Method for directing and executing certified trading interests
First Claim
1. A method of managing market information, comprising the steps of:
- (a) electronically receiving data from a first market participant, said data comprising an order to buy or sell market securities, and further comprising conditions on similar orders on the contra side;
(b) electronically storing said data from said first market participant;
(c) electronically transmitting information to one or more entities, said information comprising said conditions;
(d) electronically receiving notification from one of said one or more entities, said notification comprising an indication that a second participant'"'"'s order matches said conditions,(e) electronically transmitting to said one of said one or more entities information including data related to said order received from said first market participant.
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Accused Products
Abstract
Preferred embodiments of the subject invention comprise: (a) electronically receiving securities order-related data regarding a set of securities market participants; (b) electronically storing the received order-related data regarding the set of securities market participants; (c) electronically receiving a securities order-related query (or order parameters) from a first securities market participant; (d) based on the order-related query (or order parameters) received from the first securities market participant and on the securities order-related data regarding the set of securities market participants, computing a dissemination list of securities market participants based on ranking likely contras by probability of execution; and (e) transmitting that dissemination list to an entity who has been granted the privilege of receiving such lists in exchange for being contractually bound to respect confidentiality of the dissemination list and to use the list only for the purpose of sending securities-related information to members of the list.
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Citations
5 Claims
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1. A method of managing market information, comprising the steps of:
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(a) electronically receiving data from a first market participant, said data comprising an order to buy or sell market securities, and further comprising conditions on similar orders on the contra side; (b) electronically storing said data from said first market participant; (c) electronically transmitting information to one or more entities, said information comprising said conditions; (d) electronically receiving notification from one of said one or more entities, said notification comprising an indication that a second participant'"'"'s order matches said conditions, (e) electronically transmitting to said one of said one or more entities information including data related to said order received from said first market participant. - View Dependent Claims (2, 3, 4, 5)
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Specification