US 7,765,152 B2Granted

System and method for detecting trading opportunities in financial markets

AssigneeCodestreet, LLC

InventorHoward Pein

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Abstract

A system and method for facilitating trading in financial markets is presented. The system and method provides dealers, salespersons, and traders of securities the ability to anonymously share their own or their client's interest to trade securities, to identify and match potential trading opportunities between the parties, and to automatically notify dealers, salespersons and traders about such potential trading opportunities. The system and method detects a potential trade of a client or dealer, searches a plurality of other dealers and their clients for compatible second potential trades, identifies matching trades between the parties, alerts one or more of the dealers of the matching trades, and facilitates trades between the parties while maintaining their anonymity.

Claims28

Dependent claims

A system for anonymous communications between a first dealer and a second dealer to detect and propose a trade, comprising:

a first dealer subsystem having a first dealer and maintaining first trade information for a plurality of first clients;
a second dealer subsystem having a second dealer and maintaining second trade information for a plurality of second clients;
a means for said first dealer subsystem to communicate with said second dealer subsystem;
a means for identifying a matching trade between a first client of said first dealer subsystem and a second client of said second dealer subsystem while maintaining anonymity of said first dealer and second dealer, wherein said means for identifying said matching trade comprises searches of said first trade information and said second trade information, an analysis of said first client's trading patterns and said second client's trading patterns, and where an actual trading interest in said matching trade is not specifically stated by either or both said first client or said second client, and;
a means for alerting said first dealer about said matching trade while maintaining anonymity of said second dealer and said second client.

2 more elements

A method for communicating anonymously between a first dealer and a second dealer to detect and propose a trade, comprising:

maintaining first trade information by a first dealer for a plurality of first clients, said first dealer having a first dealer subsystem;
maintaining second trade information by a second dealer for a plurality of second clients, said second dealer having a second dealer subsystem;
communicating between said first dealer subsystem and said second dealer subsystem;
identifying a matching trade between a first client of said first dealer subsystem and a second client of said second dealer subsystem while maintaining anonymity of said first dealer and said second dealer, wherein identifying said matching trade comprises searching said first trade information and said second trade information, and analyzing said first client's trading patterns and said second client's trading patterns, and where an actual trading interest in said trading match is not specifically stated by either or both said first client or said second client;
and
alerting said first dealer about said matching trade while maintaining anonymity of said second dealer and said second client.

3 more elements

Dependencies are inferred from the claim text.

Facts

Application: 11/773,296Filed 3 Jul 2007 · us provisional application
Priority: 20 Nov 2006
Published: US 2008/0120220 A122 May 2008
Granted: 27 Jul 2010
Term ends: Not estimatedThe source records don’t support an estimate.

Classification5 codes

G06Q 40/04
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: trading; Exchange, e.g. stocks, commodities, derivatives or currency…
G06Q 40/00
Finance
G06Q 40/03
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: credit; Loans; Processing thereof
G06Q 40/06
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: asset management; Financial planning or analysis

Family

Application60/860,241Us provisional application · filed 20 Nov 2006
Application60/892,322Us provisional application · filed 1 Mar 2007
US 2008/0120220 A1Pre-grant publication · published 22 May 2008
US 7,765,152 B2This patent

From the US filing history. Foreign family members aren’t listed.

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