| 摘要 |
A network based trading system and method are provided which combine economi es- of-scale enjoyed by institutional investors and mutual funds with direct ownerships of securities to permit individual investors to participate in th e bond market in a cost effective manner. Through team investing (600), institutional economies-of-scale are created for individuals by allowing groupings of individuals to buy and sell bonds as a "team", thereby executin g one cost-efficient trade in the institutional market rather than many smalle r trades in the inefficient trade in the institutional market rather than many smaller trades in the inefficient retails market. Also, through customer-to- customer (C2C) trading, customers are allowed to negotiate a trade directly with one another as an alternative to selling in the inter-dealer market. Th e system and method also incorporate an automatic risk assessment and trade approval routine for evaluating a proposed trade of a financial instrument which was received from a customer in an electronic form. |
