Patent ID: 8527396
Filing Date: 2013-09-03
Classification: G06Q

Abstract:
1. A computerized method for negotiating the price for a traded security, comprising: transmitting, by a computing device in a computer trading system, a security, and a bid or offer terms, from at least one dealer to an investor; receiving, at the computing device, an indication of interest from the investor in purchasing the security and transmitting the indication of interest to a plurality of dealers including the at least one dealer; receiving, at the computing device, a first bid in response to the indication of interest from more than one of the plurality of dealers; storing, in a database connected to the computing device, the received first bid from each of the dealers that responded to the indication of interest for at least one period of time; determining, by the computing device, whether at least two of the stored bids from the dealers that responded to the indications of interest are tied for best; in the event that at least two of the stored bids from the dealers that responded to the indication of interest are tied for best: