Claims:WHAT WE CLAIM IS:
1. A system (10) comprising:
a centralized subsystem (20), wherein the centralized subsystem (20) comprising:
an order management module (30) configured to receive one or more client requests and one or more notifications and process the one or more client requests and the one or more notifications concurrently;
a risk management module (40) configured to monitor a risk profile of each of a plurality of clients and generate an alert based on the risk profile and a plurality of financial parameters;
a market data module (50) configured to distribute real time market information to the plurality of clients; and
a database (60) configured to store order related information and market data information.
wherein, the one or more modules of the centralized subsystem (60) is located in one or more client devices.
2. The system (10) as claimed in claim 1, wherein the one or more client request comprises one or more user request.
3. The system (10) as claimed in claim 1, wherein the one or more client request comprises a buy request, a sell request, a cancel request, a multi leg request, a pay in of funds request, a pay out of funds request or a modification request.
4. The system (10) as claimed in claim 2, wherein the one or more user request comprises a margin request, a client profile change request, a security profile update request or a client addition request.
5. The system (10) as claimed in claim 1, wherein the one or more notification comprises an execution notification, a modification notification or an order placement notification.
6. The system (10) as claimed in claim 1, wherein the financial parameters comprises an initial margin, a used margin, an available margin, a current ledger, a stock positions, a current market gain, a current market loss, a fund transfer or a current risk percentage of the plurality of clients.
7. The system (10) as claimed in claim 1, wherein the one or more client devices comprises a computer, a laptop, a mobile or a tablet.
8. The system (10) as claimed in claim 1, further comprising:
an exchange connector module (80) configured to establish a connection between the order management module (30) and an exchange; and
a feed handler module (70) configured to communicate with the market data module (50) to receive live market information from the exchange.
9. The system (10) as claimed in claim 1, wherein the order management module (30), the risk management module (40), the market data module (50), the exchange connector module (80) and the feed handler module (70) communicate with each other via a messaging platform.
10. The system (10) as claimed in claim 1, wherein the one or more modules of centralized subsystem (20) is stored on at least one of a client device, a remote storage device or a local storage device.
11. The system (10) as claimed in claim 1, wherein the one or more module of centralized subsystem (20) is processed on at least one of the client device, the remote storage device or the local storage device.
, Description:BACKGROUND
[0001] Embodiments of the present disclosure relate to financial exchange, and more particularly to, a system and method for dealing of financial securities.
[0002] Trading system is a system for trading securities, foreign exchange or financial derivatives. Such system includes various exchange based systems and other types of trading platform to connect user with broker for buying and selling of trading securities, foreign exchange or financial derivatives.
[0003] Conventionally, multiple trading systems are located at various locations for gathering orders from users. Such orders are then passed to the broker manually. However, such trading systems have no communication with each other which result in a distributed risk management.
[0004] Furthermore, present trading system receive orders from user in first system and execute the order in second system which is in communication with first system. However, such systems are incapable of handling substantial number of orders.
[0005] Hence, there is a need for an improved system and method for dealing of financial securities to address the aforementioned issues.
BREIF DESCRIPTION
[0006] In accordance with one embodiment of the disclosure, a system and method for dealing of financial securities is disclosed. The system includes a centralized subsystem. The centralized subsystem includes an order management module configured to receive one or more client requests and one or more notifications and process the one or more client requests and the one or more notifications concurrently. The centralized subsystem also includes a risk management module configured to monitor a risk profile of each of a plurality of clients and generate an alert based on the risk profile and a plurality of financial parameters. The centralized subsystem further includes a market data module configured to distribute real time market information to the plurality of clients. The centralized subsystem includes a database configured to store order related information and market data information. The one or more modules of the centralized subsystem is located in one or more client devices.
[0007] To further clarify the advantages and features of the present invention, a more particular description of the invention will follow by reference to specific embodiments thereof, which are illustrated in the appended figures. It is to be appreciated that these figures depict only typical embodiments of the invention and are therefore not to be considered limiting in scope. The invention will be described and explained with additional specificity and detail with the appended figures.
BRIEF DESCRIPTION OF THE DRAWINGS
The disclosure will be described and explained with additional specificity and detail with the accompanying figures in which:
[0008] FIG. 1 illustrates a block diagram of a system for dealing of financial securities accordance with an embodiment of the present disclosure;
[0009] FIG. 2 illustrates a block diagram of an exemplary centralized subsystem in accordance with an embodiment of the present disclosure; and
[0010] FIG. 3 illustrates a schematic representation of an exemplary system for dealing of financial securities in accordance with an embodiment of the present disclosure.
[0011] Further, those skilled in the art will appreciate that elements in the figures are illustrated for simplicity and may not have necessarily been drawn to scale. Furthermore, in terms of the construction of the device, one or more components of the device may have been represented in the figures by conventional symbols, and the figures may show only those specific details that are pertinent to understanding the embodiments of the present invention so as not to obscure the figures with details that will be readily apparent to those skilled in the art having the benefit of the description herein.

DETAILED DESCRIPTION
[0012] For the purpose of promoting an understanding of the principles of the invention, reference will now be made to the embodiment illustrated in the figures and specific language will be used to describe them. It will nevertheless be understood that no limitation of the scope of the invention is thereby intended. Such alterations and further modifications in the illustrated system, and such further applications of the principles of the invention as would normally occur to those skilled in the art are to be construed as being within the scope of the present invention.
[0013] It will be understood by those skilled in the art that the foregoing general description and the following detailed description are exemplary and explanatory of the invention and are not intended to be restrictive thereof.
[0014] The terms "comprises", "comprising", or any other variations thereof, are intended to cover a non-exclusive inclusion, such that a process or method that comprises a list of steps does not include only those steps but may include other steps not expressly listed or inherent to such a process or method. Similarly, one or more devices or sub-systems or elements or structures or components preceded by "comprises... a" does not, without more constraints, preclude the existence of other devices, sub-systems, elements, structures, components, additional devices, additional sub-systems, additional elements, additional structures or additional components. Appearances of the phrase "in an embodiment", "in another embodiment" and similar language throughout this specification may, but not necessarily do, all refer to the same embodiment.
[0015] Unless otherwise defined, all technical and scientific terms used herein have the same meaning as commonly understood by those skilled in the art to which this invention belongs. The system, methods, and examples provided herein are only illustrative and not intended to be limiting.
[0016] Embodiments of the present disclosure will be described below in detail with reference to the accompanying figures.
[0017] Embodiment of the present disclosure relate to a system and method for dealing of financial securities. The system includes a centralized subsystem. The centralized subsystem includes an order management module configured to receive one or more client requests and one or more notifications and process the one or more client requests and the one or more notifications concurrently. The centralized subsystem also includes a risk management module configured to monitor a risk profile of each of a plurality of clients and generate an alert based on the risk profile and a plurality of financial parameters. The centralized subsystem further includes a market data module configured to distribute real time market information to the plurality of clients. The centralized subsystem includes a database configured to store order related information and market data information. The one or more modules of the centralized subsystem is located in one or more client devices.
[0018] In the following specification and the claims, reference will be made to a number of terms, which shall be defined to have the following meanings. The singular forms “a”, “an”, and “the” include plural references unless the context clearly dictates otherwise.
[0019] FIG. 1 illustrates a block diagram of a system (10) for dealing of financial securities accordance with an embodiment of the present disclosure. The system (10) for dealing of financial securities includes a centralized subsystem (20). The centralized subsystem (20) includes an order management module (30) configured to receive one or more client requests and one or more notifications and process the one or more client requests and the one or more notifications concurrently. In one embodiment, the one or more client request includes one or more user request. In another embodiment, the order management module (30) configured to provide user authentication, order validation and order routing.
[0020] In one embodiment, the one or more client request includes a buy request, a sell request, a cancel request, a multi leg request, a pay in of funds request, a pay out of funds request or a modification request. In another embodiment, the one or more user request includes a margin request, a client profile change request, a security profile update request or a client addition request.
[0021] In one embodiment, the one or more notification includes an execution notification, a modification notification or an order placement notification.
[0022] The centralized subsystem (20) also includes a risk management module (40) configured to monitor a risk profile of each of a plurality of clients and generate an alert based on the risk profile and a plurality of financial parameters. In one embodiment, the financial parameters include an initial margin, a used margin, an available margin, a current ledger, a stock positions, a current market gain, a current market loss, a fund transfer or a current risk percentage of the plurality of clients.
[0023] The centralized subsystem (20) further includes a market data module (50) configured to distribute real time market information to the plurality of clients. In one embodiment, the market data module (50) configured to receive, cache and distribute a plurality of messages among the one or more modules of the centralized subsystem (20). The centralized subsystem (20) further includes a database (60) configured to store order related information and market data information.
[0024] In one embodiment, the one or more modules of the centralized subsystem (20) is located in one or more client devices. In another embodiment, the one or more client devices comprises a computer, a laptop, a mobile or a tablet.
[0025] FIG. 2 illustrates a block diagram of an exemplary centralized subsystem in accordance with an embodiment of the present disclosure. One or more modules of the exemplary centralized subsystems are substantially similar to the one or more modules of the centralized subsystem of FIG. 1. In one embodiment, the centralized subsystem (20) further includes a feed handler module (70) configured to communicate with the market data module to receive live market information from the exchange.
[0026] In one embodiment, the centralized subsystem (20) further includes an exchange connector (80) configured to establishes the connection between one or more client devices and the order management module (30). The exchange connector (80) also configured to receives a plurality of messages from the order management module (30), convert the plurality of messages in to a specific format and send to the one or more client devices.
[0027] In another embodiment, the centralized subsystem (20) further includes Http streamer (90) configured to receive the plurality of messages from market data module (50) and send the plurality of messages to the one or more client devices.
[0028] In yet another embodiment, the centralized subsystem (20) further includes a chart module (100) configured to plots market chart based on market data. The chart module (100) further configured to place order from chart, provide a plurality of case studies, view user portfolio. In one embodiment, the centralized subsystem (20) further includes event processing module (110) configured to monitors a plurality of orders which is coming through the centralized system (20).
[0029] In a specific embodiment, the order management module (30), the risk management module (40), the market data module (50), the exchange connector (80) module and the feed handler module (70) communicate with each other via a messaging platform.
[0030] In one embodiment, the one or more modules of centralized subsystem (20) is stored on at least one of a client device, a remote storage device or a local storage device. In another embodiment, the one or more module of centralized subsystem (20) is processed on at least one of the client device, the remote storage device or the local storage device.
[0031] In one embodiment, the centralized subsystem (20) is configured to receive the one or more client request and the one or more notifications using a desktop platform, a web platform or a mobile platform.
[0032] FIG. 3 illustrates a schematic representation of an exemplary system (120) for dealing of financial securities in accordance with an embodiment of the present disclosure. The one or more modules of the exemplary system (120) for dealing of financial securities are substantially similar to the one or more modules of the system for dealing of financial securities in FIG.2.
[0033] The system and method for dealing of financial securities is advantageous as when an order is being processed by the order management, changes or executions of the plurality of orders are processed concurrently. Hence the system executes the plurality of orders with less time which is less than 50 milliseconds.
[0034] The system includes a centralized subsystem which result in fast communication among one or modules of the centralized subsystem. The system also may handle a plurality of orders at a time and faster than conventional system.
[0035] While specific language has been used to describe the invention, any limitations arising on account of the same are not intended. As would be apparent to a person skilled in the art, various working modifications may be made to the method in order to implement the inventive concept as taught herein.
[0036] The figures and the foregoing description give examples of embodiments. Those skilled in the art will appreciate that one or more of the described elements may well be combined into a single functional element. Alternatively, certain elements may be split into multiple functional elements. Elements from one embodiment may be added to another embodiment. For example, order of processes described herein may be changed and are not limited to the manner described herein. Moreover, the actions of any flow diagram need not be implemented in the order shown; nor do all of the acts need to be necessarily performed. Also, those acts that are not dependent on other acts may be performed in parallel with the other acts. The scope of embodiments is by no means limited by these specific examples.