Automatic securities exchange system which detects communications errors and allows cancellation of orders
US5987419A · kind A · utility
Assignee
Inventors
Key dates
| Filing date | Mar 18, 1994 |
| Grant date | Nov 16, 1999 |
| Priority date | — |
| Expiry date | Mar 18, 2014 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06F2201/87
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
An electronic dealing system including a host system and a plurality of terminal systems and electronically performing matching processing of information on transaction orders placed by the order side customers and information on transactions placed by hit side customers so as to establish a transaction, wherein the host system is provided with a first detecting unit for detecting the occurrence of a fault in a communication system with a terminal system and a canceling unit for canceling orders of order side customers issued from a terminal system connected to that communication system when said first detecting unit detects that a fault in the communication system has occurred.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.