Back to results
US 2010/0076896 A1Published application
Substitutability of financial instruments
OwnerHoward W. Lutnick, Dean P. Alderucci +5inventors
InventorsHoward W. Lutnick, Dean P. Alderucci, Andrew Eishkind, 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.
Claims29
A method comprising:
- receiving an indication of an order, in which the order defines a side of a trade for a first financial instrument;
- transmitting a first query asking if a matching order to the order is stored in an order management system, in which the matching order defines an opposite side of a trade for a second financial instrument, and in which the first financial instrument is substitutable for the second financial instrument;
- transmitting a second query asking if an offer to enter into a trade that fulfills at least a portion of each of the order and the matching order is accepted;
- receiving an indication of an acceptance of the order;
- and
- in response to receiving the acceptance, facilitating execution of the trade fulfilling at least the portion of each of the order and the matching order.
3 more elements
A method comprising:
- receiving an indication of an order, in which the order defines a side of a trade for a first financial instrument;
- determining that a matching order to the order is stored in an order management system and that an offer to enter into a trade that fulfills at least a portion of each of the order and the matching order is accepted, in which the matching order defines an opposite side of a trade for a second financial instrument, and in which the first financial instrument is substitutable for the second financial instrument;
- receiving an acceptance of the order;
- and
- in response to receiving the acceptance, facilitating execution of the trade fulfilling at least the portion of each of the order and the matching order.
2 more elements
A method comprising:
- receiving an indication of an order, in which the order defines a side of a trade for a first financial instrument;
- determining that a matching order to the order is stored in an order management system, in which the matching order defines an opposite side of a trade for a second financial instrument, and in which the first financial instrument is substitutable for the second financial instrument;
- soliciting a binding acceptance of a trade, in which the trade fulfills at least a portion of the matching order and the order;
- and
- only if an acceptance of the trade is received, facilitating execution of the trade.
2 more elements
Dependencies are inferred from the claim text.