Patent ID: 7130823
Filing Date: 2006-10-31
Classification: G06Q

Abstract:
1. A method for data management of a financial transaction, comprising: receiving a request for a user for a proposed financial transaction via a terminal by each of a plurality of independently maintained and segregated trading systems coupled over a network to the terminal; generating a rate quote via at least one of the independently maintained and segregated trading systems consisting of one of an executable rate quote and a category trader's manual rate quote for the proposed financial transaction, wherein the executable rate quote is generated if a first predefined condition for allowing the proposed financial transaction on the basis of the executable rate quote is identified from a group of conditions consisting at least in part of a proposed transaction volume not exceeding an available volume and a proposed transaction amount not exceeding a predefined limit, and the category trader's manual rate quote is generated if a second predefined condition for rejecting the proposed financial transaction on the basis of the executable rate quote is identified from a group of conditions consisting at least in part of a proposed transaction volume in excess of an available volume and a proposed transaction amount in excess of a predefined limit and at least in part of a predetermined setting of a request for quote parameter; automatically prompting the user for a selection of the generated rate quote for the proposed financial transaction via said at least one of the independently maintained and segregated trading systems; automatically holding the generated rate quote for a predetermined period of time for the user by said at least one of the independently maintained and segregated trading systems; receiving a request for execution of the proposed transaction for the user in accordance with the selection by the user of the generated rate quote by said at least one of the independently maintained and segregated trading systems over the network via the terminal; and automatically executing the proposed transaction for the user in accordance with the generated rate quote upon receipt of the request for execution within the predetermined period of time by said at least one of the independently maintained and segregated trading systems.