Anonymous price and progressive display execution apparatus, system and method
a price and price technology, applied in anonymous user systems, data processing applications, finance, etc., can solve the problems of adversely affecting the functioning and existence of the marketplace, affecting the market, and unable to achieve live tradable prices for large segments of the mark
Pending Publication Date: 2022-07-28
WALSH WILLIAM F
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- Abstract
- Description
- Claims
- Application Information
AI Technical Summary
Benefits of technology
Enables secure, efficient, and transparent trading by controlling information leakage and optimizing transaction processes through alias-based anonymous negotiation, enhancing market integrity and participant discretion.
Problems solved by technology
While transparency in certain markets, including but not limited to financial markets may be desirable in general, some markets may not be well-served with greater transparency.
For example, the nature of the Over the Counter (“OTC”) derivative markets tends to dictate that information leakage may adversely affect the functioning and the very existence of the marketplace.
However, at this time, electronic platforms are primarily used by brokers and dealers and much less by end-users.
Furthermore, these systems are not click-and-trade and traders still need to telephone to generate a trade.
Finally, live tradable prices are not feasible for large segments of the market because either too much or too little information is available in order to determine the appropriate price.
However, several shortcomings of the current RFQ systems include the inability of such systems to offer the correct balance between complete multi-lateral anonymity amongst participants while retaining key information, and only making needed information involving historic and linked counter-party data available in a manner which discloses relevant information to the appropriate parties at the appropriate time.
Method used
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[0027]It is to be understood that the figures and descriptions of the present invention have been simplified to illustrate elements that are relevant for a clear understanding of the present invention, and that other features, elements, functionality and / or components may also be utilized in the various embodiments of the invention. In addition, those of ordinary skill in the pertinent art may recognize that other features, elements, functionality and / or components may be desirable and / or required in order to implement certain embodiments of the present invention. However, because in some instances certain features, elements, functionality and / or components may be well known in the art, and / or may not facilitate a better understanding of the present invention, a discussion of such elements may not be expressly provided herein.
[0028]In one embodiment, the present invention comprises an apparatus, system and method and that produces a decentralized multilateral electronic execution fa...
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An apparatus, system and method for buying, selling, and / or trading certain items in certain markets (such as, by way of non-limiting example, trading financial instruments) which offers a balance between complete multi-lateral anonymity amongst trading participants while retaining key information, and only making needed information involving historic and linked counter-party data available in a manner which discloses relevant information to the appropriate parties at the appropriate time is disclosed. The apparatus, system and method may comprise a electronic and / or computerized system for buying and selling of products, services, financial instruments including, but not limited to, securities, derivatives, commodities, liabilities, and / or other items which may be bought, sold and / or traded while maintaining the integrity of the markets in which such items are bought, sold and / or traded. The apparatus, system and method may allow for the progressive disclosure of information related the potential execution of product by establishing an anonymous alias and registering an interest in a proposed transaction based upon information that is both constructed by the alias and combined with information that is maintained and linked within a central facility wherein some or all such information within the central facility may be disclosed at an appropriate or desired time as the warranted by the situation related to a transaction.
Description
CROSS REFERENCE TO RELATED APPLICATIONS[0001]This application is a continuation application and claims the priority of U.S. patent application Ser. No. 14 / 697,607, filed on Apr. 27, 2015, entitled “ANONYMOUS PRICE AND PROGRESSIVE DISPLAY EXECUTION APPARATUS, SYSTEM AND METHOD” which is a continuation-in-part application and claims the priority of U.S. patent application Ser. No. 13 / 567,269, filed on Aug. 6, 2012, entitled “ANONYMOUS PRICE AND PROGRESSIVE DISPLAY EXECUTION SYSTEM” which claims the priority of U.S. Provisional Patent Application Ser. No. 61 / 574,600, filed on Aug. 5, 2011, entitled “ANONYMOUS MULTI-LATERAL ELECTRONIC PRICE AND INFORMATION DISCOVERY MECHANISM PROGRESSING TOWARDS THE BI-LATERAL NEGOTIATION AND EXECUTION OF FINANCIAL SECURITIES AND AGREEMENTS,” the entirety of all of which are incorporated herein by reference.FIELD OF THE INVENTION[0002]This invention relates generally to buying and selling of products, services, financial instruments including, but not l...
Claims
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IPC IPC(8): G06Q50/18G06Q40/04G06Q20/38
CPCG06Q50/188G06Q20/383G06Q40/04
InventorWALSH, WILLIAM F.
OwnerWALSH WILLIAM F