System and method for calculating optimal rates in a multi-source price engine in over the counter markets
US7627520B2 · kind B2 · utility
6Cited by
9References
31Claims
0Family size
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Key dates
| Filing date | Oct 18, 2006 |
| Grant date | Dec 1, 2009 |
| Priority date | — |
| Expiry date | Oct 23, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method calculate an optimal rates in a multi-source price engine in over the counter (OTC) markets. The system and method integrate rates from multiple liquidity sources to generate an output rate that can be transacted upon. Specifically, the system and method calculate a best bid/offer rate from input rates provided by multiple liquidity sources and apply a target spread and minimum profit to the best bid/offer rate to generate an optimal output rate. The optimal output rate may be a function of many factors, including market conditions, customer credit, and the preferences of the market maker or broker.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.