Electronic market transaction system for detecting orders reachi

Details Electronic market transaction system for detecting orders reachi Electronic market transaction system for detecting orders reachi

1994-03-01

1997-08-05

Hayes, Gail O.

G06F 1760, G06F 1900

Patent

active

056550880

ABSTRACT:
The present invention proves an electronic dealing system, which electronically performs matching processing between information on transaction orders placed by order side customers and information on transaction orders placed by hit side customers so as to establish transactions the electronic dealing system detects orders for which hit requests have been made, but for which transactions have failed to be established for a long period of time and eliminates those orders from the electronic dealing market. Further, when transactions fail to be established due to factors other than the transaction price and the transaction amounts, other customers which would help establish the transactions between order side and hit side customers are found so as to increase the number of transactions which are established.

REFERENCES:
patent: 4674044 (1987-06-01), Kalmus et al.
patent: 4903201 (1990-02-01), Wagner
patent: 4926325 (1990-05-01), Wagner
patent: 5038284 (1991-08-01), Kramer
patent: 5046002 (1991-09-01), Takashi et al.
patent: 5101353 (1992-03-01), Lupien et al.
patent: 5508913 (1996-04-01), Yamamoto

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