MULTIXCHANGE

Securities trading application software, namely, software enabling end-to-end financial securities trading having the capability for use by individuals or companies who make financial securities transactions by computer, and for use by broker-dealers or clearing firms that accept such orders, via interactions with internal customer account files, and that execute the securities transactions via interactions with the major financial exchanges such as the NADAQ or the New York Stock Exchange or others; Additionally the software helps broker-dealers and clearing houses to manage their internal analyses, such as comparing proposed securities transactions against available funds in client accounts, available credit parameters; consolidating and reporting client data individually or in the aggregate, helping to manage risks in securities trading and assisting with compliance with government regulations with respect to managing and reporting on financial securities transactions.