Method and system for administering a multi-interface system

• US 20020120547A1
• Filed: 12/18/2000
• Published: 08/29/2002
• Est. Priority Date: 12/18/2000
• Status: Abandoned Application

• Current Assignee: Onebond Com LLC
• Original Assignee: Onebond Com LLC
• Inventors: Zajac, Paul
• Application Number:
  US09/737,805
• Publication Number:
  US 20020120547A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A system, and its components and processes, receive, manage and output data received from at least two IDBs and at least one financial instrument dealer. In accordance with the exemplary embodiments of the invention, a platform provides the user with a single user interface for viewing and executing trades on multiple Inter-dealer broker electronic trading systems.

Claims

1. A system for administering a multi-interface system providing financial instrument market data supplied by at least two IDBs, the system comprising:

a client application that is configured to be deployed to a user'"'"'s work station;

a system engine configured to receive information from the client application and including or supporting a graphical user interface configured to display financial instrument market data to the user, the system engine being configured to receive order data from the user to perform transactions with at least one of the two IDBs using the graphical user interface and configured to receive financial instrument market data contained in at least two data feeds provided by at least two IDBs, to enable consolidation of financial instrument market data that is specific to at least one financial instrument based on the data received from the at least two IDBs and to transmit order data from the user to at least one of the two IDBs,

wherein the operation of the system engine and instructions for operation in connection with a particular user are based on a user service profile associated with the user.

2. The system of claim 1, wherein the system engine'"'"'s operation is configured to be alterable to accommodate for a user'"'"'s subscription to or cancellation of a subscription to financial instrument market data for a particular financial instrument.

3. The system of claim 1, wherein the system engine'"'"'s operation is configured to be alterable to accommodate for a user'"'"'s access or lack of access to financial instrument market data from a particular IDB.

4. The system of claim 1, further comprising a persistence storage device coupled to the system engine and including a record of all orders, trades and the user service profile.

5. The system of claim 4, wherein the user service profile includes a user'"'"'s preferences regarding services provided by the multi-IDB interface system.

6. The system of claim 1, wherein the user service profile is configured to include the user'"'"'s selection of priority of execution on hits or lifts.

7. The system of claim 1, wherein the user service profile is configured to include the user'"'"'s selection of preference for order routing between the at least two IDBs.

8. The system of claim 1, wherein the user service profile is populated with the user'"'"'s preferences using at least one user preference tab.

9. The system of claim 1, wherein the user service profile is configured such that the preferences contained therein may be overridden in real time by at the request of the user.

10. The system of claim 1, wherein the system engine is configured to provide a save option to the user to allow the user to save modifications to the user'"'"'s user service profile.

11. The system of claim 1, further comprising a FIX engine coupled to the system engine and configured to provide connectivity between the multi-IDB interface system and at least one of the user'"'"'s transaction administration or management systems or applications.

12. The system of claim 1, further comprising a persistence storage device coupled to the system engine and including a record of all orders, trades and at least one user service profile.

13. The system of claim 1, wherein information displayed to the user in the graphical user interface is determined by the user service profile.

14. The system of claim 13, wherein selection of data corresponding to particular financial instruments displayed to the user via the graphical user interface is determined by the user service profile.

15. The system of claim 1, wherein the user service profile is set up during an initial login of the user.

16. The system of claim 1, wherein the user service profile is set up by an administrator.

17. The system of claim 1, wherein the system allows access to the user to modify the user'"'"'s user service profile.

19. The method of claim 18, wherein the user'"'"'s preferences indicate financial instrument trading preferences.

20. The method of claim 18, wherein the at least one preferences screen includes at least one tabbed pane including preference fields for a specific service provided by the multi-interface system.

21. The method of claim 20, wherein the tabbed pane includes preference fields identifying which IDBs the user prefers to trade with.

22. The method of claim 20, wherein the tabbed pane include preference fields identifying what data is to be displayed in a price matrix included in the graphical user interface.

23. The method of claim 20, wherein the tabbed pane include preference fields identifying what data is to be displayed in a monitor included in the graphical user interface.

24. The method of claim 20, wherein the tabbed pane include preference fields identifying what data is to be displayed in a blotter included in the graphical user interface.

25. The method of claim 19, wherein the financial instrument trading preferences indicate relative IDB priorities.

26. The method of claim 19, wherein the financial instrument trading preferences indicate default bid and offer sizes.

27. The method of claim 19, wherein the financial instrument trading preferences indicate bid and offer routing information.

18. A method for administering a multi-interface system providing financial instrument market data supplied by at least two IDBs, the system including a system engine configured to receive information from a client application and including or supporting a graphical user interface configured to display financial instrument market data to a user, the system engine being configured to receive order data from the user to perform transactions with at least one of the two IDBs using the graphical user interface and configured to receive financial instrument market data contained in at least two data feeds provided by at least two IDBs, to enable consolidation of financial instrument market data that is specific to at least one financial instrument based on the data received from the at least two IDBs and to transmit order data from the user to at least one of the two IDBs, the method comprising:

initializing a user service profile for a particular user;

generating and at least one preferences screen including fields configured to receive data from the user regarding the user'"'"'s preferences for services provided by the multi-interface system.