Global foreign exchange system

Abstract

A computerized trading system permits global currency trading. The system preferably includes multiple affiliates at the local level, each in a different country, that act as introducing agents. Between these local affiliates there is a global exchange or hub, with the local affiliates and the global hub being arranged in a hub-and-spoke arrangement. Introducing affiliates are responsible for handling customer accounts and information, and accepting orders. The global exchange is responsible for routing orders to one or more multiple foreign exchange liquidity banks to handle foreign exchange transactions to convert one currency into another.

1 - 38 . (canceled) 
     
     
         39 . A non-transitory computer-readable storage device comprising software that, when run by one or more processors, cause the one or more processors to:
 receive a buy or sell order for a security;   generate, in response to and after execution of the buy or sell order for the security, a foreign exchange order, a size and a price of the foreign exchange order based on the buy or sell order for the security;   settle the foreign exchange order prior to settlement of the buy or sell order for the security.   
     
     
         40 . The storage device of  claim 39 , wherein the buy or sell order is received from a particular local affiliate out of a plurality of local affiliates. 
     
     
         41 . The storage device of  claim 39 , further causing the one or more processors to invest funds from settlement of the foreign exchange order for a time between settlement of the foreign exchange order and settlement of the buy or sell order. 
     
     
         42 . The storage device of  claim 40 , wherein at least one local affiliate is not affiliated with more than one stock exchange. 
     
     
         43 . The storage device of  claim 40 , wherein confirmation of the buy or sell order comprises a locked-in value based on the foreign exchange order, the locked-in value denominated in currency native to the local affiliate. 
     
     
         44 . The storage device of  claim 40 , wherein at least one local affiliate is associated with an introducing broker account and an executing broker account. 
     
     
         45 . The storage device of  claim 40 , further causing the one or more processors to accept trading rules from at least one local affiliate. 
     
     
         46 . The storage device of  claim 39 , further causing the one or more processors to define which instruments can be traded. 
     
     
         47 . The storage device of  claim 39 , further causing the one or more processors to monitor open orders for currency fluctuations. 
     
     
         48 . The storage device of  claim 39 , further causing the one or more processors to accept a specified value date on the foreign exchange order that matches a settlement date of the buy or sell order. 
     
     
         49 . The storage device of  claim 39 , further causing the one or more processors to differentiate between the foreign exchange order based on the buy or sell order for the security and a foreign exchange order based on speculative trading in currency pairs. 
     
     
         50 . The storage device of  claim 40 , further causing the one or more processors to receive a report of a corporate action by the particular local affiliate and report the corporate action to other local affiliates associated with orders impacted by the corporate action. 
     
     
         51 . The storage device of  claim 50 , wherein the corporate action is selected from the group consisting of stock split; reverse split; name/symbol change; merger; tender offer;
 exchange offer; rights offer; warrant exercise; and dividend payout.   
     
     
         52 . A system, comprising:
 a processor;   a memory coupled to the processor;   the memory comprising software that, when run by one or more processors, cause the one or more processors to:   receive a buy or sell order for a security;   generate, in response to and after execution of the buy or sell order for the security, a foreign exchange order, a size and a price of the foreign exchange order based on the buy or sell order for the security;   settle the foreign exchange order prior to settlement of the buy or sell order for the security.   
     
     
         53 . The system of  claim 52 , wherein the buy or sell order is received from a particular local affiliate out of a plurality of local affiliates 
     
     
         54 . The system of  claim 52 , further causing the one or more processors to invest funds from settlement of the foreign exchange order for a time between settlement of the foreign exchange order and settlement of the buy or sell order. 
     
     
         55 . The system of  claim 53 , wherein at least one local affiliate is associated with an introducing broker account and an executing broker account. 
     
     
         56 . The system of  claim 53 , further causing the one or more processors to accept trading rules from at least one local affiliate. 
     
     
         57 . The system of  claim 52 , further causing the one or more processors to accept a specified value date on the foreign exchange order that matches a settlement date of the buy or sell order. 
     
     
         58 . The system of  claim 52 , further causing the one or more processors to differentiate between the foreign exchange order based on the buy or sell order for the security and a foreign exchange order based on speculative trading in currency pairs.