Patent ID: 7761363

Claim:
An order management system for executing trades, comprising: A database comprising records representing a set of one or more internal accounts for settling funds associated with internal trades, and a set of one or more holder accounts for settling funds associated with internal trades and external trades; an order generator processor which receives from a customer an internal account trading requirement for an internal account, wherein the order management system does not permit direct trades between said internal account and a provider external to the customer, translates said internal account trading requirement into a holder account trading requirement for a holder account by creating a trading requirement for the holder account that is equivalent to the trading requirement for the internal account, wherein the order management system is configured to use said holder account to trade directly with both said internal account and said external provider, and builds an external order based on said holder account trading requirement; an order executor processor which transmits a set of price quotes for said external order to said customer and, responsive to said customer's selection of a winning price quote from said external provider, causes said external order to be filled; and an order completer processor which records two executed deals comprising: a first executed deal between said holder account and said external provider, said first executed deal corresponding to said filled external order, and a second executed deal between said holder account and said internal account.