Method for market making

US7467110B2 · kind B2 · utility

Assignee

• The Olsen Group · CH

Inventors

• Ulrich Müller · Neustadt, DE
• Richard Brady Olsen · Zürich, CH

Key dates

• Filing date: Jan 18, 2001
• Grant date: Dec 16, 2008
• Expiry date: Oct 14, 2025

Classification

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

Abstract

A preferred embodiment of the subject invention automates the market making process for currency trading. When a quote request for a currency is received from a client (preferably over a computer network such as the Internet), software of a preferred embodiment calculates a real-time bid and ask price for the currency. The subject invention is applicable to any asset for which market making is appropriate, and is not restricted to currency exchange.