Broadridge Financial Solutions’s patent involves a computer-implemented method for trading financial instruments. It includes receiving historical trading data, modeling trading intentions, establishing an electronic communication session, and coordinating communications to achieve maximum value for a trade. The method utilizes machine learning and a stack software object for efficient trading. GlobalData’s report on Broadridge Financial Solutions gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Broadridge Financial Solutions, was a key innovation area identified from patents. Broadridge Financial Solutions's grant share as of May 2024 was 28%. Grant share is based on the ratio of number of grants to total number of patents.
Financial instrument trading coordination system using machine learning and communication
A recently granted patent (Publication Number: US11995732B2) discloses a computer-implemented method for facilitating trading of financial instruments through an electronic communication session. The method involves receiving historical trading data and trading intentions from candidate invitee users, modeling a score for each user based on this data, and establishing an electronic communication session between an initiating user and selected invitee users. The session, controlled by a stack software object, allows users to submit offers to trade the financial instrument, with the system determining offers that achieve a maximum value for a predetermined position and transmitting acceptances to aggregate the offers for the trade. The method includes different participation levels, allowing for varying levels of interaction and visibility between users during the trading process.
Furthermore, the patent also describes a system comprising at least one processor and a non-transitory computer-readable medium with software instructions for executing the method. The system receives historical trading data, trading intentions, and models scores for candidate invitee users to facilitate electronic communication sessions for trading financial instruments. The system, controlled by a stack software object, coordinates communications during the session, allowing users to submit offers and aggregate them for trading. Different participation levels within the system enable users to interact and view offers based on their roles, with the system facilitating the trading process efficiently and effectively. Overall, the patented method and system aim to streamline and optimize the trading process for financial instruments through electronic communication sessions.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
