Electronic Transaction Platform with ML Partner Scoring
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Solution Overview
Problem
Conventional electronic transaction platforms for securities trading, especially in over-the-counter markets, face challenges in controlling information access and finding suitable trading partners, leading to potential information leakage and inefficient trade execution.
Innovation Solution
A computer-implemented method and system that utilizes a machine learning-based scoring system to identify likely trading partners and limit information dissemination, allowing users to initiate electronic communication sessions with pre-selected dealers and invitees, thereby controlling access to trading information and enhancing the likelihood of successful trades.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If conventional electronic transaction platforms allow all users to access and view all trading information, then information availability is improved, but information leakage and security control deteriorate
Solution Approach 1:
The patent segments trading information access by creating different visibility levels for different user groups. Initiating users, dealer users, and invitee users each have customized information sets they can access during communication sessions, rather than all users accessing all information simultaneously.
Solution Approach 2:
The patent introduces dealer users as intermediary entities who facilitate trading between initiating users and invitee users. The dealer acts as a controlled intermediary who can view and manage trading information flow, preventing direct uncontrolled information exchange between all participants.
2Adaptability or versatility
If conventional platforms allow open participation from all users, then trading opportunities are improved, but finding suitable trading partners and controlling session access deteriorates
Solution Approach 1:
The patent performs preliminary actions by having dealer users pre-identify and invite suitable invitee users before the communication session begins. The system also pre-matches initiating users with appropriate dealer users based on trading criteria, so that when sessions start, compatible parties are already assembled.
Solution Approach 2:
Dealer users serve as intermediaries who pre-screen and select appropriate invitee users for each communication session based on the initiating user's trading requirements, eliminating the need for initiating users to manually search through all platform users.
3Loss of information
If conventional platforms provide full information visibility to all participants, then transparency is improved, but trade execution efficiency deteriorates due to information overload
Solution Approach 1:
The patent applies local quality by providing each user with customized information visibility appropriate to their role and needs. Initiating users see information relevant to their trade initiation, dealer users see information needed for facilitation, and invitee users see information relevant to their trading decisions, rather than all users receiving identical comprehensive information.
Data Source
AI summary
Computer-implemented methods and computer systems for an electronic transaction platform that enables the buying and/or selling of securities.