Invention Grant
- Patent Title: Method and system for effecting straight-through-processing of trades of various financial instruments
- Patent Title (中): 实行各类金融工具交易直接加工的方法和制度
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Application No.: US12103267Application Date: 2008-04-15
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Publication No.: US07769678B2Publication Date: 2010-08-03
- Inventor: James Worden Toffey
- Applicant: James Worden Toffey
- Applicant Address: US NJ Jersey City
- Assignee: Tradeweb Markets LLC
- Current Assignee: Tradeweb Markets LLC
- Current Assignee Address: US NJ Jersey City
- Agency: Stroock & Stroock & Lavan LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A Straight-Through-Processing (STP) trading platform provides a fully electronic and seamless solution to all substantially aspects of the trading cycle for fixed income instruments and other financial instruments. In an exemplary embodiment, all participants to a trade transaction have access to computer software that facilitates trade order management, trade order generation, trade execution (including electronic axes), trade allocation, allocation acknowledgement, trade confirmation, and finally acquisition of settlement instructions. In said exemplary embodiment, the STP trading platform includes computer software modules including at least an account management module and an electronic trading module to handle the various stages of executing a trade, confirming the trade, and facilitating settlement of the trade.
Public/Granted literature
- US20080255999A1 Method and System for Effecting Straight-Through- Processing of Trades of Various Financial Instruments Public/Granted day:2008-10-16
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