James Lennane - Naples FL, US Bridget O'Flaherty - Davis CA, US John Serences - Carmichael CA, US Bill Henley - Loomis CA, US Kyle Shelton - Cameron Park CA, US John Swann - Davis CA, US
International Classification:
G06F017/60
US Classification:
705037000, 705035000
Abstract:
Methods and apparatus for instantaneously settling the transaction of securities over a network are disclosed. In one example, the trading system holds all users' money and securities and users are only able to exchange securities within the trading system. The trading system checks the users' accounts before initiating a buy or sell order thereby facilitating the instantaneous settlement of the transaction upon matching the orders which occur within the system.