PATENT CLAIM ANALYSIS

Application Number: 16049251
Application Type: Utility
Filing Date: 2018-07
Publication Date: 2018-11
Patent Classification: ["705", "037000"]

Abstract:
Commission allocations in transaction management of auction-based trading for specialized items such as fixed income instruments. A plurality of workstations that are connected to a server, and a structured commission allocation protocol may be provided. Through the workstations, the server and the commission allocation protocol, the systems and methods may allocate commissions or fees when trading securities at accelerated levels with minimal errors and costs, control commission elements during real-time trading, reward customers and brokers who participate in transactions, and distribute commission and transaction data in real time.

Claim (Index 1):
A computerized device of an electronic transaction system, programmed to:\n presenting a user interface having an interactive region divided into a plurality of subregions, in which each subregion of the plurality of subregions is related to a specific financial instrument type; receiving a selection through the interactive region indicating a plurality of financial instruments making up a multi-legged transaction for a financial instrument type in a first subregion of the plurality of subregions; based on the selection, computing a total commission to trade in the multi-legged transation at least a part of the order with a counterparty customer; automatically populating the user interface with data indicating the total commission; receiving data representing an instruction to modify the order in a manner that influences the commission on the proposed trade; and computing an updated commission based on the modification; automatically populating the user interface with the updated commission based on the modification; receiving an instruction through the user interface to submit the order with the updated commission; and in response to receiving the instruction, submitting the order for execution.

Metadata:
- Claim Count in Document: 1.0
- Percentile: 95.0
- Lexical Diversity: 1.4697
- Patent Class: 705.0
- Transitional Phrase Type: none
- Component Type: 0
- Foreign Priority: False
- Related Applications: ['12766370', '10345466', '12115313', '09714212', '10926184']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1154957928315575
- 35 USC 102 Novelty (BERT): 0.5684825585495836
- Combined Prediction Score: 0.1607944694033601
- Mean Citation Score: 300.914146
- Max Citation Score: 448.14447
- Similarity Product: 381.0712726568128

Labels:
- Claim Label 101: 1
- Claim Label 102: 1
- Claim Label 103: 1
- Claim Label 112: 0
- Combined Label: 1
- Label 101 Adjusted: 1

Dataset: test