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Method and system for credit authorization in a member exchange

  • US 20020046152A1
  • Filed: 07/06/2001
  • Published: 04/18/2002
  • Est. Priority Date: 07/19/2000
  • Status: Active Grant
First Claim
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1. A method for processing a non-member transaction on a member securities exchange comprising:

  • transmitting a securities transaction from the non-member institution to a credit authorization service of the exchange, the credit authorization service;

    comparing a value of the securities transaction with a pre-established threshold value, the pre-established threshold at least partially established by a member of the exchange; and

    processing the securities transaction if the value of the securities transaction is below the pre-established threshold, or alternatively;

    rejecting the securities transaction if the value of the securities transaction is above the pre-established threshold; and

    receiving at the non-member institution a message from the credit authorization service, the message including an indication that the securities transaction was processed or rejected.

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