Multi site solution for securities trading
First Claim
Patent Images
1. A method, comprising:
- trading in securities at a primary site that includes a primary site computer according to information received from market makers and traders, said information comprising quotes from market makers and orders from traders for one or more instruments, wherein the primary computer is arranged to communicate over a communications link with a secondary site computer located at a secondary site different from the primary site;
receiving and storing of said information at the primary site computer;
using said information to create deals in said instruments, said deals also being stored at the primary site computer; and
transmitting from the primary site computer to the secondary site computer replicas of the orders and the deals, but not transmitting from the primary site computer to the secondary site computer replicas of each of the quotes.
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0 Petitions
Accused Products
Abstract
Securities are traded at a primary site according to information received from market makers and traders. The information, including quotes and orders for one or more instruments, is received and stored at the primary site and used to create deals in the securities. The deals are also stored at the primary site. A secondary site stores replicas of the orders and deals, but not quote information. The deals stored at the secondary site may be used to update the orders stored at the secondary site.
15 Citations
20 Claims
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1. A method, comprising:
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trading in securities at a primary site that includes a primary site computer according to information received from market makers and traders, said information comprising quotes from market makers and orders from traders for one or more instruments, wherein the primary computer is arranged to communicate over a communications link with a secondary site computer located at a secondary site different from the primary site; receiving and storing of said information at the primary site computer; using said information to create deals in said instruments, said deals also being stored at the primary site computer; and transmitting from the primary site computer to the secondary site computer replicas of the orders and the deals, but not transmitting from the primary site computer to the secondary site computer replicas of each of the quotes. - View Dependent Claims (2)
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3. An automated system comprising:
a primary site for trading in securities and including a primary site computer programmed to; receive information from market makers and traders, said information comprising quotes from market makers and orders from traders for at least one instrument, store said information in memory at the primary site associated with the primary site computer, create deals using said received information and store said deals in the memory at the primary site, and transmit from the primary site computer to a secondary site computer located at a secondary site physically separate from the primary site replicas of the orders and the deals, but not transmit from the primary site computer to the secondary site computer replicas of each of the quotes. - View Dependent Claims (4)
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5. A method comprising:
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carrying out automated trading of securities using a primary site computer located at a primary site according to information received from market makers and traders, said information comprising quotes from market makers and orders from traders for one or more instruments, wherein the primary computer is arranged to communicate over a communications link with a secondary site computer located at a secondary site geographically remote from the primary site; receiving and storing said information at the primary site computer; the primary site computer using said information to create deals in said securities, said deals being stored at the primary site computer; transmitting from the primary site computer to the secondary site computer replicas of the orders and the deals, but not transmitting from the primary site computer to the secondary site computer replicas of each of the quotes; and storing at the secondary site computer replicas of the orders and deals, wherein trading of securities is continued at the secondary site in case of a malfunction at the primary site, in which case the market makers and traders are prompted to submit new quotes to the secondary site. - View Dependent Claims (6, 7, 8)
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9. An automated system comprising:
a primary site for trading in securities including; automated means for receiving information from market makers and traders, said information comprising quotes from market makers and orders from traders for at least one instrument, automated means for storing said information at the primary site, automated means for creating deals using said received information, automated means for storing said deals at the primary site, and automated means for transmitting from the primary site to the automated means located at a secondary site physically separate from the primary site replicas of the orders and the deals, wherein the automated means for transmitting is configured not to transmit from the primary site to the automated means located at a secondary site replicas of each of the quotes. - View Dependent Claims (10, 11, 12)
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13. An automated corrective method for use in an automated system for trading in securities, comprising:
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passing system information regarding orders from traders and deals for one or more instruments from a primary trading site computer trading securities to a secondary site computer located at a secondary site linked to the primary trading site by a communications link, but not passing from the primary trading site computer to the secondary site computer quotes from market makers for the one or more instruments, storing the system information at the secondary site in a memory associated with the secondary site computer, and the secondary site computer using the deal information passed to the secondary site computer to update the order information stored at the secondary site computer. - View Dependent Claims (14, 15, 16)
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17. A computer system comprising:
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a primary trading site computer located a primary trading site and configured to trade in securities, a secondary site computer located a secondary site that is remote from the primary trading site, wherein the primary trading site computer is configured to pass securities trading information regarding orders from traders and deals for one or more instruments from the primary trading site computer to the secondary site for storage at the secondary site, wherein the primary trading site computer is configured to not pass to the secondary site securities trading information regarding quotes from market makers for the one or more instruments, wherein the secondary site computer is configured use the securities trading information regarding deals passed to the secondary site to update the order information stored at the secondary site. - View Dependent Claims (18, 19, 20)
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Specification