An Electronic Order Book with Security Rights

• US 20050102216A1
• Filed: 08/14/2003
• Published: 05/12/2005
• Est. Priority Date: 08/14/2003
• Status: Abandoned Application

• Current Assignee: Glenn Ballman
• Original Assignee: Glenn Ballman
• Inventors: Ballman, Glenn
• Application Number:
  US10/604,766
• Publication Number:
  US 20050102216A1
• 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 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.

Claims

1. A securities reporting system comprising:

a market order book that displays the rights holder of the security being traded.

2. A system according to claim 1 in which said system is a data processing system.

3. A system according to claim 2 in which said system is processed in a client server system.

4. A system according to claim 2 in which said system is connected to through the Internet.

5. A system according to claim 2, further comprising:

(a) computer processor

means for processing data;

(b) storage means for storing said data on a storage medium;

(c) communication means for transmitting data in a secure environment to and from various remote locations; and

(d) computer software means for creating and displaying trade data concerning a particular trade in the form of a trade record.

6. A system, as claimed in claim 5 wherein said computer software means further comprises:

means for inputting and storing system information on said storage means.

7. A system, as claimed in claim 5 further comprising:

means for monitoring the modification of trade data in respective trade records which are created by said computer software means.

10. A system, as claimed in claim 1 further comprising:

where said rights holder is verified through a verification means.

8. A system, as claimed in claim 8 further comprising:

a flagging means which is flagged if trade record meet a certain criteria.

9. A system, as claimed in claim 8 further comprising:

when said flagging means is flagged then said system will send said information to a regulatory body.

11. A securities reporting method comprising:

having a market order book, and

displaying the rights holder of the security being traded.

12. A method according to claim 11 in which includes having said system being a data processing system.

13. A method according to claim 12 in which includes having said system being processed in a client server system.

14. A method according to claim 12 in which includes having said system being connected to through the Internet.

15. A method according to claim 12, further comprising:

(a) having a computer processor means for processing data;

(b) having a storage means for storing said data on a storage medium;

(c) having a communication means for transmitting data in a secure environment to and from various remote locations; and

(d) having a computer software means for creating and displaying trade data concerning a particular trade in the form of a trade record.

16. A method, as claimed in claim 15 which includes having means for inputting and storing system information on said storage means.

17. A method, as claimed in claim 15 further comprising:

having means for monitoring the modification of trade data in respective trade records which are created by said computer software means.

18. A method, as claimed in claim 17 further comprising:

having a flagging means which is flagged if trade record meet a certain criteria.

19. A method, as claimed in claim 17 further comprising:

flagging said flagging means and having said system sending said information to a regulatory body.

20. A method, as claimed in claim 11 further comprising:

verifying said rights holder through a verification means.

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.

22. A system according to claim 21, further comprising:

(a) having a computer processor means for processing data;

(b) having a storage means for storing said data on a storage medium;

(c) having a communication means for transmitting data in a secure environment to and from various remote locations; and

(d) having a computer software means for creating and displaying trade data concerning a particular trade in the form of a trade record.

23. A system, as claimed in claim 21 further comprising:

where said rights holder is verified through a verification means.