System, method and computer program product for providing an efficient trading market
First Claim
Patent Images
1. A method, comprising:
- receiving at a workstation, a request from a user to execute a trade of a specific security at a current market price for that security, the request being transmitted from the user via a network coupled to the workstation;
subsequently generating, at the workstation, a derivative security to represent the requested security, the derivative security having a price equal to the current market price of the security at a time the request was issued;
the workstation executing the requested trade using the derivative security instead of the security and without finding a counterparty for the trade of the security;
after the execution, the workstation obtaining a market price of the security at the time of the request from a financial market quotes provider from a data feed of market quotes received over the network from a financial market quote provider; and
the workstation adjusting an account of the user in accordance with the executed trade utilizing the obtained market price of the security.
5 Assignments
0 Petitions
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.
-
Citations
17 Claims
-
1. A method, comprising:
-
receiving at a workstation, a request from a user to execute a trade of a specific security at a current market price for that security, the request being transmitted from the user via a network coupled to the workstation; subsequently generating, at the workstation, a derivative security to represent the requested security, the derivative security having a price equal to the current market price of the security at a time the request was issued; the workstation executing the requested trade using the derivative security instead of the security and without finding a counterparty for the trade of the security; after the execution, the workstation obtaining a market price of the security at the time of the request from a financial market quotes provider from a data feed of market quotes received over the network from a financial market quote provider; and the workstation adjusting an account of the user in accordance with the executed trade utilizing the obtained market price of the security. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
-
-
9. A system for providing a trading exchange, comprising:
-
a workstation coupled to a network, the workstation having; a capture component for receiving a request from a user to execute a trade of a specific security at a current market price for that security, the request being transmitted from the user via the network; 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, after the execution of the requested trade, a market price of the security at the time of the request from a data feed of market quotes received over the network from a financial market quotes provider; and a component for adjusting an account of the user in accordance with the executed trade utilizing obtained market price of the security. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16)
-
-
17. A computer-readable storage medium having computer-executable instructions for causing a computer to perform a method, the method comprising:
-
receiving at a workstation, a request from a user to execute a trade of a specific security at a current market price for that security, the request being transmitted from the user via a network; subsequently generating a derivative security to represent the requested security, the derivative security having a price equal to the current market 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; after the execution, obtaining a market price of the security at the time of the request from a data feed of market quotes received over the network from a financial market quotes provider; and adjusting an account of the user in accordance with the executed trade utilizing the obtained market price of the security.
-
Specification