Aggregated trading system
First Claim
1. A computer-based system for hosting a collection of independent electronic exchanges for use in electronic trading from remote client devices, the system comprising:
- means for hosting the collection of independent electronic exchanges, wherein each independent electronic exchange lists at least one tradeable object for trading among buyers and sellers;
means for receiving bids to purchase or offers to sell a tradeable object listed at a particular independent electronic exchange in the collection of independent electronic exchanges from a plurality of remote client devices in communication with the means for hosting; and
means for directing the bids and offers to the particular independent electronic exchange, wherein a matching engine for the particular independent electronic exchange receives the bids and offers and automatically matches the bids and offers.
4 Assignments
0 Petitions
Accused Products
Abstract
A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions.
44 Citations
12 Claims
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1. A computer-based system for hosting a collection of independent electronic exchanges for use in electronic trading from remote client devices, the system comprising:
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means for hosting the collection of independent electronic exchanges, wherein each independent electronic exchange lists at least one tradeable object for trading among buyers and sellers; means for receiving bids to purchase or offers to sell a tradeable object listed at a particular independent electronic exchange in the collection of independent electronic exchanges from a plurality of remote client devices in communication with the means for hosting; and means for directing the bids and offers to the particular independent electronic exchange, wherein a matching engine for the particular independent electronic exchange receives the bids and offers and automatically matches the bids and offers. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A computer-based method for hosting a collection of independent electronic exchanges for use in electronic trading from remote client devices, the method comprising:
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hosting the collection of independent electronic exchanges, wherein each independent electronic exchange lists at least one tradeable object for trading among buyers and sellers; receiving bids to purchase or offers to sell a tradeable object listed at a particular independent electronic exchange in the collection of independent electronic exchanges from a plurality of remote client devices in communication with the means for hosting; and directing the bids and offers to the particular independent electronic exchange, wherein a matching engine for the particular independent electronic exchange receives the bids and offers and automatically matches the bids and offers.
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Specification