Automated price improvement protocol processor
First Claim
1. A computer system for electronic order entry of items via electronic communication, said system comprising:
- an input device to enter order information and commands, said input device comprising a plurality of input keys or a plurality of input regions having indicia, a first subset of said keys or regions having indicia that change dynamically in response to trading conditions.
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Accused Products
Abstract
Data processing systems and methods for managing transactions in auction-based trading of specialized items such as fixed income instruments are presented. The data processing system provides a highly structured trading protocol implemented through a sequence of trading paradigms. The system employs a distributed computer processing network linking together a plurality of commonly configured program-controlled workstations. The protocol and its program-controlling logic improves trading efficiency, rewards market Makers, and fairly distributes market opportunity to system users.
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Citations
55 Claims
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1. A computer system for electronic order entry of items via electronic communication, said system comprising:
an input device to enter order information and commands, said input device comprising a plurality of input keys or a plurality of input regions having indicia, a first subset of said keys or regions having indicia that change dynamically in response to trading conditions. - 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, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49)
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50. A method of trading items in an electronic interactive trading system, said method comprising:
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receiving bids, offers, and volume information entered via an input device having a plurality of keys or regions, said keys or regions having indicia indicating prices and volume;
dynamically updating said indicia in response to trading conditions; and
receiving buy and sell orders entered via said input device having a subset of said keys or regions dedicated to single keystroke entry of said buy and sell orders. - View Dependent Claims (51, 52, 53, 54, 55)
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Specification