Method and system for managing distributed trading data
First Claim
1. A computer-implemented method of managing market information across a network of data providers, comprising the steps of:
- (a) electronically receiving first data including confidential trading interest information regarding market participants in a first system that protects said first data behind a firewall;
(b) electronically receiving second data including confidential trading interest information regarding market participants in a second system that protects said second data behind a firewall;
(c) electronically issuing an advertisement request message from said first system to said second system, said advertisement request message comprising display attributes of said confidential trading interest information from said first system;
(d) electronically prompting said second system via the advertisement request message to send a coordination request message to a Coordination Hub, said coordination request message comprising information deduced from said confidential trading interest information regarding market participants in said first and second systems;
(e) electronically prompting based on the coordination request message said Coordination Hub to issue permissions to advertise the display attributes of the confidential trading interest information from said first system to said second system; and
(f) electronically prompting said second system to display said display attributes of the confidential trading interest information from said first system based on the permissions to advertise.
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Accused Products
Abstract
In a preferred embodiment, the invention comprises a computer-implemented system and method of managing market information across a network of data providers, comprising the steps of: (a) electronically receiving first data including confidential information regarding market participants in a first system that protects said first data behind a firewall; (b) electronically receiving second data including confidential information regarding market participants in a second system that protects said second data behind a firewall; (c) electronically receiving an order and targeting parameters from a first market participant; (d) electronically issuing an advertisement request message to said first system and said second system, said advertisement message comprising display attributes of said order and comprising said targeting parameters; (e) electronically prompting said first system and said second system via the advertisement request message to each send a coordination request message to a Coordination Hub, said coordination request message comprising information deduced from said confidential information regarding market participants in said first and second systems, wherein the selection of the information that is sent to the Coordination Hub is based at least in part on said first market participant'"'"'s targeting parameters; (f) electronically prompting based on the coordination request message said Coordination Hub to issue permissions to advertise the order to selected market participants, wherein market participants are selected based, at least in part, on said received information regarding market participants; and (g) electronically prompting based on the permission to advertise the order said first system and said second system to route information about said order from first participant to said selected market participants.
202 Citations
121 Claims
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1. A computer-implemented method of managing market information across a network of data providers, comprising the steps of:
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(a) electronically receiving first data including confidential trading interest information regarding market participants in a first system that protects said first data behind a firewall; (b) electronically receiving second data including confidential trading interest information regarding market participants in a second system that protects said second data behind a firewall; (c) electronically issuing an advertisement request message from said first system to said second system, said advertisement request message comprising display attributes of said confidential trading interest information from said first system; (d) electronically prompting said second system via the advertisement request message to send a coordination request message to a Coordination Hub, said coordination request message comprising information deduced from said confidential trading interest information regarding market participants in said first and second systems; (e) electronically prompting based on the coordination request message said Coordination Hub to issue permissions to advertise the display attributes of the confidential trading interest information from said first system to said second system; and (f) electronically prompting said second system to display said display attributes of the confidential trading interest information from said first system based on the permissions to advertise. - View Dependent Claims (3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61)
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2. A computer system for managing market information across a network of data providers, comprising:
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(a) a first system for electronically receiving first data including confidential trading interest information regarding market participants, said first system protecting said first data behind a firewall; (b) a second system for electronically receiving second data including confidential trading interest information regarding market participants, said second system protecting said second data behind a firewall; said first system electronically issuing an advertisement request message to said second system, said advertisement request message comprising display attributes of said confidential trading interest information from said first system; and (c) a Coordination Hub, said second system being prompted via the advertisement request message to send a coordination request message to said Coordination Hub, said coordination request message comprising information deduced from said confidential trading interest information regarding market participants in said first and second systems; said Coordination Hub being electronically prompted based on the coordination request message to issue permissions to advertise the display attributes of the confidential trading interest information from said first system to said second system; and said second system being electronically prompted to display said display attributes of the confidential trading interest information from said first system based on the permissions to advertise. - View Dependent Claims (62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99, 100, 101, 102, 103, 104, 105, 106, 107, 108, 109, 110, 111, 112, 113, 114, 115, 116, 117, 118, 119, 120)
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121. An article of manufacture for managing market information across a network of data providers, the article of manufacture comprising:
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a computer-readable storage medium; and code on the computer-readable storage medium, the code, when executed on one or more computers, controlling the one or more computers for; (a) electronically receiving first data including confidential trading interest information regarding market participants in a first system that protects said first data behind a firewall; (b) electronically receiving second data including confidential trading interest information regarding market participants in a second system that protects said second data behind a firewall; (c) electronically issuing an advertisement request message from said first system to said second system, said advertisement request message comprising display attributes of said confidential trading interest information from said first system; (d) electronically prompting said second system via the advertisement request message to send a coordination request message to a Coordination Hub, said coordination request message comprising information deduced from said confidential trading interest information regarding market participants in said first and second systems; (e) electronically prompting based on the coordination request message said Coordination Hub to issue permissions to advertise the display attributes of the confidential trading interest information from said first system to said second system; and (f) electronically prompting said second system to display said display attributes of the confidential trading interest information from said first system based on the permissions to advertise.
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Specification