Patent ID: 8533101

Claim:
A system for processing securities transactions comprising: a data repository configured to store one or more trade records of securities transactions; and a computing system configured to compress multiple trade records into a single record, said computing system comprising at least one computer, said computing system configured to: select trade records from the data repository, said trade records identifying a same security, a same account, and a same side, said trade record comprising uncompressed trade records; generate a compressed trade record from the selected trade records; transmit the compressed trade record over a communication network to a clearing entity configured to update records; transmit the uncompressed selected trade records over the communication network to a central counterparty separate from the clearing entity; receive a report comprising trade records from the central counterparty, said trade records at least partially corresponding to the uncompressed trade records transmitted to the central counterparty; and compare the trade records in the report with the one or more trade records stored in the data repository during a reconciliation process, wherein the trade records in the report and the data repository correspond to uncompressed trades, allowing a simplified comparison of the trades.