METHOD AND SYSTEM OF ANONYMOUSLY TRADING SECURITIES ON-LINE

摘要

A method of trading securities anonymously among a plurality of investors includes the steps of maintaining a database of a plurality of standing orders to trade securities; entering a first order to trade securities by a first investor on a first one of a plurality of data communication devices; encrypting the first order, thereby creating an encrypted first order; communicating the encrypted first order from the first data communication device over a public network to a host processing system; processing the encrypted first order by the host processing system, thereby creating a second order; adding the second order to the database, thereby creating a first updated database; processing the second order by the host processing system, thereby creating a first anonymous order; adding the first anonymous order to a record of a plurality of anonymous standing orders, thereby creating a first updated record; encrypting the first updated record, thereby creating an encrypted first updated record; communicating the encrypted first updated record from the host processing system over the public network to the plurality of data communication devices; matching the second order with a first standing order of a second investor, thereby creating an executed trade; and creating a settlement statement by the host processing system for the executed trade.