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US Patent 5963923 - System and method for trading having a principal market maker
US Patent Issued on October 5, 1999
Estimated Patent Expiration Date:
June 3, 2017Estimated 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.
Estimated Patent Expiration Date:
June 3, 2017Estimated 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.AbstractA system and method is provided for linking a Rolling Spot Currency contract with a Principle Market Maker program. In one aspect of the invention, the system includes an electronic brokerage and trading network having at least one computer coupled to receive and transmit bids and offers for international currency trading; a display terminal and input; and a principal market maker computer coupled to the electronic brokerage and trading network wherein the principal market maker computer is operative to receive and transmit the bids and offers and execute international currency trades by maintaining a market for such currencies. In another aspect of the invention, the method includes the steps of receiving and transmitting bids and offers for publicly traded currencies; storing the received bids and offers in a memory; identifying and executing the matching bids and offers; and identifying unmatched bids and offers and providing a complementary trade to maintain a market for such currencies.Other References
| InventorApplicationNo. 868200 filed on 06/03/1997US Classes:705/37, Trading, matching, or bidding235/379, Banking systems235/380, Credit or identification card systems705/35Finance (e.g., banking, investment or credit)Field of Search705/37, Trading, matching, or bidding705/35, Finance (e.g., banking, investment or credit)235/379, Banking systems235/380Credit or identification card systemsExaminersPrimary: MacDonald, Allen R.Assistant: Patel, Jagdish Attorney, Agent or FirmUS Patent References4674044, Automated securities trading systemIssued on: 06/16/1987 Inventor: Kalmus , et al.4677552, International commodity trade exchange Issued on: 06/30/1987 Inventor: Sibley, Jr.4903201, Automated futures trading exchange Issued on: 02/20/1990 Inventor: Wagner4926368, Electronic apparatus with currency conversion function Issued on: 05/15/1990 Inventor: Morita, et al.4980826, Voice actuated automated futures trading exchange Issued on: 12/25/1990 Inventor: Wagner5003473, Trading ticket output system Issued on: 03/26/1991 Inventor: Richards5077665, Distributed matching system Issued on: 12/31/1991 Inventor: Silverman, et al.5101353, Automated system for providing liquidity to securities markets Issued on: 03/31/1992 Inventor: Lupien, et al.5168446, System for conducting and processing spot commodity transactions Issued on: 12/01/1992 Inventor: Wiseman5195031, Trading system for providing real time context sensitive trading messages based on conversation analysis Issued on: 03/16/1993 Inventor: Ordish5262942, Financial transaction network Issued on: 11/16/1993 Inventor: Earle5297031, Method and apparatus for order management by market brokers Issued on: 03/22/1994 Inventor: Gutterman, et al.5297032, Securities trading workstation Issued on: 03/22/1994 Inventor: Trojan, et al.5305200, Financial exchange system having automated recovery/rollback of unacknowledged orders Issued on: 04/19/1994 Inventor: Hartheimer, et al.5453601, Electronic-monetary system Issued on: 09/26/1995 Inventor: Rosen5455407, Electronic-monetary system Issued on: 10/03/1995 Inventor: Rosen5694552Financing method incorporating new use of trade acceptance drafts Issued on: 12/02/1997 Inventor: Aharoni Foreign Patent References
International ClassG06F 015/30 |
