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
system
customers
multi
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Withdrawn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
Priority to US54309000A priority Critical
Application filed by Currenex Inc filed Critical Currenex Inc
Priority to PCT/US2001/006186 priority patent/WO2001075658A2/en
Publication of GB0224566D0 publication Critical patent/GB0224566D0/en
Publication of GB2378024A publication Critical patent/GB2378024A/en
Application status is Withdrawn legal-status Critical

Links

Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04Exchange, e.g. stocks, commodities, derivatives or currency exchange

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)

Priority Applications (2)

Application Number Priority Date Filing Date Title
US54309000A true 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) AU3989901A (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 (4)

* 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
US7693776B2 (en) 2004-07-09 2010-04-06 Ebs Group Limited Automated trading systems

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
WO2001075658A8 (en) 2002-03-21
WO2001075658A2 (en) 2001-10-11
GB0224566D0 (en) 2002-12-04
AU3989901A (en) 2001-10-15

Similar Documents

Publication Publication Date Title
Hahn et al. The domestication of the mobile phone: oral society and new ICT in Burkina Faso
Frazzini The disposition effect and underreaction to news
Rennie Born global
Abraham Mobile phones and economic development: Evidence from the fishing industry in India
AU744159B2 (en) System for supplying automatic status updates using electronic mail
Shleifer et al. Liquidation values and debt capacity: A market equilibrium approach
Hakansson To pay or not to pay dividend
US20010032147A1 (en) Method and system for processing the local return of remotely purchased products
US20060218071A1 (en) System and method for managing trading between related entities
Baird et al. Chapter 11 at twilight
US20060085450A1 (en) Consistent set of interfaces derived from a business object model
Sandholm Automated negotiation
US20140337200A1 (en) Method and system for providing option spread indicative quotes
TW464809B (en) Systems and digital computers for facilitating trade in goods and/or services
Fisch Can Internet offerings bridge the small business capital barrier
Pettway et al. Mergers in Japan and their impacts upon stockholders' wealth
Petri The regional clustering of foreign direct investment and trade
Ellegård et al. Rural people pay for solar: experiences from the Zambia PV-ESCO project
US20120296847A1 (en) Method and system for generating and trading derivative investment instruments based on a volatility arbitrage benchmark index
Aggarwal et al. Demutualization and public offerings of financial exchanges
TW544609B (en) Electronic trading systems and methods
WO2002037390A2 (en) Network and method for trading derivatives
CA2523547A1 (en) Activity-driven, customer profitability calculation system
Teece Multinational enterprise, internal governance, and industrial organization
GB2392522A (en) Systems and methods for bid/offer spread trading

Legal Events

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