EP 1131764 A2 20010912 - CROSSING NETWORK AND METHOD
Title (en)
CROSSING NETWORK AND METHOD
Title (de)
NETZWERK UND VERFAHREN ZUM VERMITTELN ZWISCHEN KÄUFERN UND VERKÄUFERN
Title (fr)
RESEAU CROISE ET PROCEDE Y RELATIF
Publication
Application
Priority
- US 9925369 W 19991029
- US 10626898 P 19981030
Abstract (en)
[origin: WO0026834A2] A crossing network that matches buy and sell orders based upon a satisfaction and quantity profile is disclosed. The crossing network includes a number of trader terminals that can be used for entering orders. The orders are entered in the form of a satisfaction density profile that represents a degree of satisfaction to trade a particular instrument at various (price, quantity) combinations. Typically, each order is either a buy order or a sell order. The trader terminals are coupled to a matching controller computer. The matching controller computer can receive as input the satisfaction density profiles entered at each one of the trading terminals. The matching controller computer matches orders (as represented by each trader's satisfaction density profile) so that each trader is assured that the overall outcome of the process (in terms of average price and size of fill) has maximized the mutual satisfaction of all traders. Typically, the matching process is anonymous and confidential. The matching process can be continuous or performed on a batch basis.
IPC 1-7
IPC 8 full level
G06Q 40/00 (2012.01)
CPC (source: EP)
G06Q 40/04 (2013.01)
Citation (search report)
See references of WO 0026834A2
Designated contracting state (EPC)
CH DE ES FR GB IT LI
DOCDB simple family (publication)
WO 0026834 A2 20000511; WO 0026834 A3 20000908; AU 1455800 A 20000522; EP 1131764 A2 20010912; GB 0428305 D0 20050126; PE 20001219 A1 20001106; TW 495691 B 20020721
DOCDB simple family (application)
US 9925369 W 19991029; AU 1455800 A 19991029; EP 99971554 A 19991029; GB 0428305 A 20041224; PE 00110599 A 19991103; TW 88119003 A 20000503