US 11,657,453 B2
Anonymous trading system
James A. O'Hagan, Englishtown, NJ (US); and Brian Andreyko, Colts Neck, NJ (US)
Assigned to NEX Services North America LLC, New York, NY (US)
Filed by NEX Services North America LLC, New York, NY (US)
Filed on Jul. 15, 2021, as Appl. No. 17/376,741.
Application 17/376,741 is a continuation of application No. 13/212,524, filed on Aug. 18, 2011, granted, now 11,100,577.
Claims priority of provisional application 61/375,352, filed on Aug. 20, 2010.
Prior Publication US 2021/0342944 A1, Nov. 4, 2021
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/04 (2012.01); G06Q 40/00 (2023.01)
CPC G06Q 40/04 (2013.01) [G06Q 40/00 (2013.01)] 25 Claims
OG exemplary drawing
 
1. A computer implemented method comprising:
associating each arbitrator computer of a plurality of arbitrator computers with a different one of a plurality of credit manager computers, wherein each associated arbitrator computer of the plurality of arbitrator computers is located geographically more proximate to an associated trader workstation of a plurality of trader workstations than others of the plurality of arbitrator computers;
locating the different one of the plurality of credit manager computers in a same location as the associated arbitrator computer so as to provide low network latency between a time an electronic trade order is transmitted from the associated trader workstation and received by the associated arbitrator computer and a time that a match is made by the associated arbitrator computer;
storing, by each of the plurality of credit manager computers, a credit matrix of a plurality of credit matrices storing data indicative of credit extended between a plurality of trading entities;
receiving, from one of the plurality of trader workstations by the arbitrator computer associated therewith, an electronic trade order counter to another electronic trade order received from another of the plurality of trader workstations by the arbitrator computer associated therewith;
forwarding, by the associated arbitrator computer, the received electronic trade orders to the one of the plurality of credit manager computers associated therewith;
accessing, by the one of the plurality of credit manager computers, the stored credit matrix to determine whether, for the received electronic trade orders, trading entities associated therewith have a predetermined level of credit; and
matching, by the associated arbitrator computer, the received electronic trade orders only when the associated credit manager computer has determined that the trading entities associated therewith have a predetermined level of credit.