Patent ID: 7840474
Filing Date: 2010-11-23
Classification: G06Q

Abstract:
1. A method of using a computer system to electronically trade financial instruments among a plurality of traders, including a requestor and two or more responders, comprising: receiving at said computer system a request for proposal (“RFP”) on a financial instrument from said requester, said requester associated with a requestor workstation, said RFP comprises a two-way structure which allows for both offers and bids but not comprising an offer to trade that can be hit or lifted and; receiving at said computer system two or more responses to said RFP, each said responder associated with a responder workstation, each said responder workstation providing at least one said response; said computer system transmitting said responses to said requestor workstation; said computer system allowing said requestor to trade on said responses during a first period, each trader of said plurality of traders not being allowed to trade on said responses during said first period unless said trader comprises said requestor; and at the expiration of said first period, said computer system allowing said responders to trade on said responses during a second period, each trader of said plurality of traders not being allowed to trade on said responses during said second period unless said trader comprises said requestor or said responders.