Patent US5809483A successfully refreshed from Google Patents.
US5809483A
Expired / Lapsed
US
⏱️ 0.0 years remaining
Online transaction processing system for bond trading
Assignee: Nasdaq Inc
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Filing: 1997-11-14
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Granted: 1998-09-15
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Expires: 2017-11-14
Abstract
Abstract A system for monitoring information about debt securities and reporting trades in the debt securities market. The system includes user stations and a host processor. Users input data requests and trade information to the user stations which transmit the requests and trade information to the host processor. The host processor processes information about the trades and requests for information using databases which contain various types of information about the debt securities and users. The host processor transmits processed trade information and requested information to the user stations which present the information to the users.
Inventors
- 👤 S. William Broka
- 👤 Michael P. Walsh
- 👤 Deborah M. Clowney
- 👤 Walter E. Stewart
- 👤 Daniel R. DiSisto
- 👤 Beth E. Weimer
- 👤 Eugene A. Callan
- 👤 Robert N. Reiss
- 👤 Mark D. DuMont
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-10-29 09:17
CPC Classifications
G; G06; G06Q; G06Q40/00; G06Q40/04
Claims Analysis
Total Claims: 27
Claim 1
Independent Claim
175 words
A quote-driven system for reporting quotes for debt issues comprising: a host processing system containing issue databases having information about debt issues available to be traded, quote databases containing data about quotes of the debt issues available to be traded, and trade databases for maintaining data about trades; and a plurality of user stations, connected to the host processing system, for providing users an ability to access the issue and quote databases, said user stations including: display means for displaying data from the issue databases and the quote databases, input means for receiving user inputs about quotes of the issues available to be traded and identifying the data from the issue databases and the quote databases to be displayed on the display means for providing to the host processing system the user inputs, communications means for receiving the data to be displayed from the host processing system and for transmitting the user inputs to the host processing system; and trade input means for inputting data to the trade databases indicating that a trade was executed.
Claim 2
Dependent Claim
175 words
A quote-driven system for reporting quotes for debt issues comprising: a host processing system containing issue databases having information about debt issues available to be traded, quote databases containing data about quotes of the debt issues available to be traded, and trade databases for maintaining data about trades; and a plurality of user stations, connected to the host processing system, for providing users an ability to access the issue and quote databases, said user stations including: display means for displaying data from the issue databases and the quote databases, input means for receiving user inputs about quotes of the issues available to be traded and identifying the data from the issue databases and the quote databases to be displayed on the display means for providing to the host processing system the user inputs, communications means for receiving the data to be displayed from the host processing system and for transmitting the user inputs to the host processing system; and trade input means for inputting data to the trade databases indicating that a trade was executed.
Claim 3
Dependent Claim
77 words
The system of claim 1, wherein the data contained in the quote databases comprise information about bid and offer prices for the debt issues, wherein the display means includes means for displaying data from the quote databases, and wherein the input means includes means for providing to the host processing system user inputs about quotes for the issues available to be traded and identifying the data from the quote databases to be displayed on the display means.
Claim 4
Dependent Claim
44 words
The system of claim 1 wherein the host processing system includes participant databases having information about the users of the system, and wherein the input means includes means for providing to the host processing system user inputs about the current user of the system.
Claim 5
Dependent Claim
50 words
The system of claim 1 or 2 wherein the display means includes means for displaying the data organized into markets which are predefined subsets of debt issues available to be traded, and wherein the input means includes means for providing to the host processing system user inputs identifying the markets.
Claim 6
Dependent Claim
183 words
In a quote-driven system for reporting quotes for debt issues having a plurality of user stations for receiving user inputs and requesting information and for providing the user inputs and requesting information to a host processor, the host processor comprising: a memory containing issue databases having information about debt issues available to be traded, quote databases containing data about quotes of the debt issues available to be traded, and trade databases for maintaining data about trades; communications means, coupled to the memory means, for receiving from the plurality of user stations user inputs about quotes for the issues to be traded, for receiving requests for data from the issue databases and the quote databases, for providing the requested data to the requesting one of the plurality of user stations, and for receiving from the plurality of user stations data indicating actual trade executions; and processing means, coupled to the communications means and the memory, for controlling the memory and the communications means, for transferring to the memory the received requests and user inputs, and for transferring to the communications means the requested data.
Claim 7
Dependent Claim
183 words
In a quote-driven system for reporting quotes for debt issues having a plurality of user stations for receiving user inputs and requesting information and for providing the user inputs and requesting information to a host processor, the host processor comprising: a memory containing issue databases having information about debt issues available to be traded, quote databases containing data about quotes of the debt issues available to be traded, and trade databases for maintaining data about trades; communications means, coupled to the memory means, for receiving from the plurality of user stations user inputs about quotes for the issues to be traded, for receiving requests for data from the issue databases and the quote databases, for providing the requested data to the requesting one of the plurality of user stations, and for receiving from the plurality of user stations data indicating actual trade executions; and processing means, coupled to the communications means and the memory, for controlling the memory and the communications means, for transferring to the memory the received requests and user inputs, and for transferring to the communications means the requested data.
Claim 8
Dependent Claim
25 words
The host processor of claim 5, wherein the data contained in the quote databases comprise information about bid and offer prices for the debt issues.
Claim 9
Dependent Claim
17 words
The host processor of claim 5 further including participant databases having information about users of the system.
Claim 10
Dependent Claim
25 words
The host processor of claim 5, wherein trades of debt issues are made through broker's brokers, thereby preserving anonymity of dealers of the debt issues.
Claim 11
Dependent Claim
24 words
The host processor of claim 5, wherein the processing means does not match bid and offer prices to automatically execute trading of debt issues.
Claim 12
Dependent Claim
184 words
In a quote-driven system for reporting the trading of debt issues having a host processing system storing databases, a plurality of user stations, each connected to the host processing system and each comprising: display means for displaying data from issue databases, quote databases, and trade databases in the host processing systems, the issue databases containing information about debt issues available to be traded, the quote databases containing data about bid and offer prices for the debt issues available to be traded, and the trade databases containing data about executed trades including high, low and average trade values for specific time periods; input means for receiving user inputs about trades of the issues available to be traded and identifying the data from the issue databases and the quote databases to be displayed on the display means and providing to the host processing system the user inputs, said input means further including means for receiving user inputs about executed trades, and communications means for receiving the data to be displayed from the host processing system and for transmitting the user inputs to the host processing system.
Claim 13
Dependent Claim
184 words
In a quote-driven system for reporting the trading of debt issues having a host processing system storing databases, a plurality of user stations, each connected to the host processing system and each comprising: display means for displaying data from issue databases, quote databases, and trade databases in the host processing systems, the issue databases containing information about debt issues available to be traded, the quote databases containing data about bid and offer prices for the debt issues available to be traded, and the trade databases containing data about executed trades including high, low and average trade values for specific time periods; input means for receiving user inputs about trades of the issues available to be traded and identifying the data from the issue databases and the quote databases to be displayed on the display means and providing to the host processing system the user inputs, said input means further including means for receiving user inputs about executed trades, and communications means for receiving the data to be displayed from the host processing system and for transmitting the user inputs to the host processing system.
Claim 14
Dependent Claim
63 words
The user stations of claim 10 wherein the display means of each user station includes means for displaying data from the quote databases, and wherein the input means includes means for providing to the host processing system user inputs about quotes for the issues available to be traded and identifying the data from the quote databases to be displayed on the display means.
Claim 15
Dependent Claim
42 words
The user stations of claim 10 wherein the host includes participant databases having information about users of the system, and wherein the input means includes means for providing to the host processing system user inputs about the current user of the system.
Claim 16
Dependent Claim
25 words
The user stations of claim 10, wherein trades of debt issues are made through broker's brokers, thereby preserving anonymity of dealers of the debt issues.
Claim 17
Dependent Claim
25 words
The user stations of claim 10, wherein the host processing system does not match bid and offer prices to automatically execute trading of debt issues.
Claim 18
Dependent Claim
52 words
The user stations of claim 10 or 11 wherein the display means includes means for displaying the data organized into markets which are predefined subsets of the debt issues available to be traded, and wherein the input means includes means for providing to the host processing system user inputs identifying the markets.
Claim 19
Independent Claim
134 words
A method for reporting the trading of debt issues comprising the steps, executed by a data processing system and a plurality of user stations, of: displaying at user stations data from issue databases, quote databases, and trade databases, the data from the issue databases containing information about debt issues available to be traded, the data from the trade databases containing data about bid and offer prices for the debt issues available to be traded, and the data from the trade databases containing data about executed trades; receiving from user stations user inputs about quotes for the issues available to be traded; receiving from user stations data about executed trades; and providing at the user stations identifications of the data from the issue databases and the quote databases to be displayed on the display means.
Claim 20
Independent Claim
134 words
A method for reporting the trading of debt issues comprising the steps, executed by a data processing system and a plurality of user stations, of: displaying at user stations data from issue databases, quote databases, and trade databases, the data from the issue databases containing information about debt issues available to be traded, the data from the trade databases containing data about bid and offer prices for the debt issues available to be traded, and the data from the trade databases containing data about executed trades; receiving from user stations user inputs about quotes for the issues available to be traded; receiving from user stations data about executed trades; and providing at the user stations identifications of the data from the issue databases and the quote databases to be displayed on the display means.
Claim 21
Dependent Claim
48 words
The method of claim 16 further including the steps of: displaying data from the quote databases; providing to the data processing system user inputs about quotes for the issues available to be traded; and identifying the data from the quote databases to be displayed on the display means.
Claim 22
Dependent Claim
25 words
The method of claim 16 further including the step of providing to the data processing system user inputs about a current user of the system.
Claim 23
Dependent Claim
24 words
The system of claim 1, wherein trades of debt issues are made through broker's brokers, thereby preserving anonymity of dealers of the debt issues.
Claim 24
Dependent Claim
24 words
The system of claim 1, wherein the host processing system does not match bid and offer prices to automatically execute trading of debt issues.
Claim 25
Dependent Claim
24 words
The method of claim 16, wherein trades of debt issues are made through broker's brokers, thereby preserving anonymity of dealers of the debt issues.
Claim 26
Dependent Claim
24 words
The method of claim 16, wherein the data processing system does not match bid and offer prices to automatically execute trading of debt issues.
Claim 27
Dependent Claim
30 words
The method of claim 16 or 17, further including the steps of: displaying the data organized into markets, and providing to the data processing system user inputs identifying the markets.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2001-09-14 | 2002-03-16 | 2002-09-15 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2005-09-14 | 2006-03-16 | 2006-09-15 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2009-09-14 | 2010-03-16 | 2010-09-15 | $7700.00 | Window Closed / Lapsed |