KR20010111789A - System and method for trading stocks on the price determined based on other stock markets' price - Google Patents

Abstract

The present invention relates to a system and method for trading securities using prices of other markets.

To this end, the order received from the investor client computer is counted, and the order for a predetermined time is received, the stock price data for each item is received from other securities trading systems, and the trading price for each item is calculated and the trading price for each item is applied. It provides a stock trading system including a trading execution server for closing the sale of the order.

Description

System and method for trading stocks on the price determined based on other stock markets' price}

The present invention relates to a system and method for trading securities using prices of other markets, and more particularly, to receive an order for a certain time in the stock market or KOSDAQ market, according to the order priority The present invention relates to a system and a method of applying and calculating a trade price for each item from a price traded in another market.

Organized markets for trading securities include the stock exchange market and the KOSDAQ market. These two markets are free to trade stocks of companies with certain requirements. The stock exchange market and the KOSDAQ market establish and operate market operation rules to protect investors and improve market fairness and transparency, and the basic structure is similar in both markets. Only members can submit orders directly to the market, and financial institutions, companies, and investors can place orders through brokerage firms. A member can be a member only by a securities company with a membership fee. Trading time is also limited, so trading is not possible outside the fixed market hours. In the trading method, the price is changed every time an order is submitted by the principle of price and time, so the price changes frequently and the fluctuation of the day is large.

To solve these limitations and problems of the stock exchange market and the KOSDAQ market, a separate stock exchange market is required. Investors, securities companies, and payment institutions will participate in this market and operate in conjunction with the stock exchange market and the KOSDAQ market. Investors are composed of securities firms, financial institutions, pension funds, general corporations, and individual investors. Institutional investors with certain credibility and qualified individual investors can enter the market directly without going through securities companies. Other investors will enter the market via securities firms. The settlement institution receives the trading results and implements the results of the trading between investors, and the stock exchange market and the KOSDAQ market need to provide trading items to the market which is the basis of this market, and provide the price and volume for a specific time. have.

The present invention is to solve the above problems, it is an object of the present invention to provide a system and method for forming a securities trading market separate from the existing market to implement the market.

1 is a block diagram of a stock trading system according to the present invention

2 is a flow chart of the securities trading method according to the present invention

The present invention for realizing the object as described above in the system for trading securities on the network, the order received from the investor client computer and the order for a certain time, and the stock price data from other securities trading system It includes a trading execution server for receiving the transmission to calculate the sale price for each item, and concludes the sale of the aggregated order by applying the calculated sale price for each item. In addition, a method of trading securities on a network, the method comprising: receiving a trading order including an item code, a selling number classification, and a quantity from an investor through a client computer, and generating aggregate data; Receiving the stock price data for each item from another stock trading system and calculating a trading price for each item from the received price data; It concludes a sale for the received order, and provides the step of applying the sale price for each item calculated above to the concluded sale.

Hereinafter, exemplary embodiments of the present invention will be described in detail with reference to the accompanying drawings that can be easily implemented by those skilled in the art.

Figure 1 shows a block diagram of a stock trading system using the price of the other market of an embodiment according to the present invention.

As shown in FIG. 1, the stock trading system according to the present invention includes a client computer 100-n, a web server 300, a trading server 400, and a payment server 500. The system includes the Internet. An access path is established through the network 200 including the exchange system, and is connected to other stock trading systems such as the exchange system 600 and the KOSDAQ system 700.

The investor client computer 100-n has a built-in web browser or a program exclusively for sale and outputs a web page provided from various servers for the investor to view. Investors can access the securities trading system according to the present invention by inputting information necessary for identification, such as a user identification number and a password, through the client computer 100-n and receiving an investor certificate. In addition, the investor can input the item code, the number of sellers, the quantity, and the validity of the order through the client computer, and receive the results of the system processing such as the order receipt result, transaction conclusion result, settlement result, etc. You can also query

Those skilled in the art to which the present invention belongs, the investor client computer is not only a general personal computer, but also various desktops, laptops, palmtops, wireless communication client computers, etc., which can be connected to the web server or a trade execution server through the Internet. It will be appreciated that this may be used.

The web server 300 includes a connection management unit 310 and a connection management database 312, and manages the network connection of the client computer and provides a data transfer path between the investor client computer and the trading execution server.

When the investor attempts to log in to trade securities using a client computer, the access management unit 310 stores the accessor's IP (Internet Protocol), the user's unique number, and the port being used in the access management database and authenticates the investor. In the case of an authenticated investor, a connection path is established to trade securities using the securities trading system according to the present invention. The log-in data of the access management database 312 storing information of the accessor's IP, a user's unique number, etc. may be used as data for identifying investor tendencies, interest items, and the like through analysis.

The sale and execution server 400 may include an order receiving unit 410, an aggregation unit 412, a fastening unit 414, an information processing unit 416, a quote receiving unit 418, a stock price calculating unit 420, and a payment transmitting unit 422. ), Including information transmission unit 424, order receipt database 450, aggregate database 452, information database 454, item price database 456, item price database 458, transaction database 460 Include. The trading execution server 400 receives an order input from an investor client computer and aggregates the order for a predetermined time. And in connection with the trading system of other markets, such as the stock exchange market and KOSDAQ market, it receives the price for a specific time to calculate the average price for each item or receive the closing price. The trading system for the order is concluded using the quote database and the aggregate database for each item and a transaction database is generated. The transaction database is sent to the settlement server and the trading results are sent to the investor client computer. In addition, transaction databases and aggregate databases are provided to provide investors with the information they need to help them make investment decisions and determine market conditions.

The order receiving unit 410 receives the order contents input from the investor client computer to check the suitability of the order, and if it is a suitable order, attaches the serial number and the receipt time data to the order and stores it in the order receiving database 450. If the order is not suitable, the order is rejected and the result is transmitted to the investor through the client computer. In order to examine the suitability of the order, the order acceptance checks whether the item code, order quantity unit, etc. match the preset value. The order reception database 450 stores data about a reception number, a reception time, an account number, an item code, a quantity, a sell number classification, and an order valid time for each order.

The aggregation unit 412 searches the order reception database, classifies the order data by item and the number of sells, and stores the order data in the aggregation database as time priority. In the aggregate database 452, the received orders are sorted by item and by sell number, and are stored in order of time together with order quantity data.

The fastening unit 414 is automatically started when a predetermined fastening time is reached, and searches and calls the price database for each item and the aggregate database to execute the fastening process and store the result in the transaction database 460. The transaction database 460 stores data about the seller, the buyer, the receipt number, the execution number, the item code, the price, the quantity, the execution date, and the like, for the orders concluded at the connection unit.

The payment transmitter 422 searches the transaction database and transmits data necessary for payment to the payment receiver of the payment server 500.

The price receiver 418 receives the price history or the closing price transmitted from the price transmitter of the exchange market and the KOSDAQ market for a predetermined time, and stores the price in the item-specific price database. The item price database 456 for each item stores data necessary for calculating an average share price for a certain period such as order execution time, item code, price, and quantity.

The stock price calculating unit 420 searches the stock price database for each item, calculates an average price or a closing price for each item, or determines a closing price applied by a predetermined algorithm and stores it in the price database for each item. The item price database 458 stores an item code, an average price or item price per item, or a closing price calculated by a predetermined algorithm.

The information processing unit 416 searches the aggregate database and the transaction database, processes the information useful to the investor, and stores the information in the information database. The information database 454 stores order counting information, conclusion result information, and the like. The information transmitter 424 searches the information database and transmits the information to the connection manager of the web server.

The payment server 500 includes a payment receiving unit 510, a payment processing unit 512, and a payment transmitting unit 514, and includes a payment receiving database 520 and a payment database 522. The payment receiving unit 510 receives the transaction history data of the payment transmission unit 422 of the sale execution server and stores it in the payment reception database 520, and the payment reception database includes the seller, the buyer, the receipt number, the execution number, and the item. Includes data such as code, price, quantity and closing date and time.

The payment processing unit 512 searches the payment reception database 520 to process payment and stores the processing result in the payment database 522. The result of the processing by the payment processing unit 512 is recorded in the payment database 522. The payment transmitter 514 retrieves the payment database and transmits the data to the investor client computer.

The functional units and databases in the web server, trading execution server, and payment server may be mounted in the server, or each functional unit and databases may be independently implemented as a separate server.

2 is a flowchart illustrating a securities transaction method according to the present invention.

As shown in Fig. 2, the investor attempts to connect to the trading establishment system according to the present invention through the client computer. (S100) When the investor authentication is requested after the connection, the trading execution system searches the access management database to determine whether the investor is authenticated from data such as the IP of the visitor, the user's unique number, and the used port. (S102) The process may be allowed to access to the sale and execution server only for the authenticated investors after the web server is built separately.

Send the web page for the order quote to the client computer of the authorized investor. (S104) The investor inputs or selects the order type of the stock to be traded, the number of selling, the item code, the quantity, the validity of the sale, etc. through the order quotation price web page, and transmits the same to the sale execution server. (S106) The web server confirms the user's unique number with respect to the data, and transmits the content input to the client computer to the sale and execution server. The sale and execution server assigns a receipt number to the transmitted order in the order of receipt, and updates and stores the order in the receipt database. The results are then provided to the investor via the client computer. (S108) The received orders are classified for each item and sell for a predetermined time, and are stored in the aggregate database with time priority. (S112) For example, the stock exchange market and the KOSDAQ market take orders from 9:00 am to 10:00 am for one hour and count by item and by number of sells. When the receipt of the order for a predetermined time is completed, the generation of the aggregate database is completed. The generated summary is provided to all investors through a network such as the Internet. If the order type among the orders is a cancel order, the order is deducted from the aggregate database and the result is provided to all investors through a network such as the Internet. (S116, S118)

In parallel with the aggregation process, price and volume data for each trade item are received from other markets, such as the stock exchange market and the KOSDAQ market. (S132) Receiving data can be received in real time for a specific time, for example, receive the traded data from 9:55 am to 10:05 am and stores it in the item price database for each item. It is possible to determine the closing price of the aggregated order from the price data for each item. For example, the sale price may be concluded with respect to the aggregated orders using the average price of the quoted price, or the price calculated by a separate algorithm from the quote may be determined as the price to be applied at the time of sale. When other markets, such as the stock exchange market or KOSDAQ market, are closed, the closing price for each item may be received and used to determine the closing price of the sale. The sales order is made at the determined price for the aggregated order, which may be performed at a predetermined sales time. (S140)

Through the above method, we will notify the investor through the client computer of the unsettled order for the one-time order on the same day among the unsettled orders, and update the accounting database by passing the orders valid for the next time to the next time-order. Process. A transaction history is generated for an order for which a sale is concluded, and the transaction history is transmitted to a payment server. (S144, S146, S148) The payment server performs a payment process for the order concluded from the transaction details received. (S150) The transaction database and the aggregation database generated according to the transaction are processed in the information processing unit and transmitted to the client computer at the request of the investor to be provided as investment information. (S152)

The drawings and detailed description of the invention are merely exemplary of the invention, which are used for the purpose of illustrating the invention only and are not intended to limit the scope of the invention as defined in the appended claims or claims. Therefore, those skilled in the art will understand that various modifications and equivalent other embodiments are possible from this. Therefore, the true technical protection scope of the present invention will be defined by the technical spirit of the appended claims.

Stock trading system and method using the price of the other market according to the present invention has the following effects. In other words, orders are placed on a timely basis for stocks traded on the KOSDAQ or KOSDAQ markets in response to the needs of investors who want to buy at a specific point in time, while increasing the likelihood of closing a securities rather than buying or selling securities. The price can be reduced and the price can be reduced by applying the average price or closing price traded on the exchange market or KOSDAQ market.

Claims (13)

In a system for trading securities on a network, The order received from the investor client computer is counted, and the order for a certain period of time is received, the stock price data for each item is received from other securities trading systems, and the trading price for each item is applied. Marketing Server to Sign Your Marketing System for trading securities using prices of other markets, including. In claim 1, The sale and execution server, An aggregate database in which the received orders are sorted by item and by sell number, and are stored in order of time together with order quantity data; An item price database for storing transaction price data for a certain period such as order execution time, item code, price, and quantity for each item received from the other stock trading system; And Price database for each item that stores the average price for each item calculated from the quote database or the price of each item calculated for the item or a predetermined algorithm The system for trading securities using the price of another market further comprising. In claim 1, The sale and execution server, A price receiving unit which receives the price data or the closing price for each item from another stock trading system and stores it in the price database for each item; Stock price calculation unit for calculating the average price or closing price for each item based on the trading volume from the data of the item price database for each item, or for calculating the selling price by a predetermined algorithm and storing it in the price database for each item The system for trading securities using the price of another market further comprising. In claim 1, The sale and execution server, The fastening unit which searches the aggregate database at a predetermined closing time and concludes the trade according to the time priority, and applies the calculated trade price for each item to the trade price. The system for trading securities using the price of another market further comprising. In claim 1, Investor authentication is performed using data such as the user's unique number inputted through the client computer, and in the case of an authenticated investor, a connection path to a trading execution server is set so that the securities can be traded using the securities trading system according to the present invention. Web server The system for trading securities using the price of another market further comprising. In the method of trading securities on the network, A first step of receiving a trading order including an item code, a selling number classification, and a quantity from an investor through a client computer, and generating aggregate data; A second step of receiving quote data for each item from another stock trading system and calculating a selling price for each item from the received quote data; A third step of closing a sale for the order received in the first step, and applying a sale price for each item calculated in the second step to the concluded sale; How to trade securities using prices of other markets, including. In claim 6, The first step, Step 1-1 to determine the suitability of the order for the received order; Steps 1-2, where the appropriate order is received and reflected in the reception database and the results of the receipt are provided to the investor through the client computer. How to trade securities using the price of another market further comprising. In claim 6, The first step, In step 1-3, the received order data is classified by item and number of sells, and stored in the aggregate database in a time priority order. How to trade securities using the price of another market further comprising. In claim 6, The second step, Step 2-1 of receiving item-specific price data from another stock trading system and storing it in the item-specific price database; Calculating a trading price for each item from the received quote data; How to trade securities using the price of another market further comprising. In claim 9, In step 2-1, Step 2-3 of receiving data traded from another securities trading system in real time for a predetermined time and storing it in a database for each item How to trade securities using the price of another market further comprising. In claim 9, Step 2-2, Steps 2-4 of calculating the average price based on the trading volume for each item from the received quote data, and applying this as the selling price for each item, Step 2-5 of setting the closing price of each stock to the selling price of each stock after the end of other securities trading system How to trade securities using the price of another market further comprising. In claim 6, The third step, A step 3-1 of closing a sale based on time priority with respect to the order received in the first step; Step 3-2 of applying the trading price for each item calculated in the second step to the concluded trading How to trade securities using the price of another market further comprising. In claim 6, The first step, Steps 1-4 in which data for order valid time is further input when an order is input More, The third step, If the order received is not signed and is a one-time order on the same day, Steps 3-3, which provide the unconfirmed result to the investor through the client computer and deduct the transaction from the aggregate database; If the order received above is unsuccessful and valid for the next time frame, Step 3-4 storing the order in the reception database of the next time zone How to trade securities using the price of another market further comprising.