G - Physics – 06 – Q
Patent
G - Physics
06
Q
G06Q 40/00 (2006.01)
Patent
CA 2575968
According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, buy orders and sell orders are received from plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by determining whether the particular trading order differs from at least one comparison price by more than a threshold value. If it is determined that the particular trading is an outlying trading order, a restrictive action is taken regarding the outlying trading order. For example, if a trader subsequently submits another trading order that would trade with the outlying trading order, an alert message may be sent to the trader and the subsequent trading order may be prevented from trading with the outlying trading order at least temporarily.
Dans un mode de réalisation, l'invention concerne la gestion d'opérations commerciales. Sur un marché pour un type d'instrument donné, des ordres de vente et des ordres d'achat sont reçus d'une pluralité d'agents commerciaux. A chaque offre de vente et à chaque offre d'achat sont associés un prix demandeur et un prix vendeur, respectivement. On détermine si une offre particulière se situe hors norme en examinant si son prix diffère d'un prix de comparaison de plus d'une valeur de seuil. Si tel est le cas, on prend une mesure restrictive à l'égard de cette offre. Par exemple, si un agent commercial soumet une autre offre commerciale pouvant remplacer l'offre hors norme, un message de mise en garde peut lui être adressé et la nouvelle offre être bloquée au moins temporairement.
Lutnick Howard W.
Noviello Joseph C.
Sweeting Michael
Espeed Inc.
Kirby Eades Gale Baker
LandOfFree
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