Complementary trading of interests

• US 20040193530A1
• Filed: 08/19/2003
• Published: 09/30/2004
• Est. Priority Date: 08/19/2002
• Status: Abandoned Application

• Current Assignee: Bloomberg LP
• Original Assignee: Bloomberg LP
• Inventors: Hausman, Andrew
• Application Number:
  US10/643,663
• Publication Number:
  US 20040193530A1
• 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

Methods, systems, and computer program products for automatically proposing currency exchange, hedging, and other trades in financial interests. A trader proposing or accepting a trade in a financial interest is presented with terms of or a prompt regarding a proposed complementary trade in a related interest.

Claims

1. A method of providing to users of an electronic trading system opportunities for currency exchange related to transactions in other financial interests, the method comprising presenting, at a user station of the electronic trading system associated with an order for a trade in a non-currency financial interest comprising a price term expressed in a first currency, terms for a proposed transaction in at least two currencies, the at least two currencies comprising the first currency and the proposed transaction executable by entry of one or more commands at the user station.

2. The method of claim 1, wherein the at least two currencies include at least one currency associated as a default with the user station as a preferred currency.

3. The method of claim 1, wherein the terms for the proposed transaction include a quantity related to the price term expressed in the first currency.

4. The method of claim 1, wherein at least one of the terms for the proposed transaction is firm.

5. The method of claim 1, wherein the presenting of terms for a proposed transaction in at least two currencies is automatic.

12. The method of claim 1, wherein the presenting of terms for a proposed transaction in at least two currencies is automatic.

6. A method of providing to users of an electronic trading system opportunities for hedging transactions in financial interests, the method comprising presenting, at a user station of the electronic trading system associated with an order for a trade in a first financial interest, terms for a proposed transaction in a second financial interest, the proposed transaction executable by entry of one or more commands at the user station.

7. The method of claim 6, wherein the terms for the proposed transaction include by default at least one of an identification of the second financial interest, a quantity term, and a price term.

8. The method of claim 7, wherein at least one of the default terms is negotiable prior to entry of an execution command at the user station.

9. The method of claim 7, wherein at least one of the terms of the proposed transaction is not negotiable.

10. The method of claim 6, wherein the first and second financial interests comprise at least one of present, future, and contingent interests in stocks, bonds, commercial paper, negotiable interests, debt instruments, commodities, and energy interests.

11. The method of claim 6, comprising conditioning the presenting to the user an option to engage in a trade in a second financial interest upon a relationship between the first and second financial interests.

13. A system for electronic trading of financial interests over a computer network, the system comprising at least one computer for processing data related to trading of financial interests over the computer network, a plurality of user stations for entry of orders for trades in financial interests, and programming stored on a computer readable medium or media that causes the at least one computer to present, at a user station associated with an order for a trade in a non-currency financial interest comprising a price term expressed in a first currency, terms for a proposed transaction in at least two currencies, the at least two currencies comprising the first currency and the proposed transaction executable by entry of one or more commands at the user station.

14. Computer program product stored on a computer readable medium or media and useable for causing a computer system to present, at a user station associated with an order for a trade in a non-currency financial interest comprising a price term expressed in a first currency, terms for a proposed transaction in at least two currencies, the at least two currencies comprising the first currency and the proposed transaction executable by entry of one or more commands at the user station.

15. A system for electronic trading of financial interests over a computer network, the system comprising at least one computer for processing data related to trading of financial interests over the computer network, a plurality of user stations for entry of orders for trades in financial interests, and programming stored on a computer readable medium or media that causes the at least one computer to present, at a user station associated with an order for a trade in a first financial interest, terms for a proposed transaction in a second financial interest, the proposed transaction executable by entry of one or more commands at the user station.

16. Computer program product stored on a computer readable medium or media and useable for causing a computer system to present, at a user station associated with an order for a trade in a first financial interest, terms for a proposed transaction in a second financial interest, the proposed transaction executable by entry of one or more commands at the user station.