Is a
Patent attributes
Patent Jurisdiction
Patent Number
Patent Inventor Names
Timothy H Heaton0
Joel Weiss0
Date of Patent
April 27, 2010
0Patent Application Number
103454660
Date Filed
January 14, 2003
0Patent Primary Examiner
Patent abstract
The present invention is related to systems and methods for implementing commission allocations in transaction management of auction-based trading for specialized items such as interest-rate-related instruments. In accordance with these systems and methods, a plurality of workstations that are connected to a server, and a structured commission allocation protocol may be provided. Through the workstations, the server, and the commission allocation protocol, the systems and methods may allocate commissions or fees when trading securities at accelerated levels with minimal errors and costs, control commission elements during real-time trading, and distribute commission and transaction data in real time.
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