WO2004057440A3 - System and method for below-market trading - Google Patents

System and method for below-market trading Download PDF

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Publication number
WO2004057440A3
WO2004057440A3 PCT/US2003/038908 US0338908W WO2004057440A3 WO 2004057440 A3 WO2004057440 A3 WO 2004057440A3 US 0338908 W US0338908 W US 0338908W WO 2004057440 A3 WO2004057440 A3 WO 2004057440A3
Authority
WO
WIPO (PCT)
Prior art keywords
order
financial instrument
market value
party
trading
Prior art date
Application number
PCT/US2003/038908
Other languages
French (fr)
Other versions
WO2004057440A2 (en
Inventor
Sam Balabon
Original Assignee
Sam Balabon
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Sam Balabon filed Critical Sam Balabon
Priority to JP2004562252A priority Critical patent/JP4464281B2/en
Priority to AU2003302327A priority patent/AU2003302327A1/en
Publication of WO2004057440A2 publication Critical patent/WO2004057440A2/en
Publication of WO2004057440A3 publication Critical patent/WO2004057440A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A method and system for trading above or below the market. According to one embodiment, a trading system receives from a first party on order to trade a financial instrument at a predetermined distance and predetermined direction away from a market value of the financial instrument, determines an updated market value of the financial instrument upon acceptance of the order by a second party at a particular price, and completes the order only if the accepted price is at least the predetermined distance and the predetermined direction away from the updated market value.
PCT/US2003/038908 2002-12-09 2003-12-09 System and method for below-market trading WO2004057440A2 (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
JP2004562252A JP4464281B2 (en) 2002-12-09 2003-12-09 Systems and methods for buying and selling higher or lower than the market price
AU2003302327A AU2003302327A1 (en) 2002-12-09 2003-12-09 System and method for below-market trading

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US43191302P 2002-12-09 2002-12-09
US60/431,913 2002-12-09

Publications (2)

Publication Number Publication Date
WO2004057440A2 WO2004057440A2 (en) 2004-07-08
WO2004057440A3 true WO2004057440A3 (en) 2004-12-29

Family

ID=32681945

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2003/038908 WO2004057440A2 (en) 2002-12-09 2003-12-09 System and method for below-market trading

Country Status (4)

Country Link
US (1) US7076461B2 (en)
JP (1) JP4464281B2 (en)
AU (1) AU2003302327A1 (en)
WO (1) WO2004057440A2 (en)

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US9230407B2 (en) 2004-04-29 2016-01-05 Cfph, Llc System and method for wagering based on multiple financial market indicators
US9292865B2 (en) 1996-12-13 2016-03-22 Cantor Fitzgerald, L.P. Cfph, Llc Dynamic keyboard for trading
US9293009B2 (en) 2004-04-29 2016-03-22 Cfph, Llc System and method for mapping results from sporting events to game inputs
US9293004B2 (en) 2007-12-21 2016-03-22 Cfph, Llc System and method for providing a roulette game
US9536395B2 (en) 2007-12-21 2017-01-03 Cfph, Llc System and method for providing a baccarat game based on financial market indicators

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US8005740B2 (en) 2002-06-03 2011-08-23 Research Affiliates, Llc Using accounting data based indexing to create a portfolio of financial objects
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US7908201B2 (en) * 2005-05-05 2011-03-15 Archipelago Holdings, Inc. Cross and post order
JP2008541230A (en) * 2005-05-05 2008-11-20 アーキペラゴ ホールディングス インコーポレイテッド Order for price revision to large-scale
US7933828B2 (en) 2005-07-26 2011-04-26 Cfph, Llc System and method for displaying and/or analyzing a limit order book
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US20070198385A1 (en) * 2005-10-07 2007-08-23 Mcgill Bradley Process and method for establishing a commodity ceiling cap option targeted for retail consumption
US7711644B2 (en) * 2005-12-20 2010-05-04 Bgc Partners, Inc. Apparatus and methods for processing composite trading orders
US7711640B2 (en) * 2005-12-20 2010-05-04 Bgc Partners, Inc. Methods and apparatus for composite trading order processing
US8229832B2 (en) 2006-01-09 2012-07-24 Bgc Partners, Inc. Systems and methods for establishing first on the follow trading priority in electronic trading systems
WO2007134299A2 (en) 2006-05-13 2007-11-22 Kevin Foley Products and processes for utilizing order data and related data
US9799072B2 (en) 2006-07-28 2017-10-24 Nyse Group, Inc. Enhanced quote and order integration system and method
US7917418B2 (en) 2006-12-04 2011-03-29 Archipelago Holdings, Inc. Efficient data dissemination for financial instruments
US8285629B2 (en) 2007-11-15 2012-10-09 Cfph, Llc Trading system products and processes
US8712903B2 (en) 2008-09-25 2014-04-29 Cfph, Llc Trading related to fund compositions
US10332332B2 (en) 2007-12-21 2019-06-25 Cfph, Llc System and method for slot machine game associated with financial market indicators
US8758108B2 (en) 2007-12-21 2014-06-24 Cfph, Llc System and method for slot machine game associated with market line wagers
US11257330B2 (en) 2008-02-15 2022-02-22 Cfph, Llc System and method for providing a baccarat game based on financial market indicators
US7747498B2 (en) * 2008-04-21 2010-06-29 Bgc Partners, Inc. Trading orders with decaying reserves
US11288745B2 (en) 2008-04-21 2022-03-29 Bgc Partners, Inc. Trading orders with decaying reserves
JP6184659B2 (en) * 2009-01-23 2017-08-23 シーエフピーエイチ， エル．エル．シー． Multicomputer distributed processing method to avoid information leakage
US8977565B2 (en) 2009-01-23 2015-03-10 Cfph, Llc Interprogram communication using messages related to groups of orders
US8442891B2 (en) * 2009-12-07 2013-05-14 Predictive Technologies Group, Llc Intermarket analysis
US8560420B2 (en) * 2009-12-07 2013-10-15 Predictive Technologies Group, Llc Calculating predictive technical indicators
US11144992B1 (en) 2010-09-15 2021-10-12 Cfph, Llc Computer systems for selective transmission
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US20130041842A1 (en) * 2011-08-12 2013-02-14 Andrew W. Lo Computer implemented risk managed trend indices
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US20140040098A1 (en) * 2012-08-03 2014-02-06 Bloomberg Finance L.P. Confirming and recording compliance with markup and market price guidelines
US11386492B1 (en) * 2016-06-29 2022-07-12 Monetary Metals & Co. System for trading precious metals in an efficient secondary market
US20190236701A1 (en) * 2016-09-15 2019-08-01 Christopher Petruzzi System and method for trading with multiple delivery dates
JP2018077714A (en) * 2016-11-10 2018-05-17 株式会社野村総合研究所 Transaction management program, transaction management system, and transaction management method
US10121199B1 (en) 2017-06-23 2018-11-06 Cfph, Llc Distributed trading network and interface

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Publication number Priority date Publication date Assignee Title
US9292865B2 (en) 1996-12-13 2016-03-22 Cantor Fitzgerald, L.P. Cfph, Llc Dynamic keyboard for trading
US8968078B2 (en) 2004-04-29 2015-03-03 Cfph, Llc Amusement devices and chance devices based on financial market indicators
US9230407B2 (en) 2004-04-29 2016-01-05 Cfph, Llc System and method for wagering based on multiple financial market indicators
US9293009B2 (en) 2004-04-29 2016-03-22 Cfph, Llc System and method for mapping results from sporting events to game inputs
US9355527B2 (en) 2004-04-29 2016-05-31 Cfph, Llc Amusement devices and chance devices based on financial market indicators
US9293004B2 (en) 2007-12-21 2016-03-22 Cfph, Llc System and method for providing a roulette game
US9536395B2 (en) 2007-12-21 2017-01-03 Cfph, Llc System and method for providing a baccarat game based on financial market indicators

Also Published As

Publication number Publication date
AU2003302327A1 (en) 2004-07-14
US20040177026A1 (en) 2004-09-09
AU2003302327A8 (en) 2004-07-14
US7076461B2 (en) 2006-07-11
JP4464281B2 (en) 2010-05-19
JP2006509308A (en) 2006-03-16
WO2004057440A2 (en) 2004-07-08

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