GLOBAL FOREIGN EXCHANGE SYSTEM
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United States of America Patent
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Issued Date -
Nov 22, 2012
app pub date -
Jun 19, 2012
filing date -
Dec 30, 2000
priority date (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 more multiple foreign exchange liquidity banks to handle foreign exchange transactions to convert one currency into another.
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