System for managing the trading order in bulk order book

摘要

PROBLEM TO BE SOLVED: To provide a system regarding electronic trading, in particular, for managing trading orders in aggregated order books.;SOLUTION: The first order is associated with a first group of traders which is associated with a first rule set. A memory stores the second order in the second order book. The second order is received after the first order. The second order is associated with a second group of traders which is associated with a second rule set. The system further comprises a processor communicatively coupled to the memory and operable to receive a counter order associated with a third group of traders. The processor executes a first trade associated with the second order and the counter order wherein the first trade is executed according to the second rule set. If a portion of the counter order remains unfilled, the processor executes a second trade associated with the first order and the counter order wherein the second trade is executed according to the first rule set.;COPYRIGHT: (C)2009,JPO&INPIT