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METHOD AND SYSTEM FOR INTEGRATING TRADE EXECUTIONS AMONG MULTIPLE MARKET PARTICIPANT TYPES

机译：在多种市场参与者类型中集成交易执行的方法和系统

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摘要

A computerized system (10) and method for integrating trade executions among multiple market participant types is disclosed. The system (10) includes a client system (14) that provides a user interfact (150) for inputting an order for the execution of a trade and a server system (12) in communication with the client system (14). The server system (12) accepts the order for the execution of the trade from the client system (14). The server system (12) then routes the order to a trade execution location (30) of one market participant type selected from among multiple market participant types such as the market participant types of ECNs, market makers and exchanges. The server system (12) has direct and indirect access to the ECNs and the market makers and has indirect access to the exchanges, thereby integrating trade executions among multiple market participant types.

机译：公开了一种用于在多种市场参与者类型之间集成交易执行的计算机系统（ 10 ）和方法。系统（ 10 ）包括一个客户端系统（ 14 ），该客户端系统提供用户界面（ 150 ）用于输入执行订单的订单交易和与客户端系统（ 14 ）通信的服务器系统（ 12 ）。服务器系统（ 12 ）从客户端系统（ 14 ）接受执行交易的订单。然后，服务器系统（ 12 ）将订单路由到从多种市场参与者类型（例如市场参与者类型）中选择的一种市场参与者类型的交易执行位置（ 30 ） ECN，做市商和交易所。服务器系统（ 12 ）可以直接和间接访问ECN和做市商，并且可以间接访问交易所，从而在多个市场参与者类型之间集成交易执行。 展开▼

著录项

公开/公告号US2018268486A1

专利类型

公开/公告日2018-09-20

原文格式PDF

申请/专利权人 CHARLES SCHWAB & CO INC.;
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申请/专利号US201815985911

发明设计人 BRANT C. LEWIS;BRADLEY J SWEARINGEN;RICHARD MUNOZ;DAVID S. HARDING;GREGORY SCOTT MOGONYE;
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申请日2018-05-22

分类号G06Q40/04;G06Q40/00;

国家 US

入库时间 2022-08-21 13:00:26

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