Patent ID: 8296222
Filing Date: 2012-10-23
Classification: G06Q

Abstract:
1. In a system for facilitating unified trading and control for a sponsoring organization's money management process using a plurality of money management firms to manage the sponsoring organization's investment portfolios, a method for assigning responsibility for trade order execution comprising: defining a plurality of investment portfolios containing securities, each portfolio having a particular investment strategy; assigning at least one money management firm for each investment portfolio, wherein the at least one money management firm provides at least one portfolio manager to make investment recommendations for the each investment portfolio; receiving, through a computer-based communications network, from the money management firms, investment recommendations for the plurality of investment portfolios in the form of orders comprising a number of units to trade for each security based on the recommendations, wherein the orders are received through a computer-based graphical user interface and associated software program; identifying market impact parameters upon which to determine whether expected market impact of an order is high or low; determining, for each order received from a money management firm, an organization given discretion for executing a trade for the each order, wherein determining the organization given discretion for executing an order depends on whether an expected market impact of an order is low or high, and wherein the sponsoring organization is assigned discretion for low touch orders expected to have low market impact and the money management firm is assigned discretion for high touch orders expected to have high market impact; facilitating, based on the assignment of discretion, execution of the high touch orders by at least one trading organization selected by the money management firm; and facilitating, based on the assignment of discretion, execution of the low touch orders by at least one trading organization selected by the sponsoring organization.