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US 2018/0211316 A1Published application
Systems and methods for private node-level data computing and reconciliation
AssigneeJiko Group, Inc.
InventorsStephane Lintner, Andrea G. Forte, Hannes Helgason, Rocky Motwani
Life of this patent
Estimating the term…
Abstract
Aspects and embodiments are directed to method and system for node based reconciliation. Various aspects also provide for real-time securities exchange while supporting cash based transactions. Additional aspects incorporate improved user interfaces for enabling single selection investment decisions for all of a clients' wealth.
Claims20
A node based clearing system, the system comprising:
- at least a first node associated with a first client, wherein the first node includes:
- a private record for the first client, wherein the private record provides a single source for a transaction history for the first client;
- a monetary account associated with the private record;
- a broker account associated with a trading component executed by the first node;
- the trading component executing on the first node, configured to:
- monitor dynamically any available balance in the monetary account;
- and
- responsive to identifying a positive balance, generate automatically an investment purchase based on any existing securities and generate an allocation of assets in the investment purchase such that the assets or total holdings of the first client meet a defined risk parameter, wherein the generation of the investment purchase includes calculation and optimization for a cost of liquidation of at least a portion of the existing securities and the investment purchase, such that the optimized selection of assets further minimize a cost associated with meeting any needed value for executing subsequent transactions on the monetary account;
- transfer funds between the monetary account and the broker account based on key and monetary value pair exchange and validation;
- and
- execute the investment purchase.
8 more elements
A method for node based clearing, the method comprising:
- generating by at least a first node associated with a first client, a private record for the first client, wherein the private record provides a single source for a transaction history for the first client;
- establishing for the first node a monetary account associated with the private record and a broker account associated with a trading component executed by the first node;
- dynamically monitoring, by the first node any available balance in the monetary account;
- and
- responsive to identifying a positive balance, generating automatically an investment purchase based on any existing securities and generating an allocation of assets in the investment purchase such that the assets or total holdings of the first client meet a defined risk parameter, wherein the act of generating the investment purchase includes acts of:
- calculating and optimizing for a cost of liquidation of at least a portion of the existing securities and the investment purchase, such that the optimized selection of assets further minimize a cost associated with meeting any needed value for executing subsequent transactions on the monetary account;
- transferring, by the first node, funds between the monetary account and the broker account based on key and monetary value pair exchange and validation;
- and
- executing the investment purchase.
6 more elements
Dependencies are inferred from the claim text.