WO2002003774A2 - Gestion et coordination de persistance pour systeme oriente objet d'un systeme de negoce - Google Patents

Gestion et coordination de persistance pour systeme oriente objet d'un systeme de negoce Download PDF

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Publication number
WO2002003774A2
WO2002003774A2 PCT/US2001/021658 US0121658W WO0203774A2 WO 2002003774 A2 WO2002003774 A2 WO 2002003774A2 US 0121658 W US0121658 W US 0121658W WO 0203774 A2 WO0203774 A2 WO 0203774A2
Authority
WO
WIPO (PCT)
Prior art keywords
securities
workstation
data
trading
objects
Prior art date
Application number
PCT/US2001/021658
Other languages
English (en)
Other versions
WO2002003774A3 (fr
Inventor
Graham M. Freckleton
Valery German
Original Assignee
Kestrel Technologies, Inc.
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Kestrel Technologies, Inc. filed Critical Kestrel Technologies, Inc.
Priority to EP01952564A priority Critical patent/EP1299839A2/fr
Priority to AU2001273301A priority patent/AU2001273301A1/en
Publication of WO2002003774A2 publication Critical patent/WO2002003774A2/fr
Publication of WO2002003774A3 publication Critical patent/WO2002003774A3/fr

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Definitions

  • the other form of bond is called a zero coupon, or discount bond which provides no payment except for the final return of the face value of the bond at a specified date (e.g. ten years from issuance).
  • the discount bond is sold at some fraction of its face value, with the interest rate discount a function of this and the term of the bond.
  • the speed at which trading flows and the oral nature of the auction process injects a potential for human error that often translates into many millions of dollars committed to trades unrelated to customer objectives.
  • the broker is left at the end of each trading day with a reconciliation process that may, under certain market conditions, wipe out all associated profit from that day's trading.
  • customers may quickly change direction regarding trading, based on new information available to the market. Shifting position or backing out of previously committed transactions on very short notice is often very difficult in the traditional open outcry auction process.
  • the Component Object Model may be used in a network.
  • OLE Object Linking and Embedding
  • ActiveX controls are among the many types of components that use COM technologies to provide interoperability with other types of COM components and services. ActiveX controls are the third version of OLE controls (also called OCX), providing a number of enhancements specifically designed to facilitate distribution of components over high-latency networks and to provide integration of controls into Web browsers.
  • Microsoft now uses the term "ActiveX control” instead of "OCX” for the component object.
  • One of the main advantages of a component is that it can be re-used by many applications (referred to as "Component Containers").
  • the present invention deals with "object-oriented” software.
  • the "object-oriented” software is organized into “objects”, each comprising a block of computer instructions describing various procedures ("methods") to be performed in response to "messages" sent to the object or "events" which occur with the object.
  • Such operations include, for example, the manipulation of variables, the activation of an object by an external event, and the transmission of one or more messages to other objects.
  • the present invention also relates to an apparatus for performing these operations.
  • This apparatus may be specifically constructed for the required purposes or it may comprise a general purpose computer as selectively activated or reconfigured by a computer program stored in the computer.
  • the algorithms presented herein are not inherently related to any particular computer or other apparatus.
  • various general purpose machines may be used with programs written in accordance with the teachings herein, or it may prove more convenient to construct more specialized apparatus to perform the required method steps.
  • the required structure for a variety of these machines will appear from the description below.
  • the disclosed embodiment deals with Microsoft's ActiveX environment, the present invention is equal, applicable to other object oriented operating systems such as JAVA compatible or LINUX based systems.
  • the present invention is described with a specific embodiment referencing Microsoft's Windows NT operating system, the invention is compatible with Microsoft's Windows 2000 operating system and is envisioned to be compatible with future operating systems.
  • the present invention leverages the principle of locality by situating the most mission-critical business data and system components where they are needed most - on the workstations of traders who require immediate decision support services. Conversely, data most critical for executing business transactions is located on the server. Specifically, the product exploits the locality principle in the following ways:
  • RAPTr-NT is designed with a layered approach which permits the product's various technologies to be effectively decoupled from one another. This decoupling yields significant benefits in terms of architectural flexibility. For example, RAPTr-NT's Oracle RDBMS can be slotted out and replaced with Informix without affecting client performance and only minimally affecting the server. This layering concept applies to both the product's Physical Model (hardware and software processes) and its Logical Model (API's and software interactions).
  • RAPTr-NT workstation processes support user applications. They also abstract applications from the underlying transaction/data delivery model. There are four distinct types of workstation processes:
  • Calculator Views This allows users to perform ad hoc calculations such as finding forward settlement prices, carry costs, optimal strip/recon candidates, and spread values. It can also be used for "what-if analyses and special analytic studies such as OAS and option valuations. Calculator types include: Constant Spread Calculator (calculates spread between Benchmark and dependent Instruments); Finance Trade
  • RAPTr-NT product is compliant, economical, and available today
  • E420R file server in conjunction with appropriate amount of supporting storage.
  • one file server with 2Gb RAM, 2x18.3Gb internal disk, CDROM, standard graphics, no monitor, Solaris 2.6 (May, 98).
  • 2 Sun file servers one for the Oracle Database and one for the Application
  • 4Gb RAM one per processor per machine
  • 2x18.3Gb internal disk CDROM
  • standard graphics no monitor
  • Solaris 2.6 May, 98

Abstract

La présente invention porte sur un procédé et un système commercial et de gestion de titres négociables qui permet d'avoir en permanence la maîtrise des données variant dans le temps. Le système a une interaction avec des systèmes de traitement de données exécutant des transactions d'achat et de vente d'au moins un titre auquel correspond un ensemble de données caractéristiques. Le système de traitement de données est activé par une pluralité de participants et transmet des informations relatives aux données caractéristiques des titres. Le système commercial comprend un réseau (RLE), une station de travail (14) et un serveur (12). La station de travail est couplée au réseau et comprend un écran d'affichage (18) destiné à présenter à un participant des informations concernant les conditions du marché susceptible de se présenter dans la mesure où elles se rapportent aux données caractéristiques d'au moins un titre. Le serveur sur le réseau communique avec la station de travail et envoie à celle-ci des informations d'événements. La station de travail et le serveur comprennent un programme logiciel orienté objet comportant une pluralité d'objets. La station de travail comprend une application logiciel d'évaluation des titres qui référencie un objet possédant des données caractéristiques de titres variant dans le temps. La station de travail comprend également un logiciel de commande de la persistance possédant des instructions qui permettant à la station de travail de mettre à jour l'objet possédant des données caractéristiques des titres variant dans le temps lors de la réception d'informations d'événements externes correspondant aux données des valeurs asservies au temps.
PCT/US2001/021658 2000-07-12 2001-07-10 Gestion et coordination de persistance pour systeme oriente objet d'un systeme de negoce WO2002003774A2 (fr)

Priority Applications (2)

Application Number Priority Date Filing Date Title
EP01952564A EP1299839A2 (fr) 2000-07-12 2001-07-10 Gestion et coordination de persistance pour systeme oriente objet d'un systeme de negoce
AU2001273301A AU2001273301A1 (en) 2000-07-12 2001-07-10 Object oriented system and method for persistance control and coordination for trading systems

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US61452100A 2000-07-12 2000-07-12
US09/614,521 2000-07-12

Publications (2)

Publication Number Publication Date
WO2002003774A2 true WO2002003774A2 (fr) 2002-01-17
WO2002003774A3 WO2002003774A3 (fr) 2003-01-30

Family

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Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2001/021658 WO2002003774A2 (fr) 2000-07-12 2001-07-10 Gestion et coordination de persistance pour systeme oriente objet d'un systeme de negoce

Country Status (3)

Country Link
EP (1) EP1299839A2 (fr)
AU (1) AU2001273301A1 (fr)
WO (1) WO2002003774A2 (fr)

Cited By (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7299408B1 (en) 2002-04-01 2007-11-20 Fannie Mae Electronic document validation
US8571973B1 (en) 2002-12-09 2013-10-29 Corelogic Solutions, Llc Electronic closing
US8688461B1 (en) 2002-03-29 2014-04-01 Fannie Mae Electronic registry for authenticating transferable records
US9811868B1 (en) 2006-08-29 2017-11-07 Jpmorgan Chase Bank, N.A. Systems and methods for integrating a deal process

Families Citing this family (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7567928B1 (en) 2005-09-12 2009-07-28 Jpmorgan Chase Bank, N.A. Total fair value swap
US7620578B1 (en) 2006-05-01 2009-11-17 Jpmorgan Chase Bank, N.A. Volatility derivative financial product

Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
EP0407026A2 (fr) * 1989-05-25 1991-01-09 Reuters Limited Système distribué et méthode pour établir une correspondance entre acheteurs et vendeurs
US5262942A (en) * 1990-06-05 1993-11-16 Bankers Trust Company Financial transaction network
WO2000065510A1 (fr) * 1999-04-22 2000-11-02 Trading Technologies, Inc. Systeme de commerce electronique de titres

Patent Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
EP0407026A2 (fr) * 1989-05-25 1991-01-09 Reuters Limited Système distribué et méthode pour établir une correspondance entre acheteurs et vendeurs
US5262942A (en) * 1990-06-05 1993-11-16 Bankers Trust Company Financial transaction network
WO2000065510A1 (fr) * 1999-04-22 2000-11-02 Trading Technologies, Inc. Systeme de commerce electronique de titres

Cited By (9)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8688461B1 (en) 2002-03-29 2014-04-01 Fannie Mae Electronic registry for authenticating transferable records
US7299408B1 (en) 2002-04-01 2007-11-20 Fannie Mae Electronic document validation
US7818657B1 (en) 2002-04-01 2010-10-19 Fannie Mae Electronic document for mortgage transactions
US8078512B1 (en) 2002-04-01 2011-12-13 Corelogic Real Estate Solutions, Llc Document manifest and publication in association with dataset quality control
US8301553B1 (en) 2002-04-01 2012-10-30 Fannie Mae Electronic mortgage document certification
US8626647B1 (en) 2002-04-01 2014-01-07 Fannie Mae Electronic mortgage document certification
US8689094B1 (en) 2002-04-01 2014-04-01 Fannie Mae Electronic document for mortgage transactions
US8571973B1 (en) 2002-12-09 2013-10-29 Corelogic Solutions, Llc Electronic closing
US9811868B1 (en) 2006-08-29 2017-11-07 Jpmorgan Chase Bank, N.A. Systems and methods for integrating a deal process

Also Published As

Publication number Publication date
EP1299839A2 (fr) 2003-04-09
WO2002003774A3 (fr) 2003-01-30
AU2001273301A1 (en) 2002-01-21

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