Computer system for evaluating fixed income trade opportunities
AssigneeThe Municenter
InventorThomas S. Vales
Life of this patent
Estimating the term…
Abstract
Systems and methods embodying the present invention permit a trader of securities such as municipal bonds to observe real-time data relating to actual or prospective trades of relevance to a contemplated trade, while excluding those actual or prospective trades that are insufficiently relevant. The trader, or other user, can specify filtering criteria according to which actual or prospective trade data will be collected and presented. The retrieval and presentation of matching data permits an informed yet rapid determination of a price, or other information, for a particular municipal bond or analogous security.
Claims19
A computer-implemented system for assisting in the trading of municipal bonds comprising:
- a central processor unit for receiving municipal bond trade data relating to municipal bond offers, bids, bids wanted and trades;
- a filter subsystem in communication with the central processor unit for defining a filter for a prospective trade of a municipal bond, the filter including event characteristics relevant to the municipal bond of the prospective trade;
- and
- an event subsystem in communication with the central processor unit for applying the filter to the received municipal bond trade data to identify events involving municipal bonds other than the municipal bond of the prospective trade and having the characteristics,
- wherein the identified events having the characteristics can be made available on an interface displaying real-time market content relevant to the prospective trade for use in the trading of municipal bonds.
A computer-implemented system for providing data related to municipal bonds comprising:
- a data communication server for receiving data related to municipal bonds from at least one data or news provider;
- a central processing unit for receiving municipal bond data from the data communication server and for providing at least a portion of the received municipal bond data to a user, the central processing unit comprising:
- a filter subsystem for allowing a user to configure a filter to receive municipal bond data related only to a prospective trade of a municipal bond, the filter including event characteristics relevant to the municipal bond of the prospective trade;
- and
- an event subsystem for monitoring the municipal bond data received and applying the filter to the municipal bond data received to identify events involving municipal bonds other than the municipal bond of the prospective trade having the characteristics,
- wherein the central processing unit provides filtered municipal bond data to the user;
- and
- an interface for displaying real-time market content relevant to the municipal bond data.
Dependencies are inferred from the claim text.