Large block trading
AssigneeCfph, LLC
InventorsHoward W. Lutnick, Dean P. Alderucci, Mark Miller, Andrew Fishkind, Kevin Foley, William Rice, Brian L. Gay, Philip Marber, Charles Plott
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AssigneeCfph, LLC
InventorsHoward W. Lutnick, Dean P. Alderucci, Mark Miller, Andrew Fishkind, Kevin Foley, William Rice, Brian L. Gay, Philip Marber, Charles Plott
Estimating the term…
Systems and methods for administering trade orders are described. An embodiment comprises receiving, from a first server operated by a first trader, a communication including a first trade order and one or more selection criteria, the first trade order including at least one of a specified instrument, a specified quantity, and a specified price; determining that a database of trade orders does not contain a trade order matching the first trade order; identifying a plurality of traders satisfying the selection criteria; sending, to a plurality of second servers, a query including at least one of the specified instrument, the specified quantity, and the specified price; receiving, from a one of the plurality of second servers operated on behalf of a second trader, a positive response to the query; and facilitating execution of a trade between the first trader and the second trader for the specified instrument at the specified price.
A method comprising:
Dependencies are inferred from the claim text.