Patent ID: 7110969
Filing Date: 2006-09-19
Classification: G06Q

Abstract:
1. A method of electronic order routing using a global communications network, comprising the steps of: receiving financial parameters for available financial instruments from each of a plurality of fund managers at respective fund manager terminals via the global communications network; allowing each fund manager to designate a single predetermined daily cutoff time for all of the fund manager's financial parameters; allowing a plurality of brokers at respective broker terminals to access the financial parameters associated with the available financial instruments via the global communications network; receiving transactional data from one of the brokers at one of the broker terminals, wherein said transactional data comprises user account data and user instructional data for a financial instrument; authenticating said transactional data; relating the transactional data to at least one of the available financial instruments via a relational database storing order details for each broker and fund details for each fund manager; retrieving financial parameters received from at least one of the fund managers for the available financial instrument for said transactional data; calculating a real-time market value for said available financial instrument; managing said transactional data; storing said transactional data; and using said transactional data to complete an order for said financial instrument according to the retrieved financial parameters, if the order is completed before the predetermined daily cutoff time.