Distributed matching system for displaying a book of credit filtered bids and offers

Patent 5924083 Issued on July 13, 1999. Estimated Expiration Date:

May 29, 2016. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.

Abstract Claims Description Full Text

Patent References

3573747

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Inventors

Assignee

Geneva Branch of Reuters Transaction Services Limited

Application

No. 654685 filed on 05/29/1996

US Classes:

705/37Trading, matching, or bidding

Examiners

Primary: Poinvil, Frantzy

Attorney, Agent or Firm

Banner & Witcoff, Ltd.

Foreign Patent References

0 407 026 A2 EP. 01/12/1991
0 434 224 A2 EP. 06/12/1991
0 416 482 A2 EP. 03/12/1992
0 491 455 A2 EP. 06/12/1992
0 512 702 A2 EP. 11/12/1992
1489571 GB. 10/12/1974
2 275 796 GB. 09/12/1994
2 275 797 GB. 09/12/1994
2 275 798 GB. 09/12/1994
2 277 177 GB. 10/12/1994
2 277 389 GB. 10/12/1994
2 277 178 GB. 10/12/1994

International Class

G06F 017/60

Abstract

A distributed electronic trading system for displaying a real-time credit filtered view of at least one market in which financial instruments are traded in which the market view includes a predetermined number of orders currently available to a viewing trading entity based upon one or more credit limits entered by the viewing trading entities and/or other trading entities in the system includes a host for receiving and storing orders and credit information entered by a plurality of trading entities including the viewing trading entity, for transmitting the orders and predetermined display parameters, and for selectively transmitting the credit information; a plurality of intelligent nodes linked to the host; and a plurality of keystations respectively linked to one or more of the intelligent nodes. Each intelligent node includes a credit information storage unit for storing the selected credit information, an order book storage unit for storing the orders and display parameters, and a processor for generating real-time credit filtered market view display information for each assigned trading entity. The real-time credit filtered market view display information includes the predetermined number of unilaterally and/or bilaterally credit filtered orders and corresponding available quantities. The displayed market view may consist of individual order prices and quantities, aggregated prices and quantities, and/or average prices at predetermined quantities chosen by the viewing trading entity.

Other References

"Flying High With Financial Databases," Donald P. Mazzella, Wall Street Computer Review, Jun. 1985, pp. 36-44
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