Transaction communication system

• US 20020091615A1
• Filed: 01/09/2001
• Published: 07/11/2002
• Est. Priority Date: 01/09/2001
• Status: Abandoned Application

• Current Assignee: Joseph M. Salvani
• Original Assignee: Joseph M. Salvani
• Inventors: Salvani, Joseph M.
• Application Number:
  US09/757,337
• Publication Number:
  US 20020091615A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

The invention is a front-end brokerage service application, in a format, such as a java or direct X applets, embedded code or other internet applications, that can be imbedded into third party web page, HTML or other rich media enabled e-mail, web enabled desktop applications or other forms of rich media which allow internet communication, i.e., a document in any format which can be read in a web browser. The application communicates through the third party'"'"'s server to a broker/dealer which provides trading transaction support and streaming real time and delayed financial data feeds. A middleware layer provides a transaction routing from the front end application to an appropriate transaction system. As an alternative to a web page, the application may be embedded in a HTML or other rich media enabled e-mail or in a program, such as a personal finance and spread sheet, which provides for interaction with the internet. In each case, the present invention merely acts as a conduit between the trader and the dealer/broker. It does not make any trades itself nor preform any matching between buyers and sellers to make the trade.

Claims

1. A method for allowing a trader access in an application that allows access to information via the internet document to multiple alternative sources for commercial transactions including the steps of:

providing in a web document, an application which provides communication over a network;

allowing the trader to identify himself through said application;

confirming that the trader is authorized to trade using the application;

selecting through said application one of multiple sources for said commercial transactions;

confirming that the trader is authorized to conduct trades with the selected source; and

connecting the user to the selected source through said network.

2. A method according to claim 1, wherein the application is in communication with an application server.

3. A method according to claim 2, wherein the application server also supplies the web document and is in communication with the web document and the application through the internet.

4. A method according to claim 2, wherein said application server communicates with a log-in authentication server which confirms that the trader is allowed to use the application, said log-in authentication server also being in communication with application servers for other traders.

5. A method according to claim 1, wherein the trader conducts trades in said commercial transactions through said source using the application.

6. A method according to claim 5, wherein the trades are in commercial instruments and the sources are broker/dealers.

7. A method according to claim 5, wherein the trades are in stocks and the sources are broker/dealers and/or electronic exchanges.

8. A method according to claim 5, wherein the trades are in commodity futures and the sources are broker/dealers.

9. A method according to claim 5, wherein the trades are in goods and the sources are vendors of such goods.

10. A method according to claim 5, wherein the trades are in services and the sources are vendors of such services.

11. A method according to claim 1, wherein the web document is displayed in a web browser.

12. A method according to claim 1, wherein the web document is in an e-mail.

13. A method according to claim 1, wherein the web document is embedded in a desktop application.

15. A system according to claim 14, wherein commercial transactions are conducted through brokers.

16. A system according to claim 14, wherein commercial transactions are conducted through electronic exchanges.

17. A system according to claim 14, wherein commercial transactions are conducted through vendors.

18. A system according to claim 14, wherein the means embedded in such web document for connecting with a server, communicates with the server through the internet.

19. A system according to claim 18, wherein the means for obtaining authorizations for a trader to communicate with multiple broker/dealers through said server is a log-in authentication server which confirms that the trader is allowed entry to the system, said log-in authentication server also being in communication with servers for other traders.

20. A system according to claim 14, wherein the web document is displayed in a web browser.

21. A system according to claim 14, wherein the web document is embedded in an e-mail.

22. A system according to claim 14, wherein the web document is embedded in a desktop application.

24. A system according to claim 23, wherein the means embedded in such web document for connecting with a server, communicates with the server through the internet.

25. A system according to claim 23, wherein the web document is displayed in a web browser.

26. A system according to claim 23, wherein the web document is embedded in an e-mail.

27. A system according to claim 23, wherein the web document is embedded in a desktop application.

14. A system for the trading in commercial transactions over the internet comprising:

a web document;

means embedded in such web document for connecting with a server;

means for displaying the web document;

means for obtaining authorizations for a trader to communicate with multiple broker/dealers through said server;

means for selecting one of a multiple of broker/dealers in said commercial transaction provided through the means embedded in such web document;

means for authorizing the trader to deal with the selected broker/dealer; and

means for conducting commercial transactions from said original communication means to said selected broker through said server.

23. A system for the trading in commercial transactions through brokers over the internet comprising:

a web document;

means embedded in such web document for connecting with a server;

means for displaying an web document;

means for selecting one of a multiple of broker/dealers in said commercial transaction provided through the means embedded in such Web document; and

means for conducting commercial transactions from said original communication means to said selected broker through said server.