METHOD AND APPARATUS FOR FOREIGN EXCHANGE EXECUTION OVER A NETWORK

摘要

A distributed network system supporting foreign exchange execution is described. The system allows customers to receive competitive price quotes to meet foreign exchange needs from dealers through a multi-bid foreign exchange execution process. This process encourage dealers to place more competitive price quotes while also increasing the number of price quote requests that dealers receive from their customers. The resultant win-win situation, as well as lower handling costs afforded by automatic exchange of settlement information makes the system attractive to both customers and dealers. Embodiments of the invention can operate over packet switched networks such as the Internet using latency monitoring and a mixture of guaranteed quality of service (QoS) and non-guaranteed QoS connections.