发明名称 SYSTEM AND METHOD FOR MANAGING THE EXECUTION OF TRADES BETWEEN MARKET MAKERS
摘要 <p>According to one embodiment, a method of managing trading is provided. A first bid for a first instrument is received from a first market maker at a first bid price. A first offer for the first instrument is received from a second market maker at a first offer price, the first offer price being lower than the first bid price. As a result of the first offer price being lower than the first bid price, the first bid price is automatically decreased to match the first offer price, and a first timer having a predetermined duration is started. If the first timer expires and both the first bid and the first offer exist at the first offer price when the first timer expires, a trade between the first bid and the first offer is automatically executed.</p>
申请公布号 EP1682977(A2) 申请公布日期 2006.07.26
申请号 EP20040796193 申请日期 2004.10.22
申请人 ESPEED, INC. 发明人 RENTON, NIGEL, J.;SWEETING, MICHAEL
分类号 G06Q40/00;G06Q40/04 主分类号 G06Q40/00
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