Online trading system having real-time account opening

US8538857B2 · kind B2 · utility

Assignee

• E*TRADE Financial Holdings, LLC · US

Inventors

• David Greene · San Francisco, US
• Dennis Mierzwa · Walnut Creek, US
• Ayman Abukhater · South San Francisco, US
• Michael Sievert · Monte Sereno, US

Key dates

• Filing date: Jul 9, 2010
• Grant date: Sep 17, 2013
• Expiry date: Oct 24, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

In one embodiment, the online trading system having a real-time account opening process comprises one or more computers coupled to a network. The computers maintain a brokerage account database, and service web page requests received over the network. The web pages are preferably configured to implement a real-time account opening (RTAO) process that establishes new brokerage accounts in the account database. The RTAO process may include (a) obtaining contact information; (b) creating a new record in the brokerage account database for the contact information; (c) obtaining brokerage account application information; (d) updating the new record with the application information; (e) displaying a brokerage account contract; and (f) securing online agreement to said brokerage account contract. The process preferably also includes obtaining funding information to automatically initiate a transfer of funds to the brokerage account.