Method and system for training traders

Abstract

Techniques to cause a graphical user interface (GUI) to be displayed to a first trader computer, receive an indication to sell a simulated financial instrument from a first trader compute, receive an indication to buy the simulated financial instrument from a second trader computer, process the received indications to exchange the financial instrument, and process a transaction based on the received indication to sell and the received indication to buy.

1 - 53 . (canceled) 
     
     
         54 . An apparatus comprising:
 a processor; and   a memory having instructions stored thereon which, when executed by the processor, direct the at least one processor to:
 cause a graphical user interface (GUI) to be displayed to a first trader computer; 
 receive an indication to sell a simulated financial instrument from a first trader computer; 
 receive an indication to buy the simulated financial instrument from a second trader computer; 
 process the received indications to exchange the financial instrument; and 
 process a transaction based on the received indication to sell and the received indication to buy. 
   
     
     
         55 . The system of  claim 54 , wherein the processor to respond to a request for information. 
     
     
         56 . The system of  claim 54 , wherein the GUI comprises a trading window for a trader to input a trade request. 
     
     
         57 . The system of  claim 54 , wherein the GUI comprises any combination of downloadable spreadsheet, table, chart, graph or any method of depicting financial information. 
     
     
         58 . The system of  claim 54 , wherein the GUI displays sell orders and ask prices. 
     
     
         59 . The system of  claim 54 , wherein the GUI to display buy orders and bid prices. 
     
     
         60 . The system of  claim 54 , wherein the GUI to display information relating to a transaction. 
     
     
         61 . The system of  claim 54 , wherein the GUI to display real market information. 
     
     
         62 . The system of  claim 54 , wherein the GUI displays product information, and wherein the processor matches requests to buy and sell products. 
     
     
         63 . The system of  claim 54 , wherein the processor to process and outputs real-time product information for products in the simulated market. 
     
     
         64 . The system of  claim 54 , wherein a data transmission medium transmits and received indications between traders, a market information source, and the processor. 
     
     
         65 . The system of  claim 54 , wherein the processor to processes real-time product and market information for products in a real market. 
     
     
         66 . The system of  claim 54 , wherein the processor to process real-time market information for the simulated market. 
     
     
         67 . The system of  claim 54 , wherein the processor to calculate the price of derivatives based on pricing disparities between the simulated market and a real market. 
     
     
         68 . The system of  claim 54 , wherein the financial instrument comprises a fixed income product. 
     
     
         69 . A method comprising:
 simulating, by at least one processor, a trading market;   providing, by the at least one processor, a financial instrument to be traded within the market;   assigning an amount of the financial instrument to a first broker;   assigning an amount of simulated funds to a second broker; and   providing, by the at least one processor, a medium within the market to trade the financial instrument for an amount of simulated funds determined by the first broker and the second broker.   
     
     
         70 . The method of  claim 69 , further comprising:
 receiving from the first broker an offer to sell the financial instrument;   receiving from the second broker a bid to purchase the financial instrument matching the offer and bid.   
     
     
         71 . The method of  claim 69 , wherein the financial instrument comprises a fixed income product. 
     
     
         72 . The method of  claim 69 , further comprising:
 responsive to matching the offer and bid:
 decreasing an amount of the financial instrument associated with the first broker by a first amount; 
 increasing an amount of the financial instrument associated with the second broker by the first amount; 
 increasing an amount of simulated funds in an account associated with the first broker; and 
 decreasing an amount of simulated funds in an account associated with the second broker. 
   
     
     
         72 . A non-transitory computer-readable medium to store, in which the instructions, when executed by a processor, direct the processor to:
 cause a graphical user interface (GUI) to be displayed to a first trader;   receive an indication to sell a simulated financial instrument from a first trader;   receive an indication to buy the simulated financial instrument from a second trader;   process the received indications to exchange the financial instrument; and   process a transaction based on the received indication to sell and the received indication to buy.   
     
     
         73 . The article of  claim 72 , wherein the financial instrument comprises a fixed income product.