Real time trading
AssigneeChicago Mercantile Exchange Inc.
InventorsMarcus Grubb, Andre Keijsers, Philip McConnell
Life of this patent
Estimating the term…
Abstract
A computer based system for executing transactions involving financial instruments, comprising a central host computer system, and a network of client computer systems including browser-based software which is adapted to present different interfaces to different trading parties, and also adapted to enable the different parties to set permission filters which control the presentation of information relating to their own trading, to other parties.
Claims16
A computer based system for executing transactions involving financial instruments, comprising:
- a central host computer system communicatively coupled to a plurality of client computer systems over a network, each of the plurality of client computer systems associated with at least one trading party and including browser-based software configured to present a trading interface and to enable administration of at least one permission filter that control re-transmission of the associated at least one trading party's trading information by the central host computer system to others of the plurality of client computer systems, the trading information including the associated at least one trading party's quotes,
- wherein the central host computer system is configured to cross-map the trading information received from each of the plurality of client computer systems according to the at least one permission filter of each of the associated at least one trading parties and to retransmit the received trading information to at least the others of the plurality of client computer systems according to the cross-map, the cross-map identifying to which of the plurality of client computer systems each of the trading party's trading information may be re-transmitted.
An over-the-counter (OTC) derivative product transaction system, comprising:
- a yield curve input configured to allow entry of quotes for OTC derivative products of varying maturities;
- a permissions filter system configured to store the trading preferences for a trading party, the trading preferences identifying which of a plurality of counterparties may view the trading party's quotes and which quotes of each of the plurality of counterparties the trading party may view;
- a communication system operative to communicate the quotes and trading preferences to at least a central host computer and to receive from the central host computer proposed transactions for OTC derivative products of varying maturity, the proposed transactions being compiled by the central host computer for the trading party according to permission filtering of quotes and associated trading preferences of a plurality counterparties and the trading preferences of the trading party;
- and
- an interface configured to display in a grid-like pattern the proposed transactions for the OTC derivative products according to maturity.
Dependencies are inferred from the claim text.