ELECTRONIC SYSTEMS FORMED OF MARKET ENGINES HAVING INTEGRATED TRANSACTION UNITS

摘要

An e-commerce system for electronic transactions using external transaction units for transactions, networks for interconnecting the transaction units with a market engine. The market engine supervises transactions based on information gathered from over the entire e-commerce system. The market engine operates using internal components. That include functional components and instrument components. The internal components include functional components, for example, a router component for routing to external transaction units, a trigger component for evaluating conditions, a crossing component for internal crossing of instruments and a scripting component for programmed trading. The internal components include instrument components for a plurality of different types of instruments such as stocks, bonds, options and foreign exchange. The market engine is capable of transactions involving multiple instruments.