System and method for providing access to data from proprietary tools

• US 20040153418A1
• Filed: 02/05/2003
• Published: 08/05/2004
• Est. Priority Date: 02/05/2003
• Status: Abandoned Application

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Hanweck, Gerald Alfred
• Application Number:
  US10/358,921
• Publication Number:
  US 20040153418A1
• Time in Patent Office: Days
• US Class Current: 705/67
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

In certain aspects, the invention features a system and method for providing selected customers of a financial institution with access to secure data. A system embodiment of the present invention may include a computer-implemented market analysis tool adapted to compute, based on a market condition, financial data derived from a publicly available data source for a financial instrument, wherein the market analysis tool is proprietary and accessible only by authorized personnel within the financial institution. In accordance with such an aspect, the system may further include a first computing device configured to: receive, from at least one of the selected customers, a request for the financial institution to perform a predefined function, wherein the selected customer includes a user other than the authorized personnel, wherein the predefined function uses the derived financial data to create a result, and wherein the request is generated at least in part by including an identifier corresponding to the predefined function in a spreadsheet program running or otherwise accessible on a second computing device; and provide the result of the predefined function to the second computing device.

Claims

1. A system for use in providing selected customers of a financial institution with access to secure data, said system comprising:

a computer-implemented market analysis tool adapted to compute, based on a market condition, a financial data derived from a publicly available data source for a financial instrument, wherein said market analysis tool is proprietary and accessible only by authorized personnel within said financial institution; and

a first computing device configured to;

receive, from at least one of said selected customers, a request for said financial institution to perform a predefined function, wherein said selected customer comprises a user other than said authorized personnel, wherein said predefined function uses said derived financial data to create a result, and wherein said request is generated at least in part by including an identifier corresponding to said predefined function in a spreadsheet program running or otherwise accessible on a second computing device; and

provide said result of said predefined function to said second computing device.

2. The system of claim 1, further comprising an interface adapted to interpret said result for use by at least one of said selected customers.

3. The system of claim 2, wherein said interface comprises a software program provided by said financial institution for execution on said second computing device.

4. The system of claim 2, wherein said result comprises a stream of unformatted data to be interpreted by said interface.

5. The system of claim 1, wherein said predefined function comprises accessing a database controlled by said financial institution, said database comprising said derived financial data.

6. The system of claim 1, wherein said predefined function comprises an instruction causing said computer-implemented market analysis tool to compute said derived financial data.

7. The system of claim 1, wherein said second computing device is in communication with said first computing device via a public network.

8. The system of claim 7, wherein said public network comprises an internet.

9. The system of claim 1, wherein said financial instrument comprises an equity derivative.

10. The system of claim 1, wherein said market condition comprises information obtained by said financial institution from a third party.

11. The system of claim 1, wherein said computer-implemented market analysis tool comprises an analytics model used by said financial institution to evaluate a risk factor associated with a financial instrument.

12. The system of claim 1, wherein said first computing device comprises a server device controlled by said financial institution and said second computing device comprises a client device controlled by at least one of said selected customers.

13. The system of claim 1, wherein said market analysis tool comprising a pricing tool, and said derived financial data comprises a price for a financial instrument.

14. A computer-implemented method for providing selected customers of a financial institution with access to secure data, the method comprising:

computing financial data derived from a publicly available data source using a computer-implemented market analysis tool that is proprietary and accessible only by authorized personnel within said financial institution;

receiving, from at least one of said selected customers, a request for said financial institution to perform a predefined function, wherein said selected customer comprises a user other than said authorized personnel, wherein said predefined function uses said derived financial data to create a result, and wherein said request is generated at least in part by including an identifier corresponding to said predefined function in a spreadsheet program running or otherwise accessible on a remote computing device accessible by said selected customer;

performing said predefined function; and

providing said result of said predefined function to said remote computing device.

15. The method of claim 14, further comprising formatting said result for use by at least one of said selected customers, said formatting comprising coding said result for decoding by an interface comprising a software program for execution on said remote computing device, said software program provided by said financial institution.

16. The method of claim 14, wherein said result comprises a stream of unformatted data for use in said spreadsheet program.

17. The method of claim 14, wherein said performing said predefined function comprises accessing a database controlled by said financial institution, said database comprising said derived financial data.

18. The method of claim 14, wherein said performing said predefined function comprises causing said computer-implemented market analysis tool to compute said derived financial data.

19. The method of claim 14, wherein said financial instrument comprises an equity derivative.

20. The method of claim 14, further comprising obtaining said market condition from a third party.

21. The method of claim 14, wherein said computer-implemented market analysis tool comprises an analytics model used by said financial institution to evaluate a risk factor associated with a financial instrument.

22. The method of claim 14, wherein said market analysis tool comprising a pricing tool, and said derived financial data comprises a price for a financial instrument.

23. A computer-implemented method, comprising:

calculating a price for a derivative financial instrument, said calculating comprising accessing a proprietary information source to produce a result;

receiving a request from a client computer, wherein said request comprises a calling statement corresponding to an approved operation, and said client computer comprises a codec module and a spreadsheet application; and

transmitting to said client computer an unformatted data stream comprising said result.

24. The method of claim 23, further comprising using said codec module to prepare said result for use in said spreadsheet application.

25. The method of claim 23, wherein said proprietary information source comprises a collection of data generated by a proprietary tool.