METHODS AND SYSTEMS FOR RETRIEVING DATA STORED IN A DATABASE
First Claim
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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 from the selling user computer a bid wanted for at least one bond lot comprising the selected bond, the bid wanted comprising at least one item of bond data 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 a list comprising the plurality of 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.
105 Citations
31 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 from the selling user computer a bid wanted for at least one bond lot comprising the selected bond, the bid wanted comprising at least one item of bond data 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 a list comprising the plurality of 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)
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16. 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 from the selling user computer a bid wanted for at least one bond lot comprising the selected bond, the bid wanted comprising at least one item of bond data system-incorporated into the bid wanted;
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 a list comprising the plurality of bids received from the plurality of bidding users. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30)
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31. 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 from the selling user computer a bid wanted for at least one bond lot comprising the selected bond, the bid wanted comprising a unique issue identifier system-incorporated into the bid wanted with the selling user selecting a bond from the list of bonds;
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;
transmitting to the selling user a list comprising the plurality of bids received from the plurality of bidding users;
receiving an acceptance of at least one of the bids; and
executing a trade of the at least one bond lot between the selling user and at least one of the plurality of bidding user that submitted the accepted at least one bids.
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Specification