System and method for fund manager to broker matching

System and method for fund manager to broker matching

A method and system are described that allows fund managers and brokers to exchange messages so that they may buy, sell and allocate securities instruments. The fund manager creates a first message that the broker responds to and creates a second message. The two messages are matched so as to form a...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: HAWKINS, JOHN G
Format: Patent
Sprache:eng ; fre ; ger
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A method and system are described that allows fund managers and brokers to exchange messages so that they may buy, sell and allocate securities instruments. The fund manager creates a first message that the broker responds to and creates a second message. The two messages are matched so as to form a record of the securities transaction. Third parties may obtain access to the various messages to either observe the various stages of the transaction or provide authorization for the transaction to occur. Once a match has occurred, other messages are generated and forwarded to custodians and clearing agents so that the transaction may be settled. Finally, even after a match has occurred in a transaction, it is possible for an individual to request that that transaction be amended, cancelled or kept.