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US 7,505,915 B2Granted
Negotiated matching system
AssigneeReuters Limited
InventorsDavid L. Silverman, William L. Donner, Christopher J. Ordish
Life of this patent
Estimating the term…
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AssigneeReuters Limited
InventorsDavid L. Silverman, William L. Donner, Christopher J. Ordish
Estimating the term…
A negotiated matching system includes a plurality of remote terminals associated with respective potential counterparties, a communications network for permitting communication between the remote terminals, and a matching station. Each user enters trading information and ranking information into his or her remote terminal. The matching station then uses the trading and ranking information from each user to identify transactions between counterparties that are mutually acceptable based on the ranking information, thereby matching potential counterparties to a transaction. Once a match occurs, the potential counterparties transmit negotiating messages to negotiate some or all terms of the transaction. Thus, the negotiated matching system first matches potential counterparties who are acceptable to each other based on trading and ranking information, and then enables the two counterparties to negotiate and finalize the terms of a transaction.
A method of conducting a transaction for a trading instrument between counterparties via a negotiated matching system comprising a matching computer and a communication network in communication with the matching computer and in communication with trading terminals, the method comprising:
A negotiated matching system comprising:
A computer readable medium having stored thereon computer-readable instructions for performing steps comprising:
Dependencies are inferred from the claim text.