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Global electronic trading system

  • US 7,895,118 B2
  • Filed: 02/26/2007
  • Issued: 02/22/2011
  • Est. Priority Date: 11/17/2000
  • Status: Expired due to Fees
First Claim
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1. A computer trading system, comprising:

  • one or more computer systems storing a set of information indicative of credit relationships between a plurality of trading entities, wherein the plurality of trading entities includes a first trading entity, a second trading entity and a third trading entity, each of which is different, wherein the set of information indicates that a first credit path exists between the first and second trading entities, wherein the first credit path includes the third trading entity;

    wherein the one or more computer systems store program instructions executable by the one or more computer systems to cause the one or more computer systems to;

    receive a first proposal to trade from the first trading entity;

    compute a second proposal to trade for the second trading entity based on the first proposal to trade and based on a current amount of credit available to the second trading entity over the first credit path; and

    convey a limit order book to the second trading entity, wherein the limit order book includes the second proposal to trade.

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