Quote-driven-market system for international foreign exchange market

Abstract

The invention relates to a quote-driven-market system for an international foreign exchange market. The system comprises a financial calculation engine, a database and a quote combined management system, wherein the database and quote combined management system are built based on the financial calculation engine. The quote-driven-market system is beneficial in that continuous output can be realized; a machine learning part sufficiently considers interest liquidity and monetary liquidity, an interest rate futures derivative characteristic and a non-standard term characteristic; and furthermorebecause a high-speed modular design is utilized, the quote-driven-system realizes better price than Bloomberg foreign exchange quote; the system realizes higher speed than Murex quote; quote price andquote speed are remarkably improved; and furthermore model designing of the financial calculation engine is based on a no-risk hedging principle, and drainage can be performed on quote-driven-marketbehaviors which comprises standard-time quote-driven-market behaviors and non-standard-time quote-driven-market behaviors. Furthermore because the quote-driven-market system provided by the inventionhas no similar project or product or service in China, the quote-driven-market system has uniqueness, monopolistic property and high threshold.

Description

technical field [0001] The present invention relates to the field of financial technology, in particular to the field of market-making trading systems, and specifically refers to a market-making trading system in the international foreign exchange market. Background technique [0002] At present, the most critical factor restricting the improvement of the profitability of domestic banks' foreign exchange business is the lack of independent quotation ability. It is difficult for domestic mainstream commercial banks to be called foreign exchange market-making banks in the true sense. limited. Although there are a large number of customer positions, because they do not have the right to speak in the market that matches the existing customer resources and trading volume, they cannot effectively use these positions. They can only passively accept quotations from other counterparties in the international market and flatten the market by adding spreads , Compared with the quotatio...

AI Technical Summary

Problems solved by technology

[0002] At present, the most critical factor restricting the improvement of the profitability of domestic banks' foreign exchange business is the lack of independent quotation ability. It is difficult for domestic mainstream commercial banks to be called foreign exchange market-making banks in the true sense. limited

Although there are a large number of customer positions, because they do not have the right to speak in the market that matches the existing customer resources and trading volume, they cannot effectively use these positions. They can only passively accept quotations from other counterparties in the international market and flatten the market by adding spreads , compared with the quotations of international foreign exchange market makers, the quality of quotations is not good, the quotation time lags behind, and the market position is very passive

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