HK1189411A - Terminal for conducting gaming sessions on exchanges - Google Patents

Description

Terminal for conducting a transaction in a foreign exchange market

The present invention relates to a system for facilitating financial transaction activities that provides for the rapid trading and rapid distribution of material consideration as a result of a transaction.

The prior art provides a foreign exchange trading system that includes a computer, a plurality of sets of information about bids received by the computer, a plurality of sets of information about trade offers received by the computer, and a set of preset acceptable parameters of trades and software features executed by the computer. Each of the plurality of sets of information about the bid received by the computer depicts a transaction of the first trader, each of the plurality of sets of information about the trade quote received by the computer depicts a transaction supported by the instructions of the second trader, a set of preset acceptable parameters of the transaction and of the software features performed by the computer compares the set of information about the bid with the set of information about the trade quote and defines a consistency in the case where the set of information about the bid and the set of information about the trade quote are consistent over a range of preset acceptable sets of transaction parameters (RU No.2259586, G06F17/60, published 27/2005 08).

The disadvantage of the prior art is that it is not only too complex in hardware, but also not functionally sufficient to preclude remote access to other people's transactions, not just officially registered transaction participants.

The prior art is used for remote communication terminals for conducting transactions in the foreign exchange market, comprising a monitor and a push-button or touch-sensitive keyboard or a touch-sensitive monitor with a keyboard on the monitor screen, a payment card reader, a currency input system, a device for remote connection with a corresponding control server regarding the status of the user's account, and a currency output device. The device is in the form of a programming and computing unit featuring a graphical interface display for the area of target information display. The telecommunication terminal is characterized in that the programming and calculation unit has the additional feature of being remotely connected to the foreign exchange market and to the server of the information agent in order to characterize the current quote, the profit and loss venture investment and the calculated information on each transaction activity in a specific area. This particular unit therefore also has a feature of displaying the inauguration investment, with the feature of entering the price and inauguration investment amount at point changes by means of a keyboard and transferring the plaster (premium) to the account of the payment account cardholder or outputting the plaster by means of a currency output device (RU No.64405, G06F19/00, published on 27.06.2007).

A disadvantage of the above-described solution is that the user must have exactly special knowledge about the investments in risk if the transaction is made on such a terminal. Given that there is a probabilistic prediction of a likely speculation based on earlier received results and approximations or correlations within a particular real-world period, then reasonably probabilistic reliable data regarding future offers may be received, which increases the probability of success for a user in a trade.

The presented scheme is accepted as a prototype of all the claimed objects.

The main object of the present invention is to realize a terminal for simple transactions. Such terminals can function as gaming devices and can be placed in leisure places in the form of gaming clubs, playgrounds and clubs.

The terminal is operated according to the guidelines of the Forex international foreign exchange market. To ensure proper operation of such terminals, it is necessary to provide real-time broadcasts of monetary market offers to trading instruments on the terminals and to implement profit calculation algorithms with respect to trades made by customers.

The quote sources may be well-known information sources such as "Reuters", "Bloomberg" and "tenform", and the trading center provides access to trading operations of the Forex market over the internet.

Furthermore, trading activities made by terminals can be introduced to the real market through a trading center, which makes such terminals not the equipment for making bets and investments at risk, but remote terminals for stock trading activities.

The object of the present invention is to obtain the technical effect of facilitating the operation of a terminal in a financial transaction complying with the hazard suppression of the automatic mode by using a mode of automatically calculating an increased or decreased speculation or an unchanged speculation of at least one future quote.

The claimed technical effect is achieved in that a terminal for trading in the foreign exchange market comprises: a monitor for displaying target information, which has a keyboard type input device; a currency input device for financial operations; and a communication device and a computing device for a remote server for graphical information display and settlement of the transaction in the area of an interface displayed on a monitor screen, wherein the computer has the feature of an offer broadcast received from a foreign exchange marketplace or an information agent, and the feature of transferring the plaster to the payer's current account by a signal of transaction termination or dispensing the plaster through a payment device. The computer has a unit for a speculation or trading volume selection and for limiting risk to that speculation or trading volume, and the computing device has additional options that implement features of trading computation, input of a varying price for at least one exchange rate, and input of at least one future quote's incremental or decremental speculation or invariant speculation.

The specified features are necessary and are linked to the development of a stable set of necessary features, sufficient to obtain the desired technical effect.

The invention is illustrated by specific examples of embodiments, which are not exclusive, but are intended to show possibilities of obtaining the technical effects claimed.

Fig. 1 is a block diagram of a flow regarding a terminal.

A remote communication terminal for foreign exchange transactions comprises an information input 1, a reading device 2 in the form of a monitor, a push button or touch keyboard 3 or a touch monitor 4 with a keyboard 5 on a monitor screen, a communication device 6 with a remote server, a calculation unit 7, which calculation unit 7 has the features of graphical information display in an interface displayed on the monitor screen and the execution of account settlement operations. The computing device has the feature of receiving an offer broadcast from a foreign exchange marketplace or information agent, and the feature of transferring the plaster to the payer's current account by signaling the expiration of the transaction period or dispensing the plaster through the payment device 8. In addition, the computing device has additional options to implement features of the trading computation, input of at least one variable price for the exchange rate and input of at least one incremental or decremental or invariant speculations for future quotes.

The terminal has a inauguration investment or transaction amount option and limits the risk to this inauguration investment or transaction amount 9.

The computing unit is connected on one side to a related control server 10 or to a user account status (e.g. bank making payments (e.g. credit card and bank card)) card in the case of access to a trader's account provided by the card, and on the other side to a source 11 of quotes and other foreign exchange information (e.g. "Reuters", "Bloomberg", "tenform") and a trading centre on the internet 12 providing access to trade operations of the Forex market.

Furthermore, the terminal comprises, for example, a financial card and credit card reader 13, which financial card and credit card reader 13 is directly or remotely connected to the control server 10 for the status of the user's account.

The terminal also includes a currency input device 14 and a currency output device 15, the currency output device 15 allowing for payment of the inauguration investment and receiving the topping up at the terminal location. The device 13 can be realized in the form of a unit built into the terminal housing or placed at a distance outside the terminal housing and connected to a programming and calculation unit. This unit may have features not only to transfer funds to a user account, but also to log off quantities from a user account and/or to output those quantities. Such a configuration allows the use of accounts with various mechanisms for credit and the use of inductive cards (working on the basis of credit card guidelines, but requiring the card to be brought close to the device (resting on the device or within a distance of no more than 10 cm) in order to cancel funds), payment being made by telephone, electronic payment systems, the account of the sponsoring organization and the password, cash and scratching-off the card by a card reader on the terminal at the association box office (issued as a card with a fixed denomination (500 wipes off the code area, entering the code into the device)).

The device 6 features a remote connection to one or more servers of foreign exchange and information agents to display information on the current quote, profit and loss venture and calculations for each transaction in a designated area on the monitor. This particular unit also has the feature of displaying the made investments in risk, and also has the following characteristics: the rate (point) change prices and inauguration investment are entered through the keyboard and the plaster is transferred to the account of the credit card and financial card holder or output through the money output device.

In order to simplify access to the terminal and transfer the amount to the customer's transaction account, a fingerprint authentication control and authentication system may be additionally provided. In order to manage the terminal, the terminal is additionally provided with a sound control system. These terminal features allow control of user authentication.

During a transaction period, a customer selects a transaction instrument (e.g., a currency pair) and at least one minimum price change cost for such transaction instrument. Next, the customer establishes a position (position) by performing a commercial transaction activity of purchasing or selling the transaction instrument according to its desire and current bid feedback. Based on the current quote feedback, the terminal calculates the amount of the customer's profit (loss) and displays the generated cash balance to the customer. The customer can close the position at any time by performing the opposite transaction activity (now purchasing if he was selling before; and vice versa). Thus, a betting cycle ends. The number of betting cycles in one transaction period is limited only to the cash balance. If the price change of the selected transaction instrument results in a situation where the cash balance becomes zero, the betting cycle will be forced to end.

The invention has the outstanding advantages that complex and long-period processes of initial customer registration, bank account opening, money transfer to a transaction center and the like are not needed. All operations and settlement of the customer are directly performed through the field terminal.

The terminal is essentially a new wagering tool and facilitates new, including regular customer collections, since there are no other available systems for wagering that are as simple as the system. The terminal is attractive from the customer's point of view because it operates based on the world quotes of the trading instrument. These offers can be conveniently checked by alternative sources of information (e.g. TV channels and internet publications) and do not allow manipulation of the offers to afford the organisation (where the terminal is installed) the benefit and greatly reduce the incidence of fraud.

For the implementation of a "programming and calculation unit with … … characteristics", algorithms for such unit operations are described, for example, the book "storage-exchange index: University textbook" by Olga Degtyarova, Olga Kandinskaya, M, Banks and exchanges, UNITI 1997, page 503, ISBN5-85173-060-9, chapter 7 "Development of Electronic exchange mapping system", section 7.3 "Electronic Algorithm for mapping", section 7.4.2 "illumination of Electronic mapping Operation" (example ATC by the System/2) "(see attached drawings (see/2)" (seeElectronic version with this section), presented online on the 2003 official website "Olga kandinkaya's Economic Site", and can be linked fromhttp://kandinskaya.narod.ru/delo07_r.htmlAnd finding.

In this context, there are examples of implementing the main electronic foreign components, including computational algorithms, interactive schemes, use of software and hardware, exemplified by the 386 and 486 series of computers. In particular, an example of electronic trading operations using the ATC/2 system is provided in detail. In a trading activity algorithm, as described herein, a trading activity scenario can be understood, which is a series of actions and a set of conditions for purchasing and selling objects. Thus, features such as "computing device with speculatively accepted and profit-loss calculated features for each transaction activity" are not disclosed in this specification, which relate to the current state of the art that will be widely implemented in the field of foreign exchange transactions.

The present invention can be implemented industrially because it can be implemented by techniques applied in products of electronic and mechanical game machines and computerized remote access systems.

Claims (1)

1. A terminal for trading in a foreign exchange market, the terminal comprising a monitor having a keyboard type input device, the monitor for displaying target information; currency input devices for financial operations, and communication devices and computing devices for remote servers, the computing device is for graphical information display and settlement of transactions in the area of the interface displayed on the monitor screen, wherein the computer is characterized by an offer broadcast received from a foreign exchange marketplace or information agent, and by transferring the plaster to the payer's current account via a signal that the transaction period has expired or by dispensing the plaster via a payment device, the computer has a unit for the inauguration investment or transaction amount option and limiting the risk to the inauguration investment and transaction amount, and the computing device has additional options to implement features of the trading computation, input of at least one rate change price, and input of at least one future quote increase or decrease speculation or no change speculation.