Stock trading system

摘要

A stock trading system according to one aspect of the invention is provided which has: a trading platform; and—a plurality of trading data processing units;—wherein each trading data processing unit is capable of submitting orders in the form of electronic messages to the trading platform, and the trading platform is capable of storing these orders in an order book or, in the case of an order already appropriately stored in the order book, at least partially executing it;—wherein each trading data processing unit has a clock and is designed to provide each order with a timestamp which represents the time of the submission of the order;—and wherein the system is designed such that the trading platform processes incoming orders strictly in a sequence which corresponds to the timestamp.

主权项

1. A computerised stock exchange trading system comprising:
a trading platform and a plurality of trader data processing devices; wherein each trader data processing device is capable of submitting orders in the form of electronic messages, to the trading platform, and the trading platform is capable of processing these orders, by way them being stored in an order book, or, given a matching order already stored in the order book, by way of them at least partly being carried out; wherein each trader data processing device comprises a time generator and is configured to provide each order with a timestamp which represents the point in time of the submission of the order; and wherein the trading system is configured such that incoming orders are processed by the trading platform strictly in a sequence corresponding to the timestamp.