AUTOMATIC FINANCIAL INSTRUMENT TRANSACTION SYSTEM

A computer-based transaction system manages representations of a plurality of positions in a first type of financial instrument, such as bond future contracts. The transaction system, at a first predetermined time, converts each position in the first type of financial instrument into a corresponding...

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Bibliographische Detailangaben
Hauptverfasser: Sweeting, Michael, Noviello, Joseph C, Lutnick, Howard W
Format: Patent
Sprache:eng
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Beschreibung
Zusammenfassung:A computer-based transaction system manages representations of a plurality of positions in a first type of financial instrument, such as bond future contracts. The transaction system, at a first predetermined time, converts each position in the first type of financial instrument into a corresponding position in a second type of financial instrument, such as bonds. At a second predetermined time that is after the first predetermined time, the transaction system converts each position in the second type of financial instrument into a position in the first type of financial instrument.