公开(公告)号：US07774247B2

公开(公告)日：2010-08-10

申请号：US11087775

申请日：2005-03-23

Applicant: Andrew Hausman ,  Karen D. Tannenbaum ,  Paul Brian Beatty, Jr. ,  Lawrence C. Waldorf ,  Alan Dweck ,  Anish Malhotra ,  Guy Mock ,  Richard Anthony Lawson Braham

Inventor： Andrew Hausman ,  Karen D. Tannenbaum ,  Paul Brian Beatty, Jr. ,  Lawrence C. Waldorf ,  Alan Dweck ,  Anish Malhotra ,  Guy Mock ,  Richard Anthony Lawson Braham

IPC: G06Q40/00

CPC classification number: G06Q40/02 ,  G06Q40/00 ,  G06Q40/04

Abstract: The invention provides systems, methods, and programs for improved computer trading of financial and other interests, including improvements in the making, acceptance, and control of proposals for transactions in interests. Among improvements provided by the invention are the presentation of terms of proposed transactions to trading parties in terms selected or otherwise designated by the trading parties. For example, terms of proposed transactions may be displayed in present or future values, such as in straight or split amounts for forward swap agreements. Prices in currency exchanges may be expressed in terms of any of the involved currencies. Improvements further include improved means for changing terms of proposed transactions, and especially groups or sets of proposed transactions; restrictions on repeated acceptance of transaction proposals; trading by users on each other's behalf; and improved display of transaction information associated with fellow traders.

Abstract translation: 本发明提供用于改善财务和其他利益的计算机交易的系统，方法和程序，包括改进对利益交易的建议的制作，接受和控制。 本发明提供的改进之一是按交易方选定或以其他方式指定的方式向交易方提交拟议交易的条款。 例如，拟议交易的条款可能会以当前或将来的价值显示，例如直接或间接的用于远期互换协议的价值。 货币兑换价格可以用任何相关的货币来表示。 改进进一步包括改进拟议交易条款的改进手段，特别是拟议交易的集团或集合; 重复接受交易建议的限制; 代表用户交易; 并改善与同行交易者相关联的交易信息的显示。

公开(公告)号：US07533054B2

公开(公告)日：2009-05-12

申请号：US11048661

申请日：2005-01-31

Applicant: Andrew Hausman ,  Karen D. Tannenbaum ,  Paul Brian Beatty, Jr. ,  Lawrence C. Waldorf ,  Alan Dweck ,  Anish Malhotra ,  Guy Mock ,  Richard Anthony Lawson Braham

Inventor： Andrew Hausman ,  Karen D. Tannenbaum ,  Paul Brian Beatty, Jr. ,  Lawrence C. Waldorf ,  Alan Dweck ,  Anish Malhotra ,  Guy Mock ,  Richard Anthony Lawson Braham

IPC: G06Q40/00

CPC classification number: G06Q40/06 ,  G06Q40/00 ,  G06Q40/04

Abstract: Systems, methods, and computer program products for establishing and using credit limits between counterparties and for managing risk in the trading of financial interests. Credit filtered views of executable market information are provided to trading parties. By setting credit limits used to provide credit-filtered views, a trading party may control the amount of future financial exposure that the trading party will incur with any counterparty in one or more present-and/or future time periods in trades by the trading party during a trading session. The credit limit information may be used by a central computer to provide credit filtered market views to trading parties. During a trading session, the credit remaining of a set credit limit between the trading party and the respective counterparty is changed according to trades executed between the trading party and the counterparty.

Abstract translation: 系统，方法和计算机程序产品，用于建立和使用交易对手之间的信用限额和管理金融利益交易中的风险。 信用过滤的可执行市场信息视图提供给交易方。 通过设置用于提供信用过滤视图的信用额度，交易方可以控制交易方在一个或多个当前和/或未来时段内与任何交易对手交易的未来财务风险敞口的交易量 在交易期间。 信用限额信息可以由中央计算机使用，以向交易方提供信用过滤的市场观点。 交易期间，交易对方与交易对手之间存在一定信用额度的信用额，按照交易对手与交易对手之间的交易进行变更。

公开(公告)号：US20060080214A1

公开(公告)日：2006-04-13

申请号：US11087775

申请日：2005-03-23

Applicant: Andrew Hausman ,  Karen Tannenbaum ,  Paul Beatty ,  Lawrence Waldorf ,  Alan Dweck ,  Anish Malhotra ,  Guy Mock ,  Richard Braham

Inventor： Andrew Hausman ,  Karen Tannenbaum ,  Paul Beatty ,  Lawrence Waldorf ,  Alan Dweck ,  Anish Malhotra ,  Guy Mock ,  Richard Braham

IPC: G06Q40/00

CPC classification number: G06Q40/02 ,  G06Q40/00 ,  G06Q40/04

Abstract: The invention provides systems, methods, and programs for improved computer trading of financial and other interests, including improvements in the making, acceptance, and control of proposals for transactions in interests. Among improvements provided by the invention are the presentation of terms of proposed transactions to trading parties in terms selected or otherwise designated by the trading parties. For example, terms of proposed transactions may be displayed in present or future values, such as in straight or split amounts for forward swap agreements. Prices in currency exchanges may be expressed in terms of any of the involved currencies. Improvements further include improved means for changing terms of proposed transactions, and especially groups or sets of proposed transactions; restrictions on repeated acceptance of transaction proposals; trading by users on each other's behalf; and improved display of transaction information associated with fellow traders.

Abstract translation: 本发明提供了用于改善财务和其他利益的计算机交易的系统，方法和程序，包括改进对利益交易的建议的制作，接受和控制。 本发明提供的改进之一是按交易方选定或以其他方式指定的方式向交易方提交拟议交易的条款。 例如，拟议交易的条款可能会以当前或将来的价值显示，例如直接或间接的用于远期互换协议的价值。 货币兑换价格可以用任何相关的货币来表示。 改进进一步包括改进拟议交易条款的改进手段，特别是拟议交易的集团或集合; 重复接受交易建议的限制; 代表用户交易; 并改善与同行交易者相关联的交易信息的显示。

公开(公告)号：US08676679B2

公开(公告)日：2014-03-18

申请号：US11142908

申请日：2005-05-31

Applicant: Andrew Hausman ,  Karen D. Tannenbaum ,  Paul Brian Beatty, Jr. ,  Lawrence C. Waldorf ,  Alan Dweck ,  Anish Malhotra ,  Guy Mock ,  Richard Anthony Lawson Braham

Inventor： Andrew Hausman ,  Karen D. Tannenbaum ,  Paul Brian Beatty, Jr. ,  Lawrence C. Waldorf ,  Alan Dweck ,  Anish Malhotra ,  Guy Mock ,  Richard Anthony Lawson Braham

IPC: G06Q40/00

CPC classification number: G06Q40/04

Abstract: Systems, methods, and computer program products for establishing and using credit limits between counterparties and for managing risk in the trading of financial interests. A trading party may control the amount of future financial exposure that the trading party will incur with any counterparty in one or more future time periods in trades by the trading party during a trading session. Credit limits may be used to permit proposed trades to be completed or not depending upon available credit. Where there is insufficient credit, the trade may be blocked or otherwise prevented from progressing towards completion. If there is insufficient credit and if trading up to available credit is permitted, a partial trade for an amount up to the credit limit may be allowed. During a trading session, the credit remaining of a set credit limit between the trading party and the respective counterparty is changed according to trades executed between the trading party and the counterparty. After the end of the trading session, the remaining credit may be automatically reset to the set credit limit for each counterparty and future time period.

Abstract translation: 系统，方法和计算机程序产品，用于建立和使用交易对手之间的信用限额和管理金融利益交易中的风险。 交易方可以在交易期间控制交易对手在一个或多个未来时段内与交易对手交易的交易对手方的未来财务风险敞口。 信用额度可用于根据可用信用证准许建议交易完成。 如果信贷不足，可能会阻止或以其他方式阻止贸易进入完成。 如果信贷不足，如果允许交易到可用信用额度，则可以允许高达信用额度的部分交易。 交易期间，交易对方与交易对手之间存在一定信用额度的信用额，按照交易对手与交易对手之间的交易进行变更。 交易期结束后，剩余的信用额度可能会自动重置为每个交易对手和未来时间段的设定信用额度。

公开(公告)号：US20060080216A1

公开(公告)日：2006-04-13

申请号：US11142908

申请日：2005-05-31

Applicant: Andrew Hausman ,  Karen Tannenbaum ,  Paul Beatty ,  Lawrence Waldorf ,  Alan Dweck ,  Anish Malhotra ,  Guy Mock ,  Richard Lawson Braham

Inventor： Andrew Hausman ,  Karen Tannenbaum ,  Paul Beatty ,  Lawrence Waldorf ,  Alan Dweck ,  Anish Malhotra ,  Guy Mock ,  Richard Lawson Braham

IPC: G06Q40/00

CPC classification number: G06Q40/04

Abstract: Systems, methods, and computer program products are disclosed for establishing and using credit limits between counterparties and for managing risk in the trading of financial interests. The invention provides a trading party with the ability to control the amount of future financial exposure that the trading party will incur with any counterparty in one or more future time periods in trades by the trading party during a trading session. A trading party may establish and use credit limits with potential counterparties in the trading of financial interests having a future financial exposure such as foreign exchange (“FX”) forwards contracts, forwards contracts in commodities, e.g., precious metals, energy, etc., stock options, futures contracts, bonds, loan contracts, money market certificates, other fixed income securities, etc. Credit limits may be used to permit proposed trades to be completed or not depending upon available credit. Where there is insufficient credit, the trade may be blocked or otherwise prevented from progressing towards completion. For example, upon attempted acceptance of an unfiltered proposed trade, credit is checked for one or both parties. If there is sufficient credit, the trade is permitted to progress towards completion. If there is insufficient credit and if trading up to available credit is permitted, a partial trade for an amount up to the credit limit may be allowed. If a financial exposure associated with the proposed trade is greater than an available portion of a credit limit associated with the trading party, the potential counterparty, and a time period associated with the proposed trade, the proposed trade is not processed towards completion, or the price, size, or quantity of the proposed trade is capped. The future time periods (tenors for FX forwards contracts) may be selected by the trading parties, e.g., either or both a start date and an end date of such time periods may be selected. During a trading session, the credit remaining of a set credit limit between the trading party and the respective counterparty is changed according to trades executed between the trading party and the counterparty. After the end of the trading session, the remaining credit is automatically reset to the set credit limit for each counterparty and future time period.

公开(公告)号：US20060041498A1

公开(公告)日：2006-02-23

申请号：US11048661

申请日：2005-01-31

Applicant: Andrew Hausman ,  Karen Tannenbaum ,  Paul Beatty ,  Lawrence Waldorf ,  Alan Dweck ,  Anish Malhotra ,  Guy Mock ,  Richard Braham

Inventor： Andrew Hausman ,  Karen Tannenbaum ,  Paul Beatty ,  Lawrence Waldorf ,  Alan Dweck ,  Anish Malhotra ,  Guy Mock ,  Richard Braham

IPC: G06Q40/00

CPC classification number: G06Q40/06 ,  G06Q40/00 ,  G06Q40/04

Abstract: Systems, methods, and computer program products are disclosed for establishing and using credit limits between counterparties and for managing risk in the trading of financial interests. The invention provides credit filtered views of executable market information to trading parties. By setting credit limits used to provide credit-filtered views, the invention provides trading parties the ability to control the amount of future financial exposure that the trading party will incur with any counterparty in one or more present-and/or future time periods in trades by the trading party during a trading session. A trading party may establish and use credit limits with potential counterparties in the trading of financial interests having a current or future financial exposure such as foreign exchange (“FX”) forwards contracts, forwards contracts in commodities, e.g., precious metals, energy, etc., stock options, futures contracts, bonds, loan contracts, money market certificates, other fixed income securities, etc. The credit information is used by a central computer to provide credit filtered market views to trading parties. During a trading session, the credit remaining of a set credit limit between the trading party and the respective counterparty is changed according to trades executed between the trading party and the counterparty.

Abstract translation: 披露了系统，方法和计算机程序产品，用于建立和使用交易对手之间的信用限额和管理金融利益交易中的风险。 本发明向可交易方提供可执行市场信息的信用过滤视图。 通过设置用于提供信用过滤视图的信用额度，本发明使交易方能够控制交易方在一个或多个当前和/或未来期间交易中与任何交易对手发生的未来财务风险敞口的金额 由交易对手在交易时段。 交易方可以在具有当前或未来的财务风险的交易中与潜在交易对手建立和使用信用额度，如外汇（“外汇”）远期合约，远期合约等商品，如贵金属，能源等。 股票期权，期货合约，债券，贷款合同，货币市场证券，其他固定收益证券等。中央电脑使用信用信息为交易双方提供信用过滤的市场观点。 交易期间，交易对方与交易对手之间存在一定信用额度的信用额，按照交易对手与交易对手之间的交易进行变更。