首页>
外国专利>
SYSTEMS AND METHODS FOR DYNAMIC FORMATION OF ANONYMOUS MARKET FOR OVER-THE-COUNTER TRADING
SYSTEMS AND METHODS FOR DYNAMIC FORMATION OF ANONYMOUS MARKET FOR OVER-THE-COUNTER TRADING
展开▼
机译:为动态形成的系统和方法匿名的场外交易市场
展开▼
页面导航
摘要
著录项
相似文献
摘要
Described herein are illustrative embodiments of a computer-implemented system realizing a specific approach to over-the-counter (OTC) trading of financial instruments, which may use an anonymous data collection protocol, multiple discrete phases of trading activity with computerized controls over what parties are permitted to participate in each phase, and/or computerized timers to govern transitions between such phases to overcome or mitigate long-standing disadvantages of conventional oral trading techniques. In contrast to conventional OTC approaches that involve manual, verbal discussions of trades only between pairs of parties, some embodiments described herein include a computer-implemented system for exchanging information regarding potential OTC trades of a financial instrument so as to dynamically form a temporary market between multiple parties for OTC trade of the financial instrument. Following trading and/or expiration of a timer, the temporary market is terminated, preventing further trading in the temporary market.
展开▼