Method and system for effecting straight-through-processing of trades of various financial instruments
First Claim
1. A computer implemented method of effecting straight-through-processing of trades executed between one or more customers having one or more customer computer systems and one or more dealers having one or more dealer computer systems, the method comprising:
- generating a trade order;
executing a block trade between the one or more customers and the one or more dealers based on the trade order wherein the trade order includes a pre-allocation of customer accounts;
storing one or more account information records associated with one or more settlement instruction sets in an account database;
storing a block trade record including details of the block trade executed by the one or more customers and the one or more dealers;
generating an allocated trade record associated with the block trade record for each of the account allocations received from the at least one customer computer system;
receiving an indication from the at least one dealer computer system that the allocated trade records are confirmed;
enriching the allocated trade records by incorporating one of the settlement instruction sets into each of the allocated trade records.
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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
18 Claims
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1. A computer implemented method of effecting straight-through-processing of trades executed between one or more customers having one or more customer computer systems and one or more dealers having one or more dealer computer systems, the method comprising:
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generating a trade order; executing a block trade between the one or more customers and the one or more dealers based on the trade order wherein the trade order includes a pre-allocation of customer accounts; storing one or more account information records associated with one or more settlement instruction sets in an account database; storing a block trade record including details of the block trade executed by the one or more customers and the one or more dealers; generating an allocated trade record associated with the block trade record for each of the account allocations received from the at least one customer computer system; receiving an indication from the at least one dealer computer system that the allocated trade records are confirmed; enriching the allocated trade records by incorporating one of the settlement instruction sets into each of the allocated trade records. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A computer-implemented method of effecting straight through processing comprising the steps of:
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storing one or more account information records associated with one or more settlement instruction sets in an account database; storing a block trade record including details of the block trade executed by a customer and a dealer; generating an allocated trade record associated with the block trade record for each of the account allocations received from the customer; enriching the allocated trade records by incorporating one of the settlement instruction sets into each of the allocated trade records. - View Dependent Claims (18)
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Specification