Patent ID: 7555455

Claim:
A method for providing computer-implemented trading for debt securities, comprising: providing respective computer-generated interfaces for a plurality of dealers and a plurality of investors; wherein a network enables messages to be exchanged between the dealer interfaces and the investor interfaces; enabling the plurality of dealers to communicate announcements comprising an offer to sell of new debt security issues to the investors via the investor interfaces so that each investor can access new debt security issues from multiple dealers via a respective investor interface that displays the plurality of announcements simultaneously for viewing by each of the plurality of investors; providing a calendar to the investors via the investor interfaces that provides an inventory of the new debt security issues; sorting the new debt security issues based on at least one of the issue name, the manager, the announcement price, and pricing date; indicating by the calendar the status of the debt security issues, wherein the status includes one of announced, priced, launched, settled, and subject; enabling the investors to submit an indication of interest in purchasing the new debt security issues to selected ones of the dealers via the selected dealers' respective interfaces, and providing the investors with an equal opportunity of submitting the indication of interest; providing a notice to the investors when creating the indication of interest; allowing each of the investors to monitor real-time status of the indication of interest corresponding to the investor that submitted the indication of interest; and enabling the dealers to receive the plurality of indications of interest from the plurality of investors and to allocate and to set at least one price for each of the respective debt security issues to the investors in accordance with their respective indications of interest.