Credit management for electronic brokerage system

Details Credit management for electronic brokerage system Credit management for electronic brokerage system

1992-02-03

1994-12-20

Envall, Jr., Roy N.

Boots, shoes, and leggings

34082526, 34082527, G06F 1521

Patent

active

053750551

ABSTRACT:
An anonymous trading system identifies the best bids and offers from those counterparties with which each party is currently eligible to deal, while maintaining the anonymity of the potential counterparty and the confidentiality of any specific credit limitations imposed by the anonymous potential counterparty. To that end, each bid or offer for a particular type of financial instrument is prescreened by the system for compatibility with limited credit information (for example, a one bit flag indicating whether a predetermined limit has already been exceeded) and an anonymous "Dealable" price is calculated for each of the traders dealing with that particular financial instrument.

REFERENCES:
patent: 4942616 (1990-07-01), Linstroth et al.
patent: 4980826 (1990-12-01), Wagner
Perkins, et al; "Nordex: Automated Trading for Nordic Equities" Computers in the City; 1989 (London, 14-16 Nov. 1989).
"Quotron Introduces New Foreign Exchanges Dealing System" Electronic Banking & Finance; Jul. 1990, NL pp. 3-4.

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