WO2000026745A3 - Computer-implemented securities trading system with virtual currency and virtual specialist - Google Patents

Computer-implemented securities trading system with virtual currency and virtual specialist Download PDF

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Publication number
WO2000026745A3
WO2000026745A3 PCT/US1999/025793 US9925793W WO0026745A3 WO 2000026745 A3 WO2000026745 A3 WO 2000026745A3 US 9925793 W US9925793 W US 9925793W WO 0026745 A3 WO0026745 A3 WO 0026745A3
Authority
WO
WIPO (PCT)
Prior art keywords
virtual
computer
buy
currency
server computer
Prior art date
Application number
PCT/US1999/025793
Other languages
French (fr)
Other versions
WO2000026745A9 (en
WO2000026745A2 (en
Inventor
Timothy M Keiser
Michael R Burns
Original Assignee
Hsx 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
Priority claimed from US09/184,571 external-priority patent/US6505174B1/en
Priority claimed from US09/382,907 external-priority patent/US7487123B1/en
Application filed by Hsx Inc filed Critical Hsx Inc
Priority to EP99965746A priority Critical patent/EP1461755A4/en
Publication of WO2000026745A2 publication Critical patent/WO2000026745A2/en
Publication of WO2000026745A9 publication Critical patent/WO2000026745A9/en
Publication of WO2000026745A3 publication Critical patent/WO2000026745A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR 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

Abstract

A computer-implemented financial management system provides the trading of securities via a network using virtual currency. A server computer (14) receives buy and sell orders for derivative financial instruments from a plurality of client computers (12). The server computer (14) attempts to match the buy and sell orders and then generates a market price through the use of a virtual specialist program executed by the server computer (14). The virtual specialist program responds to an imbalance in the matching of the buy and sell orders. The virtual currency accumulated by HSX account holders as a result of successful trading may be converted to another currency, credited toward the cost of merchandise provided through a vendor's web site, etc.
PCT/US1999/025793 1998-11-02 1999-11-02 Computer-implemented securities trading system with virtual currency and virtual specialist WO2000026745A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
EP99965746A EP1461755A4 (en) 1998-11-02 1999-11-02 Computer-implemented securities trading system with virtual currency and virtual specialist

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
US09/184,571 US6505174B1 (en) 1996-03-25 1998-11-02 Computer-implemented securities trading system with a virtual specialist function
US09/184,571 1998-11-02
US09/382,907 1999-08-25
US09/382,907 US7487123B1 (en) 1996-03-25 1999-08-25 Computer-implemented securities trading system with virtual currency and virtual specialist

Publications (3)

Publication Number Publication Date
WO2000026745A2 WO2000026745A2 (en) 2000-05-11
WO2000026745A9 WO2000026745A9 (en) 2002-08-22
WO2000026745A3 true WO2000026745A3 (en) 2004-05-21

Family

ID=26880262

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US1999/025793 WO2000026745A2 (en) 1998-11-02 1999-11-02 Computer-implemented securities trading system with virtual currency and virtual specialist

Country Status (2)

Country Link
EP (1) EP1461755A4 (en)
WO (1) WO2000026745A2 (en)

Families Citing this family (44)

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US10586282B2 (en) * 1996-03-25 2020-03-10 Cfph, Llc System and method for trading based on tournament-style events
US7392214B1 (en) 1999-04-30 2008-06-24 Bgc Partners, Inc. Systems and methods for trading
AU5612200A (en) 1999-06-15 2001-01-02 Cfph, L.L.C. Systems and methods for electronic trading that provide incentives and linked auctions
US7356498B2 (en) 1999-12-30 2008-04-08 Chicago Board Options Exchange, Incorporated Automated trading exchange system having integrated quote risk monitoring and integrated quote modification services
US9727916B1 (en) 1999-12-30 2017-08-08 Chicago Board Options Exchange, Incorporated Automated trading exchange system having integrated quote risk monitoring and integrated quote modification services
WO2002029740A1 (en) * 2000-10-05 2002-04-11 Qentis Holding Gmbh Network oriented payment service
US7392217B2 (en) 2001-05-09 2008-06-24 Bgc Partners, Inc. Systems and methods for controlling traders from manipulating electronic trading markets
US7379911B2 (en) 2001-12-26 2008-05-27 Espeed, Inc. Systems and methods for providing financial instruments including contrary positions
US8930256B2 (en) 2002-10-31 2015-01-06 Bgc Partners, Inc. Keyboard trading system
GB2395036A (en) 2002-10-31 2004-05-12 Espeed Inc Trading interface using keyboard
US8353763B2 (en) 2003-03-31 2013-01-15 Cantor Index, Llc System and method for betting on a participant in a group of events
US20050055304A1 (en) 2003-09-10 2005-03-10 Lutnick Howard W. Trading application program interface
US8131626B2 (en) 2003-11-17 2012-03-06 Bgc Partners, Inc. Customizable trading display of market data
CA2971774A1 (en) 2004-09-28 2006-03-28 Bgc Partners Inc. Systems and methods for providing neutral price improvement
EP1717747A1 (en) 2005-03-24 2006-11-02 eSPEED, Inc. Systems and methods for protecting against erroneous price entries in the electronic trading of financial and other instruments
US7636681B2 (en) 2006-12-27 2009-12-22 Cfph, Llc Methods and systems for generating an investment trust comprising neutralized securities
US8341068B2 (en) 2007-12-18 2012-12-25 The Trustees Of The Stevens Institute Of Technology Method and apparatus for generating and evaluating ideas in an organization
US8341054B2 (en) 2010-07-02 2012-12-25 Cdt Global Soft, Inc. System and method for bank account management and currency investment
US10269009B1 (en) 2013-06-28 2019-04-23 Winklevoss Ip, Llc Systems, methods, and program products for a digital math-based asset exchange
US9892460B1 (en) 2013-06-28 2018-02-13 Winklevoss Ip, Llc Systems, methods, and program products for operating exchange traded products holding digital math-based assets
US10354325B1 (en) 2013-06-28 2019-07-16 Winklevoss Ip, Llc Computer-generated graphical user interface
US10068228B1 (en) 2013-06-28 2018-09-04 Winklevoss Ip, Llc Systems and methods for storing digital math-based assets using a secure portal
US11282139B1 (en) 2013-06-28 2022-03-22 Gemini Ip, Llc Systems, methods, and program products for verifying digital assets held in a custodial digital asset wallet
US9853977B1 (en) 2015-01-26 2017-12-26 Winklevoss Ip, Llc System, method, and program product for processing secure transactions within a cloud computing system
US10915891B1 (en) 2015-03-16 2021-02-09 Winklevoss Ip, Llc Autonomous devices
US10158480B1 (en) 2015-03-16 2018-12-18 Winklevoss Ip, Llc Autonomous devices
SG11201708000PA (en) 2015-03-31 2017-10-30 Nasdaq Inc Systems and methods of blockchain transaction recordation
AU2016288644A1 (en) 2015-07-02 2018-02-22 Nasdaq, Inc. Systems and methods of secure provenance for distributed transaction databases
US10108812B2 (en) 2016-01-28 2018-10-23 Nasdaq, Inc. Systems and methods for securing and disseminating time sensitive information using a blockchain
AU2017216289A1 (en) 2016-02-04 2018-09-27 Nasdaq Technology Ab Systems and methods for storing and sharing transactional data using distributed computer systems
WO2019123416A1 (en) * 2017-12-22 2019-06-27 Globalvoice As A system for monetising underutilised assets
US10929842B1 (en) 2018-03-05 2021-02-23 Winklevoss Ip, Llc System, method and program product for depositing and withdrawing stable value digital assets in exchange for fiat
US11522700B1 (en) 2018-02-12 2022-12-06 Gemini Ip, Llc Systems, methods, and program products for depositing, holding and/or distributing collateral as a token in the form of digital assets on an underlying blockchain
US11308487B1 (en) 2018-02-12 2022-04-19 Gemini Ip, Llc System, method and program product for obtaining digital assets
US11200569B1 (en) 2018-02-12 2021-12-14 Winklevoss Ip, Llc System, method and program product for making payments using fiat-backed digital assets
US10540654B1 (en) 2018-02-12 2020-01-21 Winklevoss Ip, Llc System, method and program product for generating and utilizing stable value digital assets
US11909860B1 (en) 2018-02-12 2024-02-20 Gemini Ip, Llc Systems, methods, and program products for loaning digital assets and for depositing, holding and/or distributing collateral as a token in the form of digital assets on an underlying blockchain
US10373129B1 (en) 2018-03-05 2019-08-06 Winklevoss Ip, Llc System, method and program product for generating and utilizing stable value digital assets
US11475442B1 (en) 2018-02-12 2022-10-18 Gemini Ip, Llc System, method and program product for modifying a supply of stable value digital asset tokens
US11139955B1 (en) 2018-02-12 2021-10-05 Winklevoss Ip, Llc Systems, methods, and program products for loaning digital assets and for depositing, holding and/or distributing collateral as a token in the form of digital assets on an underlying blockchain
US10438290B1 (en) 2018-03-05 2019-10-08 Winklevoss Ip, Llc System, method and program product for generating and utilizing stable value digital assets
US10373158B1 (en) 2018-02-12 2019-08-06 Winklevoss Ip, Llc System, method and program product for modifying a supply of stable value digital asset tokens
US11334883B1 (en) 2018-03-05 2022-05-17 Gemini Ip, Llc Systems, methods, and program products for modifying the supply, depositing, holding and/or distributing collateral as a stable value token in the form of digital assets
US11501370B1 (en) 2019-06-17 2022-11-15 Gemini Ip, Llc Systems, methods, and program products for non-custodial trading of digital assets on a digital asset exchange

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Patent Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US4412287A (en) * 1975-05-29 1983-10-25 Braddock Iii Walter D Automated stock exchange
US5237500A (en) * 1990-02-27 1993-08-17 Realvalue Corporation System and process for converting constant dollar financial instruments
US5826241A (en) * 1994-09-16 1998-10-20 First Virtual Holdings Incorporated Computerized system for making payments and authenticating transactions over the internet

Also Published As

Publication number Publication date
EP1461755A2 (en) 2004-09-29
EP1461755A4 (en) 2004-09-29
WO2000026745A9 (en) 2002-08-22
WO2000026745A2 (en) 2000-05-11

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