US 8,799,140 B1Granted

Fixed income market model system

AssigneeBloomberg Finance L.P.

InventorsJames Toffee, Frank DiMarco, Stanley Thomas Raatz, William J. Gartland

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Abstract

Methods, systems, and apparatus, including computer programs encoded on a computer storage medium, for facilitating financial interactions relating to fixed income securities. In one aspect, a computer-based method for facilitating a transfer of a fixed income security includes receiving an indication from a computer-based interface device that a initiating party seeks a counterparty for a financial transaction involving the transfer of the fixed income security, accessing data in an electronic database relating to a plurality of potential counterparties for the financial transaction and assigning to one or more of the plurality of potential counterparties an indication as to likelihood that the potential counterparty will engage in the financial transaction. The indication of likelihood that the potential counterparty will engage in the financial transaction is based on the data in the electronic database.

Claims39

Dependent claims

A computer-based method for facilitating a transfer of a fixed income security, the computer-based method comprising:

receiving an indication from a computer-based interface device that an initiating party seeks a counterparty for a financial transaction involving the transfer of the fixed income security;
accessing data in an electronic database relating to a plurality of potential counterparties for the financial transaction;
and
assigning, based on the data in the electronic database, to one or more of the plurality of potential counterparties an indication of likelihood that the potential counterparty will engage in the financial transaction,
wherein assigning the indication of likelihood comprises determining, based on the data in the electronic database, one or more of the following:
to what degree the potential counterparty involved in current bids related to the fixed income security,
to what degree the potential counterparty was involved in past bids related to the fixed income security,
to what degree the potential counterparty was involved in completed transactions related to the fixed income security,
to what degree the potential counterparty has expressed interest related to the fixed income security, and
to what degree the potential counterparty has portfolio holdings related to the fixed income security,
wherein determining to what degree the potential counterparty was involved in past bids related to the fixed income security comprises determining, based on the data in the electronic database, one or more of the following:
to what degree the potential counterparty was involved in past bids for the fixed income security,
to what degree the potential counterparty was involved in past bids for different fixed income securities with the same issuer as the fixed income security,
to what degree the potential counterparty was involved in past bids for different fixed income securities in the same industry as the fixed income security,
to what degree the potential counterparty was involved in past bids for different fixed come securities in the same maturity bracket as the fixed income security,
to what degree the potential counterparty was involved in past bids for different fixed income securities with the same rating as the fixed income security, and
to what degree the potential counterparty was involved in past bids for different fixed income securities with the same yield percentage as the fixed income security.

14 more elements

A computer system to facilitate a financial transaction involving a transfer of a fixed income security, the computer system comprising:

one or more user devices;
and
one or more computers operable to interact via a computer network with the one or more user devices,
wherein the one or more computers comprise:
a sales engine to receive an indication from a first one of the user devices that an initiating party seeks a counterparty for the financial transaction involving the transfer of the fixed income security;
a matching engine to:
access, in an electronic database, data relating to a plurality of potential counterparties for the financial transaction;
and
assign, based on the data in the electronic database, to one or more of the potential counterparties an indication of likelihood that the potential counterparty will engage in the financial transaction,
wherein the matching engine in assigning the indication of likelihood that the potential counterparty will engage in the financial transaction, is configured to determine, based on data in the electronic database, one or more of the following:
to what degree the potential counterparty is involved in current bids related to the fixed income security,
to what degree the potential counterparty was involved in past bids related to the fixed income security,
to what degree the potential counterparty was involved in completed transactions related to the fixed income security,
to what degree the potential counterparty has expressed interest related to the fixed income security, and
to what degree the potential counterparty has portfolio holdings related to the fixed income security,
wherein the matching engine, in determining to what degree the potential counterparty was involved in past bids related to the fixed income security, is configured to determine one or more of the following:
to what degree the potential counterparty was involved past bids for the fixed income security,
to what degree the potential counterparty was involved in past bids for different fixed income securities with the same issuer as the fixed income security,
to what degree the potential counterparty was involved in past bids for different fixed income securities in the same industry as the fixed income security,
to what degree the potential counterparty was involved in past bids for different fixed income securities in the same maturity bracket as the fixed income security,
to what degree the potential counterparty was involved in past bids for different fixed income securities with the same rating as the fixed income security, and
to what degree the potential counterparty was involved in past bids for different fixed income securities with the same yield percentage as the fixed income security.

19 more elements

Dependencies are inferred from the claim text.