Electronic securities marketplace having integration with order management systems

US8515857B2 · 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: Dec 19, 2011
• Grant date: Aug 20, 2013
• Expiry date: Feb 13, 2032

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.