Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1996-03-25
1999-09-07
MacDonald, Allen R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 36, 705 35, G06F 1760
Patent
active
059501766
ABSTRACT:
The present invention discloses a method, apparatus, and article of manufacture for a computer-implemented financial management system that permits the trading of securities via a network. A server computer receives buy and sell orders for derivative financial instruments from a plurality of client computers. The server computer matches the buy orders to the sell orders and then generates a market price through the use of a virtual specialist program executed by the server computer. The virtual specialist program responds to an imbalance in the matching of the buy and sell orders.
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Burns Michael R.
Keiser Timothy Maxwell
Crecca Michele Stuckey
HSX, Inc.
MacDonald Allen R.
LandOfFree
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