| CPC G06Q 40/04 (2013.01) [G06F 40/00 (2020.01)] | 235 Claims |
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1. A system comprising:
a hub entity computer platform configured to electronically conduct one or more new issue securities offerings, the computer platform comprising at least one processor and non-transitory computer readable media, the non-transitory computer readable media including computer-readable program instructions that, when executed by the at least one processor, cause the computer platform to perform the instructions; and
a communication network in operative communication with the computer platform;
wherein the computer-readable program instructions comprise instructions that cause the computer platform to:
generate a plurality of portals including a first portal provided to at least one electronic order routing and management system associated with one or more broker-dealers and a second portal provided to at least one computer associated with at least one lead agent;
wherein a lead agent portal is provided, via the second portal, during marketing of the one or more new issue securities offerings and closing of the one or more new issue securities offerings; and
wherein the one or more broker-dealers, via the computer platform, subscribe to engage in brokering the one or more new issue securities offerings using a broker-dealer portal;
receive, at the computer platform in real-time, via the broker-dealer portal, during the marketing of the one or more new issue securities offerings, one or more orders associated with one or more investors regarding the one or more new issue securities offerings, wherein the one or more orders comprise one or more of a new order, an order amendment and/or an order cancellation;
attach, by the computer platform, automatically upon receipt of the one or more orders by the computer platform, timestamp information regarding each of a plurality of orders received at the computer platform;
confirm, by the computer platform, whether or not each of the one or more orders is acceptable for further processing by the computer platform as accepted orders;
update an order file with the accepted orders, wherein the order file contains information regarding orders processed by the computer platform, said orders being associated with the one or more new issue securities offerings;
provide the lead agent portal to the at least one computer associated with the at least one lead agent, the lead agent portal comprising a first graphical user interface (first GUI) including:
at least one order depth table, associated with one of the one or more new issue securities offerings, wherein the at least one order depth table is automatically updated based on the accepted orders, in real-time, by the computer platform, and posted to the lead agent portal;
wherein, for a plurality of price levels, the at least one order depth table comprises data fields including limit prices and cumulative number of shares or bonds or units, wherein the at least one order depth table is sorted based on a value of the limit price, such that a limit price is identified, in real-time by the computer platform, as a current indicative clearing price of an associated new issue securities offering that is associated with the at least one order depth table; and
wherein the lead agent portal provides price sensitivity information indicating investor demand, at specific price levels, for the associated new issue securities offering;
provide an informational portal, in the plurality of portals, to general public for publishing, on a real-time basis, offering information regarding the one or more new issue securities offerings including the associated new issue securities offering, the offering information comprising at least one of an offering name and the current indicative clearing price that are updated based on the accepted orders;
responsive to processing of the accepted orders, continually update, on a real-time basis, the current indicative clearing price of the associated new issue securities offering, and display updates of the current indicative clearing price at the broker-dealer portal, the lead agent portal and the informational portal, until marketing of the associated new issue securities offering concludes;
wherein said display, based on continually updating of the order file on a real-time basis, of the offering information including the current indicative clearing price, reflects a current market price and a current market value, to thereby display, on a real-time basis, transparent demand discovery information and the current indicative clearing price to the general public via the informational portal;
determine, by the computer platform, for at least one new issue securities offering of the one or more new issue securities offerings, subsequent to termination of marketing of the at least one new issue securities offering by the computer platform, and during closing of the at least one new issue securities offering, a clearing price and/or an offering size of the at least one new issue securities offering;
establish an offering price of the at least one new issue securities offering, either by setting the offering price based on the clearing price or by receiving the offering price from the at least one lead agent;
disseminate the offering price, of the at least one new issue securities offering, to the one or more broker-dealers, and to the general public through the informational portal;
generate, for the accepted orders associated with said at least one new issue securities offering, on a per-order basis, allocation information for said at least one new issue securities offering;
generate, one or more final listings of securities allocation information based on the allocation information; and
provide at least one of the allocation information and/or the one or more final listings as output.
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