Patent ID: 8195544
Filing Date: 2012-06-05
Classification: G06Q

Abstract:
1. A computerised trading system for trading instruments between parties comprising: at least one matching engine computer connected to a network, the at least one matching engine computer being configured to receive bid and offer orders from a plurality of order input terminals, the order input terminals comprising a plurality of trader order input terminals for inputting orders from traders, and at least one broker order input terminal for trading on behalf of a plurality of clients, the at least one matching engine computer matching the received bid and offer orders and executing deals where orders are matched; and one or more market distributor computers distributing order price messages to the order input terminals, the one or more market distributor computers being responsive to the order information and the matching engine computer, wherein trades conducted between trader order input terminals are anonymous as to the parties until completion of a trade, and trades in which the broker order input terminal is a party require disclosure of the parties to the trade prior to completion of the trade.