Virtual over-the-counter financial product exchange system
US12008651B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Dec 19, 2019 |
| Grant date | Jun 11, 2024 |
| Priority date | — |
| Expiry date | Dec 19, 2039 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A virtual over-the-counter exchange system that allows brokers to negotiate and complete exchanges of financial products between traders within a plurality of financial product markets includes a data converter that converts financial product market information received from a broker into a standard financial product data format, a virtual broker database that stores the financial product market information in the standard financial product data format, a plurality of virtual trader databases, each virtual trader database storing, in the standard financial product data format, at least a portion of the financial product market information selected by the broker to be distributed to a corresponding one of a plurality of traders, and a data distributor that distributes the at least a portion of the financial product market information in each of the virtual trader databases to a corresponding one of the plurality of traders in one of a plurality of proprietary formats.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.