Computer based matching system for party and counterparty...

Details Computer based matching system for party and counterparty... Computer based matching system for party and counterparty...

2007-03-20

2007-03-20

Gaffin, Jeffrey A (Department: 2161)

Data processing: database and file management or data structures

Database design

Data structure types

C707S793000

Reexamination Certificate

active

09936366

ABSTRACT:
A computer based system is disclosed which enables a buyer and a seller to be efficiently matched. The system can comprise a web based foreign exchange platform in which parties and counterparties post their requirements. A computer identifies and matches reciprocal, offsetting positions and effects a trade at a price which is the mid-point of the Interbank bid/offer spread. The system is fast, efficient and fair, as well as being significantly cheaper than conventional foreign exchange systems.

REFERENCES:
patent: 5852812 (1998-12-01), Reeder
patent: 5920847 (1999-07-01), Kolling et al.
patent: 6282522 (2001-08-01), Davis et al.
patent: 6721715 (2004-04-01), Nemzow

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