Central Trade Processing System for Multi-Platform Integration

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Solution Overview

Problem

Large organizations, such as financial institutions, face challenges in efficiently and uniformly managing interactions between internal and external users with various products and services due to the complexity of their operations, which can lead to errors and inefficiencies in trade processing across different trading platforms.

Innovation Solution

A central trade processing system that integrates with multiple trading platforms, enabling real-time processing of trades, loading trading interface data, processing financial product information, and sending trade results, thereby reducing errors and ensuring consistent operation across platforms.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If multiple separate trading platforms are operated independently, then each platform can serve specific products and users, but it becomes difficult to uniformly manage interactions and process trades efficiently across all platforms

Engineering Contradiction:

Improveability to serve different products and usersVSAvoidcomplexity of managing multiple platforms

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

A central trade processing system is introduced as an intermediary between multiple trading platforms and the core processing infrastructure. This mediator receives trade data from various platforms, standardizes the data format, and routes trades to appropriate processing systems, thereby simplifying platform management while maintaining versatility.

Inventive Principle:

Principle #24Intermediary (Mediator)

Solution Approach 2:

The central trade processing system provides universal functionality by handling multiple types of trades from different platforms through a unified interface. It performs common functions such as validation, routing, and processing for all incoming trades regardless of source platform, reducing the need for platform-specific management complexity.

Inventive Principle:

Principle #6Universality (Multi-functionality)

2Productivity

If trades are processed in batch at the end of each business day, then processing workload is consolidated, but real-time error detection and correction are reduced

Engineering Contradiction:

Improveconsolidated processing workloadVSAvoiderror detection and correction capability

Core Design Contradiction:

ProductivityVSReliability

Solution Approach 1:

The system implements continuous real-time trade processing alongside batch processing capabilities. Trade validation, routing, and processing occur continuously as trades are received from platforms, enabling immediate error detection while maintaining the option for consolidated batch processing at year-end for reporting purposes.

Inventive Principle:

Principle #20Continuity of useful action

Solution Approach 2:

Real-time feedback mechanisms are implemented to immediately notify traders and system operators of processing errors, validation failures, or anomalies. This feedback loop enables prompt correction of issues before they propagate, enhancing reliability while maintaining efficient continuous processing.

Inventive Principle:

Principle #23Feedback

3Ease of operation

If different trading platforms operate with independent processing, then platform autonomy is maintained, but consistency and uniformity in trade management are compromised

Engineering Contradiction:

Improveplatform autonomyVSAvoidconsistency in trade management

Core Design Contradiction:

Ease of operationVSStability of the object's composition

Solution Approach 1:

Each trading platform maintains local autonomy and can be configured with platform-specific parameters, product offerings, and user access controls. The central trade processing system applies standardized processing rules and validation protocols uniformly to all incoming trades, ensuring consistency across platforms while respecting local operational characteristics.

Inventive Principle:

Principle #3Local quality

Data Source

PatentUS10007950B2Integrating multiple trading platforms with a central trade processing system

Publication Date: 2018.06.26 BANK OF AMERICA CORP

AI summary

Methods, systems, and computer-readable media for integrating multiple trading platforms with a central trade processing system are presented. In some embodiments, a central trade processing computing platform may receive, from a trading engine computer system, a request for interface information. The computing platform may load trading interface data that includes product information associated with a set of one or more financial products offered via a trading interface provided by the trading engine computer system and interface layout information associated with the trading interface. The computing platform may send, to the trading engine computer system, the trading interface data. Thereafter, the computing platform may receive, from the trading engine computer system, trading information defining a set of one or more trades. The central trade processing computing platform may process the set of one or more trades and may send, to the trading engine computer system, trade results information.