Trade surveillance and monitoring systems and/or methods

• US 10,380,687 B2
• Filed: 08/12/2014
• Issued: 08/13/2019
• Est. Priority Date: 08/12/2014
• Status: Active Grant

• Current Assignee: Software AG
• Original Assignee: Software AG
• Inventors: Smith, Gareth
• Primary Examiner(s): Ebersman, Bruce I
• Application Number:
  US14/457,365
• Publication Number:
  US 20160048914A1
• Time in Patent Office: 1,827 Days
• Field of Search: 705 35- 45
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

Certain example embodiments relate to trade surveillance and monitoring systems and/or methods that take into account both subjective physical trader emotional attributes, and objective activity measures (e.g., trading activity, financial market activity, etc.). Detect scenarios (which may be thought of as logical sequences that define types or patterns used in detecting unwanted incidents) and context scenarios (which may be thought of as logical sequences that help provide additional context in the investigation stage of an incident) may be defined to take into account such information and be used in these and/or regards.

Claims

1. A surveillance system, comprising:

processing resources including at least one processor;

a first interface over which quantified representations of inferred emotional states of one or more individuals are electronically receivable; and

a second interface over which representations of activities undertaken by one or more individuals are electronically receivable;

wherein the processing resources are configured to at least;

dynamically perform a set of first pre-programmed scenarios in real-time as events continue to stream into the system via the first and second interfaces to determine whether an incident might be occurring or might have occurred, each said first scenario being implemented as a computer-executable logic sequence that takes into account at least an aspect of a representation of an activity or an aspect of a representation of an inferred emotional state, at least one of said first scenarios taking into account both an aspect of a representation of an activity undertaken by at least one given individual and an aspect of a representation of an inferred emotional state of the at least one given individual, performance of the first scenarios assigning scores to incidents;

in response to a determination that a given incident might be occurring or might have occurred with a likelihood greater than a predetermined threshold;

add a record of the given incident to a queue of incidents, wherein records are added into the queue of incidents so as to be ordered by score; and

transmit a signal to a computing system monitored by and external to the surveillance system to cause the computing system to at least temporarily halt an electronically-mediated action that is related to the incident and being undertaken by the computing system before that action can be completed; and

perform, for those incidents having records in the queue of incidents and in an order defined by the queue of incidents, a set of second pre-programmed scenarios to determine with greater certainty whether those incidents might be occurring or might have occurred, each said second scenario being implemented as a computer-executable logic sequence, the first and second scenarios being stored to a data store and being different from one another;

wherein aspects of representations of inferred emotional states include (a) quantifications of perceived subjective emotional feelings including happiness, sadness, anger, shock, or agitation themselves;

or (b) results from computations applied thereto; and

wherein computations applicable to representations of inferred emotional states in determining aspects thereof include aggregation calculations that include aspects of representations of two or more inferred emotional states.

2. The system of claim 1, wherein representations of activities include trade-related activities and metadata associated therewith, the trade-related activities taking place on a regulated financial market.

3. The system of claim 1, wherein aspects of representations of activities include trade-related activities themselves or results from computations applied thereto.

4. The system of claim 1, wherein representations of inferred emotional states include quantifications of perceived subjective emotional feelings of individuals derived from a video of said individuals.

5. The system of claim 1, wherein computations applicable to representations of inferred emotional states in determining aspects thereof include emotional baseline or gradient calculations.

6. The system of claim 1, wherein computations applicable to representations of inferred emotional states in determining aspects thereof include aggregation calculations that include aspects of representations of two or more inferred emotional states and corresponding weights applied thereto.

7. The system of claim 1, wherein at least some quantifications of at least some perceived subjective emotional feelings are provided on a scale of 0-100%.

8. The system of claim 1, wherein representations of inferred emotional states and activities are received for a plurality of individuals distributed across a plurality of institutions.

9. The system of claim 8, wherein at least one of the first or second scenarios further takes into account information gleaned from outside of the institutions.

10. The system of claim 9, wherein the information gleaned from outside of the institutions includes quantified representations of inferred emotional states that are based on social media messages.

11. The system of claim 1, wherein the processing resources are configured to at least temporarily halt a trade before the trade can be acted on by a financial market.

12. The system of claim 1, wherein the first and second scenarios are performed in connection with a complex event processing (CEP) engine executing CEP queries.

13. The system of claim 1, wherein scores for the incidents represented in the queue of incidents are updatable over time through repeat execution of the first or second scenarios.

14. The system of claim 1, wherein incidents represented in the queue of incidents having scores below a defined severity level are flagged for offline follow-up.

15. A method of conducting surveillance in connection with a computer system that monitors trades made by individuals in connection with at least one market, the method comprising:

receiving, over a first electronic interface of the computer system, quantified representations of inferred emotional states of one or more of the individuals;

receiving, over a second electronic interface of the computer system, representations of activities undertaken by one or more of the individuals;

dynamically performing, using at least one processor, a set of first predefined scenarios in real-time as events continue to stream in to the computer system via the first and second interfaces, to determine whether an illicit incident might be occurring or might have occurred in connection with the trades, each said first scenario being representable as program logic that includes at least an aspect of a representation of an activity or an aspect of a representation of an inferred emotional state, at least one of said first scenarios including both an aspect of a representation of an activity undertaken by at least one given individual and an aspect of a representation of an inferred emotional state of the at least one given individual, the first scenarios being stored to a non-transitory computer readable storage medium, performance of the first scenarios assigning scores to illicit incidents;

in response to a determination that a given illicit incident might be occurring or might have occurred with a likelihood greater than a predetermined threshold;

adding a record of the given illicit incident to a queue of illicit incidents, wherein records are added into the queue of illicit incidents so as to be ordered by score; and

transmitting a signal, using the at least one processor, to at least temporarily halt an electronically-mediated action that is related to the illicit incident and currently being undertaken by a computing device monitored by and external to the computer system before that action can be completed; and

performing, for those illicit incidents having records in the queue of illicit incidents and in an order defined by the queue of illicit incidents, using the at least one processor, a set of second predefined scenarios to determine with greater certainty whether those given illicit incidents might be occurring or might have occurred, each said second scenario being representable as program logic, the first and second scenarios being different from one another;

wherein aspects of representations of inferred emotional states include (a) quantifications of perceived subjective emotional feelings including happiness, sadness, anger, shock, or agitation themselves;

or (b) results from computations applied thereto; and

wherein computations applicable to representations of inferred emotional states in determining aspects thereof include aggregation calculations that include aspects of representations of two or more inferred emotional states.

16. The method of claim 15, wherein representations of inferred emotional states include quantifications of perceived subjective emotional feelings of individuals derived from a video of said individuals.

17. The method of claim 15, wherein:

aspects of representations of activities include trade-related activities themselves or results from computations applied thereto.

18. The method of claim 17, wherein computations applicable to representations of inferred emotional states in determining aspects thereof include emotional baseline or gradient calculations or aggregation calculations that include aspects of representations of two or more inferred emotional states.

19. The method of claim 18, wherein at least some quantifications of at least some perceived subjective emotional feelings are provided on a scale of 0-100%.

20. The method of claim 15, wherein representations of inferred emotional states or activities are received for a plurality of individuals distributed across a plurality of institutions.

21. The method of claim 20, wherein at least one of the first or second scenarios further takes into account information gleaned from outside of the institutions.

22. The method of claim 15, further comprising using the electronic message to at least temporarily halt a trade associated with the illicit incident before the trade can be acted on.

23. The method of claim 15, wherein:

quantified representations of inferred emotional states correspond to subjective physical trader emotional attributes;

representations of activities undertaken relate to objective trade-related activity events and associated measures;

the first predefined scenarios define respective types or patterns useful in detecting inappropriate trade-related incidents in connection with data types receivable over at least the first electronic interface, the first predefined scenarios being performable using a complex event processing (CEP) engine;

the second predefined scenarios incorporate data types from the first or second electronic interfaces to provide additional context in investigating incidents detected using the first logical sequences; and

further comprising generating trade interrupt signals, responsive to the performance of the first or second predefined scenarios so as to at least temporarily prevent a trade-related activity otherwise scheduled for execution by the computing device that is external to the computing system.

24. A non-transitory computer readable storage medium tangibly storing instructions that, when executed, perform surveillance in connection with a computer system that monitors trades made by individuals in connection with at least one market by at least:

enabling reception, over a first electronic interface of the computer system, of quantified representations of inferred emotional states of one or more of the individuals;

enabling reception, over a second electronic interface of the computer system, of representations of activities undertaken by one or more of the individuals;

dynamically performing a set of first predefined scenarios in real-time as events continue to stream in to the computer system via the first and second interfaces, to determine whether an illicit incident might be occurring or might have occurred in connection with the trades, each said first scenario being representable as computer-executable program logic that includes at least an aspect of a representation of an activity or an aspect of a representation of an inferred emotional state, at least one of said first scenarios including both an aspect of a representation of an activity undertaken by at least one given individual and an aspect of a representation of an inferred emotional state of the at least one given individual;

in response to a determination that a given illicit incident might be occurring or might have occurred with a likelihood greater than a predetermined threshold;

adding a record of the given illicit incident to a queue of illicit incidents, wherein the queue of illicit incidents is operated as a priority queue, and wherein records are added into the queue of illicit incidents based on severity or likelihood values associated therewith; and

transmitting an interrupt signal to at least temporarily halt an action that is related to the given illicit incident and is being executed by a separate computer system before it can be completed, in response to a determination that the given illicit incident might be occurring or might have occurred with certainty greater than a predefined threshold; and

performing, for those illicit incidents having records in the queue of illicit incidents and in an order defined by the queue of illicit incidents, a set of second predefined scenarios to determine with greater certainty whether those given illicit incidents might be occurring or might have occurred, each said second scenario being representable as computer-executable program logic, the first and second scenarios being different from one another;

wherein aspects of representations of inferred emotional states include (a) quantifications of perceived subjective emotional feelings including happiness, sadness, anger, shock, or agitation themselves;

or (b) results from computations applied thereto; and

wherein computations applicable to representations of inferred emotional states in determining aspects thereof include aggregation calculations that include aspects of representations of two or more inferred emotional states.