Inventors:
John G. Hawkins - Hopkinton MA
Loni J. Paul - Charlestown MA
Phillip R. Cardwell - Marblehead MA
Peter T. Reeves - Needham MA
Helen B. Dean - Milford MA
Daniel B. Doherty - Scituate MA
Paul J. Flaherty - Brighton MA
Assignee:
Thomson Trading Services, Inc. - Boston MA
International Classification:
G06F 1760
Abstract:
A security trade settlement device is provided. The device comprises a database having a plurality of delivery instruction sets, a database receiver for receiving an identifier, a database searcher for searching the database, and a database transmitter for transmitting the retrieved instruction set corresponding to the identifier. The device preferably also comprises a participant transmitter for transmitting the identifier and a participant receiver for receiving and outputting the retrieved, transmitted delivery instruction set. The database preferably also includes a plurality of account information sets which include a custodian delivery instruction set specified by the institution. In other aspects, the invention comprises methods of operating the database and the security trade settlement communication device.