Ebs Group Limited

Peter Richard Horsfall

Edward Richard Howorka

Michael Merold

Steven Iaccheo

Schalk M Steyn

Alexander C Riseman

An anonymous trading system comprises one or more matching engines, one or more market distributors and one or more trader terminals for input of orders from institutions trading on the system. The trader terminals are connected to the system through bank nodes. A broker terminal is connected through a bank node and enables voice brokers to trade on the system on behalf of client traders. The voice brokers terminal can be configured for any client trader and will display the market view for that trader. Trades in which the broker terminal participates are not concluded until a manual credit check has been performed.

Electronic trading system

In a trading system market data from a matching engine is distributed by a broker to a plurality of trading floors repeatedly every T seconds, typically one second. This one second distribution period is divided into a plurality of time slots and each trading floor is randomly assigned to a slot. Data for a given trading floor is calculated and distributed during the time slot assigned to that floor. The position of a trading floor relative to others is varied by swapping a pair of adjacent time slots every J distribution periods.

Distribution of data to multiple recipients

A conversational trading system allows a plurality of instruments, for example financial instruments such as foreign exchange products to be traded from a single user interface. The interface includes a deal stack comprising a deal list, a deal detail panel and a button bar. The deal list displays deal related information such as status, party, instrument and an instrument and status related string in a form common to all instruments. The deal detail panel displays information relating to a specific deal in the list that has been selected by the trader in a manner that is specific to the instrument being traded. Deal related information may be entered into the system by trader conversations which are parsed by a parser. The parser analyses the conversation for key terms which depend on the status of the deal. Where a key term is found, the deal status is changed and the deal stack sends appropriate messages to the system which may cause counterparty deal details to change. Deal information may also be entered directly without the use of parsed conversation.

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Morristown, NJ, United States of America

Peter Richard Horsfall