Therefore, the bond trading system operating method according to an embodiment of the present invention adds a quote receiving process to the receiving unit 103 of the bond trading system without changing the bond trading system structure in order to support the government bond trading market. Add a quote processing process to the processing unit 105, and each process may record the quote information in the step-by-step database, and perform the step-related processing.

In addition, in the bond trading system operating method according to an embodiment, the suspension or resumption function may be added by communicating a suspension or resumption request between various processes of the bond trading system.

The redemption market is a classic REPO market based on the Global Master Repurchase Agreement. In the market for redemption bonds, the trade is carried out by quotes for the term redemption bonds and the redemption interest rate between dealers designated by the market manager. In the repurchase bond market, screen-based fully competitive trading is conducted, and only high-quality bonds such as government bonds, financial bonds, and corporate bonds with a credit rating of AAA or above are traded.

In the redemption market, revocation / resumption of quotes and reporting trades take place. Therefore, in the method of operating a bond transaction system according to an embodiment, the report sale related process may be performed by adding the report sale process to the bond transaction system for the redemption condition bond market, and communicating the report signal related signal between various processes. . In addition, related processing can be achieved by communicating a suspend / resume signal between the various processes.

In addition, in the repurchase obligation bond market, information on the settlement schedule and market creation are provided as information that dealers can inquire. Therefore, the method for operating a bond transaction system according to an embodiment may process data about real-time settlement details and market creation performance in an information processing process 1020 of a bond transaction system for a repurchase condition bond market, and a batch batch processing process. Call to send through the dealer server.

The retail bond market is a trading market between an unspecified number of general investors and a dealer-to-dealer market designated by the market manager. Like regular bonds, most bonds listed on the bond trading market are traded, and same-day orders are the day-to-day auction market. Dealers trade in a screen-based, fully competitive manner, and orders from regular investors are linked to the bond trading system through a brokerage order system.

The retail bond market is a market in which dealers and general investors participate, and the characteristics of the general bond market and the government bond market are shared. Therefore, in the bond trading system operating method according to an embodiment, a dealer server and a connection system are separately provided in the bond trading system for the retail bond market, and the receiving unit 103 receives the goods price of the dealer through the dealer server. And the process of receiving a consignment order of a general investor through a connection system. In addition, the call price processing unit 105 processes the dealer price and the general investor price in parallel, and the transmission unit 107, the market operating unit 109 synchronizes the transmission to the connection system and the transmission to the dealer server.

Meanwhile, the above-described embodiments of the present invention can be written as a program that can be executed in a computer, and can be implemented in a general-purpose digital computer that operates the program using a computer-readable recording medium. The computer-readable recording medium may be a magnetic storage medium (for example, a ROM, a floppy disk, a hard disk, etc.), an optical reading medium (for example, a CD-ROM, a DVD, etc.) and a carrier wave (for example, the Internet). Storage medium).

So far I looked at the center of the preferred embodiment for the present invention. Those skilled in the art will appreciate that the present invention can be implemented in a modified form without departing from the essential features of the present invention. Therefore, the disclosed embodiments should be considered in descriptive sense only and not for purposes of limitation. The scope of the present invention is shown in the claims rather than the foregoing description, and all differences within the scope will be construed as being included in the present invention.

1 illustrates a structure of a bond trading system for implementing a bond trading system operating method according to an embodiment of the present invention.

2 illustrates a process relationship of a bond trading system for implementing a method for operating a bond trading system according to an embodiment of the present invention.

3 illustrates the structure of a general stock trading system.

4 shows the process relationship of a general stock trading system.

5 illustrates the redundancy of data in a generic stock trading system.

6 illustrates the independence of the data of the bond trading system by the bond trading system operating method according to an embodiment of the present invention.

7 shows process modularization of a bond trading system according to one embodiment of the invention.

8 illustrates data modeling of bond sales in accordance with one embodiment of the present invention.

9 illustrates an information processing process of a method for operating a bond transaction system according to an embodiment of the present invention.

10 illustrates a structure of a bond trading system according to a method of operating a bond trading system according to another embodiment of the present invention.

Claims (19)

In the method of operating the bond trading system, The bond management system is a receiver that performs a reception process and a group processing process, a market operation unit that performs a market operation process for controlling a bond market opening and closing function and a suspension and resumption function of the bond owner by the bond market manager, and an event processing process. When the trading execution module and the bidding process is carried out, and the transmission process is performed, and the transmission process is performed, wherein each of the receiving unit, the price processing unit and the market operating unit has a separate database, the method of operating the bond trading system , Calling, by the receiving unit, the receiving process; Receiving, by the receiving unit, market operation information on market control of a bond market manager or a quote for a real-time sell or buy request from a trader using the called receiving process; Calling, by the receiving unit, the group processing process by using the called receiving process; Designating, by the receiving unit, a processing group corresponding to the call price and market operation information among a plurality of groups using the called group processing process; Calling, by the receiver, an item processing process of the call price processing unit using the group processing process; The call price processing unit designates a processing item corresponding to the processing group among a plurality of items by using the called item processing process, and generates result data related to the conclusion of each of the processing items through a trading execution module. step; Calling, by the call processing unit, a transmission process of the transmitter; And Using the called transmission process, by the transmitting unit, selecting and distributing the result data of the call price processing result or the long operating process result for each transmission target system, A process called through the call between the processes, the method of operating a bond trading system, characterized in that to access the data of the relevant database of the calling process. The method of claim 1, wherein the bond trading system operating method comprises: Calling the chapter operating process based on a chapter operating process time registered in the chapter operating database of the chapter operating unit; Calling, by the chapter operating unit, the reception process, transmitting the chapter operating information and requesting processing of the chapter operating information using the called chapter operating process; Generating, by the receiving unit, the long term operation corresponding to the long term operation information by adding the long term operation information to the quotation price using the called receiving process; Calling, by the chapter operating unit, the transmission process using the called chapter operation process; And And the transmitting unit transmits, by using the transmission process, public information on the bond market situation based on the generated market operation and processing information recorded in the result data of the bond market. Operating method. The method of claim 1, The trading module of the bond trading system may include: a first process of receiving a quotation price classified by an item through the item processing process; a second process of counting a selling quotation or a buying quotation among the received quotations; and the received quotation The third process of managing the items related to the operation is performed integrally, operation of the bond trading system characterized in that the process of closing the sale price and the purchase price quote corresponding to each other between the selling price and the bid price Way. The method of claim 2, The call processing unit further performs a gathering process and information processing process, The bond trading system operation method, Invoking the gathering process by the receiving unit using the group processing process; And Changing, by the call price processing unit, the call price processing result data or the result data of the long operating information processing using the gathering process into transmission data in order of data generation; Calling, by the call processing unit, the information processing process using the gathering process; Generating, by the call price processing unit, processing information for external inquiry based on a result of control by the call price-related fastening and long-term operation information using the information processing process and recording the processed information in a processing information database; Calling, by the call processing unit, a transmission process of the transmitter by using the gathering process; And And transmitting, by the transmitting unit, the transmission data and the external inquiry processing information to the outside using the transmission process. delete delete The method of claim 1, Wherein the bond trading system is initialized and reconfigured for the bond market of the next day after the bond market closes on the day. The method of claim 1, In order to prevent bottlenecks between the processes of recording the processing data for each group of the group processing process in the result data, the receiving unit sequentially uses the group processing process based on the tokens assigned to the groups using the group processing process. Bond processing system operating method, characterized in that for each processing data is recorded in the result data. The method of claim 4, wherein In order to prevent a bottleneck between a process of recording process data for each group of the group processing process into result data and a process of changing the result data of the gathering process to the transmission data, the transmitting unit uses the transmission process to prevent the bottleneck. And separating the result data processed into a form for transmission in a gathering process for each of the transmission targets. The method of claim 1, The receiver may include a database storing unit for receiving a hand signal for storing the received quotation. The quotes processing unit may include an aggregate quotation price database storage for storing information on the reception and aggregation status of the quotations related to the sale, a result database storage for storing the result data related to the sale, and the information related to the sale result to the outside. A processing information database storage unit for storing processing information for The chapter operating unit includes a long term operating database storage unit for storing the long term operating information and a public information database storing unit storing public information for disclosure to the outside as information related to the long term operation according to the long term operating information. . The method of claim 4, wherein When the bond market is a general bond market in which all the bonds listed on the bond market are traded due to the participation of an unspecified number of traders, and the seller's request to sell or buy is settled on the same day, the method of operating the bond trading system includes: Receiving, by the receiving unit, report trading information and report return rate information from the outside using the receiving process; Invoking, by the receiving unit, a notification processing process of the call price processing unit by using the group processing process; Determining, by the offer price processing unit, the validity of the report sales information and the report return rate information by using the report processing process, recording the result in the report sales report database and the report return rate database, and writing the result data related to the report report transaction; Invoking the gathering process by the call processing unit using the report processing process; Changing, by the call price processing unit, the result data related to the report transaction using the gathering process into transmission data, and calling the transmission process; And The transmitting unit transmits transmission data related to the report trade using the transmission process; The declared trading information is trading information of convertible bonds, foreigners and micro bonds, and accumulates in real time. The method of claim 4, wherein When the bond market is a government bond market where only government bond dealers authorized by the bond market manager participate and the government bonds and currency stable securities are traded, and the seller's request to sell or buy is settled the next day, the method of operating the bond trading system includes: Receiving, by the receiver, quote information for providing an inquiry service from an information system using a quote receiving process of the receiver; Processing, by the bid price processing unit, to establish a market using the trade execution process; Calling, by the receiver, a quote processing process of the call price processing unit by using the quote receiving process; Recording, by the quotation price processing unit, the quotation information in the quotation database of the quotation processing unit using the quotation processing process; Invoking the gathering process by the receiving unit using the group processing process; Changing, by the call price processing unit, result data related to the quote information to the transmission data using the gathering process; Calling, by the call processing unit, the transmission process using the gathering process; And The transmitting unit transmitting the transmission data related to the quote information by using the transmission process, The quote information is a bond trading system operating method characterized in that it represents an investment indicator including the government bond futures quotes, call rates, predetermined blue stock quotes. The method of claim 12, wherein the bond trading system operating method comprises: Transmitting, by the call price processing unit, the suspended request price to the market operator; Recording, by the chapter operating unit, the invalidity quotation for the validity quotation of the chapter operation section; And And wherein, on the basis of the characteristics of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity How to operate a trading system. The method of claim 4, wherein Only the applicants from the dealer authorized by the bond market manager participate in the bond market, so that high-quality bonds including government bonds, financial bonds, and corporate bonds with a predetermined credit rating or higher are traded as redemption bonds, and the period and interest rate method specified by the bond market manager. In the case of a redemption market traded in accordance with the above, the method of operating the bond trading system is The call processing unit further comprises the step of storing the data on the real-time payment schedule and market establishment results in a batch batch processing process to the dealer using the information processing process, and calling the dealer. The method of claim 14, wherein the bond trading system operating method comprises: Receiving, by the receiving unit, report trading information and report return rate information from the outside using the receiving process; The receiving unit calling a report processing process using the group processing process; Determining, by the offer price processing unit, the validity of the report sales information and the report return rate information by using the report processing process, recording the result in the report sales report database and the report return rate database, and writing the result data related to the report report transaction; Invoking the gathering process by the call processing unit using the report processing process; Changing, by the bid price processing unit, result data related to the report transaction using the gathering process into transmission data; Calling, by the call processing unit, the transmission process using the gathering process; And And transmitting, by the transmitting unit, transmission data related to the report trade using the transmission process. The method of claim 4, wherein Traders, including the unspecified number of general traders and dealers authorized by the bond market manager, participate in the bond market, so that treasury bonds, KEB, financial bonds, special bonds and bonds are traded, and the seller's request to sell or buy is settled on the same day. In the case of a retail bond market, the bond trading system operating method is Receiving, by the receiver, a dealer's quotation through a dealer server using the reception process, and receiving a quotation of a general trader through a connection system; Processing, by the offer price processing unit, the offer price of the dealer and the offer price of the general trader at the same time by using the trade execution process; And And transmitting, by the transmitting unit, the processing result by the dealer's quotation and the general trader's quotation using the transmission process in synchronization with the dealer server and the access system. The method of claim 16, wherein the bond trading system operating method comprises: Transmitting, by the call price processing unit, the suspended request price to the market operator; Recording, by the chapter operating unit, the invalidity quotation for the validity quotation of the chapter operation section; And And wherein, on the basis of the characteristics of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity of the validity How to operate a trading system. In the bond trading system, Receive the trading operation information on the real-time selling or buying request or the bond market manager's market control from the trader through the receiving process, and through the group processing process, the processing group corresponding to the selling price and trading operation information among the plurality of groups. A receiving unit for designating; Jang operation unit for controlling the function of opening and closing the bond market and the function of stopping and resuming the bond owner by the bond market manager through the market operation process; Through the item processing process, the bid price is aggregated by the processed items, the validity of the market operation is determined, and the trading conclusion module determines and concludes whether the sale corresponding to the quote or the market operation information is concluded and the result of the concluded conclusion and A quotation request unit for generating related information; And A transmitting unit for distributing the fastening result and related information through a transmission process, The receiving unit includes a database storing unit for receiving a hand signal in which the quotation is recorded, the quotation processing unit includes a result database storing unit for recording the conclusion of the sale and related information, and the operating unit storing unit operating database storing unit operating information is recorded. And a public information database storage unit for recording public information for disclosure to the outside as information related to the market operation according to the market operation information. The receiving process calls a group processing process, invokes an item processing process by the group processing process, and a result data gathering process for the conclusion result of the call price processing unit and related information calls the transmitting process, and the processes A process called by a call between said accessing data of the relevant database of the calling process. The method of claim 18, The quotation price processing unit further includes an aggregate quotation price database storage for storing information on the reception and aggregation status of quotations related to trading and a processing information database storage for storing processing information for releasing information related to the transaction result to the outside. Bond trading system, characterized in that.

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