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US 2010/0076884 A1Published application
Trading related to fund compositions
AssigneeCfph, LLC
InventorsHoward W. Lutnick, Dean P. Alderucci, Andrew Fishkind, Brian L. Gay, Kevin Foley, Mark Miller, Charles Plott
Life of this patent
Estimating the term…
Abstract
A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described.
Claims45
A method comprising:
- receiving an indication of a composition of a fund, in which the composition includes a plurality of financial instruments that are owned by the fund;
- receiving a plurality of orders, in which each order defines a side of a trade for a financial instrument;
- for each order, determining if a respective financial instrument of a respective trade is part of the composition of the fund;
- and
- for each order, if it is determined that the respective financial instrument of the respective trade is part of the composition of the fund, transmitting a respective first query asking if a respective offer to enter into a respective trade that fulfills at least a portion of each of the order and a respective matching order that matches the order is accepted by an operator of the fund.
2 more elements
A method comprising:
- receiving an indication of a composition of a fund, in which the composition includes a plurality of financial instruments that are owned by the fund;
- receiving an indication of an order, in which the order defines a side of a trade for a financial instrument;
- determining that the financial instrument is part of the composition of the fund;
- determining that an offer to enter into a that fulfills at least a portion of each of the order and a matching order to the order is accepted by an operator of the fund, in which the matching order defines an opposite side of the trade for the financial instrument;
- and
- facilitating an execution of the trade.
3 more elements
A method comprising:
- receiving an indication of a composition of a fund, in which the composition includes a plurality of financial instruments that are owned by the fund;
- receiving an indication of an order, in which the order defines a side of a trade for a financial instrument;
- determining that the financial instrument is part of the composition of the fund;
- determining a change in price of the financial instrument;
- based on the change in price of the financial instrument, determining if an operator of the fund is likely to be interested in an opposite side of the trade for the financial instrument;
- if the operator is determined to be likely to be interested in the opposite side of the trade for the financial instrument, determining that an offer to enter into a that fulfills at least a portion of each of the order and a matching order to the order is accepted by an operator of the fund
- facilitating an execution of the trade fulfilling.
4 more elements
Dependencies are inferred from the claim text.