Financial data processing system

• US 20050203825A1
• Filed: 09/30/2004
• Published: 09/15/2005
• Est. Priority Date: 10/14/2003
• Status: Active Grant

• Current Assignee: FTEN, Inc. (Nasdaq, Inc.)
• Original Assignee: FTEN, Inc. (Nasdaq, Inc.)
• Inventors: Prasad, A. M., LaFever, Malcolm Gary, Kittelsen, Douglas Guy, Myerson, Ted Nathan, Angle, Corby Drake
• Granted Patent: US 7,778,915 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method of processing financial articles of trade is provided. The method includes collecting real time data from a plurality of liquidity destinations in trading at least one of securities, commodities, options, futures and derivatives, the real time data including information on submitted transactions of financial articles of trade. The real time data collected from the plurality of liquidity destinations is aggregated. The real time data is streamed in a standardized form. User criteria are established to identify relevant portions of the streamed real time data. The streamed real time data is analyzed according to the user criteria. The analyzed real time data is consolidated into a computer data base.

Claims

1. A method of processing financial articles of trade comprising:

collecting real time data from a plurality of liquidity destinations trading at least one financial article of trade, the real time data including information on submitted transactions of financial articles of trade;

aggregating the real time data collected from the plurality of liquidity destinations;

streaming the real time data in a standardized form;

establishing user criteria to identify relevant portions of the streamed real time data;

consolidating the real time data and user defined criteria into a computer data base;

comparing the streamed real time data against the user defined criteria; and

identifying situations where the streamed real time data matches the user defined criteria.

2. The method of claim 1, further comprising the step of analyzing the real time data with respect to the user criteria.

3. The method of claim 2, wherein the step of analyzing the real time data includes monitoring requests with respect to user criteria.

4. The method of claim 2, wherein the step of analyzing the real time data includes setting up parameters for the user and comparing the parameters with the parsed real time data.

5. The method of claim 4, wherein the step of analyzing the real time data includes providing a risk analysis based on the user criteria and the parameters.

6. The method of claim 5, wherein the step of analyzing the real time data includes comparing and consolidating the real time data with information obtained from other sources.

7. The method of claim 1, further comprising the step of initiating an action component of the system based on the analysis of the real time data.

8. The method of claim 7, wherein the step of initiating an action component includes displaying the relevant portions of real time data.

9. The method of claim 1, further comprising the step of initiating an awareness component of the system by providing the user with information to assist in at least one of acting to mitigate the impact of undesirable situations and acting to maximize the impact of desirable situations.

10. The method of claim 9, wherein the step of initiating the awareness component includes notifying the user with an alert.

11. The method of claim 1, wherein the step of streaming the real time data includes a step of normalizing the real time data into the standardized form.

12. The method of claim 1, wherein the step of establishing user criteria includes identifying a specific client involved in a transaction of financial articles of trade.

13. The method of claim 1, wherein the step of establishing user criteria includes identifying a specific client and broker involved in a transaction of financial articles of trade.

14. The method of claim 1, wherein the step of establishing user criteria includes identifying a specific client, broker and clearing firm involved in a transaction of financial articles of trade.

15. A financial article of trade data processing system comprising:

a data communication element arranged to connect to and collect real time data from a plurality of liquidity destinations for trading at least one of securities, commodities, options, futures and derivatives, the real time data including information on submitted transactions of financial articles of trade;

a computer communicating with the data communication element and programmed to aggregate the real time data collected from the plurality of liquidity destinations and stream the real time data in a standardized form; and

a user parameter element established for comparing relevant portions of the real time data,

the computer being programmed to analyze the real time data according to the user parameter element, and to consolidate the real time data into a computer data base.

16. The system of claim 15, wherein the computer is programmed to analyze the real time data with respect to the user parameter element.

17. The system of claim 16, wherein the computer is programmed to monitor requests with respect to the user parameter element.

18. The system of claim 16, wherein the computer is programmed to read criteria for the user and to compare the criteria with the real time data.

19. The system of claim 18, wherein the computer is programmed to provide a risk analysis based on the user parameter element and the user criteria.

20. The system of claim 19, wherein the computer compares the real time data with information obtained from other sources.

21. The system of claim 15, further comprising an action component based on the real time data.

22. The system of claim 21, further comprising a display device to display the relevant portions of real time data to the user.

23. The system of claim 15, further comprising an awareness component based on the real time data.

24. The system of claim 23, wherein the awareness component provides the user with information to assist in at least one of acting to mitigate the impact of undesirable situations and acting to maximize the impact of desirable situations

25. The system of claim 23, wherein the awareness component includes a connection to hardware to notify the user with an alert.

26. The system of claim 15, wherein the computer is programmed to normalize the real time data into the standardized form.

27. The system of claim 15, wherein the user parameter element includes a specific client identification involved in a transaction of financial articles of trade.

28. The system of claim 15, wherein the user parameter element includes at least one of a specific client identification and a clearing firm identification involved in a transaction of financial articles of trade.