METHODS AND SYSTEMS FOR RETRIEVING DATA STORED IN A DATABASE
First Claim
Patent Images
1. A method for trading bonds electronically, the method comprising:
- transmitting a list of bonds to a selling user computer;
receiving from the selling user a selection of a bond from the list of bonds to be included in a bid wanted;
receiving a bid wanted for at least one bond lot comprising the selected bond from the selling user computer;
transmitting the bid wanted to a plurality of bidding users;
receiving a plurality of bids responding to the bid wanted from the plurality of bidding users; and
transmitting to the selling user computer a list of the bids received from the plurality of bidding users.
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Abstract
A computer-implemented, transaction-making, municipal bond trading system having a capability to conduct a private electronic auction of bid wanteds between a central brokers'"'"' broker and multiple prospective remote bidders and to maintain a reference database of accurate individual bond lot descriptions and identifications, including CUSIP (trademark) numbers.
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Citations
41 Claims
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1. A method for trading bonds electronically, the method comprising:
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transmitting a list of bonds to a selling user computer;
receiving from the selling user a selection of a bond from the list of bonds to be included in a bid wanted;
receiving a bid wanted for at least one bond lot comprising the selected bond from the selling user computer;
transmitting the bid wanted to a plurality of bidding users;
receiving a plurality of bids responding to the bid wanted from the plurality of bidding users; and
transmitting to the selling user computer a list of the bids received from the plurality of bidding users. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A system for trading bonds electronically, the system comprising at least one computer connected over a computer network to at least one selling user computer and a plurality of bidding user computers, the at least one computer configured to:
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transmit a list of bonds to a selling user computer;
receive from the selling user a selection of a bond from the list of bonds to be included in a bid wanted;
receive a bid wanted for at least one bond lot comprising the selected bond from the selling user computer;
transmit the bid wanted to a plurality of bidding users;
receive a plurality of bids responding to the bid wanted from the plurality of bidding users; and
transmit to the selling user computer a list of the bids received from the plurality of bidding users. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40)
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41. A method for trading bonds electronically, the method comprising:
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transmitting a list of bonds to a selling user computer;
transmitting to the selling user at least one item of bond data for each of the plurality of bonds on the list, the at least one item of bond data comprising at least one of coupon data, maturity data, yield data, and issuer data;
receiving from the selling user a selection of a bond from the list of bonds to be included in a bid wanted;
receiving a bid wanted for at least one bond lot comprising the selected bond from the selling user computer, the bid wanted comprising a unique issue identifier system incorporated into the bid wanted;
transmitting the bid wanted to a plurality of bidding users;
receiving a plurality of bids responding to the bid wanted from the plurality of bidding users; and
transmitting to the selling user computer a list of the bids received from the plurality of bidding users.
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Specification