Swap crossing system and method

US11416928B2 · kind B2 · utility

Assignee

• BGC PARTNERS, INC. · US

Inventors

• Rich Jaycobs · Burlington, US
• Howard W. Lutnick · New York, US
• Mike Sweeting · London, GB

Key dates

• Filing date: Oct 23, 2014
• Grant date: Aug 16, 2022
• Expiry date: Jan 10, 2036

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An exchange through which swap contracts may be traded. Embodiments may allow a trader to announce a potential crossing before the crossing is requested. The user may then request the crossing between two parties. An announcement window may be kept open through a chaining of announcements. An interloper with a same price but better time than a party to the cross may be kept out of interloping in the cross. A ticker symbol system may list a clearinghouse to be used to execute a requested cross.