Automated financial instrument exchange apparatus and systems
First Claim
Patent Images
1. A method, comprising:
- determining deal information associated with a bond exchange, the deal information including information associated with a plurality of eligible issues and at least one new issue;
determining target information associated with at least one of the issues;
receiving offer information from a plurality of remote client devices via a communication network; and
automatically calculating a bond exchange allocation based on the deal information, the target information, and the offer information.
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Abstract
According to one embodiment, deal information associated with a bond exchange is determined, the deal information including information associated with a plurality of eligible financial instruments and at least one new financial instrument. In addition, offer information is received from a plurality of remote client devices via a communication network. An exchange allocation is then automatically calculated based on the deal information and the offer information. Moreover, target information associated with at least one financial instrument may be determined and used to calculate the exchange allocation.
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Citations
33 Claims
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1. A method, comprising:
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determining deal information associated with a bond exchange, the deal information including information associated with a plurality of eligible issues and at least one new issue;
determining target information associated with at least one of the issues;
receiving offer information from a plurality of remote client devices via a communication network; and
automatically calculating a bond exchange allocation based on the deal information, the target information, and the offer information. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26)
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27. An apparatus, comprising:
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a processor;
a communication device coupled to said processor and adapted to communicate via a communication network; and
a storage device in communication with said processor and storing instructions adapted to be executed by said processor to;
determine deal information associated with a bond exchange, the deal information including information associated with a plurality of eligible issues and at least one new issue;
determine target information associated with at least one of the issues;
receive offer information from a plurality of remote client devices via a communication network; and
automatically calculate a bond exchange allocation based on the deal information, the target information, and the offer information. - View Dependent Claims (28, 29)
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30. A medium storing instructions adapted to be executed by a processor to perform a method, said method comprising:
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determining deal information associated with a bond exchange, the deal information including information associated with a plurality of eligible issues and at least one new issue;
determining target information associated with at least one of the issues;
receiving offer information from a plurality of remote client devices via a communication network; and
automatically calculating a bond exchange allocation based on the deal information, the target information, and the offer information.
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31. A method, comprising:
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transmitting to a remote bond exchange controller deal information associated with a bond exchange, the deal information including information associated with at least one eligible issue and at least one new issue;
transmitting to the remote bond exchange controller target information associated with at least one of the issues; and
receiving bond exchange allocation information from the bond exchange controller, the bond exchange allocation information being automatically calculated based on the deal information, the target information, and offer information provided from a client device.
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32. A method, comprising:
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transmitting offer information to a remote bond exchange controller via a communication network; and
receiving bond exchange allocation information from the bond exchange controller, the bond exchange allocation information being automatically calculated based on;
(i) the offer information, (ii) deal information associated with a bond exchange, the deal information including information associated with a plurality of eligible issues and at least one new issue, and (iii) target information associated with at least one of the issues.
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33. A method, comprising:
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determining deal information associated with a financial instrument exchange, the deal information including information associated with a plurality of eligible financial instruments and at least one new financial instrument;
determining target information associated with at least one of the financial instruments;
receiving offer information from a plurality of remote client devices via a communication network; and
automatically calculating an exchange allocation based on the deal information, the target information, and the offer information.
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Specification