Fixed-income system for managing pre-trade activity
AssigneeCodestreet, LLC
InventorsEdward Guttman, Mark Pollack, Jim Perrello, Jawaid Hakim, Robert Hector, Howard Pein
Life of this patent
Estimating the term…
Abstract
Methods and apparatus, including computer program products, for managing pre-trade activity. In general, a distribution of information about what traders and customers want to do may be known. Users may be made aware of trade ideas that can be proposed to a trading desk's buy-side clients. Relevant information on the trading desk may be brought together, and the information may be processed through a set of rules that extract trading opportunities. On the buy side, trade ideas may be extracted without having to have the intervention of a sell-side salesforce.
Claims17
A computer-implemented method comprising:
- receiving data characterizing an indication of consummation of a trade of a bond from an emissary of a server application;
- determining an interest of a customer to perform a second trade of a second bond related to the bond and based at least in part on the indication of the consummation and portfolio positions of the customer;
- generating a notification to a client application of a client tier, wherein the notification is indicative of the interest;
- receiving a request to generate an axe indicating a desire of the customer to buy or sell the second bond according to a set of criteria;
- receiving data characterizing a request to publish the axe from the emissary;
- and
- sending data characterizing an axe match, the axe match representing the intersection of the customer's axe with another customer's holdings or expressed interest.
A computer program product, tangibly embodied on a computer-readable medium, the product comprising instructions to cause a data processing apparatus to perform operations comprising:
- receiving data characterizing an indication of consummation of a trade of a bond from an emissary of a server application;
- determining an interest of a customer to perform a second trade of a second bond related to the bond and based at least in part on the indication of the consummation of the trade and portfolio positions of the customer;
- generating a notification to a client application of a client tier, wherein the notification is indicative of the interest;
- receiving a request to generate an axe indicating a desire of the customer to buy or sell the second bond according to a set of criteria;
- receiving data characterizing a request to publish the axe from the emissary;
- and sending data characterizing an axe match, the axe match representing the intersection of the customer's axe with another customer's holdings or expressed interest.
A computer-implemented method comprising:
- receiving data indicating a consummation of a trade of a first bond;
- processing the data utilizing a processor, wherein the processing is with respect to historical data associated with a customer to identify trading ideas for the customer,
- wherein the historical data comprises positions of the customer;
- presenting the trading ideas to a user;
- identifying a suggested trading idea selected from the trading ideas relevant to the customer, where the step of identifying is the intersection of a set of criteria with historical data;
- generating an axe in response to an indication of a desire of the customer to buy or sell a second bond according to the set of criteria;
- and
- performing an axe match between the axe and another customer's holdings or expressed interest.
Dependencies are inferred from the claim text.