WO2007061617A3 - System and method for centralized clearing of over the counter foreign exchange instruments - Google Patents

System and method for centralized clearing of over the counter foreign exchange instruments Download PDF

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Publication number
WO2007061617A3
WO2007061617A3 PCT/US2006/043282 US2006043282W WO2007061617A3 WO 2007061617 A3 WO2007061617 A3 WO 2007061617A3 US 2006043282 W US2006043282 W US 2006043282W WO 2007061617 A3 WO2007061617 A3 WO 2007061617A3
Authority
WO
WIPO (PCT)
Prior art keywords
trading
clearing
centralized
over
foreign exchange
Prior art date
Application number
PCT/US2006/043282
Other languages
French (fr)
Other versions
WO2007061617A2 (en
Inventor
Paul A Bauerschmidt
Dmitriy Glinberg
Edward M Gogol
Stephen M Goldman
Paul L Lichter
Jeffrey R Mitchell
Ari L Studnitzer
Tae Seok C Yoo
Original Assignee
Chicago Mercantile Exchange
Paul A Bauerschmidt
Dmitriy Glinberg
Edward M Gogol
Stephen M Goldman
Paul L Lichter
Jeffrey R Mitchell
Ari L Studnitzer
Tae Seok C Yoo
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 Chicago Mercantile Exchange, Paul A Bauerschmidt, Dmitriy Glinberg, Edward M Gogol, Stephen M Goldman, Paul L Lichter, Jeffrey R Mitchell, Ari L Studnitzer, Tae Seok C Yoo filed Critical Chicago Mercantile Exchange
Priority to JP2008541219A priority Critical patent/JP5405116B2/en
Priority to EP06827595A priority patent/EP1949329A4/en
Priority to BRPI0618754-4A priority patent/BRPI0618754A2/en
Priority to CA002628944A priority patent/CA2628944A1/en
Publication of WO2007061617A2 publication Critical patent/WO2007061617A2/en
Publication of WO2007061617A3 publication Critical patent/WO2007061617A3/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

The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”’s) futures exchange system (the “Εxchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.
PCT/US2006/043282 2005-11-18 2006-11-08 System and method for centralized clearing of over the counter foreign exchange instruments WO2007061617A2 (en)

Priority Applications (4)

Application Number Priority Date Filing Date Title
JP2008541219A JP5405116B2 (en) 2005-11-18 2006-11-08 Method and system for centralized clearing of relative foreign exchange securities
EP06827595A EP1949329A4 (en) 2005-11-18 2006-11-08 System and method for centralized clearing of over the counter foreign exchange instruments
BRPI0618754-4A BRPI0618754A2 (en) 2005-11-18 2006-11-08 system and method for centralized clearing of over-the-counter exchange instruments
CA002628944A CA2628944A1 (en) 2005-11-18 2006-11-08 System and method for centralized clearing of over the counter foreign exchange instruments

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
US73824605P 2005-11-18 2005-11-18
US60/738,246 2005-11-18
US11/590,540 2006-10-31
US11/590,540 US10726479B2 (en) 2005-11-18 2006-10-31 System and method for centralized clearing of over the counter foreign exchange instruments

Publications (2)

Publication Number Publication Date
WO2007061617A2 WO2007061617A2 (en) 2007-05-31
WO2007061617A3 true WO2007061617A3 (en) 2009-04-30

Family

ID=38054666

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2006/043282 WO2007061617A2 (en) 2005-11-18 2006-11-08 System and method for centralized clearing of over the counter foreign exchange instruments

Country Status (6)

Country Link
US (5) US10726479B2 (en)
EP (1) EP1949329A4 (en)
JP (1) JP5405116B2 (en)
BR (1) BRPI0618754A2 (en)
CA (1) CA2628944A1 (en)
WO (1) WO2007061617A2 (en)

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Also Published As

Publication number Publication date
EP1949329A2 (en) 2008-07-30
US20230059070A1 (en) 2023-02-23
US11694265B2 (en) 2023-07-04
CA2628944A1 (en) 2007-05-31
US20070118459A1 (en) 2007-05-24
BRPI0618754A2 (en) 2011-09-13
US10726479B2 (en) 2020-07-28
US20200320628A1 (en) 2020-10-08
US11538109B2 (en) 2022-12-27
WO2007061617A2 (en) 2007-05-31
EP1949329A4 (en) 2009-09-16
US11270379B2 (en) 2022-03-08
JP2009516299A (en) 2009-04-16
US20230281715A1 (en) 2023-09-07
JP5405116B2 (en) 2014-02-05
US20220148087A1 (en) 2022-05-12

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