Patent ID: 7584140

Claim:
A computer implemented method for minimizing communications bandwidth among parties trading derivatives using computers, the method comprising: (a) receiving, by a network computer, via a network, market data, the market data representative of a state of a market for a plurality of products; (b) receiving, by the network computer, via the network, quote data from at least one market maker computer, the quote data operative to facilitate derivation, by the network computer, of at least one indicative quote for at least a subset of the plurality of products; (c) generating, by the network computer, a plurality of indicative quotes for the subset of the plurality of products based on the market data and the quote data, and transmitting the plurality of indicative quotes to a subscriber computer via the network; and (d) facilitating, by the network computer, the subscriber computer to generate a request for actionable quote for at least one product of the subset of the plurality of products based on the plurality of quotes and transmit the request for actionable quote to all of the at least one market maker computer via the network, each of the at least one market maker computer being responsive thereto to generate an actionable quote in response to the request for actionable quote and transmit the actionable quote back to the subscriber computer via the network wherein the subscriber computer may generate an order based on the actionable quote.