Patent ID: 6519574
Filing Date: 2003-02-11
Classification: G06Q,Y10S

Abstract:
An electronic trading system comprising:a plurality of trader terminals for receiving credit parameter data, arbitrage parameter data, and trading data from a trading entity and displaying trade information to the trading entity, said trading data including bid and/or offer information input by the trading entity; a computer connected to said plurality of trader terminals via a communications network, said computer receiving and storing said credit parameter data and said trading data from said plurality of trader terminals; detecting means for automatically detecting an available arbitrage transaction in accordance with said arbitrage parameter data, said available arbitrage transaction including a plurality of trades based on said credit parameter data, said arbitrage parameter data, and said trading data; executing means for automatically executing said available arbitrage transaction by excuting all of said plurality of trades, wherein said executing means includes locking means by which all trades necessary to complete a detected arbitrage opportunity are locked prior to execution of any of said all trades to ensure that said all trades remain available during the execution of said detected arbitrage transaction, wherein said executing means will not perform any trades of said detected arbitrage transaction unless said all trades are locked.