System and method for managing the execution of trades...

G - Physics – 06 – Q

Patent

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Details

G06Q 30/00 (2006.01) G06Q 40/00 (2006.01)

Patent

CA 2543749

According to one embodiment, a method of managing trading is provided. A first bid for a first instrument is received from a first market maker at a first bid price. A first offer for the first instrument is received from a second market maker at a first offer price, the first offer price being lower than the first bid price. As a result of the first offer price being lower than the first bid price, the first bid price is automatically decreased to match the first offer price, and a first timer having a predetermined duration is started. If the first timer expires and both the first bid and the first offer exist at the first offer price when the first timer expires, a trade between the first bid and the first offer is automatically executed.

Dans un mode de réalisation, l'invention concerne un procédé qui permet de gérer des transactions. Une première demande pour un premier instrument est reçue en provenance d'un premier teneur de marché à un premier prix de demande. Une première offre pour le premier instrument est reçue en provenance d'un second teneur de marché à un premier prix d'offre, le premier prix d'offre étant inférieur au premier prix de demande. Etant donné que le premier prix d'offre est inférieur au premier prix de demande, le premier prix de demande est automatiquement diminué pour qu'il soit équivalant au premier prix d'offre et un premier temporisateur d'une durée prédéterminée est activé. Si ce premier temporisateur expire et que tant la première demande que la première offre existent au premier prix d'offre lorsque le premier temporisateur expire, une transaction entre la première demande et la première offre est automatiquement exécutée.

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