Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2007-10-01
2010-10-19
Poinvil, Frantzy (Department: 3696)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S030000
Reexamination Certificate
active
07818248
ABSTRACT:
A computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station in the network acts as a facilitator for the market makers and subscribers to make a trade at an Exchange. In another embodiment the network managing station consummates the trade between a market maker and a subscriber by matching binding quotes and orders and clears the trade at an Exchange. The computer network for electronically trading derivative comprises: (a) network managing station; (b) one or more market maker stations; (c) one or more subscriber stations; (d) one or more Exchanges. The network managing station connects market makers and subscribers for making real time indicative quotes, issuing requests for quotes, obtaining binding quotes and wherein the market maker and subscriber are in communication with an Exchange for sending binding quotes and orders to the Exchange for clearing and confirming transactions.
REFERENCES:
patent: 5794207 (1998-08-01), Walker et al.
patent: 5924082 (1999-07-01), Silverman et al.
patent: 5950176 (1999-09-01), Keiser et al.
patent: 6018722 (2000-01-01), Ray et al.
patent: 6049783 (2000-04-01), Segal et al.
patent: 6195647 (2001-02-01), Martyn et al.
patent: 6236972 (2001-05-01), Shkedy
patent: 6272474 (2001-08-01), Garcia
patent: 6317727 (2001-11-01), May
patent: 6321212 (2001-11-01), Lange
patent: 6347307 (2002-02-01), Sandhu et al.
patent: 6421653 (2002-07-01), May
patent: 6505174 (2003-01-01), Keiser et al.
patent: 6539362 (2003-03-01), Patterson et al.
patent: 6618707 (2003-09-01), Gary
patent: 6625583 (2003-09-01), Silverman et al.
patent: 7340430 (2008-03-01), Mulinder et al.
patent: 2001/0032163 (2001-10-01), Fertik et al.
patent: 2001/0034695 (2001-10-01), Wilkinson
patent: 2001/0042036 (2001-11-01), Sanders
patent: 2001/0044771 (2001-11-01), Usher et al.
patent: 2002/0002530 (2002-01-01), May
patent: 2002/0016760 (2002-02-01), Pathak
patent: 2002/0069155 (2002-06-01), Nafeh et al.
patent: 2002/0099651 (2002-07-01), May
patent: 2002/0116317 (2002-08-01), May
patent: 2002/0128955 (2002-09-01), Brady et al.
patent: 2002/0138390 (2002-09-01), May
patent: 2002/0156719 (2002-10-01), Finebaum et al.
patent: 2002/0169703 (2002-11-01), Lutnick et al.
patent: 2002/0174055 (2002-11-01), Dick et al.
patent: 2003/0004853 (2003-01-01), Ram et al.
patent: 2003/0023536 (2003-01-01), Hollerman et al.
patent: 2003/0028476 (2003-02-01), Jenkins et al.
patent: 2003/0033212 (2003-02-01), Sandhu et al.
patent: 2003/0033240 (2003-02-01), Balson et al.
patent: 2003/0061148 (2003-03-01), Alavian
patent: 2003/0069836 (2003-04-01), Penney et al.
patent: 2003/0083978 (2003-05-01), Brouwer
patent: 2003/0093343 (2003-05-01), Huttenlocher et al.
patent: 2003/0093360 (2003-05-01), May
patent: 2003/0097328 (2003-05-01), Lundberg et al.
patent: 2003/0101125 (2003-05-01), McGill et al.
patent: 2003/0115128 (2003-06-01), Lange et al.
patent: 2003/0216932 (2003-11-01), Foley
patent: 2003/0220868 (2003-11-01), May
patent: 2002-056185 (2002-02-01), None
patent: 2002-149981 (2002-05-01), None
patent: 2002-329074 (2002-11-01), None
patent: WO 01/54040 (2001-07-01), None
Barron's, Nov. 4, 1991, “Derivatives Drive New Network”, Barron's, 71, 44, ABI/INFORM Global, pp. 36-37.
Domowitz, Ian, 1995, “Electronic Derivatives Exchanges: Implicit Mergers, Network Externalities, and Standardization”, The Quarterly Review of Economics and Finance, vol. 35, No. 2, Summer, 1995, pp. 163-175.
Senior, Adriana, Jun. 11, 1999, “Morgan Buying Into Network for On-Line Security Trades”, American Banker, New York, NY, Jun. 11, 1999, vol. 164, Iss. 111; p. 1, obtained at the internet address: <http://www.proquest.umi.com/pqdlink?index=26&sid=1&srchmode=3&vinst=PROD&fmt=3&st....>, Mar. 25, 2004, 3 pages.
SwapsWire, Press Releases, Apr. 10, 2000, “Leading derivative dealers announce SwapsWire—a pioneering interest rate derivatives electronic dealing network”, obtained at the internet address: <http://www.swapswire.com/press/10—04—00.asp>, Mar. 18, 2004, 2 pages.
Guardian Unlimited, The Guardian, Apr. 11, 2000, “Banks plan trading network for $52 trillion derivatives”, obtained at the internet address: <http://vvww.guardian.co.uk/business/story/0,3604,178019,00.html>, Mar. 18, 2004, 2 pages.
Financial News Online, May 29, 2000, “Creditex Widens Access”, obtained at the internet address: <http://www.efinancialnews.com/index.cfm?...>, Mar. 29, 2004, 1 page.
Ostrovsky, Arkady, Jun. 28, 2000, “Working towards a seamless link: GLOBAL PROTOCOL by Arkady Ostrovsky: A project aimed at automating the flow of information across the entire derivatives network will deal initially interest rate swaps, with other products being incorporated into the standard over time [Surveys edition]”, Financial Times, London, Jun. 28, 2000, p. 4, obtained at the internet address: <http://proquest.umi.com/pqdlink?index=1&sid=1&srchmode=1&vinst=PROD&fmt=3&sta...>, Mar. 25, 2004, 3 pages.
Looksmart, Business Wire, Nov. 7, 2000, “onExchange Selects Exodus to Host Online Derivatives Exchange; Leading Online Derivatives Exchange Optimizes Network Performance by Selecting Leader in Complex Internet Hosting”, obtained at the internet address: <http://www.findarticles.com/cf—0/m0EIN/2000—Nov—7/66657629/p1/article.jhtml>, Mar. 25, 2004, 3 pages.
Wall Street & Technology Online, Sep. 11, 2003, “Electronic Trading Newsflashes”, obtained at the internet address: <http://www.wstonline.com/printableArticle/;jsessionid=ILJHDTNYRJNVMQSNDBCCKHY?doc—id=14...>, Dec. 5, 2003, 1 page.
Wall Street & Technology Online, Dec. 4, 2003, “Electronic-Trading Newsflashes”, obtained at the internet address: <http://www.wstonline.com/printableArticle/;jsessionid=NA3QPNTTNKCOIQSNDBCCK...>, Dec. 5, 2003, 2 pages.
Sungard, “InTrader—The integrated, real-time solution for bank treasury and portfolio management”, Sungard Securities Processing publication, 2003, 2 pages.
Network Magazine India, “Case Study: BSE implements intelligent switching architecture—Combining networks intelligently”, obtained at the internet address: <http://www.expresscomputeronline.com/cgi-bin/ecprint/MasterPFP.cgi?doc=>, Dec. 5, 2003, 3 pages.
Network Magazine India, “BSE The Stock Exchange, Mumbai—Network Diagram”, obtained at the internet address: <http://www.networkmagazineindia.com/200302/20030206bse.jpg>, Dec. 5, 2003, 1 page.
Orc Software, “ExNet Network”, obtained at the internet address: <http://www.orcsoftware.com/Products/ExNetPIPNetwork.htm>, Dec. 5, 2003, 1 page.
Orc Software, “Orc Futures”, obtained at the internet address: <http://www.orcsoftware.com/Products/OrcFutures.htm>, Dec. 5, 2003, 1 page.
Orc Software, “Orc Liquidator”, obtained at the internet address: <http://www.orcsoftware.com/Products/OrcLiquidator.htm>, Dec. 5, 2003, 1 page.
Orc Software, “Orc Technology”, obtained at the internet address: <http://www.orcsoftware.com/Technology/index.htm>, Dec. 5, 2003, 2 pages.
Orc Software, “Chicago Board of Trade certifies Orc Software for its electronic trading platform”, obtained at the internet address: <http://www.orcsoftware.com/Company/PNR/PNR—031106—e-cbot—eng.htm>, Dec. 5, 2003, 2 pages.
Silicon Valley Biz Ink, “NYFIX, Inc. Routes OTC Orders to American Stock Exchange”, obtained at the internet address: <http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=SVBIZINK3.story&STORY=/www/story/11-24-2...>, Dec. 5, 2003, 2 pages.
Sungard, “Panorama EQN”, obtained at the internet address: <http://www.sungard.com/products&
Brady Neal
Carey Noah
Erwin William R.
Gilmore John
Quattrocki Michael
Brinks Hofer Gilson & Lione
Chicago Mercantile Exchange Inc.
Poinvil Frantzy
LandOfFree
Network and method for trading derivatives does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Network and method for trading derivatives, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Network and method for trading derivatives will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4215034