Order processing apparatus and method
First Claim
1. An apparatus for processing trading orders, said apparatus comprising a central server connected to a plurality of terminals on which user orders are to be entered, wherein said central server comprises:
- communication means for receiving user orders from said terminals via a network;
first storage means for storing received user orders as an array whose elements define a particular first resource ordered by a particular user;
second storage means for storing an array of coefficients, where each coefficient of the array represents the proportion of a particular order that is to be satisfied; and
processing means for retrieving said orders from said first storage means, calculating an optimized set of values of said coefficients with respect to at least one predetermined constraint and at least one predetermined criterion, and storing said optimized coefficient values in said second storage means,said communication means also being for transmitting the processed orders and their respective coefficients.
2 Assignments
0 Petitions
Accused Products
Abstract
An apparatus for processing trading orders, comprising: a central server connectable to a plurality of terminals on which user orders are to be entered. The central server further comprises: communication means for transmitting user orders between said terminals and said central server via a network; first storage means for storing received user orders as an array whose elements define a particular first resource ordered by a particular user; the first storage means is also to be used for storing the resources that may be offered by users for exchange against the first resource ordered; second storage means for storing an array of coefficients each representing the proportion of a particular order that is to be satisfied; processing means for retrieving the orders from the first storage means, calculating an optimized set of values of the coefficients with respect to at least one predetermined, adjustable constraint and at least one predetermined, adjustable criterion, storing the optimized coefficient values in said second storage means; and output means for communicating the processed orders and their respective coefficients.
-
Citations
28 Claims
-
1. An apparatus for processing trading orders, said apparatus comprising a central server connected to a plurality of terminals on which user orders are to be entered, wherein said central server comprises:
-
communication means for receiving user orders from said terminals via a network; first storage means for storing received user orders as an array whose elements define a particular first resource ordered by a particular user; second storage means for storing an array of coefficients, where each coefficient of the array represents the proportion of a particular order that is to be satisfied; and processing means for retrieving said orders from said first storage means, calculating an optimized set of values of said coefficients with respect to at least one predetermined constraint and at least one predetermined criterion, and storing said optimized coefficient values in said second storage means, said communication means also being for transmitting the processed orders and their respective coefficients. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28)
-
Specification