Patent ID: 6421653
Filing Date: 2002-07-16
Classification: G06Q

Abstract:
A system for facilitating electronic trading of derivatives, comprising:a communications network operationally interconnecting a first trader and a second trader to a central processing center; a market module associated with said central processing center that provides said first and second traders with essentially real-time order information regarding more than one class of derivative, said order information including requests to buy derivatives and requests to sell derivatives, wherein said derivatives are defined utilizing symbology; a trader module associated with each of said first and second traders for receiving said real-time order information from said central processing center and presenting said real-time order information to said first and second traders; a credit preference module associated with each of said first and second traders, said credit preference modules presenting to respective said first and second traders a respective trade eligibility for each of said requests to buy and said requests to sell, wherein said trade eligibility is based upon credit preferences of both said first and second traders, and wherein said credit preferences are defined using a multi-rule measurement of credit risk; and an execution module associated with said central processing center that processes a trade initiated by one of said first and second traders which desires to trade on an order posted in said order information by the other of said first and second traders.