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System and method for trading taxable and non-taxable securities

  • US 7,672,893 B1
  • Filed: 10/16/2000
  • Issued: 03/02/2010
  • Est. Priority Date: 10/16/2000
  • Status: Expired due to Fees
First Claim
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1. A computer-implemented system for trading taxable and non-taxable securities or financial instruments comprising:

  • a computer workstation that executes computer code stored on the computer workstation, the computer code comprisingan offering inventory code module for causing the workstation todisplay offerings of the taxable and non-taxable securities or financial instruments and responses to requests for quotations (RFQs) on the workstation andupdate the offerings and the responses to RFQs displayed on the workstation; and

    a price discovery code module for enabling the workstation tosend RFQs to at least one predetermined dealer,receive at least one dealer response to the RFQs, andexecute a trade as an agent based on a best RFQ response or as a principal by improving the best RFQ response.

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