Integrated trading and information system for collection and dissemination of valuation data
First Claim
1. A system for automated trading comprising:
- a processor coupled to a memory, the memory comprising computer-program instructions executable by the processor, the computer-program instructions, when executed by the processor, for performing operations of;
facilitating communications between one or more bidders and one or more offerors regarding one or more transactions for an asset,facilitating communications between the one or more bidders and the one or more offerors regarding one or more auction deals for the asset,price value indications for the asset, andproviding additional information regarding the asset through risk metrics and analytical tools, wherein the risk metrics and analytical tools accept input regarding a desired model and compute an output recommendation through one or more algorithms to assist in review of the asset.
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Abstract
Systems and methods are provided for a financial trading information processing and transmission system representing: (a) a financial business intelligence system (FBIS) which aggregates observable market inputs along with valuation algorithms or pricing models to generate synthetic or theoretical ‘fair values’ or prices (aka Level 2 prices as defined by the FAS 157, effective Nov. 15, 2007 or other measures of fair values); (b) a multilateral counterparty trade module, an auction module, a risk metric and analytical tool module, and optionally a derivative tracking module; or (c) a central data base of Level 2 or other desired price information used to provide bid and offer market intelligence at the point of trading or preparing to trade on any electronic system for specific assets or markets, which may not be actively yielding Level 2 or other desired price information or actual trades.
33 Citations
20 Claims
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1. A system for automated trading comprising:
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a processor coupled to a memory, the memory comprising computer-program instructions executable by the processor, the computer-program instructions, when executed by the processor, for performing operations of; facilitating communications between one or more bidders and one or more offerors regarding one or more transactions for an asset, facilitating communications between the one or more bidders and the one or more offerors regarding one or more auction deals for the asset, price value indications for the asset, and providing additional information regarding the asset through risk metrics and analytical tools, wherein the risk metrics and analytical tools accept input regarding a desired model and compute an output recommendation through one or more algorithms to assist in review of the asset. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A method for determining a synthetic fair value comprising:
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aggregating one or more inputs corresponding to an asset type from one or more external databases of financial information, processing the one or more inputs corresponding to the asset type with one or more synthetic fair value models, generating a synthetic fair value for the asset type from the one or more synthetic fair values, and storing the synthetic fair value in a central database for dissemination to a user desiring the synthetic value for the asset type. - View Dependent Claims (13, 14, 15, 16, 17, 18)
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19. A system for providing a synthetic fair value comprising:
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a central database comprising one or more synthetic fair values corresponding to one or more asset types, wherein the one or more synthetic fair values are used to provide bid and offer market intelligence in response to an inquiry during trading or prior to trading on an automated trading system for the one or more asset types, wherein the trading on the one or more asset types is not actively yielding actual trade information, and wherein the synthetic fair value enables asset price discovery at the time and date of the inquiry. - View Dependent Claims (20)
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Specification