Patent ID: 7512560

Claim:
A computer-implemented method of matching and executing trades of American Depositary Receipts (ADRs) and corresponding underlying shares without trader intervention, wherein an ADR represents ownership in the shares of a foreign company trading on US financial markets and corresponding underlying shares represent shares of the foreign company in that company's local market, comprising: reading a first swap request submitted from a first trader representing a request to trade an ADR of a reference entity for corresponding underlying shares, the first swap request defining a first trading position held by the first trader; reading a second swap request submitted from a second trader representing a request to trade an amount of shares of the reference entity for one or more corresponding ADRs, the second swap request defining a second trading position held by the second trader; electronically matching corresponding swap requests without further trader assistance following the submission of the swap requests; electronically executing the matched swap requests automatically after the match is made without further trader assistance following the submission of the swap requests; wherein the identity and the first trading position of the first trader is kept confidential from the second trader and the identity and the second trading position of the second trader is kept confidential from the first trader throughout submission, matching, and execution.