Invention Grant
- Patent Title: Electronic trading system for forwards spread trades
- Patent Title (中): 远期流通交易的电子交易系统
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Application No.: US09584045Application Date: 2000-05-30
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Publication No.: US07685048B1Publication Date: 2010-03-23
- Inventor: Andrew Hausman , Allyson Houchen , Karen D. Tannenbaum , Ray Sansone
- Applicant: Andrew Hausman , Allyson Houchen , Karen D. Tannenbaum , Ray Sansone
- Applicant Address: US NY New York
- Assignee: Bloomberg L.P.
- Current Assignee: Bloomberg L.P.
- Current Assignee Address: US NY New York
- Agency: Frommer Lawrence & Haug
- Agent Frank J. DeRosa
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A trading system and method for trading forwards among a plurality of parties is presented. Among the features that the system implements are the following: counterparty enablement by forward term and/or region; a user selectable area on the monitor for executing again a trade that was just executed; a sweep trading feature for permitting a trader to sequentially aggress on a series of orders in the same forward; a spread-trading feature for allowing traders to directly trade on the difference between bid prices and offer prices for corresponding orders on a primary and secondary leg/link; providing a feature for joining orders wherein a trader may add a new bid or offer that has the same terms (e.g., price and quantity) of a perceived market best bid or offer; and enabling a party to make multiple bids and offers for the same forward within the same term at varying pricing.
Information query