WO2009015387A3 - Block trading system and method providing price improvement to aggressive orders - Google Patents

Block trading system and method providing price improvement to aggressive orders Download PDF

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Publication number
WO2009015387A3
WO2009015387A3 PCT/US2008/071363 US2008071363W WO2009015387A3 WO 2009015387 A3 WO2009015387 A3 WO 2009015387A3 US 2008071363 W US2008071363 W US 2008071363W WO 2009015387 A3 WO2009015387 A3 WO 2009015387A3
Authority
WO
WIPO (PCT)
Prior art keywords
trading system
method providing
price improvement
providing price
block trading
Prior art date
Application number
PCT/US2008/071363
Other languages
French (fr)
Other versions
WO2009015387A2 (en
Inventor
Henri Waelbroeck
Fred J Federspiel
Andrew Roper
Howard Engelhart
Sean Kirkpatrick
Original Assignee
Pipeline Financial Group Inc
Henri Waelbroeck
Fred J Federspiel
Andrew Roper
Howard Engelhart
Sean Kirkpatrick
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 Pipeline Financial Group Inc, Henri Waelbroeck, Fred J Federspiel, Andrew Roper, Howard Engelhart, Sean Kirkpatrick filed Critical Pipeline Financial Group Inc
Priority to JP2010518434A priority Critical patent/JP2010534892A/en
Priority to CA2694593A priority patent/CA2694593A1/en
Priority to EP08782444A priority patent/EP2186055A4/en
Priority to AU2008278595A priority patent/AU2008278595A1/en
Publication of WO2009015387A2 publication Critical patent/WO2009015387A2/en
Publication of WO2009015387A3 publication Critical patent/WO2009015387A3/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
    • G06Q10/00—Administration; Management
    • G06Q10/06—Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
    • G06Q10/063—Operations research, analysis or management
    • G06Q10/0637—Strategic management or analysis, e.g. setting a goal or target of an organisation; Planning actions based on goals; Analysis or evaluation of effectiveness of goals
    • 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
    • G06Q30/00—Commerce
    • G06Q30/02—Marketing; Price estimation or determination; Fundraising
    • G06Q30/0207—Discounts or incentives, e.g. coupons or rebates
    • G06Q30/0239—Online discounts or incentives
    • 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
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G06Q30/0601—Electronic shopping [e-shopping]
    • 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
    • G06Q40/03—Credit; Loans; Processing thereof
    • 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
    • G06Q50/00—Systems or methods specially adapted for specific business sectors, e.g. utilities or tourism
    • G06Q50/10—Services
    • G06Q50/18—Legal services; Handling legal documents
    • G06Q50/188—Electronic negotiation

Abstract

In a trading system for trading securities or the like, Contra Targeting is performed by enabling users to expose the liquidity within their order management system without divulging order management system information to a central trading server. Also, virtual orders can be placed and executed which give users price-time priority on an order without reserving the shares until the moment of execution.
PCT/US2008/071363 2007-07-26 2008-07-28 Block trading system and method providing price improvement to aggressive orders WO2009015387A2 (en)

Priority Applications (4)

Application Number Priority Date Filing Date Title
JP2010518434A JP2010534892A (en) 2007-07-26 2008-07-28 Large transaction system and method for providing price improvements to aggressive orders
CA2694593A CA2694593A1 (en) 2007-07-26 2008-07-28 Block trading system and method providing price improvement to aggressive orders
EP08782444A EP2186055A4 (en) 2007-07-26 2008-07-28 Block trading system and method providing price improvement to aggressive orders
AU2008278595A AU2008278595A1 (en) 2007-07-26 2008-07-28 Block trading system and method providing price improvement to aggressive orders

Applications Claiming Priority (8)

Application Number Priority Date Filing Date Title
US96230707P 2007-07-26 2007-07-26
US60/962,307 2007-07-26
US98124207P 2007-10-19 2007-10-19
US60/981,242 2007-10-19
US3262308P 2008-02-29 2008-02-29
US61/032,623 2008-02-29
US4317208P 2008-04-08 2008-04-08
US61/043,172 2008-04-08

Publications (2)

Publication Number Publication Date
WO2009015387A2 WO2009015387A2 (en) 2009-01-29
WO2009015387A3 true WO2009015387A3 (en) 2009-04-16

Family

ID=40282182

Family Applications (2)

Application Number Title Priority Date Filing Date
PCT/US2008/071373 WO2009015391A2 (en) 2007-07-26 2008-07-28 Block trading system and method providing price improvement to aggressive orders
PCT/US2008/071363 WO2009015387A2 (en) 2007-07-26 2008-07-28 Block trading system and method providing price improvement to aggressive orders

Family Applications Before (1)

Application Number Title Priority Date Filing Date
PCT/US2008/071373 WO2009015391A2 (en) 2007-07-26 2008-07-28 Block trading system and method providing price improvement to aggressive orders

Country Status (6)

Country Link
US (5) US7882015B2 (en)
EP (4) EP2239701A1 (en)
JP (2) JP2010534893A (en)
AU (2) AU2008278595A1 (en)
CA (2) CA2694599A1 (en)
WO (2) WO2009015391A2 (en)

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