Lawrence R Buchalter

US Patent:

H002064, May 6, 2003

Filed:

Nov 28, 2000

Appl. No.:

09/723409

Inventors:

Lawrence Buchalter - Short Hills NJ

Assignee:

Goldman, Sachs Co. - New York NY

International Classification:

G06F 1760

US Classification:

705 37

Abstract:

A method and system is provided for automated trading of fixed income securities which enables institutional investors, broker dealers and others, to transact directly and anonymously for the purpose of trading investment grade, high yield corporate bonds, municipal bonds or other fixed income securities. A financial institution acting as a Fixed Income Securities system sponsor can act as counterparty to transactions, from trade execution through settlement, and can also serve as a credit intermediary. Computer systems are utilized in conjunction with an electronic communications network to facilitate such fixed income security trading activities. Software routines can direct a trader to various fixed income securities available according to specific criteria put forth by the trader. Software routines can also provide information and services related to the automated trading of fixed income securities. Data relating to trading a fixed income security is transmitted from a Fixed Income Trading (FIT) system and information relating to the sale of a fixed income security is received.