Trade matching platform with variable pricing based on clearing relationships
First Claim
Patent Images
1. A computerized apparatus comprising:
- a computer processor configured to execute computer-executable instructions;
a computer memory storing the computer-executable instructions, which when executed by the computer processor, cause the apparatus to;
access a database to retrieve settings of a user, wherein the user'"'"'s settings comprise;
a first indication of one or more of a plurality of clearinghouses at which prices are non-actionable but viewable, wherein the first indication identifies at least a first clearinghouse,a second indication of one or more of the plurality of clearinghouses at which prices are actionable, wherein the second indication identifies at least a second clearinghouse, anda third indication of one or more of the plurality of clearinghouses restricted from the user, wherein the third indication identifies at least a third clearinghouse;
register with an exchange computer system to automatically receive updated market data of a financial identifier, wherein the market data is associated with one or more clearinghouses identified in the second indication;
receive, from the exchange, market data comprising at least a price attribute and a financial identifier attribute;
generate, by the computer processor, information formatted for display to the user, wherein the information comprises at least a part of the received market data, and wherein the formatting is based on the user'"'"'s settings; and
transmit, by the computer processor, the formatted information for display to the user.
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Abstract
The disclosure describes a regulated trading platform capable of communicating with a plurality of clearing houses. In particular, aspects of the disclosure relate to providing and/or calculating differentiated prices for the same or underlying financial product/instrument capable of being cleared at different clearing houses. The trading platform may allow anonymous counterparties in a multi-clearinghouse environment, and with full transparency and improved liquidity. The trading platform may also allow for non-anonymous counterparties in some situations.
22 Citations
18 Claims
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1. A computerized apparatus comprising:
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a computer processor configured to execute computer-executable instructions; a computer memory storing the computer-executable instructions, which when executed by the computer processor, cause the apparatus to; access a database to retrieve settings of a user, wherein the user'"'"'s settings comprise; a first indication of one or more of a plurality of clearinghouses at which prices are non-actionable but viewable, wherein the first indication identifies at least a first clearinghouse, a second indication of one or more of the plurality of clearinghouses at which prices are actionable, wherein the second indication identifies at least a second clearinghouse, and a third indication of one or more of the plurality of clearinghouses restricted from the user, wherein the third indication identifies at least a third clearinghouse; register with an exchange computer system to automatically receive updated market data of a financial identifier, wherein the market data is associated with one or more clearinghouses identified in the second indication; receive, from the exchange, market data comprising at least a price attribute and a financial identifier attribute; generate, by the computer processor, information formatted for display to the user, wherein the information comprises at least a part of the received market data, and wherein the formatting is based on the user'"'"'s settings; and transmit, by the computer processor, the formatted information for display to the user. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method comprising:
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access, by a computer processor, a database to retrieve settings of a user, wherein the user'"'"'s settings comprise; a first indication of one or more of a plurality of clearinghouses at which prices are non-actionable but viewable, wherein the first indication identifies at least a first clearinghouse, a second indication of one or more of the plurality of clearinghouses at which prices are actionable, wherein the second indication identifies at least a second clearinghouse, and a third indication of one or more of the plurality of clearinghouses restricted from the user, wherein the third indication identifies at least a third clearinghouse; receive, from an exchange computer system, market data comprising at least a price attribute, a financial identifier attribute, and an attribute configured to identify a clearinghouse, wherein the market data is associated with one or more clearinghouses identified in the second indication; generate, by the computer processor, information formatted for display to the user, wherein the information comprises at least a part of the received market data, and wherein the formatting is based on the user'"'"'s settings; and transmit, by the computer processor, the formatted information for display to the user. - View Dependent Claims (10, 11, 12, 13, 14)
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15. A non-transitory computer memory storing the computer-executable instructions that, when executed by a computer processor, cause a computer to:
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access a database to retrieve settings of a user, wherein the user'"'"'s settings comprise; a first indication of one or more of a plurality of clearinghouses at which prices are non-actionable but viewable, wherein the first indication identifies at least a first clearinghouse, a second indication of one or more of the plurality of clearinghouses at which prices are actionable, wherein the second indication identifies at least a second clearinghouse, and a third indication of one or more of the plurality of clearinghouses restricted from the user, wherein the third indication identifies at least a third clearinghouse; receive, from an exchange computer system, market data comprising at least a price attribute, a financial identifier attribute, and an attribute configured to identify a clearinghouse, wherein the market data is associated with one or more clearinghouses identified in the second indication; generate information formatted for display to the user, wherein the information comprises at least a part of the received market data, and wherein the formatting is based on the user'"'"'s settings; and transmit the formatted information for display to the user. - View Dependent Claims (16, 17, 18)
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Specification