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US 2018/0122007 A1Published application
In-cash foreign currency trading system
OwnerGuilherme Mendes Francoinventor
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OwnerGuilherme Mendes Francoinventor
Estimating the term…
The in-cash foreign currency trading system, object of this invention, basically consists of software that operates a virtual environment was developed to bring all participants together in the in-cash foreign currency market such as end buyers, end sellers, exchange currency representatives, and the offices of the Financial Institution (FI), (which is behind the system), and other financial institutions operating in the foreign exchange market, making it possible for participants to have the freedom to practice their offers, unlike the current model being used in the market. This new virtual environment organizes similar offerings and allows the closing of only the best offers in each segment. The conditions cannot be changed after closing the deal on the platform, thereby protecting the participants against future currency fluctuations or from one of the party's backing out. This system automates and carries out the necessary operations, organizes similar offerings and breaks them down by type of currency and delivery method, centralizing all participants' offers, including end-clients. It also organizes similar offerings so that only the best deals in each segment can be closed. The conditions cannot be changed after closing the deal on the platform, thereby protecting the participants against future currency fluctuations or from one of the party's backing out, allowing the parties to close deals between themselves. In short, the System's software manager has four modules: General Registrations, Individual Registration and Parameters, Corporate Registration and Parameters, and Negotiations Module as well as custody, financial, general, security, monitoring, and routines and integration modules.
“AN IN-CASH FOREIGN CURRENCY TRADING SYSTEM”, a virtual environment developed to bring all participants together in the in-cash foreign currency market such as end buyers, end sellers, and other financial institutions operating in the foreign exchange market, in addition to exchange currency representatives, and the offices of the Financial Institution that carries out the registration and the receipt of funds, characterized by the fact that the virtual trading environment, created through a software platform, automates and carries out the necessary operations, organizes similar offerings and breaks them down by type of paper currency and delivery method, centralizing all participants' offers, including end-clients. It also organizes similar offerings so that only the deals involving the best offers in each segment can be closed and the conditions cannot be changed after closing the deal on the platform, thereby protecting the participants against future currency fluctuations or from one of the party's backing out, thereby enabling the parties to close whatever transactions they conduct with each other. Said software comprises four main modules:
Dependencies are inferred from the claim text.