Electronic securities marketplace having integration with order management systems

US8082205B2 · kind B2 · utility

Assignee

• CFPH, LLC · US

Inventors

• Howard W. Lutnick · New York, US
• Mark Miller · New York, US
• Dean P. Alderucci · Westport, US
• Bill Rice · Los Angeles, US
• Kevin Foley · New York, US
• Andrew Fishkind · New York, US
• Philip Marber · Boca Raton, US
• Brian L. Gay · New York, US

Key dates

• Filing date: May 1, 2008
• Grant date: Dec 20, 2011
• Expiry date: Jul 24, 2029

Classification

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

Abstract

An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities.