Crossmar, Inc.

Dave M Jacobs

Rick Fitzpatrick

John G Hawkins

The present invention, an embodiment of which is known as Crossmar Matching Service (CMS) provides a method and system for matching order routing of securities and other instrument types, and for matching other transaction information on a post-execution basis, such as during the confirmation and settlement phase. The functions of the present invention occur on the post-execution side of the value chain and include matching the financials, matching the delivery instructions, and confirming those deliveries and instructions. The method and system of the present invention thus further provide a confirmation and settlement system for these functions.

Method and system for confirmation and settlement for financial transactions matching

The Broker to Broker Matching Electronic Trading Confirmation system confirms and settles trade orders placed between brokers from various regions of the world. It automatically matches the originating broker's orders with the executing broker's confirmations, generates and sends settlement instructions to the broker's corresponding clearing agents, and allows those clearing agents to monitor orders before the orders are executed, minimizing risk and improving settlement rates.

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Wayne, NJ, United States of America

Dave M Jacobs