Method and system for initiating and clearing trades
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United States of America Patent
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Mar 25, 2014
Grant Date -
Jul 17, 2008
app pub date -
Mar 24, 2008
filing date -
May 4, 2000
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A system and method are provided for facilitating the exchange of data between one or more price providers and customers who communicate with the price providers through various portals, each of which may use it own data format. In transmitting data from customer to price provider, the data output from each portal is normalized to a standardized format and then transmitted to the appropriate price provider(s) where the data exchanged with the various portals can be viewed by a trader at a single display or can be exchanged with an automated pricing engine. The customer may also be provided with a universal Web site at which a customer may access any of the portals' Web sites to simplify access for the customer as well.
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