发明名称 METHOD OF ELECTRONICALLY SIMULATING A PIT-TRADING ENVIRONMENT IN ORDER TO MAXIMIZE LIQUIDITY IN AN ONLINE EXCHANGE
摘要 A method of electronically simulating the trading environment within an open-outcry exchange. An open-outcry exchange consists of a group of traders in a single physical location called a pit. The traders signal their intention to buy or sell at a certain price by using well-understood, standardized hand signals. At any given time, only a single best buy price and a single best sell price is allowed in the pit. This is simulated in an electronic environment by electronic methods. The method consists of a plurality of buyers and sellers (traders) that connect to a central server over the internet or other network via a software application that is either downloaded over the network to the traders computer or via a browser application such as Microsoft Internet Explorer or Netscape Navigator. The trader then lists the means by which they would like to be notified should the best bid or offer for that item be bettered in the market. The trader inputs his best buy and best sell prices in a folder or basket of items for purchase or for sale. When the best bid or best offer price for a given item is bettered in the electronic marketplace, the traders who are interested in this item will receive a notification by their preferred means and be given a chance to respond by buying the item, selling the item or bettering the bested bid or offer price as their situation warrants.
申请公布号 WO0246999(A2) 申请公布日期 2002.06.13
申请号 WO2001SG00243 申请日期 2001.11.29
申请人 SEMICON EXCHANGE PTE. LTD.;JEFFREY, S., STRYER 发明人 JEFFREY, S., STRYER
分类号 G06Q40/00;(IPC1-7):G06F17/60 主分类号 G06Q40/00
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