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US 2014/0351112 A1Published application
Currency trading platform with improved risk management
OwnerShawn Vulte DILKESinventor
Life of this patent
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Abstract
Systems, methods and software for processing and displaying information associated with a plurality of currency exchange transactions to a forex dealer in real time, i.e. substantially simultaneously with the receipt or placement of the associated transactions orders or position requests.
Claims20
A method of determining a dealer exchange rate quote, comprising:
- receiving a plurality of exchange rates from financial institutions, each exchange rate characterized by a currency pair, a bid rate and an ask rate;
- displaying the plurality of exchange rates on a graphical user interface;
- providing on the graphical user interface a plurality of selectable quote generation strategies each configured to generate a dealer exchange rate quote from a plurality of bid rates and ask rates;
- providing on the graphical user interface a selection mechanism allowing a dealer to select which of the received bid rates and ask rates will be considered when generating the dealer exchange rate quote;
- receiving input through the graphical user interface indicating which of the received bid rates and ask rates have been selected to be considered when generating the dealer exchange rate quote;
- receiving input through the graphical user interface indicating which of the quote generation strategies has been selected to generate the dealer exchange rate quote;
- generating the dealer exchange rate quote by applying the selected quote generation strategy to the selected bid rates and ask rates;
- and
- displaying on the graphical user interface the generated dealer exchange rate quote.
6 more elements
A method of determining a dealer exchange rate quote from a plurality of exchange rates offered by financial institutions, comprising:
- selecting a quote generation strategy from a plurality of available quote generation strategies to generate a dealer exchange rate quote from a plurality of bid rates and ask rates;
- receiving a plurality of exchange rates from financial institutions, each exchange rate characterized by a currency pair, a bid rate and an ask rate;
- selecting a portion of the received bid rates and ask rates to be considered when generating the dealer exchange rate quote;
- and
- applying the selected quote generation strategy to the selected bid rates and ask rates to generate the dealer exchange rate quote.
2 more elements
A method of determining a dealer exchange rate quote from a plurality of exchange rates quotes provided by financial institutions, comprising:
- receiving a plurality of exchange rates from financial institutions, each exchange rate characterized by a currency pair, a bid rate and an ask rate;
- selecting a pair of quote generation strategies to generate a dealer exchange rate quote for a selected currency pair from a plurality of the received bid rates and ask rates, wherein one of the pair of quote generation strategies is a two banks strategy to be used when exactly two banks provide bid and ask rates for the selected currency pair, and the other of the pair of quote generation strategies is a general strategy to be used when more than two banks quote bid and ask rates for the selected currency pair;
- selecting a portion of the received bid rates and ask rates to be considered when generating a dealer exchange rate quote for the selected currency pair;
- determining, based on the selected bid rates and ask rates, whether the selected two banks strategy or the selected general strategy is to be applied to generate the dealer exchange rate quote for the selected currency pair;
- and
- applying the determined one of the selected two banks strategy or the selected general strategy to the selected bid rates and ask rates to generate the dealer exchange rate quote for the selected currency pair.
3 more elements
Dependencies are inferred from the claim text.