System for integrating post-trade processing applications

• US 20080065524A1
• Filed: 09/13/2006
• Published: 03/13/2008
• Est. Priority Date: 09/13/2006
• Status: Abandoned Application

• Current Assignee: Omgeo LLC (The Depository Trust & Clearing Corporation)
• Original Assignee: Omgeo LLC (The Depository Trust & Clearing Corporation)
• Inventors: Matthews, Steven, Walsh, Christopher J.
• Application Number:
  US11/520,264
• Publication Number:
  US 20080065524A1
• 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
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A system for facilitating post-trade processing of a securities trade including an integration server, a plurality of post-trade systems accessible by the integration server, software executing on the integration server for receiving trade allocation data from at least one investment manager via a user interface, software executing on the integration server for receiving trade execution data from at least one broker, software executing on the integration server for determining, at least in part based on content of the data, at least one of the post-trade systems corresponding to at least one of the trade execution data and the trade allocation data, software executing on the integration server for sending at least a portion of the trade execution data and the trade allocation data to the at least one determined post-trade system, and software executing on the integration server for receiving confirmation data from the at least one determined post-trade system.

Claims

1. A system for facilitating post-trade processing of a securities trade, comprising:

an integration server;

a plurality of post-trade systems accessible by said integration server;

software executing on said integration server for receiving trade allocation data from at least one investment manager via a user interface;

software executing on said integration server for receiving trade execution data from at least one broker;

software executing on said integration server for determining, at least in part based on content of the data, at least one of the post-trade systems corresponding to at least one of the trade execution data and the trade allocation data;

software executing on said integration server for sending at least a portion of the trade execution data and the trade allocation data to the at least one determined post-trade system; and

software executing on said integration server for receiving confirmation data from the at least one determined post-trade system.

2. The system according to claim 1, further comprising:

translation software executing on said integration server for translating at least one of the trade execution data and the trade allocation data to a format corresponding to the at least one post-trade system.

3. The system according to claim 1, wherein said plurality of post-trade systems include post-trade systems for processing securities trades for each of at least three asset classes.

4. The system according to claim 3, wherein the plurality of post-trade systems include at least one securities trade matching system and at least one post-trade system for providing trade settlement instructions.

5. The system according to claim 3, wherein each of the trade execution data and the trade allocation data includes an asset class identifier, wherein said at least one post-trade system is determined based on the asset class identifier.

6. The system according to claim 1, further comprising:

a table of data identifiers accessible by said integration server for identifying one or more of the plurality of post-trade systems,

wherein said software for determining the at least one post-trade system compares at least a portion of each of the trade allocation data and the trade execution data to the data identifiers.

7. The system according to claim 1, wherein the confirmation is indicative of a matched trade.

8. The system according to claim 1, wherein the confirmation data is displayed on the user interface.

9. The system according to claim 1, further comprising:

software executing on said integration server for determining status data for a plurality of securities trades; and

software executing on said integration server for providing the status data to the at least one investment manager via the user interface.

10. The system according to claim 1, wherein the at least one broker is one of an equities broker, a fixed-income investments broker, a money markets broker and a derivatives broker.

11. The system according to claim 1, further comprising:

at least one enrichment database accessible by said integration server; and

software executing on said integration server for enriching at least one of the trade execution data and trade allocation data with enrichment data from the at least one enrichment database.

12. The system according to claim 1, further comprising:

at least one communications platform accessible by said integration server.

13. The system according to claim 1, wherein the trade execution data is indicative of an executed securities trade and the trade allocation data is indicative of an ordered securities trade.

14. A system for facilitating post-trade processing of a securities trade, comprising:

an integration server;

a plurality of trade matching applications accessible by said integration server for matching trades in at least three asset classes;

software executing on said integration server for receiving trade allocation data from at least one first trading party via a user interface;

software executing on said integration server for receiving trade execution data from at least one second trading party;

software executing on said integration server for determining, based at least in part on content of the data, at least one of the plurality of trade matching applications corresponding to each of the trade execution data and the trade allocation data;

an application accessible by said integration server for receiving trade settlement instructions corresponding to at least one of the trade allocation data and the trade execution data; and

software executing on said integration server for providing status data from the plurality of trade matching applications to the at least one first trading party via the user interface.

15. The system according to claim 14, further comprising:

software executing on said integration server for determining one of the at least three asset classes corresponding to each of the trade execution data and the trade allocation data.

16. The system according to claim 14, wherein the asset classes include equities, fixed income, derivatives, and cash.

17. A method for facilitating post-trade processing, comprising the steps of:

receiving a plurality of trade allocation data from at least one first trading party;

receiving a plurality of trade execution data from at least one second trading party;

determining an asset class for each of the trade execution data and the trade allocation data;

determining a post-trade matching system for each of the trade execution data and the trade allocation data;

comparing trade execution data pertaining to a particular asset class with trade allocation data pertaining to the particular asset class to determine a match; and

generating confirmation data for transmission to the at least first trading party and the at least one second trading party if a match is found.

18. The method according to claim 17, further comprising the step of:

translating at least one of the trade execution data and the trade allocation data to a data format corresponding to the determined post-trade matching system.

19. The method according to claim 17, wherein the asset class is one of equities, fixed income, derivatives, and cash.

20. The method according to claim 17, further comprising the step of:

generating exception data for transmission to the at least one first trading party and the at least one second trading party if no match is found.