TRADING OF FINANCIAL INTERESTS INCLUDING REALLOCATION OF COMMITTED ORDER QUANTITY

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20140081823A1
SERIAL NO

14028437

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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Computer systems, methods, and computer program products are provided for facilitating trading of financial interests over computer networks. A computer system may send through the network a first order for a financial interest, where the first order is not presently executable in an execution venue but has associated with it a quantity that can be committed to a possible future trade. On learning of a possible match between the first order and a second order, the computer system may attempt to firm up the first order into a tradable third order, possibly by asking a trader workstation to recall a quantity that was previously committed to a broker for trading. If firming up succeeds, the third order may be transmitted to a venue for execution. Firming up may include receiving from the trader workstation in formation identifying a broker to give up to the venue.

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Patent Owner(s)

Patent OwnerAddress
BLOOMBERG FINANCE L P731 LEXINGTON AVENUE NEW YORK NY 10022

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Phadnis, Kapil Jersey City, US 1 4
Shteingart, Sam New Rochelle, US 4 184

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