Patent ID: 7451108
Filing Date: 2008-11-11
Classification: G06Q

Abstract:
1. A system providing a measure of performance of participants to a trade management process, said trade management process including transmitting trade-related information between said participants, said system comprising: a trade management system configured to receive at least two post-trade communications including first and second communications, at least said first communication is from a first participant to said trade management process, each of said first and second communications including information associated with one or more steps in a process for closing a trade; a database configured to store time-of-completion information including at least one time-of-completion value representative of a time of completing at least a selected step of said steps in a process for closing a trade measured from a start time, wherein said time-of-completion value is recorded when said first communication is received by said trade management system; and a processor configured to generate a post-trade measure of performance, with respect to said first participant, as a function of a difference between said start time and said time-of-completion, said measure of performance being a function of a time elapsed between completion of successive ones of said steps in said process for closing a trade.