| CPC G06Q 40/04 (2013.01) [G06F 40/00 (2020.01)] | 351 Claims |
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1. A computer-implemented method for marketing, pricing and allocating new issue securities using one or more communications networks, a computer platform, at least one issuing entity, a plurality of broker-dealers, a plurality of investors, and at least one lead agent, the method comprising:
conducting, via the computer platform, one or more new issue securities offerings, wherein the computer platform comprises 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 associated with the method;
providing, by the computer platform, via the one or more communications networks and via an informational portal in a plurality of communications portals, offering information to the plurality of investors and/or a general public;
providing, by the computer platform, a broker-dealer portal in the plurality of communications portals, to at least one electronic order routing and management system associated with one or more broker-dealers, wherein the one or more broker-dealers use the broker-dealer portal when brokering the one or more new issue securities offerings;
processing, by the computer platform, one or more orders, from the one or more broker-dealers submitted on behalf of one or more investors, of the plurality of investors, relating to the one or more new issue securities offerings, and determining which of the one or more orders are acceptable for further processing as accepted orders;
continually updating, by the computer platform, based on real-time processing of the accepted orders, an order file with order data regarding the accepted orders (accepted order data);
providing a lead agent portal, in the plurality of communications portals, to at least one computer associated with the at least one lead agent, wherein the at least one computer associated with the at least one lead agent includes a first graphical user interface, and wherein the computer platform generates and transmits information that causes the first graphical user interface to display:
user interface (UI) information depicting demand at a plurality of price levels corresponding to an associated new issue securities offering of the one or more new issue securities offerings, wherein the UI information depicting demand is continually updated via information transmitted from the computer platform based on real-time processing of the accepted order data;
wherein the UI information depicting demand includes one or both of limit prices and/or cumulative number of shares or bonds or units; and
wherein the lead agent portal provides price sensitivity information indicating investor demand at specific price levels for the associated new issue securities offering;
publishing, via the informational portal, based on the real-time processing of the accepted order data, offering information regarding the one or more new issue securities offerings including the associated new issue securities offering, the offering information comprising an offering name and/or current indicative pricing;
wherein the current indicative pricing is market-derived pricing that reflects current demand during marketing of the associated new issue securities offering;
based on the real-time processing of the accepted order data, continually updating the order file and/or the UI information depicting demand;
continually providing updates of the current indicative pricing based on the market-derived pricing;
continually publishing the offering information including the current indicative pricing via one or more of the plurality of communications portals until the marketing of the associated new issue securities offering concludes;
wherein said continually publishing the offering information including the current indicative pricing, based on the real-time processing of the accepted order data, reflects current market pricing and current market value, to thereby publish demand discovery information and the current indicative pricing as then derived, via at least one of the one or more of the plurality of communications portals;
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, via the computer platform, the offering price via at least one of the plurality of communications portals;
calculating, by the computer platform, on a per-order basis, for the accepted orders associated with the at least one new issue securities offering, allocation information for the at least one new issue securities offering;
generating, by the computer platform, one or more final listings of securities allocation information based on the allocation information; and
providing, by the computer platform, at least one of the allocation information and/or the one or more final listings as output.
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