Invention Grant
US07827093B1 Call for quote/price system and methods for use in a wholesale financial market
有权
征集批发金融市场的报价/价格体系和方法
- Patent Title: Call for quote/price system and methods for use in a wholesale financial market
- Patent Title (中): 征集批发金融市场的报价/价格体系和方法
-
Application No.: US11371704Application Date: 2006-03-08
-
Publication No.: US07827093B1Publication Date: 2010-11-02
- Inventor: Richard Raymond May
- Applicant: Richard Raymond May
- Applicant Address: US NJ Jersey City
- Assignee: ICAP Services North America LLC
- Current Assignee: ICAP Services North America LLC
- Current Assignee Address: US NJ Jersey City
- Agency: Dickstein Shapiro LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
An electronic trading system and associated methods that provide for anonymous pricing data while ensuring the integrity of the system by preventing it from being used for price discovery information only. Methods are included to police the dealers requesting price information and clear rules are implemented to reward the dealer offering the best price. Dealers request price information by submitting an open (not anonymous) request to a broker for a price on an amount of a security or financial instrument, referred to herein as a “Price-For-Call,” which results in an anonymous RFQ being sent to a group of other dealers. If more than one dealer in the group responds with a price, only the best price (bid or offer or both) is returned to the requesting dealer and only the dealer offering the best price is rewarded with knowledge of the price information by virtue of the fact that his price traded.
Information query