Nova Patents
AU2005299618A1

System and method for generating liquidity

Abstract

A system for generating liquidity includes a plurality of client user interfaces and a matching system. Each client user interface includes a trading desktop which stores unexecuted trading positions. The matching system is coupled with the plurality of client user interfaces and configured to receive information about the unexecuted trading positions. The system can identify as a match one or more first indications of interest which can fulfill one or more second indications of interest, based upon the information about the unexecuted trading positions. For the identified matches, the system can provide a notification of the match and an invitation to execute the match to corresponding client user interfaces. When an invitation is accepted, the system forwards an order to an order execution system for execution.

Term

Term ended

Projected expiry passed 27 October 2025, 0.9 years ago.

  1. Priority
  2. Filed
  3. Published
  4. Projected expiry
  5. Today

12 claims: 8 independent, 4 dependent

  1. 1
    THE CLAIMS:We claim: 1. A system for generating liquidity, comprising: a plurality of client user interfaces, each said client user interface including a 5 trading desktop having a means for storing unexecuted trading positions to trade a given amount of a tradable asset;a matching system coupled with said plurality of client user interfaces and configured to receive from said plurality of user client interfaces a plurality of unexecuted trading positions, to identify as a match one or more first unexecuted 10 trading positions from said plurality of unexecuted trading positions which can fulfill one or more second unexecuted trading positions from said plurality of unexecuted trading positions, and, for the identified matches, to provide a notification of said match and an invitation to execute said match to corresponding client user interfaces, and, when each said invitation is accepted, to forward orders 15 corresponding to the match, to an order execution system for execution.
  2. 6
    6/12 CXI FIG. 2E SUBSTITUTE SHEET (RULE 26) WO 2006/047712 PCT/US2005/038850
  3. 7
    7/12 FIG. 2F SUBSTITUTE SHEET (RULE 26) WO 2006/047712 PCT/US2005/038850
  4. 8
    8/12 FIG. 2G SUBSTITUTE SHEET (RULE 26) WO 2006/047712 PCT/US2005/038850
  5. 9
    9/12 FIG. 2H SUBSTITUTE SHEET (RULE 26) WO 2006/047712 PCT/US2005/038850
  6. 10
    10/12 FIG. 2I SUBSTITUTE SHEET (RULE 26) WO 2006/047712 PCT/US2005/038850
  7. 11
    11/12 CCS C Φ Ο <η MARKET Bid Offer x 28.44 28.42 | SELL Sell Type Sell Indie Sell Conf Indie Size 40,000 Triad Size 40,000 (1) 3 28.43 ! BUY Triact Size 100,000 (1) X40,0C hdic Size 000 OOO χ o 0 0 § 0“ o' 0’ X 0 θ 2 § Buy Type .° 7= O 0 S = O = 2k Z3 Σ3 Z3 CQ CD CQ lOtOoOOJO’C'φ in ιητ- co ο o c in 6j co CO Tfr 3- έ ΣΊ 94 94 *“000000 A— V- V V— Ύ— r— v- CM co C? S V) V) δ co φ %*—· ο £Χ Ο σ ω k- u. φ Φ Φ Ό Ό co k_ ω 0 0 k. 0 0 ·+—» -4—» ω O £= o c _o V) ώ CO -4—» CO Φ Φ 0 C5 *u ’£C 'O XJ u. ra ra ω ω t/3 c c ω _o _o Φ Φ ο co u co .o c 0 c 0 ο C T3 0 a c c 1— ο Φ Φ Ω_ x:. Ό Σ3 Φ Φ Z5 CQ w co CQ c\j co Tt ΙΟ ro ο ’-σ c φ > Φ' co ο tn Φ Φ Ξ3 CO CD FIG. 3 SUBSTITUTE SHEET (RULE 26) WO 2006/047712 PCT/US2005/038850 O CO h— TO C
  8. 12
    12/12 XT xr oo xT oo <D o o φ CD .2 SZ Π5 Φ O co CT) £= =5 «3 CO o co o’ to O O CO O xt o o o o xr CO XT CO o O o o σ> o o _ X o o ip UY N CO o o o θ o’ o o co o o o o o o o o CQ Ό —cr o o -V—- o -- o ω o ·+— o CL 1— Ό c CZ o O -a c S ϊ Z3 CT CT CT co CO aa co 04 to io oo CT) CO t— a to l£ CO o o E oi in oi co CO Xt i— o o co CM o CM o CM O CM o 04 O v v- •v· X“ Ύ—’ “s. OJ CO ^r to CO o- c co 1— Φ Ό i_ O E CZ) Φ > w co o k_ o To '43 c Φ -♦«-» o CX “O Φ n *— φ Φ — T3 co k. ω ° S -2 ™ c —J O - +—* W CD Φ O 4= CD CD V) Φ LCD JZ tn o o _ >, o => io CO c o X-, CD O Ϊ5 c c Ό -*-* CD _O % C c w I— CD > c o o “ _Φ Φ φ ω ω CD Ό t_ O o •4—* c .2 >—« CD O c ο » CD Ο Χ3 C .= φ « S •C g CD η·* S-* _ Σ3 > Ο Τ3 -»- <ο 8 £ £ k— k_ Φ γ- φ 27 -σ =3 ·— ZJ ω S co FIG. 4 SUBSTITUTE SHEET (RULE 26)
Independent claims8