发明名称 |
SYSTEM AND METHOD FOR MANAGING THE EXECUTION OF TRADES BETWEEN MARKET MAKERS |
摘要 |
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. |
申请公布号 |
WO2005045613(A2) |
申请公布日期 |
2005.05.19 |
申请号 |
WO2004US35158 |
申请日期 |
2004.10.22 |
申请人 |
ESPEED, INC.;RENTON, NIGEL, J.;SWEETING, MICHAEL |
发明人 |
RENTON, NIGEL, J.;SWEETING, MICHAEL |
分类号 |
G06Q40/04 |
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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