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
Application number
PCT/US2001/044235
Other languages
French (fr)
Other versions
WO2002059711A2 (en
Inventor
Mark E Bowles
Nicholas J Taddeo
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

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 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 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 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

Similar Documents

Publication Publication Date Title
CN103748573B (en) Method and system for reducing redirects
US7540021B2 (en) System and methods for an identity theft protection bot
WO2009064995A3 (en) Large block trading
WO2001071459A3 (en) Method and system for a network-based securities marketplace
AU4099501A (en) A data transfer and management system
WO2006045060A3 (en) System and method for resolving transactions
WO2004057440A3 (en) System and method for below-market trading
WO2005059843A3 (en) Electronic marketplace for trading credit default swaps and other financial instruments, including a trade management service system
WO2005004016A3 (en) Data processing system for transmitting of payment advice data
WO2001073528A3 (en) Method and apparatus for sending and tracking resume data ont the intranet
WO2000073876A3 (en) Secure data exchange between data processing systems
WO2002097586A3 (en) Active transaction generation, processing, and routing system
EP1936893A3 (en) Method and device for presence management
WO2003013045A8 (en) System and method for processing product orders placed through a network
HUP0301769A2 (en) Rapid valuation of portfolios of assets such as financial instruments
WO2003012595A3 (en) Registration apparatus and method, as for voting
WO2005124630A3 (en) Transaction accounting processing system and approach
FI20035218A0 (en) Configuring the terminal
WO2005055002A3 (en) Latency-aware asset trading system
WO2002037221A3 (en) Differential commission and electronic order matching process for the distribution of primary market fixed income securities
AU4388897A (en) Method and system for ensuring the security of the remote supply of services of financial institutions
WO2006066257A3 (en) Management of network devices via email
WO2006089084A3 (en) Method and apparatus for accessing transaction data in a travel settlement system using a graphical user interface
WO2003050649A3 (en) Web-based payment system and method
WO2002075489A3 (en) Online trading system having ally-initiated trading

Legal Events

Date Code Title Description
AK Designated states

Kind code of ref document: A2

Designated state(s): CA JP

AL Designated countries for regional patents

Kind code of ref document: A2

Designated state(s): AT BE CH CY DE DK ES FI FR GB GR IE IT LU MC NL PT SE TR

121 Ep: the epo has been informed by wipo that ep was designated in this application
32PN Ep: public notification in the ep bulletin as address of the adressee cannot be established

Free format text: COMMUNICATION PURSUANT TO RULE 69(1) EPC (EPO FORM 1205A DATED 11.09.2003)

122 Ep: pct application non-entry in european phase
NENP Non-entry into the national phase

Ref country code: JP

WWW Wipo information: withdrawn in national office

Country of ref document: JP