Apparatus, methods and articles of manufacture of computerized transaction execution and processing

a technology of computerized transactions and methods of manufacture, applied in the field of apparatus, methods and articles of manufacture for computerized transaction execution and processing, can solve the problems of affecting the market, the value of any financial instrument may change, and the potential effect of time on value complicating transactions,

Inactive Publication Date: 2015-10-29
GOLDMAN SACHS & CO LLC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

The system enables efficient and timely execution of financial transactions by providing traders with real-time market monitoring, quick order entry, and modification capabilities, minimizing time-related losses and ensuring reliable processing across various exchanges.

Problems solved by technology

For example, the value of any financial instrument may change in extremely brief periods of time, and this potential effect of time on value complicates transactions.
Yet if he or she was not aware of the slumping market conditions, and continued to buy calls on the expectation the price will rise, he or she would most likely experience losses in the market.
A market and / or instrument monitoring system or tool alone, however, does not fulfill the trader's needs.
Additionally, even though the vast majority of trades are intended to be made, the trader may occasionally change his or her mind about the trade, or desire to pause or “park” the trade for a future time or date.

Method used

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  • Apparatus, methods and articles of manufacture of computerized transaction execution and processing
  • Apparatus, methods and articles of manufacture of computerized transaction execution and processing
  • Apparatus, methods and articles of manufacture of computerized transaction execution and processing

Examples

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Embodiment Construction

[0028]FIG. 1 shows a schematic diagram of a preferred embodiment of the present invention. The presentation layer interface and software for trader interaction is shown generally at a. In the preferred and other embodiments, the interface and software for trader interaction provides the trader with the ability to enter orders quickly, modify those orders, and monitor orders, instruments and the markets.

[0029]In the embodiments of FIG. 1 and other preferred embodiments, the trader interface and software is comprised of a workspace or workspaces, which is, in the embodiment of FIG. 1, one or more graphical user interfaces (GUI). The GUI shown generally at 10, may be configured in numerous ways, as will be further described below, and is, in turn, comprised of several sub interfaces or windows; Order Entry 11, MarketWatch 12, MarketDepth 13, Order View 14, Executions 15 and Spread / Options Matrix 16. The sub interfaces or windows of the GUI shown in the embodiment of FIG. 1 may be chang...

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PUM

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Abstract

Apparatus, methods and articles of manufacture for n-tier transaction execution and processing are shown. The first layer comprises a presentation layer in the form of a user interface for entering instrument orders, modifying orders, and monitoring orders, instruments and markets. The second layer comprises an intermediate component layer for information transfer, and the third layer comprises an information source layer for feeding information to and accepting information from the first two layers.

Description

CROSS REFERENCE TO RELATED APPLICATIONS[0001]This application is a continuation of U.S. patent application Ser. No. 12 / 972,190 entitled, “Apparatus, Methods and Articles of Manufacture for Computerized Transaction Execution and Processing,” filed Dec. 17, 2010, which is a continuation of U.S. patent application Ser. No. 09 / 824,305 entitled, “Apparatus, Methods and Articles of Manufacture for Computerized Transaction Execution and Processing,” filed Apr. 2, 2001, the contents of which are hereby incorporated by reference in their entirety for all purposes.FIELD OF THE INVENTION[0002]This invention relates to apparatus, methods and articles of manufacture for computerized transaction execution and processing. More particularly, this invention relates to apparatus, methods and articles of manufacture for n-tier transaction execution and processing.COPYRIGHT RIGHTS[0003]A portion of the disclosure of this patent document contains material which is subject to copyright protection. The co...

Claims

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Application Information

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Patent Type & AuthorityApplications(United States)
IPC IPC(8): G06Q40/04G06F3/0484G06Q30/06
CPCG06F3/0484G06Q40/04G06Q30/0601
InventorMAHAJAN, UMESHTEKKOC, ENGIN
OwnerGOLDMAN SACHS & CO LLC