Stuart L Breslow

US Patent:

7617148, Nov 10, 2009

Filed:

Sep 30, 2005

Appl. No.:

11/242422

Inventors:

Stuart L. Breslow - Mountain Lakes NJ, US
John Martin Price - Murray Hill NJ, US
Ravindra Babu Jasti - Holmdel NJ, US
Robert K. Laible - Rowayton CT, US
Leigh Ann Peterson - Pennington NJ, US
David A. Conner - New Canaan CT, US
Andrew C. Freeman - Old Greenwich CT, US

Assignee:

Barclays Capital Inc. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

A system and method where a client creates a basket of intended stock orders, slices the basket into one or more waves of orders, sends trade orders to a broker/dealer for execution, and allocates stocks to one or more client accounts. A backend server receives basket or wave orders, breaks each basket or wave order into individual stock orders, and queues the individual stock orders for submission to an order management system for execution of the order. A market data feed to the client continuously updates the information displayed to the client. The client may strike a basket or wave or individual stock by entering strike information into a client database residing on a client computer. The system also provides for allocation of executed trades to client-specified accounts.

US Patent:

7529704, May 5, 2009

Filed:

Dec 30, 1999

Appl. No.:

09/476448

Inventors:

Stuart Lee Breslow - Mountain Lakes NJ, US
Alla Turetsky - Oradell NJ, US
Robert Kodey - Philadelphia PA, US
Todd Commisso - New York NY, US

Assignee:

Painwebber, Inc. - Weehawken NJ

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

A computer-based system for trading financial instruments alerts a computer operated by a financial advisor at points where a client interacts with the system. Specifically, in response to the client entering an order to trade a financial instrument, a first alert is transmitted in real-time to the financial advisor's computer including information pertaining to the trade. In the case of validation, in response to the first alert, the user of the financial advisor computer can, in real-time, take action regarding the validated trade prior to execution of the trade. On the other hand, in the case of non-validation, a second alert is transmitted to the financial advisor's computer, and the user of the financial advisor computer can, in real-time, again take action regarding the non-validated trade prior to execution of the trade.