Systems, methods, and media for trading securities
First Claim
Patent Images
1. A method for trading securities comprising:
- accessing at least one record of an order in a trading blotter, the order having a security and side;
sending a notification message indicating the security and side for the order;
searching for a match for the notification message;
if a match is found, obtaining a quantity associated with the order; and
determining whether the quantity is adequate for executing a trade.
6 Assignments
0 Petitions
Accused Products
Abstract
Systems, methods, and media for trading securities are provided. In some embodiments, methods for trading securities are provided, the methods comprising: accessing at least one record of an order in a trading blotter, the order having a security and side; sending a notification message indicating the security and side for the order; searching for a match for the notification message; if a match is found, obtaining a quantity associated with the order; and determining whether the quantity is adequate for executing a trade.
-
Citations
28 Claims
-
1. A method for trading securities comprising:
-
accessing at least one record of an order in a trading blotter, the order having a security and side; sending a notification message indicating the security and side for the order; searching for a match for the notification message; if a match is found, obtaining a quantity associated with the order; and determining whether the quantity is adequate for executing a trade. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
-
-
12. A method for performing a negotiated trade in a security comprising:
-
checking for unusual activity in the security; waiting a random or semi-random period of time; causing a trader to receive an indication that a negotiated trade has been initiated; determining if a trade offer from the trader is at or better than the mid-point price in the security for a contra party to the trader; if the trade is at or better than the mid-point price, accepting the trade offer; and executing the trade. - View Dependent Claims (13)
-
-
14. A system for trading securities comprising:
one or more processors that; access at least one record of an order in a trading blotter, the order having a security and side; send a notification message indicating the security and side for the order; search for a match for the notification message; if a match is found, obtain a quantity associated with the order; and determine whether the quantity is adequate for executing a trade. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
-
25. A system for performing a negotiated trade in a security comprising:
one or more processors that; check for unusual activity in the security; wait a random or semi-random period of time; cause a trader to receive an indication that a negotiated trade has been initiated; determine if a trade offer from the trader is at or better than the mid-point price in the security for a contra party to the trader; if the trade is at or better than the mid-point price, accept the trade offer; and execute the trade. - View Dependent Claims (26)
-
27. A computer-readable medium containing computer-executable instructions that, when executed by a processor, cause the processor to perform a method for trading securities, the method comprising:
-
accessing at least one record of an order in a trading blotter, the order having a security and side; sending a notification message indicating the security and side for the order; searching for a match for the notification message; if a match is found, obtaining a quantity associated with the order; and determining whether the quantity is adequate for executing a trade.
-
-
28. A computer-readable medium containing computer-executable instructions that, when executed by a processor, cause the processor to perform a method for performing a negotiated trade in a security, the method comprising:
-
checking for unusual activity in the security; waiting a random or semi-random period of time; causing a trader to receive an indication that a negotiated trade has been initiated; determining if a trade offer from the trader is at or better than the mid-point price in the security for a contra party to the trader; if the trade is at or better than the mid-point price, accepting the trade offer; and executing the trade.
-
Specification