System for access to and exchange of market data
A system and method for real-time access to information and for information exchange regarding securities markets. The system allows access to securities data obtained from multiple sources, and allows a wide variety of data pertaining to a particular security to be simultaneously displayed. The data may further be automatically and continuously updated in real time, and users may contribute securities data to the system. The system further eases the creation of investment portfolios by relieving the user of the need to type bond identification numbers, issue names, coupons, or maturity data when creating and editing a portfolio.
1. A method of providing an on-line interactive computer price discovery system, the method comprising:
receiving, by a processor of a computing device, securities market information from two or more external sources, wherein securities market information from each external source is provided in a real-time data feed, time-delayed data feed, or batch data feed;
receiving, by the processor, securities market information from one or more users of the interactive computer price discovery system, wherein information received from the one or more users includes data identifying users with whom the information provided may be shared;
storing, by the processor, in a database, the securities market information received from two or more external sources and the securities market information received from one or more users of the interactive computer price discovery system;
receiving, by the processor, a query for securities market information related to one or more securities, wherein the query is associated with a user of the system and includes a securities identifier;
retrieving, by the processor, from the database, securities market information responsive to the query, wherein the retrieved securities market information includes the securities market information received from two or more external sources and the securities market information received from one or more users of the interactive computer price discovery system, and wherein the retrieved securities market information comprises one or more members selected from the group consisting of:
securities data, a price, a price source identifier, a price source date, price source data, source identity information, price time information, permitted price user identifiers, price user data, and price user identifier information;
providing, by the processor, for display on a graphical user interface, the retrieved securities market information, wherein the retrieved securities market information provided for display on a graphical user interface is updated as securities market information responsive to the query is received from external sources and users of the system.
2. The method of claim 1 , comprising: updating the retrieved securities market information automatically as data is received from users and external sources.
3. The method of claim 1 , wherein the securities market information further comprises one or more members selected from the group consisting of: available pricing, yield, spread, research notes, amount of bid and offer, yield to worst, and spread to worst.
4. The method of claim 1 , comprising: providing, by the processor, the retrieved securities market information to other users in real-time in response to a request of a second user.
5. The method of claim 1 , comprising: sorting, by the processor, the portion of the retrieved securities market information provided for display on the graphical user interface in at least one of an ascending or descending manner.
6. The method of claim 1 , wherein said database comprises a single database.
7. The method of claim 1 , wherein said processor comprises one processor.
8. The method of claim 1 , wherein the retrieved securities market information provided for display on the graphical user interface is updated by continuously querying the database.
9. A method of claim 1 , wherein the external sources include one or more members selected from the group consisting of pricing services, financial market sources, market reports, pricing firms, and research firms.
10. A method of claim 1 , wherein the instructions, when executed, further cause the processor to store, in the database, market securities information received from one or more external sources or one or more users of the interactive computer price discovery system.
11. A method of claim 1 , wherein the retrieved securities market information provided for display on a graphical user interface is updated in real time as securities market information responsive to the query is received from external sources and users of the system.
12. An on-line interactive computer price discovery system comprising:
a processor; and
a non-transitory computer readable medium storing instructions thereon wherein the instructions, when executed, cause the processor to:
receive a query for securities market information related to one or more securities, wherein the query is associated with a user of the system and includes a securities identifier;
retrieve, from a database, securities market information responsive to the query, wherein the retrieved securities market information in the database includes:
securities market information received from one or more external sources in at least one of real-time data feeds, time-delayed data feeds, and batch data feeds, and
securities market information received from one or more users of the interactive computer price discovery system, wherein information received from the one or more users includes data identifying users with whom the information provided may be shared; and
provide, for display on a graphical user interface, at least a portion of the retrieved securities market information, wherein the retrieved securities market information provided for display on a graphical user interface is updated as securities market information responsive to the query is received from external sources and users of the system.
13. A system of claim 12 , wherein the external sources include one or more members selected from the group consisting of pricing services, financial market sources, market reports, pricing firms, and research firms.
14. The system of claim 12 , wherein the retrieved securities market information provided for display on a graphical user interface is updated in real time.
15. The system of claim 12 , wherein the retrieved securities market information provided for display on the graphical user interface is updated by continuously querying the database.
16. A system of claim 12 , wherein the instructions, when executed, further cause the processor to update the retrieved securities market information automatically as data is received from users.
17. A system of claim 12 , wherein the securities market information further comprises one or more members selected from the group consisting of: securities data, a price, a price source identifier, a price source date, price source data, source identity information, price time information, permitted price user identifiers, price user data, and price user identifier information, available pricing, yield, spread, research notes, amount of bid and offer, yield to worst, and spread to worst.
18. A system of claim 12 , wherein the database comprises a single database.
19. A system of claim 12 , wherein the processor comprises one processor.