Patent ID: 7747515
Filing Date: 2010-06-29
Classification: G06Q

Abstract:
1. A computer-implemented method for generating non-binding indications for at least one security comprising: i) obtaining, by at least one computer, all records of open orders from a database of an order management system that meet pre-determined filtering criteria previously input into the computer, wherein the order management system database is associated with a trading firm and wherein the order management system is coupled to at least one workstation utilized by the trading firm and wherein the order management system database comprises at least the following fields: (a) security name, symbol or identifier, (b) transaction type, and (c) a quantity; ii) generating, by at least one computer, non-binding indications from the obtained records of orders that are suitable for transmission to a data integration module associated with or having access to at least one electronic marketplace, each non-binding indication comprising security name, symbol or identifier, the transaction type, and an available quantity, such available quantity being determined from the obtained records; iii) sending the suitable non-binding indications to the data integration module associated with or having access to the at least one electronic marketplace; (iv) periodically determining, by at least one computer, if at least one record of order of the order management system database meeting the pre-determined filtering criteria has changed and, if such record of the order management system database has changed, then subsequently generating, for the changed record of order, at least one updated non-binding indication; and (v) if updated, subsequently sending the updated non-binding indication to the data integration module associated with or having access to the at least one electronic marketplace.