IP Library Granted Patent US 8,417,622
Granted Patent B2
US 8,417,622 · App. 12/984,651 · Granted Apr 9, 2013

Systems and methods of conducting financial transactions

View Patent ↗
Loading inventors, assignments & file history…
Monitor This Case
Get email alerts when status or documents change.
Order Certified Copies
Most orders are placed with the USPTO same day — all within 24 business hours.
Order via The Patent Place →
Pre-filled with this patent's details
Quick Facts
Patent No.
US 8,417,622
App. No.
12/984,651
Granted
Apr 9, 2013
Kind
B2
Abstract

Systems and methods of conducting financial transactions are disclosed. For example, one disclosed method includes receiving a first price on a computer from a provider, the first price associated with an available volume of a financial instrument; associating the price with the provider in a computerized database of a plurality of providers; identifying a plurality of user-preferred providers in the computerized database associated with the first price; aggregating the available volume of the financial instrument offered for sale or required for purchase by the plurality of user-preferred providers on the computer; and causing the aggregated volume of the financial instrument to be displayed on a display in communication with the computer.

Claims (32)

1. A computer-implemented method comprising:

receiving by a computer a first price from a provider and an identifier associated with the provider, the first price associated with an available volume of a financial instrument;

associating by the computer the price with the provider in a computerized database of a plurality of providers;

identifying by the computer a plurality of user-preferred providers in the computerized database associated with the first price;

aggregating by the computer the available volume of the financial instrument offered for sale or required for purchase by the plurality of user-preferred providers on the computer; and

causing by the computer the aggregated volume of the financial instrument to be displayed on a display in communication with the computer.

2. The computer-implemented method according to claim 1 , wherein the first price comprises at least one of a bid rate or an offer rate.

3. The computer-implemented method according to claim 1 , wherein each of the plurality of providers is associated with a preference status comprising a user defined component and a system defined component, the user defined component defining a relative preference of a user for one of the plurality of providers, and the system defined component specifying a relative preference of a system for the provider.

4. The computer-implemented method according to claim 1 , wherein each of the plurality of providers provides a price of the financial instrument from a source, the source comprising a financial institution.

5. A non-transient computer-readable medium on which is encoded executable program code, which when executed by a processor is configured to cause the processor to:

receive a user-defined preference status for each of a plurality of providers, the user-defined preference status based on a relative preference of a user for each of the plurality of providers;

receive prices from the plurality of providers each of the received prices comprising a bid rate or an offer rate and further comprising an available volume of a financial instrument associated with each of the received prices;

generate a first list of the plurality of providers sorted in ascending order based on the received prices associated with the bid rates;

identify from the first list a tie between a first provider associated with a first bid rate and a first user-defined preference status and a second provider associated with a second bid rate and a second user-defined preference status, wherein the first bid rate and the second bid rate are equal, and the first user-defined preference status is greater than the second user-defined preference status;

sort the first list such that the first provider appears before the second provider;

generate a second list of the plurality of providers sorted in ascending order based on the received prices associated with the offer rates;

identify from the second list a tie between a third provider associated with a first offer rate and a third user-defined preference status and a fourth provider associated with a second offer rate and a fourth user-defined preference status, wherein the first offer rate and the second offer rate are equal, and the third user-defined preference status is greater than the fourth user-defined preference status;

sort the second list such that the third provider appears before the fourth provider;

display the first list and the second list.

6. The non-transient computer-readable medium according to claim 5 , further comprising encoded executable program code, which when executed by a processor is configured to cause the processor to:

receive a selection of a selected provider from the first list or the second list;

identify a plurality of user-preferred provider providing a price equal to that provided by the selected provider; and

aggregate the available volume of the financial instrument provided for sale or required for purchase by the plurality of user-preferred providers.

7. A non-transient computer-readable medium on which is encoded executable program code, which when executed by a processor is configured to cause the processor to:

receive a first price from a provider and an identifier associated with the provider, the first price associated with an available volume of a financial instrument;

associate the price with the provider in a database of a plurality of providers;

identify a plurality of user-preferred providers associated with the first price; and

aggregate the available volume of the financial instrument offered for sale or required for purchase by the plurality of user preferred providers; and

display the aggregated volume of the financial instrument.

8. The computer-readable medium according to claim 7 , wherein the first price comprises at least one of a bid rate or an offer rate.

9. The computer-readable medium according to claim 7 , wherein each of the plurality of providers is associated with a preference status comprising a user defined component and a system defined component, the user defined component defining a relative preference of a user for one of the plurality of providers, and the system defined component specifying a relative preference of a system for the provider.

10. The computer-readable medium according to claim 7 , wherein each of the plurality of providers provides a price of the financial instrument from a source, the source comprising a financial institution.

Assignments (6)
RELEASE OF SECURITY INTEREST Recorded Sep 17, 2025
From: FIRST-CITIZENS BANK & TRUST COMPANY (SUCCESSOR BY PURCHASE TO THE FEDERAL DEPOSIT INSURANCE CORPORATION AS RECEIVER FOR SILICON VALLEY BRIDGE BANK, N.A.
To: INTEGRAL DEVELOPMENT CORP.
Reel/Frame 072290/0125 →
SECURITY INTEREST Recorded Aug 14, 2023
From: NH EXPANSION CREDIT FUND HOLDINGS LP
To: INTEGRAL DEVELOPMENT CORP.
Reel/Frame 064579/0145 →
RELEASE OF SECURITY INTEREST Recorded Jul 2, 2018
From: OAKTREE SPECIALTY LENDING CORPORATION
To: INTEGRAL DEVELOPMENT CORP; INFX II, LLC; INFX BROKERAGE LLC; INFX SEF, INC.; INFX SDR, INC.
Reel/Frame 046253/0256 →
SECURITY INTEREST Recorded Jul 2, 2018
From: INTEGRAL DEVELOPMENT CORP
To: NH EXPANSION CREDIT FUND HOLDINGS LP
Reel/Frame 046254/0055 →
SECURITY INTEREST Recorded Jul 13, 2014
From: INTEGRAL DEVELOPMENT CORP.
To: SILICON VALLEY BANK
Reel/Frame 033309/0663 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jan 7, 2011
From: SANDHU, HARPAL S.; DOULL, IAN; LIEDBERG, BRIAN
To: INTEGRAL DEVELOPMENT CORPORATION
Reel/Frame 025599/0140 →