Variable pricing for and conditional availability of proposals for trading of financial interests
AssigneeBloomberg LP
InventorAndrew Hausman
Life of this patent
Estimating the term…
Abstract
Programs, methods, and systems for variable pricing and conditional availability of proposals for trading of financial interests through the use of reference indices. The invention provides programs, methods, and systems for associating a proposal for a trade in at least one financial interest with at least one other financial interest or index, which may serve as a reference for effecting a condition of the proposal, including for example an availability of terms for the proposal to other traders, the executability of the proposal, etc.
Claims24
A non-transitory computer readable medium or media having programming stored thereon for causing a computer system comprising at least one computer to perform a method comprising:
- the at least one computer receiving terms for a proposed trade of a financial interest, the terms including:
- (a) an identification of the financial interest a user of the system wants to trade;
- (b) at least one reference index that is associated with at least one of (i) a financial interest other than the identified financial interest of the proposed trade and (ii) a financial index that is not priced;
- and (c) at least one reference index limit;
- the at least one computer making the proposed trade available to one or more other users of the system for so long as the proposed trade and the at least one reference index limit maintain a specified relationship.
A computer system for processing data related to trading of financial interests, the system comprising at least one computer programmed to at least:
- receive terms for a proposed trade of a financial interest, the terms including:
- (a) an identification of the financial interest a user of the system wants to trade;
- (b) an identification of at least one reference index that is associated with at least one of (i) a financial interest other than the identified financial interest of the proposed trade, and (ii) a financial index that that is not priced;
- and (c) at least one reference index limit;
- and
- make the proposed trade available to one or more other users of the system for so long as the proposed trade and the at least one reference index limit maintain a specified relationship.
A method for trading of financial interests using at least one computer, the method comprising:
- the at least one computer receiving terms for a proposed trade of a financial interest, the terms including:
- (a) an identification of the financial interest a user of the system wants to trade;
- at least one reference index that is associated with at least one of (i) a financial interest other than the identified financial interest of the proposed trade, and (ii) a financial index that is not priced;
- and (c) at least one reference index limit
- the at least one computer making the proposed trade available to one or more other users of the system for so long as the proposed trade and the at least one reference index limit maintain a specified relationship.
A non-transitory computer readable medium or media having programming stored thereon for causing a computer system comprising at least one computer to perform a method comprising:
- the at least one computer receiving terms for a proposed trade of a financial interest, the terms including (a) an identification of the financial interest a user of the system wants to trade (b) at least one reference index that is associated with at least one of (i) a financial interest other than the identified financial interest of the proposed trade and (ii) a financial index that is not priced;
- and (c) an operator and an operand for determining a price term of the financial interest of the proposed trade from a price parameter of the reference index;
- the at least one computer determining the price term of the financial interest of the proposed trade from the price parameter of the reference index, the operand and the operator, and making the proposed trade available to one or more other users of the system at the determined price term.
A computer system for processing data related to trading of financial interests, the system comprising at least one computer programmed to at least:
- receive terms for a proposed trade of a financial interest, the terms including:
- (a) an identification of the financial interest a user of the system wants to trade;
- (b) an identification of at least one reference index that is associated with at least one of (i) a financial interest other than the identified financial interest of the proposed trade, and (ii) a financial index that that is not priced;
- and (c) an operator and an operand for determining a price term of the financial interest of the proposed trade from a price parameter of the reference index;
- determine the price term of the financial interest of the proposed trade from the price parameter of the reference index, the operand and the operator;
- and
- make the proposed trade available to one or more other users of the system at the determined price term.
A method for trading of financial interests using at least one computer, the method comprising:
- the at least one computer receiving terms for a proposed trade of a financial interest, the terms including:
- (a) an identification of the financial interest a user of the system wants to trade;
- (b) an identification of at least one reference index that is associated with at least one of (i) a financial interest other than the identified financial interest of the proposed trade, and (ii) a financial index that that is not priced;
- and (c) an operator and an operand for determining a price term of the financial interest of the proposed trade from a price parameter of the reference index;
- the at least one computer determining the price term of the financial interest of the proposed trade from the price parameter of the reference index, the operand and the operator;
- and
- the at least one computer making the proposed trade available to one or more other users of the system at the determined price term.
Dependencies are inferred from the claim text.