Session-based electronic trading

US11127076B2 · kind B2 · utility

Assignee

• Goldman Sachs & Co. LLC · US

Inventors

• Christopher White · Redwood City, US
• Justin Gmelich · New York, US
• Dimiter Georgiev · New York, US
• Debra Herschmann · New York, US
• Paul J. Huchro · New York, US
• Wichar Jiempreecha · New York, US
• Ross Levinsky · New York, US
• John R. Shaffer · Reno, US
• Stephanie Miriam Sklar · New York, US
• Paul Walker · Oshkosh, US

Key dates

• Filing date: Oct 31, 2018
• Grant date: Sep 21, 2021
• Expiry date: Dec 10, 2038

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An electronic trading method, system, apparatus and platform that facilitate dealer to client trading of financial instruments in a session-based format. In one embodiment, the electronic trading system establishes a trading session for a given financial instrument at a predetermined date and time. The electronic trading system presents a two-sided market and provides a guarantee of a minimum liquidity for the trading session. The electronic trading system then executes client orders based on time of order entry and allocation of available liquidity.