WO2002023972A3 - Contracts for electronic-based market - Google Patents

Contracts for electronic-based market Download PDF

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Publication number
WO2002023972A3
WO2002023972A3 PCT/US2001/027526 US0127526W WO0223972A3 WO 2002023972 A3 WO2002023972 A3 WO 2002023972A3 US 0127526 W US0127526 W US 0127526W WO 0223972 A3 WO0223972 A3 WO 0223972A3
Authority
WO
WIPO (PCT)
Prior art keywords
market
electronic
subscriber
orders
contracts
Prior art date
Application number
PCT/US2001/027526
Other languages
French (fr)
Other versions
WO2002023972A9 (en
WO2002023972A2 (en
Inventor
Natalia Stavisky
Charles Grosvenor
Original Assignee
On Exchange Inc
Natalia Stavisky
Charles Grosvenor
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 On Exchange Inc, Natalia Stavisky, Charles Grosvenor filed Critical On Exchange Inc
Priority to AU2001288760A priority Critical patent/AU2001288760A1/en
Publication of WO2002023972A2 publication Critical patent/WO2002023972A2/en
Publication of WO2002023972A3 publication Critical patent/WO2002023972A3/en
Publication of WO2002023972A9 publication Critical patent/WO2002023972A9/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 system for an electronic-based market is disclosed (11). The system operates with a model where a trader (16) is designated to enter orders (10) for contracts on behalf of a subscriber (12). The model uses assets of the subscriber that are placed into an account that is accessible by the electronic market (22) to cover risks associated with trades initiated by the trader. The system includes a plurality of client stations for entering orders into the electronic market by traders and a server to receive the orders and match the orders (24) in accordance with matching criteria. The server maintains for the subscriber and the subscriber's associated traders a trading account (18) that is accessible by the electronic market. The server also includes offsetting, clearing, default, and margin protocols functions (25) to administer the market. The market uses species contracts that are derivated from a contract genus (19).
PCT/US2001/027526 2000-09-22 2001-09-05 Contracts for electronic-based market WO2002023972A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU2001288760A AU2001288760A1 (en) 2000-09-22 2001-09-05 Contracts for electronic-based market

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US66764200A 2000-09-22 2000-09-22
US09/667,642 2000-09-22

Publications (3)

Publication Number Publication Date
WO2002023972A2 WO2002023972A2 (en) 2002-03-28
WO2002023972A3 true WO2002023972A3 (en) 2002-05-30
WO2002023972A9 WO2002023972A9 (en) 2003-03-27

Family

ID=24679019

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2001/027526 WO2002023972A2 (en) 2000-09-22 2001-09-05 Contracts for electronic-based market

Country Status (2)

Country Link
AU (1) AU2001288760A1 (en)
WO (1) WO2002023972A2 (en)

Families Citing this family (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20020178102A1 (en) * 2001-03-15 2002-11-28 Larry Scheinberg Margin release system for an electronic-based market

Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US4980826A (en) * 1983-11-03 1990-12-25 World Energy Exchange Corporation Voice actuated automated futures trading exchange
US5101353A (en) * 1989-05-31 1992-03-31 Lattice Investments, Inc. Automated system for providing liquidity to securities markets
US5262942A (en) * 1990-06-05 1993-11-16 Bankers Trust Company Financial transaction network
US5463547A (en) * 1990-04-19 1995-10-31 New York Mercantile Exchange Portable trade recordation system including means for abbreviated entry of data
US5963923A (en) * 1996-11-12 1999-10-05 Garber; Howard B. System and method for trading having a principal market maker

Patent Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US4980826A (en) * 1983-11-03 1990-12-25 World Energy Exchange Corporation Voice actuated automated futures trading exchange
US5101353A (en) * 1989-05-31 1992-03-31 Lattice Investments, Inc. Automated system for providing liquidity to securities markets
US5463547A (en) * 1990-04-19 1995-10-31 New York Mercantile Exchange Portable trade recordation system including means for abbreviated entry of data
US5262942A (en) * 1990-06-05 1993-11-16 Bankers Trust Company Financial transaction network
US5963923A (en) * 1996-11-12 1999-10-05 Garber; Howard B. System and method for trading having a principal market maker

Also Published As

Publication number Publication date
WO2002023972A9 (en) 2003-03-27
AU2001288760A1 (en) 2002-04-02
WO2002023972A2 (en) 2002-03-28

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