Invention Grant
- Patent Title: Automatic generation of an order in an instrument in a specified currency
- Patent Title (中): 以指定货币自动生成仪器中的订单
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Application No.: US10444091Application Date: 2003-05-23
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Publication No.: US08027901B2Publication Date: 2011-09-27
- Inventor: Lars-Ivar Sellberg , Claes Urban Dackberg , Christer Wennerberg
- Applicant: Lars-Ivar Sellberg , Claes Urban Dackberg , Christer Wennerberg
- Applicant Address: SE Stockholm
- Assignee: OMX Technology AB
- Current Assignee: OMX Technology AB
- Current Assignee Address: SE Stockholm
- Agency: Nixon & Vanderhye P.C.
- Main IPC: G06Q40/00
- IPC: G06Q40/00
Abstract:
In an automated trading system wherein orders in an instrument in a specified currency are received and a trade in the instrument is performed when, for a certain volume of the instrument, a bid price matches an ask price, a method is provided for automatically generating an order in the instrument in said specified currency. The method comprised the steps of receiving from e.g. a currency market or a market maker a current exchange rate between a currency other than said specified currency and the specified currency; receiving from a trader an order in the instrument in said other currency; calculating a price of the order in the specified currency based on the received order and the current exchange rate; and generating the order in the instrument in the specified currency.
Public/Granted literature
- US20040236664A1 Automatic generation of an order in an instrument in a specified currency Public/Granted day:2004-11-25
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