Automatic trading method and apparatus

• US 5,315,634 A
• Filed: 08/31/1990
• Issued: 05/24/1994
• Est. Priority Date: 09/04/1989
• Status: Expired due to Fees

• Current Assignee: Hitachi, Ltd.
• Original Assignee: Hitachi, Ltd.
• Inventors: Tanaka, Kazuaki, Matsuki, Takeshi, Takaragi, Kazuo
• Primary Examiner(s): Kuntz, Curtis
• Assistant Examiner(s): Bost, Dwayne D.
• Application Number:
  US07/576,690
• Time in Patent Office: 1,362 Days
• Field of Search: 379/57, 379/58, 379/95, 379/96, 379/100, 364/222.2, 364/222.3, 364/225, 364/227.2, 364/918.8, 364/919, 364/919.2, 364/919.4, 364/401, 364/408, 395/200, 395/700, 340/825.26, 340/825.27, 340/825.31, 340/825.32, 340/825.34
• US Class Current: 379/93.02
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/425 using two different networks, one for transaction and one for security confirmation
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G07G 1/00 Cash registers alarm indicators G07G3/00
• CPC Class Codes: H04M 11/022 Paging systems personal calling arrangements or devices G08B3/1008; selective calling networks H04W84/022

Abstract

A method and system is provided for automatically trading of items such as stocks with improved security. After receiving an initial identifying contact from a contractor, a trader will contact the contractor with a different communication device from the initial contact with confirmation information that was stored in association with a contractor first identifying code. The contractor must then reconfirm the fairness of the trading data using at least a portion of the confirmation information.

Claims

1. A method of controlling an automatic trading system having an automatic trading request receiving step in which trading data is transferred from a first communication device by a first communication route into a first file of the system by way of a network, a trading data storing step, and an executing step in which automatic trading processing is executed using said trading data, comprising steps of:

storing a calling number of a second communication device in another file of the system;

communicating with the second communication device by a second communication route by informing confidential confirmation information using the calling number;

determining that the trading request is made by a fair contractor upon receipt of correct reconfirmation contact derived from the confidential confirmation information;

storing the trading data into the first file when fairness of the trading data is reconfirmed;

transferring the trading data to a first processor including the first file from a second processor associated with the second communication device when the fairness of the trading is reconfirmed; and

,

registering the transferred trading data into the first file.

2. A trading method for communicating a trade of selected items between a trader and a contractor and for verifying with the contractor that the trade is authorized, comprising the steps of:

identifying a first specified code representative of the contractor after a request for trading to the trader from a user through a first communication device by a first communication route;

selecting a second communication device indicated by the first specified code for contacting the contractor comprising determining a preselected calling number of a one of a pocket bell device and a handheld telephone;

communicating to the contractor confidential reconfirmation information through the second communication device by a second communication route different from the first communication route;

verifying that the user is the contractor by the trader receiving back from the contractor the reconfirmation information; and

,

executing the request for trading.

3. The trading method as claimed in claim 2 wherein the communicating to the contractor comprises wireless transmitting to the second communication device of the contractor.

4. The trading method as claimed in claim 2 wherein the reconfirmation information includes a calling number of the trader and wherein the verifying includes the contractor calling the trader at the calling number.

5. The method of communicating the trade according to claim 2, further comprising:

storing said first specified code of the contractor, said confirmation to be informed to the second communication device and the trading data into a second file, prior to the step of verifying, which verifying further includes retrieving the confirmation information from the second file in order to evaluate the content of the reconfirmation contact, and transferring the trading data from the second file to the first file when trading is reconfirmed to be fair.

6. The method according to claim 2 wherein a telephone number of a telephone receiver for the reconfirmation contact from the contractor is predetermined for each contractor.

7. The method according to claim 2 wherein the confirmation information includes the first specified code and the verifying further includes comparing the code responded by the contractor with the confidential confirmation information informed to the contractor to confirm a fairness of the trading request.

8. The method according to claim 2 wherein the confirmation information includes a telephone number of the telephone receiver for reconfirmation contact from the contractor and a randomly generated confirmation code,

and the verifying further includes comparing the telephone number and the code which is called and responding by the contractor with the confirmation informed to the contractor to reconfirm a fairness of the trading request.

9. The method as claimed in claim 8 wherein the informing further includes selecting a telephone number to be informed to the contractor as the confirmation information randomly among a plurality of telephone receivers for the reconfirmation contact from the contractor.

10. The method according to claim 9 wherein the selecting comprises selecting a non busy telephone number.

11. The method as claimed in claim 2 further including:

registering as the confirmation information a second specified code which has been previously given by the contractor and which is different from the first specified code, and

wherein the verifying includes comparing the first and second specified code responded by the contractor with the first and second specified codes of the confirmation information to reconfirm a fairness of the trading request.

12. The method of claim 11 wherein the registering includes registering a plurality of second specified codes.

13. The method as claimed in claim 11 further including

storing the first specified code of the contractor, the confirmation information to be informed to the contractor through the second communication device, the second specified code and the trading data into a second file prior to the verifying,

the verifying further including

retrieving the confirmation information including the second specified code from the second file and,

comparing the confirmation information with the second specified code informed to the contractor, and

wherein the storing further includes transferring the trading data stored in the second file to the first file when the fairness of the trading is reconfirmed.

14. The method according to claim 13 wherein the inputting includes registering meaning codes, in which at least one represents a fair trading, in relation to the second specified code,

and the storing further includes transferring the trading data from the second file to the first file when the confirmation information responded by the contractor coincides with the confirmation information informed to the contractor, and the second specified code responded by the contractor coincides with the second specified code which represents fair trading.

15. The method according to claim 13 wherein the verifying includes registering meaning codes wherein at least one represents an abnormal state, relative to the second specified code, and

further including helping the contractor who responds with an abnormal state meaning code.

16. The method as claimed in claim 15 wherein the helping comprises reporting to the police.

17. The method of claim 15 wherein the helping comprises invalidating the trading.

18. The method of claim 15 wherein the confirmation information to be informed to the contractor includes information identifying a content of the trading.

19. The method of claim 18 wherein the content identifying information includes the first specified code.

20. The method of claim 18 wherein the content identifying information includes a predetermined character code corresponding to the content.

21. The method of claim 20 wherein the content identifying information includes a value of the amount of the trading.

22. A trading method for communicating a trade of selected items between a trader and a contractor and for verifying with the contractor that the trade is authorized in a system comprising a processor, a first file and first and a second communication devices, comprising the steps of:

inputting by a first communication route to said processor from said first communication device trading data and a first specified code to identify the contractor;

selecting a previously stored calling number according to the first specified code;

informing a confidential confirmation containing a randomly generated confirmation code information through said second communication device by a second communication route to the contractor using said calling number;

verifying with the contractor that the trade is authorized in response to a reconfirmation contact from the contractor on the basis of said confirmation information by comparing said code responded from the contractor with said confirmation information informed to said contractor to confirm the fairness of the trading request; and

,

storing the trading data into said first file when the trade is authorized.

23. The method according to claim 22 wherein the confirmation code corresponds to a telephone number included in a plurality of telephone numbers of telephone receivers for the reconfirmation contact from the contractor.

24. The method of claim 22 wherein the inputting comprises registering a plurality of calling numbers of the second communication device in association with the first specified code, and

the informing comprises informing the confirmation information to a plurality of second communication devices simultaneously.

25. The method of claim 22 wherein the selecting includes deciding if reconfirmation is necessary based on a value of the trading.

26. The method according to claim 22 wherein the informing includes informing the confirmation information again when the content of the reconfirmation contact does not coincide with the confirmation information, and

the verifying includes invalidating the trading when a number of times of no coincidence exceeds a predetermined number.

27. The method of claim 26 wherein the verifying includes deleting the trading data from the second file.

28. The method of claim 26 wherein the verifying includes registering an added meaning code representing an unfair contractor for the first specified code for the number of times of no coincidence, and

the selecting includes not accepting a trading request from a contractor having a first specified code including the added meaning code.

29. The method of claim 26 wherein the verifying further includes erasing the first specified code registered in the inputting when the number of times of no coincidence exceeds the predetermined number.

30. The method of claim 22 wherein the inputting includes registering a first class code representing a class of the automatic trading and a second class code representing a class of the reconfirming in association with the first specified code, and

the informing includes selecting the first class code based on the content of the trading data and executing reconfirmation processing in correspondence with the second code.

31. The method of claim 30 wherein the informing includes informing a message to the second communication device urging the contractor to respond with reconfirmation contact.

32. The method of claim 30 further including storing data comprising contractor identifying information in an electronic memory device of the contractor, prior to the request for automatic trading, wherein

the inputting includes registering the data in association with the first specified code,

the informing includes informing a message to the second communication device urging the contractor to respond with the data for reconfirmation contact, and

the verifying includes comparing responded data with registered data.

33. An apparatus for controlling an automatic trading system having

a first contractor recognizing means based on a first specified code identifying the contractor and trading data, communicated from a first communication device;

means for registering the trading data into a first file; and

,

automatic trading means for trading on the basis of the trading data registered in the first file, said automatic trading means comprising;

means for storing the first specified code and an associated calling number of a second communication device as one set;

means for identifying the calling number in response to a request for automatic trading including the first specified code;

means for storing in a second file the first specified code and associated confirmation information for transfer to the second communication device and the trading data;

a second contractor recognizing means for recognizing the request for automatic trading from a correct contractor when the content of a reconfirmation contact matches the confirmation information stored in the second file in response to a reconfirmation contact from the second communication device; and

,

means for transferring the trading data stored in the second file to the first file when a fairness of the trading data is reconfirmed.

34. The apparatus of claim 33 wherein the second communication device has a portable wireless receiving function.

35. The apparatus of claim 33 wherein the second communication device comprises a pocket bell device.

36. The apparatus of claim 33 wherein the second communication device comprises a handheld telephone.

37. The apparatus of claim 33 further including an electronic memory device including reconfirmation contact information, and means for inputting the information to the automatic trading means for automatic trading.

38. The apparatus of claim 33 further including a first processor for performing the contractor recognition, a second processor for performing trading processes and means for transferring the trading data from the first processor to the second processor.

39. The system as defined in claim 38 wherein the second communication means includes a pocket bell device for personally verifying with the contractor that the trade is authorized.

40. The system as defined in claim 38 wherein the second communication device includes a portable telephone for personally verifying with the contractor that the trade is authorized.

41. The system as defined in claim 38 wherein the trader processing means includes register means for temporarily holding trading data defining the trade pending a verification with the contractor that the trade is authorized.