Patent ID: 8712903
Filing Date: 2014-04-29
Classification: G06Q

Abstract:
1. A method comprising: receiving, by an electronic marketplace, an indication of a composition of mutual fund, in which the composition includes a plurality of financial instruments that the fund targets for ownership and respective percentages of the composition that the fund targets for ownership in each financial instrument; receiving, by the marketplace, an indication of an order, in which the order defines a side of a trade for a financial instrument; determining, by the marketplace, that the financial instrument is part of the composition of the fund based on the received indication of the composition; determining, by the marketplace, a change in price that includes an increase or decrease in the price of the financial instrument; determining, by the marketplace, that an operator of the fund is likely to be interested in an opposite side of the trade for the financial instrument based on the increase or decrease in price of the financial instrument and the determination that the financial instrument is part of the composition; and in response to determining that the operator is likely to be interested, transmitting, by the marketplace to the fund, a query asking if an offer to enter into a trade that fulfills at least a portion of the order is accepted by the operator of the fund; determining, by the marketplace, that the offer to enter into the trade is accepted by the operator of the fund based on determining that a matching order to the order is stored in an order management system associated with the fund that makes up part of a dark pool of liquidity; facilitating an execution of the trade, by the marketplace, without a negotiation about a price of the trade and a quantity of financial instruments in response to the determination that the offer is accepted.