Apparatus and method of a distributed capital system
First Claim
Patent Images
1. A computer-implemented method of conducting a financial transaction over a computerized network, comprising:
- conducting a collaborative financial transaction as a trade between at least one party at a first client computer or server and at least two counterparties at second and third client computers or servers, respectively; and
implementing said financial transaction by matching a first parameter to be traded from said at least one party with at least a part of the parameters to be traded from at said least two counterparties;
wherein said party and counterparties to said trade are unrelated to each other, or unaware of settings of said parameters between them; and
bundling multiple said counterparties and said at least part of their matched parameters with said party, such that said counterparties participate in a same, single financial transaction to achieve said trade.
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Abstract
Methods, systems, and articles of manufacture consistent with the present invention provide for conducting financial transactions over a network. A user requests to execute at least one financial transaction with at least one of a number of parties, each of the parties corresponding to a data processing system on the network. Real-time financial information relating to the financial transaction is obtained, and the user can test and confirm that the financial transaction with the at least one party can take place prior to execution of the financial transaction.
27 Citations
16 Claims
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1. A computer-implemented method of conducting a financial transaction over a computerized network, comprising:
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conducting a collaborative financial transaction as a trade between at least one party at a first client computer or server and at least two counterparties at second and third client computers or servers, respectively; and implementing said financial transaction by matching a first parameter to be traded from said at least one party with at least a part of the parameters to be traded from at said least two counterparties; wherein said party and counterparties to said trade are unrelated to each other, or unaware of settings of said parameters between them; and bundling multiple said counterparties and said at least part of their matched parameters with said party, such that said counterparties participate in a same, single financial transaction to achieve said trade. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A computer-implemented method of conducting a financial transaction over a computerized network, comprising:
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conducting a collaborative financial transaction as a trade between at least one party at a first client computer or server and at least two counterparties at second and third client computers or servers, respectively; and implementing said financial transaction by matching a first parameter to be traded from said party with at least a part of the parameters to be traded from at said least two counterparties; bundling multiple said counterparties and said at least part of their matched parameters with said party, such that said counterparties participate in a same, single financial transaction to achieve said trade; wherein instead of maintaining any vectors specified in said fungible trade between said at least one party and said at least two counterparties, said vectors are redirected to unrelated parties not originally intended by a request for said financial transaction, to bring efficiencies in total capital at risk, total economic capital deployed, and alacrity of said financial transaction; and wherein said redirection is executed such that a net result in/out for each of said parties and said counterparties is a same absolute value that it was prior to said redirection. - View Dependent Claims (13, 14)
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15. A system which conducts a financial transaction over a computerized network, comprising:
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at least memory which contains at least one program comprising the steps of; conducting a collaborative financial transaction as a trade between at least one party at a first client computer or server and at least two counterparties at second and third client computers or servers, respectively; and implementing said financial transaction by matching a first parameter to be traded from said at least one party with at least a part of the parameters to be traded from at said least two counterparties; wherein party and said counterparties to said trade are unrelated to each other, or unaware of settings of said parameters between them; and bundling multiple said counterparties and said at least part of their matched parameters with said party, such that said counterparties participate in a same, single financial transaction to achieve said trade; at least one processor for executing the program.
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16. A non-transitory computer readable medium whose contents cause a computer system to execute instructions of a program, the program comprising the steps of:
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conducting a collaborative financial transaction as a trade between at least one party at a first client computer or server and at least two counterparties at second and third client computers or servers, respectively; and implementing said financial transaction by matching a first parameter to be traded from said at least one party with at least a part of the parameters to be traded from at said least two counterparties; wherein said party and said counterparties to said trade are unrelated to each other, or unaware of settings of said parameters between them; and bundling multiple said counterparties and said at least part of their matched parameters with said party, such that said counterparties participate in a same, single financial transaction to achieve said trade.
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Specification