KR20170037092A

KR20170037092A - Execution method for ordering based on a price and electronic device supporting the same

Info

Publication number: KR20170037092A
Application number: KR1020150136199A
Authority: KR
Inventors: 박병근
Original assignee: ㈜윈웨이시스템
Priority date: 2015-09-25
Filing date: 2015-09-25
Publication date: 2017-04-04

Abstract

The present invention relates to an ordering execution method based on a price and apparatus. To this end, the electronic apparatus of the present invention includes a communication part for data communication with a user terminal and at least one exchange server, a sharing memory for storing an order message received from a secondary battery user terminal, and a control part electrically connected to a secondary battery communication part and a secondary battery sharing memory. A secondary battery control part receives market data from the secondary battery exchange server and searches an order that satisfies a specified price condition among the order messages stored in the secondary battery shared memory based on a symbol corresponding to the secondary battery market data. So, the delay of order and payment can be reduced.

Description

BACKGROUND OF THE INVENTION 1. Field of the Invention The present invention relates to a price-based order execution method,

The present invention relates to a price-based order execution method, and more particularly, to a price-based order execution method and an electronic apparatus for supporting automatic order execution based on matching between market data and a specified price.

In the modern financial market, there are various kinds of stocks, bonds, and commodity markets, and derivative products and securitized products. These products are elaborated in an organic relationship, but temporary imbalances and unreasonable prices are formed by the participation of various trading partners in the market.

Algorithmic trading, on the other hand, has a strategy of systematically capturing profits by automatically capturing momentary imbalances throughout the financial system, and a trading strategy to minimize temporary market imbalances and market distortions due to large orders. Algorithm trading is an automated transaction that determines and executes when, where and how to trade, minimizing the marketing cost, minimizing market impact by trading, minimizing the trade productivity, processing speed, and exposure of trading information And is widely used by major brokers around the world for various reasons.

Algorithmic trading should process events in real time (microsecond) stream data that occur in the market in real time. Accordingly, it is becoming a strategic goal of broker-dealers and exchanges to enter into low-latency competition between trading markets and to provide efficient trading services. According to this tendency, it is required to develop a technique that can reduce the delay in order processing and fastening processing in the order management system.

Korean Patent Laid-Open Publication No. 10-2012-0083016, July 25, 2012 (Name: Financial Asset Purchase / Sale Operation System)

It is an object of the present invention to provide a price-based order execution method and an electronic device for supporting the same, which can reduce the delay in ordering and closing processing in an order management system.

It is another object of the present invention to provide a price-based order execution method and a electronic apparatus for supporting the same, which can optimally execute orders at a specified price while minimizing delays.

According to an aspect of the present invention, there is provided an electronic device including a communication unit for data communication with a user terminal and at least one exchange server, a shared memory for storing an order message received from the user terminal, Wherein the control unit receives market data from the exchange server and searches for an order that satisfies a specified price condition among the order messages stored in the shared memory based on a symbol corresponding to the market data .

And the controller is configured to activate the price matching process using the market data as a trigger signal upon receiving the market data.

And the control unit stores the market data in the shared memory so that the price matching process is referred to.

The control unit is configured to read the distribution metadata for each stock group from the shared memory, to parallelize the stock by item and group, and to activate each parallelized thread.

And the control unit is configured to transmit the order request message to the exchange server in response to the order satisfying the specified price condition.

Wherein the controller is configured to transmit an order request message specifying the price of the market data satisfying the specified price condition to the exchange server.

The control unit is configured to receive the settlement information corresponding to the order request message from the exchange server and to transmit the settlement information to the user terminal.

And the control unit is configured to delete the storage history of the order message stored in the shared memory after the completion information is transmitted.

Wherein the control unit is configured to collect market data from a plurality of exchange server servers and to generate and transmit an order request message corresponding to market data of a relatively good price condition among the market data.

A price-based order execution method according to an embodiment of the present invention includes: storing an order message received from a user terminal in a shared memory; receiving market data from the exchange server; And searching for an order that satisfies a specified price condition among the order messages stored in the shared memory.

The method may further include generating an order request message specifying a price of the market data satisfying the specified price condition, and transmitting the order request message to the exchange server.

The method comprising: receiving settlement information corresponding to the order request message from the exchange server; transmitting the settlement information to the user terminal; after the settlement information transmission, And an operation of erasing the data.

According to the present invention, it is possible to reduce the delays in the trading market for accepting an order while concluding an item of a desired price at a desired price without delay.

1 is a diagram illustrating a configuration of a price based order fulfillment system according to an embodiment of the present invention.
2 is a diagram illustrating an example of the configuration of an order processing server according to an embodiment of the present invention.
3 is a diagram illustrating an example of a configuration of a controller of an order processing server according to an embodiment of the present invention.
4 is a flowchart illustrating a price based order execution method according to an embodiment of the present invention.
FIG. 5 is a diagram illustrating another example of an order processing server related to price-based order execution according to an embodiment of the present invention.
6A and 6B are data explaining the low delay effect according to the price-based order execution of the present invention.

While the invention is susceptible to various modifications and alternative forms, specific embodiments thereof are shown by way of example in the drawings and will herein be described in detail. BRIEF DESCRIPTION OF THE DRAWINGS For a more complete understanding of the nature and advantages of the present invention, reference should be made to the following detailed description taken in conjunction with the accompanying drawings, in which:

In the following description and the accompanying drawings, detailed description of well-known functions or constructions that may obscure the subject matter of the present invention will be omitted. It should be noted that the same constituent elements are denoted by the same reference numerals as possible throughout the drawings.

The terms and words used in the following description and drawings are not to be construed in an ordinary sense or a dictionary, and the inventor can properly define his or her invention as a concept of a term to be described in the best way It should be construed as meaning and concept consistent with the technical idea of the present invention. Therefore, the embodiments described in the present specification and the configurations shown in the drawings are merely the most preferred embodiments of the present invention, and not all of the technical ideas of the present invention are described. Therefore, It is to be understood that equivalents and modifications are possible.

Also, terms including ordinal numbers such as first, second, etc. are used to describe various elements, and are used only for the purpose of distinguishing one element from another, Not used. For example, without departing from the scope of the present invention, the second component may be referred to as a first component, and similarly, the first component may also be referred to as a second component.

In addition, when referring to an element as being "connected" or "connected" to another element, it means that it can be connected or connected logically or physically. In other words, it is to be understood that although an element may be directly connected or connected to another element, there may be other elements in between, or indirectly connected or connected.

Also, the terminology used herein is for the purpose of describing particular embodiments only and is not intended to be limiting of the invention. The singular expressions include plural expressions unless the context clearly dictates otherwise. It is also to be understood that the terms such as " comprising "or" having ", as used herein, are intended to specify the presence of stated features, integers, It should be understood that the foregoing does not preclude the presence or addition of other features, numbers, steps, operations, elements, parts, or combinations thereof.

In addition, embodiments within the scope of the present invention include computer-readable media having computer-executable instructions or data structures stored on computer-readable media. Such computer-readable media can be any available media that is accessible by a general purpose or special purpose computer system. By way of example, and not limitation, such computer-readable media can comprise RAM, ROM, EPROM, CD-ROM or other optical disk storage, magnetic disk storage or other magnetic storage devices, or in the form of computer- But is not limited to, a physical storage medium such as any other medium that can be used to store or communicate certain program code means of the general purpose or special purpose computer system, .

In the following description and claims, the term "network" is defined as one or more data links that enable electronic data to be transmitted between computer systems and / or modules. When the information is transmitted or provided to a computer system via a network or other (wired, wireless, or a combination of wired or wireless) communication connection, the connection may be understood as a computer-readable medium. Computer readable instructions include, for example, instructions and data that cause a general purpose computer system or special purpose computer system to perform a particular function or group of functions. The computer executable instructions may be binary, intermediate format instructions, such as, for example, assembly language, or even source code.

In addition, the invention may be practiced with other computer systems, including personal computers, laptop computers, handheld devices, multiprocessor systems, microprocessor-based or programmable consumer electronics, network PCs, minicomputers, mainframe computers, a pager, and the like. < RTI ID = 0.0 > [0040] < / RTI > The invention may also be practiced in distributed systems environments where both local and remote computer systems linked by a combination of wired data links, wireless data links, or wired and wireless data links over a network perform tasks. In a distributed system environment, program modules may be located in local and remote memory storage devices.

Now, a configuration of a price-based order execution system for providing price-based order execution processing according to an embodiment of the present invention will be described with reference to the drawings.

1 is a diagram illustrating a configuration of a price based order fulfillment system according to an embodiment of the present invention.

1, a price based order fulfillment system may include, for example, a user terminal 10, a communication network 20, an order processing server 30, and an exchange server 40.

The order based on the order data created by the user terminal 10 is transmitted to the order processing server 30 via the communication network 20 and the price data is provided from the exchange server 40. In this case, It can collect the price data and compare it with the price specified in the order request and automatically support the exchange server 40 to execute the purchase order.

The user terminal 10 may include a terminal capable of transmitting and receiving various data via the communication network 20 of the wireless environment according to a key operation of the user. The user terminal 10 may be, for example, a tablet PC capable of wireless communication, a laptop, a personal computer (PC), a smart phone, a personal digital assistant (PDA) ), A smart TV, a mobile communication terminal, or the like.

Also, the user terminal 10 may include a terminal that performs voice or data communication using the communication network 20. In addition, the user terminal 10 may include a terminal for storing a browser, a program and a protocol for a price-based order execution service of the present invention, a processor for executing and controlling various programs, and the like . That is, if the user terminal 10 can connect to the communication network 20 and perform price ordering, any terminal can be used. The terminal 10 includes all communication computing devices such as a notebook computer, a mobile communication terminal, and a PDA It is a broad concept.

The user terminal 10 can access the order processing server 30 through the communication network 20. [ The user terminal 10 may transmit an order message to the order processing server 30 in response to a user input. When the order processing server 30 performs order concluding, the user terminal 10 can receive and output the concluding result. The user terminal 10 can output a user interface for creating an order message, a user interface for outputting a result of ordering, and the like through a display. Also, the user terminal 10 may include an audio device for outputting audio information corresponding to, for example, an order message transmission and a concluding result reception.

The communication network 20 may include a network supporting a communication channel between the user terminal 10 and the order processing server 30 and the exchange server 40. The communication network 20 can provide at least one of various types of communication methods depending on the characteristics of the user terminal 10 and the like. For example, the communication network 20 may support a base station-based communication system capable of communicating with a mobile communication terminal, an Internet-based communication system forming a wired communication channel, and the like. The communication network 20 can deliver the order message of the user terminal 10 to the order processing server 30 and deliver the market data provided by the exchange server 40 to the order processing server 30. [ Further, the communication network 20 can transmit the result of the concatenation according to the order concluded to the user terminal 10.

The exchange server 40 can provide market data. For example, the exchange server 40 may provide market data including at least one item, such as a seller's price, price and price, concluding information, and the like. The exchange server 40 can be understood to mean, for example, external organizations such as FDM (not shown), FCM (not shown). In case of domestic exchange server, protocol SPEC can be implemented, and FDM or FCM can be implemented using FIX protocol.

The order processing server 30 can receive an order message from the user terminal 10 via the communication network 20. [ The order processing server 30 can store the received order message in a memory (for example, a memory operated in a MISAM (Memory Indexed Sequential Access Method) corresponding to a high-speed memory ISAM for Low-Latency as a shared memory based ISAM) have. The order processing server 30 may collect market data provided by the exchange server 40 or the like. The order processing server 30 compares the collected market data with the price of the order message, and can perform automatic order processing if the matching or specified condition is satisfied. The order processing server 30 may receive the result of the automatic order processing from the exchange server 40 and provide it to the user terminal 10. [ In this operation, the order processing server 30 can stream the market data in real time and automatically submit the order to the market at an appropriate timing. The above-described order processing server 30 can execute a simple order targeting the low latency of price-based trading of the FX Margin Trading System.

The order processing server 30 can distinguish an order type of a predetermined type. For example, the order processing server 30 can distinguish order types such as Market, Limited Market, Limit, Reverse Market / Limit, Stop Loss, FOK Limit, OCO and Trailing Stop. The order processing server 30 receives and queries the order type, monitors (or listens) the market data, and receives the specific content receiving status display area 1231 of the market data to compare the price requested by the user. The order processing server 30 sets the price at the market price, sets the order type to the specified size, and transmits it to the exchange server 40 (or FDM, FCM) if the price condition matches. The market data is received from a plurality of exchange servers 40 (or FDM, FCM), the most advantageous quotation is collected, the prices are compared, and the order is delivered to the most advantageous exchange server 40 .

2 is a diagram illustrating an example of the configuration of an order processing server according to an embodiment of the present invention.

2, the order processing server 30 may include a communication unit 32, a control unit 31, an input unit 33, an output unit 34, and a shared memory 35. Here, in the embodiment of the present invention, the shared memory 35 is described as being included in the order processing server 30, but may be implemented as a separate server. The control unit 31, the communication unit 32, the input unit 33, the output unit 34 and the shared memory 35 constituting the order processing server 30 are the same as those shown in FIG. 2 As shown in FIG.

The communication unit 32 can transmit and receive data through various communication methods as well as wire and wireless methods. Additionally or alternatively, the communication unit 32 may transmit and receive data using one or more communication methods. For this purpose, the communication unit 32 may include a plurality of communication modules each transmitting and receiving data according to different communication methods . The communication unit 32 performs data transmission and reception for communication with the user terminal 10 and the exchange server 40. For example, the communication unit 32 may receive an order message from the user terminal 10. [ The communication unit 32 can receive market data from the exchange server 40. [ The communication unit 32 can transmit an automatic order request message to the exchange server 40 under the control of the control unit 31. [ The communication unit 32 can receive the conclusion result from the exchange server 40 and transmit it to the user terminal 10 under the control of the control unit 31. [

The input unit 33 transmits to the control unit 31 a signal to which various information such as numbers and character information inputted from the system manager is input. The input unit 33 includes at least one of a key input means such as a keyboard and a keypad, a touch input means such as a touch sensor or a touch pad, a voice input means, a gyro sensor, a geomagnetic sensor, an acceleration sensor and a proximity sensor, And gesture input means made up of a plurality of gesture input means, and may include any type of input means currently being developed or developed in the future.

The output unit 34 displays information on a series of operation states, operation results, and the like that occur during the execution of the functions of the order processing server 30. For example, the output unit 34 of the present invention outputs a screen based on price-based order execution under the control of the control unit 31. For example, the output unit 34 may output a list of at least one order messages provided by the user terminal 10, a list of collected market data, a screen according to price matching, and the like. The output unit 34 may be formed in the form of a flat panel display panel such as a liquid crystal display (OLED) or an organic light emitting diode (OLED). In addition, the output unit 34 can be manufactured in a structure including a display panel and a touch panel according to the manufacturing form.

The shared memory 35 may be a configuration for storing program and user data related to the operation of the order processing server 30. The shared memory 35 of the present invention stores a user portfolio containing user-provided order messages or condition information for ordering. In addition, the shared memory 35 stores open contracts for each user, account information (including a margin), uncommitted transactions, order details, account information for each account, and item code basic information. In addition, the shared memory 35 may temporarily store the market data provided by the exchange server 40.

The shared memory 35 may include a program area and a data area. The program area stores information related to driving the order processing server 30 such as an operating system (OS) for booting the order processing server 30. [ The data area is an area in which data generated according to use of the order processing server 30 is stored. The shared memory 35 may be a flash memory, a hard disk, a memory of a multimedia card micro type (such as SD or XD memory), a RAM (RAM), a ROM ROM), and the like.

The control unit 31 performs overall control of the order processing server 30 and controls the flow of signals for supplying power and performing functions to each component constituting the order processing server 30, for example. The control unit 31 may be an operating system (OS) and a process unit for driving each configuration.

The control unit 31 may store the order message provided by the user terminal 10 in the shared memory 35 based on the memory ISAM. The control unit 31 can search the order message satisfying the price condition or meeting the specified condition in the shared memory (memory operated by the MISAM method) based on the symbol of the market data received from the exchange server 40. [ The control unit 31 can submit an automatic order corresponding to the order message satisfying the condition to the exchange server 40, and can receive and process the result of the agreement. An example of the detailed configuration of the control unit 31 related to this will be described with reference to Fig.

3 is a diagram illustrating an example of a configuration of a controller of an order processing server according to an embodiment of the present invention.

3, the control unit 31 may include a data collection module 31_1, a price matching module 31_2, an order processing module 31_3, and a connection processing module 31_4.

The data collection module 31_1 may include an order receiving process and a market data receiving process.

The order receiving process may include a process of receiving an order message from the user terminal 10, an order conformity check process, a process of writing the order to the shared memory 35 (or memory operated in the MISAM manner) if the order is valid have. In connection with the order conformity check, the data collection module 31_1 may perform basic information inspection such as, for example, an account number, a stock code check, a call conformity check and an orderable amount inspection. The inquiry conformity test items include inquiry type code inspection, inquiry condition code inspection, country code, investor code, price limit, price price unit, member company number, Amount of money, amount of futures / spreads: amount of orders, amount of orders when options are sold, amounts of orders when options are purchased, amounts of orders, amounts that can be ordered when correcting orders, And the total amount that can be ordered. The data acquisition module 31_1 may store an order message based on a shared memory operation method (e.g., MISAM (Memory Indexed Sequential Access Method).) The market data receiving process includes at least one exchange server 40 (or FCM / FDM The market data can be received.

The market data receiving process may deliver the received market data to the price matching module 31_2. Or the market data receiving process may store the market data in the shared memory 35 and deliver the trigger signal to the price matching module 31_2. The market data receiving process reads distribution metadata for each event at the time of initial activation, stores the metadata in the hash table, searches the hash table when receiving market data, and transmits data and signals to the corresponding session to wake up the corresponding price matching process.

The price matching module 31_2 can perform the price matching process. Upon receipt of the trigger signal from the market data receiving process, the price matching process searches four times under a specified condition, for example, Limit Sell, Limit Sell, Stop Sell, or Stop Buy, stored in the shared memory per signal, It is possible to check whether the search conditions match. If the price condition is matched, the price matching process can generate an order text according to the price match and deliver it to the order processing module 31_3. In this operation, in the price matching process, the distribution metadata for each item is read in the shared memory 35, and parallelized for each item and group, and the thread can be activated in advance. According to the embodiment of the present invention, the price matching process is performed by searching four times (LIMIT_BUY → GTEQ:> =, LIMIT_SELL → LSEQ: <=, STOP_BUY → LSEQ: <=, STOP_SELL → GTEQ:> =).

The order processing module 31_3 can perform the order sending process. The order submission process can create an order request message based on the order mastery delivered by the price matching process. The order sending process can deliver the order request message to the exchange server 40. With respect to order processing, the order sending process can perform order processing according to a specified policy. For example, with respect to the new, revision, and cancel order processing, an order request message associated with an STP (Straight Through Processing) account is stored in the shared memory 35 by default. In addition, the non-STP account makes a reservation in the shared memory 35 according to the terms of reference. Set a value in the STP Order Dispatch property when booking.

The coupling processing module 31_4 can perform a coupling receiving process, a coupling processing process, and a coupling transmission process. The acceptance reception process can receive an order acceptance response and an agreement from the exchange server 40. The contract receiving process can deliver the order receiving response and the contract information to the contract sending process. The closing process deletes the order message stored in the shared memory 35 with the original order number of the contract received from the exchange server 40. At this time, the fastening process can perform the designated process according to the fastening amount. For example, in the closing processing process, if the reservation order remaining amount is compared with the contracted quantity, when the entire amount is concluded, an internal specialization is made and the contract is transmitted to the internal system, and then the booking details are deleted. The closing process compares the order quantity with the quantity that has been concluded, and subtracts the order quantity from the order quantity when the partial order is concluded. The concluding transmission process transmits the concluding message to the user terminal 10. [

4 is a flowchart illustrating a price based order execution method according to an embodiment of the present invention.

Referring to FIG. 4, in the price-based order execution method of the present invention, in step 401, the user terminal 10 may transmit an order message to the order processing server 30. In this regard, the user terminal 10 can access the order processing server 30 and output the web page provided by the order processing server 30 through a browser or the like. The user terminal 10 can create an order message for a specified item in response to user input. The order message may, for example, include an order quantity and a sale price information of the item.

Upon receiving the order message from the user terminal 10, in step 403, the order processing server 30 can store the order message. For example, the order processing server 30 may store an order message in the shared memory 35. [ The order message stored in the shared memory 35 may be stored, for example, to correspond to the specified order type. For example, an order message can be stored as an order type such as sell, buy, sell limit, buy limit.

At step 405, the order processing server 30 may receive market data from the exchange server 40. [ The order processing server 30 can extract the symbol corresponding to the market data. In step 407, the order processing server 30 may perform a symbol-based search for retrieving an order message stored in the shared memory 35 using the extracted symbol. For example, the order processing server 30 can search for an order message having price information corresponding to a symbol of market data. When the price information corresponding to the symbol of the market data is retrieved, in step 409, the order processing server 30 can create an order request message and send the order request message to the exchange server 40. [ In various embodiments, the order processing server 30 may retrieve an order message with a price condition based on market data received from a plurality of exchange servers 40 (or FCM / FDM). The order processing server 30 can select the market data with a relatively better condition to perform the order request. For example, the order processing server 30 may transmit an order request to the exchange server 40, which is created by designating the market data having a relatively higher price information in the case of a sale order. Or the order processing server 30 can transmit an order request to the exchange server 40, which is created by designating the market data having relatively lower price information in the case of buy orders. In the process of transmitting to the exchange server 40, the order processing server 30 can confirm the exchange server providing the market data and transmit the order request message.

When the exchange server 40 receives the order request message from the order processing server 30, the exchange server 40 can perform the corresponding concatenation. The exchange server 40 can create the settlement information according to the order concluded when the order concluding is performed, and transmit the concatenation information to the order processing server 30 in the step 411. [ The order processing server 30 may transmit the received connection information to the corresponding user terminal 10 in step 413. [ In this operation, the order processing server 30 can confirm the user terminal information of the order request message or the settlement information, and can transmit the settlement information to the corresponding user terminal 10. [

FIG. 5 is a diagram illustrating another example of an order processing server related to price-based order execution according to an embodiment of the present invention.

5, the order processing server 30 can receive market data from at least one exchange server 40 (or FDM, FCM, etc.). The order processing server 30 may temporarily store the received market data 50 and may start a thread according to the distribution metadata for each item group stored in the shared memory 35. [ Here, the order processing server 30 can start the threads 52 that are parallelized for each item group. For example, the order processing server 30 may parallelize the USD items, the JPY items, and the EUR items by group and store them in the queue 52. The information stored in each queue 52 may be matched with the market data as a thread 53 for each stock group. The order processing server 30 can generate an order request message based on the thread 53 and transmit the order request message to the exchange server 40. [ In addition, the order processing server 30 can operate the ticker DB 51). The ticker DB 51 may be updated based on the market data 50. [

6A and 6B are data explaining the low delay effect according to the price-based order execution of the present invention.

Referring to FIG. 6A, the order processing server 30 performs a search in the shared memory 35 with one search signal, for example, performing data search based on four search types. For example, the order processing server 30 can collect 2500 data generation cases by applying search conditions GTEQ, LSEQ, LSEQ, and GTEQ to the order types of LIMIT_BUY, LIMIT_SELL, STOP_BUY, and STOP_SELL.

As shown in FIG. 6B, the inter-section delay (Latency) in the search of 10,000 in the above-described conditions shows a very good low delay effect as shown in FIG. 6B, with a total delay of 176.362 microseconds. It can be seen that the price-based order execution method of the present invention is suitable for a system that requires a very high speed such as Ultra-High Frequency Trading, which is much faster in a typical order trading system.

As described above, the present specification contains details of a number of specific implementations, but they should not be construed as being limitations on the scope of any invention or claim, but rather on the particular embodiment of a particular invention But should be understood as an explanation of certain features. Certain features described herein in the context of separate embodiments may be implemented in combination in a single embodiment. Conversely, various features described in the context of a single embodiment may also be implemented in multiple embodiments, either individually or in any suitable subcombination. Further, although the features may operate in a particular combination and may be initially described as so claimed, one or more features from the claimed combination may in some cases be excluded from the combination, Or a variant of a subcombination.

Likewise, although the operations are depicted in the drawings in a particular order, it should be understood that such operations must be performed in that particular order or sequential order shown to achieve the desired result, or that all illustrated operations should be performed. In certain cases, multitasking and parallel processing may be advantageous. Also, the separation of the various system components of the above-described embodiments should not be understood as requiring such separation in all embodiments, and the described program components and systems are generally integrated together into a single software product, It should be understood.

Certain embodiments of the subject matter described herein have been described. Other embodiments are within the scope of the following claims. For example, the operations recited in the claims may be performed in a different order and still achieve desirable results. By way of example, the process illustrated in the accompanying drawings does not necessarily require that particular illustrated or sequential order to obtain the desired results. In certain implementations, multitasking and parallel processing may be advantageous.

The description sets forth the best mode of the invention, and is provided to illustrate the invention and to enable those skilled in the art to make and use the invention. The written description is not intended to limit the invention to the specific terminology presented. Thus, while the present invention has been described in detail with reference to the above examples, those skilled in the art will be able to make adaptations, modifications, and variations on these examples without departing from the scope of the present invention.

Therefore, the scope of the present invention should not be limited by the described embodiments but should be defined by the claims.

The present invention relates to a price-based order execution method and an electronic device supporting the same. According to the present invention, it is possible to reduce delays between trading markets by simply performing an order request satisfying a specified condition by comparing market data with an order price in an order processing operation for a financial product, thereby realizing a more stable order management system operation . &Lt; / RTI > In addition, since the present invention is not only possible to be marketed or operated, but also can be practically and practically carried out, it is industrially applicable.

10: User terminal
20: Network
30: Order processing server
31:
32:
33: Input section
34: Output section
35: Shared memory
40: Exchange server

Claims

A communication unit for data communication with a user terminal and at least one exchange server;
A shared memory for storing an order message received from the user terminal;
And a control unit electrically connected to the communication unit and the shared memory,
The control unit
Wherein the processor is configured to receive market data from the exchange server and retrieve an order satisfying a specified price condition among the order messages stored in the shared memory based on a symbol corresponding to the market data, Electronic device.

The method according to claim 1,
The control unit
And upon receiving the market data, is set to activate the price matching process with the market data as a trigger signal.

The method according to claim 1,
The control unit
Wherein the market data is stored in the shared memory so that the price matching process is set to reference.

The method according to claim 1,
The control unit
Wherein the distribution metadata for each stock group is read in a shared memory and parallelized for each stock and group in connection with the order message, and each parallelized thread is activated.

The method according to claim 1,
The control unit
And send an order request message to the exchange server in response to the order satisfying the specified price condition.

6. The method of claim 5,
The control unit
And transmits the order request message, which specifies the price of the market data satisfying the specified price condition, to the exchange server.

6. The method of claim 5,
The control unit
Wherein the settlement information is set to receive settlement information corresponding to the order request message from the exchange server and to transmit the settlement information to the user terminal.

8. The method of claim 7,
The control unit
And the deletion history of the order message stored in the shared memory is deleted after the completion information is transmitted.

The method according to claim 1,
The control unit
Wherein the system is configured to collect market data from a plurality of exchange servers and to generate and transmit an order request message corresponding to market data of a relatively good price condition among the market data.

Storing an order message received from a user terminal in a shared memory;
Receiving market data from the exchange server;
Searching for an order that satisfies a specified price condition among the order messages stored in the shared memory based on a symbol corresponding to the market data;
Based order execution method.

11. The method of claim 10,
Creating an order request message that specifies the price of the market data satisfying the specified price condition;
Transmitting the order request message to the exchange server;
Based on the price of the order.

12. The method of claim 11,
Receiving settlement information corresponding to the order request message from the exchange server;
Transmitting the concatenation information to the user terminal;
Deleting a stored history of the order message stored in the shared memory after the completion information is transmitted;
Based on the price of the order.