公开(公告)号：US07685048B1

公开(公告)日：2010-03-23

申请号：US09584045

申请日：2000-05-30

Applicant: Andrew Hausman ,  Allyson Houchen ,  Karen D. Tannenbaum ,  Ray Sansone

Inventor： Andrew Hausman ,  Allyson Houchen ,  Karen D. Tannenbaum ,  Ray Sansone

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  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.

Abstract translation: 提出了在多方之间进行交易的交易系统和交易方法。 系统实现的功能如下：远期和/或区域的交易对手实现; 监视器上的用户可选择区域，用于再次执行刚刚执行的交易; 一个扫除交易功能，允许交易者在同一个前进顺序地进行一系列订单; 一种传播交易功能，允许交易者直接交易主要和次要腿/链接上相应订单的出价和报价之间的差异; 提供用于加入订单的功能，其中交易者可以添加具有相同术语（例如，价格和数量）的感知的市场最佳出价或报价的新的出价或报价; 并使一方能够在不同的价格下在相同的期限内为同一个转发者提供多个出价和优惠。

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：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。