Transaction and settlement validation service
In certain aspects of the disclosure, a computer-implemented method includes receiving an initial order based on a user input. The method includes mapping out correct steps from the initial order to settlement. The method includes validating instructions at each step. The method includes recording data pertaining to permit the settlement of the transaction.
1. A computer-implemented method comprising:
accessing transaction data at an Alternative Trading System (ATS), the transaction data defining a transaction requesting transfer of an asset between a first user and a second user of the ATS, the transaction associated with a transaction type including a sequence of transaction stages;
utilizing a computerized validation service outside of the ATS to independently validate appropriate completion of the transaction as well as each transaction stage in a transaction stage subset, the transaction stage subset including at least two transaction stages from among the sequence of transaction stages, including:
formulating a parallel transaction flow representing transaction stages of the transaction based on the transaction type; and
utilizing the parallel transaction flow precomputing intended transaction stage output for a transaction stage in the transaction stage subset based on rules of the ATS and the transaction data;
in parallel with utilizing the computerized validation service, detecting initiation of an actual transaction flow implementing the transaction at the ATS;
validating performance of the transaction stage concurrently with performance of the actual transaction flow at the ATS, including:
digitally intercepting actual output from the transaction stage of the actual transaction flow;
comparing the intercepted actual output against the precomputed intended transaction stage output;
gathering comparison results from the comparison; and
controlling further performance of the transaction at the ATS based on the comparison results.
2. The computer-implemented method of claim 1 , wherein controlling further performance of the transaction comprises:
approving transaction progression to another transaction stage of the transaction based on the comparison results; and
electronically notifying the ATS of the approval.
3. The computer-implemented method of claim 2 , wherein electronically notifying the ATS of the approval comprises sending an approval key to the ATS.
4. The computer-implemented method of claim 3 , wherein digitally intercepting actual output comprises intercepting at least two of: a seller ID, a property ID, a buyer ID, a share ID, an amount of shares, and a value of shares.
5. The computer-implemented method of claim 3 , wherein sending an approval key comprises sending an encrypted approval key.
6. The computer-implemented method of claim 1 , wherein controlling further performance of the transaction comprises:
preventing progression to another transaction stage of the transaction based on the comparison results identifying a transaction error; and
electronically notifying the ATS of the error.
7. The computer-implemented method of claim 6 , further comprising:
receiving updated actual output of retrying the transaction stage from an artificial intelligence self-healing process subsequent to notifying the ATS of the error;
further comparing the updated actual output against the precomputed intended transaction stage output;
gathering further comparison results from the further comparison; and
approving transaction progression to the next transaction stage based on the further comparison results.
8. The computer-implemented method of claim 1 , wherein gathering comparison results comprises detecting that the actual output matches the precomputed intended transaction stage output.
9. A system comprising;
a computerized alternative trading system (ATS);
a computerized validation service;
one or more processors; and
system memory coupled to the one or more processors and storing instructions configured to cause the one or more processors to:
access transaction data corresponding to a transaction requesting transfer of an asset between a first user and a second user of the ATS, the transaction associated with a transaction type including a sequence of transaction stages;
utilize the computerized validation service to independently validate appropriate completion of the transaction as well as each transaction stage in a transaction stage subset, the transaction stage subset including at least two transaction stages from among the sequence of transaction stages, including:
formulate a parallel transaction flow representing transaction stages of the transaction based on the transaction type; and
utilize the parallel transaction flow to precompute intended transaction stage output for a transaction stage in the transaction stage subset based on rules of the ATS and the transaction data;
in parallel with utilizing the computerized validation service, detect initiation of an actual transaction flow implementing the transaction at the ATS;
validate performance of the transaction stage concurrently with performance of the actual transaction flow at the ATS, including:
digitally intercept actual output from the transaction stage of the actual transaction flow;
compare the intercepted actual output against the precomputed intended transaction stage output;
gather comparison results from the comparison; and
control further performance of the transaction at the ATS based on the comparison results.
10. The system of claim 9 , wherein the instructions configured to cause the one or more processors to control further performance of the transaction comprise instructions configured to cause the one or more processors to:
approve transaction progression to another transaction stage of the transaction based on the comparison results; and
electronically notify the ATS of the approval.
11. The system of claim 10 , wherein the instructions configured to cause the one or more processors to electronically notify the ATS of the approval comprise instructions configured to cause the one or more processors to send an approval key to the ATS.
12. The system of claim 11 , wherein the instructions configured to cause the one or more processors to digitally intercept actual output comprise instructions configured to cause the one or more processors to intercept at least two of: a seller ID, a property ID, a buyer ID, a share ID, an amount of shares, and a value of shares.
13. The system of claim 11 , wherein the instructions configured to cause the one or more processors to send an approval key comprise instructions configured to cause the one or more processors to send an encrypted approval key.
14. The system of claim 9 , wherein the instructions configured to cause the one or more processors to control further performance of the transaction comprise instructions configured to cause the one or more processors to:
prevent progression to another transaction stage of the transaction based on the comparison results identifying a transaction error; and
electronically notify the ATS.
15. The system of claim 14 , further comprising instructions configured to cause the one or more processors to:
receive updated actual output of retrying the transaction stage from an artificial intelligence self-healing process subsequent to notifying the ATS of the error;
further compare the updated actual output against the precomputed intended transaction stage output;
gather further comparison results from the further comparison; and
approve transaction progression to another transaction stage of the transaction based on the further comparison results.
16. The system of claim 9 , wherein the instructions configured to cause the one or more processors to gather comparison results comprise the instructions configured to cause the one or more processors to detect that the actual output matches the precomputed intended transaction stage output.