WO2005003894A3 - Confidential block trading system and method - Google Patents

Confidential block trading system and method Download PDF

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Publication number
WO2005003894A3
WO2005003894A3 PCT/US2004/019706 US2004019706W WO2005003894A3 WO 2005003894 A3 WO2005003894 A3 WO 2005003894A3 US 2004019706 W US2004019706 W US 2004019706W WO 2005003894 A3 WO2005003894 A3 WO 2005003894A3
Authority
WO
WIPO (PCT)
Prior art keywords
user
order
security
trading system
facilitating
Prior art date
Application number
PCT/US2004/019706
Other languages
French (fr)
Other versions
WO2005003894A2 (en
Inventor
Henri Waelbroeck
Fred J Federspiel
John E Lopez
Original Assignee
Xchange Advantage Inc E
Henri Waelbroeck
Fred J Federspiel
John E Lopez
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Xchange Advantage Inc E, Henri Waelbroeck, Fred J Federspiel, John E Lopez filed Critical Xchange Advantage Inc E
Priority to EP04755710A priority Critical patent/EP1636678A4/en
Publication of WO2005003894A2 publication Critical patent/WO2005003894A2/en
Publication of WO2005003894A3 publication Critical patent/WO2005003894A3/en

Links

Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/06Asset management; Financial planning or analysis

Abstract

A method for facilitating trading of securities over a computer system comprises electronically receiving a buy or sell order for a security from a first user; determining that the order is reasonably priced; transmitting to a second user an electronic notification that a reasonably priced order for the security is present, but without notifying the second user of the side of the first user’s order, receiving an order from the second user, wherein the second user’s order is a contra to the first user’s order and sufficiently aggressive in price to cross the first user’s order; and executing a trade comprising the first user’s order and the second user’s order at the limit price of the first user’s order. Also described is an electronic system for facilitating securities trading that comprises a facilitator module, a financial information exchange server (110), a transactional database (150), and an analytics server (160).
PCT/US2004/019706 2003-06-24 2004-06-22 Confidential block trading system and method WO2005003894A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
EP04755710A EP1636678A4 (en) 2003-06-24 2004-06-22 Confidential block trading system and method

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US10/603,100 2003-06-24
US10/603,100 US7685052B2 (en) 2000-06-01 2003-06-24 Confidential block trading system and method

Publications (2)

Publication Number Publication Date
WO2005003894A2 WO2005003894A2 (en) 2005-01-13
WO2005003894A3 true WO2005003894A3 (en) 2006-03-02

Family

ID=33564114

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2004/019706 WO2005003894A2 (en) 2003-06-24 2004-06-22 Confidential block trading system and method

Country Status (4)

Country Link
US (3) US7685052B2 (en)
EP (1) EP1636678A4 (en)
CN (1) CN1853193A (en)
WO (1) WO2005003894A2 (en)

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US20100121759A1 (en) 2010-05-13
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US8635144B2 (en) 2014-01-21

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