METHOD AND SYSTEM FOR TRADING AND CLEARING FINANCIAL INSTRUMENTS VIA A MESSAGING INTERFACE

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20120254008A1
SERIAL NO

13079505

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A system allowing customers to use instant messaging (IM) (or other non-financial information exchange compliant communication based) communications to communicate market actions directly to an electronic facility platform that, in turn, publishes market data and matches orders according to standard exchange trading protocols and allows for direct communication with at least one market participant via a financial information exchange compliant communication network for negotiating the terms of and entering into bilateral transactions with the at least market participant, without the need for a human intermediary. The system and method allows matching and publishing market data for Over the Counter (OTC) contracts, OTC cleared contracts, and for the routing of orders to Exchange central limit order books.

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Patent Owner(s)

Patent OwnerAddress
CHICAGO MERCANTILE EXCHANGE INC20 SOUTH WACKER DRIVE CHICAGO IL 60606

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Brady, Neal B Evanston, US 1 10

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