Electronic market transaction system for detecting orders reaching a prescribed frequency of failure to increase chance of establishing transactions
US5655088A · kind A · utility
Assignees
Inventors
Key dates
| Filing date | Mar 1, 1994 |
| Grant date | Aug 5, 1997 |
| Priority date | — |
| Expiry date | Mar 1, 2014 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
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.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.