Fully transparent commission calculator and display system
US7707097B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Jan 14, 2003 |
| Grant date | Apr 27, 2010 |
| Priority date | — |
| Expiry date | Nov 22, 2026 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q50/188
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The present invention is related to systems and methods for implementing commission allocations in transaction management of auction-based trading for specialized items such as interest-rate-related instruments. In accordance with these systems and methods, a plurality of workstations that are connected to a server, and a structured commission allocation protocol may be provided. Through the workstations, the server, and the commission allocation protocol, the systems and methods may allocate commissions or fees when trading securities at accelerated levels with minimal errors and costs, control commission elements during real-time trading, and distribute commission and transaction data in real time.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.