System and method for conducting web-based financial transactions in capital markets

An online system for facilitating financial transactions involving the exchange of financial instruments, the online system comprising:

• a connect processor to facilitate the exchange of messages among member and provider systems, including transaction messages that contain information and data regarding transactions between members and providers, wherein the connect processor is configured to convert XML documents to/from Java objects;
• and
• a web server in communication with the connect processor and operable to enable a buyer to engage in a transaction with one or more sellers the web server operable to generate:
• an interactive interface that enables providers to generate the details of price quotes for both purchase and sale transactions and communicate such price quotes to a pricing engine wherein the pricing engine determines the purchase and sale price quotes to be displayed to the member, based on pre-selected pricing criteria associated with each member of the one or more members, and communicates such price quotes to the member;
• an interactive interface that enables the member to view the purchase and sale price quotes received from the pricing engine;
• and
• an interactive interface that enables the member to accept price quotes received from one or more providers, generate transaction terms related to each price quote, and communicate the transaction terms and acceptances to the providers, wherein the transaction terms are generated as Java objects and communicated as XML documents.

An online system for facilitating financial transactions involving the exchange of financial instruments, the online system comprising:

• a connect processor to facilitate the exchange of messages between a member and a provider, including trans action messages that contain information and data regarding transactions between members and providers, wherein the connect processor is configured to convert XML documents to/from Java objects;
• and
• a web server that enables a member to engage in a transaction with one or more providers, the web server including:
• (1) an interactive interface that enables the provider to generate and modify the details of price quotes and communicate such price quotes to the one or more members, and wherein a price quote generated by a provider includes both purchase and sale price quotes;
• (2) an interactive interface that enables the member to view price quotes received from the one or more providers;
• and
• (3) an interactive interface that enables the member to accept price quotes received from the one or more providers, generate transaction terms related to each price quote, and communicate the transaction terms and acceptances to the one or more providers, wherein the transaction terms are generated as Java objects and communicated as XML documents.

A web server system for facilitating financial transactions, the web server system comprising:

• a reporting server operable for:
• monitoring one or more financial transactions between one or more provider systems and one or more member systems;
• and
• obtaining information associated with the one or more financial transactions;
• and
• one or more databases operable for storing the information associated with the one or more financial transactions, and wherein the information associated with the one or more financial transactions comprises pre-transactions data, transaction data, and post transaction data.