U.S. patents available from 1976 to present.
U.S. patent applications available from 2005 to present.

Method and apparatus for trading securities electronically

Patent 6029146 Issued on February 22, 2000. Estimated Expiration Date: Icon_subject August 21, 2016. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.

Patent References

Securities brokerage-cash management system
Patent #: 4346442
Issued on: 08/24/1982
Inventor: Musmanno

Securities brokerage-cash management system
Patent #: 4376978
Issued on: 03/15/1983
Inventor: Musmanno

Method and system for automatically inserting at least one pause into means for memorizing a dialing sequence
Patent #: 4571463
Issued on: 02/18/1986
Inventor: Shefler

Automated securities trading system
Patent #: 4674044
Issued on: 06/16/1987
Inventor: Kalmus ,   et al.

Banking/brokerage computer interface system
Patent #: 4694397
Issued on: 09/15/1987
Inventor: Grant ,   et al.

Securities brokerage-cash management system with short term investment proceeds allotted among multiple accounts
Patent #: 4774663
Issued on: 09/27/1988
Inventor: Musmanno ,   et al.

Renewable option accounting and marketing system
Patent #: 4823265
Issued on: 04/18/1989
Inventor: Nelson

Automated futures trading exchange
Patent #: 4903201
Issued on: 02/20/1990
Inventor: Wagner

System for shared remote access of multiple application programs executing in one or more computers
Patent #: 4949248
Issued on: 08/14/1990
Inventor: Caro

Voice actuated automated futures trading exchange
Patent #: 4980826
Issued on: 12/25/1990
Inventor: Wagner

More ...

Inventors

Application

No. 700836 filed on 08/21/1996

US Classes:

705/35, Finance (e.g., banking, investment or credit)235/379, Banking systems705/37, Trading, matching, or bidding709/203Client/server

Examiners

Primary: Cosimano, Edward R.

Attorney, Agent or Firm

International Class

G06F 017/60

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.

Other References

  • DSH; Trading & Execution--Citibank's custody and brokerage sandwich; Global Custodian Magazine; Winter--199
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