An Electronic Order Book with Security Rights
First Claim
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1. A securities reporting system comprising:
- a market order book that displays the rights holder of the security being traded.
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Abstract
The invention is an order book that actually displays the rights holder of the security being traded. The only existing electronic security order books are done with the “street name” of the firm trading the security. The actual rights holder cannot be tracked because there is no transparency (no ability to see past the brokerage firm). This leads to fraud and manipulation in securities marketplaces. The system provides significant improvement and adds value as it allows regulators to see who the rights holder/beneficial owner is. This improves visibility for regulators, reducing fraud, thereby reducing risk and increasing liquidity.
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Citations
23 Claims
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1. A securities reporting system comprising:
a market order book that displays the rights holder of the security being traded. - View Dependent Claims (2, 3, 4, 5, 6, 7, 10)
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8. A system, as claimed in claim 8 further comprising:
- a flagging means which is flagged if trade record meet a certain criteria.
- View Dependent Claims (9)
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11. A securities reporting method comprising:
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having a market order book, and displaying the rights holder of the security being traded. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A securities reporting system comprising:
having flagging means which is flagged if trade record meet a certain criteria, and having said system will sending said information to a regulatory body. - View Dependent Claims (22, 23)
Specification