Patent ID: 11972483
Assignee: CLEARINGBID, INC.
Field: Computer technology (Electrical engineering)
Classification: CPC G | IPC G

Claim 0:
1. A system comprising:
a hub entity computer platform configured to electronically conduct one or more new issue securities offerings comprising at least one initial or follow-on debt securities offering, wherein a price of the at least one initial or follow-on debt securities offering comprises a price per share, a price per unit, a price per bond, a coupon rate and/or an interest rate;
the computer platform comprising at least one processor and non-transitory computer readable media, the non-transitory computer readable media including computer-readable program instructions that, when executed by the at least one processor, cause the at least one processor to perform operations; and

a communication network in operative communication with the computer platform;
wherein the operations comprise:
generating a plurality of portals including a first portal provided to at least one electronic order routing and management system associated with one or more broker-dealers and a second portal provided to at least one computer associated with at least one lead agent;
wherein a lead agent portal is provided, via the second portal, during marketing of the one or more new issue securities offerings and closing of the one or more new issue securities offerings; and
wherein the computer platform provides, via the first portal, a broker-dealer portal to the one or more broker-dealers to enable brokering of the one or more new issue securities offerings;

processing one or more orders submitted on behalf of one or more investors regarding the one or more new issue securities offerings, the one or more orders being received at the computer platform in real-time during the marketing of the one or more new issue securities offerings, wherein the one or more orders comprise one or more of a new order, an order amendment and/or an order cancellation;
attaching, by the computer platform, automatically upon receipt of the one or more orders by the computer platform, timestamp information to a plurality of orders received at the computer platform;
confirming, by the computer platform, whether or not the one or more orders are acceptable for further processing by the computer platform as accepted orders;
updating an order file with order data regarding the accepted orders (accepted order data) processed by the computer platform;
providing the lead agent portal to the at least one computer associated with the at least one lead agent, wherein the at least one computer associated with the at least one lead agent includes a first graphical user interface, and wherein the computer platform generates and transmits information that causes the first graphical user interface to display:
user interface (UI) information depicting demand at a plurality of price levels corresponding to an associated new issue securities offering of the one or more new issue securities offerings, wherein the UI information depicting demand is continually updated via information transmitted from the computer platform based on real-time processing of the accepted order data;
 wherein the UI information depicting demand includes one or both of limit prices and/or cumulative number of shares or bonds or units; and
 wherein the lead agent portal provides price sensitivity information indicating investor demand, at specific price levels, for the associated new issue securities offering;

providing an informational portal, in the plurality of portals, to a general public for publishing, based on the real-time processing of the accepted order data, offering information regarding the one or more new issue securities offerings including the associated new issue securities offering, the offering information comprising an offering name and/or current indicative pricing;
wherein the current indicative pricing is market-derived pricing derived from the UI information depicting demand and/or the real-time processing of the accepted order data, such that the current indicative pricing thereby reflects current demand during marketing of the associated new issue securities offering;

based on the real-time processing of the accepted order data continually updating the order file and/or the UI information depicting demand;
continually providing updates of the current indicative pricing based on the market-derived pricing;
continually publishing the offering information including the current indicative pricing via one or more of the plurality of portals until the marketing of the associated new issue securities offering concludes;
wherein said continually publishing the offering information including the current indicative pricing, based on the real-time processing of the accepted order data, reflects current market pricing and current market value, to thereby publish demand discovery information and the current indicative pricing, via at least one of the one or more of the plurality of portals;

determining, by the computer platform, for at least one new issue securities offering of the one or more new issue securities offerings, subsequent to termination of marketing of the at least one new issue securities offering, and during closing of the at least one new issue securities offering, a clearing price and/or an offering size of the at least one new issue securities offering;
establishing an offering price of the at least one new issue securities offering, either by setting the offering price based on the clearing price or by receiving the offering price from the at least one lead agent;
disseminating the offering price, of the at least one new issue securities offering, to the one or more broker-dealers, and to the general public via the one or more of the plurality of portals;
generating, for the accepted orders associated with the at least one new issue securities offering, on a per-order basis, allocation information for the at least one new issue securities offering;
generating, one or more final listings of securities allocation information based on the allocation information; and
providing at least one of the allocation information and/or the one or more final listings as output.