Abstract: Systems and methods are provided for conducting securities lending transactions using an electronic trading platform. In accordance with an implementation, the electronic trading platform receives, from a trader, order data comprising a plurality of orders to lend or borrow shares of securities, and information identifying a matching criterion associated with a transaction to lend or borrow the shares. The electronic trading platform identifies a counterparty capable of fulfilling at least a portion of the orders in accordance with the proposed matching criterion. The electronic trading platform may then execute transactions between the trader and the identified counterparty to lend or borrow at least a portion of the shares in accordance with terms of an active bilateral agreement between the trader and the identified counterparty.
Type:
Grant
Filed:
March 15, 2013
Date of Patent:
April 22, 2014
Assignee:
SL-x Technology UK Ltd.
Inventors:
Peter Ira Fenichel, Henry Donald Mlynarski, Nazaar Molokhia
Abstract: Systems and methods are provided for conducting securities lending transactions using an electronic trading platform. In accordance with an implementation, the electronic trading platform receives, from a trader, information identifying initial terms of a transaction to lend or borrow shares of a security. The electronic trading platform may generate an instruction to broadcast the initial terms to one or more counterparties, and may subsequently facilitate negotiations between the trader and the one or more counterparties for terms of the transaction. The electronic trading platform may execute the transaction in accordance with the negotiated terms.
Type:
Grant
Filed:
August 16, 2012
Date of Patent:
March 25, 2014
Assignee:
SL-x Technology UK Ltd.
Inventors:
Peter Ira Fenichel, Henry Donald Mlynarski, Nazaar Molokhia