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1. AU2001288760 - Contracts for electronic-based market

Office
Australia
Application Number 2001288760
Application Date 05.09.2001
Publication Number 2001288760
Publication Date 22.11.2001
Publication Kind A
IPC
G06Q 40/00
GPHYSICS
06COMPUTING; CALCULATING OR COUNTING
QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
40Finance; Insurance; Tax strategies; Processing of corporate or income taxes
Applicants On Exchange, Inc.
Inventors Grosvenor, Charles
Stavisky, Natalia
Priority Data 09/667,642 22.09.2000 US
Title
(EN) Contracts for electronic-based market
Abstract
(EN) A system for an electronic-based market is disclosed (11). The system operates with a model where a trader (16) is designated to enter orders (10) for contracts on behalf of a subscriber (12). The model uses assets of the subscriber that are placed into an account that is accessible by the electronic market (22) to cover risks associated with trades initiated by the trader. The system includes a plurality of client stations for entering orders into the electronic market by traders and a server to receive the orders and match the orders (24) in accordance with matching criteria. The server maintains for the subscriber and the subscriber's associated traders a trading account (18) that is accessible by the electronic market. The server also includes offsetting, clearing, default, and margin protocols functions (25) to administer the market. The market uses species contracts that are derivated from a contract genus (19).
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