Order delivery in a securities market
AssigneeThe NASDAQ OMX Group, Inc.
InventorsCarolyn A. Nalbandian, Daniel F. Moore, Fred Stiening
Life of this patent
Estimating the term…
Abstract
A method of processing delivery messages in a security processing architecture includes receiving an expression of interest to enter into a transaction to buy or sell a security, matching the expression of interest with other expressions of interest, sending a message to a market participant that a match exists, recording a delivery in a delivery log file, recording the delivery in a delivery work in process (WIP) file, and receiving a response message from the market participant.
Claims42
A method of processing delivery messages in a security processing architecture comprising:
- receiving an expression of interest to enter into a transaction to buy or sell a security;
- matching the expression of interest with other expressions of interest;
- sending a message to a market participant that a match exists;
- recording a delivery in a delivery log file;
- recording the delivery in a delivery work in process (WIP) file;
- and
- receiving a response message from the market participant.
An article comprising a machine-readable medium that stores executable instructions for validation within a securities processing system, the instructions causing a machine to:
- receive an expression of interest to enter into a transaction to buy or sell a security;
- match the expression of interest with other expressions of interest;
- send a message to a market participant that a match exists;
- record a delivery in a delivery log file;
- record the delivery in a delivery work in process (WIP) file;
- and
- receive a response message from the market participant.
A securities processing system comprising:
- a memory that stores executable instructions for validations;
- the securities processing system executes the instructions to:
- receive an expression of interest to enter into a transaction to buy or sell a security;
- match the expression of interest with other expressions of interest;
- send a message to a market participant that a match exists;
- record a delivery in a delivery log file;
- record the delivery in a delivery work in process (WIP) file;
- and
- receive a response message from the market participant.
Dependencies are inferred from the claim text.