Electronic trading system including an auto-arbitrage feature or name switching feature
First Claim
1. An electronic trading system comprising:
- a plurality of trader terminals for receiving credit parameter data, arbitrage parameter data, and trading data from a trading entity and displaying trade information to the trading entity, said trading data including bid and/or offer information input by the trading entity;
a computer connected to said plurality of trader terminals via a communications network, said computer receiving and storing said credit parameter data and said trading data from said plurality of trader terminals;
detecting means for automatically detecting an available arbitrage transaction including a plurality of trades based on said credit parameter data, said arbitrage parameter data, and said trading data; and
executing means for automatically executing said available arbitrage transaction by executing all of said plurality of trades.
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Abstract
An electronic trading system includes a plurality of trader terminals for receiving credit parameter data, arbitrage parameter data, and trading data from a trading entity and displaying trade information to the trading entity. The trading data includes bid and/or offer information input by the trading entity. The system further includes a computer connected to the plurality of trader terminals via a communications network which receives and stores the credit parameter data and the trading data from the plurality of trader terminals. The system also includes a detector circuit or program for automatically detecting an available arbitrage opportunity including a plurality of trades based on the credit parameter data, the arbitrage parameter data, and the trading data; and a circuit or program for automatically executing the available arbitrage opportunity by executing all of the plurality of trades.
A similar electronic trading system includes an automatic name switch feature wherein the plurality of trader terminals receive name switch parameter data, credit parameter data, and trading data from the trading entity. A circuit or program automatically detects and executes available name switch transactions based on the credit parameter data, the name switch parameter data, and the trading data.
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Citations
27 Claims
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1. An electronic trading system comprising:
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a plurality of trader terminals for receiving credit parameter data, arbitrage parameter data, and trading data from a trading entity and displaying trade information to the trading entity, said trading data including bid and/or offer information input by the trading entity;
a computer connected to said plurality of trader terminals via a communications network, said computer receiving and storing said credit parameter data and said trading data from said plurality of trader terminals;
detecting means for automatically detecting an available arbitrage transaction including a plurality of trades based on said credit parameter data, said arbitrage parameter data, and said trading data; and
executing means for automatically executing said available arbitrage transaction by executing all of said plurality of trades. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. An electronic trading system, comprising:
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a plurality of trader terminals for receiving credit parameter data, name switch parameter data, and trading data from a trading entity and displaying trade information to the trading entity, said trading data including bid and/or offer information input by the trading entity;
a computer connected to said plurality of trader terminals via a communications network, said computer receiving and storing said credit parameter data, said name switch parameter data, and said trading data from said plurality of trader terminals;
detecting means for automatically detecting an available name switch transaction based on said credit parameter data, said name switch parameter data, and said trading data; and
executing means for automatically executing said available name switch transaction. - View Dependent Claims (10, 11, 12, 13, 14)
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15. An electronic trading system comprising:
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a plurality of trader terminals for receiving credit parameter data, arbitrage parameter data, and trading data from a trading entity and displaying trade information to the trading entity, said trading data including bid and/or offer information input by the trading entity;
a computer connected to said plurality of trader terminals via a communications network, said computer receiving and storing said credit parameter data and said trading data from said plurality of trader terminals;
a detector for automatically detecting an available arbitrage transaction including a plurality of trades based on said credit parameter data, said arbitrage parameter data, and said trading data; and
an executing circuit for automatically executing said available arbitrage transaction by executing all of said plurality of trades. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22)
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23. An electronic trading system, comprising:
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a plurality of trader terminals for receiving credit parameter data, name switch parameter data, and trading data from a trading entity and displaying trade information to the trading entity, said trading data including bid and/or offer information input by the trading entity;
a computer connected to said plurality of trader terminals via a communications network, said computer receiving and storing said credit parameter data, said name switch parameter data, and said trading data from said plurality of trader terminals;
a detector for automatically detecting an available name switch transaction based on said credit parameter data, said name switch parameter data, and said trading data; and
an executing circuit for automatically executing said available name switch transaction. - View Dependent Claims (24, 25, 26, 27)
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Specification