EP 1121648 A1 20010808 - NETWORK-BASED TRADING SYSTEM AND METHOD
Title (en)
NETWORK-BASED TRADING SYSTEM AND METHOD
Title (de)
NETZWERKBASIERTES HANDELSSYSTEM UND VERFAHREN
Title (fr)
SYSTEME ET PROCEDE D'ECHANGE DE TITRES EN RESEAU
Publication
Application
Priority
- US 0007561 W 20000322
- US 13495699 P 19990519
Abstract (en)
[origin: WO0070506A1] A network based trading system and method are provided which combine economies-of-scale enjoyed by institutional investors and mutual funds with direct ownerships of securities to permit individual investors to participate in the bond market in a cost effective manner. Through team investing (600), institutional economies-of-scale are created for individuals by allowing groupings of individuals to buy and sell bonds as a "team", thereby executing one cost-efficient trade in the institutional market rather than many smaller trades in the inefficient trade in the institutional market rather than many smaller trades in the inefficient retails market. Also, through customer-to-customer (C2C) trading, customers are allowed to negotiate a trade directly with one another as an alternative to selling in the inter-dealer market. The system and method also incorporate an automatic risk assessment and trade approval routine for evaluating a proposed trade of a financial instrument which was received from a customer in an electronic form.
IPC 1-7
IPC 8 full level
G06F 17/30 (2006.01); G06Q 40/00 (2012.01)
CPC (source: EP)
G06Q 40/04 (2013.01)
Designated contracting state (EPC)
AT BE CH CY DE DK ES FI FR GB GR IE IT LI LU MC NL PT SE
DOCDB simple family (publication)
WO 0070506 A1 20001123; EP 1121648 A1 20010808; EP 1121648 A4 20020717
DOCDB simple family (application)
US 0007561 W 20000322; EP 00918234 A 20000322