STOCK EXCHANGE MARKET AUTOMATION PROCESS AND DEVICE Russian patent published in 1998 - IPC

FIELD: economics. SUBSTANCE: computer-aided system is proposed for stock exchanger market that includes one or more stock exchanges each being self-contained market where instant execution transactions, futures deals, and option deals are made which are based on standard contracts; clearings are effected through Common Clearinghouses. Considered as members of each stock exchange are broker firms making business transactions on behalf of clients through brokers accredited by broker firms and independent traders performing trade operations in their own interests. Considered as members of Clearinghouse are firms rendering clearing services to respective broker firms their clients, and independent traders who play the part of duarantors of obligations related to dealings made at stock exchanges as well as clearing bank and business banks rendering accounting, saving, and transfer operations with funds used by Clearinghouse and those related to deliveries. Device implementing this process has facilities located, respectively, on Clearinghouse side, on side of each stock exchange, on clearing bank side, on side of each business bank, on side of each clearing firm, on side of each broker firm, on side of each independent trader, on side of each broker of broker firms, and on side of each client of broker firms. EFFECT: improved reliability of operations made at stock exchanges. 6 cl, 2 dwg