Systems and methods for market order volume clearing in...

Details Systems and methods for market order volume clearing in... Systems and methods for market order volume clearing in...

2011-06-28

2011-06-28

Kramer, James A (Department: 3693)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

Reexamination Certificate

active

07970693

ABSTRACT:
Systems and methods for market order volume clearing in online trading of credit derivatives are disclosed. In one embodiment, a method for market order volume clearing may comprise: selecting, from a plurality of credit derivatives, at least one most liquid credit derivative; determining a volume clearing price level for the selected credit derivative; inviting trading clients of the electronic trading system to submit, within a time limit, buy orders and sell orders for the selected credit derivative at the volume clearing price level, each buy order or sell order specifying a desired volume; matching the buy orders and the sell orders submitted within the time limit to maximize a total notional amount of the selected credit derivative that can be traded at the volume clearing price level; and completing trades at the volume clearing price level according to the matching of orders.

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patent: 2001/0037284 (2001-11-01), Finkelstein et al.
patent: 2002/0099651 (2002-07-01), May
patent: 2006/0036534 (2006-02-01), Hirani et al.

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