US 11,790,446 B2
Electronic completion of cash versus futures basis trades
Richard P. Goodman, West Sussex (GB); and Michael Sweeting, Surrey (GB)
Assigned to BGC PARTNERS, INC., New York, NY (US)
Filed by BGC Partners, Inc., New York, NY (US)
Filed on Nov. 29, 2021, as Appl. No. 17/536,188.
Application 17/536,188 is a continuation of application No. 16/520,423, filed on Jul. 24, 2019, granted, now 11,188,982.
Application 16/520,423 is a continuation of application No. 15/646,158, filed on Jul. 11, 2017, granted, now 10,387,955, issued on Aug. 20, 2019.
Application 15/646,158 is a continuation of application No. 14/063,758, filed on Oct. 25, 2013, abandoned.
Application 14/063,758 is a continuation of application No. 13/595,229, filed on Aug. 27, 2012, granted, now 8,571,970, issued on Oct. 29, 2013.
Application 13/595,229 is a continuation of application No. 10/940,574, filed on Sep. 13, 2004, granted, now 8,255,314, issued on Aug. 28, 2012.
Prior Publication US 2022/0180433 A1, Jun. 9, 2022
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/04 (2012.01)
CPC G06Q 40/04 (2013.01) 19 Claims
OG exemplary drawing
 
1. A server comprising:
at least one processor configured to control:
receiving, over a communication network, from an interface of a first trading system bids and offers on an item;
displaying, over the communication network, on a graphical user interface of a device the bids and offers on the item to a user of the device;
displaying, over the communication network, on the graphical user interface at least four fields for specifying values corresponding to the at least four fields, the at least four fields defining a risk profile, the at least four fields including a risk size that defines a pre-determined quantity of an instrument, the instrument being based on the item, a risk factor that defines an excess amount of the instrument over which an availability of the instrument is tested, a risk tick that defines a threshold number of ticks from a best available bid/offer for the instrument, and a derived size limit to adjust the risk profile;
responsive to the user of the device entering on the graphical user interface the values respectively for the at least four fields, receiving, over the communication network, from the device a risk size value, a risk factor value, a risk tick value, and a derived size limit value;
displaying, over the communication network, on the graphical user interface one or more of bids and offers on the instrument from a second trading system;
determining whether an order for the instrument communicated to the second trading system was executed; and
based on a determination that the order for the instrument communicated to the second trading system was executed, executing an order for the item on the first trading system.