Kevin Ingram

US Patent:

20020161690, Oct 31, 2002

Filed:

Mar 16, 2001

Appl. No.:

09/809429

Inventors:

Peter McCarthy - New York NY, US
Kevin Ingram - Jersey City NJ, US

Assignee:

TruMarkets, Inc. - New York NY

International Classification:

G06F017/60

US Classification:

705/037000

Abstract:

A system, method and medium for performing electronic fixed income trading that allows users to specify and/or control price and/or time limits associated with potential trades while preserving buyer and seller anonymity. According to at least some of the embodiments of the present invention, a pricing module receives financial information from at least one financial data provider, and transmits the data to one or more trading entities. Purchase and/or sell offers are transmitted to a trading module, and can be defined according to any of a plurality of pricing methods. Depending on the user specified parameters that comprise the offer, the system can automatically place the user into the market, or automatically take the user out of the market. Once a trade is executed, a clearing module monitors and records the transactions executed in clearing the trade.