Method for directing and executing certified trading interests
First Claim
1. A method of managing securities market information, comprising the steps of:
- (a) electronically receiving securities order- or trade-related data regarding a set of securities market participants;
(b) electronically storing said received order-related data regarding said set of securities market participants;
(c) electronically receiving securities order parameters from a first securities market participant;
(d) based on said securities order parameters received from said first securities market participant and on said securities order- or trade-related data regarding said 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 said dissemination list to an entity who has been granted a 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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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
7 Claims
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1. A method of managing securities market information, comprising the steps of:
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(a) electronically receiving securities order- or trade-related data regarding a set of securities market participants; (b) electronically storing said received order-related data regarding said set of securities market participants; (c) electronically receiving securities order parameters from a first securities market participant; (d) based on said securities order parameters received from said first securities market participant and on said securities order- or trade-related data regarding said 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 said dissemination list to an entity who has been granted a 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. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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Specification