Energy trading system
First Claim
1. In an automated exchange system, a method of trading energy contracts, the method comprising the steps of:
- receiving from a number of traders orders for different types of energy contracts traded at the automated exchange, in the system converting the orders to a specified format, in the system performing various tasks relevant to each incoming order using said specified format, and re-converting information from the system relating to each incoming order and/or market related information into a format preferred by the trader before displaying the information to the trader.
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Accused Products
Abstract
In an automated exchange system trading energy contracts a converter/translator unit is located interconnected between the order input terminal and the computer hosting the central marketplace/orderbook of the automated exchange system. The trader using the input terminal will use the energy units and order format(s) he normally uses or the units he prefers to use to for each energy commodity. The converter unit is designed to translate the order into a system standard format that will be specified by the marketplace. The trading system including the converter/translator unit will give flexibility to the traders and still have the benefit of standardized instrument specifications between different types of commodities. Also derived orders can easily be generated in the automated, even for complex combination orders involving different energy types.
32 Citations
14 Claims
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1. In an automated exchange system, a method of trading energy contracts, the method comprising the steps of:
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receiving from a number of traders orders for different types of energy contracts traded at the automated exchange, in the system converting the orders to a specified format, in the system performing various tasks relevant to each incoming order using said specified format, and re-converting information from the system relating to each incoming order and/or market related information into a format preferred by the trader before displaying the information to the trader. - View Dependent Claims (2, 3, 4, 5, 6, 8, 9, 10, 11, 12, 14)
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7. An automated exchange system for trading energy contracts comprising:
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means for receiving orders for different types of energy contracts traded at the automated exchange from a number of traders, means for converting the orders to a specified format, and means for re-converting information from the system relating to each incoming order and/or market related information into a format preferred by the trader before displaying the information is to the trader.
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13. A computer program product for use in an automated exchange system, the program, when executed by a computer performing the following steps in an automated exchange system:
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receiving from a number of traders orders for different types of energy contracts traded at the automated exchange, in the system converting the orders to a specified format for the system to work on and, re-converting information from the system relating to each incoming order and/or market related information into a format preferred by the trader before displaying the information to the trader.
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Specification