System for trading commodities and the like

• US 10,402,905 B2
• Filed: 10/03/2018
• Issued: 09/03/2019
• Est. Priority Date: 01/21/2000
• Status: Expired due to Fees

• 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:
  US16/150,562
• Publication Number:
  US 20190043129A1
• Time in Patent Office: 335 Days
• Field of Search: 705 35, 705 37
• 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 for transacting in commodities and the like, comprising:

a computer;

at least two computerized exchanges in communication with the computer, each of said exchanges executing software for transacting specified commodities executed via the computer;

a database, accessible by the computer, containing a plurality of indications involving commodities associated with said at least two exchanges; and

software executing on said computer, thereby causing said computer to;

pool said plurality of indications from said at least two exchanges, and

generate an aggregated presentation of said pooled indications, said aggregated presentation simultaneously displaying at least one indication from each of said at least two exchanges, wherein receiving input responsive to the aggregated presentation triggers a transaction across at least one of said at least two exchanges.

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

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

transmit the aggregated presentation to one or more users via the communications link; and

display the aggregated presentation to said one or more users.

4. A method for transacting in commodities and the like, comprising:

providing a computer, said computer in communication with at least two computerized exchanges, each of said exchanges executing software for transacting specified commodities executed via the computer;

providing a database that is accessible by the computer, said database containing a plurality of indications involving commodities associated with said at least two exchanges;

said computer pooling said plurality of indications from said at least two exchanges; and

generating, by said computer, an aggregated presentation of said pooled indications, said aggregated presentation simultaneously displaying at least one indication from each of said at least two exchanges, wherein receiving input responsive to the aggregated presentation triggers a transaction across at least one of said at least two exchanges.

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

6. The method of claim 4, further comprising:

transmitting the aggregated presentation to one or more users; and

displaying the aggregated presentation to said one or more users.

7. A system for transacting in commodities and the like, comprising:

a computer;

at least two computerized exchanges in communication with the computer, each of said exchanges executing software for transacting specified commodities executed via the computer; and

receive a plurality of indications involving commodities associated with said at least two exchanges;

a database, accessible by the computer, configured for storing said plurality of indications involving commodities associated with said at least two exchanges; and

software executing on said computer, thereby causing the computer to;

pool said plurality of indications; and

generate an aggregated presentation of said pooled indications, said aggregated presentation simultaneously displaying at least one indication from each of said at least two exchanges, wherein receiving input responsive to the aggregated presentation triggers a transaction across at least one of said at least two exchanges.

8. The system of claim 7, wherein indications involving commodities that are common to said at least two exchanges are grouped together, by commodity, thereby displaying a market depth across multiple exchanges.

9. The system of claim 7, further comprising a communications link between the computer and the Internet, said computer executing software that further causes said computer to transmit and display the aggregated presentation of pooled indications to one or more users.

10. The system of claim 7, wherein said aggregated presentation comprises at least one of a list, a table, and a graphical representation of said pooled indications.

11. The system of claim 7, wherein said aggregated presentation is an interactive presentation that enables users to provide said input into said aggregated presentation.

12. The system of claim 11, wherein software executing on said computer further causes the computer to transmit at least one of a formatting option, a content option, and a sorting option to the one or more users, said options enabling said users to provide said input into the aggregated presentation.

13. The system of claim 7, wherein said input comprises a user command and wherein the computer is configured to initiate, in response to the user command, at least one trading transaction involving at least one of the plurality of indications displayed in the aggregated presentation.

14. The system of claim 13, wherein at least one of the plurality of indications used to initiate the at least one trading transaction comprises a best bid or a best offer.

15. A method for transacting in commodities and the like, comprising:

providing a computer, said computer in communication with at least two computerized exchanges, each of said exchanges executing software for transacting specified commodities executed via the computer;

receiving, by the computer, a plurality of indications involving commodities associated with said at least two exchanges;

providing a database that is accessible by the computer, said database containing a storing at least a portion of the plurality of indications involving commodities associated with said at least two exchanges;

pooling, by said computer, said plurality of indications; and

generating, by said computer, an aggregated presentation of said pooled indications, said aggregated presentation simultaneously displaying at least one indication from each of said at least two exchanges, wherein receiving input responsive to the aggregated presentation triggers a transaction across at least one of said at least two exchanges.

16. The method of claim 15, further comprising displaying a market depth across multiple exchanges by grouping indications involving commodities that are common to said at least two exchanges together.

17. The method of claim 15, further comprising transmitting and displaying the aggregated presentation of pooled indications to one or more users.

18. The method of claim 15, wherein said aggregated presentation comprises at least one of a list, a table, and a graphical representation of said pooled indications.

19. The method of claim 15, wherein said aggregated presentation comprises an interactive presentation that enables users to provide said input into said aggregated presentation.

20. The method of claim 19, further comprising:

transmitting at least one of a formatting option, a content option, and a sorting option to the one or more users; and

providing said input into said aggregated presentation according to response to said options.

21. The method of claim 15, further comprising initiating at least one trading transaction involving at least one of the plurality of indications displayed in the aggregated presentation.

22. The method of claim 21, wherein at least one of the plurality of indications used to initiate the at least one trading transaction comprises a best bid or a best offer.