Method for executing block orders of commodities
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United States of America Patent
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N/A
Issued Date -
Dec 8, 2005
app pub date -
Jun 8, 2004
filing date -
Jun 8, 2004
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
According to one exemplary embodiment of the present invention, a computerized method for routing orders relating to a commodity block trade is provided. The computerized method for routing orders relating to a commodity block trade includes a process for receiving a block trade for X amount of a commodity, and dividing the block trade into n equal orders. Pursuant to a feature of the present invention, each order is for an amount equal to 1/n times X, where n is a number of liquidity providers for the commodity. N liquidity providers are provided, and the n orders are distributed, one to each of the n liquidity providers. Moreover, information regarding the block order, including the amount X, is distributed to each of the n liquidity providers.
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