Systems and methods for trading derivatives purchased on a blockchain on a digital trading platform that integrates with the traditional broker-dealer ecosystem
AssigneeBlackstar Enterprises Group, Inc.
InventorJoe Kurczodyna
Life of this patent
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Abstract
The present invention discloses a system and method of trading derivatives purchased on a blockchain within the traditional broker-dealer ecosystem. In these systems and methods, derivatives purchased on a blockchain can be traded within the traditional broker-dealer ecosystem by a user using their brokerage account. Users participate on a digital trading platform within the traditional broker-dealer ecosystem, where they take an action that comprises the placement of at least one of an order, bid or offer on the derivatives.
Claims18
A computer-implemented method for trading derivatives, the method comprising:
- purchasing the derivatives trading on a blockchain, wherein the derivatives are, in real time, integrated with trading software executing on a digital trading platform, the digital trading platform comprising:
- inviting at least one user to:
- participate on the digital trading platform;
- and
- to take at least one action, wherein the at least one action comprises the placement of at least one of an order, bid or offer;
- receiving the at least one of an order, bid or offer, wherein the at least one of the order, bid or offer comprises at least one digital price;
- encrypting the at least one of an order, bid or offer as encrypted data;
- storing the encrypted data and the at least one digital price, such that the at least one of an order, bid or offer creates an immutably verifiable record that is time-stamped and that cannot be subject to subsequent data entry manipulation;
- providing a quote of the at least one digital price in order to facilitate at least one transaction;
- and
- completing the at least one transaction.
A computer-implemented method for trading derivatives, the method comprising:
- purchasing derivatives trading on a blockchain, wherein the derivatives are, in real time, integrated with trading software executing on a digital trading platform, wherein the digital trading platform is configured to:
- take at least one action, wherein the at least one action comprises the placement of at least one of an order, bid or offer;
- receive the at least one of an order, bid or offer, wherein the at least one of the order, bid or offer comprises at least one digital price;
- encrypt the at least one of an order, bid or offer as encrypted data;
- store the encrypted data and the at least one digital price, such that the at least one of an order, bid or offer creates an immutably verifiable record that is time-stamped and that cannot be subject to subsequent data entry manipulation;
- provide a quote of the at least one digital price in order to facilitate at least one transaction;
- and
- complete the at least one transaction.
A computer-implemented method for trading derivatives, the method comprising:
- purchasing derivatives trading on a blockchain, wherein the derivatives are, in real time, integrable with trading software executing on a digital trading platform, wherein the derivatives are manipulatable via the digital trading platform, which is configured to:
- take at least one action, wherein the at least one action comprises the placement of at least one of an order, bid or offer;
- receive the at least one of an order, bid or offer, wherein the at least one of the order, bid or offer comprises at least one digital price;
- encrypt the at least one of an order, bid or offer as encrypted data;
- store the encrypted data and the at least one digital price, such that the at least one of an order, bid or offer creates an immutably verifiable record that is time-stamped and that cannot be subject to subsequent data entry manipulation;
- provide a quote of the at least one digital price in order to facilitate at least one transaction;
- and
- complete the at least one transaction.
Dependencies are inferred from the claim text.