Trading System License Verification, Management and Control
First Claim
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1. A method for trade order verification, the method comprising:
- communicating a license key associated with a trading device to an exchange;
validating, at the exchange, the license key against an authorized list;
generating, via the trading device, a trade order relating to one or more tradeable objects traded at the exchange;
communicating the trade order to the exchange;
executing, in response to validation of the license key, the trade order with respect to the one or tradeable objects; and
,communicating, to the trading device, a market update related to the trade order.
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Abstract
A system and method for trade order verification. The system includes an exchange and a trading device. A license key associated with a trading device is communicated to the exchange. The license key is validated, at the exchange, against an authorized list. The trading device generates, and communicates to the exchange, a trade order relating to one or more tradeable objects traded at the exchange. The exchange executes the trade order if the license key is validated. A market update related to the trade order is communicated to the trading device.
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Citations
21 Claims
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1. A method for trade order verification, the method comprising:
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communicating a license key associated with a trading device to an exchange; validating, at the exchange, the license key against an authorized list; generating, via the trading device, a trade order relating to one or more tradeable objects traded at the exchange; communicating the trade order to the exchange; executing, in response to validation of the license key, the trade order with respect to the one or tradeable objects; and
,communicating, to the trading device, a market update related to the trade order. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system for performing trade orders and trade order verification, comprising:
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an exchange; and
,a trading device coupled to the exchange, the trading device being configured to communicate a license key associated with a trading device to the exchange and to generate a trade order relating to one or more tradeable objects traded at the exchange, the exchange being configured to validate the license key against an authorized list, to execute, in response to validation of the license key, the trade order with respect to the one or tradeable objects, and to communicate, to the trading device, a market update related to the trade order. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A non-transitory computer-readable information recording medium which stores a program for controlling a computer to performing trade orders and trade order verification at the exchange, the program configured to operate the computer as:
a trading device coupled to the exchange, the trading device being configured to communicate a license key associated with a trading device to the exchange and to generate a trade order relating to one or more tradeable objects traded at the exchange, to execute, in response to validation of the license key against an authorized list at the exchange, the trade order with respect to the one or tradeable objects, and to receive, at the trading device, a market update related to the trade order.
Specification