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Steel spot medium and long-term electronic trading system

A trading system and electronic disk technology, applied in business, instrumentation, data processing applications, etc., can solve problems such as non-compliance, lack of supervision system in the steel electronic trading market, and medium and long-term electronic disk transactions cannot be protected by law, etc.

Inactive Publication Date: 2011-12-14
HANGZHOU WODEJIA YANGWANG IRON & STEEL ELECTRONICS TRANSACTION MARKET
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AI Technical Summary

Problems solved by technology

Although the steel electronic trading also adopts standard contracts, deposits and matching transactions, the trading mode is similar to futures trading, but it does not comply with the current laws and regulations of our country, and the medium and long-term electronic trading in the steel electronic trading market cannot be protected by law.
[0005] The main body of futures trading is the registered futures exchange, and the trading varieties are futures varieties approved by the state; the main body of medium and long-term electronic trading is the steel electronic trading market, which is only equivalent to ordinary enterprises, and the trading varieties are relatively independent and flexible , in contrast, the steel electronic trading market lacks a sound regulatory system

Method used

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  • Steel spot medium and long-term electronic trading system

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Embodiment Construction

[0022] The present invention will be further described in detail below in conjunction with the accompanying drawings and embodiments.

[0023] The specific steps are as follows (the members involved in this embodiment are all considered as legal members who have passed the review of the market side):

[0024] 1) To determine the variety, the market manager enters the contract information and determines the trading variety. The specific content of the contract includes the name of the trading variety, the transaction validity period, the delivery period, the tonnage per lot, the margin ratio and the daily amplitude;

[0025] 2) Entrusted order: Members log in to the system, view and select the contract, enter the entrusted quantity and application price, save the entrusted order, and when the entrusted order is successfully entrusted, the system will automatically freeze the required amount of funds according to the margin ratio;

[0026] 3) Transaction: After the entrustment o...

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Abstract

The invention discloses a mid-to-long-term electronic trading system for steel spot goods, which includes trading members, market managers, supervisory banks, and mid-to-long-term electronic trading systems. A widely accepted common computer is used as a client to share resources through the Internet. The operation is simple and easy to accept; after the trading member successfully entrusts the buying and selling order to the medium and long-term electronic trading system, the system will automatically match the transaction, and the transaction will be deemed as the electronic transaction contract. The transaction process is fair, open, and impartial; coupled with the participation of the bank to supervise the settlement and transfer of funds, trading members can conduct transactions with confidence, and at the same time, it also makes the company that provides this service a favorable position in the competition , to achieve better benefits.

Description

technical field [0001] The invention relates to a medium and long-term electronic trading system for spot steel products. Background technique [0002] my country is the world's largest steel producer and consumer, and steel is an important commodity related to the national economy and people's livelihood. At present, affected by various factors at home and abroad, my country's steel industry is facing serious problems such as overcapacity and price fluctuations. Steel companies are urgently Need to avoid huge price risk. Under such circumstances, the steel product electronic market has introduced medium and long-term steel product electronic trading, and has developed rapidly. [0003] Since its official launch in 2004, in just a few years, the steel electronic trading market has developed rapidly. In addition to providing steel spot trading platforms, these markets also carry out medium and long-term electronic trading. With reference to the futures trading model, on the...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q30/00G06Q50/00
Inventor 朱青华
Owner HANGZHOU WODEJIA YANGWANG IRON & STEEL ELECTRONICS TRANSACTION MARKET
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