Patent ID: 8055572
Filing Date: 2011-11-08
Classification: G06Q

Abstract:
1. A method of trading a fungible instrument on a system comprising a plurality of computers connected on a network, the computers co-operating together to perform a method comprising: one or more computers of the system notifying time of an auction; one or more computers of the system receiving from participants of the auction orders related to the auction; one or more computers of the system receiving from the participants credit limits for execution of orders input by the participants; one or more computers of the system conducting the auction at the time of the auction by matching the orders received; one or more computers of the system notifying, after completion of the auction, the participants of their orders matched during the auction; and one or more computers of the system notifying, after completion of the auction, the participants of their auction-specific credit that was allocated to the auction but which was not used in their orders matched during the auction.