Trader counterpart precondition in anonymous trading system

US7725381B2 · kind B2 · utility

Assignee

• OMX Technology AB · SE

Inventors

• Johan Olsson · Skövde, SE
• Daniel Jensen · Stockholm, SE
• Sven Allebrand · New York, US
• Daniel Negishi · Stockholm, SE
• Ulf Ahlenius · Bromma, SE

Key dates

• Filing date: Apr 4, 2006
• Grant date: May 25, 2010
• Expiry date: Jul 31, 2027

Classification

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

Abstract

An anonymous trading system that enables users to select counterparty requirements. Each user has an interface to add trader preconditions regarding available counterparties. Those trader preconditions include an expression of the user's willingness to trade with selected counterparties. The added trader preconditions are collected from the users and combined into a trader matrix. The trader matrix is used to determine matching criteria for orders sent in by users. An anonymous trading system and a terminal for sending orders to an anonymous trading system are also provided.