Patent ID: 7197483
Filing Date: 2007-03-27
Classification: G06Q

Abstract:
1. A method for electronically trading derivatives comprising: (a) providing a computer network of electronic communication between market makers, subscribers, a network managing station and at least one exchange; (b) making queries to at least one of the market makers by at least one of the subscribers by way of the computer network regarding a: (c) initiating a query to at least one of the market makers, the query comprising an indication to trade by one of the subscribers; (d) receiving responses by the subscriber from the market maker to the indication to trade; (e) displaying the responses at a plurality of subscriber stations; (f) accepting one of the responses to the indication to trade by the subscriber thereby agreeing that the acceptance of the response to the indication to trade will be forwarded to the exchange as an order by the subscriber and a binding quote by the market maker; (g) submitting the binding quote to the exchange; (h) matching and clearing the orders and the binding quote at the exchange; (i) confirming a trade to the subscriber and the market maker.