Method and system for managing distributed trading data

US7565313B2 · kind B2 · utility

Assignee

• Pipeline Financial Group, Inc. · US

Inventors

• Henri Waelbroeck · Scarsdale, US
• Fred J. Federspiel · Larchmont, US
• John Lopez · Nesconset, US

Key dates

• Filing date: Dec 5, 2002
• Grant date: Jul 21, 2009
• Expiry date: Sep 4, 2025

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q50/188
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

In a preferred embodiment, the invention comprises a computer-implemented system and method of managing market information across a network of data providers, comprising the steps of: (a) electronically receiving first data including confidential information regarding market participants in a first system that protects said first data behind a firewall; (b) electronically receiving second data including confidential information regarding market participants in a second system that protects said second data behind a firewall; (c) electronically receiving an order and targeting parameters from a first market participant; (d) electronically issuing an advertisement request message to said first system and said second system, said advertisement message comprising display attributes of said order and comprising said targeting parameters; (e) electronically prompting said first system and said second system via the advertisement request message to each send a coordination request message to a Coordination Hub, said coordination request message comprising information deduced from said confidential information regarding market participants in said first and second systems, wherein the sele…