METHODS AND SYSTEMS FOR RETRIEVING DATA STORED IN A DATABASE
First Claim
Patent Images
1. A method implemented in an electronic auction system, the system comprising at least one computer coupled over a communication network to at least one selling user computer and at least one bidding user computer, the method comprising:
- receiving data associated with at least one bid for at least one fixed income financial instrument from at least one the bidding user;
automatically computing an interest cost rate associated with the at least one fixed income instrument based at least on the bid data; and
communicating the at least one bid to the selling user computer, the at least one bid comprising the computed interest cost value.
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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.
104 Citations
31 Claims
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1. A method implemented in an electronic auction system, the system comprising at least one computer coupled over a communication network to at least one selling user computer and at least one bidding user computer, the method comprising:
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receiving data associated with at least one bid for at least one fixed income financial instrument from at least one the bidding user;
automatically computing an interest cost rate associated with the at least one fixed income instrument based at least on the bid data; and
communicating the at least one bid to the selling user computer, the at least one bid comprising the computed interest cost value. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A system comprising at least one computer coupled over a communication network at least one selling user computer and at least one bidding user computer, the at least one computing device having software associated therewith that when executed performs a method comprising:
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receiving data associated with at least one bid for at least one fixed income financial instrument from at least one the bidding user;
automatically computing an interest cost rate associated with the at least one fixed income instrument based at least on the bid data; and
communicating the at least one bid to the selling user computer, the at least one bid comprising the computed interest cost value. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30)
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31. A system comprising at least one computer coupled over a communication network at least one selling user computer and at least one bidding user computer, the at least one computing device having software associated therewith that when executed performs a method comprising:
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receiving data associated with a plurality of bids for at least one fixed income financial instrument from at least one the bidding user, the data comprising a price for the at least one fixed income financial instrument;
automatically computing an interest cost rate associated with the at least one fixed income instrument based at least on the bid data;
identifying a high bid from the plurality of bids;
communicating at least the identified high bid to the selling user computer the computed interest cost value;
receiving an acceptance of at least the identified high bid; and
executing a trade of the at least one fixed income financial instrument.
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Specification