WO2005036354A3 - Fix-enabled order management method and apparatus - Google Patents

Fix-enabled order management method and apparatus Download PDF

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Publication number
WO2005036354A3
WO2005036354A3 PCT/US2004/033143 US2004033143W WO2005036354A3 WO 2005036354 A3 WO2005036354 A3 WO 2005036354A3 US 2004033143 W US2004033143 W US 2004033143W WO 2005036354 A3 WO2005036354 A3 WO 2005036354A3
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WO
WIPO (PCT)
Prior art keywords
requirements
fix
receiving
customer
management method
Prior art date
Application number
PCT/US2004/033143
Other languages
French (fr)
Other versions
WO2005036354A2 (en
Inventor
Neill Penney
Original Assignee
Fx Alliance Llc
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Filing date
Publication date
Application filed by Fx Alliance Llc filed Critical Fx Alliance Llc
Publication of WO2005036354A2 publication Critical patent/WO2005036354A2/en
Publication of WO2005036354A3 publication Critical patent/WO2005036354A3/en

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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

Abstract

A computer-implemented method and apparatus for managing market orders which, upon receiving a set of customer requirements, will automatically identify and select a winning provider from a multiplicity of provider candidates and, at the appropriate time, execute trades to fill the set of requirements (Fig.1). The identification, selection and execution steps are initiated automatically in response to receiving the requirements without further participation from the customer (Fig. 2). Moreover, the invention is designed to operate according to a variety of non-proprietary messaging and communication standards, including, for example, the Financial Information eXchange (FIX) and Society for the World Interbank Financial Telecommunication (SWIFT) communications standards.
PCT/US2004/033143 2003-10-08 2004-10-08 Fix-enabled order management method and apparatus WO2005036354A2 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US50925103P 2003-10-08 2003-10-08
US60/509,251 2003-10-08

Publications (2)

Publication Number Publication Date
WO2005036354A2 WO2005036354A2 (en) 2005-04-21
WO2005036354A3 true WO2005036354A3 (en) 2006-07-13

Family

ID=34434959

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2004/033143 WO2005036354A2 (en) 2003-10-08 2004-10-08 Fix-enabled order management method and apparatus

Country Status (2)

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US (2) US7761363B2 (en)
WO (1) WO2005036354A2 (en)

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Also Published As

Publication number Publication date
WO2005036354A2 (en) 2005-04-21
US20050114258A1 (en) 2005-05-26
US20050114257A1 (en) 2005-05-26
US7761363B2 (en) 2010-07-20

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