Patent ID: 7822677
Filing Date: 2010-10-26
Classification: G06Q

Abstract:
1. A computer-implemented method of price-based trading of financial instruments, the method comprising: displaying a list creation display that allows an initiator to enter a price-based inquiry list of financial instruments of buying or selling interest, wherein each financial instrument on the price-based inquiry list has an associated volume; transmitting the price-based inquiry list to a plurality of dealers; displaying a list response display that allows each of the plurality of dealers to enter at least one offer or bid on at least one financial instrument on the price-based inquiry list; starting an initiator-selected time period for receiving the at least one offer or bid for financial instruments on the price-based inquiry list from each of the plurality of dealers; in response to receiving two or more offers or bids for the at least one financial instrument on the price-based inquiry list, selecting a response for each financial instrument on the price-based inquiry list from the two or more offers or bids; holding the selected response for each financial instrument on the price-based inquiry list from being displayed to the initiator until the initiator-selected time period has elapsed; in response to the initiator-selected time period elapsing, displaying the selected response and an associated price for each financial instrument on the price-based inquiry list to the initiator, wherein the associated price for each financial instrument on the price-based inquiry list is automatically calculated based on the selected response; and in response to receiving one or more responses from the initiator on the selected response and the associated price for each financial instrument on the price-based inquiry list, transmitting a notification to the initiator and the plurality of dealers indicating whether each financial instrument on the price-based inquiry list was traded.