Anonymous trading system with improved quote input capabilities
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Aug 28, 2001
Grant Date -
N/A
app pub date -
Jun 15, 1998
filing date -
Aug 28, 1995
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
For each quote entered into a computerized anonymous trading system, the system determines if it is waiting to be 'hit' (would be matched with the first hit of a predetermined size) at a substantial number of trading floors, and if so, notifies the trader originating the quote. The substantial number of floors is preferably expressed as greater than a predetermined percentage of the available trading partners with whom credit has been established on a bilateral basis, and is preferably greater than 25%. In an alternate embodiment, the system provides a graphical display to the market maker originating a particular quote indicating how many trading floors are poised to hit that particular quote, and/or a numeric display indicating a price that would be Hittable by a predetermined number or percentage of available trading partners.
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