Anonymous trading system with improved quote input capabilities
US7383221B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Aug 10, 2001 |
| Grant date | Jun 3, 2008 |
| Priority date | — |
| Expiry date | Feb 6, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
For each quote entered into a computerized anonymous trading system, the system determines if it is waiting to be “hit” (would be matched with the first hit of a predetermined size) at a substantial number of trading floors, and if so, notifies the trader originating the quote. The substantial number of floors is preferably expressed as greater than a predetermined percentage of the available trading partners with whom credit has been established on a bilateral basis, and is preferably greater than 25%. In an alternate embodiment, the system provides a graphical display to the market maker originating a particular quote indicating how many trading floors are poised to hit that particular quote, and/or a numeric display indicating a price that would be Hittable by a predetermined number or percentage of available trading partners.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.