Patent ID: 7840480
Filing Date: 2010-11-23
Classification: G06Q

Abstract:
1. A system comprising: a computer configured as a server for securities trading, the computer including at least a memory and a processor configured to execute trading software that is implemented as an interface to automate a trade of a financial instrument between a buyer and a seller, the trading software configured to: receive a seller notice that the financial instrument is for sale, and receive a buyer notice to initiate a purchase of the financial instrument; match the seller and the buyer for a proposed trade of the financial instrument based on the seller notice and the buyer notice; determine a fair market value of the financial instrument to facilitate negotiation of a sales price of the financial instrument for the proposed trade between the seller and the buyer; receive a buyer trade ticket that includes buyer terms to purchase the financial instrument, and receive a seller trade ticket that includes seller terms to sell the financial instrument; determine that the buyer terms match the seller terms of the proposed trade of the financial instrument, and that the sales price of the financial instrument is fair to both the buyer and the seller; and execute the proposed trade of the financial instrument based at least in part on the match of the seller terms and the buyer terms, and based on the sales price of the financial instrument being fair to both the buyer and the seller.