Invention Grant
- Patent Title: Confidential block trading system and method
- Patent Title (中): 机密块交易系统和方法
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Application No.: US12692147Application Date: 2010-01-22
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Publication No.: US08635144B2Publication Date: 2014-01-21
- Inventor: Henri Waelbroeck , Fred J. Federspiel , John Lopez
- Applicant: Henri Waelbroeck , Fred J. Federspiel , John Lopez
- Applicant Address: US CA Culver City
- Assignee: ITG Software Solutions, Inc.
- Current Assignee: ITG Software Solutions, Inc.
- Current Assignee Address: US CA Culver City
- Agency: Rothwell, Figg, Ernst & Manbeck, P.C.
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Methods and systems for facilitating trading of securities, preferred methods comprising receiving a first buy or sell order from a first user; calculating a block price range; determining that said first order is reasonably priced; transmitting to a second user a notification that a reasonably priced order is present, but without notifying said second user of the side; receiving a second order from said second user, wherein said second order is a contra to said first order and nearly matches but does not cross said first order; transmitting a contra order notification to said second user after said second order is received, said contra order notification indicating that a nearly matching contra order is active; receiving a third order from said second user, said third order being a contra to said first order and crossing said first order; and executing a trade comprising said first order and said third order.
Public/Granted literature
- US20100121759A1 Confidential Block Trading System And Method Public/Granted day:2010-05-13
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