The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Sep. 10, 2013
Filed:
Mar. 03, 2010
Liam Cheung, St. Lambert, CA;
Mohamed Hirani, Toronto, CA;
Robert Bruce Pitt, Aliso Viejo, CA (US);
Eric Jonathan Stoop, Ladera Ranch, CA (US);
Liam Cheung, St. Lambert, CA;
Mohamed Hirani, Toronto, CA;
Robert Bruce Pitt, Aliso Viejo, CA (US);
Eric Jonathan Stoop, Ladera Ranch, CA (US);
Verticlear, Inc., San Juan Capistrano, CA (US);
Abstract
In certain embodiments, a computer system and process for use in a trading system are provided that allow trading entities to compress trade records while simplifying the reconciliation process. Advantageously, compressed trade records are processed by a custodian firm, while uncompressed reconciliation data are processed by a central counterparty. In some embodiments, a computer system and process are provided that allows trading entities to compress trade records across markets. Advantageously, compression across markets provides a larger pool of eligible trade records for compression, increasing the number of compressible trades, and thus reducing fees paid by the trading firm and the amount of data transmitted.