	US 12,361,491 B2
	Settlement and approval service
Damien Patton, Plano, TX (US); and Christian Gratton, Eaton Rapids, MI (US)
Assigned to TRETE Inc., Propser, TX (US)
Filed by TRETE Inc., Prosper, TX (US)
Filed on Mar. 26, 2024, as Appl. No. 18/616,176.
Claims priority of provisional application 63/615,128, filed on Dec. 27, 2023.
Claims priority of provisional application 63/615,136, filed on Dec. 27, 2023.
Claims priority of provisional application 63/615,145, filed on Dec. 27, 2023.
Claims priority of provisional application 63/615,108, filed on Dec. 27, 2023.
Claims priority of provisional application 63/600,381, filed on Nov. 17, 2023.
Claims priority of provisional application 63/596,471, filed on Nov. 6, 2023.
Claims priority of provisional application 63/515,337, filed on Jul. 24, 2023.
Claims priority of provisional application 63/509,266, filed on Jun. 20, 2023.
Claims priority of provisional application 63/509,257, filed on Jun. 20, 2023.
Claims priority of provisional application 63/509,264, filed on Jun. 20, 2023.
Claims priority of provisional application 63/509,261, filed on Jun. 20, 2023.
Claims priority of provisional application 63/454,622, filed on Mar. 24, 2023.
Prior Publication US 2024/0320738 A1, Sep. 26, 2024
Int. Cl. G06Q 40/04 (2012.01); G06F 16/215 (2019.01); G06F 16/23 (2019.01); G06F 16/27 (2019.01); G06Q 20/36 (2012.01); G06Q 20/38 (2012.01); G06Q 20/40 (2012.01); G06Q 20/42 (2012.01); G06Q 30/0601 (2023.01); G06Q 40/06 (2012.01); H04L 9/00 (2022.01); H04L 67/1097 (2022.01)

CPC G06Q 40/04 (2013.01) [G06F 16/215 (2019.01); G06F 16/2358 (2019.01); G06F 16/2379 (2019.01); G06F 16/275 (2019.01); G06Q 20/363 (2013.01); G06Q 20/3674 (2013.01); G06Q 20/3829 (2013.01); G06Q 20/389 (2013.01); G06Q 20/401 (2013.01); G06Q 20/42 (2013.01); G06Q 30/0613 (2013.01); G06Q 40/06 (2013.01); H04L 9/50 (2022.05); H04L 67/1097 (2013.01); G06Q 2220/00 (2013.01)]

17 Claims

1. An Alternative Trading System (ATS) computer-implemented method comprising:

the ATS processing transaction flows settling transactions at the ATS;

concurrently with processing transaction flows at the ATS, the ATS automatically, continually, and electronically updating and maintaining a set of security action triggers that, when triggered, subject pre-settlement transactions at the ATS to one or more supplemental security actions prior to settlement approval, including:

tracking order frequency, timing, aggregate value and user attributes based on a set of factors,

wherein the set of factors include: (1) a plurality of “inside” factors selected from among: problematic trading patterns, anti-laundering violations, events limiting access to the ATS, and multiple orders by a user with previously charged back funds, and (2) a plurality of “outside” factors selected from among: a significant regional incident, a significant national incident, a significant global incident, and government regulation affecting an asset value;

continually and automatically checking internally at the ATS for a first “inside” factor impacting transactions at the ATS, the first “inside” factor included in the plurality of “inside” factors;

continually and automatically checking internally at the ATS for a second “inside” factor impacting transactions at the ATS, the second “inside” factor included in the plurality of “inside” factors;

continually and automatically checking sources external to the ATS for a first “outside” factor impacting transactions at the ATS, the first “outside” factor included in the plurality of “outside” factors;

continually and automatically checking other sources external to the ATS for a second “outside” factor impacting transactions at the ATS, the second “outside” factor included in the plurality of “outside” factors;

identifying a factor, from among: the first “inside” factor, the second “inside” factor, the first “outside” factor, and the second “outside” factor, is occurring from the continual and automatic checking;

determining that the identified factor impacts pre-settlement transactions associated with specified transaction data in view of the tracked order frequency, timing, aggregate value, and user attributes;

responsive to determining that the identified factor impacts pre-settlement transactions associated with the specified transaction data, setting a flag denoting that pre-settlement transactions associated with the specified transaction data are subject to the one or more supplemental security actions prior to settlement;

concurrently with processing transaction flows settling transactions at the ATS and concurrently with automatically, continually, and electronically updating and maintaining the set of security action triggers, the ATS reviewing a transaction in response to triggering a security action trigger, including:

monitoring flow of a “live” transaction at the ATS, the “live” transaction being pre-settlement and including live transaction data defining exchange of shares in an asset between a buyer of the shares and a seller of the shares;

matching the live transaction data with the specified transaction data;

in response to matching the live transaction data with the specified transaction data automatically:

interrupting flow of the “live” transaction from progressing towards settlement; and

while interrupted, subjecting the “live” transaction to the one or more supplemental security actions triggered in view of the set flag, the one or more supplemental security actions handling any transaction irregularities associated with the identified factor; and

(1) allowing the flow of the “live” transaction to resume and the “live” transaction to progress towards settlement subsequent to completion of the one or more supplemental security actions or (2) preventing the flow of the “live” transaction and stopping the “live” transaction from settling based on the one or more supplemental security actions.