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:
Jan. 03, 2012
Filed:
Aug. 20, 2007
Vladimir Neyman, West Orange, NJ (US);
Steven Iaccheo, Pompton Lakes, NJ (US);
Neena Jain, South Plainfield, NJ (US);
James Shu, East Hanover, NJ (US);
Edward Howorka, Morris Plains, NJ (US);
Andrew Foray, Wayne, NJ (US);
Michael Merold, Sparta, NJ (US);
Vladimir Neyman, West Orange, NJ (US);
Steven Iaccheo, Pompton Lakes, NJ (US);
Neena Jain, South Plainfield, NJ (US);
James Shu, East Hanover, NJ (US);
Edward Howorka, Morris Plains, NJ (US);
Andrew Foray, Wayne, NJ (US);
Michael Merold, Sparta, NJ (US);
EBS Group Limited, London, GB;
Abstract
Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.