Global foreign exchange system
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United States of America Patent
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-
Nov 13, 2012
Grant Date -
Jul 4, 2002
app pub date -
Feb 20, 2001
filing date -
Dec 30, 2000
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A computerized trading system permits global currency trading. The system preferably includes multiple affiliates at the local level, each in a different country, that act as introducing agents. Between these local affiliates there is a global exchange or hub, with the local affiliates and the global hub being arranged in a hub-and-spoke arrangement. Introducing affiliates are responsible for handling customer accounts and information, and accepting orders. The global exchange is responsible for routing orders to one or multiple foreign exchange liquidity banks to handle foreign exchange transactions to convert one currency into another.
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