Steven L Winter

US Patent:

8050999, Nov 1, 2011

Filed:

Jul 25, 2007

Appl. No.:

11/782822

Inventors:

Keith Peckholdt - West Islip NY, US
Thomas Veneziano - Staten Island NY, US
Steven Winter - Staten Island NY, US

Assignee:

Bank of America Corporation - Charlotte NC

International Classification:

G06Q 40/00

US Classification:

705 37, 705 35, 705 36 R, 705 38

Abstract:

Lender anonymity securities lending where trade criteria associated with a security owned by a client are determined. Bids for the security are monitored by a first entity. A trade related to the security is executed by accepting a best bid from the monitored bids based on the trade criteria. An identical trade related to the security is automatically executed with a second entity. A second identical trade as the trade related to the security is automatically executed with inter-dealer brokers without any knowledge of the first entity. The first entity may be a banking division of a financial institution and the second entity may be a broker/dealer division of a financial institution. Complete anonymity is provided to the client from the inter-dealer brokers since the trade executed automatically with the second entity is put into a separate trading book maintaining a firewall between the client and the inter-dealer brokers.