Fundamental Investor Natural Demand Matching Engine

摘要

An inventive fundamental investor natural demand matching engine is disclosed. An electronic processer linked to a network, receives an indication of interest (IOI) specifying a security, a trade direction and an amount. The system attempts to pair the IOI with any previously received contra-indications of interest (c-IOI), i.e., interest in the same security but in the opposite trading direction. If matched then execute a trade. If the IOI is partially, or not, filled, possible interested counterparties are found using data gathered automatically from public records. The identity and estimated trade size of the potential counterparties are transmitted to the IOI submitting party. If interested in any potential counterparties, the submitting party authorizes sending an anonymous extended indication of interest (e-IOI) to them. If the potential counterparty is interested, a mediated negotiation occurs and if successful, a trade.

主权项

1. A fundamental investor natural demand matching engine of the present invention, comprising:
an electronic processer linked to a digital data network, said electronic processer being programmed to perform functions comprising:
receiving an indication of interest from a first party, said indication of interest comprising a trade direction and a trade maximum size;attempting to pair said indication of interest with a previously received contra-indication of interest, and if one or more contra-indications of interest are present, executing a trade between a portion of said indication of interest and said contra-indication of interest at a negotiated price or at a price determined by a reference price;if after attempting to pair said indication of interest with counter indications of interest, said trade maximum size of said indication of interest has not been reached, presenting said first party with one or more identified potential counter parties and an estimated trade size of interest of each of said potential counter parties, said identified potential counter parties and said estimated size of interest having been automatically identified and calculated from publicly available records;if authorization is received from said first party to proceed with one or more selected potential counterparties, automatically informing said selected potential counterparties of using an extended indication of interest; andif said selected potential counterparty indicates an interest, executing a trade and settling said trade.