METHOD FOR CONVERTING SPEECH TO TEXT, PERFORMING NATURAL LANGUAGE PROCESSING ON THE TEXT OUTPUT, EXTRACTING DATA VALUES AND MATCHING TO AN ELECTRONIC TICKET FORM

A system and method for extracting data values from a conversation to complete an electronic trade ticket over a communications network. The system comprises a plurality of client devices and a processor based server. A digital switchboard routes an incoming call from a first user to a second user to the server over the communications network. The telephone numbers of the users are verified against the stored telephone numbers in a database. A sample representing a predetermined period of the recorded conversation are utilized to identify the users. The conversation between the users are transcribed onto an electronic text file and processed to extract terms to populate data fields of an electronic trade ticket.