System and method for trading having a principal market maker

  • US 5,963,923 A
  • Filed: 06/03/1997
  • Issued: 10/05/1999
  • Est. Priority Date: 11/12/1996
  • Status: Expired due to Term
First Claim
Patent Images

1. A principal market maker/rolling spot system for trading currency futures, comprising:

  • a principal market maker futures computer operative to receive and automatically execute primary currency futures purchase and sale trades and orders and maintain a currency futures bid and offer market;

    a principal market maker options computer operative to receive and automatically execute secondary currency futures purchase and sale trade and orders and maintain a currency options bid and offer market; and

    a bi-directional communications link coupled between the futures and options computers, the bi-directional communications link to facilitate intermarket trading to manage risk taken in a position resulting from a trade in either market.

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