Systems and methods for processing transactions relating to...

G - Physics – 06 – Q

Patent

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G06Q 40/04 (2012.01)

Patent

CA 2634085

A system for processing trades of at least one security priced in a second currency for at least one account configured for a first currency, the system including a processor, and a data store coupled to the processor for storing account data associated with each account, wherein the account data comprises a first cash balance in the first currency, a dummy security code representing the second currency, and a unit number associated with the dummy security code, the unit number representing a second cash balance in the second currency; wherein the processor is configured to receive information about a request for at least one trade of the at least one security to be executed in association with a particular account; and update the account data in that account after completion of each trade by (i) crediting the unit number of the dummy security code with proceeds of a sale of the at least one security, or (ii) debiting the unit number of the dummy security code with a cost of the at least one security.

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