Patent ID: 8175957
Filing Date: 2012-05-08
Classification: G06Q

Abstract:
1. An electronic trading system for facilitating trading in a financial instrument in response to an anonymous request by a requesting dealer for pricing on an amount of said financial instrument from a group of dealers, comprising: a first trading system configured to permit said requesting dealer to transmit an open request for pricing on said amount of said financial instrument from a plurality of other dealers; a central computer system, including memory and a software controller, in communication with said first trading system, the central computer system being configured to receive said open request, select said group of dealers from said plurality of other dealers, and transmit said anonymous request on behalf of said requesting dealer to said group of dealers; and a plurality of second trading systems, utilized by said group of dealers, configured to receive said anonymous request and transmit from one or more of said dealers from said group of dealers pricing information for said amount of said financial instrument to said central computer system, said central computer system being operative to select a best price from said pricing information transmitted from one or more of said dealers from said group of dealers and to transmit only said best price to said first trading system so as to permit said requesting dealer to trade at said best price, to cancel said anonymous request, or to issue a counter to said best price.