Patent ID: 7769677
Filing Date: 2010-08-03
Classification: G06Q

Abstract:
1. A computer-implemented method for fulfilling a pair trade request, said pair trade request performed by a financial institution having an order inventory, the method comprising the steps of: receiving a plurality of pair trade requests, comprising at least one pair trade request, wherein said pair trade request comprises a request to trade a first security, a request to trade a second security, and a request to trade said first security and said second security with a minimum spread limit, and wherein said first security and said second security each have a bid price and an ask price; determining the bid/bid spread in the market of said first security and said second security; determining the ask/ask spread in the market of said first security and said second security; determining that the minimum spread limit of said pair trade request is met by a range of said bid/bid spread and said ask/ask spread; executing a transaction between a first portion of the trade of said first security in said one pair trade request and at least one non-pair trade request in an external market, provided that the minimum spread limit of said one pair trade request is met by said range of said bid/bid spread and said ask/ask spread; and executing a transaction between one of a second portion of said trade of said first security in said one pair trade request or a first portion of the trade of said second security in said one pair trade request, and at least one non-pair trade request in said order inventory, provided that the minimum spread limit of said one pair trade request is met by said range of said bid/bid spread and said ask/ask spread; wherein at least one of said steps is implemented with a computer.