Method and apparatus for trading securities electronically
US6029146A · kind A · utility
475Cited by
21References
38Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Aug 21, 1996 |
| Grant date | Feb 22, 2000 |
| Priority date | — |
| Expiry date | Aug 21, 2016 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The Broker to Broker Matching Electronic Trading Confirmation system confirms and settles trade orders placed between brokers from various regions of the world. It automatically matches the originating broker's orders with the executing broker's confirmations, generates and sends settlement instructions to the broker's corresponding clearing agents, and allows those clearing agents to monitor orders before the orders are executed, minimizing risk and improving settlement rates.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.