GB2378024A - System for multi-bid foreign exchange workflow automation - Google Patents

System for multi-bid foreign exchange workflow automation Download PDF

Info

Publication number
GB2378024A
GB2378024A GB0224566A GB0224566A GB2378024A GB 2378024 A GB2378024 A GB 2378024A GB 0224566 A GB0224566 A GB 0224566A GB 0224566 A GB0224566 A GB 0224566A GB 2378024 A GB2378024 A GB 2378024A
Authority
GB
United Kingdom
Prior art keywords
foreign exchange
dealers
customers
bid
execution
Prior art date
Legal status (The legal status 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 status listed.)
Withdrawn
Application number
GB0224566A
Other versions
GB0224566D0 (en
Inventor
Lori Mirek
Larry Wentz
James Kleckner
William Specht
Matthew Arrott
Alan Bram
Eric Strellis
Ted Sanborn
Jeffrey Walker
Kevin Young
George Kopf
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
Currenex Inc
Original Assignee
Currenex 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 Currenex Inc filed Critical Currenex Inc
Publication of GB0224566D0 publication Critical patent/GB0224566D0/en
Publication of GB2378024A publication Critical patent/GB2378024A/en
Withdrawn legal-status Critical Current

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

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Finance (AREA)
  • Engineering & Computer Science (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Marketing (AREA)
  • Strategic Management (AREA)
  • Technology Law (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
  • Management, Administration, Business Operations System, And Electronic Commerce (AREA)

Abstract

A distributed network system supporting foreign exchange execution is described. The system allows customers to receive competitive price quotes to meet foreign exchange needs from dealers through a multi-bid foreign exchange execution process. This process encourage dealers to place more competitive price quotes while also increasing the number of price quote requests that dealers receive from their customers. The resultant win-win situation, as well as lower handling costs afforded by automatic exchange of settlement information makes the system attractive to both customers and dealers. Embodiments of the invention can be used to support foreign exchange workflow automation within a business concern. The system can be integrated with other enterprise systems to provide efficient execution that reduces the likelihood of errors, increases oversight of traders, and can reduce trading costs.

Description

(57) A distributed network system supporting foreign exchange execution is
described. The system allows customers to receive competitive price quotes to meet foreign exchange needs from dealers through a multi-bid foreign exchange execution process. This process encourage dealers to place more competitive price quotes while also increasing the number of price quote requests that dealers receive from their customers. The resultant win-win situation, as well as lower handling costs afforded by automatic exchange of settlement information makes the system attractive to both customers and dealers. Embodiments of the invention can be used to support foreign exchange workflow automation within a business concern. The system can be integrated with other enterprise systems to provide efficient execution that reduces the likelihood of errors, increases oversight of traders, and can reduce trading costs.
GB0224566A 2000-04-04 2001-02-26 System for multi-bid foreign exchange workflow automation Withdrawn GB2378024A (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US54309000A 2000-04-04 2000-04-04
PCT/US2001/006186 WO2001075658A2 (en) 2000-04-04 2001-02-26 System for multi-bid foreign exchange workflow automation

Publications (2)

Publication Number Publication Date
GB0224566D0 GB0224566D0 (en) 2002-12-04
GB2378024A true GB2378024A (en) 2003-01-29

Family

ID=24166538

Family Applications (1)

Application Number Title Priority Date Filing Date
GB0224566A Withdrawn GB2378024A (en) 2000-04-04 2001-02-26 System for multi-bid foreign exchange workflow automation

Country Status (3)

Country Link
AU (1) AU2001239899A1 (en)
GB (1) GB2378024A (en)
WO (1) WO2001075658A2 (en)

Cited By (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8682780B2 (en) 2011-08-16 2014-03-25 Sl-X Technology Uk Ltd. Systems and methods for electronically initiating and executing securities lending transactions
US8706610B2 (en) 2011-08-16 2014-04-22 Sl-X Technology Uk Ltd. Systems and methods for electronically initiating and executing securities lending transactions
US10074131B2 (en) 2004-03-05 2018-09-11 N. Caleb Avery Systems and methods for requesting a reservation for a set of debt instruments to be offered

Families Citing this family (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7970689B2 (en) 2000-11-17 2011-06-28 Scale Semiconductor Flg, L.L.C. Single-period auctions network decentralized trading system and method
US7184984B2 (en) 2000-11-17 2007-02-27 Valaquenta Intellectual Properties Limited Global electronic trading system
DE10393598T5 (en) 2002-10-29 2005-11-10 Ebs Group Ltd. trading system
JP5246993B2 (en) 2004-07-09 2013-07-24 イー ビー エス グループ リミテッド Electronic trading system and method for trading on electronic trading system
US11373239B1 (en) * 2020-09-30 2022-06-28 Wells Fargo Bank, N.A. Real-time currency exchange system

Cited By (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US10074131B2 (en) 2004-03-05 2018-09-11 N. Caleb Avery Systems and methods for requesting a reservation for a set of debt instruments to be offered
US10127611B2 (en) 2004-03-05 2018-11-13 N. Caleb Avery Method and system for requesting a reservation for a set of contract rights to be offered
US8682780B2 (en) 2011-08-16 2014-03-25 Sl-X Technology Uk Ltd. Systems and methods for electronically initiating and executing securities lending transactions
US8706610B2 (en) 2011-08-16 2014-04-22 Sl-X Technology Uk Ltd. Systems and methods for electronically initiating and executing securities lending transactions

Also Published As

Publication number Publication date
AU2001239899A1 (en) 2001-10-15
WO2001075658A8 (en) 2002-03-21
GB0224566D0 (en) 2002-12-04
WO2001075658A2 (en) 2001-10-11

Similar Documents

Publication Publication Date Title
US8521627B2 (en) Systems and methods for facilitating electronic securities transactions
WO2001050776A3 (en) System and method for implementing foreign exchange currency forwards
GB2399430A (en) Systems and methods for shifting bids and offers in a trading interface
GB2366642A (en) Systems and methods for electronic trading that provide incentives and linked auctions
GB2392532A (en) Methods and systems for trading of futures contracts for intangible assets
WO2006127545A3 (en) System for automatically distributing a trading order over a range of prices
CN101098341A (en) Methods and apparatus for interactively streaming data from a database
WO2003087974A3 (en) Computerized trading system and method useful therefor
GB2378024A (en) System for multi-bid foreign exchange workflow automation
CN106600373A (en) Commodity transaction data processing method based on instant communication and system thereof
WO2000054198A8 (en) Method for managing risk in markets related to commodities delivered over a network
WO2002103489A3 (en) Foreign exchange covered warrant system and structure
La Rovere Diffusion of information technologies and changes in the telecommunications sector: The case of Brazilian small‐and medium‐sized enterprises
EP1351205A4 (en) Advertisement distribution system
JP2002197281A (en) Device and method of automatic relative transaction between network
WO2006017660A3 (en) Managing risk associated with ownership of hsares in a company
Lèbre La Rovere Diffusion of information technologies and changes in the telecommunications sector: The case of Brazilian small‐and medium‐sized enterprises
Novoszath How Effective the Hungarian Subsidy System in the Strengthening of Economic Development of Hungary?
Spendlove Quality, standards and survival
Hitchcock CreaTIFity helps cities find development dollars.
Lee An Analysis the Role between the Buyer and Seller in the Field of e-Trade
Gogoi Ameritrade Might Just Claw Its Way Back
Collins New platform for CBOT
Hall et al. Making Sense of Buy–Sell Agreements
Abbott Jr The outlook for 1998 United States corporate earnings

Legal Events

Date Code Title Description
WAP Application withdrawn, taken to be withdrawn or refused ** after publication under section 16(1)