ELECTRONIC TRADING SYSTEM HAVING INCREASED LIQUIDITY PROVISION

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20140040103A1
SERIAL NO

14044975

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ATTORNEY / AGENT: (SPONSORED)

Importance

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Abstract

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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.

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Patent Owner(s)

Patent OwnerAddress
CME GROUP INC20 S WACKER DRIVE CHICAGO IL 60606

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Howorka, Edward R Denville, US 52 1638
Jain, Neena South Plainfield, US 29 844
O'Hagan, James A Englishtown, US 6 4
Sinclair, James New York, US 25 372

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