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. 28, 2014
Filed:
Sep. 27, 2010
August M. Hochenberger, East Islip, NY (US);
Edward R. Howorka, Denville, NJ (US);
Neena Jain, South Plainfield, NJ (US);
John C. Gaudio, Middletown, NJ (US);
John R. Capuano, Chatham, NJ (US);
Gregory Mills, Flanders, NJ (US);
Srivathsan Krishnasami, New York, NY (US);
August M. Hochenberger, East Islip, NY (US);
Edward R. Howorka, Denville, NJ (US);
Neena Jain, South Plainfield, NJ (US);
John C. Gaudio, Middletown, NJ (US);
John R. Capuano, Chatham, NJ (US);
Gregory Mills, Flanders, NJ (US);
Srivathsan Krishnasami, New York, NY (US);
EBS Group Limited, London, GB;
Abstract
An anonymous trading system for financial instruments comprises a network of broking nodes each performing a bid and offer matching function and a market view distribution function. Trader terminals are connected to the network via trading agent nodes. During deal execution a credit check is performed and once the deal is complete the identity of the counterparty becomes known to the other counterparty to the deal. The originating counterparty may send a More quantity message to the other party proposing a further deal at the same price. The other party may decline, partially accept, accept or accept and propose a still further amount. Credit for the further deal is drawn from an external source and the internal credit limits are temporarily increased or disabled to prevent the deal from being rejected.