| CPC G06Q 40/04 (2013.01) [G06F 40/00 (2020.01)] | 303 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 comprising at least one initial or follow-on equity securities offering, 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 at least one processor to perform operations; and
a communication network in operative communication with the computer platform;
wherein the operations comprise:
generating 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;
receiving, at the computer platform in real-time 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;
attaching, 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;
confirming, 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;
updating an order file with the accepted orders, wherein the order file contains information regarding orders processed by the computer platform, the orders processed by the computer platform being associated with the one or more new issue securities offerings;
providing the lead agent portal to the at least one computer associated with the at least one lead agent, wherein the computer platform generates and transmits information that causes the at least one computer associated with the at least one lead agent to display a first graphical user interface (first GUI) including:
at least one order depth table corresponding to an associated new issue securities offering of the one or more new issue securities offerings, the at least one order depth table being continually updated via information transmitted from the computer platform based on real-time updates of the accepted orders;
wherein, for a plurality of price levels, the at least one order depth table comprises data fields including one or both of limit prices and/or cumulative number of shares; and
wherein the lead agent portal provides price sensitivity information indicating investor demand, at specific price levels, for the associated new issue securities offering;
providing an informational portal, in the plurality of portals, to a general public for publishing, based on real-time updates of the accepted orders, 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 current indicative pricing;
wherein the current indicative pricing is market-derived pricing, derived from information contained in the at least one order depth table and/or the order file that are updated in real-time based on the accepted orders, such that the current indicative pricing thereby reflects current demand during the marketing of the one or more new issue securities offerings;
responsive to real-time processing of the accepted orders, continually updating the order file and/or the at least one order depth table, and publishing updates of the current indicative pricing, based on the continually updating, 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 publishing of the offering information including the current indicative pricing, based on the continually updating, reflects current market pricing and current market value, to thereby publish demand discovery information and the current indicative pricing to the general public via the informational portal;
determining, 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, 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;
establishing 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;
disseminating 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;
generating, 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;
generating, one or more final listings of securities allocation information based on the allocation information; and
providing at least one of the allocation information and/or the one or more final listings as output.
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