Entries |
Document | Title | Date |
20080201251 | WEBSITE EXCHANGE BASED ON TRADERS BUYING AND SELLING FICTITIOUS SHARES OF WEBSITES BASED UPON ANTICIPATED RETURNS OF WEBSITES - A method for generating data related to a plurality of websites by facilitating the exchange of fictitious shares of the plurality of websites, the method comprising the steps of: correlating a predetermined number of fictitious shares to each website; setting a market price for the fictitious shares of each website; generating an electronic currency; receiving requests to execute orders related to the fictitious shares of the websites in connection with the electronic currency; adjusting the market price of the fictitious shares of the respective websites to reflect a current market price based on the requests to execute orders; generating market data related to the market price of the fictitious shares of the respective websites and ranking the plurality of websites based on the market data. There is also provided a system for generating website-related data in connection with an exchange of fictitious shares of a plurality of websites. | 08-21-2008 |
20080201252 | Internet-based auction and networking method - An internet-based auction and network method to create a network for all services needed and service providers. It allows service providers to create their own network page about their company, with pictures of past jobs, contact information, background of their company recommendations they have for other service providers as well as comments from past customers. One key element to the site is a real time auction where anyone who needs work done is able to create an auction in their category and have service providers bid using an underbidding with an offer connected method to allow for the lowest monetary price connected to the best offer example-bid-$2500-offer-finish in four days. The host of the auction has the option to end the auction at any time before its timed finish. The site will have a full directory of all service providers to allow for direct contact between service providers and customers needing a service performed. Another feature available to the service providers is a full database of suppliers, where the service providers will place supplies up for auction using the underbidding with offer connected method to | 08-21-2008 |
20080201253 | Method and system for managing computing resources using an electronic auction agent - A method for managing computing resources involves obtaining, by an electronic auction agent, a request to auction access to one or more computing resources, and auctioning, by the electronic auction agent, access to the computing resource(s) based on the request. | 08-21-2008 |
20080201254 | Method and system for computer-implemented procurement from pre-qualified suppliers - In preferred embodiments, a supplier enablement method including the steps of identifying and assessing capabilities of potential suppliers; engaging (pre-qualifying) selected potential suppliers; and enabling automated transactions (e.g., purchase orders and billing) between a buyer and each engaged supplier. Preferred embodiments of the method implement supplier enablement in three phases: supplier selection by a buyer; activation of each selected supplier; and management of relationships between the buyer and each selected supplier. Preferably, each phase has three subphases: the supplier selection phase includes identification of potential suppliers; assessment of their capabilities; and engagement of selected potential suppliers; the activation phase includes registration of each engaged supplier; content provision; and enablement of transaction business documents (e.g., purchase orders) for use by each buyer and engaged supplier; and the management phase includes collaboration operations, compliance operations, and improvement operations. Other aspects are processors programmed to perform one or more individual steps of any embodiment of the method, and computer readable media which store code for implementing any embodiment of the method. | 08-21-2008 |
20080201255 | FACILITATING CREATION AND SALE OF CARBON CREDITS - A system for facilitating creation and sale of carbon credits. A computer receives data pertaining to a plurality of credit creators and enrolls a plurality of potential and/or actual credits in the system based on the received data. After the enrolling of a credit, the system tracks a plurality of statuses for the enrolled credit, until after the enrolled credit has been sold. The system gathers data relevant to actualization of a potential credit and verifies whether the potential credit has become an actual credit. Access to the tracked statuses for a given credit may be provided to a creator of the credit, an aggregator of the credit, and an exchange. | 08-21-2008 |
20080201256 | ON-LINE AUCTION PLATFORM OF CAPITAL POOL - A method for on-line auction includes providing an on-line auction platform of capital pool (OLAPCP), proceeding with an on-line auction for a type1 member in an auction transaction pool of the OLAPCP according to the type1 member's credit amount, and proceeding with the on-line auction for a type2 member in the auction transaction pool of the OLAPCP. The credit amount of the type1 member is determined by performing a credit check on the type1 member through a financial institution cooperating with the OLAPCP. Membership for type type1 members is granted via a financial institution cooperating with the OLAPCP, and the type1 member processes the settlement and liquidation indirectly with the financial institution. Membership for type2 members is granted via the OLAPCP, and the type2 member processes a settlement and liquidation directly via the OLAPCP. | 08-21-2008 |
20080208728 | Fractional Forward Contracts - A financial instrument, called a fractional forward contract, and a way of using it to apportion risk between parties ( | 08-28-2008 |
20080208729 | METHODS AND SYSTEMS FOR MEASURING COMPARATIVE DATA - Methods and corresponding system are provided herewith that, in at least one embodiment, include the act or acts of determining a first instance in which a first request is received by an exchange; determining a second instance in which a second request is received by the exchange, in which the second request defines a request to cancel the first request; determining a third instance in which a third request is received by the exchange, in which the third request corresponds to the first request; calculating a first difference between the second instance and the third instances; storing the first difference to a data storage, in which the data storage comprises a plurality of differences; and analyzing the plurality of differences to generate comparative information. | 08-28-2008 |
20080208730 | Wave volatility measuring method - A method for detecting wave volatility involves an objective definition for trend development. A new labeling scheme for monitoring price movements in the market categorizes development and degree of trend automatically. A means for detecting degree of trend involves a novel use of a mathematical equation for detecting trend development by detecting distance retraces a portion of its peak to trough movement. | 08-28-2008 |
20080208731 | Methods and computer program products for auctioning on-line advertisements based on Internet search term query origination location - In some methods for auctioning on-line advertisement placement services, an on-line advertisement placement service is offered based on at least one search term and based on at least one geographic area where the at least one search term will originate. Monetary bids are received from entities responsive to the offer of on-line advertisement placement service. In response to the monetary bids, the on-line advertisement placement service for the at least one search term originating from the at least one geographic area is awarded to a selected one or more of the entities. | 08-28-2008 |
20080208732 | Fixed-Income System For Managing Pre-Trade Activity - Methods and apparatus, including computer program products, for managing pre-trade activity. In general, a distribution of information about what traders and customers want to do may be known. Users may be made aware of trade ideas that can be proposed to a trading desk's buy-side clients. Relevant information on the trading desk may be brought together, and the information may be processed through a set of rules that extract trading opportunities. On the buy side, trade ideas may be extracted without having to have the intervention of a sell-side salesforce. | 08-28-2008 |
20080208733 | System and method for auctioning services over an information exchange network - The present invention is directed to an improved system and method for auctioning services, which overcomes some of the drawbacks in the prior art systems and methods. In accordance with one aspect of the present invention, buyers request and specify at the start of the auction the number of lowest bids the buyers would like to see. By requesting to see more bids, the buyers would have greater opportunity to evaluate service providers based on factors other than price, thereby encouraging less price competition among providers. By requesting to see fewer bids, the buyers would have less opportunity to evaluate service providers based on factors other than price, thereby encouraging fierce price competition. The number of bids requested by the Buyer is made known to the bidders. The net effect is that the buyers can control the price/quality tradeoff at the onset of the auction process, and encourage the bidders to provide their lowest bids when pricing is important. This lets the buyers make their final decision based on factors in addition to price, at the lowest price possible. | 08-28-2008 |
20080208734 | Automated Trading Exchange System Having Integrated Quote Risk Monitoring And Integrated Quote Modification Services - An automated trading exchange having integrated quote risk monitoring and quote modification services. An apparatus is implemented using at least one computer, having memory, and a processor. The computer is configured to receive orders and quotes, wherein specified ones of the quotes are contained in a quote group, and have associated trading parameters such as a risk threshold. Not all received quotes are required to have trading parameters as described herein. Preferably, the quote group contains all the quotes, or a subset of quotes, belonging to an individual market-maker for a given class of options contracts, or possibly the quotes of two or more market-makers that have identified themselves as belonging to a group for the purposes of risk monitoring and quote modification. The computer typically generates a trade by matching the received orders and quotes to previously received orders and quotes, and otherwise stores each of the received orders and quotes if a trade is not generated. The computer then determines whether a quote within the quote group has been filled as a result of the generated trade, and if so, determines a risk level and an aggregate risk level associated with said trade. The computer then compares the aggregate risk level with the market-maker's risk threshold, and if the threshold is exceeded, automatically modifies at least one of the remaining quotes in the quote group. The computer may also automatically regenerate quotes that have been filled. | 08-28-2008 |
20080215473 | Method for Positively Identifying Livestock and Use Thereof In Legal Instruments Relating Thereto - The present invention comprises a method for identifying individual animals, and for using such identification in the creation of a secured interest therein. It relies on a unique and immutable characteristic of each animal, together with a system for representing such characteristic by a symbolic indicator. The symbolic indicator is used in instruments that create or relate to an interest in the animal, to facilitate subsequent identification of the animal, and execution of the secured interest by the secured creditor and search of recorded interests by third parties. | 09-04-2008 |
20080215474 | Systems and methods for management of intangible assets - Systems and methods for management of intangible assets are provided that allow effective management of intangible assets. The intangible asset management system and method include a computer based intangible asset management system for storing, managing, disseminating and sharing intangible asset information of an entity among users, the system comprising: a user interface that displays options for a user to enter, view, and edit some or all of the intangible asset information from one or more modules; a database coupled to the user interface for storing the intangible asset information and a processor coupled to the user interface and the database, the processor to: receive intangible asset information from the user; process and organize the intangible asset information into at least one module; store the intangible asset information in the database by module; update the database with any new intangible asset information received from the user; and provide the updated intangible asset information in response to an inquiry from a second user. | 09-04-2008 |
20080215475 | EXCLUSIVITY BIDDING FOR MOBILE SPONSORED CONTENT - In embodiments, the present invention provides a method and system for receiving a bid for an exclusive sponsored content item to be presented on a mobile communication facility, the bid including an amount and at least one exclusivity characteristic relating to a mobile subscriber characteristic and matching the at least one exclusivity characteristic with the exclusive sponsored content item based at least in part on a relevancy for presentation to a mobile communication facility. | 09-04-2008 |
20080215476 | ANONYMOUS BIDDING SYSTEM - An anonymous bidding system that allows bidders to participate in a live auction by placing bids for items, but that does not disclose the identify of the bidding parties. Bidding participants may utilize a bidding device, such as a handheld device, to receive information regarding the auction. This information can include a description of the item up for auction, the asking price, and the current high bidder. By actuating the bidding device, a signal is sent to the bidding system to indicate that a bid request is being submitted. The bid request includes a bidder identifier that is unique to the bidding party, but that does not disclose the identify of the bidding party to others in the audience. Thus, the parties can participate in the live auction without drawing attention to their participation. | 09-04-2008 |
20080215477 | System for trading commodities and the like - The present invention provides a system for trading commodities and the like. A computer, a communications link between the computer and the Internet, and a database, accessible by the computer are provided. The database includes a plurality of user files. Each of the user files corresponds to a specified user of the system. Each of the user files contains exchange permissions corresponding to exchanges to which the specified user may access. At least one computerized exchange transacts specified commodities executing on the computer accessible by selected users having proper exchange permissions for each exchange. A display is provided for pooling liquidity that permits users to post and view bids and offers and negotiate and consummate transactions on common commodities from one or more groups or exchanges. By such liquidity pooling, the liquidity of transactions of commodities between various exchanges and users is improved. | 09-04-2008 |
20080215478 | SYSTEMS AND METHODS FOR PROVIDING FINANCIAL INSTRUMENTS INCLUDING CONTRARY POSITIONS - A market for trading hedged instruments is provided. The market includes at least one hedged instrument having a value based at least on a first position on at least a first tradable instrument and a second position on at least a second tradable instrument. The second position is contrary to the first position. | 09-04-2008 |
20080222019 | SYSTEM AND METHOD FOR SPECTRUM MANAGEMENT - Transferring spectrum use rights may include ascertaining information regarding available spectrum for use in wireless communications. A request for spectrum use from a spectrum user system may be matched with available spectrum. A spectrum certificate may be issued to the spectrum user system, where the spectrum certificate contains at least one spectrum-related variable under which the spectrum user system is to engage in wireless communications. | 09-11-2008 |
20080222020 | SYSTEM AND METHOD FOR IDENTIFYING SPECTRUM WITH TRANSFERABLE ACCESS RIGHTS - Transferring spectrum use rights may include ascertaining information regarding available spectrum for use in wireless communications. A request for spectrum use from a spectrum user system may be matched with available spectrum. A spectrum certificate may be issued to the spectrum user system, where the spectrum certificate contains at least one spectrum-related variable under which the spectrum user system is to engage in wireless communications. | 09-11-2008 |
20080222021 | SPECTRUM MANAGEMENT SYSTEM - Transferring spectrum use rights may include ascertaining information regarding available spectrum for use in wireless communications. A request for spectrum use from a spectrum user system may be matched with available spectrum. A spectrum certificate may be issued to the spectrum user system, where the spectrum certificate contains at least one spectrum-related variable under which the spectrum user system is to engage in wireless communications. | 09-11-2008 |
20080222022 | Pair trading system and method - A method is provided for fulfilling a pair trade request and includes the steps of receiving a plurality of pair trade requests; executing a transaction for a first portion of one of the plurality of pair trade requests and matching a second portion of the one of the plurality of pair trade requests against another of the plurality of pair trade requests. | 09-11-2008 |
20080222023 | Internet-Based System for Auctioning Securities - A method of auctioning exchange traded assets is described. Before commencing the auction bidding, the seller establishes a maximum asset amount representing a greatest amount of the exchange traded assets to be auctioned, and a minimum asset price representing a minimum acceptable bid amount for a given amount of the exchange traded assets. During the bidding, bids are received for the assets, with each bid including a bid price and a corresponding bid amount of assets. After the bidding, a market demand is determined that represents the total of all the bid amounts for the bids. If the market demand is greater than or equal to the maximum asset amount, a clearing price is established that allocates the maximum asset amount of the assets according to the bids at a final price between and including the clearing price and the minimum asset price. Otherwise, if the market demand is less than the maximum asset amount, the market demand amount of the assets according to the bids at a final price equal to the minimum asset price. | 09-11-2008 |
20080222024 | AUTOMATICALLY DISTRIBUTING A BID REQUEST FOR A GRID JOB TO MULTIPLE GRID PROVIDERS AND ANALYZING RESPONSES TO SELECT A WINNING GRID PROVIDER - A method, system, and program for automatically distributing a bid request for a grid job to multiple grid providers and analyzing responses to select a winning grid provider are provided. A user at a grid client enters at least one bid criteria for a particular grid job intended for submission to an external grid environment. The grid client automatically selects at least one grid provider for the external grid environment to query for availability to process the particular grid job to meet the criteria for the particular grid job. Then, the grid client automatically distributes the criteria in a bid request for the particular grid job to the selected grid providers. The grid client stores bid responses received from the grid providers, and responsive to reaching a deadline for return of responses for the bid request, the grid client selects a winning bid response from the particular grid job from among the received responses. Then, the grid client automatically distributes the particular grid job from the grid client system to the grid provider submitting the winning bid response. | 09-11-2008 |
20080222025 | AUTOMATICALLY DISTRIBUTING A BID REQUEST FOR A GRID JOB TO MULTIPLE GRID PROVIDERS AND ANALYZING RESPONSES TO SELECT A WINNING GRID PROVIDER - A method, system, and program for automatically distributing a bid request for a grid job to multiple grid providers and analyzing responses to select a winning grid provider are provided. A user at a grid client enters at least one bid criteria for a particular grid job intended for submission to an external grid environment. The grid client automatically selects at least one grid provider for the external grid environment to query for availability to process the particular grid job to meet the criteria for the particular grid job. Then, the grid client automatically distributes the criteria in a bid request for the particular grid job to the selected grid providers. The grid client stores bid responses received from the grid providers, and responsive to reaching a deadline for return of responses for the bid request, the grid client selects a winning bid response from the particular grid job from among the received responses. Then, the grid client automatically distributes the particular grid job from the grid client system to the grid provider submitting the winning bid response. | 09-11-2008 |
20080228616 | System And Method For Providing An Operator Interface For A Radar Display Of Market Data - A system for providing an operator interface having a radar display comprises a memory and a processor. The memory stores trader designated requirements. The processor generates a radar display comprising a trader requirements block that corresponds to the trader designated requirements. The processor receives market data and performs the following for each trader designated requirement: determines a probability of the market data satisfying a trader designated requirement, and displays a market data circle on the radar display, where a distance between the market data circle and the trader requirements block indicates the probability. | 09-18-2008 |
20080228617 | System and Method for Error Detection and Recovery in an Electronic Trading System - A system for error detection in a trading network comprises a memory operable to store a plurality of trader profiles, wherein a particular trader profile is associated with a particular trader. The particular trader profile comprises first contact data associated with a first client device and second contact data associated with a second client device. The memory is further operable to store at least one trading order associated with the particular trader. The system further comprises a processor communicatively coupled to the memory and operable to detect an alert associated with the first client device. In conjunction with detecting the alert, the processor is operable to determine a current status of the at least one trading order and to generate a status message regarding the determined status. The processor is further operable to transmit the status message to the second client device, wherein the transmission is based at least in part on the second contact data. | 09-18-2008 |
20080228618 | System And Method For Providing An Operator Interface For Displaying Market Data, Trader Options, And Trader Input - A system for providing an operator interface for displaying market data, trader options, and trader input includes a memory and a processor. The memory stores market data for a trading product, where the market data includes an inside market price for the trading product. The processor initiates display of a market data section of a tile, where the market data section comprises the market data. The processor initiates display of a trader input section of the tile, where the trader input section comprises options. The processor receives a selection of a bid-offer pair for the trading product from the options, and updates the trader input section to indicate the selected bid-offer pair. | 09-18-2008 |
20080228619 | APPARATUS, SYSTEM, AND METHOD FOR ALLOCATING SERVICE REQUESTS - An apparatus, system, and method are disclosed for allocating service requests. A category module categorizes a service request for an information technology support service with a service category. The service request comprises a service requirement. An I/O module communicates the service request to a plurality of providers that are certified to provide the service category and receives bids from the providers. A selection module selects a bid according to a selection policy. A history module may store a history of bid prices and response times. | 09-18-2008 |
20080228620 | System And Method For Transfer Of Confirmation Data In A Distributed Electronic Trading System - According to one embodiment, a system for confirmation data transfer in a distributed trading network includes a memory and an account manager. The memory stores a confirmation address associated with a trading account. The account manager receives a trading order associated with the trading account and sends a confirmation message to the confirmation address, where the confirmation message indicates that the trading order has been received. The account manager receives a manage account request generated in response to the confirmation message, where the manage account request requests performance of a management operation on the trading account, and perform the management operation on the trading account. | 09-18-2008 |
20080228621 | System And Method For Transfer Of Dispute Data In A Distributed Electronic Trading System - A system for dispute data transfer in a distributed trading network includes a memory and a dispute manager. The memory stores information about a trading order associated with a client system. The dispute manager communicates a confirmation message to the client system, where the confirmation message provides an option to send a trading order dispute request that disputes processing of the trading order. The dispute manager receives a trading order dispute request generated in response to a selection of the option. The dispute manager obtains a decision that responds to the trading order dispute request and communicates the decision to the client system. | 09-18-2008 |
20080228622 | Reserve order in an electronic guaranteed entitlement environment - An enhanced system and method for handling, matching and executing reserve orders in an electronic options environment is disclosed. Market maker entitlements are integrated with the reserve order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when a marketable reserve order is received. Once posted to the order book, only the displayed size of a reserve order is eligible for preferential execution in a market maker entitlement process. | 09-18-2008 |
20080228623 | Discretionary order in an electronic guaranteed entitlement environment - An enhanced system and method for handling, matching and executing discretionary orders in an electronic options environment is disclosed. Market maker entitlements are integrated with the discretionary order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when an incoming discretionary order priced at or better than the NBBO is received. If the incoming discretionary order cannot execute at the NBBO using its display price, then it will use as much discretion as is required to participate in a market maker entitlement if the market maker is quoting at the NBBO, and to execute against the order book and route to away markets quotations at the NBBO. Once posted to the order book, only the display price of a discretionary order is eligible for preferential execution in a market maker entitlement process. | 09-18-2008 |
20080228624 | INTERACTIVE ONLINE FUNDING METHOD AND SYSTEM THEREOF - An interactive online funding method includes providing an interactive online funding platform, offering an interactive funding activity for a user to participate in the interactive online funding platform, by placing a bid, and comparing the bid price of the user with a threshold price set by the interactive online funding platform. When the bid price is greater than or equal to the threshold price, the method further includes utilizing the interactive online funding platform to perform settlement and liquidation to remit a loan amount to the user according to at least the bid price; when the bid price is lower than the threshold price, the method further includes utilizing the interactive online funding platform to perform settlement and liquidation to receive a deposit amount from the user according to the bid price. | 09-18-2008 |
20080228625 | PARTNER RELATIONSHIP MANAGEMENT SYSTEM - A Partner Relationship Management System (“PRMS”) accessible for sellers and buyers located remotely, whereby the buyers' access privileges are based on their relationship with the sellers. The PRMS comprising a server connected to the Internet and a pricing configurator which includes at least, a buyer profile module residing on the server and storing information on a plurality of buyers, logistics data and a price converter. The information on each buyer includes at least a delivery destination, and a pricing factor. The pricing factor is unique to each buyer. The pricing configurator converts an origin offer price, such as a free-on-board price, to a delivered price, such as a cost-insurance-freight price by considering the information of the buyer profiles and the logistics data. | 09-18-2008 |
20080228626 | Auctions For Health Care Providers - In one aspect, there is provided a computer-implemented method. The method may include providing user interfaces to enable an auction between a provider of health care and an employer. A first auction may be initiated by a user interface associated with a provider of health care. The first auction may be initiated when profile information of the provider is received. A second auction may be initiated by a user interface associated with the employer, when the employer seeks a placement of the provider. The user interface associated with the employer may be used to make bids on at least one of the first auction and the second auction. Related systems, apparatus, methods, and/or articles are also described. | 09-18-2008 |
20080228627 | ELECTRONIC BARTERING SYSTEM - A computer system facilitates buying and selling securities. The computer system comprises a trading system for receiving and storing a plurality of portfolios. Each portfolio is associated with a respective trader. The computer system further comprises a plurality of client computers interfaced with the trading system. The trading system discovers a potential order match among the plurality of portfolios. The order match identifies a first trader, a security to trade and a condition for trading the security. The trading system determines a real time value associated with the order match, and the trading system notifies the first trader of the order match via one of the plurality of client computers. | 09-18-2008 |
20080228628 | REGISTRATION METHOD AND SYSTEM FOR AN ENVIRONMENTAL COMMODITIES EXCHANGE - Some embodiments provide a method of registering various types of environmental conservation items such as products, projects, or technologies with sets of environmental conservation properties through an electronic interface. In some embodiments, the electronic interface allows registrants the ability to register an environmental conservation item using only a minimal set of identification data, where the identification data includes at least one parameter for identifying the item. The electronic interface facilitates the registration of the item by associating the set of environmental conservation properties to the item. | 09-18-2008 |
20080228629 | SYSTEM AND METHOD FOR VALUATING ITEMS AS TRADABLE ENVIRONMENTAL COMMODITIES - Some embodiments qualify an item and a protocol associated with the item by determining an amount of environmental conservation that is related to the actual use or implementation of the item by a registrant. Some embodiments quantify the environmental conservation of an item by determining an amount of emissions reduction, energy savings, hazardous wastes or materials that are properly disposed of, or generated renewable energy associated from the qualified environmental conservation of the item. Some embodiments then valuate the quantified environmental conservation to issue a tradable credit. | 09-18-2008 |
20080228630 | SYSTEM AND METHOD FOR VALUATING ITEMS AS TRADABLE ENVIRONMENTAL COMMODITIES - Some embodiments qualify an item and a protocol associated with the item by determining an amount of environmental conservation that is related to the actual use or implementation of the item by a registrant. Some embodiments quantify the environmental conservation of an item by determining an amount of emissions reduction, energy savings, hazardous wastes or materials that are properly disposed of, or generated renewable energy associated from the qualified environmental conservation of the item. Some embodiments then valuate the quantified environmental conservation to issue a tradable credit. | 09-18-2008 |
20080228631 | BUNDLING METHOD AND SYSTEM FOR CREDITS OF AN ENVIRONMENTAL COMMODITIES EXCHANGE - Some embodiments perform buyer bundling to permit a buyer the ability to purchase only a portion or percentage of a credit by bundling several buyers into “buyer blocks”. Each buyer within a buyer block desires to offset its polluting activities, where the polluting activities of each buyer equates to only a fraction of the total pollution offsetting afforded by a single credit. In some such embodiments, the aggregate of all buyers in the buyer block exhausts the full pollution offsetting potential of the credit. Moreover, the cost for purchasing the credit is distributed amongst the buyers of the buyer block in proportion to their desired participation in the purchase of the credit. | 09-18-2008 |
20080228632 | TRADING METHOD AND SYSTEM FOR AN ENVIRONMENTAL COMMODITIES EXCHANGE - Some embodiments provide a method of registering various types of environmental conservation items such as products, projects, or technologies with sets of environmental conservation properties through an electronic interface. In some embodiments, the electronic interface allows registrants the ability to register an environmental conservation item using only a minimal set of identification data, where the identification data includes at least one parameter for identifying the item. The electronic interface facilitates the registration of the item by associating the set of environmental conservation properties to the item. | 09-18-2008 |
20080228633 | Trading system and methods - The present invention is directed to a system and method that facilitates the more fully informed and efficient trading of items of value, including securities. According to the present invention, certain embodiments permit a customer to determine the merits of and to execute a trade from a single screen. One embodiment of the present invention provides a single option chain trading screen enabling a customer to view a matrix of all available options for a given security, including the various strike prices, expiration dates, and whether they are calls or puts. Another embodiment provides a customer with a single option chain trading screen allowing a customer to “hover” at or near various icons to obtain supplemental information without leaving the trading screen, and use a triple-action selection component to ultimately execute a trade. | 09-18-2008 |
20080235125 | DYNAMIC PROPERTY BUYING AND SELLING SYSTEM - A Dynamic property buying and selling system is described. The system is comprised of networked hardware, software, processes and methods that enable an auction like system to inform buyers, sellers and interested third parties of current market information and dynamics. The described system may be used in real estate and other markets to complete early stages of a negotiation process as well as enable buyers and sellers to test for market information. Third party observers may use the system to investigate and report on market information and test economic theories regarding the market of interest. An integrated expert system is useful to buyers, sellers and third party observers in providing answers to queries regarding correlation of auction parameters and optimization of parameters for particular desired outcomes. Controls are integrated into the system to help ensure reliability and accuracy of the results and information by blocking observed detrimental activity. | 09-25-2008 |
20080235126 | SHARED ONLINE AUCTION PROVISIONING - A solution for conducting an auction, such as an online auction, is provided, which includes provisions for sharing with bidders a portion of a bid. A method for conducting the auction includes identifying an item for auction; receiving a first bid for the item placed at a first time; receiving a second bid for the item placed at a second time, wherein the second bid exceeds the first bid by a bid increment and the second time is different than the first time by a time increment; and assigning a portion of the second bid for distribution to at least one participant of the auction. In various embodiments, the portion may be assigned to all bidders, the winning bidders, only the non-winning bidders, and/or the like. The distribution of the portion may be time and/or bid amount related. | 09-25-2008 |
20080235127 | PARTICIPATION SYSTEMS AND METHODS - Techniques, including computer-implemented methods, systems, and apparatus, for establishing a contractual relationship between two parties based on a segregated contract participation unit. The techniques include offering to a set of potential investors, on an electronic exchange, a segregated contract participation unit to purchase an economic participatory interest associated with a specific aspect of an issuer operation, and upon purchase of the segregated contract participation unit by a specific investor of the set of potential investors, establishing a contractual relationship between the issuer and the specific investor that binds the issuer to execute a set of obligations according to terms specified in the segregated contract participation unit. | 09-25-2008 |
20080235128 | SYSTEMS, METHODS, AND COMPUTER PROGRAM PRODUCTS FOR INTEGRATING EXECUTION PLATFORMS WITH ORDER MANAGEMENT SYSTEMS - Systems, methods, and computer program products are provided for integrating an order management system with execution facilities. According to the invention, at least one trade in an order management system (OMS) is selected to be or otherwise made available to be worked in an execution platform (EP). Order information in the OMS, corresponding to the at least one trade, is sent from the OMS to the EP without committing the underlying shares for the trade. It is determined if the EP is attempting to generate, or has generated, an executable trade order corresponding to the order information received from the OMS. If the determining step is positive, the shares corresponding to the executable order are committed in the OMS | 09-25-2008 |
20080235129 | Educational Tuition Securities System - An educational tuition securities system is provided. An educational institution can securitize tuition or course credits into tuition shares. Tuition shares in an educational institution can be purchased for a student and redeemed for payment of tuition credits or education costs at the educational institution. Tuition shares for an educational institution can be traded for tuition shares of another institution. Redeemed tuition shares can be used to pay for undergraduate and graduate education costs, or could be redeemed for cash. The invention provides a mechanism for paying future education costs, as well as for investing in educational institutions. | 09-25-2008 |
20080243666 | Transaction Management System and Method - A transaction management system manages the purchase of products and/or services by buyers from sellers, the system comprising: a data store for storing seller data. Said data comprises, for each of a plurality of sellers, a seller identifier and seller offer data indicating at least one product or service offered for sale; a program store storing processor implementable instructions; and a processor coupled to the data store and to the program store for implementing the stored instructions. Wherein the stored instructions comprise instructions for controlling the processor to implement a buyer interface to receive a purchase request from a buyer based on the seller offer data, thereby creating a transaction, the stored instructions further comprising instructions for controlling the processor to implement an investment interface to receive investment data from an investor, the investment data including a plurality of investment criteria for an investment fund, thereby creating the investment fund; and provide the investment data to buyers and sellers able to meet the plurality of investment criteria for the investment fund. | 10-02-2008 |
20080243667 | Instruments and market for hedging risks in commercial real estate assets - Real estate is known for its overwhelmingly idiosyncratic risk structure stemming from heterogeneous real assets traded on imperfect markets with asymmetric information, high transaction costs, low liquidity. In theory, property derivatives should be based on multifactor models cognisant of real estate's fundamental risk structure. In practice, no existing derivatives template can accommodate multi-factors. As a result, property derivatives usually offer poor hedging effectiveness, especially in the context of individual buildings and small, under-diversified portfolios of assets. The specification presents the design of two derivative instruments and market template that accommodate complex risk structures. These instruments and market enable investors to efficiently hedge risks involved in heterogeneous real assets such as commercial real estate assets. | 10-02-2008 |
20080243668 | AUTHORIZATION CONTROL SYSTEM AND METHOD TO DETERMINE OPERATION OF A CONTROLLED DEVICE TO PERMIT AN INDIVIDUAL TO PERFORM AN ACTION - At least one price may be determined for an asset and a classification determined for the price in which the classification may include, for example, an indication of how reflective the determined price may be of a market value of the asset. | 10-02-2008 |
20080243669 | TEST TRADING - Disclosed are systems and methods for placing and processing test orders and real orders. | 10-02-2008 |
20080243670 | SYSTEMS AND METHODS FOR PROCESSING AND TRANSMITTING TEST ORDERS - In various embodiments, test trading orders are generated, transmitted and ranked. | 10-02-2008 |
20080243671 | PRODUCTS AND PROCESSES FOR DIFFERENTIATING TRADING ORDERS - In various embodiments, a data signal differentiates between real and test trading orders and a computer system processes the orders based on differing values. | 10-02-2008 |
20080243672 | METHODS AND SYSTEMS FOR PLACING, TRANSMITTING, AND RANKING TRADING ORDERS - In various embodiments, real and test trading orders are processed and results are transmitted back to the entities originating the orders. | 10-02-2008 |
20080243673 | Methods to improve accuracy and precision of timestamps for financial data - A method for producing a timestamped series of price data of a financial instrument from its prices. The timestamped series includes a timestamp associated with each price. Each timestamp has a timestamp precision of one millisecond or less and a timestamp accuracy equal to or shorter than the timestamp precision. At least one timestamping processor is provided to receive the prices. The internal clock of each timestamping processor is synchronized to a universal time with a time precision and accuracy equal to or shorter than half of the timestamp precision. Each price is applied to a timestamping processor with a predetermined time delay after quotation. Each time delay has a time delay precision and accuracy equal to or shorter than half of the timestamp precision. The timestamp is determined for each applied price based on the corresponding delay time and internal time when the price is applied. | 10-02-2008 |
20080243674 | System for automated trading of informational items and having integrated ask-and -post features - A hybrid system that supports automated trading of informational items between sellers of such items and buyers who bid on the items includes means for allowing bidders to subscribe to ask-and-post services. A buyer/bidder who subscribes to such services is given the opportunity to be presented with more detailed information about an informational item he or she has bid upon before being obligated to pay for the informational item. If a first asked bidder rejects the item after having been given the opportunity for a sneak peek (or if that first bidder times-out due to no response), then the opportunity is automatically presented to a next subscribing buyer/bidder listed on a dynamically generated list (e.g., a stochastic ordered list). In one class of embodiments, the informational items include lead information for making hot contact with a prospective consumer of predefined products and/or services. | 10-02-2008 |
20080243675 | High Speed Processing of Financial Information Using FPGA Devices - Methods and systems for processing financial market data using reconfigurable logic are disclosed. Various functional operations to be performed on the financial market data can be implemented in firmware pipelines to accelerate the speed of processing. Also, a combination of software logic and firmware logic can be used to efficiently control and manage the high speed flow of financial market data to and from the reconfigurable logic. | 10-02-2008 |
20080243676 | Hybrid Trading System for Concurrently Trading Combined Orders for Financial Instruments Through Both Electronic and Open-Outcry Trading Mechanisms - A system and method of trading combined orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes receiving an incoming order having a first order component and a second order component at an electronic trade engine and routing the first and second order components to a first electronic database. The first and second order components are matched and executed against order components maintained in the first and second electronic databases, respectively. Any unexecuted first and second order components are placed in an electronic book according to a predetermined program if the first or second order component cannot be completely matched against any order components maintained in one of the first or second electronic databases. The system includes a trade engine configured for receiving combined orders from market makers. | 10-02-2008 |
20080243677 | SYSTEM AND METHOD FOR FLUID FINANCIAL MARKETS - A system and method that provide for fluid financial markets are disclosed. One system includes an issuing module that issues a credit account to a consumer based on a rating and tied to a credit bank. The system also includes an update module that updates the rating over time based on financial factors related to the consumer. The system includes a financial module that allows the credit bank to change over time based on the rating. | 10-02-2008 |
20080249914 | Fixed-Reference Money System Based on Electrical Capacity - A financial and computer system for conducting commerce using electricity-backed certificates, comprising: a physical certificate or electronic representation thereof having a face value and denominated in units of electricity representing a specified amount of electricity to be provided to a user thereof, wherein said certificate has an indefinite lifetime, identifies an issuer and has a signature for verifying authenticity; wherein said certificate circulates to purchase general items of commerce; wherein any certificate holder may tender it to the issuer as payment for said specified amount of electricity; and wherein said specified amount of electricity is provided to a user thereof, which electricity is paid for by the issuer in redemption of said tendered certificate. | 10-09-2008 |
20080249915 | SECURE, OBJECTIVE ONLINE EXCHANGE, CONFIRMATION AND EVALUATION METHODS - The present invention provides a method for facilitating a trade between a buyer and a seller of a product, the seller offering a product for sale at a predetermined price; the buyer purchasing the product; determining buyer's sufficient currency status or insufficient currency status. If the buyers account has a sufficient currency status, holding monies in an amount equal to the predetermined price are transferred into a holding account; requiring the seller to verify the date of receipt of the monies; requesting the seller to verify the shipping status of the product within a shipping confirmation response time frame; requesting the buyer to verify the receipt status of the product within a receipt confirmation response time frame; and assigning a conduct value to the buyer and seller. | 10-09-2008 |
20080249916 | FUEL OFFERING AND PURCHASE MANAGEMENT SYSTEM - The present disclosure is directed towards apparatuses, systems and methods to facilitate the pricing, sales and delivery of a commodity fuel to a Customer. In one embodiment, the disclosure teaches a Fuel Offer Generator that facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers can buy these fuel offers such that they may later exercise the fuel offers so their fuel costs are locked-in at desired levels (e.g., they may be set to strike prices). The Fuel Offer Generator also can establish a Premium Price that will be part of the fuel offer. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator determines which metrics are relevant to pricing the fuel offering and then employs those determined metrics to establish the pricing of fuel offerings. | 10-09-2008 |
20080249917 | FUEL OFFERING AND PURCHASE MANAGEMENT SYSTEM - The present disclosure is directed towards apparatuses, systems and methods to facilitate the pricing, sales and delivery of a commodity fuel to a Customer. In one embodiment, the disclosure teaches a Fuel Offer Generator that facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers can buy these fuel offers such that they may later exercise the fuel offers so their fuel costs are locked-in at desired levels (e.g., they may be set to strike prices). The Fuel Offer Generator also can establish a Premium Price that will be part of the fuel offer. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. While the Fuel Offer Generator may place various constraints on redemption, it will determine which metrics are relevant to pricing the fuel offering and then employ those determined metrics to establish the pricing of fuel offerings. | 10-09-2008 |
20080249918 | FUEL OFFERING AND PURCHASE MANAGEMENT SYSTEM - The present disclosure is directed towards apparatuses, systems and methods to facilitate the pricing, sales and delivery of a commodity fuel to a Customer. In one embodiment, the disclosure teaches a Fuel Offer Generator that facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers can buy these fuel offers such that they may later exercise the fuel offers so their fuel costs are locked-in at desired levels (e.g., they may be set to strike prices). The Fuel Offer Generator also can establish a Premium Price that will be part of the fuel offer. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator employs a national average fuel price metric as well as consumer behavior to establish the pricing of fuel offerings. | 10-09-2008 |
20080249919 | FUEL OFFERING AND PURCHASE MANAGEMENT SYSTEM - The present disclosure is directed towards apparatuses, systems and methods to facilitate the pricing, sales and delivery of a commodity fuel to a Customer. In one embodiment, the disclosure teaches a Fuel Offer Generator that facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers can buy these fuel offers such that they may later exercise the fuel offers so their fuel costs are locked-in at desired levels (e.g., they may be set to strike prices). The Fuel Offer Generator also can establish a Premium Price that will be part of the fuel offer. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator employs a geographical fuel pump location metric as well as consumer purchasing behavior to establish the pricing of fuel offerings. | 10-09-2008 |
20080249920 | FUEL OFFERING AND PURCHASE MANAGEMENT SYSTEM - The present disclosure is directed towards apparatuses, systems and methods to facilitate the pricing, sales and delivery of a commodity fuel to a Customer. In one embodiment, the disclosure teaches a Fuel Offer Generator that facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers can buy these fuel offers such that they may later exercise the fuel offers so their fuel costs are locked-in at desired levels (e.g., they may be set to strike prices). The Fuel Offer Generator also can establish a Premium Price that will be part of the fuel offer. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator employs a geographical fuel pump location metric as well as consumer redemption to establish the pricing of fuel offerings. | 10-09-2008 |
20080249921 | FUEL OFFERING AND PURCHASE MANAGEMENT SYSTEM - The present disclosure is directed towards apparatuses, systems and methods to facilitate the pricing, sales and delivery of a commodity fuel to a Customer. In one embodiment, the disclosure teaches a Fuel Offer Generator that facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers can buy these fuel offers such that they may later exercise the fuel offers so their fuel costs are locked-in at desired levels (e.g., they may be set to strike prices). The Fuel Offer Generator also can establish a Premium Price that will be part of the fuel offer. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator allows for the management of regional fuel price offerings and allows for fuel offering redemption based on fuel pump prices. | 10-09-2008 |
20080249922 | FUEL OFFERING AND PURCHASE MANAGEMENT SYSTEM - The present disclosure is directed towards apparatuses, systems and methods to facilitate the pricing, sales and delivery of a commodity fuel to a Customer. In one embodiment, the disclosure teaches a Fuel Offer Generator that facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers can buy these fuel offers such that they may later exercise the fuel offers so their fuel costs are locked-in at desired levels (e.g., they may be set to strike prices). The Fuel Offer Generator also can establish a Premium Price that will be part of the fuel offer. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. While the Fuel Offer Generator may place various constraints on redemption, it will employ various consumer behavior metrics to establish the pricing of fuel offerings. | 10-09-2008 |
20080249923 | Exchange offer for securities - An exchange offer for securities where the exchange ratio is determined at or shortly after the end of the initial tender period. The exchange ratio can be determined based on a formula using trading data (and/or other variables) for the involved or other securities over a look-back period that covers the end or final portion of the tender period. | 10-09-2008 |
20080249924 | SYSTEM AND METHOD FOR OPTIMIZING THE BROKER SELECTION PROCESS TO MINIMIZE TOTAL EXECUTION COST OF SECURITIES TRADES - An embodiment of the present invention provides a system and method for minimizing the total expected execution cost of securities trades through a real-time analysis and optimization process incorporating: (1) the currently offered share price and liquidity in the securities markets; (2) execution costs as input in real-time by executing brokers; (3) expected price improvement based on current and recent trading data; (4) time required to execute an order by an executing broker; and (5) the current rate of change in the share price of a security during the time required to execute the transaction. Based on these factors, the invention ranks, in dollars and cents per shares, brokers from lowest to highest expected total execution cost. The initiating party to the securities transaction can route the order(s) to the executing brokers with the lowest expected total execution costs to minimize the total execution cost. | 10-09-2008 |
20080255982 | METHOD AND APPARATUS FOR REBROKERING ORDERS IN A TRADING SYSTEM - Systems and methods are described herein for supporting the trading of bonds in a computerized system using broker dealers as intermediaries. Broker dealers receive orders relating to particular transactions and have the option to accept the order by submitting a matching counter order, or to rebroker the order with the same or modified terms to a number of other investors or additional broker dealers. The additional broker dealers have similar options, thus providing a system wherein orders can be quickly proliferated to a large number of parties. This order proliferation can be fully or partially automated through the use of predefined rules stored in a database which dictate for each broker dealer whether, to whom and under what terms to rebroker orders. When an order is received, the system processes all such rules to output a set of orders which are then communicated to the corresponding parties. | 10-16-2008 |
20080255983 | SYSTEM AND METHOD FOR BAIT GENERATION - The present invention relates to a system and method for generating and managing bait orders in high performance computer systems, in particular it relates to a computer system and method for bait generation in high performance trading systems. The present invention removes bait orders when the base order has changed in such a way so that the bait order is not tradable. Thereafter the invention regenerates the bait order at a later time. | 10-16-2008 |
20080262956 | System and Method for High-Yield Investment Returns in Riskless-Principal Interest Rate/Yield Arbitrage - A multi-participant financial transaction with no downside risks that results in a net profit for all participants (FIG. | 10-23-2008 |
20080262957 | SYSTEMS AND METHODS FOR FACILITATING ELECTRONIC SECURITIES TRANSACTIONS - A method for facilitating securities transactions is shown. In one embodiment, the method includes identifying, by a computer system from an OMS comprising a plurality of stored security orders, a subset of orders specifying at least a minimum available quantity; transmitting, by the computer system to an ETM, a non-binding indication corresponding to one order of the subset of orders, the non-binding indication comprising a security identifier and the order type; receiving, by the computer system, an indication that a match exists to the non-binding indication; determining, by the computer system, a total available quantity for the order corresponding to the non-binding indication; and transmitting, by the OMS, a binding order corresponding to the non-binding indication, the binding order comprising the determined total available quantity. Corresponding systems are also described. | 10-23-2008 |
20080262958 | SYSTEM AND METHOD FOR REVERSE AUCTIONING - A system and method for reverse auctioning is disclosed. A system that incorporates teachings of the present disclosure may include, for example, a system comprising a controller element to receive from a communication device a request for information associated with one or more commercial enterprises situated in a vicinity of a location fix of the communication device, identify information of one or more commercial enterprises that substantially match the desired commercial enterprise type and that are in the vicinity of the location fix, and transmit to the communication device information of at least one of the one or more commercial enterprises identified for purposes of engaging in a reverse auction. Additional embodiments are disclosed. | 10-23-2008 |
20080262959 | ELECTRONIC TRADING CONFIRMATION SYSTEM - A system and method of confirming trades of financial instruments such as OTC derivatives is disclosed. The system includes a data interface which accepts data relating to a trade from both the trader and counter party. The data includes different data fields of differing importance. The system includes a matching engine which compares the submitted data and assigns the trade a status depending on which of the data fields match. The system allows a user to filter trades on their status and display the details relating to that trade. The system also allows a user to display the data fields and change the data fields in order to change the status of the trades. The system thus allows a user to electronically confirm a trade and also identify unmatched trades and the information necessary to reconcile such unmatched trades. | 10-23-2008 |
20080262960 | Automated Electronic Commerce Data Extracting and Analyzing System - A method, apparatus, and computer readable storage to implement an automatic e-commerce site monitoring system. Data can be automatically gathered from online e-commerce sites such as online auctions and analyzed and stored in a database. A merchant can query the database to find all e-commerce sites selling their products. Suspicious transactions can automatically be identified to the merchant who then may have the option to shut down the particular offending sales. A suspicious transaction may be one that has characteristics likely of some prohibited activity, such as selling counterfeit or grey market goods. | 10-23-2008 |
20080270282 | SYSTEM AND METHOD FOR BIDDING ON CONTINGENCY-BASED MATTERS - A system comprises a web server for posting matters of clients for bidding by contingency professionals, e.g., contingency lawyers and/or judgment collectors; a client matter engine for enabling a particular client to post a particular matter and to select a particular contingency professional bidding on the particular matter to handle the particular matter; a professional bidding engine for enabling the particular contingency professional to review at least a portion of the posted matters and to bid on the particular matter; and a bidding exchange engine for enabling the particular client and the particular contingency professional to communicate without exchanging direct contact information. | 10-30-2008 |
20080270283 | ELECTRONIC TRADING DATA INTEGRATION AND PROTECTION SYSTEM - A trading system is disclosed which allows an exchange to protect market data from electronic reproduction by traders but allows the traders to use the market data (such as the last traded price, current resting bids and offers) to assist in making the trades. The system includes an exchange server having a database having market data relating to commodities traded over the exchange. A group of trader computers each having a display are coupled to the exchange server. The trader computers have a trader interface run on the computer allowing each trader to place and accept orders for commodities traded over the exchange. The trader interface is capable of receiving market data from the exchange server. An external data source such as an Excel spreadsheet is stored on the trader computer having at least one data field. A trader module is coupled to the trader interface and external data source. The trader module reads market data from the trader interface and the at least one data field of the external data source. The trader module displays the market data and the one data field on the display. The displayed data cannot be exported to the external data source but can be used to make trading decisions and manage orders. | 10-30-2008 |
20080270284 | OVER THE COUNTER TRADED PRODUCT AND SYSTEM FOR OFFSET AND CONTINGENT TRADING OF COMMODITY CONTRACTS - A method for facilitating the offset or contingent trading of commodity contracts comprising: providing a futures exchange wherein a futures or option contract based on a first commodity of a commodity type is traded; and automatically registering a trade of the futures or options contract on the futures exchange at a market price for the futures or options contract when an over the counter contract for a second commodity of the commodity type is traded. In certain embodiments, the invention is an over the counter product comprising: a first leg comprising a purchase or sale of a futures contract based on a first commodity; and a second leg comprising a sale or purchase of an over the counter contract based on a second commodity; wherein the first commodity and the second commodity are of the same commodity type and the over the counter traded product trades at a price differential between the two legs; and wherein the purchase or sale of the futures or options contract is automatically registered on a futures exchange when the sale or purchase of the over the counter contract occurs. A system for offset or contingent trading of commodity contracts is also disclosed. | 10-30-2008 |
20080270285 | SYSTEM AND METHOD FOR AUTOMATIC TRADING OF FOREIGN EXCHANGE CURRENCIES - A method for automatic trading of foreign exchange currencies including the steps of: receiving first signals at an order receiver based on one or more orders for foreign exchange currency trades; sending second signals from an order configuration tool that provides for selection of a preferred execution method for each of the foreign exchange trades using an algorithm; and executing each of the foreign exchange trades based on received third signals relating to a respective determined preferred execution method. | 10-30-2008 |
20080270286 | PRODUCT EXCHANGE SYSTEMS AND METHODS - Embodiments disclosed herein generally relate to a global network-based trading exchange. In embodiments, the trading exchange trades both products, product concepts and ownership shares associated with the products and product concepts both as ownership shares and as bundled offerings. For example, the products offered are downloadable electronic files, such as music downloads or movie downloads. A user can buy ownership shares or the bundled offering and then own the rights to dividends in the future sales of the product. Further, the user may trade the shares on the trading exchange. In embodiments, the determination of the price for the shares and/or bundled offering is dynamic and fluctuates with market demand. | 10-30-2008 |
20080270287 | METHOD AND SYSTEM FOR DEVELOPING A QUALITY INDEX FUND OF SECURITIES - A method of creating an index fund, the method may include selecting, via a computing device, a plurality of candidate securities. Each candidate security may have a quality rating that meets or exceeds a rating threshold. A dividend payment for each candidate security may be accessed. A computer-generated rank may be automatically assigned to each of the candidate securities. The rank may be based on the dividend payment for each candidate security. The candidate securities may be ranked from highest to lowest. A subset may be selected including the highest ranked candidate securities. A computer-generated weight for each security in the subset may be determined by dividing the dividend payment for each security by a total dividend payment for all of the securities in the subset. An index fund may be created including the weighted securities. | 10-30-2008 |
20080270288 | Derivative Product for Binary Outcomes - A method and system are described for creating an exchange for futures products for odds markets based on binary outcomes. The futures product is based on the value of a particular fixed index or an exchange delivery settlement price in odds form, as recorded or computed at the end of a pre-assigned event or time-horizon. A particular use of this product would be on an exchange for sporting events, where for a given event, an identical interface to that which would currently be available for odds markets is made available, but which would be settled differently from the former, in such a manner as to allow investors to take positions on the movement of the odds without exposure to the final outcome of the event. | 10-30-2008 |
20080270289 | Algorithmic trading system and method for testing automated trading of financial instruments - Provided is an algorithmic trading system and method for testing automated trading of financial instruments, or for “back-testing”, an executing trading strategy of the algorithmic trading system. An executing trading strategy is formed by processing a generated trading strategy. The generated trading strategy is formed by compiling a created trading strategy. The created trading strategy includes a rule for automated trading, a parameter value for each of at least one parameter and a trading strategy name. The rule includes the at least one parameter and at least one of an order agent and a quote agent. | 10-30-2008 |
20080270290 | PROCESS AND APPARATUS FOR CONDUCTING AUCTIONS OVER ELECTRONIC NETWORKS - An apparatus and process for conducting auctions, specifically municipal bond auctions, over electronic networks, particularly the Internet, is disclosed. The auctioneer maintains a web site from which information about bonds to be auctioned can be obtained. A user participates in the auction by accessing the web site via a conventional Internet browser and is led through a sequence of screens that perform the functions of verifying the user's identity, assisting the user in preparing a bid, verifying that the bid conforms to the rules of the auction, displaying to the user during the course of the auction selected bid information regarding bids received and informing the bidder how much time remains in the auction. The user may be given the option of confirming the accuracy of his bid before submitting the bid. The auctioneer is able to review bidding history, determine the winner and notify the winner over the network, and display selected auction results to bidders and observers over the network. | 10-30-2008 |
20080270291 | Customer access solutions architecture - The present invention provides systems and methods for electronically delivering banking services to end clients and, more particularly, using Internet based technologies as a means of exposing those services. The solution to this problem set forth in this invention is the creation of a common electronic delivery infrastructure and application deployment environment, exposing an institution's entire portfolio of corporate banking services to its clients at a number of different locations at any time. | 10-30-2008 |
20080275806 | EVENT TRIGGERED TRADING - Networks, systems and methods for event triggered trading of investment vehicles are disclosed. Orders that are conditioned upon events occurring outside a market may be submitted to an exchange. The conditional orders may be held or stored until the occurrence or non-occurrence of the event. An event data feed is provided to provide information identifying the occurrence or non-occurrence of the event. In response to receiving information via the data feed identifying the event, the orders conditioned upon the event will be triggered, matched, and executed. | 11-06-2008 |
20080275807 | Method and System for Offset Matching - The trading of interest rate swaps or other interest rate derivatives gives rise to mismatch exposure. This can be offset by a series of FRA trades. Rather than conducting a series of exposure neutral trades, FRAs can be bought or sold for the entire amount of a trader's reset exposure. To hedge the offset trades, a series of IMM FRA trades are conducted. The relative size of the IMM contracts will be determined by the distance in time from the IMM quarterly contract settlement date. A system is disclosed for performing offset trades and IMM hedges. The embodiments allow for non-neutral trading and subsequent heging brings trading back to a neutral position. | 11-06-2008 |
20080275808 | Anonymous block trade matching system - Disclosed is an anonymous block trade matching system which allows users that wish to cross large blocks of stock to submit orders, or indications of interest, with the option of utilizing market peg benchmarks or future price cross benchmarks. Orders submitted may be subject to minimum thresholds, including a threshold requiring that the order represent ‘X’ % of average daily volume. After submission of a firm order in the system, an alert is generated to provide the order data to other users with potential to cross the order. Visibility of order data by other users may be restricted based upon a data interaction group to which the ordering user or the other user belongs. The system may provide users viewing order data with a capability of negotiating with the submitting user via a restricted two-way messaging interface. Flat rate and rebate/fee cost models may be utilized as a means for charging a user for access to the system. | 11-06-2008 |
20080275809 | ON-SCREEN PRICE LOCK FOR ELECTRONIC TRADING - A system and method of providing an on screen window having a price held for further transactions on an interface for traders of financial instruments. The interface contains a display of products for trading and respective prices for bids and offers. Selection of a particular product results in the display of the price of the product at the instant time the product is selected. The price is held until a confirming key or mouse stroke is received to initiate a trading action such as placing a new order, killing an existing order or hitting or lifting an order. The trading action is allowed only if the displayed locked price matches the current price thus preventing actions when the underlying price has changed in between the selection and initiation of the trading action. | 11-06-2008 |
20080275810 | MARKET DEPOSITORY FOR ENVIRONMENTALLY RELEVANT ITEMS - In embodiments, the present invention provides methods and systems for facilitating exchange of rights associated with environmentally relevant items. The method and systems may include identifying a first environmentally relevant item, identifying a second environmentally relevant item, and providing a single depository for the environmentally relevant items. | 11-06-2008 |
20080281745 | System And Method For Requesting A Support Service From An Electronic Trading System - A system for providing a support service includes a memory and one or more processors. The memory stores context information associated with a trader of a trading system. The processors provide a button that when selected initiates the communication of a support service request requesting a support service for the trader. The processors receive the support service request. A communication session with a support entity is established in order to provide the support service to a client system of the trader, where the communication session allows the support entity to communicate with the client system. The processors send the context information to the support entity. | 11-13-2008 |
20080281746 | Computer-based method of commodity trading automation - The present invention introduces a method which may be implemented on a variety of computer systems. The method of the present invention can be used for commodity trading automation and provides the core components to build an actual system and use it for position and risk management, valuation, settlement, scheduling and other commodity trading processes. | 11-13-2008 |
20080281747 | RATING ENGINE FOR ENVIRONMENTALLY RELEVANT ITEMS - Methods and systems for facilitating exchange of rights associated with environmentally relevant items are provided. The methods and systems may include identifying a type of environmentally relevant item recognized by a market associated with an environmentally relevant action and providing a user interface whereby a user may access a rating relating to a particular environmentally relevant item. | 11-13-2008 |
20080281748 | License market, license contracts and method for trading license contracts - A license exchange is provided that allows for companies who desire to obtain licenses for intellectual property and speculators to bid in order to set pricing for license contracts that provide for market rates to be set for such licenses. The exchange insures liquidity for such license contracts by providing market makers, scarcity features or modules and predetermined trading periods. In an embodiment the exchange may provide an electronic auction where license contracts may be traded by parties including patentees who may wish to avoid litigation and obtain fair and reasonable royalties for the patents underlying the license contracts being traded. The exchange also provides an alternate licensing resolution process where IP can be evaluated with respect to validity, valuated to determine a fair license rate and auctioned to licensees in a transparent bidding process. | 11-13-2008 |
20080281749 | SYSTEM AND METHOD FOR HIGH-YIELD RETURNS IN RISKLESS-PRINCIPAL INTEREST RATE/YIELD ARBITRAGE - A system, method and strategy of investment can be executed in any currency and amount and, when constructed, can be executed and closed in certain steps to result in a pre-defined, guaranteed and quantifiable level of profitability for an investment without risk that the principal investment amount will be lost or depleted. The system, method and strategy also simultaneously guarantees the following results for all other transaction participants: (a) a pre-defined level of profit for the Investor and/or his Asset Manager (“Manager”) and the lender for the refinancing or discounting; (b) an option to call which when executed by the original issuer of the instruments will result in a profit for the original issuer (e.g. insurance companies, banks, brokerage firms, financial institutions, and/or corporations); (c) an exit strategy that allows each and every participant in the transaction to exit its original position without exposure to ongoing currency fluctuations, changes in interest rates and yields, or default by the issuers of financial products. | 11-13-2008 |
20080281750 | METHOD AND SYSTEM FOR ADMINISTERING PRIME BROKERAGE - A Straight-Through-Processing (STP) trading platform provides a fully electronic and seamless solution to substantially all aspects of the trading cycle for fixed income instruments and other financial instruments. In an exemplary embodiment, one or more customers, one or more dealers and one or more prime brokers have access to computer software that facilitates trade order management, trade order generation, trade execution, trade allocation, allocation acknowledgement, trade confirmation, acquisition of settlement instructions, and the generation of progress reports based on specific metrics criteria. In said exemplary embodiment, the STP trading platform allows a prime broker to monitor and approve a trade where the STP trading platform includes software modules including at least an account management module and an electronic trading module to handle the various stages of executing a trade, confirming the trade, and facilitating settlement of the trade. | 11-13-2008 |
20080288389 | SYSTEMS AND METHODS FOR PROVIDING EMBEDDED RECEIVER NOTES - Systems and methods are provided for providing an embedded receiver note which includes a swaption embedded in a bond. If a reference rate exceeds a strike rate of the swaption, a note holder receives a par value of the note. If the reference rate is lower than the strike rate of the swaption, the note is extended with an exercised swaption. | 11-20-2008 |
20080288390 | COMPLEX ORDER LEG SYNCHRONIZATION - A system is provided for trading complex orders for financial instruments, including complex orders that include legs that are to be executed on different markets. The legs of the order are optionally specified to be executed in a particular ratio, at net price, and/or at a range of net prices. The system halts trading for all legs in one market, determines a quantity and price to execute a second leg of the order on the other market to achieve a specified ratio or net price and then submits the second leg for execution on the other market if the second leg remains marketable on the other market. If an execution is received from the other market, then the legs in the first market are executed and the series unfrozen. If the other market has not responded after a predetermined time, then the legs in the first market are unfrozen and trading continues. | 11-20-2008 |
20080288391 | METHOD AND SYSTEM FOR AUTOMATICALLY INPUTTING, MONITORING AND TRADING SPREADS - A method and system for providing dynamic display of electronic trading information for trading spreads. The method and system allow spreads to be automatically inputted, executed and monitored on one or more trading exchanges. The method and system also allows inputting and monitoring of the spreads from one or more graphical windows on a graphical user interface. The method and system provide automatic generation of one or more legs of an automatic spread and automatic readjustment of desired market limit prices using one or more pre-determined spread trading factors and market depth information to maintain the desired price differential for the automatic spread. | 11-20-2008 |
20080294542 | System and Method For Web-Based Customizable OTC Options Trading - A method for processing electronic requests for price quotes is provided. In the method, a request for a price quote is received, wherein the request comprises one or more characteristics of an over the counter option inputted into an interactive electronic display. A price quote is determined for the option based on the request and is displayed on the interactive electronic display. The ability to execute an electronic sale of the option having the one or more characteristics at the quoted price is provided at the interactive electronic display. A termsheet is automatically populated upon the execution of the sale and is accessible by the parties to the sale. | 11-27-2008 |
20080294543 | Software product and system for facilitating real estate transactions - A software product and system that facilitates real estate transactions. More specifically the software product and system allow users to bid on a variety of terms and conditions to a real estate agreement. The software product and system also allows a user to make a bid via a remote computing device. | 11-27-2008 |
20080294544 | PROCESS AND APPARATUS FOR CONDUCTING AUCTIONS OVER ELECTRONIC NETWORKS - An apparatus and process for conducting auctions, specifically municipal bond auctions, over electronic networks, particularly the Internet, is disclosed. The auctioneer maintains a web site from which information about bonds to be auctioned can be obtained. A user participates in the auction by accessing the web site via a conventional Internet browser and is led through a sequence of screens that perform the functions of verifying the user's identity, assisting the user in preparing a bid, verifying that the bid conforms to the rules of the auction, displaying to the user during the course of the auction selected bid information regarding bids received and informing the bidder how much time remains in the auction. The user may be given the option of confirming the accuracy of his bid before submitting the bid. The auctioneer is able to review bidding history, determine the winner and notify the winner over the network, and display selected auction results to bidders and observers over the network. | 11-27-2008 |
20080301024 | INTELLEGENT BUYER'S AGENT USAGE FOR ALLOCATION OF SERVICE LEVEL CHARACTERISTICS - A system, method, program product and service for managing bidding in a resource management framework. A buyer's agent is provided to manage the bidding process for resources for a client. The buyer's agent includes the ability to submit a bid to a resource broker to acquire a set of resources for the client based on service level requirements of the client. Once the set of resources is obtained, they are monitored to ensure the required service level of the client is being met. If the service level requirements are not met, the buyer's agent automatically resubmits a bid to the resource broker. Finally, collaboration among a plurality of buyer's agents may be utilized to avoid bidding wars and the like. | 12-04-2008 |
20080301025 | APPLICATION OF BROKERING METHODS TO AVAILABILITY CHARACTERISTICS - This application describes an application of resource unit brokering algorithms, chip management methods for automated brokering, chip management methods for live brokering, and chip allocation methods to the brokering of availability characteristics of service level management within an enterprise. Typically, the availability characteristics are derived from known capacity values that are provided by configuration managers. Calculations are made on the capacity values and maximum quantities of the availability resource units are provided to resource brokers for spot or periodic sale and auction to one or more buyer's agents. | 12-04-2008 |
20080301026 | FLUID, DEPLETING CHIPS FOR OBTAINING DESIRED SERVICE LEVEL CHARACTERISTICS - The present invention provides fluid, depleting chips for allocating computational resources for obtaining desired service level characteristics, wherein fluid chips deplete from a maximum allocated amount but may, in an optional implementation, be allowed to be replenished through the purchase of additional chips. A number of chips are assigned to the requestor/party, known as the business unit (BU), which could be a department, or group providing like-functionality services. In one implementation, the chips themselves could represent base monetary units integrated over time. | 12-04-2008 |
20080301027 | METHOD, SYSTEM, AND PROGRAM PRODUCT FOR SELECTING A BROKERING METHOD FOR OBTAINING DESIRED SERVICE LEVEL CHARACTERISTICS - Under the present invention, a set (e.g., one or more) of requests (e.g., from a single bidder or multiple bidders) for an elemental bidding resource (EBR) is received. Market conditions for the EBR are evaluated from historical data. It is then determined whether a demand for the desired EBR exceeds a supply of the EBR. Based on the market conditions, the supply, and the demand, a brokering strategy (e.g., auction versus non-auction) and associated method are selected to allocate the EBR. A resource unit broker (RUB) will then determine an outcome of the brokering method to fulfill at least one of the set of requests. The outcome and associated metrics can then be logged, it can be determined whether a sales contract was created, the EBR can be allocated, and reports/data can be updated accordingly. | 12-04-2008 |
20080301028 | APPLICATION OF BROKERING METHODS TO PERFORMANCE CHARACTERISTICS - This application describes an application of resource unit brokering algorithms, chip management methods for automated brokering, chip management methods for live brokering, and chip allocation methods to the brokering of performance characteristics of service level management within an enterprise. Typically, the performance characteristics are derived from known capacity values that are provided by configuration managers. Calculations are made on the capacity values and maximum quantities of the availability resource units are provided to resource brokers for spot or periodic sale and auction to one or more buyer's agents. | 12-04-2008 |
20080301029 | APPLICATION OF BROKERING METHODS TO RECOVERABILITY CHARACTERISTICS - This application describes an application of resource unit brokering algorithms, chip management methods for automated brokering, chip management methods for live brokering, and chip allocation methods to the brokering of recoverability characteristics of service level management within an enterprise. Typically, the recoverability characteristics are derived from known capacity values that are provided by configuration managers. Calculations are made on the capacity values and maximum quantities of the availability resource units are provided to resource brokers for spot or periodic sale and auction to one or more buyer's agents. | 12-04-2008 |
20080301030 | APPLICATION OF BROKERING METHODS TO SCALABILITY CHARACTERISTICS - This application describes an application of resource unit brokering algorithms, chip management methods for automated brokering, chip management methods for live brokering, and chip allocation methods to the brokering of scalability characteristics of service level management within an enterprise. Typically, the scalability characteristics are derived from known capacity values that are provided by configuration managers. Calculations are made on the capacity values and maximum quantities of the availability resource units are provided to resource brokers for spot or periodic sale and auction to one or more buyer's agents. | 12-04-2008 |
20080301031 | SCALING OFFERS FOR ELEMENTAL BIDDABLE RESOURCES (EBRs) - This invention describes the use of a Chip Conversion Factor (CCF) to scale offers for EBRs. The CCFs are a multiplier that will be applied to offers received for the EBRs. In general, the CCF can be computed based on any number of factors such as the cost of the EBRs, the worth of an EBR to a potential buyer (e.g., at a particular time), a customer status (e.g., preferred customer) of a potential buyer, etc. The invention helps to take into account any differences between EBRs that meet a potential buyer's requirements but that may affect the value of the EBRs relative to one another. | 12-04-2008 |
20080301032 | DERIVATIVES OF ENVIRONMENTALLY RELEVANT ITEMS - The present invention provides methods and systems for facilitating exchange of rights associated with environmentally relevant items. The methods and systems may include identifying a first environmentally relevant item associated with a first environmentally relevant action, identifying a second environmentally relevant item associated with a second environmentally relevant action, identifying at least one disparity between the benefit of the first environmentally relevant item and the benefit of the second environmentally relevant item and creating an instrument whereby a transaction may be undertaken based on the nature of the at least one disparity. | 12-04-2008 |
20080301033 | METHOD AND APPARATUS FOR OPTIMIZING LONG TERM REVENUES IN ONLINE AUCTIONS - A method and apparatus for optimizing long-term revenues in online auctions of distinguishable units of an item. For example, the item might be a specific keyword in sponsored search where the distinguishable units could be different slots for putting ads. The system can estimate parameters such as relevance and value by using a notion of fairness and can optimize the revenue by effecting the users' incentives and by improving the bidding language. In general, the method and the system can also be used for equivalent offline auctions. | 12-04-2008 |
20080301034 | SYSTEM AND METHOD FOR AUTOMATED COMMODITIES TRANSACTIONS INCLUDING AN AUTOMATIC HEDGING FUNCTION - An integrated virtual market is provided that facilitates communication between the producers of a given commodity and the parties wishing to purchase such commodities. This system provides real-time updated information about local pricing being offered by those purchasers. In addition, those producers can post offers that can automatically be accepted by purchasers and have contracts automatically generated. An important consideration from a purchaser's prospective is minimizing the risk associated with making such transactions. Due to this, futures contracts are often obtained. The virtual market system of the present inventions automatically requests and obtains futures contracts to hedge the contracts being generated. | 12-04-2008 |
20080301035 | System and method for managing and administering a lifetime income share plan - The present invention provides a system and method for administering an investment option known as a lifetime income share. Lifetime income shares mitigate survival risk, the risk that an individual will outlive his or her assets. More specifically, the purchase of a plurality of lifetime income shares certifies that an individual is entitled to receive a predetermined, periodic income payment for the life of the purchaser. Additionally, the lifetime income shares of the present invention may be purchased and distributed to participants by a third party (e.g. commingled fund). The third party wishing to provide the lifetime income shares of the present invention to participants may purchase a predetermined amount of shares of an annuity from the underwriting organization and distribute it to the participants. This plan has an investment phase, a distribution phase, and a payout phase. Once the payout phase begins, the stream of monthly income commences at a specified age or date. | 12-04-2008 |
20080301036 | HIDDEN BOOK TRADING SYSTEM AND METHOD - Presented is a system and method for performing crossing of institutional security orders. The system includes a first server interconnected to a second server and client stations across a communication network. The first server includes a database and is configured to receive institutional orders from the client station, which are stored in the database. The first server includes operating instructions operable to determine whether a match exists between contra institutional orders based on predetermined criteria. Upon determination of a match, the first server forwards a child order composed of at least a portion of one of the contra orders to the second server. At a fraction of a second later, the first server forwards the other of the contra orders to the second server followed by the remaining portion of the contra order. | 12-04-2008 |
20080306854 | Event Timing Mechanisms for Dutch Auction of Securities - A method for auctioning securities defines an auction start time and an auction end time. The time therebetween is defined by time bucket intervals and transparency intervals. At the auction start time, a real-time auction of securities over a communications network begins. During each time bucket interval bids are received from prospective purchasers, and assigned a time bucket stamp such that bids with the same time stamp are treated as having occurred at the same time. At the end of each transparency interval public bid information related to the auction is updated and made available to the prospective purchasers. After the auction end time, a final auction price for the securities is established based upon the bids made during the auction, and the securities are allocated to the prospective purchasers at the final auction price. | 12-11-2008 |
20080306855 | Allocation Mechanisms for Dutch Auction of Securities - A method is described for auctioning securities by an auction offeror. Bids are received for an offered number of securities. Each bid includes a bid price, a desired number of securities, and a timestamp indicting a time that the bid was received by the system. After a final bid time, a final price for the securities is established based upon the received bids. Then the desired number of securities is allocated to each bid having a bid price more favorable for the auction offeror than the final price. The desired number of securities is also allocated to each bid having a bid price at the final price, in bid timestamp order favoring earlier timestamps, until the offered number of securities has been allocated. | 12-11-2008 |
20080306856 | Aged Transactions in a Trading System - A method and system for aging orders, increasing securities market liquidity. | 12-11-2008 |
20080306857 | Method for displaying transmission time intervals of orders on electronic trading system - A method is provided for displaying transmission time intervals to a trader using an electronic trading system comprising the steps of displaying a trading screen for an electronic trading system, said trading screen including a transmission time interval display, and displaying a transmission time interval on the transmission time interval display. The transmission time interval comprises an order transmission time interval and a confirmation transmission time interval. The order transmission time interval includes an order transmission to proceed from a client computer to the electronic commodity exchange. The confirmation transmission time interval includes time for a confirmation transmission to proceed from the electronic commodity exchange to the client computer. The method may further comprise the steps of transmitting an order transmission from a client computer to an electronic trading exchange, receiving a confirmation transmission from the electronic commodity exchange by the client computer, and determining the transmission time interval. | 12-11-2008 |
20080306858 | SYSTEM AND METHOD FOR ENABLING HEDGING CUSTOMERS TO LOCK FORWARD POSITIONS WITH CUSTOMER-FRIENDLY PAYMENT OPTIONS - In some embodiments, a method includes providing a loan or line of credit (LOC) to a purchaser to financing the cost of purchasing a retail commodity price protection contract. A new financial instrument is created bundling the loan or LOC and the retail commodity price protection contract. The method also includes allowing the purchaser to draw on a trust (that may have been created with proceeds from the loan) to purchase the retail commodity. The retail commodity price protection contract may specify a forward position, which may be selected by the customer, associated with the retail commodity. According to the forward position specified in the retail commodity price protection contract, a price protection service provider provides price protection to the customer against variability in the price of the retail commodity. The loan or LOC may be provided by a financial institution or the price protection service provider. | 12-11-2008 |
20080306859 | STANDING ORDERS AND SALES FOR ENVIRONMENTALLY RELEVANT ITEMS - In embodiments of the present invention improved capabilities are described for methods and systems for facilitating exchange of rights associated with environmentally relevant items. The methods and systems may include identifying a type of environmentally relevant item recognized by a market associated with an environmentally relevant action and allowing a user to place a standing order or sale. | 12-11-2008 |
20080306860 | ALLOCATION ENGINE FOR ENVIRONMENTALLY RELEVANT ITEMS - Methods and systems for facilitating exchange of rights associated with environmentally relevant items are provided. The methods and systems may include identifying a first environmentally relevant item, identifying a second environmentally relevant item and providing a software-based module for an allocation engine allowing at least one user to allocate at least one environmentally relevant item. | 12-11-2008 |
20080306861 | SYSTEM AND METHOD FOR INDEX BASED SETTLEMENT UNDER PRICE PROTECTION CONTRACTS - Systems and methods for the provisioning of price protection contracts which provide price protection against adverse fluctuations in the retail price of a commodity are disclosed. While these price protection contracts may pertain to almost any type of commodity, certain embodiments of the present invention may provide systems and method for allowing a consumer to obtain price protection on the purchase of fuel. Specifically, embodiments of the present invention may provide the ability to obtain a price protection contract for the purchase of fuel where the price protection contract specifies at least one lock price, quantity, locale and time period such that the price protection contract may guarantee the right to aggregately purchase the quantity of fuel in the locale at the lock price during the time period and where purchases under the price protection contract are settled against an index price at the time of the purchase. | 12-11-2008 |
20080306862 | BIDDER-SIDE AUCTION DYNAMIC PRICING AGENT, SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT - The present invention sets forth a system, method, and computer program product for automating an interaction between a buyer and an electronic, variable, dynamic pricing online auction service. The method can include receiving a registration of a buyer at an Internet enabled buyer bidding site, a portfolio, and account information. The method can also receive entered information about financial transaction instruments, contact information, and product preferences in an auction profile. The method can receive a search query for a desired product from product auctions of a plurality of auction sites and can use a search agent or a meta-search agent, and can provide returned auctions, including retrieving and presenting current status of product auctions. The method can receive a selection of returned auctions to store in the portfolio for tracking by scan agents and for bidding by bid proxies. The method can receive selections of product auctions of the returned auctions and place the product auctions into the portfolio for use by a cascaded bid proxy. The method can provide auction monitoring by scan agents of temporal progression of product auctions, and can notify someone via a messaging center of any changes in relevant aspects of the status that could prevent an initial bid from being placed by a bid proxy. The method can enable activation of bid proxies as an auction nears completion to begin placing bids until the auction is won or lost by auction closing and can confirm a counter-offer has not out-bid. The method can compute and execute another higher bid if a counter-offer has been made and accepted, higher than the most recent bid detected | 12-11-2008 |
20080306863 | System and Method for Managing Trading Using Alert Messages for Outlying Trading Orders - According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by determining whether the particular trading order differs from at least one comparison price by more than a threshold value. If it is determined that the particular trading is an outlying trading order, a restrictive action is taken regarding the outlying trading order. For example, if a trader subsequently submits another trading order that would trade with the outlying trading order, an alert message may be sent to the trader and the subsequent trading order may be prevented from trading with the outlying trading order at least temporarily. | 12-11-2008 |
20080306864 | Electronic Trading System Supporting Anonymous Negotiation And Indicators Of Interest - A system conducts anonymous negotiations and supports indications-of-interest in trading stock. The system includes a database for storing public orders received from a public stock trading system; and a server for receiving hidden orders from a plurality of users and for conducting anonymous negotiations between first and second users with the hidden orders. The server repeatedly accesses the database to determine a match of any one of the hidden orders with any one of the public orders, and to execute a pair of orders selected from the hidden orders and the public orders. The system also transmits indicators-of-interest (IOIs) into a trading environment using the server for processing a trading order from a first user and for maintaining a profile of a user. The profile includes a current IOI setting for controlling transmission of the IOI from the user. The server responds to a toggle command from the first user to control transmission of the IOI opposite to the current IOI setting. The server responds to the IOI setting being set to allow transmission by transmitting the IOI of the first user associated with the trading order. | 12-11-2008 |
20080306865 | System and Method for Pricing and Allocation of Commodities or Securities - An auction server node is described for a computer network having user nodes for conducting an auction run by an auction adviser for awarding securities from an issuer to bidders of the auction. There is real-time monitoring of the auction as it occurs, a bid mechanism for receiving competitive bids from the bidders at the user nodes, including a quantity of securities to be purchased, an initial price revealed to the other bidders, and a firm price not revealed to the other bidders and within a predetermined range of the initial price. A single market clearing price is determined that allocates to the bidders all of the securities in the auction. An incremental adjustment of the market clearing price may be made by at least one of the auction advisor and the issuer, and an allocation made of the securities to the bidders at the adjusted clearing price. | 12-11-2008 |
20080306866 | AUTOMATICALLY DISTRIBUTING A BID REQUEST FOR A GRID JOB TO MULTIPLE GRID PROVIDERS AND ANALYZING RESPONSES TO SELECT A WINNING GRID PROVIDER - A method, system, and program for automatically distributing a bid request for a grid job to multiple grid providers and analyzing responses to select a winning grid provider are provided. A user at a grid client enters at least one bid criteria for a particular grid job intended for submission to an external grid environment. The grid client automatically selects at least one grid provider for the external grid environment to query for availability to process the particular grid job to meet the criteria for the particular grid job. Then, the grid client automatically distributes the criteria in a bid request for the particular grid job to the selected grid providers. The grid client stores bid responses received from the grid providers, and responsive to reaching a deadline for return of responses for the bid request, the grid client selects a winning bid response from the particular grid job from among the received responses. Then, the grid client automatically distributes the particular grid job from the grid client system to the grid provider submitting the winning bid response. | 12-11-2008 |
20080313068 | SYSTEMS AND METHODS FOR ENABLING BORROWING OF STOCK - Systems and method for enabling borrowing of stock according to the invention have been provided. One method of facilitating borrowing shares of a pre-determined stock according to the invention may include receiving a list of guaranteed stock lenders. The system may display the list of guaranteed stock lenders in a Graphical User Interface. In response to a selection of one of the guaranteed stock lenders, the system may display an interactive stock borrow dialogue box. The interactive stock borrow dialogue box may display an input field that is adapted to receive an amount of shares that a borrower desires to borrow and that displays a lender field. Following the user selection of a lender, the lender field may be pre-populated—i.e., populated upon initial display of the interactive stock borrow dialogue box—with the user-selected lender. Preferably, the user may modify the lender field. | 12-18-2008 |
20080313069 | DISTRIBUTED REVERSE AUCTION - A distributed reverse auction allows an auction to end when a dealer is first in time to accept a bid. A purchaser creates an account that relates to a specified purchase. The purchaser places bids at different dealers using the created account. The first dealer to accept the bid draws the agreed upon amount of money from the account. The other bids are cancelled and thus the dealer to act first in time engages in the sale. | 12-18-2008 |
20080313070 | SYSTEM, METHOD AND APPARATUS FOR CONSUMER PURCHASE AND FUTURE DISTRIBUTED DELIVERY OF COMMODITY AT PREDETERMINED PRICES - Embodiments disclosed herein provide a unique methodology as well as the overall architecture necessary to implement the methodology that can enable an entity to create and provide a consumer price protection product under the Forward Contract Exception of the Commodity Exchange Act. Even consumers who do not meet commodity-related regulation requirements such as the Eligible Contract Participant regulatory requirements may purchase such a consumer price protection product or a variation thereof to reduce or cancel out the risk or at least reduce the unpredictability in purchasing commodities such as motor fuels. | 12-18-2008 |
20080313071 | SYSTEMS AND METHODS FOR PROVIDING INVESTMENT OPPORTUNITIES - An online trading competition is provided in which a group of traders are associated with teams and allocated an amount of money to be invested. Trade instructions are received from the traders, and based on the instructions, performance metrics are calculated for each of the traders. Each trader is rated according to the performance metrics, and points are awarded points to some of the traders based on their respective rankings for each performance metric. A winning team is then selected for the online trading competition based on total points awarded to each trader. | 12-18-2008 |
20080313072 | SYSTEM AND METHOD FOR BIDDING ON CONTINGENCY-BASED MATTERS - A system comprises a web server for posting matters of clients for bidding by contingency professionals, e.g., contingency lawyers and/or judgment collectors; a client matter engine for enabling a particular client to post a particular matter and to select a particular contingency professional bidding on the particular matter to handle the particular matter; a professional bidding engine for enabling the particular contingency professional to review at least a portion of the posted matters and to bid on the particular matter; and a bidding exchange engine for enabling the particular client and the particular contingency professional to communicate without exchanging direct contact information. | 12-18-2008 |
20080319890 | System and Method of Enabling an Interactive Online Sales Process for Electronic Real Estate Transactions - An interactive online sales process is presented for electronic real estate transactions. The process includes initializing a bidding file and instantiating an electronic sale transaction based on the data in the file. Parameters of the sale can be customized by a seller or listing agent. An electronic bid can be generated and populated with input received from a buyer. The electronic bid can include standard and custom conditions. A time limit can be set to acknowledge the electronic bid. The time limit is gradually reduced, and upon expiration of the time limit, the process is suspended if the electronic bid has not been acknowledged. Once the seller acknowledges the bid, the interactive sale transaction can be resumed. An electronic bid can be tagged as being a favorite or as being the accepted bid. Upon acceptance, the transaction can complete by populating a contract form with data retrieved from the transaction. | 12-25-2008 |
20080319891 | Clearing System for An Electronic-Based Market - A system for an electronic-based market is disclosed. The system operates with a model where a trader is designated to enter orders for contracts on behalf of a subscriber. The model uses assets of the subscriber that are placed into an account that is accessible by the electronic market to cover risks associated with trades initiated by the trader. The system includes a plurality of client stations for entering orders into the electronic market by traders and a server to receive the orders and match the orders in accordance with matching criteria. The server maintains for the subscriber and the subscriber's associated traders a trading account that is accessible by the electronic market. The server also includes offsetting, clearing, default, and margin protocols functions to administer the market. The market uses species contracts that are derived from a contract genus. | 12-25-2008 |
20080319892 | Systems and methods for allocating size among trading accounts - A system and method for allocating trades of financial instruments among multiple accounts comprising aggregating orders, wherein each order is associated with an account, and wherein each order has an original order size; allocating an executed order based on the aggregated order in a phase I allocation, wherein the phase I allocation is allocated on a pro-rata basis based on the original order size for each account, except for those accounts that would receive an amount less than a minimum allocation; allocating a remainder from the phase I allocation in a phase II allocation, wherein the phase II allocation is allocated among selected accounts in an amount greater than or equal to the minimum allocation or an amount that fills the original order size; repeating the phase II allocation until a remainder from the phase II allocation is less than the minimum allocation; and allocating a reminder from the phase II allocation in a phase III allocation according to predetermined criteria. | 12-25-2008 |
20080319893 | Intelligent Routing Of Electric Power - A method and system for dynamically routing electric power in real time in accordance with parameters submitted by buyers and sellers of electric power using a feedback control scheme. A control node is arranged for receiving the parameters via a wide area network and to generate a route plan based on the parameters as well as current supply and demand in a network. The control node is also connected to the transmission and distribution systems to dynamically route electric power between matched buyers and sellers to effect the route plan. | 12-25-2008 |
20090006240 | System and Method of a Trading Room - A system of a trading room over a network and method thereof is described. The present invention solves problems of limited ability to demonstrate trading skills. A trading room system includes a user and trading room. A user may demonstrate trading and simultaneously share information with other users. It is an object of the present invention to provide simultaneous presentation of trading actions and information shared among users. An embodiment of the present invention allows different types of a user so as to allow a beginner user to learn from an experienced user. | 01-01-2009 |
20090006241 | System and Method for Displaying Multiple Charts of Related Stock Candidates and its Method - A system to display multiple charts of related stock candidates and method thereof are described. Embodiments of the present invention solves problems of limited ability to simultaneously view multiple charts. It is an object of the present invention to provide for simultaneous viewing of multiple stock charts in one screen view. | 01-01-2009 |
20090006242 | Automated auctioning method for market evaluation - In an automatic auctioning method for determining market valuations, the auction process operates in two rounds, whereby the first round is a “sealed bid first price” auction while the second round is an “ascending price” auction. All bids and the winners of both rounds are kept confidential until the second round is completed. Data on bids made and consequential winning results are analysed and processed. | 01-01-2009 |
20090006243 | Networked Electronic Trading System - There is described a networked electronic trading system in which an administration server approves each trade of electronic data corresponding to a copyright-protected work between clients of the networked electronic trading system. The administration server has a database which stores information for a plurality of electronic data files, the information for each electronic data file including a list identifying registered traders of the electronic data files. The administration server processes transaction request information identifying a buyer, a seller and an electronic data file. The administration server approves the sale of the identified electronic data file by the seller to the buyer at least partially in dependence upon if the seller is identified in the registered traders list for the electronic data file. If the transaction is approved, the administration server adds information identifying the buyer to the registered traders list for the electronic data file. | 01-01-2009 |
20090006244 | System and Method for Performing Automatic Spread Trading - The present embodiments are provided to facilitate the automatic trading of spreads in a fast and accurate manner. One or more market data feeds that contain market information for tradeable objects are received at an exchange. A spread data feed is generated in response to the market data feeds and from one or more spread setting parameters, which can be entered by a user. The spread data feed is preferably displayed in a spread window as bid and ask quantities associated with an axis or scale of prices. The user can enter orders in the spread window and the legs will be automatically worked to achieve, or attempt to achieve, the spread. In addition, other tools disclosed herein may be utilized to assist the user in making such trades. | 01-01-2009 |
20090012891 | System and Method for Providing a Trust Associated With Long Positions in Index Futures - A system comprises a memory operable to store market data. The system further comprises a processor communicatively coupled to the memory and operable to buy a plurality of index futures. The plurality of index futures are held as long positions in a trust, and a particular index future is publicly traded on a commodity exchange. The processor is further operable to issue a plurality of trust receipts associated with the trust, wherein the plurality of trust receipts are publicly traded on at least one security exchange. The processor is further operable to post a margin with a futures commission merchant (FCM), wherein the margin is based at least in part on the plurality of index futures and the FCM makes at least one interest payment associated with the plurality of index futures. | 01-08-2009 |
20090012892 | Financial product futures and system and method for trading such futures - A method, system and financial product permitting trading of futures of OTC derivatives is provided. | 01-08-2009 |
20090012893 | Trading System - A method for enabling collaborative processing of data by one or more computers or digital data processing systems. The computer(s) compute a value representative of a first yield for a first instrument, the first instrument being a derivative of an underlying financial instrument, the first instrument being a non-fixed-income instrument. The computer(s) compute a second yield of a second financial instrument. The computer(s) control automated trading of the first instrument based at least in part on comparison of the first yield value with a computed second yield of a second financial instrument, and/or based on comparison of a differential of the first instrument value over change in market interest rates against a differential of the second instrument value over change in market interest rates, the control balancing sizes of positions in the first instrument and second instrument to achieve a desired financial risk profile. | 01-08-2009 |
20090018942 | SYSTEM AND METHOD FOR ONLINE AUCTION - A computer-implemented method of conducting an online auction includes the steps of receiving listing information from a seller for creating a listing for a product offered for sale by the seller, enabling the seller to select a chance-based incentive to encourage bidders to bid on the product, storing the listing information in a computer searchable database, the listing information identifying those listings having associated chance-based incentives, receiving one or more search requests including search criteria from one or more bidders, searching a database for products matching the search criteria, transmitting information for those products matching the search criteria such that a list of those products matching the criteria can be displayed to one or more bidders and identifying those products having a chance-based incentive, receiving one or more bids for the product from one or more bidders and identifying a successful bid for the product and the successful bidder placing the successful bid and determining whether the successful bidder is the winner of the chance-based incentive. | 01-15-2009 |
20090018943 | web based technology system and method for the marketing of online quotations and offers to consumers and businesses looking to acquire products or services, where a consumer or business is able to register his requirements once and publish them anonymously to any product or service provider, regardless of whether they have a website, who may wish to provide a quotation for providing that product or service. - The quotes2me service uses the concept of “e-wallets” to flip the existing processes that a consumer or business goes through to acquire a product or service, instead of using several channels such as physical stores, call centres, directories, search engines or price comparison sites to source and negotiate the best deal for a product or service the consumer can register his “requirements” into a web based form which is then anonymously published into a Quote Opportunities database. Product or service providers are able to select Quote Opportunities and register their best quotation or offer against them. Consumers compare the offers received and are connected to the Quote Provider that they wish to purchase from. | 01-15-2009 |
20090018944 | Method and system for trading - Method for trading an instrument in an automated exchange system, comprising the steps of receiving a first order for the instrument on a first side of a market; receiving a second order for the instrument on a second side of said market; evaluating the first and the second orders regarding the possibility for a match between the first and the second orders; if such a match is possible, creating a preliminary trade using the first and the second orders; receiving a third order for the instrument on the first side of the market; comparing the third order with the first order; if the third order is better than the first order, modifying the preliminary trade; and creating a final trade using the orders currently being part of the preliminary trade. | 01-15-2009 |
20090018945 | SYSTEMS AND METHODS FOR FACILITATING ELECTRONIC SECURITIES TRANSACTIONS - A method for facilitating securities transactions is shown. In one embodiment, the method includes identifying, by a computer system from an OMS comprising a plurality of stored security orders, a subset of orders specifying at least a minimum available quantity; transmitting, by the computer system to an ETM, a non-binding indication corresponding to one order of the subset of orders, the non-binding indication comprising a security identifier and the order type; receiving, by the computer system, an indication that a match exists to the non-binding indication; determining, by the computer system, a total available quantity for the order corresponding to the non-binding indication; and transmitting, by the OMS, a binding order corresponding to the non-binding indication, the binding order comprising the determined total available quantity. Corresponding systems are also described. | 01-15-2009 |
20090018946 | Method for directing and executing certified trading interests - Preferred embodiments of the subject invention comprise: (a) electronically receiving securities order-related data regarding a set of securities market participants; (b) electronically storing the received order-related data regarding the set of securities market participants; (c) electronically receiving a securities order-related query (or order parameters) from a first securities market participant; (d) based on the order-related query (or order parameters) received from the first securities market participant and on the securities order-related data regarding the set of securities market participants, computing a dissemination list of securities market participants based on ranking likely contras by probability of execution; and (e) transmitting that dissemination list to an entity who has been granted the privilege of receiving such lists in exchange for being contractually bound to respect confidentiality of the dissemination list and to use the list only for the purpose of sending securities-related information to members of the list. | 01-15-2009 |
20090018947 | Method for directing and executing certified trading interests - Preferred embodiments of the subject invention comprise: (a) electronically receiving securities order-related data regarding a set of securities market participants; (b) electronically storing the received order-related data regarding the set of securities market participants; (c) electronically receiving a securities order-related query (or order parameters) from a first securities market participant; (d) based on the order-related query (or order parameters) received from the first securities market participant and on the securities order-related data regarding the set of securities market participants, computing a dissemination list of securities market participants based on ranking likely contras by probability of execution; and (e) transmitting that dissemination list to an entity who has been granted the privilege of receiving such lists in exchange for being contractually bound to respect confidentiality of the dissemination list and to use the list only for the purpose of sending securities-related information to members of the list. | 01-15-2009 |
20090018948 | Method for directing and executing certified trading interests - Preferred embodiments of the subject invention comprise: (a) electronically receiving securities order-related data regarding a set of securities market participants; (b) electronically storing the received order-related data regarding the set of securities market participants; (c) electronically receiving a securities order-related query (or order parameters) from a first securities market participant; (d) based on the order-related query (or order parameters) received from the first securities market participant and on the securities order-related data regarding the set of securities market participants, computing a dissemination list of securities market participants based on ranking likely contras by probability of execution; and (e) transmitting that dissemination list to an entity who has been granted the privilege of receiving such lists in exchange for being contractually bound to respect confidentiality of the dissemination list and to use the list only for the purpose of sending securities-related information to members of the list. | 01-15-2009 |
20090018949 | Method for directing and executing certified trading interests - Preferred embodiments of the subject invention comprise: (a) electronically receiving securities order-related data regarding a set of securities market participants; (b) electronically storing the received order-related data regarding the set of securities market participants; (c) electronically receiving a securities order-related query (or order parameters) from a first securities market participant; (d) based on the order-related query (or order parameters) received from the first securities market participant and on the securities order-related data regarding the set of securities market participants, computing a dissemination list of securities market participants based on ranking likely contras by probability of execution; and (e) transmitting that dissemination list to an entity who has been granted the privilege of receiving such lists in exchange for being contractually bound to respect confidentiality of the dissemination list and to use the list only for the purpose of sending securities-related information to members of the list. | 01-15-2009 |
20090018950 | Method for directing and executing certified trading interests - Preferred embodiments of the subject invention comprise: (a) electronically receiving securities order-related data regarding a set of securities market participants; (b) electronically storing the received order-related data regarding the set of securities market participants; (c) electronically receiving a securities order-related query (or order parameters) from a first securities market participant; (d) based on the order-related query (or order parameters) received from the first securities market participant and on the securities order-related data regarding the set of securities market participants, computing a dissemination list of securities market participants based on ranking likely contras by probability of execution; and (e) transmitting that dissemination list to an entity who has been granted the privilege of receiving such lists in exchange for being contractually bound to respect confidentiality of the dissemination list and to use the list only for the purpose of sending securities-related information to members of the list. | 01-15-2009 |
20090018951 | Method for directing and executing certified trading interests - Preferred embodiments of the subject invention comprise: (a) electronically receiving securities order-related data regarding a set of securities market participants; (b) electronically storing the received order-related data regarding the set of securities market participants; (c) electronically receiving a securities order-related query (or order parameters) from a first securities market participant; (d) based on the order-related query (or order parameters) received from the first securities market participant and on the securities order-related data regarding the set of securities market participants, computing a dissemination list of securities market participants based on ranking likely contras by probability of execution; and (e) transmitting that dissemination list to an entity who has been granted the privilege of receiving such lists in exchange for being contractually bound to respect confidentiality of the dissemination list and to use the list only for the purpose of sending securities-related information to members of the list. | 01-15-2009 |
20090024509 | System and method for settling trades - A method of settling trades includes the steps of obtaining an authenticated delivery instrument, wherein the authenticated delivery instrument is authenticated by a first exchange and may be used to settle a trade undertaken on the first exchange. An electronic proxy is issued for the delivery instrument, wherein the electronic proxy may be exchanged for the authenticated delivery instrument and where the electronic proxy is used to settle a trade undertaken on a second exchange. | 01-22-2009 |
20090024510 | System and method of making markets for a finite subset of orders placed across continuous and countably infinite outcome spaces - An improved system and method is provided for making markets for a finite subset of orders across continuous and countably infinite outcome spaces. To do so, a prediction market engine may be provided to support prediction markets by aggregating information about orders specifying a continuous subspace of a continuous outcome space and orders specifying a subset of a countably infinite set of outcomes. The pricing and/or quantities for orders received may be determined, a response may be sent to traders indicating the pricing or quantities of orders for payment, and the amount owed for accepted orders may be collected. Winning accepted orders may be identified and payout may be made for winning accepted orders. Advantageously, the present invention may support aggregation of more information from market participants in a prediction market to forecast the likelihood of the occurrence of a certain event. | 01-22-2009 |
20090024511 | Method for Settling Commodity Trades - A third party scheduling company receives future commodity transaction data from subscriber companies and identifies transactions which are circular in nature (i.e. a series of transactions which begins and ends with the same company). The scheduling company notifies the subscriber companies when a circular transaction exists to allow these companies to settle the transaction into a purely financial obligation. | 01-22-2009 |
20090024512 | ORDER ROUTING SYSTEM AND METHOD INCORPORATING DARK POOLS - A method for routing a financial instrument order incorporating dark pools and at least one electronic communication network (ECN) or exchange. The financial instrument order includes an identification of a financial instrument, a bid or ask price, and a number of units to be traded. A ping order of the dark pools is determined. The financial instrument order is routed to a top dark pool as an immediate or cancel order. If the financial instrument order is not complete, the ping order is updated by removing the top dark pool. If any dark pools remain in the updated ping order, the financial instrument order is routed to the next dark pool. This process continues until all of the dark pools have been pinged or the financial instrument order is complete. If the financial instrument order is not complete, the financial instrument order is routed to the ECN or exchange. | 01-22-2009 |
20090024513 | Methods For Intellectual Property Transactions - A method for transacting intellectual property includes the steps of licensing an IP right corresponding to an IP asset to a licensee according to an agreement; receiving a payment from the licensee for the IP right according to terms of the agreement; and if a call or put option provision in the agreement is exercised, then receiving payment of the strike price and transferring ownership of the IP asset to the licensee. The call option provision provides the licensee the right to purchase the IP asset at a predetermined strike price within a specified time period. The put option provision provides the IP owner a right to sell the IP asset at a predetermined strike price. | 01-22-2009 |
20090024514 | Method and System for Process Brokering and Content Integration for Collaborative Business Process Management - Process Brokering Services (PBS) are implemented though the concept of Adaptive Documents to facilitate electronic commerce (e-commerce). PBS provides a single point of process control over the various fragmented execution flows and brings together the elements for process integration (views, content, flows) in a unified, scalable architecture on an industry standard platform. The two principal functions of the PBS are brokering of multiple business processes encapsulated in various back-end systems including workflow engines and business applications, and aggregating content from multiple enterprise information systems in the business context and managing the shared access to this based on the roles of the participants. The dynamic services provided by PBS are accessible to clients through the PBS Interface. | 01-22-2009 |
20090024515 | Method of doing business for auctioning a defaulted loan - A method of doing business includes identifying an owner of property willing to sell his property by an online auction, entering into a contract with the owner obligating him to complete the sales of his property conducted pursuant to terms of the contract; pre-arranging a minimum auction price for his property that accounts for the owner's interest, plus costs and fees, conducting the on-line auction with a plurality of bidders for his property whereby at the on-line auction's conclusion there is a winning bidder and ensuring the transfer of the winning bidder's funds to the escrow holder. | 01-22-2009 |
20090024516 | Method for directing and executing certified trading interests - Preferred embodiments of the subject invention comprise: (a) electronically receiving securities order-related data regarding a set of securities market participants; (b) electronically storing the received order-related data regarding the set of securities market participants; (c) electronically receiving a securities order-related query (or order parameters) from a first securities market participant; (d) based on the order-related query (or order parameters) received from the first securities market participant and on the securities order-related data regarding the set of securities market participants, computing a dissemination list of securities market participants based on ranking likely contras by probability of execution; and (e) transmitting that dissemination list to an entity who has been granted the privilege of receiving such lists in exchange for being contractually bound to respect confidentiality of the dissemination list and to use the list only for the purpose of sending securities-related information to members of the list. | 01-22-2009 |
20090030826 | LENDER ANONYMITY SECURITIES LENDING USING LENDER TRADE CRITERIA - Lender anonymity securities lending where trade criteria associated with a security owned by a client are determined. Bids for the security are monitored by a first entity. A trade related to the security is executed by accepting a best bid from the monitored bids based on the trade criteria. An identical trade related to the security is automatically executed with a second entity. A second identical trade as the trade related to the security is automatically executed with inter-dealer brokers without any knowledge of the first entity. The first entity may be a banking division of a financial institution and the second entity may be a broker/dealer division of a financial institution. Complete anonymity is provided to the client from the inter-dealer brokers since the trade executed automatically with the second entity is put into a separate trading book maintaining a firewall between the client and the inter-dealer brokers. | 01-29-2009 |
20090030827 | SYSTEM AND METHOD FOR MONITORING AND ANALYZING PROCUREMENT PROCESS FOR PROFESSIONAL SERVICES - A system and related method are provided for monitoring and analyzing procurement process for professional services. The system includes a database management system (DMS) stored on a computer-readable medium, having information a plurality of datasets that correspond to information for professional services. The system further includes data analysis and display modules (DADM) that facilitate access to and analysis of the data of the DMS. The system benefits users throughout the procurement process, such as, identifying bid requests that align with the user's capabilities and interests, analyzing data which allows users to evaluate RFPs and develop bidding strategies, aiding in the preparation of proposals, and assisting in the negotiation of contracts after a winning bid, to name a few. | 01-29-2009 |
20090030828 | Enhanced quote and order integration system and method - An enhanced system and method for executing options trades are disclosed. The order book and quote book are maintained separately to make quote and order processing more efficient, but the order book and quote book are integrated, as needed, to determine the marketability of incoming quotes and, where necessary, so that incoming quotes can execute against resting quotes or orders. | 01-29-2009 |
20090030829 | Seller automated engine architecture and methodology for optimized pricing strategies in automated real-time iterative reverse auctions over the internet and the like for the purchase and sale of goods and services - An improved seller automated engine architecture methodology particularly (though not exclusively) for use in automated real-time iterative reverse auctions over the Internet and the like for the purchase and sale of goods and services, providing a choice of architectural implementations while enabling price optimization on market share-directed considerations, specific sales target-directed implementations, seller utility derivative-following implementations, model optimizer implementations and explorations, mathematical optimization-oriented and rules-based implementations. | 01-29-2009 |
20090030830 | System and method of making trading markets using generalized trade reduction - An improved system and method is provided for making trading markets using generalized trade reduction. To do so, a trade reduction engine may be provided to turn the implementation of an individually rational and incentive-compatible mechanism of a market maker engine for single-valued traders making trades in a particular trading domain into an implementation of a budget balanced, individually rational and incentive-compatible mechanism that may bound the loss in social welfare. In general, the generalized trade reduction methods find procurement sets of traders and remove them in iterations until conditions of competition among remaining traders may be fulfilled for trading to occur. Advantageously, the present invention may support many applications for making trading markets using generalized trade reduction for both procurement-class domains and class domains. | 01-29-2009 |
20090030831 | METHOD FOR STRUCTURING, VALUATING AND TRADING SECURITIES RELATED TO THE PERFORMANCE OF ATHLETES - The method is for structuring, valuating and trading securities. Athletes who have prior performances are evaluated. At a start of an evaluation period, a service provider determines initial values for securities based on the prior performance. The securities are traded in a market at a market price based on supply and demand. The service provider monitors performances of the athletes during the evaluation period. The service provider determines final values at an end of the evaluation period based on the performances and the final values are then paid to the investors. | 01-29-2009 |
20090030832 | CREDIT EVALUATION SYSTEM AND METHOD FOR NETWORK EFFECT CREDIT EXTENSION - Disclosed is a credit evaluation system and method for network effect credit extension that is applied in financial and electronic business fields. The major objective is to construct a credit evaluation system by employing the Internet technology, so that people in need of a loan may obtain credit amount faster than those utilizing an existing credit evaluation method without having to reduce the credit evaluation standard. | 01-29-2009 |
20090030833 | HYBRIDIZED REVERSE AUCTION WITH DYNAMIC FORWARD BIDDINGS FOR REALTY-RELATED TRADING - The invention relates to computer-implemented systems and methods for creating a reverse auction on a realty related item. A buyer uses a computer-system programmed with an algorithm for creating the reverse auction and one or more sellers use a computer-system programmed with an algorithm to submit bid items. The set of procedures comprises that (1) the seller's bid item can individually undergo forward bidding by other buyers to form a forward auction on the item and (2) the series of forward biddings of one or more bid items continuously updates the bid information in the reverse auction. | 01-29-2009 |
20090030834 | Opening Price Process For Trading System - A system for determining an opening price for products traded over a distributed, networked computer system, includes a plurality of workstations for entering orders for financial products into the distributed, networked computer system and a server computer coupled to the workstations for receiving the orders. The server computer executes a server process that determines an opening price for the product. The server process identifies the oldest of interest at the most aggressive price on each side of the market and selects the older interest of the identified interest to designate as initial interest. The server process matches initial interest against all contra side interest. | 01-29-2009 |
20090030835 | System and method for auctioning bids on construction projects - A computerized multi-stage bidding system and method for bidding on construction projects is disclosed. The system utilizes Internet client-server technology. The system includes input devices for entering into the computerized system and validating member credentials, accessing construction projects, registering to bid on the construction projects, providing information relative to a type of contract the construction projects will have, sorting, accepting and rejecting bids for the construction projects, posting a winning bid in order for an owner to compare it to the project budget, having the winning bid be reviewed by an owner and architect of the construction projects, via a report provided by the system and providing a forum for new contractors to become members. | 01-29-2009 |
20090037314 | Method and system for implementing automatic bid status refresh and item attribute updates in an electronic exchange - An auction method for implementing automatic bid status refresh and item attribute updates in an electronic exchange. The method includes the step of receiving update configuration information from remote bidders via a distributed computer network. The update configuration information includes a time interval for receiving bid status updates. An auction is conducted wherein bid information received from the remote bidders is compared to determine a bid status and wherein the bid status is used to determine the bid status updates for the remote bidders. The bid status includes information regarding the most competitive, or winning, bid and any associated terms. The bid status updates are disseminated to the remote bidders via the distributed computer network in accordance with the update configuration information. At the conclusion of the auction, an auction winner is designated in accordance with the latest most competitive bid of the bid status. The time interval of the update configuration information is user selected and can be adjusted dynamically during the auction. Remote bidders receive bid status updates in accordance with their specified time interval. Changes to the items and/or item attributes of the auction are also disseminated to the remote bidders via the distributed computer network in accordance with the time interval of the update configuration information. | 02-05-2009 |
20090037315 | System and method for brokering agents and auditionees - Example embodiments relate to methods and systems for ranking a content submitted by an auditionee. The method may further include retrieving the content stored in a talent broker management system by a user, reviewing the submitted content, rating the content based on a ranking score, recording an IP address of the user, recording the submitted ranked content, and determining whether the user is a duplicate user that rates the same submitted content, wherein when the user is determined a duplicate, the system may reduce the ranking score of the duplicate user. The method may also allow auditionees to bid their submitted video to be displayed for a particular time slot. | 02-05-2009 |
20090037316 | Allocating Goods to Bidders in Combinatorial Auctions - Embodiments are directed to systems, methods, and apparatus for allocating goods to bidders in combinatorial auctions. In one embodiment, bids are received in a combinatorial auction and the winner determination problem is modeled as an interval knapsack problem (I-KP) or an interval multiple-choice knapsack problem (I-MCKP), efficient algorithms (both pseudo-polynomial-time exact algorithms and FPTAS) for I-KP (and I-MCKP) are used to compute an allocation of goods to winning bidders. | 02-05-2009 |
20090037317 | Bidding in Online Auctions - Embodiments are directed to systems, methods, and apparatus for bidding in online auctions. In one embodiment, bids for advertising include an amount that is a function of an expected value-per-click and a fraction of a budget already spent for advertising slots. | 02-05-2009 |
20090037318 | Trading method for trading between trading systems and trading system - In a trading method for trading financial products between first and second trading systems, if an order to buy/sell a product as received in a first trading system is not completed within a prescribed time, an order notice is transmitted to a second trading system at a predetermined timing. The second trading system makes a search to detect whether a reverse order is present, locks therein a reverse order thus detected, and transmits an order instruction according to the reverse order. The first trading system then executes the buying/selling in response to the order instruction, and transmits an execution result in response to the order instruction to the second trading system. The second trading system executes the buying/selling for the locked reverse order, based on the results of the execution performed by the first trading system. | 02-05-2009 |
20090037319 | RANDOMIZED TRADING APPARATUS AND METHOD - An apparatus and method of training helps separate emotions from decisions. A user account with single masked login allows selective access to a live account with actual funds and a demo account with false funds. A program randomly causes trading in the live and/or demo accounts according to a predetermined percentage, allowing the user to place trades/bets but without letting the user know which account is active. The present method further determines if trades/bets on the live and demo accounts are not offset/flat, and potentially forces the user to continue trading on the same accessed account. When the user logs out, the present method syncs the demo account to the live account, generates data concerning differences between live and demo accounts, and gives feedback to at least one of the user and a system controller. | 02-05-2009 |
20090037320 | System and Method for the Automated Brokerage of Financial Instruments - Disclosed herein in a preferred embodiment is an automated financial instrument brokerage system wherein a front end layer interacts with customers to generate activity requests for an intermediate layer. The intermediate layer preferably processes the activity requests and places financial instrument orders on a financial market if appropriate. A backend layer preferably provides data to the intermediate layer for processing activity requests. Multiple heterogeneous front end customer applications may be supported by the same intermediate layer. Further, multiple backend layer applications may interact with the intermediate layer in a manner transparent to the front end layer. Further, scalability can be achieved be partitioning various tasks of the intermediate layer onto separate servers, and more preferably on separate redundant servers. Load balancers may then be used in the intermediate layer to provide distributed access to these servers. Also disclosed herein is a caching technique whereby turnaround time for processing activity requests can be reduced by reducing the number of times that the intermediate layer needs to interact with the backend layer. | 02-05-2009 |
20090043685 | Method and system for implementing an offer/counteroffer negotiation - A method for implementing an offer/counteroffer negotiation. Characteristics of an offer for an item are received, wherein the characteristics comprise at least one term defining the offer. The offer is published to a plurality of bidders. Among the potential responses to the offer, at least one counteroffer is received from a bidder. The counteroffer comprises at least one alternative term. Provided the counteroffer is acceptable, the counteroffer is accepted. Provided the counteroffer is not acceptable, a second counteroffer is transmitted to the bidder, wherein the second counteroffer comprising at least one alternative term with respect to the counteroffer. The present invention allows a negotiator to negotiate terms with one or more bidders individually, outside the constraints of a traditional auction. | 02-12-2009 |
20090043686 | Processing arrangements for biomass byproducts and biomass derivative products - Various arrangements are disclosed wherein biomass processing services are provided to a producer of an agricultural product. One such arrangement may include the producer paying a fee or offering biomass related products to a buyer in exchange for receiving the biomass processing services. At least a portion of the fee for providing the biomass processing services may be paid by delivery of a quantity and/or quality of agricultural products, biomass byproducts, or biomass derivative products. In certain embodiments, arrangements between the producer and the buyer may also involve establishing vendor credit accounts or providing other financing programs to the producer. | 02-12-2009 |
20090043687 | Method and System for Banking and Exchanging Emission Reduction Credits - An online interactive method and system for trading emission reduction credits (ERC) representing a calculated value for the reduction of a given quantity of emissions from a carbon sink is provided. The method and system include (a) receiving from a seller having a seller's account data representative of a carbon sink including data representative of the type of carbon sink and the location of the carbon sink; (b) calculating a value representative of the carbon sink of the seller; (c) creating a tradable emission reduction credit (ERC) based on the value; (d) assigning an ERC identification to the emission reduction credit (ERC) for tracking purposes; (e) associating the emission reduction credit (ERC) with the seller's account using the ERC identification; (f) making the emission reduction credit (ERC) available for purchase; (g) receiving a purchase request from a purchaser having a purchaser's account for the emission reduction credit (ERC); and (h) moving the emission reduction credit (ERC) from the seller's account to the purchaser's account using the ERC identification. | 02-12-2009 |
20090043688 | Revenue participation interests with guaranteed returns and methods related thereto - A financial product and method for creating a financial product is provided wherein an investor receives a return based on the future sales or revenues of an issuer and a portion of the investor's investment is guaranteed as a return at maturity of the financial product. | 02-12-2009 |
20090048960 | BIPARTITE MATCHING MARKET FOR UTILIZATION WITH ADVERTISEMENT PLACEMENT EXCHANGE SYSTEM - Exemplary embodiments of the present invention relate to a bipartite matching exchange methodology. The method comprising receiving at least one buy bid from at least one buying party, receiving at least one sell bid from at least one selling party, and matching the at least one sell bid with the at least one buy bid thereby yielding at least one matched buy bid and at least one matched sell bid wherein the resulting allocation of the at least one matched buy bid and the at least one matched sell bid maximize a surplus of an exchange. | 02-19-2009 |
20090048961 | System and method for transferring longevity risk - A system and method for transferring longevity risk is disclosed. According to an example of the disclosure, a trading system receives an order to trade a financial instrument in which counterparties agree to exchange, for a predetermined period of time, a difference between an expected and actual cash flow stream associated with one or more assets or liabilities affected by mortality-based longevity risk, wherein the predetermined period of time includes one or more calculation periods that each last less than a term of the one or more assets or liabilities, receives updated mortality information underlying the longevity risk, and calculates the difference to be exchanged for each of the one or more calculation periods. | 02-19-2009 |
20090048962 | Interactive Security Brokerage System - The present invention provides an interactive browser based system providing market information regarding municipal bonds which allows users to search for, identify, analyze, compare, auction and/or purchase municipal bonds. | 02-19-2009 |
20090048963 | SYSTEMS AND METHODS FOR FACILITATING TRANSACTIONS WITH INTEREST - A financial account issuer facilitating transactions between accounts is disclosed. The invention provides sellers with an irrevocable method of receiving funds from a purchaser and for improving purchaser willingness to transact with an unknown party. The invention also includes the options of interest payments, the use of different account issuers, different financial accounts, budget transfers, spend compartmentalization, cost-splitting, adjusting credit limits, loans, gifting, intermediary facilitating the transaction, transaction tracking, rapid funds availability, confidential transfer of funds, immediate initiation of shipment by a seller, releasing funds to a seller only after approval of the goods, services, or other value, demonstrating proof of payment, and recourse against a remote seller. | 02-19-2009 |
20090048964 | Trading of Derivative Secured Index Participation Notes - Techniques are described for securitizing, administrating and trading various index shares securitized by derivative, cash-settled instruments on the underlying index. | 02-19-2009 |
20090055302 | System and method for integrating a convertible security with a call spread - The present invention relates to a method and system for providing a financial instrument by integrating a convertible security with a call spread to form a financial instrument having the benefits of low coupons and tax efficiencies. The call spread includes a first call option that mirrors features of the convertible security and a second call option that has a higher strike price than that of the first call option. | 02-26-2009 |
20090055303 | OUT OF BAND CREDIT CONTROL - Systems and methods are provided that can provide credit control monitoring across any number of trading engines without adding any performance or scalability limitations. | 02-26-2009 |
20090055304 | SYSTEM AND METHOD FOR DETERMINING AND BROKERING FUEL EMISSION OFFSETS - A brokering system and method for providing an incentive for use of more efficient internal combustion engines and hydrogen retrofit kits is disclosed. End users of retrofitted vehicles are provided with discounted fuel costs at authorized fueling stations. The vehicle owner's savings include: a) a reduction in fueling charges because of the vehicle's new reliance on 30% less fossil fuel (which is displaced by hydrogen in the engine), and b) by the purchase of methanol which can be set at a lower cost per calorific equivalent than a barrel of oil while also earning emission offsets to be sold for cash to the end users/creators of carbon credits. In this manner, retrofitted existing internal combustion engines linked to a trust for trading emission offsets will create a consumer-driven hydrogen economy which governments as well as the automotive and petroleum sectors will endorse. Hydrogen, which is substituted for fossil fuel in a retrofitted IC engine result in emission offsets (i.e., the quantum of emissions that are no longer there) which are converted by a regulated emissions trust into cash. This income, which is deposited into the vehicle owner's bank account via the telephone network by using a dedicated hydrogen fueling card and master engine sensor linked to a specific vehicle provided with an engine retrofit kit and an on board source of hydrogen gas. The present method provides a mapping and test kit that relies on OEM engine timing and control sensors to compare engine emissions produced by fossil fuel with emissions eliminated by substituting hydrogen. This method creates consumer demand for cleanly produced sources of hydrogen (beginning with green methanol) to fuel existing OEM engines, which will in turn, induce automobile manufacturers to build more efficient IC engines until, finally, they will all be fueled by 100% hydrogen. | 02-26-2009 |
20090055305 | Systems and Methods for Market Order Volume Clearing in Online Trading of Credit Derivatives - Systems and methods for market order volume clearing in online trading of credit derivatives are disclosed. In one embodiment, a method for market order volume clearing may comprise: selecting, from a plurality of credit derivatives, at least one most liquid credit derivative; determining a volume clearing price level for the selected credit derivative; inviting trading clients of the electronic trading system to submit, within a time limit, buy orders and sell orders for the selected credit derivative at the volume clearing price level, each buy order or sell order specifying a desired volume; matching the buy orders and the sell orders submitted within the time limit to maximize a total notional amount of the selected credit derivative that can be traded at the volume clearing price level; and completing trades at the volume clearing price level according to the matching of orders. | 02-26-2009 |
20090055306 | Systems and Methods for Limit Order Volume Clearing in Online Trading of Credit Derivatives - Systems and methods for limit order volume clearing in online trading of credit derivatives are disclosed. In one embodiment, a method for limit order volume clearing may comprise: selecting a set of credit derivatives based on dealer interest and market activities; inviting trading clients to submit, within a time limit, buy orders and sell orders for the selected credit derivatives; determining an auction price for each of the selected credit derivatives, such that a total notional amount of trades that can be executed at the auction price is the largest possible and a total notional amount of unfilled orders is the smallest possible: executing a first subset of the buy orders and the sell orders that can be completed at the determined auction price; and launching a volume clearing session, with a volume clearing price level set to the determined auction price, for a second subset of the buy orders and the sell orders that have not been filled. | 02-26-2009 |
20090055307 | Priority bid processor and protocol therefore - A financial transaction system, such as an automobile bidding system is disclosed. The financial transaction system comprises a demand placement module, a supply providing module, and an algorithm linking the demand placement module to the supply providing module. The priority based processor, which is configured to correlate a plurality of demand priorities to a plurality of supply priorities such that a maximum of one match is provided between the demand priorities and the supply priorities. A priority based correlation algorithm, a priority based algorithmic process and an automobile bidding system are also disclosed. | 02-26-2009 |
20090063322 | SYSTEM AND METHOD FOR REAL-TIME AUTOMATED SECURITIES TRADING - Methods for making real-time automated security trades are presented, the methods including: receiving historical market data related to a selected security; receiving affective data related to the selected security; performing an analysis on the historical market data and the affective data to produce a set of causally related input parameters, the set of causally related input parameters configured to provide a basis for determining whether to trade the selected security; receiving current market data related to the selected security; applying the current market data to the set of causally related input parameters; and automatically trading the selected security based on the applying. In some embodiments, methods further include: incorporating the current market data with the historical market data; and returning to the performing the analysis. | 03-05-2009 |
20090063323 | SYSTEM AND METHOD FACILITATING TRI-PARTY REPURCHASE AGREEMENT TRANSACTIONS - In accordance with at least one embodiment of the invention, a DVP repo and tri-party repo hybrid transaction is provided as well as a process for facilitating and processing such a hybrid transaction, referred to herein as a “tri-party hybrid repo” transaction. | 03-05-2009 |
20090063324 | Method and system for conducting an auction over a network - A method and system for enabling a user or bidder to purchase an option on auction merchandise or services in an online auction are provided, thus allowing the option winner to purchase the merchandise in the event the original auction bidder (i.e., the highest bidder for the merchandise) defaults on his purchase. The method and system also provides an incentive to the users purchasing the option(s), e.g., bid optionees, by partially distributing the option pool of monies collected to the user who purchases the option at the price closest to the final auction price. | 03-05-2009 |
20090063325 | Methods and Systems for Providing Qualified Dividend Income Units - In at least one aspect, the invention comprises a computer-implemented method comprising: (1) receiving investment amounts for a first class of partnership units with a senior position, with a second class having a subordinate position, wherein either: (a) options on an underlying security are bought and/or sold into the partnership, or (b) the first class of partnership units has an embedded short option on an underlying security, and the second class has an embedded long option; and (2) paying coupon payments on the first class for a specified period of time, wherein the coupon payments comprise dividend payments received on shares of a dividend-paying portfolio, wherein the second class absorbs losses in the portfolio up to a first specified amount, and wherein the first class absorbs losses above the first specified amount. Other aspects of the invention comprise related structure, software, and system implementations. | 03-05-2009 |
20090063326 | Trading System - An object of the invention is to provide a trading system used by agents or the like when placing orders in a trading market system. The trading system has order receiving means; order ID assigning means; event monitoring means for monitoring at least one event and determining whether order conditions have been met; order issuing means for issuing, in the trading market system, order attributes defined on the basis of order attributes; and order attribute definition means for performing processing on the basis of objects when undefined order attributes are included, and returning the results. The order issuing means transfers an object ID included in the undefined order attributes; the order attribute definition means processes the object and returns the results to the order issuing means; and the order issuing means receives the processed results, converts the portion of the undefined order attributes to the processed results, and converts the order attributes to defined order attributes, whereupon the defined order attributes are issued to the trading market system. | 03-05-2009 |
20090063327 | System and method for integrating a convertible security with a call spread - The present invention relates to a method and system for providing a financial instrument by integrating a convertible security with a call spread to form a financial instrument having the benefits of low coupons and tax efficiencies. The call spread includes a first call option that mirrors features of the convertible security and a second call option that has a higher strike price than that of the first call option. | 03-05-2009 |
20090070249 | CONTINGENT EVENT RIGHTS RELATING TO TEAM LOCATION - The present invention relates to an integrated rights marketplace providing a platform for exchanging a right, the right being subject to a contingency, wherein the right relates to a right to an item associated with a sports team and wherein contingency relates to the location of the sports team. | 03-12-2009 |
20090070250 | Routing of orders in equity options by means of a parameterized rules-based routing table - An enhanced system and method for the “smart” routing of orders in an electronic options environment is disclosed. The method of routing includes different rules and protocols for orders that are allowed to route using a traditional intermarket linkage than for orders that are allowed to route using an alternative private direct connection or third-party service provider. The system and method of routing has at its basis a configurable, rules-based routing table that allows orders to be routed using different protocols based on the account type of the incoming order. | 03-12-2009 |
20090070251 | System and method for payment over a series of time periods in an online market with budget and time constraints - An improved system and method is provided for using sampling for scheduling advertisements in an online auction with budget and time constraints. A multi-armed bandit engine may be provided for sampling new advertisements by allocating advertisements for web page placements of equal quality and optimizing payments to maximize the welfare of the advertisers while remaining within advertiser's budget and time constraints. Advertisers may report their private information including arrival time, departure time, value per click, and budget. And the multi-armed bandit mechanism may approximate the maximal welfare that may be achieved under budget and time constraints by bounding the possible gain from any possible lie an advertiser might submit in reporting private information. Advertisers departing from the online auction may be charged using a payment method that may provide truthful guarantees on budget, arrivals, departures, and valuations for a budget-constrained online auction. | 03-12-2009 |
20090070252 | ELECTRONIC TRADING SYSTEM FOR SIMULATING THE TRADING OF CARBON DIOXIDE EQUIVALENT EMISSION REDUCTIONS AND METHODS OF USE - An electronic trading system for simulating the trading of carbon dioxide equivalent (CO | 03-12-2009 |
20090076939 | CONTINUOUS BETTING INTERFACE TO PREDICTION MARKET - A user participates in trading securities in a prediction market which represent different outcomes of an event, using an interface which allows the user to understand a trade in terms of a bet. The interface also allows the user to explore different bet amounts while receiving feedback on potential payoffs in real time. In one approach, a tool is used which is moved in one direction by the user to indicate a larger trade for an outcome, or in the opposite direction to indicate a larger trade against the outcome. A bet for an outcome can be translated into a purchase of a corresponding security which represents the outcome. A bet against a particular outcome can be translated into a purchase of securities which represents all other outcomes. The user interfaces hides complexities of the market from the user while surfacing relevant information. | 03-19-2009 |
20090076940 | Volume Control For Mass Quote Messages - Systems and methods are provided for processing mass quote messages and generating market data. A mass quote message is received and individual orders are parsed and processed. Individual market data messages are stored in a market data message buffer. After all orders are processed, the contents of the market data message buffer is distributed as a single market data message. | 03-19-2009 |
20090076941 | Transaction Payment Instrument - A transaction payment instrument, used in purchasing a retail quantity of a fungible commodity; the instrument comprising (I) a prepaid commodity portion and (II) a promissory cash-equivalent portion. Preferably, the prepaid commodities portion is backed by futures and/or options for the fungible commodity. The promissory cash-equivalent portion is cash, check, credit card, cash card, prepaid commodity unit card, proof of identity for conducting a commercial transaction, or the likes. The transaction between the customer and the retailer typically includes the customer (A) causing commodity credits to be transferred to the retailer wherein this transfer represents the customer bartering a substantially identical quantity and quality of a commodity with the retailer in exchange for that quantity and quality of that commodity; and (B) paying the retailer for all peripheral charges associated with the physical delivery of the physical commodity—and these charges may include refining, processing, distribution, marketing, tax, etc. | 03-19-2009 |
20090076942 | FINANCIAL INSTRUMENTS, AND SYSTEMS AND METHODS FOR USE WITH FINANCIAL INSTRUMENTS - Variable rate of return debt instrument has principal amount (“principal”), maturity date, term, return on principal, and obligations for principal repayment by maturity date, and payment of return at maturity date. Return is indeterminable during term. A debt instrument may be ordered individually or together with another complementary debt instrument that similarly has an indeterminable return during the term, which includes a possibility of no return. Systems and methods for ordering the debt instruments are provided. When two complementary debt instruments are combined, the aggregate return of the two instruments is certain to be greater than a minimum amount greater than zero. The debt instruments can provide investor with commercial and tax advantages. Complementary combinations of debt instruments may be ordered individually. However, for convenience of purchase, investors may order a predetermined combination of two complementary debt instruments. Debt instrument may be promissory notes, guaranteed investment certificates or other forms of indebtedness. | 03-19-2009 |
20090076943 | Systems and Methods for an Online Credit Derivative Trading System - A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative. | 03-19-2009 |
20090076944 | System for valuing and transferring interests in property or other goods - The invention that is the subject of this Disclosure is a method for valuing and transferring interests in property (whether real or personal, tangible or intangible) or goods. The system involves having parties that hold ownership interests in property or goods disclose to a third-party (but not to each other) a price at which they would be willing to either sell their interests to the other side, or buy out the other side's interests, submitting binding offers to the third party obliging them either to buy or sell at their stated price (in the unlikely event that the stated prices are the same), or, alternatively, at some other price in between the ones set forth in their offers that is more favorable to each of them and that is identified by the third party. The third party then makes a binding determination as to who shall buy, and who shall sell, and makes a binding determination as to the sale price, by following certain protocols and applying a formula, agreed to by the parties in advance, with respect to the numerical values submitted by the respective parties. The invention allows each party to always arrive at an agreed upon outcome, and allows each party always to arrive at an outcome that is either equal to or more favorable to that party than the outcome that that party proposed. | 03-19-2009 |
20090076945 | QUICK-FILLING CUSTOMER ASSET TRADING SYSTEM FOR BOOKING ORDERS WITH MULTIPLE PROVIDERS - Apparatus and methods for use by a customer for trading assets, such as foreign exchange instruments, using a variety of trading protocols on an interconnected computer network, such as the Internet. The invention generates and displays easy-to-use, context-sensitive and meaningfully organized panels or windows containing visibly distinctive, user-activatible selectors and input controls the customer can manipulate to select and execute trades against the best available quotes as they are supplied by multiple providers. In a single-bank execution mode, the invention automatically determines the best quotes received from a multiplicity of providers and helps the customer submit a single-bank order to one of those providers. In a multi-bank execution mode, the invention automatically identifies and helps customers submit a best multi-bank order, which may comprise a combination single-bank orders split up among multiple providers who have each submitted quotes having insufficient sizes. The user also may specify other trading terms, such as trading accounts and order sizes, for the assets to be traded. | 03-19-2009 |
20090076946 | SYSTEM AND METHOD FOR MONITORING TRADES OUTSIDE OF A NO-BUST RANGE IN AN ELECTRONIC TRADING SYSTEM - An alert system that notifies an Exchange's staff of a trade that appears to be outside of an expected market range of prices includes an input device, determination logic, evaluation logic, and alert logic. The determination logic derives a theoretical no-bust range of prices based on data received from the input device. The theoretical no-bust range of prices are prices above and below a synthesized market price, within which an erroneous trade cannot be cancelled. The evaluation logic monitors trades and compares those trades to the theoretical no-bust range of prices. The alert logic notifies the Exchange's staff when the evaluation logic identifies a potentially erroneous trade that lies outside the theoretical no-bust range of prices. A method of notifying the Exchange of a trade that potentially lies outside of an expected range of prices includes monitoring an input range of prices and deriving the theoretical no-bust range of prices. The method then compares transactions prices to the theoretical no-bust range of prices and notifies the Exchange when a potentially erroneous trade can be cancelled. | 03-19-2009 |
20090076947 | Universal Last Call - A method of advertising, marketing, and auction sale of real estate properties and more particularly a method of handling last minute online bidding extensions are described. An Internet website has been designed for this purpose such that prospective customers or interested bidders may view property specific photographs and other details with respect to the property on property profile pages. In the electronic bidding format, as long as at least one bid is made within an established bid period before the deadline, the bidding can be extended for a pre-determined amount of time. | 03-19-2009 |
20090083174 | System and method for dynamic order management - Disclosed herein are systems and methods for dynamic order management. A user can specify at an order originator system an underlyer price, a pricing model, and, in accordance with the pricing model, a desired derivative price and/or desired implied volatility in the form of one or more threshold conditions at which the user desires a trade to be executed. An order executor system receives the dynamic order and a data feed having a data feed underlyer price, and, if in accordance with the pricing model, the threshold condition(s) are satisfied at the data feed underlyer price, the dynamic order is identified as being executable. | 03-26-2009 |
20090083175 | AUTOMATED BATCH AUCTIONS IN CONJUNCTION WITH CONTINUOUS FINANCIAL MARKETS - A method and system for performing a batch auction whereby a series of orders, according to a variety of predetermined order types, are generated by qualified market participants and communicated to an auction system. The auction system takes into account each order and its impact upon relative supply and demand to determine by a preset algorithm a price and share transaction quantity. Trades are executed at the price, and a portion of the transaction quantity is allocated to each investor on a fair basis dependent upon their initial orders. In embodiments of the present invention, the auction system uses a computer system or network designed to automatically perform one or more steps of the above method. Such a system is preferably connected to one or more ECNs such that non-executed shares can be automatically sent to outside sources for execution. In alternative embodiments, the invention includes the use of a one or more intermediaries or market makers to cover certain unexecuted trades at the determined price. The present invention is preferably used to conduct batch auctions at the opening and closing of securities trading markets. | 03-26-2009 |
20090083176 | METHODS FOR ALLOCATING RISKS OF FUTURE MAJOR DEVELOPMENTS - Computer-implemented methods for allocating risks from major developments are described. The methods include identifying one or more future major developments with economic impact; identifying a parameter to indicate that each of the developments has or has not occurred; creating a contractual instrument that is based on the occurrence or non-occurrence of the one or more major developments; and trading the instrument. A contractual instrument based upon on an occurrence or non-occurrence of one or more major developments in electronic form and tradable in the methods is also described. | 03-26-2009 |
20090089197 | TBA FUTURES CONTRACTS AND CENTRAL COUNTERPARTY CLEARING OF TBA - Networks, systems and methods that match orders for TBA futures and settle and clear open positions for TBA futures are disclosed. The TBA futures may include MBS TBA future contracts. A central counterparty clearing firm may net long and short positions and generate delivery instructions to parties having open positions. | 04-02-2009 |
20090089198 | Method and Apparatus for Issue and Trade of Fractional Interest Real Estate Stock - An electronic system—and associated method—for creating, marketing, and selling equity shares, represented by stock in individual real estate parcels is provided. A system and method for providing a liquid market for real estate stock is also provided. The system includes, a central controller, coupled to a network, having a trading system that processes the purchase and sale real estate parcel based stock, an investor interface with which investors communicate with the central controller, and a real estate owner interface with which real estate owners communicate with the server. A real estate owner creates, through the system a real estate stock offering, which is presented to a plurality of investors. Each investor may purchase the stock with a purchase commitment. The investors may later trade the real estate parcel stock via the system. | 04-02-2009 |
20090089199 | BLOCK TRADING SYSTEM AND METHOD PROVIDING PRICE IMPROVEMENT TO AGGRESSIVE ORDERS - In a trading system for trading securities or the like, traders are given various methods for providing protection from poor executions caused by adverse movements in the market and/or other traders seeking to “game” the system. | 04-02-2009 |
20090089200 | PRE-EXECUTION CREDIT CONTROL - Systems and methods are provided to provide pre-execution risk or credit control for electronic financial derivative product trading. A portfolio risk management analysis method, such as the Standard Portfolio Analysis of Risk method, is used to determine how a new order will impact the overall credit or risk of a trading entity. The pre-execution risk control is performed on an order by order basis prior to order execution and may include an analysis of assets and orders for other financial products at the same or different exchanges. The risk level for a trading entity may be set by that trading entity, its clearing organization or the exchange. | 04-02-2009 |
20090089201 | Systems and Methods for an Online Credit Derivative Trading System - A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative. | 04-02-2009 |
20090089202 | ALGORITHMIC ORDER MANAGEMENT TOOL FOR TRADING FINANCIAL INSTRUMENTS - A method and an apparatus which provides a programmatic framework that can be used to rapidly build and deploy custom trading algorithms that are used for automated algorithmic handling of orders in the context of electronic trading of financial instruments are provided. The algorithmic trading framework can be fully integrated with an existing order management system. | 04-02-2009 |
20090089203 | Marriage Obligation Fulfillment Trust Method and System - By creating a self-determined interest rate platform, a trust fund can be transferred on the platform through a bidding process, so that risk oriented consigners can expand their credit to increase their investments, enhancing assurance to a beneficiary. On the contrary, this can increase interest income of discreet consigners through direct low-cost financial transactions. By creating a trust fund transaction platform, individual consignment funds can reflect the cash demand in the money market on the platform, so that the number of participants can increase the strength of marriage trusts and expand the trust fund market. | 04-02-2009 |
20090089204 | STOCK ACCOUNT/ORDER/MARKET PRICE INQUIRY SEVICE METHOD USING A MOBILE TERMINAL - Disclosed is a stock account/order/market price inquiry service method using a mobile terminal that is able to perform a stock account/order/market price inquiry service through a mobile terminal using a stock chip. A stock account/order/market price inquiry service method comprising the steps of: (1) displaying a lower menu page on a mobile terminal of the stock account/order service after a PIN authentication; (2) generating an account/order service request message on the basis of stock chip information read from a stock chip and service request information corresponding to the lower menu and then transmitting the same to a relay server; and (3) receiving a service response message corresponding to service request message from the relay server and displaying the same on the screen of a mobile terminal. | 04-02-2009 |
20090094151 | Method and apparatus for improved electronic trading - A method and apparatus for outputting data that represents the change in value of an options premium that would have resulted if the options traded in a direct linear volume relationship with its underlying security is provided. Input values utilized include a delta value, a gamma value, a value-weighted average price of an underlying stock, a reference price of the underlying stock, and an original order premium value. | 04-09-2009 |
20090094152 | Systems and Methods for Allocating Size Among Trading Accounts - A system and method for allocating trades of financial instruments among multiple accounts comprising aggregating orders, wherein each order is associated with an account, and wherein each order has an original order size; allocating an executed order based on the aggregated order in a phase I allocation, wherein the phase I allocation is allocated on a pro-rata basis based on the original order size for each account, except for those accounts that would receive an amount less than a minimum allocation; allocating a remainder from the phase I allocation in a phase II allocation, wherein the phase II allocation is allocated among selected accounts in an amount greater than or equal to the minimum allocation or an amount that fills the original order size; repeating the phase II allocation until a remainder from the phase II allocation is less than the minimum allocation; and allocating a reminder from the phase II allocation in a phase III allocation according to predetermined criteria. | 04-09-2009 |
20090094153 | Bidding Language For Combinatorial Auctions And Method Of Use Thereof - In a computer-implemented method for finding a high quality allocation of one or more bids in a combinatorial auction, a number of bids is electronically received. Each bid includes a number of sub bids and a Boolean operator logically connecting each pair of sub bids. Each sub bid is either (1) a good and an associated price or (2) one of the Boolean operators associated with a price and at least two other sub bids. From a number of allocations of goods to sub bids, wherein each allocation of the goods is to a different set of sub bids, an allocation is output that has the greatest value. The value of each allocation includes of a sum of prices of bids that have at least one satisfied sub bid. The price of each bid includes a sum of the prices associated with each satisfied sub bid of the bid. | 04-09-2009 |
20090099951 | ACQUISITION OF ONLINE AUCTION ITEMS THROUGH A GLOBAL POSITIONING SYSTEM - In an example embodiment, a method is provided. The method may comprise receiving an auction item identifier from a global positioning system (GPS) apparatus. Auction data associated with the auction item identifier is accessed and transmitted to a voice portal server. The voice portal server may call a telephone number and receive a request to acquire the auction item. | 04-16-2009 |
20090099952 | Trading System for Handling an Order Matrix - An exchange system and a method for trading orders on an exchange market and a related broker workstation. One or more user defined order matrixes allows a user to design a trading strategy by manually, or by means of algorithms using current and/or historical market data, determine trading parameters such as part order size, price level, time delay between consecutive part orders. An order having a total volume and at least one such order matrix associated therewith is received from a market participant. The order matrix specifies predetermined portions of the order's total volume. A first portion of the order's total volume is determined in accordance with the order matrix and information is sent to display the that portion to the market. A next portion of the order's total volume is generated in accordance with the order matrix and information is then sent to display that portion to the market. | 04-16-2009 |
20090099953 | METHOD, COMPUTER PROGRAM PRODUCT, AND APPARATUS FOR PROVIDING REVERSE AUCTION TRANSPORT SERVICES - A method, computer program product, and apparatus for providing reverse auction services are provided. A reverse auction request for transportation or a reverse auction request for delivery is received from a communications device. Geographical location information of an origination location and a destination location for the reverse auction request for transportation or delivery is received from the communications device. The reverse auction request for transportation or delivery is transmitted. Bids to the reverse auction request for transportation or delivery are received. The bids to the request for transportation or delivery are transmitted to the communications device. | 04-16-2009 |
20090099954 | Systems and Methods for Managing Zoning Information - A computer system and method that enables a user to meet the appropriate zoning, special use permit, and variance requirements for one or more zoning jurisdictions. The user may query a database for the zoning requirements and zoning requirement changes, facilitate the zoning processes, and generate deliverables for the various jurisdictions. An applicant of a zoning project may request and receive bids from contractors on the applicant's zoning project. The bid request is automatically populated with the relevant jurisdictional requirements. | 04-16-2009 |
20090099955 | Convex parimutuel contingent claim market mechanism - A convex paramutuel call auction implemented at a central market organizer computer includes receiving orders from market participants, calculating a quantity of accepted bids for each of the orders, and communicating to the participants the calculated quantity of accepted bids for each of the orders. Each order includes a specification by a participant of contingent claims on outcomes of a future event, a limit bid price, and a limit bid quantity. The calculation involves maximizing an objective function given by an approximate profit to the market organizer plus a weighted logarithmic penalty function. Because the formulation is convex, the solution may be computed in polynomial time using standard techniques, such as a path-following algorithm. | 04-16-2009 |
20090099956 | SYSTEM, METHOD, AND REPO DERIVATIVE FINANCIAL INSTRUMENT AND MARKET FOR CONDUCTING REPO SWAP/CFD TRANSACTIONS - A system and method for facilitating a “swap” between the floating and fixed rate markets, and a financial instrument and a market for trading such instruments, based on such transactions. The basis of this new swap/contract is to establish a fixed rate versus floating rate “swap” in the repo market. The floating rate is generally the daily broker averages, but the floating rate could be a quarterly or monthly rate. Quarterly or monthly “floaters” will be more popular in general collateral SWAP/CFD trades. | 04-16-2009 |
20090106140 | GLOBAL FIDUCIARY-BASED FINANCIAL SYSTEM FOR YIELD & INTEREST RATE ARBITRAGE - A supply-and-demand-driven, bankless, interest-rate and yield-setting mechanism for a fiduciary-based financial system that includes parties who want to trade cash and assets as a way of originating arbitrage transactions for the purpose of making money, includes an interest-rate and yield-setting mechanism constructed to provide the parties with the rates and yields necessary to cooperatively mine arbitrage opportunities and, in turn, make money. The mechanism is constructed to operate according to a market-driven, rate-setting process that establishes interest rates without the participation of banks, and may be constructed for a global fiduciary-based financial system to operate in parallel with the global banking system. Many system and method embodiments are proposed, including an automated arbitrage trading-platform system, and a method of providing an alternative international fiduciary financial system that manages investments and risks associated with the transfer of funds between different parties, while enabling non-banking entities to provide traditional banking services without violating national and international banking laws. | 04-23-2009 |
20090112749 | DYNAMIC WEB-BASED CONTENT BROKERAGE AND REVENUE SYSTEM - Systems and methods are disclosed for brokering media content or segments created by media creators for use by licensees on a website or webpage of the licensees. The media creators upload their media to a hosting database via an account, and potential licensees bid for the right to be a licensee and to use the media on their webpage. The highest bidding licensee receives a permission authorizing the delivery and display of the media on their webpage, via the database recording the actual page views and deliveries for calculating a license fee to be paid to the host and to the media creators for use of the media thereon. | 04-30-2009 |
20090112750 | Concisely Expressed Combinatorial Auction Problem Solving Method - In a method of determining an optimal allocation in a combinatorial auction, a plurality of bids is received. Each bid includes a plurality of sub bids. Each sub bid includes either one good and a price associated with the good or a logical operator logically connecting at least two child sub bids and a price associated with the logical operator. For each sub bid, the price associated with the good or the logical operator is either an explicit price that is included with the sub bid or is assigned a value of zero when the sub bid does not include an explicit price. An objective is defined for the plurality of bids. For each bid, a plurality of mathematical relationships collectively representing the bid without logical operators is defined. The received bids are processed to achieve the objective subject to the mathematical relationships. | 04-30-2009 |
20090112751 | 2-Phase auction design and implementation - A system and method for implementing and conducting a 2-phase clock and sealed-bid auction for a multi-part product includes more than one remote computer stations connected to a network, a web server to receive and store bid information and auction parameters. The web server can include application software configured to initiate a clock phase and a sealed-bid phase. The clock phase generally includes presenting bidders with an initial price structure for the multi-part product, receiving bids from each of the bidders, storing the bids, and comparing the bids to a transition rule. The software can initiate the sealed-bid phase based on the comparison between the bids and the transition rule. The seal-bid phase generally includes providing sealed-bid parameters to the bidders, receiving a sealed-bid from the bidders, and determining an auction winner based on a selection rule. | 04-30-2009 |
20090119196 | METHOD AND A SYSTEM FOR CONCLUDING AN ELECTRONIC COMMERCIAL TRANSACTION BASED ON A CONDITIONAL OFFER - There is provided a method for concluding an electronic commercial transaction based on a conditional offer, the method comprising receiving a conditional offer associated with a trading product, said conditional offer being originated from a first trading party; receiving a conditional offer acceptance in response to the conditional offer, where the offer acceptance is conditioned on the satisfaction of at least one condition, the conditional offer acceptance being originated from a second trading party; determining if the at least one condition is satisfied; and concluding or declining the electronic commercial transaction between the first trading party and the second trading party as a function of the determining. There is further provided a system for concluding an electronic commercial transaction based on a conditional offer. | 05-07-2009 |
20090119197 | METHOD AND SYSTEM FOR PROVIDING AGGREGATION OF TRADING ON MULTIPLE ALTERNATIVE TRADING SYSTEMS - A method for performing financial trading amongst a plurality of alternative trading systems using a common financial computer platform. The method including the steps of receiving at the common financial computer platform a buy-order for a prescribed number shares at a prescribed price. Electronic communication is then established between the common financial computer platform and each of the plurality of alternative trading systems. At least a portion of the buy-order is then submitted from the common financial computer platform to each of the plurality of alternative trading systems. The common financial common platform then monitors each of the plurality of alternative trading systems to determine if at least a portion of the buy-order was executed by one of the plurality of alternative trading systems. And if yes, then that indicated execution for one of the plurality of alternative trading systems is automatically accepted and automatically canceled are the remaining buy orders that were submitted to the other alternative trading system which were not yet executed. | 05-07-2009 |
20090119198 | Method for Domain Trading - A method for domain portfolio trading involving the assessment of risk level based on various tangible criteria and applying this determination to the assignment of a value. Once the aggregated level of risk and actual value number are determined, a real-time, online domain portfolio trading mechanism allows those involved to track, move, implement and otherwise conduct business in an instantaneous environment. | 05-07-2009 |
20090119199 | Loan determination method and apparatus - The method of determining the best mortgage loan interest rate, that includes the steps, selecting a group of bid participating banks, and/or mortgage lenders willing to participate in a generally simultaneous, or by a deadline, bid competition, causing the group to submit generally simultaneous, or by deadline, available and quoted loan rate bids to compete, allowing members of the group to revise said quoted rates after review of other member quoted rates, and selecting one of said submitted bids as a winning low rate loan bid. | 05-07-2009 |
20090119200 | Methods and systems for providing a beta commodity index - In at least one aspect, the invention comprises a computer-implemented method comprising: electronically receiving data regarding prices of exchange-traded futures contracts on physical commodities; selecting, based on said received data, one or more of said futures contracts to be referenced by a commodity index; identifying, on a periodic basis, one or more deferred futures contracts into which said selected one or more futures contracts will roll; and providing one or more derivative products linked to said commodity index. In at least one aspect, the invention comprises a commodity index that references exchange-traded futures contracts on physical commodities, wherein one or more deferred futures contracts into which the futures contracts will roll are identified on a periodic basis, and wherein said one or more deferred futures contracts are identified based on an effective spot price. In at least one aspect, the invention comprises a derivative product linked to a commodity index. | 05-07-2009 |
20090119201 | System and Method for Facilitating Trading of Multiple Tradeable Objects in an Electronic Trading Environment - A system and method are provided for trading multiple tradeable objects. One example method includes displaying at least one combined quantity indicator representing a combined quantity associated with at least two tradeable objects, detecting an input associated with an order for a predetermined order quantity in relation to one of the combined quantity indicators, and allocating the order quantity between the at least two tradeable objects using at least one quantity allocation rule. In one example embodiment, a plurality of quantity allocation rules can be user-configurable, and different rules can be defined and applied in relation to different order types. | 05-07-2009 |
20090125431 | Displayed and dark equity options electronic order book with market maker participation - An enhanced system and method for executing options trades are disclosed. The lead market maker entitlements are integrated with sophisticated order types, including dark order types, so that the lead marker maker is guaranteed an allocation of the trade if the lead market maker is at the NBBO when an order priced at or better than the NBBO is received. The lead market maker is not provided an opportunity to price improve to execute with a specific incoming order. Additionally, market makers who are not the lead market maker in an option series may be granted the privileges of a lead market maker for the purpose of executing with a specific incoming directed order if the designated market maker is at the NBBO when a directed order priced at or better than the NBBO is received. The system and method disclosed encourages market makers to quote the best price possible, which in turn has the effect of narrowing spreads. Furthermore, as only displayed orders at the NBBO are eligible to execute ahead of market makers quoting at the NBBO, the system and method encourages users to display their best prices and sizes to the marketplace. | 05-14-2009 |
20090125432 | Reverse Auction Based Pull Model Framework for Workload Allocation Problems in IT Service Delivery Industry - A call center system for allocating problem tickets for technical services by using a pull model auction to select an agent to work on the problem ticket. When the call center receives an order for a technical service, it develops a complexity estimate for the tasks specified in the problem ticket, and calculates deadlines for completing the problem ticket and for conducting the auction. Invitations to bid on the problem ticket are sent to potential agents on a bidder's list. The winning bid is selected from among the bids received back from the potential agents, and, after evaluating the bids, the problem ticket is transferred to the winning agent. | 05-14-2009 |
20090125433 | Best pre-match routing (of foreign exchange orders) - This invention relates to a method of matching Foreign Exchange orders in a system comprising a market taker, a third party system and a matching host system. The method comprises the steps of the market taker sending an order to the matching host system and the matching host determining whether the order can be filled. If the order cannot be filled immediately, the matching host duplicates the order and sends a copy of the order to the third party system. Once one of the third party and the matching host become able to fill the order, the matching host cancels the order from the other of the third party and the matching host. It is possible to commit to orders in the matching host and roll back those orders if they have been fully or partially filled in the third party system so that orders are not filled twice. | 05-14-2009 |
20090125434 | Method of handling EFP transactions - This invention relates to a method of handling exchange for physical (EFP) transactions in a system comprising a matching host, at least one customer and at least one market maker. The method comprises the steps of the customer sending an order to the matching host, the matching host normalising the order and on finding a match to the normalised order offered by a market maker, simultaneously generating a spot transaction and a swap transaction before reporting details of the simultaneously generated spot and swap transactions. By normalising the order, the EFP transaction is handled in a very simple and efficient manner, whilst complying with all necessary and relevant regulatory requirements. Furthermore, by simultaneously generating both the spot transaction and a swap transaction to fulfill the order, the matching host fulfills the relevant regulatory requirements to carry out the EFP transaction in a manner that will stand up to subsequent scrutiny. | 05-14-2009 |
20090125435 | Trading Plaftorm System and Method for Diamond and Precious Stone Transactions - The transaction method and system facilitates sales of diamonds or stones. A searchable database of stones includes, for each stone, an offer to sell, a weight-carat, other stone characteristics and an electronic copy of a grading lab certificate which uniquely identifies each stone from all other stones in the database. A search displays, for each stone, the offer and stone weight, stone characteristics and electronic access to the stone's certificate. The system permits a prospective buyer to “buy now,” which closes the transaction at the posted offer, or “bid now” wherein the system logs a bid value and an expiry time. Other bids are posted and displayed, in a primacy order until (a) the seller “buy now at the bid” or (b) withdraws the offer or (c) replaces the offer with a subsequent offer. Preferably, offers: displayed in time sequence and bids: displayed by primacy of price and expiry. | 05-14-2009 |
20090125436 | RENEWABLE ENERGY TRUST SYSTEM AND METHOD - A renewable energy trust system and methods of using same are disclosed. In certain embodiments, a renewable energy trust is funded and the trust funds or a portion thereof are used to develop renewable energy. | 05-14-2009 |
20090125437 | Direct on-line mortgage auction network - The present invention provides a computerized (Internet, online) network for home mortgage borrowers to compete against each other and other mortgage companies (brokers) in an auction format for certain pools of funds. These funds are provided to the auction from the secondary mortgage market in pools on a daily (hourly) basis. The present invention provides qualified participants with a direct link to the secondary mortgage market, hence bypassing some middlemen (wholesalers and retailers) in the process. Participants go to a common Web site and complete a loan application. The participants then electronically submit the loan application to the common Web site. The loan application is then underwritten, and if approved, the participant is issued an approval code. With the approval code, the participant can then submit a bid at the auction. Subsequent to the approval of the bid, the borrower can close escrow at the interest rate and the bid price. The auction can change on a daily (hourly) basis, as pricing of the loan products is in real time figures. | 05-14-2009 |
20090125438 | TRADING TOOL TO ENHANCE STOCK AND COMMODITY INDEX EXECUTION - The invention provides systems and methods for providing replicable financial instrument orders, and establishing a fill price that is better than the theoretical upper limit of the industries' best order execution. The system has the capability of transforming a client's index order into a replicable product, such as index futures and/or baskets of the underlying stocks. The system selects whichever method and combination of securities that will achieve the best expected execution for the particular market. The system achieves the best price and execution efficiency by utilizing dynamic market information across all possible liquidity formats, liquidity pools, and high performance trading systems, delivering a product that has multiple forms at the best possible price. The result is a better final execution price that outperforms current industry practices for best order execution. The system delivers the fill order in the original liquidity format at the price, or equivalent price, of the replicable product. | 05-14-2009 |
20090132408 | Auction for financially settled contracts - Various embodiments show a system for conducting an auction for a plurality of financially settled contracts: The system may comprise at least one processor. The at least one processor may be programmed to receive a plurality of first participant bids from a first participant and a plurality of second participant bids from a second participant. The at least one processor may also be programmed to match a batch of bids to create a plurality of awarded bids. The contracts may include, for example, an oil contract, a coal contract, a natural gas contract, an electricity contract, a weather contract, a weather-related events contract, a commodities contract, location specific service contracts (e.g., passenger contract and/or freight contracts). | 05-21-2009 |
20090132409 | TRADING SYSTEM PRODUCTS AND PROCESSES - A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described. | 05-21-2009 |
20090132410 | Method and Apparatus for Prime Brokering Financial Transactions - Method and apparatus for managing financial transactions for multiple counterparties that allows traders, market makers, dealers, and prime brokers to negotiate with multiple liquidity providers simultaneously, and to receive and respond to transaction processing directives and settlement instructions in real time. The invention, which may be accessed over an interconnected data communications network, such as the Internet, using a standard Web browser, as well as via a proprietary user interface, automatically provides customers, traders, executing banks, funding banks, prime brokers and liquidity providers with up-to-date settlement and allocation details for previously-executed financial transactions as they are received. | 05-21-2009 |
20090132411 | Methods and systems for providing a constant maturity commodity index - Methods and systems provide a commodity index for investing. In one implementation, a method selects a commodity component for inclusion in the commodity index and calculates a target weight of the commodity component. The method further selects a time interval for maturity of the commodity component to be fixed at from a current date. Financial instruments may be purchased corresponding to the commodity component. | 05-21-2009 |
20090132412 | Price improvement crossing system - A method provided for matching a buy order having a buy order price and a sell order having a sell order price that includes the step of determining if the buy order price is not less than the sell order price. Next, an NBBO price range is identified and it is determined whether the buy order price and the sell order price are within the NBBO range. A midpoint between the buy order price and the sell order price is then calculated. Finally, the buy order and the sell order is matched at the midpoint if the buy order price is not less than the sell order price and the buy order price and the sell order price are within the NBBO range. | 05-21-2009 |
20090138395 | SYSTEMS AND METHODS FOR AN ONLINE CREDIT DERIVATIVE TRADING SYSTEM - A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative. | 05-28-2009 |
20090144186 | Financial Product Design and Implementation - A front-to-back application suite may integrate new financial products on the fly, without a long development phase. A financial product type, such as a derivative product or structured product, may be created and integrated into a financial management suite for pricing, risk management analysis, deal capture, and trading activities. Information describing a financial product type, including one or more financial instruments and parameters, is received via a user interface and a meta language data script is generated to define the financial product type. A corresponding software object may be generated from the markup language data script and then invoked, for example, by interpreting code of the software object via a virtual machine. The new financial product type may be integrated into the financial management suite, so that specific deals may be created based on the financial product type and then trading activities involving the new deal may be performed within the financial management suite. | 06-04-2009 |
20090144187 | SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT FOR DETERMINING UNDISCLOSED ORDER VOLUME - Systems, methods, and computer program product for generating a report or document including a data representation reflecting a distribution of hidden trade order volume across different locations and a relative size, including average hidden order volume, volume executed against hidden orders, as a percentage of total trading volume by exchange, liquidity group and time bins. Order execution data is received for a plurality of executed trades via an electronic quotation feed associated with an electronic trading forum for trading both displayed orders and non-displayed orders. For a plurality of time periods, the location within the best bid, best offer spread, of each executed trade of the plurality of executed trades, is determined by comparing the price of each executed trade for hidden orders to quotes on a limit book for the electronic trading forum at a point in time substantially immediately before the corresponding executed trade. | 06-04-2009 |
20090150277 | Automated Trading System with Position Keeping - In a method and a system for executing automated matching of financial instruments, an order book of the automated trading system in which orders are placed is interconnected with a position-keeping system or module. This is done in a way such that a controlling unit connected to both the order book and the position-keeping system can cancel orders in the order book, if, when an order is traded, insufficient collateral remains for any remaining order in the order book to be covered if traded. The methods and systems can advantageously be used in automated trading systems having a central counterpart. | 06-11-2009 |
20090150278 | System and method for optimizing the reserve price and allocation of web page placements in an online keyword auction using generalized trade reduction - An improved system and method is provided for optimizing the reserve price and allocation of web page placements in an online keyword auction using generalized trade reduction. To do so, a generalized trade reduction engine may be provided to convert an implementation of an online keyword auction into a double-sided auction that may optimize the reserve price and allocation of web page placements to maximize revenue. An online keyword auction may be converted into a double-sided market by turning every bidder in the auction into a buyer and every web page placement into a virtual seller. The allocation of buyers and sellers may be divided into disjoint procurement sets and the generalized trade reduction engine may add or remove procurement sets in iterations until conditions of competition among remaining traders may be fulfilled to optimize the reserve price and allocation of web page placements to maximize revenue. | 06-11-2009 |
20090150279 | DEVICE, SYSTEM, AND METHOD OF ONLINE TRADING - In some embodiments, a system may include a memory having stored thereon trading-application instructions; and a processor to execute the trading-application instructions resulting in a trading application, wherein the trading application is able to cause a display device to display to a user a visualized trading tool corresponding to a trade position of the user with relation to a financial instrument, wherein the visualized trading tool includes at least one graphical element representing the trade position, and one or more user-controllable graphical indicators representing one or more respective position-related parameters of the trade position, and wherein the trading application is able to receive an input responsive to movement of at least one of the graphical indicators and to dynamically update the trade position based on the input. Other embodiments are described and claimed. | 06-11-2009 |
20090150280 | INTELLECTUAL PROPERTY TRADING EXCHANGE - A computerized intellectual property trading exchange is disclosed for facilitating the trading of license contracts relating to intellectual property rights. The exchange includes at least one intellectual property license contract relating to intellectual property rights and a computer-accessible forum configured to allow a plurality of participants to trade the license contract. The plurality of participants includes at least one seller, which may be the owner, having the license contract and desiring to trade the license contract. The plurality of participants also includes at least one buyer desiring to obtain the license contract. The buyer may be an investor, speculator, market maker, or arbitrageur, who purchases the license contract to achieve appreciation. The buyer also may be a licensee, who purchases the license contract to practice the intellectual property rights. | 06-11-2009 |
20090150281 | ELECTRONIC NETTING SYSTEM FOR BILATERAL TRADES - An electronic netting system. The system may include: (a) a plurality of individual, segregated counterparties for providing bilateral trades, (b) a multi-lateral transaction hub, and (c) a trading system in communication with the transaction hub. The multi-lateral transaction hub may be for (i) providing an aggregation of trades between the counterparties, (ii) providing for multi-lateral netting of selected and authorized bilateral trades, and (iii) apportioning the accumulated trade values among the counterparties according to pre-determined netting parameters including a weighted distribution selectable by at least one of the counterparties. The transaction hub may include: (i) a trade processing system and (ii) a netting system in communication with the trade processing system for providing for the optimized, multi-lateral netting of selected and authorized bilateral trades and apportioning the accumulated trade values among the counterparties. | 06-11-2009 |
20090150282 | MARKET-INDEXED MORTGAGE SYSTEM AND METHOD - A market-indexed mortgage system and method are provided that enable one or more borrowers to finance or refinance a real estate property and have at least a portion of the payments indexed to local relevant real estate values. The mortgage loan provides upfront liquidity to purchase or refinance the property; the borrower has payment stream going back to a lender (or holder of the note) wherein one or more payments are adjusted or determined based on the index. Such market-based mortgage loans can be pooled in a fund and fund shares can be issued against the fund. The mortgage can be a residential mortgage in which the regular (e.g. Monthly) payments (interest and or principal) fluctuate with a price index for the local house market. Balance upon prepayment can also fluctuate with such an index. | 06-11-2009 |
20090157539 | Diverse options order types in an electronic guaranteed entitlement environment - An enhanced system and method for handling, matching and executing a diverse group of limit-priced orders in an electronic options environment is disclosed. Most of the order types disclosed are automatically repriced and reposted as the NBBO changes to increase their execution opportunities. Market maker entitlements are integrated with the order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when an order priced at or better than the NBBO is received. Once posted to the order book, the displayed price of an order may be eligible for preferential execution in a market maker entitlement process, regardless of whether the displayed price is original or has been automatically repriced. | 06-18-2009 |
20090157540 | DESTINATION AUCTIONED THROUGH BUSINESS OF INTEREST - In order to provide advertising to a user concerning an intended travel destination, an auction takes place where multiple companies place bids to have an advertisement disclosed. Bid selection can take place according to various parameters, including matching a user interest, a bidder that offers a highest price, etc. Bids can be solicited and then received—once a bid is selected for presentation, the advertisement can be received, evaluated, and then presented to a user. | 06-18-2009 |
20090157541 | AUTOMATED TRADING SYSTEM AND METHODOLOGY FOR REALTIME IDENTIFICATION OF STATISTICAL ARBITRAGE MARKET OPPORTUNITIES - A program for identifying and automatically acting on statistical arbitrage opportunities between related equities and contracts. The present invention describes an improved technique to perform statistical-pairs arbitraging in a dynamic marketplace with less risk than prior art approaches. The present invention employs an array of recent data and performance ratios involving bid and ask prices for correlated items, such as stocks. | 06-18-2009 |
20090164358 | MERCHANDISING FOR HIGHER BIDS - A method and a system for merchandising for higher bids are provided. In example embodiments, a proposed price for a first listing may be received from a user. In response to receiving of the proposed price, a message may be conveyed to the user when the proposed price is lower than an expected price for the first listing. In supporting the message, the user may be provided with price and popularity information related to one or more second listings similar to the first listing. | 06-25-2009 |
20090164359 | SINGLE ACTION BIDDING - Apparatus, systems, and methods may operate to present an item for bidding as part of an electronic auction conducted by a networked computer system, and to present a request for a single action bid by a bidder to simultaneously enter and confirm a single action bid amount for the item. Additional apparatus, system, and methods are disclosed. | 06-25-2009 |
20090164360 | REAL ESTATE TRANSACTION SYSTEM USING REAL ESTATE SECURITIES AND METHOD THEREOF - Provided are a real estate transaction system and method using real estate trust that are capable of lessening a burden on a residence right holder and investors by securitizing real estate and selling a plurality of divided securities including a security for ownership and a security for investment. A real estate special purpose company buys real estate and divides a right for real estate into a residence right and an investment right that is transacted as an investment security at a real estate security exchange, like normal security, with the residence right and the investment right having different dividend percentages, such that a buyer desiring actual residence resides on the property by paying only a portion of the price of the real estate and a person desiring investment invests in real estate for desired equity. | 06-25-2009 |
20090164361 | Last Call for a Real Estate Property, a Chattel or a Financial Instrument for Online and Off-line Uses - A method of advertising, marketing and auction sale of real estate properties, chattel properties and financial instruments and more particularly a method of handling last minute Internet online and in person off-line bidding extensions are described. Internet websites have been designed for this purpose such that prospective customers or interested bidders may view property specific photographs and information, financial and credit information and other details with respect to a property. In the Internet bidding format and the in person off-line bidding format, as long as at least one bid is made within an established bid period before the bid deadline, the bidding can be extended for a pre-determined amount of time. | 06-25-2009 |
20090171830 | Payment Transaction System - A system for allocating a resource used in payment transactions is disclosed. The system includes an allocation module that allows a user of a payment device to specify a class of good or service and an allowable resource amount that can be charged to a user account for the selected class of good or service and a control module that authorizes a charge to the user account based on the selected class of good or service and the allowable resource amount. | 07-02-2009 |
20090171831 | Managing an Insurance Plan - Described are computer-based methods and apparatuses, including computer program products, for managing insurance plans. Multiple bids are received from multiple reinsurance companies for the price of a unit of an insurance product (e.g., a fixed annuity paying ten dollars a month starting at the age of sixty five). The unit of the insurance product is associated with a set of one or more risk factors (e.g., age, range of ages). A bid is selected from the bids based on a relationship between the bids (e.g., lowest bid, lowest weighted bid). The selected bid is associated with a selected reinsurance company. Units of the insurance product associated with the selected bid are offered to participants associated with the set of one or more risk factors. | 07-02-2009 |
20090171832 | METHOD FOR DISPLAYING MULTIPLE MARKETS - A method is provided for displaying contract information for a plurality of markets within the single window of an electronic display, and displaying a price axis common to the displayed plurality of markets. In a preferred embodiment the electronic display is a computer monitor and the price axis is on the vertical axis of a graph within the single window displaying contract information for the plurality of markets. | 07-02-2009 |
20090171833 | SYSTEM AND METHOD FOR DISPLAYING AND/OR ANALYZING A LIMIT ORDER BOOK - According to one embodiment, a method of generating a display of a limit order book is provided. Data regarding a plurality of limit orders entered onto an electronic market is received and recorded, at least temporarily. The data regarding each limit order includes a price and a time associated with that limit order. Based on the received data, a graphical display is generated that indicates, for each recorded limit order entered into the electronic market within a period of time, the price and the time associated with that limit order. The price associated with each limit order is indicated by a first axis of the graphical display and the time associated with each limit order is indicated by a second axis of the graphical display. The graphical display may be displayed using an electronic display device. | 07-02-2009 |
20090177572 | SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT FOR PROVIDING AN EFFICIENT TRADING MARKET - A system, method and computer program product for providing a trading exchange are disclosed. A request for conducting trade of a security is received from a user. The security associated with requested trade is evaluated to generate a derivative security. A trade is then executed for the user using the derivative security. Information relating to the executed trade is captured utilizing a network so that the captured information can be utilized to adjust an account of the user in accordance with the executed trade. | 07-09-2009 |
20090177573 | SYSTEM AND METHOD FOR MANAGING RELATIONSHIPS BETWEEN BROKERS AND TRADERS - According to one embodiment, a method of managing access to a trading network is provided. A first network login request for a first user is received from a client application. The first network login request includes first authentication information. Based at least on the first authentication information, the first network login request is approved, which authorizes the first user to access the trading network. One or more associated users for which the first user is authorized to act as a proxy is identifying from a plurality of users. User profile information for one of the associated users is obtained and communicated to the client application. The user profile information includes information regarding the second user that can be used to allow the first user to engage in trading activity via the trading network on behalf of the second user. | 07-09-2009 |
20090177574 | METHODS AND SYSTEMS FOR PURCHASE OF COMMODITIES - The invention is directed to methods and systems for commodities procurement with concomitant hedging. The invention enables automatic commodity purchase at a desired basis level when a seller's price matches a buyer's basis bid and concomitantly automatically placing an electronic commodities order to hedge the buyer's purchase. | 07-09-2009 |
20090177575 | SYSTEM AND METHODS FOR ACQUIRING AN INTEREST IN REAL PROPERTY - Methods and systems for implementing investment options on a real property. An owner of the real property may sell a Call option that gives the owner a consideration in exchange for an option to purchase the property at a strike price at some point in the future, wherein the strike price is set to a percentage of the initial fair market value of the property. The Call option may also give the owner the right to participate in the net appreciation of the property upon sale. The owner may purchase a Put option that gives the owner a stop-loss in the event of a market downturn or the depreciation of the property's value. By placing a Collar, a bundled Call and Put option, around the real property, the owner may diversify his/her exposure to market downturns in exchange for a piece of the upside. | 07-09-2009 |
20090182657 | Distributed ranking and matching of messages - A method for managing messages in a computer system is described. The method comprising the steps of; receiving a plurality of order/quote messages via an input mechanism, ranking the order/quote messages based on the at least one ranking value parameter at a first ranking unit, sending at least one top ranked order/quote message from the first ranking unit to a matching unit, matching the top ranked order/quote messages at the matching unit. A computer system and a processor for inter alia performing the method are also enclosed. | 07-16-2009 |
20090182658 | AUTOMATIC FINANCIAL INSTRUMENT TRANSACTION SYSTEM - A computer-based transaction system manages representations of a plurality of positions in a first type of financial instrument, such as bond future contracts. The transaction system, at a first predetermined time, converts each position in the first type of financial instrument into a corresponding position in a second type of financial instrument, such as bonds. At a second predetermined time that is after the first predetermined time, the transaction system converts each position in the second type of financial instrument into a position in the first type of financial instrument. | 07-16-2009 |
20090182659 | Method of selling using auction style bidding - The invention relates to an auction like bidding process establishing the value of an asset; the sale of the asset going to whomever pays first. This differs from the established auction protocol where the seller is obliged to pass the asset to the highest bidder. With this method, the seller's contractual obligation does not limit the seller to transferring ownership rights to the participants in the bidding process. | 07-16-2009 |
20090182660 | SYSTEMS AND METHODS FOR PROVIDING ENHANCED VOLUME-WEIGHTED AVERAGE PRICE TRADING - Systems and methods for providing trading using an eVWAP price in an illiquid market are provided. In an illiquid market there may be little or no actual trades. During a trading period, the eVWAP price is therefore determined from not only trades, but also unmatched bids and offers. The eVWAP price is determined when new information becomes available or at a specified time interval. The final eVWAP price is determined when the sampling period ends. Once the final eVWAP price is determined, the value of the final eVWAP price is published for use as a price to settle a contract. | 07-16-2009 |
20090187503 | GENERATING CONTENT TO SATISFY UNDERSERVED SEARCH QUERIES - Generating content to satisfy search engines queries is described. A knowledge base including a plurality of prior search queries for a search engine and corresponding prior search results provided by the search engine is accessed and a plurality of underserved search queries are identified, wherein each of the underserved search queries comprises a search query pattern having a below threshold number of search results. Each of the underserved search queries are heuristically related to one another. The plurality of underserved search queries are aggregated into a taxonomy category having a set of associated attributes, the attributes descriptive of the plurality of underserved search queries. Targeted content is generated based on the attributes, wherein the targeted content is tailored satisfy the underserved search queries. | 07-23-2009 |
20090187504 | NON-TRADITIONAL FUTURES CONTRACT AND ASSOCIATED PROCESSING SYSTEMS - A computer implemented method and system is disclosed for trading a non-traditional futures contract representative of a price of an individual underlying commodity and/or an option on such a contract. The method and system comprises receiving a request from a customer to establish a position in the non-traditional futures contract of an individual underlying commodity. A contract price of the non-traditional futures contract is determined based on the current market price of the individual underlying commodity. The system and method determine whether available funds within an account corresponding to the customer exceed a predetermined amount. The non-traditional futures contract for the individual underlying commodity is established without any obligation to deliver or receive the commodity. The difference between the contract price and the market price of the individual underlying commodity at the expiration of the contract is calculated and the customer's account is settled based on the difference between the contract price and the market price of the individual underlying commodity at the expiration of the contract. | 07-23-2009 |
20090192930 | METHODS AND SYSTEMS FOR TRADING OPTIONS AND OTHER DERIVATIVES - In at least one aspect of the invention, systems are provided that comprise at least one computing device coupled to a plurality of other computing devices that are operable to retrieve market data for a plurality of risk reversals for a currency pair, determine a currency in which to quote skew for each of the risk reversals at a first time, determine that there has been a change in skew, and cause an interface screen to be displayed at least one of the other computing devices with a listing comprising the first and second risk reversals, the market data, and an indication of the change in skew of the at least one of the risk reversals. | 07-30-2009 |
20090192931 | METHODS OF LIQUIDATING PHYSICAL, DOCUMENTARY & OTHER ASSETS - Methods of enabling many, including the general public to convert their assets to stocks, such as common or preferred shares, bonds, warrants, etc., by providing an Entity which can accept assets in exchange for its stocks. Creating a market for said assets, for liquidating those without an efficient conventional market, especially after transferred to the entity is one adjunct to the methods. Providing a market for said stocks is another adjunct. Various other features to make the method appealing, acceptable to provides and users are introduced. | 07-30-2009 |
20090192932 | SYSTEMS AND METHODS FOR PERFORMING INTERNATIONAL MONEY EXCHANGES - Disclosed are systems and methods for effecting international online financial transactions between individuals or between individuals and entities such as banks, merchants and other companies. In one embodiment, requests for international currency exchanges are processed in batch form. A currency accumulator may be used to keep track of currency exchange requests, where each currency is assigned a notional “bucket,” which is a symbolic representation of a database entry for the monetary amount which has been requested to be exchanged for a given currency. When the contents of a particular currency's “bucket” reaches a given level, the monetary amount in the bucket may be exchanged for an equivalent amount of a second currency. | 07-30-2009 |
20090192933 | System and Method for Coordinating Automated and Semi-Automated Trading Tools - The present embodiments include methods, systems, and computer program products that provide tools for use in any type of electronic trading environment. In one aspect, leaning manager includes software that can be implemented on any type of computer device for tracking and/or coordinating the buying and selling of available market quantities by multiple automated or semi-automated trading tools. For instance, if more than one automated or semi-automated trading tool is leaning on the same tradeable object then the leaning manager may track and/or coordinate such action. The trading tools can use the tracked information and/or the allocated quantities and their prices to enhance their trading strategies. | 07-30-2009 |
20090198607 | ONLINE MAP ADVERTISING - Systems and methods for selecting advertisements for presentation in a map space are disclosed. Map requests are received, map spaces identified, advertisement bids are received for advertisement space within the map spaces, and advertisements are selected for presentation in the map space based on the advertisement bids. The advertisement bids can be selected through an auction. | 08-06-2009 |
20090198608 | SYSTEMS AND METHODS FOR AUCTIONING WIRELESS DEVICE ASSETS AND PROVIDING WIRELESS DEVICES WITH AN ASSET ALLOCATION OPTION - An auction bidding system is provided. The system allows media content providers, such as advertisers, to define bidding constraints for a targeted audience and bid on wireless device assets, such as wireless device memory, application, ringtone, wallpaper and the like, if a biddable wireless device asset is defined. Additionally, the system provides to wireless device users with an option to participate in the allocation of their respective wireless device assets, such as memory, application, ringtone, wallpaper and the like and define conditions, such as content type, time period, and the like, which is to be met in order for the allocation of the wireless device asset to occur. In one or more aspects, wireless device users may be compensated in some form based on their willingness to opt-in to the asset allocation plan. | 08-06-2009 |
20090198609 | FACILITATING MULTI-PHASE ELECTRONIC BID EVALUATION - A computer implemented approach to facilitate multi-phase bid evaluation. In one embodiment, a digital processing system receives information packets (corresponding to bids) from different suppliers containing information elements associated with one of a sequence of phases. On receiving an indication (from a buyer) that a specific phase of the bidding is to be evaluated starting at a time instance, the system allows the buyer access of elements associated with the specific phase only after the time instance, while allowing access to elements associated with a previous phase (occurring prior to the specific phase in the sequence of phases) even before the time instance. In a scenario where the suppliers who have successfully qualified in the previous phase are received, the system allows access of elements associated with the specific phase corresponding only to the qualified suppliers in response to the indication. | 08-06-2009 |
20090204532 | GRAPHICAL TRADING INTERFACE FOR VISUALIZING STOP ORDER DATA - A computer-implemented method for visualizing trading data may be used together with a graphical user interface of a computer system. The method performs the displaying of a price range including graduated price levels for a tradable item. Data of a stop order is received and evaluated to determine price levels associated with the stop order. Further, a graphical representation of the stop order is displayed in the price range according to the evaluated data. The method may be stored as computer-executable instructions. The instructions are executable by a processor of a computer system which may include a memory for storing the instructions and a display to be used for the visualization. Moreover, a computer-readable medium may include further computer-executable instructions which may perform creating of new price levels in the price range corresponding to each determined price level and calculating executable order volumes for each price level. | 08-13-2009 |
20090204533 | Stock trading limit order coupled link (LOCK) - This invention has the potential to generate very good return on investments from stocks that are conservative in movement. This invention will greatly benefit investors that do not have the time to constantly trade stock yet want to take advantage of normal price fluctuations. The Limit Order Coupled LinK (LOCK) invention, for example, will take a buy order, complete the transaction at the specified price, then automatically resubmits a new order to sell at a specified higher price. If specified, the process can automatically cycle through the buy-sell process a set number of time allowing the investor to take advantage of intra-day market moves and normal stock price fluctuations with no personal investor evolvement. The LOCK order, with set profit margins, allows on-line traders and brokers to place one order, which will automatically generate logical, sequenced additional orders returning a profit on each transaction. LOCK will benefit both the investor and the stock trading company. | 08-13-2009 |
20090204534 | METHOD AND SYSTEM FOR PROVIDING ORDER ROUTING TO A VIRTUAL CROWD IN A HYBRID TRADING SYSTEM AND EXECUTING AN ENTIRE ORDER - A method of providing orders to a virtual trading crowd in an exchange prior to automatically linking the order to an away market includes receiving a marketable order at the exchange, wherein the exchange price differs from a national best bid or offer (NBBO) price, routing the order to a trade engine, disseminating a request for price message, the request for price message including a price equal to the NBBO price, receiving a response message, initiating a quote trigger, wherein the quote trigger occurs for a period of N seconds, allocating at least a portion of the order according to an allocation algorithm, wherein an order size of each market maker is capped to prevent inflation of an allocated portion of the order, and allocating any remaining portion of the order to at least one predetermined market maker guarantor for execution at the NBBO price. | 08-13-2009 |
20090204535 | LARGE BLOCK TRADING - Systems and methods for administering trade orders are described. An embodiment comprises receiving, from a first server operated by a first trader, a communication including a first trade order and one or more selection criteria, the first trade order including at least one of a specified instrument, a specified quantity, and a specified price; determining that a database of trade orders does not contain a trade order matching the first trade order; identifying a plurality of traders satisfying the selection criteria; sending, to a plurality of second servers, a query including at least one of the specified instrument, the specified quantity, and the specified price; receiving, from a one of the plurality of second servers operated on behalf of a second trader, a positive response to the query; and facilitating execution of a trade between the first trader and the second trader for the specified instrument at the specified price. | 08-13-2009 |
20090204536 | METHODS AND SYSTEMS FOR NETWORK LOAN MARKETING - Methods and systems for trading financial products such as loans over a network such as the Internet that includes receiving information relating to the financial product offered for sale on behalf of a seller, making the information relating to the financial product available over the network, receiving a bid from a buyer, wherein the bid comprises at least an amount offered to purchase the loan, and performing due diligence on the financial product. Methods and systems also include storing the information in a data storage medium at a central location to be searched by potential buyers, the information being accessible via, for example, the Internet. | 08-13-2009 |
20090210336 | SPOT EQUIVALENT FUTURES - A method and system are provided for facilitating trading of a financial derivative contract. The financial derivative contract includes a first currency and a second entity. The first currency is associated with a first underlying interest rate, and the second entity is associated with a second underlying time-dependent value. A price for the financial derivative contract is determined independently of the first underlying interest rate and the second time-dependent value. The determined price is expressed in terms of the first currency. The first underlying interest rate and the second time-dependent value are used to compute a cost of carry, which cost of carry is then periodically paid out as a term of the financial derivative contract. In this manner, a spot equivalent futures market is created without price dependence on the underlying time-dependent variables, and the contract need not have any expiration date. The second entity may be one of a second currency, a commodity, or a predetermined number of shares of a stock. | 08-20-2009 |
20090210337 | SYSTEM AND METHOD FOR INTEGRATING A DARK TRADING FACILITY AND A SECURITIES EXCHANGE - A system and method are described for the providing securities exchange members increased liquidity for affecting trades. Securities exchange members will have access to both a Dark Trading Facility and securities exchange for trading. When trading on the security exchange, these members will be able to access the Dark Trading Facility using the security exchange infrastructure. Further, when such members enter orders onto the Dark Trading Facility, they will have access to the security exchange display book from the dark pool of the Dark Trading Facility. The trading transactions executed in the Dark Trading Facility or initiated by the Dark Trading Facility, preferably, are automatic and anonymous. | 08-20-2009 |
20090210338 | ANALYSIS OF PROPOSED TRADES - A rules-based schema is designed as a directed graph to model various electronic trading markets and trading constraints inherent therein such that the executability of proposed trades having multiple trade parameters can be determined by applying the trade parameters against the constraints, and confirming the executability of the trade if the constraints are satisfied. | 08-20-2009 |
20090216674 | Volatility Detection in a Non-Trading Security's Price Quotation - To ensure that a security does not experience large fluctuations in price after being released from a halt or an IPO, a volatility detection process is used to monitor a pre-release stability of the security based on pre-release orders to buy and orders to sell. These pre-release orders to buy and orders to sell establish an equilibrium price, a cross price. A security is released only when the cross price has been stable for a predetermined period of time prior to the release. | 08-27-2009 |
20090222371 | METHOD OF ENERGY PROCUREMENT AND SYSTEM FOR EMPLOYING - A method and system of procuring energy for a consumer from a number of wholesale parties is provided. The method includes preparing and conducting an event. Conducting the event including registering the number of wholesale parties, providing for the reception and recording of a number of offers from the number of wholesale parties, receiving a number of best offers from the number of wholesale parties, providing a first display of the number of best offers to the number of wholesale parties, providing a second display of the number of best offers to the customer, and determining a number of final winning offers from the number of best offers. The method concludes with securing energy for the customer according to the number of final winning offers. | 09-03-2009 |
20090222372 | Method of Creating and Trading Derivative Investment Products Based on a Statistical Property Reflecting the Volatility of an Underlying Asset - A method of creating and trading derivative contracts based on a statistical property reflecting a volatility of an underlying asset is disclosed. Typically, an underlying asset is chosen to be a base of a volatility derivative and a processor calculates a value of the statistical property reflecting an average volatility of price returns of the underlying asset over a predefined period. A trading facility display device coupled to a trading platform then displays the volatility derivative based on the value of the statistical property reflecting the volatility of the underlying asset and the trading facility transmits volatility derivative quotes from liquidity providers over at least one dissemination network. | 09-03-2009 |
20090234767 | Cost-based financial product - In accordance with the principles of the present invention, a cost-based financial product is provided. The cost-based financial product is created at a front end that differentiates at the access level, thereby providing two distinct products—one evolving from direct arbitrage; the other an indigenous copy—that are essentially the same that can flow separately into different service entities. A fixed yield or amount of supply of a first component is divided into a variable yield of a second component that represents the cost basis relationship sought, thereby creating a partial supply devisor quotient scale—a new scale of cost unit change that becomes the new price array on the front end. A front-end application ladder can be created by substituting a price per divisor supply (whether shares of stock, bushels of grain, etc.) quotient scale for the matrix price array of the cost component to accept the expanding or contracting value of the gross changes of the cost product value. Each trade price increment allowing buying or selling of those differentials as they occur in the mimicked cost product ladder or the indigenous one. The cost-based financial product of the present invention enables an indigenous marketplace where traders can make a directly offsetting trade at any of the trade prices, thereby bypassing the arbitrage base by choosing to use the indigenous one. | 09-17-2009 |
20090240616 | Establishing an Inventory Management and Trading Application for Alternative, Liquid Repurchase Agreement Markets - The invention relates to a system and method for repo trading. The invention facilitates the inventory collection, organization, and search of the long and short positions of financial instruments such as corporate bonds and equities through the provision of a database. The invention also provides users with the ability to match borrowers and lenders with opposing positions for financial instruments. In a second embodiment the invention provides a system for creating pseudo-securities, from a diverse population of corporate bonds or equities that meet parameters specified by a user. | 09-24-2009 |
20090240617 | Trading Interface for Facilitating Trading of Multiple Tradeable Objects in an Electronic Trading Environment - A system and method are provided for trading multiple tradeable objects. One example method includes displaying at least one combined quantity indicator representing a combined quantity associated with at least two tradeable objects, detecting an input associated with an order for a predetermined order quantity in relation to one of the combined quantity indicators, and allocating the order quantity between the at least two tradeable objects using at least one quantity allocation rule. In one example embodiment, a plurality of quantity allocation rules can be user-configurable, and different rules can be defined and applied in relation to different order types. | 09-24-2009 |
20090248563 | METHOD AND APPARATUS FOR ON-LINE AUCTIONS - An on-line (Internet or web-based) auction intended for selling real property and other unique items has several features and advantages adopted for such transactions. In one version, a descending price auction is used with the price descending at time intervals in unpredictable increments; the first bidder acquires the property. An unpublished reserve price is set initially by the seller, but he can lower the reserve price during the auction if desired. Typically the seller pays the auction organizer an up-front fee which is a percentage of the property's listing price before the auction. The buyer also pays a percentage of the purchase price to the auction organizer when the property is sold. In another type of auction, the price is incremented at amounts determined by the auction organizer, and amongst several bidders at each successive price level, only one is randomly chosen, the randomly chosen bidder is sold the property when there are no bidders at the next higher price level. | 10-01-2009 |
20090248564 | SETTLEMENT PRICING FOR CENTRALLY CLEARED SWAPS - Methods are provided to determine a settlement price for an over-the-counter exchange traded financial instrument. The method includes receiving swap curves from a plurality of market makers and identifying missing data points in the curves. A repair mode may be determined for curves identified as missing data. The curves may be repaired based on the determined repair mode. The selected curves including the repaired curves may be blended together to derive a final settlement prices for each of a plurality of standardized centrally cleared swaps. The financial instruments may include Euro denominated interest rate swaps, U.S. denominated interest rate swaps, or OIS interest rate swaps. | 10-01-2009 |
20090248565 | Systems and Methods for Creating and Pricing Search Advertising Derivatives - Systems and methods for producing, valuing, and trading derivatives of advertisement inventory are described. The derivative instruments allow buyers and sellers of advertisement inventory to transact a right or obligation to purchase and receive advertisement inventory at a specified price as well as reselling and trading this right or obligation with other parties. In one embodiment, a derivative instrument allows the buyer to purchase the right, but not the obligation, to receive advertisement inventory on a later date at a pre-determined price. In another embodiment, a buyer of advertising inventory buys this right at a price as calculated by using the Merton options formula, which can estimate relevant parameters such as price history, price volatility, seasonality, and correlation with prices of other advertising inventory. | 10-01-2009 |
20090248566 | Spread Matrix Dartboard System and Method for Placing Trade Orders on an Electronic Exchange - Provided is a system and method for placing trade orders on an electronic exchange using a client terminal. The client terminal includes a user input device and a display device. The method includes displaying a spread matrix on a trading screen of the display device, the spread matrix displaying at least two base dartboards and at least one compound dartboard. The method also includes displaying a market depth of a first tradable instrument on the first base dartboard, displaying a market depth of a second tradable instrument on the second base dartboard, and displaying on the compound dartboard a dynamic display of a plurality of prices of a market depth of a compound. The compound represents a spread market of the first and second tradable instruments. The method further includes displaying a selected-price display on the compound dartboard, the selected-price display displaying a selected price of the plurality of prices in response to detecting a first user action via the user input device, and placing a trade order for the compound at the selected order price on an exchange host system in response to detecting a second user action via the user input device. | 10-01-2009 |
20090254470 | METHOD AND SYSTEM FOR SHARING SEARCHES - Methods and system for sharing searches are described. In one embodiment, one or more search terms of a search request may be stored. The storage of the one or more search terms may be associated with an originating user. A sharing request may be received for the search request. The sharing request may be associated with a requesting user. The search request may be associated with the requesting user. | 10-08-2009 |
20090254471 | SETTLEMENT OF FUTURES CONTRACTS IN FOREIGN CURRENCIES - A method and system are provided for executing a transaction relating to a first futures contract. The first futures contract involves a tradable asset, such as crude oil or another commodity, and a first contract price and a first settlement price expressed in a first currency, such as U.S. dollars. The first settlement price is updated on a periodic basis, typically daily. The method involves providing a second futures contract having an underlying instrument that includes the first futures contract. The second futures contract includes a second latest possible delivery date and a second contract price and a second settlement price that are denominated in a second currency. The second settlement price is updated periodically. A periodic mark-to-market operation credits or debits a buyer of the second futures contract based on the periodic update to the second settlement price. Delivery of the second contract occurs when the buyer pays the current second settlement price in the second currency and receives the first futures contract. Then, delivery of the first futures contract is completed by delivering either the tradable entity or a financial equivalent of the tradable entity based on the current first settlement price. | 10-08-2009 |
20090254472 | Cheapest unique bid - The invention differs from traditional auction methodology, wherein the highest bidder is the successful bidder, to the lowest unique bidder is the successful bidder. The invention also differs from traditional and internet auctions, in that, no bidder is aware of any other bidder's bid(s). The invention differs from all other auction methodologies in that it compensates multiple lowest unique bidders as defined in claim number | 10-08-2009 |
20090254473 | Coordination of algorithms in algorithmic trading engine with fast switching and safe mode - A graphical user interface is used along with an automated algorithm selection function to enable market participants to initiate automated, multi-algorithm trading strategies through a single drag and drop motion. A symbol representing a security can be dragged and dropped onto an icon representing a tactical or strategic algorithm. Other features of the graphical user interface show information such as the progress of the algorithms. Fast switching and safe mode are used to minimize a cost associated with algorithm switching. | 10-08-2009 |
20090254474 | System and Method for Liquefying and Extracting Liquidity fromn Illiquid Assets without Debt or Divestiture. - One embodiment of the present invention includes a system and method of liquefying an illiquid asset for the purpose of extracting liquidity. The asset owner retains ownership, control, possession, and use of the asset for the duration of a contractual period. The extracted liquidity is a portion of the value of the asset and is provided to the asset owner from an asset buyer as an earnest money purchase deposit. During the contract period the asset owner may avoid the completion of the sale of the asset to the asset buyer by various means. According to the present invention, an asset owner incurs no debt burdens, yet obtains liquidity and maintains control of the asset. | 10-08-2009 |
20090259583 | Method And Apparatus For Making Markets For An electronically Traded Financial Instrument - A method and apparatus enables quick and efficient adjustment of parameters of a strategy for making markets in a financial instrument traded on an electronic exchange. Implemented in software, the market making adjustment apparatus and method employs a user GUI (Graphical User Interface) with areas of the GUI configured for adjusting market making parameters such as Book Depth, Aggression and Bias. The user is able to map the adjustment areas of the GUI to specific levels of parameter adjustment. | 10-15-2009 |
20090259584 | BLOCK TRADING SYSTEM AND METHOD PROVIDING PRICE IMPROVEMENT TO AGGRESSIVE ORDERS - A first market participant submits an order comprising an indication of a level of visibility which the first market participant wishes to accord to notifications associated with the order. The indication of the level of visibility is independent of identities of second market participants. The notifications associated with the order are displayed on the computer systems of the second market participants only in accordance with the indication of the level of visibility. | 10-15-2009 |
20090265263 | APPARATUS, SYSTEM, AND METHOD FOR CONCURRENTLY TRADING SECURITIES VIA MULTIPLE STRATEGIES - An apparatus, system, and method are disclosed for trading securities. Trading software | 10-22-2009 |
20090265264 | Request for Market Stream - Systems and methods are provided to implement request for stream functionality (RFS) into the trading environment. A request for stream may be submitted to determine liquidity of a particular financial instrument of interest to a customer. In response to a request for stream, quotes may be submitted by market markers within a predetermined amount of time. In an embodiment, a customer may determine which market makers receive the request for stream. The financial instruments may include Euro denominated interest rate swaps, U.S. denominated interest rate swaps, or OIS interest rate swaps. | 10-22-2009 |
20090265265 | SYSTEM AND METHOD OF AUCTIONING A DEFAULTED LOAN - A method and system for conducting an online property auction whereby the system allows for identifying an owner of property willing to sell his property by an online auction, entering into a contract with the owner obligating him to complete the sales of his property conducted pursuant to terms of the contract; pre-arranging a minimum auction price for his property that accounts for the owner's interest, plus costs and fees, conducting the on-line auction with a plurality of bidders for his property whereby at the on-line auction's conclusion there is a winning bidder and ensuring the transfer of the winning bidder's funds to the escrow holder. | 10-22-2009 |
20090265266 | METHODS OF PRICING AND ALLOCATING CAPACITY - A method of assigning a settled unit capacity price for the purchase of transmission capacity by resource suppliers including the steps of specifying an available capacity for bidding, receiving bids from a plurality of resource suppliers, selecting the bids with the highest personal unit capacity prices until the aggregate desired capacity of the selected bids at least equals the available capacity or until all the bids have been selected if the aggregate desired capacity does not at least equal the available capacity, and assigning the settled unit capacity price to be a function of the personal unit capacity prices submitted in the selected bids. In some examples, the method includes allocating transmission capacity to resource suppliers. In some examples, the method includes assigning a settled net unit capacity price for each of different term durations and allocating transmission capacity to resource suppliers. | 10-22-2009 |
20090265267 | DERIVATIVES TRADING METHODS THAT USE A VARIABLE ORDER PRICE - Methods and systems for an exchange to handle variable derivative product order prices are disclosed. The price of a derivative product order (bid or offer) is updated based on changes in the price of a related underlying product. Price determination variable(s), such as delta and gamma, are used to determine the price of the order. The exchange may periodically recalculate the price without requiring the trader to transmit additional information to the exchange. | 10-22-2009 |
20090271308 | COMPLEX ORDER LEG SYNCHRONIZATION - A system is provided for trading complex orders for financial instruments, including complex orders that include legs that are to be executed on different markets. The legs of the order are optionally specified to be executed in a particular ratio, at net price, and/or at a range of net prices. The system halts trading for all legs in one market, determines a quantity and price to execute a second leg of the order on the other market to achieve a specified ratio or net price and then submits the second leg for execution on the other market if the second leg remains marketable on the other market. If an execution is received from the other market, then the legs in the first market are executed and the series unfrozen. If the other market has not responded after a predetermined time, then the legs in the first market are unfrozen and trading continues. | 10-29-2009 |
20090271309 | MEDIA EXCHANGE SYSTEM AND METHOD - A media exchange. The media exchange uses an exchange database. The database supports interoperation between an exchange component, a media user component and a first media provider component. The media user component enables a media client to access a media component. The media component is supplied from a media provider client using the media provider component. The media user component enables the media client to enable the media component and accrue a first media value. The media user component enables the first media client to also access a second media component associated with a second media value. This is done by exchanging the first media value for the second media value. | 10-29-2009 |
20090271310 | System and Method for Creating and Managing Intellectual Property Investment Trusts - A system and method for creating and managing a system for extracting value from intellectual property. The method includes the steps of collecting intellectual property assets in an investment vehicle, selling shares in the investment vehicle, and licensing the collected intellectual property through the investment vehicle. Shares in the investment vehicle may be traded privately or publicly. | 10-29-2009 |
20090271311 | Equitized Currency Trust for Real-Time Currency Trading - An equitized currency trust has its underlying value based solely on currency, rather than on securities and/or commodities. Shares of the equitized currency trust are priced in a currency other than the currency that forms the underlying value. | 10-29-2009 |
20090271312 | One-Price Home Mortgage Lending Method and System - A method and system for an online one-price home mortgage lending is disclosed. House buyers use the system to obtain a mortgage with autonomous interest rates. The system provides a loan to members to allow them to get their house in advance or to pay off an existing home mortgage. After receiving the loan members participate in an auction process. The bid-winner receives the funds and repays the loan in installments. Non bid-winners are issued a transferable auction certificate and wait until the next term to bid again. | 10-29-2009 |
20090276348 | Multiple protocol trading system - A multi-protocol trading system in which traders preferring different trading protocols may coexist within the same system, and access the same liquidity pool, while maintaining their trading rule preferences. The system supports two protocol preferences: a workup preference and a FIFO preference, and includes a single integrated order book that stores orders received from both workup and FIFO traders. Received orders are matched against orders in the order book in accordance with a FIFO and/or workup protocol, as a function of preferences selected by the traders and/or the system operator. Alternatively, the system includes a pair of order books, a workup order book and a FIFO order book. Customers submit linked orders having a workup leg and a FIFO leg which may be matched against the workup and/or FIFO order books, as a function of preferences selected by the traders and/or the system operator. | 11-05-2009 |
20090276349 | ELECTRONIC SECURITIES MARKETPLACE HAVING INTEGRATION WITH ORDER MANAGEMENT SYSTEMS - An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities. | 11-05-2009 |
20090276350 | ELECTRONIC SECURITIES MARKETPLACE HAVING INTEGRATION WITH ORDER MANAGEMENT SYSTEMS - An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities. | 11-05-2009 |
20090276351 | SCALEABLE SYSTEM AND METHOD FOR DISTRIBUTED PREDICTION MARKETS - Systems, methods, and software are disclosed to implement distributed prediction markets over the internet. A central platform executes web application software to host prediction markets (FIG. | 11-05-2009 |
20090276352 | System and Method for Displaying Money Management Information in an Electronic Trading Environment - A system and method for displaying a plurality of profit and risk related indicators are described. A graphical interface displays and dynamically updates a plurality of profit/loss (P/L) indicators including a realized, net, and open indicator. The net and open indicators are based on a trader's net position and a current market level, while the realized indicator is based on trader's buys and sells associated with a tradeable objects. In one embodiment, the plurality of indicators are displayed in relation to a plurality of money management regions defining a maximum order quantity and a maximum net position controlling the trader's trades, so that a trader can quickly determine his current as well as potential money management parameters. The graphical interface may also display a plurality of potential risk/gain indicators in relation to a realized profit indicator so that a trader, before entering an order having a predetermined order quantity, can view a potential risk/gain in entering into a predetermined net position in view of potential market movements. | 11-05-2009 |
20090276353 | System and Method for Displaying Profit Related Information in an Electronic Trading Environment - A system and method for displaying a plurality of profit and risk related indicators are described. A graphical interface displays and dynamically updates a plurality of profit/loss (P/L) indicators including a realized, net, and open indicator. The net and open indicators are based on a trader's net position and a current market level, while the realized indicator is based on trader's buys and sells associated with a tradeable objects. In one embodiment, the plurality of indicators are displayed in relation to a plurality of money management regions defining a maximum order quantity and a maximum net position controlling the trader's trades, so that a trader can quickly determine his current as well as potential money management parameters. The graphical interface may also display a plurality of potential risk/gain indicators in relation to a realized profit indicator so that a trader, before entering an order having a predetermined order quantity, can view a potential risk/gain in entering into a predetermined net position in view of potential market movements. | 11-05-2009 |
20090281939 | INDEX FOR FIXED INCOME SECURITIES MARKET - An index for a fixed income securities market may be determined based on price information regarding current activity taking place on one or more securities. | 11-12-2009 |
20090281940 | MICROBIAL ESTATES FOR THE EFFICIENT DEVELOPMENT AND MANAGEMENT OF BIOGENIC FUEL RESOURCES - A method of transferring an interest in microbial rights associated with a parcel of land. The method includes recognizing a microbial estate that includes the microbial rights, where ownership interests in the microbial estate are separately transferable from other estates associated with the parcel of land, and transferring one or more of the microbial rights of the microbial estate to a party that is not in possession or ownership of the microbial estate. Also, a method of searching interests in a microbial estate, where the method may include identifying a location for a parcel of land associated with the microbial estate, searching records associated with the identified parcel of land, and identifying in the records a name of one or more parties having an interest in the microbial estate. Methods of auctioning a microbial right in microbial property are also described. | 11-12-2009 |
20090287595 | Dealer to Dealer Sales Lead System and Method - A system and method of creating a market for sales leads and financing amongst merchants of like wares that includes a central registry for receiving information about prospective buyers and their finances for compiling and communicating an anonymous sales lead including the prospective buyer's finances to merchants in the same line of business. The leads are auctioned or sold anonymously to interested merchants that receive the contact information for the prospective buyer but not the identity of the initial merchant. | 11-19-2009 |
20090287596 | Method, System, and Apparatus for Facilitating Transactions Between Sellers and Buyers for Travel Related Services - A method and system for facilitating transactions between sellers and buyers for travel related services. The system includes a database which stores data associated with a plurality of sellers, and a server operably coupled to the database. A buyer interacts with the server to define and submit a request for one or more travel related services. The system uses matching logic to analyze the database to select a set of sellers whose services and other associated data best match the request, and invites the set of sellers to submit offers corresponding to the request. The system communicates offers received by the set of sellers to the buyer and facilitates communications and transactions between the sellers and the buyer. | 11-19-2009 |
20090287597 | Method and System for Auctioning Bad Debts - A method and system for auctioning bad debts utilizing a sorting arrangement based on the geographic location where jurisdiction is present over the debtor. Clients in the public may remotely access and participate in an online auction forum for the purpose of buying bad debts. Bad debts may be classified into a designated location bidding site database that relates to a particular geographic location. A designated location bidding site that that is related to the same geographic location as that of the database may rotatively display bad debts for buyers wishing to view or bid on them. In this manner, creditors may sell bad debts they own by being able to easily and more effectively, locate buyers who are situated in or near a territorial location that has jurisdiction over the debtor. | 11-19-2009 |
20090292633 | SYSTEMS AND METHODS FOR VIEWING AND TRADING FUTURES - A method and system for viewing and trading futures and other tradeable objects. The invention includes improved user interfaces for use with trading systems that allows users to more efficiently execute and manage trades. A dynamic price ladder allows a trader to see price gaps while remaining in a dynamic mode. The “sticky cells” feature prevents user errors which can occur when the display updates causing the cell under the mouse pointer to move up or down. Particular portions of the display can be color coded to provide a user with a easy way to determine market trends. A static working order screen allows a trader to visually see working orders from closest to furthest away from the market and can also allow for orders to be cancelled. | 11-26-2009 |
20090292634 | HYBRID TRADING SYSTEM FOR CONCURRENTLY TRADING THROUGH BOTH ELECTRONIC AND OPEN-OUTCRY TRADING MECHANISMS - A system and method of allocating orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes permitting multiple quotes to be disseminated to the market, and providing market making rights of varying degrees to entities having a physical presence on the floor of the exchange and entities remotely located away from the trading floor. The system includes a trade engine configured for receiving orders from market makers on and away from the trading floor. The system also includes executable instructions for allocating to designated primary market makers a portion of an incoming order remaining after first trading against public customer orders. | 11-26-2009 |
20090292635 | TRADING SYSTEM - 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. | 11-26-2009 |
20090292636 | Method and Apparatus for Network Marketing of Financial Securities - A centralized financial market management system and method are disclosed that permit individual investors to trade over a network. The disclosed centralized financial market management system automatically identifies bids that are in proximity to one another and permits participants to negotiate directly in order to consummate a transaction. The disclosed centralized financial market management system permits each participant in the financial security trading market to have a unique definition of its market structure. A participant can establish various market segments, each corresponding to a group of other market participants, within the push market where bids are posted. Thus, the submitter of a bid (buy or sell) can narrowly focus the bid on select market participants. A large transaction (buy or sell) can be divided by the bid submitter into smaller units and divided over a number of market segments. | 11-26-2009 |
20090292637 | Computer Implemented Trading System - A computer implemented trading system is described comprising a plurality of buy computers ( | 11-26-2009 |
20090292638 | Complementary Trading Of Interests - Methods, systems, and computer program products for automatically proposing currency exchange, hedging, and other trades in financial interests. A trader proposing or accepting a trade in a financial interest is presented with terms of or a prompt regarding a proposed complementary trade in a related interest. | 11-26-2009 |
20090299890 | System and Method for Aggressively Trading a Strategy in an Electronic Trading Environment - System and method for aggressively trading a spread trading strategy in an electronic environment are provided herein. According to the example embodiments, a trader may configure the automated trading tool to trade as aggressively as possible by leaning on a price without an associated quantity. This allows a trader to possibly obtain a more profitable price as well as get filled faster. Traders submit an order for a spread and the automated trading tool calculates the quote order price based on a defined level of aggressiveness, the leaned on price, and the desired spread price. Based on the level of defined aggressiveness and the gap in the market, the automated trading tool may lean on a mildly, moderately, or extremely aggressive price. | 12-03-2009 |
20090299891 | SYSTEM AND METHOD FOR MANAGING ELECTRONIC TRADING CARDS - A device, system, and method for acquiring, displaying, managing through an electronic binder and trading of random electronic trading cards assigned through entry of a unique code. | 12-03-2009 |
20090299892 | TRADE SUPPORT PROCESS SYSTEM, TRADE SUPPORT PROCESS METHOD, AND RECORDING MEDIUM - Receipt of an order for a support for transportation in a trade or for documentation in a trade is managed. A control unit of a service management server sends an order receipt information registration screen. In a case where a service pattern is selected on the order receipt information registration screen, the control unit retrieves service plans that constitute the service pattern, and outputs the service plans. Then, the control unit acquires order receipt particulars information about the service plans. Then, the control unit registers order receipt management data. On the other hand, in a case where order receipt information is input in the order receipt information registration screen, the control unit retrieves a service plan that matches the order receipt information, and outputs the service plan. | 12-03-2009 |
20090299893 | METHOD AND SYSTEM FOR PROVIDING OPTION SPREAD INDICATIVE QUOTES - A computer network and method for electronically trading combinations of derivatives. One preferred method of trading includes providing quotes information to a central server, and determining indicative quotes for combination trades, and providing the non-binding, indicative quotes to market participants (which typically includes subscribers, but may also include market makers). A participant may then submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market Makers may then elect to submit a binding quote for the corresponding derivative combination. Market participants may then elect to enter a binding order. | 12-03-2009 |
20090299894 | Systems and Methods for Implementing the Structuring, Pricing, Quotation, and Trading of SPOT Synthetics (SPOTS), SPREAD Instruments (SPRINTS), SPRINTS based on SPOTS, Ratio Derivatives (RADS), RADS based on SPOTS, and Options based on these Instruments - An exchange-traded financial instrument having a price that tracks an underlying benchmark, the underlying benchmark being a security or commodity that is itself traded. A contract for the financial instrument between a buyer and seller is not contingent upon the delivery of the underlying benchmark. A net carrying charge (credit or debit), defined as the difference between the investment yield of the underlying benchmark and a cost of financing ownership of the underlying benchmark using the generally accepted industry standard financing rate for that benchmark, is credited or debited, accrued, or built into the price of the derivative for both buyer and seller of the financial instrument, typically nightly. In one embodiment, the underlying benchmark is a U.S. Treasury security, and preferably a specific U.S. Treasury security such as the on the run (OTR) 10 Year Treasury note. Other single contract spread and ratio instruments are also disclosed. | 12-03-2009 |
20090299895 | METHOD AND SYSTEM FOR PROVIDING RULE-BASED COLLATERAL ALLOCATION AND SUBSTITUTION - A system and method are disclosed for managing collateral allocation and substitution in general collateral repurchase agreements. In a preferred embodiment, an intermediary computer system facilitates the execution of anonymous general collateral repurchase agreements between buyers and sellers. The intermediary system manages initial collateral allocations and substitutions in accordance with systematic and impartial rules. | 12-03-2009 |
20090307121 | TRADING SYSTEM PRODUCTS AND PROCESSES - A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described. | 12-10-2009 |
20090307122 | System and Method of Online Auction of Real Estate Options - A system and method of obtaining offers for an option in one embodiment includes obtaining an option to purchase a real property, storing tax credit data associated with future development of the real property in a database, storing option data associated with the obtained option in the database, associating the stored option data with the stored tax credit data, retrieving the stored option data and the stored tax credit data, displaying the retrieved data, requesting an offer for the option associated with the displayed data, and receiving an offer to purchase the obtained option. | 12-10-2009 |
20090307123 | DEVICE, SYSTEM, AND METHOD OF GENERATING A CUSTOMIZED TRADE ARTICLE - Some embodiments include devices, systems and/or methods of generating a customized trade article. In one embodiment, a trade-article generator application is to receive trade information including a plurality of values of one or more trade-related parameters defining at least one trade with respect to at least one financial instrument, and to automatically generate a customized electronic trade article corresponding to the trade based on a predefined trade-article layout. Other embodiments are described and claimed. | 12-10-2009 |
20090307124 | SYSTEM, METHOD, AND COMPUTER PROGRAM PRODUCT FOR MANAGING SECURITIES FUNDED BY A MUNICIPAL ARBITRAGE PORTFOLIO (MAP) - A system, method, and computer program product for managing securities funded by a municipal arbitrage portfolio (MAP) are set forth herein. A computer receives a daily valuation of a portfolio of securities from an administrator of a special purpose trust (SPT) the portfolio having been issued by the SPT. The portfolio being funded in part by equity from the MAP fund, the MAP fund being an entity subject to securities regulation oversight, the assets of the MAP fund being managed by a fund manager, and the portfolio provides a first series of payments to the MAP fund, the MAP fund having entered into a security agreement with a liquidity provider (LP). A computer verifies the daily valuation of the portfolio. A computer calculates a daily ending net asset value (NAV) of the MAP fund, where the MAP fund holdings include at least the portfolio. | 12-10-2009 |
20090307125 | METHODS AND INVESTMENT INSTRUMENTS FOR PERFORMING TAX-DEFERRED REAL ESTATE EXCHANGES - Methods and investment instruments for investing in real estate are described wherein a portfolio of investment real estate is divided into a plurality of tenant-in-common deeds of predetermined denominations, and which are subject to a master agreement and master lease to form “deedshares.” Holders of the deedshares receive a guaranteed income stream from the master lease and yearly depreciation, without having to maintain or manage the real estate. The holders of deedshares are subject, under the master agreement, to a mechanism that enables the master tenant to purchase, or arrange for the purchase of the deedshares at fair market value (or some other calculable value) at the end of a specified term. Because the deedshares qualify as interests in investment real estate, they are eligible for tax-deferred treatment under § 1031 of the Internal Revenue Code. | 12-10-2009 |
20090307126 | Multi-Currency Marketplace - A computerized method and system buying and selling in a marketplace denominated in multiple currencies. A best bid or best offer can be determined according to pecuniary advantage based upon a selected currency. An amount required to become a best bid or best offer within a set of defined currencies is also included. Some embodiments include a network of computers permitting access to a multi-currency marketplace. Prices in the multi-currency marketplace can be ranked according to a particular currency selected by a market participant. | 12-10-2009 |
20090307127 | Electronic Spread Trading Tool - A versatile and efficient electronic spread trading tool to be used when buying and selling comparable commodities either simultaneously or in conjunction with one another. The spread trading tool involves a method of displaying, on an electronic display device, the market depth of a plurality of commodities including an anchor commodity and a non-anchor commodity, where the method includes dynamically displaying a plurality of bids and asks in the market for the commodities, statically displaying prices corresponding to those plurality of bids and asks, where the bids and asks are displayed in alignment with the prices corresponding thereto, displaying an anchor visual indicator corresponding to and in alignment with a desired price level of the anchor commodity, displaying a price level indicator corresponding to and in alignment with a price level of the non-anchor commodity. Based on an unhedged position, and taking into account the parameters and spread price point values, as determined by the trader, price level indicators are calculated and displayed, which provide a visual representation of where the trader should buy and sell the applicable commodities. The price level for the price level indicator in the non-anchor commodity is determined based upon said desired price level of the anchor commodity. The price level indicator also includes a first visual indicator corresponding to and in alignment with a first price level of the non-anchor commodity and a second visual indicator corresponding to and in alignment with a second price level of the non-anchor commodity. | 12-10-2009 |
20090313160 | Hardware accelerated exchange order routing appliance - A system for processing a trading order message comprises a hardware device logically linked to a general purpose processor. The hardware device comprises multiple exchange line handlers each of which is associated with a market exchange, multiple parsing modules each of which is associated with one of the exchange line handlers, and a message router that receives the message from the general purpose processor, determines a particular market exchange to which the message is directed, and communicates the message to a particular one of the parsing modules that is associated with a particular one of the exchange line handlers that is associated with the particular market exchange. The particular one of the parsing modules transforms the message into a protocol specified by the particular market exchange and communicates the transformed message to the particular one of the exchange line handlers for communication to the particular market exchange. | 12-17-2009 |
20090313161 | SYSTEM AND METHOD FOR ELECTRONIC TRADING AND DELIVERY OF A COMMODITIZED PRODUCT - The present invention provides a system and method for trading of a commoditized product through a distributed network of computers, and for delivering the commoditized products after the trade. The system includes an order matching routine, a payment routine, a product qualification routine, and a distribution routine. The invention provides for secure electronic trading of a commoditized product through a hub centric platform that provides for a real order exchange in a real time environment, allows individual buyers and sellers to remain anonymous to each other, eliminates size or volume as a means of discrimination for transaction, and maximizes distribution efficiency. | 12-17-2009 |
20090313162 | Utilizing Cash Flow Contracts and Physical Collateral for Energy-Related Clearing and Credit Enhancement Platforms - In accordance with the present invention, a financial instrument for the energy market is created. The financial instrument comprises a derivative instrument related to accounts receivable or accounts payable or both. In a preferred embodiment, the derivative instrument normally consists of two sets of linked swaps. In the first set, the seller exchanges two things with a third party: (i) the right for payment of accounts receivable within a month from the buyer is exchanged for the right to payment of such accounts receivable within a week from the third party; and (ii) the obligation to deliver energy to the buyer is exchanged for the obligation to deliver to the third party. The buyer exchanges the mirror image of those with a third party, to with: (i) the obligation to pay within a month to the seller is exchanged for the obligation to pay within a week to the third party, but the buyer receives financing to offset the cash flow ramifications; and (ii) the obligation to take delivery from the seller is exchanged with the obligation to take delivery from the third party. The swap can further be utilized to net payment obligations under multiple cash and forward commodity transactions between the buyer and the seller. Physical collateral is utilized as margin. In accordance with another aspect of the present invention, the process takes place on a ‘clearing platform’ for such energy transactions. | 12-17-2009 |
20090319415 | Momentary Power Market - A method and system is proposed for the physical trading of electricity, which is characterized by continuous Dynamic Advanced Prices formation and propagation over a single price period that is a few seconds long. The Node and Branch price equations are applied to the power flows and to the corresponding costs incurred at measure points, as well as to the system-wide costs allocated equitably by means of a Price Designator, Price Announcers, Price Transmuters and Intelligent Meters and by other devices, all of which function together in a sequential and repetitive process of preliminary bidding, clearing, adjustment and dispatching, followed by price designation, confirmation and conversion in a way that takes into account congestion and security costs and the compensation of involuntary deviations. The method provides a common electricity trade environment that allows every market participant, especially every consumer, to respond adequately to last minute price changes. | 12-24-2009 |
20090319416 | METHOD OF STRUCTURING REAL ESTATE ASSETS - An system for and method of divesting real property is presented. The system and method improve upon prior art techniques by including one or more of the following advantages: the gain may be immediately booked, there may be no capitalization requirements as there may be on a financing lease, and the gain may avoid Federal income taxation and capital gains taxation. | 12-24-2009 |
20090319417 | Method and System for Providing Aggregation of Trading on Multiple Alternative Trading Systems - A method for performing financial trading amongst a plurality of alternative trading systems using a common financial computer platform. The method including the steps of receiving at the common financial computer platform a buy-order for a prescribed number shares at a prescribed price. Electronic communication is then established between the common financial computer platform and each of the plurality of alternative trading systems. At least a portion of the buy-order is then submitted from the common financial computer platform to each of the plurality of alternative trading systems. The common financial common platform then monitors each of the plurality of alternative trading systems to determine if at least a portion of the buy-order was executed by one of the plurality of alternative trading systems. And if yes, then that indicated execution for one of the plurality of alternative trading systems is automatically accepted and automatically canceled are the remaining buy orders that were submitted to the other alternative trading system which were not yet executed. | 12-24-2009 |
20090319418 | System and Method for Dynamically Regulating Order Entry in an Electronic Trading Environment - A system and method are provided for trading a trading strategy defined for at least one tradeable object in an electronic trading environment. More specifically, one example method includes using a first pay-up tick value to determine a first acceptable price level for an order associated with the trading strategy, automatically modifying the first pay-up tick to a second pay-up tick value in response to detecting a predefined condition, and using the second pay-up tick value to determine a second acceptable price level for the order associated with the trading strategy. | 12-24-2009 |
20090319419 | Method and apparatus for executing a win, lose or draw derivative contract - Methods and systems are disclosed for executing a fixed-payoff derivative contract between two parties that provide the opportunity to speculate on the movement of single-stock equities, equity indexes, bonds, commodities and currencies in a manner that eliminates the cost of an option premium. The invention, henceforth referred to as a “Win, Lose or Draw” derivative contract, is a cash position for or against the occurrence of a designated price event above an underlying financial instrument's spot price before a designated price event below an underlying financial instrument's spot price, or vice versa, within a designated time period. If neither designated price event occurs within the designated time period, no loss of cash position is incurred by either party. Additional embodiments include the application of asset-backed contracts, transferable positions, multiple underlying financial instruments within the same contract, and expirationless time periods. | 12-24-2009 |
20090327116 | Asynchronous Hypertext Messaging - An asynchronous hypertext messaging system and method are disclosed. The system and method use existing hypertext transfer protocols and is capable of transmitting real-time asynchronous data between server and client regardless of firewalls or proxy servers implemented at the client or the server. In a communication system comprising a client and server interconnected by an internet, initial authentication is performed initially between the server and the client. A secure log in is performed by the client with the server in conjunction with a possible java applet download. The communication server then initiates a multiplexed virtual connection between the server and the client and transmission of asynchronous real-time data can occur over the virtual connection. The virtual connection is periodically refreshed by a request issued from the java applet. | 12-31-2009 |
20090327117 | Apparatus and Method for Trade Aggregation of Trade Allocations and Settlements - A post-trade aggregation system includes an allocation middleware interface, which interacts with an order management system to allocate and settle trades. The order management system receives a trade order on behalf of a customer and either apportions the trade into a plurality of smaller orders and communicates them to a plurality of order destinations directly (e.g. via the FIX protocol), or sends large orders to an order staging and optimization interface which then apportions the larger orders into a plurality of smaller orders and communicates the orders to a plurality of order destinations. The post-trade aggregation system contains an allocation middleware interface which receives the individual trade executions from the plurality of order destination and compresses them into a single average-priced block. The allocation middleware interface then sends the single average-priced block to be cleared by a designated clearing agent and allocates the single average-priced block into one or more custodian accounts. In further aspects, a method and apparatus are also provided. | 12-31-2009 |
20090327118 | METHODS AND APPARATUS FOR ELECTRONIC COMMERCE USING AGGREGATED CONSUMER INTEREST - This present subject matter includes a method for processing product selections by a plurality of consumers operating one or more web browsers, comprising collecting electronic information, including product identifying information, about the product selections by each consumer of the plurality of consumers, the product selections selected by the plurality of consumers from offerings at a plurality of disparate websites, associating information related to a consumer identified with a particular product selection with the product identifying information, associating the product identifying information with a Universal Product Code (UPC) for the product selections, aggregating the electronic information in a database, the information categorized by each consumer and UPC code, processing counts of selections by the plurality of consumers organized at least by UPC code, requesting product fulfillment bids from one or more suppliers using the counts and obtaining one or more product fulfillment bids from the one or more suppliers. Other examples provide a method for processing service selections by a plurality of consumers operating one or more web browsers. | 12-31-2009 |
20090327119 | MANAGING OUTLYING TRADING ORDERS - A determination is made as to whether a trading order that has been placed on a trading exchange is an outlying trading order. If it is determined that the trading order is an outlying trading order, a restrictive action is taken regarding the outlying trading order, and/or a restrictive action is taken regarding a subsequent trading order that may trade with the outlying trading order. | 12-31-2009 |
20100005020 | FUNDING OF PROJECTS - Among other things, an online exchange facility is provided that runs software applications and exposes an online interface to users. The online interface enables a project entity to fund a project by online selling of securities that represent interests in the project to investors. The online interface also enables investors to trade the securities online at prices that are determined by market forces and are related to progress of the project in reaching a deliverable that has been defined for the project prior to the funding. | 01-07-2010 |
20100005021 | Method and system for buying and selling certified emission reduction credits - Distributing units of carbon emission reduction (“CER”) comprises obtaining a right to purchase CERs in the future that are developed by emission reduction projects, dividing the future CERs into a plurality of tranches, committing the future CERs in the tranches to prospective buyers, and distributing CERs received from the projects to the prospective buyers based on a priority of delivery between the tranches. A contingent call option can provide replacement CERs to meet CER obligations to a senior tranche if received CERs are not sufficient to meet the obligations of future CERs allocated to buyers in the senior tranche. CERs are not distributed to buyers of junior tranches if the received CERs are not sufficient to meet the CER obligations to more senior tranches. | 01-07-2010 |
20100005022 | Hierarchical trading accounts for clearing and non-clearing members - For a trade between a buyer and a seller, wherein at least one of the buyer and the seller is a non-clearing member that is not a member of a clearing entity, an identification of a clearing member associated with the non-clearing member is obtained, the clearing member being a member of the clearing entity. A software program appends the identification of the clearing member to a trade report for the received trade, and sends the trade report including the identification of the clearing member to the clearing entity. The software program obtains permission for the trade by consulting a predetermined permission list, or by sending a request for permission to the clearing member. The clearing entity clears the trade based on the account of the clearing member appended to the trade report. | 01-07-2010 |
20100010925 | Method of exchanging securities - A method of conducting transactions in securities provides an economic benefit to the issuing entity whenever a security issued by the entity is involved in a transaction. For example, an entity issuing stock may receive a royalty whenever the stock is traded between third parties on a stock exchange. A computer system or computer program running on a computer system forming a computerized exchange may be provided to enable transactions in securities and to calculate royalties payable to the issuing entity for transactions involving securities issued by that entity. The royalty may take the form of any measure of economic benefit to the issuing entity or of economic detriment to one of the other parties or intermediaries involved in the transaction. For example, the value may include a percentage of the seller's profit, a percentage of the value of the securities involved in the transaction, a percentage of the number of securities involved in the transaction, a portion of the security itself, a right to buy other securities, a straight fee, a commission, a portion of a spread between the sales price and bid price, a portion of a fee due to the exchange on which the transaction took place, a portion of a fee due to any intermediary, or any other measure of value. Royalties may due to the entity for every transaction, every predetermined number of transactions, various sets or subsets of transactions, randomly selected transactions, transactions involving only particular securities or for any other subset of transactions. | 01-14-2010 |
20100010926 | SYSTEM, METHOD AND INSTRUMENT FOR MANAGING MARGIN REQUIREMENTS - A method, media and system are directed to allocating a market risk for a trading participant. A computer-readable financial instrument is established based on a tradable commodity that is subject to an external risk or based on an event trigger for an anticipated environmental event that may cause harm to a geographic region; a health care risk for a geographic region, or a risk of enactment of a public policy that causes an economic impact to a geographic region. The instrument is traded between trading participants and a margin requirement for an account of at least one of the trading participants is determined based on an risk score for the instrument. Periodically, a change in the risk score is determined and the margin requirement is adjusted based on the change in the risk score. | 01-14-2010 |
20100010927 | METHOD AND SYSTEM FOR STRUCTURING THE OWNERSHIP OF AN INVESTMENT - A method of structuring ownership of an invention including the steps of receiving an investment commitment and a capital contribution from at least one investor, investing the capital contribution in a portfolio company, assigning a set of securities to the at least one investor based upon the capital contribution, the set of securities comprising a plurality of strips, and providing one or more of the plurality of strips to the at least one investor, wherein each of the plurality of strips is defined as a portion of the capital contribution and wherein at least one of the strips is dedicated for donation by the investor to at least one charity. | 01-14-2010 |
20100010928 | SYSTEM AND METHOD FOR TRADING PACKAGED COLLAR OPTIONS ON AN EXCHANGE - A method of creating and trading packaged standard option collars on an exchange is provided, as well as a trading facility for trading such packaged standard option collars. Collars are created by identifying an underlying asset, a first leg of a collar is determined by determining the desired strike price for the first leg and selecting a standard option contract traded on the exchange having a strike price closest to the desired strike price. The second leg is determined by selecting another standard option, the opposite of the first leg, having an option price substantially offsetting the option price of the first leg. Once the legs of the collar have been selected the collar package may be listed on the exchange, and orders for the collars may be processed by matching orders for opposite positions in the collar. | 01-14-2010 |
20100010929 | System and Method for Calculating and Displaying Volume to Identify Buying and Selling in an Electronic Trading Environment - A system and method are provided for calculating and displaying volume to identify aggressive buying or selling activity. In a preferred embodiment, market information such as the inside market, last traded price, and last traded quantity is received from the electronic exchange and is used to assist a trader in determining the initiative side of a trade, either bid side or ask side. Once a determination is made, the result may be used to assist a trader analyzing the market volume. Other features and advantages are described herein. | 01-14-2010 |
20100017320 | DATA FLOWS IN A COMPUTER OPERATED CURRENCY TRADING SYSTEM - In a computer implemented currency trading support system trades are provided to a third party ( | 01-21-2010 |
20100017321 | Adaptive Implied Spread Matching - Systems and methods for determining implied spreads are provided. An example includes receiving a new order for a financial instrument and determining if the new order in combination with pending orders creates an implied spread. The implied spread may be submitted with information to facilitate matching the legs of the implied spread using the new order. The detection of the implied spread may be performed outside of a match engine; thus, permitting the detection to occur in parallel and apart from the operation of the match engine. | 01-21-2010 |
20100017322 | Confidential Order Entry for an Equity Offering - Confidential entry of orders to purchase company shares in an equity offering can include an order entry module, order book module, and security module. The order entry module receives orders directly from investors to purchase shares of the company. Each order includes order information such as an identity of the investor that submitted the order, share price, and quantity of company shares to be purchased at the share price. The order book module communicates the order information to members of a management/equity capital markets company team for the equity offering transaction. The security module allows the order entry module to receive the orders directly from the investors, allows the order book module to communicate the order information to the members of the management/company team, and prevents communication of the order information to sales persons associated with the equity offering transaction. | 01-21-2010 |
20100017323 | Method and System for Trading Combinations of Financial Instruments - A method and system are provided for obtaining and matching single leg and multi-leg orders to trade combinations of financial instruments included in a set of two or more selected financial instruments. In preferred embodiments, orders are received during a selected time period and eligible orders are processed with a combinatorial matching algorithm that is not constrained by limit prices. All embodiments have the advantages that matched multi-leg orders can be executed with no bid/offer spread on any of their legs, there is no risk that some legs of a multi-leg order execute while others do not execute, and said embodiments can be implemented by selecting two or more existing financial instruments without requiring the creation of any special financial instrument representing a multi-leg strategy. | 01-21-2010 |
20100017324 | SYSTEM AND METHOD FOR TRADING FINANCIAL ASSETS - A system and method are disclosed that enables commoditization and trading of accounts receivable. The system preferably enables companies to reduce time for outstanding invoices to be paid by providing a marketplace for cash advanced in payment of invoices. The system and method preferably establishes an account accessible to the system to receive payment from obligors. The system provides at least one of a primary market for auctioning, and a secondary market for trading of accounts receivable. | 01-21-2010 |
20100023438 | SYSTEM AND METHOD FOR ANALYZING AND ORIGINATING A CONTRACTUAL OPTION ARRANGEMENT FOR A BANK DEPOSITS LIABILITIES BASE - A system and method for analyzing and originating a contractual option arrangement for transacting a deposit liabilities base of a financial institution at predetermined prices and time periods. The arrangement may be adjusted due to attrition in the existing deposit base and/or an increase in newly attracted funds. | 01-28-2010 |
20100023439 | AUCTION PROCEDURE FOR USE WITH A SPECIAL PURPOSE DIGITAL COMPUTER FOR AN EFFICIENT ACHIEVEMENT OF LIMITED RESOURCES IN A COMPETING ENVIRONMENT - An auction procedure intended to replace the known review process by an auction based approach is provided. The better a submitted work by an author, the more this author may bid to have it appear in some congresses or journals. If the assessment of quality represented by the bid is right, the author will be rewarded in some new sort of scientific currency, otherwise the author will suffer loses of the currency. | 01-28-2010 |
20100023440 | Interactive Mortgage and Loan Information and Real-Time Trading System - The invention provides a method and system for trading loans in real time. Loan applications, such as home mortgage loan applications, are made available electronically to receive bids from a plurality of potential lenders. A transaction server maintains a database of pending loan applications and their statuses, which is accessible over a communications channel, such as the Internet. Each party to a loan can search and modify the database consistent with their role in a transaction. The invention provides smart computerized administration that ensures personal preferences of the participating parties are enforced, errors and duplication is avoided, and information relating to accumulated data is available to the parties consistent with their roles. | 01-28-2010 |
20100023441 | PROCESS AND ARCHITECTURE FOR STRUCTURING FACILITIES REVENUE BOND FINANCINGS - A process and architecture may be implemented to structure bond financing or refinancing for facilities construction and/or renovation to improve economic and business terms for involved or interested parties, including for education institutions, healthcare companies and/or energy production entities. | 01-28-2010 |
20100023442 | SYSTEM, METHOD AND MEDIA FOR TRADING OF EVENT-LINKED DERIVATIVE INSTRUMENTS - A derivative financial instrument is created which facilitates the reallocation of a risk caused by the occurrence of an event or condition. For example, a system, method, and media are directed to allocating risks of water shortages. A computer-readable financial instrument is established based on a water availability score that is calculated from one or more types of hydrological factors, a settlement value function, and a settlement date. The financial instrument is configured to transfer, on the settlement date, a cash or physical commodity amount to a buyer or seller of the instrument as determined by the contract specification if the score is zero, or a positive or negative number or within a specified range of positive or negative values. | 01-28-2010 |
20100023443 | System and Method for Quick Quote Configuration - A method and system are described for providing a trader with the ability to quickly configure the quoting side of a trading tool, without experiencing the normal delays associated with conventional methods of quoting. In spread trading, an automated spread trading tool may automatically work an order to buy or sell a tradeable object. A user may configure the trading tool to work an order in a certain tradeable object first. The system allows the user to essentially on-the-fly configure the trading tool to work a second order in another tradeable object, and in response to the change, the system can take specific actions such as deleting the order in the first tradeable object and automatically entering the second order in the other tradeable object. This allows the trader to trade quickly and efficiently. | 01-28-2010 |
20100023444 | System and method for managing and trading auction limit orders in a hybrid auction market - A buy order is received with a limit price that is above a published best offer, and represented in the auction market. If the buy order is not immediately executed, it is quoted at a minimum variation better than a published best bid, and the price of the quoted buy order becomes the published best bid. Alternatively, a sell order is received with a limit price that is below a published best bid, and represented in the auction market. If the sell order is not immediately executed, it is quoted at a minimum variation better than a published best offer, and the price of the quoted sell order becomes the published best offer. | 01-28-2010 |
20100023445 | E-commerce transaction facilitation system and method - A method of operating a computer to facilitate a commercial transaction involving a plurality of negotiable trading parameters. The method includes the following steps resulting from the execution of a computer program:
| 01-28-2010 |
20100030678 | TRADING SYSTEM AND METHOD HAVING A CONFIGURABLE MARKET DEPTH TOOL WITH DYNAMIC PRICE AXIS - A system and method for the electronic trading of investment vehicles, such as stocks, bonds, options, commodities, stock and futures index contracts, and the like, is disclosed. The system and method provide a graphical user interface having a versatile and efficient market depth tool with a dynamic price axis for executing trades. The tool facilitates the display of and the rapid placement of trade orders within the market. The system provides for user initiated functionality to control, among other things, the manner in which the dynamic price axis moves in response to market conditions. | 02-04-2010 |
20100030679 | Transreceiver, commodity and service trading system, and transmitter and receiver used therein - In a commodity and service trading system, a client computer | 02-04-2010 |
20100030680 | MARKETPLACE FOR TRADING INTANGIBLE ASSET DERIVATIVES AND A METHOD FOR TRADING INTANGIBLE ASSET DERIVATIVES - A marketplace for trading derivative financial contracts includes a forum that publishes a financial contract and allows the financial contract to be traded by one or more market participants. The financial contracts are based on one or more underlying intangible assets of one or more entities. The price of the contract is derived from a measure of value of the one or more underlying assets of the particular financial contract. The forum may include an exchange for trading financial contracts and may also host trading of over-the-counter financial contracts. | 02-04-2010 |
20100030681 | Pricing Mechanism For Security Valuation - Techniques and systems for determining a valuation for securities that do not have an established valuation mechanism are described herein. Derivative securities based on underlying employee stock options where the maturity of the derivative security is tied to exercise and forfeiture behaviors of individuals owning the stock options are also describe herein. | 02-04-2010 |
20100030682 | PROCESSING DEVICE FOR NORMALIZING BARS REPRESENTATIVE OF WEIGHTED VARIABLE QUANTITIES - A device (DT) is dedicated to the processing of files of set(s) of data of events each consisting at least of a value taken at a given instant by a quantity that varies in time and of this given instant, as well as possibly of a weighting value, each set constituting a log of events for a given quantity. This device (DT) comprises processing means (MT) responsible for determining on the basis of a log of events of a quantity i) a total sum S of weighting values of the events of this log over part at least of a main period D defined between first and second chosen instants, then ii) the value of a normalization parameter defined by the operation S*(T/D′), where T is a time interval of chosen duration and D′ represents a sum of secondary periods constituting chosen sub-parts of the main period D and is expressed in a unit identical to the time interval T, then iii) a normalized chronological collection between the first and second chosen instants of grouping of events, termed normalized bars, whose weighting value is on each occasion equal to the value of the normalization parameter. | 02-04-2010 |
20100030683 | METHOD FOR FINANCING AND DISTRIBUTING MEDIA PROJECTS - This invention is a computer-aided method that allows individuals to finance and speculate via advance purchases on the success of films, and various other media projects. To fund their projects, producers transmit or upload a project offering, consisting of future copies of the project with embedded rights to potentially participate in future revenue streams, to a programmed server and the programmed server accepts bids from consumers in the form of reservations to purchase these future copies. The price of the future copies does not change, only the potential revenue split, as applied to all future copies, resulting in a yield auction. The yield auction stays open until consumers and producers arrive at a mutually acceptable revenue split and all available future copies have been reserved. At that time, a group debit occurs, debiting consumers for their future copies and the funds are made available to the producer to make their project. After the project has been completed, the consumer receives a copy of the project they reserved during the yield auction and begins to receive any additional ad and sales revenues per each copy of the project per the terms that were agreed upon during the yield auction process. | 02-04-2010 |
20100030684 | Click Based Trading with Intuitive Grid Display of Market Depth and Price Consolidation - A method and system for reducing the time it takes for a trader to place a trade when electronically trading on an exchange, thus increasing the likelihood that the trader will have orders filled at desirable prices and quantities. The “Mercury” display and trading method of the present invention ensure fast and accurate execution of trades by displaying market depth on a vertical or horizontal plane, which fluctuates logically up or down, left or right across the plane as the market prices fluctuate. This allows the trader to trade quickly and efficiently. The price consolidation feature of the present invention, as described herein, enables a trader to consolidate a number of prices in order to condense the display. Such action allows a trader to view a greater range of prices and a greater number of orders in the market at any given time. By consolidating prices, and therefore orders, a trader reduces the risk of a favorable order scrolling from the screen prior to filling a bid or ask on that order at a favorable price. | 02-04-2010 |
20100036763 | PRODUCTS AND PROCESSES FOR ORDER DISTRIBUTION - Systems and methods for trading financial instruments through multiple trading intermediaries are described. | 02-11-2010 |
20100036764 | OPERATION OF INTERNET WEBSITES - A method and system for facilitating the operation of an Internet website is provided. The method employed by the system may include receiving, at an exchange, information about a publisher's website for which the publisher wishes to sell shares and communicating the information to an investor. The investor may then generate a purchase order for purchasing a number of shares in the publisher's website. A money amount may then be transferred from an account associated with the investor to an account associated with the publisher. At a later time, dividends may be paid to the investor or an investor may sell his shares in the website to a different investor. | 02-11-2010 |
20100036765 | Method for valuing forwards, futures and options on real estate - A system and method for matching buy and sell orders is provided. A daily cash index of real estate values for a local region is maintained and a trading instrument representative of an interest in real estate in the local region is created. In this regard, a cash settlement of the trading instrument is a function of the daily cash index on the date of said cash settlement. In addition, a plurality of buy orders relating to the instrument are generated; a plurality of sell orders relating to the instrument are generated; and the buy and sell orders are matched to determine a purchase and sale of the instrument. | 02-11-2010 |
20100036766 | Method, Apparatus, and Interface for Trading Multiple Tradeable Objects - An interface for trading multiple tradeable objects includes a price axis or scale. A first indication of quantities represented in a market for a first tradeable object is displayed in association with the price axis or scale. A second indication of quantities represented in the market for a second tradeable object is displayed in association with the price axis or scale. The first tradeable object may be different than the second tradeable object. Alternatively, the first tradeable object and the second tradeable object may be the same, but the indications of quantity may be provided from different sources, such as different exchanges. | 02-11-2010 |
20100042529 | Fund Bidding Method - For relieving a bid winner from receiving an unexpected amount of total fund while there is no member of a mutual fund association issuing a qualified bid, which is higher than a basic bid, a fund bidding method tends to relieve the bid winner by providing an option for each member of the mutual fund association to issue an unqualified bid, which is lower than the basic bid. According to the fund bidding method, while there is no member issuing the qualified bid at a current term, a bid winner is determined to be a member issuing a lowest unqualified bid, is going to be paid with a compensable total fund at the current term. | 02-18-2010 |
20100042530 | System and Method for Simulating an Electronic Trading Environment - Market data is recorded from a real live exchange. The recording data can be played back in real time or delayed, in any manner, to simulate the recorded market. Moreover, one or more users can participate in the simulated market just as if they were participating in a real-live market. The system provides a realistic trading environment without the associated risks of trading in a live-market such as losing money and the cost of making trades. The system may be used for training purposes and for purposes of testing and analyzing various trading strategies. Software developers and testers may also utilize the realistic environment to develop trading products or applications. Additionally, the system provides a means for demonstrating trading application products. | 02-18-2010 |
20100042531 | SYSTEM AND METHOD FOR DETERMINING AN INDEX FOR AN ITEM BASED ON MARKET INFORMATION - Systems and methods for determining an index for an item based on market information are provided. Market information about the item is received and compiled. A standard profile for the item is determined. Index information for the item is determined based on the compiled market information. The index information comprises historical price information and statistical information about the market for the item. The index information is displayed at a user interface and updated based on updated market information. Orders to trade futures and options contracts on the item may be received, communicated, and executed. | 02-18-2010 |
20100042532 | MARGIN TRADING SYSTEM, COMPUTER PROGRAM AND STORAGE MEDIUM - Extensibility of a margin trading system is provided for and improvement of processing quality can be achieved easily. The margin trading system comprises a plurality of processing unit for receiving and processing order information from a plurality of trading terminals, a calculation unit for calculating a second sum value based on a first sum value which is the sum value of the order information received within a predetermined duration by each processing unit, an ordering unit for ordering each processing unit such that at least one of the first sum value is not less than the threshold value when the second sum value is not less than the threshold value and a cover-ordering unit for making a covering order to a transaction-covering bank terminal. | 02-18-2010 |
20100049646 | CONVERTING A TRADE TRANSACTION AGREEMENT INTO ALLOWABLE STRUCTURED PRODUCTS - A trade transaction agreement, defined as a basket of one or more structured products, may be converted into one or more structured products. Trade information that represents the trade transaction agreement may be initially provided or specified in various forms, to subsequently be analyzed to construct the trade transaction agreement into its corresponding structured products. The structured products are suitable for submission to post-trade processing facilities for subsequent processing thereof and are accordingly submitted. The structured products may be submitted to a variety of post-trade processing facilities, or one post-trade processing facility may be utilized. | 02-25-2010 |
20100049647 | FINANCIAL SECURITY AND A TRANSACTION METHOD, SYSTEM AND INDEX RELATING TO THE SAME - A tradable security comprising a voting right associated with an underlying financial security and an instrument for permitting at least said voting right to be separated from at least some residual rights in the underlying financial security to create a voting right security wherein the ownership and control of the voting right security is tradable separate from the residual rights in the underlying security to permit a value of said voting right security to be established in an open market. In another aspect the invention is directed to a method of creating such a voting right security. In another aspect the invention is directed to a method of clearing and setting trades of the voting right security. In another aspect the invention is directed to a method of creating an index from the voting right security. | 02-25-2010 |
20100049648 | TRADING ORDERS WITH DECAYING RESERVES - In various embodiments, an apparatus includes a processor and a memory. The memory is communicatively coupled to the processor. The memory stores software instructions that, when executed by the processor, cause the processor to receive a trading order for a particular quantity of a trading product. The trading order specifies that a first portion of the particular quantity is a displayed quantity and that a second portion of the particular quantity is a reserved quantity. The trading order specifies at least one of a decay rule, a decay interval, a decay rate, decay quantity, and one or more conditions. The software instructions, when executed by the processor, cause the processor to cause the reserved quantity to decay based at least in part on at least one of the decay rule, the decay interval, the decay rate, and the decay quantity, and one or more conditions. | 02-25-2010 |
20100049649 | Methods and Apparatus Relating to the Formulation and Trading of Investment Contracts - A data processing system to enable the formulation of multi-party investments contracts is disclosed. The system comprises input means by which an ordering party can input contract data relating to at least one phenomenon, the phenomenon having a range of future outcomes and a future time of maturity. The contract data further includes a set of probabilities of occurrence for each outcome in the range and a consideration due to a counterparty at or after the time of maturity. One or more counterparties can input registering data including a set of probabilities of occurrence for each outcome in the range. The system further includes a data processor that is operable to price and match a contract from the contract data and the registering data. The pricing includes applying at least one template of entitlement as a function of outcome to each counterparty's set of probabilities to give one or more individual counterparty prices each equal to the ordering party's consideration, and further, applying the ordering party's set of probabilities to each template to derive an implied entitlement. The matching includes determining which counterparty will provide the best entitlement on maturity by comparing each implied entitlement with the consideration, and matching the contract with the counterparty having the template for the best comparison. | 02-25-2010 |
20100049650 | FACTORING SYSTEM AND METHOD - A computerized system and method for facilitating proposed factoring transactions between a funding source and a client in which the funding source advances funds to the client based on accounts receivable to the client by one or more customers on one or more invoices includes a computer program that receives instructions from a client to submit one or more invoices to a funding source for an advance of funds on accounts receivable on the chosen invoices and that provides access to invoice data to a funding source for determining whether the funding source will advance funds on the chosen invoices. | 02-25-2010 |
20100057600 | FINANCIAL TRADING SYSTEM - Disclosed is a computer-implemented system for facilitating generation of a computer-executable financial trading strategy, the system being adapted to provide a graphical user interface for defining a financial trading strategy by arranging interconnectable building blocks into a diagram on a drawing pane provided by the graphical user interface, each building block representing a functional system component of the financial trading strategy; wherein the system includes a plurality of types of functional system components, wherein the drawing pane includes a corresponding plurality of sub-panes, and wherein the system is configured to provide functionality for a user-controlled placement of building blocks into the sub-panes corresponding to the respective types of building blocks. | 03-04-2010 |
20100057601 | System and Method for Conducting Auctions - A method and system for conducting an auction in an adult-entertainment facility includes a display operable to display a plurality of entertainer identifiers each corresponding to a different one of a plurality of adult entertainers within an adult-entertainment facility. Bidding devices with unique bidder identifiers are used by patrons and are operable to electronically transmit bids to a central processor, which associates the bid with the identified entertainer and bidder and determines if the bid has a bid-winning status. If the bid has winning status at the end of the auction, the bidder is provided with the dancer's company for a pre-set amount of time. | 03-04-2010 |
20100057602 | Electronic trading GUI - In accordance with the principles of the present invention, a graphical user interface for computer trading is provided. A display represents best bid and best ask prices for an execution venue, with one axis representing available prices, and another axis representing time. The display includes a sell area, a bid-ask spread, and a buy area. The boundary of the sell area and the bid-ask spread represents best ask price for the execution venue, and the boundary of the buy area and the bid-ask spread represents best bid price for the execution venue. First indicium on the display represents order executions and second indicium on the display represents orders. The position of the first indicium represents the time and price of the execution, the size represents the size or quantity of the execution, and the colour represents execution type and execution venue. The position of the second indicium represents the price of the order; the size represents the duration of the order, and the colour represents the order type and posted exchange venue. The second indicium can further comprise a transparency representing the size of the order. | 03-04-2010 |
20100057603 | METHOD AND APPARATUS FOR TRADING FINANCIAL INSTRUMENTS BASED ON A MODEL OF ASSUMED PRICE BEHAVIOR - A model of assumed price behavior of a financial instrument is used in trading the financial instrument. The model includes one or more analytic levels containing analytic values divided into nodes where each node is associated with a future price indicator (such as a price offset) of the financial instrument for a particular look ahead interval. For each analytic level of the model, a current analytic value is related to one of the nodes of that analytic level and a trade order is generated when the future price indicator associated with a node to which the current analytic value relates meets a trader's criteria for trading the instrument. Generated trade orders may rest on the book or be filled immediately. Resting orders may be re-priced as market conditions or current analytic values change. Optionally, a trader may specify an edge that triggers submittal of the trade order to an exchange when the future price indicator meets the inverse of the specified edge value. For round trip orders, the trader may specify a hedge offset that is added to the trade price calculation to help ensure the second leg of the round trip order gets filled. Trade orders may be generated when one or all analytic levels of the model indicate favorable trading conditions. | 03-04-2010 |
20100057604 | METHOD AND SYSTEM FOR COMPUTER-IMPLEMENTED TRADING OF SECONDARY MARKET DEBT SECURITIES - A computer-implemented method and system for trading of debt securities (bonds), where multiple dealers participate and compete on a single platform ( | 03-04-2010 |
20100057605 | ACCEPTING DOCUMENTS FOR PUBLICATION OR DETERMINING AN INDICATION OF THE QUALITY OF DOCUMENTS - The invention concerns accepting documents for publication. In particular, but not limited to, the invention concerns the publication of research related papers, such as publishing academic manuscripts on the Internet. The invention also concerns determining an indication of the quality of a document. Using the invention documents are accepted or rejected for publication, and/or an indication of the quality of a document is determined based on market forces associated with the selling of shares in the document. The participants all trade in the virtual market place with the aim of increasing the number of tokens that they own which reflects their reputation as an assessor of documents. This affects the value of shares in documents by increasing the value of documents of a higher quality. Aspects of the invention includes methods, a computer system and software applications used to perform the methods. | 03-04-2010 |
20100057606 | Syndication Loan Administration and Processing System - A loan syndication tracking and management system and method provides a user with access to specific details related to a syndicated loan. The system and method coordinates investor, borrower and resource information, in addition to features related to the overall structure of a syndicated loan. Users access the system with various levels of permissions to view, add, update or delete information according to their allotted permissions. The system permits multiple users to access the information for efficient handling of approvals and requests related to multiple investors and borrowers, in addition to handling institution interchanges and notifications. The system and method keeps a record of all transactions and changes for review, reporting or regulatory purposes. The administration of a syndicated loan transaction is simplified while providing advanced features such as support for loan trading. | 03-04-2010 |
20100057607 | System, Method, And Program Product For Foreign Currency Travel Account - Systems, program product, and methods for securing or procuring destination currency funds for a traveler to be used for travel in a destination country commencing at a scheduled future travel date, are provided. A system can include a domestic financial institution server including foreign destination currency transaction account program product. The system provides for establishing an interest-bearing foreign destination currency transaction account having a user-selected maturity date coinciding with a preselected travel date, and near, but prior to the preselected travel date, providing to the traveler a travel debit card having access to the balance of foreign destination currency finds including both principal and accrued interest. | 03-04-2010 |
20100057608 | System and methods for processing open-end mutual fund purchase and redemption orders at centralized securities exchanges and other securities trading and processing platforms - A system for processing traditional open-end mutual fund purchase and redemption orders at a server at designated Exchange(s) for receiving order messages from at least one of a plurality of Brokers and Member Firms, the server having at least one processor and memory for storing routines operable to process individual or aggregated order messages, preferably based on a prioritized set of business rules, and/or match the purchase and redemption orders, reformat the orders, and transmit the reformatted orders to at least one of a plurality of Fund/Securities Clearing Agents, Funds/Transfer Agents and Depositaries for confirmation, and clearing and settlement of issuance and redemption orders for mutual fund shares, as well as payment of mutual fund dividends. | 03-04-2010 |
20100063918 | METHOD TO PRIORITIZE PRODUCT REQUIREMENTS - A method for prioritizing features that can be incorporated into a product, the method including: issuing a weighting factor to each stakeholder having an economic interest in the product, a size of the weighting factor being proportional to a size of a budget for each stakeholder; bidding an amount of the weighting factor for each feature by each stakeholder, a total amount bid by each stakeholder is not to exceed the size of the weighting factor issued to each stakeholder; summing the amounts bid for each feature to provide a total feature bid for each feature; and prioritizing the features in order from highest total feature bid to lowest total feature bid. | 03-11-2010 |
20100063919 | TRADING STYLE AUTOMATED ANALYSIS AND REVERSE ENGINEERING - A trading style reverse engineering system capable of learning specific trading styles by automated analysis and reverse engineering comprising: a data acquisition system having an input communicating with a securities exchange and various market news sources for receiving buy/sell data and market news data; an order and execution import module having an input communicating with model trader's trading interface for acquiring model trader order and execution data; a clock for generating clock times; a decision logic having a repository for storing a set of buy/sell rules for buying and selling securities in response to said buy/sell data, said market news data, and said order and execution data with said clock times; a knowledge database having inputs for receiving data from said order and execution import module, said data acquisition system, and said decision logic; a processing logic having inputs respectively communicating with said data acquisition systems, said order and execution module, and with said clock for assigning respective clock times to said market data and model trader data. | 03-11-2010 |
20100063920 | Exposure Based on Capacity - This invention relates to hedge fund indexing in general and methods and systems for constructing and maintaining investable hedge fund indices in particular. | 03-11-2010 |
20100070399 | System and method for trading multiple tradeable objects using a single trading interface - A system and method are provided for displaying information related to a plurality of tradeable objects using a single graphical interface. One example graphical interface includes at least two screen regions displayed in relation to each other, with each region including a plurality of locations. Each location in the first screen region corresponds to a value along a first value axis, and each location in the second screen region corresponds to a value along a second value axis. The graphical interface also includes a first indicator in the first region and a second indicator in the second region. In response to a repositioning command based on an algorithm, the graphical interface includes a repositioned first value axis and the second value axis, such that the indicators are displayed in new locations determined based on the algorithm. | 03-18-2010 |
20100070400 | DYNAMIC COMPUTER SOFTWARE FOR TRADING SECURITIES - The invention relates to a computer-implemented process for trading a position in a security. The process is executed by a computer program that determines a reference price for the security, monitors the value of the security over time, and receives an input corresponding to a differential in the value of the security. A trigger price is determined for the security as a function of the differential and the reference price. The program liquidates the security after determining that the value of the security reaches or passes the trigger price in a first direction. After liquidating the security, the program automatically acquires at least one position in the security when the value of the security reaches or passes the trigger price in a second direction opposite to the first direction. The computer-implemented process and program may be modified in several ways. | 03-18-2010 |
20100070401 | APPARATUS AND METHODS TO DETERMINE WHETHER AN ORDER IS A TEST ORDER - In various embodiments, a data signal is received from a computer system. The data signal includes an order for an instrument and further includes an indicator. The indicator indicates that the order is one of a real order or a test order. The order is a test order. A test order that specifies a bid cannot bind an originator of the test order to tender money. A test order that specifies an offer cannot bind the originator of the test order to tender the instrument. The order is matched to another order. Whether the order is a test order or a real order is determined, based at least in part on the indicator. | 03-18-2010 |
20100070402 | User Interface for Semi-Fungible Trading - A user interface and method are disclosed for providing trading between a plurality of semi-fungible and non-fungible goods. A plurality of book axes are displayed in a single interface, each book axis representing a market for a particular good. Orders for goods are displayed as marks on the axes to display the relative value of the orders. A value axis is provided that relates the value of the goods from each market to each other. Thus, a single interface provides the means to relate the values of different semi-fungible goods. The value axis may be displayed in units of price, or a custom value designated by a user or pre-defined by the interface. Quantity information is represented in the interface through the display of a dimension of an order icon. Precise information about each order is displayed either in a panel view or a pop-up window. | 03-18-2010 |
20100070403 | System and Method for Order Placement in an Electronic Trading Environment - A system and associated methods are provided for intelligent placement and movement of orders in an electronic trading environment. According to one example method, in addition to submitting a leg order at a calculated price level, additional orders, queue holder orders, are submitted for the leg order at prices either below or above the calculated price level. Based on this configuration, if the conditions change such that it is necessary to re-price the leg order, there will be already an order resting in the exchange order book at the re-calculated price that can be used in the strategy. Upon re-pricing the leg order, one or more additional queue holder orders will be placed in the market. Other tools are provided as well. | 03-18-2010 |
20100070404 | METHOD AND SYSTEM FOR TRACKING AND REPORTING EMISSIONS - The present invention relates to methods and systems of tracking enterprise gas emissions such as greenhouse gas emissions. The systems and methods relate to collecting or entering data relating to one or more emissions source of an enterprise or an enterprise location, calculating emissions totals, and, according to certain embodiments, generating emissions reports. | 03-18-2010 |
20100076883 | GENERATING RISK POOLS - A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described. | 03-25-2010 |
20100076884 | TRADING RELATED TO FUND COMPOSITIONS - A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described. | 03-25-2010 |
20100076885 | CLEARING AND SETTLEMENT OF TRADES IN OVER THE COUNTER MARKETS - A post-trade settlement system matches trade tickets relating to trades executed on a trading system or by another means. Matched trades are novated by executing a trade for the volume and price of the matched trade between a first counterparty and the settlement system and an equal but opposite trade between the settlement system and the second counterparty to the trade. The positions of each counterparty are continuously netted. There is no physical settlement of the positions but profit and loss is transferred periodically. If physical settlement is required a notice of interest is sent and a counterparty identified. A settlement swap is then executed between the settlement system and the two counterparties to the physical settlement. The settlement swap moves the position to be settled physically from the settlement system to each of the counterparties whereupon the amount moved can be settled by a transfer from one counterparty to the other. | 03-25-2010 |
20100076886 | Trading Platform - This invention concerns a trading platform suitable for derivative and foreign exchange transactions between wholesale banking clients operating in the global financial markets. In particular, the invention concerns an interactive, automated computerized trading platform for regulating the buying and selling of all or part of orders listed on the platform by traders. Using the platform a trader (a broker or dealer) is able to enter an order that includes a (offer or bid) price visible to counterparties as well as one or more better prices that are hidden from counterparties. The trader is also able to interactively respond to visible (bid or offer) prices in counterparties' orders by changing the prices in their own order. And, the platform responds automatically to a counterparty's order that includes a visible price which matches a price, whether visible or hidden, in the trader's order, to facilitate a trade between them. In another aspect the invention concerns a method of operating an interactive, automated computerized trading platform. In a further aspect the invention concerns a computer program product. | 03-25-2010 |
20100076887 | AUTOMATED BATCH AUCTIONS IN CONJUNCTION WITH CONTINUOUS FINANCIAL MARKETS - A method and system for performing a batch auction whereby a series of orders, according to a variety of predetermined order types, are generated by qualified market participants and communicated to an auction system. The auction system takes into account each order and its impact upon relative supply and demand to determine by a preset algorithm a price and share transaction quantity. Trades are executed at the price, and a portion of the transaction quantity is allocated to each investor on a fair basis dependent upon their initial orders. In embodiments of the present invention, the auction system uses a computer system or network designed to automatically perform one or more steps of the above method. Such a system is preferably connected to one or more ECNs such that non-executed shares can be automatically sent to outside sources for execution. In alternative embodiments, the invention includes the use of a one or more intermediaries or market makers to cover certain unexecuted trades at the determined price. The present invention is preferably used to conduct batch auctions at the opening and closing of securities trading markets. | 03-25-2010 |
20100082472 | INTEGRATION OF OPEN ADVERTISEMENTS WITH E-COMMERCE ACTIVITIES - A method is disclosed for integration of open advertisements with targeted websites, including enabling a seller to place a product on auction through an auction website, wherein an auction server creates an auction listing for the product together with a first software code affiliated with the auction listing; marking the first software code to function with a targeted website in response to the seller requesting an open advertisement of the auction listing; receiving a call of the software code from a targeted website server; generating a second software code with the first software code, wherein the second software code includes a product identification to provide access to the auction server; and sending the second software code to the targeted website server, the second software code configured to create the open advertisement that displays specific information related to the auction listing to be served to an advertisement position of the targeted website. | 04-01-2010 |
20100082473 | HYBRID TRADING SYSTEM FOR CONCURRENTLY TRADING SECURITIES OR DERIVATIVES THROUGH BOTH ELECTRONIC AND OPEN-OUTCRY TRADING MECHANISMS - A system and method of allocating orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes permitting multiple quotes to be disseminated to the market, but limiting market making to only those entities having a physical presence on the floor of the exchange. Methods of enhancing the hybrid electronic and open-outcry exchange also include automatically eliminating crossed quotes and locked quotes while permitting certain orders to trade against locked quotes. | 04-01-2010 |
20100082474 | Computer method and apparatus that facilitates the trading of complex financial instruments on the internet within the context of a portal as defined by the United States Securities and Exchange Commission - Computer method and apparatus that facilitates the trading of complex financial instruments on the internet within the context of a portal as defined by the United States Securities and Exchange Commission. | 04-01-2010 |
20100082475 | Auction market with price improvement mechanism - A system for auctioning financial products over a distributed, networked computer system includes a plurality of workstations for entering orders for financial products into the distributed, networked computer system. The orders specify a price for the financial product, a quantity of the financial product and exposure time which the order can remain active. The system also includes a plurality of workstations for entering predefined relative indication and responses to orders for the product. The predefined relative indications specify a willingness to trade. The responses specify a price and quantity. The system includes a server computer coupled to the workstations for entering the orders, predefined relative indications, and the responses, with the server computer executing a server process that for a first one of said orders, determines a match to said first order with the predefined relative indications, responses and contra-side orders during an interval determined by the exposure time specified by said first order. | 04-01-2010 |
20100088211 | DEBT SECURITY HAVING RETURN INVERSELY RELATED TO ASSOCIATED SECURITY - According to some implementations, a method comprises creating a debt security, wherein the debt security has a creation date and a maturity date, further wherein the debt security is associated with at least one security; issuing the debt security with a principal amount; and determining a rate of return for the debt security at the maturity date, wherein the rate of return for the debt security is inversely related to a rate of return of the associated at least one security between the creation date and the maturity date. According to some implementations, an exchange traded note comprises at least one associated security; and a rate of return, wherein the rate of return for the exchange traded note is inversely related to a rate of return of the associated at least one security between a creation date and a maturity date. | 04-08-2010 |
20100088212 | SYSTEMS AND METHODS FOR MATCHING ONE OR MORE INCOMING ORDER TO A STANDING ORDER AS A FUNCTION OF AN INNER MARKET PARAMETER - A method of order allocation is disclosed. The method includes receiving an incoming order, establishing an inner market representing a first portion of an order book which may be defined as a function of an inner market parameter, designating the first portion of the order book as a priority and allocating the first portion of the received incoming order based on the priority, establishing an outer market that represents a second portion of the order book that includes the remainder of the order book not represented by the inner market of the order book, assigning the received incoming order to one of the inner or outer markets as a function of the inner market parameter, allocating a first portion of the incoming order to the inner market utilizing a first-in, first-out (FIFO) algorithm, and allocating a second portion, in excess of the first portion, of the incoming order to the outer market using a pro-rata algorithm. | 04-08-2010 |
20100088213 | SYSTEM AND METHOD FOR MATCHING ONE OR MORE INCOMING ORDER TO A STANDING ORDER BASED ON MULTIPLE ORDER PRIORITY - A method of order allocation is disclosed. The method includes receiving an incoming order, establishing an inner market representing a first portion of an order book which may be defined as a function of an inner market parameter, designating the first portion of the order book as a priority and allocating the first portion of the received incoming order based on the priority, establishing an outer market that represents a second portion of the order book that includes the remainder of the order book not represented by the inner market of the order book, assigning the received incoming order to one of the inner or outer markets as a function of the inner market parameter, allocating a first portion of the incoming order to the inner market utilizing a first-in, first-out (FIFO) algorithm, and allocating a second portion, in excess of the first portion, of the incoming order to the outer market using a pro-rata algorithm. | 04-08-2010 |
20100088214 | SYSTEM AND METHOD FOR MATCHING ONE OR MORE INCOMING ORDER TO A STANDING ORDER BASED ON MULTI-LEVEL ALLOCATION - A method of order allocation is disclosed. The method includes receiving an incoming order, establishing an inner market representing a first portion of an order book which may be defined as a function of an inner market parameter, designating the first portion of the order book as a priority and allocating the first portion of the received incoming order based on the priority, establishing an outer market that represents a second portion of the order book that includes the remainder of the order book not represented by the inner market of the order book, assigning the received incoming order to one of the inner or outer markets as a function of the inner market parameter, allocating a first portion of the incoming order to the inner market utilizing a first-in, first-out (FIFO) algorithm, and allocating a second portion, in excess of the first portion, of the incoming order to the outer market using a pro-rata algorithm. | 04-08-2010 |
20100088215 | SYSTEM AND METHOD FOR MATCHING ONE OR MORE INCOMING ORDER TO A STANDING ORDER BASED ON MULTIPLE ORDER PRIORITY ALLOCATION - A method of order allocation is disclosed. The method includes receiving an incoming order, establishing an inner market representing a first portion of an order book which may be defined as a function of an inner market parameter, designating the first portion of the order book as a priority and allocating the first portion of the received incoming order based on the priority, establishing an outer market that represents a second portion of the order book that includes the remainder of the order book not represented by the inner market of the order book, assigning the received incoming order to one of the inner or outer markets as a function of the inner market parameter, allocating a first portion of the incoming order to the inner market utilizing a first-in, first-out (FIFO) algorithm, and allocating a second portion, in excess of the first portion, of the incoming order to the outer market using a pro-rata algorithm. | 04-08-2010 |
20100088216 | SYSTEM AND METHOD FOR MATCHING ONE OR MORE INCOMING ORDER TO A STANDING ORDER BASED ON TIME ORDER PRIORITY ALLOCATION - A method of order allocation is disclosed. The method includes receiving an incoming order, establishing an inner market representing a first portion of an order book which may be defined as a function of an inner market parameter, designating the first portion of the order book as a priority and allocating the first portion of the received incoming order based on the priority, establishing an outer market that represents a second portion of the order book that includes the remainder of the order book not represented by the inner market of the order book, assigning the received incoming order to one of the inner or outer markets as a function of the inner market parameter, allocating a first portion of the incoming order to the inner market utilizing a first-in, first-out (FIFO) algorithm, and allocating a second portion, in excess of the first portion, of the incoming order to the outer market using a pro-rata algorithm. | 04-08-2010 |
20100088217 | GLOBAL COMPLIANCE SYSTEM - A system for implementing a compliance program in a financial institution is provided and includes a list database for storing material information regarding a plurality of entities that is known to said financial institution. Also included is a list manager that receives a compliance query from an affiliate of the financial institution having a status. The list manager provides a compliance response to the affiliate based on the plurality of entities and according to the status of the affiliate. | 04-08-2010 |
20100088218 | METHOD AND SYSTEM FOR PROVIDING MULTIPLE GRAPHICAL USER INTERFACES FOR ELECTRONIC TRADING - A method and system for providing multiple graphical user interfaces for electronic trading is provided. Electronic trading information is obtained on an application on a target device from one or more electronic trading exchanges. The electronic trading information is displayed on a multi-windowed graphical user interface (GUI) with a number of alternative output displays with dynamic columns in plural different types of output displays in two-dimensional (2D) and three-dimensional (3D) modes. | 04-08-2010 |
20100088219 | System and Method of Currency Conversion in Financial Transaction Process - A transaction process system ( | 04-08-2010 |
20100094743 | LOW LATENCY TRADING SYSTEM - Systems and methods for transmitting trade orders from a client trading engine to an exchange where the trades are executed. The system may comprise a low latency system in communication with the client trading engine and the exchange server(s). The low latency system is for receiving trade orders from the client trading engine, performing one or a limited number of pre-order risk checks on the trade orders, and, when the trade orders pass the risk checks, transmitting the trade order to the exchange server(s). The system also comprises a post-order risk checking data center in communication with the low latency system via a network. The post-order risk checking data center is for performing post-order risk checks on the trade orders after the low latency system transmits the trade orders to the exchange server(s). | 04-15-2010 |
20100094744 | CONTRACTS EXCHANGE SYSTEM - A contracts exchange system includes a liquid contracts exchange, traders trading on the exchange, a securities exchange listing shares of the trader, thereby enabling access to the capital markets, and a surety guaranteeing obligations of the trader. Methods are provided for transferring risk to the capital markets, for operating a liquid contracts exchange, for paying obligations under an exchange traded contract, for calculating sureties, for auditing traders, detecting errors, mistakes or fraud in a trader's financial statements, for assuring compliance by a trader, for estimating a franchise value of a trader, for making a contract tradable on an exchange, and for managing traders in the contract exchange system. | 04-15-2010 |
20100094745 | COMPUTERIZED METHOD AND SYSTEM FOR ACCUMULATION AND DISTRIBUTION OF SECURITIES - Disclosed embodiments include computer-implemented methods and systems that permit a market participant to automatically trade a relatively large order block order to accumulate or distribute securities as multiple, relatively smaller, component orders based on order parameters and subject to conditions for the placing and/or execution of such component orders. The component orders may continue automatically, without the need for further intervention from the market participant, until the total quantity specified by the market participant is accumulated or distributed. | 04-15-2010 |
20100094746 | SYSTEM AND METHOD FOR AGGREGATION OF IMPLIED SHORT TERM INTEREST RATE DERIVATIVES BIDS AND OFFERS - A method and system for facilitating trading of derivatives contracts is provided. The method includes receiving orders, including bids and/or offers, and creating implied orders for matching combinations of outright and strategy orders based on permitted implied patterns. | 04-15-2010 |
20100094747 | Object Oriented System For Managing Complex Financial Instruments - Object oriented design strategies and patterns are applied to financial data processing systems for processing and modeling of financial products (also referred to as financial instruments) with an emphasis being on derivative products. The system employs valuation independent, well-defined financial components (also referred to as financial events) that can be combined to build new financial structures. A general purpose software model is provided for representing the structure and characteristics of these products. A declarative specification language is provided to describe financial instruments in a consistent manner that lends itself to processing in such an object oriented system. A general traversal process is provided that can be applied to the macro structure of a financial instrument to implement various functions that produce results based on such information, such as the stream of financial events associated with the instrument, or the pricing or valuation of the instrument. Techniques including double dispatch and other mechanisms are further provided to provide flexible means of associating the appropriate processing methods with the diverse range of instrument characteristics that are encountered in a typical financial institution's course of business. | 04-15-2010 |
20100100471 | ADAPTIVE BIDDING SCHEME FOR GUARANTEED DELIVERY CONTRACTS - Disclosed are apparatus and methods for providing a bidding mechanism for guaranteed delivery contracts. In one embodiment, a method includes (i) providing a plurality of bid parameters that were updated based on a current delivery and/or a running cost per impression for such guaranteed delivery contract; (ii) if the advertisement impression is eligible to serve the guaranteed delivery contract, determining whether to submit a bid for the advertisement impression for the guaranteed delivery contract based on one or more of the bid parameters; and (iii) if it is determined that a bid is to be submitted for the guaranteed delivery contract, submitting a bid for the advertisement impression for the guaranteed delivery contract so that a bid amount is selected to be limited by one or more of the bid parameters. | 04-22-2010 |
20100100472 | Computer-Implemented Systems and Methods for Blotter Synchronization - Computer-implemented systems and methods are disclosed for synchronizing securities order information between an order management system and liquidity source computer systems. An order management system generates a securities order and communicates it to a blotter synchronization module. The blotter synchronization module communicates with liquidity source computer systems to indicate that the securities order is open for execution, and the liquidity source computer systems may respond to request permission to execute the securities order. The blotter synchronization module determines whether to select one of the liquidity source computer systems to execute the securities order. | 04-22-2010 |
20100100473 | Collar Indexes and Financial Products Based Thereon - A financial instrument involves creating an underlying asset portfolio and implementing a passive total return “collar” strategy into the financial instrument based on writing a covered call option against that same underlying portfolio for a set period and using the premium from selling this new call option to buy protective put option diagonal spreads such that the long leg of the put option diagonal spread is longer-dated and struck closer to at-the-money than the short leg of the put option diagonal spread. All option positions are held until just prior to expiration of the shorter-dated options, at which time all option positions are closed, a new call option is sold, and the premium from that option is used buy new protective put option diagonal spreads. | 04-22-2010 |
20100100474 | METHODS OF DETERMINING TRANSACTION PRICES ON ELECTRONIC TRADING EXCHANGES - A method of determining transaction prices on an electronic trading floor, or exchange, requires every participating trader to maintain a bid for each share being traded on the exchange except for those shares held by the trader. Bids are maintained in an electronic database, but not disclosed to traders. When a trader desires to liquidate a share, whether asset or liability, the method enables the trader to liquidate at the most favorable bid. Trading is thus accomplished on the electronic floor without using any offers and without disclosing bids. | 04-22-2010 |
20100100475 | Match Server For A Financial Exchange Having Fault Tolerant Operation - Fault tolerant operation is disclosed for a primary match server of a financial exchange using an active copy-cat instance, a.k.a. backup match server, that mirrors operations in the primary match server, but only after those operations have successfully completed in the primary match server. Fault tolerant logic monitors inputs and outputs of the primary match server and gates those inputs to the backup match server once a given input has been processed. The outputs of the backup match server are then compared with the outputs of the primary match server to ensure correct operation. The disclosed embodiments further relate to fault tolerant failover mechanism allowing the backup match server to take over for the primary match server in a fault situation wherein the primary and backup match servers are loosely coupled, i.e. they need not be aware that they are operating in a fault tolerant environment. As such, the primary match server need not be specifically designed or programmed to interact with the fault tolerant mechanisms. Instead, the primary match server need only be designed to adhere to specific basic operating guidelines and shut itself down when it cannot do so. By externally controlling the ability of the primary match server to successfully adhere to its operating guidelines, the fault tolerant mechanisms of the disclosed embodiments can recognize error conditions and easily failover from the primary match server to the backup match server. | 04-22-2010 |
20100106636 | INTERPROGRAM COMMUNICATION USING MESSAGES RELATED TO ORDER CANCELLATION - A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described. | 04-29-2010 |
20100106637 | SYSTEM AND METHOD FOR REPLENISHING QUANTITIES OF TRADING ORDERS - A system for replenishing trading orders comprises a memory coupled to a processor. The memory stores a trading order comprising a total quantity of a product, and at least one formula to determine a displayed quantity for the trading order. The processor applies the formula to determine the displayed quantity. The processor further determines a reserved quantity based on the determined displayed quantity and the total quantity. The processor communicates the trading order having the determined displayed quantity and the determined reserved quantity. | 04-29-2010 |
20100114751 | METHOD FOR TRADING USING VOLUME SUBMISSIONS - A method for reducing the amount of time for a user to submit an order is provided. Volume submission allows a user to submit and revise orders with a single action on a volume entry region. Typically, a user has to set a price and quantity. Many users wait for specific prices or track prices dynamically based on predefined criteria. These trading styles eliminate the need to set the price manually for each transaction. It is advantageous to provide a list or menu of buttons or selections with preconfigured volumes for the user to choose, thus allowing the single action of choosing the volume to submit the order. | 05-06-2010 |
20100114752 | METHOD AND SYSTEM FOR PROVIDING AUTOMATIC COLLECTIVE WINDOWS FOR GRAPHICAL USER INTERFACES FOR ELECTRONIC TRADING - A method and system for providing automatic collective windows for a multi-windowed graphical user interface (GUI) for electronic trading. The collective windows are automatically created with pre-determined individual graphical windows, with selectable desired screen positions on a graphical user interface, with different desired alignments of the individual graphical windows within the collective window and with a two-dimensional (2D) and three-dimensional (3D) display mode. | 05-06-2010 |
20100114753 | METHOD AND SYSTEM FOR AUTOMATIC COMMODITIES FUTURES CONTRACT MANAGEMENT AND DELIVERY BALANCING - A method and system for providing automatic commodity futures contract delivery management and balancing. A single electronic invoice and one or more different types of electronic reports are dynamically and automatically created for a trading party by allocating plural electronic delivery invoice receipts for plural futures contracts received from one or more electronic trading exchanges or open outcry trading exchanges where commodities futures contracts are being traded. The single electronic invoice includes a priority delivery order calculated using a pre-determined delivery priority scheme for plural futures contracts for which physical delivery of an associated commodity is occurring and provides an “integrated viewpoint” that aggregates commodity futures contract delivery management and balancing across all trading accounts on all commodity futures electronic trading exchanges and/or all commodity futures open outcry trading exchanges. | 05-06-2010 |
20100114754 | Win, lose or draw derivative instruments - Methods and systems are disclosed for listing and trading fixed-payoff derivative contracts between two parties based on the movement of an underlying financial instrument in a manner that eliminates the cost associated with a traditional option premium. The invention, henceforth referred to as a “Win, Lose or Draw” derivative contract, is a cash position for or against the occurrence of a designated price event above an underlying financial instrument's spot price before the occurrence of a designated price event below an underlying financial instrument's spot price, or vice versa, within a designated time period. If neither designated price event occurs within the designated time period, no loss of cash position is incurred by either party. Additional embodiments include the application of asset-backed contracts, transferable positions, multiple underlying financial instruments within the same contract, asymmetric time periods, and expirationless time periods. | 05-06-2010 |
20100114755 | AUTOMATED TRADING SYSTEMS - In an electronic trading system, prime brokerage services may be provided by assigning one or more dependent or child deal codes to a deal code. Prime broker trades are conducted via the dependent deal codes but appear to the market as deals with the parent deal code using credit assigned to the parent deal code. The prime bank customer is a dependent deal code of the customer bank which also trades on the system, allowing credit to be allocated by the customer dependent code for prime broker trades. A deal code may have several dependent deal codes which can trade with one another. Dependent deal codes can be used to expand the size of trading floors beyond that which can be supported by a single deal code and to assist in migration between system versions. | 05-06-2010 |
20100114756 | System and Method for Trading Options - A system and method of trading option contracts, such as foreign currency option contracts, is described. In one embodiment, a system and method for web-based or network-based interactive trading of currency options is described. Users of the system provide volatility runs of currency options, deal on existing offers to sell or bids to buy, or may improve on existing offers to sell or bids to buy. The system and method provide automatic price quotations for a requested option contract by polling internal volatility surfaces of users for prices on the requested contract, and ensure a more orderly pattern of trades by categorizing the users into discrete tiers which determine a user's obligations to provide offers and bids to the system and which determine a user's opportunities and rights to trade on the system. | 05-06-2010 |
20100121752 | Web-Based Bid Analysis, Award, and Contract Management System - A Web-based system for use in analyzing and awarding bids for pharmaceuticals, hospital and other medical or surgical center supplies and for managing the underlying contracts. The system features a bid management utility, a drug catalog and sales data utility, and a contract management utility. Each utility is accessible by a user based upon user privileges. The drug catalog allows user lookup of contracted drugs. The bid management utility allow a GPO to create a RFP. When the RFP is complete, it is sent via the system to participating vendors for bidding. Once a contract is established, the system database allows modification of certain contract details. | 05-13-2010 |
20100121753 | SYSTEM AND METHOD FOR HOSTING A PLURALITY OF TRADING ALGORITHMS ON AN EXCHANGE - A system and method of hosting a plurality of trading algorithms on an exchange is provided. The method includes an exchange server that receives an algorithm for trading orders from a user and associates the algorithm with the user in a database. The exchange server receives a marked order having information for associating the marked order with the algorithm, selects the algorithm associated with the user, receives market data from a market data feed, and executes the marked order according to the selected algorithm and the market data. The system includes an exchange server, rule container and rule database configured to execute the above-noted method. | 05-13-2010 |
20100121754 | SYSTEM AND METHOD FOR EXECUTING STRATEGY SECURITY TRADING - A computer implemented method and system for executing block trades for a security includes steps or devices for receiving a block trade request, at a computer system. The block request includes data representing a quantity of shares of the security to be traded over a period of time. The computer system divides the period of time into a plurality of time bins. A computer system, for the received block trade request, computes, for each time bin, a number of shares to be traded as a trading target based on at least historical trading volumes using predictive analysis. For a first time bin, a computer system generates executable trade orders for a number of shares to be traded that is substantially equal to the trading target for the first time bin. A computer system executes at least a portion of the executable trade orders in a trade forum within each time bin in the future. | 05-13-2010 |
20100121755 | Commodity Futures Index and Methods and Systems of Trading in Futures Contracts That Minimize Turnover and Transactions Costs - This invention relates to methods and systems for reducing transaction costs and minimizes turnover in the trading of futures contracts. The invention further describes an algorithm whose output is a unique method of investing in futures contracts that reduces the rate of turnover, and thus the cost of trading, of certain common trading strategies. The primary application of this method is to a class of strategies referred to as indexing strategies that incorporate a dynamic asset allocation approach using futures contracts. | 05-13-2010 |
20100121756 | METHOD AND SYSTEM FOR TRACKING DERIVATIVES POSITIONS AND MONITORING CREDIT LIMITS - A derivatives position tracking system that consists of a centralized trading engine with a trade history database capable of communication with a plurality of counterpart computers via a network to enable the execution of a derivatives transaction. The trading engine and counterpart computers enable the counterpart computers to initiate, unwind and assign requests. Upon execution of a tear-up or assignment, a record of such transaction is stored in the trade history database. Whether or not the tear-up or assignment is executed with the original counterpart, the original counterpart receives a notification of the tear-up/assignment and a new position with the counterpart is reflected in the position-tracking database. Additionally, a credit monitoring module can be used in connection with the derivatives position tracking system to enable the trading engine to alert counterparts when a derivatives transaction exceeds a pre-defined credit limit. | 05-13-2010 |
20100121757 | Regulating Order Entry in an Electronic Trading Environment to Maintain an Actual Cost for a Trading Strategy - A system and method for regulating order entry based on an acceptable slop range for a trading strategy are described. According to one example embodiment, a trader may define an acceptable slop range for a trading strategy as a percentage. The trader may also define a variable to associate with the trading strategy. Using a spread trading algorithm, a spread price axis is generated and the trader may place an order for the trading strategy at a desired price, comprising placing an order in one leg market dependent on the market conditions of another leg market. Using the acceptable slop range, the system keep the net cost to the trader within the acceptable slop range, by regulating orders in the leg markets. Defining an acceptable slop range as a percentage allows the trader to monitor and regulate their profits and loss, regardless of the type of spread trading algorithm used or the placement of an order on the spread price axis. | 05-13-2010 |
20100121758 | INDEXED PAYMENT STREAM SYSTEM AND METHOD - Provided is a computer-implemented method for providing a common index securities fund that provides liquidity in a plurality of small business borrowers in a defined class. The method comprises providing a pool of cash from a lender to the fund; generating loans from the fund to borrowers; depositing the loans in interest-bearing accounts; providing interest from the interest bearing accounts to the lender and the borrowers; and, upon withdrawal of the loans from the interest-bearing accounts, repaying the loans to the lender and commencing a payment stream by each borrower to the fund, including adjusting one or more payments in the payment stream using an index having a value relationship to the class. | 05-13-2010 |
20100121759 | Confidential Block Trading System And Method - Methods and systems for facilitating trading of securities, preferred methods comprising receiving a first buy or sell order from a first user; calculating a block price range; determining that said first order is reasonably priced; transmitting to a second user a notification that a reasonably priced order is present, but without notifying said second user of the side; receiving a second order from said second user, wherein said second order is a contra to said first order and nearly matches but does not cross said first order; transmitting a contra order notification to said second user after said second order is received, said contra order notification indicating that a nearly matching contra order is active; receiving a third order from said second user, said third order being a contra to said first order and crossing said first order; and executing a trade comprising said first order and said third order. | 05-13-2010 |
20100121760 | AUCTION FOR FINANCIALLY SETTLED CONTRACTS - Various embodiments show a system for conducting an auction for a plurality of financially settled contracts: The system may comprise at least one processor. The at least one processor may be programmed to receive a plurality of first participant bids from a first participant and a plurality of second participant bids from a second participant. The at least one processor may also be programmed to match a batch of bids to create a plurality of awarded bids. The contracts may include, for example, an oil contract, a coal contract, a natural gas contract, an electricity contract, a weather contract, a weather-related events contract, a commodities contract, location specific service contracts (e.g., passenger contract and/or freight contracts). | 05-13-2010 |
20100125518 | SYSTEM AND METHOD FOR FACILITATING EXCHANGE OF CREDIT DEFAULT SWAPS - A system and method for facilitating the exchange of credit default swaps identifies one of a plurality of users accessing a client processing device. Data representative of tendered credit instruments and offer prices from a plurality of tender processing devices is received at a server processing device. The server processing device determines from user data whether sufficient credit is available to the identified user for the purchase of a selected quantity of the tendered credit instrument. If sufficient credit for the identified user does exist the selected tendered credit instrument is transferred by instructing a payment clearance of the payment transaction, electronically signing an electronic credit default swap contract on behalf of the user and the buyer or seller of the tendered credit instrument and transmitting the credit default swap contract to the tender processing device and client processing device. | 05-20-2010 |
20100125519 | SYSTEM AND METHOD FOR ELECTRONICALLY TRADING DERIVATIVES AND OTHER FINANCIAL INSTRUMENTS - A computerized electronic trading system and method permits a customer using a customer computer to electronically request a market from a dealer using a dealer computer for a financial instrument through a network. The centralized computer system includes one or more computers and at least one message server for communicating electronic messages between the customer computer and the dealer computer, and a database system including at least one storage device, the database system storing at least information related to a plurality of financial instruments and to a trade executed between the customer and dealer. The computerized electronic trading system is programmed with a request for market module programmed with a trade negotiation sub-component to handle the exchange of messages related to the negotiation of trades, and a trade execution module to negotiate pricing for the financial instrument, including an ability to counter a price quote for the financial instrument are transmitted through the computerized electronic trading system, and execute a trade upon agreement between the customer and the dealer on the price quote. | 05-20-2010 |
20100125520 | METHOD AND APPARATUS FOR ON-LINE PREDICTION OF PRODUCT CONCEPT SUCCESS - A method, network entity and computer program product are provided for conducting a prediction market to test product concepts. In particular, an interface may be provided from which a user may select one or more markets in which the user would like to participate in a prediction market. Information associated with each of a group of product concepts falling within one of the selected markets, including a stock price, may be retrieved and displayed to the user. The user may indicate a number of shares he or she would like to purchase in at least one of the product concepts, and the stock price associated with each of the product concepts may be adjusted based on the number of shares purchased. A report may be generated and transmitted to a merchant associated with the product concepts being tested, wherein the report may include a volume weighted average price associated with each product concept. | 05-20-2010 |
20100131402 | SYSTEM AND METHOD FOR AIR TRAVEL COMMODITIZATION - System and methods are provided for the definition and commoditization of a four-dimensional trajectory of airspace, i.e., a bundle of spatially-contiguous, three-dimensional volumetric units of airspace at distinct, finite, and contiguous periods of time. The three primary determinants of air transportation throughput, i.e., seat and freight capacity, runway environment capacity, and safe-separation airspace capacity, are individually defined and commoditized. In an illustrative implementation, parties may compete to offer units of safe-separation airspace capacity, which may be bundled together to form a four-dimensional trajectory, and/or runway environment capacity, which may collectively comprise a particular flight bundle. This flight bundle may then be sold on a commodities market to the highest-bidding seat and freight capacity provider. In a further illustrative implementation, a seat and freight capacity provider may purchase a flight bundle comprising a primary four-dimensional trajectory and one or more contingent four-dimensional trajectories or portions thereof. | 05-27-2010 |
20100131403 | APPARATUS AND METHODS FOR HANDLING TRADING DATA - A manually-assisted computer and communications apparatus is provided for periodically fixing a price of a currency or commodity. Successive rate samples of said currency/stock/commodity are received from a plurality of sources ( | 05-27-2010 |
20100131404 | METHOD AND INTERFACE FOR PRESENTING LAST TRADED QUANTITY INFORMATION - Trading software may receive trading information from an exchange. The trading software may use the trading information to compute an estimate of last traded total sweep quantity. The trading software may also display the last traded total sweep quantity on a trading screen. | 05-27-2010 |
20100131405 | METHOD AND INTERFACE FOR PRESENTING LAST TRADED QUANTITY INFORMATION - Trading software may receive trading information from an exchange. The trading software may use the trading information to compute an estimate of last traded total sweep quantity. The trading software may also display the last traded total sweep quantity on a trading screen. | 05-27-2010 |
20100138333 | ELECTRONIC TRADING SYSTEM - An anonymous trading system comprises one or more matching engines, one or more market distributors and one or more trader terminals for input of orders from institutions trading on the system. The trader terminals are connected to the system through bank nodes. A broker terminal is connected through a bank node and enables voice brokers to trade on the system on behalf of client traders. The voice brokers terminal can be configured for any client trader and will display the market view for that trader. Trades in which the broker terminal participates are not concluded until a manual credit check has been performed. | 06-03-2010 |
20100138334 | EXCHANGE ORDER PRIORITY RETENTION FOR ELECTRONIC TRADING USING AUTOMATIC BOOK UPDATES - The present invention involves providing a computer based platform for allowing a user to establish a target trading book; evaluating the user's unmatched exchange trades to determine an actual trading book at a point in time; determining a differential between the target trading book and the actual trading book; and identifying at least one exchange trade action to transition from the actual trading book to the target trading book, wherein the exchange trade action is based on preserving at least one unmatched order with the oldest possible entry time stamp. | 06-03-2010 |
20100138335 | Trading Tools for Electronic Trading - Tools for trading and monitoring a commodity on an electronic exchange using a graphical user interface and a user input device. The tools will aid the trader in determining the status, trends in the market, and the trader's position in the market. | 06-03-2010 |
20100145841 | EVALUATION AND ADJUSTMENT OF SETTLEMENT VALUE CURVES - Disclosed is a method that is useful in connection with providing discount factors for an exchange-traded mark-to-market derivative product that has a variable tick rate, such as an interest rate swap product. In some embodiments, the method includes providing a series of consecutive settlement values, which collectively represent a settlement value curve for the derivative product. The curve is evaluated by determining, for each consecutive pair of settlement values, whether the difference between the first settlement value in the pair and the second settlement value in the pair exceeds a threshold. The threshold represents the value at which a discount factor derived from said pair of settlement values, in conjunction with other parameters, would be negative. In other embodiments the disclosed invention encompasses an apparatus and a computer-readable medium. | 06-10-2010 |
20100145842 | METHOD AND SYSTEM FOR CREATIVE COLLABORATIVE MARKETPLACES - In an embodiment, a method of conducting a multi-level transaction includes receiving a primary call for proposals, receiving one or more primary bids by a computing system with respect to the primary call for proposals, receiving one or more secondary calls for proposals for each primary bid, receiving one or more secondary bids by a computing system with respect to the one or more secondary calls for proposals, automatically determining an estimate of a trustworthiness rating for each primary bid, receiving the selection of a primary bid based on the estimates of the trustworthiness rating, and displaying the selection of the primary bid. Each secondary call for proposals includes a job request associated with the primary bid. The estimate of the trustworthiness rating is based on a trustworthiness rating associated with the primary bid and one or more secondary bid trustworthiness ratings. | 06-10-2010 |
20100145843 | METHOD AND APPARATUS FOR PRICING TRADE ORDERS TO ONE SIDE OF A MARKET CENTER ORDER BOOK - A collection of one or more trade orders for a financial instrument is priced or re-priced to one side of a market center order book based on a target execution price (representing the least favorable price acceptable for all trade orders of the collection), a book depth (representing the collection's book depth), a total order quantity (representing the total quantity of financial instrument units to be traded), and a maxshow (representing the maximum quantity to be shown on the order book at each price level of the book depth). Any existing orders of the collection that are too close to the current market price or too far from the target execution price are canceled or CXR'd, starting with the closest price level to the current market price for “too close” trade orders and the farthest price level from the Target Execution Price for “too far” trade orders. The oldest of any “too-close” trade orders resting at the same price level are cancelled first in order to maximize queue priority and obtain favorable fill prices, and the newest of any “too-far” trade orders resting at the same price level are cancelled first in order to maximize the likelihood of getting the older orders (which have a higher queue priority) filled at the more favorable too-far price. At each price level of the book depth, the quantity of financial instrument units represented by trade orders of the collection is adjusted as necessary to prevent overfilling the total order quantity. | 06-10-2010 |
20100145844 | METHOD FOR SCHEDULING FUTURE ORDERS ON AN ELECTRONIC COMMODITY TRADING SYSTEM - A method is provided for placing a trade order for a commodity on an electronic exchange to be executed at a future time, said method comprising the steps of displaying a trading screen for a commodity market, said trading screen including a future time schedule and an order entry region corresponding to each future time segment of the future time schedule, and scheduling an order corresponding to a future time segment by locating a pointer of a user device within an order entry region corresponding to the future time segment and sending an input signal via the pointer. | 06-10-2010 |
20100145845 | PROCESSING OF DEAL TICKETS - A deal feed system for passing deal tickets to back office systems comprises a deal feed contributor which receives tickets from trades on a plurality of trading systems on a plurality of trading floors, a database for storing the tickets, and a distributor for passing the tickets to back office systems. Virtual deal codes are defined to which a plurality of real deal codes map. The virtual deal codes to which a ticket relates is stored in a table with a reference to the stored ticket. A deal code table is updated with the range of the virtual deal code and the update transmitted to the bank office systems and to traders. | 06-10-2010 |
20100145846 | SYSTEM AND METHOD FOR FACILITATING TRADING IN AN ELECTRONIC MARKET - A method and system for facilitating trading of financial instruments in a market are provided. The system comprises a server and an interface. The interface is configured to enable buy orders and sell orders to be entered. Each order has a price, a volume, and an entry time and relates to a respective futures contract The server is configured to match received buy orders having a first price to received sell orders having the first price. The match is effected by ensuring that the prices match, and then using the volume and entry time for each buy order and each sell order to assign a volume weight and a time weight, and then using the volume weights and the time weights to determine each match. The server uses the matches to complete respective trades. The volume and time weights may be adjusted based on market conditions. | 06-10-2010 |
20100153253 | METHOD OF OPERATING A VENTURE BUSINESS - A method of operating a venture capital investment business, comprising establishing a business entity; the business entity establishing an investment fund; establishing a fund managing entity of the investment fund, the fund managing entity attending to administrative matters relating to the investment fund and making investment decisions for the fund; the investment fund having investors that provide capital contributions to the fund, the fund managing entity also providing capital contributions to the fund, the fund utilizing the contributions to invest in portfolio entities; the investors receiving a general participation interest in the fund, and the fund managing entity receiving a carried interest in the fund; providing the investors that have provided at least a threshold capital contribution to the fund with stock rights in the business entity to enable such investors to become shareholders in the business entity; the business entity securing a portion of IPO shares that become available in the portfolio entities; and the business entity enabling shareholders thereof to purchase IPO shares that become available in the portfolio entities. | 06-17-2010 |
20100153254 | System and Method for Creating and Trading a Digital Derivative Investment Instrument - An investment instrument is disclosed that allows investors to take risk positions relative to the occurrence or non-occurrence of a contingent binary event. The contingent binary event will have one of two possible outcomes. In a digital derivatives contract, a long investor agrees to pay a short investor a contract amount in return for the short investor agreeing to pay the long investor one of two different settlement amounts depending on the outcome as the contingent binary event. Typically, one settlement amount will be zero and the other will be an amount greater than the derivatives contract price. | 06-17-2010 |
20100153255 | METHODS AND SYSTEMS RELATING TO FUTURES TRADING - A method for converting a trading position is expressed in terms of futures contracts into a trading position expressed in terms of at least butterflies of futures contracts. The method comprises: providing a trading position; for the earliest maturity date t | 06-17-2010 |
20100153256 | SYSTEM AND METHOD FOR TRADING A FUTURES CONTRACT BASED ON A FINANCIAL INSTRUMENT INDEXED TO ENTERTAINMENT REVENUE - A method for trading a securities bundle indexed to entertainment revenue includes identifying a securities bundle comprising a first and second security. The first security is associated with a first entertainment event and the second security is associated with a second entertainment event. The first security is offered in an after-market for a buying price and a market price is determined for the first security in the after-market. | 06-17-2010 |
20100153257 | System and Method for Changing the View of a Trading Screen - A trading screen displays market information, such as working orders, buy and sell orders, and other items of interest, in association with values on a value axis. Each item of interest is therefore displayed in relation to the value axis to provide a trader with an intuitive display of the market. In one embodiment, a user can select a location associated with a particular value on the trading screen and upon an selection, for example, by a click of the mouse button, the value axis is repositioned so that the selected value is moved to a predefined location. During which, market information is moved to new locations that are associated with their respective values on the value axis. | 06-17-2010 |
20100161472 | Methods, apparatus, and systems for clearing a forward capacity auction - Methods, apparatus and systems for clearing a forward capacity auction are provided. A limited number of lumpy bids and offers received in the auction are selected. A plurality of feasible price/quantity combinations may then be generated for the selected bids and offers. A minimum consumer payment may be determined from the plurality of feasible price/quantity combinations. A market clearing solution may be obtained based on the minimum consumer payment. | 06-24-2010 |
20100161473 | CONFIRMATION OF USER ACTION REQUEST - A controller confirms a user action request. The controller includes a housing body having a modified H-shape configuration. The housing body has hand grips at longitudinal ends to provide support for the user's hands to hold the controller. A command button is arranged on the housing body. The command button is configured to initiate user action requests to a computer system. A confirmation button is arranged on the housing body. When the confirmation button is pressed simultaneously with the command button, the user action request is confirmed and relayed through the computer system to a third party system. | 06-24-2010 |
20100161474 | System and Method for Processing Failed Trades of Mortgage Backed Securities - The present invention provides a system and method for trading mortgage-backed securities (“MBS”). A system for trading includes a plurality of workstations interconnected by a server. The workstations receive data representing inventories of their MBS pools, which in turn are delivered to the server. The server, in turn, is operable to perform a transaction based on an analysis of the inventory. One type of transaction includes a consolidation of like MBS pools found in different inventories in order to reduce the size of the inventories. | 06-24-2010 |
20100161475 | SYSTEM AND METHOD FOR AN EXCHANGE OF FINANCIAL INSTRUMENTS - Provided is a method and system for an online marketplace for the buying, selling and Servicing of financial instruments, such as accounts receivable, where the online marketplace receives and analyzes Account data from a Reporting Agency Database, such as a Consumer Reporting Agency Database. The online marketplace may include a plurality of business logic Components, including an Analysis Component, an Inventory Management Component, an Offer Component, a Transaction Component, a Post-Transaction Component, a Receivables Management Knowledge Base and a Servicing Component. The Receivables Management Knowledge Base applies industry rules and regulations to the data. Users of the online marketplace may be Account Owners, Buyers, sellers, Servicers and the like. Users flag Accounts in the Consumer Reporting Agency database to be placed for sale on the online marketplace. Users may also define Selection Criteria for automatic buying, automatic selling, alerts or other such business rules. | 06-24-2010 |
20100161476 | System and Method for Money Management Using a Plurality of Profit Levels in an Electronic Trading Environment - A system and method for money management in an electronic trading environment are presented. According to one embodiment, a money management application intercepts an order before the order is sent to an exchange, and determines a plurality of P/L levels, based on which the money management application then selects a set of money management parameters to be used to control or modify order parameters before the order is sent to the exchange. The plurality of profit levels may include a net profit level determined based on a trader's net position and a current market level, a realized profit level determined based on trader's sells and buys associated with the tradeable object, or an open profit level determined based on the realized and net profit levels. The set of money management parameters may include a maximum order quantity and a maximum net position so that, for example, if the order quantity associated with the order is higher than the maximum order quantity associated with the applicable set of money management parameters, the order quantity may be modified to the maximum order quantity. | 06-24-2010 |
20100169205 | COLLATERALIZED LENDING USING A CENTRAL COUNTERPARTY - A collateralized lending system and method using a central counterparty is disclosed. Lenders place orders to enter into long contracts with a central counterparty obligating them to lend an asset, or portion thereof. Borrowers place orders to enter into short contracts with the central counterparty obligating them to borrow an asset or a substantial equivalent thereof. The net effect acts like a lending transaction between the lender and the borrower. The contracts, referred to below as “General Repo Futures” (“GRF”) and “Special Repo Futures” (“SRF”), may be characterized at least by the value, type or amount of an asset, the interest rate, the delivery/settlement date, i.e. when the loan begins, the term of the loan, or combinations thereof. The asset may be cash or one or more particular securities, such as Treasury securities. The central counterparty anonymously matches counter-orders from one or more borrowers and one or more lenders and facilitates, at the settlement/delivery date, the lending transaction by novating itself into the matched transaction between the borrower(s) and the lender(s), i.e. the lender(s) tenders the asset, or portion thereof, to the central counterparty, such as to a clearing entity operated by the central counterparty, and the central counterparty/clearing entity loans/delivers the asset, or portion thereof, or a substantial equivalent, to the borrower. In one embodiment, the central counterparty/clearing entity may collect collateral from the borrower in exchange for loan. Upon expiration of the loan, the central counterparty/clearing entity facilitates redemption of the loan, e.g. repayment by the borrower to the central counterparty, and return of the collateral, and repayment by the central counterparty to the lender, as well as collection and payment of interest, etc. As a result of the novation, the transactions between the central counterparty and the lender and borrower are independent and guaranteed. Thereby, the risk of loss due to borrower default is absorbed by the central counterparty encouraging lending activity by prospective lenders resulting in increased credit availability. | 07-01-2010 |
20100169206 | System and Method For A Trading Interface Incorporating A Chart - A graphical interface and method are provided for displaying market information corresponding to a tradeable object. One graphical interface includes a chart region for displaying historical market data in relation to a first value axis, and a market grid region in alignment with the chart region. The market grid region comprises a plurality of areas for receiving commands from a user input device to send trade orders, and the areas are displayed in relation to a second value axis. A plurality of values displayed along the second value axis is a subset of values displayed in relation to the first value axis, and can be modified to a new plurality of values that corresponds to a new subset of values on the first value axis. | 07-01-2010 |
20100169207 | Sovereign certificates issuance plan - This business method will enable me and my company to provide limited financing to the Federal government so that it can pay for certain expenditures without incurring debt. It consists of an actual business method which creates a public-private relationship to facilitate the funding process, as well as a new type of investment security that is sold into the capital markets to raise the needed funds. The security is a non-debt instrument whose sole purpose is capital appreciation. It is comprised of components to specifically raise and allocate the needed funds, and to control the sale and appreciation rates. The security must be sanctioned and backed by the full faith and credit of the Federal government. The securities will be sold and traded exclusively on a computerized exchange platform owned and operated by my business. | 07-01-2010 |
20100169208 | METHOD AND APPARATUS FOR INFORMING A TRADER OF A DISTANCE FROM MARKET FOR A FINANCIAL INSTRUMENT BUNDLE - A trader of a financial instrument bundle is informed of a difference between the desired price of the financial instrument bundle and a currently available price for the financial instrument bundle. The price differential, displayed on the trader's trading screen, may be in the form of a numeric value. The numeric value and/or other indicator may have a variable property (such as color or dimension) to indicate the price differential. | 07-01-2010 |
20100174633 | Determination of Implied Orders in a Trade Matching System - A computer implemented method for determining implied orders in an electronic trading system is provided. The method comprises receiving a first set of one or more real orders, wherein the orders are not tradable against each other. One or more implied orders are identified within the first set of real orders. Market data corresponding to the implied orders can also be identified. At least one additional order is received and the tradability of the additional order is determined against the real or implied orders within the first set of real orders. A resting set of orders is determined from those real and implied orders within the first set of orders not affected by the tradability of the additional order. Implied orders are determined from within the set of resting orders. | 07-08-2010 |
20100174634 | SYSTEM AND METHOD FOR PROVIDING LATENCY PROTECTION FOR TRADING ORDERS - A system for managing trading orders comprises a memory operable to store an order associated with a first price. The system further comprises a processor communicatively coupled to the memory and operable to identify a latency value. The processor is further operable to receive a counterorder and to identify a potential trade associated with the order and the counterorder, the potential trade based at least in part on the first price. If the latency value satisfies a configurable condition, the processor is further operable to initiate a configurable period of time. If the potential trade is not valid upon expiration of the configurable period, the processor is further operable to prevent the execution of the potential trade. | 07-08-2010 |
20100174635 | METHOD AND SYSTEM OF TRADING A STANDARDIZED CONTRACT - A system, method, and corresponding computer program product facilitates trading of a standardized contract. The terms of the contract may be such that it provides a payout from one party to the other based on the price, yield, level or other measure of an asset, basket, index, financial contract, other financial instrument or some economically significant variable observed at or around two specified times, both such times being after the time that the standardized contract is first available for trading. Alternatively, the terms of the contract may be such that it provides that one party has the right but not the obligation either to purchase or to sell some asset at a price which is determined at a first specified time, such right to be exercised at some time not later than the second specified time, both such times being after the time that the standardized contract is first available for trading. These and other related contracts are described. | 07-08-2010 |
20100174636 | METHOD AND SYSTEM OF TRADING A STANDARDIZED CONTRACT - A system, method, and corresponding computer program product facilitates trading of a standardized contract. The terms of the contract may be such that it provides a payout from one party to the other based on the price, yield, level or other measure of an asset, basket, index, financial contract, other financial instrument or some economically significant variable observed at or around two specified times, both such times being after the time that the standardized contract is first available for trading. Alternatively, the terms of the contract may be such that it provides that one party has the right but not the obligation either to purchase or to sell some asset at a price which is determined at a first specified time, such right to be exercised at some time not later than the second specified time, both such times being after the time that the standardized contract is first available for trading. These and other related contracts are described. | 07-08-2010 |
20100174637 | Dynamic Aggressive/Passive Pegged Trading - A computer-implemented system and method for executing trades of financial securities according to a combination passive/aggressive trading strategy that reliably executes trades of lists of securities or blocks of a single security within a desired time frame while taking advantage of dynamic market movement to realize price improvement for the trade within the desired time frame. A passive trading agent executes trades at advantageous prices by floating portions of the order at the bid or ask to maximize exposure to the inside market and attract market orders. An aggressive agent opportunistically takes liquidity as it arises, setting discretionary prices in accordance with historical trading data of the specified security. | 07-08-2010 |
20100179899 | TEST TRADING - Disclosed are systems and methods for placing and processing test orders and real orders. | 07-15-2010 |
20100179900 | TEST TRADING - Disclosed are systems and methods for placing and processing test orders and real orders. | 07-15-2010 |
20100179901 | SYSTEMS AND METHODS FOR PROCESSING AND TRANSMITTING TEST ORDERS - In various embodiments, test trading orders are generated, transmitted and ranked. | 07-15-2010 |
20100179902 | SYSTEMS AND METHODS FOR PERFORMING TWO-WAY ONE-TO-MANY AND MANY-TO-MANY AUCTIONS FOR FINANCIAL INSTRUMENTS - A switch engine module receive interest rate risk portfolios from a plurality of traders, and for each prospective trader, provides available switches based on positions in other counterparty portfolios that offset the viewing traders' positions. The offsetting positions are encoded with credit preference information in order to identify eligible trades based on both counterparties credit preferences. In particular, an embodiment provides for a switch auction whereby users can use an auction process to trade for forward rate agreement switches with other counterparties, for example, in a two-way or many-to-many auction. In the switch auction, the price is predetermined by the system prior to the auction so that parties can opt out of the transaction if desired. The credit preferences of the participating traders are taken in consideration in making matches. | 07-15-2010 |
20100179903 | SYSTEM AND METHOD FOR PURCHASING A FINANCIAL INSTRUMENT INDEXED TO ENTERTAINMENT REVENUE - A method for purchasing a securities bundle indexed to entertainment revenue comprises selecting a securities bundle offered by a special-purpose entity. The securities bundle comprises a first security and a second security and the securities bundle is associated with a closing date. The first security is associated with a first entertainment event and the second security is associated with a second entertainment event. The method continues by identifying a return value associated with the securities bundle, and by identifying a purchase price associated with the securities bundle. The method concludes by purchasing the selected securities bundle at least partially based on the purchase price and the return value. | 07-15-2010 |
20100185542 | SYSTEMS AND METHODS FOR PROVIDING ENHANCED VOLUME-WEIGHTED AVERGAE PRICE TRADING - Systems and methods for providing trading using an eVWAP price in an illiquid market are provided. In an illiquid market there may be little or no actual trades. During a trading period, the eVWAP price is therefore determined from not only trades, but also unmatched bids and offers. The eVWAP price is determined when new information becomes available or at a specified time interval. The final eVWAP price is determined when the sampling period ends. Once the final eVWAP price is determined, the value of the final eVWAP price is published for use as a price to settle a contract. | 07-22-2010 |
20100191637 | INTERPROGRAM COMMUNICATION USING MESSAGES RELATED TO GROUPS OF ORDERS - A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described. | 07-29-2010 |
20100191638 | MULTICOMPUTER DISTRIBUTED PROCESSING OF DATA RELATED TO AUTOMATION OF TRADING - A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described. | 07-29-2010 |
20100191639 | EXCHANGES FOR CREATING AND TRADING DERIVATIVE SECURITIES - A computer system ( | 07-29-2010 |
20100191640 | Automated Trading System for Routing and Matching Orders - An automated system for matching orders from a virtual trading crowd in an exchange configured for trading securities or derivatives is disclosed including an electronic trade engine operative to receive an order or a quote for a security or derivative at the exchange, the trade engine further operative to disseminate a request for a price message to a plurality of market makers quoting a class in response to receiving the order or the quote, an electronic book in communication with the electronic trade engine, the electronic book operative to store at least one order or quote received by the electronic trade engine, a database including an allocation algorithm, the database in communication with the electronic trade engine, and a trade processor in communication with the database, the trade processor operative to analyze and execute orders or quotes according to the allocation algorithm selected from the database. | 07-29-2010 |
20100191641 | SYSTEMS AND METHODS FOR USE OF FRACTIONAL PAY-UP TICKS IN RELATION TO TRADING STRATEGIES IN AN ELECTRONIC TRADING ENVIRONMENT - A system and associated methods are provided for use of fractional pay-up ticks in relation to offset orders being sent for a trading strategy that involves trading a first tradeable object and at least a second tradeable object. According to one example method, when an indication is received that a quantity at a first price for the first tradeable object is filled, a plurality of offset orders for the second tradeable object is sent to an electronic order book of the second tradeable object. The plurality of offset orders is placed at a plurality of price levels determined based on at least one fractional pay-up tick value, the first price, and the desired spread price. A quantity for each order is determined based on a quantity divider rule that is applied to an offset quantity to offset the fill. | 07-29-2010 |
20100191642 | System and Method for Dynamic Quantity Orders in an Electronic Trading Environment - A system and method for dynamic quantity orders in an electronic trading environment are described. According to one method, a dynamic quantity order includes a price, a desired order quantity and a percentage associated with an estimated order quantity that will be filled in an order queue. When the order is received at an electronic exchange, the order is sorted into a pro-rata order queue, and the exchange may estimate a potential order quantity that will be filled in the order queue at the price based on the defined percentage. Subsequently, the exchange may then increase the order quantity of the dynamic quantity order so that if the estimated number of fills occurs, the order quantity of the dynamic quantity order will be filled. | 07-29-2010 |
20100191643 | NETWORK AND METHOD FOR TRADING DERIVATIVES - A computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station in the network acts as a facilitator for the market makers and subscribers to make a trade at an Exchange. In another embodiment the network managing station consummates the trade between a market maker and a subscriber by matching binding quotes and orders and clears the trade at an Exchange. The computer network for electronically trading derivative comprises: (a) network managing station; (b) one or more market maker stations; (c) one or more subscriber stations; (d) one or more Exchanges. The network managing station connects market makers and subscribers for making real time indicative quotes, issuing requests for quotes, obtaining binding quotes and wherein the market maker and subscriber are in communication with an Exchange for sending binding quotes and orders to the Exchange for clearing and confirming transactions. | 07-29-2010 |
20100198715 | SYSTEM AND METHOD FOR KEYWORD-BASED TRADING - Embodiments of the present invention provide systems, methods and computer program products for trading keywords in an electronic market system. One embodiment of a method for trading keywords includes presenting one or more keywords and a corresponding first number of shares for the one or more keywords for trade in a market system. An order for trade of a second number of shares corresponding to a given one of the one or more keywords is received, wherein the order for trade comprises an order value for the second number of shares corresponding to a given one of the one or more keywords. A market value for the second number of shares corresponding to the given one of the one or more keywords is determined and the order for trade for the second number of shares is executed based upon the order value and the market value. | 08-05-2010 |
20100198716 | System and Method of Coordinating the Trading of Securities and Instruments with Disparate Communication Modalities - A method and system of networking various users trading securities such as short-term adjustable rate securities, longer term fixed income securities, and other instruments. A plurality of instances of trading software residing on one or more computers accessible by a plurality of users are connected to a centralized hub having at least one database. On the database are stored a plurality of user profiles, each of the profiles including at least messaging preferences of the respective users. Trading messages may be sent in a first format from a first sending user to the centralized hub. At the hub, at least one second recipient user of the trading message is determined. The sent message is then transmitted from the hub to the at least one second recipient user in accordance with the at least one second recipient user's user profile stored on the hub. | 08-05-2010 |
20100198717 | System and Method for Settling Trades - A method of settling trades includes the steps of obtaining an authenticated delivery instrument, wherein the authenticated delivery instrument is authenticated by a first exchange and may be used to settle a trade undertaken on the first exchange. An electronic proxy is issued for the delivery instrument, wherein the electronic proxy may be exchanged for the authenticated delivery instrument and where the electronic proxy is used to settle a trade undertaken on a second exchange. | 08-05-2010 |
20100198718 | FAILOVER SYSTEM AND METHOD - One aspect of the present invention provides a system for failover comprising at least one client selectively connectable to one of at least two interconnected servers via a network connection. In a normal state, one of the servers is designated a primary server when connected to the client and a remainder of the servers are designated as backup servers when not connected to the client. The at least one client is configured to send messages to the primary server. The servers are configured to process the messages using at least one service that is identical in each of the servers. The services are unaware of whether a server respective to the service is operating as the primary server or the backup server. The servers are further configured to maintain a library, or the like, that indicates whether a server is the primary server or a server is the backup server. The services within each server are to make external calls via its respective library. The library in the primary server is configured to complete the external calls and return results of the external calls to the service in the primary server and to forward results of the external calls to the service in the backup server. The library in the secondary server does not make external calls but simply forwards the results of the external calls, as received from the primary server, to the service in the secondary server when requested to do so by the service in the secondary server. | 08-05-2010 |
20100198719 | Systems and Methods for Executing Only At Best Trading Orders - Systems and methods of trading items on an electronic trading system according to the invention are provided. According to an embodiment, the electronic trading system processes a new order type that is an only at best order type, whereby trades are preferably only executed at the best price the item is being bought or sold. | 08-05-2010 |
20100198720 | METHOD AND SYSTEM FOR AUCTIONING ASSETS AND VALUING SAME - A method and system for conducting, managing and executing over a communication network, an auction of claims or assets to buyers having expressed interest in purchasing claims or assets is presented. The method includes placing an indication of the availability of at least one of said assets at a remote site, wherein said indication is accessible by each of said buyers over said network, notifying at least one buyer predeterminedly expressing interest in items contained within said claims or assets of the availability of said at least one claim or asset, determining a market value of said at least one claim or asset based on historical data of same or similar claims or assets, dynamically adjusting the market value, conducting an interactive bidding process, notifying one of the bidding buyers of acceptance of a corresponding bid when said bid satisfies predetermined criteria, and recording the accepted bid. | 08-05-2010 |
20100205080 | METHOD AND SYSTEM FOR CONDUCTING COMPUTER-ASSISTED TRANSACTIONS - A system and method may include a central security transaction-assisting machine receiving from at least a subset of a plurality of system participants initial orders to buy and sell a security; a processor of the machine matching at least a subset of the initial buy orders to at least a subset of the initial sell orders based at least on quantity; the processor forming an order block of at least a subset of the matched orders; responsive to a threshold volume of matching orders being reached, the central machine broadcasting a cross announcement to each of the plurality of participants, where the cross announcement indicates a beginning of a time window during which further matching orders to buy and sell quantities of the security are presentable for inclusion in the order block; and, at an end of the time window, executing the order block. | 08-12-2010 |
20100205081 | COMPUTERIZED TRADING SYSTEM - The present invention relates to computerised trading systems and associated methods, particularly those that implement trades in basis trading where the two instruments have different and non-universally agreed pricing mechanisms and metrics, such as futures crosses in the European derivative markets. The present invention allows traders to enter orders expressed in terms of their own metrics. These orders are then converted to be expressed according to a standardised metric such that comparisons may be made and orders matched. Once matching orders are identified, these orders can be reported back to the traders, expressed in terms of their own metrics. | 08-12-2010 |
20100205082 | INFORMATION PROCESSING SYSTEM ENABLING COUNTERMEASURE AGAINST GLOBAL WARMING TO BE DISSEMINATED MORE EXTENSIVELY - An information processing system according to the present invention comprises a plurality of measuring instruments; and a summary server connected to the plurality of measuring instruments via a network. Each of the measuring instruments comprises a detector measuring the amount of energy usage, and an instrument controller generating an individual data piece including information on the amount of energy usage or information on carbon dioxide emission. The summary server comprises a storage storing a reference amount of usage on each of individual data pieces, and a controller which, when the individual data piece is received from the measuring instrument, calculates the amount of carbon dioxide that has been reduced as a surplus value on the basis of both the amount of carbon dioxide emission or the amounts of emission of the received individual data pieces and the reference amounts of usage of the plurality of individual data pieces. | 08-12-2010 |
20100205083 | Radar Display of Trader Requirements - A system for providing an operator interface comprises a memory and a processor. The processor generates a radar display comprising trader requirements indicia that correspond to trader designated parameters. The processor receives market data and determines a probability of the market data satisfying a trader designated requirement. A market data circle corresponding to each trader parameter is displayed on the interface at a distance from the trader requirements indicia that indicates the probability. | 08-12-2010 |
20100205084 | Computer system and method for networked interchange of data and information for members of the real estate financial and related transactional services industry - An Interchange Party Computer System (“IPCS”) comprising: a plurality of units of allocated resources, configured for a lender party, broker party, transaction party and/or investor party, each unit of allocated resources including one or more administrator user interfaces that allow a participating party to manage its allocated resources and define which of its users and which other participating parties may access its allocated resources and use elements thereof, wherein at least one of the allocated resources include database allocated resources that are managed by the participating party assigned the resources, the allocated resources for the database being accessible and usable by a participating party on terms defined by the participating party responsible for managing the database allocated resources wherein at least one of the allocated resources include at one or more modules selected from the group of: a Rate and Loan Program Module that includes means to define loan programs or search defined loan programs in a database, an Automated Underwriting Module, a Mortgage Pools Module; a File Status and Transaction Party Module, which includes means to do two or more of: assign tasks, present task status, control viewing of task status, assign viewing privileges, monitor satisfaction of lender conditions, and upload loan documentation that are managed by the participating party assigned the resources; the allocated resources for the selected modules being accessible and usable by a participating party on terms defined by the participating party responsible for managing the selected modules allocated resources. | 08-12-2010 |
20100205085 | MLP Financing System - The MLP Financing System extends the properties of shares in a publicly traded entity that does not generate UBITs to create a new asset class that permits the underlying assets to be specifically structured for financing. MLP Financing System requires a minimum of three markets entering into transactions involving a company, a publicly traded entity, and a third entity in the financial industry. Each market establishes an asset value, price, yield, and risk. Asset price differentials between markets identify arbitrage opportunities. The market asset value, price, yield, risk, and financial constraints of entities operating in those markets provide the initial transaction specifications between company-MLP, financier-MLP, and company-financier. | 08-12-2010 |
20100205086 | ANONYMOUS BLOCK TRADE MATCHING SYSTEM - Disclosed is an anonymous block trade matching system which allows users that wish to cross large blocks of stock to submit orders, or indications of interest, with the option of utilizing market peg benchmarks or future price cross benchmarks. Orders submitted may be subject to minimum thresholds, including a threshold requiring that the order represent ‘X’ % of average daily volume. After submission of a firm order in the system, an alert is generated to provide the order data to other users with potential to cross the order. Visibility of order data by other users may be restricted based upon a data interaction group to which the ordering user or the other user belongs. The system may provide users viewing order data with a capability of negotiating with the submitting user via a restricted two-way messaging interface. Flat rate and rebate/fee cost models may be utilized as a means for charging a user for access to the system. | 08-12-2010 |
20100211494 | System and method for improved rating and modeling of asset backed securities - The present invention provides a computer-based system for evaluating risk in asset backed securities (ABS) comprising: a database containing data associated with an asset pool of an ABS; a computer having a processor for executing software and being adapted to establish a communication link with an external provider of electronic data and to receive a first data set associated with an asset pool of an ABS, the first data set including credit score data related to the asset pool; and a migratory pattern predictive model application executed by the processor and adapted to analyze at least a part of the first data set, including the credit score data, and to determine a rating concerning the relative risk associated with the ABS. | 08-19-2010 |
20100211495 | SYSTEMS, METHODS AND COMPUTER PROGRAM PRODUCTS FOR IMPROVING FOREIGN CURRENCY EXCHANGE IN A COMPREHENSIVE PAYMENT HUB SYSTEM - Systems, methods, and computer program products are provided for improving foreign currency exchange processing of financial payment requests and, more specifically improving the bid/ask spread in foreign currency exchange so as to increase the profitability realized by the financial institution processing the payment. In accordance with embodiments herein disclosed, international financial payment requests are pooled together based on currency type and payment time requirements to provide for better exchange rates. | 08-19-2010 |
20100211496 | SYSTEM AND METHOD FOR FACILITATING TRADING IN AN ELECTRONIC MARKET - A method and system for facilitating trading of financial instruments in a market are provided. The system comprises a server and an interface. The interface is configured to enable buy orders and sell orders to be entered. Each order has a price, a volume, and an entry time and relates to a respective futures contract. The server is configured to match received buy orders having a first price to received sell orders having the first price. The match is effected by ensuring that the prices match, and then using the volume and entry time for each buy order and each sell order to assign a weight of time relative to volume, and then using the weights to determine each match. The server uses the matches to complete respective trades. The weights may be adjusted based on market conditions. | 08-19-2010 |
20100211497 | Multiple Protocol Trading System - A multi-protocol trading system in which traders preferring different trading protocols may coexist within the same system, and access the same liquidity pool, while maintaining their trading rule preferences. The system supports two protocol preferences: a workup preference and a FIFO preference, and includes a single integrated order book that stores orders received from both workup and FIFO traders. Received orders are matched against orders in the order book in accordance with a FIFO and/or workup protocol, as a function of preferences selected by the traders and/or the system operator. Alternatively, the system includes a pair of order books, a workup order book and a FIFO order book. Customers submit linked orders having a workup leg and a FIFO leg which may be matched against the workup and/or FIFO order books, as a function of preferences selected by the traders and/or the system operator. | 08-19-2010 |
20100217702 | Electronic System for Coordinating Contracts Relating to Property - A system, method and apparatus using devices connected to an electronic network to enable users to locate other users for the purpose of entering into option contracts for the purchase and sale of goods and other property, and to coordinate secured lending transactions. | 08-26-2010 |
20100217703 | System and Method for Smart Hedging in an Electronic Trading Environment - A system and associated methods are provided for smart hedging in an electronic trading environment. According to one example method, a first order for a first tradeable object and a second order for a second tradeable object are placed based on a spread strategy. Upon receiving an indication that a quantity of the first order is filled, the method involves determining if the second order can be used to offset the quantity filled of the first order by determining if a price of the second order would result in achieving a desired spread price defined for the spread strategy. If the price results in the desired price, the second order is used to offset the quantity filled for the first order in an attempt to achieve the desired spread price. Other tools are provided as well. | 08-26-2010 |
20100223175 | METHOD AND SYSTEM FOR STANDARDIZING BILATERALLY-NEGOTIATED DERIVATIVE POSITIONS - A method of converting a portfolio of non-standard credit default swap (CDS) trades standardized CDS trades. The method includes receiving electronically multiple non-standard CDS trades. Each of the multiple non-standard CDS trades includes at least an initial notional amount and an initial coupon rate. The method further includes converting each of the multiple non-standard CDS trades into two standardized CDS trades. The two standardized CDS trades include a first standardized CDS trade at a first coupon rate of 100 basis points (bps) and a second standardized CDS trade at a second coupon rate of 500 bps. The method further includes determining a first notional amount for the first standardized CDS trade and a second notional amount for the second standardized CDS trade such that a sum of the first notional amount and the second notional amount is equal to the initial notional amount, and a sum of the first notional amount multiplied by the first coupon rate and the second notional amount multiplied by the second coupon rate is equal to the initial notional amount multiplied by the initial coupon rate. | 09-02-2010 |
20100223176 | METHOD AND SYSTEM FOR PROVIDING AN AUTOMATED AUCTION FOR INTERNALIZATION AND COMPLEX ORDERS IN A HYBRID TRADING SYSTEM - A method of providing an automated auction for internalization for the purchase or sale of securities or derivatives in an exchange is disclosed. The method may include receiving an order at an electronic trade engine, disseminating a request for price message to at least one user in response to receiving the order, receiving a one-sided response message representative of a participant-type in response to the request for price message, selecting an allocation algorithm from a plurality of allocation algorithms, initiating the selected allocation algorithm and allocating the order according to the participant-type upon termination of the selected auction. The system may include an electronic trading engine configured to disseminate an auction message in response to an order, a database of allocation algorithms, and a trade processor for initiating an auction according the one of the allocation algorithms and terminating the auction upon defined early termination events. | 09-02-2010 |
20100223177 | METHOD, SYSTEM AND FINANCIAL PRODUCT FOR TRANSFERRING SHARES THROUGH A PRIMARY ISSUER MARKET - A system, method and financial product for raising capital by selling the securities especially shares of equity of a company and/or entity that is privately or publicly traded in a primary issuance market between registered issuers and registered investors. | 09-02-2010 |
20100223178 | AUTHORIZATION AND CAPTURE WITH MULTIPLE CURRENCIES - Techniques are presented for authorization and capture with multiple funding sources and currencies. A transaction amount associated with a target currency is authorized from one or more funding sources, where at least one of the one or more funding sources includes funds associated with a different currency from the target currency. The funds from the different currency are calculated at authorization to cover the transaction amount and converted at settlement or capture to determine if the transaction amount is still covered at capture. | 09-02-2010 |
20100228661 | METHOD AND APPARATUS FOR EXCHANGE-BASED CONDITION PROCESSING - Various embodiments of exchanges are described. Methods and other embodiments are also described. | 09-09-2010 |
20100228662 | Flexible System and Method for Electronic Trading - System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein. | 09-09-2010 |
20100228663 | MORTGAGE-BACKED SECURITY HEDGING SYSTEMS AND METHODS - A computer assisted method of developing a hedge position for a mortgage-backed security. The method includes calculating a duration of the security based on price histories of the security and changes in yield of a benchmark security and expressing periodic changes in price of the security. The method also includes calculating a relative coupon of the security and calculating a current coupon yield of the mortgage sector. The method further includes calculating an empirical duration of the security, calculating a hedge ratio for the security, and outputting a hedge position for the security based on the hedge ratio. | 09-09-2010 |
20100235272 | ROSCA-RISK MANAGEMENT SYSTEM AND METHOD THEREOF - The present invention provides a Rosca-risk management system and a method thereof. The Rosca-risk management method conducts risk management on a Rosca group by using a processing apparatus. The processing apparatus is connected with a client through a network. The processing apparatus executes the following steps: determining a risk management term No. of the Rosca group according to a Rosca condition and a risk tolerance level of the Rosca group; determining, via the client, that a current bidding term No. of a member is not earlier than the risk management term No.; and allowing the member to enter into a bidding procedure of the Rosca group via the client. | 09-16-2010 |
20100235273 | USER INTERFACE FOR AN ELECTRONIC TRADING SYSTEM - A user interface for an electronic trading exchange is provided which allows a remote trader to view in real time bid orders, offer orders, and trades for an item, and optionally one or more sources of contextual data. Individual traders place orders on remote client terminals, and this information is routed to a transaction server. The transaction server receives order information from the remote terminals, matches a bid for an item to an offer for an item responsive to the bid corresponding with the offer, and communicates outstanding bid and offer information, and additional information (such as trades and contextual data) back to the client terminals. Each client terminal displays all of the outstanding bids and offers for an item, allowing the trader to view trends in orders for an item. A priority view is provided in which orders are displayed as tokens at locations corresponding to the values of the orders. The size of the tokens reflects the quantity of the orders. An alternate view positions order icons at a location which reflects the value and quantity of the order. Additionally, contextual data for the item is also displayed to allow the trader to consider as much information as possible while making transaction decisions. A pit panel view is also provided in which traders connected to the pit are represented by icons, and are displayed corresponding to an activity level of the trader. | 09-16-2010 |
20100241549 | TECHNIQUE FOR AGGREGATING AN ENERGY SERVICE - Embodiments of a system, a method, and a computer-program product (e.g., software) for aggregating an energy service from a number of participants for use by a power-system operator is described. This aggregation may be performed by an aggregator, which is between the participants and the power-system operator. In particular, the aggregator may use an embedded economic mechanism to calculate a price that matches supply (or cutback) of power and/or load from the participants with a desired supply of the power-system operator. Because the aggregator typically does not know the participants' exact propensity to respond as a function of price (supply function), the aggregator calculates the purchase price using one or more iterations in which an initial probe price is provided to the participants, and the participants respond with supply-function approximations that are valid in proximity to the current probe price. | 09-23-2010 |
20100241550 | INTERPROGRAM COMMUNICATION USING MESSAGES RELATED TO EVENTS AND ACTIONS ON AN EXCHANGE - Various embodiments of exchanges are described. Methods and other embodiments are also described. | 09-23-2010 |
20100241551 | System and method of implementing massive early terminations of long term financial contracts - A method of and system for terminating or assigning outstanding OTC derivative transactions between a plurality of financial institutions (banks). The system comprises: a processing station arranged to receive transaction data describing a plurality of transactions from a plurality of banks via the Internet. The processing station comprises: a linking module for linking different versions of the same transaction received from different parties to that transaction; an analysis module for determining a set of linked transactions between a plurality of different banks, wherein each bank has debts and claims towards other banks in the set; a calculation module arranged to calculate an aggregated value of each set of linked transactions and select the set of linked transactions which has an aggregated value within bank-specified tolerance limits acceptable for executing a termination; and an execution module for executing a termination or assignment of the selected set of linked transactions. | 09-23-2010 |
20100241552 | Techniques for dynamically managing trading positions - Techniques to manage a position in a securities transaction. At least one embodiment pertains to adjust purchase and selling prices, as well as at least one target profit value to liquidate a plurality of positions dynamically and automatically. | 09-23-2010 |
20100241553 | Method for Calculating an Index - A system and method for calculating an index relating to the trading of diamonds conforming to a particular profile, that thus makes diamonds amenable for derivative trading via futures contracts or the like. | 09-23-2010 |
20100241554 | METHOD AND SYSTEM FOR PRICING FINANCIAL DERIVATIVES - A method for providing a bid price and/or an offer price of an option relating to an underlying asset, the method including the steps of receiving first input data corresponding to a plurality of parameters defining the option, receiving second input data corresponding to a plurality of current market conditions relating to the underlying value, computing a corrected theoretical value (CTV) of the option based on the first and second input data, computing a bid/offer spread of the option based on the first and input data, computing a bid price and/or an offer price of the option based on the corrected TV and the bid/offer spread, and providing an output corresponding to the bid price and/or the offer price of said option. | 09-23-2010 |
20100241555 | PRICE IMPROVEMENT IN ELECTRONIC TRADING SYSTEM - Price improvement in credit screened trading systems is achieved by entering a maximum price improvement (MPI) amount with a maker quote. The system prepares separate quote queues for each trading floor including only quotes where bilateral credit exists. Quotes are arranged using Price, MPI, time priority. When a quote is dealt, a dealable price improvement is calculated as the amount of the MPI required to improve the dealt quote's position in the queue. | 09-23-2010 |
20100250423 | System and Method for a Risk Check - Various systems and methods are described herein for a risk check. The risk check bases a decision to allow a trading strategy to proceed on whether the order quantity for each leg of the trading strategy satisfies a certain condition. Particularly, when a trading strategy is initiated, the quantity for each of the orders to be submitted on behalf of the trading strategy, including the quantity of the initial order and any subsequent orders, is then compared to a corresponding risk value. If the order quantity for each of the orders is less than the corresponding risk value, then the trading strategy can proceed and the initial order can be sent on to the exchange. However, if the order quantity for any of the orders exceeds the risk value, then the initial order is not sent to the electronic exchange. Additionally, as described herein, quantity associated with the trading strategy is held or reserved for execution of the trading strategy regardless of the activity taken by the trader since the trading strategy was initiated. The reserved quantity can be drawn from the trading strategy until the quantity is depleted, the trading strategy has ended, or both, for example. | 09-30-2010 |
20100250424 | Method and System combining a Social Network Service with an Alternative Trading System and Electronic Communication Network to produce entertainment media - A Method and System combining a Social Network Service with an Alternative Trading System and Electronic Communications Network to produce entertainment media. The application can be used in a myriad of ways, from a social point of view and a financial one, to assist in the creation of the independent producer's art. | 09-30-2010 |
20100250425 | TRADING SYSTEM WITH PRICE IMPROVEMENT - A computer trading system has price improvement features. | 09-30-2010 |
20100250426 | SYSTEMS, METHODS AND MACHINE-READABLE MEDIUMS FOR SUBMITTING ELECTRONIC LOAN APPLICATIONS TO A LENDING INSTITUTION WITH REAL-TIME COMMERCIAL AND FINANCIAL DATA - Systems, methods and machine-readable mediums for processing electronic loan applications to match with one or more lending institutions. The systems may include a storage device and a processor. The storage device may store commercial and financial data for a plurality of businesses and selection criteria data for a plurality of lending institutions. The processor may be configured to receive a loan application from the at least one of the plurality of businesses, generate a report on a financial condition of at least one of the plurality of businesses based on the financial data and the commercial data, apply the selection criteria data to filter the at least one of the plurality of businesses based on its financial condition and to automatically select one or more lending institutions from the plurality of lending institutions, and transmit the report and the loan application to a lending institution terminal for each of the selected lending institutions. The computer readable mediums provide instructions to cause the processor to perform the operations above. | 09-30-2010 |
20100250427 | MANAGING SALES OF SECURITIES AND FINANCIAL DATA - A computer program stored on a computer readable recording medium usable for the sale of securities. The computer program facilitating the transfer of documentation between a shareholder, a broker, a transfer agent, the company and legal review. The computer program providing remote access to centralized data provided by each of the participants in the sale to promote the speed of the sale and guarantee the regulatory propriety. | 09-30-2010 |
20100250428 | METHODS AND SYSTEMS FOR PLACING, TRANSMITTING, AND RANKING TRADING ORDERS - In various embodiments, real and test trading orders are processed and results are transmitted back to the entities originating the orders. | 09-30-2010 |
20100250429 | ELECTRONIC SECURITIES MARKETPLACE HAVING INTEGRATION WITH ORDER MANAGEMENT SYSTEMS - An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities. | 09-30-2010 |
20100262527 | COMMODITY BROKERING SYSTEM FOR MATCHING BUYERS AND SELLERS AND ASSOCIATED METHODS - A method for establishing a connection between a buyer and a seller of a commodity gathering buyer demographic data and purchase criteria and querying a database containing sellers' data. The query method includes using the buyer's criteria set as a filter, and creating a data set including at least one potential seller having a commodity matching at least some of the buyer's criteria set. The software then transmits to at least one of the sellers in the data set at least some of the buyer's demographic data and criteria set, affording that set of sellers the opportunity to contact the buyer directly and make an offer of the seller's commodity. In some cases, negotiations can be entered into in order to reach an optimal result for the buyer and the seller. If successful, a purchase can be completed between the buyer and at least one of the sellers. | 10-14-2010 |
20100262528 | COMPOSITE TRADING ORDER PROCESSING - A system for processing a composite trading order comprises a memory operable to store market data received from one or more market centers. The system further comprises a processor operable to generate a composite value based at least in part on the market data. The processor is further operable to receive a composite trading order associated with at least a portion of the composite value. The processor is further operable to generate a plurality of constituent trading orders that, when filled, combine to satisfy the composite trading order. | 10-14-2010 |
20100262529 | Arbitrage of Tracking Securities - A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated. | 10-14-2010 |
20100262530 | INTELLECTUAL PROPERTY TRADING EXCHANGE - A computerized intellectual property trading exchange is disclosed for facilitating the trading of license contracts relating to intellectual property rights or pools of intellectual property rights. The exchange includes at least one intellectual property license contract relating to intellectual property rights or pools of intellectual property rights and a computer-accessible forum configured to allow a plurality of participants to trade the license contract. The plurality of participants includes at least one seller, which may be the owner, having the license contract and desiring to trade the license contract. The plurality of participants also includes at least one buyer desiring to obtain the license contract. The buyer may be an investor, speculator, market maker, or arbitrageur, who purchases the license contract to achieve appreciation. The buyer also may be a licensee, who purchases the license contract to practice the intellectual property rights. | 10-14-2010 |
20100262531 | Market Indicator Process and Method - A market indicator process, residing on a server, predicts an opening index price of a security index including at least two discrete securities. A trade monitoring process monitors at least a portion of the trading of the discrete securities that occur outside of a regular trading session. A closing price variation calculation process, responsive to the trade monitoring process, calculates the predicated opening index price of the security index for the beginning of the next regular trading session with respect to a closing index price of the security index at the end of the previous regular trading session. The index prices are indicative of the cumulative value of the discrete securities. | 10-14-2010 |
20100262532 | Predicting a Future Price Range for a Desired Volume - The present invention provides methods and apparatus, including computer program products, to predict a future price range for a desired volume of a traded item. This includes determining a price range based on a set of historical transactions having a comparison volume corresponding to the desired volume of the traded item. It may also include selecting transactions from historical transaction data to generate the set of historical transactions. It may also include selecting historical transactions such that the set of historical transactions has a total volume substantially equal to the comparison volume. It may also include selecting historical transactions such that the set of historical transactions has a total volume greater than the comparison volume and selectively removing one or more historical transactions from the set of historical transactions until the set of historical transactions has a total volume substantially equal to the comparison volume. | 10-14-2010 |
20100262533 | SYSTEM AND METHOD FOR FORMING A FINANCIAL INSTRUMENT INDEXED TO ENTERTAINMENT REVENUE - A method for forming a securities bundle indexed to entertainment revenue includes determining a first funding amount for a first entertainment event. A second funding amount is determined for a second entertainment event. Next, a dividend schedule is determined for the first and second entertainment events. A securities bundle is formed at least partially based on the funding amounts and the dividend schedule, with the securities bundle comprising a first security and a second security. The first security is associated with the first entertainment event and the second security is associated with the second entertainment event. | 10-14-2010 |
20100268631 | Structure and mechanism for REIT preferred securities - The real estate investment trust (“REIT”) structure and mechanism manages earnings distributions from the REIT to maintain REIT status. The REIT issues common stock to a bank affiliated parent (“holder”) in exchange for real estate related assets. The holder covenants to consent to consent dividends, under which the holder covenants to pay taxes on a consent dividend amount while the REIT deducts the consent dividend amount and retains the amount for each dividend period. The REIT also issues preferred securities to investors. At each dividend period, the REIT can declare cash dividends to preferred investors and/or declare consent dividends such that the REIT distributes at least a regulatory percentage of its annual income to preferred and common stockholders in order to maintain REIT status. The REIT is thus adequately capitalized, maintains status as a REIT, and receives stronger agency ratings, with regard to equity content, for the preferred securities. | 10-21-2010 |
20100268632 | METHOD AND SYSTEM FOR PROVIDING MULTI-MARKET ELECTRONIC TRADING WITH CLOUD COMPUTING - A method and system for providing multi-market electronic trading with cloud computing. Electronic trading is provided via cloud computing network using public networks, private networks, community networks and hybrid networks. The cloud computing network provides on-demand self-service, broad network access, resource pooling, rapid elasticity and measured trading services for electronic trading. The method and system dramatically improve a trading infrastructure used by electronic traders by providing electronic trading using less bandwidth and less processing cycles via the cloud computing network than via a non-cloud computing network. | 10-21-2010 |
20100268633 | METHOD AND SYSTEM FOR PROVIDING ELECTRONIC OPTION TRADING BANDWIDTH REDUCTION AND ELECTRONIC OPTION RISK MANAGEMENT AND ASSESSMENT FOR MULTI-MARKET ELECTRONIC TRADING - A method and system for providing electronic option trading bandwidth reduction and risk management and assessment for multi-market electronic trading. Data streams including electronic option trading information are split into plural individual data streams by a server network device and/or one or more network interface cards (NICs). The individual data streams are made available to target network devices using less network bandwidth and fewer processing cycles that would be required to process the whole data including the electronic option trading information. The option trading risk assessment and management information includes an “integrated viewpoint” that aggregates an option trader's activities across all their electronic option trading accounts, their current and historical option trades and option trade locations on all option trading exchanges. | 10-21-2010 |
20100268634 | METHOD AND SYSTEM FOR ELECTRONIC TRADING VIA A YIELD CURVE - A method and system for providing automatic electronic trading via yield curves. The method and system allow automatic execution of electronic trades with yield curve trading strategies and yield curve trading indicators that that have reached a pre-determined yield curve trading limits. The yield curve trading values that have reached the pre-determined yield curve trading limits are also displayed visually in a graphical three-dimensional (3D) format to provide additional visual indicators on a graphical user interface used for electronic trading via yield curves. | 10-21-2010 |
20100268635 | CREDIT INDEX, A SYSTEM AND METHOD FOR STRUCTURING A CREDIT INDEX, AND A SYSTEM AND METHOD FOR OPERATING A CREDIT INDEX - The present invention relates to a credit index, a system and method for structuring a credit index, a system and method for operating a credit index, and a system and method for determining the liquidity of a credit. | 10-21-2010 |
20100268636 | DEAL MATCHING IN AN ANONYMOUS TRADING SYSTEM - An anonymous trading system comprises an interconnected network of broking noted arranged in cliques which receive buy and sell orders from trader terminals via connected trading engines and which match persistent orders, executed deals and distribute price information to trader terminals. Where two orders are matched, a proposed deal message is sent by the matching broker. If another broker has processed an event which makes the matched quote unavailable the match fails and rematch may occur. Rematch may be attempted by an intermediate broker provided it owns one side of the match, or it received both sides of the match from brokers in different cliques. The intermediate broker attempts to match with the next available quote in the queue. | 10-21-2010 |
20100268637 | SYSTEM AND METHOD FOR FACILITATING TRADING OF MULTIPLE TRADEABLE OBJECTS IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for trading multiple tradeable objects. One example method includes displaying at least one combined quantity indicator representing a combined quantity associated with at least two tradeable objects, detecting an input associated with an order for a predetermined order quantity in relation to one of the combined quantity indicators, and allocating the order quantity between the at least two tradeable objects using at least one quantity allocation rule. In one example embodiment, a plurality of quantity allocation rules can be user-configurable, and different rules can be defined and applied in relation to different order types. | 10-21-2010 |
20100268638 | LINKED DISPLAYED MARKET AND MIDPOINT MATCHING SYSTEM - An automated system for matching orders to buy and sell securities including a displayed market where orders are executed at a BBO price and where information about the market is made available to investors and a midpoint matching market for matching buy and sell orders at a predetermined price, namely, the midpoint between the national best bid and offer. The displayed market and the midpoint matching market are linked so that orders submitted to the displayed market are exposed to the midpoint matching market and can be executed at an improved price if a contra order is available on the midpoint matching market. | 10-21-2010 |
20100274702 | Console, System and Method for Providing an Interface to a Financial Market Trading System or to a Financial Market Based Gaming System - The present invention is a console, system and method for providing an interface to a financial market trading system or to a financial market based gaming system. The invention enables the trader to trade on financial markets using an interface simulating known and popular games from the world of sports, arcade, games of chance, strategic games and the like. | 10-28-2010 |
20100274703 | COMPUTER SYSTEM ARCHITECTURE AND COMPUTER IMPLEMENTED METHODS FOR DOMESTIC AND INTERNATIONAL ENHANCED CUSTODY AND PRINCIPAL LENDING OF SECURITIES - A computer system executes a principal lending transaction to lend international securities from lending accounts of a global entity to borrowing accounts of the entity, in which the entity acts as a principal. The system includes a computer database storing securities availability information indicating availability of the international securities available for borrowing from lending accounts of the global entity, and a computer server system implemented by a principal lending computer system. The principal lending computer system configured to receive a short sale indication of a security for a borrowing account, electronically generate a transfer instruction to a custody-control computer system to transfer custody of the international shorted security from at least one lending account to the borrowing account of the same global entity as the global entity of the at least one lending account, electronically transmit the transfer instruction, and electronically transmit a second transfer instruction to the custody-control computer system to transfer custody of the shorted security from the principal to the borrowing account. A computer implemented method and various alternative embodiments are also disclosed. | 10-28-2010 |
20100274704 | TRANSACTION MANAGEMENT DEVICE AND READABLE STORAGE MEDIUM - A transaction management device can executed, with a simple procedure, a plurality of if-done orders in parallel and can reduce the risk of the client. In the transaction management device, an order receiving unit receives buy and sell order application information from client terminals. An order information generation unit generates a plurality of order information groups for each of the items of the buy and sell order application information received by the order receiving unit, the order information groups each including: a first order for placing one of a buy order or a sell order at a first order price; a second order for placing the other one of the buy or the sell order at a second order price; and a stop order for placing the other one of the buy order or the sell order at the stop order price. The first order price, the second order price, and the stop order price are set to different values for each of the order information groups. A storage unit stores the order information groups generated in the order information generation unit. An execution information generation unit, when starting transaction processing corresponding to each of the order information groups, sets the first order to be valid, the second order to be invalid, and the stop order to be invalid. | 10-28-2010 |
20100274705 | System and Method for Providing Market Updates in an Electronic Trading Environment - A system and method are provided for modifying how market updates are provided in an electronic trading environment upon detecting one or more triggering events. One example method includes defining an event to be used to trigger modification of how market updates are provided to a client entity, receiving a market update from an electronic exchange, and, when the event is detected, modifying how the market update is provided to the client entity. As an example, the modification of how the market update is provided to the client entity may include providing less data in relation to market updates, and sending the market updates less frequently. | 10-28-2010 |
20100274706 | System and Method for Displaying Order Information in Relation to a Derivative of Price - Market data, such as order information, is displayed in relation to a derivative of price. A derivative of price refers to anything that bears some relationship to price, examples of which, include net change, yield, profit and loss, volatility, momentum indicators, and more. According to various aspects of the preferred embodiments, market data is received from one or more electronic exchanges and a value axis is generated based on a user's preferences. Then, market data can be displayed in relation to the value axis to provide a user interface that allows a trader to view the market from a more desirable perspective. | 10-28-2010 |
20100274707 | ONLINE TRADING SYSTEM HAVING REAL-TIME ACCOUNT OPENING - In one embodiment, the online trading system having a real-time account opening process comprises one or more computers coupled to a network. The computers maintain a brokerage account database, and service web page requests received over the network. The web pages are preferably configured to implement a real-time account opening (RTAO) process that establishes new brokerage accounts in the account database. The RTAO process may include (a) obtaining contact information; (b) creating a new record in the brokerage account database for the contact information; (c) obtaining brokerage account application information; (d) updating the new record with the application information; (e) displaying a brokerage account contract; and (f) securing online agreement to said brokerage account contract. The process preferably also includes obtaining funding information to automatically initiate a transfer of funds to the brokerage account. | 10-28-2010 |
20100280936 | SYSTEM AND METHOD FOR PROCESSING AND SETTLING PAYMENT INSTRUCTIONS RELATING TO VARIOUS FINANCIAL INSTRUMETS - A system for facilitating settlement of payments relating to transactions involving financial instruments among multiple participants is provided. An interface receives from participants first and second instructions associated with a financial instrument of a first form, and first and second instructions associated with a financial instrument of a second form. A first processor establishes an association between, and applies a first set of pre-settlement rules to, the first and second instructions associated with the financial instrument of the first form. A second processor establishes an association between, and applies a second set of pre-settlement rules to, the first and second instructions associated with the financial instrument of the second form. | 11-04-2010 |
20100280937 | METHOD AND SYSTEM FOR CREATING AND TRADING MORTGAGE-BACKED SECURITY PRODUCTS - A computer-implemented method of creating a derivative investment instrument on an exchange having processor-based equipment is disclosed. The method includes receiving a default rate from a mortgage issuer, the default rate corresponding to a collection of mortgage-backed securities associated with at least one mortgage of the mortgage issuer; associating a risk value with the default rate; creating the derivative investment instrument having a monetary value related to the risk value; and providing, with the processor-based equipment, the derivative investment instrument for trading on an exchange. The method may be stored in a computer-readable memory accessible by the processor-based equipment. | 11-04-2010 |
20100280938 | System and Method for Money Management in Electronic Trading Environment - A system and method for money management in an electronic trading environment are presented. According to one embodiment, a trader may configure a plurality of filters, each including at least one filter criteria and filter condition. When a money management module detects a new order, the money management module intercepts the order and determines if the order matches one or more predefined filters. If the order matches one or more filters then conditions associated with the applicable filter(s) are applied to the order. The application of one or more conditions to an order may result in sending a modified order, preventing the order from reaching the exchange, or sending order to the exchange without any modifications. | 11-04-2010 |
20100280939 | FINANCIAL DATA PROCESSING SYSTEM - A method of processing financial articles of trade is provided. The method includes collecting real time data from a plurality of liquidity destinations in trading at least one of securities, commodities, options, futures and derivatives, the real time data including information on submitted transactions of financial articles of trade. The real time data collected from the plurality of liquidity destinations is aggregated. The real time data is streamed in a standardized form. User criteria are established to identify relevant portions of the streamed real time data. The streamed real time data is analyzed according to the user criteria. The analyzed real time data is consolidated into a computer data base. | 11-04-2010 |
20100287087 | APPARATUS AND METHODS FOR EXCHANGING PRODUCTS AT CALCULATED RATE - Methods and systems are provided herewith for determining prices and executing trades among a plurality of users of an electronic trading system. The users may transmit to a processor a plurality of bid-offer pairs. Each bid-offer pair may comprise an estimate of a fair bid price and an estimate of a fair offer price for exchanging between a first and a second currency. The processor may determine from the bid-offer pairs a qualifying set of overlapping bid-offer pairs. The processor may determine an exchange rate for exchanging between the first currency and the second currency based on the qualifying set of overlapping bid-offer pairs. The processor may match user orders to exchange between the first and second currencies and execute those orders at the exchange rate. | 11-11-2010 |
20100287088 | MARKET PARTICIPANT ISSUE SELECTION SYSTEM AND METHOD - A system and method of allocating rights for quoting issues on a trading facility such as an exchange is described. The method may include providing market participants such as remote market makers with a listing of issues available for remote quote streaming where the available issues are ranked according to predetermined trading parameters. A market participant requests allocations of rights to certain issues and the request is filtered according to a value associated with the ranking of the selected issues. The system includes an issue selection database having a listing of issues available for trading where each issue is ranked based on a trading parameter. An issue selection communication module communicates with the issue selection database and is configured to list available issues and rankings. An issue allocation filter receives a market participant request and compares the selected issues in that request to one or more exchange-based rules. | 11-11-2010 |
20100287089 | METHOD, APPARATUS AND INTERFACE FOR TRANSACTION TOGGLING - A method for submitting transactions from an automated trading tool to an electronic exchange. The method includes defining a proximity limit and automatically generating a transaction for a tradeable object. The method further includes applying the proximity limit to the transaction. When the transaction falls within the defined proximity limit, the transaction is submitted to the exchange. An apparatus and interface for transaction toggling based on proximity limits are also provided. | 11-11-2010 |
20100287090 | PROVIDING TRADING EXCLUSIVITY/PRIORITY BASED ON QUANTITY - Systems and methods for providing trading exclusivity/priority in response to quantity of items traded in electronic trading systems is provided. The method preferably includes receiving an incoming order for the item and determining whether the incoming order matches a current order for the item and satisfies a minimum volume requirement. When the incoming order matches a current order for the item and satisfies a minimum volume requirement, the method includes transacting a trade between the incoming order and the current order and providing a predetermined time period of exclusive trading between a participant associated with the incoming order and a participant associated with the current order. | 11-11-2010 |
20100287091 | Method and System for Effecting Straight-Through-Processing of Trades of Various Financial Instruments - A Straight-Through-Processing (STP) trading platform provides a fully electronic and seamless solution to all substantially aspects of the trading cycle for fixed income instruments and other financial instruments. In an exemplary embodiment, all participants to a trade transaction have access to computer software that facilitates trade order management, trade order generation, trade execution (including electronic axes), trade allocation, allocation acknowledgement, trade confirmation, and finally acquisition of settlement instructions. In said exemplary embodiment, the STP trading platform includes computer software modules including at least an account management module and an electronic trading module to handle the various stages of executing a trade, confirming the trade, and facilitating settlement of the trade. | 11-11-2010 |
20100293084 | System and method for creating and supplying particular data constructs, and methods for using such data constructs in evaluating whether to buy or sell a traded security - A system and method for transforming raw trading data for a traded security so as to create new financial data constructs, which constructs can further be used in traditional methods and using other methods disclosed herein to better evaluate whether to buy or sell a traded security. Various trading methods, using the new data constructs, are further disclosed. New financial data constructs, including particularly Real Buying Pressure (RBP) and Real Selling Pressure (RSP), are further disclosed. | 11-18-2010 |
20100293085 | ANONYMOUS BLOCK TRADE MATCHING SYSTEM - Disclosed is an anonymous block trade matching system which allows users that wish to cross large blocks of stock to submit orders, or indications of interest, with the option of utilizing market peg benchmarks or future price cross benchmarks. Orders submitted may be subject to minimum thresholds, including a threshold requiring that the order represent ‘X’ % of average daily volume. After submission of a firm order in the system, an alert is generated to provide the order data to other users with potential to cross the order. Visibility of order data by other users may be restricted based upon a data interaction group to which the ordering user or the other user belongs. The system may provide users viewing order data with a capability of negotiating with the submitting user via a restricted two-way messaging interface. Flat rate and rebate/fee cost models may be utilized as a means for charging a user for access to the system. | 11-18-2010 |
20100293086 | System And Method For Calculating And Displaying Volume To Identify Buying And Selling In An Electronic Trading Environment - A system and method are provided for calculating and displaying volume to identify aggressive buying or selling activity. In a preferred embodiment, market information such as the inside market, last traded price, and last traded quantity is received from the electronic exchange and is used to assist a trader in determining the initiative side of a trade, either bid side or ask side. Once a determination is made, the result may be used to assist a trader analyzing the market volume. Other features and advantages are described herein. | 11-18-2010 |
20100293087 | System and Method of Utilizing a Distributed Order Book in an Electronic Trade Match Engine - Methods and systems are providing for minimizing the effects of transmission delays when providing orders for financial instruments. A plurality of order books and match engines may be maintained at geographically dispersed locations. The orders may be synchronized to provide the appearance of a single order book to traders and other users. The plurality of order books and match engines allow traders and other users to transmit orders to the match engine associated with the shortest transmission delay and to access orders pending at other match engines. | 11-18-2010 |
20100293088 | System and Method for Management and Analysis of Electronic Trade Orders - A system and methods are provided for using order descriptor identifiers in relation to orders being used in trading strategies. According to one example method, when a hedge order is submitted upon detecting a fill of another order, the hedge order includes one or more order descriptor identifiers conveying a purpose of the hedge order to a user. The order descriptor identifiers can be used to search for desired orders and perform more effective order management and post trade analysis. | 11-18-2010 |
20100299237 | SYSTEM AND METHOD FOR DEFEASEMENT OF FUTURE OBLIGATIONS - The disclosed technology provides systems and methods that process and manage education savings plans involving participating institutions, institution trusts, and purchasers. The disclosed technology can communicate with participating institutions to obtain prices for qualified educational services. The disclosed technology can communicate a sale of a fraction (or more) of an educational unit to a purchaser, where the sale price is based on the price for qualified educational services at a particular participating institution. Each educational unit corresponds to a right to receive qualified educational services. The disclosed technology can communicate an instruction to the particular participating institution to transfer a number of cancelable interests to a corresponding institution trust, where the number of cancelable interests corresponds to the number of educational units in the sale. The cancelable interests correspond to an obligation to provide qualified educational services at the particular participating institution. The disclosed technology can store the above information in a database. | 11-25-2010 |
20100299238 | Method for valuing forwards futures and options on real estate - A system and method for matching buy and sell orders is provided. A daily cash index of real estate values for a local region is maintained based on real estate transactions and/or real estate transactional activity, and a trading instrument representative of an interest in real estate in the local region is created. In this regard, a cash settlement of the trading instrument is a function of the daily cash index on the date of said cash settlement. In addition, a plurality of buy orders relating to the instrument are generated; a plurality of sell orders relating to the instrument are generated; and the buy and sell orders are matched to determine a purchase and sale of the instrument. | 11-25-2010 |
20100299239 | SYSTEMS FOR RISK PORTFOLIO MANAGEMENT - A switch engine module enables anonymous switches between a first trader and a plurality of second traders. The switch engine module receives interest rate risk portfolios from a plurality of traders, and for each prospective trader, provides available switches based on positions in other counterparty portfolios that offset the viewing traders' positions. The offsetting positions are encoded with credit preference information in order to identify eligible trades based on both counterparties credit preferences. The credit preferences of the participating traders can be taken in consideration in making switches. | 11-25-2010 |
20100299240 | SYSTEMS AND METHODS FOR PROVIDING A PERSONALIZED EXCHANGE MARKET - The present invention relates to systems and methods for providing a personalized exchange market, and more specifically, to systems and methods for establishing personalized pledge agreements for uncertain future events or occurrences. In one embodiment, the invention includes a method including the steps of facilitating a pledge offer via a network, the pledge offer specifying an outcome of an uncertain future occurrence, the uncertain future occurrence being independently definable; facilitating an acceptance of the pledge offer over via the network, the acceptance forming a pledge agreement; determining the outcome; and facilitating performance of the pledge agreement based on the outcome. | 11-25-2010 |
20100299241 | METHOD AND APPARATUS FOR ON-LINE TRADING DISPLAY - The present method and software provides a display for a trader in tradable instruments that shows the market price and market depth. The display dynamically updates with data received from an electronic exchange and centers on the market price. Upon the trader moving a cursor over a trade entering portion of the screen to make a trade, the price is held stationary and no longer centers on the market price so as to permit the trader to select a price and quantity for trading. The displayed data is still being updated in the stationary screen, however. The trade is made by the trader selecting a price and quantity on the display. Movement of the cursor away from the trade selecting area results in the display again automatically centering on the market price in the dynamic display mode. | 11-25-2010 |
20100299242 | System and Method for Displaying Highest and Lowest Traded Price of Tradable Objects - A client terminal displays on a graphical interface a first indicator of a price associated with a lowest traded price of a tradable object during a predetermined period of time, a second indicator of a price associated with a highest traded price of the tradable object during the predetermined period of time, along with at least one quantity indicator associated with at least one order to buy/order the tradable object. The first indicator, the second indicator, and the at least one quantity indicator are displayed in relation to a static axis of price, and the client terminal dynamically updates the first and second indicator to new lowest and highest traded prices based on market updates received from an exchange. | 11-25-2010 |
20100299243 | SYSTEM AND METHOD FOR ASSIGNING RESPONSIBILITY FOR TRADE ORDER EXECUTION - An embodiment of the present invention provides a system and method for a sponsoring organization to: (1) utilize a rules-based computer system to capture trade orders from sub-advisors (money management firms) in order to implement a pre trade compliance review process, thereby enabling the sponsoring organization to prevent the execution of trade orders by a sub advisor that violates securities laws and/or account restrictions; and (2) determine and assign, based on expected market impact of a trade order to buy or sell securities, whether responsibility (discretion over the decisions related to how, when and with whom a trade order is executed) for executing the trade order is assigned to the money management firm for an investment portfolio or to the sponsoring organization of that portfolio. Trade orders are categorized in real-time as “high touch” (significant effort and market impact) or “low touch” (insignificant effort and market impact). | 11-25-2010 |
20100306096 | Cross-Border Trading System using existing market structures - I have invented a system which enables the cross-border trading and settlement of securities and financial instruments worldwide by linking markets and exchanges using a specifically devised computer network. My system frees the markets and exchanges of prevailing limitations imposed by the need to harmonize the automated systems, rules, procedures and practices of existing markets and exchanges to achieve this objective. At the same time, my system does not affect the sovereign status of any home market or exchange, leaving all its laws and mechanisms uncompromised. In all of its respects, my system is novel, unique, without particular precedent, and has long been desired. It will advance economic activity and make possible growth with profit in markets and exchanges worldwide. | 12-02-2010 |
20100306097 | DECENTRALIZED ENERGY SYSTEM AND METHOD FOR DISTRIBUTING ENERGY IN A DECENTRALIZED ENERGY SYSTEM - In order to ensure the robustness of decentralized energy systems and suitable distribution of the energy in such networks to a large number of energy consumption units, the novel energy system is provided with corresponding agents. At least one agent is associated with each energy consumption unit and/or energy generation unit in the decentralized energy system. The agents are interlinked in such a way that each agent can communicate with other agents in the energy system. Each change in the power output or power consumption requires a trade act, as a result of which large balance errors are avoided. In order to make this coupling between electrical and monetary acts practicable, current consumption contracts of an extremely wide variety can be drawn up between generators and consumers. The energy system is configured such that the energy is distributed in the system at least partially on the basis of monetary transactions arranged between the agents. | 12-02-2010 |
20100306098 | SYSTEM AND METHOD FOR TRADING MULTIPLE TRADEABLE OBJECTS USING A SINGLE TRADING INTERFACE - A system and method are provided for displaying information related to a plurality of tradeable objects using a single graphical interface. One example graphical interface includes at least two screen regions displayed in relation to each other, with each region including a plurality of locations. Each location in the first screen region corresponds to a value along a first value axis, and each location in the second screen region corresponds to a value along a second value axis. The graphical interface also includes a first indicator in the first region and a second indicator in the second region. In response to a repositioning command based on an algorithm, the graphical interface includes a repositioned first value axis and the second value axis, such that the indicators are displayed in new locations determined based on the algorithm. | 12-02-2010 |
20100318453 | BUSINESS METHOD AND SYSTEM FOR PROVIDING A HEALTH SECURITY ORGANIZATION FOR PROCURING AND FINANCING HEALTHCARE PRODUCTS AND SERVICES - A Health Security Organization (HSO) service method and system provides healthcare service vouchers which allow an individual or an entity to purchase and store points which correlate to CPT (Common Procedural Terminology) codes and are exchangeable for healthcare purposes. The points can be purchased individually or in bulk packages and are transferable through a provider or provisionary of healthcare needs including pharmaceuticals. The vouchers are transferable, non-expiring, and usable at any health care provider willing to exchange the points for currency in a similar fashion to an exchange of services with an insurance or credit card holder. The voucher point transfer provides immediate payment for services rendered. Additionally, the cards can be utilized in such a fashion that if repetitive services are needed they can be acquired in a more economical method via bulk purchasing. Vouchers are redeemed via telecommunication or other online means. | 12-16-2010 |
20100318454 | Function and Constraint Based Service Agreements - An exemplary matching module includes instructions for receipt of information about sellable resources for running web-based services; for a solver for minimizing or maximizing a function subject to constraints; and for output of cost information for purchasing or buying sellable resources for running web-based services where the cost information is based at least in part on minimizing or maximizing the function. An exemplary matching module may be configured to receive information in a domain-specific language. Other methods, devices and systems are also disclosed. | 12-16-2010 |
20100318455 | TRADING NITROGEN CREDITS DETERMINED BASED ON THE USE OF A GENETICALLY MODIFIED PLANT - To trade nitrogen credits on an electronic trading market, an amount of nitrogen applied or to be applied to obtain a desired crop yield using a genetically modified version of a plant is determined. The genetically modified version of the plant has a nitrogen utilization efficiency greater than a non-genetically modified version of the plant. A nitrogen credit is calculated based on the determined amount of nitrogen. The credit is conveyed to one or more potential buyers through the electronic trading market. | 12-16-2010 |
20100318456 | Network-Based Sub-Allocation Systems and Methods for Swaps - Network-based systems and methods for hosting and operating a network-based platform that allows clients to open and build a portfolio-swap account that is subdivided into a plurality of client sub-accounts or funds. The methods and systems of the invention allow the client to sub-allocate equity-swap transactions among its various client sub-account or funds as the client deems appropriate. | 12-16-2010 |
20100318457 | Securitization of a Commercial Transaction - A method and apparatus for generating a tradable security includes confirming a vendor's compliance with predefined terms of a commercial transaction, such that a buyer is obligated to make a due payment. The method and apparatus further includes electronically rating a financial commitment relating to a receivable account for the commercial transaction. This receivable account is rated based on conditions and factors known to a system facilitating the commercial transaction. Based on the ability for the financial commitment to be rated, a financial exchange is operative to transfer entitlement rights to monies due under the receivable account where the terms for the transfer of the entitlement rights are based at least in part on the electronic rating. Thereby, receivable accounts to commercial transactions may be tradable by one or more investors as properly rated investment. | 12-16-2010 |
20100318458 | System and Method for Graphically Displaying Market Related Data Using Fixed Size Bars - A system and method are provided for displaying market related data, such as traded volume at each price level, or any other trader-selected values, using one or more fixed size bars. In one preferred embodiment, a graphical display interface is provided and includes a plurality of fixed size bars that display traded volume at different price levels. In such an embodiment, the length of each bar may correspond to a predefined maximum value, and each bar may be progressively color-coded using a first graphical format to represent traded volume that is lower than the maximum value. If the traded volume exceeds the maximum value, the overflow value may be represented by progressively color-coding the bar using a second graphical format that may be used in relation to the first graphical format color-coding. | 12-16-2010 |
20100318459 | Template Based Matching - Systems and methods for matching orders are provided. One or more trade templates are created. The trade templates define groups of orders for financial instruments that may be combined such that all of the orders are matched. New orders and resting orders are analyzed using one or more trade templates to determine whether a combination of orders satisfies all of the elements of a trade template. When all of the elements of a trade template are satisfied, the corresponding orders may be matched contemporaneously. | 12-16-2010 |
20100325027 | Method and Apparatus for Automatically Generating Trading Instructions and Executing Trading - Method and apparatus for automatic trading with a module for generating instructions and an automatic trading module wherein trading-relevant data of an extensive environment are registered, trading strategies determined, and the definition of the volume of a trading as well as the execution of a trading carried out basically without human assistance. | 12-23-2010 |
20100325028 | SUPPLIER EVALUATION METHOD IN ELECTRONIC COMMERCE AND SYSTEM THEREOF - A method comprises the steps of: from member information of a trading partner as an object to be evaluated and order information on product items, estimating a supply chain associated with the member information and the item information; narrowing or screening the estimated supply chain by using attribute information associated with the item information; evaluating the response periods of individual members from the information request date and the information delivery date in the environment information exchange history of individual members in the narrowed supply chain; totaling the evaluated response periods of individual members according to the narrowed supply chain; and answering a user request by sending the totaled response period of the company being evaluated to a user computer. | 12-23-2010 |
20100325029 | SYSTEMS AND METHODS FOR PROVIDING A TRADING INTERFACE - Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands. | 12-23-2010 |
20100325030 | System and method of implementing massive early terminations of long term financial contracts - A method of and system for terminating or assigning outstanding OTC derivative transactions between a plurality of financial institutions (banks). The system comprises: a processing station arranged to receive transaction data describing a plurality of transactions from a plurality of banks via the Internet. The processing station comprises: a linking module for linking different versions of the same transaction received from different parties to that transaction; an analysis module for determining a set of linked transactions between a plurality of different banks, wherein each bank has debts and claims towards other banks in the set; a calculation module arranged to calculate an aggregated value of each set of linked transactions and select the set of linked transactions which has an aggregated value within bank-specified tolerance limits acceptable for executing a termination; and an execution module for executing a termination or assignment of the selected set of linked transactions. | 12-23-2010 |
20100325031 | METHOD AND SYSTEM FOR TRADING FINANCIAL ASSETS - Systems and methods for trading financial assets are disclosed. Financial assets may be traded by locally providing quotes for a financial asset in a foreign currency, locally receiving orders for the financial asset in the foreign currency, and locally filling the orders in the foreign currency. Hedged quotes for the financial assets may be developed for trading, in a first currency, financial assets priced in a second currency. | 12-23-2010 |
20100325032 | SYSTEMS AND METHODS FOR DELIVERING PARAMETERS TO AUTOMATED SECURITY ORDER EXECUTION SYSTEMS - In one aspect, the present invention permits users of trading algorithms to jointly achieve the objectives described above, namely: (a) permit access to trading algorithms of (arbitrary) complexity without requiring proprietary protocol extensions; (b) allow users to easily identify and store one or more sets of dynamic vs. static parameters (and related details, including user interface layout); and (c) allow any given pre-defined set of parameters to be easily invoked and used to submit orders. In another aspect, the invention comprises a computer system comprising: (a) an authoring tool operable to enable a user to design custom trading strategies and create interface definitions; and (b) a pre-processor operable to receive a custom strategy order message delivered via a standard protocol, load an definition for a corresponding custom strategy, enrich the order message based on the definition, and pass the enriched message to a trading strategy destination. | 12-23-2010 |
20100325033 | UPSIDE FORWARD WITH EARLY FUNDING PROVISION - A system for and method of providing a forward contract with an upside return and the possibility of early valuation are presented. The prices of the underlying financial instruments are allowed to float to a limited extent. Moreover, the party taking the short position is allowed to cash out early, without having to unwind the entire contract. The contact may be used, for example, by a corporation that wishes to raise capital using equity instruments. | 12-23-2010 |
20100325034 | Aggregated Trading System - A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions. | 12-23-2010 |
20100332366 | METHOD AND SYSTEM TO FACILITATE ON-LINE TRADING - A method and system to facilitate on-line trading is presented. An example system, in one embodiment, comprises a web page scanner, a trading control generator, an event detector, and a trading ticket generator. The web page scanner may be configured to scan a web page in order to detect security symbol information. The trading control generator may be configured to present a trading control to associate visually the trading control with the detected security symbol information, the trading control to access a trading service. The event detector may be configured to detect an event associated with the trading control, so that the trading ticket generator receives a request to launch a trading ticket associated with the security symbol information. A trading ticket may be then utilized by a user for submitting a security order using the trading service. | 12-30-2010 |
20100332367 | Prioritization of Trade Order Processing in Electronic Trading - Various systems and methods for trade order processing in an electronic trading environment are provided. According to one or more embodiments, two or more trade orders are currently queued for execution at one or more electronic exchanges and are to be modified at substantially the same time. Each trade order is processed according to a priority based on each order's proximity to a particular market price, for example. | 12-30-2010 |
20100332368 | MULTICOMPUTER DISTRIBUTED PROCESSING OF DATA REGARDING TRADING OPPORTUNITIES - A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described. | 12-30-2010 |
20100332369 | Processing composite trading orders - An apparatus for processing a composite trading order comprises an interface operable to display a composite value representing a weighted quantity of a plurality of trading products. The apparatus further comprises a processor operable to receive at least one input representing a composite trading order, wherein the at least one input comprises a quantity that is equal to at least a portion of the weighted quantity. The at least one input is usable to generate one or more constituent trading orders that, when filled, combine to satisfy the composite trading order. | 12-30-2010 |
20100332370 | COMPUTER SYSTEM AND METHOD FOR CALCULATING MARGIN - The present invention relates to a computer system, computerized method and computer program product for calculating margin requirements in a more efficient way. In particular it relates to margin calculations for being used by clearing house in order to optimize calculation of margin requirements. | 12-30-2010 |
20100332371 | 24 HOURS GLOBAL LOW LATENCY COMPUTERIZED EXCHANGE SYSTEM - The present invention relates to distributed computerized exchange systems for trading of financial instruments. In particular it relates to a passive matching engine and an active matching engine that cooperates in handling data messages such that less bandwidth is used and so that improvement in latency can be achieved. | 12-30-2010 |
20100332372 | SYSTEMS AND METHODS FOR PROVIDING A TRADING INTERFACE - Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands. | 12-30-2010 |
20100332373 | System and method for participation in energy-related markets - A multidimensional energy decision system, comprising a plurality of server systems, including at least a statistics server and an interface adapted to receive and send digital information from at least a client system, and further adapted to optionally communicate with the digital exchange via a packet-based data network, wherein the multidimensional energy decision system periodically optimizes operational parameters of client system for a specific time period and a specific energy asset from client system based on forecasted conditions, and directly, or upon decision confirmation from a client system, procures or makes dispatchable energy resources, related externalities, or related derivative financial products, available to a digital exchange or other parties, wherein upon the purchase of a listed asset by another party or across digital exchange, implements dispatch procedures to satisfy the issued contract and, optionally, provides monitoring and verification of performance, is disclosed. | 12-30-2010 |
20100332374 | Discretionary order in an electronic guaranteed entitlement environment - An enhanced system and method for handling, matching and executing discretionary orders in an electronic options environment is disclosed. Market maker entitlements are integrated with the discretionary order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when an incoming discretionary order priced at or better than the NBBO is received. If the incoming discretionary order cannot execute at the NBBO using its display price, then it will use as much discretion as is required to participate in a market maker entitlement if the market maker is quoting at the NBBO, and to execute against the order book and route to away markets quotations at the NBBO. Once posted to the order book, only the display price of a discretionary order is eligible for preferential execution in a market maker entitlement process. | 12-30-2010 |
20100332375 | Apparatus and Method for Trade Aggregation of Trade Allocations and Settlements - A post-trade aggregation system includes an allocation middleware interface, which interacts with an order management system to allocate and settle trades. The order management system receives a trade order on behalf of a customer and either apportions the trade into a plurality of smaller orders and communicates them to a plurality of order destinations directly (e.g. via the FIX protocol), or sends large orders to an order staging and optimization interface which then apportions the larger orders into a plurality of smaller orders and communicates the orders to a plurality of order destinations. The post-trade aggregation system contains an allocation middleware interface which receives the individual trade executions from the plurality of order destination and compresses them into a single average-priced block. The allocation middleware interface then sends the single average-priced block to be cleared by a designated clearing agent and allocates the single average-priced block into one or more custodian accounts. In further aspects, a method and apparatus are also provided. | 12-30-2010 |
20100332376 | System and Method for Auction Negotiation - An auction method is operable in a first computing device that is arranged to communicate with a plurality of second computing devices across a network, each of the second computing devices being controlled by a respective party. The auction method comprises, at the first computing device, generating a request for an offer comprising at least one negotiable parameter, the request being sent to a plurality of parties participating in the auction. The first computing device is responsive to a respective offer being received from a plurality of the parties, each offer comprising a value for each of one or more parameters including the at least one negotiable parameter, to identify a current best offer by combining the parameter values to provide a ranking value for each offer. Responsive to the current best offer failing to be identified as a successful offer, a request for a better offer is sent to at least some of the parties. | 12-30-2010 |
20100332377 | Time Market Grid Interface - A system and method are provided for trading a tradable object. One example apparatus includes a microprocessor, a graphical user comprising a first screen region having a plurality of locations in the first screen region, each location corresponding to a price level along a first axis and a time along a second axis. The apparatus also comprises a user input device for sending a command to initiate placement of a timed trade order, and an indicator being dynamically displayed in one of the plurality locations of the first screen region and corresponding to the timed order. In one example embodiment, the indicator dynamically moves over time relative to the second axis indicating a time until the order will be automatically sent to a computerized matching process. | 12-30-2010 |
20100332378 | SYSTEM AND METHOD FOR SELECTIVELY DISPLAYING MARKET INFORMATION RELATED TO A PLURALITY OF TRADEABLE OBJECTS - A graphical interface and method are provided for selectively displaying market information corresponding to a plurality of tradeable objects. According to one example method, a scanning feature is provided in relation to a number of tradeable object indicators. Upon detecting a predefined movement of a user input device in relation to the plurality of indicators, a graphical interface dynamically displays market information corresponding to the tradeable objects as a predefined movement of the user input device is detected in relation to the tradeable object indicators. | 12-30-2010 |
20100332379 | INTERACTIVE GRID-BASED GRAPHICAL TRADING SYSTEM FOR REAL TIME SECURITY TRADING - An interactive grid-based graphical trading system for use in securities trading provides a dynamic, visual display of trading data consisting of orders, quotes and indices, for any security and for any number of market participants. The trading data are plotted on a grid consisting of cells arranged in rows and columns, which are associated with specific parameters. Distinct visual presentation styles are used, and differences in the price parameter are represented spatially. The values of the price and other parameters associated with the same orders and quotes are mapped against the values associated with the rows and columns of the grid. A trader may place or modify trading orders by interacting with the trading data displayed on the grid, and with specific GUI objects displayed on the same grid. Trading instructions are generated and transmitted to a market participant, in a manner transparent to the trader. | 12-30-2010 |
20100332380 | Trading Tools for Electronic Trading - Tools for trading and monitoring a commodity on an electronic exchange using a graphical user interface and a user input device. The tools will aid the trader in determining the status, trends in the market, and the trader's position in the market. | 12-30-2010 |
20110004539 | METHOD TO ENABLE SECURE ANONYMOUS OFFLINE ELECTRONIC VALUE EXCHANGE BASED ON ZERO KNOWLEDGE PROOF, BLIND SIGNATURE SCHEMES AND DOUBLE SIGNED EXCHANGE HISTORY - A transaction of an electronic valuable can be secured in an offline media by combining the known techniques of Zero-Knowledge Proofs, Blind Signing of Single-Use Tokens and using a bi-directional signing of the electronic valuable's history. The method presented here allows total anonymity for users who do not try to copy or otherwise modify the electronic valuable, while at the same time exposing misusers at the first discovery of misuse. | 01-06-2011 |
20110004540 | QUOTE INACTIVATION SYSTEM AND METHOD FOR AN AUTOMATED EXCHANGE FOR TRADING DERIVATIVE SECURITIES - An automated system and method for trading option instruments on an automated exchange comprising a participant system for communicating with an automated exchange system. The disclosed system and method allows a market professional such as a market maker to inactivate the quotes in instruments for a related product while the market maker's quoting engine continues to update the quotes. Also disclosed is a system and method for reducing load on a exchange network in recalculating a best bid and offer price. Disclosed herein is a system and method for maintaining control over professional quotes for the purchase and sale of option instruments for a product in an exchange system | 01-06-2011 |
20110004541 | METHOD AND APPARATUS FOR CONDUCTING A TRANSACTION - Systems, methods, apparatus, computer program code and means for conducting a transaction are provided. In some embodiments, a unit is issued to a holder including a forward contract and a note, in which the note specifies an initial capped remarketing, at least a first subsequent capped remarketing, and an uncapped remarketing, the uncapped remarketing performed only if each of the capped remarketings fail. | 01-06-2011 |
20110004542 | ARTICLE SALES DATA PROCESSING APPARATUS AND CAPITAL INVESTMENT INCREASE METHOD - According to one embodiment, an article sales data processing apparatus includes an investor specifying unit, an acquisition unit, and an addition unit. The investor specifying unit accepts an input of investor identification information to identify an investor. The acquisition unit acquires information about capital investment stored in association with the investor identification information accepted by the specifying unit. The addition unit adds a differential amount between a total amount of an article sold in one transaction and a deposit amount for a price of the articles, to the capital investment acquired by the acquisition unit. | 01-06-2011 |
20110004543 | SYSTEMS AND METHODS FOR ANONYMOUS ELECTRONIC TRADING - Systems and methods for anonymous electronic trading that allow a trader to hide his or her identity and inhibit trading interactions are provided. Using these systems and methods, a trader can, using various trading interfaces, control a level of trading anonymously and configure warnings that are provided to protect against inadvertent completion of potential-risk-involved trades. | 01-06-2011 |
20110010285 | PRODUCTS AND PROCESSES FOR DIFFERENTIATING TRADING ORDERS - In various embodiments, a data signal differentiates between real and test trading orders and a computer system processes the orders based on differing values. | 01-13-2011 |
20110010286 | PRODUCTS AND PROCESSES FOR DIFFERENTIATING TRADING ORDERS - In various embodiments, a data signal differentiates between real and test trading orders and a computer system processes the orders based on differing values. | 01-13-2011 |
20110010287 | SYSTEMS, METHODS AND COMPUTER PROGRAM PRODUCTS FOR REDIRECTING ELECTRONIC TRADE ORDERS - A system for redirecting electronic trade orders includes trade order routing facilities coupled with an electronic trade routing network and a plurality of trade venues, including one or more third party broker dealer systems and one or more alternative trading systems. The trade order routing facilities are configured to monitor electronic trade orders at destination trade venues to determine the number of available shares remaining. The trade order routing facilities are further configured to monitor the electronic trade routing network and a plurality of trade venues to identify if any executable trade orders exist that could be matched against some or all of the remaining order portion. Then the trade order routing facilities retrieve some or all of the remaining shares and submit trade orders to execute against the identified orders in other trade venues. | 01-13-2011 |
20110010288 | ANONYMOUS TRADING SYSTEM - An anonymous computerised trading system matches orders by conducting auctions at specified times. As well as entering orders, participants assign credit limits for the duration of the auction, thus minimizing the time for which credit is allocated to the system. | 01-13-2011 |
20110016034 | METHOD AND SYSTEM FOR AUCTIONING FUNDS USING A FULL-TIME PUBLIC NETWORK - A method for auctioning funds to a bank or by a depositor using a full-time public network, including several steps. A connection is established ( | 01-20-2011 |
20110016035 | METHOD AND SYSTEM FOR PROVIDING AUTOMATIC EXECUTION OF BLACK BOX STRATEGIES FOR ELECTRONIC TRADING - A method and system for providing automatic execution of black box trading strategies for electronic trading. A black box trading entity is created from two or more real or synthetic trading entities including real or synthetic contracts or financial instruments. The black box trading entity is automatically traded via one or more electronic trading exchanges on a client device and/or a server device and/or a combination thereof, thereby making the execution of electronic trades for the black box trading entity faster and more reliable than when executing on one network device alone. | 01-20-2011 |
20110016036 | SYSTEMS AND METHODS OF FACILITATING TRADING OF INSTRUMENTS - Systems and methods of facilitating trades of instruments are provided. A master node and a plurality of intermediate nodes store counterparty credit matrices. Trades are executed based on the information stored in these matrices. The systems and methods allow selection of trading options that not only accept or reject a trade, but also can indicate a credit status to be assigned to a counterparty to the trade. | 01-20-2011 |
20110016037 | METHOD AND APPARATUS FOR DISPLAY OF DATA WITH RESPECT TO CERTAIN TRADABLE INTERESTS - Computer display of exchange traded option trading system includes sorting information received from the exchange to provide the liquidity provider with trading opportunities based on the liquidity provider's portfolio. A first display provides a comparison of theoretical values to market pricing values for tradable interests in the portfolio and displays in sorted order tradable interests for which values are most out of line. In another display, pricing data of tradable interests in the portfolio as received from a primary exchange are compared to pricing data on other exchanges, and a listing is provided of tradable interests in which values are crossed, are the same (locked) or are one trade increment away from one another. In a third display, pricing values on any exchange for tradable interests in the portfolio that are crossed with the pricing value on any other exchange are shown. Trade entry is possible from the displays. | 01-20-2011 |
20110016038 | CONVERSATIONAL DEALING IN AN ANONYMOUS TRADING SYSTEM - An anonymous trading system for financial instruments comprises a network of broking nodes each performing a bid and offer matching function and a market view distribution function. Trader terminals are connected to the network via trading agent nodes. During deal execution a credit check is performed and once the deal is complete the identity of the counterparty becomes known to the other counterparty to the deal. The originating counterparty may send a More quantity message to the other party proposing a further deal at the same price. The other party may decline, partially accept, accept or accept and propose a still further amount. Credit for the further deal is drawn from an external source and the internal credit limits are temporarily increased or disabled to prevent the deal from being rejected. | 01-20-2011 |
20110016039 | Automated Securities Trade Execution System and Method - An automated securities order execution system includes order entering means for a client to enter an order and at least one filtering means for determining whether the order can be automatically executed. Routing means are used for routing the order to a destination based upon the determination made by each of the filtering means. After the order has been properly routed, the order is executed and the result of the order execution is reported to the client. | 01-20-2011 |
20110016040 | SYSTEM AND METHOD FOR IMPROVED DISTRIBUTION OF MARKET INFORMATION - A data distribution system and method are described herein to improve the distribution of market information to subscribing client devices. Market information updates are provided to subscribing devices over a communication link every time a change in the market occurs. If a bandwidth limitation is reached on the communication link, the preferred embodiments switch to a second mode of transmission such that the market information updates are provided only at predetermined intervals. The preferred embodiment monitors the bandwidth consumption to determine what mode of transmission to apply, and in response, it can dynamically change between modes of transmission. By dynamically adjusting the mode of transmission to comport with the current network bandwidth, the preferred embodiments may provide a network friendly, data intensive, and fast response market information feed. | 01-20-2011 |
20110022508 | TRADING ORDERS WITH DECAYING RESERVES - In various embodiments, an apparatus includes a processor and a memory. The memory is communicatively coupled to the processor. The memory stores software instructions that, when executed by the processor, cause the processor to receive a trading order for a particular quantity of a trading product. The trading order specifies that a first portion of the particular quantity is a displayed quantity and that a second portion of the particular quantity is a reserved quantity. The trading order specifies at least one of a decay rule, a decay interval, a decay rate, decay quantity, and one or more conditions. The software instructions, when executed by the processor, cause the processor to cause the reserved quantity to decay based at least in part on at least one of the decay rule, the decay interval, the decay rate, and the decay quantity, and one or more conditions. | 01-27-2011 |
20110022509 | METHOD AND SYSTEM FOR ELECTRONIC TRADING VIA A YIELD CURVE ON PLURAL NETWORK DEVICES - A method and system for providing automatic electronic trading via yield curves. A yield curve is automatically traded via one or more electronic trading exchanges on a client device and/or a server device and/or a combination thereof, thereby making the execution of electronic trades for the yield curve faster and more reliable than when executing on one network device alone. | 01-27-2011 |
20110022510 | SYSTEM AND METHOD FOR DYNAMICALLY REGULATING ORDER ENTRY IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for trading a trading strategy defined for at least one tradeable object in an electronic trading environment. More specifically, one example method includes using a first pay-up tick value to determine a first acceptable price level for an order associated with the trading strategy, automatically modifying the first pay-up tick to a second pay-up tick value in response to detecting a predefined condition, and using the second pay-up tick value to determine a second acceptable price level for the order associated with the trading strategy. | 01-27-2011 |
20110022511 | Balancing Arbitragable Tracking Securities - A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated. The agent for the first fund has the option of providing or accepting second fund shares or other securities, rather than cash, to cover “cash amount” obligations. Such obligations arise from the need to equate the value received or given for the first fund shares (e.g., the creation unit stock basket plus or minus the “cash amount”) with the NAV of the first fund shares that it has issued or received. | 01-27-2011 |
20110029422 | TRADING GREENHOUSE GAS EMISSION CREDITS DETERMINED BASED ON THE USE OF A GENETICALLY MODIFIED PLANT - To trade greenhouse gas emission credits on an electronic trading market, an amount of nitrogen applied or to be applied to obtain a desired crop yield using a genetically modified version of a plant is determined. The genetically modified version of the plant has a nitrogen utilization efficiency greater than a non-genetically modified version of the plant. An amount of greenhouse gas emission is determined based on the amount of nitrogen. A greenhouse gas credit is calculated based on the determined amount of greenhouse gas emission. The calculated greenhouse gas credit is conveyed to one or more potential buyers through the electronic trading market. | 02-03-2011 |
20110029423 | SECURITIES MARKET AND MARKET MAKER ACTIVITY TRACKING SYSTEM AND METHOD - A method, system and computer program to monitor securities market activity to seek out imbalances in market activity that could lead to a price change in a particular security. Level 1 and/or level 2 data is analyzed to track the activity of market makers and to derive indicators of momentary upward or downward price pressure. The indicators can be displayed to a user. | 02-03-2011 |
20110029424 | HIDDEN BOOK TRADING SYSTEM - Presented is a system and method for performing crossing of institutional security orders. The system includes a first server interconnected to a second server and client stations across a communication network. The first server includes a database and is configured to receive institutional orders from the client station, which are stored in the database. The first server includes operating instructions operable to determine whether a match exists between contra institutional orders based on predetermined criteria. Upon determination of a match, the first server forwards a child order composed of at least a portion of one of the contra orders to the second server. At a fraction of a second later, the first server forwards the other of the contra orders to the second server followed by the remaining portion of the contra order. | 02-03-2011 |
20110029425 | PASS THROUGH LIQUIDITY IN A MULTI-TIERED TRADING SYSTEM AND METHOD - The present invention generally relates to brokerage systems and methods, and more particularly, to a multi-tiered trading system and corresponding methods which allow multiple customers and multiple dealers to transact on a single platform while maintaining the distinction of an inter-dealer system and a dealer-customer relationship. | 02-03-2011 |
20110029426 | System and Method for Changing the View of a Trading Screen - A trading screen displays market information, such as working orders, buy and sell orders, and other items of interest, in association with values on a value axis. Each item of interest is therefore displayed in relation to the value axis to provide a trader with an intuitive display of the market. In one embodiment, a user can select a location associated with a particular value on the trading screen and upon an selection, for example, by a click of the mouse button, the value axis is repositioned so that the selected value is moved to a predefined location. During which, market information is moved to new locations that are associated with their respective values on the value axis. | 02-03-2011 |
20110035306 | System and method for buying and selling securities - A computer-implemented method for trading a financial instrument. The method can include receiving an instrument designation for a financial instrument, receiving an offset value, related to the instrument, and receiving an actuation of at least one of a better buyer selector and a better seller selector related to the instrument. The method can include receiving a base value related to the instrument, receiving a timeout rule related to the instrument, and receiving a timeout value related to the instrument. The timeout rule can be an interval type, and the timeout value can be a time interval. The timeout rule can be a custom type, and the timeout value can be a mathematical expression. In addition, the method can include generating a request to buy the instrument at a value of the offset above the bid price for the instrument, and buying the instrument. | 02-10-2011 |
20110035307 | METHOD AND SYSTEM FOR CONSOLIDATING COMMODITY FUTURES CONTRACTS HAVING GUARANTEED PHYSICAL DELIVERY - A guaranteed physical delivery futures contract and method and system for consolidating same are disclosed. The method includes guaranteeing physical delivery for future positions of market participants having open first-nearby time positions of a particular size, making additions to or subtractions from open first-nearby time positions of market participants that are less than the particular size and offsetting the additions to and subtractions from market participants' open first-nearby time positions with opposite positions in a second-nearby time. The system includes one or more servers and communications links, the communications links for receiving position data, including open positions, and the servers are configured to make additions to or subtractions from open first-nearby time positions less than a certain size and adjust market participant second-nearby time positions based on the additions to or subtractions from open first-nearby time positions. In certain embodiments, the underlying commodity is crude oil and the particular size is the size of a cargo shipment, about 600,000 barrels. | 02-10-2011 |
20110035308 | METHOD AND SYSTEM FOR PROVIDING AUTOMATIC EXECUTION OF GRAY BOX STRATEGIES FOR ELECTRONIC TRADING - A method and system for providing automatic execution of gray box trading strategies for electronic trading. A gray box trading entity is created from two or more real or synthetic trading entities including real or synthetic contracts or financial instruments. The gray box trading entity includes a black box portion (automatic trade execution) and a white box portion (manual trade execution). An electronic trader selects trades for black box and white box trades in the gray box trading entity. The trades can be dynamically changed. Selected trades for gray box trading entity are automatically traded with a black box trading entity on one or more electronic trading exchanges while a trader is prompted to manually execute selected other trades for the gray box trading entity with a white box trading entity. | 02-10-2011 |
20110035309 | Visual Representation and Configuration of Trading Strategies - A system and method are provided to visually represent and configure trading strategies used in electronic trading. The system and method may be used to visually represent, among other things, an acceptable range of prices for a trading strategy in relation to a graphical user interface. The acceptable range of prices may be input by a trader to limit when one or more orders are moved from one price to another. The acceptable range of prices can be displayed on a graphical user interface using visual indicators. Using the visual indicators, the acceptable range of prices can also be configured and modified by a trader based on the trader's preferences. Other features and advantages are described herein. | 02-10-2011 |
20110035310 | PASS THROUGH LIQUIDITY IN A MULTI-TIERED TRADING SYSTEM AND METHOD - The present invention generally relates to brokerage systems and methods, and more particularly, to a multi-tiered trading system and corresponding methods which allow multiple customers and multiple dealers to transact on a single platform while maintaining the distinction of an inter-dealer system and a dealer-customer relationship. | 02-10-2011 |
20110035311 | Method and Interface for Consolidating Price Levels on a Trading Screen - A trading screen may display price and quantity information for price levels in a static axis of prices. The static axis of prices may be divided into two or more different regions. The price and quantity information for one or more of the regions may be consolidated from price and quantity information from plurality of un-consolidated price levels. | 02-10-2011 |
20110035312 | System and Method for Linking and Managing Linked Orders in an Electronic Trading Environment - A system and method for linking and managing linked orders are described. According to one method, a trader may first link two or more orders into a linked order, and then one or more parameters associated with one of the orders may be dynamically changed based on user inputs or information being received from an exchange. For example, a trader may link any two orders as an order cancel order, and each linked order may be associated with the same or different tradable objects, order quantities, and may be submitted to one or more exchanges. The order quantities may be then dynamically updated based on updates being received from the one or more exchanges and further based on a quantity ratio between the two orders. Further, the linked order may be submitted upon detecting a fill for another order. | 02-10-2011 |
20110035313 | American and European style Win, Lose or Draw derivative instruments - Methods and systems are disclosed for listing and trading fixed-payoff derivative contracts between two parties based on the movement of an underlying financial instrument in a manner that eliminates the cost associated with a traditional option premium. The invention, henceforth referred to as a “Win, Lose or Draw” derivative contract, is a cash position for or against the occurrence of a designated price event above an underlying financial instrument's spot price before the occurrence of a designated price event below an underlying financial instrument's spot price, or vice versa, within a designated time period. If neither designated price event occurs within the designated time period, no loss of cash position is incurred by either party. Embodiments of the invention include both American-style and European-style contracts, the application of asset-backed contracts, transferable positions, multiple underlying financial instruments within the same contract, asymmetric time periods, and expirationless time periods. | 02-10-2011 |
20110040666 | Dynamic pricing system and method for complex energy securities - A dynamic pricing system for complex energy securities, comprising a communications interface executing on a network-connected server and adapted to receive information from a plurality of iNodes, an event database coupled to the communications interface and adapted to receive events from a plurality of iNodes via the communications interface, a pricing server coupled to the communications interface, and a statistics server coupled to the event database and the pricing server, is disclosed. According to the invention, the pricing server, on receiving a request to establish a price for an energy security, requests at least one statistical indicia of risk from the statistics server, the statistical indicia of risk being computed by the statistics server based on a plurality of historical data obtained from the event database, and the pricing server computes a price for the security based at least in part on the statistical indicia of risk. | 02-17-2011 |
20110040667 | EXCHANGE TRADING SYSTEM AND METHOD HAVING A MODIFIED PARTICIPATION ENTITLEMENT - A system and method of determining a participation entitlement for orders for the purchase or sale of securities or derivatives in an exchange configured for trading securities or derivatives is provided. One method includes determining a first participation entitlement based on a presence of a first-in-time public customer order at an executable price and determining a second participation entitlement in an absence of a public customer order on the electronic book. The system includes an electronic trade engine with electronic book configured for receiving orders from market makers on and away from the trading floor. The system also includes executable instructions for determining participation entitlements according to the method noted above. | 02-17-2011 |
20110040668 | AUTOMATED SPREAD TRADING SYSTEM - An automated spread trading terminal receives from a user a selection of a spread trade indicative of a set of trading contracts and transmits to an electronic trading exchange a first set of messages including an order message relating to the user selection such that an initial set of more working orders are rendered operative. The terminal receives from the electronic trading exchange a first fill confirmation message confirming at least partial completion of a first working order, and in response transmits to the electronic trading exchanges both second and third sets of messages such that a completing set of working orders are rendered operative and additional working orders corresponding to the trading contracts are rendered operative, the third set of messages being transmitted before the set of working orders is completed. | 02-17-2011 |
20110040669 | AUTOMATED SPREAD TRADING SYSTEM - An automated spread trading terminal receives from a user a selection of a spread trade indicative of a set of trading contracts defined in relation to the spread trade, and transmits to an electronic trading exchange a first set of messages including an order message such that an initial set of working orders corresponding to one of the trading contracts are rendered operative in the electronic trading exchange. The terminal receives from the electronic trading exchange a first fill confirmation message confirming the partial completion of a first working order in the initial set of working orders, and current market data indicating quantities of current bids and/or offers in relation to the trading contracts. in response to the first fill confirmation message, the terminal transmits to the electronic trading exchange a second set of messages such that a completing set of working orders are rendered operative in the electronic trading exchange. A quantity is reduced on order at a given price level from a first non-zero quantity to a second non-zero quantity for a trading contract on the basis of a bid or offer quantity in the current market data. | 02-17-2011 |
20110040670 | System and Method for Price-Based Annotations in an Electronic Trading Environment - A system and method for generating and displaying annotations in relation to one or more prices corresponding to trader-related or market related events are described. In one embodiment, a trader may enter an annotation to be displayed in relation to one or more price levels. Alternatively, a trader may configure a dynamic annotation to be dynamically displayed in relation to some price level(s) upon detecting a predetermined event related to one or more tradeable objects. Also, a trader may configure one or more alarms to be displayed or played in combination with the annotations. | 02-17-2011 |
20110040671 | Settling Over-The-Counter Derivatives Using Synthetic Spot Benchmark Rates - Techniques and systems for settling over-the-counter financial instruments includes sampling over a periodic interval are disclosed. A volume weighted average price of the sampled process may be calculated and forward points may be applied to the volume weighted average priced to determine an associated spot exchange rate. Such a synthetic spot FX exchange rate may be published to subscribers. Over-the-counter financial instruments may establish delivery obligations according to the spot exchange rate. In the event where a number of transactions during the sampling period is less than a threshold, a midpoint of bids and asks associated with orders for the exchange traded financial instrument may be used to determine an average of the midpoint, to which the forward points may be applied to determine the spot exchange rate. Alternatively, the time-weighted average of the bid and ask orders during a periodic interval may be used in computing the volume-weighted average price. | 02-17-2011 |
20110040672 | System and Method for Dynamic Quantity Orders in an Electronic Trading Environment - A system and method for dynamic quantity orders in an electronic trading environment are described. According to one method, a dynamic quantity order includes a price, a desired order quantity and a percentage associated with an estimated order quantity that will be filled in an order queue. When the order is received at an electronic exchange, the order is sorted into a pro-rata order queue, and the exchange may estimate a potential order quantity that will be filled in the order queue at the price based on the defined percentage. Subsequently, the exchange may then increase the order quantity of the dynamic quantity order so that if the estimated number of fills occurs, the order quantity of the dynamic quantity order will be filled. | 02-17-2011 |
20110040673 | SYSTEMS AND METHODS FOR LINKING ORDERS IN ELECTRONIC TRADING SYSTEMS - Systems and methods for linking orders in electronic trading systems are provided. These systems and methods enable a trader to select two or more items that are to be linked and specify linking parameters for those items. Any desired set of items may be linked, and the linking parameters may include price adjustments, order sequencing instructions, automatic/manual execution controls, execution delays commands, and update frequency limits. Upon detecting a bid or offer for a linked item, the systems and methods may then determine a size and a price for each linked item based upon the size and the price of the bid or offer for the first linked item. In this way, the sizes and the prices for the other linked items may be propagated from the size and the price for the first item. Once the size and the price for each item is determined, the systems and methods may submit orders for the items in accordance with the linking parameters. In the case where orders for linked items may only be submitted in designated lot sizes, the systems and methods may round the sizes of the orders to the designated lot sizes, and then submit remainder orders to make up for the rounding. | 02-17-2011 |
20110040674 | System and Method for Quick Quote Configuration - A method and system are described for providing a trader with the ability to quickly configure the quoting side of a trading tool, without experiencing the normal delays associated with conventional methods of quoting. In spread trading, an automated spread trading tool may automatically work an order to buy or sell a tradeable object. A user may configure the trading tool to work an order in a certain tradeable object first. The system allows the user to essentially on-the-fly configure the trading tool to work a second order in another tradeable object, and in response to the change, the system can take specific actions such as deleting the order in the first tradeable object and automatically entering the second order in the other tradeable object. This allows the trader to trade quickly and efficiently. | 02-17-2011 |
20110040675 | System and Method for Linking and Managing Linked Orders in an Electronic Trading Environment - A system and method for linking and managing linked orders are described. According to one method, a trader may first link two or more orders into a linked order, and then one or more parameters associated with one of the orders may be dynamically changed based on user inputs or information being received from an exchange. For example, a trader may link any two orders as an order cancel order, and each linked order may be associated with the same or different tradable objects, order quantities, and may be submitted to one or more exchanges. The order quantities may be then dynamically updated based on updates being received from the one or more exchanges and further based on a quantity ratio between the two orders. Further, the linked order may be submitted upon detecting a fill for another order. | 02-17-2011 |
20110040676 | Order Chronicle Process and Method - A process for chronicling a portion of an electronic market includes a record process for recording an activity relating to a security interest in an order book in main memory of a computer system and another record process for recording the activity in a persistent store. | 02-17-2011 |
20110040677 | System And Method For Regulating Order Entry In An Electronic Trading Environment - A system and method are provided for defining slop parameters to an individual spread order or a customized group of orders. The system and method may be used to, for example, define inside slop, outside slop, and/or adjustable range parameters to one or more orders. The inside slop, outside slop, and/or adjustable range parameters may be input by a trader, and, among other things, allow a trader to prioritize orders, set parameters so that some orders are re-priced more aggressively than other spread orders. Alternatively, slop parameters associated with a spread order may also apply more restrictive slop parameters to orders within the same adjustable range. Slop parameters associated with a spread order can also be configured and modified by a trader based on the trader's preferences. Other features and advantages are described herein. | 02-17-2011 |
20110040678 | SYSTEM AND METHOD FOR PREVENTING CROSS TRADING - Information regarding the current state in the market is used to prevent orders from crossing. In an example provided herein, when an order is entered into a market, information regarding current positions in the market is taken into account to determine whether the order will cross with other orders. If the orders would cross, appropriate action is taken to prevent the crossing of orders in a way suitable for the person or persons trading. The teachings described herein may be used for any reason to prevent orders from crossing. Moreover, they may be used in other areas of trading to assist the trader in obeying any other rule or regulation that might involve analyzing current positions in the market before taking action. | 02-17-2011 |
20110040679 | System and Method for Improved Order Entry Using Market Depth - Market depth information pertaining to the hedging side is utilized to intelligently break a non-hedging order into multiple orders, such that the orders rest at cascading price levels. This way, the trader can benefit from sweeps in the book and still properly account for the market depth on the hedging side. Further, there is a greater probability of receiving “partials” on the spread order. In addition, hedge orders may be sent at multiple price levels, or sent to the market in pieces over time. By applying a more intelligent process to hedge orders (as opposed to “fire and forget”) an alternative beyond limit orders that can be legged or market orders is provided. | 02-17-2011 |
20110040680 | METHOD, APPARATUS AND INTERFACE FOR TRANSACTION TOGGLING - A method for submitting transactions from an automated trading tool to an electronic exchange. The method includes defining a proximity limit and automatically generating a transaction for a tradeable object. The method further includes applying the proximity limit to the transaction. When the transaction falls within the defined proximity limit, the transaction is submitted to the exchange. An apparatus and interface for transaction toggling based on proximity limits are also provided. | 02-17-2011 |
20110047059 | Residential mortgage exchange and borrower trading platform - R-M-X is an online platform design and utility to allow borrowers to search for and execute mortgage loan alternatives across a pool of lenders. R-M-X will allow borrowers and lenders to enter into standardized loans through R-M-X rather than directly as bilateral agreements. Each mortgage will be bifurcated into a credit and funding component. Borrowers and lenders can each separately manage the credit and funding components of the loan. Also, R-M-X will act as a primary and secondary trading exchange and clearing entity for collateral and funding lenders providing trading, clearing and standardization for retail liabilities including residential mortgages. | 02-24-2011 |
20110047060 | APPARATUSES, METHODS AND SYSTEMS FOR A MARGINAL CONTRIBUTION TO PERFORMANCE PLATFORM - The APPARATUSES, METHODS AND SYSTEMS FOR A MARGINAL CONTRIBUTION TO PERFORMANCE PLATFORM (“MCP PLATFORM”) brings about significant advances in the utility and efficacy of algorithmic trading. In one embodiment, the MCP Platform facilitates optimized trading of financial instruments by employing an optimization framework that extends down to the order-placement level. The MCP Platform may minimize a total, generalized cost associated with a trade by separating the overall optimization problem into current order placement decisions and future order placement decisions. Future order placement decisions may then be evaluated analytically and the current order placement decisions evaluated numerically to effectively reduce the dimensionality of the optimization problem and allow optimization to be performed in a relatively short period of time. | 02-24-2011 |
20110047061 | Method for detecting abnormal transactions of financial assets and information processing device performing the method - A method for detecting abnormal transactions of a financial asset and an information processing device performing the method are disclosed. The method is used for detecting whether a plurality of account data have a abnormal transaction, and the method comprises the steps of: receiving historic information, wherein the historic information comprises the account data and each number of trades made on each transaction day of each account within a period; establishing a plurality of information matrixes; choosing two of the plurality of information matrixes for making an inner product operation and acquiring an inner product value; constructing the threshold of the inner product value; determining whether the inner product value is greater than the threshold of the inner product value; and if yes, determining the two corresponding accounts of the information matrixes having the abnormal transaction. | 02-24-2011 |
20110047062 | PRECIOUS METAL BULLION ARBITRAGE RETAIL KIOSK AND ASSOCIATED METHODS OF USE AND MANUFACTURE - Embodiments of the present disclosure are directed towards a bullion arbitrage kiosk portal device that enables a customer to buy and/or sell precious metal bullion. A price for the bullion is dynamically determined based at least in part on a plurality of real-time market quotes, an operational markup, and an inventory determination of bullion at a single or multiple number of kiosk portal device(s). The kiosk portal device is further configured such that bullion purchased by the kiosk portal device may be resold by the same kiosk portal device, thereby integrating the buy/sell of bullion, even by the same customer. The kiosk portal device further enables a customer to exchange bullion for differing configurations and/or amounts of other bullion, as well as other forms of payment, such as cash, credit, or alternative denominations of bullion. | 02-24-2011 |
20110047063 | SYSTEM AND METHOD FOR DISPLAYING MARKET INFORMATION AND ORDER PLACEMENT IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for displaying a trading screen and placing an order in an electronic trading environment. The system and method may be used to assist a trader in selecting an item of interest, such as the inside market (best bid and best ask) to be displayed relative to a user configured location on the trading screen, such as the center of the trading screen. In a preferred embodiment, the inside market will stay located relative to center of the trading screen and the price levels associated to the inside market will move as the market conditions fluctuate. Other features and advantages are described herein. | 02-24-2011 |
20110047064 | DISTRIBUTION OF DATA TO MULTIPLE RECIPIENTS - In a trading system market data from a matching engine is distributed by a broker to a plurality of trading floors repeatedly every T seconds, typically one second. This one second distribution period is divided into a plurality of time slots and each trading floor is randomly assigned to a slot. Data for a given trading floor is calculated and distributed during the time slot assigned to that floor. The position of a trading floor relative to others is varied by swapping a pair of adjacent time slots every J distribution periods. | 02-24-2011 |
20110047065 | System and Method for Modifying Trading Strategies Based on Message Usage - A system and method are provided for implementing an electronic exchange-based transaction message policy. One example method includes defining a message usage threshold to be used in relation to a client entity that utilizes one or more trading strategies and sends transaction messages to an electronic exchange. The method further includes dynamically monitoring the message usage at the client entity and comparing it to the defined message usage threshold. If the message usage exceeds the threshold limit, the method includes adjusting one or more trading strategies at the client entity in attempt to not violating the exchange-based transaction message policy. | 02-24-2011 |
20110047066 | SPECIAL MATURITY ASR RECALCULATED TIMING - An system for and method of repurchasing stock is presented. The system and method improve upon prior art techniques by limiting risk to an investment bank that enables an accelerated stock repurchase. More particularly, such risk is reduced in the event that the repurchasing company announces higher than expected dividends on the stock during the term of the accelerated repurchase transaction. | 02-24-2011 |
20110047067 | System and Method for Linking and Managing Linked Orders in an Electronic Trading Environment - A system and method for linking and managing linked orders are described. According to one method, a trader may first link two or more orders into a linked order, and then one or more parameters associated with one of the orders may be dynamically changed based on user inputs or information being received from an exchange. For example, a trader may link any two orders as an order cancel order, and each linked order may be associated with the same or different tradable objects, order quantities, and may be submitted to one or more exchanges. The order quantities may be then dynamically updated based on updates being received from the one or more exchanges and further based on a quantity ratio between the two orders. Further, the linked order may be submitted upon detecting a fill for another order. | 02-24-2011 |
20110047068 | ELECTRONIC SECURITIES MARKETPLACE HAVING INTEGRATION WITH ORDER MANAGEMENT SYSTEMS - An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities. | 02-24-2011 |
20110055067 | UTILIZING A TRIGGER ORDER WITH MULTIPLE COUNTERPARTIES IN IMPLIED MARKET TRADING - An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradeable combinations and advertises the availability of real and implied orders in the form of market data. Calculating tradeable combinations or cycles for certain strategies becomes complex. Strategies that utilize legs having different volume ratios may form tradeable combinations that will traverse a trigger order more than one time. | 03-03-2011 |
20110055068 | SYSTEM AND METHOD FOR MANAGING INITIAL OR VARIATION MARGIN VIA CUSTODY - In various embodiments, a computerized system and method manages custody and mitigates counterparty credit risk exposure associated with a trade of a financial instrument. A custodian computer system is established that receives an initial margin payment from a pledgor and electronically posts the initial margin payment in a custody account record maintained in the database. A control agreement is established between the pledgor and a secured party with agreement details stored in the database. The dual-custody control agreement gives control of the custody account to the pledgor if the secured party defaults on trade obligations, and gives control of the custody account to the secured party if the pledgor defaults on trade obligations. During the life of the trade, the custodian may invest a current margin deposit in the custody account directly through the network into one or more investment vehicles to achieve a greater return. | 03-03-2011 |
20110055069 | System and Method for Determining Implied Market Information - Implied prices and their quantities are computed. Markets are characterized by exhaustively computing one or more combinations of other related markets. Each combination when summed in a particular way results in the market under consideration. In a described embodiment, the number of market combinations found is an exhaustive list of market combinations such that the market under consideration can be fully and completely characterized, such that each combination provides implied market information about the market under consideration. Implied market information can include implied prices and their quantities, which are computed for each combination and used accordingly in displays or used by automated or semi-automated trading tools. | 03-03-2011 |
20110055070 | SYSTEM AND METHOD FOR SPECTRUM MANAGMENT - Transferring spectrum use rights may include ascertaining information regarding available spectrum for use in wireless communications. A request for spectrum use from a spectrum user system may be matched with available spectrum. A spectrum certificate may be issued to the spectrum user system, where the spectrum certificate contains at least one spectrum-related variable under which the spectrum user system is to engage in wireless communications. | 03-03-2011 |
20110060674 | COMPUTER-IMPLEMENTED GLOBAL CURRENCY DETERMINATION - Embodiments of the present invention are directed at least in part to a computer-implemented method for determining the value of a global currency. Data indicative of a Gross Domestic Product (GDP) value of each of a plurality of countries is used to select a plurality of countries on the basis of a predetermined criterion, and then relative weightings of the selected countries are evaluated on the basis of their respective GDP values. The global currency is evaluated by combining the evaluated relative weightings with currency values associated with the selected countries. | 03-10-2011 |
20110060675 | COMPOUND REDEMPTION DEVICE - The present invention provides methods and apparatus one or more of: creating, issuing and redeeming Compound Redeemable Instruments. Apparatus can include a computerized system with executable software that is executable upon demand to process Redemption Instances as well as create and issue Compound Redeemable Instruments. | 03-10-2011 |
20110060676 | System and method for structuring, trading, and processing differential funds - A system and method is provided for structuring, and recording and processing information and data flow necessary to effect trades; creations; and redemptions of shares of, a differential fund. A differential fund comprises an underlying index or basket of securities, commodities, or other assets, with share classes equivalent to the number of and linked to components or sectors of the underlying. The system and method allocates dividends, distributions, or capital appreciation owing each class by weighting a predetermined financial indicator of each component to each other and then applying distributions or appreciation owed to the whole fund to individual classes based on the indicator weighting. Shares trade freely at a market premium over the net-asset value or market price of the fund. Because each share is backed by the entire underlying, the net-asset value or market price of the underlying establishes a natural lower-bound in the price of a share. | 03-10-2011 |
20110060677 | QUOTE AND ORDER ENTRY INTERFACE - A graphical user interface centralizes Level I quote information in the center of a circular display while Level II (or regional) data appears in peripheral bands layered on the outside of the Level I information. The interface is also split into two main sections, a “bid” quote information section and an “ask” quote information section. The bid quote information appears on the left of the interface while the ask quote information appears on the right side of the interface. Through clicking in any one of the peripheral bands, an order can be placed at that price point. | 03-10-2011 |
20110060678 | METHOD AND SYSTEM FOR ADMINISTERING A DISCOUNTED SECURITY - An exchangeable security, tradable on a securities exchange is issued at a share price that is a discount from the share price of an underlying security or basket of underlying securities. At or prior to maturity of the exchangeable security, a holder of the exchangeable security may exchange a share of the exchangeable security for a share of the underlying security or basket of underlying securities. The exchangeable security may also include a linked payment that is redeemable for the full amount of the payment on maturity of the exchangeable security. Alternatively, the exchangeable security may be issued at the share price of the underlying security with the linked payment. The invention provides methods for issue, trade and redemption as well as systems for issue, trade and redemption of the security. | 03-10-2011 |
20110060679 | METHOD AND SYSTEM FOR ADMINISTERING A DISCOUNTED SECURITY - An exchangeable security, tradable on a securities exchange is issued at a share price that is a discount from the share price of an underlying security or basket of underlying securities. At or prior to maturity of the exchangeable security, a holder of the exchangeable security may exchange a share of the exchangeable security for a share of the underlying security or basket of underlying securities. The exchangeable security may also include a linked payment that is redeemable for the full amount of the payment on maturity of the exchangeable security. Alternatively, the exchangeable security may be issued at the share price of the underlying security with the linked payment. The invention provides methods for issue, trade and redemption as well as systems for issue, trade and redemption of the security. | 03-10-2011 |
20110060680 | SYSTEM AND METHOD FOR MANAGING TRADING USING ALERT MESSAGES FOR OUTLYING TRADING ORDERS - According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by determining whether the particular trading order differs from at least one comparison price by more than a threshold value. If it is determined that the particular trading is an outlying trading order, a restrictive action is taken regarding the outlying trading order. For example, if a trader subsequently submits another trading order that would trade with the outlying trading order, an alert message may be sent to the trader and the subsequent trading order may be prevented from trading with the outlying trading order at least temporarily. | 03-10-2011 |
20110060681 | SYSTEMS AND METHODS FOR LINKING ORDERS IN ELECTRONIC TRADING SYSTEMS - Systems and methods for linking orders in electronic trading systems are provided. These systems and methods enable a trader to select two or more items that are to be linked and specify linking parameters for those items. Any desired set of items may be linked, and the linking parameters may include price adjustments, order sequencing instructions, automatic/manual execution controls, execution delays commands, and update frequency limits. Upon detecting a bid or offer for a linked item, the systems and methods may then determine a size and a price for each linked item based upon the size and the price of the bid or offer for the first linked item. In this way, the sizes and the prices for the other linked items may be propagated from the size and the price for the first item. Once the size and the price for each item is determined, the systems and methods may submit orders for the items in accordance with the linking parameters. In the case where orders for linked items may only be submitted in designated lot sizes, the systems and methods may round the sizes of the orders to the designated lot sizes, and then submit remainder orders to make up for the rounding. | 03-10-2011 |
20110060682 | SYSTEMS AND METHODS FOR LINKING ORDERS IN ELECTRONIC TRADING SYSTEMS - Systems and methods for linking orders in electronic trading systems are provided. These systems and methods enable a trader to select two or more items that are to be linked and specify linking parameters for those items. Any desired set of items may be linked, and the linking parameters may include price adjustments, order sequencing instructions, automatic/manual execution controls, execution delays commands, and update frequency limits. Upon detecting a bid or offer for a linked item, the systems and methods may then determine a size and a price for each linked item based upon the size and the price of the bid or offer for the first linked item. In this way, the sizes and the prices for the other linked items may be propagated from the size and the price for the first item. Once the size and the price for each item is determined, the systems and methods may submit orders for the items in accordance with the linking parameters. In the case where orders for linked items may only be submitted in designated lot sizes, the systems and methods may round the sizes of the orders to the designated lot sizes, and then submit remainder orders to make up for the rounding. | 03-10-2011 |
20110066535 | CREDIT DEFAULT SWAP CLEARING - An electronic trading system is configured to trade credit default swap (CDS) futures contracts on an open exchange. The CDS futures contract allows the buyer and seller isolate and trade the credit risk of a third party. The third pay may be a corporation, sovereign government, or any entity that issues bonds or notes. The CDS futures contract seller effectively pays the premium over time in increments determined by market rates and through the natural operation of the open market. The CDS futures contract buyer makes a contingency payment if the CDS futures contract goes in-the-money (ITM). Both sides of the contract are guaranteed by the exchange as a counterparty. | 03-17-2011 |
20110066536 | RATIO SPREADS FOR CONTRACTS OF DIFFERENT SIZES IN IMPLIED MARKET TRADING - A method for matching orders is provided. The method includes receiving a first order for a product, the first order specifying a first volume, receiving a second order for the product, the second order specifying a second volume, wherein the first volume is different than the second volume, generating an implied order based on a ratio spread defined between the first order and the second order, and matching a third order with the implied order. | 03-17-2011 |
20110066537 | IMPLIED VOLUME ANALYZER - A volume analyzer is provided. The volume analyzer includes an input, a processor, and an output. The input is operable to receive market data and a calculation policy. The processor is coupled with the input. The processor is operable to identify an available implied pattern based on the market data and the calculation policy. The available implied pattern has not been calculated by a match engine. The output is coupled with the processor. The processor is operable to provide the available implied pattern to the output. | 03-17-2011 |
20110066538 | Accelerated Trade Matching Using Speculative Parallel Processing - An electronic trading system is configured to create speculative orders based on real orders. The speculative order differs from the real order by the price, quantity, or the type of financial instrument. The match engine chooses one or more speculative orders in an attempt to predict the next real order. Even though processing multiple trades at the same time is impossible, the use of speculative orders can permit the match engine to perform the calculations involved with the trade and generate the messages associated with the trade ahead of time. If the prediction was correct and the next order received by the match engine corresponds to one of the speculative orders, some of the matching activity has already been performed. This in effect, allows the match engine to process trades more efficiently and increases the total trading volume that can be handled by the electronic trading system. | 03-17-2011 |
20110066539 | Method and System For Enhancing The Efficiency Of A Digitally Communicated Data Exchange - The present invention relates to a method for enhancing the efficiency of digitally communicated data exchanges and to a computer system that implements such a method. The invention particularly concerns the use of adaptive custom compression techniques, binary integers (“bits”), massively parallel processing, database optimization techniques and/or calculation optimization techniques to achieve such enhanced efficiency. The invention is applicable to any digitally communicated data exchange, but is particularly applicable to exchanges of financial information such as financial market buy/sell orders, market making, etc. | 03-17-2011 |
20110066540 | Methods, Software, and Systems for Over-the-Counter Trading - Methods, software, and hardware are disclosed for providing verified real time price quotes in an over-the-counter financial market. Systems are described that can comprise methods, software, and/or hardware to provide verified real time price information for securities traded over-the-counter. Verification methods of the invention include identifying suspect source data, wherein the suspect source data includes information about the price of a security, verifying the suspect source data, and displaying to a user a verified price quote of a security traded in an over-the-counter market to a user. The verification methods of the invention include using hash functions and hash tables to process suspect source data, wherein the hashing allows for confidential processing while at the same time maintaining the ability to match a price quote to the source of the price quote. | 03-17-2011 |
20110066541 | Opening Cross in Electronic Market - A method, executed in a computer system, for opening an electronic market for trading of a security is described. The method includes receiving by the computer system eligible orders and quotes for the security traded in the electronic market and disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the open of trading. The method also includes determining by the computer system a price or prices at which the maximum shares would be executed and determining which price would minimize any imbalance of eligible orders and executing at least some of the eligible orders at the determined opening price. | 03-17-2011 |
20110066542 | SYSTEM AND METHOD FOR MANAGING RISK ASSOCIATED WITH PRODUCT TRANSACTIONS - A method of managing trading orders is provided. The method includes receiving a request to place a first order to trade a first product, the request being made using an account having one or more current balances. The method further includes determining a risk value for the first order based at least in part on the first product. The method further includes determining whether to approve the first order based at least in part on the risk value determined for the first order and one or more of the current balances for the account, and if the first order is approved, placing the first order. | 03-17-2011 |
20110066543 | SYSTEMS AND METHODS FOR LINKING ORDERS IN ELECTRONIC TRADING SYSTEMS - Systems and methods for linking orders in electronic trading systems are provided. These systems and methods enable a trader to select two or more items that are to be linked and specify linking parameters for those items. Any desired set of items may be linked, and the linking parameters may include price adjustments, order sequencing instructions, automatic/manual execution controls, execution delays commands, and update frequency limits. Upon detecting a bid or offer for a linked item, the systems and methods may then determine a size and a price for each linked item based upon the size and the price of the bid or offer for the first linked item. In this way, the sizes and the prices for the other linked items may be propagated from the size and the price for the first item. Once the size and the price for each item is determined, the systems and methods may submit orders for the items in accordance with the linking parameters. In the case where orders for linked items may only be submitted in designated lot sizes, the systems and methods may round the sizes of the orders to the designated lot sizes, and then submit remainder orders to make up for the rounding. | 03-17-2011 |
20110066544 | SYSTEMS AND METHODS FOR PROVIDING INVESTMENT OPPORTUNITIES - The invention relates to methods and systems for providing investment competitions. In one aspect, trading algorithms that automatically generate trading instructions in response to market data are developed by and received from a distributed plurality of independent trading algorithm developers. The algorithms are periodically executed against market data and generate trading instructions, which, based on an association of investment accounts with the trading algorithms, initiate correlative trades in the investments accounts. | 03-17-2011 |
20110066545 | AGED TRANSACTIONS IN A TRADING SYSTEM - A method and system for aging orders, increasing securities market liquidity. | 03-17-2011 |
20110071935 | System and method for facilitating trading of financial instruments - A system and method for facilitating trading of financial instruments. According to one embodiment, an application receives an indication of interest to trade a financial instrument by a first party, provides the indication of interest to other parties without disclosing a side of trade, receives an offer to trade the financial instrument by a second party based on the provided indication of interest, a side of trade being associated with the offer by the second party but not disclosed to the first party, and receives either a rejection or an acceptance of the second party's offer by the first party. | 03-24-2011 |
20110071936 | EXCHANGE TRADING SYSTEM AND METHOD HAVING A VARIABLE MAKER-TAKER MODEL - A method is described for providing one of a plurality of maker-taker pricing models to a system connected with the exchange system. The method includes the steps of an exchange server receiving from a first market participant of the exchange a marked order at the exchange connected to a database, the marked order marked with an indication of an expected rebate amount for trading orders; associating the marked order with an order from a second market participant of the exchange stored in a database configured to receive and store orders having varying rebate amounts according to the expected rebate amount; and executing the marked order according to the indication of an expected rebate amount. An exchange system for accessing at least one maker-taker pricing model for executing a trade on an exchange is also disclosed. | 03-24-2011 |
20110071937 | TRADING ORDER ROUTING - An apparatus for routing trading orders comprises a memory and a processor. The memory stores first trading information associated with a first buy order placed with a first market center. The first buy order is associated with a product and the first trading information comprises a disclosed quantity of the product and a reserved quantity of the product. The memory also stores second trading information associated with a second buy order placed with a second market center. The second buy order is associated with the product and the second trading information comprises a disclosed quantity of the product and a reserved quantity of the product. The processor is coupled to the memory and receives a sell order associated with a quantity of the product. The processor further cancels at least a portion of the second buy order placed with the second market center for placement with the first market center. The canceled portion of the second buy order is determined based at least in part upon the second trading information. The processor further routes at least one additional sell order to the first market center having a quantity that is based upon at least one of the first trading information and the canceled portion of the second buy order. | 03-24-2011 |
20110071938 | METHOD AND SYSTEM FOR CREATING AN EQUITY EXCHANGE FUND FOR PUBLIC AND PRIVATE ENTITIES - A method and system for creating an equity exchange fund for public and private entities are provided. The method includes the steps of receiving an application to participate in the fund from at least one investor, the investor having a position in at least one commercial entity; evaluating the entity based on at least one predetermined criteria; if the entity is acceptable, performing a valuation of the position in the entity; and determining a number of shares of the fund to be exchanged for the position in the entity. The determining the number of shares step includes determining a future value of the position at a scheduled date of liquidation of the fund; dividing the future value of the position by a total current fund value plus the future value of the position to determine a ratio; and multiplying a number of shares of the fund by the ratio. | 03-24-2011 |
20110078064 | System and Method for Using Order Modifiers in Relation to Trading Strategies - A quantity modifier and a price modifier are provided for a spread trading strategy having a desired spread price and a desired spread quantity. According to an example embodiment, a quantity modifier divides the desired spread quantity into a plurality of disclosed spread quantities. Once the disclosed quantities are determined, a plurality of disclosed spread orders having the disclosed spread quantities are sequentially submitted to the market until the full desired spread order quantity is executed or until a predefined condition is detected. A price modifier determines a price level for each disclosed spread quantity, such that each disclosed spread order may be submitted at a different price level. | 03-31-2011 |
20110078065 | SYSTEM FOR VOLUME-WEIGHTED AVERAGE PRICE TRADING - Systems, methods, and mediums storing programs for trading financial assets. The method can include receiving a first order specifying a first quantity of financial assets to be traded according to a volume-weighted average price for a trading session and executing the first order during the trading session through algorithmic or traditional trading of the first quantity of financial assets on an exchange. The method can also include creating a second order specifying the first quantity of financial assets to be traded according to a volume-weighted average price measured from a moment of cross to an end of the trading session and exposing the second order to a non-exchange crossing pool concurrently with the execution of the first order. The crossing pool can include multiple orders. The method can include continuously determining whether any of the plurality of orders in the crossing pool can be crossed with the second order. | 03-31-2011 |
20110078066 | CONSOLIDATED SALES, MARKETING, AND CUSTOMER SUPPORT SYSTEM FOR FINANCIAL PRODUCTS - A method includes accepting financial product information through a provider computer; accepting advisor information and client information; allowing access to a portion of the financial product information, based on the client information, through a client computer; allowing access to another portion of the financial product information not accessible through the client computer, based on the advisor information, through an advisor computer; and tracking and reporting the advisor information and the client information through metrics. | 03-31-2011 |
20110078067 | Method and system configured for facilitating management of international trade receivables transactions - A receivables transaction management platform is configured for facilitating management of international trade receivables transactions. The platform includes a task manager layer and a platform functionality layer. The task manager layer is configured for facilitating management of transaction information workflow tasks and export receivables to tasks. The platform functionality layer is accessible by at least a portion of the managers and is configured for enabling facilitation of the transaction information workflow tasks and the export receivables tasks. Managing the transaction information workflow tasks and export receivables tasks includes facilitating preparation of a document and data portfolio required for settlement of an international trade receivables transaction, facilitating electronic submission of the document and data portfolio to a designated recipient and facilitating acceptance of the document and data portfolio. The platform functional components are configured for enabling user workflow functionality, data mapping functionality, data analysis functionality, data storage functionality and third party access functionality. | 03-31-2011 |
20110078068 | SYSTEM AND METHOD FOR TIMED ORDER ENTRY AND MODIFICATION - A system and method for defining and processing timed orders are defined. According to one embodiment, a trader may define a timed order by defining an intra-day time trigger or a time period when the timed order should be automatically modified, such as deleted or cancelled/replaced with a new order. In one embodiment, the intra-day time trigger or time period may be dynamically changed to a later time, for example, upon receiving a predetermined user input. Also, the time trigger and time period may be configured to dynamically vary based on any user configurable formula. Also, the timed order may be associated with one or more actions to be taken once the order is deleted, such as sending a new order, for example. | 03-31-2011 |
20110078069 | SYSTEM AND METHOD FOR MANAGING TRADING ORDERS WITH DECAYING RESERVES - A system comprises a memory operable to store a trading order for a particular quantity of a trading product, wherein a first portion of the particular quantity is a displayed quantity and a second portion of the particular quantity is a reserved quantity. The system further comprises a processor communicatively coupled to the memory and operable to disclose the displayed quantity to one or more market centers. The processor is further operable to identify a decay rate associated with the trading order. The processor is further operable to cause the reserved quantity to decay based at least in part on the identified decay rate. | 03-31-2011 |
20110078070 | BUNDLED FINANCIAL INSTRUMENTS - Networks, systems and methods that match orders for bundled financial instruments are disclosed. In one example, the bundled financial instrument includes packaged underlying financial instruments that together provide an economic equivalent exposure to a long-term investment vehicle. The bundled financial instrument may include any set of contracts considered a linear combination of a plurality of standardized contracts associated with an obligation to exchange an asset at a set price on a future date. An open position for the bundled financial instrument is a function of the prices for each of the standardized contracts of the bundle and remains open from execution of the order to the earlier of a maturity of the bundled financial instrument, a conversion of the bundled financial instrument into constituent parts of the linear combination of a plurality of standardized contracts, or in the case where the bundled instrument is fractional size contract, when multiple bundles are converted to a single position of a corresponding full-sized instrument. | 03-31-2011 |
20110082783 | EXCHANGE TRADED AND MANAGED SOVEREIGN DEBT - A method of trading sovereign debt on an electronic trading exchange is disclosed. The method includes receiving financial parameters associated with a plurality of debt instruments offered by a sovereign entity, wherein the financial parameters include at least a maturity, a coupon and a rating, organizing the plurality of debt instruments according to their maturity and rating to define one or more debt instrument groups, defining a standardized financial product associated with each coupon in the one or more debt instrument groups, listing each standardized financial product on the an electronic trading exchange, and matching at least one of the standardized financial products with an order received at the electronic trading exchange. | 04-07-2011 |
20110082784 | Reprice-to-block order - A reprice-to-block order and related market center and process are disclosed which automatically reprice a posted limit order to the price of a block trade executed at an inferior price on a market away from the market center that posted the limit order. | 04-07-2011 |
20110082785 | Content delivery network service provider (CDNSP)-managed content delivery network (CDN) for network service provider (NSP) - A CDN service provider shares its CDN infrastructure with a network to enable a network service provider (NSP) to offer a private-labeled network content delivery network (NCDN or “private CDN”) to participating content providers. The CDNSP preferably provides the hardware, software and services required to build, deploy, operate and manage the CDN for the NCDN customer. Thus, the NCDN customer has access to and can make available to participating content providers one or more of the content delivery services (e.g., HTTP delivery, streaming media delivery, application delivery, and the like) available from the global CDN without having to provide the large capital investment, R&D expense and labor necessary to successfully deploy and operate the network itself. Rather, the global CDN service provider simply operates the private CDN for the network as a managed service. | 04-07-2011 |
20110082786 | HEDGING RISKS ASSOCIATED WITH VARIABLE PRICED ORDERS FOR DERIVATIVE FINANCIAL PRODUCTS - Systems and methods are provided for executing a hedge transaction in connection with the execution of a derivative product order in which the price of the derivative product is defined by one or more variables. The hedge transaction may be executed at an exchange or match engine that is different from the exchange or match engine executing the derivative product order. The execution of derivative product transaction may be contingent on the existence of an appropriate hedge transaction. Alternatively, a best efforts approach may be used to fill the hedge transaction order after executing the derivative product transaction. | 04-07-2011 |
20110082787 | Volume Control For Mass Quote Messages - Systems and methods are provided for processing mass quote messages and generating market data. A mass quote message is received and individual orders are parsed and processed. Individual market data messages are stored in a market data message buffer. After all orders are processed, the contents of the market data message buffer is distributed as a single market data message. | 04-07-2011 |
20110087577 | COMPUTER-IMPLEMENTED SYSTEM AND METHOD FOR REAL ESTATE COLLATERALIZED PRIVATE PARTY LOAN TRANSACTIONS - A computer-implemented system for real estate collateralized private party loan transactions comprising a database of custom property profiles that are posted by borrowers seeking to obtain financing. Each custom property profile comprises desired loan amount, type of financing sought by the borrower, purpose of the loan, and designated title company and closing agent. The system allows posting borrowers to upload photos and documents in connection with their custom property profiles and lenders to bid on custom property profiles by offering to make loans based on terms set by the lender. A lender may offer to make a loan on more than one custom property profile at a time, and if a borrower accepts an offer made by a lender, the system automatically suspends all other unexpired offers made by the lender. The lender may reactivate a loan offer that has been suspended. A method of implementing the above system. | 04-14-2011 |
20110087578 | SYSTEM AND METHOD FOR CARBON CREDIT TRADING - A computer-implemented system, method, and computer-readable medium for creating and trading securitized environmental offset credits in a registered securities exchange includes providing a processor, memory device, at least one user interface, and a network connection arranged in an online trading platform; registering, in a database in the memory device and via the network connection, one or more environmental offset credits to respective owners thereof; requesting, via the network, equitization of at least a portion of the one or more environmental offset credits by a securities regulator; applying a unique identifier supplied by the securities regulator to the equitized one or more environmental offset credits; and assigning custody of each of the equitized one or more environmental offset credits to a custodian and storing the custodian assignment in the database. | 04-14-2011 |
20110087579 | LEG PRICER - An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. The tradable combinations may include spread orders where one leg of the spread has a different tick size than the other or where the tick of the spread contract is different from the tick size in one or both legs. A method and system for calculating on-tick leg prices in an equitable and predictable manner is provided. | 04-14-2011 |
20110087580 | ELECTRONIC CREDIT DEFAULT FUTURES MARKET - Systems and methods are provided for providing a credit default futures market. A system providing the credit default futures market includes a processor, memory and an interface. The interface is configured to display credit default futures contracts that subscribe to a set of standard terms and conditions. The processor is configured to settle certain credit futures contracts in kind and other in cash, depending on, at least in part, the maturity date of the futures contract. A method is presented for electronically clearing and settling probability of default futures contracts. | 04-14-2011 |
20110087581 | METHOD OF BUYING OR SELLING ITEMS AND A USER INTERFACE TO FACILITATE THE SAME - A method of buying or selling items having at least one market and its associated processes are disclosed. The method includes the steps of, under control of a client system, displaying information identifying at least one item and a bid and/or ask price for the item in the market; and specifying transaction conditions based on a user directed position of a moveable icon, where the transaction conditions are related to the buying or selling of the identified item in the active market. Then, in response to an action of the user sending a user transaction request at the transaction conditions displayed at the time of said action, facilitating financial transactions for the user in accordance with the transaction conditions to complete the transaction. In this manner, the item may be bought or sold by the user at the transaction conditions specified. A user interface to facilitate this method is also disclosed. A quantity recommendation system to facilitate the quantity decision of a financial transaction is further disclosed. | 04-14-2011 |
20110087582 | METHOD AND SYSTEM FOR FACILITATING INTERNATIONAL SECURITIES TRADING - A method and a system for facilitating international securities trading include receiving market data specified in the local currency of a market center. The system includes a central platform that provides foreign executable currency quotes, which can be used to convert the market center's central limit order book into multiple foreign currencies. Orders specified in a foreign currency are converted to the local currency and placed with the market center. When two orders are matched, the system handles execution of a foreign exchange (FX) portion of the order based on the best FX quote provided by an FX liquidity provider, locked in at the time of receipt of the order. | 04-14-2011 |
20110087583 | THROTTLING SYSTEM AND METHOD FOR ENABLING AUTOMATED LIQUIDITY MANAGEMENT IN FINANCIAL MARKETS - A system and method are provided to enable automated liquidity management in a financial assets market, the system including a financial data warehouse layer; a pricing engine layer; an execution layer; and a market making layer, wherein the system is adapted to automatically throttle transactions by a market maker when a selected liquidity level has been reached. | 04-14-2011 |
20110087584 | DISTRIBUTED TRADING BUS ARCHITECTURE - A distributed trading system for handling a plurality of order requests, each order request comprising parameters under which a participant will buy and/or sell a futures contract. A validator component is coupled to a messaging bus and has a first interface for receiving order request and an interface generating a validated order message on the messaging bus related to validated orders, wherein the validator implements processes for validating the order requests. A risk allocation value (RAV) component is coupled to the messaging bus and has an interface for receiving validated order messages from the validator, wherein the RAV component implements processes for evaluating risk associated with an order should that order be completed. A match engine is coupled to the messaging bus and has an interface for receiving validated order messages from the RAV component, wherein the match engine implements processes for matching orders based on the order-specified criteria. A persist component is coupled to the messaging bus and has an interface for receiving messages related to orders and trades, wherein the persist component implements processes for persistently storing information related to orders and trades. | 04-14-2011 |
20110087585 | System and Method for Estimating Order Position - A system and method for providing order queue position information are disclosed. In this application, market updates are received for a tradeable object from at least one exchange. To the extent that the market updates do not include enough details to compute the queue position of a trader's working orders, estimation may be used. As a result, an order queue is generated to approximate a trader's order position in an exchange price order queue. An interface may be used to display the generated order queue estimation to the trader which provides valuable trading information. | 04-14-2011 |
20110087586 | NOVEL SHORT-TERM OPTION TRADING SYSTEM - Option contracts are traded by valuing an option that has at least one of a) strike price or b) expiration time unknown at the time the option is valued. The previously unknown values of the option are assigned at the time or after the time the trade is completed. An implied underlying price stream is generated from the option prices through the use of feed back between market participants and the marketplace. The resulting system is useful in trading option contracts of short time duration. | 04-14-2011 |
20110087587 | SYSTEM AND METHOD FOR IMPLEMENTING PUSH TECHNOLOGY IN A WIRELESS FINANCIAL TRANSACTION - A method for executing a trade is provided that includes communicating financial information to a handheld device via a network, the financial information being associated with a trade that can be initiated by the handheld device. The handheld device is connected to the network via a Push to Trade™ protocol. The method also includes executing the trade on behalf of the end user. | 04-14-2011 |
20110093374 | Systems and Methods of an Interface for use in Electronic Trading - Various systems and methods for presenting and interacting with electronic trading related information on a display screen of a computer system are provided. According to one or more embodiments, buttons are positioned and compressed along an axis, where each button corresponds to a function. A button can be selected through an action of a user input device. A button is removed from the region when a function corresponding to the button is no longer current and when the cursor is not positioned within the region. The remaining buttons, if any, in the region are compressed subsequent to removing the button from the region. A button is not removed from the region when the cursor is positioned within the region. | 04-21-2011 |
20110093375 | System and method for supporting a bidding procedure in an electronic network - A system for implementing an information distribution network includes an information service that is configured to provide information distribution services through the information distribution network. User devices are utilized by device users to communicate with the information service for receiving the information distribution services. Transport structures are implemented for communicating with various network entities in the information distribution network. The transport structures collect appropriate metadata for providing selected information from the information service to targeted ones of the device users. A bid marketplace is provided for advertisers to utilize for participating in a bidding procedure for obtaining acquisition rights to the metadata. | 04-21-2011 |
20110093376 | Combinatorial portfolio aggregations electronic trade - A method for combinatorial portfolio aggregations in electronic trade transactions , in one example embodiment, comprises receiving data associated with an offer for possession of at least one part of an item for a period of time, receiving further data associated with at least one further offer for possession of the at least one part of the item for at least one further period of time, the time period and the at least one further period of time being non-concurrent, selectively aggregating the offer with the at least one further offer into a portfolio offer for the at least one part of the item, and based on predetermined criteria, determining that the portfolio offer is a winning portfolio offer. | 04-21-2011 |
20110093377 | Systems and Computer Program Products for Exchanging an Obligation - Methods and apparatus which deal with the management of risk relating to specified, yet unknown, future events are disclosed. | 04-21-2011 |
20110093378 | User-Defined Algorithm Electronic Trading - Certain embodiments reduce the risks of traditionally programmed algorithms such as syntax errors, unclear logic, and the need for a non-trader programmer to develop the algorithm as specified by a trader by reducing or eliminating the writing of programming code by a user. Certain embodiments provide building block buttons and an algorithm area to define an algorithm. Certain embodiments provide live evaluation of an expression as the algorithm is being defined. Certain embodiments provide a design canvas area and blocks for designing an algorithm. Certain embodiments provide live feedback for blocks as the algorithm is being designed. Certain embodiments provide for initiating placement of an order to be managed by a selected user-defined trading algorithm from a value axis and for displaying working orders being managed by different user-defined trading algorithms on the value axis. Certain embodiments provide a ranking tool. | 04-21-2011 |
20110093379 | Virtualizing for User-Defined Algorithm Electronic Trading - Certain embodiments reduce the risks of traditionally programmed algorithms such as syntax errors, unclear logic, and the need for a non-trader programmer to develop the algorithm as specified by a trader by reducing or eliminating the writing of programming code by a user. Certain embodiments provide a design canvas area and blocks for designing an algorithm. Certain embodiments provide for grouping blocks placed in the design canvas area. Certain embodiments provide for virtualized group blocks enabling dynamic instantiation of portions of an algorithm to handle particular discrete events. Certain embodiments provide for operation of some or all portions of an algorithm when a connection between a client device and an algorithm server is broken. | 04-21-2011 |
20110093380 | METHOD AND SYSTEM FOR IDENTIFYING HIGH PROBABILITY TRADE MATCHES - Methods and Systems for routing an indication of interest message are provided in which one or more external trade messaging systems are monitored to discover and collect information related to a trading posture of a plurality of trading counterparties. The information related to the trading posture of the plurality of trading counterparties is stored in a database and accessed, upon receipt of an indication of interest message to intelligently route the indication of interest message to at least one of the plurality of trading counterparties based at least in part on the information regarding the trading posture of the plurality of trading counterparties stored in the database. | 04-21-2011 |
20110093381 | SYSTEM AND METHOD FOR PROVIDING MARKET UPDATES IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for modifying how market updates are provided in an electronic trading environment upon detecting one or more triggering events. One example method includes defining an event to be used to trigger modification of how market updates are provided to a client entity, receiving a market update from an electronic exchange, and, when the event is detected, modifying how the market update is provided to the client entity. As an example, the modification of how the market update is provided to the client entity may include providing less data in relation to market updates, and sending the market updates less frequently. | 04-21-2011 |
20110099100 | ROUTE SEARCHING APPARATUS AND ROUTE SEARCHING METHOD - According to the present invention, at least one route that satisfies a route search condition received from an information processing terminal and information distributor identification information for identifying an information distributor is created, greenhouse gas emissions emitted when the route is used are calculated for each of the routes, a route search result including the route and the emissions are transmitted to the information processing terminal, a route selection request is received from the information processing terminal, the emissions are offset by subtracting emissions corresponding to the selected route from an amount of emission credits stored in a storage unit, corresponding to the information distributor identified by the information distributor identification information, and an offset result is transmitted to the information processing terminal. | 04-28-2011 |
20110106683 | Method and system for online sales and purchases - Internet-based commercial network connects multiple qualified participant buyers and sellers. Items are made available for defined periods of time, referred to as an event ( | 05-05-2011 |
20110106684 | CONTROLLING PRICE CASCADE MOVEMENTS IN AN ELECTRONIC TRADING SYSTEM - A disclosed system, method and computer readable storage medium includes mechanism for controlling cascade price movements in an electronic trading system. Price limits control the prices at which traders can place orders. An upper price limit prevents traders from placing orders above the upper limit and a lower price limit prevents traders from placing orders below the lower limit. The gap between the upper limit and the indicative market price as well as the gap between lower limit and the indicative market price is controlled so as to cause a breaking effect on very rapidly changing market price. | 05-05-2011 |
20110106685 | ISSUER-CONTROLLED MARKET PLATFORM AND SYSTEM FOR RESTRICTED HOLDINGS AND TRANSACTION MANAGEMENT - An online environment configured to manage restricted holdings issued by an issuer and restrict access to a membership authorized by the first issuer. Through this online environment, an issuer such as a private company can organize a controlled private marketplace environment to manage trading, tracking and administration of securities and other financial instruments held in the private company by shareholders and other investors and financing sources. | 05-05-2011 |
20110106686 | MANAGING QUOTES AT A TRADE CONSOLE - Multiple financial product quotes for a particular product are aggregated into a product unit display, providing for user configuration related to a display of the quotes. A first sort attribute and a second sort attribute are selected or configured to provide the user with a display that includes the financial product quotes in groupings according to the first sort attribute and in ordered lists according to the second sort attribute. When a financial product quote is received, the quote is grouped with other financial product quotes for the particular product according to a first sort attribute. Each grouping is then ordered according to a second sort attribute to provide the desired product unit display. Various sources may provide the quotes, and extra information to enrich the quotes may be provided. Various indicators may be used to highlight or emphasize certain types of information in the product unit display. | 05-05-2011 |
20110106687 | Method for Receiving Bids on an Energy-Savings and Energy Supply Portfolio - A computer-implemented method for determining an optimal award schedule for satisfaction of energy efficiency and energy supply requirements for a portfolio of one or more buildings. A first auction is conducted so as to receive over a computer network, from one or more prospective efficiency suppliers, a plurality of first bids for the provision of energy efficiency, each such first bid specifying an amount of energy saved and a cost. A computer is used to determine a schedule of remaining portfolio energy supply requirements that would remain after the provision of energy efficiency from at least a plurality of the first bids. A second auction is then run so as to receive over the computer network, from one or more prospective energy suppliers, one or more second bids for a plurality of the remaining portfolio energy supply requirements, each such second bid specifying a cost. A computer is then used to determine the lowest cost combination of a first bid and a second bid that satisfies the portfolio energy requirement. | 05-05-2011 |
20110106688 | Systems And Methods Of Conducting Financial Transactions - Systems and methods of conducting financial transactions are disclosed. For example, one disclosed method includes receiving a first price on a computer from a provider, the first price associated with an available volume of a financial instrument; associating the price with the provider in a computerized database of a plurality of providers; identifying a plurality of user-preferred providers in the computerized database associated with the first price; aggregating the available volume of the financial instrument offered for sale or required for purchase by the plurality of user-preferred providers on the computer; and causing the aggregated volume of the financial instrument to be displayed on a display in communication with the computer. | 05-05-2011 |
20110112951 | METHOD AND SYSTEM FOR LOCAL CURRENCY BACKED BY A VALUABLE ASSET - A local currency system and method are disclosed, the system and method providing for partially backing a local currency with a valuable asset. The currency system includes a local currency and a currency issuer. The currency issuer issues the local currency in an issuing exchange for legal tender, and purchases the valuable asset with at least a portion of the legal tender received in the issuing exchange. The valuable asset is held by the currency issuer, and can be sold by the currency issuer to cover a redemption exchange where the currency issuer receives the local currency and disburses the legal tender. The currency issuer can include one or more automated teller machines configured to perform the issuing and redemption exchanges. The currency issuer can have a computer system with a database configured to track the issuing and redemption exchanges, and regulate purchasing and selling of the valuable asset. | 05-12-2011 |
20110112952 | METHOD AND APPARATUS OF DISPLAYING MARKET DEPTH AND OTHER INFORMATION ON A MOBILE PHONE, HANDHELD DEVICE OR COMPUTER SYSTEM - An exemplary system according to the present disclosure comprises a server system (comprising one or more computing devices) that is in communication with one or more financial exchange systems and one or more data source computer devices (e.g., news sources). Also in communication with the server system are one or more mobile communication devices. The server system comprises a memory and a processor executing software that enables the server system to receive live market data and information from one or more of the financial exchange systems and the data source computer devices; aggregate and filter the data and information; according to one or more pre-set user preferences and/or one or more user-initiated commands; and transmit the aggregated/filtered data and information to one or more mobile communication devices via one or more live data feeds. The mobile communication device displays aggregated/filtered information in a single, interactive GUI. | 05-12-2011 |
20110112953 | SYSTEM FOR CONTINUOUSLY OFFERED GUARANTEED FUND HAVING DYNAMICALLY ADJUSTED GUARANTEE LEVEL AND FULL AND PERMANENT ALLOCATION TO RISKY MARKET INVESTMENTS - A system has a guarantee valuation engine that configures a processor with code and enables a continuously offered fund to give effect to a guaranteed return while being always fully invested in traditional assets that correlate to a benchmark. In part, the system has a guarantee that is re-priced on a daily basis with that repricing being included in the reported NAV of the fund. The system stores a high-watermark value of a closing price of a share and uses the valuation engine to determine whether the closing price of a share as of a current date is higher than the high-watermark value. In that event, the guaranteed return is reset to a higher guaranteed return and the database is updated to store the closing price as of the current date as the high-watermark value. | 05-12-2011 |
20110119170 | SYSTEM AND METHOD FOR PERFORMING AN OPENING AUCTION OF A DERIVATIVE - A computer system performs an opening auction of a derivative such as a financial futures. The computer system comprises an order maintenance module and an optimizing module. The order maintenance module maintains a plurality of order books for said derivative. The plurality of order books comprises a first set of order books and a second set of order books. Each order book of the first set of order books comprises bid and ask orders for a specific tradable series of the derivative. Each order book of the second set of order books comprises bid and ask orders for a specific combination of two tradable series of the derivative. Each bid and ask order is associated with an integer volume of tradable contracts of the derivative. The optimizing module maximizes a total volume of executed contracts using integer optimization to determine opening prices for the tradable series of the derivative. | 05-19-2011 |
20110119171 | IMPLIED VOLATILITY BASED PRICING AND RISK TOOL AND CONDITIONAL SUB-ORDER BOOKS - The Book Order Management (BOM) system provides a fully automated and efficient electronic trading environment for derivatives trading. The BOM system allows traders to electronically, in real time, both make two sided markets in any option or combination of options, and issue quotations for immediate use, so that the trader providing the quotation has the opportunity to re-evaluate and change markets if conditions change. The BOM system provides a way to efficiently determine whether the conditions placed on a contingent order are met and guaranteed, using a lock (freeze) and reserve procedure. | 05-19-2011 |
20110119172 | Methods and Systems for Market Clearance - In a marketplace, offers are processed that are intended to be associated with other offers in a pool. The offers specify conditions for acceptance. Improvable offers are received that are capable of being associated with offers having more favorable specifications than initial offers associated with the improvable offers. Nonimprovable offers that have more favorable specifications than initial offers associated with improvable offers are identified. The identified nonimprovable offers are associated with corresponding improvable offers. Straddles, which comprise a set of offers and a limit on the associations, may span multiple pools. Information about the marketplace may be obtained from data generated by the operation of the marketplace. | 05-19-2011 |
20110119173 | System and Method for Providing Intelligent Market Data Snapshots - Systems and methods are provided for processing and distributing market data. Critical data, such as data showing that a market price has changed is distributed without further delay. When the market data does not result in a change in a market price or does not meet another critical criteria, the market data is aggregated with market data for similar events and distributed when the aggregated market data passes a quantity threshold. | 05-19-2011 |
20110119174 | ORDER ENTRY IN AUTOMATED TRADING SYSTEMS - Quotes entered into an automated trading system may comprise a visible, or primary, amount, and a linked or hidden amount. The visible amount only is shown to other traders on the system but part or all of the linked amount may be dealt if the order with the quote is match is for an amount greater than the visible amount. If, after matching and deal confirmation, all the visible amount has been dealt, but some or all of the linked amount remains, a fresh order for the remaining linked amount is generated and submitted to the trading system for matching. The new quoted may be visible only or may have a visible component up to a limit specified by the maker on submission of the original quote, with the remainder being linked. Maker quotes converted to taker quotes by an auto-match routine may be resubmitted for undealt linked amounts in the same way. In one aspect of the invention, linked amounts are matched and dealt before visible amounts. | 05-19-2011 |
20110119175 | SYSTEM AND METHOD FOR DYNAMICALLY REGULATING ORDER ENTRY IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for trading a trading strategy defined for at least one tradeable object in an electronic trading environment. More specifically, one example method includes using a first pay-up tick value to determine a first acceptable price level for an order associated with the trading strategy, automatically modifying the first pay-up tick to a second pay-up tick value in response to detecting a predefined condition, and using the second pay-up tick value to determine a second acceptable price level for the order associated with the trading strategy. | 05-19-2011 |
20110119176 | Electronic Block Trading System and Method of Operation - A system and method are described and disclosed that are used for effecting large block trades of securities in an automated and anonymous matter in which fair pricing is carried out using features of the NBBO. The automated trading the system and method also will carry out negotiations to effect a trade in certain circumstances, though the preferred method of effecting trades is by automated trading. However, regardless of the trading method, anonymity of the trading counterparties is preserved. The system and method also tests the NBBO for each of the traded securities to ensure it is valid before an automated trade may take place. | 05-19-2011 |
20110125625 | Method and System for Multi-Enterprise Optimization Using Flexible Trade Contracts - A method of multi-enterprise optimization at a buyer computer includes accessing a forecasted demand for at least one item and generating one or more proposed flexible trade contracts using the forecasted demand for the item. The proposed flexible trade contract is communicated to a seller computer and subsequently executed after acceptance of the proposed flexible trade contract at the seller computer to create a flexible trade contract. Each proposed flexible trade contract may be a forward contract, an option contract, or a flexible forward contract. | 05-26-2011 |
20110125626 | SYSTEM AND METHOD FOR CREATING AND TRADING A DIGITAL DERIVATIVE INVESTMENT INSTRUMENT - A method and system for creating and trading an investment instrument based on an initial public offering of an entity is disclosed that allows investors to take risk positions relative to the occurrence or non-occurrence of a contingent binary event. The contingent binary event will have one of two possible outcomes. In a digital derivative contract, a long investor agrees to pay a short investor a contract amount in return for the short investor agreeing to pay the long investor one of two different settlement amounts depending on the outcome as the contingent binary event. Typically, one settlement amount will be zero and the other will be an amount greater than the digital derivative contract price. | 05-26-2011 |
20110125627 | SYSTEM AND METHOD FOR ROUTING TRADING ORDERS IN AN ELECTRONIC TRADING SYSTEM USING TRADER LISTS - A system for managing trading orders comprises a memory operable to store a trader list that is associated with a first trader and that designates one or more other traders. The system further comprises a processor communicatively coupled to the memory and operable to receive a trading order from the first trader. The processor is further operable to transmit the trading order to a plurality of traders, wherein the plurality of traders does not comprise any of the one or more designated traders from the trader list. The processor is further operable to prevent the transmission of the trading order to the one or more designated traders. | 05-26-2011 |
20110125628 | METHOD AND SYSTEM FOR AUTOMATED AUCTION AND TENDER OF COMPLEX MULTI-VARIABLE COMMODITIES - A system and method for the auction and tender of complex multi-variable commodities, which are defined as commodities having a plurality of characteristics with each characteristic's value contributing to the determination of the commodity price. The system and method are implemented using an exception handling process whereby a tender participant requests exceptions to the terms and conditions of the original tender. The original tender serves as the baseline tender all participants bid on. Exceptions are changes that are priced in addition to the baseline bid. The suggested auction and tender winners are determined based on their baseline bids. The winner can execute accepted exceptions for an additional fee. | 05-26-2011 |
20110125629 | METHOD AND APPARATUS FOR OFFERING, PRICING, AND SELLING SECURITIES OVER A NETWORK - The present invention relates to a system and method of offering, automatically pricing, preparing for sale, selling, and managing securities, such as municipal bonds, over a network, such as the Internet. The present invention also relates to a system and method for an on-line, one-stop and one-source platform for municipal borrowing, production of associated bond legal documents and offering materials, and satisfaction of continuing disclosure requirements. | 05-26-2011 |
20110125630 | Method and System for Displaying a Cursor on a Trading Screen - A method, system, and computer program products are provided for updating the location of a cursor in a display window on a trading screen when certain events occurs. In a preferred embodiment, as market conditions change, the market information may be rearranged on a screen. To reduce the chances of missing a market opportunity by sending orders or managing them, the cursor moves in association with the market information such that the cursor appears fixed to the market information until a user moves the pointer device. | 05-26-2011 |
20110125631 | System and Method for Improved Distribution of Market Information - A data distribution system and method are described herein to improve the distribution of market information to subscribing client devices. Market information updates are provided to subscribing devices over a communication link every time a change in the market occurs. If a bandwidth limitation is reached on the communication link, the preferred embodiments switch to a second mode of transmission such that the market information updates are provided only at predetermined intervals. The preferred embodiment monitors the bandwidth consumption to determine what mode of transmission to apply, and in response, it can dynamically change between modes of transmission. By dynamically adjusting the mode of transmission to comport with the current network bandwidth, the preferred embodiments may provide a network friendly, data intensive, and fast response market information feed. | 05-26-2011 |
20110131126 | Trade Management System For Reducing Securities Positions - A computer implemented method and system is provided for reducing the number of securities positions of multiple counterparties. Securities positions are acquired from the counterparties. A price is obtained for each of the acquired securities positions from each of the counterparties. A consensus price is created for each of the acquired securities positions based on the obtained price of each of the acquired securities positions. The created consensus price for each of the acquired securities positions is displayed to the counterparties. The counterparties perform acceptance or rejection of the created consensus price of each of the acquired securities positions. The acquired securities positions are allocated at the created consensus price to one or more counterparties who accept the consensus price, using a sorting algorithm. The number of securities positions of the counterparties is reduced by trading the allocated securities positions to the associated counterparties. | 06-02-2011 |
20110131127 | Distribution Of Financial Instruments Among Counterparties - A computer implemented method and system is provided for distributing aggregated financial instruments among counterparties. The counterparties' financial instrument positions are acquired along with risk measures. The financial instrument positions are weighted using the risk measures to obtain risk weighted positions. An aggregate risk is computed by aggregating the risk weighted positions of the financial instruments. A position risk is computed by aggregating the risk weighted positions of the counterparties. A financial instrument with highest aggregate risk is allocated to a counterparty with highest position risk based on predefined rules. The position risks are recomputed by aggregating the risk weighted positions modified due to the allocation. An unallocated financial instrument with highest aggregate risk is allocated to a counterparty with highest change in position risk after the recomputation. Recomputation of the position risk and allocation of the unallocated financial instruments are performed until the financial instruments are completely allocated. | 06-02-2011 |
20110131128 | METHOD AND MEANS FOR CONTROLLING PAYMENT SETUP - An electronic system with which consumers and businesses can automatically and electronically facilitate competition for financial transaction services that they purchase, and/or participate in bigger markets more transparently than they can currently. The system features a payment card, which is arranged to clear transactions with at least two accounts, which at least two accounts are arranged to be hosted by different financial service providers. The system also features a payment card reader, which is arranged to clear transactions with at least two accounts, which at least two accounts are arranged to be hosted by different financial service providers. The transaction computer server of the system is arranged to capture a competitive record of available bids that could have been accepted to complete the transaction from at least one the electronic market. | 06-02-2011 |
20110131129 | Tradable Investment Unit - A tradable investment unit is an inseparable combination of a predetermined quantity of a tradable security together with a put option contract for the predetermined quantity of the tradable security. The combination will specify the minimum price and thereby the maximum potential loss of the tradable investment unit to purchasers. The profit potential will be unlimited as the price of the tradable security increases above the cost of the tradable investment unit. | 06-02-2011 |
20110137784 | Medical Options Financial Product - One embodiment of a financial product comprising an expiring contract that guarantees the right to receive a cash settlement | 06-09-2011 |
20110137785 | MULTICOMPUTER DISTRIBUTED PROCESSING OF TRADING INFORMATION - A trading platform and trading method that may allow access to additional pools of liquidity is described. Other embodiments are also described. | 06-09-2011 |
20110137786 | MULTICOMPUTER DISTRIBUTED PROCESSING TECHNIQUES TO PREVENT INFORMATION LEAKAGE - A trading platform and trading method that may allow access to additional pools of liquidity is described. Other embodiments are also described. | 06-09-2011 |
20110137787 | TRADING SYSTEM AND METHOD - The present invention provides an on-line trading system and method for ordering and executing trades in financial markets, such as foreign exchange markets. The system and method permit account holders to automatically trade in one or more markets based on recommendations provided by signal providers, without the need for the account holders to make decisions about each trade to be made. A database of account holder preferences and trading parameters is maintained and consulted upon receipt of advice for a trade, and trades are executed if and when a selected signal provider provides suitable advice. | 06-09-2011 |
20110145123 | CREDIT DEFAULT SWAP POST CREDIT EVENT - Methods, systems and apparatuses are described for determining that a credit event has occurred for an entity; determining an upfront price and a bond price for a credit default swap deliverable (CDSD) contract associated with the entity; determining a first weighting for the upfront price and a second weighting for the bond price; and calculating a settlement price for the CDSD contract that is a function of the first weighting, the second weighting, the upfront price, and the bond price. | 06-16-2011 |
20110145124 | Cover-OCO for Legged Order - A position associated with a synthetic spread order may be managed where a status of a synthetic spread order is identified as legged. The synthetic spread order may have at least one child hedge order pending at an electronic exchange and in response, a bracket order is submitted to an electronic exchange for the tradeable object associated with a filled leg of the synthetic spread. In response to execution of the bracket order, the child hedge order may be cancelled. | 06-16-2011 |
20110145125 | System and Methods for Risk-Based Prioritized Transaction Message Flow - Various systems and methods are provided for prioritized sending of transaction messages to an electronic exchange. According to one embodiment, a system determines a priority level for each transaction message based on a potential monetary reward or risk associated with sending or delaying the message. Once the priority levels are determined, the messages may be sent based on the priority levels. Additionally, each priority level may be associated with a predetermined threshold level. If a message threshold is reached, a new message corresponding to that priority level is queued until the message may be transmitted without exceeding the threshold limit. | 06-16-2011 |
20110145126 | Dynamic Selection of a Quoting Leg Based on Liquidity - Certain embodiments of the present inventions provide for dynamic selection of a quoting leg based on liquidity. Certain embodiments of the present inventions utilize various techniques for determining the liquidity of one or more legs. Certain embodiments provide for selecting a leg to quote based on the determined liquidity. Certain embodiments provide a configuration interface for specifying techniques to be used in determining a liquidity value for a particular tradeable object. Certain embodiments provide for liquidity indicators being presented in various user interfaces. | 06-16-2011 |
20110145127 | FINANCIAL MANAGEMENT SYSTEM AND RELATED METHODS - A financial management system includes a portal which makes transaction information available to a corresponding mutual fund in real time. In one implementation, information related to multiple portals can be presented to a mutual fund. Suitable programming may optionally identify, at least partially, the users associated with transactions associated with a given mutual fund. | 06-16-2011 |
20110145128 | System and Method for Auctioning Environmental Commodities - An institutionally-focused, neutral auction platform is provided that may be utilized for both the primary and secondary trading of environmental commodities and instruments. The auction platform may perform an on-boarding process for auction participants. Thereafter, the auction platform initiates an auction event, in response to a request by an auctioner, based on an identified block of environmental commodities. The auction platform may also receive an indication of financial security from one or more of the auction participants. A winning bidder may then be selected based on auctioner-defined parameters. In certain embodiments, the auction platform may also perform a settlement function for the auctioner and winning bidder relating to the delivery of, and payment for, the identified block of environmental commodities. Various other services and processes may also be provided by the auction platform. | 06-16-2011 |
20110145129 | METHOD AND SYSTEM FOR REBROKERING ORDERS IN A TRADING SYSTEM - Systems and methods are described herein for supporting the trading of bonds in a computerized system using broker dealers as intermediaries. Broker dealers receive orders relating to particular transactions and have the option to accept the order by submitting a matching counter order, or to rebroker the order with the same or modified terms to a number of other investors or additional broker dealers. The additional broker dealers have similar options, thus providing a system wherein orders can be quickly proliferated to a large number of parties. This order proliferation can be fully or partially automated through the use of predefined rules stored in a database which dictate for each broker dealer whether, to whom and under what terms to rebroker orders. When an order is received, the system processes all such rules to output a set of orders which are then communicated to the corresponding parties. | 06-16-2011 |
20110145130 | GLOBAL ELECTRONIC TRADING SYSTEM - Methods, systems, and computer readable media for facilitating trading two items (L,Q) from the group of items comprising commodities and financial instruments. At least two agents ( | 06-16-2011 |
20110145131 | SYSTEM AND METHOD FOR PROCESSING AND DISPLAYING QUANTITY INFORMATION DURING USER-CONFIGURABLE TIME PERIODS - A system and method for displaying quantity related information determined for a plurality of time periods are described. According to one method, a trader may define one or more time periods for which a trading application may determine traded quantities, traded buys, traded sells, or other quantity related information at a plurality of price levels during the defined time periods. The trading application may then graphically display the quantities for each time period in relation to the static axis of prices. The method further includes periodically updating the displayed traded quantity to reflect the quantity during the defined time period, where the quantity is updated based on subsequent market updates that are received from the exchange for the tradable object. | 06-16-2011 |
20110145132 | REMOTE TRANSACTION METHOD AND SYSTEM OF AN ON-LINE PLATFORM FOR FLOATING-RATE FUND-TRADING - The present invention provides a remote transaction method and system of an on-line platform for auctioning of money applied in the field of financial e-commerce. Nodes are disposed on the Internet to expand the market of fund-trading platform in the virtual network communities, to enhance the efficiency of operations in the financial market and realize the goal of de-intermediation and de-centralization of direct finance. A node helps a member to establish a platform account via a related connection network and interface, and helps the member to acquire a necessary loan amount for an intended fund-bidding pool by means of loan amount application and providing collateral. A subordinate member attends fund-bidding directly via the platform, or enters the platform via a node, according to his preference. The platform helps node members enter the platform and attend fund trading and monitors the credit-risk status of nodes and members. | 06-16-2011 |
20110145133 | System and Method for an Auction of Multiple Types of Items - An improved system and method for a computer-implemented auction in which multiple types of items are auctioned together without imposing a particular division of supply or demand among the individual types of items. In some embodiments the auction of the present invention provides a means or method for establishing prices for the types of items, wherein the prices maintain a relationship. In other embodiments, the present invention provides a means or method for implying prices from price parameters in the bids received form bidders, based on a relation among the prices for the types of items. Market clearing may be defined by the condition that the aggregate quantity bid for all types of items is less than or equal to the available quantity of all types of items. The division among the types of items within is thus determined flexibly, based on the bids at the associated prices. In other embodiments, market clearing is defined by the condition that the quantity bid for one selected type of item is less than or equal to the available quantity of the selected type of item. The quantities of the other types of items are thus determined flexibly, based on the bids at the associated prices. | 06-16-2011 |
20110145134 | SYSTEM AND METHOD FOR MANAGING TRANSACTIONS OF FINANCIAL INSTRUMENTS - A system and method for managing transactions of financial instruments that comprises generating a graphical representation having a plurality of multi-dimensional objects positioned along an axis. Each position along the axis represents a price of a financial instrument. The system receives an indication that at least one multi-dimensional object has been selected. The system generates, in response to the at least one multi-dimensional object being selected, a dialog box in the graphical representation. The system receives information relating to a transaction of the financial instrument. The information is displayed in the dialog box and comprises a desired volume of the financial instrument at a specific price. The system communicates to a remote device the information. The remote device is in communication with the processor over a network. The system receives an indication that the transaction of the financial instrument has been executed for the desired volume at the specific price. | 06-16-2011 |
20110153483 | System and Method for Providing Financing for Long/Short Trading Strategies Including Convertible Arbitrage Transactions - A method and apparatus for providing financing for long/short trading strategies including convertible arbitrage transactions is described. First, this novel strategy packages longs and shorts into a single purpose transparent vehicle based on a Single Risk Based Strategy. Second, the platform contains rules-based modules which apply variable margins against securities positions. The Unitary Financial Platform performs daily pricing, risk-based computer modeling, custodial monitoring, client interfacing, and risk reporting to external parties. Third, the funding structure requires that clients contribute capital thereby creating equity in the entity. If multiple parties are involved in a single entity, this requirement puts all clients at risk with respect to the other clients in the context of the rules and provides a clearinghouse like aspect to risk sharing within the entity. | 06-23-2011 |
20110153484 | SYSTEMS AND METHODS FOR CENTRAL PROCESSING OF MUTUAL FUND TRANSACTIONS - More efficient systems and methods for processing mutual fund transactions are provided by a centralized settlement and record-keeping repository for mutual fund shares. These systems and methods result in significant enhancements and cost savings to the mutual fund industry. | 06-23-2011 |
20110153485 | METHOD AND APPARATUS FOR STOCK AND INDEX OPTION PRICE IMPROVEMENT, PARTICIPATION, AND INTERNALIZATION - A method for stock option trading includes receiving an option order at a market, contemporaneously receiving a copy of the option order at an electronic drop (EDrop) system, which is separate and distinct from the market, obtaining a potential cross quantity and a potential cross price based on the option order at the EDrop system, and submitting, through the EDrop system, a contra-order, with respect to the option order, to the market for fulfillment, wherein the contra-order specifies at least one of an underlying security potential cross quantity, and the potential cross price. | 06-23-2011 |
20110153486 | Click Based Trading with Intuitive Grid Display of Market Depth - A method and system for reducing the time it takes for a trader to place a trade when electronically trading on an exchange, thus increasing the likelihood that the trader will have orders filled at desirable prices and quantities. The “Mercury” display and trading method of the present invention ensure fast and accurate execution of trades by displaying market depth on a vertical or horizontal plane, which fluctuates logically up or down, left or right across the plane as the market prices fluctuates. This allows the trader to trade quickly and efficiently. | 06-23-2011 |
20110153487 | SYSTEM AND METHOD FOR TRADING MULTIPLE TRADEABLE OBJECTS USING A SINGLE TRADING INTERFACE - A system and method are provided for displaying information related to a plurality of tradeable objects using a single graphical interface. One example graphical interface includes at least two screen regions displayed in relation to each other, with each region including a plurality of locations. Each location in the first screen region corresponds to a value along a first value axis, and each location in the second screen region corresponds to a value along a second value axis. The graphical interface also includes a first indicator in the first region and a second indicator in the second region. In response to a repositioning command based on an algorithm, the graphical interface includes a repositioned first value axis and the second value axis, such that the indicators are displayed in new locations determined based on the algorithm. | 06-23-2011 |
20110153488 | SYSTEMS AND METHODS FOR MARKET ORDER VOLUME CLEARING IN ONLINE TRADING OF CREDIT DERIVATIVES - Systems and methods for market order volume clearing in online trading of credit derivatives are disclosed. In one embodiment, a method for market order volume clearing may comprise: selecting, from a plurality of credit derivatives, at least one most liquid credit derivative; determining a volume clearing price level for the selected credit derivative; inviting trading clients of the electronic trading system to submit, within a time limit, buy orders and sell orders for the selected credit derivative at the volume clearing price level, each buy order or sell order specifying a desired volume; matching the buy orders and the sell orders submitted within the time limit to maximize a total notional amount of the selected credit derivative that can be traded at the volume clearing price level; and completing trades at the volume clearing price level according to the matching of orders. | 06-23-2011 |
20110153489 | System and Method for Selectively Displaying Market Information Related to a Plurality of Tradeable Objects - A graphical interface and method are provided for selectively displaying market information corresponding to a plurality of tradeable objects. According to one example method, a scanning feature is provided in relation to a number of tradeable object indicators. Upon detecting a predefined movement of a user input device in relation to the plurality of indicators, a graphical interface dynamically displays market information corresponding to the tradeable objects as a predefined movement of the user input device is detected in relation to the tradeable object indicators. | 06-23-2011 |
20110161220 | Method and System for Monitoring Financial Market Trading Activity to Establish and Track Aggregate Trading Limits Based on Trading Sub-Limits Assigned by Prime Brokers for Particular Trading Entities - The present invention relates to systems and methods for monitoring market transaction activity data to determine when a trading entity has exceeded an aggregated limit consisting of one or more trading sub-limits corresponding to one or more custodial prime brokers facilitating trading for the trading entity. The method includes collecting at a centralized hub real time data related to conditions of a trading market from one or more liquidity destinations trading at least one financial article of trade. Trading activity for a trading entity is determined. An aggregate trading limit is determined that is based on one or more trading sub-limits assigned by one or more prime brokers for that trading entity. It is determined when that trading activity exceeds the aggregate trading limit. | 06-30-2011 |
20110161221 | TRANSACTION MANAGEMENT DEVICE AND READABLE STORAGE MEDIUM - A transaction management device of executing plural if-done-orders in parallel. An order information generation unit of the device generates plural order information groups each including a first order for placing one of a buy or sell orders at a first order price, a second order for placing the other of these orders at a second order price, and a stop loss order for placing the other of these orders at a stop loss order price. This unit acquires the upper limit price for transactions, the lower limit price for transactions, and the number of simultaneously generated order information groups, and calculates the first and second order prices in such a manner that the price difference between the first orders is constant, the price difference between the second orders is constant, and the price difference between the first and the second orders belonging to the same group is constant. | 06-30-2011 |
20110161222 | Coordination Of Algorithms In Algorithmic Trading Engine - An exemplary embodiment comprises: (a) receiving electronic data describing a trading order; (b) selecting one or more first trading algorithms from a plurality of available stored algorithms for execution of the trading order; (c) commencing execution of the trading order via the one or more first trading algorithms; (d) evaluating quality of execution, during the execution, of the trading order via the one or more first trading algorithms; (e) comparing the evaluated quality of execution to a threshold of acceptability based on a prediction of future performance of execution of the trading order by the one or more first trading algorithms; and (f) if the evaluated quality of execution compares unfavorably to the threshold of acceptability, switching the execution of the trading order to one or more second trading algorithms, wherein the processor unit comprises one or more processors. | 06-30-2011 |
20110161223 | Repositioning of Market Information on Trading Screens - As market conditions descend or ascend an axis of prices, the display of market information is repositioned, at a pre-determined rate if desired, around an item of interest. An item of interest may include the best bid price, the best ask price, the inside market, a moving average, a last traded price, a theoretical value, the result of an equation, or some other item of interest to the trader. According to the present embodiments, market information may be displayed in a region relative to an axis of prices, and when an event occurs, a repositioning signal is initialized causing the axis to be repositioned such that the item of interest is positioned at a pre-determined location in the region. The price axis can be repositioned at a fixed rate or at a dynamically variable rate. | 06-30-2011 |
20110161224 | METHOD AND APPARATUS FOR LISTING AND TRADING A FUTURES CONTRACT THAT PHYSICALLY SETTLES INTO A SWAP - According to some embodiments, a futures contract is listed on a futures trading exchange. The futures contract physically settles upon expiration into a reference swap. The reference swap is cleared by a clearing house so that the physical settlement requires that the holder of a position in the futures contract upon expiration takes a specified side of the reference swap against the clearing house. The reference swap may for example be a credit default index swap, a single-name credit default swap, an interest rate swap or a yield curve swap. | 06-30-2011 |
20110166982 | INTRADAY RISK MANAGEMENT DATA CLOUD COMPUTING SYSTEM CAPABLE OF CONTROLLING EXECUTION OF ORDERS - In at least one embodiment, a method and system associated with financial articles of trade may include comparing relevant portions of data pertaining to an attempted transaction, wherein the transaction may pertain to one in which an entity is financially liable but unaware. At least one embodiment includes monitoring market transaction activity data to determine when a trading entity has exceeded an aggregated limit, such as one or more trading sub-limits corresponding to one or more custodial prime brokers facilitating trading for the trading entity. At least one embodiment includes a pre-trade gateway to determine if an order violates a pre-trade risk based on information collected by a front-end analyzer. Possible actions include, but are not limited to, placing a null order, terminating a connection associated with the order, modifying the order so as not to violate a pre-trade risk check, and/or notifications to one or more entities. | 07-07-2011 |
20110166983 | Investment Funds Enabling a Bond Laddering Strategy - An open-ended fund, such as an ETF, holds fixed-income securities and has a liquidation date. An order management system receives buy orders from a plurality of investors for purchasing shares of the fund receives and sell orders from a plurality of investors for selling shares of the fund. A fund management information system determines a yield for each investor based on the shares of the fund purchased by the investor and the fixed-income securities held by the fund at the time that the shares were purchased. The fund management information system also determines a plurality of distribution payments and a final liquidation payment for each investor so that the distribution payments and the final liquidation payment provide the yield determined for the investor when the investor purchased shares of the fund. This enables investors to use the fund in a bond laddering strategy. | 07-07-2011 |
20110166984 | Flexible System and Method for Electronic Trading - System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein. | 07-07-2011 |
20110166985 | SYSTEM AND METHOD FOR PROVIDING FUTURES CONTRACTS IN A FINANCIAL MARKET ENVIROMENT - A method for offering an asset in a financial environment is provided that includes receiving a request to perform a selected one of a purchasing and a selling operation for a futures contract. The futures contract includes a first asset class having a first value associated therewith and a second asset class having a second value associated therewith. A price for the futures contract is determined at least partially by the first and second values. | 07-07-2011 |
20110173113 | METHOD OF TRANSMITTING DATA IN A CENTRAL TRADING SYSTEM - A computerized trading system configured to receive buy and sell trade orders in financial instruments traded in the central trading system from user terminals connected to the central trading system is provided. The user terminals are of at least two types trading in the central system at different off-set spread values and the central trading system further being configured to transmit price information to the at least two types of user terminals. The central system is then configured to transmit a price information message to the at least two types of user terminals in a single message and where the user terminals are configured to display the price information in said price information message including said different off-set spread values. Hereby a reduced number of messages needs to be transmitted in that the user terminals are enabled to convert the single message stream to the correct price information valid for each particular user. | 07-14-2011 |
20110173114 | SYSTEM FOR TRADING COMMODITIES AND THE LIKE - The present invention provides a system for trading commodities and the like. A computer, a communications link between the computer and the Internet, and a database, accessible by the computer are provided. The database includes a plurality of user files. Each of the user files corresponds to a specified user of the system. Each of the user files contains exchange permissions corresponding to exchanges to which the specified user may access. At least one computerized exchange transacts specified commodities executing on the computer accessible by selected users having proper exchange permissions for each exchange. A display is provided for pooling liquidity that permits users to post and view bids and offers and negotiate and consummate transactions on common commodities from one or more groups or exchanges. By such liquidity pooling, the liquidity of transactions of commodities between various exchanges and users is improved. | 07-14-2011 |
20110173115 | FROM INDIRECT FINANCE TO DIRECT FINANCE DEBT-CLEARING SYSTEM AND METHOD - A from-IDF-to-DF debt-clearing system and method is disclosed. Internet technology is used to construct a direct-finance fund trading platform, whereby a debtor can raise a fund to clear his debts, especially the debts of credit cards and fiduciary loans. After receiving an application of a debtor, the direct-finance fund trading platform analyzes the credit condition and debt-clearing requirement of the debtor and then assigns a bridge loan to the debtor. After delivering the bridge loan, the platform enters into a fund-trading module to bid for the debtor and clears the bridge loan with the obtained fund, and the debtor pays a contribution amount to the platform periodically. | 07-14-2011 |
20110178913 | HYBRID TRADING SYSTEM FOR CONCURRENTLY TRADING COMBINED ORDERS FOR FINANCIAL INSTRUMENTS THROUGH BOTH ELECTRONIC AND OPEN-OUTCRY TRADING MECHANISMS - A system and method of trading combined orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes receiving an incoming order having a first order component and a second order component at an electronic trade engine and routing the first and second order components to a first electronic database. The first and second order components are matched and executed against order components maintained in the first and second electronic databases, respectively. Any unexecuted first and second order components are placed in an electronic book according to a predetermined program if the first or second order component cannot be completely matched against any order components maintained in one of the first or second electronic databases. The system includes a trade engine configured for receiving combined orders from market makers. | 07-21-2011 |
20110178914 | Block Trading System And Method Providing Price Improvement To Aggressive Orders - An exemplary embodiment comprises a method for trading items among a plurality of traders, the method comprising: (a) receiving a first order for at least one item from one of the traders into an electronic trading system, wherein the first order provides priority for said at least one item but does not reserve said at least one item; (b) receiving, from another one of the traders, a second order into the electronic trading system that matches said first order; (c) determining that at least a portion of the first order is available to be filled by at least a portion of the second order; (d) reserving said at least a portion of said first order for execution against said at least a portion of said second order; and (e) executing said at least a portion of said first order against said at least a portion of said second order. | 07-21-2011 |
20110178915 | Trading Order Validation System and Method and High-Performance Trading Data Interface - A post-trade monitor receives feedback in the form of drop copy messages from an exchange server and validates orders placed with the exchange server by a sponsored access trading platform shortly after the orders have been placed. If a recently placed order is found to violate a rule or regulation, the monitor instructs the trading platform to change to a more restrictive trading mode, such as to cease placing all orders or certain types of orders, at least until certain parameters are met. A library provides an interface in a sponsored access trading platform between a client application program that generates proposed orders and an exchange server. The library provides pre-trade validation of the orders and sends only validated orders to the exchange server. A network enables monitors, trading platforms and libraries to share information about customers' trading activities and locally recalculate customer trading limits resulting from these trading activities. A low-latency interface between a customer server, such as a server that employs algorithmic trading methods to generate buy and sell orders for securities, and a brokerage server that validates such securities trading orders is optimized for handling the securities trading orders. The interface supports a trading command set specifically designed for orders from customer trading application programs, and the interface formats received trading commands into compact messages that are sent over a high-speed communication link to the brokerage server. The interface receives order acknowledgement messages and the like from the brokerage server and invokes callback routines in the customer trading application program to report status information. | 07-21-2011 |
20110178916 | SYSTEM AND METHOD FOR CONSTRAINING DEPLETION AMOUNT IN A DEFINED TIME FRAME - Embodiments disclosed herein provide price protection on commodity purchases in which a consumer can select, accept, or otherwise agree to a depletion constraint on the consumption of the commodity thus purchased. Based on the agreed depletion constraint, a provider may adjust terms and/or the price of the price protection. In some embodiments, the depletion constraint can be time-based, quantity-based, value-based, or a combination thereof. In some embodiments, the depletion constraint can be linear. In some embodiments, a consumer may be required to purchase a certain amount of the commodity during a specified time frame. In some embodiments, the provider of the price protection may receive a payment from the consumer when the retail price of the commodity at the time of the purchase is below a specified floor price. In some embodiments, the commodity is motor fuel. | 07-21-2011 |
20110178917 | High Speed Processing of Financial Information Using FPGA Devices - A high speed apparatus and method for processing a plurality of financial market data messages are disclosed. With respect to an exemplary embodiment, a reconfigurable logic device is employed to map the symbols present in the financial market data messages to another symbology. | 07-21-2011 |
20110178918 | High Speed Processing of Financial Information Using FPGA Devices - A high speed system and method for processing financial instrument order data are disclosed. With respect to an exemplary embodiment, a reconfigurable logic device is employed to monitor a financial instrument order based on a risk profile to determine whether the order is appropriate. If determined appropriate, a financial instrument order can be routed to a trading venue. With respect to another exemplary embodiment, a reconfigurable logic device is employed to maintain a financial instrument order book. | 07-21-2011 |
20110178919 | High Speed Processing of Financial Information Using FPGA Devices - A high speed apparatus and method for processing financial instrument order books are disclosed. With respect to an exemplary embodiment, a reconfigurable logic device is employed to (1) process streaming financial market data, the streaming financial market data comprising a plurality of messages representative of a plurality of offers to buy and sell a plurality of financial instruments, and (2) maintain in real-time a plurality of financial instrument order books based on the messages | 07-21-2011 |
20110184847 | DATA STORAGE AND PROCESSOR FOR STORING AND PROCESSING DATA ASSOCIATED WITH DERIVATIVE CONTRACTS AND TRADES RELATED TO DERIVATIVE CONTRACTS - The description generally describes systems and methods for managing derivative contracts. The system maintains derivative contract states using a set of rules to ensure subsequent post-trade events are applied in the correct order, and without jeopardizing the integrity of the underlying derivative contract. Data about derivative contracts maintained in other environments can be back-loaded into the system to allow all of a user's contracts to be contained within the system, and data associated with the back-loaded contracts can be governed in the same fashion as existing derivative contracts. Payment processing and settlement can be handled automatically by the system. If a derivative contract in the system has an uncertain state, payment processing on the derivative contract can be initiated by either trading counterparty using payment processing logic. | 07-28-2011 |
20110184848 | Hybrid Exchange And Clearing-Only Market Model - Modifications can be made to the quotation delivery mechanisms, membership structure, and daily settlement procedures, that govern existing electronic derivatives exchanges to create a “hybrid” business model to perfectly mimic and preserve those important elements of the OTC derivatives business model that attract end-users and banks to these markets. Such upgrades to the traditional exchange business model can be generic and can be applied to existing exchange traded products. | 07-28-2011 |
20110184849 | SYSTEM AND METHOD FOR PRIORITIZED DATA DELIVERY IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method for prioritized data delivery in an electronic trading environment are described herein. According to one example embodiment, by prioritizing the messages associated with a tradeable object, the bandwidth and system resource usage may be optimally reduced, and any loss of priority content in the messages sent between the network device and the client device may be reduced. An example method includes associating different priority levels with messages comprising market data. Messages containing market information related to the inside market may be associated to a higher priority level. Whereas messages containing market information relating to the quantities at prices outside the inside market may be associated with a lower priority level. Based on the priority level associated with a message, a network device may send the message directly to the client device or store the message in a data structure until a pre-defined condition is satisfied. | 07-28-2011 |
20110184850 | METHODS AND INVESTMENT INSTRUMENTS FOR PERFORMING TAX-DEFERRED REAL ESTATE EXCHANGES - Methods and investment instruments for investing in real estate are described wherein a portfolio of investment real estate is divided into a plurality of tenant-in-common deeds of predetermined denominations, and which are subject to a master agreement and master lease to form “deedshares.” Holders of the deedshares receive a guaranteed income stream from the master lease and yearly depreciation, without having to maintain or manage the real estate. The holders of deedshares are subject, under the master agreement, to a mechanism that enables the master tenant to purchase, or arrange for the purchase of the deedshares at fair market value (or some other calculable value) at the end of a specified term. Because the deedshares qualify as interests in investment real estate, they are eligible for tax-deferred treatment under §1031 of the Internal Revenue Code. | 07-28-2011 |
20110191228 | SYSTEM AND METHOD FOR TO BE ANNOUNCED (TBA) BOND TRADING - A system and method for bond trading and TBA bond contract trading. The system includes a bond contract buying module operable to perform activities related to buying a first bond contract and a bond contract selling module operable to perform activities related to selling a second bond contract. The first bond contract includes a first description of bonds that satisfy the first bond contract. The second bond contract includes a second description of bonds that satisfy the second bond contract. The system further includes a clearing entity communication module operable to communicate with a clearing entity regarding the activities related to the buying of the first bond contract and the selling of the second bond contract. | 08-04-2011 |
20110191229 | SYSTEM AND METHOD FOR ALLOCATING ELECTRONIC TRADE ORDERS AMONG A PLURALITY OF ELECTRONIC TRADE VENUES - A method and system for optimizing allocation of large block orders for a security for maximum fill rate and minimum information leakage. The invention includes a process by which a block order for a security is allocated to a number of suborders which are then submitted to various electronic trading destinations to be filled. This allocation process involves ranking the suborders on the basis of a quality measurement, calculating and assigned a liquidity expectation to each suborder, determining a maximum target execution rate for the security that will not result in market impact, assigning orders to a trade list beginning with the higher rank suborder until the sum of shares represented in the list is equal to the maximum target execution rate, allocating the suborders not assigned to the trade list, and submitting the suborders to the corresponding electronic trading destination. | 08-04-2011 |
20110191230 | METHOD AND SYSTEM FOR OPTIMAL PRICING AND ALLOCATION FOR A SET OF CONTRACTUAL RIGHTS TO BE OFFERED WITH CANCELING/MODIFYING OF INDICATIONS OF INTEREST - A method and system for the determination of optimal pricing and allocation of securities in an open, competitive environment. The method and system may also be used in developing pre-markets of other items that are difficult to price and allocate in a competitive manner, such as the underwriting/securitization of contracts for property; future revenue/earning streams from an asset and/or group of assets; underwritten insurance portfolios, intellectual property and other goods and services. The system of price optimization and allocation is accomplished by interactive feedback of information using a display and including competitive participation of individual members of the public (and/or their agents) or institutional buyers over a data network e.g., the Internet, uncovering the nature and identification of demand in a self-organizing fashion. Demand emerges through participants' interaction with the system and with each other, via a graphically-supported, interactive reservation process. | 08-04-2011 |
20110191231 | Method and System for Improving Trading and a Trader's Ranking - A method and system are disclosed for improving trading and a trading client's rankings in a platform exchange of member clients. The method includes assigning a credit exchange rate to website performance metrics such as Google Page Rank and Alexa Rank. The broker maintains an ordered database of all clients' website backlink credit accounts where the highest account is ordered most significantly for distribution to members. Templates created by a client include a desired reference URL, desired anchor text for the link, and a description. A client may pull a backlink template within a predetermined category or class based on the highest qualifying account and posts a link to another client's website based on the link template. The client earns credits for posting a link to another member's website based on his page rank and pays credits to other members posting links to his website based on their page rank. | 08-04-2011 |
20110191232 | COMPLEX TRADING MECHANISM - A trading apparatus including an order receiver, an order storage module, a trade generator and a reporting module. the order receiver receives orders from at least one trader, wherein the orders include at least one complex order. The order storage module stores the orders. The trade generator generates trades based on the orders and a trading mechanism. The reporting module reports the trades. | 08-04-2011 |
20110191233 | Auto Substitution Collateral Management System and Method - An auto substitution system and method are provided for facilitating fulfillment of intraday trading requirements by implementing collateral in encumbered shells of tri party repo agreements. The method is triggered upon notification of insufficient unencumbered collateral to satisfy delivery instructions for required collateral. The method includes receiving, at an auto substitution system, a request for the required collateral upon failure to locate unencumbered required collateral. The method further includes implementing computer processing components of the auto substitution system to search for the required collateral in the encumbered shells and upon finding the required collateral, searching for replacement collateral for the required collateral. The method further includes implementing the required collateral found in the encumbered shells to fulfill delivery instructions and substituting the replacement collateral for the required collateral found in the encumbered shells. | 08-04-2011 |
20110191234 | Securitization System and Process - A system and process is disclosed for providing a financial product having a return correlated to a benchmark with a reduced tracking error over time. | 08-04-2011 |
20110191235 | HYBRID CROSS-MARGINING - A hybrid cross-margining system is disclosed. The disclosed provides for both joint accounts, maintained by multiple exchanges, as well as non-joint accounts, whereby the system recognizes both intra-account offsets within the joint account and inter-exchange offsets between the joint account and accounts maintained by another exchange to minimize the margin requirement of the associated market participant with respect to the positions reflected in these accounts. | 08-04-2011 |
20110196772 | Systems, Methods, and Computer Program Products for Creation and Trading of Enhanced Bonds - A system, method, and computer program product are provided for the creation of enhanced bonds. Enhanced bonds are backed by the security of a credit default swap contract without the need for separate purchase thereof. A bond dealer is able to exchange a traditional bond instrument, which has been issued in a manner that permits the exchange, for enhanced bonds by selling the credit default swap contract to an eBond LLC and tendering the exchangeable bonds for eBonds through the bond indenture trustee. The enhanced bond facilitator calculates the exchange rates for these instruments at the time of exchange based on several variables, including the cost of the underlying credit default swap contract for a desired level of protection. | 08-11-2011 |
20110196773 | SYSTEM AND METHOD FOR EVALUATING SECURITY TRADING TRANSACTION COSTS - A system and method for comparing investment transaction costs of institution peers includes database and a processor coupled to a network. The processor may be configured receive, via the network, security transaction data of investment institutions, which included data for traded securities, transaction order sizes, execution prices, peer identities and timestamps. The processor is further capable of grouping transaction data into groups of orders, calculating order costs and environmental factors for each order, and calculating a peer's average order cost within each group. The data are stored in the database so that it may be retrieved and displayed. | 08-11-2011 |
20110196774 | DERIVATIVE TRADE PROCESSING - A system for derivative trade processing aggregates data relating to trades across a plurality of buy side and sell side firms. Requests are received from buy side and sell side firms to search the aggregated data. The system searches the aggregated data provides a listing of trade data for trades between the requesting party and a plurality of counter-parties. The requestor may view all trades and tasks associated with those trades. The requestor may view the trades and tasks in prioritized lists. In response to a request, the system allocates a trade to a plurality of accounts. | 08-11-2011 |
20110196775 | Systems, Methods, and Media for Controlling the Exposure of Orders to Trading Platforms - Systems, methods, and media for controlling the exposure of orders to trading platforms are provided. In accordance with some embodiments, systems for controlling the exposure of orders to trading platforms are provided, the systems comprising: at least one hardware processor that: receives information for at least one order to trade a security; and for each of a plurality of trading platforms, determines how the at least one order is to be exposed to trading platform based on at least one of a default exposure setting for all orders for the trading platform, at least one filter for the trading platform, and an exposure status setting for the trading platform and the at least one order, and provides information for the at least one order to the trading platform. | 08-11-2011 |
20110196776 | METHOD FOR FACILITATING EXCHANGE OF CONSUMER DATA - A method for facilitating the exchange of consumer data between consumers and providers is disclosed. The method includes collecting and storing consumer supplied data on a computer network, providing the consumer supplied data to one or more providers, providing consumer personal data to a provider having the highest bid, collecting the bid amount from the provider having the highest bid and providing a portion of the collected bid amount to the consumer. | 08-11-2011 |
20110196777 | MULTI-BASKET STRUCTURE FOR EXCHANGE TRADED FUND (ETF) - An exchange-traded fund (ETF) has a multi-basket structure that allows shares of the ETF to be created using a different basket of assets than the basket of assets required to redeem shares of the ETF. A method for administering a multi-basket ETF comprises providing shares of the ETF to investors in exchange for assets defined in a published creation basket, providing assets defined in a published redemption basket to investors in exchange for shares of the ETF, and publishing a holdings basket that represents the assets held in the ETF. The multi-basket ETF can be used to implement an ETF holding assets that have a relatively low liquidity and/or accessibility. The multi-basket structure also enables financial strategies such as to minimize transaction costs, increase tax efficiency, access less liquid or less accessible markets or securities, and meet regulatory requirements and ETF investment objectives. | 08-11-2011 |
20110196778 | High Performance Trading Data Interface and Trading Data Distribution Protocol - A network enables monitors, trading platforms and libraries to share information about customers' trading activities and locally recalculate customer trading limits resulting from these trading activities. A low-latency interface between a customer server, such as a server that employs algorithmic trading methods to generate buy and sell orders for securities, and a brokerage server that validates such securities trading orders is optimized for handling the securities trading orders. The interface supports a trading command set specifically designed for orders from customer trading application programs, and the interface formats received trading commands into compact messages that are sent over a high-speed communication link to the brokerage server. The interface receives order acknowledgement messages and the like from the brokerage server and invokes callback routines in the customer trading application program to report status information. | 08-11-2011 |
20110196779 | COMPUTERIZED METHOD FOR OPEN-ENDED INVESTMENTS - The investment liquidation and purchase adjustment method is an investment model for open-ended investments that takes into account the net asset value (NAV) of the mutual fund and an accumulated stock brokerage transaction commission fees. The accumulated commission fees are added to the net asset value per share prior to the purchase of shares of the mutual fund. Alternatively, the accumulated commission fees are subtracted from the net asset value per share prior to the liquidation of the shares. These additional fees flow into the assets of the mutual fund. As accumulated brokerage transaction commissions change each day because of the trading of the positions in the mutual fund, the brokerage transaction commission's percentage change on a daily basis, too. This also solves the problem of maintaining the true asset value for existing shareholders when there are share liquidations by existing shareholders, protecting the true asset value for the remaining existing shareholders. | 08-11-2011 |
20110196780 | SIMULATION AUCTION FOR PUBLIC OFFERING - The invention provides a method and system to estimate demand, pricing, allocation and aftermarket demand for public offerings via a simulation auction using collaborative forecasting. The simulation auction incorporates features to enhance participant knowledge about a particular company and its proposed auction. The simulation auction may be used to collect information regarding likely or equilibrium pricing of actual offerings, as well as to generate demand curve provides for different types of participants (e.g. retail and institutional investors). | 08-11-2011 |
20110202445 | Method and System to raise capital for single product entertainment media companies - A method and system for single product entertainment media corporations to develop initial public offerings (IPO) that are listed on an alternative trading system (ATS) and are bought sold and traded through the use of electronic communication networks (ECN) and other digital devices such as computers and smart phones. As well as having an option to create initial public offerings that take into account multiple iterations of the same intellectual property such as film sequels, television series or video game upgrades. | 08-18-2011 |
20110202446 | Method and system for grouping and marketing consumer premises equipment loans - The present invention teaches a variety of systems and methods enabling renewable energy consumer premises equipment (CPE) such as dual metering techniques. The present invention contemplates, among other things, supporting, by increasing a likelihood of meeting financing obligations, a consumer purchasing, leasing, installing and/or maintaining renewable energy CPE for power generation at a consumer premises. The renewable energy CPE may be attached to a structure on the consumer premises, disposed free standing on the consumer premises, or utilized through any other suitable means on the consumer premises. | 08-18-2011 |
20110202447 | Financial data processing system - To process financial articles of trade, real time data is collected from a plurality of liquidity destinations in trading at least one of securities, commodities, options, futures and derivatives, the real time data including information on submitted transactions of financial articles of trade. The real time data collected from the plurality of liquidity destinations is aggregated. The real time data is streamed in a standardized form. User criteria are established to identify relevant portions of the streamed real time data. The streamed real time data is analyzed according to the user criteria. The analyzed real time data is consolidated into a computer data base. | 08-18-2011 |
20110202448 | Agency payment system - An agency payment system for transactions covered by a virtual market control entity between participants. The system determines all payments required to be made by each virtual market control entity participant on a given day. It nets all of each of the participant's required payments to be made with the payments received by the virtual market control entity on the previous day due to each participant to obtain a net cash movement, either from the virtual market control entity to the participant's account or from the participant's account to the virtual market control entity. It transfers between the participant's account and the virtual market control entity's account and each participant's account the net cash movements to the virtual market control entity's account. It then transfers between the virtual market control entity's account and each participant's account the net cash movements to the participant's account. | 08-18-2011 |
20110202449 | System and Method for Event Driven Virtual Workspace - A system and method for an event driven virtual workspace are described. According to one example method, a trader can define a plurality of windows to be associated with a virtual workspace. Also, the trader could define one or more triggering events, the combination of which may be used to activate the virtual workspace. In such an embodiment, when the system detects the one or more triggers, the system can attempt to activate the virtual workspace. According to the example method, the trader may place a number of limiting conditions before any states of the currently displayed windows are modified such that the triggered virtual workspace could be displayed. If no limiting conditions are detected, the system can display the triggered virtual workspace. | 08-18-2011 |
20110202450 | Exchange Traded Note Indexed to a Single Product - Systems and methods are provided for creating and managing Exchange Traded Notes (ETNs) which are indexed to a single product such as a stock or another financial instrument. The ETN may be created by selecting a stock, and conducting a broker poll to determine the level of the index related to the ETN. | 08-18-2011 |
20110202451 | System and Method for Graphically Displaying Market Related Data Using Fixed Size Bars - A system and method are provided for displaying market related data, such as traded volume at each price level, or any other trader-selected values, using one or more fixed size bars. In one preferred embodiment, a graphical display interface is provided and includes a plurality of fixed size bars that display traded volume at different price levels. In such an embodiment, the length of each bar may correspond to a predefined maximum value, and each bar may be progressively color-coded using a first graphical format to represent traded volume that is lower than the maximum value. If the traded volume exceeds the maximum value, the overflow value may be represented by progressively color-coding the bar using a second graphical format that may be used in relation to the first graphical format color-coding. | 08-18-2011 |
20110208632 | Generation of a Hedgeable Index and Market Making for a Hedgeable Index-Based Financial Instrument - Systems, methods, and apparatuses are provided for processing a relationship metric comprising a plurality of components each having an associated percentage weight, selecting a plurality of financial instruments each corresponding to one of the plurality of components, determining an integer number of each of the plurality of financial instruments such that a relationship based on the integer numbers approximates the percentage weights, and composing an index that includes the respective integer numbers of each of the plurality of financial instruments. | 08-25-2011 |
20110208633 | SYSTEM AND METHOD FOR TRADING A FUTURES CONTRACT BASED ON A FINANCIAL INSTRUMENT INDEXED TO ENTERTAINMENT DIVIDENDS - A method of trading includes performing a transaction of a futures contract between a buyer and a seller. The futures contract is associated with at least one entertainment event and comprises a purchase price and a settlement date. The method concludes by performing a settlement of the futures contract based at least in part upon the purchase price and a value associated with the entertainment event at the settlement date. The entertainment event is associated with a security and the transaction of the futures contract is performed in conjunction with the issuance of the security to the seller. | 08-25-2011 |
20110208634 | System and method for optimizing order execution - An embodiment of the present invention provides computer-implemented methods and systems for optimizing the executing an order, such as trading orders. An order may be electronically routed to an Execution Optimizer (“EO”). The EO may apply a particular profile to the order, corresponding to a particular portfolio manager. Next, the order, with the profile, may be routed, electronically, to a third party where a prediction model may be applied to the order, indicating trading parameters for the order. The order, with the trading parameters from the prediction model, may be passed back to the EO, where a rules engine may apply rules, specific to the executing financial institution, to the order. The order may then be passed to a selected broker for market trading. | 08-25-2011 |
20110208635 | CREDIT EVENT FIXINGS - Disclosed are methods and systems for transacting credit derivatives. The methods and systems allow for the calculation of the final cash settlement prices for credit derivatives following a credit event, such as a corporate bankruptcy. | 08-25-2011 |
20110208636 | MATCHING PARTIES TO A TRANSACTION FOR AN AGRICULTURAL COMMODITY - In general, in one aspect, the invention relates to a method for matching parties to a transaction of an agricultural commodity. The method involves receiving buyer criteria (e.g., purchase quantity, buyer price, transaction location at which to buy the agricultural commodity) sent from a mobile device used by a primary and secondary buyer. The method further involves receiving seller criteria sent from a seller mobile device. The method further involves matching, within a predetermined period of time after receiving the buyer criteria and the seller criteria, the primary and secondary buyer with the seller based on determining that a yield is sufficient to meet the purchase quantity and a transaction location at which to buy the agricultural commodity falls within a number of locations common the primary/secondary buyers and the seller. The method further involves sending the buyer criteria to the seller mobile device using short message service (SMS) format. | 08-25-2011 |
20110208637 | POWER TRADE SERVER, GREEN MARKET MANAGEMENT SERVER, TRADING MANAGEMENT METHOD, AND GREEN TRADING MANAGEMENT METHOD - There is provided a power trade server comprising a first certificate acquisition unit obtaining a first certificate certifying a storage amount of a first device for charging electricity a first user owns, from the first user eager to buy electricity, a second certificate acquisition unit obtaining a second certificate certifying a space amount of a second device for charging electricity a second user owns, from the second user eager to sell electricity, a power selling limitation unit limiting an electricity amount the first user can sell up to the storage amount of the first device for charging electricity based on the first certificate obtained by the first certificate acquisition unit, and a power purchase limitation unit limiting an electricity amount the second user can sell up to the space amount of the second device for charging electricity based on the second certificate obtained by the second certificate acquisition unit. | 08-25-2011 |
20110208638 | SYSTEM AND METHOD OF AUCTIONING A DEFAULTED LOAN - A method and system for conducting an online property auction whereby the system allows for identifying an owner of property willing to sell his property by an online auction, entering into a contract with the owner obligating him to complete the sales of his property conducted pursuant to terms of the contract; pre-arranging a minimum auction price for his property that accounts for the owner's interest, plus costs and fees, conducting the on-line auction with a plurality of bidders for his property whereby at the on-line auction's conclusion there is a winning bidder and ensuring the transfer of the winning bidder's funds to the escrow holder. | 08-25-2011 |
20110213690 | CARBON FOOTPRINT DETERMINATIONS - Described herein are various apparatuses, methods, and computer program products for providing a carbon-footprint modeling environment that determines a consumer's carbon footprint based on the consumer's acquisition of goods and/or services, as indicated by the consumer's transaction data. For example, the carbon-footprint modeling environment collects the consumer's transaction data for a predefined period of time and identifies transaction data that indicates the consumer's acquisition of goods and/or services that, when produced and/or consumed, result in greenhouse gas emissions. According to some embodiments, the carbon-footprint modeling environment categorizes goods and/or services into, for example, the following categories: transportation, housing, food, waste, and miscellaneous. Based on information gleaned from the consumer's transaction data, the modeling environment may determine the quantities of goods and services the consumer consumed in each of the categories and then apply conversion ratios to convert the respective quantities of goods and/or services consumed into units of greenhouse gas emissions. | 09-01-2011 |
20110213691 | SYSTEMS AND METHODS FOR CLOUD-BASED BROKERAGE EXCHANGE OF SOFTWARE ENTITLEMENTS - Embodiments relate to systems and methods for cloud-based brokerage exchange of software entitlements. A user can host on-premise software applications on physical hardware, and extend those applications to the cloud based on a set of entitlements developed in conjunction with the vendor(s) of the software. The set of entitlements enjoyed by the user and/or offered by the vendor(s) can be exposed to a bidding marketplace via a brokerage engine and associated bidding service, which can be hosted on a Web site. Other users, and/or other vendors interesting in consuming or supplying premise or loud-based images of the software, or related services, can be to obtain or supply those resources through the brokerage service. The license terms including usage rates, number of users or images, security constraints, and/or other terms of software delivery and usage can be recorded in a dynamically updated entitlement database. | 09-01-2011 |
20110213692 | Computer-Implemented Systems And Methods For Automatic Triangulation Of Forward Conversion Curves - Systems and methods for determining a future conversion curve between a first metric and a second metric are provided. A system and method can include receiving a first metric and a second metric. A plurality of conversion curves are retrieved, where each conversion curve has a corresponding weight. One or more paths between the first metric and the second metric are calculated using two or more conversion curves, where each path begins with the first metric and ends with the second metric, and where each path is associated with a path weight based upon the sum of the weights used to calculate the path. A shortest path between the first metric and the second metric is determined, where the shortest path is the path having the least weight, and a future conversion curve is generated by collapsing the two or more conversion curves of the shortest path. | 09-01-2011 |
20110213693 | SYSTEM FOR APPRAISING A FINANCIAL PRODUCT - A method and system of appraising a financial product includes receiving a request for a financial product and information about a party requesting the financial product; preparing a bid solicitation for the financial product based on the request and information and transmitting the bid solicitation to a plurality of product carriers; a plurality of product carriers submitting initial proposals for providing the financial product; generating ratings for the initial proposals, respectively; and generating appraisals for the initial proposals; and informing the product carriers of the decision. | 09-01-2011 |
20110213694 | METHOD, APPARATUS AND INTERFACE FOR TRANSACTION TOGGLING - A method for submitting transactions from an automated trading tool to an electronic exchange. The method includes defining a proximity limit and automatically generating a transaction for a tradeable object. The method further includes applying the proximity limit to the transaction. When the transaction falls within the defined proximity limit, the transaction is submitted to the exchange. An apparatus and interface for transaction toggling based on proximity limits are also provided. | 09-01-2011 |
20110213695 | System and Method for Computing and Displaying Effective Bid and Ask Information - A data feed from an electronic exchange carries certain pieces of market information. Software at the trading station receives the data feed and computes an effective bid price and/or an effective ask price based on a particular quantity to trade. Then, the effective bid price and/or effective ask price are indicated to the user. An effective bid price is an average price at which a certain quantity could be sold based on current market conditions. An effective ask price is an average price at which a certain quantity could be bought based on current market conditions. Depending on the available quantities in the market, the effective prices may represent spreads different from the actual spread of the inside market. This information may be used to, among other things, make more accurate trades at prices. Additionally, a derivative of price, such as yield, may be used to compute other types of effective bid and/or ask information. | 09-01-2011 |
20110218899 | SYSTEMS AND METHODS FOR COMPRESSION OF TRADE-RELATED RECORDS - In certain embodiments, a computer system and process for use in a trading system are provided that allow trading entities to compress trade records while simplifying the reconciliation process. Advantageously, compressed trade records are processed by a custodian firm, while uncompressed reconciliation data are processed by a central counterparty. In some embodiments, a computer system and process are provided that allows trading entities to compress trade records across markets. Advantageously, compression across markets provides a larger pool of eligible trade records for compression, increasing the number of compressible trades, and thus reducing fees paid by the trading firm and the amount of data transmitted. | 09-08-2011 |
20110218900 | SYSTEMS AND METHODS FOR COMPRESSION OF TRADE-RELATED RECORDS - In certain embodiments, a computer system and process for use in a trading system are provided that allow trading entities to compress trade records while simplifying the reconciliation process. Advantageously, compressed trade records are processed by a custodian firm, while uncompressed reconciliation data are processed by a central counterparty. In some embodiments, a computer system and process are provided that allows trading entities to compress trade records across markets. Advantageously, compression across markets provides a larger pool of eligible trade records for compression, increasing the number of compressible trades, and thus reducing fees paid by the trading firm and the amount of data transmitted. | 09-08-2011 |
20110218901 | ON-LINE PRODUCT AUCTION METHOD USING STOCK INDEX AND RECORDING MEDIUM - An online product auction method using stock price indexes is disclosed. A plurality of bidders participates in online auction bidding for a presented product and inputs respective bid numbers. Specific numbers are extracted from two or more indexes which indicate stock prices. A successful bid number is created by combining the extracted numbers in a predetermined sequence. It is determined whether a bid number identical to the successful bid number exists among the bid numbers. If one or more bid numbers identical to the successful bid number exist, an earliest bidder is selected for a successful bidder. If no bid number identical to the successful bid number exists, an earliest bidder, having a bid number which is the closest to the successful bid number, is selected for a successful bidder. Thereafter, a command is output to deliver the corresponding product to the selected bidder. | 09-08-2011 |
20110218902 | INTELLIGENT EXECUTION FOR BROKERAGE TRADE ORDERS - A method and apparatus for driving a trade via an electronic trading platform are provided. Traders may define trade order parameters including at least one monitored parameter and at least one rule for assigned thereto. The trade orders will only be executed when current market data satisfies the at least one monitored parameter and at least one rule. Said monitored parameters are selected from a current market price, a current bid and/or ask value, volume, a Volume Weighted Average Price (VWAP), or a combination thereof. The rules are based on a number and/or volume of executed market orders, placed by other traders, during a certain time period, a time period passed since it was determined that the at least one monitored parameter satisfies the market data, or a combination thereof. | 09-08-2011 |
20110218903 | ELECTRONIC SYSTEM AND METHOD FOR EXECUTING A TRADE - An Internet based investment account management system that consists of data, a rules database, a business logic manager and user profiles is described. The rules database stores information about system responses to modifications of the data. The user profiles store information concerning the availability of information and displays depending upon the user. Automatic updates to user profiles in response to modifications to the data are performed. The business logic manager can be configured to define whether the trader is authorized to execute a trade and whether sufficient holdings are available at a custodian bank in order to execute trade. A data exchange link may then be used to send data to a broker/dealer system to execute the trade. | 09-08-2011 |
20110218904 | System and Method for Providing Market Updates in an Electronic Trading Environment - A system and method are provided for modifying how market updates are provided in an electronic trading environment upon detecting one or more triggering events. One example method includes defining an event to be used to trigger modification of how market updates are provided to a client entity, receiving a market update from an electronic exchange, and, when the event is detected, modifying how the market update is provided to the client entity. As an example, the modification of how the market update is provided to the client entity may include providing less data in relation to market updates, and sending the market updates less frequently. | 09-08-2011 |
20110225080 | TEST TRADING - Disclosed are systems and methods for placing and processing test orders and real orders. | 09-15-2011 |
20110225081 | METHOD AND SYSTEM FOR CANCELING ORDERS FOR FINANCIAL ARTICLES OF TRADES - Market data is monitored for purposes of canceling orders for financial articles of trade. Real-time data is collected from multiple liquidity destinations trading at least one financial article of trade. The real-time data comprises disparate data corresponding to associated liquidity destinations. The collected real-time data is normalized into a standardized form. A condition is defined of a trading market that includes one or both of submitted and executed transactions of financial articles of trade over the multiple liquidity destinations. The condition is associated with an entity. Through monitoring of the normalized real-time data, an event is identified in the trading market that matches the condition. Upon identification of the condition, at least one communication session between the entity and a corresponding liquidity destination is terminated causing a process at the corresponding liquidity destination to cancel pending or outstanding orders for financial articles of trades from the entity. | 09-15-2011 |
20110225082 | SYSTEM FOR IMPLEMENTING AUTOMATED OPEN MARKED AUCTIONING OF LEADS - In an automated leads-and-bids exchange system, bid profiles are defined to describe desires of lead buyers. Received leads are matched to active ones of the bid profiles whose specifications the leads substantially match. An auctioning subsystem finds the highest one or group of bids for each given lead. A quality rating database rates the quality of leads provided by different sellers. A price discounting engine discounts the amount paid to sellers who are rated as inferior sources of leads. | 09-15-2011 |
20110225083 | METHOD AND INTERFACE FOR PRESENTING LAST TRADED QUANTITY INFORMATION - Trading software may receive trading information from an exchange. The trading software may use the trading information to compute an estimate of last traded total sweep quantity. The trading software may also display the last traded total sweep quantity on a trading screen. | 09-15-2011 |
20110231296 | SYSTEMS AND METHODS FOR INTERACTING WITH MESSAGES, AUTHORS, AND FOLLOWERS - Embodiments of a search engine are disclosed that enable authors and third parties to influence the persistence and ranking of the author or the author's posts in search result listings using a bidding process or other compensation-based mechanism. In one embodiment, the search engine allows authors to submit bids in auction for ranking in order to keep their posts (or posts of other authors) visible to targeted searchers for a longer period of time than would normally be available. The bid amount, together with other attributes, can be used to determine the relevance and ranking of posts or authors provided in a search results page to a searcher. Embodiments of the search engine may be utilized with a microblogging service or a social networking service. | 09-22-2011 |
20110231297 | Issuing machine and issuing system - An issuing system for issuing unmodifiable and/or unforgeable hardcopy documents or securities includes a server and a plurality of issuing machines connected to the server via a network. Each of the issuing machines receives an ID recording medium provided by a potential purchaser, retrieves an identification recoded in the received ID recording medium, requests the potential purchaser to input request for a transaction of the security or fixed rate financing instrument, processes the requested transaction by retrieving information via a network from the server, and prints out on demand a hardcopy of the security or fixed rate financing instrument as purchased by the potential purchaser and a checksum thereon. A method for forming a new market with the issuing system. | 09-22-2011 |
20110231298 | Diverse options order types in an electronic guaranteed entitlement environment - An enhanced system and method for handling, matching and executing a diverse group of limit-priced orders in an electronic options environment is disclosed. Most of the order types disclosed are automatically repriced and reposted as the NBBO changes to increase their execution opportunities. Market maker entitlements are integrated with the order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when an order priced at or better than the NBBO is received. Once posted to the order book, the displayed price of an order may be eligible for preferential execution in a market maker entitlement process, regardless of whether the displayed price is original or has been automatically repriced. | 09-22-2011 |
20110231299 | System for hedging of financial risk posed by changes in public policy - The invention provides a manner of hedging or protecting against a perceived adverse financial impact associated with the occurrence or non-occurrence of prospective future changes in public policy, including—but not necessarily limited to—enactment of federal, state or local legislation; regulatory decisions; and the disposition of civil and criminal court proceedings. The machine-based implementation of the invention includes an electronic exchange platform that facilitates trading of financial contracts, whose values are derived from the occurrence or non-occurrence of specific political outcomes, via a simultaneous double auction market. | 09-22-2011 |
20110231300 | SYSTEM AND METHOD FOR AUTOMATED AUCTIONING OF WEB SERVICES - An automated auctioning system includes a customer, a web services register server (such as an Extended Markup Language (XML)-based registry server like an Universal Description, Discovery and Integration (UDDI) registry) and a number of web service providers. Automated auctioning processes of a web service desired by the customer are undertaken between the potential customer and the web service providers. The potential customer issues a bid request, and each web service provider determines whether the value of a bid in response to the bid request is below a value warranted by market demand and issues the bid if the value is higher. The potential customer assesses the bid, creating a bid assessment score. The potential customer performs an iteration on the bid assessment score using a new bid request if the score has improved since a last iteration, while engaging the web service if the score has not improved. | 09-22-2011 |
20110231301 | METHOD AND SYSTEM FOR POOLING COMPUTING SERVER RESOURCES - A method and system for pooling computing resources is provided. In an embodiment a system comprises a plurality of quotation servers connected to a quotation engine. The quotation is also connected to a clearing server. The quotation engine receives data representing quotations from different servers. The quotation engine also receives data representing actual trades from the clearing server. The quotation engine is configured to perform operations on the quotations and the actual trades in a fashion that deletes certain quotations to reduce consumption of computing resources on the quotation engine and thereby increase efficiency of processing of the quotes to arrive at a final quotation. The system also relieves processing burden on the quotation servers by shifting the processing to the quotation engine. | 09-22-2011 |
20110231302 | SPECTRUM MANAGEMENT SYSTEM - Transferring spectrum use rights may include ascertaining information regarding available spectrum for use in wireless communications. A request for spectrum use from a spectrum user system may be matched with available spectrum. A spectrum certificate may be issued to the spectrum user system, where the spectrum certificate contains at least one spectrum-related variable under which the spectrum user system is to engage in wireless communications. | 09-22-2011 |
20110238552 | Method And Apparatus To Facilitate Dynamic Resource Access In Wireless Networks - To address the need to fairly allocate resources to a number of competing and heterogeneous consumers, embodiments such as those depicted in diagram | 09-29-2011 |
20110238553 | ELECTRONIC ACCOUNT-TO-ACCOUNT FUNDS TRANSFER - Funds are electronically transferred between a provider and a beneficiary. A provider accountholder accesses a funds transfer system to communicate with a host. The provider accountholder sends the host information sufficient to process the electronic funds transfer including designating transfer conditions to be satisfied prior to remittance of the funds from a provider account to a beneficiary account. The host receives the funds transfer request from the provider accountholder, receives authorization of the funds transfer from the issuer of the provider account, and, prior to remitting the funds, determines if the transfer conditions are satisfied. In some implementations, the funds are suspended in the provider account or transferred to a temporary account before the remittance. A system is disclosed for generating a payment card for any beneficiary account type, where the funds transfers terminates in a new account opening, followed by funding of that new account. | 09-29-2011 |
20110238554 | SYSTEM AND METHOD FOR DIRECT CLIENT ACCESS FOR MANAGEMENT OF SECURITIES TRANSACTIONS - A computer implemented system and method provides for transmission of a parent shell order of which no portion is placed for execution until a respective child order is obtained. The shell order can be received from a device of an exchange member on behalf of a member's customer and the child orders can be received directly from a device operated by the customer. | 09-29-2011 |
20110238555 | METHOD AND SYSTEM FOR ELECTRONIC TRADING FROM SMART PHONES AND TABLET COMPUTERS - A method and system for electronic trading from smart phones and tablet computers. A selection input (e.g., a bar code, alphanumeric form, etc.) is received from a camera component on a smart network device application on the smart phone or tablet including one or more trading orders to execute one or more electronic trades. The one or more trading orders are extracted from the selection input on the smart network device application. The one or more electronic trades are automatically executed using one or more electronic trading orders extracted from the selection input from an Ask Bid Volume/Aggregated Book View (ABV) window with a dynamic price column. | 09-29-2011 |
20110238556 | SYSTEM FOR MATCHING INTERNAL ORDERS - A processor coupled to a memory may receive a first trading order from a first trading participant associated in the at least one database with a first entity, the first trading order comprising a price. The processor may, after receiving the first trading order, receive a second trading order from a second trading participant associated in the at least one memory with a second entity different from the first entity, the second trading order comprising the price. The processor may ordering the first trading order ahead of the second trading order in a trading order queue at the price. After receiving the first and second trading orders and while the first trading order is available for execution, the processor may receive a third trading order from a third trading participant associated with the second entity in the at least one memory, the third trading order being contra to the first and second trading orders at the same price. The processor may determining that the second and third trading orders are associated with the same entity in the database. The processor may, based at least in part on determining that the second and third trading orders are associated with the same entity, match at least a portion of the second trading order with at least a portion of the third trading order. The processor may cause the at least portion of the second trading order to be executed against the at least portion of the third trading order. | 09-29-2011 |
20110238557 | Method of Routing Instant Messages to Trading Customers and Converting Return Instant Messages into Executable Orders - A filter method of routing instant messages to customers and converting return instant messages into orders is disclosed for facilitating electronic trades of stock, stock options and other investment products. The filter method provides a step of generating a relational database of customer data, generating filter rules based on the customer, underlying stock and options data, selecting customers to receive a real-time trading data based on the filter rules, routing personalized instant messages to the selected customers, and converting return instant messages into executable orders. The filter method further serves as a platform from which other services, such as billing, auditing and logging, may extend to provide a complete business solution to its users. | 09-29-2011 |
20110238558 | REAL TIME TRADING - A computer based system for executing transactions involving financial instruments, comprising a central host computer system, and a network of client computer systems including browser-based software which is adapted to present different interfaces to different trading parties, and also adapted to enable the different parties to set permission filters which control the presentation of information relating to their own trading, to other parties. | 09-29-2011 |
20110238559 | System And Method For Facilitating Unified Trading And Control For A Sponsoring Organization's Money Management Process - An embodiment of the present invention provides a system, method, process, software and standards that enable a unified trading and control process utilized by sponsoring organizations and asset managers (money managers) for sub advised or externally managed investment portfolios as to increase control over the trading process by a sponsoring organization, enhance regulatory compliance, substantially lower trading costs and improve investment performance on a recurring basis for the shareholders and beneficiaries investing in registered and non registered mutual funds and institutional investment portfolios. | 09-29-2011 |
20110238560 | License market, license contracts and method for trading license contracts - A license exchange is provided that allows for companies who desire to obtain licenses for intellectual property and speculators to bid in order to set pricing for license contracts that provide for market rates to be set for such licenses. The exchange insures liquidity for such license contracts by providing market makers, scarcity features or modules and predetermined trading periods. In an embodiment the exchange may provide an electronic auction where license contracts may be traded by parties including patentees who may wish to avoid litigation and obtain fair and reasonable royalties for the patents underlying the license contracts being traded. The exchange also provides an alternate licensing resolution process where IP can be evaluated with respect to validity, valuated to determine a fair license rate and auctioned to licensees in a transparent bidding process. | 09-29-2011 |
20110238561 | Pharmaceutical Derivative Financial Products - The present invention describes the creation of derivative financial products such as options, futures, and other derivatives whereby the underlying asset of the derivative is based on a performance indicator, such as prescription volume or prescription market share, of one or more pharmaceutical product(s). | 09-29-2011 |
20110238562 | METHODS AND SYSTEMS FOR MATCHING AND EXECUTING TEST TRADING ORDERS - In various embodiments, real and test trading orders are received, processed, conditionally matched and results are transmitted back to the entities originating the orders. | 09-29-2011 |
20110238563 | Foreign Currency Index - Systems and methods are provided for trading and calculating the composition of foreign currencies indexed financial instruments. The compositions of the financial instruments are determined by calculating a geometric average of the exchange rates of foreign currencies with corresponding competitive weights. The competitive weights for each of the foreign currencies reflects competition between the goods of the United States and a country corresponding to the foreign currency in the markets of third countries. | 09-29-2011 |
20110246348 | Systems, Methods, and Apparatus for Creating and Trading Hybrid Derivative Financial Instruments - Computer systems, methods, and exchanges for generating and trading novel investment products (“Vxlshares”) are described. In some embodiments, the computer system comprises a computer-readable storage medium including data encoding a value for the Vxlshare based on an underlying. The computer-readable storage medium further includes data encoding an expiration date for the Vxlshare. The computer-readable storage medium of the computer further includes data encoding a price for trading the Vxlshare, the price for trading being a function of the underlying. The computer-readable storage medium also includes data encoding an alpha-numeric symbol for the Vxlshare. The computer is configured to enable execution of trades of the Vxlshare on a platform, such as options platform, an OTC platform, or a platform especially designed for the trading of Vxlshares, on which shares of fully collateralized instruments are traded. | 10-06-2011 |
20110246349 | EMISSION ALLOWANCE TRADING SYSTEM AND EMISSION ALLOWANCE TRADING METHOD - In order to disclose an emission allowance for each product and allow its trading on a product unit basis, the present invention manages, in a management server requesting execution of a settlement process to settlement servers which make settlement of the emission allowance, weight information of the emission allowance and identification information of a non-contact IC medium in association with each other and stores, in databases provided in the settlement servers, weight information of an emission allowance on a seller's side, seller's account information, weight information of an emission allowance on a buyer's side, and buyer's account information. When the non-contact IC medium removed from a product bought from the seller's side is sent from the buyer's side, a withdrawal process from the seller's account and a transfer process to the buyer's account are performed in the settlement servers in relation with the emission allowance traded between the seller's side and the buyer's side, based on the transmitted execution request of the settlement process and the information stored in the databases. | 10-06-2011 |
20110246350 | SYSTEM AND METHOD FOR ACTIVITY BASED MARGINING - A system and method for factoring in a trader's trading activity into the margin requirements is disclosed. In the securities arena, day traders are assessed different margins than non-day-traders, however, the specific profile of the trader is analyzed (that is, the same rule applies to all day traders). | 10-06-2011 |
20110246351 | Trading System - A Computer apparatus configured to process transactions in fungible assets on behalf of account holders on a client controlled, order by order basis, via account controlled and configured private books of business and public books, as well as proactively route public orders to external venues based on analysis of account-specific best execution configurations including venue cost assignments and account-specific venue routing parameters. | 10-06-2011 |
20110246352 | System And Method For Regulating Order Entry In An Electronic Trading Environment - A system and method are provided for defining slop parameters to an individual spread order or a customized group of orders. The system and method may be used to, for example, define inside slop, outside slop, and/or adjustable range parameters to one or more orders. The inside slop, outside slop, and/or adjustable range parameters may be input by a trader, and, among other things, allow a trader to prioritize orders, set parameters so that some orders are re-priced more aggressively than other spread orders. Alternatively, slop parameters associated with a spread order may also apply more restrictive slop parameters to orders within the same adjustable range. Slop parameters associated with a spread order can also be configured and modified by a trader based on the trader's preferences. Other features and advantages are described herein. | 10-06-2011 |
20110246353 | System and Method for Risk Management - A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Using the spread positions and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders. | 10-06-2011 |
20110246354 | FINANCIAL INSTRUMENT FOR A SPECIFIC DELIVERABLE PRODUCT ON A DAILY SETTLEMENT BASIS - A new class of instruments extends the use or operation of futures contracts to encompass specific deliverable products on a daily settlement basis. These new instruments can be created to cover a wide range of market sectors and financial classes. The new instruments are exchange traded instruments that define exactly and exclusively the instrument to be exchanged at the end of the trading period. | 10-06-2011 |
20110251940 | GRAPHICAL ORDER ENTRY USER INTERFACE FOR TRADING SYSTEM - On a display terminal of an electronic trading system, a graph is displayed having a first axis and a second axis, wherein the graph includes a curve corresponding to a range of values of a financial instrument. A user is allowed to select a portion of the graph. In response to the user selection of the portion of the graph, a trading dialog box is displayed on the display of the workstation, the dialog box being automatically populated with values for trading, the values based on the values of the selected portion of the graph. | 10-13-2011 |
20110251941 | MONEY TRANSFER SMART PHONE METHODS AND SYSTEMS - A method includes establishing a first funds transfer account associated with a first device and a second funds transfer account with a second device, funding at least the first fund account, and selecting the second device as the recipient of a funds transfer from the first device. The method further includes sending a communications link request from the first device to the second device and receiving acceptance of the communications link request from the second device. The method then establishes a communications link between the first device and the second device, initiates a funds transfer from the first device to the second device, wherein the amount is designated at the first device, and verifies the funds transfer amount, the first funds transfer account, and the second funds transfer account. Then, the method transfers the amount to the second funds transfer account associated with second device. | 10-13-2011 |
20110251942 | METHOD AND SYSTEM FOR ELECTRONIC TRADING ON A TRADING INTERFACE WITH A DYNAMIC PRICE COLUMN - A method and system for electronic trading on a trading interface with a dynamic price column. Prices displayed in dynamic price column are continuously, dynamically and automatically updated as a current market price changes. The trading interface includes a plurality of order entry modes to slow a display speed of the dynamic price column to a speed slower than a default display speed for the dynamical price column so an electronic trading order can be entered without missing a desired trade. | 10-13-2011 |
20110251943 | SYSTEM AND METHOD FOR DISPLAYING MARKET INFORMATION AND ORDER PLACEMENT IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for displaying a trading screen and placing an order in an electronic trading environment. The system and method may be used to assist a trader in selecting an item of interest, such as the inside market (best bid and best ask) to be displayed relative to a user configured location on the trading screen, such as the center of the trading screen. In a preferred embodiment, the inside market will stay located relative to center of the trading screen and the price levels associated to the inside market will move as the market conditions fluctuate. Other features and advantages are described herein. | 10-13-2011 |
20110251944 | TRADE ENGINE PROCESSING OF MASS QUOTE MESSAGES AND RESULTING PRODUCTION OF MARKET DATA - Systems and methods are provided for processing mass quote messages and generating market data. A mass quote message is received and individual orders are parsed and processed. Individual market data messages are stored in a market data message buffer. After all orders are processed, the contents of the market data message buffer is distributed as a single market data message. | 10-13-2011 |
20110258099 | FUTURES CONTRACTS ON RESTRICTED COMPENSATION SECURITIES - Futures contracts on options contracts are provided in which the duty to purchase the right to purchase a commodity or security may be agreed upon by two or more parties. The futures contract segment of the exchange device is the duty to purchase the underlying options contract at a specific time. The options contract segment of the exchange device is the right to buy an underlying security or commodity. Margin schemes may be included in either segment of the exchange device or the exchange device as a whole. | 10-20-2011 |
20110258100 | Systems, methods, and media for placing orders to trade securities - Systems, methods, and media for placing orders to trade a security are provided. In some embodiments, for example, methods comprise: receiving an order to trade a security; determining an execution rate for the order, determining a darkness threshold for the order; selecting one or more routes for one or more working orders of the order based on at least the darkness threshold; scoring the one or more routes; allocating size to the one or more working orders based on the scoring and the execution rate; creating the one or more working orders; and sending the one or more working orders to the one or more routes for execution. | 10-20-2011 |
20110258101 | METHODS AND SYSTEMS FOR LOSS MITIGATION, ACQUISITION AND DISPOSAL OF REAL-ESTATE ASSETS - In one embodiment, a method of loss mitigation and disposal of real estate related assets. The method comprises receiving and storing at least minimum bid and location information from a lender having an interest in the property that is to be disposed, receiving and storing an offer to purchase at least one property selected from the at least one property that is to be disposed from a prospective purchaser, receiving and storing information regarding a deposit provided to lender if offer to purchase at least one property is accepted by lender, marketing the at least one property that is to be disposed of to prospective purchasers and contacting the present owner of the at least one property that is to be disposed requesting formation regarding whether the present owner desires a loan modification, short sale, payment in exchange for keys of the at least one property that is to be disposed of. | 10-20-2011 |
20110258102 | Precious metal financial instrument - In accordance with the principles of the present invention, a computer-implemented precious metals investment product and process for pricing a precious metals composite product are provided. A measured unit of trade is established. The measured unit of trade comprises a plurality of precious metal components. The measured unit of trade is quoted and traded as a unit, thus allowing for uniformity in the ongoing offers to buy and sell a fixed quantity, or multiples of this fixed quantity, and pricing consistency for the metals. The precious metals components are backed by physical precious metals. The precious metals components are electronically tracked and priced in live market prices. Live pricing of the precious metals composite product is provided utilizing the live pricing of the precious metal components. An investor retains the option to take delivery of their precious metals or to liquidate by a plurality of methods. | 10-20-2011 |
20110258103 | TOTAL FAIR VALUE SWAP - A synthetic instrument known as a “Total Fair Value Swap” is disclosed. According to one embodiment, the Total Fair Value Swap may comprise an agreement between two counterparties, a “Fixed Rate Payer” and a “Floating Rate Payer”. According to the agreement, the Fixed Rate Payer makes a stream of payments to the Floating Rate Payer based on a fixed rate, and the Floating Rate Payer makes a second stream of payments to the Fixed Rate Payer based on a floating rate, wherein a first portion of the floating rate is based on a reference interest rate, and wherein a second portion of the floating rate is based on a credit spread associated with the Floating Rate Payer. The reference interest rate may be, for example, London Inter-Bank Offer Rate (LIBOR), prime interest rate, the US dollar swap rate, the U.S. Treasury Bond rate or any other widely traded interest rate that is reset periodically. The credit spread may be observed from the Credit Default Swap (CDS) market. | 10-20-2011 |
20110258104 | SYSTEM AND METHOD FOR PRICE-BASED ANNOTATIONS IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method for generating and displaying annotations in relation to one or more prices corresponding to trader-related or market related events are described. In one embodiment, a trader may enter an annotation to be displayed in relation to one or more price levels. Alternatively, a trader may configure a dynamic annotation to be dynamically displayed in relation to some price level(s) upon detecting a predetermined event related to one or more tradeable objects. Also, a trader may configure one or more alarms to be displayed or played in combination with the annotations. | 10-20-2011 |
20110258105 | Regulating Order Entry in an Electronic Trading Environment to Maintain an Actual Cost for a Trading Strategy - A system and method for regulating order entry based on an acceptable slop range for a trading strategy are described. According to one example embodiment, a trader may define an acceptable slop range for a trading strategy as a percentage. The trader may also define a variable to associate with the trading strategy. Using a spread trading algorithm, a spread price axis is generated and the trader may place an order for the trading strategy at a desired price, comprising placing an order in one leg market dependent on the market conditions of another leg market. Using the acceptable slop range, the system keep the net cost to the trader within the acceptable slop range, by regulating orders in the leg markets. Defining an acceptable slop range as a percentage allows the trader to monitor and regulate their profits and loss, regardless of the type of spread trading algorithm used or the placement of an order on the spread price axis. | 10-20-2011 |
20110258106 | SINGLE-PERIOD AUCTIONS NETWORK DECENTRALIZED TRADING SYSTEM AND METHOD - A method and system serve for network dealing for conducting single-period auctions where there is one seller and at least one buyer, but typically multiple buyers. The method and system allow for posting of at least one or multiple items offered for sale on a network by a computer at the seller interconnected to other computers on the network. Bids are submitted by buyers for the items offered for sale with the seller requiring predetermined information about the buyer submitting bids before determining a selling price. The seller applies a selected set of criteria to strike out bids the seller does not wish to consider and applies a seller determined criteria to determine the price at which the seller is willing to sell the item(s). | 10-20-2011 |
20110258107 | SYSTEM AND METHOD FOR ESTIMATING AND OPTIMIZING TRANSACTION COSTS - A method and system for forecasting the transaction cost of a portfolio trade execution that may be applied to any given trade strategy or an optimal trade strategy that minimizes transaction costs. In preferred embodiments, a server comprises one or more computers that act as an automated forecaster whereby it accepts user-defined input variables from customers and generates a transaction cost estimation report based on those variables. The server is programmed with specific transaction cost estimation and optimization algorithms that model the transaction costs of a specific trade execution based on the user's trading profile and market variables. | 10-20-2011 |
20110258108 | SYSTEM FOR MATCHING ORDERS FOR FUTURES CONTRACTS WHICH FACILITATE ELECTRONIC TRADING OF OVER THE COUNTER FUTURES CONTRACTS - An electronic trading system and method is disclosed for matching orders for various asset classes including futures contracts and the subsequent settlement and clearance of such contracts. The electronic trading system is configured to be connected to one or more electronic exchanges and is also configured to interface with the existing infrastructure of the front office software of a trading firm, broker or dealer to provide the best fill for traders by enabling electronic trades to be executed both on the exchange and over the counter. In one embodiment of the invention, a local order book is established thereby establishing an independent pool of liquidity of the asset class of interest. | 10-20-2011 |
20110258109 | Out of Band Credit Control - Systems and method for mediating risks associated with orders in an electronic trading system are provided. A front end component includes a plurality of trading engines that receive orders from traders. A back-end component includes a match system. The system includes a credit control module, which may be located at the back-end (e.g., clearinghouse), front end, a combination thereof, or other location that communicates with the plurality of trading engines. The credit control may monitor aggregate risk parameters for the trading engines and requests credits from trading engines. | 10-20-2011 |
20110264576 | SYSTEM AND METHOD FOR PROCESSING COMPOSITE TRADING ORDERS - A system for processing a composite trading order comprises a memory operable to store market data received from one or more market centers. The system further comprises a processor operable to generate a composite value based at least in part on the market data. The processor is further operable to receive a composite trading order associated with at least a portion of the composite value. The processor is further operable to generate a plurality of constituent trading orders that, when filled, combine to satisfy the composite trading order. | 10-27-2011 |
20110264577 | SYSTEM AND METHOD FOR RAPIDLY CALCULATING RISK IN AN ELECTRONIC TRADING EXCHANGE - Latency in electronic trading is dramatically reduced by delaying trade order validation until a match or trade can potentially occur. If a new order does not meet the matching criteria for an existing order in an order book, then the new order is stored in the order book without performing validation processing in a first example embodiment. In a second example embodiment, the order is stored in the order book before validation has completed. But if a new order meets matching criteria for an existing order stored in an order book, then order validation processing is performed for both of the matching orders. Once the order validation processing is successfully completed for both of the matching orders, then the trade is executed. Order validation processing includes both risk calculations and account validations, (e.g., checking to ensure the party has the necessary money or collateral if a buyer or is the owner if a seller). If the order validation processing is not successfully completed for both of the matching orders, then the trade is rejected. | 10-27-2011 |
20110264578 | AUTOMATED TRADING SYSTEM - A communication interface ( | 10-27-2011 |
20110264579 | System and Method for Creating a Market Map in an Electronic Trading Environment - A market map interface displays market information and trader-related information associated with at least two tradable objects. In one embodiment, the at least two graphical interfaces may be linked, and a user may define one or more adjustment parameters to be used to adjust the view of information being displayed via the linked graphical interfaces. For instance, a user may initiate repositioning of one of the linked graphical interfaces, thus, effectively, causing other linked graphical interfaces to be repositioned according to the defined adjustment parameters. | 10-27-2011 |
20110270730 | SYSTEM AND METHOD FOR PROCESSING COMPOSITE TRADING ORDERS - A system for processing a composite trading order comprises a memory operable to store market data received from one or more market centers. The system further comprises a processor operable to generate a composite value based at least in part on the market data. The processor is further operable to receive a composite trading order associated with at least a portion of the composite value. The processor is further operable to generate a plurality of constituent trading orders that, when filled, combine to satisfy the composite trading order. | 11-03-2011 |
20110270731 | Apparatus, Methods and Articles of Manufacture for Computerized Transaction Execution and Processing - Apparatus, methods and articles of manufacture for n-tier transaction execution and processing are shown. The first layer comprises a presentation layer in the form of a user interface for entering instrument orders, modifying orders, and monitoring orders, instruments and markets. The second layer comprises an intermediate component layer for information transfer, and the third layer comprises an information source layer for feeding information to and accepting information from the first two layers. | 11-03-2011 |
20110270732 | DISPLAY/USER INTERFACE FOR TRADING SYSTEM - This application discloses a display and/or user interface for viewing information relating to tradable items such as financial interests and/or for use in a trading system for such items. Offer and bid prices for the tradable item are displayed according to an alignment, e.g., vertically. The prices move along the alignment in accordance with received price updates. Persistence of at least a part of an earlier display is provided in a later display for indicating a market change or changes. A shift in the positions of one or more of the prices in the alignment and some visual persistence relative to one or more earlier prices provide an easily perceived visual indication to the viewer of changes in prices and direction of a market change or change relating to a reference value or benchmark from a first time to a second time. The displayed prices may include a last price, best offer and bid prices and depth of market prices. A cell is provided for each price and a color indicator for a price to be persisted is implemented, e.g., as a background coloring of the cells. Best offer and bid prices may be indicated by a first color, e.g., white, depth of market offer prices indicated by a second color or colors in one color family, e.g., green, and depth of market bid prices indicated by color or colors in another color family, e.g., red, with the particular color becoming more intense (e.g., darker) as the price worsens. | 11-03-2011 |
20110270733 | Computer and Network Implemented Money Market Instrument Portal with SWIFT Message Confirmation of Transactions - The present invention relates to a method, system and platform for money market mutual fund purchasing for cash management. In particular, it relates to facilitating book order entry transactions for cash managers that have multiple banking relations and that diversify their cash management by purchasing money market mutual funds from multiple unaffiliated providers. The technology disclosed supports electronically receiving instructions that select among the unaffiliated providers' products, electronically issuing binding orders and binding transfer instructions for settlement, and using SWIFT messages to confirm the transfers to the cash managers. The cash managers' instructions may be received in a variety of forms. In some implementations, this technology is extended to reconcile balances and holdings after execution of the orders and transfers, and to flag any discrepancies. | 11-03-2011 |
20110270734 | METHOD AND SYSTEM FOR TRADING OPTIONS - Device, system and method of trading an option. A method may include executing, by a computing device, at least one transaction of an option on an underlying asset using at least one of a bid price and an offer price, wherein a bid/offer spread between the bid price and offer price is the result of a calculation using first data corresponding to at least one parameter defining the option and second data corresponding to at least one current market condition relating to the underlying asset. | 11-03-2011 |
20110270735 | Establishing an Inventory Management and Trading Application for Alternative, Illiquid Repurchase Agreement Markets - The invention relates to a system and method for repo trading. The invention facilitates the inventory collection, organization, and search of the long and short positions of financial instruments such as corporate bonds and equities through the provision of a database. The invention also provides users with the ability to match borrowers and lenders with opposing positions for financial instruments. In a second embodiment the invention provides a system for creating pseudo-securities, from a diverse population of corporate bonds or equities that meet parameters specified by a user. | 11-03-2011 |
20110270736 | Optimizing execution of trading orders based on trading order metric - A system for processing trading orders comprises an optimizer module operable to receive a first trading order and a second trading order. The optimizer module is further operable to receive market data associated with at least one market center. The optimizer module is further operable to determine whether to transmit the second trading order to the at least one market center prior to transmitting the first trading order to the at least one market center, the determination based at least in part on the market data. | 11-03-2011 |
20110270737 | ORDER RISK MANAGEMENT FOR DERIVATIVE PRODUCTS - Systems and methods are provided for processing derivative product orders at an exchange. Traders provide derivative product order risk data to the exchange. The order risk data may include maximum delta, gamma and/or vega utilization values for derivative product contracts based on the same underlying product. Before executing a trade, a match system analyzes the trader's current utilization state and the utilization that would result after the trade. The match system may then execute all or a portion of the trade. | 11-03-2011 |
20110270738 | AUCTION WITH INTEREST RATE BIDDING - A method, apparatus, system and non-transitory machine-readable medium are provided for declining auctions with interest bidding. According to one embodiment, offers are received from respective bidders in a bid receiving process to transact a financial instrument, the offers being expressed as offered interest rates at which the corresponding respective bidders are willing to transact the financial instrument. The bid receiving process is utilized in a declining auction characterized by a reducing a published interest rate at which the financial instrument is offered for sale. The reducing of the published interest rate is performed automatically and responsive to a lack of bidding activity. Further there is a determining whether at least one of the offers satisfies transaction criterion. | 11-03-2011 |
20110270739 | System and Method for Improved Distribution of Market Information - A data distribution system and method are described herein to improve the distribution of market information to subscribing client devices. Market information updates are provided to subscribing devices over a communication link every time a change in the market occurs. If a bandwidth limitation is reached on the communication link, the preferred embodiments switch to a second mode of transmission such that the market information updates are provided only at predetermined intervals. The preferred embodiment monitors the bandwidth consumption to determine what mode of transmission to apply, and in response, it can dynamically change between modes of transmission. By dynamically adjusting the mode of transmission to comport with the current network bandwidth, the preferred embodiments may provide a network friendly, data intensive, and fast response market information feed. | 11-03-2011 |
20110276454 | System and method for providing a platform for the trade of exotic options - The present invention is a system and method for providing a platform for the trade of Exotic F.I.s. According to some embodiments of the present invention, there may be provided a server or server cluster including at least one Interfacing Server adapted to interface with a user, possibly via a distributed data network such as the internet. The IS1 may be adapted to present to a user an Exotic F.I.s trading platform, to receive from a user trade instructions and execute them. The platform may include innovative trade options including batch trade options, series trade options, parlay trade options and “close now”/“extend” options. | 11-10-2011 |
20110276455 | AUTOMATED TRADING SYSTEM - An anonymous trading system is configured to receive a price stream from a bank or other institution. The price stream is converted into a quote stream and input into the trading system via an automated trading interface. The quote stream has its own deal code. The deal code credit limits are set so that the only parties that have credit with the deal code are other deal codes of the same institution. At least one of these deal codes represents a prime broker bank and prime broker customers therefore have access to the institution's price stream to the exclusion of other parties trading on the system. A distributor distributes the quotes from the trading system to the prime broker customers' traders, to prime broker customer automated trading interfaces, and to prime broker customer deal feed systems for logging of deal tickets and communication of those deal tickets to back office systems. | 11-10-2011 |
20110276456 | System and Method for Providing a Platform for the Trade of Financial Instruments - The present invention is a system and method for providing a trading platform for the trade of F.I.s. According to some embodiments of the present invention, there may be provided a server or server cluster including at least one Interfacing Server adapted to interface with a user, possibly via a distributed data network such as the interne. The IS1 may be adapted to present to a user a trading platform, to receive from a user trade instructions, via the platform, and execute them. The trading platform may include innovative trade options including mid-trade options (e.g. trade insurance), batch trade options, series trade options, parlay trade options and “close now”/“extend” options. | 11-10-2011 |
20110276457 | COMPOUND ORDER HANDLING IN AN ANONYMOUS TRADING SYSTEM - Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order. | 11-10-2011 |
20110276458 | SYSTEM FOR MANAGING INTERNET TRADING NETWORKS - A system for performing a method for managing a supplier for participation in trading networks. The method includes: receiving from each trading network a volume commitment consolidating volume commitments for offerings of commodities and services; negotiating with each trading network to supply to customer members of the trading network the commodity or service; storing, for each trading network for each supplier, attributes including start date, end date, services and products offered to the trading network, and payment flow for the commodities and services; offing a trading network package based on negotiations occurring before receiving purchase requests from the customer members, the trading network package including: (i) a value-add service offering to the customer members for a fee, and (ii) a managed package for which a customer member provides a volume commitment and actual purchases are tracked; and negotiating price discount levels for committed levels of demand from the trading networks. | 11-10-2011 |
20110276459 | SYSTEM AND METHOD FOR EXECUTING STRATEGY SECURITY TRADING - A computer implemented method and system for executing block trades for a security includes steps or devices for receiving a block trade request, at a computer system. The block request includes data representing a quantity of shares of the security to be traded over a period of time. The computer system divides the period of time into a plurality of time bins. A computer system, for the received block trade request, computes, for each time bin, a number of shares to be traded as a trading target based on at least historical trading volumes using predictive analysis. For a first time bin, a computer system generates executable trade orders for a number of shares to be traded that is substantially equal to the trading target for the first time bin. A computer system executes at least a portion of the executable trade orders in a trade forum within each time bin in the future. | 11-10-2011 |
20110276460 | SYSTEM AND METHOD OF IMPLEMENTING MASSIVE EARLY TERMINATIONS OF LONG TERMFINANCIAL CONTRACTS - A method of and system for terminating or assigning outstanding OTC derivative transactions between a plurality of financial institutions (banks). The system comprises: a processing station arranged to receive transaction data describing a plurality of transactions from a plurality of banks via the Internet. The processing station comprises: a linking module for linking different versions of the same transaction received from different parties to that transaction; an analysis module for determining a set of linked transactions between a plurality of different banks, wherein each bank has debts and claims towards other banks in the set; a calculation module arranged to calculate an aggregated value of each set of linked transactions and select the set of linked transactions which has an aggregated value within bank-specified tolerance limits acceptable for executing a termination; and an execution module for executing a termination or assignment of the selected set of linked transactions. | 11-10-2011 |
20110276461 | SYSTEM AND METHOD OF IMPLEMENTING MASSIVE EARLY TERMINATIONS OF LONG TERMFINANCIAL CONTRACTS - A method of and system for terminating or assigning outstanding OTC derivative transactions between a plurality of financial institutions (banks). The system comprises: a processing station arranged to receive transaction data describing a plurality of transactions from a plurality of banks via the Internet. The processing station comprises: a linking module for linking different versions of the same transaction received from different parties to that transaction; an analysis module for determining a set of linked transactions between a plurality of different banks, wherein each bank has debts and claims towards other banks in the set; a calculation module arranged to calculate an aggregated value of each set of linked transactions and select the set of linked transactions which has an aggregated value within bank-specified tolerance limits acceptable for executing a termination; and an execution module for executing a termination or assignment of the selected set of linked transactions. | 11-10-2011 |
20110276462 | SYSTEM AND METHOD FOR CHANGING THE VIEW OF A TRADING SCREEN - A trading screen displays market information, such as working orders, buy and sell orders, and other items of interest, in association with values on a value axis. Each item of interest is therefore displayed in relation to the value axis to provide a trader with an intuitive display of the market. In one embodiment, a user can select a location associated with a particular value on the trading screen and upon an selection, for example, by a click of the mouse button, the value axis is repositioned so that the selected value is moved to a predefined location. During which, market information is moved to new locations that are associated with their respective values on the value axis. | 11-10-2011 |
20110276463 | SYSTEM AND METHOD FOR A TRADING INTERFACE INCORPORATING A CHART - A graphical interface and method are provided for displaying market information corresponding to a tradeable object. One graphical interface includes a chart region for displaying historical market data in relation to a first value axis, and a market grid region in alignment with the chart region. The market grid region comprises a plurality of areas for receiving commands from a user input device to send trade orders, and the areas are displayed in relation to a second value axis. A plurality of values displayed along the second value axis is a subset of values displayed in relation to the first value axis, and can be modified to a new plurality of values that corresponds to a new subset of values on the first value axis. | 11-10-2011 |
20110276464 | SYSTEM AND METHOD FOR GENERATING REAL-TIME INDICATORS IN A TRADING LIST OR PORTFOLIO - A trading platform computer system for detecting an abnormal trading condition of a security uses real-time and estimated values of one or more variables associated with the condition of the security to generate one or more analytic metrics that are compared to empirical distributions based on one or more peer groups for the security. An indicator can then be displayed to a trader as an indication of the abnormal condition. | 11-10-2011 |
20110282773 | Method For Sequestering Carbon Dioxide Via Fertilization Of A Body Of Water From The Air, And For Acquiring Compensation Therefrom - A method of sequestering carbon dioxide in a body of water such as an area of ocean by seeding the water surface with a fertilizer including iron. The seeding is conducted from the air using an aircraft equipped with a device to record or otherwise document the details of the iron distribution, where the method of distribution has been approved in advance for acquisition of carbon sequestration credits by an appropriate agency. Evidence of the success of the application is presented to the appropriate regulatory body and the carbon credits acquired. | 11-17-2011 |
20110282774 | Beehive Planet Method: Collective Property Buying and Mass Securitization of Real Estate through a Real Estate Buyer's Club Brokerage service and a Real Estate Securities Exchange - Beehive Planet Method is a computerized method spanning Real Estate and Finance fields. It creates an investment avenue for the registered investor base of a real estate brokerage through mass securitization of investment real estate into single property, no to low leverage, tradable securities created through the brokerage's services leading to a new demand based trading environment where collective purchasing creates real estate securities in primary market that trade on an inseparably linked Securities Exchange in secondary market. It uses Property Management standardization with operation and leverage classifications and exchange determined valuations and limits to convert single properties into tradable financial instruments. Complete computerization with automated property selection and collective purchasing conduct data transformation of investment criteria within buyer groups into trade transactions on an electronic exchange. Finally, it fills a void by opening up large scale investment in properties with complete investor control over choice of invested property. | 11-17-2011 |
20110282775 | System and Method for Improved Order Entry Using Market Depth - Market depth information pertaining to the hedging side is utilized to intelligently break a non-hedging order into multiple orders, such that the orders rest at cascading price levels. This way, the trader can benefit from sweeps in the book and still properly account for the market depth on the hedging side. Further, there is a greater probability of receiving “partials” on the spread order. In addition, hedge orders may be sent at multiple price levels, or sent to the market in pieces over time. By applying a more intelligent process to hedge orders (as opposed to “fire and forget”) an alternative beyond limit orders that can be leged or market orders is provided. | 11-17-2011 |
20110282776 | AUTOMATIC GENERATION OF AN ORDER IN AN INSTRUMENT IN A SPECIFIED CURRENCY - In an automated trading system wherein orders in an instrument in a specified currency are received and a trade in the instrument is performed when, for a certain volume of the instrument, a bid price matches an ask price, a method is provided for automatically generating an order in the instrument in said specified currency. The method comprised the steps of receiving from e.g. a currency market or a market maker a current exchange rate between a currency other than said specified currency and the specified currency; receiving from a trader an order in the instrument in said other currency; calculating a price of the order in the specified currency based on the received order and the current exchange rate; and generating the order in the instrument in the specified currency. | 11-17-2011 |
20110282777 | METHOD, APPARATUS AND INTERFACE FOR TRADING MULTIPLE TRADEABLE OBJECTS - An interface for trading multiple tradeable objects includes a price axis or scale. A first indication of quantities represented in a market for a first tradeable object is displayed in association with the price axis or scale. A second indication of quantities represented in the market for a second tradeable object is displayed in association with the price axis or scale. The first tradeable object may be different than the second tradeable object. Alternatively, the first tradeable object and the second tradeable object may be the same, but the indications of quantity may be provided from different sources, such as different exchanges. | 11-17-2011 |
20110288979 | Premium Computation Device for Currency Option, Program, and Storage Medium - As options used to compute a premium of a currency option to be evaluated, forward delta call/put plain options based on a forward rate are applied in addition to an ATM plain option, volatilities of the forward delta call/put plain options are computed, and an exercise price of the forward delta call plain option is computed using the volatility and an exercise price of the forward delta put plain option is computed using the volatility, thereby using the computed results for a computation of a premium for computing a correction value. | 11-24-2011 |
20110288980 | System and method for block trading - A method and system for trading financial instruments which reduces the leakage of trading interest when buyers and sellers of financial instruments desire to trade. Accordingly, in one embodiment, a trading system allows traders to speculate on the hidden liquidity in the market by offering liquidity at fixed prices which are inferior to the NBBO (National Best Bid Offer) in exchange for rights to sweep the market for better priced quotes. In another embodiment of the invention, a liquidity provider can set their own fee. This fee is charged to the liquidity taker if their quote is executed. This fee compensates traders for the risk of taking a position in a financial instrument. In another embodiment of the invention, dummy orders are used to reduce trading interest leakage when limit orders are placed into order books. In another embodiment of the invention, a trading system will only match liquidity taking orders with single liquidity providing orders of equal or greater in size. | 11-24-2011 |
20110288981 | METHOD OF TRADING IN REAL ESTATE DERIVATIVES - A method of computing a real estate derivative index value includes: selecting asking rent data; selecting lease rent data; and combining the selected asking rent data and the selected lease rent data to form the index value. The method may further include further combining the combined data with a value representative of general market conditions; forming a composite index of data from plural markets; or computing the index at the end of a time period as: | 11-24-2011 |
20110288982 | SYSTEM AND PROCESS FOR TRADING A PHYSICAL COMMODITY - A system for trading a physical commodity that is geographically dispersed or of variable quality, the system including: a market maker component operative to maintain price data representing a buy price and a sell price for trading the commodity being constant with respect to: (i) the pickup and delivery locations of the commodity if the commodity is geographically dispersed; and (ii) the quality of the commodity if the commodity has two or more quality levels; and a trading component operative to receive offer data representing buy and sell offers from a plurality of buyers and sellers of the commodity, the trading component being configured to match each of at least a portion of the buy and sell offers with a corresponding one of the buy price and sell price to execute over-the-counter trades in the commodity with the market maker component. | 11-24-2011 |
20110288983 | SYSTEM AND METHOD FOR TRADING IN A FINANCIAL MARKET - A computer system for executing transactions in a financial market, the system including: (a) a price calculator for calculating blended pricing data from source pricing data received from one or more pricing sources which are independent of any parties to the transaction, the blended pricing data representing a blended bid and blended offer; (b) an automatic transaction processor for automatically executing transactions between a broker-controlled account and an account owned by a predetermined independent market entity based on transaction data generated by a broker-controlled computing apparatus using the blended pricing data; and a pricing data feed handler in communication with the price calculator for transmitting the blended pricing data to the broker-controlled computing apparatus. | 11-24-2011 |
20110288984 | SYSTEM AND METHOD FOR ENABLING CUSTOM PORTFOLIO DEFINITION IN AN IP MARKETPLACE - A comprehensive platform for merchandising intellectual property (IP) and conducting IP transactions is disclosed. A standardized data collection method enables IP assets to be characterized, rated and valuated in a consistent manner. Project management, workflow and data security functionality enable consistent, efficient and secure interactions between the IP Marketplace participants throughout the IP transaction process. Business rules, workflows, valuation models and rating methods may be user defined or based upon marketplace, industry or technology standards. | 11-24-2011 |
20110288985 | SYSTEM AND METHOD FOR ENABLING CHANNEL RELEVANCY AND RATING IN AN IP MARKETPLACE - A comprehensive platform for merchandising intellectual property (IP) and conducting IP transactions is disclosed. A standardized data collection method enables IP assets to be characterized, rated and valuated in a consistent manner. Project management, workflow and data security functionality enable consistent, efficient and secure interactions between the IP Marketplace participants throughout the IP transaction process. Business rules, workflows, valuation models and rating methods may be user defined or based upon marketplace, industry or technology standards. | 11-24-2011 |
20110288986 | SYSTEM AND METHOD FOR DYNAMICALLY REGULATING ORDER ENTRY IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for trading a trading strategy defined for at least one tradeable object in an electronic trading environment. More specifically, one example method includes using a first pay-up tick value to determine a first acceptable price level for an order associated with the trading strategy, automatically modifying the first pay-up tick to a second pay-up tick value in response to detecting a predefined condition, and using the second pay-up tick value to determine a second acceptable price level for the order associated with the trading strategy. | 11-24-2011 |
20110288987 | IMPLIED MATRIX FOR TRADEABLE OBJECTS - System and methods for displaying implied market data are developed. One example method includes displaying a plurality of indicators corresponding to a plurality of tradeable objects via a graphical interface. Upon identifying a first tradeable object, the method includes determining an implied relationship between the first tradeable object and the at least one of the plurality of tradeable objects. The method further includes displaying a graphical indicator in relation to an indicator corresponding to the first tradeable object and at least one indicator corresponding to the at least one of the plurality of tradeable objects to indicate an implied relationship between the first tradeable object and the at least one of the plurality of tradeable objects. | 11-24-2011 |
20110295734 | System and Method for Implementing and Managing Basis Futures - A method for implementing a basis futures contract is disclosed. The method includes receiving trade data at a server, defining, at the server, a first futures contract based on an index identified in the received trade data, defining, at the server, a second futures contract based on a basis associated with the index identified in the received trade data, such that the basis reflects a fair value associated with the first futures contract, listing, via a match module, at least the second futures contract, matching, via the match module, at least the second futures contract, and calculating, at the server, a final settlement price associated with the first contract based on a daily settlement price of the index and a basis future settlement price associated with the second contract. | 12-01-2011 |
20110295735 | SYSTEMS AND METHODS FOR PROVIDING FINANCIAL INSTRUMENTS INCLUDING CONTRARY POSITIONS - A market for trading hedged instruments is provided. The market includes at least one hedged instrument having a value based at least on a first position on a first tradable instrument and a second position on a second tradable instrument. The second position is contrary to the first position. | 12-01-2011 |
20110295736 | SYSTEM AND METHOD FOR RELATIVISTIC STATISTICAL SECURITIES TRADING - A system comprising a processor configured to calculate a location for a server along a communication link between a first trading center and a second trading center based at least in part on a property of the communication link. The server may be configured to send first trade instructions for trading a first financial instrument to the first trading center and send second trade instructions for trading a second financial instrument to the second trading center. | 12-01-2011 |
20110295737 | Settling Over-The-Counter Derivatives Using Synthetic Spot Benchmark Rates - Techniques and systems for settling over-the-counter financial instruments includes sampling over a periodic interval are disclosed. A volume weighted average price of the sampled process may be calculated and forward points may be applied to the volume weighted average priced to determine an associated spot exchange rate. Such a synthetic spot FX exchange rate may be published to subscribers. Over-the-counter financial derivatives may establish delivery obligations according to the spot exchange rate. In the event where a number of transactions during the sampling period is less than a threshold, a midpoint of bids and asks associated with orders for the exchange traded financial derivative may be used to determine an average of the midpoint, to which the forward points may be applied to determine the spot exchange rate. Alternatively, the time-weighted average of the bid and ask orders during a periodic interval may be used in computing the volume-weighted average price. | 12-01-2011 |
20110295738 | AQUA INDEX - A method and system for computing a stable index value of a regulated substance by computing a virtual value of the substance based on the value of a freely marketed product of the substance. Particularly the invention may be applied to develop a stable investment instrument for investing in fresh water. | 12-01-2011 |
20110302069 | Treasury Funded Structured Settlements - Maximizing the safety of funds paid by a defendant for the benefit of a claimant as specified in a structured settlement agreement in settlement of a personal liability or worker's compensation claim, and minimizing income taxes due from the claimant as a result of the receipt of payments arising from the settlement. A trust is established as owner of trust property, which is provided by the defendant; substantially all of the trust property is invested in uniquely identified United States Treasury obligations; and periodic payments to the claimant are made in accordance with the payment schedule using proceeds derived from the trust property. The claimant is provided with a security interest in the United States Treasury obligations that will be automatically perfected in the event of the bankruptcy of the safekeeper. | 12-08-2011 |
20110302070 | Systems and Methods for Netting of Transactions - An aspect comprises a computer readable memory that stores information regarding a first derivatives transaction between a first entity and a second entity; and a processor unit that calculates, based on the information regarding the first derivatives transaction, one or more parameters for each of a second derivatives transaction and a third derivatives transaction; wherein the second derivatives transaction is between a clearing entity and the first entity, and the third derivatives transaction is between the clearing entity and the second entity; wherein the second derivatives transaction provides a substantially similar effect to the first entity as the first derivatives transaction; wherein the third derivatives transaction provides a substantially similar effect to the second entity as the first derivatives transaction; wherein the clearing entity is a limited recourse central counterparty, and wherein the processor unit comprises one or more processors. | 12-08-2011 |
20110302071 | System and Method Of Listing And Dividing Assets Between Two Or More Parties - The present invention comprises a system and method for dividing assets in an estate. First, the assets of the estate are populated in a catalog. A survey is distributed to all parties to gain pertinent information relating to their interests in the estate. The system will incorporate the party's intent when determining a course of action for division of assets. The system will gather the party's interest in items, establish an agreed monetary value for all items, receive bids for items based on emotional interest, offer parties the opportunity to bid on items with real currency, and finally divide remaining assets by means of selection. The parties will have the opportunity to barter their items with each other. If a party has received more than their fair share of the estate, they must pay the balance to the estate. | 12-08-2011 |
20110302072 | METHOD AND SYSTEM FOR THE INTEGRATION OF FIXED INCOME FINANCIAL INSTRUMENTS - An electronic trading platform for cash and cash futures (options) is provided in which the cash and cash futures (options) markets are combined together in a single platform. The cash and cash futures (options) markets can be traded on the same screen. The electronic trading platform also brings the cash futures (options) in line with the cash markets. In another aspect, the electronic trading platform for cash and cash futures (options) enables the automatic matching of bids and offers. In another aspect, an OTC cash future (option) can be provided. | 12-08-2011 |
20110302073 | METHOD AND APPARATUS FOR PRICE IMPROVEMENT, PARTICIPATION, AND INTERNALIZATION - A method for stock option trading includes receiving an option order at a market, contemporaneously receiving a copy of the option order at an electronic drop (EDrop) system, which is separate and distinct from the market, obtaining a potential cross quantity and a potential cross price based on the option order at the EDrop system, and submitting, through the EDrop system, a contra-order, with respect to the option order, to the market for fulfillment, wherein the contra-order specifies at least one of an underlying security potential cross quantity, and the potential cross price. | 12-08-2011 |
20110302074 | SYSTEMS AND METHODS FOR ENABLING TRADING OF CURRENCY - Systems and method of enabling trading in currencies are provided. A method of trading a foreign currency option on an electronic trading system according to the invention may include executing a trade of the foreign currency option between a buyer and a seller, locking the trading system with respect to the traded foreign currency option, querying the buyer whether the buyer desires to buy or sell additional volume of the option, querying the seller whether the seller desires to sell or buy additional volume of the option, and authorizing additional participants to join the trade and querying the additional participants whether each of the additional participants desires to buy or sell a volume of the option. The method may also include starting a countdown timer and displaying the timer on the graphical user interface of the buyer, the seller and the additional parties and receiving buy and sell orders from the at least one of the buyer, the seller and additional participants. Following the expiration of the countdown timer, the method preferably includes matching existing buy orders and sell orders for the option. In one embodiment of the invention, the matching occurs according to a predetermined order priority. | 12-08-2011 |
20110302075 | BOND ISSUE RISK MANAGEMENT - The present invention provides an auction system that allows bond issue sales to be offered in an open and transparent manner, wherein, a certain percentage (up to 100%) of bonds in a bond issue can be offered to qualified bidders at a “buy now” pre-auction price, set by an issuer and/or lead manager. Investors can be allowed to “bid some bonds out of the auction process” and thus guarantee their allocation and also allow bidders to participate in an open auction for other bonds. Bonds to be offered in a bond issue can include a subset of pre-auction price bonds and a subset of auction price bonds. The pre-auction price bonds are offered to pre-auction bidders at a pre-auction price, and auction bonds are generally sold to the highest bidder. Pre-auction sales can serve as a catalyst for generating enthusiasm for an associated bond issue auction. | 12-08-2011 |
20110307365 | Computer Method and System for Intermediated Exchanges - In a preferred embodiment, this invention includes software processes distributed on one or more computer systems that exchange messages in order to facilitate an intermediated exchange of financial commodities between a plurality of participants. The messages are exchanged according to a preferred protocol that leads to a satisfactory exchange that meets the objectives of the participants, and that substantially maximizes in a fair manner the total amount of financial commodities exchanged. Optionally, the invention employs heuristic rules in association with the preferred protocol that adapt the protocol to the time and exchange requirements of financial commodities. In other embodiments, this invention is equally applicable to the exchange of any tangible or intangible commodities. In a general embodiment, this invention further includes a preferred message-exchange protocol for the construction of computer programs representing exchange participants and an intermediary. These constructed computer programs exchange messages such that a satisfactory intermediated exchange of commodities is substantially certain to be achieved. | 12-15-2011 |
20110307366 | METHOD AND SYSTEM FOR NOTIFYING CUSTOMERS OF TRANSACTION OPPORTUNITIES - A standalone notification system, including a notification server which generates electronic messages for alerting customers of potentially fraudulent activity on one or more of their financial accounts. Alternatively, or in addition thereto, the notification system may be used to forward transaction code(s) to customers for verification of a request for high risk transaction(s) with respect to a customer's financial account. The transaction code is generated in response to a high risk transaction request and sent to through an identified customer notification means, e.g., e-mail, short message service (“SMS”), facsimile, mobile phone, telephone, etc. The customer must enter the transaction code within a predetermined amount of time in order to verify the high-risk transaction request. | 12-15-2011 |
20110307367 | LIQUIDITY AND FILL OPTIMIZATION FOR CROSSING INSTITUTIONAL ORDERS - Presented is a system and method for performing crossing of institutional security orders. The system includes a first server interconnected to a second server that provides an away market for order execution, and includes client stations across a communication network. The first server includes a database and is configured to receive institutional orders from the client station, which are stored in the database. The first server includes operating instructions operable to determine whether a match exists between contra institutional orders based on predetermined criteria. Upon determination of a match, the first server forwards a child order composed of at least a portion of one of the contra orders to the second server. A plurality of participants in the away market have an opportunity to execute a transaction with the child order leading to price improvement on one side of the trade. | 12-15-2011 |
20110307368 | Entity-banked win, lose or draw derivative instruments - Methods and systems are disclosed for listing and trading fixed-payoff derivative contracts between two or more parties based on the movement of one or more underlying financial instruments. The invention, henceforth referred to as a “Win, Lose or Draw” derivative contract, is a position for or against the occurrence of a designated price event above an underlying financial instrument's spot price before the occurrence of a designated price event below an underlying financial instrument's spot price, or vice versa, within a designated time period. If neither designated price event occurs within the designated time period, no loss of position is incurred by either party. Embodiments of the invention include American-style and European-style contracts, cash or asset-backed contracts, transferable positions, multiple underlying financial instruments within the same contract, asymmetric time periods, expirationless time periods and entity-banked contracts. | 12-15-2011 |
20110307369 | FACTORIZATION OF INTEREST RATE SWAP VARIATION - Methods are described for processing and clearing derivative products such as interest rate swaps (IRSs). A swap value factor (SVF) may be generated to calculate the mark-to-market value of an IRS. The SVF may be a function of interest rates derived from a yield curve. Cash flow may be generated between the buyer and the seller to reflect the change in the market price of the derivative, i.e., the mark-to-market process. The results of a cleared swap may be used to determine or alter the margin deposit required by the buyer or seller. | 12-15-2011 |
20110307370 | MULTIPLE CLIENT/USER AND CAPITAL MARKET FUNDED PARTICIPATING INTEREST IN QUALIFYING TRUST - Methods and apparatus, including computer program products, for multiple client/user and capital market funded participating interest in qualifying trust. Methods include establishing a legal trust that holds assets and issues obligations that grant participation rights in its assets. The legal trust can be a legal qualifying trust. The legal qualifying trust can grant participation rights to multiple beneficiaries or participants. | 12-15-2011 |
20110307371 | SYSTEM AND METHOD FOR CHART BASED ORDER ENTRY - Systems and methods for chart-based order entry are described. According to one example method a chart is used to display historical market data corresponding to a tradeable object. An order entry interface is displayed in relation to the chart. The order entry interface includes a plurality of price objects for selecting price levels to be used for trade orders to buy or sell the tradeable object. According to one example method, the price levels corresponding to the price objects depend on a location of the interface in relation to the chart, and as the interface is moved in relation to the chart, the price levels are automatically updated. Upon selection of the price level on the interface, a trade order to buy or sell is submitted to a matching engine at an electronic exchange. | 12-15-2011 |
20110307372 | System and Method for Randomizing Orders in an Electronic Trading Environment - When a trading application on a client terminal receives a trade order, a randomizer application may automatically randomize one or more order parameters to generate a randomized order. For example, an order quantity, a price level, and/or a time period between sending any two consecutive orders may be randomized. The randomized order is then automatically placed on the market. | 12-15-2011 |
20110313905 | Generating Implied Orders Based on Electronic Requests for Quotes - Systems and methods for determining implied spreads are provided. More particularly, implied spread financial transactions are generated using information from requests for quotes (RFQs). An RFQ processor module may focus the calculations performed by an implied spread determination module. A financial instrument associated with an RFQ may be provided to the implied spread determination module to trigger the determination of whether implied orders exist related to that particular financial instrument. | 12-22-2011 |
20110313906 | COMPUTER-INTEGRATED SECURITIES FINANCING SYSTEM AND METHOD - In one embodiment, a securities financing system integrates processing of both securities lending and repurchase (repo) agreement transactions conducted over a network. A securities financing platform has multiple modules and a management interface module through which input and output functions are provided to a system manager. Network communications are configured to manage respective data interfaces over the network with a first party borrower to the collateralized financial transaction, a second party lender to the collateralized financial transaction, and a central counterparty configured to provide trade netting and novation services to each of the first and second parties. A central counterparty interface is configured such that the central counterparty becomes a counterparty to each of the first party borrower and the second party lender through the securities financing system. | 12-22-2011 |
20110313907 | System and Method for Randomizing Orders in an Electronic Trading Environment - When a trading application on a client terminal receives a trade order, a randomizer application may automatically randomize one or more order parameters to generate a randomized order. For example, an order quantity, a price level, and/or a time period between sending any two consecutive orders may be randomized. The randomized order is then automatically placed on the market. | 12-22-2011 |
20110313908 | System and Method for Randomizing Orders in an Electronic Trading Environment - When a trading application on a client terminal receives a trade order, a randomizer application may automatically randomize one or more order parameters to generate a randomized order. For example, an order quantity, a price level, and/or a time period between sending any two consecutive orders may be randomized. The randomized order is then automatically placed on the market. | 12-22-2011 |
20110313909 | System and Method for Randomizing Orders in an Electronic Trading Environment - When a trading application on a client terminal receives a trade order, a randomizer application may automatically randomize one or more order parameters to generate a randomized order. For example, an order quantity, a price level, and/or a time period between sending any two consecutive orders may be randomized. The randomized order is then automatically placed on the market. | 12-22-2011 |
20110313910 | System and Method for Dynamically Changing an Electronic Trade Order Quantity - A system and methods for dynamically changing a trade order quantity in an electronic trading environment are described herein. According to one example embodiment, an automated trading tool determines if a leaned on quantity of a trading strategy has increased or decreased and if so, dynamically changing a desired order quantity to reflect the change in the leaned on quantity. Dynamically changing an order quantity may be more profitable for a trader as order queue position may be maintained and portion of the desired order quantity may get filled; rather than a trader losing their order queue position and/or taking a chance of not getting any of their order quantity filled. | 12-22-2011 |
20110320332 | Farmland commoditization and contract fulfillment system - A system for commoditizing farmland, for fulfilling futures contracts and for the settlement of farmland futures contracts. The system is a computerized system that includes software code that inputs selected soil data for a tract of land, inputs property boundary line data defining a parcel within the tract of land, overlays the soil data over a selected parcel, analyzes land quality measures based upon the overlay of the soil data with the boundary line data, classifies the parcel based upon the result of the analysis of land quality measures, and assigns a size designation to the parcel. | 12-29-2011 |
20110320333 | SYSTEM AND METHODS FOR VALUING AND TRADING INTANGIBLE PROPERTIES AND INSTRUMENTS - A system and methods providing an exchange network for valuing and trading of intangible instruments, such as one or more rights to an intangible property including a given intellectual property (patents, copyrights, trademarks, trade dress, trade secrets and/or the rights of publicity). The system and methods permits a party to access a database of the intangible instruments including data relating to identifying value of the instrument. The system and methods permits a party to perform due diligence on the intangible instrument and, as a result, to formulate a bidding strategy for the intangible instrument that the bidder believes is appropriate. If the bidder and the owner reach agreement on the price, a transaction for the intangible instrument is executed between the parties. | 12-29-2011 |
20110320334 | Implied Order Quality - Certain embodiments of the present inventions provide implied order quality. The quality may be viewed as an indication of how much an implied order and/or an aggregate quality for implied orders may be relied upon. Certain embodiments utilize various techniques for determining a quality for an implied order. Certain embodiments utilize various techniques for determining an aggregate quality for implied orders. Certain embodiments provide an indicator of the quality for an implied order and/or of the aggregate quality for implied orders. Certain embodiments filter an implied order based on a determined quality value and/or determined aggregate quality. | 12-29-2011 |
20110320335 | METHOD, LANGUAGE, AND SYSTEM FOR PARALLEL ALGORITHMIC TRADING AND OVERSEEING TRADING ACTIVITY - The invention provides: methods, languages, and systems for parallel algorithmic trading of financial instruments. Each instrument of interest is included in a parallel list, in a reference list, or in both lists. Market data messages are decoded by parallel threads and converted into data series. The number of the threads is preferably equal to the number of the messages in a set of messages. A trader/market regulator selects or creates a trading/overseeing algorithm consisting of expressions based on data series extracted from the messages and on predefined functions. Some of the expressions have outputs representing buy/sell/cancel orders or have outputs aimed for overseeing trading activity. The algorithm is executed by parallel threads. The number of the threads is preferably equal to the number of the instruments in the parallel list. | 12-29-2011 |
20110320336 | SYSTEM AND A METHOD FOR GENERATING MARKET INPUT - Provided is a system and a method for entering market actions into an automated exchange system ( | 12-29-2011 |
20110320337 | SYSTEM AND METHOD FOR DISPLAYING A CONSTANT TIME SELECTION CONTEXT MENU INTERFACE - A system and method are provided for a context menu pop-up interface. In one embodiment, the context menu interface may be activated in relation to a second interface, and may include a plurality of selection areas organized around a central selection area. In a preferred embodiment, the sizes of each of the plurality of selection areas increase as a distance to each selection area increases from the central selection area, and the sizes are selected such that the plurality of selection areas can be selected in approximately the same time. | 12-29-2011 |
20110320338 | CONTROLLING IMPLIED MARKETS DURING A STOP LOSS TRIGGER - A system mitigates the effects of a market spike caused by the triggering and the election of a conditional order in an automated matching system. Conditional orders submitted to a trading engine are evaluated to compare a price of an order to a predetermined price range. Matching of the orders may be delayed when the price of the orders lies outside of the predetermined price range. An opening price to be used by the trading engine is derived and a time interval is used to delay a matching of the orders until the opening price is within a predetermined price range up to a maximum delay time set by a control center. Implied spreads are also removed until other instruments within a trading unit are verified open. | 12-29-2011 |
20110320339 | METHOD AND INTERFACE FOR HISTORICAL DISPLAY OF MARKET INFORMATION - Trading software may receive information from an exchange. The trading software may track historical bid and ask information for a tradeable object. The trading software may display historical market depth information for the tradeable object on a trading screen. | 12-29-2011 |
20120005058 | Method and Apparatus for Motion Based Target Prediction and Interaction - Embodiments for motion based target prediction and interaction are described herein. One example embodiment includes predicting a target element based on a user moving a cursor in relation to a trading interface. When a target element is identified, one or more actions may be pre-configured based on the target element. For example, when a target element is associated with a buy action and a price, an order message to buy a tradeable object at the price may be generated based on the predicted target element. Then, a user action may be received to select the target element and to execute the action. The user action selecting the target element may be received prior to the cursor reaching the desired target. | 01-05-2012 |
20120005059 | Order Entry Actions - Various embodiments disclosed herein relate to order entry. In the electronic trading process, order entry involves setting one or more order entry parameters, sending one or more order entry parameters, or both setting and sending one or more order entry parameters. As will be described in more detail below, various order entry actions, such as moving a cursor across an order entry line, moving a cursor into an order entry region, pressing an order entry button, or performing a gesture, may be used to trigger the setting, sending, or both setting and sending of one or more order entry parameters. At least some embodiments relate to enabling an order entry action before the order entry action is able to set, send, or both set and send one or more order entry parameters. | 01-05-2012 |
20120005060 | System and Method For Configuring Trade Order Parameters - The example methods and systems described herein provide for configuration of one or more trade order parameters to associate with one or more trade orders, where the trade orders may be submitted to one or more electronic exchanges. According to an example embodiment, rather than having the trader manually configure each individual parameter associated with each trade order, a trader can pre-configure customer and order parameters. A user, for example a trader, broker, or market maker, can configure trade order parameters to associate with one or more customers, one or more order types, and/or internal messages to associate with any of the configured customers or orders. Based on the selected customer and tradeable object, the trading system evaluates the pre-configured customer and associated order parameters and determines which trade order parameters best match. The trading system then dynamically populates the order entry window with the specific trade order parameters associated with the best match. | 01-05-2012 |
20120005061 | METHOD AND SYSTEM FOR FACILITATING PROPERTY SALES AND GIFTING - A method and system for facilitating property sales and gifting, in particular real and personal property sales and gifting. A method and system for providing an online platform for property sales and gifting amongst various users of the method and system, including at least one property seller, at least one property recipient, at least one voter who votes to elect a property recipient and at least one donor of funds to provide funding for the ultimate property purchase. | 01-05-2012 |
20120005062 | MULTICOMPUTER DISTRIBUTED PROCESSING OF ORDER AND/OR PRICING INFORMATION - A trading platform and trading method that may allow access to additional pools of liquidity is described. Other embodiments are also described. | 01-05-2012 |
20120005063 | FIX PROXY SERVER - Using a feed backbone computer network, enables connection of counterparty customers in disparate Financial Information Exchange (FIX) networks, across IP network boundaries. The feed backbone network links consumer, database, management, and proxy computer systems with a FIX backbone computer network in turn connected to trading extranets via access centers. Proxy computer systems balance their shared message processing load, log message traffic, manage operational sessions, and collect and present aggregated feed information to client users, whether connected locally or to the trading extranets. A software proxy acts as a “middleman” between the two customer endpoints. Copies selected FIX messages to a multicast backbone for aggregation in a standard format. The entire network is centrally configurable and supports realtime operational status. | 01-05-2012 |
20120005064 | OUTLIER TRADE DETECTION FOR FINANCIAL ASSET TRANSACTIONS - Tools are provided for identifying outliers or variations in trade data derived from financial asset transactions, such as securities lending transactions, foreign exchange transactions, over the counter and exchange traded derivative transactions, and equity and fixed income transactions. Such outliers may provide an indication that a given trade is suspicious or potentially inappropriate from a customer relationship point of view, a regulatory perspective, or a legal standpoint. Trades identified as outliers can be utilized in regression analyses to analyze specific trades, trader-broker relationships, or other trading activity. | 01-05-2012 |
20120005065 | Synthetic Funds Having Structured Notes - The present invention relates to synthetic funds for purchase by investors. A structured note is structured to provide customized equity returns/exposure. Terms of each structured note may be specified by the purchaser and the structured notes may be unsecured liabilities of the obligor, e.g., there are no underlying assets upon which the structure note is based. Thus, there will be no limits on the use of structured note proceeds and management of assets and liabilities will be left entirely to the obligor's discretion. Structured note payment obligations may be related to the performance of an objective valuation, but structured note holders will depend on the good credit of the obligor for payment. | 01-05-2012 |
20120005066 | PROCEDURAL ORDER PROCESSING - An order en route to a marketplace is delayed so that a procedure can determine whether to generate a spawned order, and the spawned order is sent to a destination for execution essentially contemporaneously with the sending of the en route order to the marketplace. The spawned order can be sent to the same marketplace or a different marketplace than the en route order is sent to. The spawned order provides additional liquidity. | 01-05-2012 |
20120005067 | Method and apparatus for monitoring and evaluating limit order trading - Systems, methods, apparatus, computer program code and means for generating quality data associated with an option limit order are provided. In some embodiments, an option limit order is received, the option limit order including information identifying a customer, information identifying a desired option, and information that indicates a limit price for said option limit order. A substantially real time feed of option market date is received and the option market data is used in real time to identify at least one of a trade-through and a trade-at transaction relevant to the option limit order. Alerts may be generated based on the identified trade-through or trade-at transaction. Trade-at or trade-through data may be tabulated and analyzed to evaluate option limit order trading activity. Analysis to generate trade-at or trade-through data may be performed on a batch processing basis relying entirely or in part on data received in real time or on a batch basis. | 01-05-2012 |
20120005068 | System and Method for Money Management in Electronic Trading Environment - A system and method for money management in an electronic trading environment are presented. According to one embodiment, a trader may configure a plurality of filters, each including at least one filter criteria and filter condition. When a money management module detects a new order, the money management module intercepts the order and determines if the order matches one or more predefined filters. If the order matches one or more filters then conditions associated with the applicable filter(s) are applied to the order. The application of one or more conditions to an order may result in sending a modified order, preventing the order from reaching the exchange, or sending order to the exchange without any modifications. | 01-05-2012 |
20120005069 | SYSTEM AND METHOD FOR ESTIMATING PERCEIVED QUALITY OF NEW PRODUCTS - A system and a method are provided, which allow participants to trade virtual stocks corresponding to a plurality of products including at least one new product, and which provide a normalized perceived quality value about each of the products. A plurality of participants is provided with virtual stocks corresponding to the plurality of products and also virtual currency and allowed to trade the plurality of virtual stocks with the virtual currency. The transactions are recorded in a trade log database and analyzed to estimate the perceived quality of the product corresponding to each virtual stock. Accordingly, it is possible to estimate and compare the perceived quality of a new product with that of the existing products, and thus, the price of the new product before launch can be set with increased ease. | 01-05-2012 |
20120011043 | Machine, Program Product, and Computer-Implemented Method to Contstruct a Person-to-Person Loan - Embodiments of the present invention provide a marketer for person-to-person lending or a bank server to promote a plurality of individual lenders bidding on a plurality of person-to-person loan requests from a plurality of individual borrowers to thereby construct person-to-person loans with a bank as an intermediary. The marketer computer establishes a person-to-person lending profile for the lender, include preferences for the lender. A bank server establishes an account for the benefit of the lender and determines an account balance for the individual lender. The bank server creates the loan with the borrower responsive to loan terms determined by the marketer computer. The bank server assigns at least part of the loan to the lender to construct the person-to-person loan with the bank as intermediary and withdraws funds corresponding to the at least part of the loan assigned to the lender from the account. | 01-12-2012 |
20120011044 | METHOD AND SYSTEM FOR ISSUING PRIMARY SECURITIES IN A TRADING MARKET - Methods and corresponding systems and non-transitory computer readable media are provided that cause at least one interface screen to be displayed on at least one client device associated with a primary issuer. The interface screen or screen generally includes information regarding an offering of primary securities and at least one form element for the primary issuer to define terms of an offer to sell the primary securities. The primary issuer may therewith submit an offer to sell the primary securities and confirm that the primary issuer is legally authorized to issue the primary securities. Thereafter, the offer to sell the primary securities may be communicated to a trading market for execution. | 01-12-2012 |
20120011045 | METHOD AND SYSTEM FOR IDENTIFYING PARTIES WITH CONCENTRATED POSITIONS IN SECURITIES - Methods and corresponding systems and non-transitory computer readable media are provided that allow users of the system to identify potential sellers with a concentrated position in one or more securities, from a database that includes a plurality of potential parties, for a trade in one or more securities. Once identified the system may pair a potential buyer with the identified potential seller with the concentrated position and enable the potential buyer and seller to communicate offer and counteroffer messages between each other to negotiate a sale of securities held. | 01-12-2012 |
20120011046 | ORDER DELIVERY IN A SECURITIES MARKET - A method of processing delivery messages in a security processing architecture includes receiving an expression of interest to enter into a transaction to buy or sell a security, matching the expression of interest with other expressions of interest, sending a message to a market participant that a match exists, recording a delivery in a delivery log file, recording the delivery in a delivery work in process (WIP) file, and receiving a response message from the market participant. | 01-12-2012 |
20120011047 | NEWS INDUCED AUTOMATED ELECTRONIC SECURITIES TRANSACTIONS - News information is received. It is determined if the news information contains a reference to a company. It is further determined if the news information matches criteria associated with the company. Securities are automatically trade upon determining that said news information contains a reference to the company and determining that said news information matches criteria associated with the company. | 01-12-2012 |
20120011048 | METHOD AND SYSTEM FOR CURRENCY EXCHANGE BY POINT OF CONVERSION - In one embodiment, one use of the disclosed method/system is for any multinational entity or individual performing currency exchanges is for business or personal use. This embodiment will greatly enhance the Transparency of the Cash Conversion Process at the ACTUAL POINT OF CONVERSION (POC), revealing dealt and offset pricings and TIME thereof thus providing the customer with a complete report of conversion as with any commodity conversion. With the POC method, the client will have a substantially complete accounting of the value of the funds conversion from one region's currency to another. | 01-12-2012 |
20120011049 | SYSTEMS AND METHODS FOR SECURITIZING A COMMODITY - A system and method for providing a tradable (e.g., exchange-listed) instrument by securitizing a commodity using a commodity trust or other special-purpose vehicle that is established to hold one or more physical commodities and to issue commodity trust shares and/or receipts corresponding to the value of the physical commodity held by the Trust. The commodity trust shares may represent a proportional interest in the Trust and/or the physical commodity held by the trust, e.g., precious metals such as gold, or base metals such as copper. The Trust may include one or more Trust accounts to receive and store the physical commodity deposited with the Trust. The shares or receipts of the trust can be listed, quoted, and traded on a trading system, e.g., an Electronics Communication Network (ECN), and may be traded as Exchange Traded Fund (ETF) shares on a securities exchange. | 01-12-2012 |
20120011050 | Biophysical Geoengineering Compositions and Methods - Described here are compositions, methods and apparatus for biological and physical geoengineering. Disclosed are inorganic particles, prill, pucks, or floats for dispersal on a body of water. These compositions are found to A) increase yields for pelagic aquaculture, B) increase carbon sequestration, and C) provide immediate relief from global warming by directly increasing surface albedo, reducing sea surface temperatures, and indirectly by increasing cloud nucleation activity. A vertical spar buoy or spar buoy network is provided. The buoys or array of buoys are designed to resist wave motion while supporting an analytical platform below the 100-Year Horizon. Sedimentary deadfall through the 100-Year Horizon is measured and flux of fixed carbon is reported and validated. Issuance of validated carbon sequestration certificates and monetization and trading of those certificates are also described. | 01-12-2012 |
20120011051 | Methods And Systems For Directing And Executing Certified Trading Interests - One or more aspects comprise: (a) receiving confidential information that comprises data regarding first and second market participants; (b) receiving order and targeting parameters from said first participant; (c) receiving confidential trading interest information from said second participant; (d) identifying said second participant as a participant likely to take a contra side of said order; (e) routing said order to said second participant without revealing said first participant's identity or other confidential information regarding said first market participant, and wherein no information regarding said second participant or said confidential trading interest information received from said second participant is transferred to said first participant; and (f) producing a targeted dissemination list of market participants based on said confidential information and said order and targeting parameters, and wherein identifying a second participant that is most likely to take a contra side of said order is based on said dissemination list. | 01-12-2012 |
20120011052 | SYSTEM AND METHOD FOR PREVENTING CROSS TRADING - Information regarding the current state in the market is used to prevent orders from crossing. In an example provided herein, when an order is entered into a market, information regarding current positions in the market is taken into account to determine whether the order will cross with other orders. If the orders would cross, appropriate action is taken to prevent the crossing of orders in a way suitable for the person or persons trading. The teachings described herein may be used for any reason to prevent orders from crossing. Moreover, they may be used in other areas of trading to assist the trader in obeying any other rule or regulation that might involve analyzing current positions in the market before taking action. | 01-12-2012 |
20120011053 | System and Method for Providing a Linear Spread - A system and method for providing a linear spread in an electronic trading environment are described. According to one example embodiment, a trading system can receive market information associated to a trading strategy, known as a spread. The trader may also define a market volatility parameter to utilize in the calculation of a linear spread price axis. The received market information and a divide spread algorithm are also used to determine the linear spread price axis. The trading application determines a linear spread price axis, at which price levels are separated by consistent linear tick increments. The linear spread price axis allows for more efficient and effective trading in the electronic trading environment especially when certain tradeable objects are traded or when certain spread algorithms, like the divide spread algorithm, are utilized. | 01-12-2012 |
20120011054 | CENTRAL COUNTERPARTY FOR DATA MANAGEMENT - A central counterparty for data management (CCDM) receives data relating to financial transactions, associates the data with metadata to create reference data, stores the reference data and provides the reference data in “push” and “pull” ways. The “push” techniques for providing the data include distributing on a data feed, sending the data to parties known to be relevant to the transaction, and sending the data to parties who have a standing query that is satisfied by the data. The “pull” techniques for providing the data include responding to queries received from a variety of parties. The CCDM generates and distributes unique, unambiguous and universal identifiers (U3id's) and associates the U3id identifiers with the reference data. | 01-12-2012 |
20120011055 | IOI-BASED BLOCK TRADING SYSTEMS, METHODS, INTERFACES AND SOFTWARE - In the financial-services industry, there are online centers that help brokers to match sellers and buyers of stock based on indications of interest (IOIs). However, at least some of these centers are not only limited in the types of IOIs that they provide, but also in the ways how they allow IOI senders to control IOI usage. Accordingly, the present inventors devised, among other things, exemplary systems, methods, interfaces, and software that enhance the ability of such online centers, or financial-information systems, to facilitate trades. One exemplary system provides an IOI which is associated with an online negotiation capability. Some embodiments provide mechanisms for users, such as broker-dealers, to define different IOI response privileges for recipients of their IOIs. To reduce the market risks of failed negotiations, some embodiments provide automated features for comparing confidential information from traders and initiating online negotiations for stock transactions contingent on favorable comparisons. | 01-12-2012 |
20120016784 | Managing Hedge Orders for Synthetic Spread Trading - Hedge legs for synthetic spread trading strategies are managed as attached or detached from a synthetic spread order. A legged hedge order may be changed, adjusted, deleted, cancelled or otherwise managed according to changes, adjustments, deletions ad/or cancellations of the synthetic spread order upon which the legged spread order was submitted. | 01-19-2012 |
20120016785 | Smart Matching for Synthetic Spreads - A smart match for synthetic trades may include monitoring working, or quoting orders, as well as legged hedge orders for one or more synthetic trades of a trader to identify possible matches prior to submitting a new order for trading. A resting (i.e., legged) hedge order for a synthetic trade of a trader may be pending execution while a second order from the synthetic trade, another synthetic trade, or an outright trade, may be identified. When the resting hedge order matches the second order, a cancel or delete message may be sent to the exchange for the resting hedge order, and the resting hedge order and second order may be matched or filled for the trader. When the resting hedge order is for a larger quantity than the second order, the message may delete or cancel a portion of the resting hedge order. If the quantity of the resting hedge order is for less than the second order, the message may be for the entire quantity of the resting hedge order, and a portion of the second hedge order may be submitted for trading. | 01-19-2012 |
20120016786 | Distributed Server Side Device Architecture - An electronic trading method is provided. The method includes receiving a trading strategy order having a parent trading strategy including multiple quoting legs; splitting the trading strategy order into multiple child orders; and submitting each of the multiple child orders to exchange systems adapted to fill the quoting legs in the child orders. Each child order includes a child trading strategy having a single quoting leg or a reduced number of quoting legs relative to the parent trading strategy. The child trading strategies are the same as the parent trading strategy except for the number of legs marked as quoting legs. The method may be performed by a trading strategy device disposed between a client device and multiple server side devices. | 01-19-2012 |
20120016787 | Methods, Systems, and Computer Program Products for Providing Low Risk Portable Alpha Investment Instruments - Provided are methods of providing a portable alpha investment instrument. Some embodiments of such methods include allocating a first portion of a financial asset to a first asset class, allocating a second portion of the financial asset to a second asset class, establishing a swap transaction corresponding to the first portion of the financial asset, the swap transaction configured to define a minimum term corresponding to an asset status change, and transferring the first portion and the second portion of the financial asset responsive to the allocating. | 01-19-2012 |
20120016788 | ELECTRONIC SECURITIES MARKETPLACE HAVING INTEGRATION WITH ORDER MANAGEMENT SYSTEMS - An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities. | 01-19-2012 |
20120016789 | System and Method for Changing Order Priority Levels in an Electronic Trading Environment - A system and method for fee-based order priority level modification in an electronic trading environment are described. When an order reaches an exchange, a priority level of the order may be changed to a higher priority level, and the priority level of the order initially at the higher priority level may be changed to a lower priority level of the received order. In one embodiment, a trader who is gaining a higher priority level will be preferably charged a fee for having his order moved to the higher priority level, and at least a portion of that fee may be paid to a trader who is giving up his high priority level. | 01-19-2012 |
20120016790 | SYSTEM AND METHOD FOR MANAGING RELATIONSHIPS BETWEEN BROKERS AND TRADERS USING A MESSAGING FORMAT - According to one embodiment, a method of managing messages in a trading network is provided. A set of user relationships between a first user and one or more second users authorized to act on behalf of the first user is stored. A trading message regarding a trading order submitted on behalf of the first user is received from a trading system. The trading message is communicated to the first user. Each of the second users is identifying from the set of user relationships. For each of the identified second users, a carrier message is generated that includes the trading message and routing information associated with that second user. For each of the identified second users, the respective carrier message is communicated toward a user application associated with that second user based at least on the routing information included in the respective carrier message. | 01-19-2012 |
20120016791 | SYSTEM AND METHOD FOR FORMING A FINANCIAL INSTRUMENT INDEXED TO ENTERTAINMENT REVENUE - A method for forming a securities bundle indexed to entertainment revenue includes determining a first funding amount for a first entertainment event. A second funding amount is determined for a second entertainment event. Next, a dividend schedule is determined for the first and second entertainment events. A securities bundle is formed at least partially based on the funding amounts and the dividend schedule, with the securities bundle comprising a first security and a second security. The first security is associated with the first entertainment event and the second security is associated with the second entertainment event. | 01-19-2012 |
20120022991 | Consolidated Price Level Expansion - Certain embodiments provide consolidated price level expansion. Data associated with the individual price levels represented by a consolidated price level is expanded and provided through an expanded consolidated price level interface. In certain embodiments, the expanded consolidated price level interface includes a pop-up interface. In certain embodiments, the expanded consolidated price level interface includes an in-line interface. In certain embodiments, an order may be entered using the expanded consolidated price level interface. | 01-26-2012 |
20120022992 | METHOD FOR COMPUTERIZED WAGERING - A system and method for networked exchange are disclosed. A system for networked exchange comprises an internal proxy ( | 01-26-2012 |
20120022993 | Automated Trading System In An Electronic Trading Exchange - An electronic exchange system network includes a trader site having an automated trading system capable of submitting orders to an exchange site. The automated trading system determines whether an order should be submitted based on, for example, the current market price of an option and theoretical buy and sell prices. The theoretical buy and sell prices are derived from, among other things, the current market price of the security underlying the option. A look-up table stores a range of theoretical buy and sell prices for a given range of current market price of the underlying security. Accordingly, as the price of the underlying security changes, a new theoretical price may be indexed in the look-up table, thereby avoiding calculations that would otherwise slow automated trading decisions. Other techniques may be used in addition or in the alternative to speed automatic decision-making. In addition, a system of checks may be conducted to ensure accurate and safe automated trading. The automated trading system may be capable of automatically submitting orders in connection with the underlying security in order to hedge part of the delta risk associated with the automated option trades. | 01-26-2012 |
20120022994 | Large Block Trading System with Trading Controls for Aggressive Pricing - A system and method for trading large blocks of securities with controls for limiting trading under conditions of aggressive pricing are described The system and method are preferably used by a buyer or seller in the electronic trading of securities in dark pools, e.g., and ATS or ECN, that include algorithmic trading or other computer-based programmed trading. Preferably, the system and method will be automatically activated to control trading volume when the price of a security being traded becomes aggressive and priced outside of the trader's target price instructions. | 01-26-2012 |
20120022995 | Digital options having demand-based, adjustable returns, and trading exchange therefor - Methods and systems for conducting demand-based trading are described. In one embodiment, states are established, each state corresponding to at least one possible outcome of an event of economic significance. An investment amount may be determined as a function of a selected outcome, a desired payout, and a total amount invested in the states. In another embodiment, an investment amount may be determined as a function of parameters of a financial product. In another embodiment, a payout may be determined as a function of an investment amount, a selected outcome, a total amount invested in the states, and an identification of a state corresponding to an observed outcome of the event. | 01-26-2012 |
20120022996 | METHOD AND SYSTEM FOR IDENTIFYING PRIMARY ISSUERS WITH ABILITY TO SELL PRIMARY SECURITIES - Methods and corresponding system and non-transitory computer readable media are provide that allow a user of the system to identify primary issuers authorized legally to sell primary securities, from a database that includes a plurality of potential parties, for a trade in one or more securities. The legal authority to sell primary securities may be premised on a regulatory limitation that requires the primary issuer take at least one action in order for the primary issuer to be authorized legally to sell the primary securities. Once identified the system may pair the user and the identified primary issuer and enable the user and the identified primary issuer to communicate offer and counteroffer messages between each other to negotiate a sale of primary securities. | 01-26-2012 |
20120022997 | METHOD AND SYSTEM FOR FACILITATING SECURITIES PLACEMENTS - Methods and corresponding systems and non-transitory computer readable media for facilitating securities placements are provided that allow users of the system to identify a plurality of investors having interests that correspond to an investment project and communicate to one or more investors at least one message that includes non-confidential, basic information regarding the investment project. The system may match investors to the investment project, automatically or otherwise, based on the investors' express or implied interest with regard to one or more securities. Once one or more of the investors that may be interested in the investment project indicate that the investor agrees to maintain project information confidential, the system may thereafter provide the investor with confidential, specific information regarding the investment project. Thereafter, the issuer and investors may negotiate the terms of the private placement and generate documents for the transaction. | 01-26-2012 |
20120022998 | SYSTEM AND METHOD FOR MANAGING TRADING ORDERS WITH DECAYING RESERVES - A system comprises a memory operable to store a trading order for a particular quantity of a trading product, wherein a first portion of the particular quantity is a displayed quantity and a second portion of the particular quantity is a reserved quantity. The system further comprises a processor communicatively coupled to the memory and operable to disclose the displayed quantity to one or more market centers. The processor is further operable to identify a decay rate associated with the trading order. The processor is further operable to cause the reserved quantity to decay based at least in part on the identified decay rate. | 01-26-2012 |
20120022999 | SYSTEM AND METHOD FOR PROVIDING LATENCY PROTECTION FOR TRADING ORDERS - A system for managing trading orders comprises a memory operable to store an order associated with a first price. The system further comprises a processor communicatively coupled to the memory and operable to identify a latency value. The processor is further operable to receive a counterorder and to identify a potential trade associated with the order and the counterorder, the potential trade based at least in part on the first price. If the latency value satisfies a configurable condition, the processor is further operable to initiate a configurable period of time. If the potential trade is not valid upon expiration of the configurable period, the processor is further operable to prevent the execution of the potential trade. | 01-26-2012 |
20120023000 | WHOLE CROP BIOFUEL PRODUCTION (WCBP) - A computerized method of using a data processor having a memory to account for carbon flows and determine a regulatory value for a biofuel can include (i) storing, in memory, a first set of one or more carbon flow values characterizing the production and use of a biofuel derived from a first fraction of an agricultural biomass, (ii) storing, in memory, a second set of one or more carbon flow values characterizing the production and use of a co-product from a second fraction of the agricultural biomass, wherein the second fraction comprises an agricultural residue and wherein the co-product mitigates anthropogenic greenhouse gas emission, and (iii) calculating, using the data processor, a regulatory value for the biofuel from the first and second sets of carbon flow values. | 01-26-2012 |
20120023001 | SOLID PHASE BIOMASS CARBON STORAGE (SPBCS) - A computerized method of using a data processor having a memory to account for carbon flows and determine a regulatory value for a biofuel includes (i) storing, in memory, a first set of one or more carbon flow values characterizing the production and use of a biofuel, wherein the biofuel is derived from a first fraction of an agricultural biomass, (ii) storing, in memory, a second set of one or more carbon flow values characterizing the sequestration of solid phase biomass carbon, wherein the solid phase biomass carbon is derived from a second fraction of the agricultural biomass and wherein the sequestration mitigates anthropogenic greenhouse gas emission, and (iii) calculating, using the data processor, a regulatory value for the biofuel from the first and second sets of carbon flow values. | 01-26-2012 |
20120023002 | SYSTEM AND METHOD OF IMPLEMENTING MASSIVE EARLY TERMINATONS OF LONG TERM FINANCIAL CONTRACTS - A method of and system for terminating or assigning outstanding OTC derivative transactions between a plurality of financial institutions (banks). The system comprises: a processing station arranged to receive transaction data describing a plurality of transactions from a plurality of banks via the Internet. The processing station comprises: a linking module for linking different versions of the same transaction received from different parties to that transaction; an analysis module for determining a set of linked transactions between a plurality of different banks, wherein each bank has debts and claims towards other banks in the set; a calculation module arranged to calculate an aggregated value of each set of linked transactions and select the set of linked transactions which has an aggregated value within bank-specified tolerance limits acceptable for executing a termination; and an execution module for executing a termination or assignment of the selected set of linked transactions. | 01-26-2012 |
20120023003 | SYSTEM AND METHOD OF IMPLEMENTING MASSIVE EARLY TERMINATIONS OF LONG TERM FINANCIAL CONTRACTS - A method of and system for terminating or assigning outstanding OTC derivative transactions between a plurality of financial institutions (banks). The system comprises: a processing station arranged to receive transaction data describing a plurality of transactions from a plurality of banks via the Internet. The processing station comprises: a linking module for linking different versions of the same transaction received from different parties to that transaction; an analysis module for determining a set of linked transactions between a plurality of different banks, wherein each bank has debts and claims towards other banks in the set; a calculation module arranged to calculate an aggregated value of each set of linked transactions and select the set of linked transactions which has an aggregated value within bank-specified tolerance limits acceptable for executing a termination; and an execution module for executing a termination or assignment of the selected set of linked transactions. | 01-26-2012 |
20120023004 | METHOD FOR SETTLING COMMODITY TRADES - A third party scheduling company receives future commodity transaction data from subscriber companies and identifies transactions which are circular in nature (i.e. a series of transactions which begins and ends with the same company). The scheduling company notifies the subscriber companies when a circular transaction exists to allow these companies to settle the transaction into a purely financial obligation. | 01-26-2012 |
20120023005 | Securitization of a Commercial Transaction - A method and apparatus for generating a tradable security includes confirming a vendor's compliance with predefined terms of a commercial transaction, such that a buyer is obligated to make a due payment. The method and apparatus further includes electronically rating a financial commitment relating to a receivable account for the commercial transaction. This receivable account is rated based on conditions and factors known to a system facilitating the commercial transaction. Based on the ability for the financial commitment to be rated, a financial exchange is operative to transfer entitlement rights to monies due under the receivable account where the terms for the transfer of the entitlement rights are based at least in part on the electronic rating. Thereby, receivable accounts to commercial transactions may be tradable by one or more investors as properly rated investment. | 01-26-2012 |
20120030086 | Automated Trading System In An Electronic Trading Exchange - An electronic exchange system network includes a trader site having an automated trading system capable of submitting orders to an exchange site. The automated trading system determines whether an order should be submitted based on, for example, the current market price of an option and theoretical buy and sell prices. The theoretical buy and sell prices are derived from, among other things, the current market price of the security underlying the option. A look-up table stores a range of theoretical buy and sell prices for a given range of current market price of the underlying security. Accordingly, as the price of the underlying security changes, a new theoretical price may be indexed in the look-up table, thereby avoiding calculations that would otherwise slow automated trading decisions. Other techniques may be used in addition or in the alternative to speed automatic decision-making. In addition, a system of checks may be conducted to ensure accurate and safe automated trading. The automated trading system may be capable of automatically submitting orders in connection with the underlying security in order to hedge part of the delta risk associated with the automated option trades. | 02-02-2012 |
20120030087 | Automated Trading System In An Electronic Trading Exchange - An electronic exchange system network includes a trader site having an automated trading system capable of submitting orders and/or quotes to an exchange site. The automated trading system determines whether an order or quote should be submitted based on, for example, the current market price of an option and theoretical buy and sell prices. The theoretical buy and sell prices are derived from, among other things, the current market price of the security underlying the option. The theoretical buy and sell prices are calculated when underlying factors that contribute to the theoretical prices change. Computation times of the theoretical prices may be reduced by using precalculated values and/or using interpolation and extrapolation. Other techniques may be used in addition or in the alternative to speed automatic decision-making. In addition, a system of checks may be conducted to ensure accurate and safe automated trading. The automated trading system may be capable of automatically submitting orders in connection with the underlying security in order to hedge part of the delta risk associated with the automated option trades. | 02-02-2012 |
20120030088 | SYSTEM AND METHOD FOR FACILITATING THE TRADING OF METALIZED IRON TRANSACTIONS - The disclosure presents a system and method for facilitating metalized iron transactions. The system may be implemented in a variety of ways, including as a computer readable medium for facilitating metalized iron transactions. The computer readable medium includes: logic for communicating a plurality of metalized iron transaction prompts to the remote computer for entering a plurality of corresponding metalized iron transaction parameters; logic for receiving the plurality of entered metalized iron transaction parameters in response to communicating the plurality of metalized iron transaction prompts to the remote computer; logic for determining whether the entered metalized iron transaction parameters satisfy existing market metalized iron transaction parameters; and, logic for closing a transaction for metalized iron if the entered metalized iron transaction parameters satisfy existing market metalized iron transaction parameters. The medium can also include logic for determining an adjusted price of at least one lot of metalized iron to be delivered to fulfill a metalized iron transaction utilizing an adjustment formula for calculating the adjusted price of the metalized iron transaction based on the content of at least one of the chemistry components of the at least of lot of metalized iron; logic for receiving test results of the content of at least one of the chemistry components of the at least one metalized iron lot; and logic for utilizing the test results within the adjustment formula to calculate the adjusted price. | 02-02-2012 |
20120030089 | TABS BASED DRAG AND DROP GRAPHICAL TRADING INTERFACE - The interface comprises one or more grids, each grid typically associated with a specific security. GUI objects or icons representing orders of a specific quantity may be dragged and dropped onto the grid to place, change, or cancel orders. The Grids are contained within tab pages, which are further contained as tab sets. Status icons are used to represent open, filled, and cancelled orders. The Icon Locate and Order locate feature allows orders on the Grid and Icons in the status panels to be easily referenced. Status Icons may be stamped with their associated order type or status. Similarly, the status icons may take the form of Corporate logos and adjust in size according to the value or quantity of a position. An Icon packing feature allows status icons to be efficiently placed within their total panel area. Advertising content may be displayed on the trading interface and is also conveniently packaged within tabsets. | 02-02-2012 |
20120030090 | Hedging Risks Associated With Variable Priced Orders For Derivative Financial Products - Systems and methods are provided for executing a hedge transaction in connection with the execution of a derivative product order in which the price of the derivative product is defined by one or more variables. The hedge transaction may be executed at an exchange or match engine that is different from the exchange or match engine executing the derivative product order. The execution of derivative product transaction may be contingent on the existence of an appropriate hedge transaction. Alternatively, a best efforts approach may be used to fill the hedge transaction order after executing the derivative product transaction. | 02-02-2012 |
20120036058 | TRADING ORDERS WITH DECAYING RESERVES - In various embodiments, an apparatus includes a processor and a memory. The memory is communicatively coupled to the processor. The memory stores software instructions that, when executed by the processor, cause the processor to receive a trading order for a particular quantity of a trading product. The trading order specifies that a first portion of the particular quantity is a displayed quantity and that a second portion of the particular quantity is a reserved quantity. The trading order specifies at least one of a decay rule, a decay interval, a decay rate, decay quantity, and one or more conditions. The software instructions, when executed by the processor, cause the processor to cause the reserved quantity to decay based at least in part on at least one of the decay rule, the decay interval, the decay rate, and the decay quantity, and one or more conditions. | 02-09-2012 |
20120036059 | CREATION AND REDEMPTION FOR ETP SHARES OF BULKY METALS - To create shares of an ETP based on a bulky metal, an authorized participant (AP) provides an amount of material, such as base or bulky metal, that is within an allowable range of the target value. A central intermediary intermediates the transfer of the mismatched weight between the ETP and the AP to bring the amount of the applicable material or bulky metal to the exact amount needed for the creation (or redemption, in the reverse transaction) of the ETP shares. The ownership of the last unit of bulky metal transferred in relation to the transaction is divided between the equalization facility and the ETP through the booking of account receivable/account payable transactions. The AP then pays or receives cash from the equalization facility based on whether too little or too much metal was transferred. | 02-09-2012 |
20120036060 | SYSTEM AND METHOD FOR EVENT-BASED TRADING - A system and method for news-based trading are developed. According to one method, a trader can pre-define a trading strategy including a number of trading rules to be applied based on a comparison of one or more estimated event values to the respective actual event values to be released at some later time. The example method further includes, upon receiving one or more actual event values via a user input or directly from outside sources, executing one or more predefined trading rules selected based on the comparison of the received actual event values to the respective estimated indicator values. | 02-09-2012 |
20120036061 | System and Method for Order Placement in an Electronic Trading Environment - A system and associated methods are provided for intelligent placement and movement of orders in an electronic trading environment. According to one example method, in addition to submitting a leg order at a calculated price level, additional orders, queue holder orders, are submitted for the leg order at prices either below or above the calculated price level. Based on this configuration, if the conditions change such that it is necessary to re-price the leg order, there will be already an order resting in the exchange order book at the re-calculated price that can be used in the strategy. Upon re-pricing the leg order, one or more additional queue holder orders will be placed in the market. Other tools are provided as well. | 02-09-2012 |
20120036062 | System and Method for Event Driven Virtual Workspace - A system and method for an event driven virtual workspace are described. According to one example method, a trader can define a plurality of windows to be associated with a virtual workspace. Also, the trader could define one or more triggering events, the combination of which may be used to activate the virtual workspace. In such an embodiment, when the system detects the one or more triggers, the system can attempt to activate the virtual workspace. According to the example method, the trader may place a number of limiting conditions before any states of the currently displayed windows are modified such that the triggered virtual workspace could be displayed. If no limiting conditions are detected, the system can display the triggered virtual workspace. | 02-09-2012 |
20120041861 | Methods and Apparatus for Formulation, Initial Public or Private Offering, and Secondary Market Trading of Risk Management Contracts - Key features of these methods, apparatus, and designs include (but are not limited to) innovations and implementations of futures securities; the notion of Type I, Type II, and Type III futures contracts custom tailored to specific clienteles; the notion of tickets and coupons as tradable futures contracts; the notion of bifurcation; the notion of redeemable bundles; and notion of realization of the futures market on the Internet; the apparatus of an Internet-based trading interface and engine; the notion of cookie-cutter futures electronic Internet-based futures markets for each security; the feature of maximal reliance on the Internet; and the business concept of “profitability without the need for high trading volume.” | 02-16-2012 |
20120041862 | COMPUTERIZED MARKETPLACE FOR RATIO BASED DERIVATIVES - A computerized marketplace for ratio-based derivatives is provided herein. A method implementing the marketplace includes the following stages: receiving a price query related to a selected derivative on two selected underlying assets, defining a ratio of their respective prices in a specified order, at a specified timestamp; applying a pricing algorithm to the query, to yield an ad hoc return or price of the derivative, relevant to the specified timestamp, wherein the price of the option (or return) is based on an estimated relative financial market performance of the selected underlying assets; and presenting the ad hoc price (or return) of the selected option, wherein at least one of: the receiving, the applying, and the presenting is executed by at least one processor. | 02-16-2012 |
20120041863 | System, Method and Computer Program Product for Compiling Golden Copy of Securities Pricing - Systems, methods, and computer program products include a golden copy application for compiling golden copies of securities pricing according to a set of securities rules established by a subscriber that can be used in a computing environment and embodied in computer readable media. Disclosed embodiments of a golden copy application can compile each subscriber's golden copy in accordance with specific rules defined by the subscriber relative to which information source should be used for different asset classes. Each subscriber can identify more than one information source for each asset class, and rank those sources in order of desirability. | 02-16-2012 |
20120041864 | VOCALISATION OF TRADING DATA IN TRADING SYSTEMS - A trading system such as an anonymous trading system for trading financial and other instruments can vocalise trading data to trader workstations as well as display it on a screen. Where a trader selects to receive vocal announcements, a trading floor identifier unique to his trading floor is also announced at random intervals. | 02-16-2012 |
20120041865 | TRADING USING INTERMEDIATE ENTITIES - Systems and methods for facilitating trades between two trading entities are disclosed. A computer system may match a bid of a first trading entity for an item with an offer of a second trading entity for the item. The first and second trading entities may each have a credit relationship with the third trading entity. In response to the matching, the computer system may record indications of trades of the item between the first trading entity and a third trading entity, and between the third trading entity and another trading entity such as the second trading entity. The trades may be booked back-to-back such that a net position to the third trading entity in the item is zero. When the first and second trading entities are connected by a plurality of intermediate entities, the computer system may record indications of one or more additional trades of the item. | 02-16-2012 |
20120041866 | TRADING SYSTEM WITH INDIVIDUALIZED ORDER BOOKS - Systems and methods for electronic trading are disclosed. A trading system may store information indicative of limits on trading of items between trading entities, including an entity that is a non-credit extending entity. The computer system may then determine respective order books for at least two trading entities, where the order books include dealable bids and offers that have been individualized using stored trading limits. The stored trading limits may in some cases include different limits for different items (which may be different foreign currency pairs, in one embodiment). In other instances, trading limits may be indicative of a net position that a trading entity is permitted to take in an item. Bids and offers may be individualized based on different costs associated with different trading entities. | 02-16-2012 |
20120041867 | APPLICATION PROGRAMMING INTERFACE FOR TRADING SYSTEM - A trading system with an application programming interface (API) is disclosed. The API includes a set of routines executable to permit client computer systems to automatically make and take orders for items. The API can permit, for example, machine-to-machine communication that automatically posts an order to the trading system or automatically hits an order that has previously been posted to the trading system. The API can also permit a variety of other functions, including reformatting limit order books. The trading system may also implement a graphical user interface (GUI). In one embodiment, the items may be foreign exchange instruments. | 02-16-2012 |
20120041868 | AGGREGATION OF TRADING ORDERS - Systems and methods for generating limit order books are disclosed. A computer system may receive, from a plurality of trading entities, orders that are specified using a machine-to-machine communication protocol. The computer system may select two or more of the received orders, including orders from at least two different ones of the plurality of trading entities, and then generate a limit order book that includes the selected orders. The computer system may then convey the limit order book to a graphical user interface of a trader. In one embodiment, the orders may be for foreign exchange instruments. | 02-16-2012 |
20120041869 | AUTOMATED TRADING - Systems and methods for automated trading are disclosed. In one embodiment, a computer system may execute program instructions to generate dealable prices at which a first trading entity is willing to buy and/or sell an item. The system may then communicate the generated prices from the computer system to a trading system, causing the trading system to post the communicated prices. In another embodiment, the computer system may execute program instructions to determine to hit dealable prices for items posted to the trading system. For example, these actions may be performed for spot trades of a foreign currency pair, without requiring the use of a graphical user interface. In other embodiments, the computer system may use received prices to automatically generate a pricing forecast. | 02-16-2012 |
20120047058 | Non-biased, centrally-cleared financial instrument and method of clearing and settling - In accordance with the principles of the present invention, a non-biased, centrally-cleared financial instrument, and method of electronic clearing and settling such a financial instrument is provided. The non-biased, centrally-cleared financial instrument of the present invention is to be centrally cleared and can be traded or transacted either on or off an exchange or trading platform, whether traded as a future or other type of financial instrument. The non-biased, centrally-cleared financial instrument of the present invention has a terminal value such that the terminal value offsets co-movement of variation margin and investment return on the variation margin during the life of the financial instrument. | 02-23-2012 |
20120047059 | METHOD, SYSTEM, MARKET ENVIROMENT, COMPUTER PROGRAM PRODUCT AND FINANCIAL PRODUCT FOR ISSUING AND SELLING A PRIMARY SECURITY ON A SECONDARY MARKET - A method, system and/or computer program product for selling a primary security into a public market on which a corresponding secondary security is concurrently offered for sale at a secondary market price that includes determining the secondary market price of the secondary security; offering the primary security for sale at a primary market price that is the same as the secondary market price; selling the primary security to a buyer at the primary market price; such that the primary security is offered for sale and sold by a seller and/or on behalf of the seller, and the seller is the issuer of the primary security; the primary security is a registered shelf offering; and during the selling, the primary security is indistinguishable from the secondary security to the buyer. | 02-23-2012 |
20120047060 | Computerized Moniker-Based Equity Trading System and Method of Creation - A GUI with a relational database backend, and associated computer systems, setup for the real time automation, management, and distribution of financial products of monikers that are created by mathematical means. The GUI, website, relational database, and other associated computer systems will allow a trader the opportunity to trade monikers with other traders. The financial products are identified by the moniker (real name or fictitious name) of an individual, title, position, or character. The mathematical means of generating the financial products consist of the publicly traded companies that the moniker has interacted with. Data that is required to compute the financial products will come from the associated computer systems, other repositories, or forms of documentation acquired manually or automatically. Data is pulled automatically from the relational database to calculate the value of the financial products and then stores the results across multiple computer systems including the relational database accessed through the GUI by an end user. | 02-23-2012 |
20120047061 | SYSTEMS AND METHODS FOR MONITORING CREDIT OF TRADING COUNTERPARTIES - Systems and methods are provided which monitor trades entered into and cleared by counterparties, track the net and gross positions of counterparties and the counterparties' parent entities, trigger warnings when counterparties or their parent entities exceed a warning limit, and shut-off counterparties' trading ability when counterparties exceed a credit limit. An operator of a credit system using these systems and methods is provided with a variety of interfaces through which the operator can set up new counterparties, search a list of counterparties, view and edit basic information for counterparties, view financial information for counterparties, view and edit notes regarding to counterparties, view and edit limits of counterparties, view position versus limit information for counterparties, view the current day's position information for counterparties, and view cumulative position information for counterparties. | 02-23-2012 |
20120047062 | EXCHANGE TRADED INSTRUMENTS DIRECTED TO MANAGING RISK - The invention relates generally to an exchange traded debt instrument including underlying instruments for managing default risk. The debt instrument allows borrowers and lenders to come together in a futures-style exchange. The exchange acts as a counterparty to all transactions on the exchange thereby transferring default risk from lenders to the exchange. | 02-23-2012 |
20120047063 | CONVERSION OF OVER-THE-COUNTER SWAPS TO STANDARDIZED FORWARD SWAPS - Systems, processes and methods are described for converting over-the-counter derivative products such as interest rate swaps (IRSs) to standardized forward swaps, such as centrally cleared interest rate swaps. The value of each leg of the over-the counter swap may be determined and compared to a value of a corresponding leg of the forward swap. A mark-to-market value may be determined as the difference between the values. | 02-23-2012 |
20120059752 | POST TRADE HANDLING MODULE AND A METHOD THEREIN - The invention relates to a method in a post trade handling module ( | 03-08-2012 |
20120059753 | SYSTEM AND METHOD FOR ELECTRONIC FINANCIAL EXCHANGE - A system and method for providing a financial exchange is disclosed. In an embodiment, at least one agreement term associated with collateral is received from a first computing device, as well as a request for at least one agreement that relates to the agreement term(s). At least one electronic agreement that includes terms for collateral, a financial amount, an interest rate and a termination date is transmitted to the first computing device. A selection of one agreement is received that represents a first commitment by the first counterparty to be bound to the terms of the agreement. An electronic commitment representing a second commitment is received from a second computing device, and electronic collateral information is received from the first computing device or from a third computing device. First payment information is received from the second computing device or from a fourth computing device. | 03-08-2012 |
20120059754 | System and method for auction based sales and procurement of geographically dispersed aviation fuel and services - A computer-based network auction system and method where geographically dispersed aircraft operators solicit competitive quotes for fuel and services from geographically dispersed FBOs, and FBOs submit quotes and communicate and market directly to aircraft operators planning trips to the FBOs airport or nearby airports. | 03-08-2012 |
20120059755 | SYSTEMS, METHODS, AND COMPUTER PROGRAM PRODUCTS FOR CREATION AND TRADING OF ENHANCED BONDS - A system, method, and computer program product are provided for the creation of enhanced bonds. Enhanced bonds are backed by the security of a credit default swap contract without the need for separate purchase thereof. A bond dealer is able to exchange a traditional bond instrument, which has been issued in a manner that permits the exchange, for enhanced bonds by selling the credit default swap contract to an eBond LLC and tendering the exchangeable bonds for eBonds through the bond indenture trustee. The enhanced bond facilitator calculates the exchange rates for these instruments at the time of exchange based on several variables, including the cost of the underlying credit default swap contract for a desired level of protection. | 03-08-2012 |
20120066109 | SYSTEM AND METHOD FOR DERIVING DATA - Best bid and best offer rate data from deals concluded on an anonymous trading system in a fungible instrument such as a foreign currency pair are processed to derive indicative rates. A minimum indicative rates spread between bid and offer prices is defined. The indicative rate bide and offer prices are set to the received best bid and offer prices and alternatively an amount is added to the indicative offer rates and subtracted from the indicative bid rates until the spread between the indicative bid and offer rates is greater than or equal to the predefined minimum indicative rates spread and greater than the spread between the best bid and offer prices. | 03-15-2012 |
20120066110 | System And Method For Displaying A View Of Market Depth On A Graphical User Interface - A graphical interface and method are provided for displaying market information corresponding to a tradeable object. According to one example embodiment, a market depth indicator is displayed in relation to a value axis in a market overview interface. Then, detailed market depth is displayed in a market depth interface, and a plurality of market depth prices displayed in the market depth interface are adjustable based on a position of the market depth indicator in relation to the value axis. | 03-15-2012 |
20120066111 | System and Method for Settling Trades - A method of settling trades includes the steps of obtaining an authenticated delivery instrument, wherein the authenticated delivery instrument is authenticated by a first exchange and may be used to settle a trade undertaken on the first exchange. An electronic proxy is issued for the delivery instrument, wherein the electronic proxy may be exchanged for the authenticated delivery instrument and where the electronic proxy is used to settle a trade undertaken on a second exchange. | 03-15-2012 |
20120066112 | System and Method for Changing the View of a Trading Screen - A trading screen displays market information, such as working orders, buy and sell orders, and other items of interest, in association with values on a value axis. Each item of interest is therefore displayed in relation to the value axis to provide a trader with an intuitive display of the market. In one embodiment, a user can select a location associated with a particular value on the trading screen and upon an selection, for example, by a click of the mouse button, the value axis is repositioned so that the selected value is moved to a predefined location. During which, market information is moved to new locations that are associated with their respective values on the value axis. | 03-15-2012 |
20120066113 | System and Method for Computing and Displaying Effective Bid and Ask Information - A data feed from an electronic exchange carries certain pieces of market information. Software at the trading station receives the data feed and computes an effective bid price and/or an effective ask price based on a particular quantity to trade. Then, the effective bid price and/or effective ask price are indicated to the user. An effective bid price is an average price at which a certain quantity could be sold based on current market conditions. An effective ask price is an average price at which a certain quantity could be bought based on current market conditions. Depending on the available quantities in the market, the effective prices may represent spreads different from the actual spread of the inside market. This information may be used to, among other things, make more accurate trades at prices. Additionally, a derivative of price, such as yield, may be used to compute other types of effective bid and/or ask information. | 03-15-2012 |
20120066114 | System and Method of Utilizing a Distributed Order Book in an Electronic Trade Match Engine - Methods and systems are providing for minimizing the effects of transmission delays when providing orders for financial instruments. A plurality of order books and match engines may be maintained at geographically dispersed locations. The orders may be synchronized to provide the appearance of a single order book to traders and other users. The plurality of order books and match engines allow traders and other users to transmit orders to the match engine associated with the shortest transmission delay and to access orders pending at other match engines. | 03-15-2012 |
20120066115 | System and Method for Trading Order Priority Levels in an Electronic Trading Environment - A system and method for trading order priority levels in an electronic trading environment are described. In one embodiment, a trader who is willing to have his order moved from a high priority level to a lower priority level in an order queue may advertise his willingness to do so, and other traders can place bids for the high priority level. In such an embodiment, for example, a bidder who places the highest bid or whose bid is received first may get the high priority level in the order queue in exchange for the paid fee. | 03-15-2012 |
20120072326 | Smart Trade Template Based Matching - Systems and methods for matching orders are provided. One or more trade templates are created. The trade templates define groups of orders for financial instruments that may be combined such that all of the orders are matched. A collection of tradable price levels is also created for each template. New orders and resting orders are analyzed using one or more trade templates and tradable price levels to determine whether a combination of orders satisfies all of the elements of a trade template with a required price level. When all of the elements of a trade template are satisfied and an order with a tradable price level is received, the corresponding orders may be matched contemporaneously. | 03-22-2012 |
20120072327 | AUTOMATED TRADING SYSTEM FOR ROUTING AND MATCHING ORDERS - An automated system for routing orders in an exchange configured for trading securities or derivatives is disclosed. The system includes an electronic trade engine operative to receive an order from an originating firm, the order including a designation specifying a preference for a particular market maker for a security or derivative at the exchange. Upon determining that the order cannot trade at the exchange, the electronic trade engine, via an order handling system, is operative to route the order to a second exchange with a second designation that is one of: identical to the designation of the received order or modified to a different designation according to predetermined instructions. | 03-22-2012 |
20120072328 | SYSTEM AND METHOD FOR CREATING PARITY ON CLOSE ORDERS - An automated system for creating parity on close orders in an exchange configured for trading securities or derivatives is disclosed including an electronic trade engine operative to receive an order for a security or derivative at the exchange, the trade engine further operative to disseminate a request for a price message to a plurality of market makers quoting a class in response to receiving the order, wherein the request for a price message includes a parity amount for the order; an electronic book in communication with the electronic trade engine, the electronic book operative to store at least one order received by the electronic trade engine; and wherein, in response to the request for a price message, the electronic trade engine receives at least one price message that includes a fee in addition to the parity amount. | 03-22-2012 |
20120072329 | ELECTRONIC QUANTITY PURCHASING SYSTEM - Disclosed is an electronic quantity purchasing system which is a host computer that a user may access to purchase quantities of goods or services at a locked-in price for later redemption. The preferred communication means employed is via secure, high-speed Internet access. Data storage is electronic. Users employ the system to make an instant purchase of a small or large quantity of a commodity, such as gasoline at the current purchase price. Users can redeem all or part of their balance for real product at a physical location in the future when desired. The redemption will draw down the user's account balance at the locked-in purchase price, so the user is able to circumvent the market price in effect at the time of redemption. | 03-22-2012 |
20120072330 | TRADE EXECUTION METHODS AND SYSTEMS - One embodiment of the present invention relates to securities trading using electronic systems. Another embodiment of the present invention relates to a computer implemented trade execution method, comprising: sending from an execution venue to each of a plurality of smart order routers a notification message; receiving at each of the smart order routers the notification message sent thereto, wherein the notification message notifies each of the smart order routers about the presence of a non-displayed priced order at the execution venue; sending from at least one of the smart order routers to the execution venue at least one order to execute against the non-displayed priced order; receiving at the execution venue each order sent from each of the smart order routers; and executing at least one order received from at least one of the smart order routers against the non-displayed priced order. | 03-22-2012 |
20120072331 | System and Method for Monitoring Trades Outside of a No-Bust Range in an Electronic Trading System - An alert system that notifies an Exchange's staff of a trade appearing to be outside an expected market range of prices includes determination logic which derives, based on data received from an input device, a theoretical no-bust range of prices, i.e. prices above and below a synthesized market price, within which an erroneous trade cannot be cancelled. Evaluation logic monitors trades and compares them to the theoretical no-bust range of prices. Alert logic notifies the Exchange's staff when the evaluation logic identifies a potentially erroneous trade that lies outside the theoretical no-bust range of prices. A method of notifying the Exchange of a trade that potentially lies outside of an expected range of prices includes monitoring an input range of prices, deriving the theoretical no-bust range of prices, comparing transactions prices to the theoretical no-bust range of prices and notifying the Exchange when a potentially erroneous trade can be cancelled. | 03-22-2012 |
20120072332 | Public Offering Risk Management - The present invention provides an auction system that allows IPO sales to be offered in an open and transparent manner, wherein, a certain percentage (up to 100%) of shares in an IPO can be offered to qualified bidders at a “buy now” pre-auction price, set by an issuer and/or underwriter. Investors can be allowed to “bid some shares out of the auction process” and thus guarantee those investors' allocation while also allowing bidders to participate in an open auction for other shares. Shares of stock to be offered in an IPO can include a subset of pre-auction price shares and a subset of auction price shares. The pre-auction price shares are offered to pre-auction bidders at a pre-auction price, and auction shares are generally sold to the highest bidder. Pre-auction sales can serve as a catalyst for generating enthusiasm for an associated IPO auction. | 03-22-2012 |
20120072333 | SYSTEM AND METHOD FOR DISPLAYING AND/OR ANALYZING A LIMIT ORDER BOOK - Various systems and methods for determining information about limit orders is provided. Data regarding a plurality of limit orders entered onto an electronic market is received and stored. For each of a subset of the plurality of limit orders, a market distance is determined. The market distance comprises the difference between the price of the respective limit order and a market price. A weighting of the respective limit order is determined based at least on the determined market distance for the respective limit order. One or more market indicators is determined based at least in part on the weighting of each of the at least two limit orders. The one or more market indicators are caused to be displayed in a graphical user interface. | 03-22-2012 |
20120078768 | METHOD AND SYSTEM FOR MANAGING COMMODITY TRANSACTIONS - The present invention relates to a web based system for handling commodity transactions. The system is an electronic system, and allows for the central filing, storage, issuance, maintenance, cancellation and other actions associated with electronic warehouse receipts, electronic price later credit sales contracts and electronic reports, including status and position reports. | 03-29-2012 |
20120078769 | METHOD, AGENT AND COMPUTER PROGRAM PRODUCT FOR STRATEGY SELECTION IN AUTONOMOUS TRADING AGENTS - In a method of strategy selection trading in autonomous trading agents, a plurality of information is perceived regarding characteristics of an autonomous trading agent, the plurality of information is transmitted and interpreted using a plurality of agent policies, a set of acceptable trading strategies is obtained and the acceptable trading strategies are further evaluated via a utility function, and an action within the utility function is executed and bids to be traded by the autonomous trading agents on a market are sent. | 03-29-2012 |
20120078770 | METHOD FOR VALUING FORWARDS, FUTURES AND OPTIONS ON REAL ESTATE - A system and method for matching buy and sell orders is provided. A daily cash index of real estate values for a local region is maintained and a trading instrument representative of an interest in real estate in the local region is created. In this regard, a cash settlement of the trading instrument is a function of the daily cash index on the date of said cash settlement. In addition, a plurality of buy orders relating to the instrument are generated; a plurality of sell orders relating to the instrument are generated; and the buy and sell orders are matched to determine a purchase and sale of the instrument. | 03-29-2012 |
20120078771 | Systems, Methods, and Apparatus for Creating and Trading Hybrid Derivative Financial Instruments - Computer systems, methods, and exchanges for generating and trading novel investment products (“Vχlshares”) are described. In some embodiments, the computer system comprises a computer-readable storage medium including data encoding a value for the Vχlshare based on an underlying. The computer-readable storage medium further includes data encoding an expiration date for the Vχlshare. The computer-readable storage medium of the computer further includes data encoding a price for trading the Vχlshare, the price for trading being a function of the underlying. The computer-readable storage medium also includes data encoding an alpha-numeric symbol for the Vχlshare. The computer is configured to enable execution of trades of the Vχlshare on a platform, such as options platform, an OTC platform, or a platform especially designed for the trading of Vχlshares, on which shares of fully collateralized instruments are traded. | 03-29-2012 |
20120078772 | APPARATUSES, METHODS AND SYSTEMS FOR A DYNAMIC TRANSACTION MANAGEMENT AND CLEARING ENGINE - A Dynamic Transaction Management and Clearing Engine that transforms various data inputs into transaction processing outputs. Contract purchase details, including position volume and purchase volume, for a plurality of contract purchases, each contract having a specified term and trading on an exchange, may be recorded. Short position delivery intents may be received from exchange members having short positions. An instrument nomination specifying a financial instrument to be delivered by a respective associated exchange member may be received for each short position delivery intent. Received short position delivery intents may be aggregated, and a pool of long positions that will take delivery of short positions associated with the aggregated short position delivery intents may be determined. A delivered positions record comprising details for the short positions associated with the aggregated short position delivery intents and the pool of long positions that will take delivery may be generated. | 03-29-2012 |
20120078773 | Method and System for Calculating an Intraday Indicative Value of Leveraged Bullish and Bearish Exchange Traded Funds - A computer implemented method, system, and software for calculating and using an intraday indicative value of a leveraged Bullish or Bearish exchange traded fund (“ETF”) for arbitrage purposes, includes calculating an intraday current value of all the equity securities in the ETF (applicable only to Bullish ETFs), calculating mark to market gains or losses of at least one derivative product, and retrieving an accumulated loss or gain of the at least one derivative product and other cash equivalent amounts. The intraday indicative value of the ETF is determined by combining the calculated intraday current value of all the equity securities (applicable only to Bullish ETFs), the accumulated loss or gain, the mark to market gains of the at least one derivative product and other cash equivalent amounts. The determined intraday value of the ETF is used, by a party, for arbitrage purposes. | 03-29-2012 |
20120078774 | Method and System for Calculating an Intraday Indicative Value of Leveraged Bullish and Bearish Exchange Traded Funds - A computer implemented method, system, and software for calculating and using an intraday indicative value of a leveraged Bullish or Bearish exchange traded fund (“ETF”) for arbitrage purposes, includes calculating an intraday current value of all the equity securities in the ETF (applicable only to Bullish ETFs), calculating mark to market gains or losses of at least one derivative product, and retrieving an accumulated loss or gain of the at least one derivative product and other cash equivalent amounts. The intraday indicative value of the ETF is determined by combining the calculated intraday current value of all the equity securities (applicable only to Bullish ETFs), the accumulated loss or gain, the mark to market gains of the at least one derivative product and other cash equivalent amounts. The determined intraday value of the ETF is used, by a party, for arbitrage purposes. | 03-29-2012 |
20120078775 | Electronic call auction trading system and method - A computer-implemented method for initiating a call action trade including the steps of providing at least one user trade request to a computer system and sending out third party trade invitations from the computer system contingent upon the user trade request seeking to find liquidity for the trade request. It further includes the facilitating in the computer system an electronic trade auction between a third party having liquidity and the user for the user trade request. | 03-29-2012 |
20120078776 | CONVERTING A TRADE TRANSACTION AGREEMENT INTO ALLOWABLE STRUCTURED PROJECTS - A trade transaction agreement, defined as a basket, of one or more structured products, may be converted into one or more structured products. Trade information that represents the trade transaction agreement may be initially provided or specified in various forms, to subsequently be analyzed to construct the trade transaction agreement into its corresponding structured products. The structured products are suitable for submission to post-trade processing facilities for subsequent processing thereof and are accordingly submitted. The structured products may be submitted to a variety of post-trade processing facilities, or one post-trade processing facility may be utilized. | 03-29-2012 |
20120078777 | Live Alerts - Systems and methods for monitoring the trading of financial instruments are provided. Trading messages are received at a live alert server. The messages are analyzed with a set of predetermined limits and rules. When a predetermined limit or rule is violated, an email message is sent to a regulator or other trading entity. The email message may include a hyperlink that may be selected to generate a real-time report relating to the limit or rule. When hyperlink is selected, a query is sent to a query server where the real-time report is generated and transmitted back to the requesting party. | 03-29-2012 |
20120084190 | Systems and Methods for Using a Stacker Order in an Electronic Trading Environment - A stacker order type is provided for a spread trading strategy. According to an example embodiment, when a stacker order is enter to buy or sell a spread at a desired spread price, a trading tool dynamically determines a plurality of desired spread prices at which to work the spread. To work the multiple desired spread prices, the trading tool may then enter a quoting order for each desired spread price. As leaned on market prices change, one or more of the quoting orders may be re-assigned between the desired spread prices to minimize re-quoting. | 04-05-2012 |
20120084191 | Sticky Order Routers - A sticky order routing system may include multiple order routers in communication with an electronic exchange for communicating transaction messages. Each of the order routers communicates transaction messages between multiple associated trading sessions and the electronic exchange, where of the associated trading sessions is assigned to the order router in communication with the electronic exchange. Transaction message traffic between the order routers and the electronic exchange is monitored, such as randomly, based on round-robin assignment, and/or trading data. In response to transaction message traffic exceeding a threshold, the trading session may be assigned to a new order router. | 04-05-2012 |
20120084192 | System and Method for Coordinated Sales and Implementation of Financial Products - Systems and methods for the coordinated sales and implementation of financial products are disclosed. In accordance with embodiments of the present disclosure, an apparatus may include a network interface and a processor coupled to the network interface. The network interface may be configured to receive a request for a client's purchase of a financial product, the request including client information. The processor may be configured to execute logic to (i) generate implementation documents based at least on the client information, the implementation documents comprising documents to be completed as a prerequisite to issuance of the financial product; (ii) schedule a follow-up meeting relating to purchase of the financial product based at least on the client information; and (iii) contemporaneously electronically display implementation documents to a client and an implementation advisor to facilitate the implementation advisor's assistance to the client in completing the implementation documents. | 04-05-2012 |
20120084193 | SYSTEMS AND METHODS FOR MANAGING GLOBAL WARMING - A closed end financial instrument for the monetization of greenhouse gases is disclosed. The closed end security has unique features providing for the securitization of greenhouse gas reductions (e.g., avoidance, sequestration, transformation) on global and sub-global scales. A universal carbon index based on the computed value for metric tons fossil fuel derived CO | 04-05-2012 |
20120084194 | Controlling Markets During a Stop Loss Trigger - A system mitigates market spike effects caused by conditional ordering triggering and election in an automated matching system. The system monitors trading as a result of cascading triggering of conditional orders. When an order is executed beyond a predetermined price threshold, an instrument may be flagged, allowing matching to occur only at or within the predetermined price threshold. Orders within the price threshold are matched at the price threshold against orders beyond it, dampening any instantaneous damaging effects of the price spike. The system may adjust the price threshold when market appropriate, allowing the order flow to bring the market back to whatever is the true price level. The system mitigates purely conditional order cascade driven price fluctuations, but allows the market to continuously trade in controlled price and time intervals ensuring that true market moves can still occur without price control mechanisms hindering trade matching and true price discovery. | 04-05-2012 |
20120084195 | MULTIPLE QUOTE RISK MANAGEMENT - The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies. | 04-05-2012 |
20120089501 | Method for Sharing Ownership and Revenue with Customers - A new ownership and revenue sharing method where the customers have an opportunity to gain part ownership of the business, nurturing competition among the customers. In this method, Native Owners are the actual owners and/or stakeholders who have all the rights and initial majority of ownership. This could be the Founders, Investors and other primary stakeholders. The customers as a group would become the Secondary Stakeholders in the business. The total percentage of ownership given or dedicated or declared to the customers is at the discretion of the Native Owners/Primary Stakeholders. The maximum allowable secondary ownership is defined by the Primary stakeholders. | 04-12-2012 |
20120089502 | METHOD AND SYSTEM FOR ROUTING IOI'S AND TRADE ORDERS - Embodiments of the present invention include systems for linking routed orders to IOI's. Broker/dealers and buyside clients may be connected to the system through system interfaces or via standard FIX protocols. A broker/dealer may submit an order to the system, which verifies and forwards the order to an ATS to be matched with an authorized buyside order. The system constructs an actionable IOI (ATX-IOI) and sends the ATX-IOI to the buyside. The buyside may send responsive orders to the system, which verifies, creates, and submits a buy order to the ATS, preserving the anonymity of the buyside. If a trade is executed, the ATS delivers notice to the system, which may generate and send fill reports to the broker/dealer and buyside, at which point identifying information of the buyside may also be provided. The system may generate compliance and regulatory reports further to the completion of the trade. | 04-12-2012 |
20120089503 | SYSTEMS AND METHODS FOR TRADING A TRADE LIST IN FINANCIAL MARKETS - Systems and methods are provided for maintaining neutrality while trading a list of securities using an algorithmic trading facility coupled with at least one destination. This destination includes at least one alternative trading system (ATS). This facility is coupled, via an electronic data network, to a plurality of trading clients, and configured to receive a trade request to trade a list of securities from a trading client. This request includes user defined trading constraints that are used to generate and transmit trade orders to at least one ATS. The orders are transmitted based on trading data related to the destinations, the trade list, and the trading constraints. The facility can identify each executed trade corresponding to the trade orders and calculate a trade imbalance. The facility can determine whether the trade imbalance exceeds the trading constraints, and reallocate one or more of said submitted orders based on this determination. | 04-12-2012 |
20120089504 | ALGORITHMIC TRADING - Systems and methods of evaluating rules. Other embodiments are also described. | 04-12-2012 |
20120095895 | COMPUTER-IMPLEMENTED SYSTEMS AND METHODS FOR DETERMINING LIQUIDITY CYCLE FOR TRADABLE FINANCIAL PRODUCTS AND FOR DETERMINING FLOW-WEIGHTED AVERAGE PRICING FOR SAME - Computer-implemented systems and methods for determining a “liquidity cycle” for a tradable financial product. The liquidity cycle has a liquidity cycle time period that is made up of multiple discrete time intervals, and the liquidity cycle indicates an expected distribution of order flow at each discrete time interval over the liquidity cycle time period. The liquidity cycle is determined based on tick data for the financial product. The tick data can comprise time-stamped indicative price quotes for the financial product and/or time-stamped price data for completed transactions involving the financial product. The liquidity cycle can be used to compute a Flow-Weighted Average Price (FWAP) for the financial product over a specified FWAP trade time window. An investor may agree with the trader to buy or sell (depending on the side of the transaction) the financial product at the FWAP. | 04-19-2012 |
20120095896 | COMPUTER-IMPLEMENTED SYSTEMS AND METHODS FOR CALCULATING ESTIMATED TRANSACTION COSTS FOR TRANSACTIONS INVOLVING TRADABLE FINANCIAL PRODUCTS - Computer-implemented systems and methods for computing a transaction cost metric for a transaction (or trade order) involving a tradable financial product, such as a FX currency pair. The transaction cost metric can be computed pre-trade and compared to a quoted price for the trade from a dealer to evaluate the quoted price. The computed transaction cost metric, which is based on a slippage premium for the trade order, is based on at least a notional size for the trade order. The slippage premium represents a difference between an effective price at which the trade order is filled and a price for the financial product at inception of the trade order. The transaction cost metric may be computed as an average of a strip of options, where the values of the options are computed using an option pricing formula. The strip of options may comprise one or more options, each with different tenors, where the tenors correspond to the expected time periods for orders to arrive to fill the trade order. | 04-19-2012 |
20120095897 | SYSTEM AND METHOD FOR TRADING OF CARBON UNITS - A carbon credit trading system, comprising a server having an input for receiving information indicating a user's carbon usage; a payment calculator module comprising a processor and memory configured for calculating and outputting a value indicating a cost of a selected portion of the user's carbon usage, an output for sending the calculated value to the user for approval; a user input for receiving approval of the calculated value or receiving further information from the user indicating an alternative selected proportion of the carbon usage that the user will pay; and a payment module for initiating billing of the user after receiving the user's approval. | 04-19-2012 |
20120095898 | AUTOMATED TRADING EXCHANGE SYSTEM HAVING INTEGRATED QUOTE RISK MONITORING AND INTEGRATED QUOTE MODIFICATION SERVICES - An automated trading exchange having integrated quote risk monitoring and quote modification services. An apparatus is implemented using at least one computer, having memory, and a processor. The computer is configured to receive orders and quotes, wherein specified ones of the quotes are contained in a quote group, and have associated trading parameters such as a risk threshold. Not all received quotes are required to have trading parameters as described herein. Preferably, the quote group contains all the quotes, or a subset of quotes, belonging to an individual market-maker for a given class of options contracts, or possibly the quotes of two or more market-makers that have identified themselves as belonging to a group for the purposes of risk monitoring and quote modification. The computer typically generates a trade by matching the received orders and quotes to previously received orders and quotes, and otherwise stores each of the received orders and quotes if a trade is not generated. The computer then determines whether a quote within the quote group has been filled as a result of the generated trade, and if so, determines a risk level and an aggregate risk level associated with said trade. The computer then compares the aggregate risk level with the market-maker's risk threshold, and if the threshold is exceeded, automatically modifies at least one of the remaining quotes in the quote group. The computer may also automatically regenerate quotes that have been filled. | 04-19-2012 |
20120095899 | Community-based metropolitan funds - A community-based metropolitan fund is a collection of investment instruments which focus solely on performance of publicly traded companies with community ties to a metropolitan area. The community ties for each managed fund for each respective metropolitan area are either (1) that the publicly traded company has headquarters in said metropolitan area, (2) that the publicly traded company has its principal place of business within the metropolitan area, (3) that the publicly traded company has more employees engaged within the metropolitan area than any other metropolitan area, or (4) that the publicly traded company has a higher payroll within the metropolitan area than any other metropolitan area. The managed fund is either an open-end fund, an exchange traded fund, or a closed end fund, and is a broad-based mutual fund with investments in many types of securities to reduce risk of loss in the event of a downturn. | 04-19-2012 |
20120095900 | ELECTRONIC SECURITIES MARKETPLACE HAVING INTEGRATION WITH ORDER MANAGEMENT SYSTEMS - An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities. | 04-19-2012 |
20120095901 | SYSTEMS AND METHODS REGARDING TARGETED DISSEMINATION - One exemplary aspect comprises a computer-implemented method comprising: (a) electronically receiving, from a first securities market participant, data including information related to a first order and to one or more group rankings for dissemination; (b) electronically determining with one or more processors, based on data regarding a second securities market participant and the order information and group rankings, whether the second securities market participant has a second order, on the contra side of the first order, and whether, in accordance with the group rankings, the second securities market participant is qualified to receive information about the first order; and (c) after, and only if, the second participant is determined to be qualified, transmitting information sufficient to display to the second securities market participant the information about the first order. | 04-19-2012 |
20120095902 | METHOD AND APPARATUS FOR A FAIR EXCHANGE - A fair exchange is disclosed to reduce potential inequities in an electronic trading environment. Market data is sent from a host system to client devices through one or more synchronized local communication servers such that the data can be displayed simultaneously or nearly simultaneously at each client device. Market data sent to client devices might include price information. Likewise, a host system may transaction data sent from client devices via the local communication servers. The ordering of transaction data is based, at least in part, on when the local communication servers received the transaction data from the client devices. Transaction data sent to a host system might include order information. | 04-19-2012 |
20120095903 | System and Method for Trading Financial Instruments Based on Undisclosed Values - In electronic trading venues, there may be orders for which the full information is not publicly displayed. For example, the full quantity of an order available for trading or the most aggressive price at which an order can be traded may not be made public. A system and method are disclosed that facilitates trading based on this non-public information. A first order associated with a financial instrument is placed at a venue to probe for non-public information related to the financial instrument. The results of the probe may then be used to place a second order at the venue that takes advantage of any discovered non-public information. | 04-19-2012 |
20120101931 | SYSTEM AND METHOD FOR IMPLEMENTING AND MANAGING BUNDLED OPTION BOX FUTURES - A system and method of providing a collateralized loan utilizing a clearing counterparty is disclosed. The method includes receiving an order at a match engine module, the order related to a futures contract based on an options box spread as the deliverable asset such that the futures contract represents a collateralized loan and such that the order includes an interest rate associated with the collateralized loan, analyzing, at the match engine, the order to determine a strike interval, scanning an order book module in communication with the match engine module, such that the scan is based on the determined strike interval, and automatically defining a first pair of options at a first strike price and a second pair of options at a second strike price, such that the determined strike interval defines the first and second strike prices, such that the first and second pair of options cooperate to define the option box spread. | 04-26-2012 |
20120101932 | AUTOMATION OF ENERGY TRADING - A computer program for automating energy trading between regional transmission organizations (RTOs) is disclosed. The computer program includes computer readable program code means for creating a template for an energy trade between two RTOs, wherein the template comprises a plurality of trade components, the plurality of trade components being arranged in sequential order according to an RTO's required order of execution; computer readable program code means for selecting a template for an energy trade between two RTOs; computer readable program code means for displaying a summary of a trade; and computer readable program code means for monitoring and displaying a trade's status. | 04-26-2012 |
20120101933 | Prediction Market System and Methods - Systems and methods for operating a prediction market, including methods for finding disagreement with the consensus among participants and methods for managing liquidity. Also, an interactive user interface to facilitate investing, with one user action, in a prediction market. | 04-26-2012 |
20120101934 | EXCHANGING WATER ALLOCATION CREDITS - A method of exchanging water allocation credits comprises accessing data describing a water allocation credit reserved for a first user. An unused amount of the water allocation credit which will not be used by the first user is then determined. A sale is then brokered of the unused amount of the water allocation credit to another user. | 04-26-2012 |
20120101935 | Aggregated Trading System - A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions. | 04-26-2012 |
20120109808 | PERIODIC RESET TOTAL RETURN INDEX FUTURES CONTRACTS - A periodic reset total return index may be based on a standard index, such as an equity index. The value of the periodic reset total return index may be the sum of the standard index plus the income flow generated by the index, such as dividends generated by stocks. The periodic reset total return index valuation may be deployed as the basis for a futures contract. On a periodic basis, the income flow accrued for the preceding period are passed from the short to the long position holder, with a corresponding adjustment of the settlement price of the contract. The expiration of the contract may be settled at the sum of the underlying index quotation plus the income flow accrual for the previous period. A buyer of a futures contract based on a periodic reset total return index receives the performance of the index plus the intervening income flow accrual. | 05-03-2012 |
20120109809 | MIDPRICE TRADING WITHIN A SPREAD MARKET - A system and method is provided to allow traders to submit midprice orders to trade at a price within a spread of a market, preferably at the midpoint of a spread market, while maintaining anonymity of the midprice order. A midprice order is anonymous because other traders do not know whether the submitted midprice orders are orders to buy or orders to sell. A midprice order may remain active until it is traded with a contra midprice order or until a parameter associated with the order is breached, thereby resulting in cancellation of the midprice order. | 05-03-2012 |
20120109810 | System and Method for Selectively Displaying Market Information Related to a Plurality of Tradeable Objects - A graphical interface and method are provided for selectively displaying market information corresponding to a plurality of tradeable objects. According to one example method, a scanning feature is provided in relation to a number of tradeable object indicators. Upon detecting a predefined movement of a user input device in relation to the plurality of indicators, a graphical interface dynamically displays market information corresponding to the tradeable objects as a predefined movement of the user input device is detected in relation to the tradeable object indicators. | 05-03-2012 |
20120109811 | System and Method for Activity Based Margining - A system and method for factoring in a trader's trading activity into the margin requirements is disclosed. In the securities arena, day traders are assessed different margins than non-day-traders, however, the specific profile of the trader is analyzed (that is, the same rule applies to all day traders). | 05-03-2012 |
20120109812 | System and Method for Use in Auditing Financial Transactions - A data processing system that records detailed market information for one or more financial markets to facilitate the audit of executed trades for time, quantity, and price as being reasonable. The system receives and records data from financial markets, including the date and time trades are executed and the prices at which the financial instruments traded. The system provides users the ability to compare a particular transaction for a financial instrument to transaction data for the same and/or related financial instruments at around the same time, to determine whether the price paid for the financial instrument is reasonable for the time the trade was executed. A trade confirmation service is also provided to permit traders to verify the parameters of executed transactions. | 05-03-2012 |
20120109813 | System and Method for Assisted Awareness - A data feed is monitored to determine whether a condition is satisfied. If the condition is satisfied, an alert is initiated to attract a user's attention. Thereafter, playback mode is entered causing the example system to playback a short period of time-compressed data that occurred just prior to the event occurring to set context for the user. Once the playback signal has caught up with the real-time data feed, the data is output at normal levels. Other configurations, which are described herein, are also possible. | 05-03-2012 |
20120116942 | COMPUTER SYSTEM AND METHOD FOR GENERATING AND EXECUTING ORDERS WITHIN A PRICE RANGE - A computer system and method generate orders to be executed in an electronic exchange, and execute the orders. An order data processor processes order data, and an order transmitter transmits an order to the electronic exchange based thereon. The order data includes at least one price limit which specifies a range of prices that is required for the order to be executed. The order is executable within the price range only. If the order is a buy order, the at least one price limit includes a minimum price to execute the buy order, and if the order is a sell order, the at least one price limit includes a maximum price to execute the sell order. The order is added to an order book for being executed at the end of a call auction. A derivatives trader may thus reduce the risk of having incorrect inventory in an underlier. | 05-10-2012 |
20120116943 | System and Method for Processing Contracts for Conditional and Unconditional Forward Sales of Retail Goods - The invention is directed to a system and method for facilitating the completion of contracts for conditional or unconditional forward sales (CCUFSs) of retail goods via a CCUFS exchange, in combination with a distribution network for taking delivery on completed contracts. The system comprises a CCUFS exchange comprising a networked computing device and at least one database, and a retail distribution network comprising a plurality of retail distribution points. Using the CCUFS exchange, users may post offers to buy and sell on basic futures contracts, put and call options, and secondary sales, as well as more complex derivatives. Offers having similar terms may be pooled together and an inventory rebalancing module may redistribute retail goods or money to sellers that over-deliver or under-deliver. | 05-10-2012 |
20120116944 | System and Method of Electronic Exchange for Residential Mortgages - A method and exchange system for trading individual, whole loans and providing anonymous credit qualification and price negotiation in an open forum. The system includes a server computer configured to receive data representing an estimated tradable range for the at least one whole loan, wherein the estimated tradable range is calculated from the documentation data; transmit, to the at least one seller, the data representing an estimated tradable range; make available to remote bidders, through the at least one network, listing data comprising data relating to the at least one whole loan; receive, from at least one remote bidder, at least one bid for at least one whole loan; and determine, for each of the at least one whole loan, a winning bidder based on the at least one bid received from the at least one remote bidder. | 05-10-2012 |
20120116945 | Method and System for Displaying and Trading Spreads - A trading application can receive price and quantity information for tradeable objects. The trading application can compute implied price and quantity information for spreads of the tradeable objects. Direct and indirect price and quantity information for the spreads can be displayed in a manner that shows the relationship with each other and with the price and quantity information for the tradeable objects. | 05-10-2012 |
20120116946 | Foreign Currency Index - Systems and methods are provided for trading and calculating the composition of foreign currencies indexed financial instruments. The compositions of the financial instruments are determined by calculating a geometric average of the exchange rates of foreign currencies with corresponding competitive weights. The competitive weights for each of the foreign currencies reflects competition between the goods of the United States and a country corresponding to the foreign currency in the markets of third countries. | 05-10-2012 |
20120116947 | Flexible System and Method for Electronic Trading - System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein. | 05-10-2012 |
20120116948 | GRAPHIC PROCESSING APPARATUS FOR STOCK/FUTURES TRADING CONDITIONS - The invention relates to a graphic processing apparatus for stock/futures trading conditions is configured by systematically linking and deploying: a computing module capable of deriving various pieces of stock/futures trading information reflecting stock/futures trading conditions by stock/futures trading times and prices, within a communication pipeline at an exchange system; a computing module capable of producing a screen with stock/futures trading times and prices on a horizontal axis and on a vertical axis, and arranging CRIs (Cells for Recording Stock/Futures Trading Information) corresponding to stock/futures trading times and prices in a matrix configuration on the screen; and a computing module capable of generating an ST (Stock/Futures Trading Information Relation Graph Tag) conforming to stock/futures trading information by stock/futures trading times and prices, inputting the generated ST into the CRIs, and inducing the display of stock/futures trading information by stock/futures trading times and prices. | 05-10-2012 |
20120123925 | SYSTEM AND METHOD FOR ROUTING A TRADING ORDER ACCORDING TO PRICE - A system for routing a trading order to a market center according to price comprises a memory and a processor. The memory stores policy information, cost information, and rebate information associated with a plurality of market centers. The processor receives a trading order specifying a trading product, a plurality of market center prices for the trading order, and best price information for the trading product. The processor adjusts at least one market center price according to the policy information of the corresponding market center and the best price information. The processor also adjusts at least one market center price according to at least one of the cost information and the rebate information of the corresponding market center. The processor then compares the plurality of market center prices, and selects a particular market center based at least in part upon the comparison. | 05-17-2012 |
20120123926 | INTERACTIVE INFORMATION SYSTEM - According to an exemplary embodiment of the present invention, an interactive information system for providing user data is stated, in which a control unit pre-processes data selected from raw data received from at least one individual data source. The selected pre-processed data is then transmitted to a user interface device where it is further processed and interactively displayed. User data is transmitted as an array of data points to the user interface device via a data packet of a fixed maximum size. User data may be transported to the user interface device, even in the case if the network connection between the control unit and the user interface may be very bad, i.e. the network connectivity and/or the bandwidth are very low. | 05-17-2012 |
20120123927 | APPARATUS AND METHODS FOR HANDLING TRADING DATA - A manually-assisted computer and communications apparatus is provided for periodically fixing a price of a currency or commodity. Successive rate samples of said currency/stock/commodity are received from a plurality of sources ( | 05-17-2012 |
20120123928 | SPORTS SHARE TRADING SYSTEM AND METHOD - The sports share trading system provides a web site in which users, using real money, trade equitable shares of athletes in a closed market. Rookie sports cards are tokens representing the shares of stock in the athletes and are traded as financial instruments via the web site. Users who buy cards, i.e., shares of stock, and keep them in the market are eligible for bonuses and guaranteed buy-backs if they choose. A Hall-of-Fame guaranteed buy back rewards users owning shares representing athletes who reach predetermined performance levels designated as “Hall of Fame Tiers”. The buy-back offers are at a predetermined, published, guaranteed price, representing a conditionally guaranteed future value of all purchases. The self-contained trading platform web site is accessible by a variety of web-enabled devices. | 05-17-2012 |
20120123929 | System and Method for Estimating Order Position - A system and method for providing order queue position information are disclosed. In this application, market updates are received for a tradeable object from at least one exchange. To the extent that the market updates do not include enough details to compute the queue position of a trader's working orders, estimation may be used. As a result, an order queue is generated to approximate a trader's order position in an exchange price order queue. An interface may be used to display the generated order queue estimation to the trader which provides valuable trading information. | 05-17-2012 |
20120123930 | SYSTEM AND METHOD FOR PROVIDING ELECTRONIC PRICE FEEDS FOR TRADEABLE OBJECTS - System and methods for a price feed generation are described. According to an example method described herein, upon receiving market information including a plurality of linear prices and order quantities, a reference price level is selected and a price feed message is generated to include the reference price level and the plurality of order quantities. The price feed message is then provided to client terminals. | 05-17-2012 |
20120130880 | Systems and Methods for Product-Level and Contract-Level Risk Computations and Management - Various systems and methods are described herein for product-level and contract-level risk checks. The product-level and contract-level risk checks are used to either allow or prevent a trading strategy to proceed. When a trading strategy is initiated, quoting and hedge orders to be entered in relation to the trading strategy are grouped based on their association with the same contract or the same product. Then, a long position and a short position are determined for each quoting order on order quantities of a quoting order and each hedge order that is triggered by the quoting order at the product level and the contract level. The long or short position that are contributed by the hedge orders of each quoting order may then be offset by the quantity of the quoting order in the same product or the same contract. The computed values are then used to determine the worst case net product position and/or worst case contract position for the trading strategy. | 05-24-2012 |
20120130881 | Social Network for Traders of Stocks and Other Securities - A database may be used to aggregate indications of user intent to purchase or sell financial securities. This database may be accessed using mobile devices or client computers to thereby input user intent to purchase or sell financial securities. These inputs may be aggregated into the database. Users may be provided with the opportunity to purchase or sell in conformity with his or her intent indications. The intent indications may be verified by confirming that the user actually purchases or sells the financial security in conformity with his or her intent indication. This aggregate data may be accessed by users in order to query the user intent to purchase or sell securities ahead of their own actual purchases or sales. The data may then be reviewed by other users to aid in decisions whether to purchase or sell a financial security. | 05-24-2012 |
20120130882 | METHODS AND SYSTEMS FOR CREATING AND TRADING STRIPS OF FINANCIAL PRODUCTS - The present invention includes a method comprising receiving a first electronic BUY STRIP order; receiving a second electronic SELL STRIP order; matching the first STRIP order with the second STRIP order, wherein the first STRIP order is a contra order to the second STRIP order; executing the matched first and second STRIP orders; generating a first plurality of tradable component financial product trades based on the executed first STRIP order; generating a second plurality of tradable component financial product trades based on the executed second STRIP order; matching the first plurality of tradable component financial product trades with the second plurality of tradable component financial product trades, wherein the first plurality of tradable component financial product trades are contra trades to the second plurality of tradable component financial product trades; and executing the matched first and second plurality of tradable component financial product trades. | 05-24-2012 |
20120130883 | POSITION-KEEPING IN A MULTI-MARKET ENVIRONMENT - A computerized method of implementing position-keeping in a multi-market environment is described herein. The method comprises identifying a plurality of instrument transaction parameters based on a universal instrument ID of at least one instrument. The instrument transaction parameters comprise a market level identifier and a register level identifier. Further, at least one consolidation line is generated for the instrument based on at least the plurality of instrument transaction parameters, wherein the position-keeping is achieved based on the consolidation line. | 05-24-2012 |
20120130884 | EMBEDDED HARDWARE BASED SYSTEM WHICH PROVIDES REAL-TIME PRE-TRADE RISK ASSESSMENTS FOR MULTIPLE PARTIES AND METHOD THEREOF - A risk assessment system and method are provided that may be implemented as an embedded hardware based system and method that provide real-time pre-trade risk assessments for multiple parties, in addition to real-time market data and trading connectivity to a variety of liquidity venues. The liquidity venues may include regulated exchanges, ECNs and other financial institutions listing securities, options, futures, commodities, foreign exchange and other financial instruments. | 05-24-2012 |
20120136770 | Systems and Methods for Using Declining Balance Methodologies To Enhance Clearing of Dividend Futures and Other Instruments - Systems and method are disclosed for quoting, adjusting and settling futures contracts by successively removing the just-realized variables from the quoted futures price to focus the quoted contract value to the remaining unrealized economic variables. Further, such systems and method for quoting, adjusting and settling the futures contracts preserve the underlying economic consideration for the trade when compared with the traditional way of quoting futures based on the same cumulative sum. | 05-31-2012 |
20120136771 | Time Market Grid Interface - A system and method are provided for trading a tradeable object. One example apparatus includes a microprocessor, a graphical user comprising a first screen region having a plurality of locations in the first screen region, each location corresponding to a price level along a first axis and a time along a second axis. The apparatus also comprises a user input device for sending a command to initiate placement of a timed trade order, and an indicator being dynamically displayed in one of the plurality locations of the first screen region and corresponding to the timed order. In one example embodiment, the indicator dynamically moves over time relative to the second axis indicating a time until the order will be automatically sent to a computerized matching process. | 05-31-2012 |
20120136772 | PROGRAMMED TRADING SYSTEM - An Internet based investment account management system that consists of data, a rules database, a business logic manager and user profiles is described. The rules database stores information about system responses to modifications of the data. The user profiles store information concerning the availability of information and displays depending upon the user. Automatic updates to user profiles in response to modifications to the data are performed. The business logic manager can be configured to define whether the trader is authorized to execute a trade and whether sufficient holdings are available at a custodian bank in order to execute trade. A data exchange link may then be used to send data to a broker/dealer system to execute the trade. | 05-31-2012 |
20120136773 | SYSTEM AND METHOD FOR TRADING MULTIPLE TRADEABLE OBJECTS USING A SINGLE TRADING INTERFACE - A system and method are provided for displaying information related to a plurality of tradeable objects using a single graphical interface. One example graphical interface includes at least two screen regions displayed in relation to each other, with each region including a plurality of locations. Each location in the first screen region corresponds to a value along a first value axis, and each location in the second screen region corresponds to a value along a second value axis. The graphical interface also includes a first indicator in the first region and a second indicator in the second region. In response to a repositioning command based on an algorithm, the graphical interface includes a repositioned first value axis and the second value axis, such that the indicators are displayed in new locations determined based on the algorithm. | 05-31-2012 |
20120143739 | SYSTEMS AND METHODS FOR CALCULATING AN INFORMED TRADING METRIC AND APPLICATIONS THEREOF - Systems and computerized methods for calculating and using an informed trading metric are disclosed. The process of calculating the informed trading metric, executed by a processor, includes analyzing sets of trades of the security. The processor determines a magnitude of a difference between a volume of buy transactions and the volume of sell transactions in the plurality of trades. The processor then derives the informed trading metric based on the ratio of the determined difference magnitude to the total volume of analyzed trades. The derived informed trading metric may be employed by various systems to, among other things, hedge against market volatility, control securities exchange behavior, evaluate trader performance, and control the timing of trade execution by a broker dealer. | 06-07-2012 |
20120143740 | SYSTEMS AND METHODS FOR TRADING INFORMED TRADING METRIC-BASED DERIVATIVE CONTRACTS - A system and related method for hedging risks associated with a market level of informed trading are disclosed. The system includes a network interface for receiving a data feed that includes informed trading metric data. The system also has a server for electronically publishing the informed trading metric data. A second network interface receives requests to purchase informed trading metric-based derivative contracts at a first price and offers to sell informed trading metric-based derivative contracts at a second price. A matching server matches the received requests with the received offers. A settlement processor settles the derivative contracts based on informed trading metric data received by the network interface. | 06-07-2012 |
20120143741 | SYSTEMS AND METHODS FOR CONTROLLING ELECTRONIC EXCHANGE BEHAVIOR BASED ON AN INFORMED TRADING METRIC - A computerized exchange system and a method of operating a computerized exchange system are disclosed. The exchange system variably favors execution of buy trades or sell trades based on the value of an informed trading metric, thereby attempting to forestall predatory increases in order toxicity. The system includes a first network interface for receiving a plurality of securities trades, including a plurality of buy transactions and a plurality of sale transactions. A matching processor matches the securities trades to market makers. The matching processor is configured to obtain a value of the informed trading metric and to determine a buy transaction bias or a sell transaction bias based on the value of the informed trading metric. The matching processor then matches trades to market makers favoring buy transactions or sell transactions based on the determined bias. A settlement processor then settles the matched trades. | 06-07-2012 |
20120143742 | ALTERNATIVE TRADING SCORECARD APPARATUSES, METHODS, AND SYSTEMS - A processor-implemented method for transforming transaction data and market feed data into trade metrics. The method includes executing a transaction for a financial instrument on a trading network using a server having a processor and interfacing with a database, receiving market data, regarding the financial instrument from a public exchange data source, determining a mark price for the financial instrument, calculating a trade metric for the executed transaction using an executed price for the transaction and the mark price, and storing the trade metric in the database. Trade metric data for a client may then be aggregated and used to categorize the client into one of a plurality of trading pools and to limit access to certain trading pools based on the categorization of the client. | 06-07-2012 |
20120143743 | SYSTEMS AND METHODS FOR IMPLEMENTING POST-MATCHING TRADING - Systems and methods for implementing post-matching trading are provided. A financial instrument transaction system may include a database configured to store financial instrument information for reference entities; a memory for storing execution instructions; and a processor. The processor may execute the instructions. The processor may initiate a trading session for a predetermined duration. Prior to and during the trading session, the processor may receive from a plurality of trader clients trading instructions associated with the reference entity. The instructions may include either a buy or sell position and a price. At the end of the trading session, the processor may determine, based on predefined criteria, whether the trading session qualifies for a post-matching session. If the trading session qualifies for a post-matching session, the processor may provide a graphical user interface to a selected group of traders for trading in the post-matching session. | 06-07-2012 |
20120143744 | SYSTEM, METHOD, AND COMPUTER PROGRAM PRODUCT FOR MANAGING SECURITIES FUNDED BY A MUNICIPAL ARBITRAGE PORTFOLIO (MAP) - A system, method, and computer program product for managing securities funded by a municipal arbitrage portfolio (MAP) are set forth herein. A computer receives a daily valuation of a portfolio of securities from an administrator of a special purpose trust (SPT) the portfolio having been issued by the SPT. The portfolio being funded in part by equity from the MAP fund, the MAP fund being an entity subject to securities regulation oversight, the assets of the MAP fund being managed by a fund manager, and the portfolio provides a first series of payments to the MAP fund, the MAP fund having entered into a security agreement with a liquidity provider (LP). A computer verifies the daily valuation of the portfolio. A computer calculates a daily ending net asset value (NAV) of the MAP fund, where the MAP fund holdings include at least the portfolio. | 06-07-2012 |
20120143745 | Method and Apparatus for Processing and Routing Transactions - Option orders are processed by receiving an option order, the option order including information identifying a customer, and information identifying a desired option. One of a plurality of option exchanges is selected to complete the option order, the selecting based on information identifying the customer and the desired option. In some embodiments, a routing rule is selected based on the information identifying a customer. | 06-07-2012 |
20120143746 | METHOD AND SYSTEM FOR PRICING AND ALLOCATING SECURITIES - A method and system for pricing and allocating identified securities of a company on a registered securities exchange, as opposed to an off-market offer. A host computer system receives bid data indicative of one or more bids for the identified securities from one or more eligible investors. Novel methods and algorithms are applied in a determination of at least one price of the identified securities and an allocation of the identified securities to the one or more eligible investors. | 06-07-2012 |
20120150711 | LINKED SHORT ORDER AND SECURITIES LOAN OR LOCATE - A stock loan system receives a sell short order for a financial instrument such as a stock, and determines whether it can provide a locate for the sell short order. If so, then the stock loan system sends sell short order and the locate to a marketplace for execution. In some cases, the sell short order is required to have a stock loan, not merely a locate, to be eligible for execution, and the stock loan system provides the loan, then sends the sell short order with notice of the loan to a marketplace for execution. In some embodiments, an order execution marketplace receives a sell short order for a financial instrument, and, if it can provide a locate, the marketplace provides the locate and executes the sell short order. In some cases, the sell short order is required to have a stock loan, not merely a locate, to be eligible for execution, and the marketplace obtains a stock loan from a stock loan system then executes the sell short order. | 06-14-2012 |
20120150712 | Model-Based Selection of Trade Execution Strategies - Effective selection of trade execution strategies using a multi-dimensional model is disclosed. A relationship exists between order difficulty and execution strategy. Execution strategy depends on order difficulty, and order difficulty has many dimensions. The multi-dimensional model classifies trade orders according to the dimensions, and then maps these classified trade orders into suitable execution strategies. For each trade order, one or more appropriate strategies are automatically selected and presented to the trader to assist the trader in making an informed and timely decision. | 06-14-2012 |
20120150713 | TRADE IMPLEMENTATION AND ANALYTICS SYSTEM - Systems and methods for normalizing the control parameters associated with trading algorithms, providing analytic data to traders in discrete time intervals to assist in the analysis of trading performance, and providing crossing opportunities to orders that have been committed to a trading algorithm but have not yet been executed, are provided. A dashboard to allow a trading professional more effective use of multiple algorithms can be created. Parameters associated with multiple algorithms can be normalized and tuned rapidly from a single user interface. Trading performance can be reviewed in discrete time intervals and execution venues. Traders can review a performance score for a trading algorithm and select an algorithm based in part on their commission budget. Block trading opportunities can be available with a crossing engine or external ATS. | 06-14-2012 |
20120150714 | System for Trading Illiquid Assets by Liquidity Provisioning and Bid Value Swap (Financial Conductivity). - Systems and methods that use provisions or infusions of liquid assets to facilitate multiparty trades wherein the provisioned liquid assets are sometimes infused into the host illiquid assets to create new semi-liquid or infused assets. | 06-14-2012 |
20120150715 | Cross Margining of Tri-Party Repo Transactions - A computer implemented method for determining a margin requirement for a market participant includes maintaining, by a processor associated with an exchange, an exchange account reflecting an exchange position resulting from a trade executed on the exchange for a product available via the exchange, the exchange account being maintained separately from a custodian bank account associated with a custodian bank, the custodian bank account reflecting a repo position resulting from a repo transaction facilitated by the custodian bank between the market participant and a counterparty to the repo transaction. The method further includes receiving data reflective of the repo position via a communication interface between the exchange account and the custodian bank account, and determining the margin requirement for the market participant based on the received data and the exchange position. | 06-14-2012 |
20120150716 | VIRTUAL TRADING MARKET PROVISION SYSTEM AND METHOD USING SYNTHESIS OF INSTRUMENTS - Disclosed herein is a trading market provision system and method using synthesis of instruments. The trading market provision system includes a synthesis unit for forming a synthetic group composed of individual items, each having a minimum quantity. A synthetic price calculation unit forms a synthetic price for the synthetic group formed by the synthesis unit. A display unit displays the change in the synthetic price calculated by the synthetic price calculation unit. | 06-14-2012 |
20120150717 | SYSTEM, METHOD AND PROGRAM FOR PREVENTING GAMING IN A TRADING SYSTEM - System, method, and program for preventing gaming in a trading system. The systems, methods and programs can receive an order from a trader to trade securities in an alternative trading system, determine if gaming is occurring, set a price collar for the order, and submit the order to the alternative trading system with the price collar. | 06-14-2012 |
20120150718 | Method and System for Displaying a Cursor on a Trading Screen - A method, system, and computer program products are provided for updating the location of a cursor in a display window on a trading screen when certain events occurs. In a preferred embodiment, as market conditions change, the market information may be rearranged on a screen. To reduce the chances of missing a market opportunity by sending orders or managing them, the cursor moves in association with the market information such that the cursor appears fixed to the market information until a user moves the pointer device. | 06-14-2012 |
20120150719 | System, Method, And Program Product For Foreign Currency Travel Account - Systems, program product, and methods for securing or procuring destination currency funds for a traveler to be used for travel in a destination country commencing at a scheduled future travel date, are provided. A system can include a domestic financial institution server including foreign destination currency transaction account program product. The system provides for establishing an interest-bearing foreign destination currency transaction account having a user-selected maturity date coinciding with a preselected travel date, and near, but prior to the preselected travel date, providing to the traveler a travel debit card having access to the balance of foreign destination currency funds including both principal and accrued interest. | 06-14-2012 |
20120158567 | HYBRID TRADING SYSTEM FOR CONCURRENTLY TRADING THROUGH BOTH ELECTRONIC AND OPEN-OUTCRY TRADING MECHANISMS - A system and method of allocating orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes permitting multiple quotes to be disseminated to the market, and providing market making rights of varying degrees to entities having a physical presence on the floor of the exchange and entities remotely located away from the trading floor. The system includes a trade engine configured for receiving orders from market makers on and away from the trading floor. The system also includes executable instructions for allocating to designated primary market makers a portion of an incoming order remaining after first trading against public customer orders. | 06-21-2012 |
20120158568 | SYSTEMS AND METHODS FOR FACILITATING ELECTRONIC SECURITIES TRANSACTIONS - A method for facilitating securities transactions is shown. In one embodiment, the method provides for pricing shares of stock traded between anonymous parties without requiring pricing negotiations between parties. The method can include matching, via an electronic trading system, a first party and a second party in response to receiving contra binding orders for a security from the parties, transmitting, to each of the parties, an indication of the matching, receiving, via an electronic trading system, a first trade confirmation from the first party, determining, for the security, a midpoint of a price spread at the time the first trade confirmation was entered, receiving, via the electronic trading system, a second trade confirmation for the security from the second party, and executing, via the electronic trading system, a transaction for the security between the first and second parties, wherein the security price is determined in response to the determined midpoint. | 06-21-2012 |
20120158569 | Implied Market Trading System - A computer based trading system implies spread markets from multiple real or implied spread markets. In particular, one aspect of the invention permits implication of a spread market from a combination of inter-commodity and inter-calendar spread orders. Furthermore, another aspect of the invention allows use of nontradeable implied or bridge markets to combine with other implied or real markets to create further tradeable implied markets. The method described herein thereby permits the creation of all implied markets that are inherent in the combination of futures, calendar spread and inter-commodity spread real orders. | 06-21-2012 |
20120158570 | System, Method, And Program Product For Foreign Currency Travel Account - Systems, program product, and methods for securing or procuring destination currency funds for a traveler to be used for travel in a destination country commencing at a scheduled future travel date, are provided. A system can include a domestic financial institution server including foreign destination currency transaction account program product. The system provides for establishing an interest-bearing foreign destination currency transaction account having a user-selected maturity date coinciding with a preselected travel date, and near, but prior to the preselected travel date, providing to the traveler a travel debit card having access to the balance of foreign destination currency funds including both principal and accrued interest. | 06-21-2012 |
20120158571 | METHOD AND SYSTEM FOR THE INTEGRATION OF FIXED INCOME FINANCIAL INSTRUMENTS - An electronic trading platform for cash and cash futures (options) is provided in which the cash and cash futures (options) markets are combined together in a single platform. The cash and cash futures (options) markets can be traded on the same screen. The electronic trading platform also brings the cash futures (options) in line with the cash markets. In another aspect, the electronic trading platform for cash and cash futures (options) enables the automatic matching of bids and offers. In another aspect, an OTC cash future (option) can be provided. | 06-21-2012 |
20120166326 | METHOD AND SYSTEM FOR REBALANCING INVESTMENT VEHICLES - A computer-implemented method is provided for rebalancing an exchange-traded fund. The method is performed by a computer, and includes setting a daily target return for the exchange-traded fund based on a target base index. The method also includes monitoring an actual return of the exchange-traded fund over a time period. The method also includes setting a performance band for rebalancing the exchange-traded fund. The performance band is set based on the daily target return and a volatility of the target base index. The method further includes generating signals to rebalance the exchange-traded fund based on the performance band and the actual return. | 06-28-2012 |
20120166327 | DATA CAPTURE AND REAL TIME RISK CONTROLS FOR ELECTRONIC MARKETS - A distributed, transparent, in-line risk management and traffic capture system that solves securities trading compliance problems. A transparent cut-through sniffer device is coupled with a real-time packet processor to police traffic flows between trading clients | 06-28-2012 |
20120166328 | SYSTEM AND METHOD FOR MANAGING RETURN OF COLLATERAL IN A SECURED TRANSACTION - In various embodiments, a system and method manages custody and mitigates counterparty credit risk exposure associated with a trade of a financial instrument. A custodian computer system receives an initial margin payment from a pledgor and electronically posts initial margin or collateral payment in a custody account record maintained in the database. A control agreement between the pledgor and a secured party includes agreement details stored in the database. The dual-custody control agreement gives control of the custody account to the pledgor if the secured party defaults on trade obligations, and gives control of the custody account to the secured party if the pledgor defaults on trade obligations based upon default rules. In the event of default, a waiting period is imposed in accordance with the control agreement before the margin payment/collateral is returned to the non-defaulting party and reports are provided to parties involved with the financial transaction. | 06-28-2012 |
20120166329 | SYSTEM AND METHOD FOR CREATING A MARKET MAP IN AN ELECTRONIC TRADING ENVIRONMENT - A market map interface displays market information and trader-related information associated with at least two tradable objects. In one embodiment, the at least two graphical interfaces may be linked, and a user may define one or more adjustment parameters to be used to adjust the view of information being displayed via the linked graphical interfaces. For instance, a user may initiate repositioning of one of the linked graphical interfaces, thus, effectively, causing other linked graphical interfaces to be repositioned according to the defined adjustment parameters. | 06-28-2012 |
20120166330 | SYSTEM AND METHOD FOR PERFORMING AUTOMATIC SPREAD TRADING - The present embodiments are provided to facilitate the automatic trading of spreads in a fast and accurate manner. One or more market data feeds that contain market information for tradeable objects are received at an exchange. A spread data feed is generated in response to the market data feeds and from one or more spread setting parameters, which can be entered by a user. The spread data feed is preferably displayed in a spread window as bid and ask quantities associated with an axis or scale of prices. The user can enter orders in the spread window and the legs will be automatically worked to achieve, or attempt to achieve, the spread. In addition, other tools disclosed herein may be utilized to assist the user in making such trades. | 06-28-2012 |
20120173402 | STORED VALUE EXCHANGE METHOD AND APPARATUS - An apparatus and method for exchanging one form of stored value for another form of value. In one embodiment, a method for exchanging stored value for an alternative form of value comprises receiving registration information from a remote entity, the registration information comprising attributes, such as a desired value provider and remote entity contact information. The registration information is stored in a storage device. Stored value account information is received from a second entity, the stored value account information comprising attributes relating to a stored value owned by the second entity. A processor then determines whether at least some of the attributes of the stored value account information matches at least some of the attributes of the registration information. If a match is found, a notification alert is generated and transmitted to the remote entity. | 07-05-2012 |
20120173403 | Systems and Methods For Trading of Privately Held Securities - A system and method are provided for a fully integrated, web-based, electronic trading platform for the primary issuance of private placement securities to pre-qualified and approved accredited investors and qualified institutional buyers. Further a transferable private securities system is provided that supports the secondary sale of securities, including equity shares in venture-backed companies. Embodiments also provide for an auto-execution method for electronic signing of documents required of buyers and sellers of privately held securities and methods for decoupling preference rights from common stock for privately held securities. | 07-05-2012 |
20120173404 | METHODS, SYSTEMS, AND COMPUTER READABLE MEDIA FOR FACILITATING THE EXCHANGE OF RECIPROCAL DEPOSITS - A control center receives, from the first bank, a first request with a first set of requirements for placement of reciprocal deposits. A second request with a second set of requirements is received from a second bank. The control center determines whether the first set of requirements matches the second set of requirements, which include maturity and interest rate. In response to a match, the control center performs an exchange of on-balance sheet deposits meeting the first set of requirements from the first bank to off-balance sheet deposits to the second bank. The first bank receives reciprocal deposits meeting the second set of requirements as new on-balance sheet deposits. | 07-05-2012 |
20120173405 | SYSTEM AND METHOD FOR A TRADING INTERFACE INCORPORATING A CHART - A graphical interface and method are provided for displaying market information corresponding to a tradable object. One graphical interface includes a chart region for displaying historical market data in relation to a first value axis, and a market grid region in alignment with the chart region. The market grid region comprises a plurality of areas for receiving commands from a user input device to send trade orders, and the areas are displayed in relation to a second value axis. A plurality of values displayed along the second value axis is a subset of values displayed in relation to the first value axis, and can be modified to a new plurality of values that corresponds to a new subset of values on the first value axis. | 07-05-2012 |
20120179592 | FINANCIAL TRADING SYSTEM AND METHOD FOR ENTERING MAXIMUM SIZED ORDERS - A buying power limited financial products order entry system includes or more databases including data identifying currently implemented buying power limits, currently held positions and currently open orders. The system further includes an input command component adapted to receive a command to calculate a maximum order size for a selected financial product based, at least in part, on the currently implemented buying power limits, currently held positions and currently open orders. A method of calculating a maximum order size in a buying power limited financial products order entry system includes the steps of: providing an input command component adapted to receive a command to calculate a maximum order size for a selected financial product; and in response to the command being triggered, calculating a maximum order size for the selected financial product based, at least in part, on currently implemented buying power limits, current open orders and any currently held positions. | 07-12-2012 |
20120179593 | FINANCIAL TRADING SYSTEM AND METHOD FOR RESOLVING ORDER CONFLICTS - A buying power limited financial products order entry system includes an order resolution component configured to apply one or more automatic resolution actions when there exists at least one order that, if executed, would result in a condition in which a presently implemented buying power limit is exceeded. A method of resolving order size conflicts in a buying power limited financial products order entry system, the method includes the steps of: applying one or more automatic resolution actions when there exists at least one order that, if executed, would result in a condition in which a presently implemented buying power limit is exceeded. | 07-12-2012 |
20120179594 | CREDIT ALLOCATION IN AN OPEN ORDER MANAGER - The technology described in this application allows a system to manage entities/users and associated Financial Articles of Trade (“FAT”) with different trading systems, institutions and entities. In particular, an Open Order Manager (“OOM”) manages a plurality of users in a user group, and preferably in real-time, monitors FAT transactions initiated and executed by the users. The OOM enables allocation and dynamic reallocation of the FAT amounts between and among “nodes” (e.g., a financial system or financial institution) which can include any subcomponent arrangement that has internal permission privileges which are not shared among other nodes but all of which are under control or ownership of a common party in interest. | 07-12-2012 |
20120179595 | Regulating Order Entry in an Electronic Trading Environment to Maintain an Actual Cost for a Trading Strategy - Techniques for regulating order entry based on an acceptable slop range for a trading strategy are described. According to one example embodiment, a trader may define an acceptable slop range for a trading strategy as a percentage. Using a spread trading algorithm, a spread price axis is generated and the trader may place an order for the trading strategy at a desired price, comprising placing an order in one leg market dependent on the market conditions of another leg market. Using the acceptable slop range, the system keep the net cost to the trader within the acceptable slop range, by regulating orders in the leg markets. Defining an acceptable slop range as a percentage allows the trader to monitor and regulate their profits and loss, regardless of the type of spread trading algorithm used or the placement of an order on the spread price axis. | 07-12-2012 |
20120179596 | POWER RESERVE MARGIN TRADING SYSTEM AND POWER RESERVE MARGIN TRADING METHOD - A power reserve margin trading system according to one embodiment includes a reserve margin trading unit, a determination unit, and a trading consideration distribution unit. The reserve margin trading unit acquires a power reducible amount of a customer, trades the reducible amount as a reserve margin for demand adjustment, and acquires a consideration. The determination unit determines a rank of each customer by giving a higher rank to a customer having a smaller difference between a predicted power demand amount and a power consumption amount. The trading consideration distribution unit distributes a consideration to customers so that a portion of the consideration to be distributed varies depending on whether or not the power reduction request is transmitted. | 07-12-2012 |
20120179597 | SYSTEMS, METHODS AND COMPUTER PROGRAM PRODUCTS FOR ADAPTIVE TRANSACTION COST ESTIMATION - A system, method and computer program product are provided for forecasting the transaction costs of a trade using empirical data and user-defined modeling constraints based on real-time data regarding changes in market conditions. In preferred embodiments, the invention acts as a forecaster whereby it accepts inputs from customers and identifies real-time market analytics, and provides dynamically adjusted ex ante cost estimates and metrics for the prevailing market conditions. Specific cost estimation and optimization algorithms can be provided to model transaction costs of a specific trade based on empirical data and real-time variables. | 07-12-2012 |
20120185371 | SYSTEM AND METHOD FOR PROCESSING COMPOSITE TRADING ORDERS AT A CLIENT - An apparatus for processing a composite trading order comprises an interface operable to display a composite value representing a weighted quantity of a plurality of trading products. The apparatus further comprises a processor operable to receive at least one input representing a composite trading order, wherein the at least one input comprises a quantity that is equal to at least a portion of the weighted quantity. The at least one input is usable to generate one or more constituent trading orders that, when filled, combine to satisfy the composite trading order. | 07-19-2012 |
20120185372 | EXCHANGE TRADED ASSET BASED SECURITY - Aspects of this invention provide a security and an index that may be based on any asset or derivative asset or a combination of these including but not limited to a commodity, a debt issuance, a currency, an equity or a basket or an index of any of these that has a forward (or term) price structure, a forward contract market, an expiration date and can be rolled forward. The security is designed to meet the specific needs of investors and offer unique risk/return characteristics. The exchange traded, structured investment security is based on an asset and is linked through its entitlement to the value or performance of the asset as measured by an index. The asset has a forward price structure, a forward market, an expiration date and is able to be rolled forward into another asset with a later expiry date. | 07-19-2012 |
20120185373 | REGISTRY OF U3 IDENTIFIERS - An identifier for an entity is generated by receiving, at a participant computer, a prefix from a regulatory entity; receiving, at the participant computer, a suffix from a market participant; and appending, by the participant computer, the prefix to the suffix to generate the identifier. The identifier may be sent from the participant computer to a name server computer that is part of a publicly accessible network of computers | 07-19-2012 |
20120185374 | SYSTEM AND METHOD FOR DYNAMICALLY REGULATING ORDER ENTRY IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for trading a trading strategy defined for at least one tradeable object in an electronic trading environment. More specifically, one example method includes using a first pay-up tick value to determine a first acceptable price level for an order associated with the trading strategy, automatically modifying the first pay-up tick to a second pay-up tick value in response to detecting a predefined condition, and using the second pay-up tick value to determine a second acceptable price level for the order associated with the trading strategy. | 07-19-2012 |
20120185375 | ONLINE MORTGAGE APPROVAL AND SETTLEMENT SYSTEM AND METHOD THEREFOR - A method for automatically fulfilling lending conditions includes the steps of maintaining a database of a plurality of registered service providers, receiving a loan application having one or more conditions to be fulfilled for the loan application to be approved, evaluating the one or more conditions to determine one or more actions to be taken towards fulfilling the one or more conditions, and automatically executing at least one action of the one or more actions to be taken towards fulfilling at least one of the one or more conditions, wherein the at least one action includes automatically requesting information for fulfilling the at least one condition from a registered service provider of the plurality of registered service providers. | 07-19-2012 |
20120185376 | System and Method for Automated Order Entry on Short Queues - Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein. | 07-19-2012 |
20120191587 | Data Feed Without Quantities - The present embodiments relate to an improved data feed. In an embodiment, an electronic exchange, when generating a data feed, in particular a price data feed, purposefully chooses to include the inside market and/or last traded price but purposefully leaves out the market depth. The market depth may be omitted to provide an optimal marketplace. | 07-26-2012 |
20120191588 | Block Placing Tool for Building a User-Defined Algorithm for Electronic Trading - Certain embodiments provide a block placing tool for building a user-defined algorithm for electronic trading. Certain embodiments provide for receiving by a block placing tool a selection of one or more blocks. Certain embodiments provide for receiving by a block placing tool a mapping definition including a mapping between block types and/or attributes. Certain embodiments provide for placing blocks based on a selection of blocks and a mapping definition. | 07-26-2012 |
20120191589 | DYNAMIC AGGRESSIVE/PASSIVE PEGGED TRADING - A computer-implemented system and method for executing trades of financial securities according to a combination passive/aggressive trading strategy that reliably executes trades of lists of securities or blocks of a single security within a desired time frame while taking advantage of dynamic market movement to realize price improvement for the trade within the desired time frame. A passive trading agent executes trades at advantageous prices by floating portions of the order at the bid or ask to maximize exposure to the inside market and attract market orders. An aggressive agent opportunistically takes liquidity as it arises, setting discretionary prices in accordance with historical trading data of the specified security. | 07-26-2012 |
20120191590 | SIMPLIFIED QUOTE SHARING CALCULATION - Presented is a method for calculating and distributing quoting share revenue to exchange members that contribute quote data to market data feeds. First, the method reads in trading data chronologically for a particular day. Using an object oriented framework, the method divides the symbols and orders into groups of objects to facilitate the tracking of the total price, quantity, and seconds displayed for each symbol. The timestamp of each message is read and the seconds field is parsed ignoring fractional seconds. Credits are awarded for each second the quote is displayed at the National Best Bid/Offer (“NBBO”) by multiplying the price, quantity, and elapsed whole seconds. These quote credits are stored by the system for each member and symbol. Members are eligible to earn quote credits on either the bid or the offer or both at the same time. | 07-26-2012 |
20120191591 | EXCHANGE ORDER PRIORITY RETENTION FOR ELECTRONIC TRADING USING AUTOMATIC BOOK UPDATES - The present invention involves providing a computer based platform for allowing a user to establish a target trading book; evaluating the user's unmatched exchange trades to determine an actual trading book at a point in time; determining a differential between the target trading book and the actual trading book; and identifying at least one exchange trade action to transition from the actual trading book to the target trading book, wherein the exchange trade action is based on preserving at least one unmatched order with the oldest possible entry time stamp. | 07-26-2012 |
20120191592 | INCENTIVE STRUCTURE FOR CENTRALIZED TRADING MARKET - An automated marketplace is separated into tiers, with behavioral requirements for each tier. Tier eligibility is a “structural incentive” for market participants to exhibit desirable behavior and eschew undesirable behavior. Tiered eligibility also reflects the natural imbalance of liquidity in the market and the need to preserve the identity of a class of liquidity providers, which further leads to a structure that can preserve the integrity of person-to-person trading relationships even in an automated environment. Within each tier, participant behavior leads to a ranking for that participant. When specific events occur, these events are allocated based on participant ranking. Participant ranking is an “activity incentive” that influences the behavior of market participants. Certain events are defined as desirable or undesirable, and when performed by a market participant, lead to positive incentives or negative incentives, of structural and/or monetary type. | 07-26-2012 |
20120197774 | Systems, Methods, and Media for Generating and Sending Indications of Interest in Trading Systems - Systems, methods, and media for generating and sending indications of interest in trading systems are provided. In some embodiments, systems for generating and sending indications of interest in trading systems are provided, the systems comprising: at least one hardware processor that: determines whether an order is blocked from inclusion in an indication of interest; determines whether the order is marketable; generates the indication of interest so that it includes at least a portion of the order when the order is determined to not be blocked and the order is marketable; determines whether the indication of interest is blocked from being sent to a destination; and sends the indication of interest to the destination when the indication of interest is determined to not be blocked from being sent to the destination. | 08-02-2012 |
20120197775 | Computer-based virtual personal economies implemented over public and private networks and methods for configuration, use and pooling of same - The present invention allows for an entity to offer assets of various types that are independent of currency and banking institution policy for investment and securitization and securely over public (WAN), semi-public (e.g. AOL) and private network or subscription network. Assets are verified through unique identification systems which provide for security even though the entity may remain anonymous and also provides for a networked portable transaction system with the identified assets. The invention allows asset holders, individually or pooled, capable of becoming their own “IPO.” | 08-02-2012 |
20120197776 | Trade Matching Platform with Variable Pricing Based on Clearing Relationships - The disclosure describes a regulated trading platform capable of communicating with a plurality of clearing houses. In particular, aspects of the disclosure relate to providing and/or calculating differentiated prices for the same or underlying financial product/instrument capable of being cleared at different clearing houses. The trading platform may allow anonymous counterparties in a multi-clearinghouse environment, and with full transparency and improved liquidity. The trading platform may also allow for non-anonymous counterparties in some situations. | 08-02-2012 |
20120197777 | Online System and Method for Issuing Collateralized Securities - A computer-implemented method for conducting a registered public offering of collateralized securities includes storing offering information in a database. The offering information is associated with a public offering of a collateralized debt security offered for sale by the issuer of the debt security. The offering information includes payment terms of a loan and a description of collateral for securing the loan, as well as the number of units of the security to be sold in the initial offering. The website is used to receive from a retail investor an offer for the purchase of the debt security directly from the issuer. The purchase price for the retail investor can be as small as $100. | 08-02-2012 |
20120197778 | CONTROLLING AN ORDER SLICER FOR TRADING A FINANCIAL INSTRUMENT - In one aspect, the present invention provides an order slicer that receives an order that to trade a financial instrument. The order associates a trading strategy with said order. The trading strategy is replaceable. In another aspect, an interface accepts a trading strategy of an order to trade a financial instrument. A transmitter transmits the trading strategy to an order slicer. | 08-02-2012 |
20120197779 | Trade Matching Platform with Variable Pricing Based on Clearing Relationships - The disclosure describes a regulated trading platform capable of communicating with a plurality of clearing houses. In particular, aspects of the disclosure relate to submitting enhanced request for quotes (RFQs) to request quote data with differentiated prices quotes for the same or underlying financial product/instrument based on the different clearing houses at which it may be cleared. The trading platform may allow anonymous counterparties in a multi-clearinghouse environment, and with full transparency and improved liquidity. The trading platform may also allow for non-anonymous counterparties in some situations. | 08-02-2012 |
20120197780 | System and Method for Smart Hedging in an Electronic Trading Environment - A system and associated methods are provided for smart hedging in an electronic trading environment. According to one example method, a first order for a first tradeable object and a second order for a second tradeable object are placed based on a spread strategy. Upon receiving an indication that a quantity of the first order is filled, the method involves determining if the second order can be used to offset the quantity filled of the first order by determining if a price of the second order would result in achieving a desired spread price defined for the spread strategy. If the price results in the desired price, the second order is used to offset the quantity filled for the first order in an attempt to achieve the desired spread price. Other tools are provided as well. | 08-02-2012 |
20120203681 | SYSTEMS AND METHODS FOR PROVIDING GIFT CERTIFICATES OF STOCK - A system and method for gift certificates of securities, other financial instruments, commodities, or other assets are disclosed. In the case of stock, a purchaser enters gift certificate parameters including company name and denomination, as well as payment information. These parameters, together with the market price of the stock, determine the number of shares (which may be a non-integer number) that are being gifted. A provider generates an identifier, part or all of which may be incorporated into a physical or electronic gift certificate for delivery to a recipient who may claim the stock. A database maintains records of the gift certificates that have been purchased and claimed. | 08-09-2012 |
20120203682 | FINANCIAL DATA PROCESSING SYSTEM - To process financial articles of trade and manage risk, data messages originating from a plurality of sources arranged to trade at least one of securities, commodities, options, futures and derivatives are collected. The collected data including information on submitted transactions and completed transactions of financial articles of trade. The collected data is analyzed against established user criteria to identify select portions of the collected data. If a match is detected a risk alert signal will be transmitted. | 08-09-2012 |
20120203683 | System and Method for Analyzing and Displaying Security Trade Transactions - A system and methods for processing and charting security exchange trading and market information shows security traders if current transactions originated as buy orders or sell orders, and simultaneously indicates traded quantity. Security exchange trading information is received that includes the price, volume and time of each trade. In addition, security exchange market information is received from buyers, specifying bide prices and quantities, and from sellers, specifying asking prices and quantities. The security exchange trading and market information is processed simultaneously and displayed as a continuously updated real-time chart depicting the exchange auction process whereby buyers and sellers agree to trade at specified prices, including details of individual transactions. The chart is formed by plotting each trade at the price traded, and for each plot point shows a distinctive icon indication whether the transaction was initiated by a buyer or seller. | 08-09-2012 |
20120203684 | SYSTEMS AND METHODS OR BID/OFFER SPREAD TRADING - A bid/offer spread market is presented that allows a trader to increase liquidity in traded items. A bid/offer spread market maker may make a bid/offer spread market. This bid/offer spread market may be made available to any market participant. In response to the spread market, an aggressor may respond to a bid or an offer with a hit or a take, respectively. In response to the hit or the take, the aggressor or bid/offer spread market maker, respectively, may create a separate underlying market using the selected (bid or offer) spread within a specified amount of time. The other party, a bid/offer spread trader, may trade on the quoted price within a specified amount of time, at which point a trade has occurred. | 08-09-2012 |
20120203685 | System and Method for Dynamically Changing an Electronic Trade Order Quantity - A system and methods for dynamically changing a trade order quantity in an electronic trading environment are described herein. According to one example embodiment, an automated trading tool determines if a leaned on quantity of a trading strategy has increased or decreased and if so, dynamically changing a desired order quantity to reflect the change in the leaned on quantity. Dynamically changing an order quantity may be more profitable for a trader as order queue position may be maintained and portion of the desired order quantity may get filled; rather than a trader losing their order queue position and/or taking a chance of not getting any of their order quantity filled. | 08-09-2012 |
20120203686 | SYSTEM AND METHOD FOR MANAGING RISK ASSOCIATED WITH PRODUCT TRANSACTIONS - A method of managing trading orders is provided. The method includes receiving a request to place a first order to trade a first product, the request being made using an account having one or more current balances. The method further includes determining a risk value for the first order based at least in part on the first product. The method further includes determining whether to approve the first order based at least in part on the risk value determined for the first order and one or more of the current balances for the account, and if the first order is approved, placing the first order. | 08-09-2012 |
20120203687 | SYSTEM AND METHOD FOR PROVIDING MARKET UPDATES IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for modifying how market updates are provided in an electronic trading environment upon detecting one or more triggering events. One example method includes defining an event to be used to trigger modification of how market updates are provided to a client entity, receiving a market update from an electronic exchange, and, when the event is detected, modifying how the market update is provided to the client entity. As an example, the modification of how the market update is provided to the client entity may include providing less data in relation to market updates, and sending the market updates less frequently. | 08-09-2012 |
20120209756 | METHOD AND SYSTEM FOR PROVIDING A DECISION SUPPORT FRAMEWORK RELATING TO FINANCIAL TRADES - The system and method described herein includes techniques for making trading decisions based on one or more predictions, outcomes, market data and optimization algorithms. More specifically, the system and method described herein allow users to provide a variety of inputs for consideration by a variety of optimization techniques. The system and methods are flexible with respect to the type of input received and the types of output desired. | 08-16-2012 |
20120209757 | System and Method for Providing Futures Contracts in a Financial Market Environment - A method for offering an asset in a financial environment is provided that includes receiving a request to perform a selected one of a purchasing and a selling operation for a futures contract. The futures contract includes a first asset class having a first value associated therewith and a second asset class having a second value associated therewith. A price for the futures contract is determined at least partially by the first and second values. | 08-16-2012 |
20120209758 | Routing of Orders in Equity Options by Means of a Parameterized Rules-Based Routing Table - An enhanced system and method for the “smart” routing of orders in an electronic options environment is disclosed. The method of routing includes different rules and protocols for orders that are allowed to route using a traditional intermarket linkage than for orders that are allowed to route using an alternative private direct connection or third-party service provider. The system and method of routing has at its basis a configurable, rules-based routing table that allows orders to be routed using different protocols based on the account type of the incoming order. | 08-16-2012 |
20120209759 | Method and Interface for Consolidating Price Levels on a Trading Screen - A trading screen may display price and quantity information for price levels in a static axis of prices. The static axis of prices may be divided into two or more different regions. The price and quantity information for one or more of the regions may be consolidated from price and quantity information from plurality of un-consolidated price levels. | 08-16-2012 |
20120215672 | Apparatus and Method for Commodity Trading with Automatic Odd Lot Hedging - Apparatus and method for trading commodities with automatic hedging for odd lot offers. The apparatus automatically accepts odd lot offers on behalf of buyers and aggregates them with other odd lot offers of the same commodity symbol until there are enough bushels to reach a predetermined threshold, or “tipping point,” which causes the system to automatically calculate the optimum number of full lot futures contracts to sell at the market price in order to offset risk associated with accepting the odd lot offers, to automatically secure the optimum number of full lot futures contracts. The system reduces or eliminates situations where no transactions are executed due to the market's failure to reach a certain price, and reduces the buyers' exposure to slippage on accumulated odd lots. | 08-23-2012 |
20120215673 | ELECTRONIC TRADING SYSTEMS AND METHODS - Electronic trading systems and methods provide users with the opportunity to trade financial instruments such as equities, foreign exchange, bonds, and swaps. Swaps may be defined using specialized electronic swap term sheets. A user who proposes a swap may select other users and invite them to bid on the swap. The system may initiate an auction for a proposed swap. Bidding users may bid until the swap auction is complete. The swap may be confirmed, and swap terms downloaded to a user's risk management or back office software. | 08-23-2012 |
20120215674 | System and Method for Quick Quote Configuration - A method and system are described for providing a trader with the ability to quickly configure the quoting side of a trading tool, without experiencing the normal delays associated with conventional methods of quoting. In spread trading, an automated spread trading tool may automatically work an order to buy or sell a tradeable object. A user may configure the trading tool to work an order in a certain tradeable object first. The system allows the user to essentially on-the-fly configure the trading tool to work a second order in another tradeable object, and in response to the change, the system can take specific actions such as deleting the order in the first tradeable object and automatically entering the second order in the other tradeable object. This allows the trader to trade quickly and efficiently. | 08-23-2012 |
20120215675 | SYSTEM AND METHOD FOR PRICE-BASED ANNOTATIONS IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method for generating and displaying annotations in relation to one or more prices corresponding to trader-related or market related events are described. In one embodiment, a trader may enter an annotation to be displayed in relation to one or more price levels. Alternatively, a trader may configure a dynamic annotation to be dynamically displayed in relation to some price level(s) upon detecting a predetermined event related to one or more tradeable objects. Also, a trader may configure one or more alarms to be displayed or played in combination with the annotations. | 08-23-2012 |
20120215676 | PRODUCTS AND PROCESSES FOR ORDER DISTRIBUTION - Systems and methods for trading financial instruments through multiple trading intermediaries are described. | 08-23-2012 |
20120215677 | SYSTEM AND METHOD FOR ESTIMATING AND OPTIMIZING TRANSACTION COSTS - A method and system for forecasting the transaction cost of a portfolio trade execution that may be applied to any given trade strategy or an optimal trade strategy that minimizes transaction costs. In preferred embodiments, a server comprises one or more computers that act as an automated forecaster whereby it accepts user-defined input variables from customers and generates a transaction cost estimation report based on those variables. The server is programmed with specific transaction cost estimation and optimization algorithms that model the transaction costs of a specific trade execution based on the user's trading profile and market variables. | 08-23-2012 |
20120215678 | SYSTEM AND METHOD FOR PHYSICALS COMMODITY TRADING - A method and system for an electronic commodities trading marketplace along with ancillary tools provide an electronic trading center for world market commodity importers, exporters, and the intermediaries and processors between them. This trading center is offered through its website centered around a 24-hour exchange that provides trading markets for commodities such as coffee, sugar, cocoa and cotton. The scalable system provides aggregated third party services linked to both front and back office operations. These services can include items such as live futures quotes and real-time news, futures brokerage, banking and finance links and resources, and a suite of applications tailored to members' specific risk-management and end-to-end contract execution needs. The system also provides access to shipping related services such as freight brokerage, direct booking for liner transport, load and discharge supervision and laboratory testing. | 08-23-2012 |
20120215679 | Visual Representation and Configuration of Trading Strategies - A system and method are provided to visually represent and configure trading strategies used in electronic trading. The system and method may be used to visually represent, among other things, an acceptable range of prices for a trading strategy in relation to a graphical user interface. The acceptable range of prices may be input by a trader to limit when one or more orders are moved from one price to another. The acceptable range of prices can be displayed on a graphical user interface using visual indicators. Using the visual indicators, the acceptable range of prices can also be configured and modified by a trader based on the trader's preferences. Other features and advantages are described herein. | 08-23-2012 |
20120221453 | INTELLIGENT ORDER MATCHING PLATFORM FOR ANONYMOUSLY NEGOTIATING AND TRADING FINANCIAL INSTRUMENTS - This software enables a financial institution acting as a clearing agent to offer a liquidity pool where their clients can anonymously submit orders for a financial instrument. Many financial markets suffer from reduced liquidity, the causes for which include: 1) fragmentation across multiple markets, 2) fragmentation across a large instrument universe and 3) attempting to trade an illiquid instrument. The software has been developed to uniquely improve available liquidity using crossing algorithms that intelligently identify orders for similar instruments as relevant execution opportunities, and applies a quantitative scoring of their propensity to trade on which clients can anonymously negotiate and execute. As crossing algorithms are not constrained by the conventional restriction that orders must be for identical instruments, the system is able to increase liquidity by identifying execution opportunities that existing markets cannot, while employing an anonymous negotiation process that minimizes information leakage to mitigate disruption to market prices. | 08-30-2012 |
20120221454 | SYSTEMS AND METHODS FOR GENERATING MARKETPLACE BROKERAGE EXCHANGE OF EXCESS SUBSCRIBED RESOURCES USING DYNAMIC SUBSCRIPTION PERIODS - Embodiments relate to systems and methods for generating a marketplace brokerage exchange of excess subscribed resources using dynamic subscription periods. A set of aggregate usage history data can record consumption of processor, software, or other resources subscribed to by a set of users, in one cloud or across multiple clouds. An entitlement engine can analyze the usage history data to identify a subscription margin for the subscribed resources, reflecting collective under-consumption of resources by the set of users on a collective basis, over different and/or dynamically updated subscription periods. In aspects, the set of estimated resource contributions of different users can be aggregated over one or more dynamic resource contribution intervals to generated a bundled brokerage resource tender, in which the processor, operating system, and/or other resources of multiple users are combined to be offered to a cloud marketplace for one or more contribution interval. The bundled resource offer can be structured to contain at least a threshold amount of resources over a minimum or other defined contribution interval, after which resources are released back to the contributing users. | 08-30-2012 |
20120221455 | Complex Order Generation for Trading Financial Instruments Using Order Template Method - The present invention discloses a system for generating trading orders in a simple way and without the need of programming. The system comprises a user input module adapted to receive user input for an order strategy; a trigger generation module adapted to generate trigger signals and an order management module for generating trading orders based on the trigger signals and the user input. The user input module comprises a user interface using an order template provided in a table format to allow a user to input a trigger for generating the trading order. The system supports automatic mode and manual mode which are switchable by the user. | 08-30-2012 |
20120221456 | SYSTEM AND METHODS FOR FACILITATING OPTIONS AND/OR FUTURES - Some embodiments may include allowing users to define and/or trade in binary options and/or other financial instruments. Various methods and apparatus are described. | 08-30-2012 |
20120221457 | Computerized Method and System for Trading Credit Default Swap Combinations - A computerized trading system comprises a multi-instrument trading platform including a matching engine and a price feed. The matching engine trades credit default swaps as well as the reference instruments from which they are derived. A price feed generates a spot reference price for a leg of a CDS combination such as a roll or a tailor made switch. The price feed receives indicative pricing data from an external pricing source and uses this data to generate the spot reference price together with last trade data and best bid and best offer data for the reference instrument provided by the matching engine. | 08-30-2012 |
20120221458 | APPARATUSES, METHODS AND SYSTEMS FOR A LOCKED-IN TRADE FACILITATION ENGINE - The APPARATUSES, METHODS AND SYSTEMS FOR A LOCKED-IN TRADE FACILITATION ENGINE (“LITF ENGINE”) provides and facilitates delivery of open futures positions, upon or before expiry, into financial instruments, such as currency-denominated fixed income market positions. The LITF ENGINE facilitates cash trade transactions produced upon expiration of currency-denominated interest rate and fixed income futures contracts such as U.S. Treasury futures. In one embodiment, the LITF ENGINE provides a delivery process for U.S. Treasury futures, where contracts that remain open after the close of trading on the last trading day of the delivery month may be automatically submitted as locked-in trades in the underlying U.S. Treasury securities eligible for settlement on a delivery vs. payment (DVP) basis on the next business day. | 08-30-2012 |
20120221459 | System And Method For Regulating Order Entry In An Electronic Trading Environment - A system and method are provided for defining slop parameters to an individual spread order or a customized group of orders. The system and method may be used to, for example, define inside slop, outside slop, and/or adjustable range parameters to one or more orders. The inside slop, outside slop, and/or adjustable range parameters may be input by a trader, and, among other things, allow a trader to prioritize orders, set parameters so that some orders are re-priced more aggressively than other spread orders. Alternatively, slop parameters associated with a spread order may also apply more restrictive slop parameters to orders within the same adjustable range. Slop parameters associated with a spread order can also be configured and modified by a trader based on the trader's preferences. Other features and advantages are described herein. | 08-30-2012 |
20120221460 | METHOD AND SYSTEM FOR FACILITATING SECURED COMMERCIAL TRANSACTIONS THROUGH TRUSTED AGENTS - The present invention discloses a member-based trade management system for facilitating trade among consumers and producers by utilizing an agent service. The system comprises a network-based communications module for storing and providing profile information about consumers, producers, and third-party service providers; a member matching service module for presenting candidates for a transaction group; a member research service module for examining credentials of candidates for the transaction group; a transaction service module for tracking a transaction workflow; a financial service module for ensuring exchange of financial values between consumers and producers; a platform management service module for mediating disputes arising from activities related to the trade transaction; and one transaction service facilitation unit for allowing consumer and producer agents to access data in the trade platform, wherein the customer and producer agents, located in close proximity of the customers and producers, to facilitate the completion of the trade transaction. | 08-30-2012 |
20120221461 | SYSTEM AND METHOD FOR IMPLEMENTING PUSH TECHNOLOGY IN A WIRELESS FINANCIAL TRANSACTION - A method for executing a trade is provided that includes communicating financial information to a handheld device via a network, the financial information being associated with a trade that can be initiated by the handheld device. The handheld device is connected to the network via a Push to Trade™ protocol. The method also includes executing the trade on behalf of the end user. | 08-30-2012 |
20120221462 | METHOD AND SYSTEM FOR TRADING - An instrument is traded in an automated exchange system. A first order for the instrument on a first side of a market and a second order for the instrument on a second side of the market are received. The first and second orders are evaluated regarding the possibility for a match between the first and the second orders. If such a match is possible, a preliminary trade is created using the first and the second orders. A third order for the instrument on the first side of the market is received and compared with the first order. If the third order is better than the first order, then the preliminary trade is modified. A final trade is created using the orders currently part of the preliminary trade. | 08-30-2012 |
20120226594 | Quotes wanted in competition - Methods and systems that facilitate the bulk execution of credit derivative transactions such as “bids wanted in competition” portfolios are disclosed. The methods include accepting from an initiating counterparty an identification of a plurality of credit default swap (CDS) contracts to be priced, providing to a plurality of dealers the identified CDS contracts to be priced, accepting bids or offers from the dealers for one or more of the identified CDS contracts, and accepting from the initiating counterparty an indication to execute one or more of the bids or offers. | 09-06-2012 |
20120226595 | METHOD AND SYSTEM FOR FINANCING AND PRODUCING ENTERTAINMENT MEDIA - A web-based financing system for financing entertainment media production companies implemented by a computer or personal digital assistant, comprising a member database for storing registration information wherein the user has access to a social network service and registers as member-producers or as member-investors to form communities; an alternative trading system in communication with said member database, enabling said member-producers and said member-investors to list, quote, buy, sell and trade in initial public offerings or secondary trading of equity shares of said entertainment media companies, and an electronic communications network in communication with said alternative trading system, that matches buy and sell orders of said entertainment media companies selling equity stocks with member-investors purchasing said stocks; and related methods of producing entertainment media and selling and investing in entertainment media companies using an alternative trading system. | 09-06-2012 |
20120226596 | Electronic Trading System - An anonymous trading system comprises one or more matching engines, one or more market distributors and one or more trader terminals for input of orders from institutions trading on the system. The trader terminals are connected to the system through bank nodes. A broker terminal is connected through a bank node and enables voice brokers to trade on the system on behalf of client traders. The voice brokers terminal can be configured for any client trader and will display the market view for that trader. Trades in which the broker terminal participates are not concluded until a manual credit check has been performed. | 09-06-2012 |
20120226597 | SYSTEM AND METHOD FOR DISPLAYING RISK DATA IN AN ELECTRONIC TRADING ENVIRONMENT - An example graphical interface and method for displaying risk related data are described. One example graphical interface includes a data structure comprising a plurality of data nodes and at least one risk data point associated with each node, and further comprises a display grid. The display grid includes one or more cells that are used for displaying selected data nodes and risk data points. Each cell may be associated with a single data node, and may include one or more identifiers corresponding to risk data points of the data node. In one example embodiment, the identifiers are aligned along a single axis, and risk related data corresponding to each identifier is aligned with respect to each corresponding identifier. | 09-06-2012 |
20120226598 | SYSTEM AND METHOD FOR RISK MANAGEMENT - A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Using the spread positions and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders. | 09-06-2012 |
20120233048 | Content-Related Financial Portal - A content receiver provides content received from a content provider. While providing such content, the content receiver determines to provide a financial portal. The content receiver ascertains context-specific information to include in the financial portal based on the content. Then, the content receiver transmits a combination of the financial portal and the content to a display device. The financial portal may include various menus and/or interfaces that enable performance activities related to financial products and/or financial and/or brokerage accounts. In ascertaining information, the content receiver may evaluate the content to determine information to include, such as by analyzing metadata that corresponds to the content and/or performing content recognition analysis on the content. The content receiver may determine to provide the financial portal in response to user input and/or in response to the occurrence of an event corresponding to an automatic and/or user defined trigger. | 09-13-2012 |
20120233049 | SYSTEM AND METHOD FOR MANAGING RISK IN A TRADING ENVIRONMENT - An order entry system for tradable instruments includes a buying power limit constrained order entry mechanism, wherein one or more conditions related to one or more buying power limits are adapted to automatically adjust. A method of controlling risk in an order entry system for tradable instruments includes the steps of: providing one or more conditions related to buying power; and automatically adjusting the one or more conditions related to buying power. | 09-13-2012 |
20120233050 | SYSTEM AND METHOD FOR MANAGING RISK IN A TRADING ENVIRONMENT - An order entry system for tradable instruments includes: a buying power limit constrained order entry mechanism adapted to automatically adjust a condition related to one or more currently open orders or currently held positions in response to a change in the buying power limits. A method of adapting risk in a buying power limit constrained order entry system for tradable instruments includes the steps of: changing the value of the buying power limits; and automatically adjusting a condition related to one or more currently open orders or currently held positions in response to the changed value of the buying power limits. | 09-13-2012 |
20120233051 | SYSTEM AND METHOD FOR MANAGING RISK IN A TRADING ENVIRONMENT - An order entry system for tradable instruments includes: a buying power limit constrained order entry mechanism wherein independent buying power limits are provided for short side and long side. A method of controlling risk in an order entry system for tradable instruments includes the steps of: providing buying power limits constraining order entry; and establishing independent buying power limits for short side and long side. | 09-13-2012 |
20120233052 | SYSTEM AND METHOD FOR BUILDING FUNCTIONS TO ADJUST ONE OR MORE CONDITIONS RELATED TO BUYING POWER - A system for building functions configured to adjust one or more conditions related to buying power includes: a user interface through which a user may identify one or more factors to create one or more functions configured to adjust one or more conditions related to buying power. A method of building functions configured to adjust one or more conditions related to buying power, the method includes the steps of: identifying one or more factors to be used in a function configured to adjust one or more conditions related to buying power; identifying one or more relationships by which the factors are related; applying the identified one or more relationships to the identified one or more factors; and adjusting the one or more conditions related to buying power in response to the application of the identified one or more relationships to the identified one or more factors. | 09-13-2012 |
20120233053 | Equitized Currency Trust for Real-Time Currency Trading - An equitized currency trust has its underlying value based solely on currency, rather than on securities and/or commodities. Shares of the equitized currency trust are priced in a currency other than the currency that forms the underlying value. | 09-13-2012 |
20120233054 | SYSTEM AND METHOD FOR EVENT-BASED TRADING - A system and method for news-based trading are developed. According to one method, a trader can pre-define a trading strategy including a number of trading rules to be applied based on a comparison of one or more estimated event values to the respective actual event values to be released at some later time. The example method further includes, upon receiving one or more actual event values via a user input or directly from outside sources, executing one or more predefined trading rules selected based on the comparison of the received actual event values to the respective estimated indicator values. | 09-13-2012 |
20120233055 | METHOD AND APPARATUS FOR PRICE IMPROVEMENT, PARTICIPATION, AND INTERNALIZATION - A method for stock option trading includes receiving an option order at a market, contemporaneously receiving a copy of the option order at an electronic drop (EDrop) system, which is separate and distinct from the market, obtaining a potential cross quantity and a potential cross price based on the option order at the EDrop system, and submitting, through the EDrop system, a contra-order, with respect to the option order, to the market for fulfillment, wherein the contra-order specifies at least one of an underlying security potential cross quantity, and the potential cross price. | 09-13-2012 |
20120233056 | SYSTEM AND METHOD FOR MANAGING AND EVALUATING NETWORK COMMODITIES PURCHASING - One or more price metrics are generated by retrieving, from a database, one or more price data sets representing a specified time period. Each of the retrieved price data sets includes at least a parameter value, a quoted cost, and a selling unit of measure for at least one item, and is responsive to a product specification data set that includes at least one parameter value and a unit of measure for each of one or more items. In at least one embodiment, a combined item price total is divided by a combined item unit total to generate a metric price per unit for each item in the product specification data set. In another embodiment, a summed individual metric price per unit is divided by the number of individual metric prices to generate an overall metric price per unit for each item in the product specification data set. | 09-13-2012 |
20120233057 | Method and System for Computer-Implemented Trading of Secondary Debt Market Securities - Methods and apparatuses, including computer program products, are described for negotiating the price for a traded security. A security, and a bid or offer terms, are transmitted from at least one dealer to an investor. An indication of interest in purchasing the security is received from the investor and transmitted to at least one dealer. A first bid in response to the indication of interest is received from more than one dealer. The first bid is stored for at least one period of time. In the event that at least two of the stored bids are tied for best: a tie-breaking request is transmitted to each of the tied-for-best dealers, the stored bid for one or more of the tied-for-best dealers is updated with a second bid, the stored bids are transmitted to the investor, and an acceptance, a rejection, or a counter-offer is received from the investor. | 09-13-2012 |
20120233058 | METHOD AND INTERFACE FOR PRESENTING LAST TRADED QUANTITY INFORMATION - Trading software may receive trading information from an exchange. The trading software may use the trading information to compute an estimate of last traded total sweep quantity. The trading software may also display the last traded total sweep quantity on a trading screen. | 09-13-2012 |
20120233059 | System and Method for Display Management Based on User Attention Inputs - A system and method are provided for managing data being displayed on at least one monitor screen based on monitoring user's attention in relation to the monitor screen. In one embodiment, upon detecting that the user's attention is leaving at least a portion of a screen, the system may alert the user of such an event. Alternatively, the system could alert the user upon detecting a triggering condition while the user's attention is away from the at least a portion of the screen. The step of alerting the user may include modifying at least a portion of a display on a monitor not being viewed by the user. Additionally, the system may initiate preparation of a report including any data not being viewed by a user during the time period when the user is not viewing a portion of the monitor. | 09-13-2012 |
20120233060 | ELECTRIC POWER INTERCHANGE SYSTEM - In a power interchange system, a power generated by a power generation device is interchanged between power consumers which receive an electric power supply from a power supply system. The amount of electric power sold by a power consumer is defined as an amount of selling power, and the amount of electric power that the power consumer demands from another electricity consumer is defined as an amount of purchasing power. Power interchange groups are formed, in which power consumers interchanges an electric power thereamong, and each power consumer is provided with a power control device which manages the electric power from the power generation device. | 09-13-2012 |
20120239543 | Payment System and Method Using Commodity-Based Electronically Traded Funds - A system and a method are disclosed for using a commodity-based exchange traded fund (ETF) to implement an electronic payment currency. The commodity-based ETF provides an inflation mirror using a basket of tradable commodities such as metals, energy, agricultural products, etc. Shares of the commodity-based ETF function as an electronic currency unit for use in transactions. A user may direct the system to transfer shares of the commodity-based ETF to a merchant in exchange for non-currency consideration such as goods and services. | 09-20-2012 |
20120239544 | SOLUTIONS SERVER - Methods and systems for providing solutions for trading securities are disclosed, including receiving a level-two quote, the level-two quote including a symbol and at least one market participant quote, the market participant quote including a quote price, a quote quantity, a quote MPID, and a quote side. The methods and systems further include creating a solution set including at least one solution record corresponding to each market participant quote in the level-two quote, the solution record including a solution symbol, a solution side, a solution MPID, a solution price, a solution quantity, and a solution latency, the solution latency including a latency for the market identified by the solution MPID. | 09-20-2012 |
20120239545 | CLICK BASED TRADING WITH INTUITIVE GRID DISPLAY OF MARKET DEPTH AND PRICE CONSOLIDATION - A method and system for reducing the time it takes for a trader to place a trade when electronically trading on an exchange, thus increasing the likelihood that the trader will have orders filled at desirable prices and quantities. The price consolidation feature of the present invention, as described herein, enables a trader to consolidate a number of prices in order to condense the display. Such action allows a trader to view a greater range of prices and a greater number of orders in the market at any given time. By consolidating prices, and therefore orders, a trader reduces the risk of a favorable order scrolling from the screen prior to filling a bid or ask on that order at a favorable price. | 09-20-2012 |
20120239546 | System and Method for Coordinating Automated and Semi-Automated Trading Tools - The present embodiments include methods, systems, and computer program products that provide tools for use in any type of electronic trading environment. In one aspect, leaning manager includes software that can be implemented on any type of computer device for tracking and/or coordinating the buying and selling of available market quantities by multiple automated or semi-automated trading tools. For instance, if more than one automated or semi-automated trading tool is leaning on the same tradable object then the leaning manager may track and/or coordinate such action. The trading tools can use the tracked information and/or the allocated quantities and their prices to enhance their trading strategies. | 09-20-2012 |
20120239547 | Trading System Having Increased Liquidity Provision - 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. | 09-20-2012 |
20120239548 | Hedging Risks Associated with Variable Priced Orders for Derivative Financial Products - Systems and methods are provided for executing a hedge transaction in connection with the execution of a derivative product order in which the price of the derivative product is defined by one or more variables. The hedge transaction may be executed at an exchange or match engine that is different from the exchange or match engine executing the derivative product order. The execution of derivative product transaction may be contingent on the existence of an appropriate hedge transaction. Alternatively, a best efforts approach may be used to fill the hedge transaction order after executing the derivative product transaction. | 09-20-2012 |
20120239549 | Automated Trading System - A computer trading system includes a quote screening function configured to accept quotes specifying a quote amount in a price where the quote amount is greater than a minimum quote amount to produce screen quote messages and to reject quotes specifying a quote amount less than the minimum quote amount. A market view generator generates market views from those quotes which specify an amount greater than or equal to the minimum quote amount. An order screening function only accepts orders specifying an amount less than a maximum transaction amount submitted in response to the market views to produce screened order messages. A transaction processor receives screened quote messages and screened order messages and matches appropriate messages with each other. The minimum quote amount is substantially equal to or greater than the maximum transaction amount whereby a screened order message can be matched entirely with one screened quote message. | 09-20-2012 |
20120239550 | Automated Trading System - A computer trading system includes a quote screening function configured to accept quotes specifying a quote amount in a price where the quote amount is greater than a minimum quote amount to produce screen quote messages and to reject quotes specifying a quote amount less than the minimum quote amount. A market view generator generates market views from those quotes which specify an amount greater than or equal to the minimum quote amount. An order screening function only-accepts orders specifying an amount less than a maximum transaction amount submitted in response to the market views to produce screened order messages. A transaction processor receives screened quote messages and screened order messages and matches appropriate messages with each other. The minimum quote amount is substantially equal to or greater than the maximum transaction amount whereby a screened order message can be matched entirely with one screened quote message. | 09-20-2012 |
20120246050 | Systems and Methods For Locating the Best Cash Market For a Commodity - Systems and methods create a display of commodity purchasers offering the highest net commodity price for a commodity, the net price taking into account the actual transportation and storage costs of the commodity seller for a transaction. In one implementation, the method includes receiving a type of commodity, a storage cost per bushel for the type of commodity, and a transportation cost per bushel for the type of commodity and identifying commodity purchasers for the type of commodity. The method further includes retrieving basis data for the type of commodity for each of the commodity purchasers, the basis data including at least a basis for multiple transaction periods. The method further includes determining distance data between the seller and each of the purchasers, calculating a commodity price for each of the transaction periods for each of the identified commodity purchasers based on the basis data, the distance data, the storage cost, and the transportation cost, and determining which of the purchasers offers the highest commodity price. | 09-27-2012 |
20120246051 | Opening Price Process For Trading System - A system for determining an opening price for products traded over a distributed, networked computer system is described. The system includes a plurality of workstations for entering orders for financial products into the distributed, networked computer system, said orders specifying a quantity of the financial product. A plurality of workstations for entering orders and a server computer coupled to the workstations, said server computer executing a server process that determines an opening price for the product. The opening price process posting an allocation message to market maker participants to communicate an expected allocation of the imbalance for execution at an initial opening of the market in the event that the imbalance exists at the opening. | 09-27-2012 |
20120246052 | Method and Apparatus for Managing Orders in Financial Markets - An integrated order management engine is disclosed that reduces the latency associated with managing multiple orders to buy or sell a plurality of financial instruments. Also disclosed is an integrated trading platform that provides low latency communications between various platform components. Such an integrated trading platform may include a trading strategy offload engine. | 09-27-2012 |
20120246053 | SYSTEMS AND METHODS FOR ELECTRONIC TRADING - Systems and methods of changing electronic trade order properties are provided. A GUI display is provided that displays features regarding placed electronic trade orders. The GUI may include further features for quickly and easily changing features. For example, a first button maybe provided that lists current properties of a selected electronic trade order and is not available for user interaction. A second button may be provided that lists an available change to the current properties of the selected electronic trade order and is available for user interaction. If the second button is activated, one or more electronic cancel and replace orders are executed to create a new order having properties of the selected electronic trade order and at least one changed property that is listed by the second button. The GUI is then updated to reflect the new orders. | 09-27-2012 |
20120246054 | REACTION INDICATOR FOR SENTIMENT OF SOCIAL MEDIA MESSAGES - A reaction indicator in the form of a graphical user interface is disclosed. The reaction indicator combines sentiment and intensity data relating to an asset for use in real-time evaluation of publicly traded assets, in particular equities and commodities. The reaction indicator includes graphic objects displayed upon a monitor that depict social media market sentiment, a timeline slider object, and a vertical bar chart object. The sentiment is derived based upon pairs of lexical items in local syntactic context found in a volume of social media messages. | 09-27-2012 |
20120246055 | METHOD FOR CUSTOMIZED MARKET DATA DISSEMINATION IN SUPPORT OF HIDDEN-BOOK ORDER PLACEMENT AND EXECUTION - Presented is a method that uses a system comprising a secure server to generate a customized market data stream for a client, according to the client's current involvement in, for example, market making or in portfolio management. Some alerts are distributed to all clients, others are sent to those clients that have one or more qualifying open master orders on a particular symbol. Still other alerts signify that a contra order is present in the book maintained by the secure server. The alerts facilitate hidden-book order placement and execution. | 09-27-2012 |
20120246056 | VALUATION OF DERIVATIVE PRODUCTS - Disclosed are a method, apparatus, and computer-readable medium for determining the value of a derivative product over nonconsecutive periods. The derivative product may be an interest rate swap product, which, when exchanged traded, normally is valued on a mark-to-market basis over consecutive periods. The product may be valued using swap value factors and settlement values according to the methodology disclosed herein. | 09-27-2012 |
20120246057 | SYSTEM AND METHOD FOR PROVIDING MARKET DATA IN AN ELECTRONIC TRADING ENVIRONMENT - A system and methods are developed for providing market data in an electronic trading environment. One example method includes determining a probability model comprising a probability corresponding to a change in relation to a market data parameter, then, using the probability to generate a compressed bit stream representing the market data parameter, and providing the compressed bit stream to the client terminal. | 09-27-2012 |
20120246058 | METHOD OF COMPUTERIZED MONITORING OF INVESTMENT TRADING AND ASSOCIATED SYSTEM - A method of computerized monitoring of investment trading includes providing historic trading data for a specific trader, selecting a plurality of trading parameters for the specific trader and obtaining current information regarding the selected parameters, and/or providing historic trading data and applying rules to the current information and/or historic trading data to determine if behavior of interest which may involve a rules violation, a departure from the rules which is not technically a violation or a potential departure from the rules which might make desirable further investigation has occurred. The system may be employed to monitor whether market timing of mutual fund investments has occurred. A corresponding computerized system is disclosed. | 09-27-2012 |
20120246059 | METHOD AND SYSTEM FOR REPRESENTING FINANCIAL MARKET TRANSACTIONS - A computer implement method of representing financial market transactions includes the steps of: recording a time an order was created in a course of sales; determining whether the order was for buying or selling of a fungible item; generating a buyer data stream representative of buying transactions according to the buying of such fungible items; generating a seller data stream representative of selling transactions according to the selling of fungible items, and representing the buyer data stream and the seller data stream on a chart, wherein the financial market transactions are simultaneously represented according to a volume of both buyer and seller transactions. | 09-27-2012 |
20120254005 | FINANCIAL INSTRUMENT TRADING - A data processing system receives a continuous stream of real time transactional data regarding market transactions of fixed income securities. The incoming data is qualified and then used to determine the term structure of interest rates based on price information. The system provides linear interpolation techniques to complete an operative data set. This set is updated with current trade data, with term structure shifting using pivot points from newly qualified data. An index value for a pre-select portfolio of securities is then calculated and expressed in terms of price relative to par, yield to maturity and duration. | 10-04-2012 |
20120254006 | Systems and Methods for a Maximum Product Position Risk Check - Various systems and methods are described herein for product level risk checks. The product level risk checks are used to either allow or prevent a trading strategy to proceed. When a trading strategy is initiated, positions created by various contracts for the trading strategy are grouped based on their association with the same product. Then, an offsetting logic is applied at a contract level to offset at least some positions created for the same contract by various orders across the orders of the trading strategy. | 10-04-2012 |
20120254007 | Throttling Modification Messages - The present embodiments relate to intelligently throttling a modification message based on a period of time that a trade order is required to remain in a market. In an embodiment, intelligently throttling a modification message includes intelligently selecting a transmission time of a modification message based on a period of time that a trade order is required to remain in a market. The modification message is transmitted at the selected time to ensure that the modification order is received at an electronic exchange at or shortly after, but not before, the period of time has expired. As a result, the modification order is accepted (e.g., not rejected) by the electronic exchange. The modification order does not need to be resent to the electronic exchange. | 10-04-2012 |
20120254008 | METHOD AND SYSTEM FOR TRADING AND CLEARING FINANCIAL INSTRUMENTS VIA A MESSAGING INTERFACE - A system allowing customers to use instant messaging (IM) (or other non-financial information exchange compliant communication based) communications to communicate market actions directly to an electronic facility platform that, in turn, publishes market data and matches orders according to standard exchange trading protocols and allows for direct communication with at least one market participant via a financial information exchange compliant communication network for negotiating the terms of and entering into bilateral transactions with the at least market participant, without the need for a human intermediary. The system and method allows matching and publishing market data for Over the Counter (OTC) contracts, OTC cleared contracts, and for the routing of orders to Exchange central limit order books. | 10-04-2012 |
20120254009 | Real-time commodity exchange system and method - The present invention generally relates to commodity exchange systems. Specifically, this invention relates to a system and method for providing real-time commodity exchanges for point of sale transactions. | 10-04-2012 |
20120254010 | SYSTEMS AND METHODS FOR TRADING ACTIVELY MANAGED FUNDS - The invention provides systems and methods for intra-day trading of actively managed exchange traded funds (AMETFs). The invention provides creation and redemption structures for AMETF shares that allow arbitrage, intra-day value estimations for AMETF shares, and hedging portfolios for hedging risks associated with trading AMETF shares, all without requiring disclosure of the specific assets underlying the AMETF. | 10-04-2012 |
20120254011 | OUT OF BAND CREDIT CONTROL - Systems, apparatuses, methods, and computer readable media may be configured for informing a first node of a first fine precision algorithm for calculating a first credit utilization associated with a trading entity, and of whether to use a first coarse precision algorithm instead of the first fine precision algorithm as long as the first credit utilization remains below a first credit threshold, receiving first credit information data from the first node and second credit information data associated with the trading entity from a second node, and determining aggregate credit information data for the trading entity based on the first credit utilization data and the second credit utilization data. | 10-04-2012 |
20120254012 | OUT OF BAND CREDIT CONTROL - Systems, apparatuses, methods, and computer readable media may be configured for informing a first node of a first fine precision algorithm for calculating a first credit utilization associated with a trading entity, and of whether to use a first coarse precision algorithm instead of the first fine precision algorithm as long as the first credit utilization remains below a first credit threshold, receiving first credit information data from the first node and second credit information data associated with the trading entity from a second node, and determining aggregate credit information data for the trading entity based on the first credit utilization data and the second credit utilization data. | 10-04-2012 |
20120254013 | METHOD AND SYSTEM FOR MANAGING SECURITY UNIT ASSOCIATED WITH INTELLECTUAL PROPERTY ASSETS - A new method and system is presented for facilitating the lodgement, storage, issue, custody, record, transfer and trade of one or more security units associated with intellectual property (“IP” assets. The invention includes an input device for receiving a request for information from a querying device for assessment of the information on IP assets. The systems has a querying mechanism for requesting and receiving information various third party devices. An output device of the system presents at information gathered from its database. In an embodiment of the system, the information from the querying device is related to right-to-use, encumbrances, ownership, and price of the trading security on IP assets. | 10-04-2012 |
20120254014 | System and Method for Money Management in Electronic Trading Environment - A system and method for money management in an electronic trading environment are presented. According to one embodiment, a trader may configure a plurality of filters, each including at least one filter criteria and filter condition. When a money management module detects a new order, the money management module intercepts the order and determines if the order matches one or more predefined filters. If the order matches one or more filters then conditions associated with the applicable filter(s) are applied to the order. The application of one or more conditions to an order may result in sending a modified order, preventing the order from reaching the exchange, or sending order to the exchange without any modifications. | 10-04-2012 |
20120254015 | TABS BASED DRAG AND DROP GRAPHICAL TRADING INTERFACE - The interface comprises one or more grids, each grid typically associated with a specific security. GUI objects or icons representing orders of a specific quantity may be dragged and dropped onto the grid to place, change, or cancel orders. The Grids are contained within tab pages, which are further contained as tab sets. Status icons are used to represent open, filled, and cancelled orders. The Icon Locate and Order locate feature allows orders on the Grid and Icons in the status panels to be easily referenced. Status Icons may be stamped with their associated order type or status. Similarly, the status icons may take the form of Corporate logos and adjust in size according to the value or quantity of a position. An Icon packing feature allows status icons to be efficiently placed within their total panel area. Advertising content may be displayed on the trading interface and is also conveniently packaged within tabsets. | 10-04-2012 |
20120254016 | System and Method for Changing the View of a Trading Screen - A trading screen displays market information, such as working orders, buy and sell orders, and other items of interest, in association with values on a value axis. Each item of interest is therefore displayed in relation to the value axis to provide a trader with an intuitive display of the market. In one embodiment, a user can select a location associated with a particular value on the trading screen and upon an selection, for example, by a click of the mouse button, the value axis is repositioned so that the selected value is moved to a predefined location. During which, market information is moved to new locations that are associated with their respective values on the value axis. | 10-04-2012 |
20120259754 | AUTOMATED ENCODING OF FIELD OPERATORS - In one example, a method includes: receiving a first input value associated with a first data field; responsive to determining that the first data field is associated with an equivalence operation, selecting a second input value associated with a second data field of a previously transmitted message, wherein the second input field corresponds to the first input field; comparing the first input value and the second input value to determine if the first input value and the second input value are equivalent; and when the first input value and the second input value are equivalent, generating a message that omits the first input value for the first data field, and providing an operator symbol indicating the equivalence operation to specify that the second input value of the second data field in the previously transmitted message is to be associated with the first data field of the message. | 10-11-2012 |
20120259755 | AUTOMATED ENCODING OF FIELD OPERATORS - In one example a method includes: receiving a first input value associated with a first data field; responsive to determining that the first data field is associated with an increment operation, selecting a second input value associated with a corresponding second data field of a previously transmitted message; comparing the first input value and second input value to determine if the first input value includes a sum of the second input value and an increment value; when the first input value includes the sum of the second input value and increment value, generating a message that omits the first input value for the first data field, and providing an operator symbol indicating the increment operation to specify that the first data field of the message is to be associated with the sum of the increment value and second input value of the second data field in the previously transmitted message. | 10-11-2012 |
20120259756 | AUTOMATED ENCODING OF FIELD OPERATORS - In one example, a method includes: receiving a first input value associated with a first data field; responsive to determining the first data field is associated with a delta operation, selecting a second input value associated with a corresponding second data field of a previously transmitted message; comparing the first input and second input values to determine if the first and second input values are equivalent; when the first and second input values are not equivalent, generating a message, wherein the first data field includes only data of the first input value not included in data of the second input value, and providing an operator symbol indicating the delta operation to specify that the first data field of the message includes only data of the first input value that is not included in data of the second input value associated with the second data field of the previously transmitted message. | 10-11-2012 |
20120259757 | METHOD AND ARRANGEMENT FOR CHANGING MARKET MODEL IN AN AUTOMATED EXCHANGE - In an automated exchange comprising a matching module and a dissemination module a market model state is controlled in the matching module and in the dissemination module, respectively. Hereby it is made possible to, during ongoing trading, change market model for the automated exchange. | 10-11-2012 |
20120259758 | Systems and Methods for Foreign Exchange Risk Management - An exemplary method may comprise forecasting a foreign exchange exposure for first and second periods of time, hedging risk based on the forecasts of the foreign exchange exposure, the hedging based on the forecasts of the foreign exchange exposure for the first and second periods of time, wherein hedging is performed utilizing currency contracts with a single maturity date in a single month, retrieving information in real-time from a database of foreign currency contracts to confirm that the risk has been hedged, hedging changes in foreign exchange exposure that result from changes in the forecast of the foreign exchange exposure for the second period of time, wherein the hedging is performed utilizing currency contracts with the single maturity date in the single month, and displaying a comparison of results of hedging with results of accounting from enterprise resource planning (ERP) system. | 10-11-2012 |
20120259759 | Authorization of a Trading Strategy Algorithm - Systems, methods, and computer-readable storage media are provided for authorizing a trading algorithm prior to execution of the trading algorithm. An example method includes receiving a trading algorithm definition associated with a unique identifier and sending the unique identifier to an algorithm server that is operable to execute programming code representing the trading algorithm. The unique identifier may be associated with a trader authorized to execute the programming code. The algorithm server may check the unique identifier prior to execution of the programming code to ensure that the trading algorithm has been authorized | 10-11-2012 |
20120259760 | HYBRID ENERGY MARKET AND CURRENCY SYSTEM FOR TOTAL ENERGY MANAGEMENT - A hybrid energy market and currency system is provided to manage energy consumption in an energy market comprising a community of users. A central energy authority issues energy currency units to users and sets an exchange rate between the energy currency units and a monetary currency unit, thereby setting a variable price for energy. Energy currency units have a defined validity period at the end of which the energy currency unit is automatically converted to monetary currency units by the central energy authority. Users consume energy currency units through use of energy consumptive services, such as domestic consumption of electricity and water, and through use of transportation. Users are also able to buy additional energy currency units from the central energy authority, and to sell them back. Users cannot speculatively trade energy currency units. Prices are set by comparing the cumulative actual and desired demand | 10-11-2012 |
20120259761 | Low Latency Financial Data Network Architecture - A financial market data network having a lowered overall latency includes communication interfaces, specialized switches having internal switching fabric, and feed handlers that all facilitate communications between financial exchanges and consumers of financial market data therefrom. A feed handler is situated within or proximate a specialized switch and is arranged to receive raw financial market data directly from financial exchanges without the data first traveling through any switching fabric. The feed handler is adapted to process the received raw financial market data into a normalized format before the normalized financial market data is ever routed through any switching fabric, prior to being sent to consumers. The communication interfaces can include I/O ports located on the specialized switches, and the feed handlers can include one or more computer processors or servers. Additional internal switch components can include packet processors and storage components that store network protocols and/or layer tables. | 10-11-2012 |
20120259762 | Network-Based Systems, Methods, and Apparatuses for Constructing and Executing Transactions - In part, the invention relates a graphical trading algorithm platform configured to construct algorithms for execution in a cloud computing environment and related methods. In one embodiment, an exemplary method includes displaying a plurality of drag and droppable widgets within a computer generated graphical environment, each icon associated with a component of an event algorithm; processing a plurality of the widgets in a predetermined order when such widgets are arranged in a sequence corresponding to steps in the event algorithm; monitoring data feeds relating to an event of interest, wherein the event of interest is selected from the group comprising of stock changes, news events, market events, and regulatory events; and executing the action within a time period P when conditions defined by the event algorithm are satisfied. | 10-11-2012 |
20120259763 | APPARATUS AND METHOD OF A DISTRIBUTED CAPITAL SYSTEM - Methods, systems, and articles of manufacture consistent with the present invention provide for conducting financial transactions over a network. A user requests to execute at least one financial transaction with at least one of a number of parties, each of the parties corresponding to a data processing system on the network. Real-time financial information relating to the financial transaction is obtained, and the user can test and confirm that the financial transaction with the at least one party can take place prior to execution of the financial transaction. | 10-11-2012 |
20120259764 | Simulation Auction for Public Offering - The invention provides a method and system to estimate demand, pricing, allocation and aftermarket demand for public offerings via a simulation auction using collaborative forecasting. The simulation auction incorporates features to enhance participant knowledge about a particular company and its proposed auction. The simulation auction may be used to collect information regarding likely or equilibrium pricing of actual offerings, as well as to generate demand curve provides for different types of participants (e.g. retail and institutional investors). | 10-11-2012 |
20120259765 | System and Method for Holding and Sending an Order to a Matching Engine - A user can submit an order to buy or sell a tradeable object, only the order does not get sent to the matching engine. Instead, the order is placed in temporary storage and it is displayed to the user in the form of a virtual order icon. The virtual order icon indicates that an order request is waiting for an event to occur before it is automatically released to the matching engine. The virtual order icon can be managed by the user, which might include moving the icon to a different price level or deleting it. The system continuously monitors for an event to take place. In response to detecting the event, the order is released to the matching engine. As such, the virtual order icon is transformed or removed and a real order icon is displayed indicating that the order has now been sent to the matching engine. | 10-11-2012 |
20120259766 | System and Method for Chart Pattern Recognition and Analysis in an Electronic Trading Environment - A system and method are provided for chart pattern recognition and analysis. In one embodiment, a graphical interface is provided to enable a trader to select a portion of a chart to be used in the chart pattern analysis. The pattern of the selected portion of the chart could then be used to find one or more similar chart patterns in a user-defined timeframe, such as any future time period or a time period in the past. When a reoccurring chart pattern is found in any future time period, an alert signal can be generated to alert a user of a possibility of the chart pattern reoccurrence. Alternatively, chart pattern matches can be found in a time period in the past, and a set of studies can be applied to the found matches to generate a set of reoccurring indicator values. The reoccurring indicator values can be used in combination with the chart pattern to detect any similar chart patterns in the future. | 10-11-2012 |
20120259767 | System and Method for Coalescing Market Data at a Network Device - A network device coalesces data received from an exchange, and provides a user with the opportunity to receive fewer, but up-to-date, data updates from an exchange when duplicate prices become available or a large volume of prices becomes available suddenly. Accordingly, the trader can be assured of receiving non-duplicated prices that are fed at a rate that is cohesive with that trader's connection speed. The present invention is designed to conserve on bandwidth thereby increasing the likelihood that bandwidth will be available to receive desirable market information. | 10-11-2012 |
20120265663 | Perpetual Futures Contracts With Periodic Reckonings - Systems and methods that provide for a perpetual futures/derivatives contract with periodic reckoning are disclosed. An embodiment may include a method of receiving a new perpetual contract and managing that contract through to its termination. The perpetual futures contract may comprise an option to terminate the contract at recurring predetermined intervals. The exchange may allow or prohibit exercise of the option based on particular parameters. | 10-18-2012 |
20120265664 | Dynamically Activating and Deactivating One or More Elements of a Trading Tool - Various embodiments relate to intelligently activating and deactivating a trading tool element of a trading tool to improve a user's confidence in the trading tool. By dynamically activating and deactivating elements on the trading screen, the trading tool effectively increases a user's confidence in placing a trading order, canceling a trade order, or both, for example, by eliminating or reducing undesirable options. Undesirable options might include those that are risky, contrary to a particular trading strategy, would result in a loss of money, and so on. Such an embodiment can improve the overall speed at which a user places or cancels a trade order by, among other things, effectively increasing the user's overall confidence in the trading tool. | 10-18-2012 |
20120265665 | SYSTEM AND METHOD FOR CREATING AND TRADING PACKAGED COLLAR OPTIONS ON AN EXCHANGE - A method of creating and trading packaged standard option collars on an exchange is provided, as well as a trading facility for trading such packaged standard option collars. Collars are created by identifying an underlying asset, a first leg of a collar is determined by determining the desired strike price for the first leg and selecting a standard option contract traded on the exchange having a strike price closest to the desired strike price. The second leg is determined by selecting another standard option, the opposite of the first leg, having an option price substantially offsetting the option price of the first leg. Once the legs of the collar have been selected the collar package may be listed on the exchange, and orders for the collars may be processed by matching orders for opposite positions in the collar. | 10-18-2012 |
20120265666 | METHOD AND SYSTEM FOR INTEREST RATE SWAPS - The present invention is a system and method for providing improved functionality to an interest rate swap platform. The improved system includes functionality implementing single interest rate sale sessions initiated either as a result of market conditions or a user request, risk adjustment sales to allow users to balance portfolio risks, consolidated sweeps to more efficiently allow a user to manage an investment swap portfolio, and credit limit clearance functionality to improve the management of credit limits associated with users and clearance facilities. | 10-18-2012 |
20120265667 | FINANCIAL INSTRUMENT DISCOVERY, TRANSPARENCY, COMMUNICATION, AND TRADING FACILITATION - The Financial Instrument Discovery, Transparency, Communication, and Trading Facilitation invention allows parties to virtualize prospective and existing financial instruments (including derivative and other analogous complex financial instruments) into one or more computer software applications via a user authoring software toolkit, and to upload such one or more virtualized instrument to a cloud hosting environment (or analogous online storage ecosystem) for further sharing of such virtualized instruments with interested parties over a communications network where other market participants may engage with the cloud hosting environment and search for, download, and review such virtualized instruments. Further, the Invention allows for downloading parties and authors to communicate directly and to do such “peer to peer” communications on an anonymous, partially anonymous, or non-anonymous basis, and have such communications be secure and/or encrypted. | 10-18-2012 |
20120265668 | DETERMINATION OF IMPLIED ORDERS IN A TRADE MATCHING SYSTEM - A computer implemented method for determining implied orders in an electronic trading system is provided. The method comprises receiving a first set of one or more real orders, wherein the orders are not tradable against each other. One or more implied orders are identified within the first set of real orders. Market data corresponding to the implied orders can also be identified. At least one additional order is received and the tradability of the additional order is determined against the real or implied orders within the first set of real orders. A resting set of orders is determined from those real and implied orders within the first set of orders not affected by the tradability of the additional order. Implied orders are determined from within the set of resting orders. | 10-18-2012 |
20120265669 | Method and Apparatus for Providing Order Queue Information - A system and method for providing market information are disclosed. In this application, updates are received for a tradeable object at a price level from at least one exchange. To the extent that the updates do not include enough details to compute the number of orders resting at a particular price level in a market, estimation may be used to provide order queue information. As a result, the number of orders which are pending in the market at various price levels may be determined using the techniques described herein. The interface disclosed herein may be used to display the number and/or quantity of the orders in the order queue. | 10-18-2012 |
20120271745 | Indicators that Represent Quantity of Unmatched Bids or Offers - Some embodiments relate to intelligently selecting one or more sets of indicators to optimally represent the overall quantity of bids or offers at a price level. The various sets of indicators may be selected based on the other sets of indicators that are displayed at that price level. By intelligently selecting the set of indicators, the trading device may reduce the time needed for a user to determine or estimate the exact quantity of bids or offers at that price level. For example, the trading device may select a set of indicators that has the least number of indicators in a set or may select a set of indicators that is most easily understood by the trader. | 10-25-2012 |
20120271746 | AUTOMATE METHOD AND SYSTEM FOR CREATING TRADEABLE HEDGE FUND INDICIES - An automated method and system for creating tradable hedge fund indices. One or more sets of hedge fund trading information is obtained on a application on a target device. The application creates one or more sets of tradable indices representing hedge fund performance from the received one or more sets of hedge fund trading information. The application displays the created one or more sets of tradable hedge fund indices in one more windows on a multi-windowed graphical user interface (GUI) The one or more sets of tradable hedge fund indices include, but are not limited to, equal weighted, asset weighted and/or aggregated hybrid tradable indices. | 10-25-2012 |
20120271747 | Methods, Apparatus, and Systems for a Global Equity Exchange - Systems, software, financial exchanges, and methods for a new global finical exchange are described. In one aspect, the present invention provides an exchange that lists sector, country, regional, and world electronically traded electronic representations of instruments on a set of representative global equity indices based on a single source, on an electronic exchange, open nearly 24-hours every business day, in one base currency, with periodic (annual) normalized index prices, utilizing a unique share-sized derivatives instrument as described in U.S. patent application Ser. No. 13/074,687, having cross margining, yearly expirations, associated options, and realized volatility instruments. All of these features combined into one comprehensive package will attract market participants because of a better-designed product, utilizing capital in the most efficient way possible, with features not found, or not commonly found, on any exchange, and with many cost-saving elements. The present invention could be the first credible threat to the dominance of the handful of mega exchanges in the U.S. and Europe. | 10-25-2012 |
20120271748 | ENGINEERING PROCESS FOR A REAL-TIME USER-DEFINED DATA COLLECTION, ANALYSIS, AND OPTIMIZATION TOOL (DOT) - A method, system, process, and computer program that receives, collects, displays, and optimizes user-defined data. The collection, analysis, and optimization process is applicable to a wide variety of industries for both real-time and historical data. Some sample industries that will benefit from this invention include: securities trading, vehicular traffic optimization, medical image scanning, wireless communications, and aircraft routing. | 10-25-2012 |
20120271749 | Publish and Subscribe System Including Buffer - Systems and methods for delivering a plurality of trading data messages to a server in connection with the monitoring the trading of financial instruments are provided. A listener subscribes to a subset of the plurality of trading data messages generated by market participants or components within the trading platform. A buffer receives the subset of the plurality of trading data messages and stores the subset of the plurality of trading data messages. A server, such as a live alerts server, receives the subset of the plurality of trading data messages stored from the buffer and analyzes the subset of the plurality of trading data. | 10-25-2012 |
20120271750 | System and Method for Improved Order Entry Using Market Depth - Market depth information pertaining to the hedging side is utilized to intelligently break a non-hedging order into multiple orders, such that the orders rest at cascading price levels. This way, the trader can benefit from sweeps in the book and still properly account for the market depth on the hedging side. Further, there is a greater probability of receiving “partials” on the spread order. In addition, hedge orders may be sent at multiple price levels, or sent to the market in pieces over time. By applying a more intelligent process to hedge orders (as opposed to “fire and forget”) an alternative beyond limit orders that can be logged or market orders is provided. | 10-25-2012 |
20120271751 | METHOD OF COMPUTERIZED MONITORING OF INVESTMENT TRADING AND ASSOCIATED SYSTEM - A method of computerized monitoring of investment trading includes providing historic trading data for a specific trader, selecting a plurality of trading parameters for the specific trader and obtaining current information regarding the selected parameters, and/or providing historic trading data and applying rules to the current information and/or historic trading data to determine if a rules violation has occurred. The system may be employed to monitor whether market timing of mutual fund investments has occurred. A corresponding computerized system is disclosed. | 10-25-2012 |
20120271752 | System and Method for Integrating a Dark Trading Facility and a Securities Exchange - A system and method are described for the providing securities exchange members increased liquidity for affecting trades. Securities exchange members will have access to both a Dark Trading Facility and securities exchange for trading. When trading on the security exchange, these members will be able to access the Dark Trading Facility using the security exchange infrastructure. Further, when such members enter orders onto the Dark Trading Facility, they will have access to the security exchange display book from the dark pool of the Dark Trading Facility. The trading transactions executed in the Dark Trading Facility or initiated by the Dark Trading Facility, preferably, are automatic and anonymous. | 10-25-2012 |
20120271753 | Automated Securities Trade Execution System And Method - An automated securities order execution system includes order entering means for a client to enter an order and at least one filtering means for determining whether the order can be automatically executed. Routing means are used for routing the order to a destination based upon the determination made by each of the filtering means. After the order has been properly routed, the order is executed and the result of the order execution is reported to the client. | 10-25-2012 |
20120271754 | SYSTEM AND METHOD FOR ESTIMATING A SPREAD VALUE - An estimated spread value is computed that represents a price at which a trader might have been able to buy or sell a spread given the current market conditions of the legs. In particular, when an event occurs in one of the legs, price information is gathered from each of the other legs based on the spread definition, in addition to the defined event, and is used in estimating the value of a spread. According to one feature, the computations may be triggered by any predefined event. According to another feature, the computation may be programmed by a user to tailor the estimation process according to the type of spread being traded. The estimated spread value may be used to analyze spreads, it may be fed to other trading related software tools, or it may be used in charting. | 10-25-2012 |
20120271755 | Ratio Spreads for Contracts of Different Sizes in Implied Market Trading - A method for matching orders is provided. The method includes receiving a first order for a product, the first order specifying a first volume, receiving a second order for the product, the second order specifying a second volume, wherein the first volume is different than the second volume, generating an implied order based on a ratio spread defined between the first order and the second order, and matching a third order with the implied order. | 10-25-2012 |
20120278220 | FORWARD-LOOKING TRANSACTIVE PRICING SCHEMES FOR USE IN A MARKET-BASED RESOURCE ALLOCATION SYSTEM - Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. One of the disclosed embodiments is a method for generating a bid value for purchasing electricity in a market-based resource allocation system. In this embodiment, a desired performance value indicative of a user's desired performance level for an electrical device is received. Price information from an electricity futures market is received. A bid value for purchasing electricity from a local resource allocation market sufficient to operate the electrical device at the desired performance level is computed. In this embodiment, the computing is performed based at least in part on the desired performance value and based at least in part on the price information from the electricity futures market. | 11-01-2012 |
20120278221 | PREVENTING CONFLICTS AMONG BID CURVES USED WITH TRANSACTIVE CONTROLLERS IN A MARKET-BASED RESOURCE ALLOCATION SYSTEM - Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. One of the disclosed embodiments is a method for operating a transactive thermostatic controller configured to submit bids to a market-based resource allocation system. According to the exemplary method, a first bid curve is determined, the first bid curve indicating a first set of bid prices for corresponding temperatures and being associated with a cooling mode of operation for a heating and cooling system. A second bid curve is also determined, the second bid curve indicating a second set of bid prices for corresponding temperatures and being associated with a heating mode of operation for a heating and cooling system. In this embodiment, the first bid curve, the second bid curve, or both the first bid curve and the second bid curve are modified to prevent overlap of any portion of the first bid curve and the second bid curve. | 11-01-2012 |
20120278222 | Fuel Offering and Purchase Management System - The present disclosure is directed to facilitating pricing, sales and delivery of a commodity. In one embodiment, a Fuel Offer Generator that facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers may later exercise the fuel offers so their fuel costs are locked-in at desired levels. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. A customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator determines which metrics are relevant to pricing the fuel offering and then employs those determined metrics to establish the pricing of fuel offerings. | 11-01-2012 |
20120278223 | SYSTEMS AND METHODS FOR PROTECTING AGAINST ERRONEOUS PRICE ENTRIES IN THE ELECTRONIC TRADING OF FINANCIAL AND OTHER INSTRUMENTS - The invention relates to systems and methods that provide a user interface for use with an electronic trading system. The interface notifies the user that the price at which he or she may have attempted to trade has changed and presents the user with the opportunity to submit, modify or cancel the trade command. The user may configure the trading system to enable such a notification based on the time span for the price change, the number of increments of the price change, a combination thereof or any other appropriate consideration for protecting against the occurrence of erroneous price entries. Subsequent trade commands, such as those entered by third parties, may be used to validate prices and execute trades at these prices. | 11-01-2012 |
20120278224 | SYSTEM AND METHOD FOR SIMULATING AN ELECTRONIC TRADING ENVIRONMENT - Market data is recorded from a real live exchange. The recording data can be played back in real time or delayed, in any manner, to simulate the recorded market. Moreover, one or more users can participate in the simulated market just as if they were participating in a real-live market. The system provides a realistic trading environment without the associated risks of trading in a live-market such as losing money and the cost of making trades. The system may be used for training purposes and for purposes of testing and analyzing various trading strategies. Software developers and testers may also utilize the realistic environment to develop trading products or applications. Additionally, the system provides a means for demonstrating trading application products. | 11-01-2012 |
20120278225 | Time Market Grid Interface - A system and method are provided for trading a tradable object. One example apparatus includes a microprocessor, a graphical user comprising a first screen region having a plurality of locations in the first screen region, each location corresponding to a price level along a first axis and a time along a second axis. The apparatus also comprises a user input device for sending a command to initiate placement of a timed trade order, and an indicator being dynamically displayed in one of the plurality locations of the first screen region and corresponding to the timed order. In one example embodiment, the indicator dynamically moves over time relative to the second axis indicating a time until the order will be automatically sent to a computerized matching process. | 11-01-2012 |
20120284158 | ZERO-LATENCY RISK-MANAGEMENT SYSTEM AND METHOD - A zero-latency risk-management system and method useful in, for example, sponsored market access or in-house trades. The zero-latency risk-management system comprises an out-of-band risk monitor computer and a kill-switch. The kill-switch is in-line between order receipt and trade placement, but the out-of-band risk monitor computer operates in parallel with the order processing, thus eliminating latency in the trade. The out-of-band risk computer monitors orders as they flow through the system and updates any risk metrics based on those orders. Kill-switch threshold levels may be set in the risk computer to be, for example, the desired level of risk, minus the maximum amount of risk that a subsequent new order could incur. If the risk computer determines that an order has breached this kill-switch threshold, it activates the kill-switch to prevent additional order entry that could breach the actual threshold. | 11-08-2012 |
20120284159 | FINANCIAL TRADING SYSTEM AND METHOD UTILIZING HOTKEY SUBSCRIPTIONS - A system for managing hotkey subscriptions includes one or more controllers adapted to run two or more software applications, including a trading software application, wherein the trading software application includes one or more functions associated with a respective one or more hotkeys and further wherein the one or more controllers are configured to inform the trading software application when any of the hotkeys are triggered anytime the trading software application is running. A method for managing hotkey subscriptions includes the steps of: concurrently running two or more software applications, including a first trading software application including one or more functions associated with a respective one or more hotkeys; and informing the first trading software application when any of the hotkeys are triggered, anytime the trading software application is running. | 11-08-2012 |
20120284160 | SYSTEMS AND METHODS FOR PROVIDING VOLUME-WEIGHTED AVERAGE PRICE AUCTION TRADING - Systems and methods for providing traders with an opportunity to trade on the VWAP price are provided. After a trader enters a VWAP auction session, the trader has a predetermined about of time (i.e., the length of the VWAP auction period) to place bids and/or offers on an item. When the VWAP auction period ends, the electronic trading application matches the VWAP orders. The VWAP orders that are not matched are cancelled. The electronic trading application collects trading information (e.g., price, size, etc.) corresponding to the received orders. The collected information is processed to determine the VWAP price. The VWAP price is presented to the trader and the matched VWAP orders are filled based on the determined VWAP price. | 11-08-2012 |
20120284161 | Fuel Offering and Purchase Management System - The present disclosure is directed to facilitating pricing, sales and delivery of a commodity. In one embodiment, a Fuel Offer Generator facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers may later exercise the fuel offers so their fuel costs are locked-in at desired levels. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator employs a redemption condition based on a retail fuel pump price metric to establish the pricing of fuel offerings. | 11-08-2012 |
20120284162 | Fuel Offering and Purchase Management System - The present disclosure is directed towards apparatuses, systems and methods to facilitate the pricing, sales and delivery of a commodity fuel to a Customer. In one embodiment, the disclosure teaches a Fuel Offer Generator that facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers can buy these fuel offers such that they may later exercise the fuel offers so their fuel costs are locked-in at desired levels (e.g., they may be set to strike prices). The Fuel Offer Generator also can establish a Premium Price that will be part of the fuel offer. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator employs a geographical fuel pump location metric as well as consumer purchasing behavior to establish the pricing of fuel offerings. | 11-08-2012 |
20120284163 | CUSTOMIZABLE TRADING DISPLAY OF MARKET DATA - A method for providing a customizable trading display of market instrument data includes selecting a subset from a plurality of quadrants, each quadrant associated with one benchmark instrument and at least one non-benchmark instrument, each non-benchmark instrument associated with the benchmark instrument. Market data is automatically retrieved for the instruments associated with each selected quadrant. The customizable trading display is then generated with the display comprising the subset of quadrants and each quadrant including the associated market data. | 11-08-2012 |
20120284164 | Method of buying or selling items and a user interface to facilitate the same - The method includes the steps of, under control of a client system, displaying information identifying at least one item and a bid and/or ask price for the item in the market; and specifying transaction conditions based on a user directed position of a moveable icon, where the transaction conditions are related to the buying or selling of the identified item in the active market. Then, in response to an action of the user sending a user transaction request at the transaction conditions displayed at the time of said action, facilitating financial transactions for the user in accordance with the transaction conditions to complete the transaction. In this manner, the item may be bought or sold by the user at the transaction conditions specified. A user interface to facilitate this method is also disclosed. A quantity recommendation system to facilitate the quantity decision of a financial transaction is further disclosed. | 11-08-2012 |
20120284165 | METHOD FOR REMOVING CARBON DIOXIDE FROM OCEAN WATER AND QUANTIFYING THE CARBON DIOXIDE SO REMOVED - Disclosed herein are methods and systems for removing carbon dioxide (CO | 11-08-2012 |
20120284166 | SYSTEMS AND METHODS FOR ENABLING TRADING OF FINANCIAL INSTRUMENTS - A method of trading a foreign currency option on an electronic trading system may include executing a trade of the foreign currency option between a buyer and a setter, locking the trading system with respect to the traded foreign currency option, querying the buyer whether the buyer desires to buy or sell additional volume of the option, querying the seller whether the seller desires to sell or hay additional volume of the option, and authorizing additional participants to join the trade and querying the additional participants whether each of the additional participants desires to buy or sell a volume of the option. | 11-08-2012 |
20120284167 | Performance Testing Tool for Financial Applications - The present invention provides a n-tier architecture for a performance based testing tool and an associated method for trading and financial applications. The performance benchmarking tool of the present invention is configured to create multiple load generating clients, monitor and control it through a single agent process. The invention determines latencies of individual subsystems by subscribing to ticker plants and allows for online monitoring of latencies and controlling of multiple clients based on predefined message types. | 11-08-2012 |
20120284168 | Implied Order Quality - Certain embodiments of the present inventions provide implied order quality. The quality may be viewed as an indication of how much an implied order and/or an aggregate quality for implied orders may be relied upon. Certain embodiments utilize various techniques for determining a quality for an implied order. Certain embodiments utilize various techniques for determining an aggregate quality for implied orders. Certain embodiments provide an indicator of the quality for an implied order and/or of the aggregate quality for implied orders. Certain embodiments filter an implied order based on a determined quality value and/or determined aggregate quality. | 11-08-2012 |
20120284169 | Foreign Currency Index - Systems and methods are provided for trading and calculating the composition of foreign currencies indexed financial instruments. The compositions of the financial instruments are determined by calculating a geometric average of the exchange rates of foreign currencies with corresponding competitive weights. The competitive weights for each of the foreign currencies reflects competition between the goods of the United States and a country corresponding to the foreign currency in the markets of third countries. | 11-08-2012 |
20120284170 | System And Method For Aggressively Trading A Strategy In An Electronic Trading Environment - System and method for aggressively trading a spread trading strategy in an electronic environment are provided herein. According to the example embodiments, a trader may configure the automated trading tool to trade as aggressively as possible by leaning on a price without an associated quantity. This allows a trader to possibly obtain a more profitable price as well as get filled faster. Traders submit an order for a spread and the automated trading tool calculates the quote order price based on a defined level of aggressiveness, the leaned on price, and the desired spread price. Based on the level of defined aggressiveness and the gap in the market, the automated trading tool may lean on a mildly, moderately, or extremely aggressive price. | 11-08-2012 |
20120284171 | System and Method for Optimizing Order Placement in an Order Queue in an Electronic Trading Environment - Systems and methods for optimizing order placement in an electronic trading environment are provided. Global queue holder orders are placed in a tradeable object to reserve quantity for traders. Traders may submit order requests for quantity at price levels at which a global queue holder order is holding quantity. When a trader submits an order for a quantity at a price level at which quantity is being held, a gateway compares the order to the global queue holder order information stored in a database. If the trader's order coincides with a price level at which quantity is held, then the gateway virtually transfers ownership of that quantity to the trader, who then assumes the advantageous queue position. When the quantity associated with the order is filled, the fill information is sent to the gateway, which to the database to determine which trader is associated with the filled order quantity. | 11-08-2012 |
20120290459 | Fuel Offering and Purchase Management System - The present disclosure is directed to facilitating pricing, sales and delivery of a commodity. In one embodiment, a Fuel Offer Generator facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers may later exercise the fuel offers so their fuel costs are locked-in at desired levels The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. A customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator employs a geographical fuel pump location metric as well as consumer redemption to establish the pricing of fuel offerings. | 11-15-2012 |
20120290460 | Composite Public Cloud, Method and System - A composite public cloud enables an automated marketplace system for, selling and trading of computational resources by aggregating available compute resources so that buyers are automatically matched with sellers. A listing of compute resources available on a prospective seller's system and bids by prospective buyers for resources offered is maintained. A seller uses a series of attributes to characterize an available resource for prospective buyers. Compute resources are presented in a form which can be easily quantified or compartmentalized. Prospective buyers search the marketplace system based on desired resource criteria. The marketplace continually evaluates the attributes of resources available for sale and the desired criteria of prospective buyers. The system attempts to match buyers and sellers, optimizing for the needs of both parties. If a desirable match is found, the marketplace system facilitates a transaction between both parties, making the purchased resource available to the buyer. | 11-15-2012 |
20120290461 | METHOD AND SYSTEM FOR CREATING AN EQUITY EXCHANGE FUND FOR PUBLIC AND PRIVATE ENTITIES - A method and system for creating an equity exchange fund for public and private entities are provided. The method includes the steps of receiving an application to participate in the fund from at least one investor, the investor having a position in at least one commercial entity; evaluating the entity based on at least one predetermined criteria; if the entity is acceptable, performing a valuation of the position in the entity; and determining a number of shares of the fund to be exchanged for the position in the entity. The determining the number of shares step includes determining a future value of the position at a scheduled date of liquidation of the fund; dividing the future value of the position by a total current fund value plus the future value of the position to determine a ratio; and multiplying a number of shares of the fund by the ratio. | 11-15-2012 |
20120290462 | METHOD AND SYSTEM FOR REGULATORY STRUCTURE PRODUCTS - Accordingly it is a principle object of the present invention to overcome the disadvantages and limitations of prior art methods and systems and provide a method and system for trading exchange traded products constituted in accordance with the principles of the present invention which will be a regularity structure, wherein Paired/Split mutual fund units may be created out of the same structure which is open ended. It is yet another object of the present invention to achieve zero sum nature for the paired unit and provide simultaneous issuance/redemption of all classes on units/shares for payoff. | 11-15-2012 |
20120290463 | Processing Binary Options in Future Exchange Clearing - Systems and methods are disclosed for processing binary options (also referred to as digital options) in existing clearing systems, such as futures clearing systems. The binary option is treated, or processed, similar to standard options on a non-tradeable cash-settled underlying futures contract. A hypothetical instrument, referred to as a book instrument is created to facilitate clearing of the binary option. The book instrument has an expiration date after the expiration of the binary option, such as the day after the expiration of the binary option. For each binary option that expires in the money, a transaction is created for the book instrument future. The underlying book future has an assigned price that is a fixed amount less that the final price for the underlying statistical or actual value of the binary option at expiration. Transactions are loaded in the clearing system and processed and all positions are liquidated. | 11-15-2012 |
20120290464 | SYSTEM, METHOD AND PROGRAM FOR AGENCY COST ESTIMATION - A method, system and computer program product for forecasting the transaction cost of a portfolio trade execution that may be applied to any given trading strategy or an optimal trading strategy that minimizes transaction costs. The system accepts user-defined input variables from customers and generates a transaction cost estimation report based on those variables. Two models are utilized: discretionary and non-discretionary. A specific transaction cost estimation and optimization is performed that model the transaction costs of a specific trade execution based on the user's trading profile and market variables. | 11-15-2012 |
20120290465 | SYSTEM AND METHOD FOR CREATING A MARKET MAP IN AN ELECTRONIC TRADING ENVIRONMENT - A market map interface displays market information and trader-related information associated with at least two tradable objects. In one embodiment, the at least two graphical interfaces may be linked, and a user may define one or more adjustment parameters to be used to adjust the view of information being displayed via the linked graphical interfaces. For instance, a user may initiate repositioning of one of the linked graphical interfaces, thus, effectively, causing other linked graphical interfaces to be repositioned according to the defined adjustment parameters. | 11-15-2012 |
20120290466 | Method And System For Matching Short Trading Positions With Long Trading Positions - A system and method for automatically matching short and long positions of participants and automatically generating repurchase agreements (“repo”) and reverse repurchase agreements (“reverse repo”). The system and method provide trading anonymity and various filtering options for the members. | 11-15-2012 |
20120296792 | Process for financing and interest rate price discovery utilizing a centrally-cleared derivative - A process for financing and interest rate price discovery utilizing a centrally-cleared derivative is provided. Criteria are bid and/or offered with respect to enumerated amounts. The criteria can be prices or interest rates. The interest rate can be an overnight and other term interest rates, forward interest rates, and combinations thereof. Bids and offers are matched at the same criteria rate. Each matched bid and offer is assigned at least one derivative at a price derived from the matched criteria. The derivative is centrally cleared. | 11-22-2012 |
20120296793 | Rate-negotiated, standardized-coupon financial instrument and method of trading - In accordance with the principles of the present invention, a rate-negotiated, standardized-coupon financial instrument and method of trading are provided. A coupon is negotiated between two parties. At least one forward curve and a discount curve are implied or approximated to be consistent with the negotiated coupon. A consistent value for a swap with a different coupon is determined. The consistent value can comprise the net present value (NPV) of the interest rate swap written as the difference between the present values of two interest payment legs. In the case of a vanilla swap the two legs correspond to fixed coupon payments and floating coupon payments. In the case of a basis swap, one leg is the floating coupon payments with a reference rate plus a fixed coupon, and the other leg is floating coupon payments with a different reference rate. The rate-negotiated, standardized-coupon financial instrument of the present invention provides for a financial instrument negotiated in rate terms to be substituted with an equivalent position in an instrument with a different coupon rate, at an adjusted price. | 11-22-2012 |
20120296794 | Systems and Methods for Auctioning Charging Times for Electric Vehicles - Systems and methods are provided for auctioning charging times for electric vehicles at one or more charging stations. The systems and methods may include delivering, to a customer computing device associated with a customer, auction information regarding an auction for at least one time slot of a charging station for an electric vehicle; receiving, from the customer computing device, a bid amount for the auction; and delivering a notification to the customer computing device if the received bid amount is accepted as a winning bid amount for the auction. | 11-22-2012 |
20120296795 | METHODS AND SYSTEMS FOR MATCHING BUY AND SELL ORDERS - Methods and systems for matching buy and sell orders that maximize the number of shares matched while simultaneously providing an even allocation of shares regardless of when a given order is received, are provided herein. The methods and system utilize an optimization function to determine the optimized price point at which the maximum number of shares can be matched using such inputs as a set of buy and sell orders, market spread, and participant defined exclusion criteria. This optimized price point may then be used to select those buy and sell orders eligible for participation in the matching event. Shares are then evenly allocated between participants using, for example, a round-lot base allocation procedure. The methods and systems may also utilize an anti-gaming function that compresses multiple orders from a single participant into a single participant interest prior to allocating shares. | 11-22-2012 |
20120296796 | HYBRID TRADING SYSTEM FOR CONCURRENTLY TRADING COMBINED ORDERS FOR FINANCIAL INSTRUMENTS THROUGH BOTH ELECTRONIC AND OPEN OUTCRY TRADING MECHANISMS - A system and method of trading combined orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes receiving an incoming order having a first order component and a second order component at an electronic trade engine and routing the first and second order components to a first electronic database. The first and second order components are matched and executed against order components maintained in the first and second electronic databases, respectively. Any unexecuted first and second order components are placed in an electronic book according to a predetermined program if the first or second order component cannot be completely matched against any order components maintained in one of the first or second electronic databases. The system includes a trade engine configured for receiving combined orders from market makers. | 11-22-2012 |
20120296797 | METHOD AND ARRANGEMENT FOR PRE-MATCH RISK VALIDATION OF ORDERS IN AN AUTOMATED EXCHANGE - In an automated exchange, comprising a matching module, a received order is validated for risk purposes before a match process begins. Hereby it is made possible to reduce the total financial exposure by a customer to the automated exchange. | 11-22-2012 |
20120296798 | Flexible-rate, financial option and method of trading - A flexible-rate option and method of electronic trading are provided. The flexible-rate option includes a negotiable premium and a corresponding rate-based strike rate. At least one discount curve, and potentially also a forward curve are determined An adjustment factor for the financial instrument is determined. The curve or curves are used to determine the adjustment factor to determine the adjusted exercise price of an underlying with a standardized coupon as the present value difference between the delivered financial instrument with a fixed rate and a swap with the strike rate, at or near the time of option exercise. This Abstract is submitted with the understanding that it will not be used to interpret or limit the scope or meaning of the claims. | 11-22-2012 |
20120296799 | SYSTEM, METHOD AND COMPUTER PROGRAM FOR ENERGY USE MANAGEMENT AND REDUCTION - The present invention provides a system, method and computer program for energy use management and reduction. The invention enables managing and reducing energy usage by monitoring energy usage of users and rewarding users for reducing energy usage. It includes monitoring energy consumption for users. Any reduction in energy consumption is commoditized. The commoditized energy can be sold on a market. Some or all of the revenues realized from the sale may be distributed to the users as encouragement to further reduce energy usage. | 11-22-2012 |
20120296800 | GLOBAL FOREIGN EXCHANGE SYSTEM - A computerized trading system permits global currency trading. The system preferably includes multiple affiliates at the local level, each in a different country, that act as introducing agents. Between these local affiliates there is a global exchange or hub, with the local affiliates and the global hub being arranged in a hub-and-spoke arrangement. Introducing affiliates are responsible for handling customer accounts and information, and accepting orders. The global exchange is responsible for routing orders to one or more multiple foreign exchange liquidity banks to handle foreign exchange transactions to convert one currency into another. | 11-22-2012 |
20120296801 | AUTOMATED TRACKING AND REPORTING OF TRADER POSITIONS - A data collection application includes a collection document having a first code portion configured to format the document, at least one information input configured to receive an input wherein the at least one information input is defined by the first code portion, and a second code portion stored within the collection document and configured to include the information provided via the at least one information input. The data collection document further includes an archival routine configured to create a second collection document based on the second code portion and the information provided via the at least one information input. | 11-22-2012 |
20120296802 | Standardization and Management of Over-the-Counter Financial Instruments - A method of managing over-the-counter financial products is disclosed. The method includes receiving transaction parameters associated with an over-the-counter financial product, determining a standardized financial product that reflects the transaction parameters associated with the over-the-counter financial product; calculating a net position based on the difference between the standardized financial product and the over-the-counter financial product, and clearing the net position through a clearing party. | 11-22-2012 |
20120296803 | System and Method for Smart Hedging in an Electronic Trading Environment - A system and associated methods are provided for smart hedging in an electronic trading environment. According to one example method, a first order for a first tradeable object and a second order for a second tradeable object are placed based on a spread strategy. Upon receiving an indication that a quantity of the first order is filled, the method involves determining if the second order can be used to offset the quantity filled of the first order by determining if a price of the second order would result in achieving a desired spread price defined for the spread strategy. If the price results in the desired price, the second order is used to offset the quantity filled for the first order in an attempt to achieve the desired spread price. Other tools are provided as well. | 11-22-2012 |
20120303506 | System and Method for Auctioning in a Multiple Seller / Single Buyer Environment - A system and method for minimizing the purchase costs to a buyer of Units in a multiple seller/single buyer auction environment are described. The method includes presenting sellers of Units with a buyer's demand and an initial per Unit price offer. Seller(s) may accept the offer by transmitting a quantity of Units to be associated with the acceptance. If no acceptance of the offer is received, or the total acceptances are less than the demand, the per Unit price offer may be incrementally increased. As acceptances are received, the demand may be reduced by the quantities associated with the acceptances and the remaining demand published to the auction participants. The process continues until the buyer's demand is filled or a maximum per Unit price is reached. If a maximum per Unit price is reached before the demand has been filled, some embodiments may publish a “last call” per Unit price. | 11-29-2012 |
20120303507 | Interface for Electronic Trading Platform - An electronic trading platform provides a system and methods including an interface for presenting market data and receiving user input for entering orders to buy and sell financial instruments on an exchange. The interface includes an order entry window adapted to display price information relating to a financial instrument traded on the exchange. The price information is presented as a portion of price spectrum including all possible prices for the financial instrument. The portion of the price spectrum is presented within the order entry window in a first dynamic mode when operational focus is on an interface window other than the order entry window, and the portion of the price spectrum is presented within the order entry window in a static or partially static order entry mode when operational focus is on the order entry window. Orders to buy and sell the financial instrument are created by, among other things, selecting a price and a quantity to be included in the order to buy or sell the financial instrument. | 11-29-2012 |
20120303508 | METHOD AND SYSTEM FOR DETERMINING, CONTRACTING TO EXCHANGE, AND ACCOUNTING FOR MATCHED SETS OF OFFSETTING CASH FLOWS - Among other embodiments, methods and systems are disclosed for determining one or more sets of structured cash flows corresponding to a graph having one or more nodes corresponding to one or more exchange definitions or swap transactions. The net present value of a structured cash flow may be substantially zero, and may correspond to a maximum notional amount, a maximum flow, or a minimum cut. | 11-29-2012 |
20120303509 | SYSTEM AND METHOD OF IMPLEMENTING MASSIVE EARLY TERMINATIONS OF LONG TERMFINANCIAL CONTRACTS - A method of and system for terminating or assigning outstanding OTC derivative transactions between a plurality of financial institutions (banks). The system comprises: a processing station arranged to receive transaction data describing a plurality of transactions from a plurality of banks via the Internet. The processing station comprises: a linking module for linking different versions of the same transaction received from different parties to that transaction; an analysis module for determining a set of linked transactions between a plurality of different banks, wherein each bank has debts and claims towards other banks in the set; a calculation module arranged to calculate an aggregated value of each set of linked transactions and select the set of linked transactions which has an aggregated value within bank-specified tolerance limits acceptable for executing a termination; and an execution module for executing a termination or assignment of the selected set of linked transactions. | 11-29-2012 |
20120303510 | Derivative Products - Methods, systems and apparatuses are described for processing and clearing derivatives products with a digital outcome and a plurality of constituents. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., a change in credit rating of reference entities of the derivative product. As a result of price adjustments, cash flow may be generated between buyers and sellers (e.g., credit and debit to accounts). The derivative product may pay a percentage of a predetermined final settlement amount upon the triggering of a predetermined event in each of the constituents of the derivative product. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated. | 11-29-2012 |
20120303511 | METHOD AND SYSTEM FOR DETERMINING MARKET ESTIMATES WITH MARKET BASED MEASURES - A method and system for determining market estimates with market based measures. Market estimates for a set of time periods are received from plural qualified institutions that have agreed to a pre-determined set of regulations to participate in establishing, conducting business and processing transactions based on calculated market term estimates. A set of market term estimates (e.g., LIBOR, interest rates, etc.) is calculated in real-time for each time period in the set of time periods. The calculated set of market term estimates is sent to qualified institutions. The qualified institutions are required to conduct business and make transactions based on the calculated set of market term estimates. The calculated set of market term estimates is created and used on both cloud communication networks and non-cloud communications networks. | 11-29-2012 |
20120303512 | Transformation of a Multi-Leg Security Definition for Calculation of Implied Orders in an Electronic Trading System - An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for transforming a combination or strategy contract with an arbitrary number of buy and sell legs with an arbitrary volume ratio for each leg into a form that can be used for rapid implied order calculations. | 11-29-2012 |
20120303513 | Repositioning of Market Information on Trading Screens - As market conditions descend or ascend an axis of prices, the display of market information is repositioned, at a pre-determined rate if desired, around an item of interest. An item of interest may include the best bid price, the best ask price, the inside market, a moving average, a last traded price, a theoretical value, the result of an equation, or some other item of interest to the trader. According to the present embodiments, market information may be displayed in a region relative to an axis of prices, and when an event occurs, a repositioning signal is initialized causing the axis to be repositioned such that the item of interest is positioned at a pre-determined location in the region. The price axis can be repositioned at a fixed rate or at a dynamically variable rate. | 11-29-2012 |
20120310809 | Method for trading and clearing variance swaps - In accordance with the principles of the present invention, a method for trading and clearing a volatility or variance-defined, standardized derivative financial instrument is provided. A financial instrument in either volatility or variance terms is negotiated. The realized variance to date on an underlying of that derivative financial instrument is determined. After the derivative financial instrument is negotiated and the realized variance to date is determined, at least one centrally-cleared financial instrument with a price derived from the volatility or variance terms and the realized variance to date on the underlying of that derivative financial instrument is delivered. Thus, a financial instrument negotiated in either volatility or variance terms is substituted with an equivalent position in a standardized, centrally-cleared financial instrument. | 12-06-2012 |
20120310810 | METHOD AND SYSTEM OF ENTERING POSITIONS REGARDING SECURITIES - Entering positions regarding securities. At least some of the illustrative embodiments include: interacting by a trader with a physical device, the interacting sets purchasing power for entering positions regarding securities; and without further input by the trader selecting a plurality of securities from a preselected list of securities, the selecting based on one more indications for each security, and the selecting by a computer system; and entering a plurality of positions regarding the plurality of securities, the number and value of the plurality of positions limited by the purchasing power, and the entering initiated by the computer system. | 12-06-2012 |
20120310811 | SYSTEM AND METHOD FOR REDUCING CURVE RISK - A bond matching system receives positions from dealers identifying bonds to be matched and including the price value per basis point (PVPB) of the bonds and an indication of a percentage deviation from PVBP that the dealer is willing to accept in a matching bond. A matching engine performs a matching optimization during a run to match as many positions as possible and then calculates a series of hedge trades for each dealer to reduce the curve risk generated by matching with bonds having different maturity dates. The hedge trades are executed in a liquid external market such as a futures exchange. | 12-06-2012 |
20120310812 | Online Automated Software Application for Matching Investors and Traders to Create Risk Controlled Investment Accounts - A method for an Internet-based software application is used to match specific investors to specific traders and traders' systems by running a set of compatibility algorithms. The compatibility algorithms identify similar qualities between investors and traders and compiles a list of high-incidence matches. Such qualities for the investors include investment tendencies and risk-tolerance criteria, and such qualities for the traders include trading tendencies. The software application will allow a specific investor(s) and a specific trader to broker a trade agreement that will accommodate the requirements for both parties. The software application will also allow a specific investor to implement a risk management strategy, which can be done in, but not limited to, four embodiments: the risk-control embodiment, the risk-control-with-pooling embodiment, the risk-transfer embodiment, and the risk-transfer-with-pooling embodiment. | 12-06-2012 |
20120310813 | PASS THROUGH LIQUIDITY IN A MULTI-TIERED TRADING SYSTEM AND METHOD - The present invention generally relates to brokerage systems and methods, and more particularly, to a multi-tiered trading system and corresponding methods which allow multiple customers and multiple dealers to transact on a single platform while maintaining the distinction of an inter-dealer system and a dealer-customer relationship. | 12-06-2012 |
20120310814 | METHOD AND SYSTEM FOR FACILITATING COMMERCIAL PAPER FUNDING VIA A COMMUNICATION NETWORK - A central computer system facilitates organizations and individuals using a communication network to negotiate commercial paper terms and to offer, sell, and buy commercial paper notes. The fundraiser/issuer uses a user device interface to input information about funding needs and repayment terms of commercial paper he intends to issue. The system, or a user device itself, generates an interface used by a potential or actual buyer that generates, or receives, a funding offer, or counteroffer in response thereto, respectively. The system facilitates generating and transmitting legal documents in the form of commercial paper notes, offerings, and sales via the communication network. The funding facilitator system can manage authentication credentials of the issuer and potential buyers to facilitate determining that either party has bound themselves to an offer, counteroffer, or acceptance. Issuer's and potential buyers' devices can authenticate the funding facilitator to verify the authenticity of a document received therefrom. | 12-06-2012 |
20120310815 | METHOD AND SYSTEM FOR AUTOMATED TRANSACTION COMPLIANCE PROCESSING - A system for automated transaction compliance processing comprises a list server providing access to one or more lists of securities with trading restrictions and a rules engine which processes compliance requests to determine if, based upon the relationship between the requesting party and the company on behalf the compliance is being performed, the transaction is permissible. Compliance determinations are made using a set of predefined compliance rules. When a request is evaluated, a compliance rule set indicating which rules are to be evaluated at that time is generated in accordance with a party profile indicating the relationship between the party and the company. A message indicating whether the transaction complies with trading restrictions is then returned. | 12-06-2012 |
20120310816 | COMPUTERIZED METHOD FOR GENERATING AND MAINTAINING A LEVERAGED OR REVERSE EXCHANGE TRADED PRODUCT - A computer implemented method for maintaining a leveraged or reverse exchange traded product is provided which includes electronically monitoring, with a computer, a change in value of a product sold on an exchange, Electronic Communication Network (ECN), or Alternative Trading System (ATS); calculating, with a computer, a target number of options in the product required to provide a target return that is one of a multiple of a return of the product, a negative of the return of the product, or a negative multiple of the return of the product, and buying or selling options in the product to obtain the target number of options. | 12-06-2012 |
20120310817 | Methods, Systems and Computer Program Products for Providing Low Risk Portable Alpha Investment Instruments - Provided are methods of providing a portable alpha investment instrument. Some embodiments of such methods include allocating a first portion of a financial asset to a first asset class, allocating a second portion of the financial asset to a second asset class, establishing a swap transaction corresponding to the first portion of the financial asset, the swap transaction configured to define a minimum term corresponding to an asset status change, and transferring the first portion and the second portion of the financial asset responsive to the allocating. | 12-06-2012 |
20120310818 | System and Method for Providing a Linear Spread - A system and method for providing a linear spread in an electronic trading environment are described. According to one example embodiment, a trading system can receive market information associated to a trading strategy, known as a spread. The trader may also define a market volatility parameter to utilize in the calculation of a linear spread price axis. The received market information and a divide spread algorithm are also used to determine the linear spread price axis. The trading application determines a linear spread price axis, at which price levels are separated by consistent linear tick increments. The linear spread price axis allows for more efficient and effective trading in the electronic trading environment especially when certain tradeable objects are traded or when certain spread algorithms, like the divide spread algorithm, are utilized. | 12-06-2012 |
20120317010 | SYSTEMS AND METHODS FOR ROUTING TRADING ORDERS - Systems and methods are provided for routing trading orders. The system determines that a first trading entity disclosed to the trading platform a reserve quantity of a first trading order received from the first entity. The system determines that a second trading entity did not disclose a reserve quantity of a second trading order received from the second trading entity. The system receives a third trading order. Based on these determinations, the system preferences the first trading entity over the second trading entity in the routing of trading orders, e.g., by routing the third trading order to the first trading entity. | 12-13-2012 |
20120317011 | Generating Market Information Based On Causally Linked Events - Certain embodiments provide systems, apparatus, and methods to analyze incoming data messages and create market information constructs. An example method includes receiving a data message including an instruction to initiate a market event. The example method includes evaluating the instruction to determine whether it is associated with two or more causally linked market events. The example method also includes classifying the instruction based on the evaluating as part of a sequence of causally linked market events or as a single market event. The example method includes queuing the sequence of causally linked market events. The example method further includes detecting an end of the sequence of causally linked market events. The example method includes constructing a logically reduced market data message construct descriptive of the one or more market events represented by the queued sequence of causally linked events. | 12-13-2012 |
20120317012 | Methods And Apparatus For Optimizing The Distribution Of Trading Executions - The present invention relates to electronic trading of securities. In some embodiments, the present invention relates to methods and apparatus for optimizing the distribution of trading executions in an investor's accounts. Pursuant to some embodiments, as integer allocation algorithm is provided. | 12-13-2012 |
20120323752 | RISK ASSESSMENT - A clearing system comprising: a database for storing a plurality of accounts; and a risk manager for carrying out a risk assessment for a group of accounts comprising one or more accounts of said plurality of accounts; said risk manager being configured to update a risk assessment for a group of accounts each time the clearing system receives information about a new event affecting at least one account of said group of accounts. The event may be a new trade. The trade may be reported to the clearing system as soon as it has been settled. | 12-20-2012 |
20120323753 | CLEARING SYSTEM - A clearing system for clearing transactions associated with a plurality of accounts, the clearing system being configured to organise the plurality of accounts in at least three independent structures comprising a member structure, a user access structure and a risk calculation structure. The clearing system may further be configured to organise a plurality of members clearing through the clearing system and a plurality of users using the clearing system in a tree structure independent from said three independent structures. | 12-20-2012 |
20120323754 | APPARATUS AND METHODS FOR USE IN THE SALE AND PURCHASE OF ENERGY - A computing device for use with a power system is provided. The computing device includes a communication interface that is configured to receive energy data from at least one utility, wherein the energy data includes at least one of at least one quantity of energy and at least one energy price. A processor is coupled to the communication interface and programmed to generate at least one offer to purchase energy based on the energy data. A user interface is coupled to the processor and configured to enable at least one operator of at least one energy source to sell energy to the utility by responding to the offer to purchase energy. | 12-20-2012 |
20120323755 | SYSTEM AND METHOD FOR CREATING AND TRADING A DERIVATIVE INVESTMENT INSTRUMENT OVER A RANGE OF INDEX VALUES - An investment instrument based on a range of index values is disclosed that allows investors to take risk positions relative to the size, or length, of the range. The investment instrument has a monetary value that increases as the index value increases within a low range interval of the range, decreases as the index value increases within a high range interval of the range, and is fixed or capped if the index value falls within a middle range interval of the range. Typically, one settlement amount will be zero and the other will be an amount greater than the investment instrument price. | 12-20-2012 |
20120323756 | ELECTRONIC COMPLETION OF CASH VERSUS FUTURES BASIS TRADES - An electronic trading system is described herein. More specifically, the electronic trading system may relate to the substantially simultaneous trading of cash instruments and their related futures contracts for interest-rate related instruments. The electronic trading system may also be used to allow a user (such as a market maker or other suitable participant) to gauge his chance of success at completing both sides of a basis trade within a preferably pre-determined or pre-set interval, while knowing in advance the specific weighting algorithm that will be applied to the basis trade. The electronic trading system may also be used to allow a user to predetermine the exact weighting algorithm to be used on such a basis trade, and to adjust those preferences where necessary or desired. | 12-20-2012 |
20120323757 | System and Method for Trading Order Priority Levels in an Electronic Trading Environment - A system and method for trading order priority levels in an electronic trading environment are described. In one embodiment, a trader who is willing to have his order moved from a high priority level to a lower priority level in an order queue may advertise his willingness to do so, and other traders can place bids for the high priority level. In such an embodiment, for example, a bidder who places the highest bid or whose bid is received first may get the high priority level in the order queue in exchange for the paid fee. | 12-20-2012 |
20120323758 | METHOD FOR AGGREGATING INTELLECTUAL PROPERTY AND SERVICES IN AN EXCHANGE - The present invention relates to methods of aggregating and valuing intellectual property in a financial exchange. The present invention provides means whereby holders of intellectual property rights may sell, or license intellectual property to an aggregator and receive shares of stock or cash for the contribution based on the aggregated value of the intellectual property held by the aggregator. | 12-20-2012 |
20120323759 | Money Market Trading Platform - A money market trading platform provides institutional investors with comprehensive on-line analysis, account management, and on-line money market trading capabilities. An institutional investor's computer is connected via a communication network to a bank or broker's computer. The bank or broker's computer is connected via a communication network to a money market trading system or to a financial services, and stores information about the institutional investor and the accounts held in that investor's name. The trading platform allows institutional investors to log on, check account balances, transfer funds within accounts and from outside accounts, research money market investments, and purchase, redeem and exchange shares of money market funds. | 12-20-2012 |
20120330808 | EVENT-DRIVEN FINANCIAL TRADING METHOD AND SYSTEM - A system for creating event-driven financial transactions, which may include a data parser configured to receive large amounts of data from one or more sources pertaining to various indicators, such as economic indicators, a graphical user interface for receiving inputs from a user to build a transaction factoring in the value or change in value of a selected indicator, and a strategy engine for evaluating the transaction to determine whether to attempt to fill the order or take no action. The system may be used to create both standard and limit orders, and it may include a user-modifiable gradient display to allow the user to evaluate the relative likelihood of a proposed limit order. | 12-27-2012 |
20120330809 | EVENT-DRIVEN FINANCIAL TRADING METHOD AND SYSTEM - A method and system for creating event-driven financial transactions, which may include a data parser configured to receive large amounts of data from one or more sources pertaining to various indicators, such as economic indicators, a graphical user interface for receiving inputs from a user to build a transaction factoring in the value or change in value of a selected indicator, and a strategy engine for evaluating the transaction to determine whether to attempt to fill the order or take no action. The method and system may be used to create both standard and limit orders, and the system may include a user-modifiable gradient display to allow the user to evaluate the relative likelihood of a proposed limit order. The event or trigger may be related to the item to be traded, e.g., earnings per share of a stock to be traded, or may be substantially unrelated to the item, e.g., a change in a country's GDP. | 12-27-2012 |
20120330810 | Method and System for Real Estate Exchange and Investment - The present invention includes methods and systems of monetizing appreciation and improving fungibility of real property assets. Some embodiments of the present invention provide a method and system for establishing real estate units (RU) representative of the value of real property assets. The system includes a central server accessible via a network having a processor, software, random memory, and data storage hardware. The data storage hardware stores a database having data pertaining to a plurality of real estate assets and transforms the data to unitize real estate units reflective of the value by classifying the real estate assets into asset classes. Transformed data includes a saleable area of each property and an initial price for the real estate units based on the asset classes and saleable area. Accordingly, the server enables trading of the real estate units via the network. | 12-27-2012 |
20120330811 | SYSTEMS AND METHODS FOR ESTABLISHING FIRST ON THE FOLLOW TRADING PRIORITY IN ELECTRONIC TRADING SYSTEMS - A trading system transitions from a first state to a second state and may award a participant, when one or more criteria and/or a status of trading rights are met, with an exclusive and/or semi-exclusive right in the second state to trade on an incoming contra order. | 12-27-2012 |
20120330812 | EVENT-DRIVEN FINANCIAL TRADING METHOD AND SYSTEM - A method and system for creating event-driven financial transactions, which may include a data parser configured to receive large amounts of data from one or more sources pertaining to various indicators, a graphical user interface for receiving inputs from a user to build a transaction factoring in the value or change in value of a selected indicator, and a strategy engine for evaluating the transaction to determine whether to attempt to fill the order or take no action. One or more indicators may be used as transaction precursors, and an indicator change may be a precursor to one or more transactions. Transactions may be generated with respect to generally real-time market conditions or market conditions at some time distinct from the time the transaction request is received. The system also may allow the user to generate a warning system to alert the user to potentially undesirable trades. | 12-27-2012 |
20120330813 | Global Investment Grade for Natural and Synthetic Gems used in Financial Investments and Commercial Trading and Method of Creating Standardized Baskets of Gems to be used in Financial and Commercial Products - A process to create a fungible global standard for diamonds and gemstones. The process involves grouping diamonds in an investment standard according to their gemological, proportional, optical and light behavior characteristics. Diamonds that conform to the investment grade standard are interchangeable within a specific size range according to an equivalent monetary bundling process. Diamonds subjected to the standard conform to a holistic set of gemological, proportional, optical and light characteristic requirements that enables diamonds to be classified into a extraordinarily homogeneous, visually indistinguishable and highly fungible group which can be used to create baskets of diamonds to form an index/benchmark for diamond pricing, financial instruments, and a standard that can be used for certifying diamonds as investment grade to insure quality. | 12-27-2012 |
20120330814 | Live Alerts - Systems and methods for monitoring the trading of financial instruments are provided. Trading messages are received at a live alert server. The messages are analyzed with a set of predetermined limits and rules. When a predetermined limit or rule is violated, an email message is sent to a regulator or other trading entity. The email message may include a hyperlink that may be selected to generate a real-time report relating to the limit or rule. When hyperlink is selected, a query is sent to a query server where the real-time report is generated and transmitted back to the requesting party. | 12-27-2012 |
20120330815 | METHOD AND SYSTEM FOR POOLING, SECURITIZING, AND TRADING GLOBAL DIVIDEND AND INTEREST TAX RECLAIM ASSETS - Method and system for administering the pooling, securitizing, and trading of global dividend and interest tax reclaim assets during the reclamation process from concerned foreign government tax authorities, who are parties to a double taxation treaty. | 12-27-2012 |
20120330816 | Controlling Implied Markets During a Stop Loss Trigger - A system mitigates the effects of a market spike caused by the triggering and the election of a conditional order in an automated matching system. Conditional orders submitted to a trading engine are evaluated to compare a price of an order to a predetermined price range. Matching of the orders may be delayed when the price of the orders lies outside of the predetermined price range. An opening price to be used by the trading engine is derived and a time interval is used to delay a matching of the orders until the opening price is within a predetermined price range up to a maximum delay time set by a control center. Implied spreads are also removed until other instruments within a trading unit are verified open. | 12-27-2012 |
20120330817 | RISK MANAGEMENT SYSTEM AND METHOD FOR MONITORING AND CONTROLLING OF MESSAGES IN A TRADING SYSTEM - Methods and systems are disclosed for risk management in electronic trading where user messages are collected by at least one inspection engine which monitors one or more parameters of the user messages. The decision to manipulate the user messages is based on whether one or more of the parameters or a risk factor exceeds a predetermined range limit. The user messages are then transmitted to a trading engine where the user messages with manipulated parameters are rejected and the user messages with unchanged parameters are processed normally. By eliminating the need to maintain state with the message protocol of the user messages, the transport speed of such user messages is improved. | 12-27-2012 |
20120330818 | System And Method For Management And Analysis Of Electronic Trade Orders - A system and methods are provided for using order descriptor identifiers in relation to orders being used in trading strategies. According to one example method, when a hedge order is submitted upon detecting a fill of another order, the hedge order includes one or more order descriptor identifiers conveying a purpose of the hedge order to a user. The order descriptor identifiers can be used to search for desired orders and perform more effective order management and post trade analysis. | 12-27-2012 |
20130006826 | SYSTEM AND METHOD FOR PROVIDING SECURITY TO A GAME CONTROLLER DEVICE FOR ELECTRONIC TRADING - A system for managing electronic trading, comprises an interface application including a mapping module that defines a plurality of controller signal relationships. Each controller signal relationship associates one or more of a plurality of game controller signals with one of a plurality of trading system commands associated with the electronic trading of financial instruments. The interface application receives a plurality of game controller signals generated by a game controller, and determines, based on the controller signal relationships, that one or more of the plurality of received game controller signals are erroneous. The interface application causes the communication of a command to lock the game controller based on the determination of the one or more erroneous game controller signals. | 01-03-2013 |
20130006827 | GROUP BASED TRADING METHODS - The disclosure relates generally to methods of determining whether to engage in an open market based trade. More specifically, the disclosure relates to methods of formulating a consensus on whether to engage in an open market based trade, itself based on prior trade history of each trader and a ranking of each trader based on the trader's previous prediction in whether a trade will result in monetary gain. | 01-03-2013 |
20130006828 | SYSTEMS AND METHODS FOR OPEN EXECUTION AUCTION TRADING OF FINANCIAL INSTRUMENTS - In a computerized trading system, at least one passive order from a liquidity provider is placed on a book of orders. An order received from a liquidity consumer is held for a holding period. During the holding period the order from the liquidity consumer is checked and information relating to the received order from the liquidity consumer is sent to eligible ones of one or more liquidity providers. If, during the holding period, changes to the orders on the book of orders are made by the liquidity providers, those orders are modified on the book and the book of orders is revised. Upon expiration of the holding period, the order from the liquidity consumer is matched with orders that remain on the book after any revisions. | 01-03-2013 |
20130006829 | CREATION AND TRADING OF MULTI-OBLIGOR CREDIT DEFAULT SWAP-BACKED SECURITIES - A system, method, and computer program product are provided for the creation of enhanced securities. Enhanced bonds are backed by the security of a credit default swap contract without the need for separate purchase thereof. Building on this approach, multi-obligor securities can also be credit enhanced to provide a single security reflecting the position of the multi-obligor securities and a backing credit default swap contract. | 01-03-2013 |
20130006830 | Leg Pricer - An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. The tradable combinations may include spread orders where one leg of the spread has a different tick size than the other or where the tick of the spread contract is different from the tick size in one or both legs. A method and system for calculating on-tick leg prices in an equitable and predictable manner is provided. | 01-03-2013 |
20130006831 | ELECTRIC POWER SUPPLY SYSTEM - An electric power supply system includes: a distributed power supply which is disposed in at least one of a first power consumer; a power line which supplies the surplus power generated in the distributed power supply to at least one of a second power consumer; and a management device which manages the trade price of the surplus power supplied via the power line. The management device determines the trade price of the surplus power for following days on the basis of a prediction value for the amount of surplus power in the first electric power consumer unit and a prediction value for the amount of electric power consumption in the second electric power consumer unit over the following days. | 01-03-2013 |
20130006832 | COMPUTERIZED METHOD AND SYSTEM FOR SCALE TRADING - Disclosed embodiments include computer-implemented methods and systems that permit a market participant to automatically scale a block order into relatively smaller, incrementally priced scale trade component orders based on scale order parameters (such as price and size) provided by the market participant. The scale orders may continue automatically, without the need for further intervention from the market participant, until the total number of shares specified by the market participant is accumulated or sold. Some embodiments also permit the market participant to automatically submit opposite-side profit-taking component orders against the market participant's original scale order components. The profit-taking orders can be automatically created and submitted when the original scale order component has executed. | 01-03-2013 |
20130006833 | Console, System and Method for providing an Interface to a Financial Market Trading System or to a Financial Market Based Gaming System - The present invention is a console, system and method for providing an interface to a financial market trading system or to a financial market based gaming system. The invention enables the trader to trade on financial markets using an interface simulating known and popular games from the world of sports, arcade, games of chance, strategic games and the like. | 01-03-2013 |
20130006834 | METHODS AND SYSTEMS FOR DIRECTING AND EXECUTING CERTIFIED TRADING INTERESTS - One or more aspects comprise: (a) receiving confidential information that comprises data regarding first and second market participants; (b) receiving order and targeting parameters from said first participant; (c) receiving confidential trading interest information from said second participant; (d) identifying said second participant as a participant likely to take a contra side of said order; (e) routing said order to said second participant without revealing said first participant's identity or other confidential information regarding said first market participant, and wherein no information regarding said second participant or said confidential trading interest information received from said second participant is transferred to said first participant; and (f) producing a targeted dissemination list of market participants based on said confidential information and said order and targeting parameters, and wherein identifying a second participant that is most likely to take a contra side of said order is based on said dissemination list. | 01-03-2013 |
20130006835 | DEVICE, SYSTEM, AND METHOD OF GENERATING A CUSTOMIZED TRADE ARTICLE - Some embodiments include devices, systems and/or methods of generating a customized trade article. In one embodiment, a trade-article generator application is to receive trade information including a plurality of values of one or more trade-related parameters defining at least one trade with respect to at least one financial instrument, and to automatically generate a customized electronic trade article corresponding to the trade based on a predefined trade-article layout. Other embodiments are described and claimed. | 01-03-2013 |
20130006836 | MANAGING TRADING IN TRADING NETWORKS - A method and system for managing trading in trading networks. At least one trading network package is offered. Each trading network package is based on negotiations occurring prior to receiving purchase requests from customer members of the trading network. Each trading network package is configured to include: (i) a value-add service offering offered by the trading network to the customer members for a fee, (ii) a managed package for which a customer member of the customer members provides a volume commitment and for which actual purchases are tracked; or (iii) both the value-add service offering and the managed package. | 01-03-2013 |
20130006837 | System and Method for Selectively Displaying Market Information Related to a Plurality of Tradeable Objects - A graphical interface and method are provided for selectively displaying market information corresponding to a plurality of tradeable objects. According to one example method, a scanning feature is provided in relation to a number of tradeable object indicators. Upon detecting a predefined movement of a user input device in relation to the plurality of indicators, a graphical interface dynamically displays market information corresponding to the tradeable objects as a predefined movement of the user input device is detected in relation to the tradeable object indicators. | 01-03-2013 |
20130006838 | SYSTEM AND METHOD FOR DIRECT CLIENT ACCESS FOR MANAGEMENT OF SECURITIES TRANSACTIONS - A computer implemented system and method provides for transmission of a parent shell order of which no portion is placed for execution until a respective child order is obtained. The shell order can be received from a device of an exchange member on behalf of a member's customer and the child orders can be received directly from a device operated by the customer. | 01-03-2013 |
20130006839 | REPRICE-TO-BLOCK ORDER - A reprice-to-block order and related market center and process are disclosed which automatically reprice a posted limit order to the price of a block trade executed at an inferior price on a market away from the market center that posted the limit order. | 01-03-2013 |
20130006840 | Depository-Based Security Trading System - A system for protecting individuals (including institutions) involved in securities transactions has been created that utilizes an “independent” depository as an intermediary between a security owner and a brokerage firm. The inclusion of a depository is considered to protect the security owner from untoward actions on the part of the brokerage firm. The depository is used to “hold” the securities behalf of the owner. The security owners and brokerage firms must be registered with the depository and maintain accounts with the depository. All transactions involving the securities are still performed by the broker, but the requests are transmitted from the security owner to the depository, and the depository then relays messages regarding the transactions to the broker. Thus, the securities are only in the possession of the broker on a transaction-by-transaction basis. | 01-03-2013 |
20130006841 | System And Method For Optimizing The Frequency Of Market Information Updates In An Electronic Trading Environment - A system and method for optimizing the frequency of market information updates in an electronic trading environment are described herein. According to one example embodiment, by optimizing the frequency of market information updates, the burden on the client device to update the graphical user interface may be reduced, while still providing an accurate portrayal of the market to the user. An example method includes associating different precedence levels with messages comprising market information. Messages containing market information related to the inside market may be associated to a higher precedence level. Whereas messages containing market information relating to the quantities at prices outside the inside market may be associated with a lower precedence level. Based on the precedence level associated with a message, a client device may update the graphical user interface or the message may be stored in a data structure until a pre-defined condition is satisfied. | 01-03-2013 |
20130006842 | SYSTEM AND METHOD FOR CREATING AND FACILITATING THE TRADING OF A FOREIGN EXCHANGE DEFERRED SPOT PRODUCT - A computer implemented method and system for creating and facilitating the trading of a financial product. An order is requested by a first party for a first financial product from a second party, wherein the order is entered into an electronic computer trading system. An agreement is created by the second party with a third party to convert the first financial product into a second financial product. The first financial product is converted into the second financial product which is then cleared. The cleared second financial product is delivered to the second party and listed the on an exchange where it is traded. The first financial product may be a spot foreign exchange order that is converted, via an exchange of futures swaps, to the second financial product such as a foreign exchange deferred spot product. The financial product includes an interest rate pay/collect feature by way of Swap Points, which are expressed in terms of fractional parts of minimum price increments as a positive or negative number. A positive Swap Point reflects a credit for the Short Futures Position and a debit for the Long Futures position, and a negative Swap Point reflects a debit for the Short Futures Position and a credit for the Long Futures Position. | 01-03-2013 |
20130006843 | QUANTATIVE DIVIDENDS METHOD AND SYSTEM - A method of generating trading strategies, comprising the steps of: providing a system for generating trading strategies for dividend-based stocks, loading a first database containing basic information of stock and a second database containing financial information of stock into the system, computing maximum trading days of the stock, mapping of the first database and second database of the stock to a trading day and an alternative trading day, computing maximum number of trading pairs based on the maximum trading days of the stock, if trading long, computing historical returns for all trading pairs, computing buy/sell differences and actual trading dates and price of all trading pairs, if trading short, computing historical returns for all trading pairs, compute short/cover price differences and actual trading dates and price of all trading pairs, ranking a list of trading pairs based on one or more corresponding ranking criteria for trading long and trading short. | 01-03-2013 |
20130013481 | Computerised Method and System for Trading Credit Default Swap Combinations - A computerised trading system comprises a multi-instrument trading platform including a matching engine and a price feed. The matching engine trades credit default swaps as well as the reference instruments from which they are derived. A price feed generates a spot reference price for a leg of a CDS combination such as a roll or a tailor made switch. The price feed receives indicative pricing data from an external pricing source and uses this data to generate the spot reference price together with last trade data and best bid and best offer data for the reference instrument provided by the matching engine. | 01-10-2013 |
20130013482 | Methods for Post-Trade Allocation - A computer-implemented method for providing an allocation of a filled order made at a particular time, that involves receiving at least a price of a filled order made at a later time; generating a starting allocation across multiple managed accounts based at least in part on allocation factors of each of the multiple managed accounts; generating at least one additional allocation based at least in part on the starting allocation; determining a closest-fitting allocation according to a metric from amongst the starting allocation and the at least one additional allocation, the metric being based at least in part on the price of the filled order made at the later time and on a price of the filled order made at the particular time; and outputting the closest-fitting allocation. | 01-10-2013 |
20130013483 | SYSTEMS AND METHODS FOR MULTI-CURRENCY TRADING - A multi-currency interface: presents, to at least one customer wishing to trade in a customer currency, a view of orders currently residing on the trading exchange in the customer currency; receives an order, from the at least one customer, denominated in the customer currency; and, if the customer currency is not the same as the exchange quoted currency, calculates a conversion rate from the customer currency to the exchange traded currency, based upon FX index prices, and generates an exchange order, denominated in the exchange quoted currency, corresponding the to the received order from the customer. | 01-10-2013 |
20130013484 | SYSTEM AND METHOD FOR FACILITATING A WIRELESS FINANCIAL TRANSACTION - A method for executing a wireless trade is provided that includes communicating with a handheld device via a wireless network and sending and receiving financial information to and from the handheld device. The financial information is associated with a trade that can be initiated by the handheld device. The method also includes authorizing the handheld device through location data, which is associated with a location of the handheld device, before executing the trade. | 01-10-2013 |
20130013485 | EVALUATION AND ADJUSTMENT OF SETTLEMENT VALUE CURVES - Disclosed is a method that is useful in connection with providing discount factors for an exchange-traded mark-to-market derivative product that has a variable tick rate, such as an interest rate swap product. In some embodiments, the method includes providing a series of consecutive settlement values, which collectively represent a settlement value curve for the derivative product. The curve is evaluated by determining, for each consecutive pair of settlement values, whether the difference between the first settlement value in the pair and the second settlement value in the pair exceeds a threshold. The threshold represents the value at which a discount factor derived from said pair of settlement values, in conjunction with other parameters, would be negative. In other embodiments the disclosed invention encompasses an apparatus and a computer-readable medium. | 01-10-2013 |
20130013486 | Method and System for Predicting Solar Energy Production - A method for hedging energy sales or purchases in a short-term future or day-ahead market includes determining an historical performance of a regional net energy forecasting methodology for a facility or facilities which have solar energy generating systems in a geographical region. The method further includes estimating a difference between the maximum cost of energy in a spot market and an energy trader's minimum price of energy for each hour bid in the short-term future or day-ahead market, determining a risk factor associated with energy sales or purchases from the historical performance and the estimated difference, and purchasing or selling options to buy energy at the previous day's day-ahead market price based on the determined risk factor. | 01-10-2013 |
20130013487 | MICRO AUCTION - A method and an electronic trading system is disclosed for processing orders in a series of intervals. Receiving means of the electronic trading system receives orders in electronic messages via a communications network during a series of intervals, and processing means of the electronic trading system processing each order after the end of an interval during which the order was received. The length of the intervals of the series of intervals is selected by the processing means to vary between consecutive intervals. | 01-10-2013 |
20130018768 | PRICING CASH SETTLED ON-THE-RUN TREASURY FUTURES CONTRACTSAANM Sturm; FrederickAACI ChicagoAAST ILAACO USAAGP Sturm; Frederick Chicago IL USAANM Boudreault; JamesAACI PalatineAAST ILAACO USAAGP Boudreault; James Palatine IL USAANM Grombacher; DanielAACI EvanstonAAST ILAACO USAAGP Grombacher; Daniel Evanston IL USAANM Winkler; JulieAACI NapervilleAAST ILAACO USAAGP Winkler; Julie Naperville IL US - The disclosed embodiments relate to determining a listing date, an expiration date and the cash settlement price of a futures contract, i.e. a Treasury Futures, for the delivery of the most recently issued, referred to as an on-the-run, US treasury Note of a particular maturity by reference to the U.S. Treasury Auction cycle and the difference between a resultant industry surveyed swap rate and a resultant industry surveyed swap spread of the respective tenors (time remaining until maturity) of the on-the-run treasury futures. | 01-17-2013 |
20130018769 | LISTING AND EXPIRING CASH SETTLED ON-THE-RUN TREASURY FUTURES CONTRACTSAANM Boudreault; JamesAACI PalatineAAST ILAACO USAAGP Boudreault; James Palatine IL USAANM Wiley; JohnAACI New YorkAAST NYAACO USAAGP Wiley; John New York NY USAANM Sturm; FrederickAACI ChicagoAAST ILAACO USAAGP Sturm; Frederick Chicago IL USAANM Kronstein; JonathanAACI ElmhurstAAST ILAACO USAAGP Kronstein; Jonathan Elmhurst IL USAANM Spain; SuzanneAACI ChicagoAAST ILAACO USAAGP Spain; Suzanne Chicago IL USAANM Barker; PeterAACI ChicagoAAST ILAACO USAAGP Barker; Peter Chicago IL US - The disclosed embodiments relate to determining a listing date, an expiration date and the cash settlement price of a futures contract, i.e. a Treasury Futures, for the delivery of the most recently issued, referred to as an on-the-run, US treasury Note of a particular maturity by reference to the U.S. Treasury Auction cycle and the difference between a resultant industry surveyed swap rate and a resultant industry surveyed swap spread of the respective tenors (time remaining until maturity) of the on-the-run treasury futures. | 01-17-2013 |
20130018770 | VARIABLE EXPOSURE CONTRACTAANM Co; RichardAACI ChicagoAAST ILAACO USAAGP Co; Richard Chicago IL USAANM Youngren; SteveAACI ElginAAST ILAACO USAAGP Youngren; Steve Elgin IL USAANM Wiley; JohnAACI New YorkAAST NYAACO USAAGP Wiley; John New York NY USAANM Boberski; DavidAACI WestportAAST CTAACO USAAGP Boberski; David Westport CT USAANM Labuszewski; JohnAACI WestmontAAST ILAACO USAAGP Labuszewski; John Westmont IL USAANM Nyhoff; JohnAACI DarienAAST ILAACO USAAGP Nyhoff; John Darien IL US - The disclosed embodiments relate to a futures contract, the value of which is based on the value of the underlying asset multiplied by a variable multiplier value which is based on a variable parameter. | 01-17-2013 |
20130018771 | LOGGED DERIVATIVE CONTRACTAANM Co; RichardAACI ChicagoAAST ILAACO USAAGP Co; Richard Chicago IL USAANM Youngren; SteveAACI ElginAAST ILAACO USAAGP Youngren; Steve Elgin IL USAANM Wiley; JohnAACI New YorkAAST NYAACO USAAGP Wiley; John New York NY USAANM Boberski; DavidAACI WestportAAST CTAACO USAAGP Boberski; David Westport CT USAANM Labuszewski; JohnAACI WestmontAAST ILAACO USAAGP Labuszewski; John Westmont IL US - The disclosed embodiments relate to creation and administration by automated means of Logged derivatives contracts. These contracts, e.g. a futures contract or “over the counter” (OTC) derivative, are cash-settled derivatives based on, and quoted by reference to, the natural logarithm of the value of the underlying product, e.g., the S&P 500. | 01-17-2013 |
20130018772 | SYSTEMS AND METHODS FOR ESTABLISHING FIRST ON THE FOLLOW TRADING PRIORITY IN ELECTRONIC TRADING SYSTEMS - Various systems and methods are provided for enabling one or more participants in an electronic trading system to have exclusive trading privileges. When one or more criteria and/or a status of trading rights are met, a trading system may award a participant with trading priority to trade on an incoming contra order. The participant may also have an associated order modified as a result of an incoming contra order and/or be caused to automatically trade on an incoming contra order. | 01-17-2013 |
20130018773 | ORDER MATCHINGAANM Edvardson; Hannes JorgenAACI UppsalaAACO SEAAGP Edvardson; Hannes Jorgen Uppsala SE - The disclosure relates to an automated trading system, comprising an interface for receiving a plurality of orders comprising bid orders and ask orders and a trading module for matching the bid orders and the ask orders, the trading module comprising a memory for storing the plurality of orders, a subset sum module configured to find the subset sums of the bid orders and the subset sums of the ask orders of the plurality of orders, and an order matching module for matching a combination of bid orders to a combination of ask orders based on the subset sums for the bid orders and the subset sums of the ask orders. | 01-17-2013 |
20130018774 | SYSTEMS AND METHODS FOR PROVIDING ENHANCED VOLUME-WEIGHTED AVERAGE PRICE TRADING - Systems and methods for providing trading using an eVWAP price in an illiquid market are provided. In an illiquid market there may be little or no actual trades. During a trading period, the eVWAP price is therefore determined from not only trades, but also unmatched bids and offers. The eVWAP price is determined when new information becomes available or at a specified time interval. The final eVWAP price is determined when the sampling period ends. Once the final eVWAP price is determined, the value of the final eVWAP price is published for use as a price to settle a contract. | 01-17-2013 |
20130018775 | System and Method for Preventing Cross Trading - Information regarding the current state in the market is used to prevent orders from crossing. In an example provided herein, when an order is entered into a market, information regarding current positions in the market is taken into account to determine whether the order will cross with other orders. If the orders would cross, appropriate action is taken to prevent the crossing of orders in a way suitable for the person or persons trading. The teachings described herein may be used for any reason to prevent orders from crossing. Moreover, they may be used in other areas of trading to assist the trader in obeying any other rule or regulation that might involve analyzing current positions in the market before taking action. | 01-17-2013 |
20130024344 | BIFURCATED COMMODITY IDENTIFIERS - Novel systems and methods for selectively listing a commodity under one or more different commodity codes are provided. A single commodity may be selectively listed under different commodity codes based upon whether it is offered on an opening or closing basis. The commodity may be an Interest Rate Swap (IRS). It may be matched with bids according to a fixed rate variable when listed under the first code. The same commodity may then be listed on the same exchange under a second commodity code. In one embodiment, the commodity listed under the second commodity code may be matched with bids according to a different variable, such as, for example, a currency amount. In one implementation, the currency amount of the second variable may represent a non-par payment. | 01-24-2013 |
20130024345 | Interest Accrual Provisions For Multi-Laterally Traded Contracts - In the context of multi-laterally traded contracts, a method may be invoked in the event that payments denominated in a particular currency that are required in satisfaction of the contractual obligations of the contract cannot be made. Payments may be deferred for a specified number of business days or until such time as commercially practicable. Unpaid payments due may accrue interest and/or penalties at rates as determined by a governing body. | 01-24-2013 |
20130024346 | Modification of Multi-Laterally Traded Contracts Based on Currency Unavailability Condition - A type of multi-laterally traded contract may designate a primary currency and a secondary currency. The primary currency may be used for settlement and/or other payment obligations in connection with instances of the contract type. Under certain conditions, however, authorization may be given for settlement and/or payment of at least some obligations using an equivalent amount of the secondary currency. | 01-24-2013 |
20130024347 | Multi-Laterally Traded Contract Settlement Mode Modification - Stored data may define a multilaterally-traded contract type and specify final settlement of contracts conforming to the contract type by delivery of a defined quantity of a commodity. Additional data may be received, which additional data may indicate potential invocation of an alternate cash settlement mode for a plurality of contracts. Each contract of the plurality may be a contract conforming to the contract type. Further data may be received, with the further data indicating the alternate cash settlement mode is invoked for a group of contracts. The group may be all of the contracts of the plurality or a sub-portion of the plurality. Data may be transmitted to indicate cash final settlement of each contract of the group by payment of a cash settlement value instead of by delivery of the defined quantity of the commodity. | 01-24-2013 |
20130024348 | PARTICIPATION SYSTEMS AND METHODS - A computer-implemented method and system is used for formation on an electronic exchange of a wide range of contractual relationships between a holder of rights or other assets and acquirers of rights and liabilities associated with such assets based on segregated asset participation units. Such parties to the contractual relationships can equally be individuals or business entities in any combination. Furthermore, in some circumstances, the terms of the contractual relation are defined by a sponsor who defines the terms and in some instances provides or arranges for services that are referenced in the contractual terms. | 01-24-2013 |
20130024349 | METHOD FOR TRADING STOCKS - The present invention provides a trading system with very high percent success rate in market by means of minimizing the risk. This invention provides an easy and simple-to-use system for swing trading. This system is automated and based on an algorithm which uses the end of the day data for particular financial instrument to generate buy/sell signals for selected stocks. These signals provide the precise entry and exit points in the markets for those particular stocks. The signals come with a small stop loss to ensure safety of the investment. The system provides three exit levels to ensure that the investment risk is minimized and profit is reaped. | 01-24-2013 |
20130024350 | METHOD AND SYSTEM FOR REBROKERING ORDERS IN A TRADING SYSTEM - Systems and methods are described herein for supporting the trading of bonds in a computerized system using broker dealers as intermediaries. Broker dealers receive orders relating to particular transactions and have the option to accept the order by submitting a matching counter order, or to rebroker the order with the same or modified terms to a number of other investors or additional broker dealers. The additional broker dealers have similar options, thus providing a system wherein orders can be quickly proliferated to a large number of parties. This order proliferation can be fully or partially automated through the use of predefined rules stored in a database which dictate for each broker dealer whether, to whom and under what terms to rebroker orders. When an order is received, the system processes all such rules to output a set of orders which are then communicated to the corresponding parties. | 01-24-2013 |
20130024351 | SYSTEM AND METHOD FOR MANAGING TRADING ORDERS WITH DECAYING RESERVES - A system comprises a memory operable to store a trading order for a particular quantity of a trading product, wherein a first portion of the particular quantity is a displayed quantity and a second portion of the particular quantity is a reserved quantity. The system further comprises a processor communicatively coupled to the memory and operable to disclose the displayed quantity to one or more market centers. The processor is further operable to identify a decay rate associated with the trading order. The processor is further operable to cause the reserved quantity to decay based at least in part on the identified decay rate. | 01-24-2013 |
20130024352 | Trading System - A Computer apparatus configured to process transactions in fungible assets on behalf of account holders on a client controlled, order by order basis, via account controlled and configured private books of business and public books, as well as proactively route public orders to external venues based on analysis of account-specific best execution configurations including venue cost assignments and account-specific venue routing parameters. | 01-24-2013 |
20130024353 | INTERVAL PRICE LIMIT - Systems and methods of limiting price movement of a financial instrument include establishing, via an exchange server comprising at least one matching engine module, an interval price limit (IPL) period that defines a predetermined length of time commencing at a start time, and an IPL amount that defines a permissible increase or decrease in an anchor price of a financial instrument during the IPL period. Buy and sell orders received for the financial instrument during the IPL period are matched to generate at least one matched trade having a trade price. The trade price is compared to the anchor price, and if the trade price is within the IPL amount of the anchor price, the matching engine module executes the at least one matched trade. Otherwise, if it is not, the matching engine module is prevented from executing the matched trade. | 01-24-2013 |
20130024354 | System And Method For Facilitating Unified Trading And Control For A Sponsoring Organization's Money Management Process - An embodiment of the present invention provides a system, method, process, software and standards that enable a unified trading and control process utilized by sponsoring organizations and asset managers (money managers) for sub advised or externally managed investment portfolios as to increase control over the trading process by a sponsoring organization, enhance regulatory compliance, substantially lower trading costs and improve investment performance on a recurring basis for the shareholders and beneficiaries investing in registered and non registered mutual funds and institutional investment portfolios. | 01-24-2013 |
20130024355 | System and Method for Displaying Risk Data in an Electronic Trading Environment - An example graphical interface and method for displaying risk related data are described. One example graphical interface includes a data structure comprising a plurality of data nodes and at least one risk data point associated with each node, and further comprises a display grid. The display grid includes one or more cells that are used for displaying selected data nodes and risk data points. Each cell may be associated with a single data node, and may include one or more identifiers corresponding to risk data points of the data node. In one example embodiment, the identifiers are aligned along a single axis, and risk related data corresponding to each identifier is aligned with respect to each corresponding identifier. | 01-24-2013 |
20130024356 | System And Method For Communicating With An Electronic Exchange In An Electronic Trading Environment - System and methods for a connection proxy server are described. According to an example method described herein, a connection proxy server stores subscription, product tables as well as other downloads that are provided to a client terminal during initialization stage as well as later during a trading session. Upon detecting that a connection between the client terminal and a gateway is lost, the connection proxy maintains a communication session created for the client terminal at the gateway and receives data intended for the client terminal. If the connection is re-established between the client terminal and the gateway during a predetermined period of time, the connection proxy provides the stored data to the client terminal thus avoiding a surge in processing resources at the gateway due to the necessary downloads. | 01-24-2013 |
20130024357 | Distribution Of Electronic Market Data - A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial. | 01-24-2013 |
20130030974 | DEVICE AND METHOD FOR AUTOMATICALLY ALLOCATING AND TRANSFERRING FUNDS IN AN ACCOUNT - A device including a processor which automatically allocates and transfers funds in a sweep account between a primary on-balance demand account and one or more off-balance accounts in a manner which assists the bank in maintaining an optimal liquidity profile and capital structure. The device is adapted to prepare and analyze current data pertaining to the liquidity profile and capital structure of a bank and compare this data to predetermined reference values stored in data storage means of the device. The device has an allocation unit which utilizes an algorithm in order to allocate an amount of funds to transfer between an on-balance account and one or more off-balance accounts which will provide an optimal liquidity profile and capital structure for the bank. | 01-31-2013 |
20130030975 | SYSTEMS & METHODS FOR EVALUATION OF ARTICLES OF COMMERCE - The invention is directed to systems and methods for indicating volatility adjusted price information for at least one article of commerce or market therefore, and various tools for providing valuation indicators for both current and historical price activity in terms of valuation rather than absolute price. The invention provides users indicators which quantify the degree in which a market is currently trading at fair value, overvalued or undervalued conditions using enhanced tools. | 01-31-2013 |
20130030976 | SYSTEMS AND METHODS FOR PRICE EVALUATION OF ARTICLES OF COMMERCE - The invention is directed to systems and methods for indicating volatility adjusted price information for at least one article of commerce or market therefore, and various tools for providing valuation indicators for both current and historical price activity in terms of valuation rather than absolute price. The invention provides users indicators which quantify the degree in which a market is currently trading at fair value, overvalued or undervalued conditions using enhanced tools. | 01-31-2013 |
20130030977 | System and Method for Improved Distribution of Market Information - A data distribution system and method are described herein to improve the distribution of market information to subscribing client devices. Market information updates are provided to subscribing devices over a communication link every time a change in the market occurs. If a bandwidth limitation is reached on the communication link, the preferred embodiments switch to a second mode of transmission such that the market information updates are provided only at predetermined intervals. The preferred embodiment monitors the bandwidth consumption to determine what mode of transmission to apply, and in response, it can dynamically change between modes of transmission. By dynamically adjusting the mode of transmission to comport with the current network bandwidth, the preferred embodiments may provide a network friendly, data intensive, and fast response market information feed. | 01-31-2013 |
20130030978 | METHOD AND SYSTEM FOR SECURITIZING A CURRENCY RELATED COMMODITY - Systems and methods for providing a tradable (e.g., exchange-listed) instrument by securitizing foreign currency using a foreign currency trust or other special-purpose vehicle that is established to hold one or more particular foreign currency and to issue foreign currency trust shares and/or receipts corresponding to the value of the foreign currency(s) held by the Trust. The foreign currency trust shares may represent a proportional interest in the Trust and/or the foreign currency held by the trust. The Trust may include one or more Trust accounts to receive and store the foreign currency deposited with the Trust. The Trust can operate to receive an investment amount in a first currency and provide shares or Trust receipts having a value in a second currency. The shares or receipts of the trust can be listed, quoted, and traded on a trading system. | 01-31-2013 |
20130030979 | METHOD AND APPARATUS FOR DISPLAYING MARKET DEPTH AND OTHER INFORMATION ON A MOBILE PHONE, HANDHELD DEVICE, OR COMPUTER SYSTEM - An exemplary system according to the present disclosure comprises a server system (comprising one or more computing devices) that is in communication with one or more financial exchange systems and one or more data source computer devices (e.g., news sources). Also in communication with the server system are one or more mobile communication devices. The server system comprises a memory and a processor executing software that enables the server system to receive live market data and information from one or more of the financial exchange systems and the data source computer devices; aggregate and filter the data and information; according to one or more pre-set user preferences and/or one or more user-initiated commands; and transmit the aggregated/filtered data and information to one or more mobile communication devices via one or more live data feeds. The mobile communication device displays aggregated/filtered information in a single, interactive GUI. | 01-31-2013 |
20130030980 | Method and System for Providing Option Spread Indicative Quotes - A computer network and method for electronically trading combinations of derivatives. One preferred method of trading includes providing quotes information to a central server, and determining indicative quotes for combination trades, and providing the non-binding, indicative quotes to market participants (which typically includes subscribers, but may also include market makers). A participant may then submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market Makers may then elect to submit a binding quote for the corresponding derivative combination. Market participants may then elect to enter a binding order. | 01-31-2013 |
20130030981 | Stock Market Prediction Using Natural Language Processing - A method of using natural language processing (NLP) techniques to extract information from online news feeds and then using the information so extracted to predict changes in stock prices or volatilities. These predictions can be used to make profitable trading strategies. Company names can be recognized and simple templates describing company actions can be automatically filled using parsing or pattern matching on words in or near the sentence containing the company name. These templates can be clustered into groups which are statistically correlated with changes in the stock prices. The system is composed of two parts: message understanding component that automatically fills in simple templates and a statistical correlation component that tests the correlation of these patterns to increases or decreases in the stock price. The methods can be applied to a broad range of text, including articles in online newspapers such as the Wall Street Journal, financial newsletters, radio & TV transcripts and annual reports. In an enhanced embodiment of the system statistical patterns in Internet usage data and Internet data such as newly released textual information on Web pages are further leveraged. | 01-31-2013 |
20130030982 | Model-Based Selection Of Trade Execution Strategies - Effective selection of trade execution strategies using a multi-dimensional model is disclosed. A relationship exists between order difficulty and execution strategy. Execution strategy depends on order difficulty, and order difficulty has many dimensions. The multi-dimensional model classifies trade orders according to the dimensions, and then maps these classified trade orders into suitable execution strategies. For each trade order, one or more appropriate strategies are automatically selected and presented to the trader to assist the trader in making an informed and timely decision. | 01-31-2013 |
20130036039 | SYSTEM FOR MARKET HEDGING AND RELATED METHOD - A system includes a data collection module that collects data for a plurality of fuels. A selection module selects fuels from the plurality of fuels based on the properties of the fuels to generate sets of fuels. A benchmark generating module that generates fuel commodity benchmarks indicating aggregate qualities of the sets of fuels. A fuel commodity benchmark for a set of fuels is generated based on weighted averages of the properties of the fuels in the set of fuels. A communication module communicates the fuel commodity benchmarks to traders and that receives orders for derivatives contracts from the traders based on the fuel commodity benchmarks. An order processing module processes an order for derivatives contracts based on differences between actual properties of the fuel to be physically delivered under the terms of an operative derivatives contract and the aggregate qualities indicated by an operative fuel commodity benchmark. | 02-07-2013 |
20130036040 | METHOD AND SYSTEM FOR FINANCING THE GRADUAL ACQUISITION OF QUOTAS OF AN ESTATE - A method for implementing a gradual acquisition plan on the part of a purchaser of an estate which is registered in the name of a legal entity represented by quotas; the quotas are transferred by the bank, owner of the legal entity holder of the estate, to the purchaser, according to a certain gradual reacquisition plan; the method includes reacquisition phases on the part of said purchaser of quota or portions of it through the payment, to the bank, of monthly installments, each including the quota value and relative interest; said quotas can be exchanged by an electronic system in order to exchange the estate with another property by mean their respective legal entity. | 02-07-2013 |
20130036041 | System and Method for Order Placement in an Electronic Trading Environment - A system and associated methods are provided for intelligent placement and movement of orders in an electronic trading environment. According to one example method, in addition to submitting a leg order at a calculated price level, additional orders, queue holder orders, are submitted for the leg order at prices either below or above the calculated price level. Based on this configuration, if the conditions change such that it is necessary to re-price the leg order, there will be already an order resting in the exchange order book at the re-calculated price that can be used in the strategy. Upon re-pricing the leg order, one or more additional queue holder orders will be placed in the market. Other tools are provided as well. | 02-07-2013 |
20130041799 | Pricing a Forward Rate Agreement Financial Product Using a Non-Par Value - Computer readable media, methods, and apparatuses may be configured for processing a yield of a first financial instrument, determining a single floating rate payment based on the yield, determining a single fixed rate payment based on a fixed interest rate, determining a present value of the single floating rate payment, determining a present value of the single fixed rate payment, and generating a quote for a forward rate agreement index financial product as a function of the present value of the single floating rate payment and the present value of the single fixed rate payment. | 02-14-2013 |
20130041800 | DYNAMIC PRICE IMPROVEMENT - A system and method is provided to enable traders to price improve on an item at an amount less than a predetermined pricing increment. Traders can improve on the price of the item using different price improvement levels (e.g., four different levels). Dynamic price improvement enables a dynamic order to maintain a predetermined position in a trading stack relative to other orders in the stack. The dynamic order may maintain its position in the trading stack by adjusting (e.g., increasing or decreasing) its price improvement level depending on market conditions. For example, a dynamic order may increases its price improvement level such that it stays at least one level ahead of the next best order in the trading stack. If the level cannot be further increased, the dynamic order may use its timestamp to maintain its position in the stack. | 02-14-2013 |
20130041801 | Selective Suppression of Implied Contract Generation - An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for suppression of the calculation and/or subsequent listing of an implied order when the order is either undesired or unnecessary in the market therefore. | 02-14-2013 |
20130041802 | Derivative Products - Systems and methods are described for processing and clearing derivatives products with a binary outcome and having a final settlement based on a triggering event. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., the credit rating of a reference entity. As a result of price adjustments, cash flow may be generated between buyers and sellers. The derivative product may pay a predetermined final settlement amount or percentage upon the triggering of a predetermined event. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated. | 02-14-2013 |
20130041803 | METHOD FOR AGGREGATING AND VALUING INTELLECTUAL PROPERTY IN AN EXCHANGE - The present invention relates to methods of aggregating and valuing intellectual property in a financial exchange. The present invention provides means whereby holders of intellectual property rights may sell, or license intellectual property to an aggregator and receive shares of stock or cash for the contribution based on the aggregated value of the intellectual property held by the aggregator. | 02-14-2013 |
20130041804 | System and Method for Activity Based Margining - A system and method for factoring in a trader's trading activity into the margin requirements is disclosed. In the securities arena, day traders are assessed different margins than non-day-traders, however, the specific profile of the trader is analyzed (that is, the same rule applies to all day traders). | 02-14-2013 |
20130041805 | FINANCIAL PRODUCTS BASED ON A SERIALIZED INDEX - A method for trading financial instruments includes listing, by an electronic financial exchange, financial instruments that specify which version of a serialized index the financial instrument tracks; receiving, by the electronic financial exchange, an electronic, indication to buy or sell the financial instrument; executing, by the electronic financial exchange, a trade involving the financial instrument; and settling the financial instrument according to the version of the serialized index specified by the financial instrument | 02-14-2013 |
20130046671 | WEBSITE FOR ACCUMULATING ORDERS OF FINANCIAL COMMODITIES AND INSTRUMENTS - A website serves for accumulating orders of financial commodities and instruments. By order accumulation of financial commodities and instruments, a large amount of orders from the investors are accumulated and then by these orders, the investors have the right to negotiate with the financial institutions. Since the amount of the orders is large, the financial institution must increase its services and reduce the fees. The order accumulation of financial commodities and instruments is deemed as a fixed business model with a great coverage. The great amount of the orders will cause the investors to have more profits. The investors of the orders could contract with several financial institutions so as to have joint services from the financial institution. Moreover concept of network center bank currency is disclosed for unifying different kinds of currencies. Thus, the cost for currency exchanging of international business can be reduced. | 02-21-2013 |
20130046672 | SYSTEM FOR MANAGING CONSTRUCTION PROJECT BIDDING - A system is disclosed that facilitates construction project bidding over a computer network. In one aspect, a construction project supervisor system may verify one or more aspects of bidder information before bidding. A bidder may submit payment information, an electronic mail address, and a telephone number to be verified. Verification may include utilizing the payment information to process a payment, and/or sending a verification code to the electronic mail address and/or telephone number. In one embodiment, the issuance of a bid bond associated with the prospective bid may be required to complete the verification process. | 02-21-2013 |
20130046673 | Securitization System and Process II - An investable product is designed, created and managed comprising a number of shares outstanding subject to a mandatory stock split or reverse stock split at the close of every trading period. An account comprising the investor share balance is configured to display on a daily basis the original share balance owned through the calculation of a factor. The product comprises an adjustable stop loss feature that provides investors with the opportunity to automatically reinvest their capital if they are stopped out. When the shares are held for one day or longer, a leveraged return is obtainable with no price path dependency or leverage drift. | 02-21-2013 |
20130046674 | SYSTEMS AND METHODS FOR ELECTRONICALLY INITIATING AND EXECUTING SECURITIES LENDING TRANSACTIONS - Systems and methods are provided for conducting securities lending transactions using an electronic trading platform. In accordance with an implementation, the electronic trading platform receives, from a trader, information identifying initial terms of a transaction to lend or borrow shares of a security. The electronic trading platform may generate an instruction to broadcast the initial terms to one or more counterparties, and may subsequently facilitate negotiations between the trader and the one or more counterparties for terms of the transaction. The electronic trading platform may execute the transaction in accordance with the negotiated terms. | 02-21-2013 |
20130046675 | System and Method for Assigning Responsibility for Trade Order Execution - An embodiment of the present invention provides a system and method for a sponsoring organization to: (1) utilize a rules-based computer system to capture trade orders from sub-advisors (money management firms) in order to implement a pre trade compliance review process, thereby enabling the sponsoring organization to prevent the execution of trade orders by a sub advisor that violates securities laws and/or account restrictions; and (2) determine and assign, based on expected market impact of a trade order to buy or sell securities, whether responsibility (discretion over the decisions related to how, when and with whom a trade order is executed) for executing the trade order is assigned to the money management firm for an investment portfolio or to the sponsoring organization of that portfolio. Trade orders are categorized in real-time as “high touch” (significant effort and market impact) or “low touch” (insignificant effort and market impact). | 02-21-2013 |
20130046676 | METHOD AND SYSTEM FOR TRACKING DERIVATIVES POSITIONS AND MONITORING CREDIT LIMITS - A derivatives position tracking system that consists of a centralized trading engine with a trade history database capable of communication with a plurality of counterpart computers via a network to enable the execution of a derivatives transaction. The trading engine and counterpart computers enable the counterpart computers to initiate, unwind and assign requests. Upon execution of a tear-up or assignment, a record of such transaction is stored in the trade history database. Whether or not the tear-up or assignment is executed with the original counterpart, the original counterpart receives a notification of the tear-up/assignment and a new position with the counterpart is reflected in the position-tracking database. Additionally, a credit monitoring module can be used in connection with the derivatives position tracking system to enable the trading engine to alert counterparts when a derivatives transaction exceeds a pre-defined credit limit. | 02-21-2013 |
20130046677 | FINANCIAL PRODUCTS BASED ON A SERIALIZED INDEX - A method for trading financial instruments includes listing, by an electronic financial exchange, financial instruments that specify which version of a serialized index the financial instrument tracks; receiving, by the electronic financial exchange, an electronic indication to buy or sell the financial instrument; executing, by the electronic financial exchange, a trade involving the financial instrument; and settling the financial instrument according to the version of the serialized index specified by the financial instrument. | 02-21-2013 |
20130054440 | MULTIPLE RATE CURRENCY CONSOLIDATOR - A multiple currency rate consolidator addresses the needs of multi-national companies that do business in different currencies and tax localities. A consolidated view of financial data may be provided in real time. The multiple currency rate consolidator allows each subsidiary within a subsidiary hierarchy to enter and manage transactional data as well as budget/forecast data in a corresponding localized functional currency. The multiple currency rate consolidator allows different consolidation levels to view localized, consolidated values of subsidiary transactions. The multiple currency rate consolidator also accommodates statutory, ad hoc and management reporting consolidation using different subsidiary configurations for the same time periods, as well as the versioning of the subsidiary hierarchy to accommodate structural changes across different time periods. | 02-28-2013 |
20130054441 | METHODS AND SYSTEMS FOR TRADING IN MONETARY EQUIVALENT INSTRUMENTS - An example method comprises receiving a request to sell a closed loop monetary equivalent instrument for a purchase value, validating the monetary instrument and a balance associated with the monetary equivalent instrument, selectively paying the seller the purchase value, requesting the issuing party or a third party acting on behalf of the issuing party to provide an additional value to be associated with the monetary equivalent instrument, offering the monetary equivalent instrument and the additional value for sale to a buyer for a selling value, receiving a request from the buyer to purchase the monetary equivalent instrument and the additional value combined for the selling value, selling the monetary equivalent instrument and the additional value to the buyer for the selling value, and compensating the issuing party or the third party acting on behalf of the issuing party for providing the additional value. | 02-28-2013 |
20130054442 | METHOD, APPARATUS AND INTERFACE FOR TRADING MULTIPLE TRADEABLE OBJECTS - An interface for trading multiple tradeable objects includes a price axis or scale. A first indication of quantities represented in a market for a first tradeable object is displayed in association with the price axis or scale. A second indication of quantities represented in the market for a second tradeable object is displayed in association with the price axis or scale. The first tradeable object may be different than the second tradeable object. Alternatively, the first tradeable object and the second tradeable object may be the same, but the indications of quantity may be provided from different sources, such as different exchanges. | 02-28-2013 |
20130054443 | TRADING INTERFACE FOR FACILITATING TRADING OF MULTIPLE TRADEABLE OBJECTS IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for trading multiple tradeable objects. One example method includes displaying at least one combined quantity indicator representing a combined quantity associated with at least two tradeable objects, detecting an input associated with an order for a predetermined order quantity in relation to one of the combined quantity indicators, and allocating the order quantity between the at least two tradeable objects using at least one quantity allocation rule. In one example embodiment, a plurality of quantity allocation rules can be user-configurable, and different rules can be defined and applied in relation to different order types. | 02-28-2013 |
20130054444 | Diverse Options Order Types in an Electronic Guaranteed Entitlement Environment - An enhanced system and method for handling, matching and executing a diverse group of limit-priced orders in an electronic options environment is disclosed. Most of the order types disclosed are automatically repriced and reposted as the NBBO changes to increase their execution opportunities. Market maker entitlements are integrated with the order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when an order priced at or better than the NBBO is received. Once posted to the order book, the displayed price of an order may be eligible for preferential execution in a market maker entitlement process, regardless of whether the displayed price is original or has been automatically repriced. | 02-28-2013 |
20130054445 | VIRTUAL TRADING MARKET PROVISION SYSTEM AND METHOD USING SYNTHESIS OF INSTRUMENTS - Disclosed herein is a strategy establishment device, including a mutual comparison condition strategy establishment unit for setting comparison conditions between price, indicators, and oscillators and then establishing a plurality of mutual comparison condition strategies; a signal generation strategy establishment unit for combining the plurality of mutual comparison condition strategies established by the mutual comparison condition strategy establishment unit, thus establishing a plurality of signal generation strategies; and a strategy establishment unit for combining the plurality of signal generation strategies established by the signal generation strategy establishment unit, thus establishing trading strategies. | 02-28-2013 |
20130054446 | AGGREGATED TRADING SYSTEM - A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions. | 02-28-2013 |
20130060671 | SECURITIES TRADING SYSTEM - A securities trading program for trading individual lots of a security which can be run at a security trader's computer station. The program generates a trading screen comprising a listing of multiple bids for the security, each bid having a price, as well as a listing of multiple priced offers for the security. The bid and offer listings are active, enabling the trader to hit any one of the displayed bids or take any one of the displayed offers, for example by selecting and clicking on a displayed bid or offer. In one embodiment, the bids and offers are arranged in side-by-side columns on the trader's screen, helping the trader to rapidly overview the market for a particular security, and compare different, possibly competitive, securities by paging through level-of-interest windows for each security. The invention's easily manipulated insights into market dynamics offers a sophisticated trader new opportunities to profitably exploit market niches, for example by browsing for attractive bids or offers on closely comparable securities. | 03-07-2013 |
20130060672 | SOCIAL BASED AUTOMATIC TRADING OF CURRENCIES, COMMODITIES, SECURITIES AND OTHER FINANCIAL INSTRUMENTS - The present invention includes methods, apparatuses, systems, platforms and associated software applications for facilitating semi-automatic or automatic trading of Financial Assets based on the past or present trading activities of other traders (e.g “Social Trading”, optionally implemented as a “Linked Account Trading System”). | 03-07-2013 |
20130060673 | Margin Requirement Determination for Variance Derivatives - A margin requirement determination for a financial product, a market price of which varies with volatility of a market value of an underlying instrument, includes determining a realized variance of the market value for each completed trading interval based on return data for the underlying instrument, calculating, for each completed trading interval, a respective implied variance of the financial product based on option trade data for the underlying instrument, computing a respective loss risk value for a corresponding trading interval of the completed trading intervals, each respective loss risk value being derived from a first deviation between the realized variance of the corresponding trading interval and the implied variance of a preceding completed trading interval, and a second deviation between the implied variance of the corresponding trading interval and a succeeding completed trading interval, and determining the margin requirement based on a subset of the loss risk values. | 03-07-2013 |
20130060674 | Systems, method, and media for trading deconstructed stocks - System for trading deconstructed stocks are provided, the systems comprising: at least one hardware processor that: obtains a share of a stock from a public equity market; constructs an equity only share, a dividend only share, and a voting right only share corresponding to the stock: determines a first price for the equity only share; determines a second price for the dividend only share; presents the first price to a first of two traders; presents the second price to a second of two traders; matches trading interests between the two traders involving the equity only share and dividend only share; and executes a trade between the two traders involving the equity only share and dividend only share. | 03-07-2013 |
20130060675 | DEVICE AND METHOD FOR REDUCING COMPUTER LOAD AND DATA STORAGE VOLUME IN PROCESSING AND REPRESENTING A LOG OF EVENTS - A device (DT) is dedicated to the processing of files of set(s) of data of events each consisting at least of a value taken at a given instant by a quantity that varies in time and of this given instant, as well as possibly of a weighting value, each set constituting a log of events for a given quantity. This device (DT) comprises processing means (MT) responsible for determining on the basis of a log of events of a quantity i) a total sum S of weighting values of the events of this log over part at least of a main period D defined between first and second chosen instants, then ii) the value of a normalization parameter defined by the operation S*(T/D′), where T is a time interval of chosen duration and D′ represents a sum of secondary periods constituting chosen sub-parts of the main period D and is expressed in a unit identical to the time interval T, then iii) a normalized chronological collection between the first and second chosen instants of grouping of events, termed normalized bars, whose weighting value is on each occasion equal to the value of the normalization parameter. | 03-07-2013 |
20130060676 | VARIANTS OF NAV-BASED TRADING FOR LESS CLOSELY-LINKED COMPONENTS OF INDEX ARBITRAGE COMPLEXES - Systems and methods are provided in which a first module is configured to execute a trade of a securities futures product on an underlying financial instrument for which a valuation relative to at least one of (a) a net asset value and (b) a closing price, is calculated and published at or after a specified time. A second module determines a price for the executed trade, in which the price is specified relative to the valuation and/or the valuation with a basis adjustment. The second module may be configured to use a price which is (a) a first price which is at a specified discount, (b) a second price which is substantially equal, and/or (c) a third price which is at a premium, to the valuation or valuation with basis adjustment. A third module is configured to submit the executed trade for settlement at the determined price. | 03-07-2013 |
20130060677 | SYSTEMS AND METHODS FOR TRADING A TRADE LIST IN FINANCIAL MARKETS - Systems and methods are provided for maintaining neutrality while trading a list of securities using an algorithmic trading facility coupled with at least one destination. This destination includes at least one alternative trading system (ATS). This facility is coupled, via an electronic data network, to a plurality of trading clients, and configured to receive a trade request to trade a list of securities from a trading client. This request includes user defined trading constraints that are used to generate and transmit trade orders to at least one ATS. The orders are transmitted based on trading data related to the destinations, the trade list, and the trading constraints. The facility can identify each executed trade corresponding to the trade orders and calculate a trade imbalance. The facility can determine whether the trade imbalance exceeds the trading constraints, and reallocate one or more of said submitted orders based on this determination. | 03-07-2013 |
20130066758 | TRADING WITH CONDITIONAL OFFERS FOR SEMI-ANONYMOUS PARTICIPANTS - According to one embodiment of the present invention, a method for generating conditional offers for semi-anonymous trading participants is provided. According to one embodiment of the present invention, a method comprises associating a trading entity with an identifier; acquiring trade history information including a history of trading transactions associated with said identifier; and receiving an offer from a Liquidity Provider based on said trade history information, said offer being only made to the trading entity associated with one of said identifiers. | 03-14-2013 |
20130066759 | SYSTEM AND METHOD FOR MANAGING EXECUTABLE FUNCTIONS WITHIN A TRADING SYSTEM - A trading system includes: a first set of two or more functions and a second set of two or more functions, wherein each of the functions in the first set and the second set includes a variable that is of a common variable type, wherein the value of the variable that is of the common variable type in the first set of functions and the value of the variable that is of the common variable type in the second set of functions may be different at a given point in time, and further wherein at least a first function from the first set of functions and at least a second function from the second set of functions may be executed sequentially. | 03-14-2013 |
20130066760 | SYSTEM AND METHOD FOR MANAGING EXECUTABLE FUNCTIONS WITHIN A TRADING SYSTEM - A trading system includes: a first set of two or more functions and a second set of two or more functions, wherein each of the functions in the first set and the second set includes a variable that is of a common variable type, wherein the value of the variable that is of the common variable type in the first set of functions and the value of the variable that is of the common variable type in the second set of functions may be different at a given point in time; and a function editing mechanism through which the value of the variable that is of the common variable type in the first set of functions may be edited for each of the functions in the first set of functions without affecting the value of the variable that is of the common variable type in the second set of functions. | 03-14-2013 |
20130066761 | System and Method for Managing Trading Using Alert Messages for Outlying Trading Orders - According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by determining whether the particular trading order differs from at least one comparison price by more than a threshold value. If it is determined that the particular trading is an outlying trading order, a restrictive action is taken regarding the outlying trading order. For example, if a trader subsequently submits another trading order that would trade with the outlying trading order, an alert message may be sent to the trader and the subsequent trading order may be prevented from trading with the outlying trading order at least temporarily. | 03-14-2013 |
20130066762 | Method and System For Enhancing The Efficiency Of A Digitally Communicated Data Exchange - The present invention relates to a method for enhancing the efficiency of digitally communicated data exchanges and to a computer system that implements such a method. The invention particularly concerns the use of adaptive custom compression techniques, binary integers (“bits”), massively parallel processing, database optimization techniques and/or calculation optimization techniques to achieve such enhanced efficiency. The invention is applicable to any digitally communicated data exchange, but is particularly applicable to exchanges of financial information such as financial market buy/sell orders, market making, etc. | 03-14-2013 |
20130066763 | SYSTEM AND METHOD FOR TRANSFERRING A LINE OF CREDIT BALANCE TO A CASH ACCOUNT - The present invention provides an automated system configured to facilitate transfers of cash value from one or more lines of credit to one or more deposit accounts or payment systems. An automated system ensures that requested funds are available in a customer's one or more lines of credit and electronically deposits the requested funds into one or more designated deposit accounts or payment systems. An automated system provides a means for customers to manage lines of credit, setup transfer transactions, define rules governing transfers and view transactional history. The automated system, in network connection with the lending organization's backend systems, may authenticate customer identities and credit accounts as well as insure that the requested funds are available for transfer into a deposit account. | 03-14-2013 |
20130066764 | System and Method for Determining Implied Market Information - Implied prices and their quantities are computed. Markets are characterized by exhaustively computing one or more combinations of other related markets. Each combination when summed in a particular way results in the market under consideration. In a described embodiment, the number of market combinations found is an exhaustive list of market combinations such that the market under consideration can be fully and completely characterized, such that each combination provides implied market information about the market under consideration. Implied market information can include implied prices and their quantities, which are computed for each combination and used accordingly in displays or used by automated or semi-automated trading tools. | 03-14-2013 |
20130073442 | Trading system - An automated method, computer program product and system for using artificial intelligence based cognitive learning methods to enable the identification and optional implementation of trades for an organization security. The elements of value, components of value and categories of value of the organization are analyzed and modeled using predictive models that are developed by learning from the data associated with said organization. The output from these models is then used to calculate a market sentiment value that is used to determine the types of trades that will be recommended and optionally completed. | 03-21-2013 |
20130073443 | METHOD FOR AUTOMATED TRADING BASED ON INFORMATION IN A PRESS RELEASE - A method for automated trading based on information in a press release is disclosed. A programmed computer receives a press release from a wire service. The programmed computer scans each word of the press release sequentially. The programmed computer employs a scanned word as an index into a pre-processed table of reduced-encoded, negative sentiment and positive sentiment words, where sentiment is measured on a log-scale. The programmed computer fetches a word from the table based on the index. The programmed computer renders at least one trading decision based on the fetched word. The programmed computer delivers the at least one trading decision to at least one trading system. | 03-21-2013 |
20130073444 | System and method and managing commodity transactions - Methods and systems for managing the sale of commodities, such as tier-priced commodities, are described. Risk is managed by bundling with the commodity a financial instrument designed to indemnify against the risks associated with purchasing the commodity. The financial instrument may be an insurance instrument, for example. In one embodiment, bundled products are offered for sale to two or more bidders, at respective offer prices. The bidder that exceeds their respective offer price by the greatest amount is sold the bundled product. Different prices may be offered to different purchasers for respective bundled products. The offers, bids, and determination of who wins the bidding may be made by processors or computers coupled to networks, such as the Internet. | 03-21-2013 |
20130080308 | Dynamic Leaning Tools - Certain embodiments provide an “increase on re-quote” tool. According to the techniques of this tool, when the quantity available in a lean leg increases after the quantity of a quoting order has previously been decreased, the quantity for the quoting order is not increased until the quoting order is to be re-quoted at another price level. Certain embodiments provide a “quote inside market only and reload” tool. According to the techniques of this tool, a quoting order only leans on the inside market and, when the leaned on quantity decreases, the quoting quantity is reduced as appropriate. The quoting quantity does not increase, even if the available quantity in a lean leg increases. Instead, when the quoting order is filled, the strategy order is reloaded by placing a new quoting order for the remaining desired quantity, again leaning on only the quantity available at the inside market. | 03-28-2013 |
20130080309 | SYSTEMS AND METHODS FOR PROVIDING A DYNAMIC ACCESS PAYMENT IN ASSOCIATION WITH A SECURITY - The disclosure describes systems and methods of utilizing an OTC trading system to convey and manage access fee and access rebate information. Specifically, the disclosure provides methods for providing an access payment in association with a security for display on a graphical user interface. The access payment is calculated using an access payment multiplier and quote price. The access payment multipliers can be applied either the Broker Dealer Level or the Quote Level. A Quote Level access payment multiplier is applied to a specific security wherein an access payment multiplier at the Broker Dealer Level is applied as a global default. Once an access payment for a security is calculated, the access payment is analyzed to determine whether it is in within the defined regulatory parameters. An access payment that is in within the parameters is provided for display while an access payment that is not is rejected. | 03-28-2013 |
20130080310 | Returns-Timing for Multiple Market Factor Risk Models - Until recently, risk models have been built using low frequency data, such as weekly or monthly data. This approach has resulted in a necessary compromise between model stability for which one needs a long history of data, and model responsiveness, for which, the shorter the history, the better. Stability plus responsiveness can be achieved if one uses daily data, which allows for a large number of observations to be used in model estimation without using long out-of-date data. Daily data have other problems, however, as the differing closing times of markets worldwide may induce spurious relationships across model factors. In particular, correlations between markets may appear lower than they truly are due to a market lag To address such issues, a stable, daily data-based factor risk model is described which takes account of the differing market closing times and corrects the model factor correlations and specific returns accordingly. | 03-28-2013 |
20130080311 | SYSTEMS AND METHODS FOR SECURITIZING A COMMODITY - A method for creating trust shares in a physical commodity, the trust shares being tradable over an electronic communications network, includes receiving a creation order comprising a request to create the trust shares, confirming delivery into a trust account of an amount of physical commodity associated with the trust shares being requested, and releasing the requested trust shares based upon the amount of physical commodity delivered into the account. A method for redeeming trust shares associated with a physical commodity, the trust shares being tradable over an electronic communications network, includes receiving a redemption order comprising a request to redeem an amount of trust shares associated with an amount of the physical commodity held in a trust account, receiving the amount of the trust shares, and releasing from the trust account the amount of the physical commodity associated with the amount of the trust shares received. | 03-28-2013 |
20130080312 | MARKET TRADE SUPPORTING APPARATUS AND METHOD OF THE SAME - A market trade supporting method and a market trade supporting apparatus that are able to determine the appropriate price of stop order. The sell order price of stop order for loss cut is set based on the lowest price in the period of temporary fall which is until it rises to exceed the level of prior declines after the market price temporary falls when it is on uptrend. The buy order price of stop order for loss cut is set based on the highest price (ceiling price) in the period of temporary rise which is until it calls to exceed the level of prior rises after the market price temporary rises when it is on downtrend. | 03-28-2013 |
20130085921 | HOME ENERGY COLLABORATIVE MESH PLATFORM - A method to share, barter, lend, trade, rent and give energy through technology and peer communities. An online service which allows users to globally monitor, manage and redistribute energy (electricity) at the individual house level. This method of collaborative consumption gives members in the organized communities the benefit of ownership with reduced personal burden and costs. The fundamental value is that it provides an alternative to traditional forms of purchasing and ownership. | 04-04-2013 |
20130085922 | MANAGING OUTLYING TRADING ORDERS - According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, electronic data including buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by electronically determining whether the particular trading order differs from at least one comparison price by more than a threshold value. If it is determined that the particular trading is an outlying trading order, a restrictive action is taken regarding one or more trading orders. For example, if a trader subsequently submits another trading order that would trade with the outlying trading order, an electronic alert message may be sent to the trader and the subsequent trading order may be prevented from trading with the outlying trading order at least temporarily. | 04-04-2013 |
20130085923 | System and Method for Coalescing Market Data at a Network Device - A network device coalesces data received from an exchange, and provides a user with the opportunity to receive fewer, but up-to-date, data updates from an exchange when duplicate prices become available or a large volume of prices becomes available suddenly. Accordingly, the trader can be assured of receiving non-duplicated prices that are fed at a rate that is cohesive with that trader's connection speed. The present invention is designed to conserve on bandwidth thereby increasing the likelihood that bandwidth will be available to receive desirable market information. | 04-04-2013 |
20130091045 | MULTI-BROKER ORDER ROUTING BASED ON NET POSITION - The disclosed embodiments provide tools for multi-broker order routing based on net position at a broker. The net position of a user at a broker to receive a portion of a trade order is considered when allocating the quantity for the trade order to multiple brokers. | 04-11-2013 |
20130091046 | Visualizing Performance Based on Trader Behavior - A computer implemented techniques for visualize performance of a particular security or a portfolio of securities based on the behavior of traders that trade in the particular security or portfolio of securities is described. | 04-11-2013 |
20130091047 | SYSTEM AND METHOD FOR GROUP PURCHASING - A method for conducting an online group auction of homogeneous shares in an undivided lot uses a server computer accessible via a data network. An associated database contains details of an undivided lot, such as a real estate property, available for auction, and information representing a share offering. The offering comprises a number of homogeneous shares in the undivided lot, each share having an associate individual share price. Participating bidders submit bids via the data network, each bid including information identifying a maximum number of shares, and a maximum price per share. The server determines a degree of success of the bid based on an extent to which the maximum price per share exceeds a current individual share price of one or more of the homogeneous shares. The server then updates the information representing the share offering in accordance with the determined degree of success of the bid. | 04-11-2013 |
20130091048 | SYSTEM AND METHOD FOR MANAGING TRADING ORDERS RECEIVED FROM MARKET MAKERS - According to one embodiment, a method of managing trading is provided. A first offer for a particular instrument in a particular market is received from a first market maker at a first offer price. A first bid for the same particular instrument in the same particular market is received from a second market maker at a first bid price, the first bid price being higher than or equal to the first offer price. As a result of the first bid price being higher than or equal to the first offer price, the first offer price is automatically increased to a price higher than the first bid price such that a trade is not executed between the first offer and the first bid. In some embodiments, such method may be used to protect market makers from unwanted trades caused by inherent latency in the market makers' pricing engines and/or networks. | 04-11-2013 |
20130091049 | SYSTEM AND METHOD FOR DISPLAYING MARKET INFORMATION AND ORDER PLACEMENT IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for displaying a trading screen and placing an order in an electronic trading environment. The system and method may be used to assist a trader in selecting an item of interest, such as the inside market (best bid and best ask) to be displayed relative to a user configured location on the trading screen, such as the center of the trading screen. In a preferred embodiment, the inside market will stay located relative to center of the trading screen and the price levels associated to the inside market will move as the market conditions fluctuate. Other features and advantages are described herein. | 04-11-2013 |
20130097062 | SYSTEMS AND METHODS FOR ANALYZING TRADING STRATEGIES - The present analysis systems and methods provide a dynamic graphical user interface through which a user can view and modify a trading strategy. The various parts of the strategy may be graphically displayed to the user, and any modification to the strategy made by the user may be dynamically integrated into feedback of the graphical user interface. | 04-18-2013 |
20130097063 | SYSTEM AND METHOD FOR DISPLAYING AND/OR ANALYZING A LIMIT ORDER BOOK - Various systems and methods for determining information about limit orders is provided. Data regarding a plurality of limit orders entered onto an electronic market is received and stored. For each of a subset of the plurality of limit orders, a market distance is determined. The market distance comprises the difference between the price of the respective limit order and a market price. A weighting of the respective limit order is determined based at least on the determined market distance for the respective limit order. One or more market indicators is determined based at least in part on the weighting of each of the at least two limit orders. The one or more market indicators are caused to be displayed in a graphical user interface. | 04-18-2013 |
20130097064 | METHOD AND SYSTEM FOR CREATING A VOLATILITY BENCHMARK INDEX - A method and system for creating a volatility benchmark index is disclosed. The method includes obtaining a value of a Treasury bill account less a mark-to-market value of at least one of a volatility-based future or option and calculating a value reflecting a volatility benchmark. The value may be displayed at a trading facility and volatility benchmark quotes may be transmitted by the trading facility to a market participant. | 04-18-2013 |
20130097065 | ELECTRONIC SECURITIES MARKETPLACE HAVING INTEGRATION WITH ORDER MANAGEMENT SYSTEMS - An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities. | 04-18-2013 |
20130097066 | SYSTEM AND METHOD FOR COMPUTER IMPLEMENTED COLLATERAL MANAGEMENT - A data processing system manages collateral risk associated with a trade of a financial instrument includes memory coupled to a processor, the memory containing a database configured to store a ruleset relating to determining eligibility of collateral to be considered for a desired trade. A collateral analysis module determines a collateral preference ranking of one or more security positions eligible for use as collateral for the trade by applying the ruleset via an algorithm executed by the processor so as to confirm an eligibility of security positions eligible for use as collateral for the trade by testing in accordance with the ruleset. | 04-18-2013 |
20130097067 | SYSTEM AND METHOD FOR QUICK QUOTE CONFIGURATION - A method and system are described for providing a trader with the ability to quickly configure the quoting side of a trading tool, without experiencing the normal delays associated with conventional methods of quoting. In spread trading, an automated spread trading tool may automatically work an order to buy or sell a tradeable object. A user may configure the trading tool to work an order in a certain tradeable object first. The system allows the user to essentially on-the-fly configure the trading tool to work a second order in another tradeable object, and in response to the change, the system can take specific actions such as deleting the order in the first tradeable object and automatically entering the second order in the other tradeable object. This allows the trader to trade quickly and efficiently. | 04-18-2013 |
20130097068 | SYSTEM AND METHOD FOR DYNAMICALLY REGULATING ORDER ENTRY IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for trading a trading strategy defined for at least one tradeable object in an electronic trading environment. More specifically, one example method includes using a first pay-up tick value to determine a first acceptable price level for an order associated with the trading strategy, automatically modifying the first pay-up tick to a second pay-up tick value in response to detecting a predefined condition, and using the second pay-up tick value to determine a second acceptable price level for the order associated with the trading strategy. | 04-18-2013 |
20130097069 | SYSTEM AND METHOD FOR DYNAMICALLY REGULATING ORDER ENTRY IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for trading a trading strategy defined for at least one tradeable object in an electronic trading environment. More specifically, one example method includes using a first pay-up tick value to determine a first acceptable price level for an order associated with the trading strategy, automatically modifying the first pay-up tick to a second pay-up tick value in response to detecting a predefined condition, and using the second pay-up tick value to determine a second acceptable price level for the order associated with the trading strategy. | 04-18-2013 |
20130103561 | INSIDER TRADING DETECTION - Detecting insider trading of financial instruments is described. In an embodiment news event data is received from a sentiment index where each news event has at least one associated rating of a relationship between the news event and the financial instrument. For example, a numerical rating of confidence that the news event will influence volatility of the financial instrument and a numerical rating of how related a news event is to a particular company. In examples the news events are filtered using the ratings and remaining news events are used to identify potential insider trading where a price of an order within a time period before the news event differs by more than a threshold amount from a characteristic of the market after the news event. Parameters such as the time period and the threshold may be automatically adjusted using feedback data or may be dynamically user adjusted. | 04-25-2013 |
20130103562 | Method and System for Transferring Roth Securities - In accordance with the principles of the present invention, a computer implemented method of transferring ROTH | 04-25-2013 |
20130103563 | Anonymous Price and Progressive Display Execution System - A method and system that allows for the progressive disclosure of information related the potential execution of product by establishing an anonymous alias and registering an interest in a proposed transaction based upon information that is both constructed by the alias and combined with information that is maintained and linked within a central authority whereby all such or certain information within the central facility can be disclosed at the appropriate time as the warranted by the situation. | 04-25-2013 |
20130103564 | INTERACTIVE CONTROL OF A WEBSITE-BASED TRADING PLATFORM FOR AUTOMATING THE ALLOCATION OF A USER'S INVESTMENT AMOUNT ON ONE OR MORE SIGNAL PROVIDERS - A method of providing an investment strategy with selected characteristics that are expected to provide acceptable profits within acceptable risks. A computer system performing the method receives a user's defined risk value, calculates a risk per provider value and calculates a worst case lots value in order to calculate a hypothetical profit target and a number of lots for each signal provider. Alternatively, the computer system calculates the available capital, calculates an NME value, calculates the number of lots for each signal provider and then calculates the number of lots for each signal provider and allows the user to manually modified the setting of weight control. | 04-25-2013 |
20130103565 | AUCTION WITH INTEREST RATE BIDDING - A method, apparatus, system and machine-readable medium are provided for declining auctions with interest bidding. According to one embodiment, offers are received from respective bidders in a bid receiving process to transact a financial instrument, the offers being expressed as offered interest rates at which the corresponding respective bidders are willing to transact the financial instrument. The bid receiving process is utilized in a declining auction characterized by a reducing a published interest rate at which the financial instrument is offered for sale. The declining auction is terminated based on a predetermined period of time. | 04-25-2013 |
20130103566 | Out of Band Credit Control - Systems and method for mediating risks associated with orders in an electronic trading system are provided. A front end component includes a plurality of trading engines that receive orders from traders. A back-end component includes a match system. The system includes a credit control module, which may be located at the back-end (e.g., clearinghouse), front end, a combination thereof, or other location that communicates with the plurality of trading engines. The credit control may monitor aggregate risk parameters for the trading engines and requests credits from trading engines. | 04-25-2013 |
20130103567 | METHOD AND SYSTEM FOR POOLING COMPUTING SERVER RESOURCES - A method and system for pooling computing resources is provided. In an embodiment a system comprises a plurality of quotation servers connected to a quotation engine. The quotation is also connected to a clearing server. The quotation engine receives data representing quotations from different servers. The quotation engine also receives data representing actual trades from the clearing server. The quotation engine is configured to perform operations on the quotations and the actual trades in a fashion that deletes certain quotations to reduce consumption of computing resources on the quotation engine and thereby increase efficiency of processing of the quotes to arrive at a final quotation. The system also relieves processing burden on the quotation servers by shifting the processing to the quotation engine. | 04-25-2013 |
20130103568 | System and Method for Chart Pattern Recognition and Analysis in an Electronic Trading Environment - A system and method are provided for chart pattern recognition and analysis. In one embodiment, a graphical interface is provided to enable a trader to select a portion of a chart to be used in the chart pattern analysis. The pattern of the selected portion of the chart could then be used to find one or more similar chart patterns in a user-defined timeframe, such as any future time period or a time period in the past. When a reoccurring chart pattern is found in any future time period, an alert signal can be generated to alert a user of a possibility of the chart pattern reoccurrence. Alternatively, chart pattern matches can be found in a time period in the past, and a set of studies can be applied to the found matches to generate a set of reoccurring indicator values. The reoccurring indicator values can be used in combination with the chart pattern to detect any similar chart patterns in the future. | 04-25-2013 |
20130110694 | MARKET DRIVEN IMPLIED TRADE RESOLUTION | 05-02-2013 |
20130110695 | ELECTRONIC TRADING SYSTEM AND METHOD THAT PROVIDE REAL-TIME TRADE ANALYTICS | 05-02-2013 |
20130110696 | IDENTIFICATION OF ACCOUNTS THAT ARE TOO PROFITABLE OR TOO LOSSY | 05-02-2013 |
20130110697 | FINANCIAL MARKET ACCELERATION EVALUATION TOOL | 05-02-2013 |
20130110698 | SYSTEM FOR KNOWLEDGE CREATION | 05-02-2013 |
20130110699 | System and Method for Graphically Displaying Market Related Data Using Fixed Size Bars | 05-02-2013 |
20130110700 | METHOD AND APPARATUS FOR A FAIR EXCHANGE | 05-02-2013 |
20130110701 | INTEGRATED ORDER MATCHING SYSTEM COMBINING VISIBLE AND HIDDEN PARAMETERS | 05-02-2013 |
20130110702 | System and Method for Estimating Order Position | 05-02-2013 |
20130117171 | Relational Order Pricing Data for Interdependent Exchange-Traded Contracts - Prices for instances of an exchange-traded contract type can be submitted using one or more of at least two types of order pricing data. Explicit order pricing data may specify a price for one or more contracts in a first manner, e.g., by explicitly stating a specific amount of currency. Relational order pricing data may provide information that permits determination of prices for contracts based on other data. | 05-09-2013 |
20130117172 | MULTIPLE COUPON INTEREST RATE FUTURES CONTRACTS - The disclosed system makes available multiple interest rate futures contracts (“IRFC”) for a given set of interest rate securities, such as US Treasury Notes, which may be used to satisfy the delivery obligation. The terms on which the delivery obligation of each such IRFC are met are governed by an associated conversion factor yield (“CFY”) value which is associated, in turn, with a corresponding set of conversion factors (“CF”), each of which corresponds to one member of the set of securities eligible for delivery, and which may be used at the time of delivery of such eligible interest rate security, to determine the delivery invoice price. Offering different CFY's and corresponding CF's may enable a market participant who seeks to use such futures to acquire or shed financial risk exposure to select from such array of futures contracts the member contract that most closely mirror the participant's intended risk profile. | 05-09-2013 |
20130124377 | Method And Apparatus For Automated Trading Of Equity Securities Using A Real Time Data Analysis - A system and method for buying and selling securities based on volatility and liquidity rather than other fundamentals is demonstrated. The method involves: providing at least one decision model to buy and sell a security; inputting real-time data into the decision model; and automatically generating an order and executing transactions to buy and sell the security based in response to the decision model. The method continues in buying and selling the security based in response to decision model until the method is stopped. | 05-16-2013 |
20130124378 | Open End Mutual Fund Securitization Process - A computer implemented system is provided for administering and exchanging shares in an exchange traded product. | 05-16-2013 |
20130124379 | SYSTEMS AND METHODS FOR CREATING AND TRADING DYNAMIC SECURITIES - Systems and methods for creating and trading dynamic securities are provided. Dynamic securities according to the invention may preferably include any security or non-securitized investment. To form the dynamic security, a user may select a plurality of securities including stocks, bonds, baseball cards and modern art paintings to create a dynamic security. The selection may be limited to a pre-determined list of securities. | 05-16-2013 |
20130124380 | Template Based Matching - Systems and methods for matching orders are provided. One or more trade templates are created. The trade templates define groups of orders for financial instruments that may be combined such that all of the orders are matched. New orders and resting orders are analyzed using one or more trade templates to determine whether a combination of orders satisfies all of the elements of a trade template. When all of the elements of a trade template are satisfied, the corresponding orders may be matched contemporaneously. | 05-16-2013 |
20130124381 | SYSTEM, METHOD, AND COMPUTER PROGRAM PRODUCT FOR EXECUTING A BUY OR SELL ORDER - An auto-trading strategy for executing an order to buy or sell a specified quantity of a certain item. The strategy utilizes urgency scores rather than time bins. In one embodiment, an urgency score is determined at a certain point in time. The urgency score is a function of a trading target associated with the point in time and the actual number of items that have been traded as of the certain point in time. | 05-16-2013 |
20130124382 | FINANCIAL MARKET REPLICATOR AND SIMULATOR - A financial market replicator and, simulator, intermixes and records data streams of real time financial market data. The FMRS replays such recorded data to simulate the real time financial market(s) in a manner that represents substantially the entirety of information relating to the financial market(s) such that an observer would have difficulty differentiating between the simulator playback of the data and real time data. A user may employ the playback as a research and training tool for developing and executing trading strategies. A user may then determine if the trading strategy would have been successful. In addition, a user may alter the recording and playback parameters to provide various opportunities for studying market activity and/or altering the level of challenge of the simulation. A user may also freeze the simulator playback in order to explore the behaviors of the market's participants and related securities. | 05-16-2013 |
20130124383 | TBA Futures Contracts and Central Counterparty Clearing of TBA - Networks, systems and methods that match orders for TBA futures and settle and clear open positions for TBA futures are disclosed. The TBA futures may include MBS TBA future contracts. A central counterparty clearing firm may net long and short positions and generate delivery instructions to parties having open positions. | 05-16-2013 |
20130124384 | FINANCIAL INSTRUMENTS TRADING SYSTEM AND METHOD - The present invention is directed to a system and method by which the recommendations of a third party advisor chosen by an investor and with whom an investor has entered into a separate relationship can be matched with conditional trading criteria chosen by the investor. In a process for structuring such a trading system, when a matching correspondence occurs between the criteria specified in trades recommended by an advisory service and conditions chosen by the individual investor, the combined set of matching criteria then becomes the basis to initiate a formal trading order for the financial securities so defined. The trading order so generated may additionally include specified criteria not pre-defined by the investor, such as for example timing instructions that can be designated without prescription from the investor. | 05-16-2013 |
20130124385 | Server for Supporting an Exchange Transaction - The present invention is a server for supporting an exchange transaction, in which users can complete exchange transactions between and/or among themselves. | 05-16-2013 |
20130124386 | System and Method for Providing Electronic Price Feeds for Tradeable Objects - System and methods for a price feed generation are described. According to an example method described herein, upon receiving market information including a plurality of linear prices and order quantities, a reference price level is selected and a price feed message is generated to include the reference price level and the plurality of order quantities. The price feed message is then provided to client terminals. | 05-16-2013 |
20130124387 | USER INTERFACE FOR AN ELECTRONIC TRADING SYSTEM - A user interface for an electronic trading exchange is provided which allows a remote trader to view in real time bid orders, offer orders, and trades for an item, and optionally one or more sources of contextual data. Individual traders place orders on remote client terminals, and this information is routed to a transaction server. The transaction server receives order information from the remote terminals, matches a bid for an item to an offer for an item responsive to the bid corresponding with the offer, and communicates outstanding bid and offer information, and additional information (such as trades and contextual data) back to the client terminals. Each client terminal displays all of the outstanding bids and offers for an item, allowing the trader to view trends in orders for an item. A priority view is provided in which orders are displayed as tokens at locations corresponding to the values of the orders. The size of the tokens reflects the quantity of the orders. An alternate view positions order icons at a location which reflects the value and quantity of the order. Additionally, contextual data for the item is also displayed to allow the trader to consider as much information as possible while making transaction decisions. A pit panel view is also provided in which traders connected to the pit are represented by icons, and are displayed corresponding to an activity level of the trader. | 05-16-2013 |
20130124388 | Derivatives Trading Methods That Use a Variable Order Price and a Hedge Transaction - Systems and methods are provided for executing a hedge transaction in connection with the execution of a derivative product order in which the price of the derivative product is defined by one or more variables. The hedge transaction may be executed at an exchange or match engine that is different from the exchange or match engine executing the derivative product order. The execution of derivative product transaction may be contingent on the existence of an appropriate hedge transaction. Alternatively, a best efforts approach may be used to fill the hedge transaction order after executing the derivative product transaction. | 05-16-2013 |
20130124389 | System and Method for Settling Trades - A method of settling trades includes the steps of obtaining an authenticated delivery instrument, wherein the authenticated delivery instrument is authenticated by a first exchange and may be used to settle a trade undertaken on the first exchange. An electronic proxy is issued for the delivery instrument, wherein the electronic proxy may be exchanged for the authenticated delivery instrument and where the electronic proxy is used to settle a trade undertaken on a second exchange. | 05-16-2013 |
20130124390 | Order Risk Management for Financial Product Processing - Systems and methods are provided for processing derivative product orders at an exchange. Traders provide derivative product order risk data to the exchange. The order risk data may include maximum delta, gamma and/or vega utilization values for derivative product contracts based on the same underlying product. Before executing a trade, a match system analyzes the trader's current utilization state and the utilization that would result after the trade. The match system may then execute all or a portion of the trade. | 05-16-2013 |
20130124391 | METHOD FOR DISPLAYING MARKET ORDER INFORMATION AND PLACING ORDERS - Methods of displaying and placing orders for financial instruments. Financial market information is displayed on a screen controlled by a processor. The display includes a plurality of bid columns, a plurality of ask columns, and a price column acting as an axis for the bid and ask columns. Values in the columns are updated as the state of the financial market changes. The values in the columns automatically re-center if either one of the highest bid price, or lowest ask price scrolls off the screen. Placing an order includes presetting order parameters, selecting a price at which to place the order, indicating the price at which to the place the order by indicating a cell associated with a price in a column of a computer display through the use of a computer input device. | 05-16-2013 |
20130132249 | SYSTEM AND METHOD FOR ROUTING A TRADING ORDER ACCORDING TO PRICE - A system for routing a trading order to a market center according to price comprises a memory and a processor. The memory stores policy information, cost information, and rebate information associated with a plurality of market centers. The processor receives a trading order specifying a trading product, a plurality of market center prices for the trading order, and best price information for the trading product. The processor adjusts at least one market center price according to the policy information of the corresponding market center and the best price information. The processor also adjusts at least one market center price according to at least one of the cost information and the rebate information of the corresponding market center. The processor then compares the plurality of market center prices, and selects a particular market center based at least in part upon the comparison. | 05-23-2013 |
20130132250 | SYSTEMS AND METHODS FOR TRADING - The present invention is systems and methods for trading. In accordance with these systems and methods, a plurality of trader work stations that are connected to a central server may be provided. Through the work stations and central server, the systems and methods may perform participant qualification, instrument creation, bid/offer entry and response, when hit and take, workup, price retention, price improvement, request for market, bid/off restoration, price generation, position conversion, marking to market, and delivery functions. | 05-23-2013 |
20130132251 | SYSTEMS AND METHODS FOR TRADING - The present invention is systems and methods for trading. In accordance with these systems and methods, a plurality of trader work stations that are connected to a central server may be provided. Through the work stations and central server, the systems and methods may perform participant qualification, instrument creation, bid/offer entry and response, when hit and take, workup, price retention, price improvement, request for market, bid/off restoration, price generation, position conversion, marking to market, and delivery functions. | 05-23-2013 |
20130132252 | PRODUCTS AND PROCESSES FOR ORDER DISTRIBUTION - Systems and methods for trading financial instruments through multiple trading intermediaries are described. | 05-23-2013 |
20130132253 | CF-30: METHODS AND SYSTEMS FOR TRADING OF FUTURES CONTRACTS FOR INTANGIBLE ASSETS - Methods and systems for trading of future contracts for intangible assets are provided. The methods and systems allow traders to access information on intangible asset futures contracts and future contract funds and to execute their trades in a computer-based futures exchange. Intangible assets include future royalties or revenues from artistic works or future salaries of professionals, for instance. The futures exchange system provides real-time trading status on the futures contracts or funds as well as detailed information on contract terms. Quotes may be matched automatically by the futures exchange. Sensitivity analysis of various factors on the outcome of futures contracts valuation may be provided. Additionally, offer and contract terms for categories of intangible assets may be standardized in the futures exchange for trading simplification. | 05-23-2013 |
20130132254 | SYSTEMS AND METHODS FOR TRADING - The present invention is systems and methods for trading. In accordance with these systems and methods, a plurality of trader work stations that are connected to a central server may be provided. Through the work stations and central server, the systems and methods may perform participant qualification, instrument creation, bid/offer entry and response, when hit and take, workup, price retention, price improvement, request for market, bid/off restoration, price generation, position conversion, marking to market, and delivery functions. | 05-23-2013 |
20130132255 | METHODS AND SYSTEMS FOR MEASURING COMPARATIVE DATA - Methods and corresponding system are provided herewith that, in at least one embodiment, include the act or acts of determining a first instance in which a first request is received by an exchange; determining a second instance in which a second request is received by the exchange, in which the second request defines a request to cancel the first request; determining a third instance in which a third request is received by the exchange, in which the third request corresponds to the first request; calculating a first difference between the second instance and the third instances; storing the first difference to a data storage, in which the data storage comprises a plurality of differences; and analyzing the plurality of differences to generate comparative information. | 05-23-2013 |
20130132256 | COMMISSION CALCULATOR AND DISPLAY - Commission allocations in transaction management of auction-based trading for specialized items such as fixed income instruments. A plurality of workstations that are connected to a server, and a structured commission allocation protocol may be provided. | 05-23-2013 |
20130132257 | Visual Representation and Configuration for Trading Strategies - A system and method are provided to visually represent and configure trading strategies used in electronic trading. The system and method may be used to visually represent, among other things, an acceptable range of prices for a trading strategy in relation to a graphical user interface. The acceptable range of prices may be input by a trader to limit when one or more orders are moved from one price to another. The acceptable range of prices can be displayed on a graphical user interface using visual indicators. Using the visual indicators, the acceptable range of prices can also be configured and modified by a trader based on the trader's preferences. Other features and advantages are described herein. | 05-23-2013 |
20130132258 | TRADE EXECUTION METHODS AND SYSTEMS - One embodiment of the present invention relates to securities trading using electronic systems. Another embodiment of the present invention relates to a computer implemented trade execution method, comprising: sending from an execution venue to each of a plurality of smart order routers a notification message; receiving at each of the smart order routers the notification message sent thereto, wherein the notification message notifies each of the smart order routers about the presence of a non-displayed priced order at the execution venue; sending from at least one of the smart order routers to the execution venue at least one order to execute against the non-displayed priced order; receiving at the execution venue each order sent from each of the smart order routers; and executing at least one order received from at least one of the smart order routers against the non-displayed priced order. | 05-23-2013 |
20130132259 | SYSTEM AND METHOD FOR RISK MANAGEMENT - A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Using the spread positions and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders. | 05-23-2013 |
20130132260 | System and Method for Creating Trade-Related Annotations in an Electronic Trading Environment - A client terminal displays a trading screen interface and an annotation interface in relation to the trading screen interface. The annotation interface allows a trader to enter trade-related annotations in a quick and efficient manner or flag a predetermined time and input annotations to be associated with the flagged time a later time, while the trading screen interface allows the trader to make trades at the most favorable prices and in a speedy manner. The annotation interface may alternatively not be displayed and allow for audio input. | 05-23-2013 |
20130132261 | System and Method for Displaying Highest and Lowest Traded Price of Tradable Objects - A client terminal displays on a graphical interface a first indicator of a price associated with a lowest traded price of a tradable object during a predetermined period of time, a second indicator of a price associated with a highest traded price of the tradable object during the predetermined period of time, along with at least one quantity indicator associated with at least one order to buy/order the tradable object. The first indicator, the second indicator, and the at least one quantity indicator are displayed in relation to a static axis of price, and the client terminal dynamically updates the first and second indicator to new lowest and highest traded prices based on market updates received from an exchange. | 05-23-2013 |
20130132262 | SYSTEM AND METHOD FOR TIMED ORDER ENTRY AND MODIFICATION - A system and method for defining and processing timed orders are defined. According to one embodiment, a trader may define a timed order by defining an intra-day time trigger or a time period when the timed order should be automatically modified, such as deleted or cancelled/replaced with a new order. In one embodiment, the intra-day time trigger or time period may be dynamically changed to a later time, for example, upon receiving a predetermined user input. Also, the time trigger and time period may be configured to dynamically vary based on any user configurable formula. Also, the timed order may be associated with one or more actions to be taken once the order is deleted, such as sending a new order, for example. | 05-23-2013 |
20130132263 | Flexible System and Method for Electronic Trading - System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein. | 05-23-2013 |
20130132264 | Bid-Based Control of Networks - Service by a packet switched network is controlled based on bids from consumer equipment. The bids may be compared to historical bids previously received from each of the consumer equipment. A low bid from one of the consumer equipment may be disregarded, based on a history of high bids. | 05-23-2013 |
20130132265 | System and Method for Trading and Displaying Market Information in an Electronic Trading Environment - A system and method for trading and displaying market information along a static axis are described to ensure fast and accurate execution of trades. The static axis, whether is a straight axis or a curved one, can be oriented in any direction. Regardless of how the axis is oriented, a first region may display price levels that are arranged along the static axis. A second region, which overlaps the first region, may display one or more indicators for highlighting one of the price levels associated with the lowest offer and one of the price levels associated with the highest bid. Moreover, a third region, which overlaps the first region, may be included for initiating placement of an order to buy or an order to sell the tradeable object through an action of a user input device. Other overlapping regions may also be displayed so that additional market information may be viewed by a trader. | 05-23-2013 |
20130138545 | FRAMEWORK FOR IMPLEMENTING TRADE PREFERENCE AGREEMENTS - A preference management framework allows for the management of vendor-based vendor declarations and of vendor declarations for customer's purposes, preference determination based on preference agreements, the provision of statements regarding the preference eligibility of goods based on preference determinations, and the printing of several preference related documents according to the relevant agreements. The framework is flexible enough for users to easily develop their own preference schemes for new preference agreements. Users may first define (or modify) their responsible areas for preference management by assigning (or removing) administrative units of a business to themselves. Then the users may begin the preference processing by choosing one of their assigned administrative units and any preference agreements relevant to that administrative unit may be automatically determined for possible following steps in preference processes which can now be started. | 05-30-2013 |
20130138546 | SYSTEMS AND METHODS FOR ESTABLISHING FIRST ON THE FOLLOW TRADING PRIORITY IN ELECTRONIC TRADING SYSTEMS - Systems and methods for trading an item in an electronic trading system are provided. The method preferably includes transitioning the trading system from a first trading state to a second trading state. Once the trading system has transitioned to the second state, the method includes determining whether an existing order qualifies for trading priority and/or exclusivity in the second trading state with respect to an incoming contra order. This determining of trading rights in the second trading state is preferably based on the status of trading priority in the first trading state and also a set of predetermined criteria with respect to an incoming contra order in the second trading state. If the existing order qualifies for trading priority, then the system preferably presents the incoming contra order for trading exclusively or semi-exclusively to the participant associated with the existing order. | 05-30-2013 |
20130138547 | SYSTEM AND METHOD FOR PROCESSING COMPOSITE TRADING ORDERS - A system for processing a composite trading order comprises a memory operable to store market data received from one or more market centers. The system further comprises a processor operable to generate a composite value based at least in part on the market data. The processor is further operable to receive a composite trading order associated with at least a portion of the composite value. The processor is further operable to generate a plurality of constituent trading orders that, when filled, combine to satisfy the composite trading order. | 05-30-2013 |
20130138548 | METHOD, APPARATUS, AND COMPUTER PROGRAM PRODUCT FOR IMPLEMENTING AN EXCHANGE FOR FUNGIBLE ASSETS - A method, apparatus and computer program product are provided for implementing an exchange for fungible assets. A method aspect includes receiving a plurality of sell orders for the fungible asset, each sell order having a quantity for sale and a per unit selling price, and receiving a plurality of buy orders for the fungible asset, each buy order having a quantity wanted for purchase and a per unit buying price. The buy and sell orders are posted on an exchange. Buy and sell orders are then matched upon expiration of a time period, wherein the time period is determined as a function of at least buy and sell order parameters, and a clearing price is determined from the matched buy and sell orders so as to maximize the quantity of the fungible asset traded upon execution of trades of the matched buy and sell orders. | 05-30-2013 |
20130138549 | System And Methods For Risk-Based Prioritized Transaction Message Flow - Various systems and methods are provided for prioritized sending of transaction messages to an electronic exchange. According to one embodiment, a system determines a priority level for each transaction message based on a potential monetary reward or risk associated with sending or delaying the message. Once the priority levels are determined, the messages may be sent based on the priority levels. Additionally, each priority level may be associated with a predetermined threshold level. If a message threshold is reached, a new message corresponding to that priority level is queued until the message may be transmitted without exceeding the threshold limit. | 05-30-2013 |
20130138550 | Cover-OCO for Legged Order - A position associated with a synthetic spread order may be managed where a status of a synthetic spread order is identified as legged. The synthetic spread order may have at least one child hedge order pending at an electronic exchange and in response, a bracket order is submitted to an electronic exchange for the tradeable object associated with a filled leg of the synthetic spread. In response to execution of the bracket order, the child hedge order may be cancelled. | 05-30-2013 |
20130138551 | TRADABLE INVESTMENT UNIT - A tradable investment unit is an inseparable combination of a predetermined quantity of a tradable security together with a put option contract for the predetermined quantity of the tradable security. The combination will specify the minimum price and thereby the maximum potential loss of the tradable investment unit to purchasers. The profit potential will be unlimited as the price of the tradable security increases above the cost of the tradable investment unit. | 05-30-2013 |
20130144773 | APPARATUS AND METHOD FOR TRADE AGGREGATION OF TRADE ALLOCATIONS AND SETTLEMENTS - A post-trade aggregation system for financial instrument trading systems, wherein a trader manages a plurality of trade orders to be executed by one or more executing brokers on behalf of customers via a data interface system. The plurality of trade orders includes at least one wrap block order and at least one institutional block order. The plurality of trade orders are merged into a single merged block order, apportioned into a plurality of smaller electronic trade orders, and transmitted to a plurality of order destinations. One or more computer systems are in electronic communication with the data interface system and with a clearing system, and configured to compress individual executions from the plurality of order destinations corresponding to the plurality of smaller electronic trade orders into a single net marked-up step-out for wrap orders and a single average-priced block for institutional orders. | 06-06-2013 |
20130144774 | System and Method for Exchanging Institutional Research and Trade Order Execution Services - An embodiment of the present invention provides a system and method for creating an electronic marketplace, utilizing an electronic non-currency unit of exchange, that provides for and facilitates the cost effective exchange of institutional research and trade order execution services between asset management firms and executing brokers in such manner as to substantially lower trading costs and improve investment performance on a recurring basis for the shareholders and beneficiaries investing in mutual funds and other investment portfolios. | 06-06-2013 |
20130144775 | System and Method for a Request for Cross in a Trade Matching Engine - Systems and methods are provided to fulfill customer trading orders in an illiquid two sided market. Request for cross functionality may be implemented in a trading environment using a trading engine for the matching of trades involving financial instruments. Request for cross functionally integrates the benefits of a dual bid-ask continuous trading market model with the price and quantity trade matching systems and methods. | 06-06-2013 |
20130151389 | AUTOMATED TRADING EXCHANGE SYSTEM HAVING INTEGRATED QUOTE RISK MONITORING AND INTEGRATED QUOTE MODIFICATION SERVICES - An automated trading exchange having integrated quote risk monitoring and quote modification services. An apparatus is implemented using at least one computer configured to receive orders and quotes, wherein specified ones of the quotes are contained in a quote group, and have associated trading parameters such as a risk threshold. The computer generates a trade by matching received orders and quotes to previously received orders and quotes, and then determines whether a quote within the quote group has been filled as a result of the generated trade, and if so, determines a risk level and an aggregate risk level associated with said trade. The computer then compares the aggregate risk level with the market-maker's risk threshold, and if the threshold is exceeded, automatically modifies at least one of the remaining quotes in the quote group. The computer may also automatically regenerate quotes that have been filled. | 06-13-2013 |
20130151390 | SYSTEMS AND METHODS FOR ANONYMOUS ELECTRONIC TRADING - Systems and methods for anonymous electronic trading that allow a trader to hide his or her identity and inhibit trading interactions are provided. Using these systems and methods, a trader can, using various trading interfaces, control a level of trading anonymously and configure warnings that are provided to protect against inadvertent completion of potential-risk-involved trades. | 06-13-2013 |
20130151391 | System and Method for Delaying Execution of Financial Transactions - A system, computer-readable storage medium storing at least one program, and a computer-implemented method for delaying execution of financial transactions. A first message including data for a first financial transaction is received, the first message being uncorrupted. A first trading symbol that is a target of the first financial transaction is determined. The first trading symbol is determined to be a target of at least one financial transaction that was included in at least one previous message that was determined to be corrupted. Execution of the first financial transaction is delayed. | 06-13-2013 |
20130151392 | SYSTEM AND METHOD FOR PRICE-BASED ANNOTATIONS IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method for generating and displaying annotations in relation to one or more prices corresponding to trader-related or market related events are described. In one embodiment, a trader may enter an annotation to be displayed in relation to one or more price levels. Alternatively, a trader may configure a dynamic annotation to be dynamically displayed in relation to some price level(s) upon detecting a predetermined event related to one or more tradeable objects. Also, a trader may configure one or more alarms to be displayed or played in combination with the annotations. | 06-13-2013 |
20130151393 | SYSTEM AND METHOD FOR DYNAMICALLY CHANGING AN ELECTRONIC TRADE ORDER QUANTITY - A system and methods for dynamically changing a trade order quantity in an electronic trading environment are described herein. According to one example embodiment, an automated trading tool determines if a leaned on quantity of a trading strategy has increased or decreased and if so, dynamically changing a desired order quantity to reflect the change in the leaned on quantity. Dynamically changing an order quantity may be more profitable for a trader as order queue position may be maintained and portion of the desired order quantity may get filled; rather than a trader losing their order queue position and/or taking a chance of not getting any of their order quantity filled. | 06-13-2013 |
20130151394 | System and Method for Displaying Money Management Information in an Electronic Trading Environment - A system and method for displaying a plurality of profit and risk related indicators are described. A graphical interface displays and dynamically updates a plurality of profit/loss (P/L) indicators including a realized, net, and open indicator. The net and open indicators are based on a trader's net position and a current market level, while the realized indicator is based on trader's buys and sells associated with a tradeable objects. In one embodiment, the plurality of indicators are displayed in relation to a plurality of money management regions defining a maximum order quantity and a maximum net position controlling the trader's trades, so that a trader can quickly determine his current as well as potential money management parameters. The graphical interface may also display a plurality of potential risk/gain indicators in relation to a realized profit indicator so that a trader, before entering an order having a predetermined order quantity, can view a potential risk/gain in entering into a predetermined net position in view of potential market movements. | 06-13-2013 |
20130151395 | System and Method for Optimizing the Frequency of Market Information Updates in an Electronic Trading Environment - A system and method for optimizing the frequency of market information updates in an electronic trading environment are described herein. According to one example embodiment, by optimizing the frequency of market information updates, the burden on the client device to update the graphical user interface may be reduced, while still providing an accurate portrayal of the market to the user. An example method includes associating different precedence levels with messages comprising market information. Messages containing market information related to the inside market may be associated to a higher precedence level. Whereas messages containing market information relating to the quantities at prices outside the inside market may be associated with a lower precedence level. Based on the precedence level associated with a message, a client device may update the graphical user interface or the message may be stored in a data structure until a pre-defined condition is satisfied. | 06-13-2013 |
20130151396 | Trade Order Submission for Electronic Trading - Various systems and methods for trade order processing in an electronic trading environment are provided. The order processing includes initiating a first thread of instructions at a computing device to send a first trade order onto an electronic exchange. However, if one or more trade orders are identified during the process to send the first trade order, then the one or more orders are queued. When the first trade order is sent to the electronic exchange, then a second thread of instructions is initiated at the computing device to send the queued one or more trade orders (substantially together, if there is more than one) on to the electronic exchange. | 06-13-2013 |
20130159157 | ENERGY-DISUTILITY MODELING FOR AGILE DEMAND RESPONSE - An energy management system identifies one or more energy-load components, and generates an energy-disutility graph for the identified components. The energy-disutility graph can include, for each of a sequence of discrete time instances, one or more vertices that each corresponds to an alternative operating state for a component. Further, an arc that couples two vertices indicates an energy-disutility model corresponding to energy and disutility costs for the component. The energy management system also communicates an energy-demand bid to the energy provider, such that the energy-demand bid includes the energy-disutility graph. | 06-20-2013 |
20130159158 | SYSTEM AND METHOD FOR PROVIDING LATENCY PROTECTION FOR TRADING ORDERS - A system for managing trading orders comprises a memory operable to store an order associated with a first price. The system further comprises a processor communicatively coupled to the memory and operable to identify a latency value. The processor is further operable to receive a counterorder and to identify a potential trade associated with the order and the counterorder, the potential trade based at least in part on the first price. If the latency value satisfies a configurable condition, the processor is further operable to initiate a configurable period of time. If the potential trade is not valid upon expiration of the configurable period, the processor is further operable to prevent the execution of the potential trade. | 06-20-2013 |
20130159159 | Method of Creating and Trading Derivative Investment Products Based on a Statistical Property Reflecting the Variance of an Underlying Asset - A method of creating and trading derivative contracts based on a statistical property reflecting a variance of an underlying asset is disclosed. Typically, an underlying asset is chosen to be a base of a variance derivative and a processor calculates a value of the statistical property reflecting an average volatility of price returns of the underlying asset over a predefined period. A trading facility display device coupled to a trading platform then displays the variance derivative based on the value of the statistical property reflecting the volatility of the underlying asset and the trading facility transmits variance derivative quotes from liquidity providers over at least one dissemination network. | 06-20-2013 |
20130159160 | METHOD AND SYSTEM FOR CREATING AND TRADING DERIVATIVE INVESTMENT PRODUCTS BASED ON A STATISTICAL PROPERTY REFLECTING THE VARIANCE OF AN UNDERLYING ASSET - A system and method for creating a limited risk derivative based on a realized variance of an underlying equity is disclosed. In one implementation, a limited risk derivative product includes a capped value for a statistical property reflecting a variance of the underlying equity is calculated based on a pari-mutuel action. The capped value comprises a dynamic value and a cap. The dynamic value reflects an average volatility of prices returns of the underlying equity over a predefined period of time and the cap reflects a maximum value of the dynamic value. The limited risk derivative product additionally includes an average of a summation of each squared daily return of the underlying equity included in the value for the statistical property reflecting the variance of the underlying equity. | 06-20-2013 |
20130159161 | SYSTEM AND METHOD FOR CREATING AND SUPPLYING PARTICULAR DATA CONSTRUCTS IN EVALUATING WHETHER TO BUY OR SELL A TRADED SECURITY - A system and method for transforming raw trading data for a traded security so as to create new financial data constructs, which constructs can further be used in traditional methods and using other methods disclosed herein to assist in evaluating whether to buy or sell a traded security. Various trading methods, using the new data constructs, are further disclosed. New financial data constructs, including particularly Real Buying Pressure (RBP) and Real Selling Pressure (RSP), are further disclosed. | 06-20-2013 |
20130159162 | METHOD AND INTERFACE FOR PRESENTING LAST TRADED QUANTITY INFORMATION - Trading software may receive trading information from an exchange. The trading software may use the trading information to compute an estimate of last traded total sweep quantity. The trading software may also display the last traded total sweep quantity on a trading screen. | 06-20-2013 |
20130159163 | SECURITIES TRADING SYSTEM AND DEVICE - According to one embodiment, a securities trading system comprises a plurality of order sharing devices and a plurality of ordering devices. The order sharing device sends each telegram to the ordering device of a master system and the order sharing device of a slave system. The order sharing device sends each of the telegrams to the ordering device of the slave system to switch from the slave system to the master system when a failure is detected in the ordering device of the master system. The ordering device calculates statistics from market information, and uses the statistics to judge whether to permit the placement of an order with the stock exchange apparatus in the case of the master system. | 06-20-2013 |
20130166426 | Method to Convert Limited Liability Company (LLC) into C Corporation and Therein Subsequently Take It Public - For the purposes of taking any LLC public, the present invention provides for the novel sequential methodology of converting an LLC into any C corporation and then taking this entity that used to be an LLC public. The present invention also provides for the utilization of any electronic means of communication to implement this conversion, such as the computer-implemented sequential methodology of contracting for and converting the LLC into the C corporation with the subsequent issuance of stock for purposes of taking it public. | 06-27-2013 |
20130166427 | Method and Apparatus for Publishing Market Information - A method and apparatus for publishing market data for a financial instrument utilizes existing network layer acknowledgement feature to publish market data for the financial instrument to a client device at rates in which the client device is able to process the data. The publishing rate is dynamic, as opposed to being fixed, and is able to adjust “on-the-fly” so as to prevent message queue stagnation. | 06-27-2013 |
20130166428 | APPARATUS AND METHOD FOR PERFORMING TIME SYNCHRONIZATION BASED AUTOMATED POWER TRADING FOR REAL TIME PRICING SYSTEM - Provided is an apparatus and method for performing time synchronization based automated power trading for a real time pricing system. The power trading apparatus may include a time synchronizing unit to synchronize at least one of a power market server, a smart meter, and a time information to provide the power market server with time, a power purchasing and selling price monitoring unit to receive power purchasing and selling price information from the power market server to monitor power purchasing and selling prices that change in real time and to compare the power purchasing and selling prices to predetermined reference prices for power trading, and an inverter and power storage apparatus controller to controlling power conversion of an inverter, and charging and discharging of a power storage apparatus to purchase and sell power at the reference prices. | 06-27-2013 |
20130166429 | SYSTEMS AND METHODS FOR PROVIDING A TRADING INTERFACE - Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands. | 06-27-2013 |
20130166430 | TRADING ORDERS WITH DECAYING RESERVES - In various embodiments, an apparatus includes a processor and a memory. The memory is communicatively coupled to the processor. The memory stores software instructions that, when executed by the processor, cause the processor to receive a trading order for a particular quantity of a trading product. The trading order specifies that a first portion of the particular quantity is a displayed quantity and that a second portion of the particular quantity is a reserved quantity. The trading order specifies at least one of a decay rule, a decay interval, a decay rate, decay quantity, and one or more conditions. The software instructions, when executed by the processor, cause the processor to cause the reserved quantity to decay based at least in part on at least one of the decay rule, the decay interval, the decay rate, and the decay quantity, and one or more conditions. | 06-27-2013 |
20130166431 | SYSTEM AND METHOD FOR PROVIDING HIGH PERFORMANCE COMPLIANCE SERVICES USING PRE-CALCULATED RULE EVALUATION - The present invention relates to a compliance system that allows users to verify that trading rules and regulations are being followed throughout the intraday trading activity. In particular, the systems and methods of the present invention allow a user to verify compliance with trading rules locally at a trading terminal. | 06-27-2013 |
20130166432 | System And Method For Regulating Order Entry In An Electronic Trading Environment - A system and method are provided for defining slop parameters to an individual spread order or a customized group of orders. The system and method may be used to, for example, define inside slop, outside slop, and/or adjustable range parameters to one or more orders. The inside slop, outside slop, and/or adjustable range parameters may be input by a trader, and, among other things, allow a trader to prioritize orders, set parameters so that some orders are re-priced more aggressively than other spread orders. Alternatively, slop parameters associated with a spread order may also apply more restrictive slop parameters to orders within the same adjustable range. Slop parameters associated with a spread order can also be configured and modified by a trader based on the trader's preferences. Other features and advantages are described herein. | 06-27-2013 |
20130166433 | METHOD AND SYSTEM FOR COLLECTING AND PARSING MARKET DATA FROM VARIOUS SOURCES - A system comprises at least one computer device in communication with one or more server computers. The system converts unstructured text into usable order details, and uses instant messaging to notify recipients of the order details. The notices include electronic web links that launch a web interface that generates an editable, pre-populated electronic order ticket based on the order details. Submission of the electronic order ticket launches an auction during which the recipients may respond with offers to fulfill to the electronic order ticket. If after the auction more than one response is needed to fill the electronic order ticket, the system automatically allocates how and in which order the responses will be used to fill the electronic order ticket. If the electronic order ticket is not completely filled after the auction, the electronic order ticket is submitted to one or more additional exchanges for further filling. | 06-27-2013 |
20130166434 | SYSTEMS AND METHODS FOR FACILITATING ELECTRONIC SECURITIES TRANSACTIONS - Systems and methods for facilitating securities transactions are shown. In one embodiment, the method provides for receiving order information from an order management system, sending a subset of the order information to an electronic trading marketplace, receiving a quantity value from the electronic trading marketplace corresponding to a quantity of shares in a matched contra-interest, determining whether an available quantity of shares in the order information is at least the received quantity value, sending a commitment message to the electronic trading marketplace if the received quantity value is less than or equal to the available quantity of shares in the order information, and sending a deny trade message to the electronic trading marketplace if the received quantity value is greater than the available quantity of shares in the order information. | 06-27-2013 |
20130166435 | System and Method for Changing the View of a Trading Screen - A trading screen displays market information, such as working orders, buy and sell orders, and other items of interest, in association with values on a value axis. Each item of interest is therefore displayed in relation to the value axis to provide a trader with an intuitive display of the market. In one embodiment, a user can select a location associated with a particular value on the trading screen and upon an selection, for example, by a click of the mouse button, the value axis is repositioned so that the selected value is moved to a predefined location. During which, market information is moved to new locations that are associated with their respective values on the value axis. | 06-27-2013 |
20130173443 | Method and system for energy recapture - Certain embodiments of the invention may include apparatus, systems and methods for efficient implementation of energy-recapture farms for conditioning electrical power from energy-recapture sources of vehicular mechanical energy, which would otherwise be dissipated, as exemplified by farms for energy-recapture that provide available electrical energy-for commercial distribution. Said farms may include one or more energy-recapture sources. One method for aggregation may include a plurality of mechanical energy-recapture devices comprising individual source energy output of one or more energy-recapture sources, measuring conditions of one or more energy-recapture sources via a controller that facilitates communication with one or more energy-recapture sources, and managing the distribution of the conditioned electrical energy to the national electrical grid. | 07-04-2013 |
20130173444 | SYSTEM AND METHOD FOR PROCESSING COMPOSITE TRADING ORDERS AT A CLIENT - An apparatus for processing a composite trading order comprises an interface operable to display a composite value representing a weighted quantity of a plurality of trading products. The apparatus further comprises a processor operable to receive at least one input representing a composite trading order, wherein the at least one input comprises a quantity that is equal to at least a portion of the weighted quantity. The at least one input is usable to generate one or more constituent trading orders that, when filled, combine to satisfy the composite trading order. | 07-04-2013 |
20130173445 | USER INTERFACE FOR COMPUTER-IMPLEMENTED TRADING SYSTEM - A system and method are disclosed. A GUI is provided that includes at least one interactive location of a trading screen. The location corresponds to a tradeable object. A graphical object is populated with data relating to a current market condition, and the object is populated on the basis of a respective location in the trading screen. The GUI object is presented in the graphical user interface, at the respective location in the trading screen such that the GUI object presents a portion of the populated data centered around the respective location. A tactile input action associated with the object is received in the GUI, and the trade instruction is caused to be constructed that is associated with the GUI object and the received single-click action. Further, the trade instruction is transmitted to at least one computing device that is configured to execute the trade instruction. | 07-04-2013 |
20130173446 | CONTROLLING PRICE CASCADE MOVEMENTS IN AN ELECTRONIC TRADING SYSTEM - A disclosed system, method and computer readable storage medium includes mechanism for controlling cascade price movements in an electronic trading system. Price limits control the prices at which traders can place orders. An upper price limit prevents traders from placing orders above the upper limit and a lower price limit prevents traders from placing orders below the lower limit. The gap between the upper limit and the indicative market price as well as the gap between lower limit and the indicative market price is controlled so as to cause a breaking effect on very rapidly changing market price. | 07-04-2013 |
20130179319 | COMPOUND OVERNIGHT BANK RATE ACCRUAL FUTURES CONTRACT AND COMPUTATION OF VARIATION MARGIN THEREFORE - The disclosed embodiments relate to an exchange-traded futures contract, guaranteed by a clearing house, and characterized by an embedded price dynamic comprising a compound accrual of a periodic interest rate up to a date on which trading therein is terminated, as specified in the futures contract terms and conditions. A trader may be allowed and/or enabled to take a position in a futures contract with respect to an interest bearing underlier with a variable interest rate and, thereby, minimize the number of transactions and attendant costs with respect to monitoring and correcting for divergences between the futures position and the notional interest rate swap exposure for which the futures position is intended to serve as a proxy. Variation margin for the position is computed based on an underlying reference interest rate as opposed to being computed solely on the basis of the end-of-business day price of the futures contract. | 07-11-2013 |
20130179320 | MONITORING AND COMMUNICATING CREDIT DATA IN A DERIVATIVES TRADING SYSTEM - A credit monitoring system is configured to receive data on derivative trades associated with the trading entities, determine credit limit data associated with the trading entities, determine an amount at risk for each of the derivative trades and adjust the credit limit data based on the derivatives trades. The credit limit data and derivative trade data, and warnings about credit exposure approaching credit limits, may be communicated to the future commission merchants, enabling control and/or adjustment of the credit exposure of their respective trading entities. Advantageously, the monitoring system can also be expanded to include multiple swap execution facilities through centralized collection of the trading data from the swap execution facilities and/or from a swap data repository. | 07-11-2013 |
20130179321 | METHOD AND SYSTEM FOR PROVIDING AN AUTOMATED AUCTION FOR INTERNALIZATION AND COMPLEX ORDERS IN A HYBRID TRADING SYSTEM - A method of providing an automated auction for internalization for the purchase or sale of securities or derivatives in an exchange is disclosed. The method may include receiving an order at an electronic trade engine, disseminating a request for price message to at least one user in response to receiving the order, receiving a one-sided response message representative of a participant-type in response to the request for price message, selecting an allocation algorithm from a plurality of allocation algorithms, initiating the selected allocation algorithm and allocating the order according to the participant-type upon termination of the selected auction. The system may include an electronic trading engine configured to disseminate an auction message in response to an order, a database of allocation algorithms, and a trade processor for initiating an auction according the one of the allocation algorithms and terminating the auction upon defined early termination events. | 07-11-2013 |
20130179322 | SYSTEM FOR MARKET HEDGING AND RELATED METHOD - A system includes a data collection module that collects data for a plurality of fuels. A selection module selects fuels from the plurality of fuels based on the properties of the fuels to generate sets of fuels. A benchmark generating module that generates fuel commodity benchmarks indicating aggregate qualities of the sets of fuels. A fuel commodity benchmark for a set of fuels is generated based on weighted averages of the properties of the fuels in the set of fuels. A communication module communicates the fuel commodity benchmarks to traders and that receives orders for derivatives contracts from the traders based on the fuel commodity benchmarks. An order processing module processes an order for derivatives contracts based on differences between actual properties of the fuel to be physically delivered under the terms of an operative derivatives contract and the aggregate qualities indicated by an operative fuel commodity benchmark. | 07-11-2013 |
20130179323 | Managing Hedge Orders for Synthetic Spread Trading - Hedge legs for synthetic spread trading strategies are managed as attached or detached from a synthetic spread order. A legged hedge order may be changed, adjusted, deleted, cancelled or otherwise managed according to changes, adjustments, deletions ad/or cancellations of the synthetic spread order upon which the legged spread order was submitted. | 07-11-2013 |
20130179324 | METHOD, SYSTEM, AND PROGRAM PRODUCT FOR DETERMINING A VALUE OF AN INDEX - A method and system for determining and sending or posting an electronic value for an index is provided. A list of sectors is obtained. The system then accesses a database storing company information. Eligible securities are selected, assigned to sectors and ranked within each sector. A weight for each eligible security is determined. An amount for the index value of the selected eligible securities based on the weighting is calculated. The index value may be posted or outputted electronically. | 07-11-2013 |
20130185183 | Order Risk Management for Derivative Products - Systems and methods are provided for processing derivative product orders at an exchange. Traders provide derivative product order risk data to the exchange. The order risk data may include maximum delta, gamma and/or vega utilization values for derivative product contracts based on the same underlying product. Before executing a trade, a match system analyzes the trader's current utilization state and the utilization that would result after the trade. The match system may then execute all or a portion of the trade. | 07-18-2013 |
20130185184 | System and Method for Group Purchasing - A method for conducting an online group auction of homogeneous shares in an undivided lot uses a server computer accessible via a data network. An associated database contains details of an undivided lot, such as a real estate property, available for auction, and information representing a share offering. The offering comprises a number of homogeneous shares in the undivided lot, each share having an associate individual share price. Participating bidders submit bids via the data network, each bid including information identifying a maximum number of shares, and a maximum price per share. The server determines a degree of success of the bid based on an extent to which the maximum price per share exceeds a current individual share price of one or more of the homogeneous shares. The server then updates the information representing the share offering in accordance with the determined degree of success of the bid. | 07-18-2013 |
20130185185 | AUTOMATED TRADING SYSTEM FOR ROUTING AND MATCHING ORDERS - An automated system for matching orders from a virtual trading crowd in an exchange configured for trading securities or derivatives is disclosed including an electronic trade engine operative to receive an order or a quote for a security or derivative at the exchange, the trade engine further operative to disseminate a request for a price message to a plurality of market makers quoting a class in response to receiving the order or the quote, an electronic book in communication with the electronic trade engine, the electronic book operative to store at least one order or quote received by the electronic trade engine, a database including an allocation algorithm, the database in communication with the electronic trade engine, and a trade processor in communication with the database, the trade processor operative to analyze and execute orders or quotes according to the allocation algorithm selected from the database. | 07-18-2013 |
20130185186 | System and Method for Transferring Funds from a Sender Associated with a First Country Having a First Currency to a Recipient Associated with a Second Country Having a Second Currency - A system and method for transferring funds from a sender in a starting currency to a desired recipient in a final, different currency. The system and method allows a sender to select a conversion rate from a plurality of conversion rates and the associated currency converter financial institution to conduct the transfer from the sender to the recipient. | 07-18-2013 |
20130185187 | METHOD AND SYSTEM FOR AGGREGATING ORDERS FOR PRIMARY SECURITIES - A method may include receiving an order for primary securities in the form of a query. The query may include at least one variable associated with a plurality of primary issuers. The method may include identifying, by a computing device, at least one primary issuer that satisfies the query from a database of primary issuers. The at least one primary issuer may be identified based on the at least one variable associated with a plurality of primary issuers. The method may include communicating the order for primary securities to the at least one primary issuer. | 07-18-2013 |
20130185188 | EXCHANGE-TRADED WIN, LOSE OR DRAW DERIVATIVE INSTRUMENTS - Methods and systems for trading fixed-payoff derivative contracts between two or more parties based on the movement of one or more underlying financial instruments. Specifically, win, lose or draw positions for or against the occurrence of a designated price event above an underlying financial instrument's spot price before the occurrence of a designated price event below an underlying financial instrument's spot price, or vice versa, with respect to a designated time period. If neither designated price event occurs with respect to the designated time period, no loss of position is incurred by either party. Methods and systems include American-style and European-style contracts, transferable positions, multiple underlying financial instruments within the same contract, asymmetric time periods within the same contract and expirationless time periods. | 07-18-2013 |
20130191263 | TRADING SYSTEM AND TRADING METHOD - A trading computer system with a function of enabling faster trading based on real-time analysis of rich media such as video stream and voice stream. Another object of the present invention is to provide a trading computer system with a function of enabling avoiding excessive order execution while keeping low latency when there are plural rich media news data related to the same event in plural media data centers. | 07-25-2013 |
20130191264 | SYSTEM AND METHOD FOR COLLATERAL CONVERSION - A computer-implemented method and system for converting ineligible collateral including a plurality of differently securitized asset types into non-trust collateral eligible for use to cover a margin requirement for securities trading includes a processor and a memory coupled to the processor and a database configured to at least store financial information relating to the ineligible collateral, A network connection is operatively coupled to the processor, and the processor is configured to receive the financial information over the network and store the financial information in the database; create a plurality of universal collateral units (UCU) backed by the pool of ineligible collateral. Each of the created UCUs represents the non-trust collateral eligible for use to cover the margin requirement. At least a portion of the UCUs are issued as a letter of credit in an electronic form, and the letter of credit is made available to a clearinghouse or a central counterparty via the network connection. | 07-25-2013 |
20130191265 | CLOUD-BASED SYSTEM FOR PERFORMING ONLINE TRADING - A trading system including an online trading account holder having a paid subscription to access a stock exchange such that a request for performing plurality of transactions over the stock exchange by the account holder is processed by a remote server using the processing capabilities of the computing device associated with the online trading account holder such that in an event that the processing capabilities meet a predetermined criterion, the processing is done using the processing capabilities of the computing device else using the processing capabilities of the remote server. | 07-25-2013 |
20130191266 | FACILITATING ELECTRONIC AUCTION OF PREPAYMENT OF AN INVOICE - Embodiments for facilitating an electronic auction of prepayment of an invoice are disclosed. One embodiment includes a server for facilitating an electronic auction of prepayment of an invoice. For this embodiment, the server is operative to inform a supplier whether the invoice is available for meeting a defined cash need of the supplier after the invoice has been approved by the supplier and a buyer with definite terms, receive a prepayment offer from the buyer, and provide the prepayment offer to the supplier, provide the supplier with information to aid the supplier in determining whether to take the prepayment offer from the buyer, or submit the invoice with proposed prepayment terms to an exchange platform, electronically provide the invoice to the exchange platform server with proposed prepayment terms if the supplier decides to submit the invoice, wherein the exchange platform server facilitates an electronic auction of the invoice with proposed prepayment terms to a plurality of bidders and receive a bid from at least one of the plurality of bidders, and electronically facilitate payment of the invoice between the winning bidder and the supplier if a winning bid is received. | 07-25-2013 |
20130191267 | Methods and Apparatuses for Providing Implied Trading Information - Embodiments for providing implied traded information are described herein. An embodiment includes receiving last trade information and using that data to determine an amount of last trade information that is due to implied trading activity. This information may be output using a variety of screens. Other embodiments are also disclosed. | 07-25-2013 |
20130191268 | SYSTEM, METHOD, AND REPO DERIVATIVE FINANCIAL INSTRUMENT AND MARKET FOR CONDUCTING REPO SWAP/CFD TRANSACTIONS - A system and method for facilitating a “swap” between the floating and fixed rate markets or any contract derivative based on floating repo rates (i.e. futures), and a financial instrument and a market for trading such instruments, based on such transactions. The basis of this new swap/contract is to establish a fixed rate versus floating rate “swap” in the repo market. The floating rate is generally the daily broker averages, but the floating rate could be a quarterly or monthly rate or semi-annual or annual. Quarterly or monthly “floaters” will be more popular in general collateral SWAP/CFD trades. | 07-25-2013 |
20130191269 | METHOD AND SYSTEM FOR RESERVING FUTURE PURCHASES OF GOODS AND SERVICES - A method and system for reserving future purchases of goods or services or events. A sub-set of reservations from a set of available reservations used to reserve a spot in a facility or at an event are associated with and selectable with plural electronic options. The plural electronic options are also associated with reservation requests if no actual available reservation are available and automatically converted to electronic options for actual reservation if a reservation later becomes available at the facility or event. | 07-25-2013 |
20130198052 | SYSTEMS AND METHODS TO CREATE, COMPARE, CUSTOMIZE, PROMOTE, TRACK, OPTIMIZE AND SHOP FOR INDEX OR THEME BASED PORTFOLIOS OF SECURITIES - A system and associated method for conducting index or theme based basket security transactions includes a client device with a client interface, and is configured to receive an index or theme based basket client order. A host server is coupled to the client device and executes logic resources for carrying out transactions for a client. A pricing engine, an inventory account and a targets engine are included. The trading engine is configured to process the client index or theme based basket order as a single order. The trading engine enables the trading of fraction shares in real time as well as reduces a frequency of orders sent to market by executing principal trades against the inventory account. | 08-01-2013 |
20130198053 | Systems and methods to create, compare, customize, promote, track, optimize and shop for portfolios of securities in real time - A system and associated method with a target number of shares for conducting security transactions includes a client device with a client interface configured to receive a client buy, sell, sell short, or buy to cover order. A host server is coupled to the client device and executes logic resources for carrying out transactions for a client. A pricing engine and inventory account are included. A targets engine determines the target number of long and shorted shares of a security to be held by the inventory account. | 08-01-2013 |
20130198054 | Trade Matching Platform with Variable Pricing Based on Clearing Relationships - The disclosure describes systems and methods for using enhanced RFQs and incoming enhanced orders to assist in detecting implied orders using an implied spread determination module. In one example, a system includes a processor and memory storing a search list and computer-executable instructions, where the instructions determine whether the financial instrument associated with an eRFQ or new enhanced order is on the search list, and then determine if an implied order exists in combination with that financial instrument and CCP attribute designations. In some embodiments, a timer may be used to track a predetermined amount of time to spend towards determining if implied orders exist for a particular financial instrument at particular clearing houses. | 08-01-2013 |
20130198055 | AGGREGATED TRADING SYSTEM - A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions. | 08-01-2013 |
20130204759 | TRADING SYSTEM WITH PRICE IMPROVEMENT - A computer trading system has price improvement features. | 08-08-2013 |
20130204760 | Trade Action Confirmation Tool - Systems, methods, and apparatus for confirming trade actions are disclosed. An example method includes displaying a trade action cell corresponding with a trade action, receiving an initiation command, determining that the trade action was initiated based on the initiation command, receiving a confirmation command, wherein the confirmation command is a selection of the same trade action cell, and executing the trade action based on reception of the confirmation command. | 08-08-2013 |
20130204761 | E-Power exchange and management service - The present invention is a business method software program that resides in the memory of a computer network. The computer network has a server that is in communication with a plurality of client computers. The client computers reside in buildings or structures that are consuming energy. The server facilitates the command and control of the business aspect of green energy and/or electric power, via E-Power Exchange and Management Service Control Center embodied in data structures of the business method invention. | 08-08-2013 |
20130204762 | SYSTEMS AND METHODS FOR MONITORING CREDIT OF TRADING COUNTERPARTIES - Systems and methods are provided which monitor trades entered into and cleared by counterparties, track the net and gross positions of counterparties and the counterparties' parent entities, trigger warnings when counterparties or their parent entities exceed a warning limit, and shut-off counterparties' trading ability when counterparties exceed a credit limit. An operator of a credit system using these systems and methods is provided with a variety of interfaces through which the operator can set up new counterparties, search a list of counterparties, view and edit basic information for counterparties, view financial information for counterparties, view and edit notes regarding to counterparties, view and edit limits of counterparties, view position versus limit information for counterparties, view the current day's position information for counterparties, and view cumulative position information for counterparties. | 08-08-2013 |
20130204763 | OUTLIER TRADE DETECTION FOR FINANCIAL ASSET TRANSACTIONS - Tools are provided for identifying outliers or variations in trade data derived from financial asset transactions, such as securities lending transactions, foreign exchange transactions, over the counter and exchange traded derivative transactions, and equity and fixed income transactions. Such outliers may provide an indication that a given trade is suspicious or potentially inappropriate from a customer relationship point of view, a regulatory perspective, or a legal standpoint. Trades identified as outliers can be utilized in regression analyses to analyze specific trades, trader-broker relationships, or other trading activity. | 08-08-2013 |
20130204764 | METHOD OF AND SYSTEM FOR TRADING OF SYNTHETIC ASSETS - A method of and system for trading of synthetic assets is disclosed. A plurality of fractional interests in a synthetic asset are created, and the plurality of fractional interests are designated as IPO fractional interests. An initial price of the plurality of fractional interests is determined, and the plurality of fractional interests are made available in a primary market. A first user indicates a desire to acquire at least one of the plurality of fractional interests and provides funds. The fractional interests are transferred to an account associated with the first user and a portion of the funds are designated m reserved funds. A second user submits a request indicating a desire to acquire at least one of the plurality of fractional interests. The reserved funds of the first user are as free funds of the first user, and free funds of the second user are transferred to the first user. The fractional interests of the first user are transferred to the second user. | 08-08-2013 |
20130204765 | METHOD AND SYSTEM OF TRADING A SECURITY IN A FOREIGN CURRENCY - A system and method for trading a security in a foreign currency. The system comprising: an FX pricing module for maintaining FX data streamed from one or more liquidity providers; and a market manager module configured to receive original trade data associated with the security in a trading currency of the security and to generate converted trade data associated with the security in the foreign currency; wherein the market manager module generates the converted trade data based on an FX rate provided by the FX pricing module. | 08-08-2013 |
20130204766 | SYSTEMS AND METHODS FOR OPTIMAL PRICING AND ALLOCATION WITH CANCELING/MODIFYING OF INDICATIONS OF INTEREST FOR A SET OF DEBT INSTRUMENTS TO BE OFFERED - A method and system for the determination of optimal pricing and allocation of securities in an open, competitive environment. The method and system may also be used in developing pre-markets of other items that are difficult to price and allocate in a competitive manner, such as the underwriting/securitization of contracts for property; future revenue/earning streams from an asset and/or group of assets; underwritten insurance portfolios, intellectual property and other goods and services. The system of price optimization and allocation is accomplished by interactive feedback of information using a display and including competitive participation of individual members of the public (and/or their agents) or institutional buyers over a data network e.g., the Internet, uncovering the nature and identification of demand in a self-organizing fashion. Demand emerges through participants' interaction with the system and with each other, via a graphically-supported, interactive reservation process. | 08-08-2013 |
20130204767 | SYSTEMS AND METHODS FOR OPTIMAL PRICING AND ALLOCATION WITH CANCELING/MODIFYING OF INDICATIONS OF INTEREST FOR A SET OF CONTRACT RIGHTS INSTRUMENTS - A method and system for the determination of optimal pricing and allocation of securities in an open, competitive environment. The method and system may also be used in developing pre-markets of other items that are difficult to price and allocate in a competitive manner, such as the underwriting/securitization of contracts for property; future revenue/earning streams from an asset and/or group of assets; underwritten insurance portfolios, intellectual property and other goods and services. The system of price optimization and allocation is accomplished by interactive feedback of information using a display and including competitive participation of individual members of the public (and/or their agents) or institutional buyers over a data network e.g., the Internet, uncovering the nature and identification of demand in a self-organizing fashion. Demand emerges through participants' interaction with the system and with each other, via a graphically-supported, interactive reservation process. | 08-08-2013 |
20130204768 | SYSTEMS AND METHODS FOR REQUESTING A RESERVATION FOR A SET OF EQUITY INSTRUMENTS BEING OFFERED - A method and system for the determination of optimal pricing and allocation of securities in an open, competitive environment. The method and system may also be used in developing pre-markets of other items that are difficult to price and allocate in a competitive manner, such as the underwriting/securitization of contracts for property; future revenue/earning streams from an asset and/or group of assets; underwritten insurance portfolios, intellectual property and other goods and services. The system of price optimization and allocation is accomplished by interactive feedback of information using a display and including competitive participation of individual members of the public (and/or their agents) or institutional buyers over a data network e.g., the Internet, uncovering the nature and identification of demand in a self-organizing fashion. Demand emerges through participants' interaction with the system and with each other, via a graphically-supported, interactive reservation process. | 08-08-2013 |
20130204769 | Trade Matching Platform with Variable Pricing Based on Clearing Relationships - Systems and methods are described relating to swap execution facilities (SEFs), such as additional new order/spread types for use with SEFs and clearing houses (CHs). Some new order/spread types include covered calls based on clearing house (CH); peg orders based on CH; stop orders with option to get out or specify CH; UDS with or without with designation for specific CH or generic; flex with or without; cancel all within a CH or aggregated or risk based; FX Spot and TomNext™ and related spreads; energy natural hedges; intercommodity spreads; stop button by CH, exchange, or both; and other types of orders that may be modified to incorporate a CCP attribute. | 08-08-2013 |
20130204770 | Derivative Products - Methods, systems and apparatuses are described for processing and clearing derivatives products with a digital outcome and a plurality of constituents. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., a change in credit rating of reference entities of the derivative product. As a result of price adjustments, cash flow may be generated between buyers and sellers (e.g., credit and debit to accounts). The derivative product may pay a percentage of a predetermined final settlement amount upon the triggering of a predetermined event in each of the constituents of the derivative product. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated. | 08-08-2013 |
20130204771 | SYSTEMS AND METHODS REGARDING TARGETED DISSEMINATION - One exemplary aspect comprises a computer-implemented method comprising: (a) electronically receiving, from a first securities market participant, data including information related to a first order and to one or more group rankings for dissemination; (b) electronically determining with one or more processors, based on data regarding a second securities market participant and the order information and group rankings, whether the second securities market participant has a second order, on the contra side of the first order, and whether, in accordance with the group rankings, the second securities market participant is qualified to receive information about the first order; and (c) after, and only if, the second participant is determined to be qualified, transmitting information sufficient to display to the second securities market participant the information about the first order. | 08-08-2013 |
20130204772 | DEVICE, METHOD AND SYSTEM OF AUTOMATICALLY DEFINING A FINANCIAL INSTRUMENT - Devices, systems and methods of automatically defining financial derivative instruments. For example, a computer-based method may include receiving, by a computing device, an input sequence including a sequence of a plurality of input tokens; and based on the input sequence, defining, by the computing device, a financial derivative instrument by determining, based the plurality of input tokens, values of a plurality of parameters configuring the financial derivative instrument. | 08-08-2013 |
20130211990 | Risk Assessment - A risk assessment system comprising: memory for storing information about positions belonging to a portfolio of financial instruments, the portfolio comprising at least one or more orders that have been accepted but not matched; and a control arrangement configured to receive information about a new order associated with the portfolio, carry out a risk assessment for the new order based on the information about the new order, information about any trades in the portfolio and information about the one or more accepted orders, and determine whether to accept the new order based on the risk assessment. | 08-15-2013 |
20130211991 | Real-Time Trading Platform - An asset trading platform system and method is described for real-time trading of assets. The system acts as an intermediary among members, broker dealers, and exchanges, and matches orders to bids to complete transactions in real time between buyers and sellers on open markets. The trading platform provides 1-click trading for instantaneous, secure connectivity to markets and interaction with live real-time market feed data for the generation and completion of trades over wired or wireless networks. Users PCs, laptops, or wireless devices can be configured to receive a stream of market data as a streaming quote or scrolling ticker that can be acted upon in real time by multiple users across multiple financial institutions or brokers instantaneously and securely. Users can send trade details to brokerage firms, banks, or directly to exchanges with end-to-end, secure connectivity, and real-time trading capability through wired or wireless electronic exchange networks. | 08-15-2013 |
20130211992 | STOCK TRADING LIMIT ORDER COUPLED LINK (LOCK) - This invention has the potential to generate very good return on investments from stocks that are conservative in movement. This invention will greatly benefit investors that do not have the time to constantly trade stock yet want to take advantage of normal price fluctuations. The Limit Order Coupled LinK (LOCK) invention, for example, will take a buy order, complete the transaction at the specified price, then automatically resubmits a new order to sell at a specified higher price. If specified, the process can automatically cycle through the buy-sell process a set number of time allowing the investor to take advantage of intra-day market moves and normal stock price fluctuations with no personal investor evolvement. The LOCK order, with set profit margins, allows on-line traders and brokers to place one order, which will automatically generate logical, sequenced additional orders returning a profit on each transaction. LOCK will benefit both the investor and the stock trading company. | 08-15-2013 |
20130211993 | Securitization of a Commercial Transaction - A method and apparatus for generating a tradable security includes confirming a vendor's compliance with predefined terms of a commercial transaction, such that a buyer is obligated to make a due payment. The method and apparatus further includes electronically rating a financial commitment relating to a receivable account for the commercial transaction. This receivable account is rated based on conditions and factors known to a system facilitating the commercial transaction. Based on the ability for the financial commitment to be rated, a financial exchange is operative to transfer entitlement rights to monies due under the receivable account where the terms for the transfer of the entitlement rights are based at least in part on the electronic rating. Thereby, receivable accounts to commercial transactions may be tradable by one or more investors as properly rated investment. | 08-15-2013 |
20130211994 | HYBRID TRADING SYSTEM FOR CONCURRENTLY TRADING COMBINED ORDERS FOR FINANCIAL INSTRUMENTS THROUGH BOTH ELECTRONIC AND OPEN OUTCRY TRADING MECHANISMS - A system and method of trading combined orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes receiving an incoming order having a first order component and a second order component at an electronic trade engine and routing the first and second order components to a first electronic database. The first and second order components are matched and executed against order components maintained in the first and second electronic databases, respectively. Any unexecuted first and second order components are placed in an electronic book according to a predetermined program if the first or second order component cannot be completely matched against any order components maintained in one of the first or second electronic databases. The system includes a trade engine configured for receiving combined orders from market makers. | 08-15-2013 |
20130211995 | METHOD AND SYSTEM OF ENABLING INVESTMENT IN REAL ESTATE ASSETS IN EXCHANGE FOR PERIODIC PAYMENTS - A method and system of enabling an investor to invest in real estate asset in exchange for periodic payments to the owner of the real estate asset includes: a) receiving from the investor criteria for investments in real estate assets, b) obtaining a plurality of applications from the owners of their real estate assets who desire to exchange an interest in potential future appreciation of their respective real estate assets for periodic payments from an investor, each of the applications including information pertaining to the respective owner and to its real estate asset, c) storing the investor criteria and the information pertaining to the owner and its real estate asset, d) reviewing the plurality of applications to determine whether the information in the applications matches the investor criteria, and e) for those of the plurality of applications having information that matches the investor criteria, facilitating each investor to enter into individual contracts with selected ones of the corresponding owners to exchange the periodic payments for an interest in said potential future appreciation of the corresponding real estate assets of selected owners. | 08-15-2013 |
20130211996 | SYSTEM AND METHOD FOR IMPLEMENTING AND MANAGING BUNDLED OPTION BOX FUTURES - A system and method of providing a collateralized loan utilizing a clearing counterparty is disclosed. The system includes a match engine module to receive an order for a bundled box spread future representative of the collateralized loan via an options box spread. The order specifies an interest rate associated with the collateralized loan as the price of the futures contract. A trade database identifies a bundled box spread future associated with the received order and interest rate and an order book module identifies a standing order that is compatible with the received order. A clearing module credits an account with a loan amount based on the identified bundled option box future. A risk management module credits a margin amount to reflect the collateralized loan and associated collateral assets. | 08-15-2013 |
20130211997 | System and Method for Coalescing Market Data at a Client Device - A client device coalesces data received from an exchange, and provides a client application such as a graphical user interface with the opportunity to process fewer, but up-to-date, data updates from an exchange when a large volume of prices becomes available. Accordingly, the trader can be assured of receiving updated information that are fed to the client applications at a rate that is cohesive with that client device's processing speed. | 08-15-2013 |
20130211998 | SYSTEMS AND METHODS FOR REQUESTING A RESERVATION FOR A SET OF CONTRACT RIGHTS INSTRUMENTS - A method and system for the determination of optimal pricing and allocation of securities in an open, competitive environment. The method and system may also be used in developing pre-markets of other items that are difficult to price and allocate in a competitive manner, such as the underwriting/securitization of contracts for property; future revenue/earning streams from an asset and/or group of assets; underwritten insurance portfolios, intellectual property and other goods and services. The system of price optimization and allocation is accomplished by interactive feedback of information using a display and including competitive participation of individual members of the public (and/or their agents) or institutional buyers over a data network e.g., the Internet, uncovering the nature and identification of demand in a self-organizing fashion. Demand emerges through participants' interaction with the system and with each other, via a graphically-supported, interactive reservation process. | 08-15-2013 |
20130211999 | SYSTEM AND METHOD FOR ESTIMATING AND OPTIMIZING TRANSACTION COSTS - A method and system for forecasting the transaction cost of a portfolio trade execution that may be applied to any given trade strategy or an optimal trade strategy that minimizes transaction costs. In preferred embodiments, a server comprises one or more computers that act as an automated forecaster whereby it accepts user-defined input variables from customers and generates a transaction cost estimation report based on those variables. The server is programmed with specific transaction cost estimation and optimization algorithms that model the transaction costs of a specific trade execution based on the user's trading profile and market variables. | 08-15-2013 |
20130212000 | SYSTEMS AND METHODS FOR ENTERING ORDERS IN AN EXCHANGE - A trading computer receives an indication that a pointer is displayed in a price display region displaying a particular price. In response the trading computer displays an order entry region. The order entry region allows a trader to submit an order to a trading host at the particular price even if such price is no longer displayed in the price display region. | 08-15-2013 |
20130212001 | SYSTEM AND METHOD FOR PRIORITIZED DATA DELIVERY IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method for prioritized data delivery in an electronic trading environment are described herein. According to one example embodiment, by prioritizing the messages associated with a tradeable object, the bandwidth and system resource usage may be optimally reduced, and any loss of priority content in the messages sent between the network device and the client device may be reduced. An example method includes associating different priority levels with messages comprising market data. Messages containing market information related to the inside market may be associated to a higher priority level. Whereas messages containing market information relating to the quantities at prices outside the inside market may be associated with a lower priority level. Based on the priority level associated with a message, a network device may send the message directly to the client device or store the message in a data structure until a pre-defined condition is satisfied. | 08-15-2013 |
20130218739 | Secure Consolidated Exchange Feed for Order Entry and Market Data - Systems and methods are presented for communication of financial messages from an Exchange to market participants whereby messages directed to particular market participants may be consolidated with other messages directed to all market participants and communicated via the same communications medium while preserving the anonymity of those market participants to which messages are particularly directed. Accordingly, redundant communications are eliminated, reducing the overall volume of communicated data and the resources necessary in support thereof; inhibition of any one market participant intentionally or unintentionally influencing the market via exposure of their activities, or otherwise unfairly impinging on the exposed activities of other market participants, is maintained; and inequitable information access is eliminated as the consolidated messages are transmitted to all market participants substantially simultaneously over the same medium thereby minimizing or eliminating any advantage or opportunity one market participant may have to receive market information ahead of the other market participants. | 08-22-2013 |
20130218740 | TRADING SYSTEM PRODUCTS AND PROCESSES - A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described. | 08-22-2013 |
20130218741 | SYSTEMS AND METHODS FOR ELECTRONICALLY INITIATING AND EXECUTING SECURITIES LENDING TRANSACTIONS - Systems and methods are provided for conducting securities lending transactions using an electronic trading platform. In accordance with an implementation, the electronic trading platform receives, from a trader, order data comprising a plurality of orders to lend or borrow shares of securities, and information identifying a matching criterion associated with a transaction to lend or borrow the shares. The electronic trading platform identifies a counterparty capable of fulfilling at least a portion of the orders in accordance with the proposed matching criterion. The electronic trading platform may then execute transactions between the trader and the identified counterparty to lend or borrow at least a portion of the shares in accordance with terms of an active bilateral agreement between the trader and the identified counterparty. | 08-22-2013 |
20130218742 | METHOD AND SYSTEM OF PRICING FINANCIAL INSTRUMENTS - Some demonstrative embodiments of the invention include a method and/or system of pricing a financial instrument. The method may include receiving trade information of a plurality of traded financial instruments, the trade information including trade information related to a plurality of market prices corresponding to the plurality of traded financial instruments; determining at least one set of market parameter values based on a predefined criterion that relates to a plurality of sets of one or more of the plurality of market prices and to a plurality of sets of one or more model prices that are calculated for the at least one set of market parameter values by a pricing model using the trade information; and estimating a price of the financial instrument using the pricing model based on the at least one set of market parameter values. | 08-22-2013 |
20130218743 | FORWARD-LOOKING TRANSACTIVE PRICING SCHEMES FOR USE IN A MARKET-BASED RESOURCE ALLOCATION SYSTEM - Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. One of the disclosed embodiments is a method for generating a bid value for purchasing electricity in a market-based resource allocation system. In this embodiment, a desired performance value indicative of a user's desired performance level for an electrical device is received. Price information from an electricity futures market is received. A bid value for purchasing electricity from a local resource allocation market sufficient to operate the electrical device at the desired performance level is computed. In this embodiment, the computing is performed based at least in part on the desired performance value and based at least in part on the price information from the electricity futures market. | 08-22-2013 |
20130218744 | FORWARD-LOOKING TRANSACTIVE PRICING SCHEMES FOR USE IN A MARKET-BASED RESOURCE ALLOCATION SYSTEM - Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. One of the disclosed embodiments is a method for generating a bid value for purchasing electricity in a market-based resource allocation system. In this embodiment, a desired performance value indicative of a user's desired performance level for an electrical device is received. Price information from an electricity futures market is received. A bid value for purchasing electricity from a local resource allocation market sufficient to operate the electrical device at the desired performance level is computed. In this embodiment, the computing is performed based at least in part on the desired performance value and based at least in part on the price information from the electricity futures market. | 08-22-2013 |
20130218745 | SYSTEM AND METHOD FOR MANAGING AND EVALUATING NETWORK COMMODITIES PURCHASING - One or more price metrics are generated by retrieving, from a database, one or more price data sets representing a specified time period. Each of the retrieved price data sets includes at least a parameter value, a quoted cost, and a selling unit of measure for at least one item, and is responsive to a product specification data set that includes at least one parameter value and a unit of measure for each of one or more items. In at least one embodiment, a combined item price total is divided by a combined item unit total to generate a metric price per unit for each item in the product specification data set. In another embodiment, a summed individual metric price per unit is divided by the number of individual metric prices to generate an overall metric price per unit for each item in the product specification data set. | 08-22-2013 |
20130218746 | Out of Band Credit Control - Systems and method for mediating risks associated with orders in an electronic trading system are provided. A front end component includes a plurality of trading engines that receive orders from traders. A back-end component includes a match system. The system includes a credit control module, which may be located at the back-end (e.g., clearinghouse), front end, a combination thereof, or other location that communicates with the plurality of trading engines. The credit control may monitor aggregate risk parameters for the trading engines and requests credits from trading engines. | 08-22-2013 |
20130218747 | Implied Volatility Based Pricing and Risk Tool and Conditional Sub-Order Books - The Book Order Management (BOM) system provides a fully automated and efficient electronic trading environment for derivatives trading. The BOM system allows traders to electronically, in real time, both make two sided markets in any option or combination of options, and issue quotations for immediate use, so that the trader providing the quotation has the opportunity to re-evaluate and change markets if conditions change. The BOM system provides a way to efficiently determine whether the conditions placed on a contingent order are met and guaranteed, using a lock (freeze) and reserve procedure. | 08-22-2013 |
20130218748 | METHOD AND APPARATUS FOR MEASURING AND MONITORING POST-SALES CONDITIONS WITHIN A NETWORK TRADING PLATFORM - A method and a system to measure and monitor post-sales conditions within a network-based trading platform including a post-sales management module automatically to monitor post-sales parameters pertaining to an inventory of sold items and an alert module automatically to generate an alert when at least one post-sales parameter transgresses a threshold. | 08-22-2013 |
20130218749 | METHOD AND SYSTEM FOR TRANSFER OF BULK COMMODITIES - A method and system are disclosed for making bulk groupings of various products and services available for purchase and sale by an individual or a business. The method includes grouping a plurality of commodities into a bulk bundle. A first price is then established for purchase of the entire bulk bundle. A second price can also be established to permit a consumer to obtain an option to purchase the bulk bundle at a future date. A suitable communication and transaction system, such as an Internet connection, can be used to establish a market in which the bulk bundles can be transferred between or among providers and consumers. The method and system therefore combine conventional trading elements with several new elements, including the concept of partial consumption, to provide a unique method that can be applied in a variety of product and service categories. The significant benefits of price discovery and automation of transactions associated with transfer of bulk bundle commodities are also provided to the consumer. | 08-22-2013 |
20130226759 | TEST TRADING - Disclosed are systems and methods for placing and processing test orders and real orders. | 08-29-2013 |
20130226760 | ELECTRONIC SYSTEMS AND METHODS FOR PROVIDING A TRADING INTERFACE WITH ADVANCED FEATURES - Systems and methods for a trading interface with advanced features are provided. Along with providing the benchmark issue and non-benchmark issues, the trading application may also provide the trader with the ability to obtain trading information (e.g., another quad) for each of the related U.S. Treasury swaps (“T-swaps”), off-the-runs, yield curve T-swaps, and basis. In some embodiments, the trader may be provided with a customized keyboard to navigate through the trading interface. The keyboard preferably includes keys that allow the trader to quickly and efficiently switch between multiple issues in a quad. Using the keyboard, the trader may also be provided with price improvement functionality and direct dealing functionality. In some embodiments, the trading application may simultaneously display a DD ticker along with the trading quadrant that provides the trader with the progression of the direct dealings of the selected issue. | 08-29-2013 |
20130226761 | MARKET-BASED VIEW OF PROBABILITY OF DEFAULT - Systems and methods are provided for providing a credit default futures market. A system providing the credit default futures market includes a processor, memory and an interface. The interface is configured to display credit default futures contracts that subscribe to a set of standard terms and conditions. The processor is configured to settle certain credit futures contracts in kind and other in cash, depending on, at least in part, the maturity date of the futures contract. A method is presented for electronically clearing and settling probability of default futures contracts. | 08-29-2013 |
20130226762 | TRANSFORMATION OF A MULTI-LEG SECURITY DEFINITION FOR CALCULATION OF IMPLIED ORDERS IN AN ELECTRONIC TRADING SYSTEM - An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for transforming a combination or strategy contract with an arbitrary number of buy and sell legs with an arbitrary volume ratio for each leg into a form that can be used for rapid implied order calculations. | 08-29-2013 |
20130226763 | METHOD AND SYSTEM FOR GROUPING AND MARKETING CONSUMER PREMISES EQUIPMENT LOANS - The techniques introduced here provide a variety of systems and methods enabling grouping and marketing of loans for renewable energy consumer premises equipment (CPE). The techniques introduced here include, among other things, using a computer system to group loans granted to a plurality of consumers for financing CPE into one or more financial instruments. Each loan can be secured against one or more of a power proxy, real property, or a specific CPE. The techniques further include grouping, by the computer, the one or more financial instruments into a multi-class security and securing the multi-class security against payment streams for the loans. The multi-class security can be divided by the computer into a plurality of tranches. Further, the techniques introduced here, include selling an ownership interest in the multi-class security to investors via an electronic exchange. | 08-29-2013 |
20130226764 | FPGA MATRIX ARCHITECTURE - High volume data processing systems and methods are provided to enable ultra-low latency processing and distribution of data. The systems and methods can be implemented to service primary trading houses where microsecond delays can significantly impact performance and value. According to one aspect, the systems and methods are configured to process data from a variety of market data sources in a variety of formats, while maintaining target latencies of less than 1 microsecond. A matrix of FPGA nodes is configured to provide ultra-low latencies while enabling deterministic and distributed processing. In some embodiments, the matrix can be to configured to provide consistent latencies even during microburst conditions. Further book building operations (determination of current holdings and assets) can occur under ultra-low latency timing, providing for near instantaneous risk management, management, and execution processes, even under micro-burst conditions. In further embodiments, a FPGA matrix provides a readily expandable and convertible processing platform. | 08-29-2013 |
20130226765 | PLATFORM, SYSTEM AND METHOD FOR DIAMOND TRADING - A platform, system and method are herein provided to enable enhanced stone trading, the system including a stone listings data storage means, at least some of the stones being listed with a stone profile and a sell asking price; a stone buy requests data storage means; at least one pricing server including a pricing algorithm for calculating the real time estimated pricing of the listed stones; and at least one matching server including a matching algorithm for matching stone listings to stone buy requests, at least partially in accordance with the stone profile, asking price, user profile, trading history data, and estimated price, wherein at least one of the stone listing data storage means, stone buy requests data storage means, the pricing server or the matching server are cloud computing compatible. | 08-29-2013 |
20130226766 | RETAIL CONTRACT MATCHING SYSTEM - A matching mechanism for matching entities in an exchange, the entities being based on disparate criteria, the mechanism including a first input from a first set of users adapted to submit to a processor a first criterion from a first set of criteria relevant to the first set of users, which first criterion characterises an entity to be matched. The mechanism including a second input from a second set of users adapted to submit to the processor a second criterion from a second set of criteria relevant to the second set of users, which second criterion characterises another entity to be matched, wherein the first and second criteria are different. The processor is programmed to transform the first criterion into first data of a third criterion, transform the second criterion into second data of the third criterion, compare the first and second data of the third criterion and flag a match between the two entities if the first and second data of the third criteria match. | 08-29-2013 |
20130226767 | FINANCIAL PRODUCTS BASED ON A SERIALIZED INDEX - A method for trading financial instruments includes listing, by an electronic financial exchange, financial instruments that specify which version of a serialized index the financial instrument tracks; receiving, by the electronic financial exchange, an electronic indication to buy or sell the financial instrument; executing, by the electronic financial exchange, a trade involving the financial instrument; and settling the financial instrument according to the version of the serialized index specified by the financial instrument. | 08-29-2013 |
20130226768 | SYSTEMS AND METHODS FOR DISPLAYING OPTIMAL PRICING AND ALLOCATION FOR A SET OF DEBT INSTRUMENTS - A method and system for the determination of optimal pricing and allocation of securities in an open, competitive environment. The method and system may also be used in developing pre-markets of other items that are difficult to price and allocate in a competitive manner, such as the underwriting/securitization of contracts for property; future revenue/earning streams from an asset and/or group of assets; underwritten insurance portfolios, intellectual property and other goods and services. The system of price optimization and allocation is accomplished by interactive feedback of information using a display and including competitive participation of individual members of the public (and/or their agents) or institutional buyers over a data network e.g., the Internet, uncovering the nature and identification of demand in a self-organizing fashion. Demand emerges through participants' interaction with the system and with each other, via a graphically-supported, interactive reservation process. | 08-29-2013 |
20130226769 | SYSTEMS AND METHODS FOR OPTIMAL PRICING AND ALLOCATION WITH CANCELING/MODIFYING OF INDICATIONS OF INTEREST FOR A SET OF EQUITY INSTRUMENTS TO BE OFFERED - A method and system for the determination of optimal pricing and allocation of securities in an open, competitive environment. The method and system may also be used in developing pre-markets of other items that are difficult to price and allocate in a competitive manner, such as the underwriting/securitization of contracts for property; future revenue/earning streams from an asset and/or group of assets; underwritten insurance portfolios, intellectual property and other goods and services. The system of price optimization and allocation is accomplished by interactive feedback of information using a display and including competitive participation of individual members of the public (and/or their agents) or institutional buyers over a data network e.g., the Internet, uncovering the nature and identification of demand in a self-organizing fashion. Demand emerges through participants' interaction with the system and with each other, via a graphically-supported, interactive reservation process. | 08-29-2013 |
20130226770 | SYSTEMS AND METHODS FOR DISPLAYING OPTIMAL PRICING AND ALLOCATION FOR A SET OF EQUITY INSTRUMENTS - A method and system for the determination of optimal pricing and allocation of securities in an open, competitive environment. The method and system may also be used in developing pre-markets of other items that are difficult to price and allocate in a competitive manner, such as the underwriting/securitization of contracts for property; future revenue/earning streams from an asset and/or group of assets; underwritten insurance portfolios, intellectual property and other goods and services. The system of price optimization and allocation is accomplished by interactive feedback of information using a display and including competitive participation of individual members of the public (and/or their agents) or institutional buyers over a data network e.g., the Internet, uncovering the nature and identification of demand in a self-organizing fashion. Demand emerges through participants' interaction with the system and with each other, via a graphically-supported, interactive reservation process. | 08-29-2013 |
20130226771 | COMPLEX TRADING MECHANISM - Various embodiments of the present technology, an apparatus for trading, are described. In various embodiments, the trading apparatus has a trading mechanism including a message space that defines admissible orders. In various embodiments, the trading apparatus supports orders from either multi-unit orders, multi-item orders, or a combination of multi-unit orders and multi-item orders. In various embodiments, said trading apparatus comprises an order receiver for receiving admissible orders from at least one trader i. In various embodiments, said trading apparatus comprises an order storage module for storing said admissible submitted orders. In various embodiments said trading apparatus comprises a trade generator for generating trades based on said admissible submitted orders and said trading mechanism. In one embodiment, prices corresponding to the generated allocations and transfers are not determined exogenously. In various embodiments, said trading apparatus comprises a reporting module for reporting said trades. | 08-29-2013 |
20130226772 | ACQUIRING PEOPLE - Systems and methods include displaying to a user names associated with a plurality of real persons, wherein each person has related thereto a plurality of instruments that can be traded for a price, receiving from the user an order to buy or sell at least one instrument related to a first of the plurality of persons, wherein the order to buy or sell includes a number of instruments to buy or sell; and displaying to the user one or more names of one or more persons for which the user has purchased instruments. | 08-29-2013 |
20130226773 | System and Method For Creating A Market Map In An Electronic Trading Environment - A market map interface displays market information and trader-related information associated with at least two tradable objects. In one embodiment, the at least two graphical interfaces may be linked, and a user may define one or more adjustment parameters to be used to adjust the view of information being displayed via the linked graphical interfaces. For instance, a user may initiate repositioning of one of the linked graphical interfaces, thus, effectively, causing other linked graphical interfaces to be repositioned according to the defined adjustment parameters. | 08-29-2013 |
20130226774 | Method, Apparatus and Article-of-Manufacture for Managing and Supporting Initial Public Offerings and Other Financial Issues - The present invention relates generally to the field of computer-assisted business methods, and to system and articles-of-manufacture for implementing such methods. More particularly, the invention relates to computer-based methods, apparatus and articles-of-manufacture for supporting the coordination, communication, record-keeping, accounting, security and scheduling needs for the syndicate associated with an initial public offering (“IPO”) or other new financial issue. While the invention is exemplified and discussed herein with reference to IPO's, those skilled in the art will appreciate that the present invention is equally applicable to other types of securities and debt instruments, such as preferred stock, corporate bonds, municipal bonds, etc. | 08-29-2013 |
20130226775 | Processing Binary Options in Future Exchange Clearing - Systems and methods are disclosed for processing binary options (also referred to as digital options) in existing clearing systems, such as futures clearing systems. The binary option is treated, or processed, similar to standard options on a non-tradeable cash-settled underlying futures contract. A hypothetical instrument, referred to as a book instrument is created to facilitate clearing of the binary option. The book instrument has an expiration date after the expiration of the binary option, such as the day after the expiration of the binary option. For each binary option that expires in the money, a transaction is created for the book instrument future. The underlying book future has an assigned price that is a fixed amount less that the final price for the underlying statistical or actual value of the binary option at expiration. Transactions are loaded in the clearing system and processed and all positions are liquidated. | 08-29-2013 |
20130226776 | MANAGEMENT OF BUSINESS PROCESSES - First business process data obtained from a first trading participant includes a set of transaction messages having a first data format in accordance with a first protocol for conducting business transactions used by the first trading participant. A virtual trading participant receives fictitious business process data from the first trading participant and acknowledging the fictitious business process data and replying to the first trading participant that the fictitious business process data has been acknowledged. Operational characteristics and a connectivity of a currently trading participant connected to a process management platform accessible via an interconnection fabric are tested, by utilizing the virtual trading participant to determine if the data defining individual business processes is in a uniform format understood by a process management platform. The virtual trading participant is utilized to ensure compatibility with an identified version of the uniform format. | 08-29-2013 |
20130232048 | TRANSFERRING CREDITS FROM A CARRIER ACCOUNT - A stored value in a consumer account is increased by transferring credits from a carrier computer system. Credits are retrieved from the carrier computer system and transmitted to a consumer device. The consumer selects how many credits to transfer and the credits are converted to a credit amount using an exchange rate. The stored value is then increased by the credit amount and the carrier computer system is notified of the transfer. | 09-05-2013 |
20130232049 | Rate of Return Stops and Capital Return Transactions - A method and system for managing and selling investments via electronic means. An investor can establish sell order criteria based upon a preset desired rate of return. The broker thereby monitors the investment and automatically sells it on behalf of the investor once the prescribed sell order criteria are met. The investor can effectively lock in a rate of return prior to its sale without monitoring. Also provided is a method and system for returning to the investor a portion of the initial investment. Once the investment reaches a predetermined value, three simultaneous events occur. A portion or all the initial invested capital is returned to the investor for purposes of reinvestment. The investment instrument is transferred to the broker as collateral, given that its value appreciated relative to the initial purchase amount. Yet the investor still owns the “rights” to the capital appreciation for the life of the investment. | 09-05-2013 |
20130232050 | METHOD AND SYSTEM FOR CREATING AND FACILITATING THE TRADING OF A FINANCIAL PRODUCT - A method and system for intra-period estimation of index value includes the steps of providing an intra-period estimation of index value software program in a computer readable medium that is maintained in a host computer. Information is received concerning a financial investment from a data contributor, and the information includes data reported on a predetermined basis. A value is determined for each financial investment using the information. Additional information concerning the financial investment is received that includes observable data regarding each financial investment. An intra-period index is calculated using the additional information that is used in valuation of the financial activity. | 09-05-2013 |
20130232051 | Cross-Currency Implied Spreads - The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies. | 09-05-2013 |
20130232052 | PERIODIC RESET TOTAL RETURN INDEX FUTURES CONTRACTS - A periodic reset total return index may be based on a standard index, such as an equity index. The value of the periodic reset total return index may be the sum of the standard index plus the income flow generated by the index, such as dividends generated by stocks. The periodic reset total return index valuation may be deployed as the basis for a futures contract. On a periodic basis, the income flow accrued for the preceding period are passed from the short to the long position holder, with a corresponding adjustment of the settlement price of the contract. The expiration of the contract may be settled at the sum of the underlying index quotation plus the income flow accrual for the previous period. A buyer of a futures contract based on a periodic reset total return index receives the performance of the index plus the intervening income flow accrual. | 09-05-2013 |
20130232053 | FINANCIAL INSTRUMENT DISCOVERY, TRANSPARENCY, COMMUNICATION, AND TRADING FACILITATION - This disclosure allows parties to virtualize prospective and existing financial instruments (including derivative and other analogous complex financial instruments) and other data set into one or more computer software applications via a user authoring software toolkit, and to upload such one or more virtualized instrument to a cloud hosting environment (or analogous online storage ecosystem) for further sharing of such virtualized instruments with interested parties over a communications network where other market participants may engage with the cloud hosting environment and search for, download, and review such virtualized instruments. Further, the Disclosure allows for downloading parties and authors to communicate directly and to do such “peer to peer” communications on an anonymous, partially anonymous, or non-anonymous basis, and have such communications be secure and/or encrypted. | 09-05-2013 |
20130232054 | METHOD AND SYSTEM OF TRADING A STANDARDIZED CONTRACT - A system, method, and corresponding computer program product facilitates trading of a standardized contract. The terms of the contract may be such that it provides a payout from one party to the other based on the price, yield, level or other measure of an asset, basket, index, financial contract, other financial instrument or some economically significant variable observed at or around two specified times, both such times being after the time that the standardized contract is first available for trading. Alternatively, the terms of the contract may be such that it provides that one party has the right but not the obligation either to purchase or to sell some asset at a price which is determined at a first specified time, such right to be exercised at some time not later than the second specified time, both such times being after the time that the standardized contract is first available for trading. These and other related contracts are described. | 09-05-2013 |
20130232055 | Method and System for Providing Option Spread Indicative Quotes - A computer network and method for electronically trading combinations of derivatives. One preferred method of trading includes providing quotes information to a central server, and determining indicative quotes for combination trades, and providing the non-binding, indicative quotes to market participants (which typically includes subscribers, but may also include market makers). A participant may then submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market Makers may then elect to submit a binding quote for the corresponding derivative combination. Market participants may then elect to enter a binding order. | 09-05-2013 |
20130232056 | SECURITIZATION OF SALES PARTICIPATION CERTIFICATES - The invention relates to financial products that provide a return that is a function of future sales/revenues, preferably gross sales/revenue, over a specified period of time. One embodiment of a method for creating such a financial product includes providing standard forms to an issuer and underwriter and standard terms to an issuer and investors. The terms to the issuer include providing capital to the issuer in exchange for a return that is a function of future sales over a specified period of time. The process further includes creating instruments representing investment in the financial product. The process creates the instruments in sufficient numbers and in appropriate denominations to facilitate trading in the financial product. | 09-05-2013 |
20130232057 | SYSTEM AND METHOD FOR FLEXIBLE SPREAD PARTICIPATION - A system and method for risk analysis of a portfolio of derivative products is disclosed which is conducted based on a set of flexible rules. The system and method allow creating predefined sets of products for the purpose of future risk offsets. If a futures trade as a subset of that set of products that met a threshold level, then the subset is assigned the offset value (or a pro rata or other portion of the offset value) of the predefined set. For example, assume that the predefined set consists of one S&P 500 futures, one NASDAQ futures, one S&P Midcap 400 futures and one Russell 1000 futures and the threshold is three. If the futures trader holds any three of those four futures, the three futures can be grouped, assigned an offset value, and this group can be used as one asset for purpose of further risk offsets. | 09-05-2013 |
20130232058 | DETERMINATION OF IMPLIED ORDERS IN A TRADE MATCHING SYSTEM - A computer implemented method for determining implied orders in an electronic trading system is provided. The method comprises receiving a first set of one or more real orders, wherein the orders are not tradable against each other. One or more implied orders are identified within the first set of real orders. Market data corresponding to the implied orders can also be identified. At least one additional order is received and the tradability of the additional order is determined against the real or implied orders within the first set of real orders. A resting set of orders is determined from those real and implied orders within the first set of orders not affected by the tradability of the additional order. Implied orders are determined from within the set of resting orders. | 09-05-2013 |
20130238478 | SYSTEM AND METHOD FOR PROVIDING DEBT SECURITIES DENOMINATED IN VIRTUAL CURRENCIES - The present invention generally relates to provision of debt securities and other securities/commodity trading instruments. In particular, embodiments of the invention relate to a computer implemented system and method for providing debt securities, options and other securities/commodity trading instruments denominated in a virtual currency. | 09-12-2013 |
20130238479 | SLICER ORDER QUANTITY REDUCTION TOOL - The disclosed embodiments generally relate to a slicer order quantity reduction tool. An example method for reducing a quantity of a slicer order includes calculating a collective quantity associated with available ones of a plurality of child orders; comparing the collective quantity and a reduction amount received in connection with a quantity reduction request for the slicer order; and determining, when the comparison indicates that the available ones of the child orders have insufficient quantity to meet the reduction amount, whether inflight ones of the plurality of child orders collectively have sufficient quantity to make up a shortfall of the available ones of the child orders. | 09-12-2013 |
20130238480 | Dynamic Metals Index Methodology - A computer-generated dynamic metals index is determined based on inventory states of ten metals consisting of aluminum, copper, zinc, nickel, tin, lead, gold, silver, platinum and palladium and which have been assigned a base weight related to market liquidity and economic importance. | 09-12-2013 |
20130238481 | HYBRID TRADING SYSTEM FOR CONCURRENTLY TRADING SECURITIES OR DERIVATIVES THROUGH BOTH ELECTRONIC AND OPEN-OUTCRY TRADING MECHANISMS - A system and method of allocating orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes permitting multiple quotes to be disseminated to the market, but limiting market making to only those entities having a physical presence on the floor of the exchange. Methods of enhancing the hybrid electronic and open-outcry exchange also include automatically eliminating crossed quotes and locked quotes while permitting certain orders to trade against locked quotes. | 09-12-2013 |
20130238482 | MARKET FOR FIXED INCOME ASSETS AND OVER-THE-COUNTER DERIVATIVES - A computer-based method includes receiving a first indication from a first computer-based user interface terminal that a first party seeks a counterparty for a financial transaction involving a transfer of a first quantity of a fixed income asset or over-the-counter (OTC) derivative. receiving a second indication from a second computer-based user interface terminal that a second party seeks a counterparty for a financial transaction involving a transfer of a second quantity of the fixed income asset or OTC derivative, and locking the first party and the second party into a commitment to transfer ownership of the first quantity or the second quantity of the fixed income asset or OTC derivative at a first sales price that is not revealed to the first party or the second party prior to locking into the commitment. | 09-12-2013 |
20130238483 | CURRENCY WEIGHTED CROSS BORDER LISTING EXPOSURE - A method and a system for currency weighted cross border listing exposure utilize a favorability factor that may be determined between a first and a second currency. A search may be executed that returns listings in both currencies. A subset of those listings in the second currency may then be presented in accordance with the favorability factor. | 09-12-2013 |
20130238484 | INVESTMENT FUNDS ENABLING A BOND LADDERING STRATEGY - An open-ended fund, such as an ETF, holds fixed-income securities and has a liquidation date. An order management system receives buy orders from a plurality of investors for purchasing shares of the fund receives and sell orders from a plurality of investors for selling shares of the fund. A fund management information system determines a yield for each investor based on the shares of the fund purchased by the investor and the fixed-income securities held by the fund at the time that the shares were purchased. The fund management information system also determines a plurality of distribution payments and a final liquidation payment for each investor so that the distribution payments and the final liquidation payment provide the yield determined for the investor when the investor purchased shares of the fund. This enables investors to use the fund in a bond laddering strategy. | 09-12-2013 |
20130238485 | System and Method for Displaying Profit Related Information in an Electronic Trading Environment - A system and method for displaying a plurality of profit and risk related indicators are described. A graphical interface displays and dynamically updates a plurality of profit/loss (P/L) indicators including a realized, net, and open indicator. The net and open indicators are based on a trader's net position and a current market level, while the realized indicator is based on trader's buys and sells associated with a tradeable object. In one embodiment, the plurality of indicators are displayed in relation to a plurality of money management regions defining a maximum order quantity and a maximum net position controlling the trader's trades, so that a trader can quickly determine his current as well as potential money management parameters. The graphical interface may also display a plurality of potential risk/gain indicators in relation to a realized profit indicator so that a trader, before entering an order having a predetermined order quantity, can view a potential risk/gain in entering into a predetermined net position in view of potential market movements. | 09-12-2013 |
20130246238 | Investment Portfolio Exchange System and Method - The present invention discloses a method, and apparatus for a computer-implemented financial investment system that permits investors to exchange their portfolios and trading activities of the portfolios via Internet. A registered user's portfolio contains financial products and trading activities of the financial products. A user can publish his/her portfolio and the portfolio's trading activities. A user can view other user's portfolios and the trading activities of the portfolios. The platform facilitates trading portfolio and trading idea exchanges among registered users. | 09-19-2013 |
20130246239 | METHOD AND SYSTEM FOR IMPROVING EQUITY TRADE ORDER ACKNOWLEDGEMENT TIMES - A method and system for improving stock exchange equity trade order acknowledgment times including a network appliance (“trade accelerator”) in the sub-network of the trading platforms, having a specialized network flow processor with associated micro-code and a host processor running specialized software. Specialized network appliance software sensitive to trading protocols for communicating between trading platforms and exchange servers detects latency variations in trade order acknowledgments at the exchange and recommends to subscribing trading platforms a least latency trade order path. | 09-19-2013 |
20130246240 | METHOD AND SYSTEM FOR REQUESTING A RESERVATION FOR A SET OF CONTRACT RIGHTS TO BE OFFERED - A method and system for the determination of optimal pricing and allocation of securities in an open, competitive environment. The method and system may also be used in developing pre-markets of other items that are difficult to price and allocate in a competitive manner, such as the underwriting/securitization of contracts for property; future revenue/earning streams from an asset and/or group of assets; underwritten insurance portfolios, intellectual property and other goods and services. The system of price optimization and allocation is accomplished by interactive feedback of information using a display and including competitive participation of individual members of the public (and/or their agents) or institutional buyers over a data network e.g., the Internet, uncovering the nature and identification of demand in a self-organizing fashion. Demand emerges through participants' interaction with the system and with each other, via a graphically-supported, interactive reservation process. | 09-19-2013 |
20130246241 | Dynamic Slicer Order Scheduling and Analysis Tool - A tool and method for dynamically managing and executing slicer order is disclosed. The tool and method provide a mechanism by which component parts of the slicer order such as the parent order and one or more child orders can be modified while the slicer order is executing according to a slicer plan. Modification of the executing slicer order results in an analysis and recalculation of the slicer plan to accommodate the requested modification(s). | 09-19-2013 |
20130246242 | Apparatuses, Methods And Systems For A Periodic Auction Reset Securities Optimization Engine - Dynamic management of one or more portfolios of securities, in particular, portfolios of Periodic Auction Reset Securities (PARS) is disclosed. The dynamic management for the specification of rules for investor accounts by which optimization of this type of portfolio may occur and allows financial institutions or other wealth management entities to easily maintain and invest in PARS holdings for multiple accounts. For example, the dynamic management systems and methods can provide for the maintenance of a large number of separate accounts that contain PARS, centralize the maintenance of PARS positions, allow management of central PARS accounts in line with guidelines specified in one or more account profiles, allow sales traders to specify additional guidelines, and/or automate account analysis, trade generation and/or participation in the auction process. | 09-19-2013 |
20130246243 | System and Process for Creating, Monitoring, and Transforming Multiple Interests of One or More Issuer Entities at System Determined Intervals Based on a Variable or Index - The disclosed embodiments relate to information systems and to real-time processes residing on a computer system. More specifically, the disclosed embodiments relate to systems and methods for creating, monitoring, processing, and transforming the beneficial interests of one or more entities which issue two or more offsetting claim interests which are linked to changes in an endogenous or exogenous variable or index. Such offsetting interest claims will be subject to transformation by the system where system transformations will modify the relative entitlements. | 09-19-2013 |
20130246244 | Derivative Products - Systems and methods are described for processing and clearing derivatives products with a binary outcome and having a final settlement based on a triggering event. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., the credit rating of a reference entity. As a result of price adjustments, cash flow may be generated between buyers and sellers. The derivative product may pay a predetermined final settlement amount or percentage upon the triggering of a predetermined event. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated. | 09-19-2013 |
20130246245 | System And Method For Integrating Trading Operations Including The Generation, Processing And Tracking of Trade Documents - First and second components of the present invention, in combination, provide a customer interface for initiating a trade transaction and provides for the secure viewing of the status of the transaction. A third component assists in the automatic generation and verification of the voluminous and detailed documents required to support a trade transaction. The third component additionally tracks and assists in the management of the seller's manufacturing and shipment of the goods that form the basis of the trade transaction. A fourth component automatically generates a Letter of Credit from a Purchase Order and performs a reconciliation function on payments made pursuant to Letters of Credit or open Accounts. | 09-19-2013 |
20130246246 | SYSTEM AND METHOD FOR TRADING COMMODITIES AND THE LIKE - A system for trading commodities and the like comprising a computer, a communications link between the computer and the Internet, a database, accessible by the computer, containing a plurality of user files wherein each of the user files contains a plurality of transaction parameters corresponding to one or more indications associated with the user file. The transaction parameters govern the presentation and acceptance of indications associated therewith. The system further includes a database, accessible by the computer, containing a plurality of indications wherein each of the indications contains information corresponding to open bids or offers for commodities, and an indication selection submitted by a user over the communications link. Software executing on the computer receives the indication selection, retrieves an indication corresponding to the indication selection from the indication database, queries a user file in the user database corresponding to the indication to determine transaction parameters associated with the indication, and presents the indication to the user in accordance with any determined transaction parameters. | 09-19-2013 |
20130246247 | Hedging Risks Associated with Variable Priced Orders for Derivative Financial Products - Systems and methods are provided for executing a hedge transaction in connection with the execution of a derivative product order in which the price of the derivative product is defined by one or more variables. The hedge transaction may be executed at an exchange or match engine that is different from the exchange or match engine executing the derivative product order. The execution of derivative product transaction may be contingent on the existence of an appropriate hedge transaction. Alternatively, a best efforts approach may be used to fill the hedge transaction order after executing the derivative product transaction. | 09-19-2013 |
20130246248 | SYSTEMS AND METHODS FOR MAINTAINING THE VIABILITY OF A GOOD-UNTIL-BETTERED ORDER TYPE IN ELECTRONIC TRADING SYSTEMS - Systems and methods of trading items on an electronic trading system according to the invention are provided. The embodiments of the invention are based at least in part on a new order type. The new order type is a modification of a conventional good-until-bettered order type. A good-until-bettered bid/offer is received along with instructions that specify a good-until-bettered increment value and/or duration. The good-until-bettered order is maintained in the electronic trading system until a bid/offer that is better by the specified plurality of standard trading increments is received by the electronic trading system and/or remains in the system for the good-until-bettered duration. | 09-19-2013 |
20130246249 | METHOD AND SYSTEM FOR MANAGING EXCHANGE TRADED FUNDS USING AN INTRADAY INDICATIVE VALUE - A computer system is provided. The computer system includes a computing processor configured to process data for share creation and redemption and near-real time share valuation for an Exchange Traded Fund (“ETF”) that invests in at least one derivative product. The computing processor is also configured to create an intraday indicative value (“IIV”) file for the ETF based on the data processed, the IIV file including an accumulated change in value of the at least one derivative product in which the ETF invests. The accumulated value includes a gain or loss of the at least one derivative product during a previous trading day. The computer system further includes a publication processor configured to publish the IIV file to an authorized participant such that the authorized participant can utilize the IIV file to calculate an intraday indicative value of the ETF. | 09-19-2013 |
20130246250 | SYSTEM AND METHOD FOR ACTIVITY BASED MARGINING - A system and method for factoring in a trader's trading activity into the margin requirements is disclosed. In the securities arena, day traders are assessed different margins than non-day-traders, however, the specific profile of the trader is analyzed (that is, the same rule applies to all day traders). | 09-19-2013 |
20130246251 | System and Method for Displaying Profit Related Information in an Electronic Trading Environment - A system and method for displaying a plurality of profit and risk related indicators are described. A graphical interface displays and dynamically updates a plurality of profit/loss (P/L) indicators including a realized, net, and open indicator. The net and open indicators are based on a trader's net position and a current market level, while the realized indicator is based on trader's buys and sells associated with a tradeable object. In one embodiment, the plurality of indicators are displayed in relation to a plurality of money management regions defining a maximum order quantity and a maximum net position controlling the trader's trades, so that a trader can quickly determine his current as well as potential money management parameters. The graphical interface may also display a plurality of potential risk/gain indicators in relation to a realized profit indicator so that a trader, before entering an order having a predetermined order quantity, can view a potential risk/gain in entering into a predetermined net position in view of potential market movements. | 09-19-2013 |
20130254085 | Online Produce Brokerage - Disclosed are computer systems for facilitating market transactions between sellers, buyers, and carriers of perishable commodities. One system includes computer hardware that: features computer readable memory containing program code; and is organized according to client-server architecture. In the same embodiment, the hardware plus associated program code and architecture are configured for: sellers to list the prices and quantities of perishable commodities; buyers to search or bid for listed commodities by price; buyers to order listed commodities for delivery; a seller's approval of orders; buyers or sellers to list haul orders based on approved orders, wherein the haul orders identify a pickup and delivery location plus the ordered quantities of commodities; carriers to search for and provide a price quote for serviceable haul orders; buyers or sellers to approve quoted prices for a haul orders; and, buyers, sellers, or carriers to negotiate payments for approved commodities or haul orders. | 09-26-2013 |
20130254086 | GIFT CARD CREDIT EXCHANGE - Systems, apparatus, methods, and computer program products for gift card exchange. The gift card holder is able to exchange either the full purchased amount or a residual balance amount. In specific embodiments, gift card credit may be exchanged for financial institution account credit, such as savings, checking, credit card account credit. Thus, gift card exchange alleviates the problem of undesired gift cards (i.e., gift cards from merchants that the recipient does not prefer). Moreover, gift card exchange of residual balances eliminates the problem related to unknown residual gift card balances and keeping track and possession of multiple gift cards with minimal residual balances. | 09-26-2013 |
20130254087 | Web-based peer-to-peer electronic negotiations - Electronic peer-to-peer negotiations are provided which a user accesses via a web-based application. A requestor sends a request for quote. A liquidity provider can respond with a desired price or decline. If the liquidity provider responds, the requestor is given time to accept or decline the trade. The liquidity provider can change the negotiation price while the negotiation is live. If the liquidity provider's price change favors the requestor at the same time the requestor is agreeing to the prevailing negotiation price, the trade will be executed at new price. If the price change has moved the price to a level beyond which the requestor has signaled at the same time the requestor is agreeing to the price, the transaction will not occur. This Abstract is submitted with the understanding that it will not be used to interpret or limit the scope or meaning of the claims. | 09-26-2013 |
20130254088 | Computer-Based Systems and Methods for Efficiently Trading Bundles of Volatility Instruments - Computer-implemented system, method and apparatus for constructing and executing a realized volatility bundle representing a bundle of daily realized volatility futures contracts for a set term (e.g., monthly, quarterly, yearly, etc.) or combination of dates (i.e. unemployment, earnings dates, election results, etc.). A full term is set for a transaction to fully execute, where the term is bundled into a plurality of sub-terms having a shorter period than the full term. During execution, a portion of the transaction is realized market-to-market according to each sub-term, until the full term is reached. | 09-26-2013 |
20130254089 | SYSTEM AND METHOD FOR CLEARING TRANSACTIONS - A trading platform for trading financial instruments that provides the ability to manage customer credit limits, assess credit risks, and provide clearing certainty of trades. In an exemplary embodiment, the trading platform includes computer software modules and provides graphical user interfaces to handle the process of assessing credit risk, obtaining clearing certainty from a clearing member prior to trade execution, and providing notices of the existence or absence of clearing certainty with regard to particular trade requests. | 09-26-2013 |
20130254090 | FORWARD-LOOKING TRANSACTIVE PRICING SCHEMES FOR USE IN A MARKET-BASED RESOURCE ALLOCATION SYSTEM - Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. One of the disclosed embodiments is a method for generating a bid value for purchasing electricity in a market-based resource allocation system. In this embodiment, a desired performance value indicative of a user's desired performance level for an electrical device is received. Price information from an electricity futures market is received. A bid value for purchasing electricity from a local resource allocation market sufficient to operate the electrical device at the desired performance level is computed. In this embodiment, the computing is performed based at least in part on the desired performance value and based at least in part on the price information from the electricity futures market. | 09-26-2013 |
20130254091 | System and Method for Online Trading Using an Electronic Spreadsheet - A system and method for receiving streamed, real time quotes with respect to financial instruments. The system applies a spreadsheet based investment strategy to the real time quotes, generating electronic orders based on the results of the investment strategy analysis and transmitting the orders for real time execution. The system generates a unique order identifier that allows users to actively track the status of orders in real time. This unique order identifiers can be shared with other users so that other trading strategies can be developed to execute upon the successful execution of the order (e.g., hedging). | 09-26-2013 |
20130254092 | SYSTEM AND METHOD FOR MANAGING AND EVALUATING NETWORK COMMODITIES PURCHASING - One or more price metrics are generated by retrieving, from a database, one or more price data sets representing a specified time period. Each of the retrieved price data sets includes at least a parameter value, a quoted cost, and a selling unit of measure for at least one item, and is responsive to a product specification data set that includes at least one parameter value and a unit of measure for each of one or more items. In at least one embodiment, a combined item price total is divided by a combined item unit total to generate a metric price per unit for each item in the product specification data set. In another embodiment, a summed individual metric price per unit is divided by the number of individual metric prices to generate an overall metric price per unit for each item in the product specification data set. | 09-26-2013 |
20130254093 | Method and System for Quantity Entry - A trading screen may include a plurality of next trade quantity regions that comprise a plurality of locations, each location being associated a price on a price axis. The quantities can be entered into the various locations in the next trade quantity regions and the entered quantities can be used as a parameter of a future trade order at the associated price level. The trading screen may also include a plurality of quantity entry regions that are displayed with respect to the price axis. The quantity entry columns may each include plurality of sub-regions or locations corresponding to different price levels in the price axis. The quantity entry columns may be used to specify next traded quantities that may be used in placing orders for tradeable objects. | 09-26-2013 |
20130254094 | Structured financial instruments - A method of assembling a structured financial instrument, including electronic methods of pricing, selling, and administering the structured financial instrument are provided. A minimum deposit and a specified term are specified. The structured financial instrument is indexed to at least one economic indicator. A percentage of the original deposit may be withdrawn at a specified interval without penalty, with interest calculated at the end of the term reduced to reflect any prior partial withdrawals. The structured financial instrument is insured from the FDIC. In the event of death, a death benefit is provided equal to the value of the structured financial product on the date of death. At a specified time, a structured financial product holder has an option of choosing to lock in a specified percentage of the index gains to date, in exchange for re-upping the structured financial product into a new structured financial product of equal or greater term length and using a similar return framework as the original structured product. In additional embodiments, nursing home liquidity and required minimum distributions liquidity can be provided. | 09-26-2013 |
20130262282 | MULTI-LEVEL AUTOMATED HEDGING PROCESS WITH VOLATILITY EVALUATION TOOL - An automated method, computer system and computer readable storage medium for performing automated trading activities is disclosed. The method includes generating, based on historical market data, a definition that defines a scenario associated with an initial position that must be executed, wherein the definition further defines a value delta of an interest of the initial position. The method further includes receiving market data and searching the market data for the scenario of the definition. The method further includes matching market data with the scenario of the definition and, responsive to matching the market data, executing the initial position. The method further includes matching market data with the scenario of a first level hedging action and, responsive to matching the market data with the scenario, executing the first level hedging action, wherein the first level hedging position hedges the initial position. | 10-03-2013 |
20130262283 | Controlling Operation of a Trading Algorithm Based on Operating Condition Rules - Methods, systems and computer-readable storage media are provided for controlling operation of a trading algorithm based on operating condition rules. Certain embodiments provide a method including determining, using a computing device, an approval of use of a trading algorithm by monitoring for an occurrence of an operating condition defined in an operating condition rule. The example method includes determining if the trading algorithm complies with the operating condition rule during the occurrence of the operating condition. The example method includes sending, using the computing device, a notification to a trading instrument to approve or not approve the use of the trading algorithm. The trading algorithm is to be used to implement a trading strategy. | 10-03-2013 |
20130262284 | METHOD OF, AND SYSTEM FOR, REAL ESTATE INDEX GENERATION - A method and system for generating a real estate property index uses real estate data including price data, property data and time of sale data that are entered into a computing apparatus. The time of sale data is manipulated to provide consecutive triple times giving two consecutive time periods (e.g., March, April, May 2007 and April, May, June 2007). A transform function, preferably a long function, is generated with two time dummy variables, and the coefficients of the two time dummy variables are extracted and added to generate a transformed growth rate. The reverse transform function, preferably an anti-log function, is generated to provide the desired untransformed growth rate. | 10-03-2013 |
20130262285 | COMPUTER METHOD AND SYSTEM FOR INTERMEDIATED EXCHANGES - This invention includes computer systems that exchange messages in order to facilitate an intermediated exchange of financial commodities between a plurality of participants. The messages are exchanged according to a preferred protocol that leads to a satisfactory exchange that meets the objectives of the participants, and that substantially maximizes in a fair manner the total amount of financial commodities exchanged. Optionally, the invention employs heuristic rules in association with the preferred protocol that adapt the protocol to the time and exchange requirements of financial commodities. In other embodiments, this invention is equally applicable to the exchange of any tangible or intangible commodities. In a general embodiment, this invention further includes a preferred message-exchange protocol for the construction of computer programs representing exchange participants and an intermediary. | 10-03-2013 |
20130262286 | APPARATUS, METHOD AND SYSTEM FOR A VERSATILE FINANCIAL MECHANISM AND TRANSACTION GENERATOR AND INTERFACE - Versatile Financial Mechanisms and Transactions Generators and Interfaces (VFMTGI) involve the creation of effective apparatuses, methods, and systems for solutions to create and/or leg complex versatile financial mechanisms. The VFMTGI facilitates user removal of significant transactional risk exposure as the methods, systems and apparatuses facilitate user data entry into spreads that represent alternative futures. Aspects of an implementation of the VFMTGI facilitate investor execution and completion of multiple financial transactions, simultaneously, as a single transaction. The methods, systems and apparatuses facilitates simplification of complex transactions. An implementation of the VFMTGI involves changing risk exposure and/or otherwise hedging a user's underlying position, enabling a user to make a selection to buy or sell an interrelated multi-leg financial transaction from the user's underlying position, which enables identification of subcomponent financial instruments for generating a new position for the user's underlying position. | 10-03-2013 |
20130262287 | Offload Processing of Data Packets Containing Financial Market Data - Various techniques are disclosed for offloading the processing of data packets that contain financial market data. For example, incoming data packets can be processed through an offload processor to generate a new stream of outgoing data packets that organize financial market data in a manner different than the incoming data packets. Furthermore, in an exemplary embodiment, the offloaded processing can be resident in an intelligent switch, such as an intelligent switch upstream or downstream from an electronic trading platform. | 10-03-2013 |
20130262288 | Publish and Subscribe System Including Buffer - Systems and methods for delivering a plurality of trading data messages to a server in connection with the monitoring the trading of financial instruments are provided. A listener subscribes to a subset of the plurality of trading data messages generated by market participants or components within the trading platform. A buffer receives the subset of the plurality of trading data messages and stores the subset of the plurality of trading data messages. A server, such as a live alerts server, receives the subset of the plurality of trading data messages stored from the buffer and analyzes the subset of the plurality of trading data. | 10-03-2013 |
20130262289 | USER INTERFACE FOR SEMI-FUNGIBLE TRADING - A user interface and method are disclosed for providing trading between a plurality of semi-fungible and non-fungible goods. A plurality of book axes are displayed in a single interface, each book axis representing a market for a particular good. Orders for goods are displayed as marks on the axes to display the relative value of the orders. A value axis is provided that relates the value of the goods from each market to each other. Thus, a single interface provides the means to relate the values of different semi-fungible goods. The value axis may be displayed in units of price, or a custom value designated by a user or pre-defined by the interface. Quantity information is represented in the interface through the display of a dimension of an order icon. Precise information about each order is displayed either in a panel view or a pop-up window. | 10-03-2013 |
20130268421 | Dynamic Agricultural Index Methodology - A computer-generated dynamic agricultural index of value to investors is determined from a rules-based weighted assessment of market liquidity and economic importance of fourteen agricultural markets of soybeans, corn, soft red winter wheat, hard red winter wheat, soybean oil, soybean meal, canola, sugar, cocoa, coffee, cotton, live cattle, feeder cattle and lean hogs. | 10-10-2013 |
20130268422 | Tabs Based Drag and Drop Graphical Trading Interface - The interface comprises one or more grids, each grid typically associated with a specific security. GUI objects or icons representing orders of a specific quantity may be dragged and dropped onto the grid to place, change, or cancel orders. The Grids are contained within tab pages, which are further contained as tab sets. Status icons are used to represent open, filled, and cancelled orders. The Icon Locate and Order locate feature allows orders on the Grid and Icons in the status panels to be easily associated and cross referenced by a visual indication. Status Icons may be stamped with their associated order type, quantity, trading symbol, and or status. Similarly, the status icons may take the form of corporate logos and adjust in size according to the value or quantity of a position. An Icon packing feature allows status icons to be efficiently placed within their total panel area such that the status icons are visible to the user. Advertising content may be displayed on the trading interface main window and also conveniently packaged within any tabpage or panel. | 10-10-2013 |
20130268423 | COPY TRADING SYSTEM AND METHOD - A system and method are disclosed that include, in one or more implementations, receiving, with one or more processors from a computing device associated with a broker/dealer, electronic transaction information representing a first transaction executed by a first user. At least one other user is identified to receive a notification of a transaction associated with the first user. A notification that represents the first transaction is transmitted to at least one computing device respectively associated with at least one other user, and an instruction is received that represents an order to execute a second transaction on behalf of the at least one other user. The second transaction copies the first transaction, and the one or more processors generates and transmits an instruction to execute the second transaction. | 10-10-2013 |
20130268424 | Commodity Futures Index and Methods and Systems of Trading in Futures Contracts that Minimize Turnover and Transaction Costs - This invention relates to methods and systems for reducing transaction costs and minimizes turnover in the trading of futures contracts. The invention further describes an algorithm whose output is a unique method of investing in futures contracts that reduces the rate of turnover, and thus the cost of trading, of certain common trading strategies. The primary application of this method is to a class of strategies referred to as indexing strategies that incorporate a dynamic asset allocation approach using futures contracts. | 10-10-2013 |
20130268425 | Foreign Currency Index - Systems and methods are provided for trading and calculating the composition of foreign currencies indexed financial instruments. The compositions of the financial instruments are determined by calculating a geometric average of the exchange rates of foreign currencies with corresponding competitive weights. The competitive weights for each of the foreign currencies reflects competition between the goods of the United States and a country corresponding to the foreign currency in the markets of third countries. | 10-10-2013 |
20130268426 | REMOTE COMMUNICATION TERMINAL FOR TRADING ON THE EXCHANGE MARKETS - A terminal for trading on exchange markets, comprising a monitor and a keyboard (real or virtual), a device providing transfer of funds to user's account and withdrawal of funds from the user's account and/or money dispending, a device for remote connection configured to display a graphical interface with fields for displaying target information, connected to a control server for the user's account state. The device provides transfer of funds to/from the user's account and/or money dispensing, built into the terminal case, or located outside the case and connected to servers of exchange markets for displaying in fields of information about the current quotations, positions and calculation of profit and loss for each transaction, thus the specified unit also has a feature of displaying of positions and with a feature of input of the price for a rate (point) change and a position amount through the keyboard. | 10-10-2013 |
20130268427 | TERMINAL FOR TRADING ON THE EXCHANGE MARKETS - A system for financial transactions includes a terminal for trading on the exchange markets, comprising a monitor for displaying target information with a keyboard-type input device, a money input device for financial operations, as well as with communication devices for remote servers and a computing device for graphic information displaying and for settlement transactions. The computing device broadcasts quotations received from exchange markets and can transfer, by a signal of trading session termination, of a profit to current account of the payer or distribution of the profit through an integral cash dispenser. The terminal has a unit of the position or transaction amount choice and limiting of risks to the amount of this position or transaction, and the computing device can calculate transaction calculation, input of the price of change of at least one rate and input of increased or decreased position or invariance position of a future quotation. | 10-10-2013 |
20130275284 | Pre-Hedge Rules and Tools for Creating Pre-Hedge Rules - The disclosed embodiments provide pre-hedge rules and tools for creating pre-hedge rules. An example method includes receiving an indication that a first leg of a spread trade is at least partially filled; and in response to the indication and before an order associated with a second leg of the spread trade is placed, determining whether a condition defined in a rule is satisfied and, when the condition is satisfied, performing an action defined in the rule. | 10-17-2013 |
20130275285 | METHOD AND A COMPUTERIZED EXCHANGE SYSTEM FOR PROCESSING TRADE ORDERS - Methods and computerized exchange systems | 10-17-2013 |
20130275286 | Computerized Method for Platinum Bond Financing By EB-5 Investor Visa Regional Center - In some embodiments, a comprehensive computer system and method (See FIGS. | 10-17-2013 |
20130275287 | BINARY OPTION STRUCTURE WITH PERFORMANCE RANKING WITHOUT MARKET MAKER - In a binary option structure, trades of buyers do not having counterpart trades of a market maker. Instead, for each order in a series, a digital processor assigns a zero value to orders whose barrier was not hit and for buyers whose barrier was hit calculates a distance between an entry price and the barrier, the digital processor ranking the distances of buyers associated with each order in the series. Upon expiration of the touch option, the digital processor divides the ranking into a winning part and a losing part and calculates payouts to buyers in the winning part by dividing the total investment series, less any commissions, among buyers in the winning part of the ranking. A display structure seen by participants shows current ranking. In response, buyers can move their barrier after placing the order, provided the barrier was not been hit, and without crossing the entry price. | 10-17-2013 |
20130275288 | Interactive grid-based graphical trading system for real time security trading - An interactive grid-based graphical trading system for use in securities trading provides a dynamic, visual display of trading data consisting of orders, quotes and indices, for any security and for any number of market participants. The trading data are plotted on a grid consisting of cells arranged in rows and columns, which are associated with specific parameters. Distinct visual presentation styles are used, and differences in the price parameter are represented spatially. The values of the price and other parameters associated with the same orders and quotes are mapped against the values associated with the rows and columns of the grid. A trader may place or modify trading orders by interacting with the trading data displayed on the grid, and with specific GUI objects displayed on the same grid. Trading instructions are generated and transmitted to a market participant, in a manner transparent to the trader. | 10-17-2013 |
20130275289 | Method and Interface for Consolidating Price Levels on a Trading Screen - A trading screen may display price and quantity information for price levels in a static axis of prices. The static axis of prices may be divided into two or more different regions. The price and quantity information for one or more of the regions may be consolidated from price and quantity information from plurality of un-consolidated price levels. | 10-17-2013 |
20130275290 | SURPLUS ELECTRICITY TRADING SYSTEM, AUCTION SYSTEM, AND SURPLUS ELECTRICITY TRADING METHOD - An auction apparatus is provided including a receiver that receives sales information from a supply system that generates and supplies electricity and receives bidding information from at least one electricity transmission system. The sales information includes a sales period of surplus electricity and a sales volume of the surplus electricity. The apparatus also includes a controller that selects a purchaser from among the at least one electricity transmission system based on the bidding information; a transmitter that transmits the sales information to the electricity transmission system, based on the receipt of the sales information from the supply system and that transmits, to the supply system, an auction result; an electricity receiving unit that receives the surplus electricity from the supply system; and an electricity transmission unit that transmits the surplus electricity to the purchaser. | 10-17-2013 |
20130275291 | Controlling Markets During a Stop Loss Trigger - A system mitigates market spike effects caused by conditional ordering triggering and election in an automated matching system. The system monitors trading as a result of cascading triggering of conditional orders. When an order is executed beyond a predetermined price threshold, an instrument may be flagged, allowing matching to occur only at or within the predetermined price threshold. Orders within the price threshold are matched at the price threshold against orders beyond it, dampening any instantaneous damaging effects of the price spike. The system may adjust the price threshold when market appropriate, allowing the order flow to bring the market back to whatever is the true price level. The system mitigates purely conditional order cascade driven price fluctuations, but allows the market to continuously trade in controlled price and time intervals ensuring that true market moves can still occur without price control mechanisms hindering trade matching and true price discovery. | 10-17-2013 |
20130282546 | GENERATING INCOME FROM UNUSED CREDIT - A system includes one or more computers operable to electronically receive a request to deposit a first unused credit guarantee with a financial institution, and an unused credit account database configured to store the unused credit guarantee in a corresponding electronic account. | 10-24-2013 |
20130282547 | Exchange-Traded Basis Derivative Contracts - An exchange computer system creates, trades and/or otherwise manages basis derivative contracts. At maturity, a basis derivative contract may have two components. A first component may require a party to the basis derivative contract to make or take some type of delivery related to a particular subject matter. A second component may require the basis derivative contractee to accept a further obligation under one or more derivative contracts related to the subject matter. | 10-24-2013 |
20130282548 | MONETIZING FINANCIAL BROKERAGE DATA - Method and systems for monetizing financial brokerage accounts are disclosed. One aspect for certain embodiments includes mining data from financial brokerage accounts and monetizing the mined data and providing to the customer an unlimited number of free trades for an unlimited period of time. | 10-24-2013 |
20130282549 | COMPUTERIZED APPARATUS FOR ENHANCED TRANSMISSION OF ORDERS AND MARKET DATA BETWEEN TRADERS AND ONE OR MORE EXCHANGES - An automated market data distribution system uses proprietary order flow information to provide a trader (or an automated trading system) with an enhanced version of a received market data feed that avoids the need for the trader or automated trading system to always wait for a response to a prior order from such exchange before submitting further orders. The data distribution system preferably comprises a geographically distributed data network with market data enhancement and intelligent order routing capabilities in each region that not only provides each region with market data that is enhanced with order flow data from other regions, but that also employs statistical data and heuristics to re-route and/or cancel orders from a trader in one region to an exchange in another region. | 10-24-2013 |
20130282550 | Monetizing Financial Brokerage Data - Method and systems for monetizing financial brokerage accounts are disclosed. One aspect for certain embodiments includes mining data from financial brokerage accounts and providing to the customer an unlimited number of free trades for an unlimited period of time and not advertising to the customer on items or services that are identical or similar to items or services already purchased by the customer. | 10-24-2013 |
20130282551 | ACQUIRING PEOPLE - Systems and methods are disclosed for displaying to a user, names associated with a plurality of real persons, wherein each person can be acquired by the user at a respective monetary value, displaying to the user a value of an account, receiving from the user a request to acquire a person, responsive to the request, reducing the value of the account by a monetary value of the acquired person, and displaying to the user the name of the acquired person. | 10-24-2013 |
20130282552 | AUTOMATED FOREX FUNCTION IN AN ASSET STORAGE AND TRANSFER SYSTEM - A method of transferring asset value between a first storage media for storing and transferring asset value denominated in a first currency and a second storage media for storing and transferring asset value denominated in a second currency. A FOREX system includes a third storage media for storing and transferring asset value denominated in the first currency and a fourth storage media for storing and transferring asset value denominated in the second currency. A first asset value amount, denominated in the second currency, to be transferred to the second storage media is determined. The FOREX system determines a third asset value amount denominated in the first currency, based on a second asset value amount denominated in the second currency. The first storage media transfers the third asset value amount to the third storage media, and the fourth storage media transfers the second asset value amount to the second storage media. | 10-24-2013 |
20130282553 | System and Method for Trading Derivatives in Penny Increments While Disseminating Quotes for Derivatives in Nickel/Dime Increments - A system and method for trading derivatives in penny increments while disseminating quotes for derivatives in nickel/dime increments is disclosed. A trading engine receives quotes for a derivative in penny increments from at least one entity. The trading engine rounds out the quotes for the derivative in penny increments to quotes for the derivative in nickel/dime increments. The quotes in nickel/dime increments are aggregated and disseminated. The trading engine receives bids and offers to take positions in the derivative based on the aggregate quotes for the derivative in nickel/dime increments and executes trades for the derivative by matching bids and offers to buy and sell positions in the derivative. | 10-24-2013 |
20130282554 | Interest Rate Swap Compression Match Engine - The disclosed embodiments relate to a system for trading using a central counterparty which allows market participants to minimize risk and/or transactional fees associated with a portfolio of bilateral positions without substantially altering a risk profile thereof. In particular, the disclosed embodiments allow a market participant holding a portfolio of heterogeneous bilateral positions, such as positions in interest rate swap (“IRS”) contracts, to net together similar but not identical positions within their portfolio, thereby reducing margin requirements and/or transaction fees, according to criteria specified by the market participant, and which may be different from criteria specified by other market participants, wherein the overall risk exposure desired by the market participant in entering into the positions remains substantially unchanged as does the desired overall risk exposure of the counterparty market participants to those positions. | 10-24-2013 |
20130282555 | SYSTEM OF EXCHANGE TRADING (EMBODIMENTS) - An exchange trading system comprising of a computer-assisted device having a feature of access to information about tendering and output of this information to the users' terminals, as well as a feature of input of position for increase or decrease in the cost of a quotation and cost of one minimum price change for this quotation. Terminals for real time trading sessions on the exchange, such as a smartphone. The computer-assisted device is a server configured to enable taking a position and calculation of profit and loss within the amount of money on the user's account. The control unit for the personal user account state has a feature of control for the state of the user's account registered in the organization of trading host and crediting by means of payment systems and money input devices and transfer of money to the account or cash payment. | 10-24-2013 |
20130290157 | Computerized Method for Automated Foreign Exchange Market Transactions - The present invention is an automated proprietary application that provides a user with trade parameters to allow new trades to be opened and closed, and also provides an operating schedule that such new trades are to be initiated. Both the trade parameters and the operating schedule are entirely user defined. The present invention acquires data from a market information database in order to calculate market derived trending signals. These market derived trending signals determine if the user's defined trade parameters have been fulfilled. The user creates the operating schedule to designate the times and dates at which a new trade could be opened. These trades are unable to be opened if every trade parameter has not been fulfilled. The present invention can execute direct trades, reverse trades, or perform no trades in which these trade actions are determined by the trend of a selected currency pair. | 10-31-2013 |
20130290158 | METHODS OF MAKING AND EXECUTING INVESTMENT TRANSACTION DECISIONS - A method of making, and executing investment transaction decisions. The method involves a trading strategy which operates on two levels, based on sets of at least three simple moving averages, including back testing to establish a decision base for decision making. As a first level, the trading strategy can ascertain a general direction of the market for a specific investment vehicle. The trading strategy uses multiple simple moving average crosses as basis for triggering transaction signals and/or transaction signal alerts. | 10-31-2013 |
20130290159 | SYSTEM, METHOD, AND APPARATUS FOR PROVIDING A PREDICTION-BASED MARKETPLACE - Provided is a system, method, and apparatus for implementing a prediction-based marketplace. For example, the system may include one or more processing units operable to: receive a prediction for an outcome of an event from a seller, determine a price to offer the prediction for sale to the buyer, provide the prediction to a buyer, receive an indication by the buyer to purchase the prediction, process a payment from the buyer to purchase the prediction, determine the actual outcome of the event that is predicted, compare the actual and predicted outcomes of the event; and distribute the payment in a manner so that the buyer and seller each receive a portion of the payment based on the comparison of the actual and predicted outcomes. | 10-31-2013 |
20130290160 | System and Method for Making Positions Held by a Trader Fungible - Positions held by a trader are made fungible by selecting a first position in a first futures contract that is deliverable and selecting a second position in a second futures contract, wherein the first and second futures contracts are traded in a first and second market, respectively. Offsetting the first and the second positions eliminates a delivery obligation of the trader. | 10-31-2013 |
20130290161 | Object-Oriented Time Series Generator - In one embodiment, an expression comprising a left-hand side and a right-hand side is received. The left-hand side specifies one or more market instruments, and the right-hand side specifies a method that is to be applied based on the left-hand side of the expression. The expression is parsed. A time series is generated by applying the method based on one or more sets of data values associated with the one or more market instruments. The generated time series is stored in computer data storage. | 10-31-2013 |
20130290162 | Leg Pricer - An electronic trading system utilises a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. The tradable combinations may include spread orders where one leg of the spread has a different tick size than the other or where the tick of the spread contract is different from the tick size in one or both legs. A method and system for calculating on tick leg prices in an equitable and predictable manner is provided. | 10-31-2013 |
20130290163 | High Speed Processing of Financial Information Using FPGA Devices - A high speed apparatus and method for processing financial instrument order books are disclosed. With respect to an exemplary embodiment, a reconfigurable logic device is employed to synthesize quote events associated with a plurality of financial instruments from a financial market data feed. | 10-31-2013 |
20130297474 | METHODS AND SYSTEMS FOR SHOWING PERSPECTIVE IN MARKET DATA - Methods and systems are disclosed for providing perspective to market data. In one embodiment, market data is displayed in a three-dimensional perspective that emphasizes important aspects of market data while minimizing less important aspects. In some embodiments, market data is mapped to an object that automatically moves to display the inside market. In another embodiment, orders can be entered, manipulated, and/or canceled in conjunction with, or separately from, the object. Single and combination gestures can be used to perform one or more commands for entering orders and viewing market data. In one embodiment, multiple displays from one or more different types of computing devices are used in conjunction with each other for operating and/or displaying a portion of the aspects of the disclosed technology. In another embodiment, a filter component is used to show select market data and to enter or trigger specific types of market orders. | 11-07-2013 |
20130297475 | ROBUST POSITION DETECTION, CAUSE-AND-EFFECT AND RULE DETERMINANTS TO GOVERN EXCESSIVE RISKS FOR GLOBAL REGULATORY COMPLIANCE - The robust position detection, cause-and-effect and rule determinants to govern excessive risks for global regulatory compliance (DCRD) method and system detects positions, determines rules to apply to position information, identifies causes and effects of positions, and distributes short position report information to appropriate recipients to govern excessive risks for global regulatory compliance. The DCRD methods and system may be configured to implement a rule engine and reporting solution in order to function as an expert system. The DCRD methods and system detect short positions, and identify cause-effect associated with short positions that form systemic risks. The DCRD methods and system determine rules applicable to the short positions by testing the cause-effect of the short position information in relation to the rules and validates the strategic effect the short positions prior to reporting for the short position information to governance and compliance according to one or more rule criteria. | 11-07-2013 |
20130297476 | Systems and Methods of Derivative Strategy Selection and Composition - A method and apparatus of selecting derivative strategies, where candidate derivative strategies are selected from a set of essentially all possible derivative strategies available for an underlying, based upon a user's market sentiment for an underlying, to perform favorably under the foreseen conditions being most appropriate to the user's strategic intent and the choices afforded by the relevant markets. | 11-07-2013 |
20130297477 | CONTINUOUS MEASUREMENT AND INDEPENDENT VERIFICATION OF THE QUALITY OF DATA AND PROCESS USED TO VALUE STRUCTURED DERIVATIVE INFORMATION PRODUCTS - One embodiment of the present invention relates to a system for measurement and verification of data related to at least one financial derivative instrument, wherein the data related to the at least one financial derivative instrument is associated with at least a first financial institution and a second financial institution, and wherein the first financial institution and the second financial instruction are different from one another. | 11-07-2013 |
20130297478 | SYSTEM, METHOD, AND COMPUTER-READABLE MEDIUM FOR IMPROVING THE EFFICIENCY AND STABILITY OF FINANCIAL MARKETS - A method to assist in the operation of a financial market. The method including receiving one or more transaction messages, where the one or more transaction messages include one or more orders or order commitments to be executed on the financial market; imposing one or more delays on the one or more orders or order commitments using a delay algorithm; processing the one or more order or order commitments by opening the one or more transaction messages after the one or more delays; matching the opened orders or order commitments; and executing the matched orders or order commitments. | 11-07-2013 |
20130297479 | DYNAMIC SELECTION OF A QUOTING LEG BASED ON LIQUIDITY - Certain embodiments of the present inventions provide for dynamic selection of a quoting leg based on liquidity. Certain embodiments of the present inventions utilize various techniques for determining the liquidity of one or more legs. Certain embodiments provide for selecting a leg to quote based on the determined liquidity. Certain embodiments provide a configuration interface for specifying techniques to be used in determining a liquidity value for a particular tradeable object. Certain embodiments provide for liquidity indicators being presented in various user interfaces. | 11-07-2013 |
20130297480 | Network and Method for Trading Derivatives - A computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station in the network acts as a facilitator for the market makers and subscribers to make a trade at an Exchange. In another embodiment the network managing station consummates the trade between a market maker and a subscriber by matching binding quotes and orders and clears the trade at an Exchange. The computer network for electronically trading derivative comprises: (a) network managing station; (b) one or more market maker stations; (c) one or more subscriber stations; (d) one or more Exchanges. The network managing station connects market makers and subscribers for making real time indicative quotes, issuing requests for quotes, obtaining binding quotes and wherein the market maker and subscriber are in communication with an Exchange for sending binding quotes and orders to the Exchange for clearing and confirming transactions. | 11-07-2013 |
20130297481 | PERFORMING FINANCIAL TRADING VIA SOCIAL NETWORKS OR VIA INSTANT MESSAGING SERVICES - Various embodiments of a method for performing financial trading via a social network, in which a social network and a financial network are both provisioned and linked, after which messages intended for the financial network are posted on the social network. Various embodiments of a method for mirroring financial trading via a social network, in which mirror conditions in a financial network are defined, and then changed, deleted, or supplemented, by messages posted on a social network. Various embodiments of receiving information from multiple sources, and then posting a response on a social network to be read by other users of the social network, a financial network, or other networks. Various embodiments of a method for performing a dialogue on a social network to manage an account pre-existing on financial network, including inquiring about financial status or financial trading via the social network. | 11-07-2013 |
20130297482 | System and Method for Selectively Directing Financial Transactions to Designated Parties - A computerized trading platform for performing Enhanced Allocation of contracts from an order to Lead Market Makers depending on the number of contracts to be traded at a national best bid offer (NBBO). After all customer orders have been processed, lots of a small size order (SSO) will be preferentially directed to a Lead Market Maker without sharing. For each incoming order that is not a small size, if the Lead Market Maker is quoting at the NBBO, its participation entitlement is equal to the greater of (i) the proportion of the size of the LMM's quote to the total quote size at the LE-BBO, (ii) sixty percent (60%) of the contracts to be allocated if there is only one (1) other Market Maker quotation at the LE-BBO and (iii) forty percent (40%) of the contracts if there are two (2) or more other Market Maker quotations at the LE-BBO. For purposes of allocation, all Market Maker Priority interest at a certain price level shall be aggregated. Lead Market Makers may additionally be entitled to at least the small size order. | 11-07-2013 |
20130297483 | SYSTEM, METHOD, AND APPARATUS FOR TRADING IN A DECENTRALIZED MARKET - A method and system for facilitating the execution of transactions in a decentralized market are provided herein. The decentralized market includes a number of execution points each associated with and maintained in a secure environment by a single participant. Each participant is able to control the amount of data that is made publicly available, if at all, regarding any transactions that are conducted at that participant's execution point. | 11-07-2013 |
20130297484 | Public Offering Risk Management - The present invention provides an auction system that allows IPO sales to be offered in an open and transparent manner, wherein, a certain percentage (up to 100%) of shares in an IPO can be offered to qualified bidders at a “buy now” pre-auction price, set by an issuer and/or underwriter. Investors can be allowed to “bid some shares out of the auction process” and thus guarantee those investors' allocation while also allowing bidders to participate in an open auction for other shares. Shares of stock to be offered in an IPO can include a subset of pre-auction price shares and a subset of auction price shares. The pre-auction price shares are offered to pre-auction bidders at a pre-auction price, and auction shares are generally sold to the highest bidder. Pre-auction sales can serve as a catalyst for generating enthusiasm for an associated IPO auction. | 11-07-2013 |
20130304620 | USING A VALUE-ASCERTAINABLE ITEM TO OBTAIN CREDIT AT A THIRD-PARTY MERCHANT - Techniques are provided for providing value to a user in exchange for the user's value-ascertainable item. In one technique, the user, while in a merchant's store, uses a mobile device to scan a QR code that triggers a browser application to send a request to an exchange service over a network. The request includes data that is associated with the merchant. The user provides card data of a particular gift card to the exchange service. The exchange service checks the balance of the card and sends an offer for the card to the user. If the user accepts, then the exchange service sends account information and/or a bar code to the user's mobile device. The account information or bar code can be used immediately by the user to purchase one or more items at the store. | 11-14-2013 |
20130304621 | Algorithmic Trading Management System and Method - Embodiments of the invention are directed to a computer-implemented system and method for facilitating electronic market participation of traders. The algorithmic trading management system may comprise an algorithm and/or sequence usage and construction module providing conditional user interface features for allowing traders to construct algorithms or sequences to structure trading orders. The system may additionally include sequence modification components for allowing traders to modify algorithms collected from external sources in order to customize trading orders. The system may further include operator intervention tools for allowing traders to manually influence sequence execution through a user interface. | 11-14-2013 |
20130304622 | METHODS AND SYSTEMS FOR COMPUTING TRADING STRATEGIES FOR USE IN PORTFOLIO MANAGEMENT AND COMPUTING ASSOCIATED PROBABILITY DISTRIBUTIONS FOR USE IN OPTION PRICING - Exemplary methods and systems for creating uncorrelated trading strategies and deriving associated implied probability distributions of the price of an underlying financial instrument at future times are disclosed, applicable to stock market prices, interest rates, currency exchange rates, commodity prices and credit spreads. | 11-14-2013 |
20130304623 | STOCK RANKING & PRICE PREDICTION BASED ON NEIGHBORHOOD MODEL - A system and method of aggregating and ranking stocks based on the earning capabilities of each stock. The novel system and method use a neighborhood model of pricing trend prediction to aggregate a plurality of “neighboring” or related stocks to predict pricing of one stock within the plurality of related stocks. The system facilitates investors trading stocks by using the novel methodology to rank the stocks and by having an easy-to-use interface. | 11-14-2013 |
20130304624 | Method and System for Displaying and Trading Spreads - A trading application can receive price and quantity information for tradeable objects. The trading application can compute implied price and quantity information for spreads of the tradeable objects. Direct and indirect price and quantity information for the spreads can be displayed in a manner that shows the relationship with each other and with the price and quantity information for the tradeable objects. | 11-14-2013 |
20130304625 | MANAGING TRADING ORDERS BASED ON PRIORITY - A system for managing trading orders comprises a memory operable to store a first trading order for a particular trading product, wherein the first trading order comprises a display portion and a reserve portion and is received from a first trader. The memory is further operable to store a second trading order for the particular trading product, wherein the second trading order comprises a display portion and a reserve portion and the second trading order is received from a second trader after the first trading order. The system further comprises a processor communicatively coupled to the memory and operable to receive from a counterparty trader a counterorder for the trading product. The processor is further operable to use the counterorder to fill the display portion of the first trading order. The processor is further operable to use the counterorder to fill the display portion of the second trading order. After filling the display portion of the second trading order, the processor is further operable to exclusively offer at least a portion of the counterorder to the first trader for a configurable period of time. | 11-14-2013 |
20130304626 | SYNCHRONIZED PROCESSING OF DATA BY NETWORKED COMPUTING RESOURCES | 11-14-2013 |
20130304627 | EXCHANGE ORDER PRIORITY RETENTION FOR ELECTRONIC TRADING USING AUTOMATIC BOOK UPDATES - The present invention involves providing a computer based platform for allowing a user to establish a target trading book; evaluating the user's unmatched exchange trades to determine an actual trading book at a point in time; determining a differential between the target trading book and the actual trading book; and identifying at least one exchange trade action to transition from the actual trading book to the target trading book, wherein the exchange trade action is based on preserving at least one unmatched order with the oldest possible entry time stamp. | 11-14-2013 |
20130304628 | TECHNOLGY FOR PRODUCING RELATIVE PERFORMANCE BASED INDEXES WITH CORRESPONDING TRADABLE FINANCIAL PRODUCTS - Technology is described for constructing benchmark-adjusted relative performance indexes that reflect total performance of a traded, target security relative to a benchmark instrument. Derivative instruments, such as exchange-traded futures and options, allow investors to take precise hedging or speculation positions on target security relative to the benchmark instrument. | 11-14-2013 |
20130311346 | COMPUTER-IMPLEMENTED MATCHING METHOD AND ENGINE - A computer implemented method and system for publishing best public limits and corresponding quantity and for matching an incoming outright order against price best match limits at corresponding quantities during the continuous trading phase is provided. An incoming outright order is entered in an incoming order book side. It is determined if the incoming outright order satisfies a matching condition by evaluating the sum of the incoming outright order limit and the best match limit of the outright order book side opposing to the incoming outright order book side wherein the best match limit of the outright order book side opposing to the incoming outright order book side also considers outright order book combinations resulting to the outright order book side opposing the incoming outright order book side. | 11-21-2013 |
20130311347 | GENERALIZED ORDER ALLOCATION SYSTEM AND METHOD - A computer-implemented method and system for allocating quantities of a plurality of orders stored in an order book side at a price level selected for execution is provided, wherein each order has a quantity and a entry time. A time sensitivity parameter is predefined, wherein the time sensitivity parameter is a non-negative real number representing a specific allocation scheme. The quantity to be allocated is received and is executable against the plurality of orders stored in the order book side at a price level selected for execution. A matched quantity is determined for each order of the plurality of orders stored in the order book side at the price level selected for execution. | 11-21-2013 |
20130311348 | Fitting digital currency into modern transactional ecosystems - This application described methods and means to construct a viable trading ecosystem for digital currency, gradually rising to local, and global prominence as the modern way to represent money. The application regards various media options to express the digital bit sequence which reflects the monetary value and the identity of the digital coin, including hard copies, and electronic variety. It Describes the ways to fuse a digital coin with any well defined terms of payments, and how to manage such coins as they are forwarded for redemption. The application describes various security means to insure the integrity of the digital mint. It also describes how to construct a hierarchy of authentication nodes such that each node has sufficient information to authenticate a digital coin, but not sufficient information to defraud a higher-up node. The application also describes how to inter-relate any number of independent digital mints so as to mutually honor each others' coins and thereby appear to the trader as a single mint. | 11-21-2013 |
20130311349 | Model-Based Selection Of Trade Execution Strategies - Effective selection of trade execution strategies using a multi-dimensional model is disclosed. A relationship exists between order difficulty and execution strategy. Execution strategy depends on order difficulty, and order difficulty has many dimensions. The multi-dimensional model classifies trade orders according to the dimensions, and then maps these classified trade orders into suitable execution strategies. For each trade order, one or more appropriate strategies are automatically selected and presented to the trader to assist the trader in making an informed and timely decision. | 11-21-2013 |
20130311350 | SYSTEMS AND METHODS FOR IMPLEMENTING POST-MATCHING TRADING - Systems and methods for implementing post-matching trading are provided. A financial instrument transaction system may include a database configured to store financial instrument information for reference entities; a memory for storing execution instructions; and a processor. The processor may execute the instructions. The processor may initiate a trading session for a predetermined duration. Prior to and during the trading session, the processor may receive from a plurality of trader clients trading instructions associated with the reference entity. The instructions may include either a buy or sell position and a price. At the end of the trading session, the processor may determine, based on predefined criteria, whether the trading session qualifies for a post-matching session. If the trading session qualifies for a post-matching session, the processor may provide a graphical user interface to a selected group of traders for trading in the post-matching session. | 11-21-2013 |
20130311351 | Systems and Methods for Determining Optimal Pricing and Risk Control Monitoring of Auctioned Assets Including the Automatic Computation of Bid Prices for Credit Default Swaps and the Like - Embodiments of the invention provide an innovative, fully-automated system that facilitates the buying and selling of debt-based derivatives and other assets. The techniques described herein eliminate opaqueness, inefficiencies, and lack of risk monitoring and provide an end-to-end, highly efficient reverse-auction platform that considers many aspects of risk control and other parameters. This is accomplished while computing a true CDS price by incorporating reference entity, primary and secondary insurance company default risks. Furthermore, the reference entity pricing model decouples the borrower from the entity issuing the debt and eliminates rating inflation due to digital discontinuity. | 11-21-2013 |
20130311352 | SECURITIES TRADING SIMULATION SYSTEM - According to one embodiment, a market information simulator delivers a simulation time faster than a real time to a market simulator. The market information simulator delivers historical market information including the same time as the simulation time to an algorithm processor. The algorithm processor orders and determines the historical market information, and sends, to the market simulator, order information in which a time in the historical market information is added to order contents. The market simulator creates market board information from the historical market information. The market simulator determines the market board information and the order information by agreement. | 11-21-2013 |
20130311353 | Foreign Exchange Trading System - Computer-implemented trading of financial products can include using a first communication channel to stream offering data for a plurality of different financial products from a server to a trading terminal. A second communication channel can be used to receive request for offers about ones of the financial products from the trading terminal. Such request can include user-specified parameters that modify or further specify characteristics of the desired products. Offers may then be determined for the product in accordance with the user-specified parameters and transmitted (over the second communication channel) back to the trading terminal. Each communication channel can be allocated a different priority and/or different level of system processing resources to optimize the allocation of system resources based on the criticality of data on each channel. | 11-21-2013 |
20130317961 | METHODS AND SYSTEMS FOR ORDER MATCHING - Systems, methods, apparatuses and articles of manufacture are provided for receiving an order for a quantity of a non-standardized currency at a predicted exchange rate. The order is to be transacted on a fixing date that occurs within a restricted period of time. A selective aiming algorithm is applied to a set of orders. All possible combinations are computed. A selected combination that generates a greatest volume of transactions is selected. An indication that the selected combination has been selected is displayed on a display. | 11-28-2013 |
20130317962 | SYSTEMS AND METHODS FOR EVALUATION OF ARTICLES OF COMMERCE - The invention is directed to systems and methods for indicating volatility adjusted price information for at least one article of commerce or market therefore, and various tools for providing valuation indicators for both current and historical price activity in terms of valuation rather than absolute price. The invention provides users indicators which quantify the degree in which a market is currently trading at fair value, overvalued or undervalued conditions using enhanced tools. | 11-28-2013 |
20130317963 | METHODS AND SYSTEMS FOR CREATING A GOVERNMENT BOND VOLATILITY INDEX AND TRADING DERIVATIVE PRODUCTS THEREON - A computer system for calculating a government bond volatility index comprising memory configured to store at least one program; and at least one processor communicatively coupled to the memory, in which the at least one program, when executed by the at least one processor, causes the at least one processor to receive data regarding options on government bond derivatives; calculate, using the data regarding options on government bond derivatives, the government bond volatility index; and transmit data regarding the government bond volatility index. | 11-28-2013 |
20130317964 | SYSTEM AND METHOD FOR DISPLAYING TRADING DATA - A system and method are provided for presenting trading information. One example method includes displaying a plurality of effective trade indicators corresponding to price levels at which effective trades have been initiated, and displaying trading information corresponding to each effective trade. The effective trades can be determined based on user-configured trade definitions. The trading information can include a traded quantity and profit/loss corresponding to each effective trade. In addition to the trading information, current market information could be displayed as well in relation to the plurality of effective trades. | 11-28-2013 |
20130317965 | NEGOTIATION BLUEPRINT PREPARATION SYSTEM AND METHOD - The present invention is directed to a computer-implemented system and method for constructing a negotiation blueprint for a business negotiation. The system and method is designed to facilitate the organized and consistent execution of the process by a single individual or team of individuals working on the negotiation. The method can be organized into two phases: analysis; and execution. The analysis consists of a structured review of the situation surrounding the negotiation from the perspective of each party or counterpart while the execution provides negotiators a structured means of presenting alternatives to the counterpart. The system is preferably a computer based program available over a network that facilitates the execution of the business method by presenting data related to typical negotiations of the type the user is executing. | 11-28-2013 |
20130317966 | APPARATUSES, METHODS AND SYSTEMS FOR FACILITATING COMMUNITIES OF SOCIAL NETWORK BASED INVESTMENT - The APPARATUSES, METHODS AND SYSTEMS FOR FACILITATING COMMUNITIES OF SOCIAL BASED INVESTMENT (“PAVE™ apparatuses, methods, systems, programs and Interfaces”) Transform User Input into Profile Pages, a Social Networking Platform, Social Based funding agreements and mentorship arrangements. | 11-28-2013 |
20130317967 | BIDDABLE FINANCIAL INSTRUMENT, ONLINE COMPETITIVE BIDDING PLATFORM FOR TRADING THEREOF AND ASSOCIATED SYSTEM AND METHOD OF TRADING THEREOF - The present invention relates to a new type of biddable financial instrument that can be traded on an online competitive bidding process and system and method of trading thereof specifically designed to accommodate the specific needs of these new biddable financial instruments associated primarily with the introduction in the instruments core of a contractual bidder or new properties like acceleration of term linked with trading on the competitive bidding software. The inventor contemplates the use of a large number of new biddable financial instruments, for example B-VRDOs, B-TOBs, and B-MLVRSs. The platform, system and method of trading associated thereto allows for easy portfolio management, Dutch trading, payment of interest, entry of good to cancel trade orders, priority management tools, acceleration of maturity, and offering on a secondary offering stage non-acquired portions held by the contractual bidder. | 11-28-2013 |
20130317968 | SYSTEM AND METHOD FOR MANAGING RETURN OF COLLATERAL IN A SECURED TRANSACTION - A computer-implemented method for mitigating counterparty credit risk exposure in a trade of a financial instrument between a pledgor and a secured party includes receiving at a custodian's computer system an initial margin payment from the pledgor or the secured party, and electronically posting the initial margin payment in a custody account record maintained in a database of the custodian's computer system. The method also includes storing information relating to a control agreement that gives control of the custody account to the pledgor if the secured party defaults on obligations related to the trade of the financial instrument, and wherein the control agreement gives control of the custody account to the secured party if the pledgor defaults on obligations related to the trade of the financial instrument. The method further includes investing the initial margin payment into one or more investment vehicles during a life of the trade. | 11-28-2013 |
20130317969 | EXCHANGE FOR DERIVATIVE PRODUCTS CONTINGENT ON ODDS-BASED MARKETS - A method and system are described for creating an exchange for futures products for odds markets based on binary outcomes. The futures product is based on the value of a particular fixed index or an exchange delivery settlement price in odds form, as recorded or computed at the end of a pre-assigned event or time-horizon. A particular use of this product would be on an exchange for sporting events, where for a given event, an identical interface to that which would currently be available for odds markets is made available, but which would be settled differently from the former, in such a manner as to allow investors to take positions on the movement of the odds without exposure to the final outcome of the event. | 11-28-2013 |
20130317970 | System and Method for Changing Order Priority Levels in an Electronic Trading Environment - A system and method for fee-based order priority level modification in an electronic trading environment are described. When an order reaches an exchange, a priority level of the order may be changed to a higher priority level, and the priority level of the order initially at the higher priority level may be changed to a lower priority level of the received order. In one embodiment, a trader who is gaining a higher priority level will be preferably charged a fee for having his order moved to the higher priority level, and at least a portion of that fee may be paid to a trader who is giving up his high priority level. | 11-28-2013 |
20130317971 | LISTING AND EXPIRING CASH SETTLED ON-THE-RUN TREASURY FUTURES CONTRACTS - The disclosed embodiments relate to determining a listing date, an expiration date and the cash settlement price of a futures contract, i.e. a Treasury Futures, for the delivery of the most recently issued, referred to as an on-the-run, US treasury Note of a particular maturity by reference to the U.S. Treasury Auction cycle and the difference between a resultant industry surveyed swap rate and a resultant industry surveyed swap spread of the respective tenors (time remaining until maturity) of the on-the-run treasury futures. | 11-28-2013 |
20130317972 | SEEDING AND DISCOUNTING CREDITS IN A VIRTUAL CURRENCY SYSTEM - A virtual currency system keeps track of virtual credits, which can be owned, transferred, purchased, and sold by participants in a virtual economy. Each virtual credit has an internal value and an external value, which define, respectively, the exchange rates for creating and redeeming the virtual credits. Upon creation of new virtual credits, the internal value for those credits is the rate for which real currency was paid per credit. The external value sets the rate at which the virtual credits can be redeemed for real currency. Each virtual credit may further have a face value, which is an apparent value of the virtual credit within the virtual economy, giving users a baseline impression for valuing the virtual currency. These features of the virtual currency enable a number of useful actions within the virtual economy, including currency seeding, couponing, and chargebacks. | 11-28-2013 |
20130317973 | SYSTEM AND METHOD FOR DISPLAYING MARKET INFORMATION AND ORDER PLACEMENT IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for displaying a trading screen and placing an order in an electronic trading environment. The system and method may be used to assist a trader in selecting an item of interest, such as the inside market (best bid and best ask) to be displayed relative to a user configured location on the trading screen, such as the center of the trading screen. In a preferred embodiment, the inside market will stay located relative to center of the trading screen and the price levels associated to the inside market will move as the market conditions fluctuate. Other features and advantages are described herein. | 11-28-2013 |
20130325683 | Dynamic Trading Services For Passive Investors - A dynamic trading investment product and techniques for administering such a product are described. The dynamic trading investment product holds at least one security and includes establishing a dynamic trading investment product account for an investor, receiving from an investor a budget parameter established by the investor for the security, monitoring by one or more computers the price of the security during secondary trading on a trading venue, determining by one or more computers according to the monitored price and target growths whether to issue orders to buy or sell the security; and when determined to issue orders, issuing orders to buy or orders to sell the according to the monitored price and target growths, and adding shares to or removing shares from the dynamic trading investment product of the investor according to whether the issued orders are orders to buy or sell the security. | 12-05-2013 |
20130325684 | SYSTEM FOR LATENCY REDUCTION IN HIGH FREQUENCY TRADING NETWORKS - A system includes an optical splitter that may receive an optical signal containing trading information from over an exchange network. The optical splitter may split the optical signal at a physical layer into a plurality of signals and transmit the plurality of signals toward a plurality of hosts at a customer end, which may execute transactions using the trading information. | 12-05-2013 |
20130325685 | SYSTEM AND METHODS FOR PRIORITIZED MANAGEMENT OF FINANCIAL INSTRUMENTS - The invention relates to an improved means for interactive computerized communications having a facilitated capability for order entry and order execution, and providing an enhanced range of trading forms and methods to clients of brokerage firms dealing in financial securities. In particular, the invention relates to a type of interactive computerized system and software program that implements an improved mode of online communication between brokerage firms dealing in financial securities and their retail investors, to result in a more efficient and flexible range in the type of allowable trades, and that provides thereby innovative and strategic advantages to individual investors of brokerage firms, for actively managing financial securities held in trading accounts. | 12-05-2013 |
20130325686 | ANONYMOUS TRANSACTION PLATFORM - A computer implemented method to anonymise transactions conducted via a trading platform between a clearing agent in communication with a trading database, and a client terminal, the method comprising: identifying the client terminal with an anonymised client identifier; the clearing agent receiving from a client terminal, as an order, a request to buy or sell a quantity of financial instrument and assigning an anonymised order identifier to the request; for each anonymised order identifier the trading database identifying identical or similar financial instruments, and their quantity, offered by a plurality of other users for the financial instrument in the request and assigning a weighted score of the likelihood of a match between the identified instruments and the requested instrument; presenting on the client terminal, as a trade offer anonymised information of the weighted score of the likelihood of a match between the requested and each of a plurality of identified financial instruments; and indicating via the client terminal if one or more of the trade offers is to be negotiated or accepted. | 12-05-2013 |
20130325687 | METHODS AND ARRANGEMENTS FOR EXCHANGE TRADED PRODUCTS - In an automated exchange | 12-05-2013 |
20130325688 | MULTI-BROKER ORDER ROUTING BASED ON NET POSITION - The disclosed embodiments provide tools for multi-broker order routing based on net position at a broker. The net position of a user at a broker to receive a portion of a trade order is considered when allocating the quantity for the trade order to multiple brokers. | 12-05-2013 |
20130325689 | System and Method for Money Management Using a Plurality of Profit Levels in an Electronic Trading Environment - A system and method for money management in an electronic trading environment are presented. According to one embodiment, a money management application intercepts an order before the order is sent to an exchange, and determines a plurality of P/L levels, based on which the money management application then selects a set of money management parameters to be used to control or modify order parameters before the order is sent to the exchange. The plurality of profit levels may include a net profit level determined based on a trader's net position and a current market level, a realized profit level determined based on trader's sells and buys associated with the tradeable object, or an open profit level determined based on the realized and net profit levels. The set of money management parameters may include a maximum order quantity and a maximum net position so that, for example, if the order quantity associated with the order is higher than the maximum order quantity associated with the applicable set of money management parameters, the order quantity may be modified to the maximum order quantity. | 12-05-2013 |
20130325690 | Use of Adaptive and/or Customized Compression to Enhance the Efficiency of Digital Data Exchanges - The present invention relates to a method for enhancing the efficiency of digitally communicated data exchanges and to a computer system that implements such a method. The invention particularly concerns the use of adaptive custom compression techniques, binary integers (“bits”), massively parallel processing, database optimization techniques and/or calculation optimization techniques to achieve such enhanced efficiency. The invention is applicable to any digitally communicated data exchange, but is particularly applicable to exchanges of financial information such as financial market buy/sell orders, market making, etc. | 12-05-2013 |
20130325691 | USING BI-DIRECTIONAL COMMUNICATIONS IN A MARKET-BASED RESOURCE ALLOCATION SYSTEM - Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. In one exemplary embodiment, a plurality of requests for electricity are received from a plurality of end-use consumers. The requests indicate a requested quantity of electricity and a consumer-requested index value indicative of a maximum price a respective end-use consumer will pay for the requested quantity of electricity. A plurality of offers for supplying electricity are received from a plurality of resource suppliers. The offers indicate an offered quantity of electricity and a supplier-requested index value indicative of a minimum price for which a respective supplier will produce the offered quantity of electricity. A dispatched index value is computed at which electricity is to be supplied based at least in part on the consumer-requested index values and the supplier-requested index values. | 12-05-2013 |
20130325692 | USING BI-DIRECTIONAL COMMUNICATIONS IN A MARKET-BASED RESOURCE ALLOCATION SYSTEM - Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. In one exemplary embodiment, a plurality of requests for electricity are received from a plurality of end-use consumers. The requests indicate a requested quantity of electricity and a consumer-requested index value indicative of a maximum price a respective end-use consumer will pay for the requested quantity of electricity. A plurality of offers for supplying electricity are received from a plurality of resource suppliers. The offers indicate an offered quantity of electricity and a supplier-requested index value indicative of a minimum price for which a respective supplier will produce the offered quantity of electricity. A dispatched index value is computed at which electricity is to be supplied based at least in part on the consumer-requested index values and the supplier-requested index values. | 12-05-2013 |
20130332326 | BLIND ETF WITH SMALL LOT REDEMPTION TRIGGER - To protect individual investors in a blind Exchange Traded Fund (ETF) from being disadvantaged compared to the Authorized participants (APs), a mechanism is provided to enable small lot redemptions at the ETF's Net Asset Value (NAV) price under certain conditions. The market price and NAV price for the ETF are monitored and if one or more threshold conditions are detected, a trigger event is determined to have occurred. When a trigger event occurs, individual investors are notified of an option to redeem small lots of ETF shares. If the option is exercised, the individual investors are paid for shares redeemed at the NAV price rather than the market price. | 12-12-2013 |
20130332327 | Hybrid Energy Market and Currency System for Total Energy Management - A hybrid energy market and currency systems is provided to manage energy consumption in an energy market comprising a community of users. Energy currency units may be issued to users and an exchange rate between the energy currency units and a monetary currency unit may be set, providing a variable price for energy. Energy currency units may have a defined validity period, at the end of which the energy currency unit is automatically converted to monetary currency units. Users consume energy currency units through use of energy consumptive services, such as domestic consumption of electricity and hot water, and through use of transportation. Prices for energy may be set by comparing the cumulative actual and desired demand. By providing a continuous feedback mechanism, some embodiments of methods disclosed herein may raise an energy conscience—an awareness of when the community needs the help of its citizens to meet its ambitious sustainability goals. | 12-12-2013 |
20130332328 | System and Method for Improved Order Entry Using Market Depth - Market depth information pertaining to the hedging side is utilized to intelligently break a non-hedging order into multiple orders, such that the orders rest at cascading price levels. This way, the trader can benefit from sweeps in the book and still properly account for the market depth on the hedging side. Further, there is a greater probability of receiving “partials” on the spread order. In addition, hedge orders may be sent at multiple price levels, or sent to the market in pieces over time. By applying a more intelligent process to hedge orders (as opposed to “fire and forget”) an alternative beyond limit orders that can be legged or market orders is provided. | 12-12-2013 |
20130332329 | Facilitating Business Transactions Between Trading Networks - A system is disclosed for establishing an interconnection between trading networks. The system receives an access establishment request communicated from a home user subscribed to a home trading network and not subscribed to a foreign trading network, the access establishment request including a request to access a desired application, the desired application associated with the foreign trading network. The system further communicates the access establishment request to a foreign operator computer system and receives an approval of the access establishment request communicated from the foreign operator computer system. The system still further communicates a home user profile including subscriber information to establish an application access on a home access establishment module and a foreign access establishment module, the application access allowing the home user to use the desired application without subscribing to the foreign trading network, the subscriber information including at least one application associated with the home user profile. | 12-12-2013 |
20130332330 | Settling Over-The-Counter Derivatives Using Synthetic Spot Benchmark Rates - Techniques and systems for settling over-the-counter financial instruments includes sampling over a periodic interval are disclosed. A volume weighted average price of the sampled process may be calculated and forward points may be applied to the volume weighted average priced to determine an associated spot exchange rate. Such a synthetic spot FX exchange rate may be published to subscribers. Over-the-counter financial derivatives may establish delivery obligations according to the spot exchange rate. In the event where a number of transactions during the sampling period is less than a threshold, a midpoint of bids and asks associated with orders for the exchange traded financial derivative may be used to determine an average of the midpoint, to which the forward points may be applied to determine the spot exchange rate. Alternatively, the time-weighted average of the bid and ask orders during a periodic interval may be used in computing the volume-weighted average price. | 12-12-2013 |
20130332331 | SYSTEM AND METHOD FOR SPECIFIED POOL TRADING - A computer system and related methods configured to store and deliver, upon request, information related to asset-backed security pools, and execute transactions between one or more parties relating to the same. The system generally comprises a computer and a network interface that includes a data storage system in communication with the computer, the data storage system storing information relating to the securities, and account information related to at least one or more parties. The computer operative to provide information related to security pools to at least one of the parties, enable the at least one party to select one or more security pools for inclusion in a specified pool, provide aggregate pool data and information related to the selected specified pool to at least one other party, receive pricing information from at least one other party, and execute a trade for the asset-backed security pools in the specified pool. | 12-12-2013 |
20130332332 | SYSTEM AND METHOD FOR SETTLING TRADES - A method of settling trades includes the steps of obtaining an authenticated delivery instrument, wherein the authenticated delivery instrument is authenticated by a first exchange and may be used to settle a trade undertaken on the first exchange. An electronic proxy is issued for the delivery instrument, wherein the electronic proxy may be exchanged for the authenticated delivery instrument and where the electronic proxy is used to settle a trade undertaken on a second exchange. | 12-12-2013 |
20130332333 | Methods and Systems for Creating a Government Bond Volatility Index and Trading Derivative Products Based Thereon - A computer system for calculating a government bond volatility index comprising memory configured to store at least one program; and at least one processor communicatively coupled to the memory, in which the at least one program, when executed by the at least one processor, causes the at least one processor to receive data regarding options on government bond derivatives; calculate, using the data regarding options on government bond derivatives, the government bond volatility index; and transmit data regarding the government bond volatility index. | 12-12-2013 |
20130339206 | SYSTEM AND METHOD FOR ADJUSTING ASSET VALUE AND AVAILABILITY IN DATA RECORDS FOR MITIGATING SPECULATIVE TRADING IN A PREDICTION MARKET - The present subject-matter belongs to the field of system and methods for automatic and electronic transaction control, namely in introducing minimum holding times and forcing transaction outcomes in a market. The system and method include adjusting asset value and availability for mitigating speculative market manipulation and pure speculative trading transactions outcomes in a prediction market. The modules introduce pure delays, selective delays or force the transaction outcome evaluations such that these goals are addressed. One of the principles used in these methods and modules is that by increasing the risk of the purely speculative or manipulative trading strategies, their expected payoff will be reduced. Thus participants will have less incentive to use them and their occurrence and impact will be greatly reduced. | 12-19-2013 |
20130339207 | SYSTEMS AND METHODS FOR REQUESTING A RESERVATION FOR A SET OF DEBT INSTRUMENTS TO BE OFFERED - A method and system for the determination of optimal pricing and allocation of securities in an open, competitive environment. The method and system may also be used in developing pre-markets of other items that are difficult to price and allocate in a competitive manner, such as the underwriting/securitization of contracts for property; future revenue/earning streams from an asset and/or group of assets; underwritten insurance portfolios, intellectual property and other goods and services. The system of price optimization and allocation is accomplished by interactive feedback of information using a display and including competitive participation of individual members of the public (and/or their agents) or institutional buyers over a data network e.g., the Internet, uncovering the nature and identification of demand in a self-organizing fashion. Demand emerges through participants' interaction with the system and with each other, via a graphically-supported, interactive reservation process. | 12-19-2013 |
20130339208 | SYSTEMS AND METHODS FOR DISPLAYING OPTIMAL PRICING AND ALLOCATION FOR A SET OF CONTRACT RIGHTS INSTRUMENTS - A method and system for the determination of optimal pricing and allocation of securities in an open, competitive environment. The method and system may also be used in developing pre-markets of other items that are difficult to price and allocate in a competitive manner, such as the underwriting/securitization of contracts for property; future revenue/earning streams from an asset and/or group of assets; underwritten insurance portfolios, intellectual property and other goods and services. The system of price optimization and allocation is accomplished by interactive feedback of information using a display and including competitive participation of individual members of the public (and/or their agents) or institutional buyers over a data network e.g., the Internet, uncovering the nature and identification of demand in a self-organizing fashion. Demand emerges through participants' interaction with the system and with each other, via a graphically-supported, interactive reservation process. | 12-19-2013 |
20130339209 | SYSTEMS AND METHODS FOR MUNICIPAL SECURITIES MARKET DATA AGGREGATION AND TRADING - Techniques for optimizing data movement in electronic storage devices are disclosed. In one particular exemplary embodiment, the techniques may be realized as a method for municipal security data aggregation comprising receiving, via a network, municipal security data regarding a plurality of municipal securities in a primary market, aggregating, using at least one computer processor, the received municipal security data, and providing pricing information on a municipal security of the plurality of municipal securities in the primary market. | 12-19-2013 |
20130339210 | FUEL OFFERING AND PURCHASE MANAGEMENT SYSTEM - The present disclosure is directed to facilitating pricing, sales and delivery of a commodity. In one embodiment, a Fuel Offer Generator facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers may later exercise the fuel offers so their fuel costs are locked-in at desired levels. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator allows for the management of regional fuel price offerings and allows for fuel offering redemption based on fuel pump prices. | 12-19-2013 |
20130339211 | FUEL OFFERING AND PURCHASE MANAGEMENT SYSTEM - The present disclosure is directed to facilitating pricing, sales and delivery of a commodity. In one embodiment, a Fuel Offer Generator that facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers may later exercise the fuel offers so their fuel costs are locked-in at desired levels. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. A customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator employs a geographical fuel pump location metric as well as consumer purchasing behavior to establish the pricing of fuel offerings. | 12-19-2013 |
20130339212 | Method And Apparatus For Listing And Trading A Futures Contract That Physically Settles Into A Swap - According to some embodiments, a futures contract is listed on a futures trading exchange. The futures contract physically settles upon expiration into a reference swap. The reference swap is cleared by a clearing house so that the physical settlement requires that the holder of a reposition in the futures contract upon expiration takes a specified side of the reference swap against the clearing house. The reference swap may for example be a credit default index swap, a single-name credit default swap, an interest rate swap or a yield curve swap. | 12-19-2013 |
20130339213 | SYSTEM AND METHOD FOR USE OF FRACTIONAL PAY-UP TICKS IN RELATION TO TRADING STRATEGIES IN AN ELECTRONIC TRADING ENVIRONMENT - A system and associated methods are provided for use of fractional pay-up ticks in relation to offset orders being sent for a trading strategy that involves trading a first tradeable object and at least a second tradeable object. According to one example method, when an indication is received that a quantity at a first price for the first tradeable object is filled, a plurality of offset orders for the second tradeable object is sent to an electronic order book of the second tradeable object. The plurality of offset orders is placed at a plurality of price levels determined based on at least one fractional pay-up tick value, the first price, and the desired spread price. A quantity for each order is determined based on a quantity divider rule that is applied to an offset quantity to offset the fill. | 12-19-2013 |
20130339214 | System and Method for Display Management Based on User Attention Inputs - A system and method are provided for managing data being displayed on at least one monitor screen based on monitoring user's attention in relation to the monitor screen. In one embodiment, upon detecting that the user's attention is leaving at least a portion of a screen, the system may alert the user of such an event. Alternatively, the system could alert the user upon detecting a triggering condition while the user's attention is away from the at least a portion of the screen. The step of alerting the user may include modifying at least a portion of a display on a monitor not being viewed by the user. Additionally, the system may initiate preparation of a report including any data not being viewed by a user during the time period when the user is not viewing a portion of the monitor. | 12-19-2013 |
20130339215 | DYNAMIC PRICE AXES IN FEATURED USER INTERFACES - A user interface for use with an electronic trading system includes a display that shows a bid price axis and an ask price axis, as well as corresponding sizes, and a visual indicator of the inside market. When the inside market changes in response to changing market conditions, the display of the inside market clearly shows a spatial movement of the inside market as well as the representative price(s) associated therewith, thereby rendering the two price axis dynamic axis. The user interface is easy to use, intuitive as well as customizable, and contains features that facilitate efficient electronic trading and shows trading activity pertaining to the user as well as the market in general. | 12-19-2013 |
20130339216 | Biophysical Geoengineering Compositions and Methods - Described here are compositions, methods and apparatus for biological and physical geoengineering. A vertical spar buoy or spar buoy network is provided. The buoys or array of buoys are designed to resist wave motion while supporting an analytical platform at a depth such that particulate flux of fixed carbon is indicative of sequestration in the ocean's depths for one hundred years or more. Sedimentary deadfall through the 100-Year Horizon is measured to validate the flux of fixed carbon. Issuance of validated carbon sequestration certificates and monetization and trading of those certificates are described. Also provided are compositions and methods for increasing bioactive surface area and nutrient levels so as to promote carbon sequestration. Regeneration of carbon dioxide in the mesopelagic water column is reduced by providing complex habitat in the photic zone, thus ensuring higher complexity of trophic levels and sedimentary deadfall having larger particulate size. | 12-19-2013 |
20130346272 | System and Method for Tracking Priority Interests in a Financial Trading System - An electronic trading platform can perform automated trading of one or more types of financial instruments (e.g., equities or options). Interests (e.g., quotes, set of quotes, bids and offers) of market participants are analyzed to determine if they qualify as a “Priority Interest” when an initiating interest is matched with resting interest on the contraside. If one or more interests qualify as a Priority Interest, the corresponding participant who submitted the corresponding interest may remain eligible for allocation in a Market Maker allocation tier. Allocation as a Market Maker with Priority Interest includes, but is not limited to, in combination or individually: (1) allocation ahead of or preference over other equal-priced interest, (2) Market Maker standard fees for trades corresponding to the interest, and/or (3) trades resulting from Priority Interest may count towards a Market Maker's volume requirement(s) in its appointed classes. | 12-26-2013 |
20130346273 | METHOD AND SYSTEM CONFIGURED FOR FACILITATING MANAGEMENT OF INTERNATIONAL TRADE RECEIVABLES TRANSACTIONS - A receivables transaction management platform is configured for facilitating management of international trade receivables transactions. The platform includes a task manager layer and a platform functionality layer. The task manager layer is configured for facilitating management of transaction information workflow tasks and export receivables tasks. The platform functionality layer is accessible by at least a portion of the managers and is configured for enabling facilitation of the transaction information workflow tasks and the export receivables tasks. Managing the transaction information workflow tasks and export receivables tasks includes facilitating preparation of a document and data portfolio required for settlement of an international trade receivables transaction, facilitating electronic submission of the document and data portfolio to a designated recipient and facilitating acceptance of the document and data portfolio. The platform functional components are configured for enabling user workflow functionality, data mapping functionality, data analysis functionality, data storage functionality and third party access functionality. | 12-26-2013 |
20130346274 | ELECTRONIC FINANCIAL TRADING PLATFORM WITH REAL-TIME DATA ANALYSIS AND REPORTING - An electronic financial trading platform includes: at least one application module; and a memory manager configured to provide normalized access to data content for the at least one application module, in which the memory manager includes a storage model configured to store references to the data content, an observer model configured to notify the at least one application module of changes to the storage model, and an automation model configured to trigger one or more sets of processes by the at least one application module in response to changes in the storage model. | 12-26-2013 |
20130346275 | Systems and Methods for Analysis of Portfolio Returns and Trade Cost Measurement Based on Fiduciary roles - Preferred embodiments of the present invention comprise, for example, a method for measuring trade costs, comprising (1) capturing trade data over a predetermined time period; (2) capturing time stamp data corresponding to said trade data, wherein said time stamp data comprises open events and close events, data regarding when an order is received by a buy-side trading desk from a portfolio manager; data regarding when execution of said order is completed, and data regarding when a manager decides to engage in trading regarding said order; and (3) performing an investment level analysis based on said trade data and said time stamp data. Further embodiments comprise systems and software for implementing the above method (and others) and utilizing information obtained therefrom. | 12-26-2013 |
20130346276 | System and Method for Variably Regulating Order Entry in an Electronic Trading System - A system and method are provided to intelligently limit the frequency at which automated or semi-automated trading tools move or re-price orders in an exchange order book. A tolerance may be input that limits when one or more orders in the exchange order book are moved from one price to another. The system and method assist in reducing the number of orders that are entered into the system which can lead to reduced exchange transaction fees, lost queue position, and reduce network bandwidth consumption. | 12-26-2013 |
20130346277 | System and Method for Variably Regulating Order Entry in an Electronic Trading System - A system and method are provided to intelligently limit the frequency at which automated or semi-automated trading tools move or re-price orders in an exchange order book. A tolerance may be input that limits when one or more orders in the exchange order book are moved from one price to another. The system and method assist in reducing the number of orders that are entered into the system which can lead to reduced exchange transaction fees, lost queue position, and reduce network bandwidth consumption. | 12-26-2013 |
20130346278 | Method for trading and clearing variance swaps - In accordance with the principles of the present invention, a method for trading and clearing a volatility or variance-defined, standardized derivative financial instrument is provided. A financial instrument in either volatility or variance terms is negotiated. The realized variance to date on an underlying of that derivative financial instrument is determined. After the derivative financial instrument is negotiated and the realized variance to date is determined, at least one centrally-cleared financial instrument with a price derived from the volatility or variance terms and the realized variance to date on the underlying of that derivative financial instrument is delivered. Thus, a financial instrument negotiated in either volatility or variance terms is substituted with an equivalent position in a standardized, centrally-cleared financial instrument. | 12-26-2013 |
20130346279 | Weather Derivative Volatility Surface Estimation - Systems and methods are provided for determining the volatility of weather derivative option contracts. Volatility levels are initially determined with conventional methods. Unreliable volatility levels are then replaced with futures contracts volatility levels. If the futures contracts volatility levels are not available or appear unreliable, meteorological volatility levels are utilized. The data may be reduced to a three dimensional surface and used when determining margin account requirements. | 12-26-2013 |
20130346280 | Method And Apparatus For Conducting A Transaction - Systems, methods, apparatus, computer program code and means for conducting a transaction are provided. In some embodiments, a unit is issued to a holder including a forward contract and a note, in which the note specifies an initial capped remarketing, at least a first subsequent capped remarketing, and an uncapped remarketing, the uncapped remarketing performed only if each of the capped remarketings fail. | 12-26-2013 |
20130346281 | Apparatus and Method for Commodity Trading with Automatic Odd Lot Hedging - Apparatus and method for trading commodities with automatic hedging for odd lot offers. The apparatus automatically accepts odd lot offers on behalf of buyers and aggregates them with other odd lot offers of the same commodity symbol until there are enough bushels to reach a predetermined threshold, or “tipping point,” which causes the system to automatically calculate the optimum number of full lot futures contracts to sell at the market price in order to offset risk associated with accepting the odd lot offers, and to automatically secure the optimum number of full lot futures contracts. The system reduces or eliminates situations where no transactions are executed due to the market's failure to reach a certain price, and reduces the buyers' exposure to slippage on accumulated odd lots. | 12-26-2013 |
20130346282 | SYSTEM, COMPUTER-IMPLEMENTED METHOD, AND NON-TRANSITORY, COMPUTER-READABLE MEDIUM TO DETERMINE RELATIVE MARKET VALUE OF A SALE GROUP OF LIVESTOCK BASED ON GENETIC MERIT AND OTHER NON-GENETIC FACTORS - Systems, computer-readable medium having computer program, and related computer implemented methods are provided to determine the relative market value of a sale group and to generate a genetic merit scorecard. Such systems, computer-readable medium having computer program, and related computer implemented methods utilize the genetic merit estimates of relatives of a sale group, along with associated economic weighting factors to determine the relative market value of the sale group. The genetic merit scorecard reflects the relative market value and ranking of the genetic merits of the sale group, as compared to the industry. | 12-26-2013 |
20140006243 | Multiple Trade Matching Algorithms | 01-02-2014 |
20140006244 | Method and System for Aggregating and Managing Data from Disparate Sources in Consolidated Storage | 01-02-2014 |
20140006245 | GRAPHICAL ORDER ENTRY USER INTERFACE FOR TRADING SYSTEM | 01-02-2014 |
20140006246 | DISTRIBUTION OF ELECTRONIC MARKET DATA | 01-02-2014 |
20140006247 | SYSTEM, DEVICE AND METHOD FOR THE INTERACTION OF SECURITY INFORMATION | 01-02-2014 |
20140006248 | Context Display for a Fixed Income Market Model System | 01-02-2014 |
20140006249 | SYSTEM AND METHODS FOR FACILITATING INFORMED TRADING OF FINANCIAL INSTRUMENTS | 01-02-2014 |
20140006250 | DERIVATIVES TRADING METHODS THAT USE A VARIABLE ORDER PRICE AND A HEDGE TRANSACTION | 01-02-2014 |
20140006251 | TRADING OF COMBINATIONS AND BAITS GENERATED THEREOF IN AN AUTOMATED TRADING EXCHANGE SYSTEM | 01-02-2014 |
20140006252 | Delta Neutral Futures Allocation | 01-02-2014 |
20140012725 | METHODS AND SYSTEMS FOR CREATING A TIME DEPOSIT VOLATILITY INDEX AND TRADING DERIVATIVE PRODUCTS BASED THEREON - A computer system for calculating a time deposit volatility index comprising memory configured to store at least one program; and at least one processor communicatively coupled to the memory, in which the at least one program, when executed by the at least one processor, causes the at least one processor to receive data regarding options on time deposit derivatives; calculate, using the data regarding options on time deposit derivatives, the time deposit volatility index; and transmit data regarding the time deposit volatility index. | 01-09-2014 |
20140012726 | SYSTEM AND METHOD THAT FACILITATES TRANSACTIONS BETWEEN PHYSICAL GOLD HOLDINGS AND COMMERCIAL PAYMENT SYSTEMS - A computer-implemented method for facilitating financial transactions in one or more precious metals using a debit card secured by the one or more precious metals. The computer-implemented method includes the steps of using an Internet website accessible via a computer or a mobile device, wherein the Internet website is configured to perform the step of: providing a first customer with a first balance of a first customer account; wherein the first balance is provided in weight of the one or more precious metals provided by the first customer. | 01-09-2014 |
20140012727 | CONSOLIDATED PRICE LEVEL EXPANSION - Certain embodiments provide consolidated price level expansion. Data associated with the individual price levels represented by a consolidated price level is expanded and provided through an expanded consolidated price level interface. In certain embodiments, the expanded consolidated price level interface includes a pop-up interface. In certain embodiments, the expanded consolidated price level interface includes an in-line interface. In certain embodiments, an order may be entered using the expanded consolidated price level interface. | 01-09-2014 |
20140012728 | Methods and Systems for Creating a Time Deposit Volatility Index and Trading Derivative Products Based Thereon - A computer system for calculating a time deposit volatility index comprising memory configured to store at least one program; and at least one processor communicatively coupled to the memory, in which the at least one program, when executed by the at least one processor, causes the at least one processor to receive data regarding options on time deposit derivatives; calculate, using the data regarding options on time deposit derivatives, the time deposit volatility index; and transmit data regarding the time deposit volatility index. | 01-09-2014 |
20140012729 | Equitized Currency Trust for Real-Time Currency Trading - An equitized currency trust has its underlying value based solely on currency, rather than on securities and/or commodities. Shares of the equitized currency trust are priced in a currency other than the currency that forms the underlying value. | 01-09-2014 |
20140012730 | System and Method for Computing and Displaying Effective Bid and Ask Information - Software at a trading station receives a data feed from an electronic exchange and computes an effective bid price and/or an effective ask price based on a particular quantity to trade. Then, the effective bid price and/or effective ask prices are indicated to the user. An effective bid price is an average price at which a quantity could be sold based on current market conditions. An effective ask price is an average price at which a quantity could be bought based on current market conditions. Depending on the available quantities in the market, the effective prices may represent spreads different from the actual spread of the inside market. Additionally, a derivative of price, such as yield, may be used to compute other types of effective bid and/or ask information. | 01-09-2014 |
20140012731 | AUTOMATED TRADING SYSTEM AND METHODOLOGY FOR REALTIME IDENTIFICATION OF STATISTICAL ARBITRAGE MARKET OPPORTUNITIES - A program for identifying and automatically acting on statistical arbitrage opportunities between related equities and contracts. The present invention describes an improved technique to perform statistical-pairs arbitraging in a dynamic marketplace with less risk than prior art approaches. The present invention employs an array of recent data and performance ratios involving bid and ask prices for correlated items, such as stocks. | 01-09-2014 |
20140012732 | GENERATING A CROP RECOMMENDATION - In a method of for generating a crop recommendation, a plurality of data sets are received by a computer system from a plurality of disparate data sources, wherein each of said plurality of data sets describes a factor affecting a crop. A benchmark is created by the computer system for each of the data sets which describes how the factor affects the market value of the crop. A model is generated by the computer system which describes the crop based upon each of said benchmarks from the plurality of data sets. A report is then generated by the computer system comprising at least one recommendation to increase the market value of the crop | 01-09-2014 |
20140012733 | Method, Device, and System of Accessing Online Accounts - Device, system, and method of accessing electronic mail. For example, a computerized method includes: receiving an identifier of an email account, and a password; if the password matches a first reference password previously stored in association with said email account, then authorizing a substantially full access to said email account; if the password matches a second reference password previously stored in association with said email account, then authorizing a restricted access to said email account. | 01-09-2014 |
20140019323 | PROCESSING OF ELECTRONICALLY TRADED FIXED-INCOME SECURITY BASED FUNDS - Methods, systems, apparatus, and programming product for creating, maintaining, and otherwise administering new types of fixed income benchmarks and exchange-traded funds. Such benchmarks can be defined and/or occasionally, continually, or periodically redefined by the inclusion of instruments such as new bond issues as they are issued, reweighting of mixes of bond issues used in defining the benchmark(s), and/or removal of bond issues used in such definition, without other changes to the fund(s) and/or benchmark(s). Such benchmark(s) can also be modified through controlled or otherwise selective modification of characteristics used to define the benchmark(s), such as yield to maturity (YTM), maturity date, coupon value, and par value of the aggregated fund(s). | 01-16-2014 |
20140019324 | Delivery System for Futures Contracts - Systems and methods are provided for processing and settling futures contracts that have multiple settlement provisions. A single futures contract may include both a physical delivery settlement provision and a cash settlement provision. Cash settlement provisions may involve inconvertible currencies. | 01-16-2014 |
20140019325 | System and Method for Assisted Awareness - A data feed is monitored to determine whether a condition is satisfied. If the condition is satisfied, an alert is initiated to attract a user's attention. Thereafter, playback mode is entered causing the example system to playback a short period of time-compressed data that occurred just prior to the event occurring to set context for the user. Once the playback signal has caught up with the real-time data feed, the data is output at normal levels. Other configurations, which are described herein, are also possible. | 01-16-2014 |
20140019326 | ONLINE TRADING SYSTEM HAVING REAL-TIME ACCOUNT OPENING - In one embodiment, the online trading system having a real-time account opening process comprises one or more computers coupled to a network. The computers maintain a brokerage account database, and service web page requests received over the network. The web pages are preferably configured to implement a real-time account opening (RTAO) process that establishes new brokerage accounts in the account database. The RTAO process may include (a) obtaining contact information; (b) creating a new record in the brokerage account database for the contact information; (c) obtaining brokerage account application information; (d) updating the new record with the application information; (e) displaying a brokerage account contract; and (f) securing online agreement to said brokerage account contract. The process preferably also includes obtaining funding information to automatically initiate a transfer of funds to the brokerage account. | 01-16-2014 |
20140019327 | MULTICOMPUTER DISTRIBUTED PROCESSING OF LINKED ORDERS - A trading platform and trading method that may allow access to additional pools of liquidity is described. Other embodiments are also described. | 01-16-2014 |
20140019328 | Diverse Options Order Types in an Electronic Guaranteed Entitlement Environment - An enhanced system and method for handling, matching and executing a diverse group of limit-priced orders in an electronic options environment is disclosed. Most of the order types disclosed are automatically repriced and reposted as the NBBO changes to increase their execution opportunities. Market maker entitlements are integrated with the order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when an order priced at or better than the NBBO is received. Once posted to the order book, the displayed price of an order may be eligible for preferential execution in a market maker entitlement process, regardless of whether the displayed price is original or has been automatically repriced. | 01-16-2014 |
20140019329 | Distribution of Market Data - Systems and methods are provided for communicating and processing market data. The market data may comprise quotes, orders, trades and/or statistics. A messaging structure allows for adding, re-ordering and/or expanding data, within the printable character set of any language. One or more delimiters are defined and used to delimit data elements within the message structure. The data is interpreted based on templates which may be disseminated prior to the sending of messages and used as an abstraction so that the meaning of data need not be conveyed in the message. | 01-16-2014 |
20140019330 | SYSTEM AND METHOD FOR PHYSICALS COMMODITY TRADING - A method and system for an electronic commodities trading marketplace along with ancillary tools provide an electronic trading center for world market commodity importers, exporters, and the intermediaries and processors between them. This trading center is offered through its website centered around a 24-hour exchange that provides trading markets for commodities such as coffee, sugar, cocoa and cotton. The scalable system provides aggregated third party services linked to both front and back office operations. These services can include items such as live futures quotes and real-time news, futures brokerage, banking and finance links and resources, and a suite of applications tailored to members' specific risk-management and end-to-end contract execution needs. The system also provides access to shipping related services such as freight brokerage, direct booking for liner transport, load and discharge supervision and laboratory testing. | 01-16-2014 |
20140025549 | PARALLEL PROCESSING SYSTEM - Techniques for performing high-frequency trading in over-the-counter markets, including for foreign exchange trading and financial arbitrage. Some embodiments include multiple software modules that each implement operations related to a trading system. The multiple software modules may be arranged according to sets that correspond to sequences of trades that may be evaluated and potentially selected for execution by the trading system. Each set of software modules may include software modules of various types that perform different operations related to processing trading data and selecting a sequence of trades for execution based on a potential for profit associated with the sequence of trades. The software modules may be executed on multiple processing cores, including cores of low-cost, consumer-grade multicore processing units. | 01-23-2014 |
20140025550 | SYSTEMS AND METHODS FOR SHARING EXCESS PROFITS - Systems and methods for trading commodity, an item or instrument are provided. The market prices and trading may be monitored to detect a spike in the market price or artificially high market price. Excess profits resulting from the sale at an artificially high market price may be distributed to market participants based upon the participant's trading record in the market or upon some other suitable method. | 01-23-2014 |
20140025551 | INTEGRATED TRADING INFORMATION PROCESSING AND TRANSMISSION SYSTEM FOR EXEMPT SECURITIES - The present invention provides a system for processing and transmitting trading information incorporating (a) a risk analytic module using the latest market prices and data provided by the other two modules, (b) an auction module comprising a private asset auction functionality and a two way trader workstation capability, with bid-offer and unique asset price sourcing capabilities, (c) an asset or portfolio tracking module to provide browser based, real-time consolidated reporting of multi-firm asset positions (public or private), and (d) an out-of-band communications module which alerts users/subscribers who may or may not be logged on the system via fax, e-mail, or text messages of a pending transaction being consummated or achieved. | 01-23-2014 |
20140025552 | SYSTEM AND METHOD FOR MANAGING CREDIT DEFAULT SWAPS - The present invention is a system and method for providing improved functionality for management of credit futures products. The improved system includes functionality implementing trading capabilities for trading credit default swaps, including providing a user with relevant market information for assessing and placing offers for credit default swaps, as well as for managing offers already placed. | 01-23-2014 |
20140025553 | UNATTENDED PRECIOUS METAL DISTRIBUTION SYSTEMS, METHODS, AND APPARATUS - Apparatus, systems, and methods for unattended precious metal distribution are disclosed. A method for distributing precious metal includes maintaining user accounts on a server system and permitting access to the user accounts from unattended precious metal distribution terminals. An unattended distribution apparatus includes a precious metal distributor that dispenses precious metal in response to dispersal instructions and a remote account interface coupled to the distributor that receives withdrawal information from a remote server and issues the dispersal instructions. A distribution system includes unattended precious metal distribution terminals and a remote server system accessible by the distribution terminals. | 01-23-2014 |
20140025554 | SYSTEMS, METHODS, AND COMPUTER PROGRAM PRODUCTS FOR PROVIDING REAL TIME ANALYTIC WIDGETS IN A FINANCIAL TRADING SYSTEM - Methods, systems, and computer program products are provided for providing real time analytics and monitoring to a user of a securities trading system. In one embodiment, a list of one or more securities may be selected from a trading blotter and a widget engine may obtain one or more analytics for the list of one or more securities based on real time market and/or transaction cost data. The widget engine may display a graphical representation of the analytics in a manner that compliments the workflow of a trader. The graphical representation may be automatically updated based on real-time market data. | 01-23-2014 |
20140025555 | System and Method for a Risk Check - Various systems and methods are described herein for a risk check. The risk check bases a decision to allow a trading strategy to proceed on whether the order quantity for each leg of the trading strategy satisfies a certain condition. Particularly, when a trading strategy is initiated, the quantity for each of the orders to be submitted on behalf of the trading strategy, including the quantity of the initial order and any subsequent orders, is then compared to a corresponding risk value. If the order quantity for each of the orders is less than the corresponding risk value, then the trading strategy can proceed and the initial order can be sent on to the exchange. However, if the order quantity for any of the orders exceeds the risk value, then the initial order is not sent to the electronic exchange. Additionally, as described herein, quantity associated with the trading strategy is held or reserved for execution of the trading strategy regardless of the activity taken by the trader since the trading strategy was initiated. The reserved quantity can be drawn from the trading strategy until the quantity is depleted, the trading strategy has ended, or both, for example. | 01-23-2014 |
20140025556 | SYSTEM AND METHOD FOR RISK MANAGEMENT USING AVERAGE EXPIRATION TIMES - A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Average expirations for the generic spread are computed. Using the spread positions, the average expirations and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders. | 01-23-2014 |
20140025557 | METHOD OF TRADING A BIDDABLE FINANCIAL INSTRUMENT WITH A VARIABLE MATURITY DATE - The present invention relates to a new type of financial instrument for trade over an auction platform designed to trade the new financial instrument, a new trading platform and associated system, and a method of trading thereof, and more specifically to a new variable maturity long-term security, such as a bond or, more specifically, a municipal bond. | 01-23-2014 |
20140025558 | Trading Control System that Shares Customer Trading Activity Data Among Plural Servers - A network enables a plurality of servers to share information about customers' trading activities and locally recalculate customer trading limits resulting from these trading activities. If a trading limit is exceeded, a server may automatically change to a less permissive trading mode, prevent an order being placed with the at least one exchange server and/or enter a trading mode in which orders that decrease account exposure are allowed and orders that increase account exposure are prevented. | 01-23-2014 |
20140025559 | Credit Default Swap Post Credit Event - Methods, systems and apparatuses are described for determining that a credit event has occurred for an entity; determining an upfront price and a bond price for a credit default swap deliverable (CDSD) contract associated with the entity; determining a first weighting for the upfront price and a second weighting for the bond price; and calculating a settlement price for the CDSD contract that is a function of the first weighting, the second weighting, the upfront price, and the bond price. | 01-23-2014 |
20140025560 | METHOD AND SYSTEM FOR THE EXCHANGE OF INTELLECTUAL PROPERTY ASSETS & THE FORTIFICATION OF COMPANIES WITH INTELLECTUAL PROPERTY TO ENSURE FAVORABLE OUTCOMES - A computer based method and system for exchange of intellectual property assets which permits intellectual property (IP) buyers and IP sellers to interact via a marketplace exchange includes a marketplace exchange accessed via a global communication network by IP buyers and IP sellers through utilization of computers. The marketplace exchange also includes a mechanism for posting of a listing of IP sellers on the marketplace exchange and a transactions section for facilitating transactions relating to intellectual property assets posted on the marketplace exchange. | 01-23-2014 |
20140025561 | SYSTEMS AND METHODS FOR AN ONLINE CREDIT DERIVATIVE TRADING SYSTEM - A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative. | 01-23-2014 |
20140032387 | Systems and Methods for Multiplier-Adjusted Lean Levels for Trading Strategies - Certain embodiments provide a method for trading in an electronic trading environment including receiving market data relating to a plurality of tradeable objects; sending a order to an exchange for the first tradeable object at a quoted price; receiving a fill confirmation for the quoting order at a filled price; determining a difference between the quoted price and the filled price; determining a hedge price for each of the plurality of tradeable objects other than the first tradeable object based at least in part on the difference and at least one multiplier associated with at least one leg of the trading strategy; and sending hedge orders for each of the plurality of tradeable objects other than the first tradeable object at the corresponding hedge price. The plurality of tradeable objects includes at least a first, second, and third tradeable object, which are traded as legs of a trading strategy. | 01-30-2014 |
20140032388 | Transformation of a Multi-Leg Security Definition for Calculation of Implied Orders in an Electronic Trading System - An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for transforming a combination or strategy contract with an arbitrary number of buy and sell legs with an arbitrary volume ratio for each leg into a form that can be used for rapid implied order calculations. | 01-30-2014 |
20140032389 | ELECTRONIC SECURITIES MARKETPLACE HAVING INTEGRATION WITH ORDER MANAGEMENT SYSTEMS - An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities. | 01-30-2014 |
20140032390 | System and Method for Asymmetric Offsets in a Risk Management System - A system and method for using asymmetrical offsets for products in a risk management analysis system are disclosed. Conventional systems assign symmetrical offsets for products, that is, if two products have an 80% correlation they each would be assigned an offset of 80% with respect to each other. However, it is desirable to allow for asymmetrical offsets. In the disclosed system and method, when two products have a correlation of 80%, one may be assigned an offset of 75% and the other may be assigned an offset of 80%. There are many reasons to vary the offset between the products. The varying offset may reflect an asymmetry in the risk in one of the products, such as being traded in an illiquid market or in a less desirable venue. The varying offset may correct for an imbalance in spread credits due to special charges from intra spreading. | 01-30-2014 |
20140040090 | ONLY-AT-BEST TRADING ORDERS IN AN ELECTRONIC TRADING SYSTEM - Systems and methods of trading items on an electronic trading system according to the invention are provided. The embodiments of the invention are based at least in part on a new order type. The new order type is an only at best order type, whereby trades are preferably only executed at the best price the item is being bought or sold. | 02-06-2014 |
20140040091 | LOSS RISK MANAGEMENT ACROSS MULTIPLE VENUES - Some embodiments may relate to managing the risk of losses over a variety of risk venues. For example, a central system may monitor trading losses and profits by an entity over a plurality of exchanges. When losses exceed profits by some threshold amount, trading at the exchanges may be halted. Other example methods and apparatus are described. | 02-06-2014 |
20140040092 | METHODS AND SYSTEMS FOR CREATING A CREDIT VOLATILITY INDEX AND TRADING DERIVATIVE PRODUCTS BASED THEREON - A computer system for calculating a credit volatility index comprising memory configured to store at least one program; and at least one processor communicatively coupled to the memory, in which the at least one program, when executed by the at least one processor, causes the at least one processor to receive data regarding options on credit default swap index derivatives; calculate, using the data regarding options on credit default swap index derivatives, the credit volatility index; and transmit data regarding the credit volatility index. | 02-06-2014 |
20140040093 | METHOD AND SYSTEM FOR ELECTRONIC TRADING OF FINANCIAL INSTRUMENTS - A method and system for providing computer-implemented trading of securities. Respective computer-generated interfaces are provided from a counter-party system between a plurality of dealers and a plurality of clients. A network enables messages to be directly exchanged between the dealer interfaces and the client interfaces. Enabling at least a particular client to submit an inquiry, via the respective client interface, for trading a particular security to at least one of the plurality of the dealers. Enabling the dealers to provide respective offers and/or bids, via their respective dealer interfaces, in response to a client inquiry submitted thereto. Communicating, via the computer generated interfaces, the offers and/or bids directly to the particular client from a particular dealer for consideration thereby. | 02-06-2014 |
20140040094 | SYSTEM AND METHOD FOR PROVIDING SECURITY TO A GAME CONTROLLER DEVICE FOR ELECTRONIC TRADING - A system for managing electronic trading, comprises an interface application including a mapping module that defines a plurality of controller signal relationships. Each controller signal relationship associates one or more of a plurality of game controller signals with one of a plurality of trading system commands associated with the electronic trading of financial instruments. The interface application receives a plurality of game controller signals generated by a game controller, and determines, based on the controller signal relationships, that one or more of the plurality of received game controller signals are erroneous. The interface application causes the communication of a command to lock the game controller based on the determination of the one or more erroneous game controller signals. | 02-06-2014 |
20140040095 | DISTRIBUTED RANKING AND MATCHING OF MESSAGES - Apparatus and methods for managing messages in a computer system are described. A plurality of order/quote messages is received via an input mechanism, and the order/quote messages are ranked based on the at least one ranking value parameter at a first ranking unit. At least one top ranked order/quote message is sent from the first ranking unit to a matching unit, and the top ranked order/quote messages are matched at the matching unit. | 02-06-2014 |
20140040096 | ELECTRONIC TRADING SYSTEM SUPPORTING INDICATORS OF INTEREST - A system conducts anonymous negotiations and supports indications of interest in trading stock. The system includes a database for storing public orders received from a public stock trading system; and a server for receiving hidden orders from a plurality of users and for conducting anonymous negotiations between first and second users with the hidden orders. The server repeatedly accesses the database to determine a match of any one of the hidden orders with any one of the public orders, and to execute a pair of orders selected from the hidden orders and the public orders. The system also transmits indications of interest (IOIs) into a trading environment using the server for processing a trading order from a first user and for maintaining a profile of a user. The profile includes a current IOI setting for controlling transmission of the IOI from the user. The server responds to a toggle command from the first user to control transmission of the RN opposite to the current RN setting. The server responds to the ICH setting being set to allow transmission by transmitting the IOI of the first user associated with the trading order. | 02-06-2014 |
20140040097 | FIRM TRADE PROCESSING SYSTEM AND METHOD - A method for processing a trade, the method includes a computer generating a firm trade between two clearing participants. The method further includes transmitting the firm trade enrichment request to the clearing participants, and receiving enriched firm trade in response. The method further includes processing the firm trade as a cleared trade using the received enriched firm trade data. The method further includes submitting the firm trade to a trade reporting repository. | 02-06-2014 |
20140040098 | CONFIRMING AND RECORDING COMPLIANCE WITH MARKUP AND MARKET PRICE GUIDELINES - A method includes: (a) receiving market data, in which the market data includes information relating to one or more transactions of a security; (b) obtaining, using a data processing apparatus, a contemporaneous reference value, in which the contemporaneous reference value is contemporaneous with a first transaction of the security; (c) obtaining, from the market data, a sample transaction value; (d) defining a market movement threshold value and determining whether a difference between the sample transaction value and the contemporaneous reference value is greater than the market movement threshold value; and (e) outputting to computer-based memory a result of determining whether the difference between the first sample transaction value and the first contemporaneous reference value is greater than the market movement threshold value. | 02-06-2014 |
20140040099 | ONLINE STOCK PAYMENT SYSTEM - In general, this disclosure describes an electronic payment processing system that facilitates payment for goods or services using securities, such as stock. In some examples, A computing device includes at least one processor configured to receive data indicating an electronic payment request for a transaction associated with a provider of goods or services; process the payment request with a payment processing system to access a data store of a data storage device to identify one or more accounts associated with a recipient of the goods or services and to determine whether the identified accounts have sufficient amount of securities to satisfy an amount specified by the electronic payment request; and when the identified account has a sufficient amount of securities to satisfy the amount specified by the payment request, automatically generating an electronic response message from the payment processing system indicating pending payment for the transaction. | 02-06-2014 |
20140040100 | ONLINE STOCK PAYMENT SYSTEM - In general, this disclosure describes an electronic payment processing system that facilitates payment for goods or services using securities, such as stock. In some examples, A computing device includes at least one processor configured to receive data indicating an electronic payment request for a transaction associated with a provider of goods or services; process the payment request with a payment processing system to access a data store of a data storage device to identify one or more accounts associated with a recipient of the goods or services and to determine whether the identified accounts have sufficient amount of securities to satisfy an amount specified by the electronic payment request; and when the identified account has a sufficient amount of securities to satisfy the amount specified by the payment request, automatically generating an electronic response message from the payment processing system indicating pending payment for the transaction. | 02-06-2014 |
20140040101 | REAL TIME TRADING - A computer based system for executing transactions involving financial instruments, comprising a central host computer system, and a network of client computer systems including browser-based software which is adapted to present different interfaces to different trading parties, and also adapted to enable the different parties to set permission filters which control the presentation of information relating to their own trading, to other parties. | 02-06-2014 |
20140040102 | SYSTEM AND METHOD FOR TRADING MULTIPLE TRADEABLE OBJECTS USING A SINGLE TRADING INTERFACE - A system and method are provided for displaying information related to a plurality of tradeable objects using a single graphical interface. One example graphical interface includes at least two screen regions displayed in relation to each other, with each region including a plurality of locations. Each location in the first screen region corresponds to a value along a first value axis, and each location in the second screen region corresponds to a value along a second value axis. The graphical interface also includes a first indicator in the first region and a second indicator in the second region. In response to a repositioning command based on an algorithm, the graphical interface includes a repositioned first value axis and the second value axis, such that the indicators are displayed in new locations determined based on the algorithm. | 02-06-2014 |
20140040103 | ELECTRONIC TRADING SYSTEM HAVING INCREASED LIQUIDITY PROVISION - 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. | 02-06-2014 |
20140040104 | System and Method for Reducing the Risks Involved in Trading Multiple Spread Trading Strategies - System and methods for reducing the risks involved in trading multiple spread trading strategies in an electronic trading environment are provided. Specifically, reducing the risks involved in trading multiple spreads that share a leg by, among other things, quoting a single order in the shared leg instead of quoting orders for each of the corresponding spread legs. Based on the computed quote price for the single order, associating the single order with the leaned on price that results in the price closest to the inside market in the shared leg. The single quote order is based on the market conditions in the spread legs and the desired spread price. Once the single order fills, a hedge order is sent to the leg that obtains the most advantageous price for the spread based on the other spread options. | 02-06-2014 |
20140040105 | System and Method for Tracking Priority Interests in a Financial Trading System - An electronic trading platform can perform automated trading of one or more types of financial instruments (e.g., equities or options). Interests (e.g., quotes, set of quotes, bids and offers) of market participants are analyzed to determine if they qualify as a “Priority Interest” when an initiating interest is matched with resting interest on the contraside. If one or more interests qualify as a Priority Interest, the corresponding participant who submitted the corresponding interest may remain eligible for allocation in a Market Maker allocation tier. Allocation as a Market Maker with Priority Interest includes, but is not limited to, in combination or individually: (1) allocation ahead of or preference over other equal-priced interest, (2) Market Maker standard fees for trades corresponding to the interest, and/or (3) trades resulting from Priority Interest may count towards a Market Maker's volume requirement(s) in its appointed classes. | 02-06-2014 |
20140040106 | METHODS AND SYSTEMS FOR RETRIEVING DATA STORED IN A DATABASE - A computer-implemented, transaction-making, municipal bond trading system having a capability to conduct a private electronic auction of bid wanteds between a central brokers' broker and multiple prospective remote bidders and to maintain a reference database of accurate individual bond lot descriptions and identifications, including CUSIP (trademark) numbers. | 02-06-2014 |
20140040107 | METHOD AND SYSTEM OF TRADING A STANDARDIZED CONTRACT - A system, method, and corresponding computer program product facilitates trading of a standardized contract. The terms of the contract may be such that it provides a payout from one party to the other based on the price, yield, level or other measure of an asset, basket, index, financial contract, other financial instrument or some economically significant variable observed at or around two specified times, both such times being after the time that the standardized contract is first available for trading. Alternatively, the terms of the contract may be such that it provides that one party has the right but not the obligation either to purchase or to sell some asset at a price which is determined at a first specified time, such right to be exercised at some time not later than the second specified time, both such times being after the time that the standardized contract is first available for trading. These and other related contracts are described. | 02-06-2014 |
20140040108 | System and Method for Multi-Market Risk Control in a Distributed Electronic Trading Environment - A system and method are provided for distributed risk management. According to one example embodiment, a central risk controller is provided that can communicate with a plurality of local risk management modules located at a plurality of gateways. The central risk controller may allocate a portion of a central account balance associated with a trading account to each local risk management module. Then, as the trades are made using the trading account, the local risk management modules may manage risk associated with the trades until the local account balance is insufficient. As the account balance gets low, the local risk management module may query the central risk controller for the additional risk account balance. | 02-06-2014 |
20140040109 | High Speed Processing of Financial Information Using FPGA Devices - A high speed apparatus and method for processing a plurality of financial market data messages are disclosed. With respect to an exemplary embodiment, a reconfigurable logic device is employed to generate a plurality of financial market data messages from a plurality of the data fields, each generated message having a specified message format. | 02-06-2014 |
20140040110 | System and Method for Using Order Modifiers in Relation to Trading Strategies - A quantity modifier and a price modifier are provided for a spread trading strategy having a desired spread price and a desired spread quantity. According to an example embodiment, a quantity modifier divides the desired spread quantity into a plurality of disclosed spread quantities. Once the disclosed quantities are determined, a plurality of disclosed spread orders having the disclosed spread quantities are sequentially submitted to the market until the full desired spread order quantity is executed or until a predefined condition is detected. A price modifier determines a price level for each disclosed spread quantity, such that each disclosed spread order may be submitted at a different price level. | 02-06-2014 |
20140046821 | System And Method For Business To Investor Exchange For Raising Capital And For Creating A Secondary Market For Private Equity - The present invention creates a secondary market in private equities by auctioning venture-backed private equities over the Internet to qualified investors. Typical sources for the private equities will be interests in limited partnerships and pre-IPO or pulled-IPO securities. The operator of the system may sometimes take a position in certain private equities so as to have “inventory” to later sell on the system. In a typical buyer-driven transaction using the present invention, a qualified buyer puts out a bid for private assets in a particular area. Sellers who subscribe to the system receive notice of the bid and can then respond. In a typical seller-driven transaction using the present invention, a seller puts out a notice on the system of equities for sale. Buyers who subscribe to the system receive notice and can respond. Either the buyer or the seller may be charged by the system, depending on the transaction. | 02-13-2014 |
20140046822 | SYSTEM, METHOD, ARTICLE FOR FACILITATING DERIVATIVES TRANSACTIONS - A derivatives transaction service is provided and includes qualifying prospective users of the service based on a user type and credit evaluation, determining approved transaction types for qualified users, identifying approved risk mitigation methods for qualified users; enrolling qualified users in the service; and providing to a qualified user services such as transaction search services; transaction offer services; portfolio management services; and transaction negotiation services. The service may be provided using one or more configured computing systems. | 02-13-2014 |
20140046823 | FINANCIAL INSTRUMENT WITH SELF-COVERING OPTION POSITIONS - A financial instrument involves creating an underlying asset portfolio and implementing a passive total return strategy into the financial instrument based on writing a covered call option against that same underlying portfolio for a set period and using the premium from selling this new call option to ‘cover’ additional options or option spreads written. The additional options are put option credit spreads, and all option positions are held until expiration, when a new call option is sold, and the premium from that option is used to cover additional options. | 02-13-2014 |
20140046824 | TIMING MECHANISM AND DIRECTED MESSAGING FOR ELECTRONIC TRADING PLATFORM - A system and interface for trading financial instruments. The system consists of an intermediary computer system that is operable to communicate with one or more trader terminals utilizing either a private line, a network or the Internet. The intermediary computer system is comprised of one or more processors and storage media. The intermediary computer system communicates with trader terminals and displays to the trader terminals a listing of financial instruments, and information related to such financial instruments, that are available for trading. The intermediary computer system periodically updates the option adjusted price of financial instruments as to provide the traders with a time period in which the price will remain stable and during which time the traders can confidently execute orders based on the then available price. A timer, which is constantly visible to traders using the electronic trading system, displays the amount of time remaining until the displayed adjusted prices will be updated. The intermediary computer system is also operable to communicate directly with selected traders or groups of traders in the form of directed messages to the trader terminals. | 02-13-2014 |
20140046825 | SYSTEMS AND METHODS FOR FACILITATING ELECTRONIC SECURITIES TRANSACTIONS - Systems and methods for facilitating securities transactions are shown. In one embodiment, the method provides receiving a collection of order information from one or more order management systems, such that the order information for each order includes a security name and a side, searching for matching contra order information within the collection of order information, such that each matching contra information includes a buy side order information and a sell side order information, sending at least one side of the matching contra order information to at least one user workstation, and displaying the at least one side of the matching contra order information to a user. | 02-13-2014 |
20140046826 | METHODS AND SYSTEMS FOR RETRIEVING DATA STORED IN A DATABASE - A computer-implemented, transaction-making, municipal bond trading system having a capability to conduct a private electronic auction of bid wanteds between a central brokers' broker and multiple prospective remote bidders and to maintain a reference database of accurate individual bond lot descriptions and identifications, including CUSIP (trademark) numbers. | 02-13-2014 |
20140052597 | DETERMINATION OF BANDING START PRICE FOR ORDER EVALUATION - A banding start price may be generated using one of multiple subroutines. Each of the subroutines may generate a banding start price using a different algorithm and may have different input data criteria. Each of those subroutines may be ranked based expected accuracy of a price output by the subroutine. The banding start price may be generated by the highest ranking subroutine for which there is input data satisfying relevant criteria. | 02-20-2014 |
20140052598 | REAL-TIME TRADING AND PURCHASING OF VALUE DOCUMENTS - This disclosure describes a system for real-time trading and purchasing of value documents. Described is providing access over the internet with a device to a registry server with a registry database. Next, described is setting up a registry for a plurality of value documents. Further described is the registration of owners and their value documents in a log file. And further described is keeping entries of the registered value documents. Next described is the opening an e-wallet account by a buyer that defines an exit account and then verifying it. Further described is interconnecting the e-wallet, the registry and the exit account. Additionally described is the pre-order validation of all orders. And, then described is the trading and settlement of funds and the value documents between the owner and the buyer. And then described is updating and recording information when a trade of the documents is executed. | 02-20-2014 |
20140052599 | METHODS AND SYSTEMS FOR CREATING AN INTEREST RATE SWAP VOLATILITY INDEX AND TRADING DERIVATIVE PRODUCTS BASED THEREON - Systems and methods for creating and disseminating an interest rate swap volatility index based on an underlying interest rate swaption, and for creating and trading derivative investment products based on the interest rate swap volatility index, are disclosed. In one aspect, an interest rate swap volatility index based on an underlying interest rate swaption is calculated. The interest rate swap volatility index may be accessed by a processor of a trading platform and a standardized, exchange traded derivative may be created based on the calculated interest rate swap volatility index. Information associated with the interest rate swap volatility index derivative may then be transmitted for display. | 02-20-2014 |
20140052600 | GRAPHICAL USER INTERFACE RELATED TO NON-STANDARD TRADING OF FINANCIAL INSTRUMENTS - A graphical user interface related to non-standard settlement trading in financial instruments is provided. The graphical user interface preferably includes a selectable portion of a display screen related to a financial instrument and a selectable tab for accessing a selectable portion of the display screen related to one or a plurality of non-standard settlement positions with respect to the financial instrument. In one embodiment of the invention, when the tab is selected, access is provided to the selectable portion of the display screen related to the plurality of non-standard settlement positions. | 02-20-2014 |
20140052601 | System and Method for Online Trading Using an Electronic Spreadsheet - A system and method for receiving streamed, real time quotes with respect to financial instruments. The system applies a spreadsheet based investment strategy to the real time quotes, generating electronic orders based on the results of the investment strategy analysis and transmitting the orders for real time execution. The system generates a unique order identifier that allows users to actively track the status of orders in real time. This unique order identifiers can be shared with other users so that other trading strategies can be developed to execute upon the successful execution of the order (e.g., hedging). | 02-20-2014 |
20140052602 | SYSTEMS AND METHODS FOR SECURITIZING A COMMODITY - A method for creating trust shares in a physical commodity, the trust shares being tradable over an electronic communications network, includes receiving a creation order comprising a request to create the trust shares, confirming delivery into a trust account of an amount of physical commodity associated with the trust shares being requested, and releasing the requested trust shares based upon the amount of physical commodity delivered into the account. A method for redeeming trust shares associated with a physical commodity, the trust shares being tradable over an electronic communications network, includes receiving a redemption order comprising a request to redeem an amount of trust shares associated with an amount of the physical commodity held in a trust account, receiving the amount of the trust shares, and releasing from the trust account the amount of the physical commodity associated with the amount of the trust shares received. | 02-20-2014 |
20140052603 | Prediction Market System and Methods - Systems and methods for operating a prediction market, including methods for finding disagreement with the consensus among participants and methods for managing liquidity. Also, an interactive user interface to facilitate investing, with one user action, in a prediction market. | 02-20-2014 |
20140058917 | Method for trade and exchange of expert information, including prognosis or prediction opinions - System and method for providing a forum or platform for its users to share their own market analysis and predictions, and to receive the same sort of information from others. This exchange of information to be done electronically, via Internet, other information networks. The system to consist of a set of databases, storing and tracking each user's history of predictions, for its timing, accuracy, character; user profiles for their success rate, frequency of usage, safety and clearance from the insider trading. The system further to allow the users, with proven above-average success rate, to sell their predictions to the public, thus liberating the access to financial expert knowledge: both for the providers, who do not possess power to run their own consulting firm, and for the users of the content, who don't want to purchase expensive subscriptions from one analyst but would rather micro-purchase singular predictions from many providers. | 02-27-2014 |
20140058918 | STANDARDIZATION AND MANAGEMENT OF OVER-THE-COUNTER FINANCIAL INSTRUMENTS - A method of managing financial products is disclosed. The method includes receiving transaction parameters associated with a financial transaction, determining a standardized financial product, wherein the standardized financial transaction reflects the transaction parameters associated with the financial position, calculating a net present value position between the financial position and the standardized financial product, and clearing the net present value position through a clearing party. | 02-27-2014 |
20140058919 | METHODS AND SYSTEMS REGARDING VOLATILITY RISK PREMIUM INDEX - An exemplary aspect comprises receiving data related to an underlying asset; calculating values corresponding to near-term implied volatility and realized volatility for the underlying asset; and transmitting data sufficient to describe an index based on a difference between the values corresponding to the near-term implied volatility and the realized volatility for the underlying asset. Another exemplary aspect comprises receiving electronic data related to an underlying asset; calculating data sufficient to describe a plurality of call options and a plurality of put options related to the underlying asset and written on a first settlement date; crediting an account with proceeds from selling the call and put options; and debiting the account to settle one or more of the options that are in-the-money on a second settlement date. Other aspects are apparent from the description and claims. | 02-27-2014 |
20140058920 | SYSTEM AND METHOD FOR DISPLAYING A VIEW OF MARKET DEPTH ON A GRAPHICAL USER INTERFACE - A graphical interface and method are provided for displaying market information corresponding to a tradeable object. According to one example embodiment, a market depth indicator is displayed in relation to a value axis in a market overview interface. Then, detailed market depth is displayed in a market depth interface, and a plurality of market depth prices displayed in the market depth interface are adjustable based on a position of the market depth indicator in relation to the value axis. | 02-27-2014 |
20140058921 | Dynamic Functionality Based on Window Characteristics - A system and method are described for changing window's functionality upon detecting resizing events. According to one example method, a plurality of size thresholds is defined that are associated with a plurality of functional states for a window. Upon detecting that a size of a window reaches a first size threshold, a first functional state is applied to a window. Then, upon detecting another size threshold as the window is being increased or decreased in size, another functional state associated with the detected threshold is applied to the window. | 02-27-2014 |
20140058922 | SYSTEM AND METHOD FOR DYNAMICALLY REGULATING ORDER ENTRY IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for trading a trading strategy defined for at least one tradeable object in an electronic trading environment. More specifically, one example method includes using a first pay-up tick value to determine a first acceptable price level for an order associated with the trading strategy, automatically modifying the first pay-up tick to a second pay-up tick value in response to detecting a predefined condition, and using the second pay-up tick value to determine a second acceptable price level for the order associated with the trading strategy. | 02-27-2014 |
20140058923 | COMPOUND REDEMPTION APPARATUS AND METHOD OF USE - The present invention provides methods and apparatus relating to the creation and redemption of Compound Redeemable Instruments. Apparatus may a serve executing executable software to transmit information relating to Compound Redeemable Instruments and receive instructions to trade or redeem Compound Redeemable Instruments. | 02-27-2014 |
20140067638 | ORDER ALLOCATION - In an automated exchange, an incoming sell order is allocated to standing buy orders based on the aggregated time the trading participant having standing buy orders have spent on a best-bid-offer (BBO) value. Hereby, it is made possible to improve trading of some financial instruments when it is desired to favor, or reward, order allocation to trading participants that bring liquidity to the market of the financial instrument in question. | 03-06-2014 |
20140067639 | CREATION AND TRADING OF FLOATING-RATE EXCHANGEABLE TREASURY INSTRUMENTS - Rather than issuing floating rate debt obligations, techniques are described for allowing a sovereign debt issuer, such as the United States Treasury, to issue novel exchangeable fixed rate debt instruments. A system, method, and computer program product are provided for exchanging the fixed rate exchangeable sovereign debt instruments for floating rate exchangeable sovereign debt instruments in combination with negotiation of an interest rate swap contract. | 03-06-2014 |
20140067640 | SYSTEMS AND METHOD FOR BIN-BASED RISK MANAGED TRADING - Predefined exposure limits including an actual and a permitted maximum number of owned instrument units or that an entity is exposed are used to determine trade executability. A request for strips of financial instruments is received. A stepped graph is constructed for the financial instrument based on held positions, wherein one axis of the stepped graph represents a time period covering the strip of contracts and another axis represents a total exposure to the financial instrument. The received request is compared to the stepped graph to determine whether the permitted maximum number of investment units would be violated for one or more of the first units of time should the requested trade execute. The trade is then allowed to execute if no violation is determined, and blocked otherwise. | 03-06-2014 |
20140067641 | INFORMATION PROCESSING SYSTEM, INFORMATION PROCESSING APPARATUS, AND COMPUTER READABLE MEDIUM - An information processing system includes a desired commodity-purchase-information acquisition unit that acquires pieces of desired commodity purchase information each including a desired purchase condition for a commodity, a desired commodity-selling-information acquisition unit that acquires desired commodity selling information including a desired selling condition for the commodity, a difference acquisition unit that acquires a difference obtained by subtracting a desired selling price obtained on the basis of the desired selling information from a desired purchase price obtained on the basis of the desired commodity purchase information for each of the pieces of desired commodity purchase information, and a determination unit that performs determination and that accepts one or more of the pieces of desired commodity purchase information for which the total of the differences is equal to or more than zero, as those for which sales are to be made, on the basis of the differences. | 03-06-2014 |
20140067642 | Methods and Systems for Creating a Time Deposit Volatility Index and Trading Derivative Products Based Thereon - A computer system for calculating a time deposit volatility index comprising memory configured to store at least one program; and at least one processor communicatively coupled to the memory, in which the at least one program, when executed by the at least one processor, causes the at least one processor to receive data regarding options on time deposit derivatives; calculate, using the data regarding options on time deposit derivatives, the time deposit volatility index; and transmit data regarding the time deposit volatility index. | 03-06-2014 |
20140067643 | SYSTEM AND METHOD FOR PURCHASING A FINANCIAL INSTRUMENT INDEXED TO ENTERTAINMENT REVENUE - A method for purchasing a securities bundle indexed to entertainment revenue comprises selecting a securities bundle offered by a special-purpose entity. The securities bundle comprises a first security and a second security and the securities bundle is associated with a closing date. The first security is associated with a first entertainment event and the second security is associated with a second entertainment event. The method continues by identifying a return value associated with the securities bundle, and by identifying a purchase price associated with the securities bundle. The method concludes by purchasing the selected securities bundle at least partially based on the purchase price and the return value. | 03-06-2014 |
20140067644 | System and Method for Crowdfunded Investment Clearance and Compliance - Using an intermediary system, a method of providing entrepreneurs with crowdfunding capital that maintains appropriate monitoring controls, expedites document handling, and efficiently transfers funds between participating parties. | 03-06-2014 |
20140067645 | SYSTEM AND METHOD FOR MANAGING INFORMATION RELATED TO SPATIALLY RESOLVED UNITS - A system and method is provided for apportioning and selling non-overlapping virtual overlay territorial units based on a system of coordinates, with accompanying exclusive rights to sell advertising and post information within a geographic area defined by a corresponding virtual overlay territorial unit. The inventive system and method is facilitated by an Internet based platform accessed via a website with a graphical user interface (GUI) is used to present varying views of geographic areas that may range from the entire globe down to unitized areas presented at street level. The platform combines different resources, such as geographical and satellite maps, search engines, instant messaging, news, or social networking, etc., into one application. | 03-06-2014 |
20140067646 | System and Method for Holding and Sending an Order to a Matching Engine - A user can submit an order to buy or sell a tradeable object, only the order does not get sent to the matching engine. Instead, the order is placed in temporary storage and it is displayed to the user in the form of a virtual order icon. The virtual order icon indicates that an order request is waiting for an event to occur before it is automatically released to the matching engine. The virtual order icon can be managed by the user, which might include moving the icon to a different price level or deleting it. The system continuously monitors for an event to take place. In response to detecting the event, the order is released to the matching engine. As such, the virtual order icon is transformed or removed and a real order icon is displayed indicating that the order has now been sent to the matching engine. | 03-06-2014 |
20140067647 | SYSTEM AND METHOD FOR IMPLEMENTING AND MANAGING BUNDLED OPTION BOX FUTURES - A system and method of providing a collateralized loan utilizing a clearing counterparty is disclosed. The system includes a match engine module to receive an order for a bundled box spread future representative of the collateralized loan via an options box spread. The order specifies an interest rate associated with the collateralized loan as the price of the futures contract. A trade database identifies a bundled box spread future associated with the received order and interest rate and an order book module identifies a standing order that is compatible with the received order. A clearing module credits an account with a loan amount based on the identified bundled option box future. A risk management module credits a margin amount to reflect the collateralized loan and associated collateral assets. | 03-06-2014 |
20140067648 | PRICE IMPROVEMENT IN REQUEST FOR QUOTATION TRADING - Systems and methods for providing valid responses to requests for quotations are provided. In one embodiment of the invention, a system according to the invention preferably includes a server. The server includes a server storage device and a server processor connected to the server storage device. The server storage device preferably stores a server program for controlling the server processor. The server processor is preferably operative to receive a request from a requesting participant for a market-validated offer to sell an item; receive an offer price from a responding participant in response to the request; and provide a bid to an electronic marketplace, the bid including a price that is lower than the received offer price. | 03-06-2014 |
20140074680 | Futures Exchange Support of Spot Trading - A computer system associated with spot market trading in a particular subject matter may communicate with a computer system associated with trading in futures contracts or options in futures contracts for the subject matter. The communications may include pricing data for at least one of futures contracts or options in futures contracts for the subject matter, which pricing data may be used for spot market pricing. The communications may also include communications regarding futures hedging of spot trading in the subject matter. | 03-13-2014 |
20140074681 | SYSTEM AND METHOD FOR TRADING GREEN TECHNOLOGY AND PATENT TECHNOLOGY - A system and method for trading green technology and patent technology. The system includes a patent owner computer for entrusting purchase of a certain patent right to a patent trading market, a patent exchange server for evaluating a value of the patent right as in a stock exchange market, deciding a price of the patent right, deciding how many pieces the patent right will be divided into, and publishing the decided details of the patent right. An examination authority server receives information from an expert group evaluating and examining a value of the patent right registered in the patent exchange server and entrusted by the patent exchange server, and providing results of the evaluation and examination with respect to the patent right to the patent exchange server. A patent purchaser computer participates in purchasing of the patent right, and a patent infringement monitoring server monitors patent infringement. | 03-13-2014 |
20140074682 | GLOBALLY OPTIMUM TRADING POSITIONS IN RISK-NEUTRAL MEASURE - A trading position evaluation system for evaluating trading positions that are globally optimum in a risk-neutral measure includes an option price determination module configured to determine a current option price and a shifted option price of an underlying asset of a European Contingent Claim (ECC) at a trading time instance amongst a plurality of trading time instances obtained from a trader, based on ECC data and market data. The ECC data comprises data associated with the ECC and the underlying asset of the ECC, and the market data comprises annualized volatility of the underlying asset and risk-free interest rate of market. Based on the current option price and the shifted option price, a position evaluation module evaluates a trading position at the trading time instance that minimizes global variance of profit and loss to the trader. | 03-13-2014 |
20140074683 | SYSTEMS AND METHODS OF CONDUCTING FINANCIAL TRANSACTIONS - Systems and methods of conducting financial transactions are disclosed. For example, one disclosed method includes receiving a first price on a computer from a provider, the first price associated with an available volume of a financial instrument; associating the price with the provider in a computerized database of a plurality of providers; identifying a plurality of user-preferred providers in the computerized database associated with the first price; aggregating the available volume of the financial instrument offered for sale or required for purchase by the plurality of user-preferred providers on the computer; and causing the aggregated volume of the financial instrument to be displayed on a display in communication with the computer. | 03-13-2014 |
20140074684 | BIMODAL COMPUTER-BASED SYSTEM FOR SELLING FINANCIAL PRODUCTS - Disclosed are computer-implemented systems and software comprising a software module configured to provide financial product education, research, and recommendation tools, the tools operating in a self-service mode adapted for use by a consumer; a software module configured to provide the financial product education, research, and recommendation tools, the tools operating in a collaboration mode, the collaboration mode comprising a sales overlay adapted for use by a sales representative; and a software module configured to generate a unique code for the consumer, the code providing persistence of state and data information between the self-service mode and the collaboration mode across locations and interfaces without authentication. Also disclosed are methods of making and using the same. | 03-13-2014 |
20140074685 | PROPERTY RIGHTS MANAGEMENT PLATFORM - The present document describes a platform configured to recommend in a push manner a selection of prospect acquirers for a product in a target market, the platform comprising: a product database containing product, an acquirer directory with past transactions information, a search engine configured to scan the acquirer directory to rank prospect acquirers using a set of ranking criteria; and an interface to display a selection of highly-ranked prospect acquirers. According to an embodiment, the platform is further configured to assess a transaction proposal made by a prospect acquirer for the product, the platform further comprising a proprietor directory with information about past contracts, and a processing engine configured to automatically evaluate the transaction proposal by comparing the transaction proposal information with the information stored in the acquirer directory and in the proprietor directory on the basis of assessment criteria, thereby providing a recommendation about the transaction proposal. | 03-13-2014 |
20140074686 | METHOD AND SYSTEM FOR GENERATING AND TRADING COMPOSITE CONTRACTS - The disclosed embodiments provide a system and method for automatically generating a composite contract characterized by at least one parameter. A first subset of eligible component contracts is identified from a set of available component contracts wherein each of the available component contracts is characterized by at least one attribute. A second subset of component contracts is then selected from the first subset to generate the composite contract. | 03-13-2014 |
20140081818 | Matched Order Fulfillment with Linear Optimization - A method for matching compound orders from a group of market participants includes receiving, via a communication network, compound order data, the compound order data specifying a maximum amount of a financial instrument of a plurality of financial instruments to be bought or sold by each market participant, accessing a memory in which price data is stored, the price data indicating a current price of each financial instrument, implementing, with a processor, a linear solver to maximize fulfillment of the compound orders via order matching for execution at the current prices in accordance with the maximum amounts specified in the compound order data and in accordance with a maximum net risk exposure level for each market participant arising from the fulfillment of the compound orders, and transmitting trade data indicative of the order matching for execution of trades among the market participants at the current prices. | 03-20-2014 |
20140081819 | Processing Fixed Unit Financial Instruments - Systems and methods are provided for processing fixed unit futures contracts. The initial notional value of a fixed unit futures contract is set to a round number. As the value changes over time, gains and losses are settled and the value of the fixed unit futures contract is returned to the notional value. The value of the fixed unit futures contract may begin each trading session at the notional value. | 03-20-2014 |
20140081820 | METHODS AND SYSTEMS FOR INTER-ACCOUNT MARGIN OPTIMIZATION - The disclosed embodiments relate to reducing, minimizing or otherwise optimizing margin requirements for a trader having both an interest rate (IR) futures and over-the-counter (OTC) interest rate swaps (IRS) accounts by efficiently allocating IR futures across both accounts. | 03-20-2014 |
20140081821 | INVENTORY MANAGEMENT SYSTEM - A method for managing inventories of commodities using a centralized inventory database to facilitate commodity trading. The method includes propagating the centralized inventory database with long and short inventory positions submitted by various dealers. Dealers use the centralized inventory database to locate long and short inventory positions of other dealers, coordinate commodity trades to offset their own long and short positions, and to adjust their own inventory positions to better address market forces. | 03-20-2014 |
20140081822 | AUTOMATED BATCH AUCTIONS IN CONJUNCTION WITH CONTINUOUS FINANCIAL MARKETS - A method and system for performing a batch auction whereby a series of orders, according to a variety of predetermined order types, are generated by qualified market participants and communicated to an auction system. The auction system takes into account each order and its impact upon relative supply and demand to determine by a preset algorithm a price and share transaction quantity. Trades are executed at the price, and a portion of the transaction quantity is allocated to each investor on a fair basis dependent upon their initial orders. In embodiments of the present invention, the auction system uses a computer system or network designed to automatically perform one or more steps of the above method. Such a system is preferably connected to one or more ECNs such that non-executed shares can be automatically sent to outside sources for execution. In alternative embodiments, the invention includes the use of a one or more intermediaries or market makers to cover certain unexecuted trades at the determined price. The present invention is preferably used to conduct batch auctions at the opening and closing of securities trading markets. | 03-20-2014 |
20140081823 | TRADING OF FINANCIAL INTERESTS INCLUDING REALLOCATION OF COMMITTED ORDER QUANTITY - 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. | 03-20-2014 |
20140081824 | Method for forecasting and likelihood estimation in technology development through means of a derivatives trading exchange, funding of prize amounts for incentivizing technology development through same trading exchange, and incentivizing development of high-quality inducement prize contests - The present invention is a method for forecasting and likelihood estimation in technology development through means of a derivatives trading exchange, funding of prize amounts for incentivizing technology development through same trading exchange, and incentivizing development of high-quality Inducement Prize Contests through creation and trading warrants giving the warrant owner rights to issue an IPC prize funded by the derivatives trading exchange. | 03-20-2014 |
20140081825 | BLOCK PLACING TOOL FOR BUILDING A USER-DEFINED ALGORITHM FOR ELECTRONIC TRADING - Certain embodiments provide a block placing tool for building a user-defined algorithm for electronic trading. Certain embodiments provide for receiving by a block placing tool a selection of one or more blocks. Certain embodiments provide for receiving by a block placing tool a mapping definition including a mapping between block types and/or attributes. Certain embodiments provide for placing blocks based on a selection of blocks and a mapping definition. | 03-20-2014 |
20140081826 | Smart Trade Template Based Matching - Systems and methods for matching orders are provided. One or more trade templates are created. The trade templates define groups of orders for financial instruments that may be combined such that all of the orders are matched. A collection of tradable price levels is also created for each template. New orders and resting orders are analyzed using one or more trade templates and tradable price levels to determine whether a combination of orders satisfies all of the elements of a trade template with a required price level. When all of the elements of a trade template are satisfied and an order with a tradable price level is received, the corresponding orders may be matched contemporaneously. | 03-20-2014 |
20140081827 | System and Method for Assigning Responsibility for Trade Order Execution - An embodiment of the present invention provides a system and method for a sponsoring organization to: (1) utilize a rules-based computer system to capture trade orders from sub-advisors (money management firms) in order to implement a pre trade compliance review process, thereby enabling the sponsoring organization to prevent the execution of trade orders by a sub advisor that violates securities laws and/or account restrictions; and (2) determine and assign, based on expected market impact of a trade order to buy or sell securities, whether responsibility (discretion over the decisions related to how, when and with whom a trade order is executed) for executing the trade order is assigned to the money management firm for an investment portfolio or to the sponsoring organization of that portfolio. Trade orders are categorized in real-time as “high touch” (significant effort and market impact) or “low touch” (insignificant effort and market impact). | 03-20-2014 |
20140081828 | CLICK BASED TRADING WITH INTUITIVE GRID DISPLAY OF MARKET DEPTH AND PRICE CONSOLIDATION - A method and system for reducing the time it takes for a trader to place a trade when electronically trading on an exchange, thus increasing the likelihood that the trader will have orders filled at desirable prices and quantities. The “Mercury” display and trading method of the present invention ensure fast and accurate execution of trades by displaying market depth on a vertical or horizontal plane, which fluctuates logically up or down, left or right across the plane as the market prices fluctuate. This allows the trader to trade quickly and efficiently. The price consolidation feature of the present invention, as described herein, enables a trader to consolidate a number of prices in order to condense the display. Such action allows a trader to view a greater range of prices and a greater number of orders in the market at any given time. By consolidating prices, and therefore orders, a trader reduces the risk of a favorable order scrolling from the screen prior to filling a bid or ask on that order at a favorable price. | 03-20-2014 |
20140081829 | Symbolic Language for Trade Matching - A symbolic modeling language for trade matching providers techniques to describe the specialized operations of a match engine in a form that can be understood by business analysts and readily translated into program code and test cases by developers and testers. Associated techniques for calculating implied markets and testing can expedite match engine development, testing and maintenance. | 03-20-2014 |
20140081830 | Processor-Based Systems and Computer-Implemented Methods for Identification, Sourcing, and Acquisition of Distressed Debt - Disclosed herein are processor-based systems and computer-implemented methods for identification, sourcing, and acquisition of distressed debt. At least one embodiment provides amalgamated debt information associated with an indebted entity, which may owe debt to multiple disparate lending entities. Often, debt information involving these lending entities is maintained in a number of unassociated and disparate data sources, to which access may be restricted on a subscriber basis. To provide amalgamated debt information associated with the indebted entity, a computer platform is programmed to carry out at least one of searching and receiving debt information that is associated with the indebted entity and that identifies some or all of the multiple disparate lending entities. The platform is programmed to amalgamate and organize the debt information, and to present the amalgamated-and-organized debt information via a user interface, providing consolidated access to the unassociated and disparate data sources. | 03-20-2014 |
20140081831 | Systems and Methods for Using Declining Balance Methodologies to Enhance Clearing of Dividend Futures and Other Instruments - Systems and method are disclosed for quoting, adjusting and settling futures contracts by successively removing the just-realized variables from the quoted futures price to focus the quoted contract value to the remaining unrealized economic variables. Further, such systems and method for quoting, adjusting and settling the futures contracts preserve the underlying economic consideration for the trade when compared with the traditional way of quoting futures based on the same cumulative sum. | 03-20-2014 |
20140089157 | SYSTEM FOR IMPLEMENTING A COMMODITY ISSUER RIGHTS MANAGEMENT PROCESS OVER A DISTRIBUTED COMMUNICATIONS NETWORK DEPLOYED IN A FINANCIAL MARKETPLACE - A computer-network implemented system recognizes that (i) a commodity owner/producer retains (i.e. withholds) the right to lend a commodity prior to the sale/production of a commodity and, (ii) the system allows commodity borrowers to purchase or lease from the commodity owners/producers, through the system, the right to borrow the non-borrowable commodity from the commodity owner/producer, according to sale or lease rates and other terms established by the commodity owner/producer with the system, so that (iii) commodity borrowers can then acquire the right to lend the non-borrowable commodity from the commodity owner/producer and, thereafter, (iv) commodity borrowers can sell the non-borrowable commodity short in the commodity/financial marketplace and profit from a short sale, without adversely effecting the commodity owner/producer. | 03-27-2014 |
20140089158 | ACCOUNT MANAGEMENT SYSTEM AND METHOD - An account management method is provided. The account management method includes steps: storing accounts and a user password for each account; receiving account information, and determining whether the account information matches one of the account information of the accounts; receiving a password; validating whether the user has an authority to set a delegating password and delegating authority for the account, and setting the delegating password and the delegating authority for the matched account when the user has the authority, wherein the delegating authority defines at least one authorized operation; comparing the received password with the user password and/or the delegating password to determine the received password is the user password or the delegating password; and implementing an operation when the received password is the user password or an authorized operation when the received password is the delegating password. | 03-27-2014 |
20140089159 | LOCALLY OPTIMUM TRADING POSITIONS IN MARKET MEASURE - A trading position evaluation system for evaluating trading positions that are locally optimum in a market measure includes an option price determination module configured to determine at a trading time instance amongst a plurality of trading time instances obtained from a trader, a scaled option price and a shifted scaled option price of an underlying asset of a European Contingent Claim (ECC) based on ECC data and market data. The ECC data comprises data associated with the ECC and the underlying asset of the ECC, and the market data comprises annualized rate of return and annualized volatility of the underlying asset, and interest rate of market. Based on the scaled option price and the shifted scaled option price, a position evaluation module evaluates a trading position at the trading time instance that minimizes local variance of profit and loss to the trader. | 03-27-2014 |
20140089160 | SYSTEMS AND METHODS FOR VENDING AND ACQUIRING ORDER PRIORITY - Systems and methods for vending and acquiring of trading priority in electronic trading systems are provided. The systems and method preferably provide for vending and acquiring priority in any suitable electronic trading system. Such suitable electronic trading systems include, but are not limited to, hit/lift exclusive priority systems, price time priority systems, order allocation systems, and request for quote systems. | 03-27-2014 |
20140089161 | Method and Apparatus for Simultaneous Average Price Execution in Leader and Follower Trading Accounts - A system, method and apparatus is disclosed for single, block-trade fulfillment and execution of leader and follower trade orders for financial products. The system and method includes an order routing means that aggregates a lead trader's trade order and the pre-registered order instructions of one or more follower traders, and that then fills the aggregated orders as a single block trade at one single price. The system and method also includes means to segregate identifying information about the lead trader and the follower traders from each other, and to re-integrate that identifying information in reports that are sent back to individual leader and follower traders. Further, the system and method includes storage means to store and record all trading information for regulatory audit purposes. | 03-27-2014 |
20140089162 | METHOD AND SYSTEM FOR IMPROVING EQUITY TRADE ORDER ACKNOWLEDGEMENT TIMES - A method and system for improving stock exchange equity trade order acknowledgment times including a network appliance (“trade accelerator”) in the sub-network of the trading platforms, having a specialized network flow processor with associated micro-code and a host processor running specialized software. Specialized network appliance software sensitive to trading protocols for communicating between trading platforms and exchange servers detects latency variations in trade order acknowledgments at the exchange and recommends to subscribing trading platforms a least latency trade order path. | 03-27-2014 |
20140089163 | High Speed Processing of Financial Information Using FPGA Devices - Methods and systems for processing financial market data using a reconfigurable logic device are disclosed. Various operations such as volume weighted average price (VWAP) operations can be performed on the financial market data using firmware logic deployed on the reconfigurable logic device to accelerate the speed of processing. | 03-27-2014 |
20140089164 | TRADE ENGINE PROCESSING OF MASS QUOTE MESSAGES AND RESULTING PRODUCTION OF MARKET DATA - Systems and methods are provided for processing mass quote messages and generating market data. A mass quote message is received and individual orders are parsed and processed. Individual market data messages are stored in a market data message buffer. After all orders are processed, the contents of the market data message buffer is distributed as a single market data message. | 03-27-2014 |
20140095365 | Directed Graph-Based Strategy Trading Tool - Certain embodiments provide systems, methods, and apparatus for directed graph-based strategy trading tools. In some embodiments, opportunities for altering a trading strategy position are visually represented by a tool as a directed graph. In some embodiments, a tool to facilitate trading strategy leg conversions is provided. | 04-03-2014 |
20140095366 | SYSTEM AND METHOD FOR AN EXCHANGE OF FINANCIAL INSTRUMENTS - Provided is a method and system for an online marketplace for the buying, selling and Servicing of financial instruments, such as accounts receivable, where the online marketplace receives and analyzes Account data from a Reporting Agency Database, such as a Consumer Reporting Agency Database. The online marketplace may include a plurality of business logic Components, including an Analysis Component, an Inventory Management Component, an Offer Component, a Transaction Component, a Post-Transaction Component, a Receivables Management Knowledge Base and a Servicing Component. The Receivables Management Knowledge Base applies industry rules and regulations to the data. Users of the online marketplace may be Account Owners, Buyers, sellers, Servicers and the like. Users flag Accounts in the Consumer Reporting Agency database to be placed for sale on the online marketplace. Users may also define Selection Criteria for automatic buying, automatic selling, alerts or other such business rules. | 04-03-2014 |
20140095367 | SYSTEM AND METHOD FOR PROTECTING AGAINST CORPORATE CRISES - A method, a system and a computer program are disclosed, which provide for a novel crisis management program. The method, system and computer program of the instant disclosure provide significant new protections to companies (buyers) against catastrophic events. A corporate buyer may enroll (or participate) in the crisis management program and reserve, for a payment, a fund infusion in the event of a significant crisis hitting a company, which may happen in a way that makes access to capital markets very expensive or not available at all. The method, system and computer program provide significant cash when it may be needed most by a company in crisis. | 04-03-2014 |
20140095368 | System and Method for Determining Implied Market Information - Implied prices and their quantities are computed. Markets are characterized by exhaustively computing one or more combinations of other related markets. Each combination when summed in a particular way results in the market under consideration. In a described embodiment, the number of market combinations found is an exhaustive list of market combinations such that the market under consideration can be fully and completely characterized, such that each combination provides implied market information about the market under consideration. Implied market information can include implied prices and their quantities, which are computed for each combination and used accordingly in displays or used by automated or semi-automated trading tools. | 04-03-2014 |
20140095369 | System and Method for Event Driven Virtual Workspace - A system and method for an event driven virtual workspace are described. According to one example method, a trader can define a plurality of windows to be associated with a virtual workspace. Also, the trader could define one or more triggering events, the combination of which may be used to activate the virtual workspace. In such an embodiment, when the system detects the one or more triggers, the system can attempt to activate the virtual workspace. According to the example method, the trader may place a number of limiting conditions before any states of the currently displayed windows are modified such that the triggered virtual workspace could be displayed. If no limiting conditions are detected, the system can display the triggered virtual workspace. | 04-03-2014 |
20140095370 | Regulating Order Entry in an Electronic Trading Environment to Maintain an Actual Cost for a Trading Strategy - Regulating order entry based on an acceptable slop range for a trading strategy is described. According to one example embodiment, a trader may define an acceptable slop range for a trading strategy as a percentage. Using a spread trading algorithm, a spread price axis is generated and the trader may place an order for the trading strategy at a desired price, comprising placing an order in one leg market dependent on the market conditions of another leg market. Using the acceptable slop range, the system keep the net cost to the trader within the acceptable slop range, by regulating orders in the leg markets. Defining an acceptable slop range as a percentage allows the trader to monitor and regulate their profits and loss, regardless of the type of spread trading algorithm used or the placement of an order on the spread price axis. | 04-03-2014 |
20140095371 | TIMING-BASED TRADE MATCHING - Methods, systems and computer program products for timing-based trade matching are provided. A computer-implemented method may include receiving a quote for a financial instrument offered by a first party, the quote comprising a minimum period of time for the first party to process a matching order; receiving an order for the financial instrument from a second party, the order comprising a maximum period of time the second party is to wait for processing of an identified matching quote; determining whether the quote and the order are compatible by at least comparing the minimum period of time for the quote to the maximum period of time for the order; and adjusting a list of one or more orders that are compatible with the quote as a potential match. | 04-03-2014 |
20140095372 | SYSTEMS AND METHODS FOR RESIDENTIAL REAL ESTATE RISK TRANSFERENCE VIA ASSET-BACKED INDEX SWAP AND/OR INVESTMENT CONTRACT - Real estate risk may be transferred via a contract associated with a real estate property. Such a contract may be an asset-backed index swap or an investment contract in which an owner entity of the real estate property grants to an investor entity an economic right to a portion of future appreciation of the real estate property in exchange for consideration. The contract may expire responsive to a transfer of title of the real estate property. Exemplary implementations may provide a way to slice off the growth component of the property to an investor who wants it yet leaves the utility value and existing equity squarely in the hands of the homeowner. This division of growth and utility components may allow the homeowner to sell just the growth component of the property—and do so at a lower price in exchange for the convenience and liquidity tendered. | 04-03-2014 |
20140095373 | SUPPLY CHAIN FINANCIAL ORCHESTRATION SYSTEM WITH CONFIGURABLE TRANSFER PRICING RULES - A system is provided that determines a transfer price based on a transfer pricing rule. The system receives a request to calculate a transfer price for a transaction between a first entity and a second entity of a supply chain financial orchestration flow, where the supply chain financial orchestration flow defines a trade relationship between the first entity and the second entity. The system further receives transaction information associated with the transaction. The system further selects a transfer pricing rule from a plurality of transfer pricing rules, where the transfer pricing rule defines a rule to calculate a transfer price. The system further calculates the transfer price for the transaction based on the received transaction information and the selected transfer pricing rule. The system further provides the transfer price. | 04-03-2014 |
20140095374 | SYSTEM AND METHOD FOR TRADING ORDER PRIORITY LEVELS IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method for trading order priority levels in an electronic trading environment are described. In one embodiment, a trader who is willing to have his order moved from a high priority level to a lower priority level in an order queue may advertise his willingness to do so, and other traders can place bids for the high priority level. In such an embodiment, for example, a bidder who places the highest bid or whose bid is received first may get the high priority level in the order queue in exchange for the paid fee. | 04-03-2014 |
20140095375 | Trade Matching Platform with Variable Pricing Based on Clearing Relationships - The disclosure describes a regulated trading platform capable of communicating with a plurality of clearing houses. In particular, aspects of the disclosure relate to providing and/or calculating differentiated prices for the same or underlying financial product/instrument capable of being cleared at different clearing houses. The trading platform may allow anonymous counterparties in a multi-clearinghouse environment, and with full transparency and improved liquidity. The trading platform may also allow for non-anonymous counterparties in some situations. | 04-03-2014 |
20140095376 | INVESTMENT FUNDS ENABLING A BOND LADDERING STRATEGY - An open-ended fund, such as an ETF, holds fixed-income securities and has a liquidation date. An order management system receives buy orders from a plurality of investors for purchasing shares of the fund receives and sell orders from a plurality of investors for selling shares of the fund. A fund management information system determines a yield for each investor based on the shares of the fund purchased by the investor and the fixed-income securities held by the fund at the time that the shares were purchased. The fund management information system also determines a plurality of distribution payments and a final liquidation payment for each investor so that the distribution payments and the final liquidation payment provide the yield determined for the investor when the investor purchased shares of the fund. This enables investors to use the fund in a bond laddering strategy. | 04-03-2014 |
20140095377 | TRADING SYSTEM AND METHODS - The present invention is directed to a system and method that facilitates the more fully informed and efficient trading of items of value, including securities. According to the present invention, certain embodiments permit a customer to determine the merits of and to execute a trade from a single screen. One embodiment of the present invention provides a single option chain trading screen enabling a customer to view a matrix of all available options for a given security, including the various strike prices, expiration dates, and whether they are calls or puts. Another embodiment provides a customer with a single option chain trading screen allowing a customer to “hover” at or near various icons to obtain supplemental information without leaving the trading screen, and use a triple-action selection component to ultimately execute a trade. | 04-03-2014 |
20140101017 | Configurable Order Entry, Matching, Coordination, and Market Data Intervals - Methods, system and articles of manufacture are disclosed including configurable order entry, matching, coordination and market data intervals. An example method to decouple order entry and matching of contra-side orders includes receiving a trade order during an order entry interval, wherein the order entry interval defines a first period. The example method also includes starting a matching interval at the expiration of the order entry interval, wherein the matching interval includes a second period and wherein the first period is contiguous to the second period. The example method further includes matching the trade order, during the matching interval, with one or more opposing tradable object trade orders received during the order entry interval, the trade order having a same price or same quantity as the one or more opposing trade orders. | 04-10-2014 |
20140101018 | Dynamically Adjusted Elastic Interface - Certain embodiments provide systems and methods for dynamic adjustment of a trading interface. An example method includes detecting a current position of a cursor with respect to a trading interface. The example method includes evaluating one or more candidate locations in the trading interface to determine at least one probable next cursor position based on at least one rule and at least one market condition. The example method includes providing an indication of the at least one probable next cursor position via the trading interface. An indication includes, for example, facilitating adjustment of the trading interface based on the one or more candidate locations to enlarge at least one of the one or more candidate locations in the trading interface. | 04-10-2014 |
20140101019 | SYSTEMS AND METHODS FOR ELECTRONIC TRADING THAT PERMIT PRINCIPAL/BROKER TRADING - Electronic trading systems and methods which facilitate principal/broker trading are provided. In a first aspect of the invention, a database relating to trading participants in the trading system is designed to indicate which traders utilize a principal/broker relationship and what, if any, limitations are placed on the activity of the broker, trading commands submitted by the broker, and counterparties in a transaction with the broker. In another aspect of the invention, trading commands and executed trades involving principals/brokers may be presented to other traders using special designations. The ability to enter certain trading commands by, and in response to, brokers may be limited. In a further aspect of the invention, anonymous trading features may prevent traders from knowing whether another trader is a broker or principal, may restrict traders from being able to block trading with brokers, and may permit brokers to configure anonymous trading parameters. | 04-10-2014 |
20140101020 | SYSTEM AND METHOD FOR GENERATING LIQUIDITY - A system for generating liquidity includes a plurality of client user interfaces and a matching system. Each client user interface includes a trading desktop which stores unexecuted trading positions. The matching system is coupled with the plurality of client user interfaces and configured to receive information about the unexecuted trading positions. The system can identify as a match one or more first indications of interest which can fulfill one or more second indications of interest, based upon the information about the unexecuted trading positions. For the identified matches, the system can provide a notification of the match and an invitation to execute the match to corresponding client user interfaces. When an invitation is accepted, the system forwards an order to an order execution system for execution. | 04-10-2014 |
20140101021 | METHODS FOR POST-TRADE ALLOCATION - A computer-implemented method for providing an allocation of a filled order made at a particular time, that involves receiving at least a price of a filled order made at a later time; generating a starting allocation across multiple managed accounts based at least in part on allocation factors of each of the multiple managed accounts; generating at least one additional allocation based at least in part on the starting allocation; determining a closest-fitting allocation according to a metric from amongst the starting allocation and the at least one additional allocation, the metric being based at least in part on the price of the filled order made at the later time and on a price of the filled order made at the particular time; and outputting the closest-fitting allocation. | 04-10-2014 |
20140101022 | AUTOMATED ENCODING OF FIELD OPERATORS - In one example, a method includes: receiving a first input value associated with a first data field; responsive to determining the first data field is associated with a delta operation, selecting a second input value associated with a corresponding second data field of a previously transmitted message; comparing the first input and second input values to determine if the first and second input values are equivalent; when the first and second input values are not equivalent, generating a message, wherein the first data field includes only data of the first input value not included in data of the second input value, and providing an operator symbol indicating the delta operation to specify that the first data field of the message includes only data of the first input value that is not included in data of the second input value associated with the second data field of the previously transmitted message. | 04-10-2014 |
20140101023 | METHOD AND DEVICE FOR PROVIDING STOCK INFORMATION - Provided are a method and device for providing stock information, the method, which is performed by a stock information providing device being linked with a stock exchange server via a communication network, including: (a) collecting stock quote data for respective securities issues in real time from the stock exchange server; (b) deriving an aggressive purchase quantity and an aggressive sale quantity for each dynamic bid and ask price unit according to a unit of time for the securities issues by using the stock quote data; and (c) displaying the stock trading data including information on the aggressive sale quantity and aggressive purchase quantity for each dynamic bid and ask price unit through a display device, thereby enabling a user to easily recognize short and long term support and resistance levels through dynamic bid and ask prices. | 04-10-2014 |
20140108215 | SYSTEM AND METHODS FOR TRADING - A system and methods for trading configured to permit an investor to transfer a request to a trading institution, the request including instructions to send a series of orders to a forum in which each subsequent order includes a parameter that changes relative to the other orders, generally moving from a start point towards an end point. The one or more changing parameters—termed dynamic parameters—are reconfigured automatically upon the occurrence of a reconfiguration event. | 04-17-2014 |
20140108216 | SINGLE-PERIOD AUCTIONS NETWORK DECENTRALIZED TRADING SYSTEM AND METHOD - A method and system serve for network dealing for conducting single-period auctions where there is one seller and at least one buyer, but typically multiple buyers. The method and system allow for posting of at least one or multiple items offered for sale on a network by a computer at the seller interconnected to other computers on the network. Bids are submitted by buyers for the items offered for sale with the seller requiring predetermined information about the buyer submitting bids before determining a selling price. The seller applies a selected set of criteria to strike out bids the seller does not wish to consider and applies a seller determined criteria to determine the price at which the seller is willing to sell the item(s). | 04-17-2014 |
20140108217 | System and Method for Displaying Risk Data in an Electronic Trading Environment - An example graphical interface and method for displaying risk related data are described. One example graphical interface includes a data structure comprising a plurality of data nodes and at least one risk data point associated with each node, and further comprises a display grid. The display grid includes one or more cells that are used for displaying selected data nodes and risk data points. Each cell may be associated with a single data node, and may include one or more identifiers corresponding to risk data points of the data node. In one example embodiment, the identifiers are aligned along a single axis, and risk related data corresponding to each identifier is aligned with respect to each corresponding identifier. | 04-17-2014 |
20140108218 | Method of buying or selling items and a user interface to facilitate the same - A method of buying or selling items having at least one market and its associated processes are disclosed. The method includes the steps of, under control of a client system, displaying information identifying at least one item and a bid and/or ask price for the item in the market; and specifying transaction conditions based on a user directed position of a moveable icon, where the transaction conditions are related to the buying or selling of the identified item in the active market. Then, in response to an action of the user sending a user transaction request at the transaction conditions displayed at the time of said action, facilitating financial transactions for the user in accordance with the transaction conditions to complete the transaction. In this manner, the item may be bought or sold by the user at the transaction conditions specified. A user interface to facilitate this method is also disclosed. A quantity recommendation system to facilitate the quantity decision of a financial transaction is further disclosed. | 04-17-2014 |
20140108219 | SYSTEM AND METHOD FOR APPORTIONING TRADING ORDERS BASED ON SIZE OF DISPLAYED QUANTITIES - An apparatus for processing trading orders comprises a memory and a processor. The memory stores a first order and a second order. The first order is associated with a product and comprises a displayed quantity and a reserved quantity. The second order is associated with the product and comprises a displayed quantity and a reserved quantity. The processor is coupled to the memory and receives a counterorder associated with the product. The processor fills the displayed quantity of the first order with a corresponding portion of the counterorder, and fills the displayed quantity of the second order with a corresponding portion of the counterorder. The processor allocates a first additional portion of the counterorder to the first order. The first additional portion is based at least in part on a ratio of the displayed quantity of the first order to a sum of the displayed quantity of the first order and the displayed quantity of the second order. | 04-17-2014 |
20140108220 | Swap Index - A financial instrument is provided with one or more indices underlying the financial instrument. Each index allows accurate tracking of interest rate swap (IRS) markets. The indices are calculated using real-time market data and synthetic purchasing and selling of synthetic interest rate swaps utilizing the market data. The value of the synthetic interest rate swaps are the basis for the value of a particular index. The purchasing and selling of the synthetic interest rate swap occurs at a frequency to minimize effects of shortening terms on the index. One subset of the IRS indices reflects a plain-vanilla swap for a specific term of years. Another subset of the IRS indices reflects a spread between two specific terms of years. A third subset of the IRS indices reflect two spreads, sometimes referred to as a butterfly, between a middle term of years and a shorter term of years and the same middle term of years and a longer term of years. | 04-17-2014 |
20140108221 | SYSTEM AND METHOD FOR OPTIMIZING ORDER PLACEMENT IN AN ORDER QUEUE IN AN ELECTRONIC TRADING ENVIRONMENT - Systems and methods for optimizing order placement in an electronic trading environment are provided. Global queue holder orders are placed in a tradeable object to reserve quantity for traders. Traders may submit order requests for quantity at price levels at which a global queue holder order is holding quantity. When a trader submits an order for a quantity at a price level at which quantity is being held, a gateway compares the order to the global queue holder order information stored in a database. If the trader's order coincides with a price level at which quantity is held, then the gateway virtually transfers ownership of that quantity to the trader, who then assumes the advantageous queue position. When the quantity associated with the order is filled, the fill information is sent to the gateway, which to the database to determine which trader is associated with the filled order quantity. | 04-17-2014 |
20140108222 | Rules engine having user activated rules of selectable scope and selectable outcomes - Orders for execution of securities transactions and requests for asset movement are screened by a rules engine and may be automatically approved. The rules engine has rules which are user configurable. The rules may be configured to provide different outcomes, to provide a user selectable scope of application and to provide user selectable parameters. A transaction is processed against the rule set applicable thereto in order of increasing scope of the rules. That is, rules applicable to the account level are processed before rules applicable to the registered representative, office or firm. Individual broker-dealer firms may each configure rules applicable to their own firms independently of rules applicable to any other firm serviced by the rules engine. | 04-17-2014 |
20140108223 | NOTARIZATION BASED ON CURRENCY TRANSACTIONS - In one example, a method includes generating a first digital code that represents a content of a document created by a first user; and notarizing the creation of the document by triggering a plurality of remittances from a first account associated with the first user to a second account, with each of the plurality of remittances time-stamped and a respective amount of each of the plurality of remittances indicating a corresponding portion of the first digital code. | 04-17-2014 |
20140108224 | Order Centric Tracking System And Protocol For Communications With Handheld Trading Units - A computerized method and system for tracking orders implemented on a trading floor exchange is disclosed. The system is order-centric and is configured to route orders to a booth and floor broker in accordance with a symbol associated with the particular security being traded. Floor brokers communicate with the trading system through handheld devices connected to a handheld server via a wireless interface. A specific protocol for messaging protocol for communications between the handheld devices and the handheld server is also disclosed. | 04-17-2014 |
20140108225 | Method and Apparatus for Message Flow and Transaction Queue Management - Management of transaction message flow utilizing a transaction message queue. The system and method are for use in financial transaction messaging systems. The system is designed to enable an administrator to monitor, distribute, control and receive alerts on the use and status of limited network and exchange resources. Users are grouped in a hierarchical manner, preferably including user level and group level, as well as possible additional levels such as account, tradable object, membership, and gateway levels. The message thresholds may be specified for each level to ensure that transmission of a given transaction does not exceed the number of messages permitted for the user, group, account, etc. | 04-17-2014 |
20140108226 | METHOD, APPARATUS AND INTERFACE FOR TRANSACTION TOGGLING - A method for submitting transactions from an automated trading tool to an electronic exchange. The method includes defining a proximity limit and automatically generating a transaction for a tradeable object. The method further includes applying the proximity limit to the transaction. When the transaction falls within the defined proximity limit, the transaction is submitted to the exchange. An apparatus and interface for transaction toggling based on proximity limits are also provided. | 04-17-2014 |
20140108227 | SYSTEMS AND METHODS FOR PRICE EVALUATION OF ARTICLES OF COMMERCE - The invention is directed to systems and methods for indicating volatility adjusted price information for at least one article of commerce or market therefore, and various tools for providing valuation indicators for both current and historical price activity in terms of valuation rather than absolute price. The invention provides users indicators which quantify the degree in which a market is currently trading at fair value, overvalued or undervalued conditions using enhanced tools. | 04-17-2014 |
20140108228 | Trading Order Validation System and Method and High-Performance Trading Data Interface - A post-trade monitor receives feedback in the form of drop copy messages from an exchange server and validates orders placed with the exchange server by a sponsored access trading platform shortly after the orders have been placed. If a recently placed order is found to violate a rule or regulation, the monitor instructs the trading platform to change to a more restrictive trading mode, such as to cease placing all orders or certain types of orders, at least until certain parameters are met. | 04-17-2014 |
20140108229 | SYSTEM AND METHODS FOR TRADING COMPLEX FINANCIAL PRODUCTS - A system for managing the formation of and transactions relating to a syndicated loan is described which provides an interface for all active and prospective participants of a syndicated loan to interact with the system an each other, thereby making the syndication process more efficient and dynamic. In addition, a trading functionality is incorporated and described herein that creates a market for trading syndicated loans and disseminating information about the loans to other participants in the market. | 04-17-2014 |
20140108230 | METHOD OF COMPUTERIZED MONITORING OF INVESTMENT TRADING AND ASSOCIATED SYSTEM - A method of computerized monitoring of investment trading includes providing historic trading data for a specific trader, selecting a plurality of trading parameters for the specific trader and obtaining current information regarding the selected parameters, and/or providing historic trading data and applying rules to the current information and/or historic trading data to determine if a rules violation has occurred. The system may be employed to monitor whether market timing of mutual fund investments has occurred. A corresponding computerized system is disclosed. | 04-17-2014 |
20140108231 | System and Method for Processing Securities Trading Instructions and Communicating Order Status via a Messaging Interface - A system allowing traders, etc. to use instant messaging (IM) (or other non-FIX based) communications to input trading instructions directly into a broker's Order Management System (OMS) for managing/executing trades. Accordingly, trading instructions may be provided electronically directly from a buy-side trader, and directly to a sell-side broker's/brokerage's OMS, without the need for the sell-side broker to manually re-key the order into the sell-side firm's OMS. Further, trading instructions are provided in electronic format directly to the broker's OMS without the need for the buy-side trader to have an expensive FIX based OMS or associated FIX connection, which is also expensive, thereby allowing relatively smaller investment houses/buy-side organizations to enjoy the benefits of electronic delivery of trading instructions directly to brokers' OMS. | 04-17-2014 |
20140114830 | Visual Depiction of Warnings and Errors - Methods, systems and computer-readable storage media disclosed herein provide visual depictions of warnings and errors. An example method includes detecting, using a computing device, a change in a design of a trading algorithm. The trading algorithm is defined by a user-specified arrangement of blocks representing trading functionality. The example method includes determining, using the computing device, whether the trading algorithm complies with a trading algorithm rule. The example method includes facilitating, using the computing device, at least one of warning handling or error handling when the trading algorithm does not comply with the trading algorithm rule. Facilitating warning handling or error handling includes displaying a warning or an error to the user in connection with the trading algorithm before the trading algorithm is available for execution. | 04-24-2014 |
20140114831 | System for Trading Electronic Traded Properties - A programmed computer for facilitating trades of electronic traded properties (ETP) including a memory and a processor executing program code stored in the memory. The program code includes code for receiving a number of shares and rentable building area for an ETP, code for generating an indifference factor for the ETP based on the number of shares and the rentable building area, code for receiving and displaying in real time a price expressed in price per share for the ETP, and code for generating and displaying in real time a price expressed in price per square foot based on the price expressed in price per share and the indifference factor. | 04-24-2014 |
20140114832 | MULTI-BROKERAGE ACCOUNT MANAGEMENT SYSTEM - A system for managing multi brokerage accounts that allows aggregation among the various accounts of holdings of one or more securities, timing and delivery of cash or securities, cash flow, profit and loss across the accounts, and post-fact tracking of trading strategies. The system accepts inputs and delivers updates based on assumptions of an implemented trading strategy across accounts. | 04-24-2014 |
20140114833 | Method to Reach Renewable Generation Policy Goals Through the Creation of a Renewable Generation Electricity Market - A method of securing capital for use in utility and municipal services facilities, comprising: issuing a bond, wherein the bond comprise a contract for the future sale of utility services at fixed criteria and the utility service is sold to the bond issuer over a fixed time period, the time period having a future start date and future end date for which the utility service is supplied; then selling the bond to an investor, wherein the bond issuer receives funds from the sale of the bond; and transferring the bond via a financial market exchange. | 04-24-2014 |
20140114834 | SYSTEMS AND METHODS FOR THE IDENTIFICATION AND MESSAGING OF TRADING PARTIES - According to some embodiments, systems, methods, computer program code, and means are provided to receive a broadcast request and a message from a first mobile device where the first mobile device is associated with a first user, compare information in the message to information in a preferences database to match the message with at least a first recipient of the message, and to transmit the message to a second mobile device associated with at least the first recipient. | 04-24-2014 |
20140114835 | SYSTEMS AND METHODS FOR PROVIDING ENHANCED VOLUME-WEIGHTED AVERAGE PRICE TRADING - Systems and methods for providing trading using an eVWAP price in an illiquid market are provided. In an illiquid market there may be little or no actual trades. During a trading period, the eVWAP price is therefore determined from not only trades, but also unmatched bids and offers. The eVWAP price is determined when new information becomes available or at a specified time interval. The final eVWAP price is determined when the sampling period ends. Once the final eVWAP price is determined, the value of the final eVWAP price is published for use as a price to settle a contract. | 04-24-2014 |
20140114836 | METHOD OF COMPUTERIZED MONITORING OF INVESTMENT TRADING AND ASSOCIATED SYSTEM - A method of computerized monitoring of investment trading includes providing historic trading data for a specific trader, selecting a plurality of trading parameters for the specific trader and obtaining current information regarding the selected parameters, and/or providing historic trading data and applying rules to the current information and/or historic trading data to determine if behavior of interest which may involve a rules violation, a departure from the rules which is not technically a violation or a potential departure from the rules which might make desirable further investigation has occurred. The system may be employed to monitor whether market timing of mutual fund investments has occurred. A corresponding computerized system is disclosed. | 04-24-2014 |
20140122313 | DYNAMIC USER INTERFACE FOR COORDINATING FUNCTIONALITY - A control apparatus comprising a first control interface generating a display containing a plurality of function types and receiving a first function type selection. A second control interface generating a display containing a plurality of parameters associated with the selected function type and receiving a parameter selection. A chart interface displaying historical data for a variable and receiving a first and second cursor selection from a user interface device control and generating chart location data associated with the first and second cursor selection. A function controller receiving the location data associated with the first cursor selection and executing a second related function if the chart location data associated with the first cursor selection is within allowable location data and executing the selected function after execution of the second related function if the chart location data is within allowable location data associated with the first selected function. | 05-01-2014 |
20140122314 | System and Method for Determining a Stable Quoting Quantity for use in a Trading Strategy - Identification of a stable quoting quantity is disclosed. An example method includes setting a quoting quantity for a trading strategy based on a distribution associated with a tradeable object of the trading strategy; defining a range having first and second boundaries based on the distribution; updating a first tracked value according to changes in the distribution; and changing the quoting quantity in response to the first tracked value falling outside the range. | 05-01-2014 |
20140122315 | ALERT INVESTIGATION SYSTEM - A rule based alert investigation system, which is able to identify anomalous trading behavior as satisfying a predetermined pattern of trading transactions and events on real time data feeds, filters out eligible trading transactions and events and retains the unique identifiers of the transactions and events for inclusion in one or more data sets associated with the predetermined pattern. The system generates an alert when the eligible transactions and events satisfy the predetermined pattern rules, and retains the eligible event and transaction identifiers in an alert data set along with the generated alert. The system utilizes the retained identifiers to retrieve the underlying actual transactions and events in their chronological order, which eliminates manually locating the transactions and events that triggered the alert. The system further provides commentary articulating the anomalous trading behavior along with the relationships between the eligible transactions and events contained in the alert data set. | 05-01-2014 |
20140122316 | CONCEPT VALUATION IN A TERM-BASED CONCEPT MARKET - The present invention provides methods and systems for allowing transactions in instruments relating to term-based concepts in a networked computer system. Concepts may be defined as a set of terms, such as words or phrases, that relate to a theme. The terms are useable in computerized searches. The set of terms may be determined manually, using a computer algorithm, or both. Concepts are valued, such as by a measure of advertising value. Instruments include concept futures as well as bets. Concept-based instruments can be used, for example, as hedging tools, speculating tools, market forecasting tools, or data generating tools. | 05-01-2014 |
20140122317 | Universal Interface To A Financial Trading System - A method and system for providing remote access to trade functionality at a financial service provider is disclosed. A messaging protocol is provided which allows a party remote from the provider to price and enter into transactions with the provider. The messaging protocol is well suited for use in stateless communication networks, such as the Internet, and requires only minimal support functionality at the remote site to implement, thus making the system easy to use by a wide variety of types of remote systems. | 05-01-2014 |
20140122318 | Conversational Dealing in an Anonymous Trading System - An anonymous trading system for financial instruments comprises a network of broking nodes each performing a bid and offer matching function and a market view distribution function. Trader terminals are connected to the network via trading agent nodes. During deal execution a credit check is performed and once the deal is complete the identity of the counterparty becomes known to the other counterparty to the deal. The originating counterparty may send a More quantity message to the other party proposing a further deal at the same price. The other party may decline, partially accept, accept or accept and propose a still further amount. Credit for the further deal is drawn from an external source and the internal credit limits are temporarily increased or disabled to prevent the deal from being rejected. | 05-01-2014 |
20140122319 | SYSTEM AND METHOD FOR FACILITATING TRADING OF MULTIPLE TRADEABLE OBJECTS IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for trading multiple tradeable objects. One example method includes displaying at least one combined quantity indicator representing a combined quantity associated with at least two tradeable objects, detecting an input associated with an order for a predetermined order quantity in relation to one of the combined quantity indicators, and allocating the order quantity between the at least two tradeable objects using at least one quantity allocation rule. In one example embodiment, a plurality of quantity allocation rules can be user-configurable, and different rules can be defined and applied in relation to different order types. | 05-01-2014 |
20140122320 | METHODS AND SYSTEMS FOR COORDINATED TRANSACTIONS IN DISTRIBUTED AND PARALLEL ENVIRONMENTS - Automated techniques are disclosed for minimizing communication between nodes in a system comprising multiple nodes for executing requests in which a request type is associated with a particular node. For example, a technique comprises the following steps. Information is maintained about frequencies of compound requests received and individual requests comprising the compound requests. For a plurality of request types which frequently occur in a compound request, the plurality of request types is associated to a same node. As another example, a technique for minimizing communication between nodes, in a system comprising multiple nodes for executing a plurality of applications, comprises the steps of maintaining information about an amount of communication between said applications, and using said information to place said applications on said nodes to minimize communication among said nodes. | 05-01-2014 |
20140129403 | SYSTEM AND METHOD TO CREATE AN INVESTMENT EXCHANGE BY REALLOCATION OF YIELDS OF FINANCIAL SECURITIES - An investment process transacted by means of an Investment Exchange that is powered by a proprietary reallocation algorithm that reallocates the cash flows on an issuer's private placement Investment Unit offering and works by internally re-generating, redistributing and rebalancing the various securities comprising the Investment Unit with a means of monetizing the income stream wherein the cash flows of the securities comprising the Investment Unit are reallocated, repackaged, matched and hedged in a cash-settled capital raising process to provide superior returns to primary and secondary investors and a relatively low amount of stock dilution and no stock price discount to existing shareholders of an issuer of equity securities. | 05-08-2014 |
20140129404 | Session-Based Electronic Trading - An electronic trading method, system, apparatus and platform that facilitate dealer to client trading of financial instruments in a session-based format. In one embodiment, the electronic trading system establishes a trading session for a given financial instrument at a predetermined date and time. The electronic trading system presents a two-sided market and provides a guarantee of a minimum liquidity for the trading session. The electronic trading system then executes client orders based on time of order entry and allocation of available liquidity. | 05-08-2014 |
20140129405 | Session-Based Electronic Trading And Order Handling - A session based electronic trading and order handling system and method include order handling protocols for processing and distributing order information. In one embodiment, the order handling system receives an order to trade in a financial instrument. The order handling system obtains an order handling rule for communicating certain order attributes to a party and applies the order handling rule to the order to communicate such attributes. | 05-08-2014 |
20140129406 | Session-Based Electronic Trading Providing Price Improvement - An electronic trading method and system to facilitate order execution at improved prices. In one embodiment, the electronic trading system includes a price improvement module that determines, from aggregated orders, total orders on each trade side. The price improvement module further determines whether an amount of two-sided order interest is at least a predefined amount, and if so, generates an indication to execute one or more of the orders at an improved bid price or an improved ask price. | 05-08-2014 |
20140129407 | Order Fulfillment Method And System - A method and system for filling orders based on time of order entry and liquidity allocation are disclosed. A trading system having an order fulfillment engine, receives orders to trade a financial instrument. Each order may specify an order size and a trade side. The system identifies a trade side with aggregate order size larger than that of an opposing trade side and determines a priority for executing orders on the identified trade side based on available liquidity and time of order entry. The one or more orders on the identified trade side are then executed according to the determined priority. | 05-08-2014 |
20140129408 | METHODS AND SYSTEMS FOR CREATING AND TRADING STRIPS OF FINANCIAL PRODUCTS - The present invention includes a method comprising receiving a first electronic BUY STRIP order; receiving a second electronic SELL STRIP order; matching the first STRIP order with the second STRIP order, wherein the first STRIP order is a contra order to the second STRIP order; executing the matched first and second STRIP orders; generating a first plurality of tradable component financial product trades based on the executed first STRIP order; generating a second plurality of tradable component financial product trades based on the executed second STRIP order; matching the first plurality of tradable component financial product trades with the second plurality of tradable component financial product trades, wherein the first plurality of tradable component financial product trades are contra trades to the second plurality of tradable component financial product trades; and executing the matched first and second plurality of tradable component financial product trades. | 05-08-2014 |
20140129409 | Financial System And Method Based On Absolute Returns - A financial instrument exchange, system and method based upon the intensity of an underlying index. The instrument having a predetermined formula for a settlement price based at least in part on the formula: | 05-08-2014 |
20140129410 | Order Entry Actions - Various embodiments disclosed herein relate to order entry. In the electronic trading process, order entry involves setting one or more order entry parameters, sending one or more order entry parameters, or both setting and sending one or more order entry parameters. As will be described in more detail below, various order entry actions, such as moving a cursor across an order entry line, moving a cursor into an order entry region, pressing an order entry button, or performing a gesture, may be used to trigger the setting, sending, or both setting and sending of one or more order entry parameters. At least some embodiments relate to enabling an order entry action before the order entry action is able to set, send, or both set and send one or more order entry parameters. | 05-08-2014 |
20140129411 | Electronic Collateral Management System and Method - A process for allocating specific assets from a pool of assets to secure a liability. Information concerning each of the assets in the pool of assets is received from at least two sources. A set of validation rules is applied to the information for each asset in the pool of assets and those assets which do not meet the validation rules are rejected. A price is assigned to each non-rejected asset. A subset of the non-rejected assets is allocated to the liability as a function to collateralize the liability. | 05-08-2014 |
20140129412 | SYSTEM, COMPUTER-IMPLEMENTED METHOD, AND NON-TRANSITORY, COMPUTER-READABLE MEDIUM TO DETERMINE RELATIVE MARKET VALUE OF A SALE GROUP OF LIVESTOCK BASED ON GENETIC MERIT AND OTHER NON-GENETIC FACTORS - Systems, computer-readable medium having computer program, and related computer implemented methods are provided to determine the relative market value of a sale group and to generate a genetic merit scorecard. Such systems, computer-readable medium having computer program, and related computer implemented methods utilize the genetic merit estimates of relatives of a sale group, along with associated economic weighting factors to determine the relative market value of the sale group. The genetic merit scorecard reflects the relative market value and ranking of the genetic merits of the sale group, as compared to the industry. | 05-08-2014 |
20140129413 | CLICK BASED TRADING WITH INTUITIVE GRID DISPLAY OF MARKET DEPTH - A method and system for reducing the time it takes for a trader to place a trade when electronically trading on an exchange, thus increasing the likelihood that the trader will have orders filled at desirable prices and quantities. The “Mercury” display and trading method of the present invention ensure fast and accurate execution of trades by displaying market depth on a vertical or horizontal plane, which fluctuates logically up or down, left or right across the plane as the market prices fluctuates. This allows the trader to trade quickly and efficiently. | 05-08-2014 |
20140129414 | Order Risk Management for Derivative Products - Systems and methods are provided for processing derivative product orders at an exchange. Traders provide derivative product order risk data to the exchange. The order risk data may include maximum delta, gamma and/or vega utilization values for derivative product contracts based on the same underlying product. Before executing a trade, a match system analyzes the trader's current utilization state and the utilization that would result after the trade. The match system may then execute all or a portion of the trade. | 05-08-2014 |
20140129415 | System and Method for Money Management in Electronic Trading Environment - A system and method for money management in an electronic trading environment are presented. According to one embodiment, a trader may configure a plurality of filters, each including at least one filter criteria and filter condition. When a money management module detects a new order, the money management module intercepts the order and determines if the order matches one or more predefined filters. If the order matches one or more filters then conditions associated with the applicable filter(s) are applied to the order. The application of one or more conditions to an order may result in sending a modified order, preventing the order from reaching the exchange, or sending order to the exchange without any modifications. | 05-08-2014 |
20140129416 | CROSS MARGINING OF TRI-PARTY REPO TRANSACTIONS - A computer implemented method for determining a margin requirement for a market participant includes maintaining, by a processor associated with an exchange, an exchange account reflecting an exchange position resulting from a trade executed on the exchange for a product available via the exchange, the exchange account being maintained separately from a custodian bank account associated with a custodian bank, the custodian bank account reflecting a repo position resulting from a repo transaction facilitated by the custodian bank between the market participant and a counterparty to the repo transaction. The method further includes receiving data reflective of the repo position via a communication interface between the exchange account and the custodian bank account, and determining the margin requirement for the market participant based on the received data and the exchange position. | 05-08-2014 |
20140129417 | SYSTEM AND METHOD FOR FUNDING COMPANIES - A system and method for funding investment seeking companies (ISCs), e.g., startup companies, by a funding company is disclosed. For each of the ISCs, in exchange for private equity therein, the funding company issues a corresponding publicly tradable class of its own stock substantially based on the performance of the ISC. The ISCs are categorized according to characteristics important to investors, e.g., type of technology, revenue, and products or services (to be) offered so that ISCs in a same category compete against one another for funding distributions from the funding company. In particular, income returns on the investments of proceeds from public sales of each class of stock are periodically distributed among competing ISCs according to, e.g., the share prices of their corresponding class of funding company stocks. | 05-08-2014 |
20140129418 | APPARATUSES, METHODS AND SYSTEMS FOR A DIGITAL CONVERSATION MANAGEMENT PLATFORM - The APPARATUSES, METHODS AND SYSTEMS FOR A DIGITAL CONVERSATION MANAGEMENT PLATFORM (“DCM-Platform”) transforms digital dialogue from consumers, client demands and, Internet search inputs via DCM-Platform components into tradable digital assets, and client needs based artificial intelligence campaign plan outputs. In one implementation, The DCM-Platform may capture and examine conversations between individuals and artificial intelligence conversation agents. These agents may be viewed as assets. One can measure the value and performance of these agents by assessing their performance and ability to generate revenue from prolonging conversations and/or ability to effect sales through conversations with individuals. | 05-08-2014 |
20140129419 | Electronic Trading System - An anonymous trading system comprises one or more matching engines, one or more market distributors and one or more trader terminals for input of orders from institutions trading on the system. The trader terminals are connected to the system through bank nodes. A broker terminal is connected through a bank node and enables voice brokers to trade on the system on behalf of client traders. The voice brokers terminal can be configured for any client trader and will display the market view for that trader. Trades in which the broker terminal participates are not concluded until a manual credit check has been performed. | 05-08-2014 |
20140136384 | Distributed Spreading Tools and Methods - Certain embodiments provide systems, methods, and apparatus for trading in a distributed server architecture. An example method includes receiving, by a computing device, a definition for a trading strategy, wherein the trading strategy includes a first tradeable object and a second tradeable object. The example method includes selecting, by the computing device, a first server to process one or more trade orders for the first tradeable object and a second server to process one or more trade orders for the second tradeable object. The example method includes sending, by the computing device, the definition for the trading strategy to the first server and the second server. | 05-15-2014 |
20140136385 | SYSTEM AND METHOD FOR CREATING A DOLLAR INDEX BASED ON GLOBAL FOREIGN EXCHANGE TURNOVER - A system and method for creating a dollar index are provided including selecting, from a survey on foreign exchange turnover, data for plural dollar/foreign currency pairs, creating a subset of data from the daily total daily averages of each currency pair and determining the percentage weighting of each currency pair by the total value of the subset, creation of a proportionally weighted dollar index by multiplying the determined weighting of each currency pair with a reported closing price of that currency pair to generate a coefficient for that currency pair and determination of a subsequent current value of the index by multiplying each generated coefficient with a current price for a currency pair. | 05-15-2014 |
20140136386 | TRADING WITH CONDITIONAL OFFERS FOR SEMIANONYMOUS PARTICIPANTS - According to one embodiment of the present invention, a method for generating conditional offers for semi-anonymous trading participants is provided. According to one embodiment of the present invention, a method, comprises associating a trading entity with an identifier; acquiring trade history information including a history of trading transactions associated with said identifier; and receiving an offer from a Liquidity Provider based on said trade history information, said offer being only made to the trading entity associated with one of said identifiers. | 05-15-2014 |
20140136387 | DEVICE, SYSTEM, AND METHOD OF GENERATING A CUSTOMIZED TRADE ARTICLE - Some embodiments include devices, systems and/or methods of generating a customized trade article. In one embodiment, a trade-article generator application is to receive trade information including a plurality of values of one or more trade-related parameters defining at least one trade with respect to at least one financial instrument, and to automatically generate a customized electronic trade article corresponding to the trade based on a predefined trade-article layout. Other embodiments are described and claimed. | 05-15-2014 |
20140136388 | IDENTIFICATION OF ACCOUNTS THAT ARE TOO PROFITABLE OR TOO LOSSY - An electronic surveillance system or method identifies potentially suspect trading activities by determining when day trading accounts are too consistently profitable or too consistently unprofitable (lossy). The electronic surveillance system examines specific futures commodities or other securities over a specified time period (e.g., daily). Accounts that are too consistently profitable or too consistently unprofitable are flagged by the system. In addition, the system may report when a trading account experiences statistically unusually large gains or losses per contract traded and gains or losses or a high percentage of time periods. The day to day profits or losses are displayed to a user in a graphical format that expresses the profit or loss trends intuitively before additional analysis of charts or numbers. The system may also perform the analysis for pairs of accounts where trades opposite to one another of the pair are unusually consistently profitable or unusually consistently lossy. | 05-15-2014 |
20140136389 | Calendar Spread Futures - A calendar spread futures contract is a forward contract on the intermonth spread of futures contracts. The calendar spread futures contract can be independently traded and accounted for independent of the traditional roll periods of the complementary futures contracts. An open interest holder can hedge against price volatility in the related futures contracts that may occur prior to or during the roll period. In other words, the calendar spread futures contract locks in the current spread between the front-month contract and the first-deferred contract. Buying a calendar spread futures control is equivalent to buying the spread difference between the expiring contract and the second expiry. Selling a calendar spread futures contract is equivalent to selling the spread difference between the expiring contract and the second expiry. | 05-15-2014 |
20140136390 | System and Method for Pre-Marshalling Messages in an Electronic Trading Environment - System and methods for pre-marshalling messages in an electronic trading environment are provided. Specifically, pre-marshalling messages allows for client and network devices to create messages in response to a defined first condition. Pre-marshalling messages allows a trading system to do more processing up front before the message is needed and when a second condition is satisfied. Thus, when the message is needed no further or very little processing must be performed to generate and send the message. The client and/or network device may allocate a separate, unused, or under-utilized processing thread to the task of creating pre-marshalled messages. Pre-marshalled messages may be stored in memory at the network device until it is determined that the second condition has been satisfied. Once a pre-marshalled message is sent, the unused pre-marshalled messages that were stored in memory may be deleted or may be overwritten with newly pre-marshalled messages. | 05-15-2014 |
20140136391 | Determination of Banding Start Price for Order Evaluation - A banding start price may be generated using one of multiple subroutines. Each of the subroutines may generate a banding start price using a different algorithm and may have different input data criteria. Each of those subroutines may be ranked based expected accuracy of a price output by the subroutine. The banding start price may be generated by the highest ranking subroutine for which there is input data satisfying relevant criteria. | 05-15-2014 |
20140136392 | Systems and Methods for Open Execution Auction Trading of Financial Instruments - In a computerized trading system, at least one passive order from a liquidity provider is placed on a book of orders. An order received from a liquidity consumer is held for a holding period. During the holding period the order from the liquidity consumer is checked and information relating to the received order from the liquidity consumer is sent to eligible ones of one or more liquidity providers. If, during the holding period, changes to the orders on the book of orders are made by the liquidity providers, those orders are modified on the book and the book of orders is revised. Upon expiration of the holding period, the order from the liquidity consumer is matched with orders that remain on the book after any revisions. | 05-15-2014 |
20140136393 | System for Supporting an Exchange Transaction - The present invention is a system for supporting an exchange transaction, in which users can complete exchange transactions between and/or among themselves. | 05-15-2014 |
20140136394 | PRE-HEDGE RULES AND TOOLS FOR CREATING PRE-HEDGE RULES - The disclosed embodiments provide pre-hedge rules and tools for creating pre-hedge rules. An example method includes receiving an indication that a first leg of a spread trade is at least partially filled; and in response to the indication and before an order associated with a second leg of the spread trade is placed, determining whether a condition defined in a rule is satisfied and, when the condition is satisfied, performing an action defined in the rule. | 05-15-2014 |
20140136395 | METHOD AND SYSTEM FOR AN INTERFACE BETWEEN FIXED INCOME ALTERNATIVE TRADING SYSTEMS - The present invention includes a rules-based system for matching and executing qualifying fixed income securities or corporate bonds between a system for matching retail trading orders (Retail Alternative Trading System or “Retail ATS”) and another system for matching institutional trading orders (Institutional Alternative Trading System, or “Institutional ATS”) to form a single combined system. | 05-15-2014 |
20140143110 | Circular Transaction Path Detection - Example systems and methods of circular transaction path detection are presented. In one example, a directed graph comprising nodes and directed edges interconnecting the nodes is generated. The directed graph is based on information describing a plurality of parties and a plurality of transactions between the parties. A circular path length of interest is received. Strongly connected components of the directed graph are identified. Within each of the strongly connected components, each circular path having a length equal to the circular path length of interest is discovered. For each discovered circular path, the transactions represented by the directed edges of the path are denoted as related transactions. | 05-22-2014 |
20140143111 | MANAGEMENT SYSTEM FOR ELECTRONIC TRADE OF FINANCIAL INSTRUMENTS - Systems of non-cash financial operations, such as the management systems for electronic trade of financial instruments are described. The suggested management system for electronic trade of financial instruments is a hardware and software complex that includes interrelated Manager Module and User Module, containing the means of processing and transmitting/receiving Trading orders and the means of effecting Trading transactions. Hardware and software complex of the system additionally includes the Module of generation and analysis of trading orders (hereinafter—GATO Module), connected to the Manager Module and the User Module, providing the opportunity to receive, analyze and adjust Trading orders, generated by the Manager Module, generates Trading orders and translate them to the User Module for respective Trade transactions on the User's Account. | 05-22-2014 |
20140143112 | SYSTEM AND METHOD FOR PROVIDING MARKET DATA IN AN ELECTRONIC TRADING ENVIRONMENT - A system and methods are developed for providing market data in an electronic trading environment. One example method includes determining a probability model comprising a probability corresponding to a change in relation to a market data parameter, then, using the probability to generate a compressed bit stream representing the market data parameter, and providing the compressed bit stream to the client terminal. | 05-22-2014 |
20140143113 | Cover-OCO For Legged Order - A position associated with a synthetic spread order may be managed where a status of a synthetic spread order is identified as legged. The synthetic spread order may have at least one child hedge order pending at an electronic exchange and in response, a bracket order is submitted to an electronic exchange for the tradeable object associated with a filled leg of the synthetic spread. In response to execution of the bracket order, the child hedge order may be cancelled. | 05-22-2014 |
20140143114 | SYSTEM AND METHOD THAT PROVIDE INCENTIVES TO QUALIFIED USERS OF AN ELECTRONIC TRADING SYSTEM - Systems and methods for electronic trading that provide incentives to users of a trading system. The systems and methods may monitor a trading activity of the user and determine that the orders submitted by the user over a period of time exceed a first pre-determined threshold. Systems and methods also determine that a spread of the plurality of orders exceeds a second pre-determined threshold. Based on these determinations, the user is designated as qualifying for a special status, which entitles the user to incentives in trading. Systems and methods apply the incentives to an order submitted by the user. One such incentive provides the user with a priority in a trading queue, where orders submitted by the user are executed in advance of other orders in the trading queue. | 05-22-2014 |
20140143115 | RECORDING MEDIUM, INDEX VALUE CALCULATION METHOD, AND INDEX VALUE CALCULATION APPARATUS - A system performs: acquiring historical data in which for each unit period, a high price and a low price of transaction price are related to a start time or an end time of a unit period; identifying the lowest price and the highest price of transaction price from the acquired historical data; acquiring a transaction price at predetermined time intervals; and based on the identified lowest price and highest price and the transaction price, calculating an index value indicating a trend in the transaction price. The system performs: at each time of acquiring the transaction price, based on the acquired transaction price and the identified lowest and highest prices, updating the lowest price or the highest price of transaction price; and based on the updated one of the lowest price and the highest price, the other one not updated, and the acquired transaction price, calculating the index value. | 05-22-2014 |
20140143116 | System and Method for Selectively Displaying Market Information Related to a Plurality of Tradeable Objects - A graphical interface and method are provided for selectively displaying market information corresponding to a plurality of tradeable objects. According to one example method, a scanning feature is provided in relation to a number of tradeable object indicators. Upon detecting a predefined movement of a user input device in relation to the plurality of indicators, a graphical interface dynamically displays market information corresponding to the tradeable objects as a predefined movement of the user input device is detected in relation to the tradeable object indicators. | 05-22-2014 |
20140143117 | Systems and Methods for Matching One or More Incoming Order to a Standing Order as a Function of an Inner Market Parameter - A method of order allocation is disclosed. The method includes receiving an incoming order, establishing an inner market representing a first portion of an order book which may be defined as a function of an inner market parameter, designating the first portion of the order book as a priority and allocating the first portion of the received incoming order based on the priority, establishing an outer market that represents a second portion of the order book that includes the remainder of the order book not represented by the inner market of the order book, assigning the received incoming order to one of the inner or outer markets as a function of the inner market parameter, allocating a first portion of the incoming order to the inner market utilizing a first-in, first-out (FIFO) algorithm, and allocating a second portion, in excess of the first portion, of the incoming order to the outer market using a pro-rata algorithm. | 05-22-2014 |
20140143118 | System and Method for Providing Market Updates in an Electronic Trading Environment - A system and method are provided for modifying how market updates are provided in an electronic trading environment upon detecting one or more triggering events. One example method includes defining an event to be used to trigger modification of how market updates are provided to a client entity, receiving a market update from an electronic exchange, and, when the event is detected, modifying how the market update is provided to the client entity. As an example, the modification of how the market update is provided to the client entity may include providing less data in relation to market updates, and sending the market updates less frequently. | 05-22-2014 |
20140143119 | System And Method For Optimizing The Frequency Of Market Information Updates In An Electronic Trading Environment - A system and method for optimizing the frequency of market information updates in an electronic trading environment are described herein. According to one example embodiment, by optimizing the frequency of market information updates, the burden on the client device to update the graphical user interface may be reduced, while still providing an accurate portrayal of the market to the user. An example method includes associating different precedence levels with messages comprising market information. Messages containing market information related to the inside market may be associated to a higher precedence level. Whereas messages containing market information relating to the quantities at prices outside the inside market may be associated with a lower precedence level. Based on the precedence level associated with a message, a client device may update the graphical user interface or the message may be stored in a data structure until a pre-defined condition is satisfied. | 05-22-2014 |
20140143120 | METHOD FOR ESTABLISHING INVESTMENT TRANSACTIONS USING SECOND SCREEN TECHNOLOGY AND A COMPUTER NETWORK SYSTEM EMPLOYING SAME - A method and a computer network system for establishing a transaction for transferring security shares in exchange of capital investment via the use of second screen technology is disclosed. The system synchronizes a plurality of client computing devices by periodically sending thereto a notification regarding a television program about a fund-seeking company currently in broadcast. An investment user registered with the system may use the client computing device to obtain further information regarding the fund-seeking company while watching the television program, and complete a transaction to acquire shares thereof. | 05-22-2014 |
20140143121 | System and Method for Programming a Trading System - A trading system includes a server co-located at a financial exchange, a programmable logic device, a logic programmer, a user account that is accessible over a network connection a code storage device that stores code associated with the user account to be programmed into the programmable logic device and a network connection between the programmable logic device and a financial exchange. A method of programming a trading system connected to a financial exchange includes transmitting code to a server, storing code on a server, compiling the code and at least one code library by synthesizing logic elements and mapping logic elements to logic elements in a programmable logic device, and programming a programmable logic device connected to a financial exchange. | 05-22-2014 |
20140143122 | Systems and Methods for Implementing a Confirmation Period - Systems and methods for implementing a confirmation period are disclosed. An example method includes identifying a market condition associated with a quantity of a tradeable object of a trading strategy, wherein the market condition triggers an adjustment to the trading strategy; initiating a confirmation period in response to the market condition; when a reevaluation of the market condition during the confirmation period indicates that the market condition has ceased, preventing the adjustment to the trading strategy; and when the market condition persists throughout the confirmation period, proceeding with the adjustment to the trading strategy. | 05-22-2014 |
20140143123 | DETECTION AND MITIGATION OF EFFECTS OF HIGH VELOCITY PRICE CHANGES - The disclosed embodiments relate to mechanisms to rapidly detect and respond to situations where a market is not operating in a fair and balanced manner or otherwise where the market value is not reflective of a true consensus of the value of the traded products among the market participants. In particular, the disclosed embodiments continually scan for, rapidly detect and respond to extreme changes, either up (“spike”) or down (“dip”) in the market, such as a “flash crash,” where a precipitous market move occurs. Generally, the disclosed embodiments determine when a market for a particular product moves too quickly in too short of period of time, e.g. the velocity of the market exceeds a defined threshold limit. | 05-22-2014 |
20140143124 | Equity Crowd Funding With Heterogeneous Investors - In some embodiments of the invention, a method operates an equity crowd funding system with different types of investors. The method includes registering a company with an equity crowd funding system. The method may also include registering a first investor with the equity crowd funding system. The method may also include registering a second investor with the equity crowd funding system. Each of the first and second investors is an unaccredited investor, an accredited investor, an institutional investor, a non-profit investor, or an entrepreneur. Further, the first and second investors are different types of investors. The method may also include sending offers for equity holdings in the company in exchange for funds to the first and second investors. | 05-22-2014 |
20140143125 | Automated Securities Trade Execution System And Method - An automated securities order execution system includes order entering means for a client to enter an order and at least one filtering means for determining whether the order can be automatically executed. Routing means are used for routing the order to a destination based upon the determination made by each of the filtering means. After the order has been properly routed, the order is executed and the result of the order execution is reported to the client. | 05-22-2014 |
20140149271 | System and Method for Graphically Displaying Market Related Data Using Fixed Size Bars - A system and method are provided for displaying market related data, such as traded volume at each price level, or any other trader-selected values, using one or more fixed size bars. In one preferred embodiment, a graphical display interface is provided and includes a plurality of fixed size bars that display traded volume at different price levels. In such an embodiment, the length of each bar may correspond to a predefined maximum value, and each bar may be progressively color-coded using a first graphical format to represent traded volume that is lower than the maximum value. If the traded volume exceeds the maximum value, the overflow value may be represented by progressively color-coding the bar using a second graphical format that may be used in relation to the first graphical format color-coding. | 05-29-2014 |
20140149272 | INTEROFFICE BANK OFFERED RATE FINANCIAL PRODUCT AND IMPLEMENTATION - The present invention is a system, method, and resultant financial for enabling a transparent estimation of an inter-bank offered interest rate which is dependent on market participant's estimations of current lending and borrowing rates. The improved functionality arises through inclusion of both estimated borrowing rates and estimated lending rates to determine a mean inter-bank offered rate. The process implements panel observers, and exception criteria, to preclude determinations biased by skewed estimates provided by panel members and or panel participants. The improved process and system of the present invention further allows implementation of creditworthiness adjustments to inter-bank offered rates based on the creditworthiness of the panel participants, as well as implementation of obligated transactions as a means for dissuading panel members and/or panel participants from submitting biased estimates. The improved mean inter-bank offered rate forms the foundation for financial products whose value is derived from the mean inter-bank offered rate. | 05-29-2014 |
20140149273 | Market Microstructure Data Method and Appliance - A system and apparatus generates trading algorithms as data feeds. These data feeds are derived from market data feeds from electronic trading platforms. Functions of invention include the generation of the feeds as market microstructure analytics, trading algorithm building blocks, market behavior and risk estimates that are synchronized with underlying market data feeds. The invention incorporates utilities for agent-driven simulation of multiple electronic markets, and real-time testing and calibration of trading strategies. By delivering critical market dynamics that have not been available so far to market participants, the invention is projected to cut the cost of designing, implementing, and validating trading strategies while also increasing trading performance significantly. The invention will have an equalizing effect on trading by enabling retail investors to remain competitive with high speed traders. This equalizing effect will complement many trading platforms' initiatives for attracting retail flow to enhance their trading volumes and liquidity quality. | 05-29-2014 |
20140149274 | METHODS AND APPARATUS FOR OPTIMIZING THE DISTRIBUTION OF TRADING EXECUTIONS - The present invention relates to electronic trading of securities. In some embodiments, the present invention relates to methods and apparatus for optimizing the distribution of trading executions in an investor's accounts. Pursuant to some embodiments, an integer allocation algorithm is provided. | 05-29-2014 |
20140149275 | METHOD AND APPARATUS FOR PRICE IMPROVEMENT, PARTICIPATION, AND INTERNALIZATION - A method for stock option trading includes receiving an option order at a market, contemporaneously receiving a copy of the option order at an electronic drop (EDrop) system, which is separate and distinct from the market, obtaining a potential cross quantity and a potential cross price based on the option order at the EDrop system, and submitting, through the EDrop system, a contra-order, with respect to the option order, to the market for fulfillment, wherein the contra-order specifies at least one of an underlying security potential cross quantity, and the potential cross price. | 05-29-2014 |
20140149276 | System and Method for Providing Electronic Price Feeds for Tradeable Objects - System and methods for a price feed generation are described. According to an example method described herein, upon receiving market information including a plurality of linear prices and order quantities, a reference price level is selected and a price feed message is generated to include the reference price level and the plurality of order quantities. The price feed message is then provided to client terminals. | 05-29-2014 |
20140149277 | MICROFINANCE FUNDS AGGREGATION FOR A RETAIL INVESTOR - A computer-implemented system and method supporting microfinance funds aggregation for a retail investor are disclosed. A particular example embodiment includes receiving a purchase request at a host site from an investor at an investor site, the purchase request including information identifying a security offered for sale by a security issuer on the host site; facilitating payment for the security by the investor via a financial site; receiving confirmation of payment for the security; and sending confirmation of payment for the security to the investor. | 05-29-2014 |
20140156485 | Method and Systems for Advanced Spread Price Calculation - Methods and systems for advanced spread price calculation are disclosed. An example method to calculate a spread price includes receiving a trading spread including a plurality of legs, wherein each leg of the plurality of legs is associated with a tradeable object. The example method includes facilitating a definition of a mathematic equation that describes a relationship between each of the plurality of legs based on at least two parameters relating the plurality of legs to the spread price. The example method includes calculating the spread price based on the defined mathematic equation. | 06-05-2014 |
20140156486 | SYSTEM AND METHOD FOR AUTOMATED TRADE REPLICATION TRADE BUNDLING AND DETACHMENT - A system and method for automated securities trading is provided. The system includes a lead trader account database, a follower account database, and a trade determination system. Trade information is received from a lead trader and a listing of followers for the lead trader is retrieved from the lead account database. For each follower, their account at the follower account database is accessed to confirm that they desire to participate in the lead trader's trade and that they have enough funds to do so. The lead trader and follower's traders are then grouped together and traded as a single trade. The traded shares are then provided to the lead trader and followers at the average price of the trade. | 06-05-2014 |
20140156487 | SYSTEM AND METHOD FOR AUTOMATED MOBILE ALERT-BASED TRADING MOBILE TRADE REPLICATION AND DETACHMENT - A system and method for automated securities trading is provided. The system includes a lead trader account database, a follower account database, and a trade determination system. Trade information is received from a lead trader and a listing of followers for the lead trader is retrieved from the lead account database. For each follower, their account at the follower account database is accessed to confirm that they desire to participate in the lead trader's trade and that they have enough funds to do so. The lead trader and follower's traders are then grouped together and traded as a single trade. The traded shares are then provided to the lead trader and followers at the average price of the trade. | 06-05-2014 |
20140156488 | METHOD AND APPARATUS FOR A FAIR EXCHANGE - A fair exchange is disclosed to reduce potential inequities in an electronic trading environment. Market data is sent from a host system to client devices through one or more synchronized local communication servers such that the data can be displayed simultaneously or nearly simultaneously at each client device. Market data sent to client devices might include price information. Likewise, a host system may transaction data sent from client devices via the local communication servers. The ordering of transaction data is based, at least in part, on when the local communication servers received the transaction data from the client devices. Transaction data sent to a host system might include order information. | 06-05-2014 |
20140156489 | SYSTEM AND METHOD FOR PREVENTING CROSS TRADING - Information regarding the current state in the market is used to prevent orders from crossing. In an example provided herein, when an order is entered into a market, information regarding current positions in the market is taken into account to determine whether the order will cross with other orders. If the orders would cross, appropriate action is taken to prevent the crossing of orders in a way suitable for the person or persons trading. The teachings described herein may be used for any reason to prevent orders from crossing. Moreover, they may be used in other areas of trading to assist the trader in obeying any other rule or regulation that might involve analyzing current positions in the market before taking action. | 06-05-2014 |
20140156490 | System and Method for Management and Analysis of Electronic Trade Orders - A system and methods are provided for using order descriptor identifiers in relation to orders being used in trading strategies. According to one example method, when a hedge order is submitted upon detecting a fill of another order, the hedge order includes one or more order descriptor identifiers conveying a purpose of the hedge order to a user. The order descriptor identifiers can be used to search for desired orders and perform more effective order management and post trade analysis. | 06-05-2014 |
20140156491 | Financial System And Method Based On Absolute Returns - A financial instrument exchange, system and method based upon the intensity of an underlying index. The instrument having a predetermined formula for a settlement price based at least in part on the formula: | 06-05-2014 |
20140156492 | SYSTEM AND METHOD FOR CONDUCTING AN EXCHANGE AUCTION - A method for conducting an exchange auction includes a computer receiving financial positions data defining long and short positions associated with a first financial instrument. The method further includes matching, by the computer, one of the short positions and one of the long positions and generating a first proposed trade including the matched positions. The method further includes generating, by the computer, a second proposed trade including a short position and long position associated with second financial instrument, such that a net notion of the first proposed is equal to a notional of the second propose trade. The method further includes executing the first and second proposed trades. | 06-05-2014 |
20140156493 | SYSTEM AND METHOD FOR PROCESSING A TRADE ORDER - A method for processing a trade order includes a computer receiving a market data for a financial asset, receiving pricing parameters and receiving proposed order quantity and price data. The method further includes constructing, by a computer, proposed trades based on the proposed order quantity and price data. The method further includes calculating, by a computer, a theoretical price for the financial asset based on the market data, pricing parameters as well as the proposed order price data. The method further includes comparing the constructed trades with the theoretical price. The method further includes displaying market data indicators relative to the theoretical price indicators based on the performed comparison. | 06-05-2014 |
20140156494 | SYSTEM AND METHOD FOR LINKING AND MANAGING LINKED ORDERS IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method for linking and managing linked orders are described. According to one method, a trader may first link two or more orders into a linked order, and then one or more parameters associated with one of the orders may be dynamically changed based on user inputs or information being received from an exchange. For example, a trader may link any two orders as an order cancel order, and each linked order may be associated with the same or different tradable objects, order quantities, and may be submitted to one or more exchanges. The order quantities may be then dynamically updated based on updates being received from the one or more exchanges and further based on a quantity ratio between the two orders. Further, the linked order may be submitted upon detecting a fill for another order. | 06-05-2014 |
20140156495 | Delta Neutral Futures Allocation - In an Exchange which assigns only a whole number/integer approximate of a computed number of futures contracts to a covered order for one or more option contracts, the disclosed embodiments relate to factoring a residual number of futures contracts, remaining after fulfillment of an incoming covered order counter to a resting covered order for a quantity of options contracts less than the resting quantity and approximation of the computed number of futures contracts assigned thereto, into the approximation of the computed number of futures contracts assigned to fulfillment of a subsequent order from the same trader counter to the same resting order for less than or equal to the remaining resting quantity of options contracts. This may have the effect of increasing or decreasing the number of futures contracts assigned to the subsequent order. | 06-05-2014 |
20140156496 | SYSTEM AND METHOD FOR PROCESSING A TRADE ORDER - Systems and apparatus for processing a trade order include a computer configured for receiving market data for a financial asset, receiving pricing parameters and receiving proposed order quantity and price data. The computer is further configured for constructing proposed trades based on the proposed order quantity and price data, and for calculating a theoretical price for the financial asset based on the market data, pricing parameters as well as the proposed order price data. In addition, the computer is configured for comparing the constructed trades with the theoretical price, and displaying market data indicators relative to the theoretical price indicators based on the comparison. | 06-05-2014 |
20140156497 | ALTERNATIVE VALUE EXCHANGE SYSTEMS AND METHODS - This disclosure describes, generally, methods and systems for exchanging alternative currencies. The method includes creating, at an alternative currency platform, a plurality of user accounts and receiving, from a first user in the plurality of user accounts, an alternative currency exchange offer. The alternative currency exchange offer includes one or more offer terms and associated assets. Furthermore, the method includes extending the alternative currency exchange offer from the first user to the second user, in response to receiving acceptance of the offer from the second user, verifying the associated assets of the first user and the second user, and in response to verification of the assets of the first user and second user, providing settlement of the alternative currency exchange offer. | 06-05-2014 |
20140156498 | System and Method for Hedging Risks in Commercial Leases - A system and method for hedging risks in commercial leases is disclosed. In one particular exemplary embodiment, a method for hedging risks in a commercial lease may comprise: receiving information related to a lease agreement between a lessor and a lessee, the lease agreement calling for the lessor to lease an asset to the lessee for a period of time in return for lease payments; estimating potential losses that the lessor will suffer if at least one credit event causes the lessee to default on the lease agreement; and providing the lessor a put option, whereby, upon the at least one credit event, the lessor can choose to sell a claim against the defaulting lessee at a strike price, the strike price being an amount that varies based at least in part on the estimated potential losses and the time at which the lessee defaults. | 06-05-2014 |
20140164201 | Price Alignment Interest in Collateralized Financial Instruments - A method for price alignment in a trade of a financial instrument between first and second market participants for whom first and second account records are maintained in a memory, respectively, and in which a mark-to-market loss is incurred and collateralized by the first market participant, includes determining, with a processor, an amount of an interest payment from the first market participant to the second market participant based on the mark-to-market loss, and accessing the memory to modify the first and second account records in accordance with the determined interest payment amount. | 06-12-2014 |
20140164202 | Distribution of Market Data Based on Price Level Transitions - A system and method for distributing market data in response to price level transitions is disclosed. The system and method provide a mechanism for detecting when a price level transition has occurred. Detection of a price level transition results in the distribution of market data and may include displaying the results. | 06-12-2014 |
20140164203 | METHOD AND SYSTEM FOR EVALUATING KEY PRICE LEVELS OF TRADABLE INSTRUMENTS - The present invention provides a method and system for evaluating key price levels, highlighted by the actions of professional money, for a tradable instrument in a financial marketplace, such as a commodity or security. The method provides a process for determining statistically meaningful surges in the mathematical product of price range and trading volume, and associating the statistically meaningful surges in the product with specific price levels. The system provides a process operating on a computer system, a commonly available trading platform or data processor, and software algorithms, operable in combination to graphically represent statistically meaningful surges in the combination of price range and trading volume. | 06-12-2014 |
20140164204 | Process for utilizing renewable electricity - This invention relates to a process for utilizing renewable electricity in a way which defines an absolute currency, facilitates investment in further renewable electricity generation & also is useful in protecting investors from the effects of inflation. | 06-12-2014 |
20140164205 | MARKET ACCESS SYSTEM AND METHOD - The present invention relates to a broker's market access system for use in processing orders for transmission to a market exchange. General purpose computing systems, with appropriate operating systems and application software typically implement broker's market access systems. In this invention, the market access system is implemented by dedicated hardware in the form of programmable logic devices, such as field programmable logic devices, for speeding processing of client orders. In an embodiment, the dedicated hardware comprises an architecture including order processing engines arranged to parallel process multiple client orders. | 06-12-2014 |
20140164206 | Differential Commission and Electronic Order Matching Process for the Distribution of Primary Market Fixed Income Securities - An apparatus and process (collectively the “system”) for conducting and managing the primary offering of fixed income securities, specifically, but not exclusively, fixed rate municipal bonds at different prices for like maturities over electronic networks, particularly, but not exclusively, the Internet, is disclosed. | 06-12-2014 |
20140164207 | Electronic Trading Platform and Method Thereof - An electronic trading platform performs trading of one or more types of financial instruments and includes at least one cloud providing at least one independent trading environment executed by a server. The at least one cloud includes a plurality of instances of an express interface application executed by the server and configured to receive interests in the financial instruments. The plurality of instances of the express interface application are configured to write the interests to a shared memory on the server. A matching engine, executed by the server, is configured to continuously poll the shared memory, read the interests written by the plurality of instances of the express interface application, analyze the read interests to determine if there is a matching contraside interest and allocate matching interests based on at least one allocation rule. | 06-12-2014 |
20140164208 | Systems and Methods for Testing a Financial Trading System - A method is provided for testing a trading system having a verification subsystem and trading environments. Each of the environments has a network interface, memory, and a matching engine executed by a processor. The method includes retrieving, by the verification subsystem, at least one defined use case. Each defined use case includes command lines. The method also includes parsing the command lines based on defined parsing rules to produce parsed command lines. Each parsed command line includes a verb specifying financial transactions. Each parsed command line also includes data fields. The method further includes mapping the verb and fields of each command line based on defined mapping relationships to generate a test case. The method also includes executing the test case to generate messages to be executed by the trading system. The method also includes reading parameters of the trading system for comparison to specified validation values. | 06-12-2014 |
20140164209 | Delta Neutral Futures Allocation - A method allocates quantities of an underlying financial product for a plurality of orders, each being for a quantity of a derivative financial product counter to a previously received order for the derivative financial product and characterized by a ratio of the quantity of the derivative financial product to a quantity of the underlying financial product, and includes receiving first and second orders for quantities of the derivative financial product, computing first and second quantities of the underlying financial product, based on the first and second orders to achieve the ratio, rounding the first quantity to determine a first whole number quantity, generating a composite quantity of the underlying financial product based on the first and second quantities, generating a rounded representation of the composite quantity, and determining a second whole number quantity of the underlying financial product based on the rounded representation and the first whole number quantity. | 06-12-2014 |
20140164210 | Method and System for Structured Settlement Auctions and Trading - The methods and systems are provided that provide an efficient, transparent and automated auction and trading exchange for structured settlements and other structured cash flows. The automated auction and trading system automatically determines and processes structured settlement and cash flow sales between buyers and sellers. The system may process the entire transaction automatically and electronically, including document processing and receipt and transmission of funds. | 06-12-2014 |
20140164211 | MANAGEMENT OF BUSINESS PROCESSES - First business process data obtained from a first trading participant includes a set of transaction messages having a first data format in accordance with a first protocol for conducting business transactions used by the first trading participant. A virtual trading participant receives fictitious business process data from the first trading participant and acknowledging the fictitious business process data and replying to the first trading participant that the fictitious business process data has been acknowledged. Operational characteristics and a connectivity of a currently trading participant connected to a process management platform accessible via an interconnection fabric are tested, by utilizing the virtual trading participant to determine if the data defining individual business processes is in a uniform format understood by a process management platform. The virtual trading participant is utilized to ensure compatibility with an identified version of the uniform format. | 06-12-2014 |
20140164212 | SYSTEM AND METHOD FOR LINKING AND MANAGING LINKED ORDERS IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method for linking and managing linked orders are described. According to one method, a trader may first link two or more orders into a linked order, and then one or more parameters associated with one of the orders may be dynamically changed based on user inputs or information being received from an exchange. For example, a trader may link any two orders as an order cancel order, and each linked order may be associated with the same or different tradable objects, order quantities, and may be submitted to one or more exchanges. The order quantities may be then dynamically updated based on updates being received from the one or more exchanges and further based on a quantity ratio between the two orders. Further, the linked order may be submitted upon detecting a fill for another order. | 06-12-2014 |
20140164213 | SYSTEM AND METHOD FOR MANAGING RISK ASSOCIATED WITH PRODUCT TRANSACTIONS - A method of managing trading orders is provided. The method includes receiving a request to place a first order to trade a first product, the request being made using an account having one or more current balances. The method further includes determining a risk value for the first order based at least in part on the first product. The method further includes determining whether to approve the first order based at least in part on the risk value determined for the first order and one or more of the current balances for the account, and if the first order is approved, placing the first order. | 06-12-2014 |
20140164214 | SYSTEM FOR IDENTIFYING AND DISPLAYING EFFECTIVE SUPPORT AND RESISTANCE PRICE LEVELS FOR SECURITIES AND COMMODITIES AND METHODS OF USE - The disclosure is directed generally to a system used to generate and display useful support and resistance levels, as derived from a given price of a security or commodity. The system incorporates a methodology to derive and display key price values, in actual currency units such as dollars and cents, to serve as support and resistance levels for the benefit of a user who in turn can better make buy and sell decisions for targeted securities and/or commodities. | 06-12-2014 |
20140164215 | High Speed Processing of Financial Information Using FPGA Devices - A high speed apparatus and method for processing a plurality of financial market data messages are disclosed. With respect to an exemplary embodiment, a reconfigurable logic device is employed to map the symbols present in the financial market data messages to another symbology. | 06-12-2014 |
20140172662 | Methods and Systems to Prevent Adverse Exchange Limit Effects - Methods and systems to prevent adverse exchange limit effects are disclosed. An example method of message management includes tracking, at a gateway, a transaction count of trade messages communicated to an exchange via an exchange link. The example method includes defining a first transaction limit based on the transaction count, and calculating a second transaction limit as a function of the first transaction limit, wherein the second transaction limit is to correspond to a reserve capacity associated with the exchange link. The example method includes assigning a message priority to each of a plurality of trade messages to communicate to the exchange. The example method includes communicating trade messages of the plurality of trade messages having a first message priority to the exchange when the transaction count is greater than the second transaction limit, and delaying or rejecting trade messages of the plurality of trade messages having a second message priority. | 06-19-2014 |
20140172663 | COMPUTER-IMPLEMENTED SYSTEM AND METHOD FOR CLEARING A DERIVATIVE TRADE INVOLVING MULTIPLE TRADING EXCHANGES - A derivative trade order at a home marketplace is routed to an away market place having a better price for a counter position to the order where it is executed. The executed order triggers creation of a “balance derivative trade” at the home marketplace to balance at a home clearing house the away trade. The home clearing house uses the balance derivative trade to create derivative positions of the balance derivative trade and informs a balancing clearing entity which manages the balance derivative trade obligations. The balance derivative trade order account permits netting and reduced margin benefits for the trading participant. A dual derivative exercise operation allows balance derivative positions to be performed in one day to reduce overnight risk for the clearing entity. | 06-19-2014 |
20140172664 | Processing of Exercised Options - A computer system may receive exercise instruction data for an option. The exercise instruction data may indicate exercise of an option on which optionor and optionee interests are based. The computer system may access stored option data. The option data may identify multiple optionor interests based on options of the same type as the exercised option. The computer system may select one of the optionor interests. The selecting may be performed in response to the exercise instruction data and without regard to whether the selected optionor interest is based on the exercised option. The computer system may transmit, to a computer system associated with a holder of the selected optionor interest, assignment data indicating assignment of an interest in an optioned contract created as a result of the option exercise. | 06-19-2014 |
20140172665 | SYSTEM AND METHOD FOR AGGRESSIVELY TRADING A STRATEGY IN AN ELECTRONIC TRADING ENVIRONMENT - System and method for aggressively trading a spread trading strategy in an electronic environment are provided herein. According to the example embodiments, a trader may configure the automated trading tool to trade as aggressively as possible by leaning on a price without an associated quantity. This allows a trader to possibly obtain a more profitable price as well as get filled faster. Traders submit an order for a spread and the automated trading tool calculates the quote order price based on a defined level of aggressiveness, the leaned on price, and the desired spread price. Based on the level of defined aggressiveness and the gap in the market, the automated trading tool may lean on a mildly, moderately, or extremely aggressive price. | 06-19-2014 |
20140172666 | System and Method for Providing a Linear Spread - A system and method for providing a linear spread in an electronic trading environment are described. According to one example embodiment, a trading system can receive market information associated to a trading strategy, known as a spread. The trader may also define a market volatility parameter to utilize in the calculation of a linear spread price axis. The received market information and a divide spread algorithm are also used to determine the linear spread price axis. The trading application determines a linear spread price axis, at which price levels are separated by consistent linear tick increments. The linear spread price axis allows for more efficient and effective trading in the electronic trading environment especially when certain tradeable objects are traded or when certain spread algorithms, like the divide spread algorithm, are utilized. | 06-19-2014 |
20140172667 | Method And Apparatus For Reference Data Scrubbing - A system, medium storing processor-executable process steps, method and apparatus for supporting a derivative transaction, the method including receiving data identifying a reference entity participating in the derivative transaction; receiving data identifying at least a first reference obligation associated with the derivative transaction; identifying a contractual relationship between the reference entity and the at least first reference obligation; and generating a data record associated with the derivative transaction, the data record including the data identifying said reference entity, the data identifying the at least first reference obligation, and data identifying said contractual relationship, wherein the data record is verified as accurate as of an issue date of the derivative transaction. | 06-19-2014 |
20140172668 | SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT FOR PERFORMING AN ACTION IN RESPONSE TO AN EVENT - In accordance with embodiments, there are provided mechanisms and methods for performing an action in response to an event. These mechanisms and methods for performing an action in response to an event can enable enhanced system and user efficiency, improved customer experience and satisfaction, decreased cost, etc. | 06-19-2014 |
20140172669 | Multi-Variable, Multi-Party Auction and Process to Prop-up Underwater Mortgages and Stabilize/Restore Market Values - A multi-variable/multi-party mediation by a program administrator coordinates homeowners, mortgage holders, and investors to refinance homes with underwater mortgages, being initiated by homeowner/mortgage holder registration with the administrator. Registration triggers invitations to the homeowner(s), the mortgage holder(s), and one or more investors, for the refinancing program. Refinancing includes requesting a new total loan amount equaling/exceeding current fair market values, and/or matching interest rate requests by investors, with homeowner monthly payment requests. Program completion requires homeowner, mortgage holder(s), and investor(s) acceptance, resulting in mutual rescission of original loan agreement(s), creating Time-Out Mortgages, and Home Certificates—a hybrid security being a combination promissory note and agreement for sharing a Deferred Recapture Amount (DRA), being a difference between the new principal loan amount and total prior home lien amounts. DRA amounts may vary after closing according to one of several schemes, incentivizing agreement, which drives up housing prices while reducing risk of foreclosure. | 06-19-2014 |
20140172670 | DEVICE, METHOD AND SYSTEM OF PRICING FINANCIAL INSTRUMENTS - Some demonstrative embodiments include methods, devices and systems of pricing financial instruments. In one embodiment, a pricing module may be configured to receive first input data corresponding to at least one parameter defining a first option on an underlying asset and second input data corresponding to at least one current market condition relating to said underlying asset, and, based on said first and second input data, to determine a price of the first option according to a volatility smile satisfying a first criterion relating to a sum of a first correction corresponding to the first option and a second correction corresponding to a second option representing a position opposite to a position of a the first option and having substantially a same absolute delta value as the first option, wherein the first correction relates to a difference between a theoretical price of the first option and the price of the first option according to the volatility smile, and wherein the second correction relates to a difference between a theoretical price of the second option and the price of the second option according to the volatility smile. Other embodiments are described and claimed. | 06-19-2014 |
20140172671 | SYSTEM AND METHOD FOR IDENTIFICATION OF QUASI-FUNGIBLE GOODS AND SERVICES, AND FINANCIAL INSTRUMENTS BASED THEREON - A machine for determining and creating underlying instruments for products and managing inventory, including a system and method including selecting a reference item, selecting a specification of the reference item, evaluating the specification against alternatives to the reference item, determining interchangeability between the reference item and alternatives based on evaluating of the specification in relation to alternatives, where determining of interchangeability is based on or includes determining at least one of quasi-fungibility and quasi-anti-fungibility. The machine and the said system and method further includes forming at least one set based on the determined interchangeability and determining or creating a product or managing an inventory based on or including at least one of the set and at least one member of the set. The machine can determine tangible and intangible products and inventories, including manufactured products, financial instruments, and events and outcomes. | 06-19-2014 |
20140172672 | SYSTEM AND METHOD OF A PLATFORM FOR CROSSING BONDS - This disclosure provides a unique process for firms wishing to cross bonds internally, from one customer account to another. This process allows the selling firm to list the bonds for sale on the bond auction platform and simultaneously to bid on the listed bonds. In doing so, the seller must also have a willingness to sell the bonds away to any firm that outbids the crossing price. By bidding on the seller's own bonds, and then exposing that bid on the platform, the selling firm is able to expose the bid (the cross price) to the market and thereby receive market validation of the price. If another firm chooses to out-bid the seller's bid, the bonds will trade away to the other firm. | 06-19-2014 |
20140172673 | AGGREGATED TRADING SYSTEM - A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions. | 06-19-2014 |
20140172674 | SYSTEM AND METHOD FOR ACTIVITY BASED MARGINING - A system and method for factoring in a trader's trading activity into the margin requirements is disclosed. In the securities arena, day traders are assessed different margins than non-day-traders, however, the specific profile of the trader is analyzed (that is, the same rule applies to all day traders). | 06-19-2014 |
20140172675 | SYSTEM AND METHOD FOR SIMULATING AN ELECTRONIC TRADING ENVIRONMENT - Market data is recorded from a real live exchange. The recording data can be played back in real time or delayed, in any manner, to simulate the recorded market. Moreover, one or more users can participate in the simulated market just as if they were participating in a real-live market. The system provides a realistic trading environment without the associated risks of trading in a live-market such as losing money and the cost of making trades. The system may be used for training purposes and for purposes of testing and analyzing various trading strategies. Software developers and testers may also utilize the realistic environment to develop trading products or applications. Additionally, the system provides a means for demonstrating trading application products. | 06-19-2014 |
20140172676 | DERIVATIVES ON COMPENSATION-RELATED RESTRICTED SECURITIES - Futures contracts on options contracts are provided in which the duty to purchase the right to purchase a commodity or security may be agreed upon by two or more parties. The futures contract segment of the exchange device is the duty to purchase the underlying options contract at a specific time. The options contract segment of the exchange device is the right to buy an underlying security or commodity. Margin schemes may be included in either segment of the exchange device or the exchange device as a whole. | 06-19-2014 |
20140180889 | Systems and Methods for Routing Trade Orders Based on Exchange Latency - Systems and methods for routing trade orders based on exchange latency are disclosed. An example method includes measuring a first latency associated with a first exchange based on a processing time of a first trade order; and routing a second trade order from a trading device to one of the first and a second exchange based on the first latency. | 06-26-2014 |
20140180890 | Speed Adjustable and Reversible Tool for Slicer Orders - The disclosure generally relates to a speed adjustable and reversible tool for slicer orders. In an example, a user command is received to adjust one or more parameters of a slicer order that has been submitted for trading or otherwise includes one or more child order to be submitted for trading. A user input device, or controller may be used to receive the command, such as by sliding one or more sliders along a range to affect adjustment of one or more corresponding parameters of the slicer order and/or child orders. | 06-26-2014 |
20140180891 | Systems and Methods to Offload Risk P&L Calculations - Certain embodiments provide systems and methods to offload one or more components of risk checking for an order. An example method includes receiving, at a trading strategy engine, an order for a quantity of a tradeable object outbound to an exchange. The example method includes receiving, at the trading strategy engine, computed profit and loss data and margin data for a user associated with the order, the profit and loss data and margin data computed at a gateway external to the strategy engine. The example method includes evaluating whether the quantity associated with the order is greater than an order quantity limit. The example method includes computing a credit check with respect to the user and the order based on the profit and loss data and the margin data. The example method includes determining a risk associated with the order based on evaluating the quantity of the order and the credit check. | 06-26-2014 |
20140180892 | Mitigating Communication Risks in an Electronic Trading System - Certain embodiments provide methods to mitigate communication risks in an electronic trading system. An example method including monitoring a communication link established between a mobile trading device and a gateway. The gateway is to provide access to one or more markets at an exchange. The example method also includes determining a communication state related to the communication link and comparing the communication state to a communication risk threshold. The communication state reflects an ability of the mobile trading device to communicate with the exchange. If the communication state falls below the communication risk threshold, a risk mitigation action stored at the gateway is initiated. | 06-26-2014 |
20140180893 | Methods and Systems For Generating A Mid-Point Periodic Mark Pool Tradeable Index - A computerized method provides periodic mark trading of financial instruments on a computerized trading system having one or more server computers. The method comprises at least one of the server computers: receiving a communication from a customer computer on a trading date, the communication including at least one periodic mark limit order, including at least an amount and an indication of a mark time at which a price will be determined for the at least one periodic mark limit order, and placing the received at least one periodic mark limit order in a periodic mark pool; calculating a periodic mark price from non-periodic mark orders on the book of an FX ECN; matching the received periodic mark limit order with a compatible other periodic mark limit order in the periodic mark pool; after the mark time, executing the matched received periodic mark limit order at the calculated periodic mark price. | 06-26-2014 |
20140180894 | SYSTEM AND METHOD FOR DYNAMICALLY CHANGING AN ELECTRONIC TRADE ORDER QUANTITY - A system and methods for dynamically changing a trade order quantity in an electronic trading environment are described herein. According to one example embodiment, an automated trading tool determines if a leaned on quantity of a trading strategy has increased or decreased and if so, dynamically changing a desired order quantity to reflect the change in the leaned on quantity. Dynamically changing an order quantity may be more profitable for a trader as order queue position may be maintained and portion of the desired order quantity may get filled; rather than a trader losing their order queue position and/or taking a chance of not getting any of their order quantity filled. | 06-26-2014 |
20140180895 | SYSTEM AND METHOD FOR AUTOMATICALLY DISTRIBUTING A TRADING ORDER OVER A RANGE OF PRICES - According to one embodiment, a method of managing trading is provided. A trading order intended for a trading exchange is received from a trader, the trading order having an associated trading order price. A group of distributed trading orders is automatically generated based at least on the trading order price and a set of pre-configured distribution parameters associated with the trading order. The group of distributed trading orders is distributed over a multiple price levels. The generated group of distributed trading orders is automatically submitted to the trading exchange. | 06-26-2014 |
20140180896 | SYSTEM FOR IMPLEMENTING A CENTRAL BANK CURRENCY TRADING RIGHTS MANAGEMENT PROCESS OVER A DISTRIBUTED COMMUNICATIONS NETWORK DEPLOYED IN A FINANCIAL MARKETPLACE - A computer-network implemented system recognizes that a central bank retains the right to lend a currency or the currency trading ownership right prior to the issuance/sale of a currency, or to restructure its currency to recapture and withhold the right to lend or trade its currency. The system allows currency borrowers/purchasers to request the right to lease or purchase the non-borrowable currency from the central bank, according to prices and time periods set by the central bank. The currency borrowers/short-sellers or purchasers can acquire the right to lend or trade the non-borrowable currency so as to purchase the non-purchasable currency from the central bank. Thereafter, currency borrowers/short-sellers and currency purchasers can sell the non-borrowable currency short or purchase the non-purchasable currency in the marketplace and profit from a short sale of the currency or from owning the currency, without adversely effecting the central bank's, or its country's economy. | 06-26-2014 |
20140180897 | SYSTEMS AND METHODS FOR MULTI-CURRENCY TRADING - A multi-currency interface: programmed or configured for limit orders in a customer currency for financial instruments traded in an exchange traded currency. A multi-currency interface programmed or configured for facilitating purchases of goods or services from an online merchant in multiple currencies. | 06-26-2014 |
20140180898 | CLICK BASED TRADING WITH MARKET DEPTH DISPLAY - A method and system for reducing the time it takes for a trader to place a trade when electronically trading commodities on an exchange, thus increasing the likelihood that the trader will have orders filled at desirable prices and quantities. Click based trading, as described herein and specifically the “Click” and “Dime” methods of the present invention, enables a trader to execute single mouse click trades for large volumes of commodities at a price within a pre-specified range. | 06-26-2014 |
20140180899 | TRADER PORTAL SYSTEM AND METHOD - Embodiments of the invention are directed to a computer-implemented trader portal system and method for use within a trading organization supporting multiple traders. The trader portal system integrates available trader related resources from multiple sources for trader viewing and utilization. The trader portal system may include administrative controls for allowing administrative configuration of the trader related resources visible to the multiple traders within the trading organization. The trader portal system may further include a source collection engine for collecting the trader-related resources from the multiple sources and a source integration engine for integrating the collected trader related resources with the trader portal system in accordance with the administrative configuration. The trader portal system may further include multiple modules accessible to the traders through a user interface, each of the multiple modules displaying at least one of the collected trader related resources as determined by the source integration engine. | 06-26-2014 |
20140180900 | SYSTEM AND METHOD FOR TRADING MULTIPLE TRADEABLE OBJECTS USING A SINGLE TRADING INTERFACE - A system and method are provided for displaying information related to a plurality of tradeable objects using a single graphical interface. One example graphical interface includes at least two screen regions displayed in relation to each other, with each region including a plurality of locations. Each location in the first screen region corresponds to a value along a first value axis, and each location in the second screen region corresponds to a value along a second value axis. The graphical interface also includes a first indicator in the first region and a second indicator in the second region. In response to a repositioning command based on an algorithm, the graphical interface includes a repositioned first value axis and the second value axis, such that the indicators are displayed in new locations determined based on the algorithm. | 06-26-2014 |
20140180901 | System and Method for Creating Trade-Related Annotations in an Electronic Trading Environment - A client terminal displays a trading screen interface and an annotation interface in relation to the trading screen interface. The annotation interface allows a trader to enter trade-related annotations in a quick and efficient manner or flag a predetermined time and input annotations to be associated with the flagged time a later time, while the trading screen interface allows the trader to make trades at the most favorable prices and in a speedy manner. The annotation interface may alternatively not be displayed and allow for audio input. | 06-26-2014 |
20140180902 | SYSTEM AND METHOD FOR PRIORITIZED AUTOMATED TRADING IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for prioritized automated trading. One example method may include receiving a plurality of parameters, where each parameter has an order-related action associated with a trading strategy, and then detecting one or more events that trigger a plurality of order related actions. The method then includes determining priority levels in relation to a plurality of triggered order-related actions using at least one priority rule, and processing the plurality of triggered order-related action in an order associated with the determined priority levels. | 06-26-2014 |
20140180903 | Offload Processing of Data Packets - Various techniques are disclosed for offloading the processing of data packets. For example, incoming data packets can be processed through an offload processor to generate a new stream of outgoing data packets that organize data from the data packets in a manner different than the incoming data packets. Furthermore, in an exemplary embodiment, the offloaded processing can be resident in an intelligent switch, such as an intelligent switch upstream or downstream from an electronic trading platform. | 06-26-2014 |
20140180904 | Offload Processing of Data Packets Containing Financial Market Data - Various techniques are disclosed for offloading the processing of data packets. For example, incoming data packets can be processed through an offload processor to generate a new stream of outgoing data packets that organize data from the data packets in a manner different than the incoming data packets. Furthermore, in an exemplary embodiment, the offloaded processing can be resident in an intelligent switch, such as an intelligent switch upstream or downstream from an electronic trading platform. | 06-26-2014 |
20140180905 | Intelligent Switch for Processing Financial Market Data - Various techniques are disclosed for offloading the processing of data packets. For example, incoming data packets can be processed through an offload processor to generate a new stream of outgoing data packets that organize data from the data packets in a manner different than the incoming data packets. Furthermore, in an exemplary embodiment, the offloaded processing can be resident in an intelligent switch, such as an intelligent switch upstream or downstream from an electronic trading platform. | 06-26-2014 |
20140188681 | METHOD AND A SYSTEM FOR INTERACTING AND TRADING AMONG USERS OF ONLINE SOCIAL COMMERCIAL NETWORK - The embodiments herein generally relates to a method for interacting and trading among users of an online social commercial network. A user registers with a web portal and joins to a preferred group of users with a similar interest. The user completes the profile and adds an asset in the web portal. The asset includes an intellectual asset and a product. The user trades the assets with one or more users from a preferred interest. The asset is transacted in terms of a currency. The currency is stored in an online account. The online account is an online user account for keeping transaction related information. The user provides scores to the traded assets and a trading subscriber within the group. The web portal secures the user information in the web portal. | 07-03-2014 |
20140188682 | User Definable Prioritization of Market Information - Methods and systems for user definable prioritization of market information are disclosed. An example method to prioritize market information displayed in a window within a trading interface includes updating the market information displayed in the window at a first frequency, wherein the first frequency is to correspond to a first window priority. The example method also includes, based on a trigger activation, assigning a second window priority to the window, wherein the second window priority is to cause the market information displayed in the window to update at a second frequency, the second frequency different from the first frequency. | 07-03-2014 |
20140188683 | SYSTEMS AND METHODS FOR IMPLEMENTING TRADING AND GLOBAL MATCHING BASED ON BROKER SUGGESTED PRICES - Systems and methods for implementing trading and matching are provided. A system includes a database configured to store financial instrument information and a memory configured to store execution instructions. A processor executes the instructions. The processor may initiate a trading session. The processor may receive instructions. The instructions may include either a buy or sell position and a price. The buy or sell position may not be for display to other broker clients. In response to a trade command from one of a plurality of other broker clients, the instructions may require sending an electronic notification to the first broker client that one of the plurality of broker clients has submitted a counter order that is capable of executing a trade with the first broker's buy or sell position. | 07-03-2014 |
20140188684 | Globally Optimum Trading Positions for Multi-Asset Options - A trading position evaluation system for evaluating trading positions that are globally optimum for a path-independent multi-asset European Contingent Claim (ECC) includes an option price determination module configured to determine a current option price matrix, a shifted option price matrix, and a normalized conditional variance matrix associated with underlying assets of the ECC at a trading time instance amongst a plurality of trading time instances obtained from a trader, based on ECC data and market data. Based on the current option price matrix, the shifted option price matrix, and the normalized conditional variance matrix, a position evaluation module evaluates a trading position in each of the underlying assets at the trading time instance that minimizes global variance of profit and loss to the trader. | 07-03-2014 |
20140188685 | ELECTRONIC COMPLETION OF CASH VERSUS FUTURES BASIS TRADES - An electronic trading system is described herein. More specifically, the electronic trading system may relate to the substantially simultaneous trading of cash instruments and their related futures contracts for interest-rate related instruments. The electronic trading system may also be used to allow a user (such as a market maker or other suitable participant) to gauge his chance of success at completing both sides of a basis trade within a preferably pre-determined or pre-set interval, while knowing in advance the specific weighting algorithm that will be applied to the basis trade. The electronic trading system may also be used to allow a user to predetermine the exact weighting algorithm to be used on such a basis trade, and to adjust those preferences where necessary or desired. | 07-03-2014 |
20140188686 | AUCTIONING MECHANISMS FOR DARK ORDER BLOCK TRADING - Auctioning mechanisms adapted to improve the integrity of dark order block trading is provided. | 07-03-2014 |
20140188687 | METHOD AND SYSTEM FOR PRICING FINANCIAL DERIVATIVES - A method for providing a bid price and/or an offer price of an option relating to an underlying asset, the method including the steps of receiving first input data corresponding to a plurality of parameters defining the option, receiving second input data corresponding to a plurality of current market conditions relating to the underlying value, computing a corrected theoretical value (CTV) of the option based on the first and second input data, computing a bid/offer spread of the option based on the first and input data, computing a bid price and/or an offer price of the option based on the corrected TV and the bid/offer spread, and providing an output corresponding to the bid price and/or the offer price of said option. | 07-03-2014 |
20140188688 | Random-Time Auctions in an Electronic Trading System - A system is configured to hold price improvement auctions for customer orders for a duration that is based on a random timer. The system receives an initiating order from an auction guarantor that describes the financial instrument that a customer wishes to trade. The auction guarantor provides a guaranteed order that can fill the initiating order. A random time period to hold the auction is selected. The system solicits responses from other market participants for the financial instrument. When the random time period expires the system matches the initiating order against the responses, existing orders in an order book, and the guaranteed order. | 07-03-2014 |
20140188689 | DISTRIBUTED HIERARCHICAL CONTROL ARCHITECTURE FOR INTEGRATING SMART GRID ASSETS DURING NORMAL AND DISRUPTED OPERATIONS - Disclosed herein are representative embodiments of methods, apparatus, and systems for facilitating operation and control of a resource distribution system (such as a power grid). Among the disclosed embodiments is a distributed hierarchical control architecture (DHCA) that enables smart grid assets to effectively contribute to grid operations in a controllable manner, while helping to ensure system stability and equitably rewarding their contribution. Embodiments of the disclosed architecture can help unify the dispatch of these resources to provide both market-based and balancing services. | 07-03-2014 |
20140188690 | USER DEFINED NET TICK VOLUME BARS - The present invention relates to the field of computer implemented price and volume charting in the stock, commodity, futures, options and other markets, as well as the use of a computer to process various trading volume information to define the interval or duration of a price bar. | 07-03-2014 |
20140188691 | AUTOMATIC COLLATERAL EXCHANGE FOR REHYPOTHECATED COLLATERAL - A system for managing rehypothecated collateral allocations in financial transactions includes processors coupled to memory configured to store deal attributes. The processors may execute a collateral allocation module that is operable to receive a request to release a collateral allocation, identify the collateral allocation in one or more deals at a first level, and identify a rehypothecated portion of the collateral allocation in deals at subsequent levels. Where an entirety of the collateral allocation is identified at each subsequent level, the collateral allocation module may credit the one or more deals at each subsequent level with net free equity equal to an amount of cash to be exchanged at a prior level of the subsequent levels. When a total of the net free equity credit is equal to an amount of cash to be exchanged at the first level, the collateral allocation module may release the collateral allocation. | 07-03-2014 |
20140188692 | System And Method For Optimizing Fixed Rate Whole Loan Trading - Optimizing fixed rate whole loan trading. Specifically, the invention provides computer-based systems and methods for optimally packaging a population of whole loans into bonds in either a senior/subordinate bond structure or into pools of pass through securities guaranteed by a government agency. Models for each type of bond structure are processed on the population of loans until either an optimal bond package is found or a user determines that a solution of sufficient high quality is found. Additionally, the models can account for bids for whole loans by allocating whole loans that meet requirements of the bid but are least favorable to be securitized. | 07-03-2014 |
20140188693 | AUCTIONING MECHANISMS FOR DARK ORDER BLOCK TRADING - Auctioning mechanisms adapted to improve the integrity of dark order block trading is provided. | 07-03-2014 |
20140188694 | PROSPECTIVE CURRENCY UNITS - Methods and systems for calculating values for indexes based on breakout currencies are provided. A prospective breakout index may be formed before an entity breaks out of a monetary union. Other aspects relate to calculating an initial index value on a breakout date. An initial exchange rate of the breakout currency may be combined with a breakout value and/or a base value. In one embodiment, the breakout value is the reciprocal of the initial exchange rate. Therefore, in accordance with certain embodiments, the initial index value of the breakout index may be equal to the base value. Further aspects relate to calculating a second index value. A second exchange rate of the breakout currency may be utilized with the fixed base value and the breakout value to calculate the second index value of the breakout index. Further aspects relate to creating a prospective currency unit for a monetary union. | 07-03-2014 |
20140188695 | ELECTRICITY TRADING SYSTEM AND MARKET PROVIDING TYPE SERVICE SYSTEM - An electricity trading system is provided which accomplishes an effect of reducing the risk of electricity tightness even if a large number of consumers participate a trading. The electricity trading system according to an embodiment of the present disclosure includes a bid acceptor accepting bid information containing a bidder ID, a bid sorting processor sorting buying bid information among the bid information accepted by the bid acceptor into multiple groups based on a preference or a bidder kind associated with the bidder ID, and a contracting processor performing a process of making a contract between a buying bid indicated by the buying bid information sorted in a first group among the multiple groups and a selling bid, and a process of making a contract between a non-contracted and left selling bid and a buying bid indicated by the buying bid information sorted in a following group. | 07-03-2014 |
20140195399 | METHOD AND SYSTEM FOR ACHIEVING POSITIVE NET PROFITS STATISTICALLY - This invention discloses an investment method for achieving consistent positive profits, positive net profits, or “absolute return”, statistically. It begins with evaluating a trading system. Average and standard deviation are calculated from occurred individual trading profits to estimate expected average profit and risk. Expected cumulative profits and cumulative standard deviations are then estimated from their corresponding individual counterparts. An expected performance map may be constructed with the expected cumulative profit and lower profit limit plots. To ensure positive net profits can be achieved, a high probability confidence level is specified, and a lower profit limit is estimated. If the expected average profit is positive, expected cumulative profits will continuously increase. After sufficient trades, the lower profit limit will also increase and eventually become positive. Whereby, positive net profits can be achieved with high probability, while risk is limited by the lower profit limit. Thus risk occurs at a low probability. | 07-10-2014 |
20140195400 | SECURITY FUTURES CONTRACT WITH SELECTABLE EXPIRATION AND METHOD AND SYSTEM FOR THE CREATION, LISTING, PURCHASE AND SALE, AND TRADING OF THE SAME - The embodiments of the invention provide a novel financial instrument and system and method for creating, listing, purchase and sale, and trading said financial instrument wherein the instrument comprises a security futures contract with a selectable expiration date. A request for quotes process is also provided, which in one embodiment permits the creation and listing of a security futures contract with a selectable expiration date. A method and system for permitting the automated entry of an exchange-for-physicals (EFP) trade including a security futures contract with a selectable expiration date is also provided. | 07-10-2014 |
20140195401 | SYSTEM AND METHOD FOR QUICK QUOTE CONFIGURATION - A method and system are described for providing a trader with the ability to quickly configure the quoting side of a trading tool, without experiencing the normal delays associated with conventional methods of quoting. In spread trading, an automated spread trading tool may automatically work an order to buy or sell a tradeable object. A user may configure the trading tool to work an order in a certain tradeable object first. The system allows the user to essentially on-the-fly configure the trading tool to work a second order in another tradeable object, and in response to the change, the system can take specific actions such as deleting the order in the first tradeable object and automatically entering the second order in the other tradeable object. This allows the trader to trade quickly and efficiently. | 07-10-2014 |
20140195402 | SYSTEMS AND METHODS FOR ROUTING TRADING ORDERS - Systems and methods are provided for routing trading orders. The system determines that a first trading entity disclosed to the trading platform a reserve quantity of a first trading order received from the first entity. The system determines that a second trading entity did not disclose a reserve quantity of a second trading order received from the second trading entity. The system receives a third trading order. The system preferences the first trading entity over the second trading entity in the routing of trading orders, e.g., by routing the third trading order to the first trading entity. | 07-10-2014 |
20140195403 | PRESENTATION AND ANALYSIS OF DOCKET INFORMATION AND FINANCIAL INFORMATION - Aggregation, analysis, and presentation of financial and docket information in a common interface are described. | 07-10-2014 |
20140195404 | METHOD AND SYSTEM FOR IMPLEMENTING AN INVESTMENT COMPANY THAT ISSUES A CLASS OF CONVENTIONAL SHARES AND A CLASS OF EXCHANGE-TRADED SHARES IN THE SAME FUND - A method is provided for administering a single investment company that issues one or more classes of shares that are bought from and redeemed with the single investment company at a net asset value and issues one or more classes of shares that are listed for trading on a securities exchange and that are bought and sold at negotiated market prices. One or more computers maintain account data of the outstanding shares. An owner of any share of any share class has an undivided interest in the single investment company. | 07-10-2014 |
20140195405 | SYSTEM AND METHOD FOR BILLING A UTILITY CONSUMER AFTER INSTALLATION OF A NEW LIGHTING TECHNOLOGY - A method includes obtaining, at a metering device, power usage information associated with operation of a second technology; calculating, at a processor and based on the power usage information obtained from the metering device, a power base load capacity relief of an electrical system to a utility provider resulting from change from a first technology to the second technology; receiving, at the processor, a technology cost including fixed and variable costs to install and maintain the second technology; calculating, at the processor, a return needed for repayment of the technology cost; determining, by the processor, a new utility rate by apportioning the return needed for repayment of the technology cost as a function of the power base load capacity relief and calculating; and providing a utility invoice to the utility consumer for a power reduction over time at the new utility rate. | 07-10-2014 |
20140195406 | METHOD FOR AGENCY COST ESTIMATION - A method for forecasting the transaction cost of a portfolio trade execution that may be applied to any given trading strategy or an optimal trading strategy that minimizes transaction costs. The system accepts user-defined input variables from customers and generates a transaction cost estimation report based on those variables. Two models are utilized: discretionary and non-discretionary. A specific transaction cost estimation and optimization is performed that model the transaction costs of a specific trade execution based on the user's trading profile and market variables. | 07-10-2014 |
20140195407 | CONFIDENTIAL BLOCK TRADING SYSTEM AND METHOD - Methods and systems for facilitating trading of securities, preferred methods comprising receiving a first buy or sell order from a first user; calculating a block price range; determining that said first order is reasonably priced; transmitting to a second user a notification that a reasonably priced order is present, but without notifying said second user of the side; receiving a second order from said second user, wherein said second order is a contra to said first order and nearly matches but does not cross said first order; transmitting a contra order notification to said second user after said second order is received, said contra order notification indicating that a nearly matching contra order is active; receiving a third order from said second user, said third order being a contra to said first order and crossing said first order; and executing a trade comprising said first order and said third order. | 07-10-2014 |
20140195408 | System and Method for Order Placement in an Electronic Trading Environment - A system and associated methods are provided for intelligent placement and movement of orders in an electronic trading environment. According to one example method, in addition to submitting a leg order at a calculated price level, additional orders, queue holder orders, are submitted for the leg order at prices either below or above the calculated price level. Based on this configuration, if the conditions change such that it is necessary to re-price the leg order, there will be already an order resting in the exchange order book at the re-calculated price that can be used in the strategy. Upon re-pricing the leg order, one or more additional queue holder orders will be placed in the market. Other tools are provided as well. | 07-10-2014 |
20140195409 | System and Method for Making Positions Held by a Trader Fungible - Positions held by a trader are made fungible by selecting a first position in a first futures contract that is deliverable and selecting a second position in a second futures contract, wherein the first and second futures contracts are traded in a first and second market, respectively. Offsetting the first and the second positions eliminates a delivery obligation of the trader. | 07-10-2014 |
20140195410 | SYSTEM AND METHOD FOR REDUCING CURVE RISK - A bond matching system receives positions from dealers identifying bonds to be matched and including the price value per basis point (PVPB) of the bonds and an indication of a percentage deviation from PVBP that the dealer is willing to accept in a matching bond. A matching engine performs a matching optimization during a run to match as many positions as possible and then calculates a series of hedge trades for each dealer to reduce the curve risk generated by matching with bonds having different maturity dates. The hedge trades are executed in a liquid external market such as a futures exchange. | 07-10-2014 |
20140195411 | SYSTEM AND METHOD FOR DISPLAYING A CONSTANT TIME SELECTION CONTEXT MENU INTERFACE - A system and method are provided for a context menu pop-up interface. In one embodiment, the context menu interface may be activated in relation to a second interface, and may include a plurality of selection areas organized around a central selection area. In a preferred embodiment, the sizes of each of the plurality of selection areas increase as a distance to each selection area increases from the central selection area, and the sizes are selected such that the plurality of selection areas can be selected in approximately the same time. | 07-10-2014 |
20140201049 | EDGE DETERMINATION DEVICE - A method of determining an edge on an option strategy is disclosed. An option strategy may be accepted where the option strategy is a combination of buying and selling puts in calls. The edge for the options strategy may be determined by adding the delta edge to the vega edge. | 07-17-2014 |
20140201050 | SMART COMPLETE OPTION STRATEGY DISPLAY - A system and method for determining and presenting likely option strategies based on inputs is disclosed. An assets input is accepted where the asset input indicates an underlying asset for which options are available. Additional inputs may be accepted to further narrow the list of possible strategies. The system may attempt to predict and display the most likely option strategies based on the inputs. | 07-17-2014 |
20140201051 | Master Feeder Structure For Pooled Investment Companies - A computer-implemented method for operating a master trust that holds a portfolio of assets for plural feeder funds including at least a mutual fund and an exchange traded fund (ETF) is described. The master is a multi-class master fund of for feeder funds including an ETF class and mutual fund class. Shares in the ETF class and mutual fund class are exchanged between the mutual fund and master and the ETF and master according to types of transactions. | 07-17-2014 |
20140201052 | Methods and Systems for Monitoring and Controlling Order Message Traffic - Example methods, systems, and tangible computer readable storage media disclosed herein provide for tracking of order messages. An example method includes tracking, using a computing device, an order message, the order message including an order for a tradeable object in a trading market. The trading market includes an inside market. The example method includes determining, using the computing device, whether the order is directed to the inside market of the trading market. If the order is determined to be directed to the inside market, the example method includes adjusting a weighting factor to decrease a message ratio. The message ratio compares a weighted order message total to a fill total. If the order is determined to be directed away from the inside market, the example method includes adjusting a weighting factor to increase the message ratio. The example method includes determining, using the computing device, if the message ratio satisfies a message ratio threshold. The example method includes implementing, using the computing device, message ratio handling if the message ratio satisfies the message ratio threshold. | 07-17-2014 |
20140201053 | METHOD AND SYSTEM FOR MANAGING EXCHANGE TRADED FUNDS USING AN INTRADAY INDICATIVE VALUE - A computer implemented method, system, and software for calculating and using an intraday indicative value of a leveraged Bullish or Bearish exchange traded fund (“ETF”) for arbitrage purposes, includes calculating an intraday current value of all the equity securities in the ETF (applicable only to Bullish ETFs), calculating mark to market gains or losses of at least one derivative product, and retrieving an accumulated loss or gain of the at least one derivative product and other cash equivalent amounts. The intraday indicative value of the ETF is determined by combining the calculated intraday current value of all the equity securities (applicable only to Bullish ETFs), the accumulated loss or gain, the mark to market gains of the at least one derivative product and other cash equivalent amounts. The determined intraday value of the ETF is used, by a party, for arbitrage purposes. | 07-17-2014 |
20140201054 | System And Method For Regulating Order Entry In An Electronic Trading Environment - A system and method are provided for defining slop parameters to an individual spread order or a customized group of orders. The system and method may be used to, for example, define inside slop, outside slop, and/or adjustable range parameters to one or more orders. The inside slop, outside slop, and/or adjustable range parameters may be input by a trader, and, among other things, allow a trader to prioritize orders, set parameters so that some orders are re-priced more aggressively than other spread orders. Alternatively, slop parameters associated with a spread order may also apply more restrictive slop parameters to orders within the same adjustable range. Slop parameters associated with a spread order can also be configured and modified by a trader based on the trader's preferences. Other features and advantages are described herein. | 07-17-2014 |
20140201055 | Methods and Systems for Creating and Trading Derivative Investment Products Based on a Covariance Index - Systems and methods for determining an index based on a covariance between two underlying assets is disclosed. In one implementation, a processor of a trading platform calculates a covariance index associated with two underlying assets, creates a covariance derivative associated with the two underlying assets based on the covariance index, and displays the covariance index and the covariance derivative on a trading display device coupled with the trading platform. | 07-17-2014 |
20140201056 | System and Method for Electronic Spread Trading in Real and Synthetically Generated Markets - A system and method are provided to analyze synthetic and real markets that offer interchangeable tradeable objects to find market opportunities that a trader may capitalize on. A synthetic market is an electronic market created out of real markets by a computer terminal or gateway. A real market is an electronic market that is offered by an electronic exchange. If a desirable market opportunity is found, the preferred embodiments can take action such as by sending orders to either one of the markets, or by sending orders to both markets. An advantage of the preferred embodiments, among many others, is that they can make “invisible” trading opportunities more readily apparent. | 07-17-2014 |
20140201057 | MEDIUM OF EXCHANGE BASED ON RIGHT TO USE OR ACCESS INFORMATION - Methods, apparatus and systems for managing certificates used as a medium of economic exchange include issuing, by at least one computer, electronic certificates configured for use as digital currency units; publishing, by the at least one computer, a promise to redeem the electronic certificates for a right to access a digital object controlled by the at least one computer at a specified rate; and redeeming, by the at least one computer, ones of the electronic certificates for rights to access the digital object at the specified rates. The digital objects may include rights to use or access copyrighted digital content, and/or virtual objects or services useful only in a virtual online environment that is controlled via the one or more computers. The methods, apparatus and systems may include providing one of the electronic certificates to users, in exchange for value. | 07-17-2014 |
20140201058 | Stewardship Method for Managing Ozone-Depleting Substances - A stewardship system integrates the management of ozone depleting substances and halogenated substances, such as chlorofluorocarbons (CFC), across multiple players in the supply chain, carbon credit generation, sale of carbon credits within the various carbon credit markets, and improves distribution of the profits to the contributing entities. A central processing entity mediates transactions between the different entities. | 07-17-2014 |
20140201059 | PREPAID MULTINATIONAL PROGRAM - A system and method for providing multinational prepaid services in a plurality of countries is provided. A multinational organization can work with an originating issuer to implement a corporate disbursement program in a number of countries. The multinational organization can provide a device file to a multinational prepaid system. The multinational prepaid system can split the device file into a plurality of destination device files for a plurality of destination issuers in each country where the funds need to be disbursed. The multinational prepaid system can provide a funding file to a funds transfer system to convert the funds from an originating country currency into a destination country currency for each country and to deliver the funds to the appropriate destination issuer in each country. The destination issuers can then distribute prepaid funds in their respective local currency to the specified recipients based on the destination device file. | 07-17-2014 |
20140207639 | Variable-Based Increment Adjustment - Example methods, systems, and computer-readable media are disclosed to provide variable-based increment adjustment. An example method includes determining, using a computing device, whether to automatically adjust a first trading increment implemented in a trading interface to a second trading increment by monitoring for a condition related to activity in a trading market. The condition is defined in an increment adjustment rule by a user. The first trading increment and the second trading increment are associated with prices in the trading market. The example method includes adjusting, using the computing device, the first trading increment to the second trading increment implemented in the trading interface during the condition according to the increment adjustment rule. | 07-24-2014 |
20140207640 | CURRENCY TRADING PLATFORM WITH IMPROVED RISK MANAGEMENT - Systems, methods and software for processing and displaying information associated with a plurality of currency exchange transactions to a forex dealer in real time, i.e. substantially simultaneously with the receipt or placement of the associated transactions orders or position requests. | 07-24-2014 |
20140207641 | Globally Optimum Trading Positions for Path-Dependent Options - A trading position evaluation system for evaluating trading positions that are globally optimum for a path-dependent European Contingent Claims (ECC) includes an option price determination module configured to determine a current option price and a shifted option price of the path-dependent ECC based on ECC data and market data. The current option price and the shifted option price are determined at a trading time instance, selected from amongst a plurality of trading time instances obtained from a trader, based on at least one discrete-monitoring time instance occurring before the trading time instance. Based on the current option price and the shifted option price, a position evaluation module evaluates a trading position in an underlying asset of the path-dependent ECC at the trading time instance that minimizes global variance of profit and loss to the trader. | 07-24-2014 |
20140207642 | Trade Order Submission for Electronic Trading - Various systems and methods for trade order processing in an electronic trading environment are provided. The order processing includes initiating a first thread of instructions at a computing device to send a first trade order onto an electronic exchange. However, if one or more trade orders are identified during the process to send the first trade order, then the one or more orders are queued. When the first trade order is sent to the electronic exchange, then a second thread of instructions is initiated at the computing device to send the queued one or more trade orders (substantially together, if there is more than one) on to the electronic exchange. | 07-24-2014 |
20140207643 | METHOD AND SYSTEM FOR AUTOMATED TRANSACTION COMPLIANCE PROCESSING - A system for automated transaction compliance processing comprises a list server providing access to one or more lists of securities with trading restrictions and a rules engine which processes compliance requests to determine if, based upon the relationship between the requesting party and the company on behalf the compliance is being performed, the transaction is permissible. Compliance determinations are made using a set of predefined compliance rules. When a request is evaluated, a compliance rule set indicating which rules are to be evaluated at that time is generated in accordance with a party profile indicating the relationship between the party and the company. A message indicating whether the transaction complies with trading restrictions is then returned. | 07-24-2014 |
20140207644 | AUTOMATIC FINANCIAL INSTRUMENT TRANSACTION SYSTEM - A computer-based transaction system manages representations of a plurality of positions in a first type of financial instrument, such as bond future contracts. The transaction system, at a first predetermined time, converts each position in the first type of financial instrument into a corresponding position in a second type of financial instrument, such as bonds. At a second predetermined time that is after the first predetermined time, the transaction system converts each position in the second type of financial instrument into a position in the first type of financial instrument. | 07-24-2014 |
20140207645 | Method For Structuring A Transaction - In one embodiment the present invention relates to a method for structuring a transaction involving a first party having a long position in a security and a second party desiring to acquire short exposure to the security. In one example an agent or intermediary acts between the first party and the second party. In another example the first party and the second party deal directly with one another. | 07-24-2014 |
20140207646 | ENHANCED SYSTEM AND METHOD FOR MANAGING FINANCIAL MARKET INFORMATION - A system and method are provided for managing financial market information. According to certain embodiments, the system includes a computer having a memory, processor, and display. The processor is capable of generating a graphical depiction of the financial market information on the display. The graphical depiction includes a multidimensional representation of a broad range of market information for at least two financial instruments. The graphical depiction resides in a single window on the display. The financial instruments may include multiple different classes of financial instruments, such as treasuries and futures. Different instruments may be selected and information, including basis information, relevant to the selected instruments may be displayed in a second window. | 07-24-2014 |
20140207647 | Total Fair Value Swap - A synthetic instrument known as a “Total Fair Value Swap” is disclosed. According to one embodiment, the Total Fair Value Swap may comprise an agreement between two counterparties, a “Fixed Rate Payer” and a “Floating Rate Payer”. According to the agreement, the Fixed Rate Payer makes a stream of payments to the Floating Rate Payer based on a fixed rate, and the Floating Rate Payer makes a second stream of payments to the Fixed Rate Payer based on a floating rate, wherein a first portion of the floating rate is based on a reference interest rate, and wherein a second portion of the floating rate is based on a credit spread associated with the Floating Rate Payer. The reference interest rate may be, for example, London Inter-Bank Offer Rate (LIBOR), prime interest rate, the US dollar swap rate, the U.S. Treasury Bond rate or any other widely traded interest rate that is reset periodically. The credit spread may be observed from the Credit Default Swap (CDS) market. | 07-24-2014 |
20140207648 | LEVERAGED INSTRUMENT COMPUTER-IMPLEMENTED TRADE MANAGEMENT SYSTEM TO PROVIDE LONG-TERM EXPECTED RETURNS FOR DAILY REBALANCE INSTRUMENTS, SUCH AS ETFS OR FUNDS - A computer-implemented system enables performance of leveraged instruments, such as leveraged ETFs, to track their design parameters for longer durations than currently possible. The computer-implemented method issues sells and buys of the leveraged instrument on a daily basis to return the instrument back to an expected value, and to credit or debit cash on a daily basis, such that a combination of the instrument position and the cash position taken together provides an actual return close to the theoretical stated return. This strategy involves bringing the leveraged holding back to an equal value of the unleveraged ETF at the time the leveraged ETF is rebalanced—generally at the close of trading on any given day. This technique allows investors to hold the leverage only through the day, and realize the losses and gains of the leverage that day, and resets the position for trading for the following market day. | 07-24-2014 |
20140207649 | EMBEDDED HARDWARE BASED SYSTEM WHICH PROVIDES REAL-TIME PRE-TRADE RISK ASSESSMENTS FOR MULTIPLE PARTIES AND METHOD THEREOF - A risk assessment system and method are provided that may be implemented as an embedded hardware based system and method that provide real-time pre-trade risk assessments for multiple parties, in addition to real-time market data and trading connectivity to a variety of liquidity venues. The liquidity venues may include regulated exchanges, ECNs and other financial institutions listing securities, options, futures, commodities, foreign exchange and other financial instruments. | 07-24-2014 |
20140207650 | System and Method for Determining the Market Risk Margin Requirements Associated with a Credit Default Swap - A system and computer-implemented method for determining a margin requirement associated with a plurality of financial instruments within a portfolio is disclosed. The system and method implement steps and procedures for analyzing the portfolio including the plurality of financial instruments where analyzing further includes determining a first time-series of returns for the plurality of financial instruments, determining a second time-series of returns for the plurality of financial instruments where the second time-series occurs after the first time-series, and calculating the correlation between the first time-series of returns and the second time-series of returns. The system and method implement further steps and procedures for calculating residuals and volatilities for the plurality of financial instruments within the portfolio. | 07-24-2014 |
20140207651 | FIXED INCOME SECURITIES MARKET MODEL - 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. | 07-24-2014 |
20140207652 | METHOD, APPARATUS AND ARTICLE-OF-MANUFACTURE FOR MANAGING AND SUPPORTING INITIAL PUBLIC OFFERINGS AND OTHER FINANCIAL ISSUES - The present invention relates generally to the field of computer-assisted business methods, and to system and articles-of-manufacture for implementing such methods. More particularly, the invention relates to computer-based methods, apparatus and articles-of-manufacture for supporting the coordination, communication, record-keeping, accounting, security and scheduling needs for the syndicate associated with an initial public offering (“IPO”) or other new financial issue. While the invention is exemplified and discussed herein with reference to IPO's, those skilled in the art will appreciate that the present invention is equally applicable to other types of securities and debt instruments, such as preferred stock, corporate bonds, municipal bonds, etc. | 07-24-2014 |
20140214645 | EDUCATIONAL SYSTEMS, SOFTWARE, AND METHODS FOR TRAINING IN THE FIELD OF VALUING AND COMPARING OPTIONS - Computer-implemented methods of investor education in the field of valuing and selecting stock options for investment. | 07-31-2014 |
20140214646 | TRADING AT A PRICE WITHIN A SPREAD MARKET - A system and method is provided to allow traders to submit midprice orders to trade at a price within a spread of a market, preferably at the midpoint of a spread market, while maintaining anonymity of the midprice order. A midprice order is anonymous because other traders do not know whether the submitted midprice orders are orders to buy or orders to sell. A midprice order may remain active until it is traded with a contra midprice order or until a parameter associated with the order is breached, thereby resulting in cancellation of the midprice order. | 07-31-2014 |
20140214647 | System and Method for Delaying Execution of Financial Transactions - A system, computer-readable storage medium storing at least one program, and a computer-implemented method for delaying execution of financial transactions. A first message including data for a first financial transaction is received, the first message being uncorrupted. A first trading symbol that is a target of the first financial transaction is determined. The first trading symbol is determined to be a target of at least one financial transaction that was included in at least one previous message that was determined to be corrupted. Execution of the first financial transaction is delayed. | 07-31-2014 |
20140222638 | System and Method for Merchant Transfer of a Forward-Sold Good Contract - A system and a method are provided that each have the capability for immediate merchant transfer of a forward-sold good contract. At the time of purchase of a transferable/resellable forward-sold good, a merchant strike price is set by the merchant. If the merchant strike price is met by a bidding merchant, this allows transfer/resale of the forward-sold good contract to the bidding merchant. A system for merchant transfer of a forward-sold good contract by use of a merchant transferable website and database is also provided. | 08-07-2014 |
20140222639 | Visual Representation and Configuration of Trading Strategies - A system and method are provided to visually represent and configure trading strategies used in electronic trading. The system and method may be used to visually represent, among other things, an acceptable range of prices for a trading strategy in relation to a graphical user interface. The acceptable range of prices may be input by a trader to limit when one or more orders are moved from one price to another. The acceptable range of prices can be displayed on a graphical user interface using visual indicators. Using the visual indicators, the acceptable range of prices can also be configured and modified by a trader based on the trader's preferences. Other features and advantages are described herein. | 08-07-2014 |
20140222640 | System and Method For Creating A Market Map In An Electronic Trading Environment - A market map interface displays market information and trader-related information associated with at least two tradable objects. In one embodiment, the at least two graphical interfaces may be linked, and a user may define one or more adjustment parameters to be used to adjust the view of information being displayed via the linked graphical interfaces. For instance, a user may initiate repositioning of one of the linked graphical interfaces, thus, effectively, causing other linked graphical interfaces to be repositioned according to the defined adjustment parameters. | 08-07-2014 |
20140222641 | TRAILBLAZER METHODS, APPARATUSES AND MEDIA - At a first time, an indication of a selection of a contract, expiring at a second time and associated with a commodity, is received. A set of physical stacks associated with the contract is accessed. Based upon the first time, the second time, and a periodic sampling rate, a marginal cost profile for the commodity is generated. The marginal cost profile is a set of values relating to an estimate of a marginal cost of production for the commodity at a set of times between the first time and the second time. A display signal, adapted to form the basis for a visual display, is generated. The display signal includes a first component relating to at least one physical stack from the set of physical stacks, and a second component relating to the marginal cost profile. The display signal is stored in a memory and transmitted from the memory. | 08-07-2014 |
20140222642 | SYSTEM AND METHOD FOR PROPERTY SEARCHING AND TRADING - An Internet based system for identifying and initiating real estate trades in which potential direct and multi-party trades are identified and rated based on the quality of the match between desired features and on-offer features, and the rating is automatically conveyed to the users associated with the relevant properties. | 08-07-2014 |
20140222643 | Foreign Exchange Covered Warrant System And Structure - A financial data processing system includes a foreign exchange (FX) certificate management system, a covered warrant management processor, and a trade processing system. The FX certificate management system includes a computer system configured to structure a zero-coupon FX certificate. The certificate is structured to have a redemption value that is determined based on a currency exchange rate measured at a time of maturity of the certificate. The covered warrant management processor includes a computer system configured to structure a FX covered warrant product based on an underlyer that includes a foreign exchange certificate structured by the FX certificate management system. The trade processing system includes a database storing buy and sell related data and tracking investor portfolio information, and a user interface system to generate user interface display screens enabling interaction with a user. | 08-07-2014 |
20140222644 | APPARATUS AND METHOD FOR PROCESSING DATA - Methods and apparatus for processing data. The apparatus includes a plurality of entry systems for receiving the data from a respective plurality of contributors which each formulate the data based on respectively different: a) input data, and b) rules for governing how the input data is used to formulate the data. The apparatus also includes a tracking system having a data normalizer configured to normalize the formulated data received from each of the plurality of contributors into a common format. The tracking system performs at least one comparison of the normalized data from the entry systems and signals results of the comparison. | 08-07-2014 |
20140222645 | Multiple Coupon Interest Rate Futures Contracts - The disclosed system makes available multiple interest rate futures contracts (“IRFC”) for a given set of interest rate securities, such as US Treasury Notes, which may be used to satisfy the delivery obligation. The terms on which the delivery obligation of each such IRFC are met are governed by an associated conversion factor yield (“CFY”) value which is associated, in turn, with a corresponding set of conversion factors (“CF”), each of which corresponds to one member of the set of securities eligible for delivery, and which may be used at the time of delivery of such eligible interest rate security, to determine the delivery invoice price. Offering different CFY's and corresponding CF's may enable a market participant who seeks to use such futures to acquire or shed financial risk exposure to select from such array of futures contracts the member contract that most closely mirror the participant's intended risk profile. | 08-07-2014 |
20140222646 | SMARTCARD-BASED VALUE TRANSFER - In a value transfer scheme, users are provided with programmable devices, for example, smart cards, capable of carrying data representing at least one available commodity value. Data representing user accounts is held at a remote processing station. Transactions between users are effected by the off-line exchange of data between users' respective smartcards, the exchanged data containing a record of each transaction entered into. The user account data for each user's account held at the remote processing station is updated only subsequently when the user's smartcard is on-line to the remote processing station and data therefrom is uploaded to the remote processing station. The scheme of the invention can, conveniently, be based around the ITSO scheme which is used to govern the secure transfer of data The scheme is capable of providing a secure multi-commodity value transfer system. | 08-07-2014 |
20140222647 | System and Method for Money Management Using a Plurality of Profit Levels in an Electronic Trading Environment - A system and method for money management in an electronic trading environment are presented. According to one embodiment, a money management application intercepts an order before the order is sent to an exchange, and determines a plurality of P/L levels, based on which the money management application then selects a set of money management parameters to be used to control or modify order parameters before the order is sent to the exchange. The plurality of profit levels may include a net profit level determined based on a trader's net position and a current market level, a realized profit level determined based on trader's sells and buys associated with the tradeable object, or an open profit level determined based on the realized and net profit levels. The set of money management parameters may include a maximum order quantity and a maximum net position so that, for example, if the order quantity associated with the order is higher than the maximum order quantity associated with the applicable set of money management parameters, the order quantity may be modified to the maximum order quantity. | 08-07-2014 |
20140222648 | METHOD AND SYSTEM FOR OFFSET MATCHING - The trading of interest rate swaps or other interest rate derivatives gives rise to mismatch exposure. This can be offset by a series of FRA trades. Rather than conducting a series of exposure neutral trades, FRAs can be bought or sold for the entire amount of a trader's reset exposure. To hedge the offset trades, a series of IMM FRA trades are conducted. The relative size of the IMM contracts will be determined by the distance in time from the IMM quarterly contract settlement date. A system is disclosed for performing offset trades and IMM hedges. The embodiments allow for non-neutral trading and subsequent hedging brings trading back to a neutral position. | 08-07-2014 |
20140222649 | TBA Futures Contracts and Central Counterparty Clearing of TBA - Networks, systems and methods that match orders for TBA futures and settle and clear open positions for TBA futures are disclosed. The TBA futures may include MBS TBA future contracts. A central counterparty clearing firm may net long and short positions and generate delivery instructions to parties having open positions. | 08-07-2014 |
20140222650 | System and Method for Improved Distribution of Market Information - A data distribution system and method are described herein to improve the distribution of market information to subscribing client devices. Market information updates are provided to subscribing devices over a communication link every time a change in the market occurs. If a bandwidth limitation is reached on the communication link, the preferred embodiments switch to a second mode of transmission such that the market information updates are provided only at predetermined intervals. The preferred embodiment monitors the bandwidth consumption to determine what mode of transmission to apply, and in response, it can dynamically change between modes of transmission. By dynamically adjusting the mode of transmission to comport with the current network bandwidth, the preferred embodiments may provide a network friendly, data intensive, and fast response market information feed. | 08-07-2014 |
20140222651 | System and Method for Trading Options - A system and method for interactive trading of option contracts is described. Users of the system provide volatility runs of currency options, deal on existing offers to sell or bids to buy, or may improve on existing offers to sell or bids to buy. Users of the system include banks and traders or dealers employed by banks or other financial institutions. The system and method provide automatic price quotations for a requested option contract by polling internal volatility surfaces of users for prices on the requested contract. Additionally, the system and method ensure a more orderly pattern of trades by categorizing the users into discrete tiers which determine a user's obligations to provide offers and bids to the system. | 08-07-2014 |
20140222652 | USER INTERFACE FOR AN ELECTRONIC TRADING SYSTEM - A user interface for an electronic trading exchange is provided which allows a remote trader to view in real time bid orders, offer orders, and trades for an item, and optionally one or more sources of contextual data. Individual traders place orders on remote client terminals, and this information is routed to a transaction server. The transaction server receives order information from the remote terminals, matches a bid for an item to an offer for an item responsive to the bid corresponding with the offer, and communicates outstanding bid and offer information, and additional information (such as trades and contextual data) back to the client terminals. Each client terminal displays all of the outstanding bids and offers for an item, allowing the trader to view trends in orders for an item. A priority view is provided in which orders are displayed as tokens at locations corresponding to the values of the orders. The size of the tokens reflects the quantity of the orders. An alternate view positions order icons at a location which reflects the value and quantity of the order. Additionally, contextual data for the item is also displayed to allow the trader to consider as much information as possible while making transaction decisions. A pit panel view is also provided in which traders connected to the pit are represented by icons, and are displayed corresponding to an activity level of the trader. | 08-07-2014 |
20140222653 | METHOD AND PROGRAM FOR DETECTING CHANGE-POINT OF TIME-SERIES DATA, AND METHOD AND PROGRAM FOR PREDICTING PROBABILITY DENSITY DISTRIBUTION OF FUTURE TIME-SERIES DATA VALUES - The present invention applies a particle filter method to the PUCK model for calculating a true market price. First, a probability density function of a parameter is obtained by generating a group of particles having parameters representing the state of the PUCK model each having different values. Then, the degree of conformity of each of the particles is evaluated and the particles are resampled as follows in accordance with the degree of conformity. A random number is compared with a predetermined value, where particles are regenerated in accordance with probability density function such as a normal distribution for making a parameter value of the model at time (t) into a mean value when the random number is greater than the predetermined value, and where the particles are regenerated taking a uniform distribution as the probability density function when the random number is less than the predetermined value. | 08-07-2014 |
20140236795 | System and Method for Coalescing Market Data at a Network Device - A network device coalesces data received from an exchange, and provides a user with the opportunity to receive fewer, but up-to-date, data updates from an exchange when duplicate prices become available or a large volume of prices becomes available suddenly. Accordingly, the trader can be assured of receiving non-duplicated prices that are fed at a rate that is cohesive with that trader's connection speed. The present invention is designed to conserve on bandwidth thereby increasing the likelihood that bandwidth will be available to receive desirable market information. | 08-21-2014 |
20140236796 | SYSTEM AND METHOD FOR EVALUATING FINANCIAL TRADING STRATEGIES - A method for evaluating a financial trading strategy includes at least one computing device receiving a trade record comprising a sequence of trades. The method further includes determining, by the at least one computing device, performance parameters associated with the trades, wherein at least some performance parameters are based on financial data captured at a time other than a time of execution of the trades. The method further includes calculating, by the at least one computing device, a performance score of the trade record based on the performance parameters. | 08-21-2014 |
20140236797 | SYSTEM AND METHOD FOR USE OF FRACTIONAL PAY-UP TICKS IN RELATION TO TRADING STRATEGIES IN AN ELECTRONIC TRADING ENVIRONMENT - A system and associated methods are provided for use of fractional pay-up ticks in relation to offset orders being sent for a trading strategy that involves trading a first tradeable object and at least a second tradeable object. According to one example method, when an indication is received that a quantity at a first price for the first tradeable object is filled, a plurality of offset orders for the second tradeable object is sent to an electronic order book of the second tradeable object. The plurality of offset orders is placed at a plurality of price levels determined based on at least one fractional pay-up tick value, the first price, and the desired spread price. A quantity for each order is determined based on a quantity divider rule that is applied to an offset quantity to offset the fill. | 08-21-2014 |
20140236798 | METHOD AND SYSTEM FOR INITIATING AND CLEARING TRADES - A system and method are provided for facilitating the exchange of data between one or more price providers and customers who communicate with the price providers through various portals, each of which may use it own data format. In transmitting data from customer to price provider, the data output from each portal is normalized to a standardized format and then transmitted to the appropriate price provider(s) where the data exchanged with the various portals can be viewed by a trader at a single display or can be exchanged with an automated pricing engine. The customer may also be provided with a universal Web site at which a customer may access any of the portals' Web sites to simplify access for the customer as well. | 08-21-2014 |
20140236799 | Out of Band Credit Control - Systems, apparatuses, methods, and computer readable media may be configured for informing a first node of a first fine precision algorithm for calculating a first credit utilization associated with a trading entity, and of whether to use a first coarse precision algorithm instead of the first fine precision algorithm as long as the first credit utilization remains below a first credit threshold, receiving first credit information data from the first node and second credit information data associated with the trading entity from a second node, and determining aggregate credit information data for the trading entity based on the first credit utilization data and the second credit utilization data. | 08-21-2014 |
20140236800 | System and Method for Modifying Trading Strategies Based on Message Usage - A system and method are provided for implementing an electronic exchange-based transaction message policy. One example method includes defining a message usage threshold to be used in relation to a client entity that utilizes one or more trading strategies and sends transaction messages to an electronic exchange. The method further includes dynamically monitoring the message usage at the client entity and comparing it to the defined message usage threshold. If the message usage exceeds the threshold limit, the method includes adjusting one or more trading strategies at the client entity in attempt to not violating the exchange-based transaction message policy. | 08-21-2014 |
20140236801 | Automated System for Adapting Market Data and Evaluating the Market Value of Items - An automated system for evaluating the market value of items includes invoking an evaluation service that causes a metric application to obtain a plurality of market transaction data sets responsive to attributes of at least one item identified in a product specification data set and/or a price data set. Each obtained market transaction data set is defined by at least one parameter value and represents market reference price data of a particular period of time. At least one adjustment value is calculated and applied to the market reference price data having parameter values that vary from the at least one item identified in the product specification data set, transforming the market reference price data and generating a plurality of normalized market reference price data sets. A synthetic market value is determined for the at least one item in the product specification data set and/or the price data set. | 08-21-2014 |
20140236802 | SYSTEM AND METHOD FOR AUTOMATED ORDER ENTRY ON SHORT QUEUES - Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein. | 08-21-2014 |
20140236803 | TRADING RELATED TO FUND COMPOSITIONS - An electronic marketplace uses a fund composition to guide trading opportunities. Mutual funds typically have a target composition of financial instruments. When prices change for constituents of such a mutual fund, the fund typically needs to rebalance in order to maintain a desired composition. A marketplace that understands the target composition and the movement in prices targets trading opportunities to a fund in a more tailored manner than a traditional marketplace. | 08-21-2014 |
20140236804 | System and Method for Displaying a View of Market Depth on a Graphical User Interface - A graphical interface and method are provided for displaying market information corresponding to a tradeable object. According to one example embodiment, a market depth indicator is displayed in relation to a value axis in a market overview interface. Then, detailed market depth is displayed in a market depth interface, and a plurality of market depth prices displayed in the market depth interface are adjustable based on a position of the market depth indicator in relation to the value axis. | 08-21-2014 |
20140236805 | System and Method for Changing Order Priority Levels in an Electronic Trading Environment - A system and method for fee-based order priority level modification in an electronic trading environment are described. When an order reaches an exchange, a priority level of the order may be changed to a higher priority level, and the priority level of the order initially at the higher priority level may be changed to a lower priority level of the received order. In one embodiment, a trader who is gaining a higher priority level will be preferably charged a fee for having his order moved to the higher priority level, and at least a portion of that fee may be paid to a trader who is giving up his high priority level. | 08-21-2014 |
20140244465 | SYSTEMS AND METHODS FOR DETECTING MARKET IRREGULARITIES - A system and method is provided for detecting market irregularities. Consistent with disclosed embodiments, a processing entity may receive securities prices over a first predetermined time period, the securities prices representing prices of at least a subset of securities within a particular market. The processing entity may compare securities price changes for a first security in the subset with securities price changes for every other security in the subset, and may determine a correlation between the first security and at least one other security in the subset based on the comparison of securities prices. Additionally, the processing entity may create a first network by associating the first security with each security in the subset determined to be correlated with the first security, and may compare the first network with one or more previously created networks to determine one or more market irregularities for the first security. | 08-28-2014 |
20140244466 | SYSTEMS AND METHODS FOR COMPUTING AN INDEX FOR A BINARY OPTIONS TRANSACTION - Methods, apparatuses, and article of manufactures for receiving a plurality of bids and offers for a binary options instrument. Each bid and offer comprises a quantity and a price. A subset of bids and offers from the plurality of received bids and offers is generated. At least one rule is applied to the subset of bids and offers to generate a reduced subset of bids and offers. A binary options index is computed from the reduced subset of bids and offer. A request for a binary options transaction that is based on the computed binary options index is received. | 08-28-2014 |
20140244467 | SYSTEMS AND METHODS OF DETECTING MANIPULATIONS ON A BINARY OPTIONS EXCHANGE - Methods, apparatuses and article of manufactures for receiving a plurality of bids and offers for a binary options transaction. Each bid and offer comprises a quantity and a price. At least one rule is applied to the plurality of received bids and offers. At least one of the plurality of bids and offers is determined to be potentially manipulative. An alert that the at least one bid or offer is potentially manipulative is transmitted. | 08-28-2014 |
20140244468 | TRIGGERED BOND OR DEBT STRUCTURE SWAP - Disclosed herein is a method that includes providing a contract between a first party and a second party, the contract including a triggering event associated with a first debt structure, and a right of the first party upon the occurrence of the triggering event to swap the first debt structure with a second debt structure. The method further includes determining, by a computer system, that the triggering event occurred and swapping, by the computer system, the first debt structure with the second debt structure. | 08-28-2014 |
20140244469 | TRIGGERED BOND OR DEBT STRUCTURE SWAP - Disclosed herein is a method that includes providing a contract between a first party and a second party, the contract including a triggering event associated with a first debt structure, and a right of the first party upon the occurrence of the triggering event to swap the first debt structure with a second debt structure. The method further includes determining, by a computer system, that the triggering event occurred and swapping, by the computer system, the first debt structure with the second debt structure. | 08-28-2014 |
20140244470 | TRIGGERED BOND OR DEBT STRUCTURE SWAP - Disclosed herein is a method that includes providing a contract between a first party and a second party, the contract including: a right of the first party, upon the occurrence of a credit downgrade of a first debt structure, to exercise a put option to receive cash in exchange for the first debt structure from at least one of the second party and a third party. The method further includes determining, by a computer system, that the credit downgrade of the first debt structure occurred. The method further includes providing, by the computer system, the cash to the first party for the first debt structure. Finally, the method includes providing, by the computer system, the first debt structure to the at least one of the second party and the third party. | 08-28-2014 |
20140244471 | METHOD AND SYSTEM FOR MATCHING SHORT TRADING POSITIONS WITH LONG TRADING POSITIONS - A system and method for automatically matching short and long positions of participants and automatically generating repurchase agreements (“repo”) and reverse repurchase agreements (“reverse repo”). The system and method provide trading anonymity and various filtering options for the members. | 08-28-2014 |
20140244472 | CROSS-CURRENCY IMPLIED SPREADS - A system can include a first computer hardware means for identifying a first available order book for a first available product listed on an exchange and a second available order book for a second available product listed on the exchange, the first available product comprising a first component and the second available product comprising a second component, the first and the second components being part of a new product. The system can also include a second computer hardware means for generating a new order book for the new product based on the first and second available products. The system can also include a third computer hardware means for causing the new product to be listed on the exchange such that subsequently received orders to buy or sell the new product are matched based on the new order book or entered into the new order book. | 08-28-2014 |
20140244473 | SYSTEM AND METHODS FOR MATCHING ELECTRONIC PROPOSALS TO ELECTRONIC REQUESTS - A system for receiving bid requests and bid proposals sent thereto over a data-packet-network (DPN) and for matching the bid proposals to the bid requests includes at least one input/output port for receiving the bid requests and the bid proposals, at least one memory utility for storing the bid requests and bid proposals, and a set of machine readable instructions for enabling matching of the stored bid proposals to the stored bid requests. | 08-28-2014 |
20140244474 | AUTOMATED TRADING SYSTEM AND METHODOLOGY FOR REALTIME IDENTIFICATION OF STATISTICAL ARBITRAGE MARKET OPPORTUNITIES - A program for identifying and automatically acting on statistical arbitrage opportunities between related equities and contracts. The present invention describes an improved technique to perform statistical-pairs arbitraging in a dynamic marketplace with less risk than prior art approaches. The present invention employs an array of recent data and performance ratios involving bid and ask prices for correlated items, such as stocks. | 08-28-2014 |
20140244475 | METHOD AND SYSTEM FOR CREATING AN ISSUANCE BASED SECURITIES INDEX - A method and system to create an issuance based securities index for a period i is provided for constructing a transparent and cost-efficient securities index. The method and system to create an issuance based securities index considers historical issuance notional and historical issuance distance for each security to be used for index construction purposes so as to determine the expected allocation weight as well as index allocation for each respective security. The method and system to construct an issuance based securities index further only considers securities for inclusion within the issuance based securities index at their time of issuance. The method and system to create an issuance based securities index is performed via a number of steps by deriving issuance cycle, notional weight, expected allocation cycle, allocation weight and index allocation. These values are applied into a statistical formula to calculate the index value of the issuance based securities index. | 08-28-2014 |
20140249979 | ENHANCING THE HANDLING SPEED OF ELECTRONIC FINANCIAL SERVICES MESSAGES - Handling is expedited for electronic financial service messages, particularly those destined for an exchange | 09-04-2014 |
20140249980 | SYSTEM AND METHOD FOR A TRADING INTERFACE INCORPORATING A CHART - A graphical interface and method are provided for displaying market information corresponding to a tradeable object. One graphical interface includes a chart region for displaying historical market data in relation to a first value axis, and a market grid region in alignment with the chart region. The market grid region comprises a plurality of areas for receiving commands from a user input device to send trade orders, and the areas are displayed in relation to a second value axis. A plurality of values displayed along the second value axis is a subset of values displayed in relation to the first value axis, and can be modified to a new plurality of values that corresponds to a new subset of values on the first value axis. | 09-04-2014 |
20140249981 | DISTRIBUTION OF ELECTRONIC MARKET DATA - A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial. | 09-04-2014 |
20140249982 | Medium for Brokering Tax Liens - A computer-readable storage medium is presented for brokering tax liens in a way that calculates, in a loan agreement, an amount of an advance on new tax liens by subtracting a note balance from the product of an amount of total eligible tax liens and an advance rate. One signatory party can guarantee the re-purchase of unredeemed tax liens upon expiration of an agreed-upon deadline. The loan agreement can be periodically renewed by replacing the oldest tax liens with new tax liens for a recomputed purchase price on a new basis. The signatures of all parties to the loan agreement are then secured. | 09-04-2014 |
20140249983 | Securitization of a Commercial Transaction - A method and apparatus for generating a tradable security includes confirming a vendor's compliance with predefined terms of a commercial transaction, such that a buyer is obligated to make a due payment. The method and apparatus further includes electronically rating a financial commitment relating to a receivable account for the commercial transaction. This receivable account is rated based on conditions and factors known to a system facilitating the commercial transaction. Based on the ability for the financial commitment to be rated, a financial exchange is operative to transfer entitlement rights to monies due under the receivable account where the terms for the transfer of the entitlement rights are based at least in part on the electronic rating. Thereby, receivable accounts to commercial transactions may be tradable by one or more investors as properly rated investment. | 09-04-2014 |
20140249984 | SYSTEM AND METHOD FOR DISPLAYING HIGHEST AND LOWEST TRADED PRICES OF TRADABLE OBJECTS - A client terminal displays on a graphical interface a first indicator of a price associated with a lowest traded price of a tradable object during a predetermined period of time, a second indicator of a price associated with a highest traded price of the tradable object during the predetermined period of time, along with at least one quantity indicator associated with at least one order to buy/order the tradable object. The first indicator, the second indicator, and the at least one quantity indicator are displayed in relation to a static axis of price, and the client terminal dynamically updates the first and second indicator to new lowest and highest traded prices based on market updates received from an exchange. | 09-04-2014 |
20140249985 | CREATING AND MAINTAINING A PAYOUT-READY PORTFOLIO WITHIN AN INVESTMENT PLAN TO GENERATE A SUSTAINABLE INCOME STREAM - Financial advisory methods and systems for creating a steady lifetime income stream within an investment plan is provided. According to one embodiment, a feasible, personalized pattern of periodic cash payouts from an investment plan is structured to achieve level annual income during a payout period when combined with other income sources. A mapping is maintained of fixed income investments from a limited universe of financial products available within the investment plan to corresponding constant maturity Treasury bond (CMT) weights. Based on the mapping, a payout program is designed that is expected to generate a stream of income sufficient to fund the cash payouts by determining an appropriate allocation of assets within the investment plan among the fixed income investments. A payout portfolio is formed within the investment plan including holdings in the fixed income investments in accordance with the determined appropriate allocation. The cash payouts are paid to the investor. | 09-04-2014 |
20140249986 | SYSTEM AND METHOD FOR SECONDARY MARKET GIFT CARD AUCTIONS - Disclosed herein are systems, methods, and non-transitory computer-readable storage media for auctioning gift cards on the secondary market. The system can receive a prepaid debit account for resale from an owner and determine a face value for the prepaid debit account. The system can establish a floor price and offer the prepaid debit account for sale via an auction, starting at an initial price above the floor price and up to and including the face value, and can decrement the sale price at regular time intervals. The system can end the auction when a purchaser purchases the prepaid debit account at the decremented price. However, if no purchaser purchases the prepaid debit account before the decremented price is below the floor price, the system can purchase the prepaid debit account from the owner for the floor price. The system can store the prepaid debit account in an inventory for resale. | 09-04-2014 |
20140249987 | Synthetic Funds Having Structured Notes - The present invention relates to synthetic funds for purchase by investors. A structured note is structured to provide customized equity returns/exposure. Terms of each structured note may be specified by the purchaser and the structured notes may be unsecured liabilities of the obligor, e.g., there are no underlying assets upon which the structure note is based. Thus, there will be no limits on the use of structured note proceeds and management of assets and liabilities will be left entirely to the obligor's discretion. Structured note payment obligations may be related to the performance of an objective valuation, but structured note holders will depend on the good credit of the obligor for payment. | 09-04-2014 |
20140249988 | Synthetic Funds Having Structured Notes - The present invention relates to synthetic funds for purchase by investors. A structured note is structured to provide customized equity returns/exposure. Terms of each structured note may be specified by the purchaser and the structured notes may be unsecured liabilities of the obligor, e.g., there are no underlying assets upon which the structure note is based. Thus, there will be no limits on the use of structured note proceeds and management of assets and liabilities will be left entirely to the obligor's discretion. Structured note payment obligations may be related to the performance of an objective valuation, but structured note holders will depend on the good credit of the obligor for payment. | 09-04-2014 |
20140249989 | TRADING INTERFACE FOR FACILITATING TRADING OF MULTIPLE TRADEABLE OBJECTS IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for trading multiple tradeable objects. One example method includes displaying at least one combined quantity indicator representing a combined quantity associated with at least two tradeable objects, detecting an input associated with an order for a predetermined order quantity in relation to one of the combined quantity indicators, and allocating the order quantity between the at least two tradeable objects using at least one quantity allocation rule. In one example embodiment, a plurality of quantity allocation rules can be user-configurable, and different rules can be defined and applied in relation to different order types. | 09-04-2014 |
20140249990 | USER INTERFACE FOR SEMI-FUNGIBLE TRADING - A user interface and method are disclosed for providing trading between a plurality of semi-fungible and non-fungible goods. A plurality of book axes are displayed in a single interface, each book axis representing a market for a particular good. Orders for goods are displayed as marks on the axes to display the relative value of the orders. A value axis is provided that relates the value of the goods from each market to each other. Thus, a single interface provides the means to relate the values of different semi-fungible goods. The value axis may be displayed in units of price, or a custom value designated by a user or pre-defined by the interface. Quantity information is represented in the interface through the display of a dimension of an order icon. Precise information about each order is displayed either in a panel view or a pop-up window. | 09-04-2014 |
20140258065 | COMMODITY CONTRACTS DELIVERY ALLOCATION - For each of in source locations, a number of commodity contract short positions may be determined. Each of the short positions may correspond to an obligation of a short position holder to make delivery of a commodity within a predefined time period, and may further correspond to one of the in source locations. For each of n destination locations, a number of commodity contract long positions may be determined. Each of the long positions may correspond to an obligation of the long position holder to receive delivery of the commodity within the predefined time period, and may further correspond to one of the n destination locations. Short and long positions may be allocated among each of one or more of the source-destination pairs. | 09-11-2014 |
20140258066 | Method for Automating Trend Qualification and Anchored Support/Resistance - A method for determining swing points on any and all unfettered exchanges where price and volume data are collected and published. A method for determining support and resistance bars from the same data source. A process whereby swing points and support and resistance bars are examined to determine and qualify trends, to create support and resistance anchor zones, trend and trade probability failure rates, trading signals and derivative indicators based on qualified trend. Methods for the displaying this information through a trading cube, neoclassical charts, trend transition tables, and support and resistance zones. | 09-11-2014 |
20140258067 | SYSTEM AND METHOD FOR FINANCIAL DATA GAP DETECTION - A system and method provides for the detection of at least one gap in a value distribution for a security across a time period. The system and method receives value data for the security indicating high and low value data points. For each time interval, the system and method compares the value data for a first interval with the value data for a second interval to detect potential gap data. The method and system compares the potential gap data against future time intervals to detect value data within the potential gap data to determine actual gap data when value data for future time intervals is outside the potential gap data. The method and system computationally assembles and displays the value data actual gap data over the time period. | 09-11-2014 |
20140258068 | SYSTEM AND METHOD FOR SEQUENTIAL COUNT VISUAL INDICATOR - A system and method provides for analysis and graphical display of a sequential counter for financial data. The system and method includes receiving a plurality of financial data relating to an equity, the financial data including value data of the equity over a plurality of time intervals and selecting a counting algorithm from a plurality of algorithms, for application to the financial data. The system and method further includes detecting a plurality of value steps within financial data, the value steps determined based on parameters of the counting algorithm and performing a sequential counting of the value steps based on the counting algorithm. The method and system further generates a user recommendation for the equity based on the counting and generates a graphical display including the financial data, a secondary display of the sequential counting of the value steps adjacent to the financial data, and the user recommendation. | 09-11-2014 |
20140258069 | System and Method for Changing the View of a Trading Screen - A trading screen displays market information, such as working orders, buy and sell orders, and other items of interest, in association with values on a value axis. Each item of interest is therefore displayed in relation to the value axis to provide a trader with an intuitive display of the market. In one embodiment, a user can select a location associated with a particular value on the trading screen and upon an selection, for example, by a click of the mouse button, the value axis is repositioned so that the selected value is moved to a predefined location. During which, market information is moved to new locations that are associated with their respective values on the value axis. | 09-11-2014 |
20140258070 | METHOD AND SYSTEM FOR ADMINISTERING THE HEDGING OF AN EMPLOYEE DEFERRED COMPENSATION PLAN USING SWAPS - A method and system for administering the hedging of an employee deferred compensation plan, e.g., which employs hedging of NQDC plan liabilities using total return swaps and/or put and call options and/or forwards, for tax purposes. A plan coordinator coordinates a transfer of information between an employer/plan sponsor, a plan administrator that communicates with the employees/plan participants, and a balance sheet provider. The plan coordinator receives and reconciles data and then calculates and modifies relevant information for tax purposes and use in reports that are provided to the plan sponsor and balance sheet provider. Calculations and modifications lot tax purposes allow the plan sponsor to reap tax benefits from the NQDC plan swap hedge. The reports include an upcoming transactions report, which indicates new compensation deferrals, reallocations of previously deferred compensation among specified indices, and withdrawals. | 09-11-2014 |
20140258071 | METHOD AND SYSTEM FOR CREATING AND TRADING SELLER-PAID MARGIN DERIVATIVE INVESTMENT INSTRUMENTS - Systems and methods for creating, disseminating and managing margin for a seller-advanced margin derivative investment instrument are disclosed. In one aspect, a seller-advanced margin derivative investment instrument is defined where a seller pre-pays a margin requirement that a buyer typically pays initially as required by an exchange. In another aspect, a collateral management service associated with a clearing entity for an exchange identifies, tracks and notifies seller and buyer clearing firms of margin charges and credits relating to seller-advanced margin derivative investment instruments. | 09-11-2014 |
20140258072 | METHODS, SYSTEMS, AND MEDIA FOR EXECUTING TRADES IN FINANCIAL INSTRUMENTS - A central counterparty receives a contract having transaction terms associated with an interest rate swap (IRS) and a position of a security, the transaction terms including an expiration date. Upon the expiration date and in a case of a physical settlement of the contract the IRS is generated based on the transaction terms. The central counterparty facilitates delivery of the security from a second counterparty to a first counterparty and starting on a specified date after the expiration date, receives payment of a fixed side of the IRS from the first counterparty, pays the fixed side of the IRS to the second counterparty, receives a floating side of the IRS from the second counterparty, and pays the floating side of the IRS to the first counterparty. In a case of a cash settlement of the contract and upon a specified date after the expiration date the contract is cash settled based on a market value of the contract. | 09-11-2014 |
20140258073 | CURRENCY EXCHANGE METHOD - A plurality of customers are connected via their work stations | 09-11-2014 |
20140258074 | Zero Coupon Conversion Factor Calculation - The disclosed embodiments relate to a system which calculates a conversion factor (CF) based upon a zero percent (0%) futures contract standard. The zero percent futures contract standard may be used in the context of futures or forwards based upon coupon bearing debt securities including Treasuries, Treasury Inflation Protected Securities (TIPS), agencies, corporates, municipals, or any fixed income security. The system also facilitates listing, trading, and settlement of an interest rate futures contract that sets forth such a zero percent futures contract standard. The system may be configured for both interest rate futures contracts utilizing a nonzero percent futures contract standard and interest rate futures contract utilizing a zero percent futures contract standard. The system may be configured to calculate an invoice amount for the interest rate futures contract to be paid in exchange for the delivery of the one of the set of eligible interest rate or debt securities and instruments. | 09-11-2014 |
20140258075 | SYSTEM AND METHODS FOR MONITORING CREDIT OF TRADING COUNTERPARTIES - Systems and methods are provided which monitor trades entered into and cleared by counterparties, track the net and gross positions of counterparties and the counterparties' parent entities, trigger warnings when counterparties or their parent entities exceed a warning limit, and shut-off counterparties' trading ability when counterparties exceed a credit limit. An operator of a credit system using these systems and methods is provided with a variety of interfaces through which the operator can set up new counterparties, search a list of counterparties, view and edit basic information for counterparties, view financial information for counterparties, view and edit notes regarding to counterparties, view and edit limits of counterparties, view position versus limit information for counterparties, view the current day's position information for counterparties, and view cumulative position information for counterparties. | 09-11-2014 |
20140258076 | Syndication Loan Administration and Processing System - A loan syndication tracking and management system and method provides a user with access to specific details related to a syndicated loan. The system and method coordinates investor, borrower and resource information, in addition to features related to the overall structure of a syndicated loan. Users access the system with various levels of permissions to view, add, update or delete information according to their allotted permissions. The system permits multiple users to access the information for efficient handling of approvals and requests related to multiple investors and borrowers, in addition to handling institution interchanges and notifications. The system and method keeps a record of all transactions and changes for review, reporting or regulatory purposes. The administration of a syndicated loan transaction is simplified while providing advanced features such as support for loan trading. | 09-11-2014 |
20140258077 | SYSTEM AND METHOD FOR PERFORMING AUTOMATIC SPREAD TRADING - The present embodiments are provided to facilitate the automatic trading of spreads in a fast and accurate manner. One or more market data feeds that contain market information for tradable objects are received at an exchange. A spread data feed is generated in response to the market data feeds and from one or more spread setting parameters, which can be entered by a user. The spread data feed is preferably displayed in a spread window as bid and ask quantities associated with an axis or scale of prices. The user can enter orders in the spread window and the legs will be automatically worked to achieve, or attempt to achieve, the spread. In addition, other tools disclosed herein may be utilized to assist the user in making such trades. | 09-11-2014 |
20140258078 | CONTROLLING TRADERS FROM MANIPULATING ELECTRONIC TRADING MARKETS - Systems and methods are provided to control gaming in electronic trading markets. These systems and methods alleviate the problem of a seller or buyer trying to act on a trader's original bid or offer only to trade at an unfavorable level after the trader changes the bid or offer. A pricing method suspends trading for a period of time if a price difference between two bids or offers by the same trader is too great. A timing method prevents a trader from canceling or replacing a bid or offer for a period of time. These methods provide a more fair and efficient way of executing electronic trades. | 09-11-2014 |
20140258079 | System and Method for Automatic Scalping a Tradeable Object in an Electronic Trading Environment - A system and methods for automatic scalping in an electronic trading environment are presented. According to one embodiment, a trading application may display an indicator associated with a price level based on which a tradable object can be automatically traded. When a scalping application detects a fill associated with a first order, the scalping application may automatically enter a second order to offset a position created with the first order. According to one embodiment, the second order is automatically placed on the market when the inside market moves to a predetermined price level in relation to the displayed indicator. | 09-11-2014 |
20140258080 | METHOD AND SYSTEM FOR TRADING OPTIONS - Device, system and method of trading an option. A method may include executing, by a computing device, at least one transaction of an option on an underlying asset using at least one of a bid price and an offer price, wherein a bid/offer spread between the bid price and offer price is the result of a calculation using first data corresponding to at least one parameter defining the option and second data corresponding to at least one current market condition relating to the underlying asset. | 09-11-2014 |
20140258081 | INFORMATION PROCESSING APPARATUS, SERVER APPARATUS, POWER TRADING SETTLEMENT SYSTEM, SETTLEMENT METHOD FOR POWER TRADING, AND INFORMATION PROCESSING METHOD - Provided is an information processing apparatus including a read/write unit configured so as to be capable of reading, via contactless communication, electronic money information from an IC card capable of storing the electronic money information or an electronic appliance equipped with functions of the IC card and of writing the electronic money information into the IC card or the electronic appliance, and a settlement processing unit configured to write electronic money information of a fee in accordance with a power sale amount via the read/write unit into the IC card or the electronic appliance immediately after conclusion of a power sale contract. | 09-11-2014 |
20140279337 | SYSTEMS AND METHODS FOR BUNDLING DIAMONDS INTO VALUED GROUPINGS - This disclosure relates to systems for bundling diamonds and determining a relative value of the diamonds within the bundle and the value of the bundle. Also described are methods for using the determined relative diamond values in diamond transactions and contracts. | 09-18-2014 |
20140279338 | STANDARD DIAMOND PARCEL CERTIFICATION FOR EXCHANGE TRADED FUNDS - Standard Diamond Parcels (SDPs) are certified for use in Exchange Traded Funds (ETFs). Three SDP colour types, Luxury, Premium and Privilege along with seven weight ranges simplify the complexity of diamond trading into twenty one different types of SDPs. Each SDP has ten diamonds, each diamond having a different colour/clarity combination. An SDP certification device, method and durable, non-transitory computer readable storage medium assures the characteristic of the diamonds in of each SDP type have a uniform valuation even though characteristics of the individual diamonds in each SDP may vary. One or more SDP may be grouped for use in an EFT unit. | 09-18-2014 |
20140279339 | Method and Apparatus for a Composite Trading Exchange System - A method and apparatus of a composite exchange for the trading of instruments under multiple types of rules is described. Participants in the composite exchange use known trading rules that are processed in a fair manner. This ensures that liquidity on the composite exchange is maximized while trading remains fair to all parties. | 09-18-2014 |
20140279340 | MECHANISM FOR ELIMINATING NEGATIVE SELECTION FROM ASYMMETRIC INFORMATION LATENCY - The present invention provides a mechanism to control exposure to latency induced negative trade selection in an anonymous fashion without the need for classification, characterization, or exclusion of potential trading counterparties. | 09-18-2014 |
20140279341 | METHOD AND SYSTEM TO UTILIZE AN INTRA-BODY AREA NETWORK - An intra-body area network (IBAN) is described. An IBAN comprises a plurality of electronic sensing devices. Each from the plurality of electronic sensing devices is embedded in an item that is wearable by the user. The plurality of sensing devices collect respective different types of information and may communicate with each other, as well as with a smart phone of the user. | 09-18-2014 |
20140279342 | System and Method for Processing Quotes Using an Integrated Circuit - Systems, methods, and computer programs for receiving and processing messages for a financial exchange comprising a matcher server integrated circuit such as an FPGA or ASIC component configured to receive and process information associated with a financial instrument operatively connected to the matcher server, wherein the integrated circuit component is configured to receive and store a plurality of messages from at least one computer server, each message of the plurality of messages being comprised of at least one message type. | 09-18-2014 |
20140279343 | STREAMING PRODUCTION OF AGRICULTURAL COMMODITIES - A novel method for financing in production of agricultural commodities. A contractual framework between the agricultural producer and a capital provider is defined by consideration of a minimum guaranteed yield and net price for the crop within a particular crop season. Before the commencement of a crop growing season, the parameters of a crop cycle including a guaranteed minimum yield and a net price are generated by a crop production computer software program, and are agreed between the farmer and the capital provider. During the growing season the capital provider pays for all of the required crop inputs while the farmer grows the crop. At the conclusion of the growing season, the farmer delivers the crop production to the capital provider and is paid the agreed net price in respect of the complete volume produced, hedged by the guaranteed minimum yield. The net payment due to the farmer can also be calculated by the crop production computer software. | 09-18-2014 |
20140279344 | METHODS AND SYSTEM FOR SHOWING PERSPECTIVE IN MARKET DATA - Methods and systems are disclosed for providing perspective to market data. A disaggregated view of market data may be generated from aggregated market data. Portions of disaggregated market data are emphasized to indicate important information (e.g., trading patterns, the number of orders or traders in the market at a given time or at a given price, the sequence of the orders at a given price, the trader's respective number of order entries, and or other user-defined characteristics associated with individual or groups of market orders) using a variety of techniques. Order entry techniques and other features are described herein. | 09-18-2014 |
20140279345 | Charting Multiple Markets - The present embodiments relate to charting multiple markets. In some embodiments, charting multiple markets may include receiving market data for a plurality of tradeable objects. The plurality of tradeable objects may include an anchor object and at least one non-anchor object. The market data may include anchor object price data for the anchor object and non-anchor price data for the at least one non-anchor object. The non-anchor object price data may be converted based on the anchor object price data such that converted non-anchor object price data has a price scale of the anchor object price data. The anchor object price data and the non-anchor object price data may be displayed along a normalized price axis. | 09-18-2014 |
20140279346 | SYSTEMS AND METHODS FOR MODIFYING RELATED GROUPS OF OFFERINGS AND/OR ASPECTS OF OFFERINGS - The invention generally relates to systems, methods and/or programmed products that can be used for configuring and/or modifying offerings as well as aspects of offerings using participated and/or accepted offer units, related groups of offer units, variables associated with groups of offer units, pricing scales, premiums, discounts, and/or discounts based on aggregated accepted volume, to name a few. The configurable and/or modifiable offerings can include one or more groups of offerings comprising a plurality of offer units. When all of the offer units are participated and/or accepted, then participated and/or accepted offer units at a lower price point and/or having a less desirable variable can be replaced by other accepted for requests to participate having a higher price point and/or more desirable variable. | 09-18-2014 |
20140279347 | SYSTEMS AND METHODS FOR CONFIGURING AND MODIFYING OFFERINGS AFFILIATED WITH CONDITIONAL OPTIONS AND/OR ASPECTS OF OFFERINGS - The invention generally relates to systems, methods and/or programmed products that can be used for configuring and/or modifying offerings as well as aspects of offerings using participated and/or accepted offer units, related groups of offer units, variables associated with groups of offer units, pricing scales, premiums, discounts, and/or discounts based on aggregated accepted volume, to name a few. The configurable and/or modifiable offerings can include one or more groups of offerings comprising a plurality of offer units. When all of the offer units are participated and/or accepted, then participated and/or accepted offer units at a lower price point and/or having a less desirable variable can be replaced by other accepted for requests to participate having a higher price point and/or more desirable variable. | 09-18-2014 |
20140279348 | TRADING INTERFACE FOR SINGLE-CLICK OPEN ORDER CANCEL-REPLACE - Methods, systems, and apparatuses, including computer programs encoded on computer-readable media, for requesting one or more open orders from a trading platform and sending to a client. Price data for at least one of the one or more orders is requested and sent to the client. A limit price for a first open order from the one or more open orders is received and a new order request is built. The order request is based at least on the first open order and the limit price. A cancel order request is built based at least on the first open order. A cancel-replace request is send to the trading platform. The cancel-replace request is based at least on the new order request and the cancel order request. The trading platform cancels an open order and opens a new order based on the cancel-replace request. | 09-18-2014 |
20140279349 | DEVICE, SYSTEM, METHOD, AND COMPUTER MEDIUM FOR PROVIDING PRICE EVALUATION ON FIXED-INCOME SECURITIES IN ODD LOT MARKET AND IMPROVING MARKET CONFIDENCE REGARDING THE SAME - A method, device, system, and computer medium for providing odd lot pricing evaluation of a security using market-acceptable odd lot pricing range (OLP range) are provided. For example, a price quote for an odd lot transaction or potential transaction of a security is received. An Odd Lot Pricing range (OLP range) for the quote is searched. If the OLP range is found for the quote, the quoted price is compared against the OLP range. Based on the comparison, the quote can be verified or indicated as requiring further review. | 09-18-2014 |
20140279350 | TRADING INTERFACE FOR STOP PROTECTION ON OPEN TRADES - Methods, systems, and apparatuses, including computer programs encoded on computer-readable media, for receiving a create order request from a client. Building a fill order request based on the create order request and comprising a security identifier and a quantity. Extracting a conditional order price from the create order request. Building a conditional order request based on the fill order request and the conditional order price. Sending an open order request to the trading platform, the open order request comprising the fill order request and the conditional order request, wherein the trading platform creates a fill order and a conditional order based on the open order request. | 09-18-2014 |
20140279351 | REPO ETF SYSTEM, AND METHOD - In one embodiment, a method for electronically trading shares of an exchange-traded fund over a network including one or more processors, the fund being a counterparty to one or more repurchasing parties in a repurchase agreement, includes receiving order data from one or more investors relating to a trade of shares of the fund. The method also includes matching the fund with the one or more repurchasing parties. The method additionally includes receiving securities data from the one or more repurchasing parties, and allocating the related securities to be used as collateral applied to the fund. The method additionally includes sending securities payment data for the securities to the one or more repurchasing parties. The method further includes receiving repurchase payment data from the one or more repurchasing parties to repurchase the securities used as collateral, and sending the securities data to the one or more repurchasing parties. | 09-18-2014 |
20140279352 | SYSTEM AND METHODS OF PROVIDING A FUNGIBLE CONSUMER SERVICES MARKETPLACE - The invention generally pertains to computer software and methods, and more generally pertains a system for, and methods of providing, a fungible services marketplace. The system and methods are useful in providing markets for consumer services. | 09-18-2014 |
20140279353 | C2EX Compute Commodities Exchange - A system for exchanging cloud computing resources in a market has a central computer, a client computer, at least one database containing a list of available cloud computing resources and a list of suppliers. Software executes on the central computer for receiving a request for a specific resource from the client computer. The central computer matches the request for a specific resource to the list of available resources. The central computer provides to the client computer a list of available resources that matches the request for a specific resource. The central computer then receives a buy request from a consumer of the specific resource and sends the request to a supplier of the specific resource. | 09-18-2014 |
20140279354 | SYSTEM AND METHOD FOR PRICE-BASED ANNOTATIONS IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method for generating and displaying annotations in relation to one or more prices corresponding to trader-related or market related events are described. In one embodiment, a trader may enter an annotation to be displayed in relation to one or more price levels. Alternatively, a trader may configure a dynamic annotation to be dynamically displayed in relation to some price level(s) upon detecting a predetermined event related to one or more tradeable objects. Also, a trader may configure one or more alarms to be displayed or played in combination with the annotations. | 09-18-2014 |
20140279355 | DELIVERABLE COMMODITY INVESTMENT VEHICLE - A supply of a commodity is owned by an investment vehicle. A sponsor of the investment vehicle receives a delivery application. A custodian stores the supply of the commodity as a collection of first physical units. A commodity dealer specializing in trading the commodity agrees to conduct trades with the sponsor to convert a first quantity of the supply for a second quantity of the commodity. A broker dealer trades shares of the investment vehicle. The delivery application is provided by a shareholder, and specifies a physical format for the second quantity of the commodity. | 09-18-2014 |
20140279356 | PAIRS TRADING SYSTEM AND METHOD - A trading platform adapted for pairs trading of unrelated securities from one or more asset classes using a single order approach is provided. | 09-18-2014 |
20140279357 | Methods, Systems, and Devices for Managing Financial Toxicity - A system that analyzes toxic flow, retains the toxic flow with a dealer, and rebates all or a partial percentage of the toxic flow to liquidity providers in the market, The system allows clients and dealers can be identified by a number or code, and temporarily retains toxicity with the dealers until a predetermined amount of time and/or number of trades elapses. The dealers can then rebate back to the system any net toxicity beyond a random distribution, and the system can distribute any net toxicity beyond the random distribution to the liquidity providers. Buyers and sellers therefore receive a better price, and liquidity providers can operate with the comfort of knowing that their transactions will involve no toxicity above a random distribution. | 09-18-2014 |
20140279358 | DYNAMIC INSTRUMENT LIMIT BOOK CREATION - The example embodiments may relate to receiving a new market request that requests creation of a market for trading of a new financial instrument, wherein the request identifies an instrument type, quantity, and price, in response to the request, creating a financial instrument based on the instrument type, the quantity, and the price, creating a pricing model, a limit book, and a fill model for the created financial instrument, initializing and binding the created financial instrument, the limit book, the pricing model, and the fill model, and activating the limit book for price discovery and trading of the created financial instrument. | 09-18-2014 |
20140279359 | Fundamental Investor Natural Demand Matching Engine - An inventive fundamental investor natural demand matching engine is disclosed. An electronic processer linked to a network, receives an indication of interest (IOI) specifying a security, a trade direction and an amount. The system attempts to pair the IOI with any previously received contra-indications of interest (c-IOI), i.e., interest in the same security but in the opposite trading direction. If matched then execute a trade. If the IOI is partially, or not, filled, possible interested counterparties are found using data gathered automatically from public records. The identity and estimated trade size of the potential counterparties are transmitted to the IOI submitting party. If interested in any potential counterparties, the submitting party authorizes sending an anonymous extended indication of interest (e-IOI) to them. If the potential counterparty is interested, a mediated negotiation occurs and if successful, a trade. | 09-18-2014 |
20140279360 | FACTOR BASED MATCHING - Methods, systems and computer program products to provide execution quality matching are described. A computer-implemented method may include maintaining a fill ratio for each of a set of buyers based on a set of trading-related attributes, maintaining a fill ratio for each of a set of sellers based on a set of trading-related attributes, receiving a quote from a quote provider, receiving one or more orders from one or more different order providers, determining which of the one or more orders to use when filling the quote, and executing a trade between the quote provider and an order provider. Adjusted prices also may be determined for potential trading partners based on one or more trading-related attributes. Further, the adjusted prices may be used when matching buyers and sellers. | 09-18-2014 |
20140279361 | System and Method for Managing the Charging and Discharging of an Energy Storage Device - Techniques for managing the charging and/or discharging of an energy storage device are disclosed. The techniques include obtaining clearing price data points spanning a plurality of dates and for each date: generating a distribution of the clearing price data points corresponding to the date; determining a lower quantile price point of the distribution based on a capacity of the device and a charge rate of the device; and determining an upper quantile price point of the distribution based on the capacity and a discharge rate of the device. The techniques include selecting a first set of the lower quantile price points from the lower quantiles and a second set of the upper quantile price points from the upper quantiles. The techniques include determining a buy bid based on the first set and a sell bid based on the second set and selectively transmitting the buy bid and/or the sell bid. | 09-18-2014 |
20140279362 | SYSTEMS AND METHODS FOR TRADES PRICED RELATIVE TO A REFERENCE BENCHMARK VALUE ASSOCIATED WITH AN UNDERLYING INDEX FUTURE - According to some embodiments, an indication of a trade priced relative to a reference benchmark value (e.g., a trade at index close transaction) associated with an underlying index future may be received when a basis of the trade is agreed to by parties of the trade. Moreover, the indication may be received at least one day prior to a determination of a final price and quantity of the trade. The trade might create, according to some embodiments, any derivative, such as a future, an option, or a combination of put and call options. The trade may be reported and cleared, and it may then be arranged for the trade to physically settle into the underlying index future. | 09-18-2014 |
20140279363 | METHOD OF INTERACTING WITH POSITION ANALYSIS AND DEVICE FOR DISPLAYING INFORMATION WITH REGARD TO SAME - Methods and systems for interacting with volumetric position analysis by means of graphical, tabular, and summary tools are disclosed. The tools aid users to quickly understand information about a portfolio of trades, and to quickly identify positions that may need to be hedged with financial and/or physical instruments and/or commodities. | 09-18-2014 |
20140279364 | Method and Apparatus for Generating and Operating A Swaps Trading Platform - Methods and apparatuses for generating and operating a swaps execution facility (SEF) compliant swaps trading platform are provided. In one example, a method for generating a SEF compliant swaps trading platform includes: (i) generating a swaps trading platform, wherein the generated swaps trading platform is configured to operate in accordance with a plurality of predefined rules associated with swaps execution facility (SEF) requirements; (ii) establishing one or more communication channels with respective one or more clearinghouses for transmission of clearinghouse information concerning one or more trade requests; and (iii) establishing one or more communication channels with respective one or more swaps data repository (SDR) providers for transmission of SDR information concerning the one or more trade requests. | 09-18-2014 |
20140279365 | Method and Apparatus for Real-Time Benchmarking - Methods and apparatuses for generating continuous benchmark values are provided. In one example, a method for generating continuous benchmark values includes: (i) obtaining a first plurality of rates associated with a currency pair from a plurality of providers during a first period of time; (ii) generating a first benchmark value associated with the currency pair for a first point in time based on the first plurality of rates; (iii) obtaining a second plurality of rates associated with the currency pair from the plurality of providers during a second period of time; and (iv) generating a second benchmark value associated with the currency pair for a second point in time based on the second plurality of rates. | 09-18-2014 |
20140279366 | Method and Apparatus for Generating and Facilitating the Application of Trading Algorithms Across a Multi-Source Liquidity Market - A computer-implemented method is provided for generating one or more trading algorithms, comprising the steps of: (i) generating, via one or more processing units, display data representing a plurality of user configurable trading algorithm parameters; (ii) obtaining, from a user, algorithm parameter information, wherein the algorithm parameter information comprises information defining at least one characteristic of at least one user configurable trading algorithm parameter of the plurality of user configurable trading algorithm parameters; (iii) generating the one or more trading algorithms based, at least in part, on the algorithm parameter information; and (iv) facilitating one or more trades in a liquidity market using the one or more generated trading algorithms. | 09-18-2014 |
20140279367 | Method and System for Calculating and Utilizing Realized Spread in Financial Transactions - A system for generating and utilizing financial trading metrics, comprising: (i) a data-obtaining module configured to obtain raw financial trade data; (ii) a data-normalizing module, operatively connected to the data-obtaining module and configured to convert raw financial-trade data into normalized financial-trade data; and (iii) a metric-generating module, operatively connected to the data-normalizing module and configured to generate financial-trade metrics based on the normalized financial-trade data. | 09-18-2014 |
20140279368 | METHOD AND APPARATUS FOR GCF REPO INDEX INSTRUMENT - A method and system for a GCF repo swap transaction includes generating an index using a limited set of GCF contracts, and using the index value as a value in a GCF repo swap. The index value may be used as a variable or floating value in the swap, or may be used at the fixed value in the swap. | 09-18-2014 |
20140279369 | METHODS, SYSTEMS, AND COMPUTER-READABLE MEDIA FOR AUTOMATING TRADING AND REVERSING OF FINANCIAL TRADES - According to one or more disclosed embodiments, a plurality of data inputs are received from a plurality of information sources regarding one or more investment portfolios. Also, a proposed change to at least one of the investment portfolios is received. Then, it is determined whether the proposed change would cause a deviation from one or more guidelines. When the proposed change causes a deviation from the one or more guidelines, the proposed change is rejected. Otherwise, one or more instructions for executing the proposed change are transmitted. | 09-18-2014 |
20140279370 | METHODS, SYSTEMS, AND COMPUTER-READABLE MEDIA FOR PRODUCING A FIDUCIARY SCORE TO PROVIDE AN INVESTMENT OUTLOOK MODEL - According to one or more disclosed embodiments, a plurality of data inputs is received from a plurality of information sources regarding one or more investment portfolios, and the received plurality of data inputs is processed using a data model. The data derived from the processing of the received plurality of data inputs is then outputted. Also, the outputted data is checked against one or more predetermined guidelines. The data model can thus be continuously optimized in response to the checking of the outputted data against the one or more predetermined guidelines. | 09-18-2014 |
20140279371 | SYSTEM AND METHOD FOR FINANCIAL MATCHING - A trading platform for trading financial instruments, and in particular for clearing odd lots, that provides the ability to receive, manage, match, and supervise orders. In an exemplary embodiment, the trading platform includes computer software modules and provides graphical user interfaces to handle the process of entering orders for desired positions, monitor the status of open positions, and obtain data in connection order requests. The trading platform is also capable of matching orders and sending orders to be executed. | 09-18-2014 |
20140279372 | Method and System for Quantity Entry - A trading screen may include a plurality of next trade quantity regions that comprise a plurality of locations, each location being associated a price on a price axis. The quantities can be entered into the various locations in the next trade quantity regions and the entered quantities can be used as a parameter of a future trade order at the associated price level. The trading screen may also include a plurality of quantity entry regions that are displayed with respect to the price axis. The quantity entry columns may each include plurality of sub-regions or locations corresponding to different price levels in the price axis. The quantity entry columns may be used to specify next traded quantities that may be used in placing orders for tradeable objects. | 09-18-2014 |
20140279373 | SYSTEM AND METHOD FOR PROVIDING HISTORICAL MARKET DATA TO USERS ON A COMPUTER, MOBILE OR HANDHELD DEVICE - The present invention relates to a system and method for providing historical market data in a ladder-like display to users accessing the same through a computer, mobile or handheld device. The method involves the steps of: choosing the financial instrument; inputting the price for which the probable upward and/or downward price points is sought; checking anyone, all, or any combination of the time range boxes; choosing the parameter of displaying the results in the ladder in terms of price or date; aggregating and filtering the information according to the search criteria input by a user; displaying the aggregated/filtered data and information on the user's handheld, mobile or computer device; displaying the price, period, support/resistance and breakout levels for each field horizontally and presenting to users a single spreadsheet-like view of key price levels for global and correlated commodities, indices, currencies and bonds. | 09-18-2014 |
20140279374 | System and Method for Displaying Money Management Information in an Electronic Trading Environment - A system and method for displaying a plurality of profit and risk related indicators are described. A graphical interface displays and dynamically updates a plurality of profit/loss (P/L) indicators including a realized, net, and open indicator. The net and open indicators are based on a trader's net position and a current market level, while the realized indicator is based on trader's buys and sells associated with a tradeable objects. In one embodiment, the plurality of indicators are displayed in relation to a plurality of money management regions defining a maximum order quantity and a maximum net position controlling the trader's trades, so that a trader can quickly determine his current as well as potential money management parameters. The graphical interface may also display a plurality of potential risk/gain indicators in relation to a realized profit indicator so that a trader, before entering an order having a predetermined order quantity, can view a potential risk/gain in entering into a predetermined net position in view of potential market movements. | 09-18-2014 |
20140279375 | METHOD AND DEVICE FOR PROCESSING PRICE AND METHOD AND ELECTRONIC COMMERCE SYSTEM FOR PROCESSING ORDER SHEET - Described are a method and a device for processing price, a method and an electronic commerce system for processing order sheet. The method for processing price includes: obtaining attribute information of a commodity in an electronic commerce system; distributing a charging mark to the commodity according to the attribute information of the commodity; and setting price information corresponding to the charging mark of the commodity according to a predetermined price processing rule. The information price of the commodity is pertinently customized according to the attribute information of the electronic commerce system. The commodity of the electronic commerce system is strong pertinence that price may be adjusted flexibly and efficiently, and an intelligence of the electronic commerce system is improved. | 09-18-2014 |
20140279376 | System and Method for Analyzing and Displaying Security Trade Transactions - Processing and charting security exchange trading and market information shows security traders if current transactions originated as buy orders or sell orders, and simultaneously indicates traded quantity. Security exchange trading information is received that includes the price, volume and time of each trade. In addition, security exchange market information is received from buyers, specifying bide prices and quantities, and from sellers, specifying asking prices and quantities. The security exchange trading and market information is processed simultaneously and displayed as a continuously updated real-time chart depicting the exchange auction process whereby buyers and sellers agree to trade at specified prices, including details of individual transactions. The chart is formed by plotting each trade at the price traded, and for each plot point shows a distinctive icon indication whether the transaction was initiated by a buyer or seller. | 09-18-2014 |
20140279377 | Weather Derivative Volatility Surface Estimation - Systems and methods are provided for determining the volatility of weather derivative option contracts. Volatility levels are initially determined with conventional methods. Unreliable volatility levels are then replaced with futures contracts volatility levels. If the futures contracts volatility levels are not available or appear unreliable, meteorological volatility levels are utilized. The data may be reduced to a three dimensional surface and used when determining margin account requirements. | 09-18-2014 |
20140289086 | Electronic Futures Spread Exchange System And Method - The present invention creates a futures exchange trading futures and futures options spread products. More specifically, the present invention will create a futures exchange that will list a variety of futures and futures options (intra and inter market) spread instruments. These unique spreads will be created from ongoing price discovery generated at global exchanges but then converted into a tradable single currency product at the new exchange. The product will be cash settled and deliverable in the traded currency. | 09-25-2014 |
20140289087 | System and Method for Chart Pattern Recognition and Analysis in an Electronic Trading Environment - A system and method are provided for chart pattern recognition and analysis. In one embodiment, a graphical interface is provided to enable a trader to select a portion of a chart to be used in the chart pattern analysis. The pattern of the selected portion of the chart could then be used to find one or more similar chart patterns in a user-defined timeframe, such as any future time period or a time period in the past. When a reoccurring chart pattern is found in any future time period, an alert signal can be generated to alert a user of a possibility of the chart pattern reoccurrence. Alternatively, chart pattern matches can be found in a time period in the past, and a set of studies can be applied to the found matches to generate a set of reoccurring indicator values. The reoccurring indicator values can be used in combination with the chart pattern to detect any similar chart patterns in the future. | 09-25-2014 |
20140289088 | LOAN SYSTEM, CREDIT INFORMATION GENERATING DEVICE, LOAN DETERMINING DEVICE AND LOAN CONDITION DETERMINING METHOD - A loan system includes a loan determining device configured to determine a loan condition, and a credit information generating device configured to provide credit information of a store, which applies for a loan, to the loan determining device. The credit information generating device includes a storage unit that stores store operation result data including accumulation of latest data generated along with a store operation, a score data generating unit configured to generate score data of the store based on the store operation result data in a predetermined period, and a credit information generating unit configured to generate credit information of the store based on the score data. The loan determining device includes a credit information obtaining unit configured to obtain the credit information of the store, and a loan condition determining unit configured to determine a loan condition to the store based on the credit information of the store. | 09-25-2014 |
20140289089 | SYSTEMS AND METHODS FOR DELIVERING TRADE AGREEMENT PERFORMANCE - Systems and methods for the inception, management and settlement of trade agreements are provided. The technology network platform provides for the effective delivery of all key requirements in the complete life cycle of foodservice trade agreements in one standardized system. The network will provide process discipline from inception to settlement replacing thousands of activities currently undertaken independently by foodservice supply chain participants. | 09-25-2014 |
20140289090 | SYSTEMS AND METHODS FOR CONFIGURING AND MODIFYING OFFERINGS AND/OR ASPECTS OF OFFERINGS - Systems, methods and/or programmed products that can be used for configuring and/or modifying offerings as well as aspects of offerings using participated and/or accepted offer units, related groups of offer units, variables associated with groups of offer units, pricing scales, premiums, discounts, and/or discounts based on aggregated accepted volume, to name a few. The configurable and/or modifiable offerings can include one or more groups of offerings comprising a plurality of offer units. When all of the offer units are participated and/or accepted, then participated and/or accepted offer units at a lower price point and/or having a less desirable variable can be replaced by other accepted for requests to participate having a higher price point and/or more desirable variable. | 09-25-2014 |
20140289091 | Method and System for Generating and Operating Hybrid Markets and User-Defined Marketplaces - A system is provided for facilitating trading of financial instruments, comprising: (i) a requester module configured to obtain request for quotation (RFQ) information from one or more requesting users, the RFQ information comprising terms of a request for quotation; (ii) a responder module operatively connected to the requester module, the responder module configured to obtain response information from one or more responding users; (iii) a contract generation module operatively connected to the requester module and the responder module, wherein the contract generation module is configured to generate contracts to trade financial instruments based on the RFQ information and the response information; (iii) an interface module operatively connected to the requester module, the responder module, and the contract generation model, wherein the interface module is configured obtain order information based on the contracts trade financial instruments, from one or more qualifying users; and (iv) a transaction module configured to execute trades based on the contracts to trade financial instruments. | 09-25-2014 |
20140289092 | CARBON BOND FINANCIAL SYSTEM AND METHOD FOR REDUCING GREEN HOUSE GASES AND CARBON FOOTPRINT - A computer implemented method for creating and selling carbon bonds which allow bond purchasers to offset and reduce their respective carbon footprint, by establishing one or more carbon bonds by a selling entity; registering the carbon bonds in a purchaser database on a networked server via a web-based platform; registering bond purchasers in the purchaser database on the networked server; accessing the registered carbon bonds by the bond purchasers via a first communication interface on the web-based platform and comparing the bonds; based on the comparison the bond purchaser purchases the carbon bond and transfers purchasing funds to the selling entity creating a loan pool of funds; registering borrowers in a borrower's database on the networked server who need developing funds for energy efficient and renewable energy projects; comparing projects by the selling entity via a second communication interface on the web-based platform; based on the comparison the selling entity selects a project and lends a portion of the loan pool of funds to the selected borrower for developing funds, wherein the selected borrower repays the selling entity principal plus interest wherein turn the selling entity repays the bond purchaser principal plus interest. | 09-25-2014 |
20140289093 | System and Method for Online Trading Using an Electronic Spreadsheet - A system and method for receiving streamed, real time quotes with respect to financial instruments. The system applies a spreadsheet based investment strategy to the real time quotes, generating electronic orders based on the results of the investment strategy analysis and transmitting the orders for real time execution. The system generates a unique order identifier that allows users to actively track the status of orders in real time. This unique order identifiers can be shared with other users so that other trading strategies can be developed to execute upon the successful execution of the order (e.g., hedging). | 09-25-2014 |
20140289094 | Wire Speed Monitoring and Control of Electronic Financial Transactions - An in-line hardware message filter device inspects incoming securities transactions. The invention is implemented as an integrated circuit (IC) device which contains computer code in the form of on-chip hardware instructions. Data messages comprising orders enter the device in exchange-specific formats. Messages that satisfy pre-determined risk assessment filters are allowed to pass through the device to the appropriate securities exchange for execution. The system functions as a passive device for all legitimate network traffic passing directly or indirectly between a customer's computer and a securities exchange's order-acceptance computer. Advantageously, the invention allows the broker-dealer to check and pass messages or orders as they come through the system without having to store the full message before making a risk assessment decision. The hardware-only nature of the invention serves to maximize the speed of order validation and to perform pre-trade checks in a cut-through or store-and-forward mode. | 09-25-2014 |
20140289095 | METHOD AND SYSTEM FOR CALCULATING AN INTRADAY INDICATIVE VALUE OF LEVERAGED BULLISH AND BEARISH EXCHANGE TRADED FUNDS - A computer implemented method, system, and software for calculating and using an intraday indicative value of a leveraged Bullish or Bearish exchange traded fund (“ETF”) for arbitrage purposes, includes calculating an intraday current value of all the equity securities in the ETF (applicable only to Bullish ETFs), calculating mark to market gains or losses of at least one derivative product, and retrieving an accumulated loss or gain of the at least one derivative product and other cash equivalent amounts. The intraday indicative value of the ETF is determined by combining the calculated intraday current value of all the equity securities (applicable only to Bullish ETFs), the accumulated loss or gain, the mark to market gains of the at least one derivative product and other cash equivalent amounts. The determined intraday value of the ETF is used, by a party, for arbitrage purposes. | 09-25-2014 |
20140289096 | SYSTEMS AND METHODS FOR PROVIDING SHARE ASSESSMENT DATA WITH COMPOUND QUALITY ANALYSIS - A computer-implemented method for providing share assessment data, the method including:
| 09-25-2014 |
20140297495 | Multidimensional risk analysis - Certain embodiments of the present invention relate to dynamically displaying multiple market risk categories for each of at least one time frames in real time, wherein, each of the multiple market risk categories comprises at least one market risk dimension, dynamically assessing within each of the various market risk categories based upon at least one or more of multiple risk dimensions, dynamically designating various aggregate combinations of market risks for each of at least one time frames in real time in response to said dynamically assessing within each of the various market risk categories, and dynamically forecasting possible Bullish Believer or Bearish Believer direction or Neutral Believer direction with an assigned category of risk in response to said dynamically designating the various aggregate combinations of market risks. Certain embodiments of these methods and systems can be applied to the financial markets, such as stocks, commodities, futures, options, foreign currencies, ETFs, ETNs, etc. | 10-02-2014 |
20140297496 | GENERATING A PROBABILITY ADJUSTED DISCOUNT FOR LACK OF MARKETABILITY - A method, system, and medium are provided for generating a probability adjusted discount for lack of marketability (DLOM) for an asset to be valued. A user interface is provided to receive a selection of a number of parameters associated with the asset to be valued and to receive an estimated volatility for the asset's value. A selection of a database containing transaction data associated with previously closed asset sales can also be received. An adjusted mean and standard deviation for transaction periods associated with the selected parameters and the previously closed asset sales is determined. A statistical modeling application provides a log-normal probability distribution of the probability of closing a sale of the asset with respect to time. Time period-specific DLOMs are calculated, weighted based on the probabilities depicted by the distribution, and summed to provide the probability weighted DLOM, which is presented to the user via the user interface. | 10-02-2014 |
20140297497 | COMPOUND REDEMPTION PROCESSOR - The present invention provides methods and apparatus one or more of: creating, issuing and redeeming Compound Redeemable Instruments. Apparatus can include a computerized system with executable software that is executable upon demand to process Redemption Instances as well as create and issue Compound Redeemable Instruments. | 10-02-2014 |
20140297498 | Broker Commission Allocation System - Methods and systems for allocating trades to multiple brokers are disclosed. An execution algorithm for an order is selected. A weighting allocation is for the order to brokers is specified. The order is allocated based on the weighting allocation and execution algorithm. The order is subsequently transmitted for execution. | 10-02-2014 |
20140297499 | SYSTEM FOR ANALYZING CHARACTERISTICS OF STOCK INFORMATION IN CONJUNCTION WITH BASEBALL TERMINOLOGY, AND METHOD FOR PROVIDING THE CHARACTERISTICS - Provided are a system and method which enable the formation of a correlation between information on stock transactions and baseball terminology in order to express the information, thereby facilitating the understanding of the characteristics of stock transactions via the characteristics of baseball terminology, and more particularly, to a system and method for more easily relaying information to stock investors using a system that links the results of the inherent transaction prices of stocks to terminology having similar meanings to terminology used in baseball. | 10-02-2014 |
20140297500 | Systems For Electronic Trading - Systems are provided to manage option information. According to some embodiments, a user interface is provided including at least one option quote area presenting a plurality of option quotes, and an order entry area comprising input areas for inputting two or more option orders. A selection of one of the presented plurality of option quotes may be received and details of an option order corresponding to the selected option quote may be presented in appropriate input areas of the order entry area. In some aspects, a number of option quotes to present in at least one of the at least one option quote area is received, and the number of option quotes is presented in the at least one of the at least one option quote area. | 10-02-2014 |
20140297501 | System and Method for Reducing the Risks Involved in Trading Multiple Spread Trading Strategies - System and methods for reducing the risks involved in trading multiple spread trading strategies in an electronic trading environment are provided. Specifically, reducing the risks involved in trading multiple spreads that share a leg by, among other things, quoting a single order in the shared leg instead of quoting orders for each of the corresponding spread legs. Based on the computed quote price for the single order, associating the single order with the leaned on price that results in the price closest to the inside market in the shared leg. The single quote order is based on the market conditions in the spread legs and the desired spread price. Once the single order fills, a hedge order is sent to the leg that obtains the most advantageous price for the spread based on the other spread options. | 10-02-2014 |
20140297502 | Defensive Volatility Index Apparatuses, Methods, and Systems - A rule-based signal-driven algorithmic index and associated financial products for providing downside protection against a volatile index by tracking a long-volatility position placed in the short term or the medium term of an implied volatility curve for a stock index, based on the steepness of the short-term end of the curve versus the steepness of the medium-term end of the curve. | 10-02-2014 |
20140297503 | METHODS AND SYSTEM FOR VISUALLY DESIGNING TRADING STRATEGIES AND EXECUTION THEREOF - In one embodiment, the instant invention includes a computer-implemented method having steps of: providing a plurality of pre-programmed components; receiving an alert strategy, representing a strategy diagram made on a computer screen from the plurality of provided pre-programmed components; validating the alert strategy, where the validation includes generating, real-time, a smart chart for the alert strategy; receiving a selection of at least one trading instrument for which the alert strategy to be executed; executing the alert strategy for the trading instrument based, at least in part, on one of: i) historical market data and/or ii) real-time market data, where the execution of the at least one alert strategy automatically reflected in the generated smart chart; and generating a buy/sell alert when the execution of the alert strategy meets a condition pre-determined by the alert strategy. | 10-02-2014 |
20140297504 | METHOD AND SYSTEM FOR PROCESSING ELECTRONIC DATA TRANSACTION MESSAGES - Data transaction request message information associated with a user, a first limit parameter associated with the user, and a second limit parameter associated with the user are stored in memory. A processing system calculates, at a first time, data transaction requests associated with the user and a transactional rate parameter associated with the user based on a relationship between the data transaction requests associated with the user and the second limit amount parameter. Data transaction request messages received from the user between the first time and a second later time are monitored. The transactional rate parameter is adjusted based on data transaction requests associated with the user received between the first and second times. A transactional limit parameter is calculated using the data transaction requests associated with the user, the transactional rate parameter, and the first limit parameter. When the transactional limit parameter is exceeded, execution of further data transactions of a first type requested by the user between the first time and the second later time is suspended. | 10-02-2014 |
20140297505 | SLICER ORDER QUANTITY REDUCTION TOOL - The disclosed embodiments generally relate to a slicer order quantity reduction tool. An example method for reducing a quantity of a slicer order includes calculating a collective quantity associated with available ones of a plurality of child orders; comparing the collective quantity and a reduction amount received in connection with a quantity reduction request for the slicer order; and determining, when the comparison indicates that the available ones of the child orders have insufficient quantity to meet the reduction amount, whether inflight ones of the plurality of child orders collectively have sufficient quantity to make up a shortfall of the available ones of the child orders. | 10-02-2014 |
20140297506 | SYSTEM AND METHOD FOR ICON ORIENTED REPRESENTATION OF TRADING STRATEGIES - A system and method for visually establishing a trading strategy are described. According to one method, a trader can position a first icon corresponding to a first order and a second icon corresponding to a second order in relation to a first value axis displayed on a graphical interface. A graphical means can also be used in relation to the icons to show that the icons correspond to a trading strategy. The graphical means can include lines, numbers, or any other user-configurable graphical representation illustrating order precedence, for example. | 10-02-2014 |
20140297507 | METHOD, DEVICE AND SYSTEM FOR COLLABORATIVE ORDER - A method and system for collaborative order are provided. The method may include receiving a collaborative order request, containing commodity information, sent by a subscriber. A related user of the subscriber may be identified from a set of users related to the subscriber. A collaborative order invitation for the commodity may be sent to the related user to invite the related user to send sub-order information for the commodity. Order information for the commodity sent by the subscriber and sub-order information for the commodity sent by the related user may be received and combined, to obtain combined order information. The combined order information may be sent to a trading platform for processing trade of the commodity by processing the combined order information. | 10-02-2014 |
20140297508 | METHOD, APPARATUS AND INTERFACE FOR TRADING MULTIPLE TRADEABLE OBJECTS - An interface for trading multiple tradeable objects includes a price axis or scale. A first indication of quantities represented in a market for a first tradeable object is displayed in association with the price axis or scale. A second indication of quantities represented in the market for a second tradeable object is displayed in association with the price axis or scale. The first tradeable object may be different than the second tradeable object. Alternatively, the first tradeable object and the second tradeable object may be the same, but the indications of quantity may be provided from different sources, such as different exchanges. | 10-02-2014 |
20140297509 | METHODS AND SYSTEMS FOR MONITORING AND CONTROLLING ORDER MESSAGE TRAFFIC - Example methods, systems, and tangible computer readable storage media disclosed herein provide for tracking of order messages. An example method includes tracking, using a computing device, an order message, the order message including an order for a tradeable object in a trading market. The trading market includes an inside market. The example method includes determining, using the computing device, whether the order is directed to the inside market of the trading market. If the order is determined to be directed to the inside market, the example method includes adjusting a weighting factor to decrease a message ratio. The message ratio compares a weighted order message total to a fill total. If the order is determined to be directed away from the inside market, the example method includes adjusting a weighting factor to increase the message ratio. The example method includes determining, using the computing device, if the message ratio satisfies a message ratio threshold. The example method includes implementing, using the computing device, message ratio handling if the message ratio satisfies the message ratio threshold. | 10-02-2014 |
20140297510 | METHOD AND SYSTEM FOR VENDOR-NEUTRAL SUBCONTRACTOR ENABLEMENT - A method implemented in a computer infrastructure having computer executable code, includes receiving information in support of a bid and determining if value-add eligibility criteria is met. Additionally, the method includes calculating a bid price based on the information if the value-add eligibility criteria is met, updating a record indicating the bid price and tracking additions and changes to the record. | 10-02-2014 |
20140297511 | SYNTHETIC SPREAD TRADING - Synthetic spread trading strategies are represented and managed as homogeneous tradeable objects. Relationships between a synthetic spread and its constituent parts are defined and states for a spread are developed for accurately reporting, tracking and otherwise administering a synthetic spread and its constituent parts. A state of a synthetic spread is identified as working, pending, legged or filled. The states, in addition to identification of a synthetic spread's constituent parts, introduces information to allow a spread order and its post trade analysis to be consistently and effectively managed by multiple trading tools. | 10-02-2014 |
20140297512 | SYSTEM AND METHOD FOR MANAGING TRADING USING ALERT MESSAGES FOR OUTLYING TRADING ORDERS - According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by determining whether the particular trading order differs from at least one comparison price by more than a threshold value. If it is determined that the particular trading is an outlying trading order, a restrictive action is taken regarding the outlying trading order. For example, if a trader subsequently submits another trading order that would trade with the outlying trading order, an alert message may be sent to the trader and the subsequent trading order may be prevented from trading with the outlying trading order at least temporarily. | 10-02-2014 |
20140304133 | TICKER TILES - Methods, systems, and apparatuses, including computer programs encoded on computer-readable media, for receiving configuration data comprising an indication of a first security or index, an original price of the first security or index, and a first audio indicator type. Pricing data of the first security or index is received and a change in price of the first security or index is determined based upon the received pricing data and the original price. A first audio property of a first audio indicator is determined based upon the change in price and the first audio indicator type, and the first audio indicator is played. | 10-09-2014 |
20140304134 | Methods and Systems for Creating and Trading Derivative Investment Products Based on a SKEW Index - Systems and methods for creating and disseminating a SKEW index based on a statistical property reflecting the skewness of an underlying asset and creating and trading derivative investment products based on the SKEW index are disclosed. In one aspect, a SKEW index associated with an underlying asset is calculated. The SKEW index is accessed and a SKEW derivative is created based on the SKEW index. Information associated width the SKEW derivative is then transmitted for display. | 10-09-2014 |
20140304135 | APPARATUS, SYSTEM AND METHOD FOR PROVIDING A CITY-CENTRIC EXCHANGE TRADED FUND - The present invention may provide exchange traded funds (ETFS) focused on the investment potential of cities as demonstrated by their headquartered companies within targeted geographic markets. The present invention may account for a city's economy functions as its own ecosystem with unique resources, attributes and demographics inextricably interwoven. Such city-based ETFS may fulfill a distinguishable and highly marketable niche by providing acceleratable and/or scalable products which may be intuitively appealing and understandable to a significant number of investors, both institutional and individual. | 10-09-2014 |
20140304136 | Global Investment Grade for Natural and Synthetic Gems used in Financial Investments and Commercial Trading and Method of Creating Standardized Baskets of Gems to be Used in Financial and Commerical Products - A process to create a fungible global standard for diamonds and gemstones. The process involves grouping diamonds in an investment standard according to their gemological, proportional, optical and light behavior characteristics. Diamonds that conform to the investment grade standard are interchangeable within a specific size range according to an equivalent monetary bundling process. Diamonds subjected to the standard conform to a holistic set of gemological, proportional, optical and light characteristic requirements that enables diamonds to be classified into a extraordinarily homogeneous, visually indistinguishable and highly fungible group which can be used to create baskets of diamonds to form an index/benchmark for diamond pricing, financial instruments, and a standard that can be used for certifying diamonds as investment grade to insure quality. | 10-09-2014 |
20140304137 | Enclosed Software Platform and Method for the Financing of Creative Content/Productive Output - A System and method that electronically allow consumers to invest in and obtain a product by presenting a website to a user, the website providing at least one product offering to a user. The system also electronically obtains one or more products to be displayed on a website that is associated with the system; the products may be obtained from one or more product creators or owners. The system also electronically allows users to view the products, invest in one or more product offerings, and purchase products. | 10-09-2014 |
20140304138 | System and Method for Matching One or More Incoming Order to a Standing Order Based on Multi-Level Allocation - A method of order allocation is disclosed. The method includes receiving an incoming order, establishing an inner market representing a first portion of an order book which may be defined as a function of an inner market parameter, designating the first portion of the order book as a priority and allocating the first portion of the received incoming order based on the priority, establishing an outer market that represents a second portion of the order book that includes the remainder of the order book not represented by the inner market of the order book, assigning the received incoming order to one of the inner or outer markets as a function of the inner market parameter, allocating a first portion of the incoming order to the inner market utilizing a first-in, first-out (FIFO) algorithm, and allocating a second portion, in excess of the first portion, of the incoming order to the outer market using a pro-rata algorithm. | 10-09-2014 |
20140304139 | SYSTEM AND METHOD FOR TRADING DIVIDEND YIELDING SECURITIES - In one or more implementations, an exchange traded fund is used to receive a dividend that exceeds an underlying market index on which the exchange traded fund is based, and earning a total return that is correlated to the at least one underlying index. Security information is referenced that represents respective securities, security price(s), ex-dividend date(s), and dividend yield(s). One or more processors receive investment information that represents a first portion of a portfolio that includes one or more investments in one or more securities in relation to the at least one underlying index. The investment information and at least some of the security information is processed to determine a second portion of the portfolio that includes at least two of the respective securities to be purchased prior to the respective ex-dividend date. The processor(s) initiate an investment in each of the at least two securities. | 10-09-2014 |
20140304140 | SYSTEMS AND METHODS OF FILTERING AND EXCHANGE - The disclosure herein relates generally to computerized systems, and more particularly to computerized systems and methods for filtering and exchange. Systems and methods for a plurality of first investors to place their interests into an exchange database are described, wherein the interests on the exchange have been filtered using a processor and categorized to allow a plurality of second investors to purchase the interests from the first investors. | 10-09-2014 |
20140304141 | DIRECTED ORDER - A directed order process and related market center are disclosed, wherein a market center grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior trading interest in the marketplace first before crossing. | 10-09-2014 |
20140304142 | SYSTEM AND METHOD FOR AN AUCTION OF MULTIPLE TYPES OF AUCTIONS - An improved system and method for a computer-implemented auction in which multiple types of items are auctioned together without imposing a particular division of supply or demand among the individual types of items. In some embodiments the auction of the present invention provides a means or method for establishing prices for the types of items, wherein the prices maintain a relationship. In other embodiments, the present invention provides a means or method for implying prices from price parameters in the bids received form bidders, based on a relation among the prices for the types of items. Market clearing may be defined by the condition that the aggregate quantity bid for all types of items is less than or equal to the available quantity of all types of items. The division among the types of items within is thus determined flexibly, based on the bids at the associated prices. In other embodiments, market clearing is defined by the condition that the quantity bid for one selected type of item is less than or equal to the available quantity of the selected type of item. The quantities of the other types of items are thus determined flexibly, based on the bids at the associated prices. | 10-09-2014 |
20140310143 | Configurable Non-Numeric Quantity Data Feed Display - A tool and method for transmitting and displaying market depth information associated with a tradeable object trading in a market is disclosed. The tool and method provide a mechanism by which market depth information may be withheld when the change in market depth information is not sufficiently significant. In response to transmitting market depth information, the market depth information is displayed using indicators associated with range instead of a value. | 10-16-2014 |
20140310144 | ISSUER TRANSPARENCY TOOL FOR FINANCIAL SERVICES - A computer system and method for providing an issuer submission tool operative to enable issuers of financial instruments and municipal debt a computer platform for delivering information to relevant market spaces. A template is provided for relevant financial and other information to be submitted by issuers of municipal debt. End-users are provided with the financial and other information. Periodic updates of the financial and other information are enabled through a computer facilitated platform. | 10-16-2014 |
20140310145 | Automated Trading System in an Electronic Trading Exchange - An electronic exchange system network includes a trader site having an automated trading system capable of submitting orders and/or quotes to an exchange site. The automated trading system determines whether an order or quote should be submitted based on, for example, the current market price of an option and theoretical buy and sell prices. The theoretical buy and sell prices are derived from, among other things, the current market price of the security underlying the option. The theoretical buy and sell prices are calculated when underlying factors that contribute to the theoretical prices change. Computation times of the theoretical prices may be reduced by using precalculated values and/or using interpolation and extrapolation. Other techniques may be used in addition or in the alternative to speed automatic decision-making. In addition, a system of checks may be conducted to ensure accurate and safe automated trading. The automated trading system may be capable of automatically submitting orders in connection with the underlying security in order to hedge part of the delta risk associated with the automated option trades. | 10-16-2014 |
20140310146 | RATIO SPREADS FOR CONTRACTS OF DIFFERENT SIZES IN IMPLIED MARKET TRADING - A method for matching orders is provided. The method includes receiving a first order for a product, the first order specifying a first volume, receiving a second order for the product, the second order specifying a second volume, wherein the first volume is different than the second volume, generating an implied order based on a ratio spread defined between the first order and the second order, and matching a third order with the implied order. | 10-16-2014 |
20140310147 | EXCHANGE-TRADED BASIS DERIVATIVE CONTRACTS - An exchange computer system creates, trades and/or otherwise manages basis derivative contracts. At maturity, a basis derivative contract may have two components. A first component may require a party to the basis derivative contract to make or take some type of delivery related to a particular subject matter. A second component may require the basis derivative contractee to accept a further obligation under one or more derivative contracts related to the subject matter. | 10-16-2014 |
20140310148 | Method and Apparatus for High-Speed Processing of Financial Market Depth Data - A variety of embodiments for hardware-accelerating the processing of financial market depth data are disclosed. A coprocessor, which may be resident in a ticker plant, can be configured to update order books based on financial market depth data at extremely low latency. Such a coprocessor can also be configured to enrich a stream of limit order events pertaining to financial instruments with data from a plurality of updated order books. | 10-16-2014 |
20140310149 | METHOD AND APPARATUS FOR PUBLISHING MARKET INFORMATION - A method and apparatus for publishing market data for a financial instrument utilizes existing network layer acknowledgement feature to publish market data for the financial instrument to a client device at rates in which the client device is able to process the data. The publishing rate is dynamic, as opposed to being fixed, and is able to adjust “on-the-fly” so as to prevent message queue stagnation. | 10-16-2014 |
20140316961 | Dynamic Tick Size Order Aggregator - Systems and methods are provided for dynamically adjusting a bid ask spread while maintaining a fixed trading increment. Various criteria may be analyzed to determine if a bid ask spread meets the desired criteria. When the criteria is not met, the bid ask spread may be adjusted by aggregating orders. Aggregation may include raising a price of the lowest ask prices and/or lowering a price of the highest bid orders. | 10-23-2014 |
20140316962 | Post-Order Management of Financial Instruments - Methods for managing a plurality of orders for a financial instrument includes accepting the plurality of orders for clearing; sending a cleared confirmation message indicating that the plurality of orders has been cleared; receiving notification instructions to group the plurality of cleared orders; terminating the plurality of cleared orders and creating a new order; and sending a cleared confirmation message for the new order. Systems for electronically managing a plurality of orders for a financial instrument and computer-readable media are described. | 10-23-2014 |
20140316963 | SAVINGS PARTICIPATION RIGHT UNITS WITH INVESTOR DIVERSIFICATION - A method for funding a municipal solid waste reduction program includes conducting a study of anticipated future cost savings for a Municipality from implementing sealable, refillable fluid product packaging to replace existing disposable fluid product packaging for the purpose of reducing solid waste. After the study, one establishes a value for a savings participation right that shares savings generated by replacing the disposable fluid product packaging with sealable, refillable fluid product packaging, and offers for sale the savings participation right to investors based on said established value. The savings participation right holder is paid a monetary value based on actually realized municipal savings resulting from a reduction in solid waste as a consequence of the municipal solid waste reduction program. | 10-23-2014 |
20140316964 | Systems and Methods for Tracking Greenhouse Gas Emissions - A system and method such that users subject to greenhouse gas programs, such as the California Air and Resource Board Cap-and-Trade program, can identify what allowances and obligations said user has at any point in time. The invention will allow for data to be received from any source of carbon trades, emission forward prices, electronic tags (e-Tags), or other relevant emissions attributes. The invention will have all formulas and data necessary to determine a user's position. The invention will create reports necessary to show compliance with greenhouse gas programs. | 10-23-2014 |
20140316965 | Method and System for Managing Sovereign/Non-Sovereign Dual Debit Accounts - A sovereign/non-sovereign dual debit account (DDA) management system includes a DDA entity having a sovereign debit account containing sovereign currency and a non-sovereign debit account containing non-sovereign currency and a currency trading entity. The system further includes a real-time digital currency exchange (rtDCE). The DDA entity and the currency trading entity partner through the rtDCE to add, in real-time, sovereign currency to the DDA entity sovereign debit account by selling non-sovereign currency from the DDA entity non-sovereign debit account to the currency trading entity at a current exchange rate, and vice versa. The currency trading entity may or may not be a DDA entity. The system enables DDA holders to use sovereign and non-sovereign currency interchangeably for everyday commercial transactions, removing a significant hurdle to mass adoption of non-sovereign currency. | 10-23-2014 |
20140316966 | SYSTEM AND METHOD FOR COALESCING MARKET DATA AT A CLIENT DEVICE - A client device coalesces data received from an exchange, and provides a client application such as a graphical user interface with the opportunity to process fewer, but up-to-date, data updates from an exchange when a large volume of prices becomes available. Accordingly, the trader can be assured of receiving updated information that are fed to the client applications at a rate that is cohesive with that client device's processing speed. | 10-23-2014 |
20140316967 | Method of buying or selling items and a user interface to facilitate the same - A method of buying or selling items having at least one market and its associated processes are disclosed. The method includes the steps of, under control of a client system, displaying information identifying at least one item and a bid and/or ask price for the item in the market; and specifying transaction conditions based on a user directed position of a moveable icon, where the transaction conditions are related to the buying or selling of the identified item in the active market. Then, in response to an action of the user sending a user transaction request at the transaction conditions displayed at the time of said action, facilitating financial transactions for the user in accordance with the transaction conditions to complete the transaction. In this manner, the item may be bought or sold by the user at the transaction conditions specified. A user interface to facilitate this method is also disclosed. A quantity recommendation system to facilitate the quantity decision of a financial transaction is further disclosed. | 10-23-2014 |
20140316968 | Time Market Grid Interface - A system and method are provided for trading a tradeable object. One example apparatus includes a microprocessor, a graphical user comprising a first screen region having a plurality of locations in the first screen region, each location corresponding to a price level along a first axis and a time along a second axis. The apparatus also comprises a user input device for sending a command to initiate placement of a timed trade order, and an indicator being dynamically displayed in one of the plurality locations of the first screen region and corresponding to the timed order. In one example embodiment, the indicator dynamically moves over time relative to the second axis indicating a time until the order will be automatically sent to a computerized matching process. | 10-23-2014 |
20140316969 | SYSTEM FOR RESOLVING TRANSACTIONS - An apparatus for resolving a debt transaction is provided. The apparatus includes a server having means for contacting the debtor by transmitting a communication to the debtor using one of a number of available communication channels, a credit information seeking module configured to obtain debtor debt account information from a financial information source other than the server and the debtor, and a rules based decision module configured to analyze debtor debt account information in order to determine a potential resolution strategy for the debt transaction comprising at least one transaction settlement offer based on creditworthiness of the debtor based on rules established by the creditor. The server is configured to provide the debtor with the at least one transaction settlement offer, and the server is further configured to attempt to obtain agreement from the debtor to settle the debt transaction based on the at least one transaction settlement offer and process at least a portion of a payment by the debtor in settlement of the debt transaction. | 10-23-2014 |
20140316970 | GENERATING INCOME FROM UNUSED CREDIT - A system includes one or more computers operable to electronically receive a request to deposit a first unused credit guarantee with a financial institution, and an unused credit account database configured to store the unused credit guarantee in a corresponding electronic account. | 10-23-2014 |
20140316971 | METHODS OF MATCHING ORDERS ON AN ELECTRONIC TRADING SYSTEM AND AN ELECTRONIC TRADING SYSTEM FOR MATCHING ORDERS - Electronic messages regarding a current order status of an order book of an electronic exchange system are transmitted to users including information concerning identities of parties having placed orders stored in the order book. The current order status is associated with a queue of orders stored in the order book. Each stored order has associated properties and an associated queue number. A higher queue number indicates a lower trading priority than a lower queue number. An electronic order message is received to trade selecting an order stored in the order book having a queue number of two or higher than over a lower queue number order stored in the order book. Both the selected order and the lower queue number order have properties matching both the selected order and the lower queue number order. The received message is identified as including information that selects the order stored in the order book having a queue number of two or higher. The received message is matched with the selected order stored in the order book having a queue number of two or higher. The lower queue number order remains stored in the order book after the matching. | 10-23-2014 |
20140316972 | E-COMMERCE SYSTEM AND A METHOD FOR ACHIEVING - An e-commerce system and a method for realizing spot transaction of commodity. The present invention includes user-level apparatus, transmission level apparatus, the access level apparatus and service level apparatus, wherein the user level apparatus includes a user end device, a storage unit and a bank unit; the transmission level apparatus includes the Internet and a private network; the access level apparatus includes a user interface unit, an information query release interface unit, a storage interface unit, a bank interface unit, and an information query interface unit; the service level apparatus includes a common data channel unit, a transaction server, a settlement server, an information management server, a data settlement server, a server sequence controller and a data server. The server sequence controller of the present invention controls the transaction server, the settlement server and the data settlement server, which forms a specific working sequence period, realizes spot transaction of commodity and daily delivery in kind, and enables the real function of spot trading of commodity via an e-commerce system. | 10-23-2014 |
20140316973 | FACILITATING REVENUE GENERATION FROM WHOLESALE ELECTRICITY MARKETS - The apparatus, systems and methods herein facilitate generation of energy-related revenue for an energy customer of an electricity supplier. The apparatuses and methods herein can be used to generate operating schedules for a controller of the energy assets. When implemented, the generated operating schedules facilitates derivation of the energy-related revenue, over a time period T, associated with operation of the energy assets according to the generated operating schedule. The energy-related revenue available to the energy customer over the time period T is based at least in part on a wholesale electricity market. | 10-23-2014 |
20140324655 | ELECTRONIC SYSTEM, COMPUTING DEVICE AND METHODS FOR UPDATING DATA RECORDS ACROSS MULTIPLE ELECTRONIC CREDIT DATABASES - According to embodiments described in the specification, systems and methods are provided for reducing the divergence of credit report data across multiple credit databases. A computing device is configured to send an initial credit inquiry to a server maintaining a credit database. Based on a response from the server, the computing device is further configured to report data based on credit inquiry data to other servers maintaining other credit databases for updating the databases. The computing device can also be configured to report data based on credit inquiry data to subscribers other than the servers. Credit inquiry data can be reported to servers which did not receive an initial credit inquiry, and such servers are configured not to respond to the reporting with credit report data, but to update the databases. | 10-30-2014 |
20140324656 | ORDER LIFE-CYCLE VISUALIZATION - Systems and methods are presented that provide a visualization for displaying an order life-cycle for one or more orders. The visualization includes one or more order objects representing orders for financial instruments (e.g., stocks, bonds, securities) and connectivity between the one or more order objects to help show an order history for the order objects. The visualization shows how orders develop over time by allowing a more specific order life-cycle to be emphasized in the visualization. The systems and methods described below allow for direct visibility for the development of orders over time using a unique and interactive visualization. | 10-30-2014 |
20140324657 | CROSS BORDER COMPETENCIES TOOL - According to one embodiment, an apparatus may comprise a memory, a network interface, and a processor communicatively coupled to the memory and to the network interface. The memory may store information associated with a previous loan. The network interface may receive a request associated with a loan. The processor may determine, based at least in part upon the information, that the previous loan is related to the loan, and predict, in response to the determination that the previous loan is related to the loan, information associated with the loan based at least in part upon the stored information associated with the previous loan. The network interface may further communicate a message indicating the predicted information. | 10-30-2014 |
20140324658 | VISUALIZATION FOR ACCOUNT BALANCE VIEW - Systems and methods are presented for providing a visualization that is capable for displaying trade activity for one or more client accounts for a broker. The visualization includes one or more trade objects representing trades for one or more financial instruments and connectivity between one or more trade objects to show an event history for a particular trade. The visualization also provides a display for account activity including account withdrawals, deposits, and balance. The systems and method described below allow for automatic and/or manual detection of suspicious activity for a client account by virtue of information provided in the visualization. | 10-30-2014 |
20140324659 | Systems and Methods for Highest Payout of Funds Transferred in a Money Transfer Transaction - Systems and methods which provide for the transaction funding amount of a money transfer transaction to be fully paid to a receiving party are provided herein. Embodiments may utilize a central server which compiles and tracks the payment capabilities, exchange rates, and the like, of agents and/or locations in a money transfer network. Such information may be utilized to establish a money transfer transaction. Such a central server may be communicatively connected to agents on one or more of the sending and receiving side of a money transfer transaction and may provide information to one or more agents to assist in completing a transaction. | 10-30-2014 |
20140324660 | METHOD OF CREATING STANDARDIZED BASKETS OF MEDICAL AND RECREATIONAL GRADE CANNABIS TO BE USED IN FINANCIAL AND COMMERCIAL TRADING PRODUCTS - A process to create a fungible global investment grade standard for | 10-30-2014 |
20140324661 | SYSTEM AND METHOD FOR DISPLAYING TRADING DATA - A system and method are provided for presenting trading information. One example method includes displaying a plurality of effective trade indicators corresponding to price levels at which effective trades have been initiated, and displaying trading information corresponding to each effective trade. The effective trades can be determined based on user-configured trade definitions. The trading information can include a traded quantity and profit/loss corresponding to each effective trade. In addition to the trading information, current market information could be displayed as well in relation to the plurality of effective trades. | 10-30-2014 |
20140324662 | Systems and Methods for Trading Electrical Power - Systems and methods are provided, which facilitate the integration of energy trading, transmission management and scheduling. The systems and methods facilitate the posting of bids and offers to buy and sell energy or capacity, allow users to view the bids and offers of others, negotiate the details of bids and offers, and permit deal formation for the purchase and sale of bids and offers. The disclosure also facilitates issuing proposals and counteroffers to enter into deals for power transmission. The disclosure also enables the scheduling of transmission including facilitating communication with various other systems. The disclosed systems and methods further enable the creation, modification and storing of transmission paths for recall and then evaluation in the scheduling of transmission path. The systems and methods are linked to and receive input from various sources of data and may facilitate two way communication with other systems in order to enable certain functionality. | 10-30-2014 |
20140324663 | Automated Trading System in an Electronic Trading Exchange - An electronic exchange system network includes a trader site having an automated trading system capable of submitting orders to an exchange site. The automated trading system determines whether an order should be submitted based on, for example, the current market price of an option and theoretical buy and sell prices. The theoretical buy and sell prices are derived from, among other things, the current market price of the security underlying the option. A look-up table stores a range of theoretical buy and sell prices for a given range of current market price of the underlying security. As the price of the underlying security changes, a new theoretical price may be indexed in the look-up table, thereby avoiding calculations that would otherwise slow automated trading decisions. In addition, a system of checks may be conducted to ensure accurate and safe automated trading. | 10-30-2014 |
20140324664 | METHOD AND SYSTEM FOR IDENTIFYING HIGH PROBABILITY TRADE MATCHES - Methods and Systems for routing an indication of interest message are provided in which one or more external trade messaging systems are monitored to discover and collect information related to a trading posture of a plurality of trading counterparties. The information related to the trading posture of the plurality of trading counterparties is stored in a database and accessed, upon receipt of an indication of interest message to intelligently route the indication of interest message to at least one of the plurality of trading counterparties based at least in part on the information regarding the trading posture of the plurality of trading counterparties stored in the database. | 10-30-2014 |
20140324665 | Trading Tools for Electronic Trading - Tools for trading and monitoring a commodity on an electronic exchange using a graphical user interface and a user input device. The tools will aid the trader in determining the status, trends in the market, and the trader's position in the market. | 10-30-2014 |
20140324666 | Publish and Subscribe System Including Buffer - Systems and methods for delivering a plurality of trading data messages to a server in connection with the monitoring the trading of financial instruments are provided. A listener subscribes to a subset of the plurality of trading data messages generated by market participants or components within the trading platform. A buffer receives the subset of the plurality of trading data messages and stores the subset of the plurality of trading data messages. A server, such as a live alerts server, receives the subset of the plurality of trading data messages stored from the buffer and analyzes the subset of the plurality of trading data. | 10-30-2014 |
20140324667 | System and Method for Computing and Displaying Effective Bid and Ask Information - Software at a trading station receives a data feed from an electronic exchange and computes an effective bid price and/or an effective ask price based on a particular quantity to trade. Then, the effective bid price and/or effective ask prices are indicated to the user. An effective bid price is an average price at which a quantity could be sold based on current market conditions. An effective ask price is an average price at which a quantity could be bought based on current market conditions. Depending on the available quantities in the market, the effective prices may represent spreads different from the actual spread of the inside market. Additionally, a derivative of price, such as yield, may be used to compute other types of effective bid and/or ask information. | 10-30-2014 |
20140324668 | Trade Matching Platform with Variable Pricing Based on Clearing Relationships - The disclosure describes systems and methods for using enhanced RFQs and incoming enhanced orders to assist in detecting implied orders using an implied spread determination module. In one example, a system includes a processor and memory storing a search list and computer-executable instructions, where the instructions determine whether the financial instrument associated with an eRFQ or new enhanced order is on the search list, and then determine if an implied order exists in combination with that financial instrument and CCP attribute designations. In some embodiments, a timer may be used to track a predetermined amount of time to spend towards determining if implied orders exist for a particular financial instrument at particular clearing houses. | 10-30-2014 |
20140324669 | SYSTEM, SERVER AND METHOD FOR PROCESSING DATA RECORDS REPRESENTING FINANCIAL INSTRUMENTS - The present specification provides a high availability system. In one aspect a replicator is situated between a plurality of servers and a network. Each server is configured to execute a plurality of identical message processors. The replicator is configured to forward messages to two or more of the identical message processors, and to accept a response to the message as being valid if there is a quorum of identical responses. | 10-30-2014 |
20140330693 | SYSTEMS AND METHODS FOR AUCTIONING ASSET BACKED SECURITIES - Provided are computer implemented methods and systems for auctioning asset backed securities. An online multi-stage auction system is provided based on peer-to-peer lending approach, where individual borrowers may sell shares in asset backed securities to partially finance the asset backed security or facilitate loans to purchase the asset backed securities. The auction system provides for a number of auctions to be held sequentially over a predetermined period of time. Lenders are provided with an option to sell their shares during each of the auctions. The total amount of shares allowable to be sold by lenders per auction should not exceed a predetermined threshold amount, otherwise the shares are sold in installments at subsequent auctions. | 11-06-2014 |
20140330694 | METHOD AND SYSTEM FOR PREPARATION OF A FINANCIAL TRANSACTION - Methods and a system for preparing a financial transaction are described. Input data for a financial information query is received. A query is performed and data for a number of information panels is returned. The data relates to trading information for at least one tradable object associated with the input data. A user may select one or more information panels to generate a trade prompt, which is communicable to a user of a second computing device. Access to the trade prompt allows the user of the second computing device to instruct a trade of one or more tradable objects from the second computing device. | 11-06-2014 |
20140330695 | FACILITATING REVENUE GENERATION FROM WHOLESALE ELECTRICITY MARKETS BASED ON A SELF-TUNING ENERGY ASSET MODEL - The apparatus, systems and methods herein facilitate generation of energy-related revenue for an energy customer of an electricity supplier. The apparatuses and methods herein can be used to generate suggested operating schedules for the energy assets that including a controllable energy asset, using an objective function. The objective function is determined based on a dynamic simulation model of the energy profile of the energy assets. The dynamic simulation model is adaptive to physical changes in the energy assets based on a parametric estimation using at least one model parameter. The model parameter is at least one of an operation characteristic of the controllable energy asset, a thermodynamic property of the energy assets, and a projected environmental condition. Energy-related revenue available to the energy customer is based at least in part on a wholesale electricity market or on a regulation market. | 11-06-2014 |
20140330696 | Consolidated Price Level Expansion - Certain embodiments provide consolidated price level expansion. Data associated with the individual price levels represented by a consolidated price level is expanded and provided through an expanded consolidated price level interface. In certain embodiments, the expanded consolidated price level interface includes a pop-up interface. In certain embodiments, the expanded consolidated price level interface includes an in-line interface. In certain embodiments, an order may be entered using the expanded consolidated price level interface. | 11-06-2014 |
20140330697 | Target Trading System and Method - A method of reaching one or more target positions in a user-directed trading system includes the steps of: identifying target positions, wherein each target position includes a tradable instrument identifier and a target quantity; for at least one of the target positions, identifying a corresponding initial position including a current quantity associated with the tradable instrument identifier; and triggering the trading system to identify orders required to reach at least one target position from at least one initial position. A user-directed trading system includes: a user interface through which a user identifies target positions, wherein each target position includes a tradable instrument identifier and a target quantity; for at least one of the target positions, identifies a corresponding initial position including a current quantity associated with the tradable instrument identifier; and identifies orders required to reach at least one target position from at least one initial position. | 11-06-2014 |
20140330698 | DYNAMICALLY ACTIVATING AND DEACTIVATING ONE OR MORE ELEMENTS OF A TRADING TOOL - Various embodiments relate to intelligently activating and deactivating a trading tool element of a trading tool to improve a user's confidence in the trading tool. By dynamically activating and deactivating elements on the trading screen, the trading tool effectively increases a user's confidence in placing a trading order, canceling a trade order, or both, for example, by eliminating or reducing undesirable options. Undesirable options might include those that are risky, contrary to a particular trading strategy, would result in a loss of money, and so on. Such an embodiment can improve the overall speed at which a user places or cancels a trade order by, among other things, effectively increasing the user's overall confidence in the trading tool. | 11-06-2014 |
20140330699 | METHOD OF PROCESSING INVESTMENT DATA AND ASSOCIATED SYSTEM - A computerized method for processing investment data includes providing a server supporting a database for receiving, processing and storing investment data providing a rules engine for processing rules data employing rules relating to credit assignment; introducing into the server investment data from a plurality of external sources, processing the rules data by the rules engine and permitting user access to the processed and stored investment data. Information regarding customer investments, client information and investment transaction information is provided in the server. A corresponding system is disclosed. | 11-06-2014 |
20140330700 | MULTIPLE OPEN ORDER RISK MANAGEMENT AND MANAGEMENT OF RISK OF LOSS DURING HIGH VELOCITY MARKET MOVEMENT - The disclosed embodiments relate to a mechanism which may restrict or otherwise manage the extent of exposure of any particular market participant within the price movement threshold of a market protection system which interrupts market activity during extreme events, as well as to a mechanism for controlling risk of loss which acts to reduce or otherwise manage a market participant's ability to concentrate their exposure, or risk of loss, within a range of price levels and/or within correlated products that could be executed upon before the market participant, or other entity responsible for the activities thereof, e.g. a risk manager, has an opportunity to react to rapid market movement. Such a mechanism, once the market protection system had activated, e.g. by placing the market in reserve, may permit the market participant, or other party, the opportunity to modify or cancel unexecuted orders to mitigate potential losses. | 11-06-2014 |
20140330701 | Methods and Systems for Chart Based Order Entry - In one aspect, the invention comprises software comprising: (a) software for displaying a chart display comprising pricing information for securities; and (b) software for displaying an interface display for placing securities orders, wherein the chart display is configured to enable a user to enter price information in the interface display by selecting a location on the chart display corresponding to a price to be entered into the interface display. In another aspect, the invention comprises a method comprising entering price information in an interface display for placing securities orders by selecting a location on a chart display comprising pricing information for securities, the location corresponding to a price to be entered into the interface display. | 11-06-2014 |
20140330702 | SYSTEM AND METHOD FOR USING DIVERSIFICATION SPREADING FOR RISK OFFSET - A computer-implemented method for analyzing a risk offset associated with a portfolio including a plurality of products traded on an exchange is disclosed. The method includes comparing a first market response of a first product in the portfolio with a second market response of a second product in the portfolio where the first and second market responses result from a change in market data, calculating an offsetting effect between the first market response and the second market response where the first and second market responses are substantially different responses to the same change in the market data, determining a diversification spread based on the offsetting effect derived between the first product and the second product, calculating a diversification spread credit based on the determined diversification spread, and adjusting a margin requirement for the portfolio based on the diversification spread credit. | 11-06-2014 |
20140330703 | SYSTEM AND METHOD MANAGING TRADING USING ALERT MESSAGES FOR OUTLYING TRADING ORDERS - According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, electronic data including buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by electronically determining whether the particular trading order differs from at least one comparison price by more than a threshold value. If it is determined that the particular trading is an outlying trading order, a restrictive action is taken regarding one or more trading orders. For example, if a trader subsequently submits another trading order that would trade with the outlying trading order, an electronic alert message may be sent to the trader and the subsequent trading order may be prevented from trading with the outlying trading order at least temporarily. | 11-06-2014 |
20140330704 | Method and Apparatus for Automated Trading of Equity Securities Using a Real Time Data Analysis - A system and method for buying and selling securities based on volatility and liquidity rather than other fundamentals is demonstrated. The method involves: providing at least one decision model to buy and sell a security; inputting real-time data into the decision model; and automatically generating an order and executing transactions to buy and sell the security based in response to the decision model. The method continues in buying and selling the security based in response to decision model until the method is stopped. | 11-06-2014 |
20140337192 | METHOD AND APPARATUS FOR FACILITATING AN IPR MARKET - A method is disclosed for establishing communication in a network between a seller of intellectual property rights (IPR) using a first node at a first address, and a buyer of IPRs using a second node at a second address. The method uses a third node at a third address to provide IPR data, IPR attribute information, and a first address associated with the identifier. The method determines a criterion to pre-select a set of identifiers; uses attribute information to pre-select a set of identifiers, transmits the pre-selected set of identifiers and associated first addresses from the third node to said second node. The method can fine-select an identifier and generate a message for transmission from the second node to the first address. The message can include the identifier and the second address. A computer-readable medium with instructions and an apparatus to establish communication are disclosed. | 11-13-2014 |
20140337193 | Method and System for Displaying and Trading Spreads - A trading application can receive price and quantity information for tradeable objects. The trading application can compute implied price and quantity information for spreads of the tradeable objects. Direct and indirect price and quantity information for the spreads can be displayed in a manner that shows the relationship with each other and with the price and quantity information for the tradeable objects. | 11-13-2014 |
20140337194 | Flexible System and Method for Electronic Trading - System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein. | 11-13-2014 |
20140337195 | Method and Apparatus for Providing Order Queue Information - A system and method for providing market information are disclosed. In this application, updates are received for a tradable object at a price level from at least one exchange. To the extent that the updates do not include enough details to compute the number of orders resting at a particular price level in a market, estimation may be used to provide order queue information. As a result, the number of orders which are pending in the market at various price levels may be determined using the techniques described herein. The interface disclosed herein may be used to display the number and/or quantity of the orders in the order queue. | 11-13-2014 |
20140337196 | SYSTEM AND METHOD FOR DISPLAYING TRADE INFORMATION FOR ELECTRONIC TRADING EXCHANGE - A system and method for displaying trade information is disclosed. The method includes receiving from a host exchange a plurality of trade notifications, each trade notification corresponding to an executed trade, and for each executed trade of interest, determining whether the executed trade belongs in an aggregated set with one or more other executed trades. All executed trades in an aggregated set are for the same associated tradable object, have traded at the same associated trade price, and have been executed within a predetermined time period of each other. Aggregated sets are displayed a user display with an associated aggregated quantity, and the remaining executed trades of interest are also displayed. Trades are displayed using an associated indicator for indicating whether the corresponding executed trade or aggregated trade traded on the bid side or on the offer side of the market, and which indicates whether additional volume is available at the associated trade price. | 11-13-2014 |
20140337197 | FAIR VALUE MODEL BASED SYSTEM, METHOD, AND COMPUTER PROGRAM PRODUCT FOR VALUING FOREIGN-BASED SECURITIES IN A MUTUAL FUND - A system for determining fair value prices of financial securities of international markets includes selecting a universe of securities of a particular international market, computing overnight returns of each security in the selected universe over a predetermined past period of time, selecting at least one return factor of a domestic financial market from a plurality of return factors, computing, for each selected return factor, the return factor's daily return over said predetermined past period of time, calculating, for each selected return factor, a return factor coefficient for each security in the selected universe by performing a time series regression to obtain the contribution of each return factor's return to the security's overnight return, and producing each calculated return factor coefficient in a data stream. | 11-13-2014 |
20140337198 | IMPLIED VOLATILITY BASED PRICING AND RISK TOOL AND CONDITIONAL SUB-ORDER BOOKS - The Book Order Management (BOM) system provides a fully automated and efficient electronic trading environment for derivatives trading. The BOM system allows traders to electronically, in real time, both make two sided markets in any option or combination of options, and issue quotations for immediate use, so that the trader providing the quotation has the opportunity to re-evaluate and change markets if conditions change. The BOM system provides a way to efficiently determine whether the conditions placed on a contingent order are met and guaranteed, using a lock (freeze) and reserve procedure. | 11-13-2014 |
20140337199 | SYSTEM AND METHOD FOR DISPLAYING MARKET INFORMATION AND ORDER PLACEMENT IN AN ELECTRONIC TRADING ENVIRONMENT - A system and method are provided for displaying a trading screen and placing an order in an electronic trading environment. The system and method may be used to assist a trader in selecting an item of interest, such as the inside market (best bid and best ask) to be displayed relative to a user configured location on the trading screen, such as the center of the trading screen. In a preferred embodiment, the inside market will stay located relative to center of the trading screen and the price levels associated to the inside market will move as the market conditions fluctuate. Other features and advantages are described herein. | 11-13-2014 |
20140337200 | METHOD AND SYSTEM FOR PROVIDING OPTION SPREAD INDICATIVE QUOTES - A computer network and method for electronically trading combinations of derivatives. One preferred method of trading includes providing quotes information to a central server, and determining indicative quotes for combination trades, and providing the non-binding, indicative quotes to market participants (which typically includes subscribers, but may also include market makers). A participant may then submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market Makers may then elect to submit a binding quote for the corresponding derivative combination. Market participants may then elect to enter a binding order. | 11-13-2014 |
20140337201 | Method of Doing Business for Auctioning a Defaulted Loan - A method of doing business includes identifying an owner of property willing to sell his property by an online auction, entering into a contract with the owner obligating him to complete the sales of his property conducted pursuant to terms of the contract; pre-arranging a minimum auction price for his property that accounts for the owner's interest, plus costs and fees, conducting the on-line auction with a plurality of bidders for his property whereby at the on-line auction's conclusion there is a winning bidder and ensuring the transfer of the winning bidder's funds to the escrow holder. | 11-13-2014 |
20140337202 | Guaranty Fund Apportionment in Default Auctions - A method apportions guaranty fund contributions into tranches in connection with an auction directed to transferring open positions in a set of markets, such as positions in interest rate swap contracts. Bids for the open positions from non-default market participants are received. A quality factor is determined for each bid based on an offset between the bid and a winning bid in the auction for each open position. For each market and for each non-default market participant, a portion of the guaranty fund contribution of the non-default market participant is allocated to one of the tranches based on the quality factor for the market. | 11-13-2014 |
20140337203 | EXCHANGE FOR PHYSICALS - Systems and methods for performing an exchange for physicals (EFP) may comprise receiving, with a matching engine module in communication with a processor, EFP data comprising an amount of securities to be traded and a price. The matching engine module may calculate a first delta percentage between the EFP data and an index based on the amount, the price, and an index value. The matching engine module may calculate a residual delta based on the first delta percentage and an index notional value. The matching engine module may attribute the residual delta to the securities. | 11-13-2014 |
20140344132 | Method and Interface for Consolidating Price Levels on a Trading Screen - A trading screen may display price and quantity information for price levels in a static axis of prices. The static axis of prices may be divided into two or more different regions. The price and quantity information for one or more of the regions may be consolidated from price and quantity information from plurality of un-consolidated price levels. | 11-20-2014 |
20140344133 | Basket Option Hedging Method - A method and system for hedging a correlation risk associated with a basket option that includes a plurality of securities that includes the step of selecting at least two of the plurality of securities and, in the next step, forming a best-of option for the at least two of the plurality of securities. Finally, the best-of option is combined with the basket option to hedge the correlation risk associated with the basket option. | 11-20-2014 |
20140344134 | Model-Based Selection Of Trade Execution Strategies - Effective selection of trade execution strategies using a multi-dimensional model is disclosed. A relationship exists between order difficulty and execution strategy. Execution strategy depends on order difficulty, and order difficulty has many dimensions. The multi-dimensional model classifies trade orders according to the dimensions, and then maps these classified trade orders into suitable execution strategies. For each trade order, one or more appropriate strategies are automatically selected and presented to the trader to assist the trader in making an informed and timely decision. | 11-20-2014 |
20140344135 | METHODS AND SYSTEMS FOR PURCHASING SHARES OF AN INVESTMENT COMPANY - A method of purchasing shares of an investment company is provided. The method includes the step of (a) purchasing shares of an investment company to become a shareholder in the investment company, the investment company being selected from the group consisting of (i) a registered open end investment company, and (ii) an interval fund. The method also includes the step of financing, through a loan in the name of at least one of the shareholder and the investment company, a commission on the shares such that proceeds from the loan may be paid to at least one party due to receive the commission under a purchase agreement of the shares. | 11-20-2014 |
20140344136 | Distributed Server Side Device Architecture - An electronic trading method is provided. The method includes receiving a trading strategy order having a parent trading strategy including multiple quoting legs; splitting the trading strategy order into multiple child orders; and submitting each of the multiple child orders to exchange systems adapted to fill the quoting legs in the child orders. Each child order includes a child trading strategy having a single quoting leg or a reduced number of quoting legs relative to the parent trading strategy. The child trading strategies are the same as the parent trading strategy except for the number of legs marked as quoting legs. The method may be performed by a trading strategy device disposed between a client device and multiple server side devices. | 11-20-2014 |
20140344137 | CURRENCY TRADING PLATFORM WITH IMPROVED RISK MANAGEMENT - Systems, methods and software for processing and displaying information associated with a plurality of currency exchange transactions to a forex dealer in real time, i.e. substantially simultaneously with the receipt or placement of the associated transactions orders or position requests. | 11-20-2014 |
20140344138 | SYSTEM AND METHOD FOR MANAGING TRADING ORDER REQUESTS - A method of determining whether to approve trading order requests is provided. A request to place a first trading order is received from a user using a trading account associated with the user. A risk value is determined for the first trading order. A plurality of balances associated with the trading account are determined. The balances may include an available cash balance, an available credit balance, and an available waived margin balance for the trading account. A determination of whether to approve the first trading order is made based at least in part on the risk value for the first trading order and the available cash balance, the available credit balance, and the available waived margin balance determined for the trading account. If the first trading order is approved, the first trading order is placed. | 11-20-2014 |
20140351110 | BLOCK PLACING TOOL FOR BUILDING A USER-DEFINED ALGORITHM FOR ELECTRONIC TRADING - Certain embodiments provide a block placing tool for building a user-defined algorithm for electronic trading. Certain embodiments provide for receiving by a block placing tool a selection of one or more blocks. Certain embodiments provide for receiving by a block placing tool a mapping definition including a mapping between block types and/or attributes. Certain embodiments provide for placing blocks based on a selection of blocks and a mapping definition. | 11-27-2014 |
20140351111 | System and Method for Estimating Order Position - A system and method for providing order queue position information are disclosed. In this application, market updates are received for a tradeable object from at least one exchange. To the extent that the market updates do not include enough details to compute the queue position of a trader's working orders, estimation may be used. As a result, an order queue is generated to approximate a trader's order position in an exchange price order queue. An interface may be used to display the generated order queue estimation to the trader which provides valuable trading information. | 11-27-2014 |
20140351112 | CURRENCY TRADING PLATFORM WITH IMPROVED RISK MANAGEMENT - Systems, methods and software for processing and displaying information associated with a plurality of currency exchange transactions to a forex dealer in real time, i.e. substantially simultaneously with the receipt or placement of the associated transactions orders or position requests. | 11-27-2014 |
20140351113 | INTELLIGENT INFORMATION DISSEMINATION - The technology is suitable for any kind of distributed networks having different data rates on different connections and a computer system where the data to distribute is created. The system comprises one or more supersets of data to be distributed to client computers by extracting subsets of data from the superset(s) of data. Thereafter, the subsets of data are distributed to selected groups of clients based on information about the network architecture. This provides an efficient way of distributing data without having to duplicate distributed data. In example implementations, subsets may be distributed to clients based on a counter performance or a data rate of a client's connection to the computer system. | 11-27-2014 |
20140351114 | Repositioning of Market Information on Trading Screens - As market conditions descend or ascend an axis of prices, the display of market information is repositioned, at a pre-determined rate if desired, around an item of interest. An item of interest may include the best bid price, the best ask price, the inside market, a moving average, a last traded price, a theoretical value, the result of an equation, or some other item of interest to the trader. According to the present embodiments, market information may be displayed in a region relative to an axis of prices, and when an event occurs, a repositioning signal is initialized causing the axis to be repositioned such that the item of interest is positioned at a pre-determined location in the region. The price axis can be repositioned at a fixed rate or at a dynamically variable rate. | 11-27-2014 |
20140358756 | CURRENCY PRICING AND SETTLEMENT - A computerized system including a first processor to determine a difference between an actual settlement and a respective expected settlement for each of a plurality of client transactions, each client transaction having an expected settlement in a first currency and a transaction price in a second currency under which the transaction is performed, the transaction price being determined from the expected settlement using a respective time-limited guaranteed exchange rate between the first and second currencies, and each actual settlement in the first currency being determined from the transaction price using a third party exchange rate, such that for each client transaction any difference between an actual settlement and a respective expected settlement is at least in part due to a difference between the time-limited guaranteed exchange rate and the third party exchange rate; and a second processor to adjust, for each client transaction, a respective client account balance according to said difference. | 12-04-2014 |
20140358757 | SYSTEM AND METHOD FOR PROVIDING LATENCY PROTECTION FOR TRADING ORDERS - A system for managing trading orders comprises a memory operable to store an order associated with a first price. The system further comprises a processor communicatively coupled to the memory and operable to identify a latency value. The processor is further operable to receive a counterorder and to identify a potential trade associated with the order and the counterorder, the potential trade based at least in part on the first price. If the latency value satisfies a configurable condition, the processor is further operable to initiate a configurable period of time. If the potential trade is not valid upon expiration of the configurable period, the processor is further operable to prevent the execution of the potential trade. | 12-04-2014 |
20140358758 | SYSTEMS AND METHODS FOR AUTOMATED MANAGEMENT OF STANDARD CAPACITY PRODUCT AND CAPACITY PLANNING MANAGEMENT - Systems and methods are provided for instantly and electronically calculating estimated performance incentives and non-availability charges for Standard Capacity Product (SCP) and automating selling, buying and trading capacity to meet electricity market Resource Adequacy (RA) requirements. More specifically, the invention relates to systems and methods for instantly and electronically calculating estimated performance incentives and non-availability charges for SCP and automating selling, buying and trading capacity to meet electricity market RA requirements on a mobile device, or web interface. | 12-04-2014 |
20140358759 | Interfacing between a Dynamic Spectrum Policy Controller and a Dynamic Spectrum Controller - A dynamic spectrum arbitrage (DSA) system may include a dynamic spectrum policy controller (DPC) and a dynamic spectrum controller (DSC) that together dynamically manage the allocation and use of resources (e.g., spectrum resources) across different networks. The DSC and DPC may be configured communicate using a DSAAP protocol, component, or communication message. For example, the DSC may be configured to receive a list of resources that are available for bidding via a communication link to DPC using a DSAAP protocol, generate a bid request message to bid on a resource in the received list of resources, and send the bid request message to the DPC. The DPC may receive the bid request message from the DSC, determine whether the bid request message is valid, determine whether the DSC is a winner bidder, and sending a bid won message to the DSC via the communication link using a DSAAP protocol. | 12-04-2014 |
20140358760 | Computer Based Exchange Matching System and Method - There is provided a computer based system for arranging exchanges between individuals of a first group wishing to exchange a first type of items for a second type of items, and individuals of a second group wishing to exchange the second type of items for the first type of items. The system comprises a computer server with an offer interface for receiving offers from individuals of the first and second groups to exchange items at first exchange rates and second exchange rates, a display interface for outputting the offers for display, a request interface for receiving requests from the individuals of the first and second groups to make exchanges at the first exchange rates and second exchange rates, and a processor for confirming exchanges based on the requests and updating the offers that are sent for display based on the items remaining after each exchange. | 12-04-2014 |
20140358761 | SYSTEM AND METHOD FOR EXECUTING STRATEGY SECURITY TRADING - A computer implemented method and system for executing block trades for a security includes steps or devices for receiving a block trade request, at a computer system. The block request includes data representing a quantity of shares of the security to be traded over a period of time. The computer system divides the period of time into a plurality of time bins. A computer system, for the received block trade request, computes, for each time bin, a number of shares to be traded as a trading target based on at least historical trading volumes using predictive analysis. For a first time bin, a computer system generates executable trade orders for a number of shares to be traded that is substantially equal to the trading target for the first time bin. A computer system executes at least a portion of the executable trade orders in a trade forum within each time bin in the future. | 12-04-2014 |
20140358762 | Target Outcome Fund - A target outcome fund mimics an option in an underlying risky asset by holding a mix of the risky asset and a low-risk asset. The relative amount of the risky asset and the low risk asset held by the fund is rebalanced based on a comparison of a current target return and a current actual return of the fund. If the fund over-performs, the target outcome is increased accordingly to prevent the fund becoming overly invested in the risky asset, thereby protecting gains made. | 12-04-2014 |
20140358763 | Computerized Money Transfer System and Method - A computerized money transfer system implements a money transfer service for transferring money from a sending entity to at least one receiving entity. A plurality of agent terminals operable by agents of the money transfer service are interconnected by a communications network. A money transfer control system is connected to the communications network for controlling the implementation of the money transfer service. The money transfer control system includes an agent account data store storing account data for each agent and a transaction data store storing transaction data for transactions by agents implementing money transfers from a sending entity to at least one receiving entity. | 12-04-2014 |
20140358764 | SYSTEM AND METHODS FOR VALUING AND TRADING INTANGIBLE PROPERTIES AND INSTRUMENTS - A system and methods providing an exchange network for valuing and trading of intangible instruments, such as one or more rights to an intangible property including a given intellectual property (patents, copyrights, trademarks, trade dress, trade secrets and/or the rights of publicity). The system and methods permits a party to access a database of the intangible instruments including data relating to identifying value of the instrument. The system and methods permits a party to perform due diligence on the intangible instrument and, as a result, to formulate a bidding strategy for the intangible instrument that the bidder believes is appropriate. If the bidder and the owner reach agreement on the price, a transaction for the intangible instrument is executed between the parties. | 12-04-2014 |
20140365351 | COMMON ORDER QUEUE FOR MULTIPLE TRADING PLATFORMS - Methods, systems, and apparatuses, including computer programs encoded on computer-readable media, for receiving a trade from a client using a first platform of a plurality of platforms. Each of the platforms are configured to display a distinct compilation of information. The trade is placed in a queue accessible by the plurality of platforms. First indicia are provided associated with the trade from the first platform to the client. A request for trades in the queue is received from a second platform of the plurality of platforms. The trade in the queue is provided to the second platform responsive to the request for trades in the queue. Second indicia associated with the trade are provided from the second platform to the client. The second indicia is not available from the first platform. | 12-11-2014 |
20140365352 | SYSTEM AND METHOD FOR ADAPTIVE INFORMATION DISSEMINATION - In a distributed network, there are different data rates on different connections between a central computer system and remote terminal The central computer system includes one or more sets of data to be distributed to the remote terminals by extracting subsets of data from the set(s) of data. The subsets of data are distributed to selected groups of remote terminals based on an infrastructure load in order to adaptively distribute the data. | 12-11-2014 |
20140372271 | Systems and Methods for Processing Cleared Loan Deliverable Futures Contract Data - An exchange computer system may perform operations associated with cleared loan deliverable futures contracts. A holder of a long interest in a cleared loan deliverable futures contract may agree to pay a principle amount, at a designated future settlement time, in return for subsequent repayment of that amount with interest. A holder of a short interest in a cleared loan deliverable futures contract may agree to borrow the principle amount at the settlement time and to repay that amount, with interest, at the subsequent time. | 12-18-2014 |
20140372272 | Lack of Liquidity Order Type - Systems and methods are provided for matching orders. Orders are initially received at a central limit order book system. If an order remains unmatched or a portion of the order remains unmatched after a predetermined time period, order information is sent to a request for quote system. The request for quote system distributes a request for quote and provides any quotes to the original trading entity. An order may be matched at the central limit order book system or the request for quote system. | 12-18-2014 |
20140372273 | Automated Book-Entry Exchange of Futures for Interest Rate Swap (EFS) at Implied Current Coupon - Systems and methods are provided for liquidating existing deliverable swap futures contracts, such as deliverable interest rate swap futures contracts. An exchange determines non-par prices for existing deliverable swap futures contracts using estimates for future floating interest rate as selected by the exchange. The prices are listed and traders may submit notices of intention to liquidate existing deliverable swap futures contracts. The exchange matches notices and clears matched notices. | 12-18-2014 |
20140372274 | COUNTDOWN TIMING IN FINANCIAL INSTRUMENT TRADING HAVING A REPORTING OBLIGATION - A computer implemented method of facilitating a financial instrument transaction involving a market participant includes generating a first interface for the market participant configured for entry of data indicative of the financial instrument transaction, capturing data indicative of a timing of the financial instrument transaction based on the data entered via the first interface, determining, with a processor, a timeframe for reporting a price of the financial instrument transaction based on the data indicative of the timing, and generating a second interface for the market participant in which a timer is displayed, the timer being configured to display a time relative to the timeframe. | 12-18-2014 |
20140372275 | METHOD AND SYSTEM FOR PERFORMING AN OPENING AUCTION OF A DERIVATIVE - A method for determining execution states, market clearing prices and bid and ask prices for futures products at an opening auction. A plurality of orders is received, each order is associated with a price limit, a quantity, a participant and a futures product. For each order a quantity vector is determined, is based on the futures product associated with the order. Further, for each order a price vector is determined, based on the price limit and the futures product associated with the order. Then, an execution state vector is determined by using the determined price and quantity vectors to maximize an objective function subject to constraints. Market clearing prices and best, not executed, buy and sell orders are determined for each product using the execution state vector. Finally the bid and ask prices are given by the price limits of the best, not executed, buy and sell orders. | 12-18-2014 |
20140372276 | SYSTEM AND METHOD FOR REPLENISHING QUANTITIES OF TRADING ORDERS - A system for replenishing trading orders comprises a memory coupled to a processor. The memory stores a trading order comprising a total quantity of a product, and at least one formula to determine a displayed quantity for the trading order. The processor applies the formula to determine the displayed quantity. The processor further determines a reserved quantity based on the determined displayed quantity and the total quantity. The processor communicates the trading order having the determined displayed quantity and the determined reserved quantity. | 12-18-2014 |
20140372277 | SYSTEMS AND METHODS REGARDING TARGETED DISSEMINATION - One exemplary aspect comprises a computer-implemented method comprising: (a) electronically receiving, from a first securities market participant, data including information related to a first order and to one or more group rankings for dissemination; (b) electronically determining with one or more processors, based on data regarding a second securities market participant and the order information and group rankings, whether the second securities market participant has a second order, on the contra side of the first order, and whether, in accordance with the group rankings, the second securities market participant is qualified to receive information about the first order; and, (c) after, and only if, the second participant is determined to be qualified, transmitting information sufficient to display to the second securities market participant the information about the first order. | 12-18-2014 |
20140372278 | METHOD AND APPARATUS FOR IMPROVED ELECTRONIC TRADING - A method and apparatus for outputting data that represents the change in value of an options premium that would have resulted if the options traded in a direct linear volume relationship with its underlying security is provided. Input values utilized include a delta value, a gamma value, a value-weighted average price of an underlying stock, a reference price of the underlying stock, and an original order premium value. | 12-18-2014 |
20140372279 | ENERGY COLLABORATION PLATFORM - Methods and systems for managing the settlement processes for bilateral traded energy products in the wholesale energy industry including transaction selection, collaborative tie-out, invoicing, payment execution, dispute management, and credit management processes. One embodiment provides collaborative, on-line environments for performing tie-out activities, managing transaction disputes, processing invoices, making payments, managing credit exposure, and interactively communicating actions and comments. Embodiments can also provide automatic notification and alert sequences during the tie-out process, the invoicing process, the payment process, the disputed transaction process, and the credit management processor. The notifications and alerts can be provided publicly among counterparties as well as privately among users within a counterparty's organization. Another embodiment of the invention manages a configurable workflow sequence to fully automate review and approval of eligible matched transactions from tie-out through invoicing and payment between counterparties while simultaneously requiring users to take actions to manually process remaining out-trade transactions. | 12-18-2014 |
20140372280 | System and method of global electronic trade in the Internet - A system and method of global electronic trade in the Internet is provided. The method of global electronic trade for sellers and buyers via the Internet includes registering the sellers and the buyers; providing information regarding goods or services to the registered sellers and buyers; selecting of trade partners based on the provided information; holding tenders; conducting of transactions between the trade partners; conducting a post-transaction procedures; and protecting of information in the system of global electronic trade. In a basis of a method of global electronic trade are put: a method of creating of databases of structured information about offers of sellers and about requests of buyers; and a method of searching of trade partners. The method of creating of databases of structured information in the system of global electronic trade includes: filling an application form by sellers and by buyers; creation of the database of information about proposed goods and services, structured on the basis of the Global Classification of Branches of Economy, Goods and Services (GC) and on the basis of other data, included in this application form; creation of the database of information about requests of buyers, structured on the basis of the Global Classification of Branches of Economy, Goods and Services and on the basis of other data, included in this application form. The method of searching of trade partners includes a method of searching by sellers in database about requests of buyers, a method of searching by buyers in database about offers of sellers, forming a list of results of search, which has the same structure, as the specified databases; a procedure of interactive or automatic selecting of a needed data from the list of result of search. | 12-18-2014 |
20140372281 | STANDARDIZATION AND MANAGEMENT OF OVER-THE-COUNTER FINANCIAL INSTRUMENTS - A method of managing financial products is disclosed. The method includes receiving transaction parameters associated with a financial transaction, determining a standardized financial product, wherein the standardized financial transaction reflects the transaction parameters associated with the financial position, calculating a net present value position between the financial position and the standardized financial product, and clearing the net present value position through a clearing party. | 12-18-2014 |
20140372282 | System Providing Commodity Price-Move Protection for Small Risk Holders - A system for providing small to medium sized entities commodity price move protection is disclosed. The system may have the steps of receiving information from a client, selecting an appropriate commodity instrument, aggregating the client with other clients, and selecting an appropriate hedge in the event that the instrument provides for more protection than is sought by the aggregated clients and protection for the service provider is desired. | 12-18-2014 |
20140379544 | METHODS AND SYSTEMS FOR EXPEDITED TRADING ACCOUNT FUNDING - A computer-implemented method is provided for opening an expedited account for a user. The method includes receiving a request from the user to make a trade associated with at least one financial instrument, in the absence of an account being opened for the user. The method includes determining a plurality of factors in response to the request, the plurality of factors including 1) a credit worthiness score of the user; 2) a source of capital identified by the user to cover the trade; and 3) a type of the at least one financial instrument associated with the trade. The method also includes opening the expedited account for the user with limited trading privileges, in which an amount of fund for trading is advanced to the user based on the plurality of factors. The method further includes allowing the user to make a trade up to the amount of fund advanced. | 12-25-2014 |
20140379545 | METHOD AND INTERFACE FOR PRESENTING LAST TRADED QUANTITY INFORMATION - Trading software may receive trading information from an exchange. The trading software may use the trading information to compute an estimate of last traded total sweep quantity. The trading software may also display the last traded total sweep quantity on a trading screen. | 12-25-2014 |
20140379546 | MULTI-BROKER ORDER ROUTING BASED ON NET POSITION - The disclosed embodiments provide tools for multi-broker order routing based on net position at a broker. The net position of a user at a broker to receive a portion of a trade order is considered when allocating the quantity for the trade order to multiple brokers. | 12-25-2014 |
20140379547 | Method for Aggregating Intellectual Property and Services In An Exchange - The present invention relates to methods of aggregating and valuing intellectual property in a financial exchange. The present invention provides means whereby holders of intellectual property rights may sell, or license intellectual property to an aggregator and receive shares of stock or cash for the contribution based on the aggregated value of the intellectual property held by the aggregator. | 12-25-2014 |
20140379548 | System and Method for Displaying Risk Data in an Electronic Trading Environment - An example graphical interface and method for displaying risk related data are described. One example graphical interface includes a data structure comprising a plurality of data nodes and at least one risk data point associated with each node, and further comprises a display grid. The display grid includes one or more cells that are used for displaying selected data nodes and risk data points. Each cell may be associated with a single data node, and may include one or more identifiers corresponding to risk data points of the data node. In one example embodiment, the identifiers are aligned along a single axis, and risk related data corresponding to each identifier is aligned with respect to each corresponding identifier. | 12-25-2014 |
20140379549 | System and Method for Aggregating Fixed Income Securities Data - Aggregating fixed income securities data from multiple market venues. Sets of data describing one or more fixed income securities are received from each of multiple market venues by a computer processor. Data contained within each of the sets of data is filtered to identify key/value data common to each set of data, the key/value data comprising, for each of the fixed income securities, securities industry identifier codes; a bid price; an ask price; a bid size; an ask size; a bid yield; an ask yield; a last trade price and quantity for executed trades; an execution time stamp; and a reference price. The filtered data is stored in a data repository. | 12-25-2014 |
20140379550 | Blending Methodology for Settling Swaption Volatility Cube and Prices - Systems and methods are provided for determining volatility levels for swaptions. End of day volatility data from swaption dealers. The data may be blended to obtain averaged data and then a modified SABR model may be used to fit a smile to the data points. The modified SABR model models density instead of implied volatility. | 12-25-2014 |
20140379551 | INSTANTLY BACK-TESTING TRADING STRATEGIES IN AN OPTIONS PORTFOLIO - A technique for options trading, and more specifically, to analyzing an options trade instantaneously that may be live or potentially initiated. | 12-25-2014 |
20140379552 | GENERATING MARKET INFORMATION BASED ON CAUSALLY LINKED EVENTS - Certain embodiments provide systems, apparatus, and methods to analyze incoming data messages and create market information constructs. An example method includes receiving a data message including an instruction to initiate a market event. The example method includes evaluating the instruction to determine whether it is associated with two or more causally linked market events. The example method also includes classifying the instruction based on the evaluating as part of a sequence of causally linked market events or as a single market event. The example method includes queuing the sequence of causally linked market events. The example method further includes detecting an end of the sequence of causally linked market events. The example method includes constructing a logically reduced market data message construct descriptive of the one or more market events represented by the queued sequence of causally linked events. | 12-25-2014 |
20140379553 | METHOD AND A SYSTEM FOR SENDING AN ELECTRONIC MESSAGE - Disclosed is a system for reducing latency. A message sender can send to an electronic message receiver an electronic message portion comprising at least one of a plurality of data packages for transmission that an electronic message has been divided between. The plurality of data packages has more data packages than expected by the electronic message receiver. An electronic trigger information receiver can receive electronic trigger information. The message sender can send to the electrical message receiver the remaining of the plurality of data packages in response to receipt of the electronic trigger information. A data formatter can format each of the plurality of data packages to cause the electronic message receiver to hold the at least one of the plurality of data packages when received in anticipation of receiving the remaining of the plurality of data packages and subsequently combine the plurality of data packages once received. | 12-25-2014 |
20150012401 | NEGOTIATING TRADES ON AN ELECTRONIC TRADING SYSTEM - A method and system for negotiating trades on an electronic trading system are presented. An intra-trading-system part-to part negotiation is enabled by receiving a trade negotiation request with respect to a selected order from a user, forwarding the trade negotiation request to a submitter of the selected order; receiving an accept or a reject to the trade negotiation request from the submitter, and initiating an intra-trading-system part-to-part negotiation procedure between the user and the submitter if the negotiation request is accepted by the submitter. | 01-08-2015 |
20150012402 | Trading System License Verification, Management and Control - A system and method for trade order verification. The system includes an exchange and a trading device. A license key associated with a trading device is communicated to the exchange. The license key is validated, at the exchange, against an authorized list. The trading device generates, and communicates to the exchange, a trade order relating to one or more tradeable objects traded at the exchange. The exchange executes the trade order if the license key is validated. A market update related to the trade order is communicated to the trading device. | 01-08-2015 |
20150012403 | Attention-Based Trading Display for Providing User-Centric Information Updates - A system, method, and non-transitory computer-readable information recording medium displays information to a user. Market data having a first portion and a second portion is displayed on a display unit of a trading device. A user focus area is detected, at the trading device. The user focus area is associated with one of the first and second portions of the market data. A first priority is assigned to the one of the first and second portions of the market data and a second priority is assigned to another one of the first and second portions of the market data. The first priority is higher than the second priority. The market data in the first and second portions is updated as a function of the first and second priorities, respectively. | 01-08-2015 |
20150012404 | Displaying Market Data in Multiple Formats - Some embodiments of the invention provide systems and methods for displaying market data which are operatively configured to alternate the presentation of the market data between multiple formats responsive to a user selection, wherein at least one of the formats is condensed by converting numerical values to graphical or visual representations thereof which reduces the amount of cognitive workload required to review, detect, and monitor the market data, among other things, while also continuing to convey useful information that facilitates the execution of trades in tradable objects. | 01-08-2015 |
20150012405 | Market Data Display Including Order Availability Indicators - Some embodiments of the invention provide systems and methods for displaying market data which are operatively configured to present the minimum remaining time available for a trade order to be placed for a tradable object at any given price by converting numerical values to graphical or visual representations thereof for reducing the amount of cognitive workload required to review, detect, and monitor the market data, among other things, while also continuing to convey useful information that facilitates the execution of trades in tradable objects. | 01-08-2015 |
20150012406 | Dynamic Generation of Order Entry Fields on a Trading Interface - Some embodiments of the invention provide systems and methods for displaying market data for a tradable object which are configured to generate order entry fields for display responsive to user input wherein the generated fields are automatically associated with a price for the tradable object to facilitate the timely placement of a trade. | 01-08-2015 |
20150012407 | SYSTEM AND METHOD FOR PROCESSING AND DISPLAYING QUANTITY INFORMATION DURING USER-CONFIGURABLE TIME PERIODS - A system and method for displaying quantity related information determined for a plurality of time periods are described. According to one method, a trader may define one or more time periods for which a trading application may determine traded quantities, traded buys, traded sells, or other quantity related information at a plurality of price levels during the defined time periods. The trading application may then graphically display the quantities for each time period in relation to the static axis of prices. The method further includes periodically updating the displayed traded quantity to reflect the quantity during the defined time period, where the quantity is updated based on subsequent market updates that are received from the exchange for the tradable object. | 01-08-2015 |
20150012408 | Interactive grid-based graphical trading system for real time security trading - An interactive grid-based graphical trading system for use in securities trading provides a dynamic, visual display of trading data consisting of orders, quotes and indices, for any security and for any number of market participants. The trading data are plotted on a grid consisting of cells arranged in rows and columns, which are associated with specific parameters. Distinct visual presentation styles are used, and differences in the price parameter are represented spatially. The values of the price and other parameters associated with the same orders and quotes are mapped against the values associated with the rows and columns of the grid. A trader may place or modify trading orders by interacting with the trading data displayed on the grid, and with specific GUI objects displayed on the same grid. Trading instructions are generated and transmitted to a market participant, in a manner transparent to the trader. | 01-08-2015 |
20150012409 | METHOD AND SYSTEM FOR FACILITATING A CROSS-CURRENCY TRANSACTION - A method and a system for facilitating a transaction between a first party and a second party, the first party operating in a first currency, the second party operating in a second currency different from the first currency are provided. The method includes receiving, at a host computer system, transaction information, the transaction information comprising at least a transaction amount in an agreed settlement unit and a first date. The agreed settlement unit is the first currency, the second currency, an intermediate currency or an intermediate settlement unit. The method further has a step of receiving at least one agreed settlement unit exchange rate at the first date; and computing a settlement amount in the agreed settlement unit based on a plurality of transaction parameters and an apportionment method. | 01-08-2015 |
20150012410 | GOVBRAIN.TM. METHOD, APPARATUS, AND COMPUTER SOFTWARE - An apparatus for, computer software for, and automated method of predicting security price fluctuations comprising identifying potentially relevant news and government information relating to the security, parsing the potentially relevant news and government information, determining relevance of the potentially relevant news and government information to the security, and predicting a price move strength and direction for the security based upon relevance. | 01-08-2015 |
20150012411 | SYSTEM AND METHOD FOR USER DEFINED MARKETS FOR ELECTRONIC TRADING - A system and method for user defined markets for electronic trading is disclosed. In one embodiment, a technology platform is provided that allows a user to define a new market for electronic trading and automatically generate the new market for live trading. In one embodiment, the new market is automatically tested using a trading simulator that simulates the new market for electronic trading. | 01-08-2015 |
20150012412 | SYSTEM AND METHOD FOR GENERATING REAL-TIME INDICATORS IN A TRADING LIST OR PORTFOLIO - A trading platform computer system for detecting an abnormal trading condition of a security uses real-time and estimated values of one or more variables associated with the condition of the security to generate one or more analytic metrics that are compared to empirical distributions based on one or more peer groups for the security. An indicator can then be displayed to a trader as an indication of the abnormal condition. | 01-08-2015 |
20150012413 | TRADING OF ILLIQUID GOODS, SERVICES, INSTRUMENTS OR COMMODITIES - Traders are notified of a computed tradeable price for an object of commerce. The computed tradeable price is calculated by a computer in conformance to a standard published to traders in a market for the object of commerce. The standard specifies rules for calculating the tradeable price based on orders received or trades executed in the market. Based at least in part on the computed tradeable price, trades are executed or negotiated, or negotiating offers are exchanged among the traders | 01-08-2015 |
20150019397 | Dynamic Market Order Execution Validation Mechanism - A system, method, and non-transitory computer-readable information recording medium allows a user or trader to prepare, and send to an exchange, a trade order using a trading device. The trading device receives market data from an exchange and displays the received market data on a display unit of the trading device. The trading device also receives a trade order instruction via an input device at the trading device and detecting an occurrence of a market update as a function of the received market data within an established trade order time period associated with a time at which the trade order was received. If the occurrence of the market update was detected during the established trade order time period, the execution of the trade order is prevented. | 01-15-2015 |
20150019398 | TRADING ORDERS WITH DECAYING RESERVES - In various embodiments, an apparatus includes a processor and a memory. The memory is communicatively coupled to the processor. The memory stores software instructions that, when executed by the processor, cause the processor to receive a trading order for a particular quantity of a trading product. The trading order specifies that a first portion of the particular quantity is a displayed quantity and that a second portion of the particular quantity is a reserved quantity. The trading order specifies at least one of a decay rule, a decay interval, a decay rate, decay quantity, and one or more conditions. The software instructions, when executed by the processor, cause the processor to cause the reserved quantity to decay based at least in part on at least one of the decay rule, the decay interval, the decay rate, and the decay quantity, and one or more conditions. | 01-15-2015 |
20150019399 | TRADING CIRCLES - The disclosed embodiments provide trading circles. An example method includes defining a group having a plurality of members, wherein one or more of the plurality of members interacts with an exchange that facilitates market transactions; detecting a first interaction of a first group member with the exchange; and communicating, in response to detecting the first interaction, data related to the first interaction to a second group member before the first group member receives confirmation of the first interaction from the exchange. | 01-15-2015 |
20150026028 | Method for listing and trading a futures contract that has a daily mark to market against an index therefore allowing interest rate swaps to be substituted by constant maturity futures contracts. - A method for trading an index based on a notional contract using a futures contract where the futures contract is marked to the value of the index on a daily basis rather than only on expiry of the future. In one aspect of the invention the futures contract can be further adapted to have no expiry date, and the mark-to-market used to tie the contract to the underlying market. This construction is particularly useful when trading interest rate products, where the interest rate sensitivity of the International Money Market Dates for expiry changes the nature of the hedge. | 01-22-2015 |
20150026029 | LARGE BLOCK TRADING - Systems and methods for administering trade orders are described. An embodiment comprises receiving, from a first server operated by a first trader, a communication including a first trade order and one or more selection criteria, the first trade order including at least one of a specified instrument, a specified quantity, and a specified price; determining that a database of trade orders does not contain a trade order matching the first trade order; identifying a plurality of traders satisfying the selection criteria; sending, to a plurality of second servers, a query including at least one of the specified instrument, the specified quantity, and the specified price; receiving, from a one of the plurality of second servers operated on behalf of a second trader, a positive response to the query; and facilitating execution of a trade between the first trader and the second trader for the specified instrument at the specified price. | 01-22-2015 |
20150026030 | SYSTEM AND METHOD FOR TRADING FINANCIAL INSTRUMENTS BASED ON UNDISCLOSED VALUES - In electronic trading venues, there may be orders for which the full information is not publicly displayed. For example, the full quantity of an order available for trading or the most aggressive price at which an order can be traded may not be made public. A system and method are disclosed that facilitates trading based on this non-public information. A first order associated with a financial instrument is placed at a venue to probe for non-public information related to the financial instrument. The results of the probe may then be used to place a second order at the venue that takes advantage of any discovered non-public information. | 01-22-2015 |
20150026031 | Method of Negotiating Currency Exchanges - A method of negotiating currency exchanges is provided as a means of allowing users to search for currency offers and negotiate exchange prices through a currency exchange network. The currency exchange network facilitates currency exchanges by serving as an intermediary that helps users find currency exchange offers near them, negotiate prices for the currency exchange, and rate users following the completion of the currency exchange transaction. The method permits users to search for available currency offers based on location parameters. Additionally, the method allows users to submit currency exchange offers viewable by all users of the network or by select group of trusted users. Furthermore, the method permits users to transfer existing contact groups from partenered social networks to populate their list of trusted contacts. | 01-22-2015 |
20150026032 | MARKET TRADING - An interaction facilitating platform conveys interactions between an individual investor and one or more traders to establish a binding agreement that can define investments made with the individual investor's funds based upon the one or more trader's transactions in a market. | 01-22-2015 |
20150026033 | EFFICIENT SELF-MATCH PREVENTION IN AN ELECTRONIC MATCH ENGINE - Protections against self-matching trade orders are disclosed which maximize liquidity/efficiency by reducing/minimizing unnecessary cancelations and/or resubmissions. Rather than automatically cancel or modify the incoming and/or self-matching counter orders, those resting counter orders, which would result in the occurrence of a self-match with an incoming order, are placed in a hold state or otherwise set aside such that the incoming order may be matched with other non-self-matching orders. The held orders are subsequently returned to the order book at the same, or different, priority to await a subsequent incoming order. Where the incoming order is not fully satisfied, only self-matching counter orders are identified or the return of held orders would result in a crossed order book, a trader may include instructions with the incoming order directing the system to cancel the self-matching resting orders, cancel the incoming order, decrementing the quantity of the larger of the incoming and self-matching resting orders by the quantity of the smaller thereof, or take some other action. | 01-22-2015 |
20150032590 | APPARATUS AND A METHOD FOR CREATING A HIGH SPEED FINANCIAL MARKET DATA MESSAGE STREAM - A matching engine message stream generator of an electronic exchange platform generates protocol-specific market data messages use and includes a first interface created on a reconfigurable logic device that receives matching engine message(s) with a source specific format from a matching engine. Based on a set of pre-defined conditions, the first interface filters out and discards messages of source specific format. The message stream generator further includes a buffer on the logic device that stores undiscarded messages of source specific format. The message stream generator also includes logic on the logic device that converts stored message(s) in source specific format into a market data message in a standardized format and generates a stream of market data messages having that standardized format. The message stream generator includes a second interface on the logic device that transmits the stream of converted market data messages. | 01-29-2015 |
20150032591 | COLLATERAL SEGREGATION, ALLOCATION, AND MANAGEMENT SYSTEM AND METHOD - A system for managing collateral in one or more financial transactions includes one or more processors, at a securities intermediary to the one or more financial transactions, configured to execute one or more computer program modules. The program modules are configured to establish an individual segregated account for each of a plurality of pledgors, receive a lock-up amount from one or more secured parties for one of the plurality of pledgors, receive a request to post collateral from an account of the one of the plurality of pledgors to the individual segregated account associated with the one of the plurality of pledgors, and allocate collateral from the account of the one of the plurality of pledgors to the individual segregated account associated with the one of the plurality of pledgors, for the benefit of the one or more secured parties, the collateral being at least equal to the lock-up amount. | 01-29-2015 |
20150032592 | Automated Options Trading System That Generates a Flattened Trading Spread - Disclosed herein are system, method, and computer program product embodiments for generating a flattened trading spread. An embodiment operates by receiving one or more inputs indicating criteria for a potential trade including a stock, a predicted direction for the stock, a predicted duration for the predicted direction, a tolerable probability of success, and a tolerable percentage of potential loss from an account. A scan on the stock within the predicted duration is executed against a database containing real-time quotes and associated trading data. Results returned from the executing are processed to determine if each result accords with one or more strategies determined to meet the criteria. For each result determined from the processing to accord with a strategy, a flattened spread is calculated based on the criteria, the flattened spread comprising: a probability of success, a measure of return, and a measure of risk. | 01-29-2015 |
20150032593 | METHOD AND SYSTEM FOR CURRENCY EXCHANGE BY POINT OF CONVERSION - In one embodiment, one use of the disclosed method/system is for any multinational entity or individual performing currency exchanges is for business or personal use. This embodiment will greatly enhance the Transparency of the Cash Conversion Process at the ACTUAL POINT OF CONVERSION (POC), revealing dealt and offset pricings and TIME thereof thus providing the customer with a complete report of conversion as with any commodity conversion. With the POC method, the client will have a substantially complete accounting of the value of the funds conversion from one region's currency to another. | 01-29-2015 |
20150032594 | PRODUCTS AND PROCESSES FOR GENERATING A PLURALITY OF ORDERS - A trading platform and trading method that permit calculation of a price is described. Other embodiments are also described. | 01-29-2015 |
20150032595 | METHOD AND APPARATUS FOR TRADING SECURITIES - The present invention relates to a method and apparatus for transaction securities. According to the present invention, a disposal restriction on securities can be set or canceled by setting up a security right or creating other contracts according to an enterprise declaration of will. Also, according to the present invention, securities liquidity and stability can be increased by enabling an owner of securities to dispose of the securities having a disposal restriction set through a sell restriction management agreement, as well as by imposing certain restrictions on disposal. | 01-29-2015 |
20150032596 | SYSTEM AND METHOD FOR MATCHLESS POST-TRADE PROCESSING - Techniques for managing the trading of financial instruments using a central utility including one or more storage devices for storing a set of rules for confirmation in the trading of financial instruments. One or more processors are operatively coupled to the storage devices and one or more transmitters and receivers and configured to receive trade messages sent over a network between a buy-side party and a sell-side party, validate the trade messages between the parties, and generate an electronic file including an enriched trade report based on at least the trade messages, the set of rules, and allocation information including one or more trades. The electronic file including the enriched trade report is transmitted over the network to at least one of the buy-side party and the sell-side party. | 01-29-2015 |
20150032597 | ONLINE EXCHANGE FOR PERSONAL DATA - Technology is disclosed for an online exchange for personal data. In various embodiments, the technology receives data (e.g., geographic location data and/or personal data); determines whether the first user is to be compensated based at least on the received data; and if the first user is to be compensated, provides a compensation to the first user. | 01-29-2015 |
20150039485 | BILLING TRANSACTION CURRENCY NORMALIZATION - An apparatus and method for processing of transactions that originate in differing currencies is described herein. More particularly, a currency conversion is described that occurs during for the purposes of counting transactions and charges while rate calculations such as the application of a discount occur in the multiple, different underlying currencies. Thus, the converted or standardized currency is used to determine if thresholds are satisfied and not for setting or calculation of charges. | 02-05-2015 |
20150039486 | GENERATING A DESCRIPTION OF, AND AN OFFER TO TRANSFER OR A SOLICITATION OF AN OFFER TO ACQUIRE, AN ASSET THAT INCLUDES AT LEAST ONE RETREATMENT CONTRACT - An embodiment of a method includes generating a description of an asset that includes at least one retreatment contract, and generating an offer to transfer, or a solicitation of an offer to acquire, the asset. The asset may also include one or more instruments other than the at least one retreatment contract. Such an embodiment may allow a party to a retreatment contract to diversify its risk, or to recoup at least a portion of the fee it paid under the contract. An example of a retreatment contract includes a party paying a fee (e.g., an insurance premium) for another party to take an action (e.g., pay money to the party) if a subject treated for a condition is retreated for the condition, for a complication arising from the treatment of the condition, or for another reason, within a specified time period. | 02-05-2015 |
20150039487 | SYSTEMS AND METHODS FOR INVESTABLE DELEVERING - The present disclosure is directed toward generating indexes of unlevered asset returns based on the returns of constituents that employ leverage in the return-generating process, without exposing investors to significant tracking error. Data an amount of debt, cost of debt, implied market capitalization, and relative weights are compiled for each constituent of an index of returns of entities employing leverage. Additionally, return data are compiled for each exchange-traded product producing returns relevant to the cost of leverage employed by at least one of the constituents. Using the collected data, absolute weights of each constituent and each exchange traded product in an index of unlevered asset returns are determined. The index of unlevered asset returns may then be generated according to the constituents, the exchange-traded products, and the absolute weights. | 02-05-2015 |
20150039488 | System and Method to Provide Informational Depth via a Gradient Indicator - Example methods, systems, and computer-readable media are disclosed and described to display trading information via a trading interface. An example method to display trading parameters via a graphical trading interface includes defining a first user interface element to be displayed in the graphical trading interface at a computing device. The example method includes identifying a first trading parameter to be displayed via the first user interface element. The example method includes determining a second trading parameter to be displayed with the first trading parameter via the first user interface element, the second trading parameter to be display concurrently with but discernible from the first trading parameter via the first user interface element. The example method includes displaying data relating to the first trading parameter and data relating to the second trading parameter via the first user interface element. | 02-05-2015 |
20150039489 | Electronic Trading Platform and Method Thereof - A computerized trading system having a plurality of independent trading environments for trading quotes relating to financial instruments received from quoting firms. A multicast data bus provides communication between a matching engine, a plurality of edge applications operating in each independent trading environment, and an order gateway which is common to the plurality of independent trading environments. Quotes are received from the quoting firms at the respective quote interface applications. The quotes are placed in the respective assigned areas of the shared memory. The matching engine matches the received quotes by polling and processing each area of the shared memory. The matching engine, upon completion of polling all areas of the shared memory, checks a port of the multicast data bus to receive messages transmitted by the edge applications and to receive incoming orders for financial instruments from the order gateway. | 02-05-2015 |
20150046309 | COMMODITY CURVES BASED ON DERIVATIVE CONTRACT SPECIFICATIONS - A system receives a commodity identification, a curve type, and a curve category. The system also receives an interpolation identification, an extrapolation identification, a read procedure, and a maximum number of days for a readback. The system further receives contract data, the contract data including a market identifier code, a derivative contract specification (DCS) identification, and a price type. The system uses the contract data to generate a commodity curve based on DCS, and displays the commodity curve based on DCS on an electronic display unit. | 02-12-2015 |
20150046310 | System and Method for Buy-Side Order Matching - Techniques for buy-side order matching in the trading of financial instruments using a centralized matching engine having one or more storage devices including rules and order parameters for a plurality of buy-side parties. The centralized matching engine includes one or more transmitters and receivers communicatively coupled to a network and one or more processors operatively coupled to the one or more storage devices and the one or more transmitters and receivers. At least one message sent over the network by a plurality of buy-side parties and is received by the central matching engine to set the rules or order parameters. At least one order of at least two of the plurality of buy-side parties is matched based on the rules and the order parameters. A message is transmitted over the network to a sell-side party indicating that trade negotiation can commence. | 02-12-2015 |
20150046311 | System and Method for Improved Order Entry Using Market Depth - Market depth information pertaining to the hedging side is utilized to intelligently break a non-hedging order into multiple orders, such that the orders rest at cascading price levels. This way, the trader can benefit from sweeps in the book and still properly account for the market depth on the hedging side. Further, there is a greater probability of receiving “partials” on the spread order. In addition, hedge orders may be sent at multiple price levels, or sent to the market in pieces over time. By applying a more intelligent process to hedge orders (as opposed to “fire and forget”) an alternative beyond limit orders that can be legged or market orders is provided. | 02-12-2015 |
20150046312 | SYSTEM AND METHOD FOR RISK MANAGEMENT USING AVERAGE EXPIRATION TIMES - A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Average expirations for the generic spread are computed. Using the spread positions, the average expirations and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders. | 02-12-2015 |
20150046313 | Distributed software system and communications terminal to increase situational awareness in derivatives trading - A distributed software application and communications terminal which allows for increased situational awareness and faster, more informed decision making for both floor and non-floor exchange derivatives traders. The present invention gives traders an enhanced situational awareness perhaps analogous to the way tactical cockpit displays give a fighter pilot enhanced situational awareness. The present invention has several closely interrelated modes and embodiments tailored to allow traders to maintain instant-glance situational awareness of a market, or of several markets, simultaneously. The present invention presents a novel way of presenting an alert for a significant trade, or for targeting yields, via a plethora of modes and specially juxtaposed graphical layouts, which the inventors have tested on themselves and upon beta-tester users, which showed a measurable improvement in mental awareness times, and overall quickness of mental perception of each alert over other existing systems. The present invention is suitable for beginner traders as well as professionals. | 02-12-2015 |
20150046314 | Computerized System for Trading - A server processing system, method and computer readable medium for determining a trading entity for receiving a trade order. In one aspect the server processing system is configured to: receive client data from a plurality of client processing systems; store the client data received from the plurality of client processing systems in memory; receive parameters of a trade order; and determine, based on at least some of the client data stored in memory and parameters of the trade order, a preferred trading, wherein the trade order is transferred to the preferred trading entity to execute the trade. Additionally, the server processing system can manage and maintain a fund where suitable users are identified based on the client data to place a trade order on behalf of the fund. Other users are able to invest in the fund. | 02-12-2015 |
20150046315 | SYSTEM AND METHOD FOR CONTROLLING MARKETS DURING A STOP LOSS TRIGGER - A system mitigates the effects of a market spike caused by the triggering and the election of a conditional order in an automated matching system. The system includes evaluation logic, delay logic, pricing logic and timing logic. The evaluation logic monitors conditional orders submitted to a trading engine and is configured to compare a price of an order to a first predefined price range. The delay logic delays matching of the orders submitted to the trading engine when the price of the orders lie outside of the first predefined price range. The pricing logic derives an opening price to be used by the trading engine. The timing logic measures a time interval used to delay a matching of the orders until the opening price is within a predefined price range up to a maximum delay time set by a control center. A method of mitigating the effect of a market spike caused by the triggering and the election of a conditional order includes monitoring conditional orders submitted to the trading engine. The method compares the price of a conditional order to a first predefined price range and delays the matching of orders submitted to the trading engine when the price of the conditional order lies outside of the first predetermined price range. The method derives an opening price to be used by the trading engine; and measures a time interval used to delay the matching of the orders until the opening price is within a predefined price range up to a maximum delay time set by a control center. | 02-12-2015 |
20150046316 | SYSTEM AND METHOD FOR OPERATING A COMPETITIVE SPORTS MARKET BASED ON RANKING - A method of operating a market for a plurality of participants to invest in a plurality of competitors using a computer system includes: storing a plurality of share holdings of the participants in the computer system; storing a plurality of credit balances of the participants in the computer system; and redeeming shares at the conclusion of a period in the computer system, wherein redeeming shares includes: calculating an amount that the credit balance of each corresponding participant of the participants should be modified in accordance with a plurality of values of corresponding ones of the shares at the conclusion of the period and the share holdings of the corresponding participant, and determining the values of the shares based on a benchmark ranking of the competitors at the conclusion of the period. | 02-12-2015 |
20150052037 | SYSTEMS AND METHODS FOR TRADING A TRADE LIST IN FINANCIAL MARKETS - Systems and methods are provided for maintaining neutrality while trading a list of securities using an algorithmic trading facility coupled with at least one destination. This destination includes at least one alternative trading system (ATS). This facility is coupled, via an electronic data network, to a plurality of trading clients, and configured to receive a trade request to trade a list of securities from a trading client. This request includes user defined trading constraints that are used to generate and transmit trade orders to at least one ATS. The orders are transmitted based on trading data related to the destinations, the trade list, and the trading constraints. The facility can identify each executed trade corresponding to the trade orders and calculate a trade imbalance. The facility can determine whether the trade imbalance exceeds the trading constraints, and reallocate one or more of said submitted orders based on this determination. | 02-19-2015 |
20150052038 | Systems and methods for providing a customizable spreadsheet application interface for an electronic trading system - Systems and methods for providing a customizable spreadsheet application interface for an electronic trading system or market data source. A customizable spreadsheet application using the application interface according to the invention may be executed or stored either at the client or at a server. In either case, a user is preferably provided with an spreadsheet interface that allows the user to implement a real time electronic trading model. The trading model may preferably be used to trade in the electronic trading system without additional user intervention. | 02-19-2015 |
20150052039 | SYSTEM AND METHOD FOR TRADING COMMODITIES AND THE LIKE - A system for trading commodities and the like comprising a computer, a communications link between the computer and the Internet, a database, accessible by the computer, containing a plurality of user files wherein each of the user files contains a plurality of transaction parameters corresponding to one or more indications associated with the user file. The transaction parameters govern the presentation and acceptance of indications associated therewith. The system further includes a database, accessible by the computer, containing a plurality of indications wherein each of the indications contains information corresponding to open bids or offers for commodities, and an indication selection submitted by a user over the communications link. Software executing on the computer receives the indication selection, retrieves an indication corresponding to the indication selection from the indication database, queries a user file in the user database corresponding to the indication to determine transaction parameters associated with the indication, and presents the indication to the user in accordance with any determined transaction parameters. | 02-19-2015 |
20150058193 | METHODS FOR POST-TRADE ALLOCATION - A computer-implemented method for providing an allocation of a filled order made at a particular time, that involves receiving at least a price of a filled order made at a later time; generating a starting allocation across multiple managed accounts based at least in part on allocation factors of each of the multiple managed accounts; generating at least one additional allocation based at least in part on the starting allocation; determining a closest-fitting allocation according to a metric from amongst the starting allocation and the at least one additional allocation, the metric being based at least in part on the price of the filled order made at the later time and on a price of the filled order made at the particular time; and outputting the closest-fitting allocation. | 02-26-2015 |
20150058194 | System and Method for Multi-Market Risk Control in a Distributed Electronic Trading Environment - A system and method are provided for distributed risk management. According to one example embodiment, a central risk controller is provided that can communicate with a plurality of local risk management modules located at a plurality of gateways. The central risk controller may allocate a portion of a central account balance associated with a trading account to each local risk management module. Then, as the trades are made using the trading account, the local risk management modules may manage risk associated with the trades until the local account balance is insufficient. As the account balance gets low, the local risk management module may query the central risk controller for the additional risk account balance. | 02-26-2015 |
20150058195 | SYSTEM AND METHOD FOR MONITORING AN EQUITY RIGHTS TRANSACTION FOR STRATEGIC INVESTORS IN A SECURITIES EXCHANGE - A system and method for monitoring an equity rights transaction for strategic investors in a securities exchange. More specifically, a technological infrastructure which monitors an equity rights program in which units representing the right to acquire equity in an exchange or an exchange's parent holding company are issued to a participating member in exchange for a cash payment and the achievement of certain volume thresholds on the exchange over a specified period. | 02-26-2015 |
20150058196 | Systems and Methods for Managing Trade Exposure - Methods and supporting systems for updating an order type within a trade execution server for a single trading entity having multiple independent traders includes receiving, via an electronic network, a trade order for a hard-to-borrow security from multiple independent traders, and, periodically calculating an overall net position for the hard-to-borrow security for a single entity for which the traders are operating. If the trade order is a sell-long order and the net position for the corresponding security is net short, the trade order is converted to a sell-short order, and if the trade order is a sell-short order and the net position is net long, the trade order is converted to a sell-long order. The converted trade order is then transmitted to a trade execution engine for market execution. | 02-26-2015 |
20150066725 | Trend trading method - A system and method designed as a technical tool to accurately analyze the real time market trend dynamically in a simple effective way and also provide a simplified analysis that is easy to understand. A system and method that provides a user with more intuitive control of interface interactions and graphical interface visualization. The system and method of the present invention includes a trend stick chart, a power volume line, a 10 and 20 moving average line, and a price trend line. A trend trading method includes the steps of collecting price data of a tradable object in a given period in a market; generating the trend stick chart, the power volume line, the 10 and 20 moving average line, and the price trend line; combining and displaying the trend stick chart, the power volume line, the 10 and 20 moving average line, and the price trend line to form a resulted analysis for analyzing the tradable object in the market. | 03-05-2015 |
20150066726 | Method and Apparatus for Facilitating Entering Deals and Assets Using Natural Language Processing - The system offers light, fast, cost effective natural language processing software for energy trades. The system software provides users with real-time answers to questions and reconciliation on position, profitability, and risk, for deals concerning any energy market, including electricity, natural gas, crude, and liquids. | 03-05-2015 |
20150066727 | Electronic Trading Exchange with User-Definable Order Execution Delay - Exemplary embodiments are related to processing electronic trading orders in an electronic trading exchange environment. Electronic trading orders can be accepted from market participant electronic devices. The electronic trading orders have execution speeds associated therewith that can be used by exemplary embodiments to determine when the electronic trading orders are executed by a matching engine. | 03-05-2015 |
20150066728 | METHOD AND SYSTEM FOR MAKING PAYMENTS VIA A VALUE SYSTEM BASED UPON COMMODITY ASSETS - The present disclosure provides a system for making payments via a value system based upon one or more commodity assets. The system includes an arrangement for maintaining one or more accounts in the value system, wherein the accounts have associated therewith one or more commodity assets, and an arrangement for diminishing or enhancing the one or more commodity assets associated with the one or more accounts in response to payments or receipts into the one or more accounts respectively. The system for making payments further includes an arrangement for using market makers for relating values of the one or more commodity assets to one or more monetary currencies employed for making the payments or receipts, wherein the market makers have external authorization outside a banking system. | 03-05-2015 |
20150066729 | SYSTEM AND METHOD FOR CURRENCY EXCHANGE RATE FORECASTING - A method for forecasting currency exchange rate is provided. The method involves: providing one or more databases configured to store a first set of information comprising microeconomic information that includes at least payment card holder transaction information; providing one or more databases configured to store a second set of information comprising macroeconomic information; and providing one or more databases configured to store a third set of information comprising foreign exchange market (Forex) information. The method also involves generating, from the first set of information, payment card holder transaction based variables in different currencies for comparable goods and/or services; integrating the payment card holder transaction based variables in different currencies, generated from the first set of information, with the second set of information and the third set of information; and forecasting the currency exchange rate based on the integrated information using a forecasting model that includes exogenous covariates, on a currency exchange time series. A system for forecasting currency exchange rate is also provided. | 03-05-2015 |
20150066730 | Methods and Systems of Four-Valued Monte Carlo Simulation for Financial Modeling - Automatic trading environments with their high degree of automation have become the backbone of modern financial markets. The ability to process orders and manage risk in these systems while maintaining a low latency between participants is crucial for the safety and liquidity of these markets. The disclosed system describes a four valued Monte Carlo simulation for the stochastic modeling of risk and syntactic pattern matching techniques to facilitate the design of these systems. The system is a self-compiling, machine independent system capable of dividing, scaling and communicating multiple-asset instruments efficiently in a parallel environment. The system also allows for the integration of computerized financial heuristics on financial instruments and user interfaces for creating trading strategies to monitor and hedge risk over a trading desk for financial institutions. | 03-05-2015 |
20150066731 | METHOD OF TRADING CELLULOSIC-RENEWABLE IDENTIFICATION NUMBERS - The present application generally relates to a method of trading cellulosic-renewable identification numbers by co-processing a renewable fuel oil with a petroleum fraction to form a renewable identification number-compliant fuel, obtaining one or more renewable identification numbers, and transferring the rights of renewable identification numbers. | 03-05-2015 |
20150066732 | SYSTEM AND METHOD OF RECONCILIATION OF TRADE, PAYMENT AND DELIVERY DATE WITH EXPECTED TRANSACTIONS - A system, method and graphical presentation method of reconciling trade, delivery and payment records of financial transactions by grouping records on the basis of the offerings or transactions to which such records relate, matching buy and sell records for securities in the offering, pairing delivery and receipt records of such securities into various accounts, and pairing wire funds transfers. Grouped, matched and paired records are loaded into a ledger where calculations are executed and presented to show open and closed positions, delivered and received securities and wire transfers. | 03-05-2015 |
20150066733 | METHOD OF COMPUTERIZED MONITORING OF INVESTMENT TRADING AND ASSOCIATED SYSTEM - A method of computerized monitoring of investment trading includes providing historic trading data for a specific trader, selecting a plurality of trading parameters for the specific trader and obtaining current information regarding the selected parameters, and/or providing historic trading data and applying rules to the current information and/or historic trading data to determine if behavior of interest which may involve a rules violation, a departure from the rules which is not technically a violation or a potential departure from the rules which might make desirable further investigation has occurred. The system may be employed to monitor whether market timing of mutual fund investments has occurred. A corresponding computerized system is disclosed. | 03-05-2015 |
20150066734 | Method and Apparatus for Motion Based Target Prediction and Interaction - Embodiments for motion based target prediction and interaction are described herein. One example embodiment includes predicting a target element based on a user moving a cursor in relation to a trading interface. When a target element is identified, one or more actions may be pre-configured based on the target element. For example, when a target element is associated with a buy action and a price, an order message to buy a tradable object at the price may be generated based on the predicted target element. Then, a user action may be received to select the target element and to execute the action. The user action selecting the target element may be received prior to the cursor reaching the desired target. | 03-05-2015 |
20150066735 | Method and Apparatus for Motion Based Target Prediction and Interaction - Embodiments for motion based target prediction and interaction are described herein. One example embodiment includes predicting a target element based on a user moving a cursor in relation to a trading interface. When a target element is identified, one or more actions may be pre-configured based on the target element. For example, when a target element is associated with a buy action and a price, an order message to buy a tradeable object at the price may be generated based on the predicted target element. Then, a user action may be received to select the target element and to execute the action. The user action selecting the target element may be received prior to the cursor reaching the desired target. | 03-05-2015 |
20150066736 | SYSTEM AND METHODS FOR ELECTRONIC TRADING THAT PERMIT PRINCIPAL/BROKER TRADING - Electronic trading systems and methods which facilitate principal/broker trading are provided. In a first aspect of the invention, a database relating to trading participants in the trading system is designed to indicate which traders utilize a principal/broker relationship and what, if any, limitations are placed on the activity of the broker, trading commands submitted by the broker, and counterparties in a transaction with the broker. In another aspect of the invention, trading commands and executed trades involving principals/brokers may be presented to other traders using special designations. The ability to enter certain trading commands by, and in response to, brokers may be limited. In a further aspect of the invention, anonymous trading features may prevent traders from knowing whether another trader is a broker or principal, may restrict traders from being able to block trading with brokers, and may permit brokers to configure anonymous trading parameters. | 03-05-2015 |
20150073961 | SYSTEM AND METHOD FOR INTERACTIVE VISUAL ANALYTICS OF MULTI-DIMENSIONAL TEMPORAL DATA - Multi-dimensional temporal data can provide insight into patterns, trends and correlations. Traditional 2D-charts are widely used to support domain analysts' work, but are limited to present large-scale complicated data intuitively and do not allow further exploration to gain insight. A visual analytics system and method which supports interactive analysis of multi-dimensional temporal data, incorporating the idea of a novel visualization method is provided. The system extends the ability of mapping techniques by visualizing domain data based on a 3D geometry enhanced by color, motion and sound. It allows a compact universal overview of large-scale data and drilling down for further exploration. By customizable visualization, it can be adapted to different data models and applied to multiple domains. It helps analysts interact directly with large-scale data, gain insight into the data, and make better decisions. | 03-12-2015 |
20150073962 | Boundary Constraint-Based Settlement in Spread Markets - A computer implemented method determines a settlement price for a constituent contract of a plurality of spread instruments. The method includes obtaining market data indicative of bid-offer values for the plurality of spread instruments, generating synthetic market data for the constituent contract based on the bid-offer values and based on a respective settlement price for an active contract of each spread instrument of the plurality of spread instruments, determining boundary constraints on the settlement price for the constituent contract based on the synthetic market data, and computing the settlement price for the constituent contract based on the boundary constraints. | 03-12-2015 |
20150073963 | Matching with Level Residual Allocation - The disclosed embodiments relate to systems and methods which match/allocate an incoming order to trade with “resting,” i.e. previously received but not yet matched, orders. A primary volume of the aggressor order is allocated to a first subset of orders of the set of previously received orders based on a first matching procedure in partial satisfaction of the aggressor order. A residual volume of the aggressor order remaining after the partial satisfaction of the aggressor order is computed. Unfilled orders of the set of previously received orders are arranged in a ranking based on a second matching procedure independent of order size. A predetermined, level quantity of the aggressor order is allocated to each order in a second subset of the set of previously received orders in accordance with the ranking until the residual volume is exhausted. | 03-12-2015 |
20150073964 | MARKET DATA HANDLING BASED ON DERIVATIVE CONTRACT SPECIFICATIONS - In an example embodiment a market data management system allows users to track information regarding commodities. A representative market data management system comprises physical commodity objects including a plurality of fields that describe a real world commodity, market identifier objects including market identifier codes, and contract specification objects including a plurality of fields that describe a derivative contract specification for a particular commodity traded at a particular commodity market. In the data model, a one to many relationship may exist for a physical commodity object and contract specification objects (e.g., a given commodity may be traded according to different derivative contract specifications). The data model may also allow a many to many relationship between contract specification objects and market identifier objects (e.g., a given market may have multiple derivative contract specifications and/or a given derivative contract specification may have the same terms at different markets). | 03-12-2015 |
20150073965 | COMPLIANCE DATA MANAGEMENT SYSTEMS AND METHODS - A method and system for detecting potentially manipulative order patterns and assisting compliance professionals with analyzing and determining whether remedial actions are required with respect to such patterns to comply with governing regulations. The method includes receiving market-wide data from different sources of marketplace data, receiving local order data and accounts corresponding to local trading activity, applying a compliance event detection module to the local order data and market-wide data, integrating a portion of the market-wide and the local order data into a combined stream, comparing the state of one account's local order book to the state of the market-wide order book, identifying a concentration of the local order book on one side, identifying a compliance-related event, generating a score associated with a compliance-related event, and providing a user-interactive interface that displays the state of the local market order book, the market-wide order book, and a compliance related event. | 03-12-2015 |
20150073966 | Method And Apparatus For Processing And Routing Transactions - Option orders are processed by receiving an option order, the option order including information identifying a customer, and information identifying a desired option. One of a plurality of option exchanges is selected to complete the option order, the selecting based on information identifying the customer and the desired option. In some embodiments, a routing rule is selected based on the information identifying a customer. | 03-12-2015 |
20150073967 | TRANSMISSION LATENCY LEVELING APPARATUSES, METHODS AND SYSTEMS - Embodiments of the transmission latency leveling apparatuses, methods and systems provide an electronic bidding order management infrastructure, such as a “point-of-presence,” which receives and routes electronic trading orders from different trading entities at a server via a transmission medium to create a certain amount of transmission latency before the trading orders could arrive at and be executed at electronic exchanges to reduce latency arbitrage and/or order book arbitrage that may be experienced by high frequency trading participants. A similar transmission latency may be applied to the egress transmission of market data updates issued by an electronic exchange. Other techniques for facilitating electronic trading are also disclosed. | 03-12-2015 |
20150073968 | FLOWBOOK ALTERNATIVE TRADING SYSTEM - An alternative trading system or platform for allowing a liquidity remover to place an order for the purchase or sale of a security or other commodity to be fulfilled by one or more liquidity providers. The platform may contain a rating module to allow members to create ratings of one another based on their own criteria; an indexor which utilizes the ratings to generate a list of liquidity providers offering a security of interest to a liquidity remover; a provider selector for determining which provider or providers to join in a transaction with the remover; and a price calculator for determining an execution price for the current transaction between a remover and a provider based on ratings and payment/price improvement configurations. | 03-12-2015 |
20150073969 | TRANSCATIONALLY BASED BENCHMARK FOR MARKET TRANSACTIONS IN SHORT TERM SECURITIES - The present invention provides systems, methods, apparatus, and computer program products related to calculating and distributing objective benchmarks configured to provide insight to various portions of the securities market. In various embodiments, a method for providing a short term security intraday benchmark is provided. The method may comprise collecting transactional data for a short term security. The transactional data may be parsed from transactions associated with the short term security within a predetermined time period. The method may further comprise calculating a benchmark based at least in part on the transactional data and execution of a predetermined algorithm; and providing the benchmark in a digital format. | 03-12-2015 |
20150073970 | METHOD AND APPARATUS FOR ORDER ENTRY IN AN ELECTRONIC TRADING SYSTEM - Orders received by an electronic trading system are processed in batches based on the instrument to which an order relates. An incoming order is assigned to a queue of a queue set that makes up the batch according to a random process. Where orders are received from related trading parties they are assigned to the same queue set according to their time of receipt. The batch has a random duration within defined minimum and maximum durations and at the end of the batch, the orders held in the queues are transferred to a matching thread of the trading system sequentially with one order being removed from each queue and a number of passes of the queues completed until orders have been removed. | 03-12-2015 |
20150073971 | METHOD OF COMPUTERIZED MONITORING OF INVESTMENT TRADING AND ASSOCIATED SYSTEM - A method of computerized monitoring of investment trading includes providing historic trading data for a specific trader, selecting a plurality of trading parameters for the specific trader and obtaining current information regarding the selected parameters, and/or providing historic trading data and applying rules to the current information and/or historic trading data to determine if a rules violation has occurred. The system may be employed to monitor whether market timing of mutual fund investments has occurred. A corresponding computerized system is disclosed. | 03-12-2015 |
20150073972 | SYSTEMS AND METHODS FOR TRADES PRICED RELATIVE TO A REFERENCE BENCHMARK VALUE ASSOCIATED WITH AN UNDERLYING INDEX FUTURE - According to some embodiments, an indication of a trade priced relative to a reference benchmark value (e.g., a trade at index close transaction) associated with an underlying index future may be received when a basis of the trade is agreed to by parties of the trade. Moreover, the indication may be received at least one day prior to a determination of a final price and quantity of the trade. The trade might create, according to some embodiments, any derivative, such as a future, an option, or a combination of put and call options. The trade may be reported and cleared, and it may then be arranged for the trade to physically settle into the underlying index future. | 03-12-2015 |
20150073973 | CONTROLLING PRICE CASCADE MOVEMENTS IN AN ELECTRONIC TRADING SYSTEM - A disclosed system, method and computer readable storage medium includes mechanism for controlling cascade price movements in an electronic trading system. Price limits control the prices at which traders can place orders. An upper price limit prevents traders from placing orders above the upper limit and a lower price limit prevents traders from placing orders below the lower limit. The gap between the upper limit and the indicative market price as well as the gap between lower limit and the indicative market price is controlled so as to cause a breaking effect on very rapidly changing market price. | 03-12-2015 |
20150073974 | AUCTIONING MECHANISMS FOR DARK ORDER BLOCK TRADING - Auctioning mechanisms adapted to improve the integrity of dark order block trading is provided. | 03-12-2015 |
20150081501 | COLLATERAL ARRANGEMENT AGGREGATOR AND NETTING SYSTEM AND METHOD - Processors, at an agent of an asset owner, execute program modules to receive first and second exposure information respectively from first and second investment managers associated with the asset owner. The first exposure information comprising a first portion associated with a first counterparty and a second portion associated with a second counterparty, while the second exposure information comprises a third portion associated with the first counterparty and a fourth portion associated with the second counterparty. The modules net the first and third portions, and the second and fourth portions, to compute exposures for the first and second counterparties, fund a collateral account associated with the agent based on portions of the exposure for each of the first and second counterparties attributable to one or more of the first and second investment managers, and initiate settlement of the exposure for each of the first and second counterparties from the collateral account. | 03-19-2015 |
20150081502 | METHODS AND APPARATUS TO IMPLEMENT TWO-STEP TRADE ACTION EXECUTION - Methods and apparatus to implement two-step trade action execution are disclosed herein. An example method includes detecting, via a user interface generated by a computing device, an activation event associated with an interface control corresponding to a trade action, wherein the activation event is a gestural input received via the generated user interface. The example method also includes detecting, in response to the detected activation event, an enabling event associated with the interface control. The example method also includes determining whether the enabling event satisfies one or more activation criterion, and in response to the enabling event satisfying the one or more activation criterion, initiating the trade action associated with the activated interface control. | 03-19-2015 |
20150081503 | Pricing Range-Based Financial Instruments - A method for computing a settlement price of a financial instrument includes: (a) sampling a plurality of high-low range in a market over a period of time; (b) calculating an average of the plurality of high-low range obtained by the sampling; and (c) computing the settlement price of the financial instrument based on the average of the plurality of high-low ranges obtained by the calculating. Systems for computing a settlement price of a financial instrument are described | 03-19-2015 |
20150081504 | Detection of Abusive Behavior in Electronic Markets - A method for identifying potential abusive behavior in an electronic market includes: (a) determining whether an individual order book associated with a trader comprises an imbalance in relation to a financial instrument for which the trader submitted an order; (b) determining whether an imbalance identified in the individual order book changed after fulfillment of the order; and (c) identifying the order as potential abusive behavior if the individual order book comprises an imbalance that changed after fulfillment of the order. Systems for identifying potential abusive behavior in an electronic market are described. | 03-19-2015 |
20150081505 | Detection of Potential Abusive Trading Behavior in Electronic Markets - Methods for detecting potential abusive trading behavior in an electronic market include: (a) querying a database in response to an alert signifying a possible trading irregularity, wherein the database is configured to store data mined from one or a plurality of electronic social media platforms; (b) determining whether the database contains evidence of a news event that explains the trading irregularity and, if so, whether the news event corresponds to fundamental and/or technical market activity; and (c) flagging the trading irregularity as potential abusive trading behavior if the database contains evidence of the news event but it is determined that the news event does not correspond to fundamental and/or technical market activity. Systems for detecting potential abusive trading behavior in an electronic market are described. | 03-19-2015 |
20150081506 | Diamond-Based Tradeable Instrument Security System - A tradeable commodity or instrument, a trading system for a plurality of such commodities, a method of trading using such a system and security systems related thereto. The tradeable instrument comprises a secure container constituted by a transparent cover ( | 03-19-2015 |
20150081507 | SYSTEM AND METHOD FOR PROCESSING ELECTRONIC TRADE CONFIRMATION REPORTS - A computer-implemented method of processing electronic trade confirmation data upon execution of a trade is provided. The method includes, using a computing system, determining an execution price from the electronic trade confirmation data; using the computing system, determining at least one fee/rebate for a side of the trade; using the computing system, determining a modified execution price for the side of the trade based at least on the execution price and the at least one fee/rebate; and using the computing system, associating the modified execution price with the trade. | 03-19-2015 |
20150081508 | TECHNIQUES FOR FACILITATING ELECTRONIC TRADING - A number of techniques for improving electronic trading are disclosed. According to some embodiments, a user portal may be provided in an electronic trading system for educational and informational purposes and also to assist investors in configuring their routing or trading preferences for electronic trading orders to be submitted to the electronic trading system. | 03-19-2015 |
20150081509 | ONLINE MARKETPLACE FOR INVESTMENT IN DIAMONDS - An online marketplace embodied in a computer system for facilitating investment in diamonds is disclosed. The online marketplace includes a database for storing customer records, wherein each customer record includes identifying information for a customer, contact information, an investment profile, and electronic payment information, and diamond records, wherein each diamond record includes identifying information for a diamond, characteristic information, certification information, and price information. The online marketplace further includes a server on a network and a processor configured for publishing the diamond records on a publicly available forum via the network, providing to customers a graphical user interface for allowing customers to search for and browse the diamond records, and executing a matching algorithm that determines which diamond records most closely match a customer, based on the information in the corresponding customer record, namely, the customer's investment profile. | 03-19-2015 |
20150081510 | Secured Pension Note - Various aspects of the present disclosure generally relate to facilitating the structuring, issuing, valuing, and redeeming of debt securities, which in turn may be used to fund retirement plans. More specifically, aspects of the present disclosure relate to a Secured Pension Note (the “Note”). In some aspects, for example, Note can be structured to have an initial principal necessary to fully (or partially) fund a pension plan. That is, the plan sponsor contributes the Note to the plan, subject to terms agreed to by an independent fiduciary, to fund the plan. An amount equal to the initial principal amount of the Note is posted as collateral to a third-party. The terms of the Note provide that after the contribution, the principal amount of the Note may be adjusted based on the funded status of the plan (excluding the value of the Note). Upon termination, a portion or all of the funds may be distributed to the pension plan, the plan sponsor, or other third-party. | 03-19-2015 |
20150081511 | System and Method for Trading Securities on a Computer-Based Network - A method and system for trading securities on a computer-based network. The method and system utilize an ordering module, a graphical user interface, a database module and a matching engine to effect electronic securities trading. | 03-19-2015 |
20150081512 | RANDOM-TIME AUCTIONS IN AN ELECTRONIC TRADING SYSTEM - A system is configured to hold price improvement auctions for customer orders for a duration that is based on a random timer. The system receives an initiating order from an auction guarantor that describes the financial instrument that a customer wishes to trade. The auction guarantor provides a guaranteed order that can fill the initiating order. A random time period to hold the auction is selected. The system solicits responses from other market participants for the financial instrument. When the random time period expires the system matches the initiating order against the responses, existing orders in an order book, and the guaranteed order. | 03-19-2015 |
20150081513 | PAIRS TRADING SYSTEM AND METHOD - A trading platform adapted for pairs trading of unrelated securities from one or more asset classes using a single order approach is provided. | 03-19-2015 |
20150081514 | AUTOMATED TRADING SYSTEM IN AN ELECTRONIC TRADING EXCHANGE - An electronic exchange system network includes a trader site having an automated trading system capable of submitting orders to an exchange site. The automated trading system determines whether an order should be submitted based on, for example, the current market price of an option and theoretical buy and sell prices. The theoretical buy and sell prices are derived from, among other things, the current market price of the security underlying the option. A look-up table stores a range of theoretical buy and sell prices for a given range of current market price of the underlying security. As the price of the underlying security changes, a new theoretical price may be indexed in the look-up table, thereby avoiding calculations that would otherwise slow automated trading decisions. In addition, a system of checks may be conducted to ensure accurate and safe automated trading. | 03-19-2015 |
20150081515 | DIRECTED ORDER - A directed order process and related market center are disclosed, wherein a market center grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior trading interest in the marketplace first before crossing. | 03-19-2015 |
20150081516 | METHOD AND SYSTEM FOR PRICING AND ALLOCATING SECURITIES - A method/system for pricing and allocating identified securities of a company on a registered securities exchange, as opposed to off-market. A host computer system or computer receives bid data indicative of one or more bids for the identified securities from one or more eligible investors. Determination of at least one price of the identified securities and a preferential allocation of at least some of the identified securities to eligible investors is performed at least partially based on bids that are higher than the determined match price or bids that are received prior to a specified time or times. The preferential allocation of at least some of the identified securities to at least some of the eligible investors is part of the bookbuild performed on the registered securities exchange. The bids are able to be accepted in real time by an issuer or seller of the identified securities. | 03-19-2015 |
20150081517 | Derivatives Trading Platform Unique Package ID - A system and method for implementing a unique trade package identification number to be associated with a trade package and the constituent individual transactions associated with the trade package, such that the unique trade package identification number allows for more efficient correlation of trade packages and constituent individual transactions. | 03-19-2015 |
20150088720 | Secure Exchange Feed Market Data Embargo - Methods, devices, and systems for communicating market data with market participants involve obfuscating at least a portion of a first financial message. Communicating the market data also involves augmenting a second financial message with a key configured to remove the obfuscation from the obfuscated portion of the first financial message. The market data is ultimately communicated by transmitting the first financial message to a particular participant, and transmitting the second message to a plurality of participants. The particular participant may then use the key from the second financial message to remove the obfuscation of the first financial message. | 03-26-2015 |
20150088721 | DIGITAL TRANSACTIONAL PROCEDURES & IMPLEMENTS - This invention describes a set of related procedures designed to co-operate with mints of digital money in order to allow for said money to be properly, securely, and conveniently traded by, various size and various type of trading crowds. The procedures refer mainly to distribution of responsibility. This invention also specifies the construction of digital coins encapsulated in a physical housing to amount to off-line tradable digital coins. | 03-26-2015 |
20150088722 | Methods and Apparatus to Implement Spin-Gesture Based Trade Action Parameter Selection - Methods and apparatus to implement spin-gesture based trade action parameter selection are disclosed herein. An example method includes detecting, via a user interface of a trading application generated by a computing device, an activation event associated with an interface control corresponding to a trade action, wherein the activation event is a gestural input received via the generated user interface. The example method also includes updating, via the user interface, a value of a trade action parameter associated with the trade action, wherein the value of the trade action parameter updates in a sequence based on a direction associated with the gestural input. | 03-26-2015 |
20150088723 | SECURE EXCHANGE FEED MARKET DATA EMBARGO - Methods, devices, and systems for communicating market data with market participants may involve obfuscating at least a portion of financial messages. Communicating the market data also involves augmenting a financial message with a key configured to remove the obfuscation from the obfuscated portion of the financial messages. The market data is ultimately communicated by transmitting the financial messages to a plurality of participants. The plurality of participants may then use the key from the financial message to remove the obfuscation of the other financial messages. | 03-26-2015 |
20150088724 | SYSTEM AND METHOD FOR PREVENTING CROSS TRADING - Information regarding the current state in the market is used to prevent orders from crossing. In an example provided herein, when an order is entered into a market, information regarding current positions in the market is taken into account to determine whether the order will cross with other orders. If the orders would cross, appropriate action is taken to prevent the crossing of orders in a way suitable for the person or persons trading. The teachings described herein may be used for any reason to prevent orders from crossing. Moreover, they may be used in other areas of trading to assist the trader in obeying any other rule or regulation that might involve analyzing current positions in the market before taking action. | 03-26-2015 |
20150088725 | SYSTEM AND METHOD FOR MANAGING TRADING ORDERS RECEIVED FROM MARKET MAKERS - According to one embodiment, a method of managing trading is provided. A first offer for a particular instrument in a particular market is received from a first market maker at a first offer price. A first bid for the same particular instrument in the same particular market is received from a second market maker at a first bid price, the first bid price being higher than or equal to the first offer price. As a result of the first bid price being higher than or equal to the first offer price, the first offer price is automatically increased to a price higher than the first bid price such that a trade is not executed between the first offer and the first bid. In some embodiments, such method may be used to protect market makers from unwanted trades caused by inherent latency in the market makers' pricing engines and/or networks. | 03-26-2015 |
20150088726 | SYNCHRONIZED PROCESSING OF DATA BY NETWORKED COMPUTING RESOURCES | 03-26-2015 |
20150095207 | ORDER BOOK MANAGEMENT DEVICE IN A HARDWARE PLATFORM - The invention provides an order book management device ( | 04-02-2015 |
20150095208 | AUCTIONING MECHANISMS FOR DARK ORDER BLOCK TRADING - Auctioning mechanisms adapted to improve the integrity of dark order block trading is provided. | 04-02-2015 |
20150095209 | DIVERSE OPTIONS ORDER TYPES IN AN ELECTRONIC GUARANTEED ENTITLEMENT ENVIRONMENT - An enhanced system and method for handling, matching and executing a diverse group of limit-priced orders in an electronic options environment is disclosed. Most of the order types disclosed are automatically repriced and reposted as the NBBO changes to increase their execution opportunities. Market maker entitlements are integrated with the order processing, so that the market maker is guaranteed an allocation of the trade if the market maker is at the NBBO when an order priced at or better than the NBBO is received. Once posted to the order book, the displayed price of an order may be eligible for preferential execution in a market maker entitlement process, regardless of whether the displayed price is original or has been automatically repriced. | 04-02-2015 |
20150100471 | COMPOSITE PUBLIC CLOUD, METHOD AND SYSTEM - A composite public cloud enables an automated marketplace system for, selling and trading of computational resources by aggregating available compute resources so that buyers are automatically matched with sellers. A listing of compute resources available on a prospective seller's system and bids by prospective buyers for resources offered is maintained. A seller uses a series of attributes to characterize an available resource for prospective buyers. Compute resources are presented in a form which can be easily quantified or compartmentalized. Prospective buyers search the marketplace system based on desired resource criteria. The marketplace continually evaluates the attributes of resources available for sale and the desired criteria of prospective buyers. The system attempts to match buyers and sellers, optimizing for the needs of both parties. If a desirable match is found, the marketplace system facilitates a transaction between both parties, making the purchased resource available to the buyer. | 04-09-2015 |
20150100472 | PROCESS AND APPARATUS FOR CONDUCTING AUCTIONS OVER ELECTRONIC NETWORKS - An apparatus and process for conducting auctions, specifically municipal bond auctions, over electronic networks, particularly the Internet, is disclosed. The auctioneer maintains a web site from which information about bonds to be auctioned can be obtained. A user participates in the auction by accessing the web site via a conventional Internet browser and is led through a sequence of screens that perform the functions of verifying the user's identity, assisting the user in preparing a bid, verifying that the bid conforms to the rules of the auction, displaying to the user during the course of the auction selected bid information regarding bids received and informing the bidder how much time remains in the auction. The user may be given the option of confirming the accuracy of his bid before submitting the bid. The auctioneer is able to review bidding history, determine the winner and notify the winner over the network, and display selected auction results to bidders and observers over the network. | 04-09-2015 |
20150106248 | Customizable Macro-Based Order Entry Protocol and System - The present technology is related to employing a template/macro-based order entry system. An initial order data message contains a macro that establishes the initial parameters for an order and a unique ID is associated with the template. Subsequent, and potentially smaller sized data messages contain the unique ID as well as relevant order details for placing an order. Of course, the technology described herein envisions a much broader concept of reducing message sizes to help improve overall latency and is not limited to order entry. | 04-16-2015 |
20150106249 | Systems and Methods for Multiplier-Adjusted Lean Levels for Trading Strategies - Certain embodiments provide a method for trading in an electronic trading environment including receiving market data relating to a plurality of tradeable objects; sending a order to an exchange for the first tradeable object at a quoted price; receiving a fill confirmation for the quoting order at a filled price; determining a difference between the quoted price and the filled price; determining a hedge price for each of the plurality of tradeable objects other than the first tradeable object based at least in part on the difference and at least one multiplier associated with at least one leg of the trading strategy; and sending hedge orders for each of the plurality of tradeable objects other than the first tradeable object at the corresponding hedge price. The plurality of tradeable objects includes at least a first, second, and third tradeable object, which are traded as legs of a trading strategy. | 04-16-2015 |
20150106250 | COMPUTING SYSTEMS AND COMPUTER-IMPLEMENTED METHODS FOR USE WITH INTEREST RATE SWAP FUTURE INSTRUMENTS - A network architecture may include an exchange computing system, clearinghouse computing system, and trading terminals. The exchange computing system, clearinghouse computing system, and trading terminals may facilitate the trading of contracts in interest rate swap (IRS) futures contracts. The IRS futures contracts may involve the delivery of a “par” IRS (i.e., an IRS where the present value of the fixed leg is equal to the present value of the floating leg). The exchange computing system may receive orders from trading terminals for the IRS futures contracts, and par IRSs may be delivered upon the delivery dates specified by the IRS futures contracts. | 04-16-2015 |
20150106251 | RISK MITIGATION IN AN ELECTRONIC TRADING SYSTEM - An electronic trading system (ETS) implements risk mitigation methods for orders and quotes associated with a market participant on the ETS. The methods determine a measure of risk associated with one or more trading positions. One of the methods globally counts the number of breaches of risk thresholds associated with a trading symbol and market participant across all matching engines on the ETS over a rolling time period, and if this global risk counter exceeds a maximum, disables all further trades by the market participant on the ETS. Another method limits the number of automatic re-enablements that a market participant can request in response to prior breaches of risk thresholds that resulted in disabling any further trading by the market participant on the ETS. | 04-16-2015 |
20150106252 | FACILITATION OF PAYMENTS BETWEEN COUNTERPARTIES BY A CENTRAL COUNTERPARTY - A system for moving money between accounts of traders by a central counterparty to facilitate payments, i.e. the movement of funds, there between is disclosed which provides a flexible mechanism which supports simpler accounting, new types of derivatives contracts as well new types fees. The disclosed futures contract, referred to as a “payer” contract, comprises a “no-uncertainty” futures contract, i.e. the initial value and settlement value parameters are defined, that leverages the mechanisms of the clearing system to, for example, accommodate related payments. Accordingly, a 1-to-many relationship between contracts and prices is provided whereby each price component may be assigned its own payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed. | 04-16-2015 |
20150106253 | FACILITATION OF PAYMENTS BETWEEN COUNTERPARTIES BY A CENTRAL COUNTERPARTY - A system for moving money between accounts of traders by a central counterparty to facilitate payments, i.e. the movement of funds, there between is disclosed which provides a flexible mechanism which supports simpler accounting, new types of derivatives contracts as well new types fees. The disclosed futures contract, referred to as a “payer” contract, comprises a “no-uncertainty” futures contract, i.e. the initial value and settlement value parameters are defined, that leverages the mechanisms of the clearing system to, for example, accommodate related payments. Accordingly, a 1-to-many relationship between contracts and prices is provided whereby each price component may be assigned its own payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed. | 04-16-2015 |
20150106254 | FACILITATION OF PAYMENTS BETWEEN COUNTERPARTIES BY A CENTRAL COUNTERPARTY - A system for moving money between accounts of traders by a central counterparty to facilitate payments, i.e. the movement of funds, there between is disclosed which provides a flexible mechanism which supports simpler accounting, new types of derivatives contracts as well new types fees. The disclosed futures contract, referred to as a “payer” contract, comprises a “no-uncertainty” futures contract, i.e. the initial value and settlement value parameters are defined, that leverages the mechanisms of the clearing system to, for example, accommodate related payments. Accordingly, a 1-to-many relationship between contracts and prices is provided whereby each price component may be assigned its own payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed. | 04-16-2015 |
20150106255 | FACILITATION OF PAYMENTS BETWEEN COUNTERPARTIES BY A CENTRAL COUNTERPARTY - A system for moving money between accounts of traders by a central counterparty to facilitate payments, i.e. the movement of funds, there between is disclosed which provides a flexible mechanism which supports simpler accounting, new types of derivatives contracts as well new types fees. The disclosed futures contract, referred to as a “payer” contract, comprises a “no-uncertainty” futures contract, i.e. the initial value and settlement value parameters are defined, that leverages the mechanisms of the clearing system to, for example, accommodate related payments. Accordingly, a 1-to-many relationship between contracts and prices is provided whereby each price component may be assigned its own payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed. | 04-16-2015 |
20150106256 | Computer Implemented Systems and Methods for Evaluation and Adjustment of Settlement Value Curves - Disclosed is a method that is useful in connection with providing discount factors for an exchange-traded mark-to-market derivative product that has a variable tick rate, such as an interest rate swap product. In some embodiments, the method includes providing a series of consecutive settlement values, which collectively represent a settlement value curve for the derivative product. The curve is evaluated by determining, for each consecutive pair of settlement values, whether the difference between the first settlement value in the pair and the second settlement value in the pair exceeds a threshold. The threshold represents the value at which a discount factor derived from said pair of settlement values, in conjunction with other parameters, would be negative. In other embodiments the disclosed invention encompasses an apparatus and a computer-readable medium. | 04-16-2015 |
20150112844 | Futures Contracts with Divergent Trading and Delivery Units - Systems and methods are provided for processing derivative financial instrument positions. Contracts are structured to include minimum position limits or thresholds as final settlement dates approach. The minimum position limits or thresholds exceed the trading units. Traders who initially hold relatively small positions are required to increase their positions as the settlement date approaches so that the position at settlement corresponds to quantities used in commercial institutional markets. Limits or thresholds are enforced by imposing a fee for non-compliance, forcing cash settlement or requiring a mandatory roll forward of at least some of the positions. The roll forward may include a spread product that includes a first derivative financial instrument having a first settlement date and a second derivative financial instrument having a second settlement date that is different from the first settlement date. The price of the spread product is based on daily settlement values associated with the first and second derivative financial instruments. | 04-23-2015 |
20150112845 | Futures Contracts with Minimum Position Limit Approaching Delivery Period - Systems and methods are provided for processing derivative financial instrument positions. Contracts are structured to include minimum position limits or thresholds as final settlement dates approach. The minimum position limits or thresholds exceed the trading units. Traders who initially hold relatively small positions are required to increase their positions as the settlement date approaches so that the position at settlement corresponds to quantities used in commercial institutional markets. Limits or thresholds are enforced by imposing a fee for non-compliance, forcing cash settlement or requiring a mandatory roll forward of at least some of the positions. The roll forward may include a spread product that includes a first derivative financial instrument having a first settlement date and a second derivative financial instrument having a second settlement date that is different from the first settlement date. The price of the spread product is based on daily settlement values associated with the first and second derivative financial instruments. | 04-23-2015 |
20150112846 | Futures Contracts Settlement Method with Option to Roll Forward - Systems and methods are provided for processing derivative financial instrument positions. Contracts are structured to include minimum position limits or thresholds as final settlement dates approach. The minimum position limits or thresholds exceed the trading units. Traders who initially hold relatively small positions are required to increase their positions as the settlement date approaches so that the position at settlement corresponds to quantities used in commercial institutional markets. Limits or thresholds are enforced by imposing a fee for non-compliance, forcing cash settlement or requiring a mandatory roll forward of at least some of the positions. The roll forward may include a spread product that includes a first derivative financial instrument having a first settlement date and a second derivative financial instrument having a second settlement date that is different from the first settlement date. The price of the spread product is based on daily settlement values associated with the first and second derivative financial instruments. | 04-23-2015 |
20150112847 | TRADE EXECUTION METHODS AND SYSTEMS - A computer system for electronic trading system is disclosed. The computer system allows the user to predefine various parameters that dictate trade entry as well as exits of a trade based on risk sizing and/or a risk versus reward schedule. By entering and exiting trades based on predefined parameters, the emotion of trading is reduced and the user is allowed to spend more time looking for other profitable trades than monitoring live open trades. | 04-23-2015 |
20150112848 | DISSEMINATING FLOOR QUOTES FROM OPEN OUTCRY MARKETS - One or more methods may be used to disseminate floor quotes from an open outcry financial market, such as via messages posted on a social network. These messages may include additional information for providing “color” to the price quotation. In some cases, a method of disseminating the floor quotes may include receiving, at a computer device, a request from a trader to receive an authenticated user name associated with a financial exchange. The financial exchange may then permit the trader to post one or more messages to a social network using the authenticated user name, where the message includes information about a trade on the financial exchange. | 04-23-2015 |
20150112849 | Creating or Redeeming Shares Of An Exchange Traded Fund - Selling exchange-traded fund (“ETF”) shares by an investment company receiving a pre-determined group of financial assets from an authorized participant in exchange for a number of ETF shares, the number of ETF shares corresponding to the group of financial assets, and the investment company purchasing a number of shares of an underlying fund, the number of shares corresponding to the group of financial assets. | 04-23-2015 |
20150112850 | AUTOMATIC FINANCIAL PRODUCT TRADING SYSTEM AND METHOD - Provided are an automatic financial product trading system and method for automatically trading a financial product when the financial product satisfies a preset trading condition. Through an automatic ordering accelerator using separate hardware or an automatic ordering accelerator installed in a network card, rather than a main processor of a computer system, information input and output through a network card is collected and a financial product is quickly automatically traded. | 04-23-2015 |
20150112851 | LIMITED MOVEMENT COLLAR ON MARKETABLE ORDER EXECUTION PRICE - An electronic trading system implements collar protection for received marketable orders. A collar price is determined based on best bid and offers prices or the price of a recently executed trade. Orders matched at prices worse than the collar price (from the perspective of the marketable order) are not allowed to execute. When execution of orders is halted, a collar timer runs. When the collar timer exceeds a time threshold, the collar price is modified based on a collar move parameter. The collar move parameter may be modified when the reset collar timer subsequently exceeds the time threshold. | 04-23-2015 |
20150112852 | MONETIZING FINANCIAL BROKERAGE DATA - Method and systems for monetizing financial brokerage accounts are disclosed. One aspect for certain embodiments includes mining data from financial brokerage accounts and monetizing the mined data and providing to the customer an unlimited number of free trades for an unlimited period of time. | 04-23-2015 |
20150120524 | ELECTRONIC TRADING SYSTEM AND METHOD THAT PROVIDE REAL-TIME TRADE ANALYTICS - The present invention relates generally to electronic trading systems. More particularly, the present invention relates to systems and methods for providing, within an electronic trading process, real-time or near real-time pre- and post-trade analytics to assist traders make the decision of how to trade electronically a particular tradeable asset. Pre- and post-trade analytics can be displayed to a trader without affecting their workflow. Moreover, pre- and post-trade analytics can be used to make trading recommendations, to select or modify a trading strategy, to select and or modify trading destinations, brokers, algorithms or venues, and/or to automatically generate and transmit electronic trade orders or to effect trades. | 04-30-2015 |
20150120525 | SWAP CROSSING SYSTEM AND METHOD - An exchange through which swap contracts may be traded. Embodiments may allow a trader to announce a potential crossing before the crossing is requested. The user may then request the crossing between two parties. An announcement window may be kept open through a chaining of announcements. An interloper with a same price but better time than a party to the cross may be kept out of interloping in the cross. A ticker symbol system may list a clearinghouse to be used to execute a requested cross. | 04-30-2015 |
20150120526 | Electronic Trading System Utilizing User-Customized Implied Probability Distributions and Graphical User Interface for Same - Computer-implemented methods and systems, including a user interface, that (a) calculate and display a graphical representation of a market implied probability distribution for the future prices of a tradable asset, which is derived from real time prices of the options on the asset, (b) permit the user to customize the market implied probability distribution graph to reflect the user's own view on the probability that the future price of the asset will be within a price range, and (c) propose an optimal trading strategy implemented as a combination of option orders, which strategy is optimized to be profitable assuming the customized probability distribution (if any). The combination orders may be modified and/or added to by the user. | 04-30-2015 |
20150127507 | COMMODITY AND COLLECTIBLE IDENTIFICATION, VERIFICATION AND AUTHENTICATION MOBILE SYSTEM AND METHODS OF USE - A commodity or collectible identification and valuation system is described that includes at least one executable user interface application comprising a commodity or collectible identification method; and at least one device that stores and accesses the at least one executable user interface application. In addition, commodity or collectible conversion methods, as described herein, include: determining the amount of a commodity or the identity of the collectible, determining the type of commodity, if necessary, accessing at least one commodity or collectible database and pricing index that is related to the type of commodity or type of collectible, utilizing the at least one commodity or collectible database and pricing index to calculate the value of the amount of the commodity or of the collectible, transmitting the value of the amount of the commodity or the collectible to the at least one executable user interface application, and displaying the value of the amount of the commodity or the collectible on the at least one device. In some embodiments, the user interface application will provide comparison listings of the collectible at different locations and/or vendors, including quality/grade, price, authenticity, and physical location. | 05-07-2015 |
20150127508 | Methods, Apparatus, Systems for First Look Matching of Orders on an Exchange - Various embodiments are directed to a trading system and method for matching orders between liquidity takers and liquidity providers. A memory stores instructions which, when executed, direct the processor to perform various actions, such as the following. The processor may receive from a liquidity taker, an order to trade on an exchange. The order is routed to at least one liquidity provider with a target fill rate above a specific percentage. A response is received from the at least one liquidity provider. Based on the received response, the processor may update an actual fill rate of the at least one liquidity provider. The processor may determine, based on comparing the liquidity provider's actual fill rate with the target fill rate, a level of performance for the at least one liquidity provider. The processor may transmit a report about the at least one liquidity provider's level of performance. | 05-07-2015 |
20150127509 | Transactionally Deterministic High Speed Financial Exchange Having Improved, Efficiency, Communication, Customization, Performance, Access, Trading Opportunities, Credit Controls, and Fault Tolerance - The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities. | 05-07-2015 |
20150127510 | Transactionally Deterministic High Speed Financial Exchange Having Improved, Efficiency, Communication, Customization, Performance, Access, Trading Opportunities, Credit Controls, and Fault Tolerance - The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities. | 05-07-2015 |
20150127511 | Transactionally Deterministic High Speed Financial Exchange Having Improved, Efficiency, Communication, Customization, Performance, Access, Trading Opportunities, Credit Controls, and Fault Tolerance - The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities. | 05-07-2015 |
20150127512 | Transactionally Deterministic High Speed Financial Exchange Having Improved, Efficiency, Communication, Customization, Performance, Access, Trading Opportunities, Credit Controls, and Fault Tolerance - The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities. | 05-07-2015 |
20150127513 | Transactionally Deterministic High Speed Financial Exchange Having Improved, Efficiency, Communication, Customization, Performance, Access, Trading Opportunities, Credit Controls, and Fault Tolerance - The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities. | 05-07-2015 |
20150127514 | Transactionally Deterministic High Speed Financial Exchange Having Improved, Efficiency, Communication, Customization, Performance, Access, Trading Opportunities, Credit Controls, and Fault Tolerance - The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities. | 05-07-2015 |
20150127515 | Transactionally Deterministic High Speed Financial Exchange Having Improved, Efficiency, Communication, Customization, Performance, Access, Trading Opportunities, Credit Controls, and Fault Tolerance - The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities. | 05-07-2015 |
20150127516 | Transactionally Deterministic High Speed Financial Exchange Having Improved, Efficiency, Communication, Customization, Performance, Access, Trading Opportunities, Credit Controls, and Fault Tolerance - The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities. | 05-07-2015 |
20150127517 | METHODS AND APPARATUS FOR FACILITATING FAIRNETTING AND DISTRIBUTION OF CURRENCY TRADES - Methods and apparatuses are provided for facilitating fairnetting and the distribution of currency trades. In one example, the method may include: (i) estimating non-provided trade information for each trade type of aggregated sets of trades of a plurality of trades using a market mid-rate; (ii) determining a netted amount and a market amount to transact based on received trade information and the estimated non-provided trade information; (iii) executing one or more trades for the market amount at a market rate; and (iv) distributing the market amount and the netted amount proportionally amongst the plurality of trades. | 05-07-2015 |
20150127518 | TRADING BASED ON FILL RATE - According to various embodiments, trades may be filled based at in part on order price and fill rates determined for providers of orders. In some embodiments, orders at a given price in an order book may be ordered in order of decreasing fill rate, such that orders associated with a higher fill rate (or higher probability of fill) are preferenced above orders associated with a lower fill rate. In some embodiments, order books may also be ordered based in part on response times from order providers. For example, orders in an order book may be ordered according to an algorithm that preferences higher fill rates and shorter response times ahead of orders with lower fill rates and longer response times. Order book ordering algorithms may also consider order quantity and interdependence and duplication of order quantity. | 05-07-2015 |
20150127519 | IDEAL LATENCY FLOOR - The invention relates to a system and method for providing a latency floor for an electronic trading venue in which market participants who can respond within the value the floor and choose to compete in a specific race to make or take a price may each have a substantially equal chance of winning that race. The system may detect and distinguish individual “races” that occur on an electronic trading venue. Upon detection of the first order (or message) in such a race, the system may create a batch and a timer for that race. As orders pertaining to that race are received, they are added to its batch. Upon the timer reaching a predetermined value, typically the value of the floor, the race is determined to have ended and the orders are drained from the batch for processing (e.g., against the instrument's central limit order book (CLOB)). | 05-07-2015 |
20150127520 | LARGE LIQUIDITY SEEKING TRADING PLATFORM - An electronic trading system implements a display price that guarantees a minimum available quantity for trade. The electronic trading system determines a quantity of financial instruments available at various prices for incoming orders. A display bid price and display offer price are determined so that the quantity available at the display prices exceeds a display quantity threshold. The electronic trading system receives orders designated fast and slow. Fast orders are used for large, rapid trades at known prices. Slow orders trade with a delay for a price improvement auction. Orders meeting a minimum order quantity threshold may participate in an auction for incoming orders that offers price improvement to the execution price of aggressively priced orders. The electronic trading system implements risk management measures based on order size and percentage filled for individual trades and series of trades. The electronic trading system supports orders having multiple legs. | 05-07-2015 |
20150134502 | Method and System for Aggregating Company Information - In an embodiment, a method for aggregating company information includes receiving a request from a user to obtain information associated with a company, aggregating, by one or more processing devices, the information associated with the company from a plurality of websites in real time without caching any data associated with the information. The information includes a news story associated with the company. The method further includes analyzing, by the one or more processing devices, the information by performing a plurality of calculations using the information. The plurality of calculations include a plurality of financial ratios. The method further includes categorizing, by the one or more processing devices, the news story associated with the company into one or more of a plurality of news categories, creating a profile associated with the company based on the information, and communicating the profile associated with the company to the user. | 05-14-2015 |
20150134503 | GLOBAL POLLUTION CONTROL SYSTEM EMPLOYING HYBRID INCENTIVE TRADE INSTRUMENTS AND RELATED METHOD OF ESTABLISHING MARKET VALUES - A computerized trading exchange (“CTE”) for trading hybrid incentive trade instruments (“HITIs”) having underlying value associated with diesel emission controls. The CTE may use a computerized storage device configured to store details selected from at least one of certificates, futures, options, forwards, swaps, and spreads associated with the buying and selling of the HITIs. The CTE may store at least one regulation of trading and may be configured to allow a plurality of participants to buy and sell the HITIs. The CTE may be configured to enable communications from buyers and sellers interested in executing orders relating to the HITIs or to the details concerning the HITIs, as well as from at least one party for the purpose of providing specifications concerning the HITIs to be stored by the CTE. | 05-14-2015 |
20150134504 | Online Private Securities Marketplace Platform - A comprehensive electronic alternative investment marketplace is provided for aggregated private securities and alternative investment options which are listed by investment banks and fund managers. The online web-based platform aggregates private securities offerings for sale to certain accredited investors and institutional investors. The platform aggregates private offerings from multiple investment banks and funds on a secure platform with industry-leading encryption standards that enables a streamlined transaction process and transfer of funds. The platform facilitates investment opportunity discovery, evaluation, transaction and directing the flow of funds from existing investor accounts to complete the investment process. | 05-14-2015 |
20150142632 | System and Method for Selectively Displaying Market Information Related to a Plurality of Tradeable Objects - A graphical interface and method are provided for selectively displaying market information corresponding to a plurality of tradeable objects. According to one example method, a scanning feature is provided in relation to a number of tradeable object indicators. Upon detecting a predefined movement of a user input device in relation to the plurality of indicators, a graphical interface dynamically displays market information corresponding to the tradeable objects as a predefined movement of the user input device is detected in relation to the tradeable object indicators. | 05-21-2015 |
20150142633 | CONTROLLING OPERATION OF A TRADING ALGORITHM BASED ON OPERATING CONDITION RULES - Methods, systems and computer-readable storage media are provided for controlling operation of a trading algorithm based on operating condition rules. Certain embodiments provide a method including determining, using a computing device, an approval of use of a trading algorithm by monitoring for an occurrence of an operating condition defined in an operating condition rule. The example method includes determining if the trading algorithm complies with the operating condition rule during the occurrence of the operating condition. The example method includes sending, using the computing device, a notification to a trading instrument to approve or not approve the use of the trading algorithm. The trading algorithm is to be used to implement a trading strategy. | 05-21-2015 |
20150142634 | Distribution of Electronic Market Data - A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial. | 05-21-2015 |
20150142635 | SYSTEM AND METHOD FOR PROVIDING MARKET DATA IN AN ELECTRONIC TRADING ENVIRONMENT - A system and methods are developed for providing market data in an electronic trading environment. One example method includes determining a probability model comprising a probability corresponding to a change in relation to a market data parameter, then, using the probability to generate a compressed bit stream representing the market data parameter, and providing the compressed bit stream to the client terminal. | 05-21-2015 |
20150142636 | RISK MITIGATION TOOL FOR MONITORING TRADING LIMITS - In various embodiments, methods, systems, and computer program products may be provided for monitoring a risk entity's trading activity and/or risk exposure and providing one or more alerts and/or reports regarding the same. In one embodiment, a system is provided comprising at least one memory for storing one or more limits, each limit associated with a risk entity. The system may further comprise at least one processor that may be configured to receive trading activity data associated with the risk entity from a plurality of sources; consolidate the received trading activity data; execute a predetermined algorithm to calculate at least one risk exposure metric based at least in part on the consolidated trading activity data; determine, based at least in part on the calculated risk exposure metric, whether at least one of the limits has been triggered; and generate an alert indicative of the triggering. | 05-21-2015 |
20150142637 | SWITCHING LAYER FOR TRADING ON GLOBAL MARKETS - Techniques for managing and routing market orders across a global trading system. Each trading node can be associated with one or more markets and each node can be configured to provide market access to each market associated with a node in the system. Each trading node can be connected, via a network, to a global switching layer. The global switching layer can route requests, such as orders and the like, from an end user associated with one of the plurality of nodes to a corresponding exchange or market. The global switching layer can be configured to dynamically provide, to each end user, a user interface element corresponding to each trading node. | 05-21-2015 |
20150149340 | Tandem Options Contracts Providing Fixed Binary Payout - Systems and methods are described where two call options (or two put options) on futures may be bundled, traded, and processed in tandem accordingly. The two options may form a tandem option that may be constructed with strike/exercise prices that are scaled to be one minimum price increment or tick apart in the underlying futures market. The tandem option product provides a payout at expiration that is binary in nature—it will either be zero or a fixed monetary amount. | 05-28-2015 |
20150149341 | TRANSACTION SUPPORT SYSTEM - Disclosed is a transaction support system comprises a transaction information processor that communicates with terminals of traders via the Internet; a generation rule storage unit that stores a correspondence between a data item of order data and a data item of delivery data in a transaction; and a transaction information storage unit that stores the order data and the delivery data. The transaction information processor automatically generates delivery data based on the correspondence stored in the generation rule storage unit from order data generated from a transaction between the traders, and stores the delivery data into the transaction information storage unit. | 05-28-2015 |
20150149342 | Customer Service Controller - Information about a caller is provided to an agent, such as a customer service operator in a customer service call center. In one embodiment, the agent may receive detailed account and/or personal information about the caller before being connected to the actual or live call. For example, the agent receives information from a customer database regarding a customer profile and information from an order database regarding order or transaction information. The customer database and the order database are external to the call center. The agent may modify the customer profile and/or the order or transaction information. The customer database and order database are update accordingly and the information may be transferred along with the call to another agent. | 05-28-2015 |
20150294409 | SYSTEMS AND METHODS FOR FACILITATING OFFERINGS OF SECURITIES - Various embodiments are directed to systems and methods for offering a security to potential investors. In various embodiments, a plurality of bids may be received on the security. The bids may be divided by investors into a plurality of investor segments. One of the investor segments may comprise potential investors who are customers of the issuer of the securities. The shares of the offering may be divided into a plurality of tranches where each of the tranches corresponds to one of the investor segments. Shares in a first tranche may be allocated to the corresponding investor segment according to a first allocation method. Shares in a second tranche may be allocated to the corresponding investor segment according to a second allocation method. | 10-15-2015 |
20150294410 | SYSTEM FOR COORDINATING RIGHTS TO BORROW TRANSACTIONS - A system includes an order engine that receives a plurality of right to borrow orders. Each of the right to borrow orders includes an asset, an indication of whether a right is sought to either borrow or lend the asset, a quantity of the asset to be borrowed or lended, a rental rate, a start date, and an end date. The system also includes a matching engine that determines that a first of the plurality of right to borrow orders matches with a second of the plurality of right to borrow orders. The system also includes a transaction engine that initiates a transaction associated with the determined first and second right to borrow orders. | 10-15-2015 |
20150294411 | MATCHING ENGINE FOR RIGHTS TO BORROW TRANSACTIONS - A system includes a memory that stores a plurality of right to borrow sell orders. The system also includes an order engine that receive a right to borrow buy order. The system also includes a matching engine that determines that the right to borrow buy order matches with one of the plurality of right to borrow sell orders. Determining a match includes determining that an asset desired for borrowing by the right to borrow buy order matches an asset offered for lending by the determined right to borrow sell order. Determining a match also includes determining that a rental rate offered by the right to borrow buy order is greater than or equal to a rental rate requested by the determined right to borrow sell order. Determining a match also includes determining that a start date associated with a time when the asset is first desired to be borrowed by the right to borrow buy order is between a start date associated with a time when the asset is first offered for lending and an end date associated with a time when the asset is no longer desired to be borrowed by the determined right to borrow sell order. | 10-15-2015 |
20150294412 | MATCHING ENGINE FOR POLYMORPHIC RIGHTS TO BORROW TRANSACTIONS - According to yet another embodiment, a system includes an order engine that receives, from a first party, a polymorphic right to borrow sell order. The polymorphic right to borrow sell order includes a first quantity of an asset that is offered for lending, a start date associated with a time when the asset is first offered for lending, an end date associated with a time when the asset is no longer offered for lending, one or more first terms, and one or more second terms different from the one or more first terms. The order engine also receives, from a different party, a right to borrow buy order that indicates a quantity of the asset that is desired for borrowing. The system also includes a matching engine that matches, based upon the one or more first terms and the one or more second terms, the one or more first terms of the polymorphic right to borrow sell order with the right to borrow buy order. The system also includes a transaction engine that determines a transaction associated with the one or more first terms of the polymorphic right to borrow sell order and the right to borrow buy order and initiates the transaction. | 10-15-2015 |
20150294413 | METHOD AND SYSTEM FOR ASSURING CURRENCY EXCHANGE RATES - A method for providing an assured currency exchange rate includes: storing, in an account database, an account profile, wherein the account profile includes data related to a payment account including at least an account identifier, a conversion rule, and a period of time; receiving, by a receiving device, an authorization request for a payment transaction, wherein the authorization request includes at least the account identifier, a transaction amount in a first currency, and a transaction time and/or date that is within the period of time; calculating, by a processing device, a new transaction amount in a second currency based on application of the conversion rule to the transaction amount in the first currency; updating, by the processing device, the authorization request to include the calculated new transaction amount in the second currency; and forwarding, by a transmitting device, the updated authorization request. | 10-15-2015 |
20150294414 | RISK LADDER - Certain embodiments provide systems and methods to calculate and display a normalized risk for one or more traders. An example method includes converting a profit and loss amount associated with a first trader to a first trader unit value, the first trader unit value associated with an increment. The example method includes normalizing the first trader unit value based on a risk scale to provide a first normalized unit value for the trader. The example method includes displaying the first normalized unit value for the trader in a ranking of one or more traders based on the normalized unit value for each trader. The example method includes comparing the first normalized unit value to a risk criterion. The example method includes enabling or impeding a trade action by the trader based on the comparing of the normalized unit value to the risk criterion. | 10-15-2015 |
20150294415 | Multi-Scenario Trading Strategies - Multi-scenario trading strategies are disclosed. An example method includes storing a default configuration for a multi-scenario trading strategy; storing a first alternate configuration for the multi-scenario trading strategy, the default configuration being different than the first alternate configuration; presenting a switching option on an interface associated with the multi-scenario trading strategy; and in response to receiving a selection of the switching option while an instance of the multi-scenario trading strategy is operating according to the default configuration, causing the instance of the multi-scenario trading strategy to operate according to the first alternate configuration. | 10-15-2015 |
20150294416 | Use of Trade Frequency in the Detection of Multi-Order Market Abuse - Techniques for detecting multi-order market abuse in the trading of financial instruments using a direct market access gateway adapted to communicate an order from a client to an exchange. One or more memories are adapted to store a plurality of trade orders for a financial instrument placed by the client and corresponding arrival times of each order. One or more processors are configured to process the stored arrival times of each of the plurality of trade orders to determine an average time between orders for a trade sequence, and are configured to generate information about the at least one trade sequence. The information about the trade sequence is output if the average time between orders is less than a predetermined percentage of a characteristic trade frequency of the financial instrument. | 10-15-2015 |
20150294417 | SPOT FIXING AUCTION - Some embodiments may include a matching of desires to exchange one or more items (e.g., trade one currency for another currency). A market may receive desires to be on one side of a trade and desires to be on the other side of the trade. A price setter (e.g., fix publisher) may announce a price at some time. The market may match desires for the trade at the desired price to facilitate trading. The market may internalize trading desires to a trading entity before making those desire match with external desires. | 10-15-2015 |
20150302523 | SYSTEM, METHOD AND COMPUTER READABLE MEDIUM FOR ACTIVELY MANAGED EXCHANGE TRADED FUNDS - A system, method and computer readable medium buy and sell, on a secondary market, shares of a fund actively managed by a sponsor and including securities traded on exchanges. After receiving a buy order, a first price is collected from the secondary market, and a basket of the securities, equivalent to the shares, is bought on the exchanges. Then, the basket is traded for the shares from the sponsor, and the shares fulfill the buy order on the secondary market. After receiving a sell order, the shares are collected from the secondary market, and the basket is short sold on the exchanges. Then, the shares are traded for the basket from the sponsor, the basket is provided to fulfill the short sale on the exchanges, and a second price is provided to fulfill the sell order on the secondary market. | 10-22-2015 |
20150310547 | TRADING AT INDEX CLOSE - A computer-readable medium is provided which has stored computer-executable instructions that, when executed by a computer, cause the computer to maintain an order book having orders for first futures contracts to determine if a first order for first futures contracts is executable against a side of the order book, wherein an underlying of a first futures contract is a second futures contract and wherein each order of the order book defines a quantity of the first futures contracts and a price of the first futures contracts. The computer-readable medium further has stored computer-executable instructions that, when executed by the computer, cause the computer to determine a delivery price of the second futures contracts based on a spot price associated with the second futures contracts and a determined price of the first futures contracts. | 10-29-2015 |
20150310548 | METHODS OF CONSTRUCTING CURRENCY INDEXES - A computer-implemented method of constructing a currency carry index performed by one or more computing devices. The method includes calculating a carry metric value for each of a plurality of currencies with respect to a base one of the currencies. For each of the currencies, the carry metric value is calculated based on a forward rate value associated with the currency, and a spot rate value associated with the currency. The method further includes ranking the currencies by their carry metric values, selecting a portion of the currencies for inclusion in the currency carry index based at least in part on the ranking, and assigning a weight value to each currency in the selected portion. The currency carry index includes the selected portion of the currencies weighted according to the weight value assigned to each currency in the selected portion. | 10-29-2015 |
20150310549 | INTERPROGRAM COMMUNICATION USING MESSAGES RELATED TO GROUPS OF ORDERS - A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described. | 10-29-2015 |
20150310550 | FOREIGN EXCHANGE TRADE SYSTEM, INFORMATION PROCESSING METHOD AND PROGRAM PRODUCT - A tradable price acquiring unit which acquires tradable prices from a plurality of market maker devices connected via a multibank portal in accordance with transaction condition information relating to a foreign exchange trade accepted from a customer device; and a tradable price for clients determining unit which determines a tradable price for clients of the foreign exchange trade presented to a customer via the customer device based on a plurality of tradable prices acquired by the tradable price acquiring unit, are included to thereby solve problems. | 10-29-2015 |
20150310551 | Integrated Computing System for Developing a Commodity Status for Biomass - The present invention is directed to a system for matching parties to a transaction of a biomass feedstock including at least one mobile sensory device structured and disposed for collecting biomass data for the biomass feedstock; a data storage repository configured to store seller criteria and a group of buyer criteria; and a processor of a central server configured to access the storage repository and execute software instructions stored in memory for receiving a group of buyer criteria, wherein each of the group of buyer criteria is sent from a buyer computing device used by one of a group of buyers of the biomass feedstock; receiving seller criteria for the biomass feedstock sent from a seller computing device or the at least one mobile sensory device; and sending the user criteria to the buyer and seller account messages to indicate potential market activity. | 10-29-2015 |
20150310552 | APPARATUS, METHODS AND ARTICLES OF MANUFACTURE OF COMPUTERIZED TRANSACTION EXECUTION AND PROCESSING - Apparatus, methods and articles of manufacture for n-tier transaction execution and processing are shown. The first layer comprises a presentation layer in the form of a user interface for entering instrument orders, modifying orders, and monitoring orders, instruments and markets. The second layer comprises an intermediate component layer for information transfer, and the third layer comprises an information source layer for feeding information to and accepting information from the first two layers. | 10-29-2015 |
20150317730 | Customizable Digital Trade Order Ticket - Methods and systems for configuring a digital trade order ticket to facilitate a computer trade are provided. A request to create a digital trade order ticket is received by a computing device. A template is selected from a plurality of templates in the event that an authentication indicator indicates the request is authenticated. Each template includes a consumer identifier, trade order characteristics that are unique to a user assigned to the consumer identifier, trade order characteristics that are generic to all users, and instructions that are unique to the user. The template that is selected has a consumer identifier that matches the consumer identifier in the request. The digital trade order ticket is displayed to the user based on the template. | 11-05-2015 |
20150317731 | EXCHANGE ORDER PRIORITY RETENTION FOR ELECTRONIC TRADING USING AUTOMATIC BOOK UPDATES - The present invention involves providing a computer based platform for allowing a user to establish a target trading book; evaluating the user's unmatched exchange trades to determine an actual trading book at a point in time; determining a differential between the target trading book and the actual trading book; and identifying at least one exchange trade action to transition from the actual trading book to the target trading book, wherein the exchange trade action is based on preserving at least one unmatched order with the oldest possible entry time stamp. | 11-05-2015 |
20150317732 | System and Method of Securities Trading Using a First Sight Multiple Node Network along a Communications Link - A system comprising a group of linked servers and processors along a communication link configured to allow the first server(s) and/or processor(s) that witness a predetermined trading trigger or satisfied trading condition to communicate this information to the ends of the communication link. The server(s) and/or processor(s) which first witness the trading trigger may be configured to send information about the trading trigger or satisfied trading condition to the other server(s) and/or processor(s) in the network, and additional third parties. The other servers and processors at other locations in the communication network may be utilized to support more complex detection and communication strategies. The two endpoint servers at opposite ends of the network individually and independently examine the trading trigger and the security prices at the particular market closest to the endpoint servers. The two endpoint servers individually and independently decide based on this analysis whether to send a trade order to the market closest to the endpoint server. Additionally the system of linked servers and processors may operate on more than one communications link. | 11-05-2015 |
20150317733 | INVESTOR SOCIAL NETWORK - A computer based method for facilitating social network based trading on a computer comprises receiving an indication from a first interface device that a first transaction has been selected by a first user in a first security, providing transaction data defining the first transaction to a second interface device, through a social network, receiving an indication from the second interface device that a second user seeks to perform a second transaction copying at least one parameter of the first transaction in the first security, providing an option to the second user at the second interface device to pay an elective fee to the first user, and publicizing, on the social network, a fee paid for the second transaction from the second user to the first user. | 11-05-2015 |
20150317734 | DARKPOOL MATCHING OF ORDERS WITH PRICE DISCRETION - Various embodiments are directed to systems and methods for processing a discretion order in a dark pool matching environment. A first order to buy or sell a trading product is received from a computer of a first trader. The first order has a first price and a first size. A second order to buy or sell the trading product that is contra to the first order is received from a second trader. The second order defines a second quantity and a price range of possible prices at which the second order can be executed. The price range comprises at least a second price. The second quantity of the trading product is reserved in an OMS of the second trader such that the second quantity of the second order is permitted by the OMS to be executed at any price within the price range. The second order is received before or after the first order is received. A processor determines that the first price of the first order is within the price range of the second order. Responsive to the determination, two items are output to the second trader: (1) the price of the first order and (2) an execution indicia selectable by the second trader to cause at least a portion of the second order to be executed against at least a portion of the first order. The first price of the first order and the execution indicia are not output or otherwise disclosed to the second trader prior to the act of determining that the first price of the first order is within the price range of the second order. | 11-05-2015 |
20150317735 | Determination of Implied Orders in a Trade Matching System - A computer implemented method for determining implied orders in an electronic trading system is provided. The method comprises receiving a first set of one or more real orders, wherein the orders are not tradable against each other. One or more implied orders are identified within the first set of real orders. Market data corresponding to the implied orders can also be identified. At least one additional order is received and the tradability of the additional order is determined against the real or implied orders within the first set of real orders. A resting set of orders is determined from those real and implied orders within the first set of orders not affected by the tradability of the additional order. Implied orders are determined from within the set of resting orders. | 11-05-2015 |
20150324905 | GENERATING MULTIPLE COMPUTER SCREENS IN A MULTIPLE COMPUTER SYSTEM - A computer system, and methods for making and using it, for changing digital electrical signals to generate a valuation of a fractional interest in a contingent interest in property, the computer apparatus including: an input device operable for converting input data representing property into input digital electrical signals representing the input date; a digital electrical computer having a processor, the processor electrically connected to the input device to receive the input digital electrical signals, the processor programmed to change3 the input digital electrical signals to produce modified digital electrical signals representing a valuation of a fractional interest in a contingent interest in the property associated with at least one lease default condition for the property; a memory electrically connected to the processor; and wherein the processor manipulates further digital electrical signals to generate at least one document for the contingent interest by inserting the valuation in pre-existing text data obtained from the memory; and an output device electrically connected to the processor to print the document. | 11-12-2015 |
20150324910 | Synthetic Series Derivative Contracts - A computer system may process data associated with synthetic series derivative contracts. Those contracts may be settled in cash to an imputed value of a fixed income security. This fixed income security may be coupon bearing. The imputed value of the fixed income security may be based on a calculated value of a series of interest-based derivative contracts. Both that series and the fixed income security may be hypothetical. | 11-12-2015 |
20150324911 | DELTA-HEDGED FUTURES CONTRACT - Systems and methods are described for providing a futures product corresponding to a position in a delta-hedged strategy on an underlying financial product may include creating a portfolio including put options and call options, wherein the put options and the call options correspond to a same underlying product. One or more computing devices may determine a position in the underlying product to include in the portfolio. The position in the underlying product may correspond to a volatility of the put options and the call options. In some cases, the one or more computing devices may generate a futures contract based on the portfolio including the put options, the call options and the position in the underlying product. | 11-12-2015 |
20150324912 | QUADRATIC OPTIMUM TRADING POSITIONS FOR ASIAN OPTIONS - A trading position evaluation system for evaluating trading positions that are globally optimum in market measure includes a trading parameters determination module to determine at a trading time instance from amongst a plurality of trading time instances obtained from a trader, a plurality of trading parameters pertaining to a path-dependent Asian option based on ECC data and market data, retrieved from a database. The trading parameters are indicative of information relating to the path-dependent Asian option. Based on the trading parameters, a position evaluation module evaluates a trading position in the underlying asset at the trading time instance based on the plurality of trading parameters to minimize global variance of profit and loss to the trader. | 11-12-2015 |
20150324913 | REAL-TIME INDICATOR OF GLOBAL TRADE - A real-time indicator of global trade can be generated. The real-time indicator provides a comprehensive indicator of the current global economic state by tracking current values for the available capacity for freight shipments as well as the volume of actual shipments. The capacity and volume can be tracked over multiple different transportation modes including sea, air, and rail. The real-time indicator is generated in real-time based on these current values. The real-time indicator can therefore provide investors, analysts, researchers, bankers, and the like with a reliable indicator of the current global economic state that is not heavily influenced by the biasing sentiments of individuals. | 11-12-2015 |
20150324914 | COUPON BLENDING OF A SWAP PORTFOLIO - Systems and methods for blending a plurality of swaps may include determining a fixed rate for use in blending a plurality of swaps, each of the plurality of swaps having matching economics and a different associated fixed rate. A computing device may determine a first remnant swap and a second remnant swap to blend the plurality of swaps using the determined fixed rates. This may reduce the gross notional and/or the total clearing line items associated with the original swaps. In some cases, the computing device may determine one single swap for blending the plurality of swaps. | 11-12-2015 |
20150324915 | System and Methods For Aggregating and Presenting Securities Trading Data - An improved trading platform may: (i) aggregate multiple orders related to a single trade position and present those orders for the trader; (ii) enable the user to select and apply default options trading strategies; (iii) aggregate trade positions, such as option positions having the same or similar expirations, for presentment in a single interface; and (iv) record and present trade position variations investigated by a trader in a simplified manner. | 11-12-2015 |
20150324916 | System and Method for Management and Analysis of Electronic Trade Orders - A system and methods are provided for using order descriptor identifiers in relation to orders being used in trading strategies. According to one example method, when a hedge order is submitted upon detecting a fill of another order, the hedge order includes one or more order descriptor identifiers conveying a purpose of the hedge order to a user. The order descriptor identifiers can be used to search for desired orders and perform more effective order management and post trade analysis. | 11-12-2015 |
20150324917 | SYSTEMS AND METHODS FOR USING SECONDARY MARKET FOR PRIMARY CREATION AND REDEMPTION ACTIVITY IN SECURITIES - Systems and methods for transforming an electronic portfolio. A system includes an electronic crossing platform that receives data defining trade orders of the electronic portfolio during an initial time period; compares portions of the data to determine an imbalance of the trade orders remaining after the initial time period and receives, during a final time period, a final trade order from a fund agent device to offset the remaining imbalance. The platform receives, after the final time period, a benchmark value of the electronic portfolio from a fund device; compares the final trade order with the remaining imbalance to determine an adjustment value; converts the benchmark value to a final value by applying the adjustment value to the benchmark value; and transforms the electronic portfolio into the transformed portfolio by creating paired buy and sell orders among the trade orders received during the initial time period at the final value. | 11-12-2015 |
20150332393 | Determining Option Strike Price Listing Range - A computer system may calculate an option strike price listing range using a volatility value. The volatility value may be determined based on market value data that corresponds to an optioned transaction type and that include multiple market values. Option class definition data may be generated and stored based on the calculated option strike price listing range. | 11-19-2015 |
20150332394 | METHOD AND SYSTEM FOR PRODUCT DEMAND/SUPPLY CONNECTION NETWORK SERVICE BASED ON TARIFF-HARMONIZED COMMODITY DESCRIPTION CODES - A system for a product demand/supply connection network service based on tariff-harmonized commodity description codes, and a method for the same are provided. The method comprises: receiving a list of commodities based on tariff-harmonized commodity description codes from a trade information providing device via a communication network; classifying the received list of commodities into datasets on the basis of HS codes; generating the commodity list classified into the datasets as a hierarchical structure of a forward-oriented or reverse-oriented demand/supply connection network; and providing trade volume information of import and export related products, providing chemical abstract service (CAS) numbers, technical patent numbers, and product restriction information, or providing a list of commodities for each trade partner and each trade region on the basis of the hierarchical structure of the forward-oriented or reverse-oriented demand/supply connection network. | 11-19-2015 |
20150332396 | Options Trading Interface to Facilitate Improved Trading Decisions - The present invention relates to a software application that aggregates real-time market data in conjunction with novel real-time calculated analytics and represents the data and results in both dynamic graphical and numerical form. The real-time market data is graphically displayed in the form of banners, tiles, rows, and grid allowing for option traders to efficiently and effectively identify potential risk and trading opportunities. | 11-19-2015 |
20150332397 | METHOD FOR ESTABLISHING INVESTMENT TRANSACTIONS USING SECOND SCREEN TECHNOLOGY AND A COMPUTER NETWORK SYSTEM EMPLOYING SAME - A method and a computer network system are disclosed for establishing a transaction for transferring security shares in exchange of capital investment via the use of second screen technology. The system synchronizes a plurality of client computing devices by periodically sending thereto a notification regarding a television program about a fund-seeking company currently in broadcast. An investment user registered with the system may use the client computing device to obtain further information regarding the fund-seeking company while watching the television program, and complete a transaction to acquire shares thereof. | 11-19-2015 |
20150332398 | RISK MANAGEMENT SYSTEM AND METHOD FOR MONITORING AND CONTROLLING OF MESSAGES IN A TRADING SYSTEM - Methods and systems are disclosed for risk management in electronic trading where user messages are collected by at least one inspection engine which monitors one or more parameters of the user messages. The decision to manipulate the user messages is based on whether one or more of the parameters or a risk factor exceeds a predetermined range limit. The user messages are then transmitted to a trading engine where the user messages with manipulated parameters are rejected and the user messages with unchanged parameters are processed normally. By eliminating the need to maintain state with the message protocol of the user messages, the transport speed of such user messages is improved. | 11-19-2015 |
20150332399 | APPLICATION PROGRAMMING INTERFACE FOR TRADING SYSTEM - A trading system with an application programming interface (API) is disclosed. The API includes a set of routines executable to permit client computer systems to automatically make and take orders for items. The API can permit, for example, machine-to-machine communication that automatically posts an order to the trading system or automatically hits an order that has previously been posted to the trading system. The API can also permit a variety of other functions, including reformatting limit order books. The trading system may also implement a graphical user interface (GUI). In one embodiment, the items may be foreign exchange instruments. | 11-19-2015 |
20150339771 | SYSTEM AND METHOD FOR OPTIMIZING ORDER EXECUTION - An embodiment of the present invention is directed to a Trader Workstation that includes a user interface accessible by various users over a network communication link. The user interface of an embodiment of the present invention provides complex customized visualizations of fast moving real-time data and historical time series. The Trader Workstation increases trading efficiency and availability of data for traders by enabling traders to better monitor, analyze and plan trades. For example, using configurable views, filters and visualizations, traders may track and monitor orders in real time. An embodiment of the present invention may provide a trade analysis interface and a trade planning interface. | 11-26-2015 |
20150339772 | SYSTEM FOR BUYING AND SELLING SECURITIES OVER A DISTRIBUTED COMMUNICATIONS NETWORK - There are a myriad of Federal and State Securities Regulations governing the raising of investment capital from potential investors. As such there exists a need for a Regulatory Compliance Software that ensure potential investors into a Securities Offering dos not violate any Securities laws. This innovation details a system for buying and selling Securities over a distributed communication network. The Security is stored in a database containing information pertaining to available investment offers in conjunction with Federal and/or State Securities Regulatory threshold requirements; A computer coupled to said network, providing buyers of said investments units access to said database over said network, whereby said buyers may invoke a search feature into a search engine and receive search results indicating particular investment offers where their investment in said investment offer would not violate any regulatory Securities laws. And further upon bidding on an investment opportunity, the system validates their bid in said investment opportunity does not violate any applicable regulatory Securities laws. | 11-26-2015 |
20150339773 | METHODS FOR MARKET RESERVATION - Methods for market reservation include proposing a solution to a societal or other issue; reservation shares for this solution are created; these reservation shares are placed in an actively traded marketplace defined by bid price, time-in-market, and “benching” among other variables; investors reserve shares in the proposed solution; the proposed solution is refined by input from various sources; and the investors capitalize in the event that the solution is selected for implementation to resolve the issue. | 11-26-2015 |
20150339774 | System and Method for Electronic Spread Trading in Real and Synthetically Generated Markets - A system and method are provided to analyze synthetic and real markets that offer interchangeable tradeable objects to find market opportunities that a trader may capitalize on. A synthetic market is an electronic market created out of real markets by a computer terminal or gateway. A real market is an electronic market that is offered by an electronic exchange. If a desirable market opportunity is found, the preferred embodiments can take action such as by sending orders to either one of the markets, or by sending orders to both markets. An advantage of the preferred embodiments, among many others, is that they can make “invisible” trading opportunities more readily apparent. | 11-26-2015 |
20150348188 | System and Method for Seamless Integration of Trading Services with Diverse Social Network Services - A method for enabling interaction between users on a trading platform includes assigning a credit score to each user based on the user's action and also based on the actions from other users and on the market condition. The users may form social circles based on their interests and the trading system will present postings from other users and the market information to the user according to the information and action taken by the user. | 12-03-2015 |
20150348189 | Restriction of Soft Dollar Overpayments - A computer-implemented method, including retrieving, by a computer system from a data repository, a trade execution agreement that specifies an amount of soft dollars payment to be paid to a service provider for execution of a trade order; retrieving, by the computer system from the data repository, information indicative of a soft dollar agreement with the service provider, with the soft dollar agreement specifying an amount of soft dollar payments to be paid to the service provider within a predetermined period; accessing by the computer system trade settlement information that specifies an amount of soft dollar payments that have previously been paid to the service provider; determining by the computer system whether to restrict the amount of soft dollar payments for the trade order. | 12-03-2015 |
20150348190 | SYSTEMS AND METHODS FOR ENHANCED USER INTERFACE FOR PLACING AN ORDER - A system to provide an enhanced user interface for placing an order, for example an online purchase or sale order, includes a user input device configured to generate position data and a processor coupled to the user input device. The processor receives the position data from the user input device and generates a first order variable and a second order variable based on the position data. The processor changes the first order variable in response to the position data indicating movement of the user input device in the X-axis and changes the second order variable in response to the position data indicating movement of the user input device in the Y- axis. The order variables may relate to an order price and an order quantity. | 12-03-2015 |
20150348191 | KEYBOARD TRADING SYSTEM - The present invention relates to systems and methods for providing customized keyboards for receiving user inputs, and view regions for displaying information for users in useful arrangements. Such keyboards include keys that are pre-programmed to reflect the issues present in each trading pane of the view regions. Using such keys, a user may direct the trading application to quickly and efficiently switch between multiple issues, and place, manipulate or cancel orders on them. The keyboard may also be designed such that multiple keys may be disabled, replaced or mapped to perform different functions. | 12-03-2015 |
20150348193 | EXCHANGE TRADING OF MUTUAL FUNDS OR OTHER PORTFOLIO BASKET PRODUCTS - The invention provides systems and methods for intra-day trading of actively managed exchange traded funds (AMETFs). The invention provides creation and redemption structures for AMETF shares that allow arbitrage, intra-day value estimations for AMETF shares, and hedging portfolios for hedging risks associated with trading AMETF shares, all without requiring disclosure of the specific assets underlying the AMETF. | 12-03-2015 |
20150356675 | APPARATUS AND METHODS FOR IMPLEMENTING CHANGED MONITORING CONDITIONS AND/OR REQUIREMENTS USING DYNAMICALLY-MODIFIABLE CONTROL LOGIC - The technology performs obligations fulfillment monitoring. An input data stream of data messages is received including transaction data and reference data, obligation control logic, and a set of obligation parameters associated with the obligation control logic. An event data processor processes the input data stream using a current version of the obligation control logic and the set of obligation parameters. Subsequently, the event processor receives information to implement and execute obligation control logic that is dynamically-modified and different from the current version of the obligation control logic. The event processor generates and outputs an obligation fulfillment message based on the dynamically-modified obligation logic and transmits to an interested entity. | 12-10-2015 |
20150356676 | EQUITY INDEX BASED ON STABILITY OF ROE - Systems and methods to provide a stock index are based on return-on-equity (ROE). The variance of ROE is obtained and/or determined per stock. Low variance is considered an indicator of stability. The weights for the stocks in the stock index are chosen and/or adjusted to minimize the variance of the ROE of the stock index. | 12-10-2015 |
20150356677 | PRIVATE FUND EXCHANGE SYSTEM - The technology relates to allowing investors to electronically invest in private market investments, such as a private equity fund. System and methods described herein relate to an electronic private marketplace where investors can participate in a rule-based system for establishing and investing in private market assets, such as a private equity fund, during predetermined time periods for various buying and selling activities in the private marketplace. | 12-10-2015 |
20150356678 | SYSTEM AND METHOD FOR AGGREGATING MARKET DATA OF FINANCIAL INTERESTS - Embodiments described herein relate to systems, methods, and computer readable instructions for processing data in financial interests, using automated electronic systems configured for aggregating market data relating to financial interests across multiple networked venues, including order books, venues, marketplaces, exchanges, alternative trading systems, and/or other markets, and/or various types thereof. Embodiments described herein may provide a consolidated view of market data specific to a market participant that may include generic data visible and accessible to other market participants and specific data visible and accessible only by the market participant. | 12-10-2015 |
20150356679 | SYSTEM AND METHOD FOR AUTOMATED TRADING OF FINANCIAL INTERESTS - A derived order gives a participant simultaneous access to liquidity across multiple books, destinations, or marketplaces. The derived order can be placed and anchored in one trading venue and simultaneously replicated in another trading venue. A participant can place the derived order in the lit book as an anchor book and replicate the order in the hybrid book and/or the dark book, or alternatively, the participant can place the derived order in the hybrid book as an anchor book and replicate the order in the dark book. A trading engine can be configured to replicate an order in different books and guarantee that each order is only executed once. When an order is replicated, the trading engine can check the stored record to see where the order was placed, and then adjust or cancel an order in one book when it is being fulfilled in a different book. | 12-10-2015 |
20150356680 | AUTOMATED TRADING SYSTEM IN AN ELECTRONIC TRADING EXCHANGE - An electronic exchange system network includes a trader site having an automated trading system capable of submitting orders to an exchange site. The automated trading system determines whether an order should be submitted based on, for example, the current market price of an option and theoretical buy and sell prices. The theoretical buy and sell prices are derived from, among other things, the current market price of the security underlying the option. A look-up table stores a range of theoretical buy and sell prices for a given range of current market price of the underlying security. As the price of the underlying security changes, a new theoretical price may be indexed in the look-up table, thereby avoiding calculations that would otherwise slow automated trading decisions. In addition, a system of checks may be conducted to ensure accurate and safe automated trading. | 12-10-2015 |
20150356681 | System and Method for Dynamically Determining Quantity for Risk Management - A system and method for dynamically determining quantity for risk management are described. According to one example embodiment, as a trader positions an order icon at a desired price or price-derivative value on a graphical interface, an order quantity for the order is dynamically determined based on the order price and a selected risk management formula. A trader can change the price or the price-related value for one or more orders by moving the order icons relative to a price axis on a graphical interface. In such an embodiment, the initially calculated order quantity for each order will be dynamically recalculated based on the modified orders for the trading strategy. | 12-10-2015 |
20150356682 | AUTOMATED TRADING SYSTEM IN AN ELECTRONIC TRADING EXCHANGE - An electronic exchange system network includes a trader site having an automated trading system capable of submitting orders and/or quotes to an exchange site. The automated trading system determines whether an order or quote should be submitted based on, for example, the current market price of an option and theoretical buy and sell prices. The theoretical buy and sell prices are derived from, among other things, the current market price of the security underlying the option. The theoretical buy and sell prices are calculated when underlying factors that contribute to the theoretical prices change. Computation times of the theoretical prices may be reduced by using precalculated values and/or using interpolation and extrapolation. Other techniques may be used in addition or in the alternative to speed automatic decision-making. In addition, a system of checks may be conducted to ensure accurate and safe automated trading. The automated trading system may be capable of automatically submitting orders in connection with the underlying security in order to hedge part of the delta risk associated with the automated option trades. | 12-10-2015 |
20150356683 | User Interface for Semi-Fungible Trading - A user interface and method are disclosed for providing trading between a plurality of semi-fungible and non-fungible goods. A plurality of book axes are displayed in a single interface, each book axis representing a market for a particular good. Orders for goods are displayed as marks on the axes to display the relative value of the orders. A value axis is provided that relates the value of the goods from each market to each other. Thus, a single interface provides the means to relate the values of different semi-fungible goods. The value axis may be displayed in units of price, or a custom value designated by a user or pre-defined by the interface. Quantity information is represented in the interface through the display of a dimension of an order icon. Precise information about each order is displayed either in a panel view or a pop-up window. | 12-10-2015 |
20150363876 | Cryptocurrency Transformation System - A system comprises a memory operable to store a customer account, a first float account, and a second float account. The system further comprises a processor communicatively coupled to the memory. The processor may receive an electronic request for a currency exchange and determine exchange rates for exchanging a first currency for a second currency. The processor may also determine an optimal exchange rate. In response to determining the optimal exchange rate, the processor may determine a first amount of the first currency and associate the first amount with the customer account. The processor may also transfer the first amount of the first currency into the first float account and determine a second amount of the second currency. The processor is further able to associate the second amount with the second float account and transfer the second amount of the second currency to the customer. | 12-17-2015 |
20150363877 | TECHNIQUES FOR ON-LINE TRADING OF FINANCIAL SECURITIES - One embodiment of the present invention sets forth approaches for trading financial securities over a computer network. An execution management system launches a plurality of brokerage applications, where each brokerage application included in the plurality of brokerage applications is configured to communicate with a different brokerage account system. The execution management system receives, from a client device, a selection of a brokerage account through which to execute a trade involving a financial security. The execution management system selects a first brokerage application included in the plurality of brokerage applications that is configured to communicate with a brokerage account system associated with the brokerage account. The execution management system causes the brokerage application to log into the brokerage account. | 12-17-2015 |
20150363878 | EXCHANGE TRADED COLLATERAL SYSTEM AND METHODS OF PERFORMING THE SAME - An exchange traded collateral system including a memory and a processor, a program executing in the processer that performs the steps of creating an investment package, populating the investment package with investment units, determining the valuation of the investment package based on the investment units in the investment package, creating a collateral package, populating the collateral package with collateral units until the total value of the collateral units in the collateral package equals the value of the investment package, relating the investment package to the collateral package such that the collateral units in the collateral package are adjusted based on the value of the investment package. | 12-17-2015 |
20150363879 | SYSTEM, METHOD AND COMPUTER-ACCESSIBLE MEDIUM FOR TRADE SURVEILLANCE - An exemplary system, method and computer-accessible medium can be provided, which can include, for example, receiving digital data related to a suspicious trade(s), determining a first entity(s) associated with the suspicious trade(s) based on the digital data, and determining a relationship between the first entity(s) and a second entity based(s) on a proximity between the first entity(s) and the second entity(s). The proximity used to determine the relationship can be a logical proximity. The logical proximity can be determined based on a communication(s) between the first entity(s) and the second entity(s). | 12-17-2015 |
20150363880 | Systems and Methods for Allocating Quantities in a Marketplace - A participant in a marketplace may direct an order to buy or sell an item to a targeted participant with whom the former has a pre-existing relationship to enable access to additional quantities, capacity, or liquidity. The targeted participant may similarly offer to buy or sell such items in various pre-designated quantities at set prices to participants with whom it has a pre-existing relationship. These functions may be achieved while maintaining order and price transparency in the marketplace. | 12-17-2015 |
20150371327 | SYSTEM FOR DYNAMICALLY SELECTING A COMMUNICATIONS FABRIC - In an aspect of the subject matter, a system dynamically selects a communication fabric for use with a trading exchange platform. The system includes a gateway executing on the trading exchange platform, and a client side library executing on a customer device that interacts with application programs executing on the customer device. The gateway and customer device communicate during an initial session over an out-of-band network to select a communication fabric (e.g., InfiniBand, etc.) of one or more communications fabrics available to the customer device. The client side library communicates with the gateway to establish a transaction session over an in-band network utilizing the selected communication fabric. The library then allows the customer device to perform transactions with the gateway of trading exchange platform through the gateway during the transaction session and over the in-band network utilizing the selected fabric. | 12-24-2015 |
20150371328 | DEMAND BIDDING OPERATION AND BID GENERATION - Methods and devices for demand bidding operation are described herein. One method of demand bidding operation includes determining a potential electric demand reduction for a particular facility, determining a bid for demand reduction based upon the determined potential electric demand reduction, submitting, via a computing device, the bid for demand reduction to a computing device of an electrical demand coordinating entity, receiving, via a computing device, notification of a triggering event that will trigger the demand reduction based upon the bid, and adjusting, via a computing device, demand at the particular facility based upon the demand reduction of the bid. | 12-24-2015 |
20150371329 | SYSTEMS AND METHODS FOR DISPLAYING ORDER PERFORMANCE METRICS - Systems and methods for generating a graphical representation for and displaying order performance metrics for one or more user orders of one or more market instruments. A graphical representation of the order performance metrics can be aligned with a graphical representation of market data relating to prices and volume of user orders, market orders, user order executions, and market trades. The order performance metrics can be displayed as one or more performance bars or ribbons divided into segments, which can be assigned a color based on a user order's performance with respect to a market benchmark. The graphical representations can be displayed using a display device. | 12-24-2015 |
20150371330 | METHODS SYSTEMS AND DEVICES FOR MITIGATING RISK IN DISTRIBUTED ENERGY ASSETS - Devices, systems, and methods for mitigating risk in distributed energy assets are disclosed. In one aspect a computerized method comprises purchasing a bundle of distributed energy assets comprising agreements by end-users of distributed energy resources to purchase energy at variable rates which are tied to future utility rates or an index and swapping with one or more off-takers a variable stream of cash flows based on a variable future utility rate for a fixed stream of cash flows based on a fixed rate. | 12-24-2015 |
20150371331 | ORDER FEED MESSAGE STREAM INTEGRITY - Systems, methods, and computer-readable storage media are provided for improving order feed message stream integrity. Certain embodiments provide a method including sending, by a computing device, a first data message; sending a first stop message; clearing a message stream state; and sending a second data message. The first data message includes data related to an order for a tradeable object, a first sequence number with a value of a predefined initial sequence number, and a first phase number. The second data message includes data related to an order, a second sequence number with a value of the predefined initial sequence number, and a second phase number, wherein the second phase number is different than the first phase number. The message stream state is associated with the order. | 12-24-2015 |
20150371332 | Mapping An Over The Counter Trade Into A Clearing House - A method and system converts OTC positions into contracts clearable at a futures clearing house. Each OTC position has a maturity date. The method comprises: a) defining a plurality of tenors. The plurality of tenors is fewer in number than the OTC maturity dates of the OTC positions. The method also comprises: b) defining a contract, which is clearable at the clearing house, corresponding to each tenor defined in step a); c) mapping each OTC position, as it is executed, into one or more of the contracts, based on the maturity date of the OTC position; and d) between business days, re-mapping each contract mapped at step c) to account for the move of calendar day. The invention finds particular application as a method and system to convert OTC Foreign Exchange (FX) positions into futures contracts clearable at a futures clearing house. The OTC FX positions may include OTC FX spot positions and OTC FX forwards positions. | 12-24-2015 |
20150379633 | Implied Volatility Futures Product - Systems and methods are described for providing a derivatives product corresponding to an implied volatility of a financial product traded on an exchange. The method may include calculating, by one or more computing devices, a risk neutral density based on options information associated with an option trading on a financial market. The one or more computing devices may calculate an implied volatility associated with the option based on the risk neutral density and provide an implied volatility derivatives product corresponding to implied volatility of a financial product underlying the option, wherein the derivatives product is cash-settled based on the implied volatility. | 12-31-2015 |
20150379634 | Tools for Supporting Investment Transactions - The invention may be used to facilitate swapping bond A for another bond. Data obtained from a public source may be used to provide information about bonds, issuers, and investors. A user may request swap candidates for bond A. An actionable filter identifying characteristics of bond A may be provided to the user. For each characteristic of bond A, the filter includes a window for the user to input an acceptable variance in the same characteristic of a swap candidate. The user's input into the filter is used to find swap candidates. They may be displayed for the user. Additional information about the swap candidates may be provided to the user upon request. The display of the swap candidates and provision of the additional information facilitates the swapping of bond A for another bond by at least saving the user time and effort in determining swap candidates. | 12-31-2015 |
20150379635 | AN ELECTRONIC MINERAL RESERVE VALUATION METHOD AND A SYSTEM THEREFOR - A method and system for implementing an electronic mineral reserve valuation is provided. The system includes a communications module for receiving an electronic request message from a purchaser to purchase a quantity of mineral, at a current spot price for the mineral. The quantity of mineral is currently stored in its natural environment in or on the Earth's crust prior to it being extracted. The request includes that the quantity of mineral is to be made available to the purchaser at a future specified time. A memory for storing relevant data and an issuing module then issues the purchaser with a unique electronic certificate including at least the quantity of mineral, agreed specifications and the future specified time. | 12-31-2015 |
20150379637 | Method and Interface for Historical Display of Market Information - Trading software may receive information from an exchange. The trading software may track historical bid and ask information for a tradeable object. The trading software may display historical market depth information for the tradeable object on a trading screen. | 12-31-2015 |
20150379638 | TRADING SYSTEM WITH INDIVIDUALIZED ORDER BOOKS - Systems and methods for electronic trading are disclosed. A trading system may store information indicative of limits on trading of items between trading entities, including an entity that is a non-credit extending entity. The computer system may then determine respective order books for at least two trading entities, where the order books include dealable bids and offers that have been individualized using stored trading limits. The stored trading limits may in some cases include different limits for different items (which may be different foreign currency pairs, in one embodiment). In other instances, trading limits may be indicative of a net position that a trading entity is permitted to take in an item. Bids and offers may be individualized based on different costs associated with different trading entities. | 12-31-2015 |
20150379639 | TRADING USING INTERMEDIATE ENTITIES - Systems and methods for facilitating trades between two trading entities are disclosed. A computer system may match a bid of a first trading entity for an item with an offer of a second trading entity for the item. The first and second trading entities may each have a credit relationship with the third trading entity. In response to the matching, the computer system may record indications of trades of the item between the first trading entity and a third trading entity, and between the third trading entity and another trading entity such as the second trading entity. The trades may be booked back-to-back such that a net position to the third trading entity in the item is zero. When the first and second trading entities are connected by a plurality of intermediate entities, the computer system may record indications of one or more additional trades of the item. | 12-31-2015 |
20150379640 | System and Method for Communicating With an Electronic Exchange in an Electronic Trading Environment - System and methods for a connection proxy server are described. According to an example method described herein, a connection proxy server stores subscription, product tables as well as other downloads that are provided to a client terminal during initialization stage as well as later during a trading session. Upon detecting that a connection between the client terminal and a gateway is lost, the connection proxy maintains a communication session created for the client terminal at the gateway and receives data intended for the client terminal. If the connection is re-established between the client terminal and the gateway during a predetermined period of time, the connection proxy provides the stored data to the client terminal thus avoiding a surge in processing resources at the gateway due to the necessary downloads. | 12-31-2015 |
20160005116 | EVENT AND STRATEGY DRIVEN FINANCIAL TRANSACTIONS METHOD AND SYSTEM - A system and method for creating event-driven financial transactions may include: a web service in communication with a plurality of users, the web service operatively coupled to a strategy database storing a plurality of pending transactions and an event database storing identification information about a plurality of transaction triggering events. The web service may be in communication with a data parser that is configured to receive data from one or more sources, convert the data into a format usable by the system, and transmit the converted data to the event database. The system may be in communication with a separate server to which transactions from server or client side matching engines are sent, and the strategy database may receive and at least temporarily store those transactions until the server is ready to receive and store them. Strategy triggers may come from various places, including from the user. | 01-07-2016 |
20160005117 | ALLOCATION BASED ON ORDER QUALITY - An incoming order is matched or allocated to trade with a plurality of resting orders. Order book data indicative of the resting orders is obtained. For each resting order, a set of order quality factor scores is determined based on the order book data. The order quality factor scores include any combination of two or more of a first factor score indicative of order quantity, a second factor score indicative of order book position, and a third factor score indicative of order duration without modification. A ranking of the plurality of resting orders is determined based on the set of order quality factor scores determined for each order of the plurality of resting orders. A volume of the incoming order is allocated across a subset of orders of the plurality of resting orders based on the ranking in partial satisfaction of the incoming order. | 01-07-2016 |
20160005118 | INTELLIGENT ROUTING OF ELECTRIC POWER - A method and system for dynamically routing electric power in real time in accordance with parameters submitted by buyers and sellers of electric power using a feedback control scheme. A control node is arranged for receiving the parameters via a wide area network and to generate a route plan based on the parameters as well as current supply and demand in a network. The control node is also connected to the transmission and distribution systems to dynamically route electric power between matched buyers and sellers to effect the route plan. | 01-07-2016 |
20160005119 | Configuration of a Network Partition with Arrangement of Intercepting/Regulating Elements Based on Distribution of Residual Capacity of Sources to Parts - A method, and associated system and computer program product, for configuring a network of interconnected sources and users of a commodity, the method comprises: providing a partition of the users into a plurality of disjoints parts; initializing a grouping of the sources and parts into a plurality of disjoint groups each one comprising one or more interconnected sources and parts; repeating selecting an enlarging group among the groups being over-supplied, selecting an adding part among the parts adjacent to the enlarging group being under-supplied, merging the adding part and the possible group thereof into the enlarging group, and updating the supply balance of the merged enlarging group and the residual demand of the parts thereof according to the merging until all the parts belong to a single group; and determining an arrangement of intercepting/regulating elements according to the conditions of the inter-part connections. | 01-07-2016 |
20160005121 | SYSTEMS AND METHODS FOR PROVIDING EXCHANGE TRADED FUNDS AS AN INVESTMENT OPTION FOR INDIVIDUAL ACCOUNT RETIREMENT PLANS - The disclosed technology relates generally to a method and system for providing exchange traded funds (ETFs) as investment options for individual account retirement plans. Participants may purchase, in certain embodiments, ETFs, mutual funds, collective investment trusts or other investments for their retirement plan accounts. The disclosed technology provides participants with the ability to purchase ETFs for their retirement account and benefit from these advantages. The disclosed technology enables participants to be allocated fractional shares—thus allowing them to purchase and sell a desired number of shares without having to round their purchase to the nearest whole share. Instead, a house account is used to purchase or sell the number of shares necessary to execute a whole share transaction. This provides participants with increased flexibility from low investment costs and broad investment choices—gaining the ability to more precisely tailor their retirement investments and save more for retirement. | 01-07-2016 |
20160005122 | LARGE LIQUIDITY SEEKING TRADING PLATFORM - An electronic trading system implements a display price that guarantees a minimum available quantity for trade. The electronic trading system determines a quantity of financial instruments available at various prices for incoming orders. A display bid price and display offer price are determined so that the quantity available at the display prices exceeds a display quantity threshold. The electronic trading system receives orders designated fast and slow. Fast orders are used for large, rapid trades at known prices. Slow orders trade with a delay for a price improvement auction. Orders meeting a minimum order quantity threshold may participate in an auction for incoming orders that offers price improvement to the execution price of aggressively priced orders. The electronic trading system implements risk management measures based on order size and percentage filled for individual trades and series of trades. The electronic trading system supports orders having multiple legs. | 01-07-2016 |
20160005123 | LARGE LIQUIDITY SEEKING TRADING PLATFORM - An electronic trading system implements a display price that guarantees a minimum available quantity for trade. The electronic trading system determines a quantity of financial instruments available at various prices for incoming orders. A display bid price and display offer price are determined so that the quantity available at the display prices exceeds a display quantity threshold. The electronic trading system receives orders designated fast and slow. Fast orders are used for large, rapid trades at known prices. Slow orders trade with a delay for a price improvement auction. Orders meeting a minimum order quantity threshold may participate in an auction for incoming orders that offers price improvement to the execution price of aggressively priced orders. The electronic trading system implements risk management measures based on order size and percentage filled for individual trades and series of trades. The electronic trading system supports orders having multiple legs. | 01-07-2016 |
20160012529 | TRADING SYSTEM WITH PRICE IMPROVEMENT | 01-14-2016 |
20160012530 | Method and system to provide investment traders biofeedback in Real-Time during the decision time immediately prior to make or not make a transaction | 01-14-2016 |
20160012531 | System and Method of Interferometric Securities Trading, Event Detection, and Communication | 01-14-2016 |
20160012533 | AUTOMATED TRADING SYSTEM IN AN ELECTRONIC TRADING EXCHANGE | 01-14-2016 |
20160019643 | Invoice Swap Spreads - Stored invoice swap spread (IVSP) parameters may indicate that an IVSP conforming to the IVSP parameters includes a futures contract leg conforming to futures contract parameters and an interest rate swap (IRS) leg conforming to IRS parameters. A yield may be calculated based on an invoice price for a delivered debt instrument corresponding to a futures contract leg of an executed IVSP conforming to the IVSP parameters and based on the terms of the delivered debt instrument. A fixed rate for an IRS leg of the executed IVSP may be calculated based on the IRS parameters, the yield, and a price of the executed IVSP. Fixed rate payment dates for the IRS leg of the executed IVSP may be determined based on the IRS parameters and the terms of the delivered debt instrument. | 01-21-2016 |
20160019644 | SIZE-BASED ALLOCATION PRIORITIZATION - The disclosed embodiments relate to systems and methods that match or allocate an incoming order to trade with a plurality of resting orders. Order book data indicative of the resting orders is obtained. An allocation priority listing of the plurality of resting orders is determined based on the order book data. The allocation priority listing prioritizes the plurality of resting orders by order price, and further prioritizes by order size those of the plurality of resting orders having an identical order price. A volume of the incoming order is allocated in accordance with the allocation priority listing by proceeding sequentially through the plurality of resting orders starting with the respective resting order listed first in the allocation priority listing. A successive resting order in the allocation priority listing is not filled until the respective resting order currently being filled is either filled completely or a fill limit is met. | 01-21-2016 |
20160019645 | Automated Trading System - A computer trading system includes a quote screening function configured to accept quotes specifying a quote amount in a price where the quote amount is greater than a minimum quote amount to produce screen quote messages and to reject quotes specifying a quote amount less than the minimum quote amount. A market view generator generates market views from those quotes which specify an amount greater than or equal to the minimum quote amount. An order screening function only accepts orders specifying an amount less than a maximum transaction amount submitted in response to the market views to produce screened order messages. A transaction processor receives screened quote messages and screened order messages and matches appropriate messages with each other. The minimum quote amount is substantially equal to or greater than the maximum transaction amount whereby a screened order message can be matched entirely with one screened quote message. | 01-21-2016 |
20160027108 | FINANCIAL INFORMATION EXCHANGE (FIX) PROTOCOL BASED LOAD BALANCING - Methods and systems for efficiently allocating a Financial Information eXchange (FIX) protocol based trading session/transaction a server by means of a load balancer are provided. According to one embodiment, a FIX packet of a FIX session is received at a load balancer fronting multiple servers of a high frequency trading (HFT) platform. A customer of the HFT platform is identified based on a SenderCompID field of the FIX packet. A customer weighting factor is determined based on a previously ascertained usage pattern of resources of the HFT platform by the customer. The customer is assigned to a server based on the weighting factor and a load of the selected server. A transport protocol flow associated with the FIX session is offloaded to a Network Processor (NP) Application Specific Integrated Circuit (ASIC). Therefore, subsequent FIX packets of the FIX session are processed by the NP ASIC. | 01-28-2016 |
20160027109 | Systems and Methods for the Non-Partisan Marketing, Distribution, Pricing and Allocation of New Issue Securities - Systems and methods for conducting new issue securities offerings, which may be contingent upon the achievement of certain metrics, using an innovative methodology and system that provides price discovery and demand discovery through the use of a substantially transparent public media. Using a hub entity, new issue offering information is published, in real-time, using a global communications network that allows for open access and use by all investors. In operation, broker-dealers submit investor orders for offerings to the hub entity which in turn updates, in real-time, summary data concerning investors' orders through the communications platform. The hub entity further publishes, in real-time, estimated pricing data for the new issue offering based upon the investor orders or from values calculated to replicate a managed investment product. Upon completion of the new issue marketing period, settlement of the offering is completed based upon the order allocations determined by the hub entity. | 01-28-2016 |
20160027110 | DYNAMIC TICK TRADING PLATFORM - A trading platform comprising a processor and tangible computer readable storage media. The platform may comprise instructions for receiving and processing orders and bids. The platform may store the bids and offers in a bid and offer order book. The platform may group the bids and offers based on price and notional value. The platform may redistribute groupings of bids and offers after a new bid or offer is received in the platform. | 01-28-2016 |
20160027112 | Broadband Orthogonal Resource Grouping - A dynamic spectrum arbitrage (DSA) system includes components configured with processor-executable instructions to implement methods for dynamically managing the availability, allocation, access, and use of telecommunication resources, such as radio frequency (RF) spectrum resources, between participating networks. The components may also be configured to generate granular resource units that each identify an amount of a telecommunication resource that is offered for allocation and/or use by other networks with respect to an area or volume, and offer the resource units for purchase, lease, or trade, such as via a commodities exchange or a telecommunications commodity exchange (TCE) component. The resource units may be generated so that they use a universal standard to identify, quantify, measure, and represent the telecommunication resources and/or so that they identify the telecommunication resources in a standardized format and structure that facilitates comparing and valuating the resource units or their offered amounts of telecommunication resources. | 01-28-2016 |
20160027113 | SYSTEM AND METHOD FOR DEVELOPING TRADING STRATEGIES THROUGH A GRAPHICAL USER INTERFACE - A system and method for providing a framework for developing trading strategies through a graphical user interface includes a client device functionally associated with a network which displays the graphical user interface; an interfacing server, functionally associated with the client device through the network; a transaction server which facilitates transfer of data/information/metadata associated with the user; a database/data store, functionally associated with the transaction server which stores data including the user data; a portfolio management and trading module functionally associated with the database/data store which facilitates position selection, trade of financial instruments and all associated portfolio and trade management functions and a financial instrument related data analyzer functionally associated with the interfacing server wherein said graphical user interface uses symbols and context to enable the user to build, test, review and implement a trading strategy for trade of financial instruments. | 01-28-2016 |
20160027114 | METHODS AND SYSTEMS FOR CREATING A TIME DEPOSIT VOLATILITY INDEX AND TRADING DERIVATIVE PRODUCTS BASED THEREON - A computer system for calculating a time deposit volatility index comprising memory configured to store at least one program; and at least one processor communicatively coupled to the memory, in which the at least one program, when executed by the at least one processor, causes the at least one processor to receive data regarding options on time deposit derivatives; calculate, using the data regarding options on time deposit derivatives, the time deposit volatility index; and transmit data regarding the time deposit volatility index. | 01-28-2016 |
20160027117 | System and Method for Enabling Integrated Channels in an IP Marketplace - A comprehensive platform for merchandising intellectual property (IP) and conducting IP transactions is disclosed. A standardized data collection method enables IP assets to be characterized, rated and valuated in a consistent manner. Project management, workflow and data security functionality enable consistent, efficient and secure interactions between the IP Marketplace participants throughout the IP transaction process. Business rules, workflows, valuation models and rating methods may be user defined or based upon marketplace, industry or technology standards. | 01-28-2016 |
20160034896 | SYSTEMS AND METHODS FOR EXTENDING IDENTITY ATTRIBUTES AND AUTHENTICATION FACTORS IN AN ePAYMENT ADDRESS REGISTRY - The present invention relates to a network of registries that are: synchronized in whole or in part to a root registry; and are compilations of registrant data from accredited Identity Providers that accept liability for registering verified and accurate identity attributes. Registries associate a unique identifier with: a financial account owner's Personally Identifying Information; one or more linked publicly discoverable ePayment addresses to an account at a Financial Institution and a financial account owner's profile of preferences related to the capture, handling, transfer and storage of monetary and informational assets. Preferences extensions include: operating instructions and rule sets; and authentication factors that may make use of time sensitive data at one or more institutions. | 02-04-2016 |
20160035024 | Initial Margining Using Decayed Scenarios - A margin requirement is determined for a financial product. A present value of the financial position is obtained, and scenario projected values of the financial position at a future date are calculated for a plurality of loss risk scenarios in accordance with a plurality of scenario curves representative of the plurality of loss risk scenarios, respectively. An initial margin requirement is determined based on the obtained present value and the calculated scenario projected values. Each scenario curve of the plurality of scenario curves is configured to forecast the respective loss risk scenario of the plurality of loss risk scenarios as if looking forward from the future date. In some cases, when the financial position includes a swaption that expires before the future date, the swaption is converted to a seasoned swap if the swaption resides in-the-money. | 02-04-2016 |
20160035026 | ONLINE TRADING SYSTEMS AND METHODS - The present disclosure relates to methods and systems for online trading. Embodiments of the disclosure may retrieve transaction data indicating trading activities associated with a first user and estimate a winning probability of a future trade to be made by the first user based on the transaction data. Some embodiments may also present the winning probability to a second user and receive a following order from the second user to follow the future trade of the first user. In addition, some embodiments may associate the following order with the first user and detect a triggering order placed by the first user. The triggering order may include a trading characteristic associated with the winning probability. Moreover, some embodiments may execute the following order in synchronization with execution of the triggering order. | 02-04-2016 |
20160035027 | SYSTEM AND METHOD FOR EXECUTING SYNCHRONIZED TRADES IN MULTIPLE EXCHANGES - A financial trading system that includes a trading server, multiple financial exchanges, and multiple servers with each server associated with and co-located at an exchange and comprising a high accuracy clock. The trading server divides a large transaction order into multiple smaller transaction orders and combines each smaller transaction order with a transaction execution time. The trading server sends a financial trade instruction based on each combined smaller transaction order and transaction execution time to each co-located server. When the high accuracy clock on each server reaches the transaction execution time, all the servers submit their smaller transaction orders to the respective financial exchanges substantially simultaneously. | 02-04-2016 |
20160035028 | Method For Facilitating Futures Trading Of Synthetic Benchmark Corporate Bonds - A method of creating and trading on an exchange a futures contract linked to the yield of synthetic corporate debt instruments. The terms of the contract are such that it provides for a cash payment from one party to another based on the yield of a synthetically created corporate bond benchmark upon expiration of the futures contract. The synthetic corporate bond benchmark terms may include a combination of yield, credit rating, maturity, industry, currency or some other economically significant variable such terms being defined prior to the standardized contract being available for trading. Corporate synthetic benchmarks are valued by assigning traded corporate debt securities to the defined risk category and calculating the resultant yield. The contract may also reference two or more synthetic benchmarks. | 02-04-2016 |
20160035029 | COMMODITIES RANKING AND BIDDING SYSTEM AND METHOD - A system, method, and apparatus allowing commodity providers to identify and potentially acquire commodity consumers is described. Specially, the system, method, and apparatus comprises at least one communication component that receives commodity pricing offers from one or more commodity providers and user offers from one or more commodity users. The system, method, and apparatus further provides for a matching assessment component configured to assess each commodity provider's commodity pricing offer and the user's offer based at least partially on the commodity pricing offers and the user's offer to determine whether there is a match of offers. The system, method, and apparatus may also comprise a rank bidding component that allows commodity providers to bid for a higher rank in the offers presented to a user. The system, method, and apparatus may also comprise a facilitation component for facilitating a benefit to an entity based at least partially on the assessment. | 02-04-2016 |
20160035030 | Graphical Display with Integrated Recent Period Zoom and Historical Period Context Data - A system and method are provided for displaying a data series. In one embodiment, a graphical interface is provided including at least one axis that is divided into a plurality of axis regions. Preferably, each axis region uses a different linear scale, and the plurality of axis regions forms a continuous non-linear scale. The graphical interface also displays the data series in relation to the plurality of axis regions, and the data series is plotted in relation to each axis region based on a scale resolution corresponding to each respective axis region. | 02-04-2016 |
20160035031 | User Interface for an Electronic Trading System - A user interface for an electronic trading exchange is provided which allows a remote trader to view in real time bid orders, offer orders, and trades for an item, and optionally one or more sources of contextual data. Individual traders place orders on remote client terminals, and this information is routed to a transaction server. The transaction server receives order information from the remote terminals, matches a bid for an item to an offer for an item responsive to the bid corresponding with the offer, and communicates outstanding bid and offer information, and additional information (such as trades and contextual data) back to the client terminals. Each client terminal displays all of the outstanding bids and offers for an item, allowing the trader to view trends in orders for an item. A priority view is provided in which orders are displayed as tokens at locations corresponding to the values of the orders. The size of the tokens reflects the quantity of the orders. An alternate view positions order icons at a location which reflects the value and quantity of the order. Additionally, contextual data for the item is also displayed to allow the trader to consider as much information as possible while making transaction decisions. A pit panel view is also provided in which traders connected to the pit are represented by icons, and are displayed corresponding to an activity level of the trader. | 02-04-2016 |
20160042453 | Electronic cannabis financial trading platform - An electronic financial market for agricultural financial instruments based on agricultural products such as cannabis financial instruments is provided that provides for price discovery. Information regarding the agricultural products, including information regarding at least one chemical compound present within the agricultural product is received. A pharmaceutical index is included in specifications for agricultural financial instruments. The index is based on the chemical compounds present within the agricultural product. The specification, including the indexing formula, is published, and the agricultural financial instrument is electronically matched. | 02-11-2016 |
20160042454 | ELECTRONIC OUTCRY MESSAGING FOR ELECTRONIC TRADING - Methods, devices, and systems for facilitation of communication between participants of an electronic marketplace involve receiving a message generated from a market participant and transmitting the message to other market participants. The facilitation also involves receiving responses to the message from the other market participants and transmitting the responses to the message originating market participant such that the transmitted response is imperceptible to the other market participants. | 02-11-2016 |
20160042455 | PERFORMANCE EVALUATION OF TRADING STRATEGIES - Implementations of the present disclosure include methods, systems, and computer-readable storage mediums for automatically configuring a user interface for interacting with an application. Actions can include receiving a request provided through a user interface of a remote device, the request including a plurality of elements including an identifier associated with a tradable asset, and a time period; in response to receiving the request, obtaining at least one transactions series relating to the tradable asset within the time period, the at least one transactions series corresponding to a trading strategy; determining a performance indicator of the trading strategy based on the transactions series; and transmitting a response to the request including content relating to the performance indicator of the trading strategy. | 02-11-2016 |
20160042456 | TECHNIQUES FOR AUTOMATED CALL CROSS TRADE IMBALANCE EXECUTION - Various embodiments are generally directed to techniques for automated call cross trade imbalance execution. Techniques described herein may provide an automated crossing solution for buy-side clients that limits position information to banks and individuals prior to setting a benchmark rate for foreign exchange. In some embodiments, clients may roll forward spot trades with a chosen counterparty bank, which is then sent to a centralized, automated, bank platform. Techniques described herein may offer a multi-bank platform solution that accepts trades, validates trades, performs credit checks, and executes trades in a manner that limits knowledge of position information prior to setting a benchmark rate. Further, proposed techniques include determining a trade imbalance and automatically executing the determined trade imbalance in a manner such that market impact is minimalized. In some embodiments, trade imbalances may be calculated on a bank-by-bank basis, thus allowing each bank to execute its own trade imbalance. Other embodiments are described. | 02-11-2016 |
20160042457 | SYSTEM AND METHOD FOR CONDUCTING A REAL ESTATE AUCTION IN A NETWORK - Embodiments described herein include a network-based exchange for conducting transactions involving fractional interests in real estate assets. The platform acts as both a market where participants can buy and sell fractional interests in real estate properties and a funding mechanism where entrepreneurial real estate promoters can raise capital through a private market. The platform enables a large group of underserved accredited investors to invest in commercial real estate. The system can receive bids over the network for purchase of one or more of the fractional interests from buyers and determine highest bidders for each fractional interest. Successful buyers can then be identified for each fractional interest when the highest bidder bids an amount that meets or exceeds a reserve price set by the seller. Ownership of a fractional interest in the real estate asset includes the right to a proportional amount of income generated by the fractional interest. | 02-11-2016 |
20160048914 | TRADE SURVEILLANCE AND MONITORING SYSTEMS AND/OR METHODS - Certain example embodiments relate to trade surveillance and monitoring systems and/or methods that take into account both subjective physical trader emotional attributes, and objective activity measures (e.g., trading activity, financial market activity, etc.). Detect scenarios (which may be thought of as logical sequences that define types or patterns used in detecting unwanted incidents) and context scenarios (which may be thought of as logical sequences that help provide additional context in the investigation stage of an incident) may be defined to take into account such information and be used in these and/or regards. | 02-18-2016 |
20160048915 | AUTOMATED TRADING EXCHANGE SYSTEM HAVING INTEGRATED QUOTE RISK MONITORING AND INTEGRATED QUOTE MODIFICATION SERVICES - An automated trading exchange having integrated quote risk monitoring and quote modification services. An apparatus is implemented using at least one computer, having memory, and a processor. The computer is configured to receive orders and quotes, wherein specified ones of the quotes are contained in a quote group, and have associated trading parameters such as a risk threshold. Not all received quotes are required to have trading parameters as described herein. Preferably, the quote group contains all the quotes, or a subset of quotes, belonging to an individual market-maker for a given class of options contracts, or possibly the quotes of two or more market-makers that have identified themselves as belonging to a group for the purposes of risk monitoring and quote modification. The computer typically generates a trade by matching the received orders and quotes to previously received orders and quotes, and otherwise stores each of the received orders and quotes if a trade is not generated. The computer then determines whether a quote within the quote group has been filled as a result of the generated trade, and if so, determines a risk level and an aggregate risk level associated with said trade. The computer then compares the aggregate risk level with the market-maker's risk threshold, and if the threshold is exceeded, automatically modifies at least one of the remaining quotes in the quote group. The computer may also automatically regenerate quotes that have been filled. | 02-18-2016 |
20160048916 | AGGREGATION OF TRADING ORDERS - Systems and methods for generating limit order books are disclosed. A computer system may receive, from a plurality of trading entities, orders that are specified using a machine-to-machine communication protocol. The computer system may select two or more of the received orders, including orders from at least two different ones of the plurality of trading entities, and then generate a limit order book that includes the selected orders. The computer system may then convey the limit order book to a graphical user interface of a trader. In one embodiment, the orders may be for foreign exchange instruments. | 02-18-2016 |
20160048917 | AUTOMATED TRADING - Systems and methods for automated trading are disclosed. In one embodiment, a computer system may execute program instructions to generate dealable prices at which a first trading entity is willing to buy and/or sell an item. The system may then communicate the generated prices from the computer system to a trading system, causing the trading system to post the communicated prices. In another embodiment, the computer system may execute program instructions to determine to hit dealable prices for items posted to the trading system. For example, these actions may be performed for spot trades of a foreign currency pair, without requiring the use of a graphical user interface. In other embodiments, the computer system may use received prices to automatically generate a pricing forecast. | 02-18-2016 |
20160048918 | Alerting Method of a Trend of Security Information - An alerting method of a trend of security information is implemented in a client device of a security information processing system. The method allows a user of the client device to click and drag at least one trend line on a technical graph of security information to form at least one alerting line so as to generate at least one advising condition corresponding to the trend line and the user's click-and-drag operations. When the client device receives a plurality of security information, the client device checks if any of the received security information matches any one of the advising conditions. If “YES”, then the client device generates an alerting signal and displays that matched security information on the client device, such that the user can see the matched security information and take it as a reference for deciding whether or not to buy or sell the security. | 02-18-2016 |
20160048919 | SYSTEM FOR TRADING ELECTRONIC TRADED PROPERTIES - A programmed computer for facilitating trades of electronic traded properties (ETP) including a memory and a processor executing program code stored in the memory. The program includes receiving a number of shares and rentable building area for an ETP, generating an indifference factor for the ETP based on the number of shares and the rentable building area, receiving and displaying in real time a price expressed in price per share for the ETP, and generating and displaying in real time a price expressed in price per square foot based on the price expressed in price per share and the indifference factor. | 02-18-2016 |
20160048920 | CONTROL SYSTEM - Methods and systems are provided herewith for determining prices and executing trades for a plurality of users of an electronic trading system. A central processor may receive a processor a plurality of bid-offer pairs from a plurality of users. Each bid-offer pair may comprise a bid price and an offer price, e.g. for a financial transaction such as a currency exchange. A price of a trade may be determined based on one or more of the bid-offer pairs. The processor may match user orders to trade and transact a trade at the determined price. A price for the traded product may be measured at a predetermined time after the trade. A flow may be determined for a plurality of trades between two users based on the difference, for each trade, between the trade price and a subsequent price measured at a predetermined time after the trade. Afterwards, for at least one subsequent trade between the two users, the at least one corresponding price may be adjusted or otherwise determined based on the determined flow. | 02-18-2016 |
20160055579 | DECREASING TIME TO MARKET OF A PRE-CONFIGURED HYPER-CONVERGED COMPUTING DEVICE - In a method for decreasing time to market of a pre-configured hyper-converged computing device for supporting a virtualization infrastructure, software is developed, by a first party, to be uploaded on the pre-configured hyper-converged computing device. A second party is determined for building the pre-configured hyper-converged computing device. The first party and the second party collaborate to determine hardware efficiently suited to execute the software. The first party maintains at least some control over the second party for building the pre-configured hyper-converged computing device such that revenue is enhanced by decreasing time to market of the pre-configured hyper-converged computing device. | 02-25-2016 |
20160055580 | SYSTEM AND METHOD FOR PORTFOLIO SYNCHRONIZATION - A system and method for automated securities portfolio synchronization is provided. The system includes a lead trader account database, a follower account database, and a trade determination system. A follower provides a lead trader identification which is used to retrieve a lead trader portfolio from the lead trader account database for display to the Follower. The contents of the lead trader portfolio are compared to securities already owned by the follower and to a list of securities not to be purchased that is retrieved from the follower account database. The follower may then make adjustments to the lead trader portfolio and synchronize their portfolio to that of the lead trader. | 02-25-2016 |
20160055581 | Dynamic Peg Orders in an Electronic Trading System - In order to protect a trading party from predatory trading strategies employed by some market participants, especially during certain periods when quotes for a particular security are experiencing rapid changes or transitions, embodiments of the present invention facilitate and support a new type of trading orders whose booking and execution behaviors are dynamically varied in response to environmental market conditions. Pursuant to predefined rules for the new type of trading orders, the orders may be allowed to trade at more aggressive price levels if the market is relatively stable, and the orders can only trade at less aggressive price levels when the market is unstable. | 02-25-2016 |
20160055582 | Customizable Macro-Based Order Entry Protocol and System - The present technology is related to employing a template/macro-based order entry system. An initial order data message contains a macro that establishes the initial parameters for an order and a unique ID is associated with the template. Subsequent, and potentially smaller sized data messages contain the unique ID as well as relevant order details for placing an order. Of course, the technology described herein envisions a much broader concept of reducing message sizes to help improve overall latency and is not limited to order entry. | 02-25-2016 |
20160055583 | MOBILE GLOBAL EXCHANGE PLATFORM - A mobile global exchange platform is provided. The mobile global exchange platform includes a processor, a hardware receiver that receives an indication that a sum is to be transferred between transaction systems, a determining component that determines a country of origin for the transaction systems, a data accessing component that accesses data structures that indicate financial regulatory schemes under which the transaction systems operate, an analyzing engine that analyzes the current regulatory schemes to determine how to transfer sums between the first and second transaction systems in accordance with each system's respective financial regulatory scheme, and a value transferring component configured to electronically transfer the sum, in compliance with the regulatory schemes of the transaction systems, so that the sum is transferred from one transaction system to another transaction system according to each system's respective current regulatory schemes. | 02-25-2016 |
20160063621 | BRIDGED WEEKLY FX FUTURES PRODUCT - A bridged weekly FX futures contract may include a series of weekly futures contracts extending over a specified time period, such as about 5 years. The series of contracts may be bridged such that long and short positions may be delivered into the next subsequent weekly contract of the same type. Upon delivery, a pass-through payment may be made from a long position to a short position, or vice versa, and may be contingent upon the relationship of spot and 1-week forward exchange rate values. The final contract in the series of weekly expiring FX futures contracts may result in an actual delivery of one currency vs. an equivalent amount of the opposite currency of the associated futures contract. By doing so, the bridged weekly FX futures contracts may allow a trader to maintain exposure in a desired currency pair over an extended or nearly perpetual period of time. | 03-03-2016 |
20160063622 | APPARATUS, DATA BASE SYSTEM AND COMPUTER PROGRAM PRODUCT FOR TRADING FINANCIAL INSTRUMENTS - An apparatus ( | 03-03-2016 |
20160063623 | Methods and Apparatus for Determining and Displaying the Constituent Components of a Trading Strategy - Certain embodiments provide a method for defining, via a trading interface implemented by a trading device, a trading strategy including a first contract associated with a first tradeable object and a second contract associated with a second tradeable object. The example method also includes receiving, by the trading device, market data provided by the electronic exchange, the market update includes price and quantity information related to the first and second tradeable objects. The example method also includes determining, by the trading device, that at least one of a first price and a first quantity associated with the first contract is implied based on at least one of a second price and a second quantity associated with the second contract. The example method also includes receiving, via the trading interface implemented by the trading device, a selection input corresponding to the trading strategy listed in the trading interface, and displaying, via the trading interface implemented by the trading device, a strategy indicator arranged to identify the trading strategy in the trading interface, wherein the strategy indicator is generated in response to the received selection input; and displaying, via the trading interface implemented by the trading device, an implied indicator arranged to identify the first contract and configured to reflect a link between at least the first contract and the selected trading strategy. | 03-03-2016 |
20160063624 | AUTOMATED ENERGY BROKERING - A facility for automated energy brokering on behalf of an energy customer of the first energy supplier is described. The facility analyzes at least one bill issued to the energy customer on behalf of the first energy provider to determine terms of a current energy purchase arrangement of the energy customer. The facility obtains pricing information for a plurality of second energy suppliers each different from the first energy supplier. The facility identifies one of the second energy suppliers is more favorable to the energy customer than the first energy supplier. The facility enables the consolidation of a group of energy customers to obtain additional savings from energy suppliers. The facility also enables energy bills to be audited for errors. | 03-03-2016 |
20160063625 | AUTOMATED ENERGY BROKERING - A facility for automated energy brokering on behalf of an energy customer of the first energy supplier is described. The facility analyzes at least one bill issued to the energy customer on behalf of the first energy provider to determine terms of a current energy purchase arrangement of the energy customer. The facility obtains pricing information for a plurality of second energy suppliers each different from the first energy supplier. The facility identifies one of the second energy suppliers is more favorable to the energy customer than the first energy supplier. The facility enables the consolidation of a group of energy customers to obtain additional savings from energy suppliers. The facility also enables energy bills to be audited for errors. | 03-03-2016 |
20160063626 | AUTOMATED ENERGY BROKERING - A facility for automated energy brokering on behalf of an energy customer of the first energy supplier is described. The facility analyzes at least one bill issued to the energy customer on behalf of the first energy provider to determine terms of a current energy purchase arrangement of the energy customer. The facility obtains pricing information for a plurality of second energy suppliers each different from the first energy supplier. The facility identifies one of the second energy suppliers is more favorable to the energy customer than the first energy supplier. The facility enables the consolidation of a group of energy customers to obtain additional savings from energy suppliers. The facility also enables energy bills to be audited for errors. | 03-03-2016 |
20160063627 | TREND TRACKING METHOD - A method of establishing a cumulative sum (CUSUM) tracking strategy that limits large positions is disclosed. The method monitors the price of an asset over time and classifies changes as an upward or downward trend. An upward cumulative and downward cumulative sum are compared to thresholds. An alarm is fired when a threshold is exceeded. A buy action is performed during the upward trend or a sell action is performed during the downward trend. The method is restarted with newly-initialized upward cumulative sum and downward cumulative sum when the alarm is triggered. | 03-03-2016 |
20160063628 | DATA PACKET PROCESSING METHODS, SYSTEMS, AND APPARATUS - The technology detects undesirable data packets. Data packets are received from multiple sources at one or more packet switches in a data communications network. The one or more packet switches route the data packets to one or more intended destination computing nodes and also transmit a copy of all the data packets received in the data communications network to a network capture device. The network capture device processes the data packets, detects financial data packets, and transmits the detected financial data packets for analysis by a risk exposure computer system that performs automatic financial risk analysis based on the detected financial data packets. | 03-03-2016 |
20160071209 | SYSTEM AND COMPUTER PROGRAM PRODUCT FOR MANAGING CROWD FUNDING - A system and computer program product for managing crowd funding. The system includes a plurality of remote computers respectively operated by a plurality of users, a shared database in communication with a central server configured to receive and verify a request for a plurality of crowd related funding, store the information for each of the plurality of crowd related funding in the shared database, provide a listing for each of the plurality of crowd related funding from the shared database on at least one of the plurality of remote computers, receive one or more funding bids for at least one of the plurality of crowd related funding from one or more crowd members during a predefined period, and calculate a funding amount based on the one or more funding bids. | 03-10-2016 |
20160078535 | SYSTEM AND METHOD FOR CROSS-MARKET TRADING OF ETF WITH A SHARE UNDERLYING - The application relates to systems and methods for managing funds. The system is programmed to receive an instruction about a first exchange-traded fund (ETF) in a first exchange system, identify a second ETF according to the instruction in a second exchange system, determine a first underlying currency for the first ETF and a second underlying currency for the second ETF and a currency exchange rate between the first underlying currency and the second underlying currency, obtain an exchange ratio between the first ETF and the second ETF based on the currency exchange rate and components of the first and second ETFs, and exchange a first number of shares of the first ETF to a second number of shares of the second ETF according to the exchange ratio. Thus, the systems and methods allow investors to exchange shares of one ETF to those of another ETF instantly. | 03-17-2016 |
20160078536 | Systems and Methods for Managing Retry Orders - Systems and methods to prevent one or more retry orders from exceeding a bandwidth limitation are disclosed. An example method includes receiving a first retry order and a second retry order, selecting one of the first retry order or the second retry order to communicate to an exchange, communicating the selected one of the first retry order or the second retry order to the exchange, receiving an acknowledgment from the exchange in response to the selected one of the first retry order or the second retry order communicated to the exchange and communicating the other of the selected one of the first retry order or the second retry order to the exchange after receiving the acknowledgment. | 03-17-2016 |
20160078537 | SYSTEM AND METHOD FOR FACILITATION CROSS ORDERS - A number of techniques for improving electronic trading are disclosed. According to some embodiments, an electronic trading system may establish a new Facilitation Cross order type which automatically performs a number of trading steps in a single uninterrupted sequence so as to help a risk trader fulfill a client investor's trading request efficiently and with lower market risk. | 03-17-2016 |
20160078538 | SYSTEM AND METHOD FOR A SEMI-LIT MARKET - A number of techniques for improving electronic trading are disclosed. According to some embodiments, an electronic trading system may selectively disclose to, or withhold from, trade participants order book data depending on whether each participant's trade order meets a predetermined threshold price and/or threshold size or other criteria. | 03-17-2016 |
20160078539 | SYSTEM AND METHOD FOR MODELING AND VERIFYING FINANCIAL TRADING PLATFORMS - A computer-implemented method assesses operation of a financial computing system (FCS). An assessment computer system generates code for a model of the FCS that comprises a model specification for the FCS and a model environment for the FCS. The code for the model uses a type-system based logical programming language that supports typed recursive functions. The assessment computer system generates mathematical axioms that describe the operation of the FCS by compiling the code for the model and assesses the operation of the financial computer system by analyzing the mathematical axioms. | 03-17-2016 |
20160078540 | Online trading method and system for distributed advertising and trading of securities transactions - A method and system to facilitate advertisements and transactions of financial securities that are not listed on public securities exchanges through a website. Examples of such securities include stocks, options, and bonds. Buyers and sellers interact directly with each other by private negotiation, thereby obviating the need for services of a securities broker or traditional securities exchanges. A computerized communications network, such as the Internet, is used as a security for implementing the transactions. A website is utilized to facilitate transactions directly between buyers and sellers. | 03-17-2016 |
20160086264 | Market Dynamic Variable Price Limits - Data indicative of an instruction to calculate an upper price limit and a lower price limit corresponding to a financial product type may be received. In response to that instruction, data representing price information for each of N prior times may be accessed. A statistical analysis of the price information may be performed to obtain a price limit range. The upper lower price limits may be calculated based on the price limit range and based on a price value for instances of the financial product. | 03-24-2016 |
20160086265 | System and Method of Relative Channel Capacity based securities trading - A trader at a specific location from a market or markets may have advantages in trading some securities over other securities. Relative channel capacity analysis could reveal specifically which securities that the trader's location would favor in terms of trading at the market or markets. Additionally the trader could use the relative channel capacity analysis to determine which securities she might have an advantage or disadvantage in trading relative to other traders at other locations. | 03-24-2016 |
20160086266 | ELECTRONIC MARKET MESSAGE MANAGEMENT BY ALLOCATION OF TEMPORALLY SPECIFIC MESSAGES - Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing actions associated with respect to the orders. The actions in the electronic trading system may have times specified within the electronic message for the action to be executed. | 03-24-2016 |
20160086267 | ELECTRONIC MARKET MESSAGE MANAGEMENT OF TEMPORALLY SPECIFIC MESSAGES - Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing actions associated with respect to the orders. The actions in the electronic trading system may have times specified within the electronic message for the action to be executed. | 03-24-2016 |
20160086268 | ELECTRONIC MARKET MESSAGE MANAGEMENT OF MULTIPLE-ACTION MESSAGES - Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing primary actions associated with respect to the orders. Secondary actions in the electronic trading system may also be executed with respect to the orders. | 03-24-2016 |
20160086269 | METHODS AND SYSTEMS FOR IMPROVED ORDER FILL RATES - Example methods and systems for filling an order are disclosed herein. An example method includes identifying a first order for a first tradeable object in a queue, the first order having a first quantity and a first price. The example method includes determining an equivalency between the first tradeable object and the first price and a second tradeable object and a second price of a second order in the queue. The example method includes, if an equivalency is determined, generating a composite order based on the first order and the second order. The composite order is to be recognized by an exchange. The example method includes receiving a filled composite order from the exchange configured to process the generated composite order. The example method includes delivering a first portion of the filled composite order as the first order and a second portion of the filled composite order as the second order. | 03-24-2016 |
20160086270 | DYNAMIC STORAGE BANDWIDTH ALLOCATION - A computer system, method, and program product for dynamically allocating storage bandwidth in an exchange is provided. The method provided creates, by an exchange server, a total inventory of resources for auction, whereby the total inventory of resources for auction includes resources from at least one provider. The total inventory of resources for auction is broadcast to at least one bidder. The amount of a resource is awarded to the at least one bidder at an end of a bidding interval, based on a bid provided by the at least one bidder during the bidding interval, where the amount of the resource is a portion of the total inventory of resources for auction. | 03-24-2016 |
20160086271 | METHOD OF COMPUTERIZED MONITORING OF INVESTMENT TRADING AND ASSOCIATED SYSTEM - A method of computerized monitoring of investment trading includes providing historic trading data for a specific trader, selecting a plurality of trading parameters for the specific trader and obtaining current information regarding the selected parameters, and/or providing historic trading data and applying rules to the current information and/or historic trading data to determine if behavior of interest which may involve a rules violation, a departure from the rules which is not technically a violation or a potential departure from the rules which might make desirable further investigation has occurred. The system may be employed to monitor whether market timing of mutual fund investments has occurred. A corresponding computerized system is disclosed. | 03-24-2016 |
20160086272 | System, Method, and Tool for Synthetic Order Recovery - This patent document relates to a system, method, and tool for synthetic order recovery. In certain embodiments, an exemplary method includes detecting a server event associated with a synthetic order server identified by a synthetic order server identifier, wherein the synthetic order server is in communication with the recovery tool; determining at least one active synthetic order associated with the synthetic order server identifier; determining a child order status for each child order related to the at least one active synthetic order, wherein the child order status includes an updated child order quantity since the server event was detected, and wherein each child order is associated with the synthetic order server identifier; calculating an updated synthetic order quantity for each of the at least one active synthetic order and based on the updated child order quantity; generating a recovery package including the at least one active synthetic order and the updated synthetic order quantity; and communicating the recovery package to the synthetic order server associated with the synthetic order server identifier. | 03-24-2016 |
20160086275 | COMPUTERIZED TECHNIQUES FOR FACILITATING EXCHANGE OF A WATER RESOURCE - Computer-implemented systems, methods, and computer-readable media are provided for facilitating an exchange of a water resource. The computer-implemented systems, methods, and computer-readable media may, for example, receive first information identifying a plurality of attributes regarding a water resource to be offered for sale, receive second information identifying a plurality of attributes regarding a water resource need, automatically calculate a cost associated with providing the water resource, automatically generating a transaction proposal based on the calculated cost, and providing the transaction proposal to a first or second client device for presentation. | 03-24-2016 |
20160086276 | METHOD AND APPARATUS FOR DERIVING BENCHMARKS FOR TRADING INSTRUMENTS - Benchmarks for the price of a financial instrument such as FX spot rate for a currency pair are calculated by an algorithm based on a previous benchmark and a market price. The market price is derived from a deal price and a quote price. The deal price is based on deals conducted since the last benchmark and the quote price is based on bids and offers entered since the last benchmark. For each of the deal and quote prices, a price, weight and scatter is calculated which is used to calculate a benchmark price, weight and scatter and a benchmark error. | 03-24-2016 |
20160092984 | ELECTRONIC MARKET MESSAGE MANAGEMENT USING PRIORITY DETERMINATION - Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing actions associated with respect to the orders and matching orders to counter orders. Matching orders may be based on a priority determined using a market quality index of the order and an associated market participant. | 03-31-2016 |
20160092985 | ELECTRONIC MARKET MESSAGE MANAGEMENT WITH PRIORITY DETERMINATION - Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing actions associated with respect to the orders and matching orders to counter orders. Matching orders may be based on a priority determined using a market quality index of the order and an associated market participant. | 03-31-2016 |
20160092989 | PREDICTION MARKET AND COMBINATORIAL PREDICTION MARKET VOLUME FORECASTS - Systems and methods for volumetric forecasting based on prediction market probability estimates. Alternative simulated starting values for prediction markets are used in order to determine the preferred starting values for prediction markets to use in volumetric forecasting. A user interface that facilitates using prediction market probability estimates to determine volumetric forecasts is described herein. | 03-31-2016 |
20160098727 | ARRANGEMENTS FOR ADMINISTRATING AND MANAGING A CONSTRUCTION PROJECT - In some embodiments, a construction project administration system and method are disclosed that queries an administrator as to ownership, construction specifications, bidding parameters etc. for a proposed construction project using active first, second and third level questions and accepts and stores replies to the active questions. The stored replies can be compared to predetermined answers, and questions that become irrelevant based on the answers can be deactivated and taken off a list of questions to be asked. After a sufficient amount of questions are answered, the system can auto-configure a process for online construction management. For example a website can be set up that can be used by all parties to the project to automate communications, the exchange of data, status updates etc. including the submission of bids, acceptance of bids, and the award of contracts and many more paperless construction management features. | 04-07-2016 |
20160098794 | Next-Generation Energy Market Design and Implementation - A process/method is provided for the next generation of electricity market systems that support competitive trading of electric energy and ancillary services within day-ahead and real-time market operation frameworks. The invention comprises the systems and methods related to advances in electricity market architecture, functionality, and performance. The systems and methods of the invention ensure system operation reliability and maximize market economic efficiency of energy and ancillary services trading in competitive market environment. | 04-07-2016 |
20160098797 | METHOD OF COMPUTERIZED MONITORING OF INVESTMENT TRADING AND ASSOCIATED SYSTEM - A method of computerized monitoring of investment trading includes providing historic trading data for a specific trader, selecting a plurality of trading parameters for the specific trader and obtaining current information regarding the selected parameters, and/or providing historic trading data and applying rules to the current information and/or historic trading data to determine if a rules violation has occurred. The system may be employed to monitor whether market timing of mutual fund investments has occurred. A corresponding computerized system is disclosed. | 04-07-2016 |
20160104239 | PRE-CONTRACTED, STAGED, CURRENCY EXCHANGE SYSTEM - The present invention is directed to apparatuses, methods, and computer program products for implementing a pre-contracted, staged, currency exchange system. Implementation includes receiving travel information from a user; processing the travel information, wherein processing the travel information comprises determining a negotiated currency exchange rate based on the received travel information; generating a contract based on processing the travel information, wherein the contract comprises terms for executing one or more transactions using the negotiated currency exchange rate, wherein the negotiated currency exchange rate is valid for at least one of a predetermined location, a predetermined number of transactions, or a predetermined period of time; and executing one or more transactions using the negotiated currency exchange rate in accordance with the contract terms. | 04-14-2016 |
20160104240 | Trading Platform - A system and methods that connect parties that are truly axed on opposite sides of a trade, thereby providing investors with the most competitive price while increasing efficiency and reducing transaction costs. | 04-14-2016 |
20160104241 | Mobile Securities Trading Platform - A mobile securities trading platform interface may include a mobile order entry portion, a mobile portfolio view portion, a mobile stock price view portion, an investment education video programming portion (which may also be provided on a non-mobile version of the platform), and a portion for following trades of other users on the platform (which may also be provided on a non-mobile version of the platform). | 04-14-2016 |
20160104242 | SYSTEMS AND METHODS FOR QUANTIFYING TEMPORAL FAIRNESS ON ELECTRONIC TRADING VENUES - A system and method is disclosed for quantifying temporal fairness on an electronic trading venue as a scalar value with unit time. The system may, for an instrument traded on the venue, construct some pluralities of time deltas associated with each pair of market participants in a plurality of such that are active on the instrument. The system may populate these pluralities of time deltas by determining the amount of time that elapses between when the first and second participant in a pair each send (or are sent) a similar message to (or from) the venue. Through analysis of these pluralities of time deltas the system may find two minimum values, f | 04-14-2016 |
20160110806 | SYSTEMS AND/OR METHODS FOR AUTOMATIC ORDERING OF PRE-TRADE ORDER EVALUATIONS - Certain example embodiments described herein relate to systems and/or methods for electronic trading. An example embodiment stores pre-trade order evaluation rules in a memory. The embodiment includes receiving at least one trading order, determining a sequencing of the pre-trade order evaluation rules based on one or more dynamically updated performance metrics associated with the pre-trade order evaluation rules, applying the pre-trade order evaluation rules to the at least one received trading order in accordance with the determined sequencing, and based on results from the applying, either transmitting the at least one received trading order to a trading exchange or rejecting the at least one received trading order. | 04-21-2016 |
20160110807 | CONTAINER SHIPPING CONTRACT EXCHANGE SYSTEM - A computerized exchange for trading container shipping contracts for the future physical transportation of cargo loaded inside a shipping container is provided that comprises an offer module capable of posting thousands of contracts for sale at an offer price published on the computerized exchange. The shipping exchange provides a matching module capable of simultaneously matching thousands of contracts offered on the computerized exchange to a corresponding bid and transform in the offers to purchased contracts. A settlement made capable of notifying carriers identified by the contracts of an obligation to physically transport cargo loaded into a shipping container according to the terms of the contracts is provided. | 04-21-2016 |
20160110808 | COMMODITY EXCHANGE FOR PRE-PURCHASING COMMODITIES AND TRADING FUTURE RIGHTS TO RECEIVE COMMODITIES - A commodity exchange system enables trading and redemption of contracts of commodities with enhanced user experiences and functionalities. A user may pre-purchase a quantity of a commodity (e.g., gasoline) by purchasing a contract of the commodity at a currently traded price of the contract, which provides the user future rights to receive a quantity of the commodity at a strike price (which may be zero). The users may sell (or short sell/underwrite) these contracts through the commodity exchange system. The owner of a contract redeems the contract to obtain the commodity by transacting with a commodity supplier at the strike price, and original seller of the contract or an underwriter associated therewith pays the difference between a spot (market) price and the strike price upon redemption of the contract. | 04-21-2016 |
20160117706 | DEVICE, METHOD AND SYSTEM OF TESTING FINANCIAL DERIVATIVE INSTRUMENTS - Devices, systems and methods of testing financial-derivative instruments. For example, a method may include receiving input information defining a tested financial derivative instrument and one or more testing parameters defining at least a back-testing period; simulating results of a plurality of simulation scenarios corresponding to a plurality of points of time within the back-testing period, each scenario including a modification of the tested financial derivative instrument with respect to a point of time within the back-testing period; and providing an output, which is based on the results of the plurality scenarios. | 04-28-2016 |
20160117769 | STAKEHOLDER NOTIFICATION - As disclosed herein a method, executed by a computer, for enabling stakeholder notification includes receiving a message that indicates a stakeholder for a message and responding to an identified stakeholder without requiring user intervention. The stakeholder, specified by a stakeholder indicator, may be an address, a label, or the like that is included in a message header or embedded in the message. A messaging client may auto-populate the stakeholder indicator with a specified user, such as, a supervisor of the user preparing the message. Activation of the stakeholder field may be a configurable setting configured through email client options, or alternatively may be manually selected by the message author at the time of message creation. A user interface may be available allowing an identified stakeholder to request removal as a stakeholder. A computer system, and computer program product corresponding to the method are also disclosed herein. | 04-28-2016 |
20160117770 | SYSTEM FOR MANAGING INTANGIBLE ASSETS - System for managing intangible assets are provided that allow effective management of intangible assets. The intangible asset management system include a computer based intangible asset management system for storing, managing, disseminating and sharing intangible asset information of an entity among users. The system has a user interface that displays options for a user to enter, view, and edit some or all of the intangible asset information. A database is coupled to the user interface to store the intangible asset information and a processor is coupled to the user interface and the database. The processor receives intangible asset information from the user; processes and organizes the intangible asset information; stores the intangible asset information in the database; updates the database with any new intangible asset information received from the user; and provides the updated intangible asset information in response to an inquiry from a second user. | 04-28-2016 |
20160125399 | Generating a Blended FX Portfolio - Systems and methods for blending a plurality of FX forwards may include determining a signed sum of notional values associated with each of the primary currency component and the settlement currency component of each of the plurality of FX forwards for use in blending the plurality of FX forwards, each of the plurality of FX forwards having matching economics and a different associated fixed rate. A computing device may determine one or more remnant FX forwards to blend the plurality of FX forwards based, at least in part, using the determined sums of the notional values. This may reduce the gross notional and/or the total clearing line items associated with the original FX forwards. In some cases, the computing device may determine a single currency FX forward for blending the plurality of FX forwards. | 05-05-2016 |
20160125532 | SYSTEM AND METHOD FOR PHYSICALS COMMODITY TRADING - A method and system for an electronic commodities trading marketplace along with ancillary tools provide an electronic trading center for world market commodity importers, exporters, and the intermediaries and processors between them. This trading center is offered through its website centered around a 24-hour exchange that provides trading markets for commodities such as coffee, sugar, cocoa and cotton. The scalable system provides aggregated third party services linked to both front and back office operations. These services can include items such as live futures quotes and real-time news, futures brokerage, banking and finance links and resources, and a suite of applications tailored to members' specific risk-management and end-to-end contract execution needs. The system also provides access to shipping related services such as freight brokerage, direct booking for liner transport, load and discharge supervision and laboratory testing. | 05-05-2016 |
20160125533 | SYSTEM AND METHOD FOR SIMULATING A LIVE TRADING MARKET - A method, market test system and computer program product simulate a live, reactive trading market to test an electronic trade strategy. An incoming historical market data feed is received and modified for re-execution. Securities orders are received from an electronic trade strategy and from the modified historical market data feed. Each securities order is tagged to identify a source of origin. Securities orders are executed according to a full market model of a target trading venue. The executed orders are analyzed to identify the source of origin. A price modification value is calculated based on executed orders originating from the electronic trade strategy. The price modification value is used to modify prices of securities orders in the incoming historical market data feed. The incoming historical data feed may be modified by removing “executes.” A configurable personality profile may be applied to alter behavior of the simulated trade market. | 05-05-2016 |
20160125534 | TRADING AVAILABILITY UTILIZING ALTERNATE MESSAGING CHANNELS - Certain embodiments provide a method including determining a communication state of a trading device, the communication state based on one or more factors including a measured signal strength of a first channel, the trading device configured to utilize at least one of a first channel and a second channel to communicate. The example method includes comparing the communication state to a communication criterion. The example method includes reconfiguring, based on the comparison of the communication state to the communication criterion, the trading device from transmitting using only the first channel to transmitting using both the first channel and the second channel. The example method includes assigning a first identifier to a first trading order. The example method includes transmitting the first trade order to a server using both the first and the second channel, the first channel transmitting the first trade order using the first identifier in a first message and the second channel transmitting the first trade order using the first identifier in a second message such that the server is to process only one of the first message and the second message based on the first identifier and a time of receipt of the first message and the second message. | 05-05-2016 |
20160125535 | LOCATION-AWARE RISK MITIGATION SYSTEMS AND METHODS - Certain examples provide systems and methods to determine and respond to trader location. An example method includes monitoring, using feedback from one or more detection devices, a location of a trader with respect to a trading device associated with the trader. The example method includes assigning a presence state to the trader based on the monitored location of the trader. The example method includes comparing the presence state of the trader with a risk threshold. The example method includes triggering a risk mitigation strategy including one or more risk mitigation actions, wherein the selected risk mitigation action is determined based on the comparison between the presence state of the trader and the risk threshold. | 05-05-2016 |
20160125536 | System and Method for Tracking Priority Interests in a Financial Trading System - An electronic trading platform can perform automated trading of one or more types of financial instruments (e.g., equities or options). Interests (e.g., quotes, set of quotes, bids and offers) of market participants are analyzed to determine if they qualify as a “Priority Interest” when an initiating interest is matched with resting interest on the contraside. If one or more interests qualify as a Priority Interest, the corresponding participant who submitted the corresponding interest may remain eligible for allocation in a Market Maker allocation tier. Allocation as a Market Maker with Priority Interest includes, but is not limited to, in combination or individually: (1) allocation ahead of or preference over other equal-priced interest, (2) Market Maker standard fees for trades corresponding to the interest, and/or (3) trades resulting from Priority Interest may count towards a Market Maker's volume requirement(s) in its appointed classes. | 05-05-2016 |
20160132965 | Systems and Methods for Dynamic Currency Conversion - Systems and methods for dynamic currency conversion and a server for an intermediary that transmits messages between participants of a transaction which requires currency conversion are provided. An exemplary method comprises determining that a transaction requires currency conversion, and obtaining at an intermediary a currency conversion rate for the currency conversion, wherein the intermediary transmits messages between participants of the transaction and where the messages enable each of the participants to perform their part in the transaction. The method also comprises facilitating the currency conversion using the currency conversion rate to obtain an amount of the transaction in a desired currency. | 05-12-2016 |
20160132967 | DEVICE, METHOD AND SYSTEM OF AUTOMATICALLY DEFINING A FINANCIAL INSTRUMENT - Devices, systems and methods of automatically defining financial derivative instruments. For example, a computer-based method may include receiving, by a computing device, an input sequence including a sequence of a plurality of input tokens; and based on the input sequence, defining, by the computing device, a financial derivative instrument by determining, based on the plurality of input tokens, values of a plurality of parameters configuring the financial derivative instrument. | 05-12-2016 |
20160140657 | TRANSACTION PROCESSOR FOR CLEARING INTEREST RATE SWAPS WITH IMPROVED EFFICIENCY - The disclosed embodiments relate to improving the efficiency of an electronic trading system for interest rate swaps (“IRS”) by allowing for IRS contracts to be funded in a base currency while the cash flows, e.g. coupon payments, price alignment interest, variation margin, are denominated in a local currency different from the base currency. Thereby cash flows may be netted and offset minimizing the magnitude of funds needed to be moved and reducing the number of transactions processed by the electronic trading system as well as the consumption of computational resources thereby. Furthermore, the disclosed embodiments facilitate entering into IRS transactions is a currency different from the currency of cash flows while eliminating Herstatt risk due to volatility of foreign exchange rates, which allows for increased off shore participation and thereby increased transaction volume. | 05-19-2016 |
20160140658 | ALGORITHMIC MODEL TO ALLOW FOR ORDER COMPLETION AT SETTLEMENT OR AT CLOSE USING EXCHANGE MANDATED RULES FOR SETTLEMENT DETERMINATION - A system and method for managing and processing Market-On-Close orders for financial instruments by dynamically employing trading strategies according to settlement rules for financial instruments is provided. Techniques disclosed can include the use of an execution model that allows a trader to submit a MOC order using a trading system. The trading system can be configured to store settlement and validation rules corresponding to a given trading instrument and/or exchange and can be configured to execute the order according to the rules specified by an exchange. The model disclosed herein can rely on exchange mandated settlement rules and settlement times, can accept the order prior to the settlement time, and can manage the order according to parameters and details of the execution model and the settlement rules specified by an exchange for a given instrument. | 05-19-2016 |
20160140659 | METHOD FOR CREATING A SECONDARY MARKET FOR NON-PUBLICALLY TRADED PRIVATELY PLACED SECURITIES - The present invention is directed to in one embodiment a method for creating a secondary market for the auction based sale and transfer of any and all non-publically traded, private placed and/or restricted, securities, debt instruments and other financial derivatives (Commonly referred to herein generally as “privately placed securities”). | 05-19-2016 |
20160140660 | SYSTEM AND METHOD FOR FINANCIAL MATCHING - A trading platform for trading financial instruments, and in particular for clearing odd lots, that provides the ability to receive, manage, match, and supervise orders. In an exemplary embodiment, the trading platform includes computer software modules and provides graphical user interfaces to handle the process of entering orders for desired positions, monitor the status of open positions, and obtain data in connection order requests. The trading platform is also capable of matching orders and sending orders to be executed. | 05-19-2016 |
20160140661 | Systems and Methods for Routing Trade Orders Based on Exchange Latency - Systems and methods for routing trade orders based on exchange latency are disclosed. An example method includes measuring a first latency associated with a first exchange based on a processing time of a first trade order; and routing a second trade order from a trading device to one of the first and a second exchange based on the first latency. | 05-19-2016 |
20160148310 | COMPUTER-BASED DATA COLLECTION USING A PREDICTION MARKET WITH A LIQUIDITY REDUCING COST FUNCTION - A computer system implements an automated multi-user, multi-event real-time online prediction market, thus providing a more efficient and accurate mechanism to collect opinion information in digital form. The amount of liquidity in the market can be changed as a function of time to reflect how valuable information is at any given time. A computer that implements a prediction market, which offers securities for a plurality of events, is programmed to allocate a data structure for storing a transaction history, access current time information and define a cost function for the market. In one implementation, the cost function switches from a first function to a second function at a point in time prior to occurrence of an event. In another implementation, the cost function can be time dependent so as to gradually change over time. | 05-26-2016 |
20160148311 | METHOD AND SYSTEM FOR PROVIDING INFORMATION ON LOAN TRANSACTION, SHORT SELL TRANSACTION OR EQUITY SWAP TRANSACTION, AND NONTEMPORARY COMPUTER-READABLE RECORDING MEDIUM - According to one aspect of the present invention, provided is a method for proving information on a loan transaction, a short sell transaction or an equity swap transaction, and the method generates information related to at least one among a true outstanding loan, a true borrow cost, true utilization, true short interests, true days to cover, and true availability with respect to securities. | 05-26-2016 |
20160148312 | ELECTRONIC RETAIL SYSTEM - An Internet based system for executing transactions is described. The system may include transaction data, a database, a business logic manager and user profiles. A rules may also be included, and store information about system responses to modifications of the data. The user profiles may be configured to store information concerning the availability of information and displays depending upon the user. | 05-26-2016 |
20160148313 | SYSTEM AND METHOD FOR DISPLAYING MARKET DATA IN AN ELECTRONIC TRADING ENVIRONMENT - A trading interface is provided for displaying market data related to a tradeable object being traded at an electronic exchange. According to one example embodiment, market data related to a tradeable object is displayed in relation to a value axis, such as a price axis. As new market data is received, the displayed market data is updated and may be repositioned so that a trader can view current market conditions in a viewable portion of the interface. The interface also includes a number of market movement indicators that assist a trader in tracking market movement. These viewable references allow a trader to navigate and immediately understand the “real” direction of the market activity despite any underlying adjustment of the viewable area of the trading interface. | 05-26-2016 |
20160155132 | Global Pollution Control System Employing Hybrid Incentive Trade Instruments And Related Method Of Establishing Market Values | 06-02-2016 |
20160155135 | Computer-guided Corporate Governance with Document Generation and Execution | 06-02-2016 |
20160155197 | METHOD AND SYSTEM FOR INITIATING AND CLEARING TRADES | 06-02-2016 |
20160155198 | DISTRIBUTION APPARATUS, DISTRIBUTION METHOD, AND NON-TRANSITORY COMPUTER READABLE STORAGE MEDIUM | 06-02-2016 |
20160155199 | Method and System for Displaying and Trading Spreads | 06-02-2016 |
20160162989 | Mobile opportunistic trading markets - A mobile opportunistic trading system is described where traders list items they wish to trade along with ask prices or offer bids on a trading server. Traders may also include additional information related to the distance or time they are willing to travel in order to trade items. The trading server identifies potential trades and notifies the traders of this. The traders may then organize and participate in an opportunistic market. Traders may also carry mobile computing devices that use a GPS, or other mechanism to determine their present location and communicate this to the trading system. When two or more traders are within an acceptable distance of each other an opportunistic trading market can be created. The mobile opportunistic trading system may also obtain information related to traders travel plans and use this information in order to determine that an opportunistic market is possible. | 06-09-2016 |
20160162990 | ENRICHED MARKET DATA GENERATION AND REPORTING - Systems and methods are provided for determining enhanced price-level market data and/or enhanced order-level market data. To determine the enhanced price-level market data and/or enhanced order-level market data an order monitoring device may be configured to monitor one or more orders placed at an exchange, analyze information corresponding to the one or more monitored orders to determine whether an order, or partial order, was canceled without being matched, and generate the enhanced price-level market data and/or enhanced order-level market data based on the information associated with the canceled orders. | 06-09-2016 |
20160164859 | Method, device, and system of accessing online accounts - Device, system, and method of accessing electronic mail. For example, a computerized method includes: receiving an identifier of an email account, and a password; if the password matches a first reference password previously stored in association with said email account, then authorizing a substantially full access to said email account; if the password matches a second reference password previously stored in association with said email account, then authorizing a restricted access to said email account. | 06-09-2016 |
20160180457 | ELECTRONIC TRADING USING MARKET DATA CHANNELS | 06-23-2016 |
20160180458 | MULTI-PARTY TRADE ORDER ENTRY | 06-23-2016 |
20160180459 | SLICER ORDER MANAGEMENT TOOL | 06-23-2016 |
20160180460 | Methods and Apparatus to Calculate and Present Transaction Adjusted Values | 06-23-2016 |
20160180461 | SYSTEMS AND METHODS FOR MANAGING SECURITY TRADES | 06-23-2016 |
20160180462 | Methodology and System For Creating And Trading A Non-DIsclosed Active Exchange Traded Fund | 06-23-2016 |
20160189167 | Methods and System for Wireless Telecom Fracking Shared Economy - A server computing device may be configured to register a parcel with a component (e.g., another server, etc.) in a dynamic spectrum arbitrage (DSA) system, generate a telecom resource right unit or information structure, and use the generated telecom resource right unit or information structure (e.g., in conjunction with components in the DSA system) to allocate the identified telecommunication resource for access and use by wireless devices that subscribe to a telecommunication network registered with the DSA system. The server computing device may also receive information identifying an amount of the telecommunication resource used within the registered parcel by the wireless devices of the telecommunication network, and use the generated telecom resource right unit or information structure to update a payment account associated with the parcel owner based on the amount of the telecommunication resource used within the registered parcel by the wireless devices that subscribe to the telecommunication network. | 06-30-2016 |
20160189295 | Compression of Price Data - Price change categories may be identified for price changes corresponding to different times. Codes may then be selected based on the identified price change categories and stored. The stored codes may be used for price validation and/or other purposes. | 06-30-2016 |
20160189296 | FLEXIBLE PRICE-VOLUME INDICATOR - Example methods, apparatus, and computer readable storage media are described and disclosed. An example method includes receiving, by a computing device, market data related to a tradeable object. The example method includes displaying, by the computing device, a flexible price-volume indicator, the flexible price-volume indicators aligned with a specific value level in a value axis. The example method includes updating, by the computing device, a display property associated with the flexible price-volume indicator, the display property reflecting a quantity value determined based on the received market data. The example method includes displaying, by the computing device, the flexible price-volume indicator in a differentiated state based on a change in the market data. | 06-30-2016 |
20160189297 | DATASET GENERATION FOR SYSTEM BACKTESTING AND ANALYSIS - A trading strategy may be backtested using modified datasets that include simulated market data. The modified datasets may be determined from datasets that include actual or synthetic market data. Each record in the modified datasets may be based on a record in the datasets that include the actual or synthetic market data. The modified datasets may include more records than the datasets based on the actual or synthetic market data to extend the amount of information that may be used for backtesting. A trading strategy may be applied to one or more modified datasets that include the simulated market data and a result of the trading strategy may be output. | 06-30-2016 |
20160189298 | POWER ADJUSTMENT SYSTEM, POWER ADJUSTMENT METHOD, AND COMPUTER PROGRAM - A first estimator estimates first power to be generated by a photovoltaic power generation apparatus during an interested period. A second estimator estimates second power to be consumed by an electric load during the interested period. A power purchasing cost calculator calculates, when there is a shortfall in the first power compared to the second power, a cost to be paid for receiving, from a power grid, power for compensating for the shortfall. A determiner compares an amount of money to be paid to a customer facility in accordance with a trading term when power is supplied from the power storage apparatus to the power grid, with the cost calculated by the power purchasing cost calculator. A controller causes the power storage apparatus to the electric load when the cost to be paid to the customer facility is equal to or less than the cost. | 06-30-2016 |
20160189299 | System And Method For Facilitating Unified Trading And Control For A Sponsoring Organization's Money Management Process - An embodiment of the present invention provides a system, method, process, software and standards that enable a unified trading and control process utilized by sponsoring organizations and asset managers (money managers) for sub advised or externally managed investment portfolios as to increase control over the trading process by a sponsoring organization, enhance regulatory compliance, substantially lower trading costs and improve investment performance on a recurring basis for the shareholders and beneficiaries investing in registered and non registered mutual funds and institutional investment portfolios. | 06-30-2016 |
20160189300 | Modeling Asset Transfer Flow Relationships Discovered in Unstructured Data - Mechanisms are provided for performing an analysis of content based on a flow of property between entities. The mechanisms analyze a corpus of unstructured documents to identify one or more asset transfer flow relationships between entities. The mechanisms generate an asset transfer flow model defining a flow of an asset between entities based on the one or more asset transfer flow relationships between entities. The mechanisms input the asset transfer flow model into an analysis engine for use in analyzing content. The mechanisms analyze the content using the asset transfer flow model to generate results of the analysis and output the results of the analysis based on the asset transfer flow model. | 06-30-2016 |
20160196606 | TRADING ANOMALY KILL SWITCH | 07-07-2016 |
20160196607 | Method For Indicating Divergence Signals Of Securities Related Technical Indicators | 07-07-2016 |
20160196608 | System and Method for Assigning Responsibility for Trade Order Execution | 07-07-2016 |
20160196609 | DISTRIBUTED DATA PROCESSING | 07-07-2016 |
20160203458 | FACILITATION OF PAYMENTS BETWEEN COUNTERPARTIES BY A CENTRAL COUNTERPARTY | 07-14-2016 |
20160203459 | FACILITATION OF PAYMENTS BETWEEN COUNTERPARTIES BY A CENTRAL COUNTERPARTY | 07-14-2016 |
20160203460 | FACILITATION OF PAYMENTS BETWEEN COUNTERPARTIES BY A CENTRAL COUNTERPARTY | 07-14-2016 |
20160203461 | FACILITATION OF PAYMENTS BETWEEN COUNTERPARTIES BY A CENTRAL COUNTERPARTY | 07-14-2016 |
20160203553 | METHOD AND APPARATUS FOR FACILITATING CAPITAL RAISING | 07-14-2016 |
20160203554 | KEYPAD | 07-14-2016 |
20160203555 | FACILITATION OF PAYMENTS BETWEEN COUNTERPARTIES BY A CENTRAL COUNTERPARTY | 07-14-2016 |
20160203557 | ELECTRONIC TRADING SYSTEM FOR INDEX-BASED PORTFOLIO | 07-14-2016 |
20160253677 | FRACTIONAL OWNERSHIP USING DIGITAL ASSETS | 09-01-2016 |
20160253754 | SYSTEMS AND METHODS FOR AUTOMATING SECURITIES TRADING | 09-01-2016 |
20160253755 | SYSTEM AND METHOD FOR A TRADING INTERFACE INCORPORATING A CHART | 09-01-2016 |
20160253756 | SYSTEM AND METHOD FOR PERFORMING AN OPENING AUCTION OF A DERIVATIVE | 09-01-2016 |
20160379304 | Asset Selection and Monitoring Tool - The embodiments described herein are directed to generating a predictive market indicator for an asset. In one embodiment, a computer-implemented method comprises receiving proposed trades that comprise an asset and a trade recommendation; calculating a proposed trade alpha for the proposed trades; calculating a proposed trade alpha average for the asset based on a subset of the proposed trades comprising the asset; determining an asset alpha for a plurality of assets based on the proposed trade alpha average associated with the assets; generating a ranking of the assets based on the asset alpha associated with the asset; dividing the ranking into a number of segments; determining an indicator number to assign to the assets based on a rank position associated with the assets and the number of segments associated with the ranking; and encoding for display a user interface that specifies the indicator number corresponding with the asset. | 12-29-2016 |
20170236201 | SYSTEMS AND METHODS FOR DETECTING ADVANCE EARNING INSIDER INFORMATION | 08-17-2017 |
20170236202 | PRIORITY MATCHING FOR MAKER ORDERS EXHIBITING DELAYED CANCELATION | 08-17-2017 |
20170236203 | DATA CAPTURE AND REAL TIME RISK CONTROLS FOR ELECTRONIC MARKETS | 08-17-2017 |
20170236204 | METHODS AND SYSTEMS FOR SHOWING PERSPECTIVE IN MARKET DATA | 08-17-2017 |
20170236205 | Distribution of Market Data | 08-17-2017 |
20170236206 | SYSTEM AND METHOD FOR PROCESSING SECURITIES TRADING INSTRUCTIONS AND COMMUNICATING ORDER STATUS VIA A MESSAGING INTERFACE | 08-17-2017 |
20180025418 | Systems and Methods for Setting Up Sale Transactions for an Online Auction | 01-25-2018 |
20180025423 | POWER TRANSACTION MANAGEMENT SYSTEM AND POWER TRANSACTION MANAGEMENT METHOD | 01-25-2018 |
20180025424 | SYSTEM AND METHOD FOR ELECTRONIC DATA SUBMISSION PROCESSING | 01-25-2018 |
20180025425 | METHOD AND SYSTEM FOR QUALIFYING USERS FOR AN ELECTRONIC TRADING ACCOUNT | 01-25-2018 |
20180025426 | Repositioning of Market Information on Trading Screens | 01-25-2018 |
20180025427 | Regulating Order Entry in an Electronic Trading Environment to Maintain an Actual Cost for a Trading Strategy | 01-25-2018 |
20180026445 | DISTRIBUTED HIERARCHICAL CONTROL ARCHITECTURE FOR INTEGRATING SMART GRID ASSETS DURING NORMAL AND DISRUPTED OPERATIONS | 01-25-2018 |
20190147533 | LARGE BLOCK TRADING | 05-16-2019 |
20190147534 | ELECTRONIC MARKET MESSAGE MANAGEMENT OF TEMPORALLY SPECIFIC MESSAGES | 05-16-2019 |
20190147536 | ASSURED INITIAL MARGIN RETURN AMOUNT (AIMRA) SYSTEM | 05-16-2019 |
20220138847 | Multi-Faceted Trading Education - Mentioning investing or trading, herein referred to as trading, in the general populous engenders common expressions related to financial risk, selective success, skepticism, and avoidance. Such reactions are not without justification. Despite increasingly available financial market access as well as improving trading technology and techniques for access to the financial markets, an individual's success is often marginal. Trading involves appropriate market choice for the participant, overall or fundamental event and market awareness, specific asset or technical analysis, aid and indicator choices and techniques, the type of training obtained, the amount of experience based on practice and live market participation, and attributes around the temperament and discipline of a participant. Participation in the market is multi-faceted and provides reasons that general success could be marginal. Disclosed herein is an innovative Multi-Faceted Trading Educational system and process to address the many aspects required for successful financial market participation. | 05-05-2022 |
20220138848 | ELECTRONIC TRADING SYSTEM AND DATA CONCEALMENT METHOD FOR ELECTRONIC TRADING SYSTEM - In an electronic trading system in which a blockchain managing an electronic trading of a trading target is managed by a plurality of nodes, each of the plurality of nodes includes: a first storage unit storing a distributed ledger of the blockchain; and a second storage unit storing content of the trading target to be concealed as actual data in nodes other than a specific node constituting the blockchain. The distributed ledger stored in the first storage unit is stored in all of the plurality of nodes managing the blockchain and is shared by all of the plurality of nodes. The second storage unit of the specific node among the plurality of nodes stores the actual data of the trading target, sets an access right to the actual data stored in the specific node, and stores the access right in the distributed ledger. | 05-05-2022 |
20220138851 | COMPRESSION OF AN EXCHANGE TRADED DERIVATIVE PORTFOLIO - An illustrative computing device may include a processor and a non-transitory memory device for storing a data structure capable of being compressed, where the data structure includes a plurality of data elements and each of the plurality of data elements includes a date field and a quantity field. The computing device may process instructions to arrange the plurality of data elements in a consecutive series in date order based on a value stored in the date field of each data element, determine whether a gap appears in the consecutive series of data elements based on a value stored in the quantity field of each element, remove the determined gaps in each of the data elements, and repeat the determining and removing steps until a predetermined criterion has been reached. | 05-05-2022 |
20220138853 | System and Method for Dynamically Managing Message Flow - System and method for dynamically managing message flow. According to the example embodiments, an intermediary network device or a client device dynamically manages the flow of messages received from an electronic exchange by analyzing the client device's capabilities, such as CPU utilization. Based on a percentage of total CPU utilization, the level of throttling is dynamically adjusted, such that if the percentage of CPU utilization, or load, increases, then throttling is increased from a lower level to a higher level. Similarly, if the percentage of CPU utilization decreases significantly enough, then throttling is decreased to a lower level. | 05-05-2022 |
20220138859 | Method of Executing Orders Using an Electronic Forum - Method and systems for identifying gaps in an order associated with an electronic forum and executing events thereon. Order parameters are received from at least a first user and a second user from an electronic forum managed by an automated forum manager. The order parameters are compared with pre-determined order acceptance criteria from a third user having a pre-selected order value, to determine whether to authorize transactions. A deficiency amount from the order request information for the first and second users is identified, and the order is comprised at least partially of a gap-filling component authorized by the third user to resolve the identified deficiency amount. The forum manager determines whether to execute the first order and the second order, with a gap-filling component, and communicates to the first user and second user, through the electronic forum, the determination whether to authorize execution of the first and second order. | 05-05-2022 |