SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT FOR PROVIDING AN EFFICIENT TRADING MARKET
First Claim
Patent Images
1. A method, comprising:
- receiving a request to execute a trade of a security from a user;
generating a derivative security having a price equal to a price of the security at a time the request was issued;
executing the requested trade using the derivative security instead of the security and without finding a counterparty for the trade of the security;
obtaining a market price of the security at the time of the request from a financial market quotes provider; and
adjusting an account of the user in accordance with the executed trade utilizing the captured information.
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Accused Products
Abstract
A system, method and computer program product for providing a trading exchange are disclosed. A request for conducting trade of a security is received from a user. The security associated with requested trade is evaluated to generate a derivative security. A trade is then executed for the user using the derivative security. Information relating to the executed trade is captured utilizing a network so that the captured information can be utilized to adjust an account of the user in accordance with the executed trade.
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Citations
19 Claims
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1. A method, comprising:
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receiving a request to execute a trade of a security from a user; generating a derivative security having a price equal to a price of the security at a time the request was issued; executing the requested trade using the derivative security instead of the security and without finding a counterparty for the trade of the security; obtaining a market price of the security at the time of the request from a financial market quotes provider; and adjusting an account of the user in accordance with the executed trade utilizing the captured information. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A system for providing a trading exchange, comprising:
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a capture component for receiving a request to execute a trade of a security from a user; a derivative component for generating a derivative security having a price equal to a price of the security at a time the request was issued; a transaction component for executing the requested trade using the derivative security instead of the security and without finding a counterparty for the trade of the security; the capture component obtaining a market price of the security at the time of the request from a financial market quotes provider; and a component for adjusting an account of the user in accordance with the executed trade utilizing the captured information. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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19. A computer-readable medium having computer-executable instructions for causing a computer to perform a method, the method comprising:
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receiving a request to execute a trade of a security from a user; generating a derivative security having a price equal to a price of the security at a time the request was issued; executing the requested trade using the derivative security instead of the security and without finding a counterparty for the trade of the security; obtaining a market price of the security at the time of the request from a financial market quotes provider; and adjusting an account of the user in accordance with the executed trade utilizing the captured information.
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Specification