WO2002059711A3 - Method and system of anonymously trading securities on-line - Google Patents
Method and system of anonymously trading securities on-line Download PDFInfo
- 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
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)
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.
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)
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)
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 |
-
2001
- 2001-11-28 WO PCT/US2001/044235 patent/WO2002059711A2/en not_active Application Discontinuation
Patent Citations (6)
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 |
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