Electronic trade processing system and method

Abstract

In one implementation, a computer-implemented method, executed on a computing device and configured to effectuate a clearing platform, includes: enabling agent functionality for a plurality of clients with respect to a Value Unit Repository (VUR) and a plurality of custodial accounts defined therein; receiving a plurality of matched orders concerning a plurality of parties. thus defining a batch of matched orders; and effectuating the clearing of the batch of matched orders including: performing a netting operation to determine a net asset amount for each of the plurality of parties, and transferring the net asset amount for each of the plurality of parties to a custodial account associated with each of the plurality of parties.

Description

RELATED APPLICATION(S)[0001]This application claims the benefit of the following U.S. Provisional Application Nos.: 62 / 738,274, filed 28 Sep. 2018; 62 / 738,250, filed 28 Sep. 2018; 62 / 739,705, filed 01 Oct. 2018; 62 / 739,723, filed 01 Oct. 2018; 62 / 770,605, filed 21 Nov. 2018; 62 / 824,558, filed 27 Mar. 2019; 62 / 825,432, filed 28 Mar. 2019; 62 / 844,581, filed 07 May 2019; 62 / 844,591, filed 07 May 2019; 62 / 863,455, filed 19 Jun. 2019; and 62 / 882,834, filed 05 Aug. 2019, their entire contents of which are herein incorporated by reference.TECHNICAL FIELD[0002]This disclosure relates to trade processing systems and, more particularly, to electronic trade processing systems.BACKGROUND[0003]Modern trading systems are large, complex, computer-implemented systems. Gone are the days of the trading floor being crowded with groups of traders screaming their bid and ask prices to close a deal. Today's trading systems operate in silence with digital efficiency, as bid orders and ask orders are quiet...

AI Technical Summary

Benefits of technology

The patent describes a computer-implemented method and system for clearing a batch of matched orders involving multiple parties. The system includes a value unit repository (VUR) that holds assets and a custodial account for each party. The method involves enabling agent functionality for clients, receiving the matched orders, and performing a netting operation to determine the net asset amount for each party. The net asset amount is then transferred to the custodial account associated with each party. The system can interface with various electronic communication networks, over-the-counter platforms, and trading platforms. The technical effects of the patent include improved efficiency and automation in the clearing process, increased transparency and control for clients, and streamlined processing for assets.

Problems solved by technology

Modern trading systems are large, complex, computer-implemented systems.

Unfortunately, as the cutting edge becomes the new normal, existing systems need to adapt to address and incorporate new methodologies and concepts.

For example, the trading of cryptocurrency has presented the existing trading infrastructure with complex challenges concerning how to integrate such new technology into existing systems.

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