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WO2002059711A3 - Method and system of anonymously trading securities on-line - Google Patents

Method and system of anonymously trading securities on-line Download PDF

Info

Publication number
WO2002059711A3
WO2002059711A3 PCT/US2001/044235 US0144235W WO02059711A3 WO 2002059711 A3 WO2002059711 A3 WO 2002059711A3 US 0144235 W US0144235 W US 0144235W WO 02059711 A3 WO02059711 A3 WO 02059711A3
Authority
WO
WIPO (PCT)
Prior art keywords
order
creating
encrypted
processing system
host processing
Prior art date
Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
Ceased
Application number
PCT/US2001/044235
Other languages
French (fr)
Other versions
WO2002059711A2 (en
Inventor
Mark E Bowles
Nicholas J Taddeo
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
BONDMART TECHNOLOGIES Inc
Original Assignee
BONDMART TECHNOLOGIES Inc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by BONDMART TECHNOLOGIES Inc filed Critical BONDMART TECHNOLOGIES Inc
Publication of WO2002059711A2 publication Critical patent/WO2002059711A2/en
Publication of WO2002059711A3 publication Critical patent/WO2002059711A3/en
Anticipated expiration legal-status Critical
Ceased legal-status Critical Current

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Finance (AREA)
  • Engineering & Computer Science (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Marketing (AREA)
  • Strategic Management (AREA)
  • Technology Law (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

A method of trading securities anonymously among a plurality of investors includes the steps of maintaining a database of a plurality of standing orders to trade securities; entering a first order to trade securities by a first investor on a first one of a plurality of data communication devices; encrypting the first order, thereby creating an encrypted first order; communicating the encrypted first order from the first data communication device over a public network to a host processing system; processing the encrypted first order by the host processing system, thereby creating a second order; adding the second order to the database, thereby creating a first updated database; processing the second order by the host processing system, thereby creating a first anonymous order; adding the first anonymous order to a record of a plurality of anonymous standing orders, thereby creating a first updated record; encrypting the first updated record, thereby creating an encrypted first updated record; communicating the encrypted first updated record from the host processing system over the public network to the plurality of data communication devices; matching the second order with a first standing order of a second investor, thereby creating an executed trade; and creating a settlement statement by the host processing system for the executed trade.
PCT/US2001/044235 2000-11-28 2001-11-28 Method and system of anonymously trading securities on-line Ceased WO2002059711A2 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US72262200A 2000-11-28 2000-11-28
US09/722,622 2000-11-28

Publications (2)

Publication Number Publication Date
WO2002059711A2 WO2002059711A2 (en) 2002-08-01
WO2002059711A3 true WO2002059711A3 (en) 2003-04-03

Family

ID=24902636

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2001/044235 Ceased WO2002059711A2 (en) 2000-11-28 2001-11-28 Method and system of anonymously trading securities on-line

Country Status (1)

Country Link
WO (1) WO2002059711A2 (en)

Families Citing this family (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7299208B1 (en) * 2002-04-05 2007-11-20 Goldman Sachs & Co. Apparatus and system for defining an automated spread trading parameter

Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US4674044A (en) * 1985-01-30 1987-06-16 Merrill Lynch, Pierce, Fenner & Smith, Inc. Automated securities trading system
US5101353A (en) * 1989-05-31 1992-03-31 Lattice Investments, Inc. Automated system for providing liquidity to securities markets
US5136501A (en) * 1989-05-26 1992-08-04 Reuters Limited Anonymous matching system
US5497317A (en) * 1993-12-28 1996-03-05 Thomson Trading Services, Inc. Device and method for improving the speed and reliability of security trade settlements
US5873071A (en) * 1997-05-15 1999-02-16 Itg Inc. Computer method and system for intermediated exchange of commodities
US5950176A (en) * 1996-03-25 1999-09-07 Hsx, Inc. Computer-implemented securities trading system with a virtual specialist function

Patent Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US4674044A (en) * 1985-01-30 1987-06-16 Merrill Lynch, Pierce, Fenner & Smith, Inc. Automated securities trading system
US5136501A (en) * 1989-05-26 1992-08-04 Reuters Limited Anonymous matching system
US5101353A (en) * 1989-05-31 1992-03-31 Lattice Investments, Inc. Automated system for providing liquidity to securities markets
US5497317A (en) * 1993-12-28 1996-03-05 Thomson Trading Services, Inc. Device and method for improving the speed and reliability of security trade settlements
US5950176A (en) * 1996-03-25 1999-09-07 Hsx, Inc. Computer-implemented securities trading system with a virtual specialist function
US5873071A (en) * 1997-05-15 1999-02-16 Itg Inc. Computer method and system for intermediated exchange of commodities

Also Published As

Publication number Publication date
WO2002059711A2 (en) 2002-08-01

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