Abstract: A data processing system for implementing transaction management of auction-based trading for specialized items such as fixed income instruments. The data processing system provides a highly structured trading protocol implemented through a sequence of trading paradigms. The system employs a distributed computer processing network linking together a plurality of commonly programmed controlled workstations. The protocol and its programmed controlling logic enhances trading efficiency, rewards market makers and fairly distributes market opportunity to system users.
Type:
Application
Filed:
March 7, 2003
Publication date:
March 4, 2004
Applicant:
Cantor Fitzgerald, L.P. (CFLP)
Inventors:
Stuart A. Fraser, Howard W. Lutnick, Bijoy Paul
Abstract: A data processing system for implementing transaction management of auction-based trading for specialized items such as fixed income instruments. The data processing system provides a highly structured trading protocol implemented through a sequence of trading paradigms. The system employs a distributed computer processing network linking together a plurality of commonly programmed controlled workstations. The protocol and its programmed controlling logic enhances trading efficiency, rewards market makers and fairly distributes market opportunity to system users.
Type:
Grant
Filed:
April 20, 1999
Date of Patent:
May 6, 2003
Assignees:
Cantor Fitzgerald, L.P. (CFLP), CFPH L.L.C. (CFPH)
Inventors:
Stuart A. Fraser, Howard Lutnick, Bijoy Paul