System and method for electronic trading of assets

  • US 7,330,834 B1
  • Filed: 10/05/2000
  • Issued: 02/12/2008
  • Est. Priority Date: 10/05/2000
  • Status: Expired due to Fees
First Claim
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1. A method for online trading assets via transactionally linked virtual markets comprising the steps of:

  • defining attributes and behaviors of virtual markets;

    placing individual buy and sell orders in the virtual markets;

    defining at least one unified cross-market trading strategy that includes at least a first order in a first virtual market and a second order in a second virtual market;

    automatically calculating, based on the unified cross-market trading strategy, a price and an amount for the first order in the first virtual market based on a price and an amount of one or more orders in the second virtual market;

    automatically calculating, based on the unified cross-market trading strategy, a price and an amount for the second order in the second virtual market based on a price and an amount of one or more orders in the first virtual market;

    automatically routing the first and second orders to their respective virtual markets; and

    automatically matching and executing both individual orders and orders generated by cross-market trading strategies for virtual markets;

    wherein at least part of the method is performed on one or more computer systems.

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