The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Oct. 31, 2006
Filed:
Dec. 03, 1999
Peter E. Rayner, Westfield, NJ (US);
Elizabeth Brooks, Falmouth, GB;
Fred Irwin, Frankfurt, DE;
Mark Johnson, Near Wigan, GB;
Andreas T. Lieven, Kelkheim, DE;
Neil Potter, Westfield, NJ (US);
Andreas Raschdorf, New Anspach, DE;
Marie Torremante, Wiesbaden, DE;
Christine Licci, Hanau, DE;
Dieter Pfundt, Hofheim, DE;
Peter E. Rayner, Westfield, NJ (US);
Elizabeth Brooks, Falmouth, GB;
Fred Irwin, Frankfurt, DE;
Mark Johnson, Near Wigan, GB;
Andreas T. Lieven, Kelkheim, DE;
Neil Potter, Westfield, NJ (US);
Andreas Raschdorf, New Anspach, DE;
Marie Torremante, Wiesbaden, DE;
Christine Licci, Hanau, DE;
Dieter Pfundt, Hofheim, DE;
Citibank Aktiengesellschaft, Frankfurt, DE;
Abstract
An automated trading system makes use of various components, such as one or more transaction servers and one or more rate servers and a number of terminals. A request for a proposed transaction for a user is entered at either a user's terminal or a sales trader's terminal and sent to a transaction server coupled to a rate server. If a first predefined condition for generating an executable rate quote is identified, an executable rate quote is generated by the rate server and sent back to the user's or sales trader's terminal for the user. Otherwise, if a second predefined condition for a category trader's rate quote is identified, a request for the category trader's rate quote is sent by the transaction server to one or more category trader's terminals, prompting entry of a category trader's rate quote by one or more of the category traders, which is likewise sent back to the user's or sales trader's terminal for the user. If a request for execution is entered at the user's or sales trader's terminal within a predetermined period of time, the transaction server hands off the request for execution to a hand-off server, which executes the transaction for the user.