EP 1488358 A4 20051109 - SYSTEM AND METHOD FOR CONDUCTING WEB-BASED FINANCIAL TRANSACTIONS IN CAPITAL MARKETS
Title (en)
SYSTEM AND METHOD FOR CONDUCTING WEB-BASED FINANCIAL TRANSACTIONS IN CAPITAL MARKETS
Title (de)
SYSTEM UND VERFAHREN ZUR DURCHFÜHRUNG VON WEB-GESTÜTZTEN FINANZTRANSAKTIONEN IN KAPITALMÄRKTEN
Title (fr)
SYSTEME ET PROCEDE PERMETTANT D'EFFECTUER DES TRANSACTIONS FINANCIERES SUR LE WEB DANS DES MARCHES FINANCIERS
Publication
Application
Priority
US 0209106 W 20020322
Abstract (en)
[origin: WO03083602A2] The present invention provides a system and method that enables user, such as institutional investors and financial institutions, to interactively engage in capital market transactions, including the trading of Over-the-Counter financial products, via the Internet (including the World Wide Web). The system includes a variety of servers, applications, and interfaces that enable users to interactively communicate and trade financial instruments among one another, and to manage their portfolios. Interactive communications supported by the system include: requesting price quotes, monitoring and reviewing quote requests, issuing price quotes, monitoring and reviewing price quotes, negotiation between users, acceptance of price quotes, reporting, portfolio management, analysis of financial information and market data, calendaring, and communications among users and/or system administrators, including e-mail, chat, and message boards. The present invention also supports communications with the server side in an automated manner via an automated processor. Such automated communications enable connectivity with users'internal, back-end systems to execute automated, straight-through processing, including transaction pricing, payment, scheduling and journaling, derivatives trading, trade confirmation, and trade settlement. Such communications are facilitated using a novel XML-based syntax (FinXML<TM>) and XSL-based processing language (FinScript<TM>). FinXML provides a standard data interchange language for capital market transactions and supports a broad set of elements and attributes that represent a wide variety of financial transactions, reference data, and market data. The common description of the FinXML syntax can be used for all aspects of straight-through-processing, including deal creation, confirmation, settlement, payment, risk management, and accounting.
IPC 1-7
IPC 8 full level
G06Q 30/00 (2012.01); G06Q 40/00 (2012.01)
CPC (source: EP)
G06Q 30/08 (2013.01); G06Q 40/06 (2013.01)
Citation (search report)
- No Search
- See references of WO 03083602A2
Designated contracting state (EPC)
AT BE CH CY DE DK ES FI FR GB GR IE IT LI LU MC NL PT SE TR
DOCDB simple family (publication)
WO 03083602 A2 20031009; WO 03083602 A3 20040205; AU 2002367822 A1 20031013; CA 2478021 A1 20031009; EP 1488358 A2 20041222; EP 1488358 A4 20051109; JP 2005521175 A 20050714
DOCDB simple family (application)
US 0209106 W 20020322; AU 2002367822 A 20020322; CA 2478021 A 20020322; EP 02807144 A 20020322; JP 2003580964 A 20020322