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US 7,882,011 B2Granted
Systems and methods of conducting financial transactions
AssigneeIntegral Development Corporation
InventorsHarpal S. Sandhu, Ian Doull, Brian Liedberg
Life of this patent
Estimating the term…
Abstract
Systems and methods of conducting financial transactions are disclosed. One method disclosed comprises receiving prices from a plurality of providers, updating a database of providers based at least in part on the received prices, and arranging the prices in the updated database of providers by arranging bid rates in a first order, arranging offer rates in a second order, and resolving a tie.
Claims2
A computer-implemented method comprising:
- receiving a user-defined preference status for each of a plurality of providers on a computer, the user-defined preference status based on a relative preference of a user for each of the plurality of providers;
- receiving prices from the plurality of providers each of the received prices on the computer comprising a bid rate or an offer rate and further comprising an available volume of a financial instrument associated with each of the received prices;
- generating a first list on the computer of the plurality of providers sorted in ascending order based on the received prices associated with the bid rates;
- identifying from the generated first list a tie on the computer between a first provider associated with a first bid rate and a first user-defined preference status and a second provider associated with a second bid rate and a second user-defined preference status, wherein the first bid rate and the second bid rate are equal, and the first user-defined preference status is greater than the second user-defined preference status;
- sorting the first list on the computer such that the first provider appears before the second provider.
- generating a second list on the computer of the plurality of providers sorted in ascending order based on the received prices associated with the offer rates;
- identifying from the generated second list a tie on the computer between a third provider associated with a first offer rate and a third user-defined preference status and a fourth provider associated with a second offer rate and a fourth user-defined preference status, wherein the first offer rate and the second offer rate are equal, and the third user-defined preference status is greater than the fourth user-defined preference status;
- sorting the second list on the computer such that the third provider appears before the fourth provider;
- causing the first list and the second list to be displayed on a display in communication with the computer.
6 more elements
Dependencies are inferred from the claim text.