SYSTEM FOR GENERATING AND TRANSMITTING INDICATIONS OF INTEREST
A system for distributing indications of interest (IOIs) to trade one or more financial instruments is provided, where the system includes at least an input/output (I/O) device, an order management system, a data server, and an analysis and correlation engine communicatively coupled to the I/O device, the order management system, and the data server. The analysis and correlation engine can be configured to receive merchandise-related data from the I/O device, trade order data from the order management system, and client holdings data from the data server. The system can be configured to calculate correlation data based on the merchandise-related data, the trade order data, and the client holdings data and to select one or more target clients for receiving IOIs based on the correlation data. The system can also create and transmit IOI messages to the one or more target clients.
1 . A computer system for generating and distributing indications of interest (IOIs) to clients, comprising:
a processor; and
a memory storing instructions that, when executed by the processor, cause the computer system to:
receive an order;
post a portion of the order to a merchandise board as a merchandise item;
generate a plurality of IOI shapes corresponding to the merchandise item;
map one or more clients to one or more tiers associated, each tier associated with one of the IOI shapes;
generate a client score for each of the one or more clients based on at least one of client financial data, client holdings, and historic client orders;
display clients and IOIs;
associate clients into one or more tiers with a corresponding IOI shape;
generate an IOI message for each IOI shape; and
transmit each IOI shape to each to the clients mapped to each corresponding tier.
2 . The computer system of claim 1 , further including determining if a reroll is necessary.
3 . The computer system of claim 1 , wherein each IOI shape corresponds to at least one of a price, a quantity, and a release time.
4 . The computer system of claim 1 , wherein the client financial data includes one or more of client trading activity, predetermined client preferences, currently held securities by the client, client exposure to various market sectors, and client or client competitor related news.
5 . The computer system of claim 1 , further including:
determining whether each of the one or more clients should be automatically opted-in based on the client score and other information; and
automatically opting-in clients based on the client score.
6 . The computer system of claim 1 , further including:
receiving instructions to override the opt-in of each client.
7 . The computer system of claim 1 , further including:
determining a time value for transmission of the IOI message.
8 . A method for generating and distributing indications of interest (IOIs) to clients, comprising:
receiving an order;
posting a portion of the order to a merchandise board as a merchandise item;
generating a plurality of IOI shapes corresponding to the merchandise item;
mapping one or more clients to one or more tiers, each tier associated with one of the IOI shapes;
generating a client score for each of the one or more clients based on at least one of client financial data, client holdings, and historic client orders;
displaying clients and IOIs;
associating clients into one or more tiers with a corresponding IOI shape;
generating an IOI message for each IOI shape; and
transmitting each IOI shape to the clients mapped to each corresponding tier.
9 . The method of claim 8 , further comprising:
determining if a reroll is necessary.
10 . The method of claim 8 , wherein each IOI shape corresponds to at least one of a price, a quantity, and a release time.
11 . The method of claim 8 , wherein the client financial data includes one or more of client trading activity, predetermined client preferences, currently held securities by the client, client exposure to various market sectors, and client or client competitor related news.
12 . The method of claim 8 , further comprising:
determining whether each of the one or more clients should be automatically opted-in based on the client score and other information; and
automatically opting-in clients based on the client score.
13 . The method of claim 8 , further comprising:
receiving instructions to override the opt-in of each client.
14 . The method of claim 8 , further comprising:
determining a time value for transmission of the IOI message.
15 . A non-transitory computer-readable medium storing instructions that, when executed by a processor, cause a computer system to generate and distribute indications of interest (IOIs) to clients, be performing the steps of:
receiving an order;
posting a portion of the order to a merchandise board as a merchandise item;
generating a plurality of IOI shapes corresponding to the merchandise item;
mapping one or more clients to one or more tiers, each tier associated with one of the IOI shapes;
generating a client score for each of the one or more clients based on at least one of client financial data, client holdings, and historic client orders;
displaying clients and IOIs;
associating clients into one or more tiers with a corresponding IOI shape;
generating an IOI message for each IOI shape; and
transmitting each IOI shape to the clients mapped to each corresponding tier.
16 . The non-transitory computer-readable medium of claim 15 , further including:
determining if a reroll is necessary.
17 . The non-transitory computer-readable medium of claim 15 , wherein each MI shape corresponds to at least one of a price, a quantity, and a release time.
18 . The non-transitory computer-readable medium of claim 15 , wherein the client financial data includes one or more of client trading activity, predetermined client preferences, currently held securities by the client, client exposure to various market sectors, and client or client competitor related news.
19 . The non-transitory computer-readable medium of claim 15 , further including:
determining whether each of the one or more clients should be automatically opted-in based on the client score and other information; and
automatically opting-in clients based on the client score.
20 . The non-transitory computer-readable medium of claim 15 , further including:
receiving instructions to override the opt-in of each client.
21 . The non-transitory computer-readable medium of claim 15 , further including:
determining a time value for transmission of the MI message.