17958485. REAL TIME SYSTEM, WITH AUTOMATIC TRADE EXECUTION, FOR INTEGRATING TRADING ACCOUNT SECURITY WITH ASSOCIATE INVESTMENT POLICY (AIP) GOVERNANCE simplified abstract (Bank of America Corporation)

REAL TIME SYSTEM, WITH AUTOMATIC TRADE EXECUTION, FOR INTEGRATING TRADING ACCOUNT SECURITY WITH ASSOCIATE INVESTMENT POLICY (AIP) GOVERNANCE

Organization Name

Bank of America Corporation

Inventor(s)

Aravind Shankaragouda Singtalur of McKinney TX (US)

Manmohan V. Datla-viswasai of Frisco TX (US)

Petar Puskarich of Plano TX (US)

Srinath Chakravarty of Plano TX (US)

Steven Greene of New York NY (US)

Dinesh Kumar Agrawal of Rowlett TX (US)

Kenneth Boyd of Richmond VA (US)

Kerry Vaughan of Pennington NJ (US)

Stephen Belton of Garden City NY (US)

REAL TIME SYSTEM, WITH AUTOMATIC TRADE EXECUTION, FOR INTEGRATING TRADING ACCOUNT SECURITY WITH ASSOCIATE INVESTMENT POLICY (AIP) GOVERNANCE - A simplified explanation of the abstract

This abstract first appeared for US patent application 17958485 titled 'REAL TIME SYSTEM, WITH AUTOMATIC TRADE EXECUTION, FOR INTEGRATING TRADING ACCOUNT SECURITY WITH ASSOCIATE INVESTMENT POLICY (AIP) GOVERNANCE

Simplified Explanation

The abstract describes a system that integrates trading account security with associate investment policy governance. The system includes a processor, a receiver, and containers for storing microservices that communicate with a database engine. The receiver receives associate trade requests, which include various information such as social security numbers, security names, and broker dealer names. The processor then transmits compliant trade requests to an employer platform for execution by the associate trading platform.

• The system integrates trading account security with associate investment policy governance.
• It includes a processor, a receiver, and containers for storing microservices.
• The receiver receives associate trade requests with specific information.
• The processor transmits compliant trade requests to an employer platform for execution.

Potential Applications

The technology described in the patent application could be applied in financial institutions, investment firms, and trading platforms to enhance security and compliance with investment policies.

Problems Solved

This technology helps to ensure that trade requests are compliant with industry regulations and employer policies, reducing the risk of unauthorized or non-compliant trades.

Benefits

The system provides a streamlined process for managing trade requests, improving efficiency and accuracy in executing trades while maintaining security and compliance.

Potential Commercial Applications

The technology could be utilized by financial institutions, investment firms, and trading platforms to enhance their trading processes and ensure compliance with regulations.

Possible Prior Art

Prior art in this field may include existing systems for managing trade requests and ensuring compliance with industry regulations and employer policies.

How does the system handle potential conflicts of interest between an associate's investment policy and industry regulations?

The system may have built-in mechanisms to flag potential conflicts of interest and alert appropriate parties for further review and resolution.

What measures are in place to protect the sensitive information included in the trade requests, such as social security numbers?

The system likely employs encryption and other security protocols to safeguard sensitive information and prevent unauthorized access or data breaches.

Original Abstract Submitted

A system for integrating trading account security with associate investment policy (AIP) governance is provided. The system includes a processor, a receiver, and a series of containers. The receiver may receive an associate trade request including an associate social security number (SSN), an associate name, a name of a security to which the trade request is directed, a last security purchase data, the last security purchase data associated with the security, and a broker dealer name. The employee may be a private side employee. The system may include a series of containers for storing microservices. The containers communicate with a database engine. The trade request may be industry compliant and employer regulations compliant. The processor may transmit a fully compliant trade request to an employer platform. Following receipt of a trade request confirmation from the employer platform, the associate trading platform may execute the trade request.