Patent ID: 8682776

Claim:
A method for straight through processing of trades by electronically exchanging data related to financial transactions between a plurality of price providers which provide price quotes for trading financial instruments and execute trades and a plurality of customers of the plurality of price providers through a plurality of electronic portals, wherein at least two of the plurality of electronic portals are adapted to use one of multiple different standardized portal-specific data formats, and wherein a particular customer may use any of the plurality of electronic portals to which the customer has access to communicate with the plurality of price providers, the method comprising: linking each of the plurality of electronic portals and the plurality of price providers to a central transit point through which data from all of the plurality of electronic portals is transmitted; receiving customer data from each of the plurality of electronic portals, wherein the customer data is received in a first standardized portal-specific format corresponding to the particular portal of the plurality of electronic portals through which the customer data is received; normalizing the received, standardized data from the first standardized portal-specific format in which the data is received into a second standardized format, wherein the first standardized portal-specific format is different from the second standardized format; and transmitting the normalized data through the central transit point to at least one of the plurality of price providers.