Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1996-08-21
2000-02-22
Cosimano, Edward R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
235379, 705 37, 709203, G06F 1760
Patent
active
06029146&
ABSTRACT:
The Broker to Broker Matching Electronic Trading Confirmation system confirms and settles trade orders placed between brokers from various regions of the world. It automatically matches the originating broker's orders with the executing broker's confirmations, generates and sends settlement instructions to the broker's corresponding clearing agents, and allows those clearing agents to monitor orders before the orders are executed, minimizing risk and improving settlement rates.
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DSH; Trading & Execution--Citibank's custody and brokerage sandwich; Global Custodian Magazine; Winter--1995.
Fitzpatrick Rick
Hawkins John G.
Jacobs Dave M.
Bindseil James J.
Cosimano Edward R.
Crossmar, Inc.
Marcou George T.
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