System and method for trade settlement tracking and relative ranking
US7401048B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | May 30, 2002 |
| Grant date | Jul 15, 2008 |
| Priority date | — |
| Expiry date | Jul 14, 2022 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A distributed computer system that enables end users to evaluate a broker's trade settlement performance by market and across multiple markets in terms of how many of the broker's trades failed. Trades are defined as having failed when the actual settle date exceeds the date on which the trade should have settled. The system analyzes trade settlement statistics about each broker within the context of a selected broker peer group, and ranks and compares a broker's settlement performance relative to the peer group. The system also ranks the brokers based on a set of metrics relative to the selected peer group. A broker's peer group is defined in terms of the broker's relative size within the trade universe as determined by trade count.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.