Method and System for Effecting Straight-Through-Processing of Trades of Various Financial Instruments
First Claim
1. A computer-implemented method of electronically presenting an axe trade inquiry to at least one selected buy-side entity, the method comprising:
- providing an axe generation module enabling the creation of the axe trade inquiry on behalf of a sell-side entity;
receiving axe trade details input on behalf of the sell-side entity into an interface provided by the axe generation module;
generating an electronic axe trade ticket based on the axe trade details wherein the axe trade ticket is actionable by at least one selected buy-side entity;
causing the display of the electronic axe trade ticket to the at least one selected buy-side entity; and
receiving an indication that the axe details in the electronic axe are acceptable to the at least one buy-side entity.
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Accused Products
Abstract
A Straight-Through-Processing (STP) trading platform provides a fully electronic and seamless solution to all substantially aspects of the trading cycle for fixed income instruments and other financial instruments. In an exemplary embodiment, all participants to a trade transaction have access to computer software that facilitates trade order management, trade order generation, trade execution (including electronic axes), trade allocation, allocation acknowledgement, trade confirmation, and finally acquisition of settlement instructions. In said exemplary embodiment, the STP trading platform includes computer software modules including at least an account management module and an electronic trading module to handle the various stages of executing a trade, confirming the trade, and facilitating settlement of the trade.
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Citations
9 Claims
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1. A computer-implemented method of electronically presenting an axe trade inquiry to at least one selected buy-side entity, the method comprising:
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providing an axe generation module enabling the creation of the axe trade inquiry on behalf of a sell-side entity; receiving axe trade details input on behalf of the sell-side entity into an interface provided by the axe generation module; generating an electronic axe trade ticket based on the axe trade details wherein the axe trade ticket is actionable by at least one selected buy-side entity; causing the display of the electronic axe trade ticket to the at least one selected buy-side entity; and receiving an indication that the axe details in the electronic axe are acceptable to the at least one buy-side entity. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9-26. -26. (canceled)
Specification