| 摘要 |
This invention relates to a method of handling exchange for physical (EFP) transactions in a system comprising a matching host, at least one customer and at least one market maker. The method comprises the steps of the customer sending an order to the matching host, the matching host normalising the order and on finding a match to the normalised order offered by a market maker, simultaneously generating a spot transaction and a swap transaction before reporting details of the simultaneously generated spot and swap transactions. By normalising the order, the EFP transaction is handled in a very simple and efficient manner, whilst complying with all necessary and relevant regulatory requirements. Furthermore, by simultaneously generating both the spot transaction and a swap transaction to fulfill the order, the matching host fulfills the relevant regulatory requirements to carry out the EFP transaction in a manner that will stand up to subsequent scrutiny.
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