Patent ID: 6876309
Filing Date: 2005-04-05
Classification: G06Q,H04L,H04W,Y10S

Abstract:
1. A computer-implemented bond trading system for trading bonds, the system employing a silent anonymous auction, the auction being conducted electronically between multiple bond brokers having computer stations, the computer stations being capable of communicating one with another, at least one of the bond brokers being designated a selling broker and the other bond brokers being designated buying brokers for sale of a specific identified bond lot, wherein the bond trading system comprises a bond software component at each bond broker's computer wherein the selling broker's software component enables conduct of the silent anonymous auction for the specific identified lot by transmitting bid wanted information regarding the specific identified bond lot to the other brokers, by receiving of bids for the bond lot from the other brokers and by executing a transaction for the sale of the bond lot with a broker transmitting an accepted bid, wherein the other broker's software components enable each other broker to receive the bid wanted information transmitted and permit a receiving broker to transmit a bid for the auctioned bond lot to the selling broker, and wherein the selling broker's software component can receive multiple bids for the auctioned lot and determine a high bidder.