Systems and methods for implementing trading and global matching based on request and offer of liquidity

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 11875403
SERIAL NO

17520813

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ATTORNEY / AGENT: (SPONSORED)

Importance

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Abstract

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Apparatus and method for stimulating trading in a limited-liquidity financial instrument may include receiving a trade of liquidity for the financial instrument. The trade may include a first order from a first entity corresponding to a price and volume associated with a pre-determined bid-offer spread. The first order may be executable only in conjunction with a counterorder including a commitment to make a two-way market in the pre-determined bid-offer spread. The counterorder may be received from a second entity with a bid price and an offer price. An instruction may be received from the first entity to select one of the bid and the offer and execute a trade therewith for a size not less than a pre-determined size. If a selection from the first entity is not received with a pre-determined time period of time, a trade may be executed based on a pre-determined election by the second entity.

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Patent Owner(s)

  • GFI GROUP INC.

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Cicero, Francesco London, GB 13 58
Prest, Simon London, GB 5 10

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