Method and system for initiating and clearing trades
AssigneeAmerican International Group, Inc.
InventorsRobert J. Feilbogen, Paul Varnish
Life of this patent
Estimating the term…
Abstract
A system and method are provided for facilitating the exchange of data between one or more price providers and customers who communicate with the price providers through various portals, each of which may use it own data format. In transmitting data from customer to price provider, the data output from each portal is normalized to a standardized format and then transmitted to the appropriate price provider(s) where the data exchanged with the various portals can be viewed by a trader at a single display or can be exchanged with an automated pricing engine. The customer may also be provided with a universal Web site at which a customer may access any of the portals' Web sites to simplify access for the customer as well.
Claims9
1-41. (canceled)
A system for electronically exchanging data related to financial transactions between a plurality of price providers which provides price quotes for trading financial instruments and executes trades and a plurality of customers of the price provider through a plurality of electronic portals, wherein each of the plurality of electronic portals may use one of multiple different portal-specific data formats, and wherein a particular customer may use any of the plurality of electronic portals to which the customer has access to communicate with the price provider, the system comprising:
- a plurality of gateways, each gateway being linked to a different one of the plurality of electronic portals, wherein the gateways translate data received from any of the plurality of electronic portals from a respective portal-specific format to a standardized format, and for translating data received in the standardized format from the price provider to the respective portal-specific format of the particular portal of the plurality of electronic portals to which the data is routed, and
- a central transit point that links the gateways to the price provider and through which the normalized data is transmitted to the price provider.
Dependencies are inferred from the claim text.