WO2006002294A3 - Methods and apparatus for online foreign currency exchange - Google Patents

Methods and apparatus for online foreign currency exchange Download PDF

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Publication number
WO2006002294A3
WO2006002294A3 PCT/US2005/022187 US2005022187W WO2006002294A3 WO 2006002294 A3 WO2006002294 A3 WO 2006002294A3 US 2005022187 W US2005022187 W US 2005022187W WO 2006002294 A3 WO2006002294 A3 WO 2006002294A3
Authority
WO
WIPO (PCT)
Prior art keywords
address
market
participants
methods
deliverable
Prior art date
Application number
PCT/US2005/022187
Other languages
French (fr)
Other versions
WO2006002294A2 (en
Inventor
Eric Hirschhorn
Chris Carrol
Arvind Narayan
David Tazartes
Brian Bernstein
Original Assignee
Eric Hirschhorn
Chris Carrol
Arvind Narayan
David Tazartes
Brian Bernstein
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 Eric Hirschhorn, Chris Carrol, Arvind Narayan, David Tazartes, Brian Bernstein filed Critical Eric Hirschhorn
Publication of WO2006002294A2 publication Critical patent/WO2006002294A2/en
Publication of WO2006002294A3 publication Critical patent/WO2006002294A3/en

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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

Abstract

Objects of the invention comprise: (1) address limited price transparency; (2) address the market share domination held by the major banks; (3) address the failed competitive efforts of the past; and (4) address the cost problem associated with currency transactions. Various aspects of the invention address these issues. By way of example only, the software implementation of the present invention provides more price transparency to market action than previous systems; the non-deliverable forward aspect of the invention addresses the settlement cost issue; and the open-to-all-participants aspect of the invention addresses the oligopoly and profit structure issues. In one aspect, the invention comprises a non­-deliverable currency system open to all market participants with full market depth.
PCT/US2005/022187 2004-06-22 2005-06-22 Methods and apparatus for online foreign currency exchange WO2006002294A2 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US58236704P 2004-06-22 2004-06-22
US60/582,367 2004-06-22

Publications (2)

Publication Number Publication Date
WO2006002294A2 WO2006002294A2 (en) 2006-01-05
WO2006002294A3 true WO2006002294A3 (en) 2007-01-18

Family

ID=35782334

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2005/022187 WO2006002294A2 (en) 2004-06-22 2005-06-22 Methods and apparatus for online foreign currency exchange

Country Status (1)

Country Link
WO (1) WO2006002294A2 (en)

Families Citing this family (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US11406242B2 (en) 2020-04-14 2022-08-09 Whirlpool Corporation Dishwasher with sound attenuation
CN112328424B (en) * 2020-12-03 2022-05-06 之江实验室 Intelligent anomaly detection method and device for numerical data

Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5168446A (en) * 1989-05-23 1992-12-01 Telerate Systems Incorporated System for conducting and processing spot commodity transactions
US6343278B1 (en) * 1998-09-04 2002-01-29 Ebs Dealing Resources, Inc. Combined order limit for a group of related transactions in an automated dealing system
US20030147309A1 (en) * 2002-02-06 2003-08-07 Philip Weisberg Electronic market calendar

Patent Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5168446A (en) * 1989-05-23 1992-12-01 Telerate Systems Incorporated System for conducting and processing spot commodity transactions
US6343278B1 (en) * 1998-09-04 2002-01-29 Ebs Dealing Resources, Inc. Combined order limit for a group of related transactions in an automated dealing system
US20030147309A1 (en) * 2002-02-06 2003-08-07 Philip Weisberg Electronic market calendar

Also Published As

Publication number Publication date
WO2006002294A2 (en) 2006-01-05

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