Importance

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Abstract

A computerized automated trading system that allows users to execute money market transactions wherein the principal trading amount for a proposed money market transaction may be distributed across a plurality of different providers. Customers can make multiple money market deposits (or loans) for different amounts, and can split the total desired principal size of the desired deposit (or loan) across the plurality of providers, all from a single interactive user interface screen. Thus, the invention puts customers in a better position to obtain the best overall rate for the principal amount. The invention may also be configured to display a list of a customer's open money market trades, and allows the customer to select and roll over maturing trades. Customers can roll over single or multiple open trades for a given currency and use a different set of providers than was used for the original trades, or use a different distribution of the funds among the original set of providers. The invention provides these benefits for all types of money market transactions, including but not limited to, cash loans and deposits, certificates of deposit, treasury bills, repurchase agreements, and commercial paper transactions.

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First Claim