Patent ID: 7783546

Claim:
A processor-implemented method, comprising: determining deal information associated with a bond exchange, the deal information including information associated with a plurality of existing eligible issues and at least one new issue to be exchanged for the eligible issues; determining target information associated with at least one of the issues; receiving first offer information from a first remote client device via a communication network; receiving second offer information from a second remote client device; automatically calculating by a processor an allocation for the bond exchange based on the deal information, the target information, and the first and second offer information, wherein the allocation includes: (1) a first allocated amount of the new issue to be associated with the first offer information and (2) a second allocated amount of the new issue to be associated with the second offer information, the first and second allocated amounts being different; providing the first allocated amount of the new issue to the first remote client device; and providing the second allocated amount of the new issue to the second remote client device.