Patent ID: 8560426
Filing Date: 2013-10-15
Classification: G06Q,H04L,H04W,Y10S

Abstract:
1. A method comprising: receiving by at least one computing system from a selling trader via a selling trader computer in use by the selling trader a command to access a database of bond lots, wherein the computing system is communicatively coupled to the selling trader computer via a communications network; in response to receiving the command, transmitting by the computing system to the selling trader computer a plurality of bond lots from the database of bond lots; receiving by the computing system from the selling trader computer information that identifies at least one bond lot from the transmitted plurality of bond lots, wherein the identified bond lot comprises a bond lot on which the selling trader wants to solicit bids; based at least in part on receiving the information, transmitting by the computing system to a plurality of bidding traders via respective bidding trader computers in use by the plurality of bidding traders a bid wanted for at least the identified bond lot, wherein the computing system and the bidding trader computers are communicatively coupled via the communications network; in response to transmitting the bid wanted, receiving by the computing system from at least a portion of the plurality of bidding traders via respective bidding trader computers bids on at least the identified bond lot; identifying a high bid from the received bids; and transmitting by the computing system to the selling trader computer at least the identified high bid; wherein the selling trader is able to accept at least one of the received bids; and wherein an acceptance by the selling trader of a received bid on the identified bond lot results in a trade of the identified bond lot between the selling trader and at least the bidding trader that submitted the accepted bid.