JP4076512B2 - Trading order processing system for automatically setting ordering conditions and order contents and processing method for trading order - Google Patents

Description

  The present invention relates to a trading order processing system and a trading order processing method for placing a conditional trading order entrusted by an orderer into a trading market for commodities whose prices vary, such as stocks, bonds, and commodity futures. Is.

  On the back of the widespread use of the Internet and the full liberalization of stock brokerage commissions, online trading of financial products such as stocks using the Internet has rapidly expanded from around 1999 to individual investors. Under such circumstances, many securities companies have entered online trading, and are working to improve the convenience of services and enhance information provision.

  Stock trading is conducted at securities exchanges and over-the-counter markets through securities companies. Generally, when an investor entrusts buying and selling to a securities company, a market order that designates buying and selling without specifying a price and a price are specified. Then, the limit order entrusted to buy and sell can be selected. Also in the above online transaction, it is general that either a market order or a limit order can be selected and ordered from a terminal screen.

  Under such circumstances, the applicant of the present application has established a unique online transaction system that can select several ordering methods with conditions other than market orders and limit orders, and provides services (http: / /Www.kabu.com/). In this system, “Condition order” that specifies the timing of placing an order or stock price as a condition, “Condition order” that sets the condition in the opposite direction to the limit price in “Conditional order”, and the execution condition of other orders "Relay order" for placing the next order in the order, "U-turn order" for reserving a sell order at the same time as a buy order, "W limit order" for correcting conditions under certain conditions while being a limit order, etc. As a result, investors can manage the price fluctuation risk of financial products by utilizing various trading methods.

  All of these conditional orders are in the form of orders that cannot be accepted on domestic stock exchanges, but they depend on the order form determined by the exchange by conducting conditional control at the brokerage that manages the trading. This is possible for the first time without doing so. This condition control becomes more difficult to monitor in a conventional securities company that is manually performed as the conditions are diversified, and it is particularly difficult to monitor whether the conditions are fulfilled. Among the above orders, the Applicant has realized the “Conditional Order”, “Receive Order”, “Relay Order”, and “U-Turn Order” that specify the ordering conditions by trigger monitoring specifying the ordering conditions. The contents of the invention are described in Patent Document 1.

  In the invention described in Patent Document 1, when a stock price, time, or other order execution is specified as an ordering condition, the market price, time, and order execution status in the market are monitored in real time using these as triggers. Then, an order is placed. By automating the condition monitoring using the trigger as described above, it is possible to accept a conditional order for placing an order when the condition specified by the investor is reached.

JP 2001-1555086 A

  By providing these ordering methods, investors can manage risk by using various ordering methods, such as placing a buy order at a price that exceeds a certain resistance value, or setting a loss-cutting sell order when a downward trend appears. It became possible to do. However, in these methods, the conditions must be set by the investors themselves. Therefore, in order to set appropriate conditions, the investors must enter the conditions after looking at the market conditions. The problem of having to occur has arisen.

  For example, since a stock price of a certain brand is 500 yen, the upside resistance line is set, and it is assumed that a stop limit order is set in which “a buy order is made with a limit price of 510 yen when 500 yen is reached”. In the example of FIG. 3, if the opening price closes at 510 yen because of some good material on the next day after closing at 490 yen, a buy order with a limit price of 510 yen is placed and executed as it is. However, since the direction of the stock price for the day has not been confirmed, if the sales are concentrated after the response to the material is judged to be limited after approaching, the stock price will drop below the resistance line as it is. Can happen.

  Also, since 480 yen is the lower support line for the stock price of a certain brand, it is assumed that a stop limit order is set to place a sell order at a limit price of 470 yen for the purpose of loss cut on condition that it falls below this. . In the example of FIG. 5, the upward trend continues to increase to 510 yen, but due to the emergence of some bad material here, the day's contribution has plummeted to 490 yen. However, since the sell order is not placed until it reaches 480 yen, the timing for placing the sell order is delayed and the opportunity to reduce the loss is missed.

  These problems can be solved by monitoring the market that changes every day and placing the order that seems to be optimal at that time. It is to reduce the monitoring burden on the market. Therefore, it can be said that the current ordering method alone does not satisfy the needs of investors for conditional orders.

  From another point of view, investors must set the specified price of a trade order placed in a conditional order, but in reality the price that becomes the standard to be set varies depending on the market conditions. is there. If this specified price can be automatically set in response to changes in the market, the monitoring burden on the investor can be further reduced.

  The present invention has been made in response to these problems, and automatically sets the ordering conditions in the conditional order according to the market situation, and the monitoring burden on the investor and the order change work associated therewith It is an object of the present invention to provide a system that can reduce the burden and easily manage the risk of investment.

In order to solve these problems, the present invention is a trading order processing system for placing a trading order of a product whose price is entrusted by an orderer with a fluctuating price in a trading market. the order contents of the trading orders comprising been ordered condition specified by the orderer, the order contents storing means for storing in association with identification information of the trading orders, said specified by the orderer to order the trading orders was ordered condition, in association with identification information of the trading order, the ordering trigger storing means for storing as ordered trigger, a definite condition for determining the undetermined variables included in the order conditions and the order trigger, the in association with identification information of trading orders, changes and confirm trigger storing means for storing as a defined trigger, the market value storage device for storing information on market value of the product That data is a deterministic trigger monitoring means for monitoring whether matching the determined trigger stored in the deterministic trigger storage means, upon detecting the matching of the determined trigger in the deterministic trigger monitoring unit, a key the identification information the order contents corresponding to the determined trigger stored in the storage means to identify the order contents, updates the order condition for updating the numerical value was determined undetermined variables included in the order conditions included in the order details, and the identifying an order trigger corresponding to the determined trigger stored in the order trigger storage means identification information on the key, to perform an update of the order triggers updating the value obtained by determining the undetermined variables included in the order trigger Monitoring whether the condition update means and the data changing in the market price storage device match the order trigger stored in the order trigger storage means; When the order trigger monitoring means detects the order trigger match in the order trigger monitoring means, the order content corresponding to the order trigger stored in the order content storage means is specified using the identification information as a key, and the order Order execution means for transmitting an order execution instruction in accordance with the order condition included in the content to a trading market system for the product, wherein the limit price of the limit order is a variable that has not yet been determined. As the opening price in the trading market of the stock subject to the buy / sell order, “open price + x” or “open price−x” (x is a positive number that can be specified in the buy / sell order) In the trigger, the designated price of the target stock of the buy / sell order is “open price + y” or “open price−y” based on the open price as an unconfirmed variable (y is a positive number that can be specified in the buy / sell order) And fingers The starting price is set in the confirmation trigger, the confirmation trigger monitoring means monitors the opening price in the market price storage device, and the condition updating means confirms the opening price. The opening price is acquired from the market price storage device, and the limit price and the specified price are updated to a price based on the opening price .

  In this invention, in addition to an order trigger for monitoring the timing of placing a purchase order, a confirmation trigger for monitoring a condition for confirming the order condition set in this trigger is provided, so that the confirmation trigger changes in the market or the like. The appropriate ordering conditions can be automatically determined by monitoring.

  The “product whose price fluctuates” here is typically a financial product such as stocks, bonds, and options, but is a commodity future if it is bought and sold in a trading market. Also good. The “trading market” is not limited to an exchange operated by a member organization such as a stock exchange, as long as it is a market in which the above products can be traded between brokers such as securities companies. In some cases, the issuer may act as a trading market.

  The “ordering condition” is a condition specified for placing an order that has been entrusted, such as “if the price is X yen” or “order A is executed” in the conditional order. The “order condition” is a condition specified for execution of a buy / sell order, such as “sell 100 shares at market” or “buy 100 shares at the limit of Y yen”.

  Such confirmation trigger monitoring means automatically captures the appropriate timing of changes in order conditions and order conditions that should be changed according to market conditions, etc. Update to the correct content. When the ordering condition is determined corresponding to the confirmation trigger, the ordering condition is monitored by the ordering trigger monitoring means, and a buy / sell order is placed at a designated timing.

  The target to be monitored by the confirmation trigger and the order trigger is either the price of goods such as stock price, the timing of time in the market such as closing, the transaction history such as the execution status of other orders, and the status of assets such as unrealized gains and losses Good.

  Here, “unconfirmed variable” means a price determined by the subsequent market price or execution status, such as “open price” or “contract price of order A” on the day, but the value is not fixed at the time of ordering. The specified variable. By making such a designation and automatically updating the ordering conditions and ordering conditions, it is possible to set the ordering conditions and ordering conditions by taking into account the changes in circumstances after ordering the conditional order.

  Here, the “open price” refers to the price attached at the market on the day. If comprised in this way, the order conditions and order conditions of a conditional order can be set automatically in the form which reflected the market condition of the day.

  For example, in contrast to the example of FIG. 3 described above, according to the present invention, as in the example of FIG. 4, the condition that “the purchase price of the opening price + 20 yen when the opening price + 10 yen” is ordered is specified. can do. In this example, the price closes at 510 yen and the opening price is given, but the order is not placed until the subsequent stock price rises and a direction is determined. Therefore, if the stock price subsequently declines as in the example of FIG. 3, a buy order is not placed, but conversely, a buy order is placed only when it reaches 530 yen and a rising trend is confirmed.

The present invention is a trade order processing system for placing a trade order of a product whose price is consigned from an orderer on a trading market, the order conditions specified by the orderer for execution of the trade order Order contents storage means for storing the order contents of the buying and selling order in association with identification information of the buying and selling order, and ordering conditions designated by the orderer for placing the buying and selling order. In association with the identification information, an order trigger storage means for storing as an order trigger, and a confirmation condition for confirming the order condition and an unconfirmed variable included in the order trigger are associated with the identification information of the buy and sell order, Data that changes in a confirmation trigger storage means for storing as a confirmation trigger and a market price storage device that stores information on the market price of the product is the fixed trigger rating. A confirmation trigger monitoring means for monitoring whether the confirmation trigger matches with the confirmation trigger stored in the means; and when the confirmation of the confirmation trigger is detected in the confirmation trigger monitoring means, the identification information is stored in the order content storage means as a key. The order content corresponding to the confirmation trigger is specified, the order condition update for updating the unconfirmed variable included in the order condition included in the order content to a fixed numerical value, and the order trigger using the identification information as a key. Condition updating means for specifying an order trigger corresponding to the confirmation trigger stored in the storage means, and updating an order trigger for updating an unconfirmed variable included in the order trigger to a fixed numerical value; and the current price storage Order trigger monitoring means for monitoring whether data changing in the apparatus matches an order trigger stored in the order trigger storage means; When a match of the order trigger is detected in the trigger monitoring means, the order content corresponding to the order trigger stored in the order content storage means is specified using the identification information as a key, and the order condition included in the order content is determined. Order execution means for transmitting an order execution instruction to the trading market system for the product, wherein the limit price of the limit order is an uncertain variable in the order condition, “Close price + x” or “Close price−x” (x is a positive number that can be specified in the trading order) is designated based on the closing price in the trading market, and the order trigger specifies the target brand of the trading order The price is designated as “close price + y” or “close price−y” (y is a positive number that can be specified in the buy / sell order) based on the closing price as an unconfirmed variable. The closing price is set, the confirmation trigger monitoring means monitors the closing price in the market price storage device, and the condition updating means acquires the closing price from the market price storage device when the closing price is confirmed, The limit price and the designated price are updated to a price based on the closing price.

  Here, the “closing price” is the price that was closed on the previous day in the market. If comprised in this way, the order conditions and order conditions of a conditional order can be automatically set in the form which reflected the market condition change from the previous day to the current day.

  For example, in contrast to the example of FIG. 5 shown above, according to the present invention, as in the example of FIG. 6, the condition is that “if the previous day's closing price is −10 yen, the previous day ’s closing price is −20 yen” Can be specified. In this example, a selling order is placed at the stage where the opening price of donation on the day is 490 yen and drops sharply from the previous day, and the selling order is executed at a stage of 485 yen where a downward trend is confirmed. Therefore, since the conditions for selling orders are not set in advance as in the example of FIG. 4, it is possible to quickly determine the order contents by quickly grasping the decrease of the sudden drop from the previous day. Compared with the example of FIG. It becomes possible to stop the loss amount to a small amount.

  The fixed condition may be characterized in that an index related to price evaluation in the trading market of the subject brand of the buying and selling order is set.

  As the “index for price evaluation”, for example, the deviation rate of the stock price from the moving average line can be used. Since the divergence rate with respect to the moving average is an index that is often used to grasp the relative position of the stock price, according to this configuration, “When the divergence rate reaches −X%, buy at the limit of Y-yen. A condition such as “order” can be set.

The present invention is a trade order processing system for placing a trade order of a product whose price is consigned from an orderer on a trading market, the order conditions specified by the orderer for execution of the trade order Order contents storage means for storing the order contents of the buying and selling order in association with identification information of the buying and selling order, and ordering conditions designated by the orderer for placing the buying and selling order. In association with the identification information, an order trigger storage means for storing as an order trigger, and a confirmation condition for confirming the order condition and an unconfirmed variable included in the order trigger are associated with the identification information of the buy and sell order, In the confirmation trigger storage means for storing as a confirmation trigger, and in the transaction information storage device for storing transaction information on the execution status of the sales order placed by the orderer. And a confirmation trigger monitoring means for monitoring whether the data to be matched with the confirmation trigger stored in the confirmation trigger storage means, and when the confirmation of the confirmation trigger is detected in the confirmation trigger monitoring means, the identification information is used as a key. Identifying the order content corresponding to the confirmation trigger stored in the order content storage means, and updating the order condition to update an unconfirmed variable included in the order condition included in the order content to a confirmed numerical value; and The order trigger corresponding to the confirmation trigger stored in the order trigger storage means is identified using the identification information as a key, and the order trigger is updated to update the uncertain variable included in the order trigger to a fixed numerical value. Whether the data that changes in the condition update means and the transaction information storage device matches the order trigger stored in the order trigger storage means When the order trigger monitoring means detects the match of the order trigger in the order trigger monitoring means, the order information corresponding to the order trigger stored in the order content storage means is specified using the identification information as a key, Order execution means for transmitting an order execution instruction in accordance with the order conditions included in the order contents to a trading market system for the product, and the limit price of the limit order is unconfirmed in the order conditions Is defined as “contract price + x” or “contract price−x” (x is a positive number that can be specified in the trade order) based on the contract price of the second trade order from the orderer, In the order trigger, the designated price of the target issue of the buy / sell order is “contract price + y” or “contract price−y” (y is a value in the buy / sell order) based on the contract price as an unconfirmed variable. A fixed positive number), and the confirmation trigger is set to a contract for the second trading order, and the confirmation trigger monitoring means is configured to monitor the second trading order in the transaction information storage device. When the second trade order is executed, the condition update unit obtains information on the contract price of the second trade order from the transaction information storage device, and the limit price and the specified price are acquired. Is updated to a price based on the contract price.

  With this configuration, when an order is placed under the condition of another order, it is possible to determine the order condition and order condition for the next order reflecting the contract price of the order that has been executed earlier. For example, if you want to place a sell order with a certain margin from buying for the same brand, “If the order price of the previous order + X yen, it will be the order price of the previous order + sell order at Y yen” By specifying to place an order, it is possible to automatically place a sell order with a certain margin when the rising trend is confirmed, regardless of the contract price of the previous purchase order.

  An unrealized profit / loss value related to the assets held by the orderer may be set in the final condition.

  If an investor holds multiple units of a stock and wants to sell a part of it with some margin from that stage if a certain amount of unrealized gain is generated as a whole, this structure can be used to construct “A stock If the unrealized gain for the price exceeds X yen, it is possible to specify that the A brand is to be placed as a “sale order of 100 shares at the current price of the A brand at that time + the limit price of Y yen”.

  The present invention can also be configured as a trading order processing method using each system corresponding to the trading order processing system having each configuration according to the present invention.

  According to the present invention, an investor who places a conditional order can automatically set the ordering condition in the conditional order according to the market situation, and the monitoring burden of the market and the order change accompanying this can be changed. Work burden can be reduced. These burden reductions have the effect of facilitating risk management of investments even for individual investors who are not investment specialists, and fostering individual investors and fostering investor protection that are currently required in Japan. It also helps.

  For brokerage firms such as securities firms, there is an effect of improving customer service by providing market infrastructure that can meet the needs of various investors. Since it is difficult to accept orders with complicated conditions because an exchange must process a large number of orders accurately, it is difficult for brokers such as brokerage firms to accept such conditions. It is extremely effective to provide this.

  The best mode for carrying out the present invention will be described below in detail with reference to the drawings. Here, an example in which a securities company handles trading orders for stocks will be described. However, the present invention is not limited to a securities company as long as it distributes products whose prices fluctuate. included. Further, the products handled are not limited to stocks, and the triggers to be set are not limited to the examples described below.

  FIG. 1 is a diagram showing an outline of the present invention. FIG. 2 is a block diagram showing an example of the configuration of a trade order processing system according to the present invention. FIG. 3 and FIG. 4 are diagrams showing a first example of conditional orders by the current system and the system of the present invention, respectively. FIG. 5 and FIG. 6 are diagrams showing a second example of conditional orders by the current system and the system of the present invention, respectively. FIG. 7 is a diagram illustrating an example of setting of a conditional order trigger by the current system. FIG. 8 is a diagram showing an example of setting of an order trigger and a confirmation trigger for a conditional order by the system of the present invention. FIG. 9 is a diagram showing an example when the ordering condition and the order condition are confirmed in the conditional order by the system of the present invention. FIG. 10 is a diagram showing an example of the configuration of the order database and trigger database according to the present invention. FIG. 11 is a flowchart of the trade order process according to the present invention. FIGS. 12, 13, and 14 are first, second, and third examples of the sales order processing flow according to the present invention, respectively.

  FIG. 1 shows an outline when a securities company uses a trading order processing system according to the present invention. In online securities trading using the Internet, a securities company system connected to a customer terminal via the Internet places an order in the securities trading market via the ordering system in accordance with an instruction from the customer terminal.

  In the current conditional order, a trigger 2 is provided for instructing the ordering timing to the ordering system. Trigger 2 monitors the set market price (for example, stock price for a certain stock), time (for example, 10 minutes before closing) or transaction result (for example, execution of another order), and places an order in the ordering system when the ordering conditions are met. The instructions are given.

  In the present invention, the trigger 1 is provided as a new trigger in order to determine the ordering conditions set for the trigger 2. Trigger 1 also monitors the set market price (for example, the opening price for a stock), time (for example, the time when the market starts if the opening price is set) or trading results (for example, execution of other orders) Then, when the confirmation condition is met, the confirmed condition is written in the ordering condition of the trigger 2. As a result, the investor can automatically set the ordering conditions that match the market conditions at that time without setting the ordering conditions at a constant value in advance.

  FIG. 2 shows a configuration of a trade order processing system according to the present invention. The buy / sell order processing system 100 includes an input processing unit 110, an order database 120, a trigger monitoring unit 130, a trigger database 140, an order processing unit 150, and a timer 160. The trigger monitoring unit 130 can refer to the market price database 200. It is configured. Note that the market price database 200 may be installed in the sales order processing system 100. The sales order processing system 100 is connected to the customer terminal 300 through a communication network such as the Internet.

  An investor who performs online transactions inputs order contents and ordering conditions from the customer terminal 300. In this ordering condition, for example, “If the X stock reaches the opening price +10 yen, buy 100 shares at the limit price of the opening price +20 yen”. Contains variables.

  When the input processing unit 110 receives the input order, the content is written in the order database 120. Here, in the record relating to the order in the order database 120, the order condition is written in a state including an unconfirmed variable (in the above example, “start price + 20 yen”), and the order condition is attached. (For example, “ON” is recorded in the “trigger setting” field).

  Further, the input processing unit 110 extracts data related to ordering conditions from the received order and writes it in the trigger database 140. Among these, data relating to ordering conditions is written in the ordering trigger table 141, and data for confirming ordering conditions etc. is written in the confirmation trigger table 142. Here, in the record related to the trigger of the order trigger table 141, the ordering condition is written in a state in which an unconfirmed variable (in the above example, “start price + 10 yen”) is included, and the confirmation condition is attached. (For example, “ON” is recorded in the “trigger setting” field).

  The triggers written in the order trigger table 141 and the confirmed trigger table 142 are monitored by the trigger monitoring unit 130 as to whether or not the set condition is satisfied. An agent program having a monitoring function is set in the trigger monitoring unit 130, for example, the order database 120 constantly monitors the execution of other orders, the timer 160 monitors the market timing, and the market price database 200 constantly monitors the market price of a specific brand. is doing.

  In the trigger monitoring unit 130, if the order trigger is in the “ON” state, the monitoring condition is not confirmed, so the condition set as the confirmed trigger is first monitored. When this condition is fulfilled (“open price” is confirmed in the above example), it is a condition that has become an unconfirmed variable in the order database 120 and the order trigger table 141 (“open price + 20 yen in the above example). ”And“ open price + 10 yen ”), the determined numerical value is written. At the same time, in the ordering trigger table 141, a record that the confirmation condition is confirmed and the ordering condition can be monitored is recorded (for example, “OFF” is recorded in the “trigger setting” field).

  Next, the trigger monitoring unit 130 monitors the ordering conditions set in the ordering trigger. When this condition is fulfilled, the order database 120 records that the order condition is canceled (eg, “OFF” is recorded in the “trigger setting” field), and the order processing unit 150 is instructed to place an order. The order is placed on the market.

  Next, a specific example of a conditional order by the system according to the present invention and its effect will be described with reference to FIGS. 3 and 5 show examples of orders that can be made by conditional orders currently provided by the applicant of the present application, as described above.

  FIG. 4 shows an example in the case where an order of “open price + 20 yen buy order when starting price + 10 yen” is made by the system according to the present invention. Here, as in the example of FIG. 3, if the opening price of the day soars and is set at 510 yen, the opening price is determined to be 510 yen, so if the above order becomes "520 yen, buy 530 yen. Confirmed as a conditional order for "Order". Thereafter, it is monitored whether or not the current value of the target brand is 520 yen. When the price reaches 520 yen, an order of 530 yen is placed, and when the price reaches 530 yen, a buy order is executed.

  As compared with the example of FIG. 3, the effect in this case has an effect that the order is placed after judging the direction of price movement on the day because the ordering condition is not set to a fixed amount in advance. In the example of FIG. 4, even if the price moves as shown in FIG. 3, the order is not executed if the trend is not continued and the upward trend is not continued regardless of the sudden increase in the deposit accompanying some materials. There is.

FIG. 6 shows an example of the case where an order “Selling order of closing price of −20 yen if closing price is −10 yen” is made by the system according to the present invention. Here, since the previous day's closing price is 495 yen, a conditional order of “485 yen selling order when it reaches 495 yen” has been placed, so the opening price of the day drops sharply as in the example of FIG. If a yen is attached, the above order is automatically placed. After that, when the price reaches 485 yen, the selling order is executed.

  Compared with the example of FIG. 5, the effect in this case is that the ordering conditions are set by looking at the fluctuation range from the previous day's closing price, so the direction of price movement from the previous day to the current day can be changed without changing the daily conditions. There is an effect that an order is automatically placed after the determination. Compared with the example of FIG. 4, the example of FIG. 6 can respond more quickly to the irregular price movement of a sudden drop, so in this example, the selling order is successfully increased by 15 yen.

  The above examples are all examples of so-called “stop order”, but “stop order” orders the order after confirming the direction of price movement in order to avoid the risk of changing the market direction. Therefore, it is desirable that the specified conditions reflect the latest market movements, so that the effect of the ordering method according to the present invention is remarkably exhibited.

  Next, a setting example of a trigger for a conditional order by the system currently provided by the applicant of the present application and the system according to the present invention will be described with reference to FIGS.

  FIG. 7 shows an example of an order that can be made by the conditional order currently provided by the applicant of the present application. The order A has the condition that “if the X issue is 500 yen, buy 100 shares at a limit of 510 yen”. Is set. Here, a condition that “the current price of the X brand is 500 yen” is set in the trigger. This condition is monitored by the market price database, and when the X brand reaches 500 yen, a limit order of 510 yen is placed.

  On the other hand, as shown in FIG. 8, the order B using the system according to the present invention has the condition that “if the X issue reaches the opening price + 10 yen, buy 100 shares at the opening price + 20 yen limit”. ing. The trigger 1 is set with a condition of “X price starting price” as a confirmation trigger, and this condition is monitored by a market price database. In addition, an ordering condition including an undetermined variable “the current value of the X brand is the opening price + 10 yen” is set as an ordering trigger in the trigger 2, but since the trigger condition is not fixed at this time, the trigger condition There is no monitoring.

  In FIG. 9, since the opening price of the X issue is 500 yen, the ordering condition and the ordering condition are “buy 100 shares at the limit of 520 yen if the X issue is 510 yen”, and the current price of the X issue is 510 yen ". Since the condition of the trigger 2 is fixed here, the condition that “the current value of the X issue is 510 yen” is monitored in the market price database, and when the X issue becomes 510 yen, a limit order of 520 yen is placed.

  FIG. 10 shows an example of the configuration of the order database and trigger database according to the present invention. In the order database, there is a record for each commissioned order, and each record has an "order ID" that is a code that identifies the order, an "order condition" that describes the limit order conditions, and whether there is a trigger. A field such as “trigger setting” indicating “” is provided.

  In addition, the order trigger table of the trigger database includes a record for each order for which the order trigger is set, and each record describes an “order ID” that is a code for specifying the target order and an order condition. Fields such as “order trigger” and “trigger setting” indicating the presence or absence of a trigger are provided. The confirmation trigger table of the trigger database includes a record for each order for which a confirmation trigger is set, and each record describes an “order ID” that is a code for specifying the target order and a confirmation condition. Fields such as “confirmation trigger” and “confirmation item” indicating items to be written when the confirmation trigger is confirmed are provided. Here, the “order ID” plays a role of associating the corresponding order when the conditions recorded as the respective triggers are fulfilled.

  As for the order trigger table and the confirmation trigger table, different tables are provided in the example of FIG. 10, but these tables are the same by providing trigger codes and the like so that the nature of the triggers can be distinguished. You may comprise so that it may record in this table.

  Here, when a conditional order “buy 100 shares at the limit of the opening price +20 yen when the X stock reaches the opening price +10 yen” is accepted, “null + 20 yen” is recorded in the order condition column of the order database. Since the condition is added, “ON” is recorded in the trigger setting column. Also, “null + 10 yen” is recorded in the order trigger field of the order trigger table, “ON” is recorded in the trigger setting field, “start price” is recorded in the confirmed trigger field of the confirmed trigger table, and “Order trigger” and “Order condition” are recorded.

  Here, when the opening price set in the confirmation trigger is confirmed, the amount of the opening price is applied to the part of “null” in the “order trigger” and “order condition” which are the confirmation item fields, respectively. Confirm as a constant. For the order trigger, the trigger setting is set to “OFF”, and order condition monitoring starts. Further, when the price set in the order trigger is reached, the trigger setting in the order database is set to “OFF” and the order is placed on the market.

  Next, with reference to FIG. 11, a flowchart of the buying and selling process according to the present invention will be described. In this example, a confirmation trigger is set as the trigger 1 and an ordering trigger is set as the trigger 2.

  First, monitoring is performed for the determination condition of the trigger 1 (S01), and when the condition of the trigger 1 is not satisfied, the monitoring is continued (S02 to S01). On the other hand, when the condition of the trigger 1 is fulfilled (S02), the unconfirmed part of the trigger 2 and the order condition is confirmed (S03), and then the order condition of the trigger 2 is monitored (S04).

  If the condition of trigger 2 is not fulfilled, the monitoring is continued (S05 to S04). On the other hand, when the condition of trigger 2 is fulfilled (S05), the order is placed in the market according to the condition determined in S03 (S06).

  12 to 14 show a specific example of the buying and selling order processing flow according to the present invention. FIG. 12 shows an example of setting conditions based on the opening price, FIG. 13 shows an example of setting conditions based on the closing price of the previous day, and FIG. 14 shows an example of setting conditions based on the execution of another order.

  FIG. 12 is an example of a conditional order A that “if the X stock reaches the opening price + 10 yen, buy 100 shares at the limit price of the opening price + 20 yen”. The trigger 1 is set with a final trigger “X price starting price”, and the trigger monitoring unit monitors the X brand donation and the opening price. When the X brand approaches at 500 yen, the opening price is fixed, and the order condition and order condition of the order A are also determined.

  Next, in the trigger 2, the order trigger that was set as “the current value of the X brand is the opening price + 10 yen” is confirmed as “the current price of the X brand is 510 yen”, and the trigger setting is turned off and the monitoring unit Starts monitoring the market price of the X issue. When the current value of the X brand becomes 510 yen, the trigger setting of the order database is turned off, and an order of “buy 100 shares at the limit of 520 yen for the X brand” is ordered from the order processing unit.

  FIG. 13 shows an example of a conditional order B of “If the Y stock reaches the closing price of −10 yen, sell 100 shares at the closing price of −20 yen”. The trigger 1 is set to the final trigger “Y price closing price”, and the trigger monitoring unit monitors the Y brand closing and closing price. When the Y brand is closed at 500 yen and the closing price is confirmed, the order condition and order condition for order B are also confirmed.

  Next, in trigger 2, the order trigger that was set as “Y brand current value is the closing price of −10 yen” is confirmed as “Y brand current value is 490 yen”, the trigger setting is turned OFF, and the monitoring unit Starts monitoring the market price of the Y issue. When the current value of the Y stock reaches 490 yen, the trigger setting of the order database is turned off, and an order of “sell 100 shares at the limit of 480 yen for the Y brand” is placed from the ordering processing unit.

  FIG. 14 is an example of a conditional order D that “If the order C for the Z brand is executed, the execution price of the order C + 20 yen and sells 100 shares at the order price of the order C + 50 yen limit”. Such an order is effective when it is desired to automatically place a profit-sell selling order after confirming an upward trend after a certain buying order is executed.

  The trigger 1 is set with a confirmation trigger “Order C is executed”, and the trigger monitoring unit monitors the order database for the execution of Order C. When the order C is executed and the execution price is fixed, the order condition and the order condition for the order D are also determined.

  Next, in trigger 2, the order trigger that was set as “Z brand current value is the contract price of order C + 20 yen” is confirmed as “Z brand current value is 520 yen”, and the trigger setting is turned OFF. The monitoring unit starts monitoring the market price of the Z brand. When the current value of the Z brand reaches 520 yen, the trigger setting of the order database is turned off, and an order of “sell 100 shares at the limit of 550 yen for the Z brand” is ordered from the ordering processing unit.

  In addition to the examples of FIGS. 12 to 14, various settings can be made for the trigger 1 and the trigger 2, and the trigger 1 serves as a deterministic trigger that determines the ordering condition with respect to the trigger 2 that is the ordering trigger. I just need it. For example, the trigger 1 can be set to monitor the balance of assets held by customers who have placed orders and place a sell order with a certain margin when the unrealized gain of a certain stock reaches a certain value. is there.

It is a figure which shows the outline | summary of this invention. It is a block diagram which shows an example of a structure of the trading order processing system concerning this invention. It is a figure which shows the 1st example of the conditional order by the present system. It is a figure which shows the 1st example of the conditional order by the system of this invention. It is a figure which shows the 2nd example of the conditional order by the present system. It is a figure which shows the 2nd example of the conditional order by the system of this invention. It is a figure which shows an example of the setting of the trigger of the conditional order by the present system. It is a figure which shows an example of the setting of the order trigger and the confirmation trigger of a conditional order by the system of this invention. It is a figure which shows an example when the order conditions and order conditions are confirmed by the conditional order by the system of this invention. It is a figure which shows an example of a structure of the order database and trigger database concerning this invention. It is a flowchart of the sales order process by this invention. It is a 1st example of the sales order processing flow by this invention. It is a 2nd example of the sales order processing flow by this invention. It is a 3rd example of the sales order processing flow by this invention.

Explanation of symbols

DESCRIPTION OF SYMBOLS 100 Trading order processing system 110 Input processing part 120 Order database 130 Trigger monitoring part 140 Trigger database 141 Order trigger table 142 Confirmation trigger table 150 Order processing part 160 Timer 200 Market value database 300 Customer terminal

Claims (4)

A trade order processing system for placing a trade order of a product whose price is consigned from an orderer to a trading market,
Order content storage means for storing the order content of the sales order including the order conditions specified by the orderer for execution of the sales order in association with the identification information of the sales order;
An order trigger storage means for storing an ordering condition designated by the orderer for placing an order for the buy / sell order as an order trigger in association with identification information of the buy / sell order;
A confirmation trigger storage means for associating a confirmation condition for confirming the order condition and an unconfirmed variable included in the order trigger with a confirmation trigger in association with identification information of the buy and sell order;
Confirmation trigger monitoring means for monitoring whether data changing in a market price storage device for storing information relating to the market price of the product matches the confirmation trigger stored in the confirmation trigger storage means;
When the confirmation of the confirmation trigger is detected by the confirmation trigger monitoring means, the order content corresponding to the confirmation trigger stored in the order content storage means is specified using the identification information as a key, and the order condition included in the order content An order condition update for updating an unconfirmed variable included in the order to a confirmed numerical value, and an order trigger corresponding to the confirmation trigger stored in the order trigger storage means using the identification information as a key, and the order trigger A condition update means for executing an update of an order trigger for updating an unconfirmed variable included in
Order trigger monitoring means for monitoring whether the data changing in the market price storage device matches the order trigger stored in the order trigger storage means;
When the order trigger monitoring means detects a match of the order trigger, the order content corresponding to the order trigger stored in the order content storage means is identified using the identification information as a key, and the order conditions included in the order content Order execution means for transmitting an order execution instruction in accordance with the transaction market system for the product;
With
In the order condition, the limit price of the limit order is “open price + x” or “open price−x” (x is the buy / sell order) based on the open price in the trading market of the target brand of the buy / sell order as an uncertain variable. Is specified as a positive number),
In the order trigger, the designated price of the target issue of the buy / sell order is “open price + y” or “open price−y” (y is a positive value that can be specified in the buy / sell order as an uncertain variable). Number)
The opening price is set in the confirmation trigger,
The confirmation trigger monitoring means monitors the opening price in the market price storage device,
The condition updating means obtains the opening price from the market price storage device when the opening price is fixed, and updates the limit price and the specified price to a price based on the opening price. Order processing system. A trade order processing system for placing a trade order of a product whose price is consigned from an orderer to a trading market,
Order content storage means for storing the order content of the sales order including the order conditions specified by the orderer for execution of the sales order in association with the identification information of the sales order;
An order trigger storage means for storing an ordering condition designated by the orderer for placing an order for the buy / sell order as an order trigger in association with identification information of the buy / sell order;
A confirmation trigger storage means for associating a confirmation condition for confirming the order condition and an unconfirmed variable included in the order trigger with a confirmation trigger in association with identification information of the buy and sell order;
Confirmation trigger monitoring means for monitoring whether data changing in a market price storage device for storing information relating to the market price of the product matches the confirmation trigger stored in the confirmation trigger storage means;
When the confirmation of the confirmation trigger is detected by the confirmation trigger monitoring means, the order content corresponding to the confirmation trigger stored in the order content storage means is specified using the identification information as a key, and the order condition included in the order content An order condition update for updating an unconfirmed variable included in the order to a confirmed numerical value, and an order trigger corresponding to the confirmation trigger stored in the order trigger storage means using the identification information as a key, and the order trigger A condition update means for executing an update of an order trigger for updating an unconfirmed variable included in
Order trigger monitoring means for monitoring whether the data changing in the market price storage device matches the order trigger stored in the order trigger storage means;
When the order trigger monitoring means detects a match of the order trigger, the order content corresponding to the order trigger stored in the order content storage means is identified using the identification information as a key, and the order conditions included in the order content Order execution means for transmitting an order execution instruction in accordance with the transaction market system for the product;
With
In the order condition, the limit price of the limit order is “close price + x” or “close price−x” (x can be specified in the buy / sell order) based on the closing price in the trading market of the target stock of the trading order as an unconfirmed variable. Positive number), and
In the order trigger, the specified price of the target issue of the buy / sell order is “close price + y” or “close price−y” (y is a positive number that can be specified in the buy / sell order) based on the close price as an undetermined variable. Specified,
The closing price is set in the confirmation trigger,
The confirmation trigger monitoring means monitors the closing price in the market price storage device,
The condition update means acquires the closing price from the market price storage device when the closing price is fixed, and updates the limit price and the specified price to a price based on the closing price. . A method of processing a buy / sell order in which a buy / sell order for a product whose price is consigned from an orderer is placed on a trading market by a buy / sell order processing system,
The buying and selling order processing system accepts order contents of the buying and selling order including order conditions designated by the orderer for execution of the buying and selling order from a terminal device operated by the orderer, and identification information of the buying and selling order Storing in the order content storage unit in association with
The trading order processing system stores the ordering conditions specified by the orderer to place the trading order in association with the identification information of the trading order and stores it in the order trigger storage as an order trigger;
The buy / sell order processing system stores the order condition and a confirmed condition for confirming an unconfirmed variable included in the order trigger in association with identification information of the buy / sell order and stores it in a confirmed trigger storage unit as a confirmed trigger. Steps,
Monitoring whether the data that changes in the market price storage device in which the trading order processing system stores information on the market price of the product matches the confirmation trigger stored in the confirmation trigger storage unit;
When the buy / sell order processing system detects a match of the confirmation trigger in the step of monitoring whether the confirmation trigger is met, an order corresponding to the confirmation trigger stored in the order content storage unit using the identification information as a key. An order condition update for identifying contents and updating an unconfirmed variable included in the order conditions included in the order contents to a determined numerical value, and the confirmation stored in the order trigger storage unit using the identification information as a key Identifying an order trigger corresponding to the trigger, and executing an update of the order trigger to update an unconfirmed variable included in the order trigger to a fixed numerical value;
The trading order processing system monitoring whether data changing in the market price storage device matches an order trigger stored in the order trigger storage; and
When the buy / sell order processing system detects a match of the order trigger in the step of monitoring whether the order trigger is met, an order corresponding to the order trigger stored in the order content storage unit using the identification information as a key. Identifying the content and sending an order execution instruction according to the order conditions included in the order content to the trading market system for the product;
Have
In the order condition, the limit price of the limit order is “open price + x” or “open price−x” (x is the buy / sell order) based on the open price in the trading market of the target brand of the buy / sell order as an uncertain variable. Is specified as a positive number),
In the order trigger, the designated price of the target issue of the buy / sell order is “open price + y” or “open price−y” (y is a positive value that can be specified in the buy / sell order as an uncertain variable). Number)
The opening price is set in the confirmation trigger,
In the step of monitoring the confirmation trigger, the trading order processing system monitors the opening price in the market price storage device,
In the step of executing the update, the buy / sell order processing system obtains the opening price from the market price storage device when the opening price is determined, and sets the limit price and the specified price to a price based on the opening price. A method of processing a buy / sell order characterized by updating. A method of processing a buy / sell order in which a buy / sell order for a product whose price is consigned from an orderer is placed on a trading market by a buy / sell order processing system,
The buying and selling order processing system accepts order contents of the buying and selling order including order conditions designated by the orderer for execution of the buying and selling order from a terminal device operated by the orderer, and identification information of the buying and selling order Storing in the order content storage unit in association with
The trading order processing system stores the ordering conditions specified by the orderer to place the trading order in association with the identification information of the trading order and stores it in the order trigger storage as an order trigger;
The buy / sell order processing system stores the order condition and a confirmed condition for confirming an unconfirmed variable included in the order trigger in association with identification information of the buy / sell order and stores it in a confirmed trigger storage unit as a confirmed trigger. Steps,
Monitoring whether the data that changes in the market price storage device in which the trading order processing system stores information on the market price of the product matches the confirmation trigger stored in the confirmation trigger storage unit;
When the buy / sell order processing system detects a match of the confirmation trigger in the step of monitoring whether the confirmation trigger is met, an order corresponding to the confirmation trigger stored in the order content storage unit using the identification information as a key. An order condition update for identifying contents and updating an unconfirmed variable included in the order conditions included in the order contents to a determined numerical value, and the confirmation stored in the order trigger storage unit using the identification information as a key Identifying an order trigger corresponding to the trigger, and executing an update of the order trigger to update an unconfirmed variable included in the order trigger to a fixed numerical value;
The trading order processing system monitoring whether data changing in the market price storage device matches an order trigger stored in the order trigger storage; and
When the buy / sell order processing system detects a match of the order trigger in the step of monitoring whether the order trigger is met, an order corresponding to the order trigger stored in the order content storage unit using the identification information as a key. Identifying the content and sending an order execution instruction according to the order conditions included in the order content to the trading market system for the product;
Have
In the order condition, the limit price of the limit order is “close price + x” or “close price−x” (x can be specified in the buy / sell order) based on the closing price in the trading market of the target stock of the trading order as an unconfirmed variable. Positive number), and
In the order trigger, the specified price of the target issue of the buy / sell order is “close price + y” or “close price−y” (y is a positive number that can be specified in the buy / sell order) based on the close price as an undetermined variable. Specified,
The closing price is set in the confirmation trigger,
In the step of monitoring the confirmation trigger, the trading order processing system monitors the closing price in the market price storage device,
In the step of executing the update, the trading order processing system obtains the closing price from the market price storage device when the closing price is determined, and updates the limit price and the designated price to a price based on the closing price. A method for processing a buy and sell order characterized by: