System and method for execution of trades made pursuant to stock option and purchase plans
First Claim
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1. A system for inquiry and processing of trades made pursuant to a trading plan including at least one of a stock option plan and a stock purchase plan, the system comprising:
- a finance system for automatic processing of a transaction pursuant to at least one of the stock option plan and the stock purchase plan; and
a communication system connected to the finance system for enabling a participant of the trading plan to input transaction information regarding a requested transaction in accordance with the trading plan,wherein the finance system includes;
a volatile data storage for storing participant information, specific to the participant, pursuant to a data transfer from a nonvolatile database of a remote third party administration system;
a first connection for accessing a quote server that provides real-time stock market quotes to the finance system;
a monitoring system for ensuring proper function of the quote server by preventing inaccurate quotes from being provided to the participant;
an interface system, connected to receive the participant information from the volatile data storage and quotes from the quote server in accordance with the monitoring system, for processing the requested transaction in accordance with the participant information; and
a second connection to a trading system for conducting the processed requested transaction on a public exchange.
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Abstract
A system and method for inquiry of option and/or stock status and for processing trades made pursuant to stock option and purchase plans is provided. Participant information is stored and transmitted to a finance system. Rules may be enforced for stock option and stock purchase plans with the finance system. Participants are provided with incentive compensation that can be utilized in a simplified, user friendly, streamlined process.
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Citations
15 Claims
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1. A system for inquiry and processing of trades made pursuant to a trading plan including at least one of a stock option plan and a stock purchase plan, the system comprising:
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a finance system for automatic processing of a transaction pursuant to at least one of the stock option plan and the stock purchase plan; and a communication system connected to the finance system for enabling a participant of the trading plan to input transaction information regarding a requested transaction in accordance with the trading plan, wherein the finance system includes; a volatile data storage for storing participant information, specific to the participant, pursuant to a data transfer from a nonvolatile database of a remote third party administration system; a first connection for accessing a quote server that provides real-time stock market quotes to the finance system; a monitoring system for ensuring proper function of the quote server by preventing inaccurate quotes from being provided to the participant; an interface system, connected to receive the participant information from the volatile data storage and quotes from the quote server in accordance with the monitoring system, for processing the requested transaction in accordance with the participant information; and a second connection to a trading system for conducting the processed requested transaction on a public exchange. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for automatically processing transactions made pursuant to a trading plan including at least one of a stock option plan and a stock purchase plan, the method comprising the steps of:
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inputting, to a volatile data storage of a finance system, participant information from a nonvolatile database of a remote third party administration system, the participant information being specific to a participant of the trading plan; inputting, via a communication system accessible by the participant, transaction information regarding a requested transaction in accordance with the trading plan; inputting to the finance system, from a quote server, real-time stock market quotes; monitoring the quote server for ensuring proper function of the quote server by preventing inaccurate quotes from being transmitted to the participant; inputting, to an interface system of the finance system, the participant information from the volatile data storage and quotes in accordance with the monitoring step; processing, by the interface system, the requested transaction in accordance with the participant information; and conducting, via a trading system connected to the finance system, the processed requested transaction on a public exchange. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15)
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Specification