Method and a system with improved tracking of trading positions

Details Method and a system with improved tracking of trading positions Method and a system with improved tracking of trading positions

2002-12-06

2008-09-02

Colbert, Ella (Department: 3696)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S037000, C705S026640

Reexamination Certificate

active

07421404

ABSTRACT:
A clearing system holds positions that are affected by trades executed during trading cycles. The positions are updated by those trades in clearing cycles. A first trade is executed and includes first trade information regarding how the trade should affect a position, e.g., bought or sold, open or close, number of contracts, etc.). The first trade can be received by the clearing system at a time when a first clearing cycle for the first trade and a second clearing cycle for a subsequent second trade are both open. A trade which belongs to the first clearing cycle updates a first variable for a position for that first clearing cycle using the first trade information. Second trade information for the second trade belonging to the second clearing cycle which is also open updates the second variable for the position for that second clearing cycle.

REFERENCES:
patent: 5953423 (1999-09-01), Rosen
patent: 2001/0049649 (2001-12-01), Baecker et al.
patent: 2004/0111356 (2004-06-01), Srivastava et al.
Peluso, “T+1: Real-time Processing & Real-Time Results,” Nov./Dec. 2000, ABA Trust & Investments, vol. 78, p. 34.
International Search Report dated Jun. 23, 2004.
Singapore Search and Examination Report mailed Mar. 5, 2007 in corresponding Application 2005035852.
Australian Examination Report mailed Feb. 13, 2007 in corresponding Application SG 200503585-2.

Affiliated with

Also associated with

Rating

Method and a system with improved tracking of trading positions does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Method and a system with improved tracking of trading positions, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method and a system with improved tracking of trading positions will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-3986489