System and method for financial matching
AssigneeTradeweb Markets LLC
InventorsRupert Warmington, Ian Stocks, James W. Dale
Life of this patent
Estimating the term…
Abstract
A trading platform for trading financial instruments, and in particular for clearing odd lots, that provides the ability to receive, manage, match, and supervise orders. In an exemplary embodiment, the trading platform includes computer software modules and provides graphical user interfaces to handle the process of entering orders for desired positions, monitor the status of open positions, and obtain data in connection order requests. The trading platform is also capable of matching orders and sending orders to be executed.
Claims14
A system for matching one or more first trading positions of a first dealer with one or more second trading positions of a second dealer, the system in communication with one or more first dealer computer systems and one or more second dealer computer systems having software operable thereon that enables communication with the system, the system comprising:
- an order entry system including one or more computer systems operative to accept the one or more first trading positions and the one or more second trading positions;
- a matching system including one or more back-end computer systems operative to match one of the first trading positions with one of the second trading positions based on a predetermined criteria;
- a graphical user interface that permits the first dealer and second dealer to submit and monitor the one or more first trading positions and the one or more second trading positions;
- wherein the system is configured with programming to:
- accept the one or more first trading positions and the one or more second trading positions;
- determine whether any first trading position is a match to any second trading position;
- and
- execute a trade when a match is formed.
A method for matching one or more first trading positions of a first dealer with one or more second trading positions of a second dealer on a system in communication with one or more first dealer computer systems and one or more second dealer computer systems having software operable thereon that enables communication with the system, the method comprising:
- accepting the one or more first trading positions from the first dealer;
- accepting the one or more second trading positions from the second dealer;
- forming matches between one of the first trading positions and one of the second trading positions based on a predetermined matching criteria when any first trading position is opposed to any second trading position;
- and
- forwarding trades for execution based on the matches.
Dependencies are inferred from the claim text.