Loading patent…
AssigneeEBS Group Limited
InventorsJames Sinclair, James O'Hagan, Edward R. Howorka, Neena Jain
Estimating the term…
An anonymous trading system includes a prime broker facility that allows a third party to trade on behalf of an institution. A deal is executed between the third party and a counter-party and a further deal is then executed between the third party and the party on whose behalf it has traded. The second deal may be for the same amount as the first deal or may be altered to include the third party's fee for conducting the first deal. Clients of the third party have prices available to them for trades made via the third party which are displayed at their trader terminals. The client sees that a better price is available though the third party than by dealing direct and selects to conduct a deal through the third party.
A computerized trading system adapted to receive quotes to buy and/or sell a fungible from multiple trading entities and to execute trades between the trading entities, the computerized trading system comprising a plurality of programmed computers and at least one memory which maintains information concerning which trade entities will trade with other trade entities as a function of whether each trade entity provides credit to other trade entities, the computerized trading system being adapted to:
Dependencies are inferred from the claim text.