Montage for automated market system

G - Physics – 06 – F

Patent

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Details

G06F 17/60 (2000.01)

Patent

CA 2403246

An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process that receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window a plurality of price levels of a product traded in the market. The market also includes processes to handle lock/cross market conditions, match-off of order flow and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.

L'invention concerne un marché électronique destiné au commerce de valeurs, comprenant une pluralité de postes clients permettant la saisie des cotations et un processus serveur destiné à recevoir les cotations des clients, à les totaliser et à afficher le total des cotations pour une pluralité de niveaux de prix sur les systèmes client. Ledit marché utilise une interface utilisateur graphique qui représente, dans une fenêtre de totalisation, le total des cotations pour une pluralité de cours relatifs à un produit échangé sur le marché. Ledit marché comprend également des procédés de gestion des conditions de blocage/application du marché, de consolidation des flux d'ordres et constitue un collecteur central des cotations/ordres assurant l'interface avec des systèmes de remises d'ordres disparates pour minimiser le double endettement des teneurs de marché.

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