System for trading commodities and the like

• US 10,192,267 B2
• Filed: 02/09/2011
• Issued: 01/29/2019
• Est. Priority Date: 01/21/2000
• Status: Active Grant

• Current Assignee: TradeCapture OTC Corp. (Intercontinental Exchange, Inc.)
• Original Assignee: TradeCapture OTC Corp. (Intercontinental Exchange, Inc.)
• Inventors: Annunziata, Vincent P.
• Primary Examiner(s): Rankins, William E
• Application Number:
  US13/023,860
• Publication Number:
  US 20110173114A1
• Time in Patent Office: 2,911 Days
• Field of Search: 705 35- 45
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

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.

Claims

1. A system comprising:

at least one client device;

at least two independent computerized exchanges, each of said computerized exchanges configured to execute electronic transactions involving a group of commodities; and

a computer server positioned between, and in communication with, the at least one client device and the at least two computerized exchanges, the computer server executing programming instructions that cause the computer server to;

receive a plurality of indications from the at least two computerized exchanges;

pool said received plurality of indications by combining all of the received plurality of indications;

group the combined plurality of indications according to commodity type;

store the grouped plurality of indications in a database that is communicatively coupled to the computer server;

receive, from the at least one client device, a request for indications relating to a specific commodity among the commodity types stored in the database;

search, within the database, only the grouped commodity types to which the requested indications pertain;

retrieve, from the database, only those of the requested indications that comply with a predetermined privilege level; and

prompt the at least one client device to generate a single interactive display window that simultaneously displays an aggregate presentation of the retrieved indications, said retrieved indications comprising at least one indication from each of two or more of the at least two computerized exchanges,

said single interactive display window further configured to receive input and initiate a transaction across any of said at least two computerized exchanges.

2. The system of claim 1, wherein indications involving commodity types that are common to said at least two exchanges are grouped together, by commodity type, thereby providing a market depth across multiple exchanges.

3. The system of claim 1, further comprising a communications link between the computer server and the Internet, said computer server executing software that further causes said computer server to:

prompt the at least one client device to generate the single interactive display window via the communications link.

4. A computerized method comprising:

providing a computer server, said computer server positioned between, and in communication with at least one client device and at least two independent computerized exchanges, each of said computerized exchanges configured to execute electronic transactions involving a group of commodities;

receiving, by the computer server, a plurality of indications from the at least two computerized exchanges;

pooling, by the computer server, said received plurality of indications by combining all of the received plurality of indications;

grouping, by the computer server, the combined plurality of indications according to commodity type;

storing, by the computer server, the grouped plurality of indications in a database that is communicatively coupled to the computer server;

receiving, by the computer server, from the at least one client device, a request for indications relating to a specific commodity among the commodity types stored in the database;

searching, by the computer server, within the database, only the grouped commodity types to which the requested indications pertain;

retrieving, by the computer server, from the database, only those of the requested indications that comply with a predetermined privilege level; and

prompting, by the computer server, the at least one client device to generate a single interactive display window that simultaneously displays an aggregate presentation of the retrieved indications, said retrieved indications comprising at least one indication from each of two or more of the at least two computerized exchanges,

said single interactive display window further configured to receive input and initiate a transaction across any of said at least two computerized exchanges.

5. The method of claim 4, wherein said aggregated presentation is an interactive presentation that enables users to manipulate said aggregated presentation.

6. The method of claim 4, further comprising displaying a market depth across multiple exchanges by grouping indications involving commodity types that are common to said at least two exchanges together.

7. The method of claim 4, wherein the computer server is configured to initiate, in response to a user command, via the interactive display window, at least one transaction involving at least one of the retrieved indications displayed in the aggregated display.