Andrew Michael Freeman

US Patent:

7617148, Nov 10, 2009

Filed:

Sep 30, 2005

Appl. No.:

11/242422

Inventors:

Stuart L. Breslow - Mountain Lakes NJ, US
John Martin Price - Murray Hill NJ, US
Ravindra Babu Jasti - Holmdel NJ, US
Robert K. Laible - Rowayton CT, US
Leigh Ann Peterson - Pennington NJ, US
David A. Conner - New Canaan CT, US
Andrew C. Freeman - Old Greenwich CT, US

Assignee:

Barclays Capital Inc. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

A system and method where a client creates a basket of intended stock orders, slices the basket into one or more waves of orders, sends trade orders to a broker/dealer for execution, and allocates stocks to one or more client accounts. A backend server receives basket or wave orders, breaks each basket or wave order into individual stock orders, and queues the individual stock orders for submission to an order management system for execution of the order. A market data feed to the client continuously updates the information displayed to the client. The client may strike a basket or wave or individual stock by entering strike information into a client database residing on a client computer. The system also provides for allocation of executed trades to client-specified accounts.