EP0388162A2
Expired / Lapsed
EP
⏱️ 0.0 years remaining
Apparatus for market trading
Assignee: Board of Trade of City of Chicago Inc
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Filing: 1990-03-14
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Granted: —
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Expires: 2010-03-14
Abstract
Abstract A method and apparatus for market trading is disclosed, the apparatus generally comprising a host processor and a plurality of user terminals in selective communication with the host. Each user terminal includes a selectively partitionable display by which market information is conveyed to a participant. Among other features, the method involves the use of icons for representing traders, each icon including information relevant to the commodity being traded. The method and apparatus are applicable to markets for trading commodities such as securities, securities options, futures contracts, futures options, and the like.
Inventors
- 👤 Glen W. Belden
- 👤 John J. Brogan
- 👤 Thomas C. O'halleran
- 👤 Burton J. Gutterman
- 👤 John R. Kinsella
- 👤 Michael B Boyle
- 👤 Alvin Chow
- 👤 Bruce Phelps
- 👤 James White
Bibliographic Details
Application Number
—
Jurisdiction
EP
Data Source
google_patents
Last Synchronized
2026-10-27 15:55
CPC Classifications
G; G06; G06Q; G06Q40/00; G06Q40/04; H; H04; H04L; H04L12/00; H04L12/02; H04L12/16; H04L12/18; H04L12/1804
Claims Analysis
Total Claims: 11
Claim 1
Independent Claim
98 words
An apparatus for market trading comprising: a host processor; and a plurality of user terminals connected to the host processor, each user terminal comprising: display means for displaying a representation of a market at which a commodity is being traded; and entry means for permitting a user to enter a trading order, the apparatus further including communication means for transferring data between the user terminals and the host processing means such that information relating to each trading order entered and to the user entering that order can be displayed on the display means of the other user terminals.
Claim 2
Independent Claim
98 words
An apparatus for market trading comprising: a host processor; and a plurality of user terminals connected to the host processor, each user terminal comprising: display means for displaying a representation of a market at which a commodity is being traded; and entry means for permitting a user to enter a trading order, the apparatus further including communication means for transferring data between the user terminals and the host processing means such that information relating to each trading order entered and to the user entering that order can be displayed on the display means of the other user terminals.
Claim 3
Dependent Claim
32 words
An apparatus as claimed in claim 1, wherein the communication means enables periodic bursts of refresh and update data and two-way communications between user terminals and the host processing means between bursts.
Claim 4
Dependent Claim
46 words
An apparatus as claimed in claim 1 or 2, wherein the user terminals include terminal processor means that permit traders to select which of a plurality of market representations is to be displayed on said user display means and to enter orders in the market selected.
Claim 5
Independent Claim
31 words
An apparatus as claimed in one of claims 1 to 3, wherein the host processing means includes means for selecting an access time between the host and the various user terminals.
Claim 6
Independent Claim
25 words
An apparatus as claimed in any preceding claim, wherein only information relating to orders at the market prices are displayed on the terminal display means.
Claim 7
Independent Claim
32 words
An apparatus as claimed in one of claims 1 to 4, wherein said terminal display means comprises means for displaying information relating to users not bidding or offering at the market price.
Claim 8
Independent Claim
23 words
An apparatus ae claimed in any preceding claim, wherein orders are executed by the host processor in accordance with time-of-receipt and price priority.
Claim 9
Independent Claim
28 words
An apparatus as claimed in any preceding claim, wherein users entering orders to buy and to sell the commodity are represented on the display means by distinguishable icons.
Claim 10
Independent Claim
51 words
An apparatus as claimed in any one of claims 1 to 8, wherein the host processing means simultaneously executes transactions between a first user and one or a plurality of second users selected by the host processing means according to the details of orders entered by the first and second users.
Claim 11
Independent Claim
37 words
An apparatus as claimed in any one of claims 1 to 8, wherein the host processing means simultaneously executes transactions between a first user and one or a plurality of second users selected by the first user.
References Cited (Backward Citations)
No citation records indexed.
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