Claims:WE CLAIM:
1. A system for timing based trade making, comprising:
a. an internal database of the website;
b. a processor coupled to the memory to provide timing-based trade matching;
c. a computer /laptop/desktop medium; and
d. receiving quote from one user and another user .
2. The system as claimed in claim 1, wherein the said system determine whether the quote and the order are compatible as a potential match by at least comparing the minimum period of time for the quote to the maximum period of time for the order.
3. The system as claimed in claim 1, wherein the said system having computer readable medium receive a quote for a financial instrument offered by a first party and second party.
4. The system as claimed in claim 1, wherein the said system receives financial quotes and orders from various sources for one or more different types of financial instruments or securities.
, Description:FIELD OF THE INVENTION:
The present invention relates to exchange trading. The present invention more particularly relates to a system for timing-based trade matching.
BACKGROUND OF THE INVENTION:
An electronic trading platform is a computer system used to enable trading of financial products over a network. A “trade” generally describes an exchange of a financial instrument, such as stocks, bonds, commodities, currencies, derivatives, or any financial instrument of value, for cash. An electronic trading platform generally matches orders between liquidity seekers and liquidity providers.
An electronic trading platform may match an order with a quote based on a set of well-defined rules. When a match occurs, a quote provider may have a period of time to either accept or reject proposed terms of the deal.
So there is a need in the art to a system for timing-based trade matching.
OBJECTS OF THE INVENTION:
An object of the present invention is to provide a system to determine whether the quote and the order are compatible as a potential match by at least comparing the minimum period of time for the quote to the maximum period of time for the order.
Other objects and benefits of the present invention will be more apparent from the following description, which is not intended to bind the scope of the present invention.
SUMMARY OF THE INVENTION:
Accordingly, a system for timing-based trade matching is disclosed. A system for timing based trade making comprising: An internal database of the website; a processor coupled to the memory to provide timing-based trade matching; a computer /laptop/desktop medium and receiving quote from one user and another user.
DESCRIPTION OF THE DRAWINGS:
Fig 1 is a system for timing-based trade matching.
DETAILED DESCRIPTION OF THE INVENTION:
The present invention is a system for timing based trade matching. A internal database server of the website receives a quote for a financial instrument offered by a first party, the quote comprising a minimum period of time for the first party to process a matching order. Simultaneously another order is received from a second party, the order comprising a maximum period of time for waiting of an identified matching quote.
The database determines whether the quote and the order are compatible as a potential match by at least comparing the minimum period of time for the quote to the maximum period of time for the order. It adjusts a list of one or more orders that are compatible with the quote as a potential match based on a result of comparing the minimum period of time for the quote with the maximum period of time for the order.
In another embodiment, a system includes a memory and a processor coupled to the memory to provide timing-based trade matching. The system receives a quote for a financial instrument offered by a first party, the quote comprising a minimum period of time for the first party to process a matching order. The system also receives an order for the financial instrument from a second party, the order comprising a maximum period of time the second party is to wait for processing of an identified matching quote. The system determines whether the quote and the order are compatible as a potential match by at least comparing the minimum period of time for the quote to the maximum period of time for the order.
In another embodiment, a computer-readable medium has instructions that are executed by a processor, cause the processor to perform operations. The instructions include computer-readable program code configured to cause the processor to receive a quote for a financial instrument offered by a first party. The computer-readable program code is also configured to cause the processor to receive an order for the financial instrument from a second party, the order comprising a maximum period of time the second party is to wait for processing of an identified matching quote.
In another embodiment, Timing-based trading system receive financial quotes and orders from various sources for one or more different types of financial instruments or securities. A financial instrument or financial instrument generally refers to a tradable asset of any kind, include, debt securities, equity securities, derivative contracts, currency etc. A financial quote generally refers to an “ask price” or a price at which a seller is willing to sell a financial instrument, while an order generally refers to a “bid price” work price at which a buyer is willing to acquire a financial instrument. Financial quotes and orders includes other information such as a quantity, a transaction type, a “time in force”, and timing-based constraints. A financial quote or an order each may have a quantity or number of units to transact.
In another embodiment, the system determines the quote and the order are incompatible as a potential match when the minimum period of time for the quote exceeds the maximum period of time for the order. The system identifies the order as a potential match for the quote. The system identifies the order as a potential match for the quote when the minimum period of time for the quote does not exceed the maximum period of time for the order. The quote is matched with the order when minimum period of time for the quote does not exceed the maximum period of time for the order.
In another embodiment, a system for timing based trade making comprising:
an internal database of the website;
a processor coupled to the memory to provide timing-based trade matching ;
a computer /laptop/desktop medium and receiving quote from one user and another user .