Patent ID: 7693776
Filing Date: 2010-04-06
Classification: G06Q

Abstract:
1. An electronic trading system for trading products between counterparties, the electronic trading system comprising: one or more computers configured to: receive, from trading terminals of said counterparties, quotes to buy or sell products on the electronic trading system using a dependent trading floor code dependent on a parent trading floor code; access, from a store of a trading floor administrator computer associated with a dependent counterparty, credit limits for trades by the dependent counterparty, the credit limits for trades by the dependent counterparty being assigned using the dependent trading floor code and using a parent counterparty's credit with at least one other counterparty; and determine whether the quotes to buy or sell products on the electronic trading system, for trades by the dependent counterparty, would exceed the credit limits using the dependent trading floor code and using the parent counterparty's credit.