Patent ID: 7885882

Claim:
A system for settlement of a securities trade by communicating the details of the trade among a broker, institution, agent and interested parties comprising: a. a computer system which enables the broker and institution to send and receive communications and make communications available to the agent and interested parties; b. a standing instructions database containing sets of instructions for trade settlement input by the institution, the broker and the agent prior to the securities trade; c. a processing computer within the computer system, which is coupled to the standing instruction database and which is configured to: i. receive a series of communications from the broker containing notice of order execution information, the series including a last broker communication; ii. receive a communication from the institution containing institution allocation instruction information (an institution communication); iii. match, at the processing computer, the institution communication with the last broker communication based on information contained in both communications; iv. if there is a match, generate a confirmation for the trade based on information contained in the last broker communication, information contained in the institution communication and information stored in the standing instructions database; and v. make available, from the processing computer, the confirmation as a communication to the institution, broker, agent and interested parties for the exchange of money and securities to settle the trade.