Patent ID: 7003488

Claim:
A computerized trading system for trading financial instruments between traders at a plurality of trading floors, the system comprising: a plurality of trading floors; a centralized computer system which determines which pairs of trading floors are credit bearing counter-parties which extend bilateral credit to one another, the centralized computer system also sending dealable price quotes to the trading floors, each trading floor being sent dealable price quotes which have been prescreened for bilateral credit and indicating at least a price at which one or more credit bearing counter-parties of the trading floor receiving the dealable price quote are willing to buy and/or sell financial instruments to such trading floor; a first trading floor having a first maker screen and a first taker screen associated therewith: (a) the first maker screen permitting a first trader associated with the first trading floor to send maker price quotes to the centralized computer system, the maker price quotes indicating a price at which the first trader is willing to buy and/or sell one or more financial instruments; and (b) the first taker screen permitting the first trader to view and accept dealable price quotes the first trading floor has received from the centralized computer system.