Firm trade processing system and method

A system comprising:

• a server comprising one or more processors and a non-transitory computer-readable medium, the server configured to:
• receive a hypothetical trade from a first computing device, the hypothetical trade comprising a first type that is incompatible with processing by a clearing module of the server;
• convert the hypothetical trade into a firm trade of the first type by identifying a second computing device as a counterparty to the hypothetical trade, wherein one device of the first computing device and the second computing device comprises an application programming interface (API) associated with the server, and a remaining device of the first computing device and the second computing device comprises an interactive graphical user interface (GUI);
• identify, by a trading link module of the server, the one device as comprising the API, and the remaining device as failing to include the API;
• responsive to identifying that the one device comprises the API:
• automatically transmit, by the trading link module, a data request to the one device via the API, such that the data request is automatically received and processed by the API, and
• automatically receive, by the trading link module, from a trade capture module of the one device via the API, participant specific data corresponding to one of a first participant and a second participant associated with the one device, responsive to the data request;
• responsive to identifying that the remaining device fails to include the API:
• automatically transmit, by the trading link module, a further data request to the remaining device such that the further data request is configured to be displayed on the interactive GUI of the remaining device, the further data request comprising a prompt to enter further participant specific data corresponding to a remaining one of the first participant and the second participant associated with the remaining device, and
• receive, by the trading link module, the further participant specific data input to the interactive GUI from the remaining device;
• convert, by the clearing module, the firm trade to an enriched firm trade by appending the participant specific data and the further participant specific data to the firm trade;
• convert, by the clearing module, the enriched firm trade to a cleared trade of a second type that is compatible with processing by the clearing module and process the cleared trade;
• and
• submit the cleared trade to a trade reporting repository.