Automatic securities exchange system which detects communications errors and allows cancellation of orders
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United States of America Patent
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-
Nov 16, 1999
Grant Date -
N/A
app pub date -
Mar 18, 1994
filing date -
Apr 16, 1993
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
An electronic dealing system including a host system and a plurality of terminal systems and electronically performing matching processing of information on transaction orders placed by the order side customers and information on transactions placed by hit side customers so as to establish a transaction, wherein the host system is provided with a first detecting unit for detecting the occurrence of a fault in a communication system with a terminal system and a canceling unit for canceling orders of order side customers issued from a terminal system connected to that communication system when said first detecting unit detects that a fault in the communication system has occurred.
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