METHODS AND SYSTEMS FOR MANAGING AND TRADING USING A SHARED ORDER BOOK AS INTERNAL EXCHANGE

• US 20080177645A1
• Filed: 12/31/2007
• Published: 07/24/2008
• Est. Priority Date: 12/30/2006
• Status: Abandoned Application

• Current Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Original Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Inventors: WEISS, DAVID
• Application Number:
  US11/967,728
• Publication Number:
  US 20080177645A1
• Time in Patent Office: Days
• US Class Current: 705/30
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

Methods and corresponding system are herewith provided that, in certain embodiments, include the steps or steps of receiving a plurality of orders for an item from computing devices associated with a plurality of internal users; receiving a plurality of orders for the item from computing devices associated with a plurality of external users; determining a best bid and a best offer from the plurality of the orders from the plurality of internal users and the plurality of the external orders; and causing an interface screen to be displayed at a user computing device, the interface screen comprising a shared order book for the item that comprises a listing of the orders from the plurality of internal users and the plurality of external users sorted based at least by price, the shared order book arranged in a set of bid side columns and a set of ask side columns, each of the set of columns comprising at least one price column and at least one size column, and at least one column indicating a source of at least one of each of an order from an internal user and an order for an external user.

Claims

1. A computer implemented method comprising:

generating in an accounting system an invoice for an executed trade;

marking in the accounting system a trade record associated with the executed trade with an indication that the executed trade is being disputed; and

feeding to a trade system the indication that the trade is being disputed.

2. The method of claim 1, comprising displaying the indication on a trading system interface screen.

3. The method of claim 1, wherein the invoice is for a trade commission associated with the executed trade.

4. The method of claim 1, comprising feeding to the trade system an indication that at least one other trade has been paid.

5. The method of claim 1, comprising feeding to the trade system information regarding why the trade is being disputed.

6. The method of claim 1, comprising creating a flag for a user of the trading system to facilitate with collection of the invoice.

7. The method of claim 1, comprising feeding information and flagging therewith at least one trade record in the trading system with an invoice ID and a date as trades are invoiced in the accounting system.

8. The method of claim 1, comprising feeding information and flagging therewith at least one trade record in the trading system with a payment ID and date as trades are marked paid in the accounting system.

9. The method of claim 1, comprising feeding information and flagging therewith at least one trade record in the trading system with a dispute ID and date as trades are marked disputed in the accounting system.

10. The method of claim 1, comprising feeding information and flagging therewith a customer payment status and rating in a Customer Master database of the trading system as the rating is calculated in the accounting system.