WO2009089358A3 - Automatic financial instrument transaction system - Google Patents

Automatic financial instrument transaction system Download PDF

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Publication number
WO2009089358A3
WO2009089358A3 PCT/US2009/030449 US2009030449W WO2009089358A3 WO 2009089358 A3 WO2009089358 A3 WO 2009089358A3 US 2009030449 W US2009030449 W US 2009030449W WO 2009089358 A3 WO2009089358 A3 WO 2009089358A3
Authority
WO
WIPO (PCT)
Prior art keywords
financial instrument
transaction system
type
instrument transaction
automatic financial
Prior art date
Application number
PCT/US2009/030449
Other languages
French (fr)
Other versions
WO2009089358A2 (en
Inventor
Howard W. Lutnick
Michael Sweeting
Joseph C. Noviello
Original Assignee
Bgc Partners, 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 claimed from US12/014,027 external-priority patent/US20090182658A1/en
Application filed by Bgc Partners, Inc. filed Critical Bgc Partners, Inc.
Priority to EP09700433A priority Critical patent/EP2245587A4/en
Publication of WO2009089358A2 publication Critical patent/WO2009089358A2/en
Publication of WO2009089358A3 publication Critical patent/WO2009089358A3/en

Links

Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION 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
    • G06Q40/00Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/06Asset management; Financial planning or analysis

Abstract

A computer-based transaction system manages representations of a plurality of positions in a first type of financial instrument, such as bond future contracts. From time to time, transaction system converts traders' positions in the first type of financial instrument into corresponding positions in a second type of financial instrument, such as bonds. Later, the transaction system converts each position in the second type of financial instrument into a position in the first type of financial instrument.
PCT/US2009/030449 2008-01-09 2009-01-08 Automatic financial instrument transaction system WO2009089358A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
EP09700433A EP2245587A4 (en) 2008-01-09 2009-01-08 Automatic financial instrument transaction system

Applications Claiming Priority (8)

Application Number Priority Date Filing Date Title
US2013808P 2008-01-09 2008-01-09
US61/020,138 2008-01-09
US2037408P 2008-01-10 2008-01-10
US61/020,374 2008-01-10
US12/014,027 US20090182658A1 (en) 2008-01-14 2008-01-14 Automatic financial instrument transaction system
US12/014,027 2008-01-14
US2259108P 2008-01-22 2008-01-22
US61/022,591 2008-01-22

Publications (2)

Publication Number Publication Date
WO2009089358A2 WO2009089358A2 (en) 2009-07-16
WO2009089358A3 true WO2009089358A3 (en) 2009-12-30

Family

ID=40853763

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2009/030449 WO2009089358A2 (en) 2008-01-09 2009-01-08 Automatic financial instrument transaction system

Country Status (2)

Country Link
EP (1) EP2245587A4 (en)
WO (1) WO2009089358A2 (en)

Families Citing this family (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US10453131B2 (en) 2011-02-28 2019-10-22 Nyse Group, Inc. Apparatuses, methods and systems for a locked-in trade facilitation engine
US8738503B2 (en) * 2011-11-08 2014-05-27 Chicago Mercantile Exchange Inc. Multiple coupon interest rate futures contracts
US8930267B1 (en) 2012-08-27 2015-01-06 Jpmorgan Chase Bank, N.A. Automated transactions clearing system and method
US20140258071A1 (en) * 2013-03-08 2014-09-11 Chicago Board Options Exchange, Incorporated Method and system for creating and trading seller-paid margin derivative investment instruments

Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20020156719A1 (en) * 2000-11-17 2002-10-24 Market Axess Inc., Method and apparatus for trading bonds
US20030110107A1 (en) * 2001-12-06 2003-06-12 Hiatt John C. Delayed start financial instrument and method for converting delayed start financial instrument to a standard option
US20040199451A1 (en) * 2003-03-20 2004-10-07 Chicago Board Of Trade Municipal note index future
US20060224492A1 (en) * 2005-04-01 2006-10-05 De Novo Markets Limited Trading and settling enhancements to the standard electronic futures exchange market model leading to novel derivatives including on exchange ISDA type interest rate derivatives and second generation bond like futures based in part or entirely on them
US20070011068A1 (en) * 2005-07-08 2007-01-11 Zajkowski Jeffrey J Method and system for net share settlement of a convertible bond
US20070219882A1 (en) * 1997-10-14 2007-09-20 May R R Systems, methods and computer program products for electronic trading of financial instruments

Patent Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20070219882A1 (en) * 1997-10-14 2007-09-20 May R R Systems, methods and computer program products for electronic trading of financial instruments
US20020156719A1 (en) * 2000-11-17 2002-10-24 Market Axess Inc., Method and apparatus for trading bonds
US20030110107A1 (en) * 2001-12-06 2003-06-12 Hiatt John C. Delayed start financial instrument and method for converting delayed start financial instrument to a standard option
US20040199451A1 (en) * 2003-03-20 2004-10-07 Chicago Board Of Trade Municipal note index future
US20060224492A1 (en) * 2005-04-01 2006-10-05 De Novo Markets Limited Trading and settling enhancements to the standard electronic futures exchange market model leading to novel derivatives including on exchange ISDA type interest rate derivatives and second generation bond like futures based in part or entirely on them
US20070011068A1 (en) * 2005-07-08 2007-01-11 Zajkowski Jeffrey J Method and system for net share settlement of a convertible bond

Non-Patent Citations (1)

* Cited by examiner, † Cited by third party
Title
See also references of EP2245587A4 *

Also Published As

Publication number Publication date
EP2245587A2 (en) 2010-11-03
WO2009089358A2 (en) 2009-07-16
EP2245587A4 (en) 2012-09-26

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