Social aggregated fractional equity transaction partitioned acquisition apparatuses, methods and systems

US10504179B1 · kind B1 · utility

Assignee

• FMR LLC · US

Inventors

• Thomas McGuire · Claregalway, IE
• Amanda Chiu · San Francisco, US
• Xinxin Sheng · Cary, US
• Jonathan Hromi · Watertown, US
• Raghav Chawla · Cambridge, US

Key dates

• Filing date: Dec 8, 2015
• Grant date: Dec 10, 2019
• Expiry date: Apr 22, 2038

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

The Social Aggregated Fractional Equity Transaction Partitioned Acquisition Apparatuses, Methods and Systems, (“SAFETPA”) transforms fractional equity ownership purchase request inputs via SAFETPA components into transaction confirmation outputs. A Fractional Order Generation component receives a purchase request for a fractional order of an equity via a data communication network interface from a client terminal of a client having a source of funds and having a public encryption key, determines a purchase price for the fractional order of the equity by retrieving a quote for a price of a share of the equity, confirms that the source of funds contains at least the purchase price; and generates a trade order for the share of the equity. A Fractional Order Placement component obtains the trade order from Fractional Order Generation Component, transmits the trade order to a trade execution server via the data communication network, and receives a confirmation of an execution of the trade order from the trade execution server via the data communication network. A Blockchain Recordation Component receives the confirmation from the Fractional Order Placement Component, records the confir…