Patent ID: 7756777
Filing Date: 2010-07-13
Classification: G06Q

Abstract:
1. A computer implemented method of effecting straight-through-processing of trades executed between one or more customers having one or more customer computer systems and one or more dealers having one or more dealer computer systems utilizing one or more prime brokers having one or more prime broker computer systems, the method comprising: generating a trade order; receiving an indication from the at least one prime broker computer system that the trade order has been approved; executing a block trade based on the trade order wherein the trade order includes a reference to the one or more prime brokers selected by the one or more customers and a pre-allocation of customer accounts; storing one or more account information records associated with one or more settlement instruction sets in an account database; storing a block trade record including details of the block trade; generating an allocated trade record associated with the block trade record for each of the account allocations received from the at least one customer computer system; receiving an indication from the at least one dealer computer system that the allocated trade records are confirmed; enriching the allocated trade records by incorporating one of the settlement instruction sets into each of the allocated trade records.