发明名称 |
INTEGRATED ORDER MATCHING SYSTEM COMBINING VISIBLE AND HIDDEN PARAMETERS |
摘要 |
A system and method for providing back-end functionality for order processing in electronic order book trading. A sell/buy order is received comprising a lower/upper limit and a conditional lower/upper limit defining a conditional selling/buying price range for executing the sell/buy order under certain selling/buying conditions. It is determined whether the selling/buying conditions are fulfilled, including determining whether the sum of the first and second part of the buy/sell order is superior or equal to a threshold volume. The sell/buy order and the buy/sell order are executed against each other if at least the selling/buying conditions are fulfilled. Embodiments allow rapidly executing large trading interests with minimized market impact and opportunity costs.
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申请公布号 |
US2013110701(A1) |
申请公布日期 |
2013.05.02 |
申请号 |
US201213720972 |
申请日期 |
2012.12.19 |
申请人 |
DEUTSCHE BOERSE AG;DEUTSCHE BORSE AG |
发明人 |
SCHWEICKERT UWE;BUDIMIR MIROSLAV;GOMBER PETER |
分类号 |
G06Q40/04;G06Q40/00;G06Q50/00 |
主分类号 |
G06Q40/04 |
代理机构 |
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代理人 |
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主权项 |
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地址 |
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