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Internet based secure virtual exchange and distributed relational database for cross border trading of securities

  • US 20020032642A1
  • Filed: 07/24/2001
  • Published: 03/14/2002
  • Est. Priority Date: 10/13/1999
  • Status: Abandoned Application
First Claim
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1. A method for automating trade settlements, comprising:

  • providing a host system or systems with a distributed relational database accessible and updateable by more than one party to a cross border transaction;

    caching a client'"'"'s standing settlement instructions in a client profile in the distributed relational database;

    monitoring messages of a selected trade settlement client; and

    assigning a unique transaction identifier of a trade settlement for messages that include an execution file or a settlement of a trade.

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