Patent ID: 7315839
Filing Date: 2008-01-01
Classification: G06Q

Abstract:
1. A system for providing to a particular client of a financial institution a price spread for a security that is tailored to the past trading activity of that particular client, the price spread being the difference between a bid price and an ask price, comprising: a pricing engine for providing to clients of the financial institution price quotes for securities, wherein a price quote comprises a bid price and an ask price which together determine the price spread for each security, a past trades database for storing information regarding past trades executed clients of the financial institution, a price quote log for storing information regarding past price quotes provided to client of the financial institution, and a price adjustment module in communication with said pricing engine for adjusting the price spread for the security provided to said particular client based on (1) information stored in said past trades database regarding past trades of that particular client comprising the number of that client's trades, (2) information stored in said past trades of that information stored in said price quote log regarding price quotes provided in the past to that particular client, and (3) relationship among information regarding the number of trades of that particular client stored in said past trades database and said price quote log regarding said particular client in addition to any adjusting of the price spread for the security that is made uniformly for clients of said financial institution based on all of the information stored in said past trades database and said price quote log.