System for retrieving data stored in a database
First Claim
1. A system for trading bonds electronically, the system comprising at least one processor and at least one tangible memory device having software stored thereon, the at least one processor connected over a computer network to at least one selling user computer and a plurality of bidding user computers, and wherein the software, when executed by the at least one processor, directs the at least one processor to:
- transmit a list of bonds to a selling user computer;
receive from the selling user a selection of a bond from the list of bonds to be included in a bid wanted;
receive a bid wanted for at least one bond lot comprising the selected bond from the selling user computer;
transmit the bid wanted to a plurality of bidding users;
receive a plurality of bids responding to the bid wanted from the plurality of bidding users; and
transmit to the selling user computer a list of the bids received from the plurality of bidding users.
2 Assignments
0 Petitions
Accused Products
Abstract
A computer-implemented, transaction-making, municipal bond trading system having a capability to conduct a private electronic auction of bid wanteds between a central brokers'"'"' broker and multiple prospective remote bidders and to maintain a reference database of accurate individual bond lot descriptions and identifications, including CUSIP (trademark) numbers.
125 Citations
21 Claims
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1. A system for trading bonds electronically, the system comprising at least one processor and at least one tangible memory device having software stored thereon, the at least one processor connected over a computer network to at least one selling user computer and a plurality of bidding user computers, and wherein the software, when executed by the at least one processor, directs the at least one processor to:
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transmit a list of bonds to a selling user computer; receive from the selling user a selection of a bond from the list of bonds to be included in a bid wanted; receive a bid wanted for at least one bond lot comprising the selected bond from the selling user computer; transmit the bid wanted to a plurality of bidding users; receive a plurality of bids responding to the bid wanted from the plurality of bidding users; and transmit to the selling user computer a list of the bids received from the plurality of bidding users. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A system for trading bonds electronically, the system comprising at least one processor and at least one tangible memory device having software stored thereon, the at least one processor connected over a computer network to at least one selling user computer and a plurality of bidding user computers, and wherein the software, when executed by the at least one processor directs the at least one processor to:
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transmit a list of bonds to a selling user computer; transmit to the selling user at least one item of bond data for each of the plurality of bonds on the list, the at least one item of bond data comprising at least one of coupon data, maturity data, yield data, and issuer data; receive from the selling user a selection of a bond from the list of bonds to be included in a bid wanted; receive a bid wanted for at least one bond lot comprising the selected bond from the selling user computer, the bid wanted comprising a unique issue identifier system incorporated into the bid wanted; transmit the bid wanted to a plurality of bidding users; receive a plurality of bids responding to the bid wanted from the plurality of bidding users; and transmit to the selling user computer a list of the bids received from the plurality of bidding users.
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Specification