Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1995-06-07
1999-07-13
Cosimano, Edward R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 35, G06F 1760
Patent
active
059240822
ABSTRACT:
A negotiated matching system includes a plurality of remote terminals associated with respective potential counterparties, a communications network for permitting communication between the remote terminals, and a matching station. Each user enters trading information and ranking information into his or her remote terminal. The matching station then uses the trading and ranking information from each user to identify transactions between counterparties that are mutually acceptable based on the ranking information, thereby matching potential counterparties to a transaction. Once a match occurs, the potential counterparties transmit negotiating messages to negotiate some or all terms of the transaction. Thus, the negotiated matching system first matches potential counterparties who are acceptable to each other based on trading and ranking information, and then enables the two counterparties to negotiate and finalize the terms of a transaction.
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Donner William L.
Ordish Christopher J.
Silverman David L.
Cosimano Edward R.
Geneva Branch of Reuters Transaction Services Limited
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