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Title:
相対外国為替証券の集中化された清算の方法及びシステム
Document Type and Number:
Japanese Patent JP5405116
Kind Code:
B2
Abstract:
The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.

Inventors:
Bower Schmidt, Paul, A.
Grimburg, Dmitry
Gogol, Edward, M.
Goldman, Stefan, M.
Richter, Paul, Elle.
Mitchell, Jeffrey, Earl.
Studnitzer, Ali, Elle.
Yaw, Tae, Theok, Sea.
Application Number:
JP2008541219A
Publication Date:
February 05, 2014
Filing Date:
November 08, 2006
Export Citation:
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Assignee:
CHICAGO MERCANTILE EXCHANGE, INC.
International Classes:
G06Q40/04
Domestic Patent References:
JP2006053927A
JP2004234197A
JP2003050912A
JP2004021906A
Foreign References:
GB2417345A
US20040186806
WO2005041079A2
Other References:
クロス サム・Y,外国為替市場の最新知識 ,東洋経済新報社,2000年 7月13日,初版,p.42-60,121-132
Attorney, Agent or Firm:
Shigeru Ito
Yuichiro Matsuyama