Electronic securities marketplace having integration with order management systems

US8548898B2 · kind B2 · utility

Assignee

• Liquidnet Holdings, Inc. · US

Inventors

• Seth I. Merrin · New York, US
• John Halloran · Town of East Granby, US
• Demian Kosofsky · Redmond, US
• Kevin Lupowitz · New York, US

Key dates

• Filing date: Sep 22, 2011
• Grant date: Oct 1, 2013
• Expiry date: Feb 7, 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.