Real-time trading system
First Claim
Patent Images
1. A method for managing risk associated with providing real-time trading services, comprising the steps of:
- providing a plurality of dealing quotes, each of said plurality of dealing quotes having a duration;
calculating an exposure associated with each of said dealing quotes during said respective durations;
calculating a total exposure based on said exposures for all of said dealing quotes that have not expired; and
adjusting future dealing quotes based on said total exposure.
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Abstract
A method and system is provided for managing risk associated with providing real-time trading services and includes the step of providing a plurality of dealing quotes wherein each of the plurality of dealing quotes having a duration. Next, an exposure associated with each of the dealing quotes during said respective durations is calculated. Next, a total exposure based on the exposures for all of the dealing quotes that have not expired is calculated. Finally, future dealing quotes are adjusted based on the total exposure.
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Citations
74 Claims
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1. A method for managing risk associated with providing real-time trading services, comprising the steps of:
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providing a plurality of dealing quotes, each of said plurality of dealing quotes having a duration;
calculating an exposure associated with each of said dealing quotes during said respective durations;
calculating a total exposure based on said exposures for all of said dealing quotes that have not expired; and
adjusting future dealing quotes based on said total exposure. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 29)
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26. A method of managing risk associated with a plurality of price requests, the method comprising the steps of:
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aggregating said plurality of price requests into a block trade price request; and
providing a single dealing price quote for said block trade price request.
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27. A method of managing risk associated with a plurality of price requests, wherein some of said plurality of price requests have different currency pairs and some of said plurality of price requests have different tenors, the method comprising the steps of:
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aggregating said plurality of price requests according to said different currency pairs into currency pair groups;
aggregating said plurality of price requests according to said tenors into tenor groups; and
providing a single dealing price quote for each of said currency pair groups and tenor groups.
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28. A method of managing risk associated with a plurality of price requests, wherein each of said price requests have a notional amount and no tenor, the method comprising the steps of:
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aggregating said plurality of price requests into a block trade price request;
providing a single dealing price quote for said block trade price request based on a spot price;
executing a block trade based on said block trade price request; and
booking said block trade into a risk management system.
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30. A method for managing risk associated with a block trade price request, comprising the steps of:
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providing a single dealing price quote for said block trade price request based on a spot price;
executing a block trade based on said block trade price request;
booking said block trade into a risk management system;
receiving at least one individual trade having a notional and a tenor;
removing from said risk management system a portion of said block trade corresponding to said at least one individual trade; and
booking a trade into said risk management system corresponding to said at least one individual based on said notional and said tenor.
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31. A method for managing risk associated with providing real-time trading services, comprising the steps of:
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providing a plurality of dealing quotes, each of said plurality of dealing quotes having a duration and wherein at least one of said plurality of dealing quotes are an offer to a client to perform a trade in a security, said trade having a size and said client having credit;
evaluating said credit of said client;
providing said at least one of said plurality of dealing quotes to said client if said credit is acceptable; and
reserving a portion of said client'"'"'s credit for said duration of said at least one of said plurality of dealing quote. - View Dependent Claims (32, 33, 35, 36, 37, 38, 39, 40, 41)
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34. A method for managing risk associated with providing real-time trading services, comprising the steps of:
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providing a plurality of dealing quotes, each of said plurality of dealing quotes having a duration and wherein at least one of said plurality of dealing quotes are an offer to a client to perform a trade in a security; and
manually reviewing said at least one of said plurality of dealing quotes before said at least one of said plurality of dealing quotes is provided to said client.
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42. A method for managing risk associated with providing real-time trading services, comprising the steps of:
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providing a plurality of dealing quotes, each of said plurality of dealing quotes having a duration;
executing at least one trade based on one of said plurality of dealing quotes;
aggregating all of said at least one trade; and
booking all of said at least one trade when a threshold is reached. - View Dependent Claims (43, 44, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69)
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45. A system for managing risk associated with providing real-time trading services, comprising:
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a quote engine, said quote engine providing a plurality of dealing quotes, each of said plurality of dealing quotes having a duration;
an exposure manager, said exposure manager calculating an exposure associated with each of said dealing quotes during said respective durations and calculating a total exposure based on said exposures for all of said dealing quotes that have not expired; and
wherein future dealing quotes are adjusted by said quote engine based on said total exposure.
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70. A system for managing risk associated with a plurality of price requests, comprising:
a block trade manager, said block trade manager aggregating said plurality of price requests into a block trade price request and providing a single dealing price quote for said block trade price request.
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71. A system for managing risk associated with a plurality of price requests, wherein some of said plurality of price requests have different currency pairs and some of said plurality of price requests have different tenors, comprising:
a block trade manager, said block trade manager aggregating said plurality of price requests according to said different currency pairs into currency pair groups and said plurality of price requests according to said tenors into tenor groups, said block trade manager providing a single dealing price quote for each of said currency pair groups and tenor groups.
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72. A system for managing risk associated with a plurality of price requests, wherein each of said price requests have a notional amount and no tenor, comprising:
a block trade manager, said block trade manager aggregating said plurality of price requests into a block trade price request and providing a single dealing price quote for said block trade price request based on a spot price, said block trade manager executing a block trade based on said block trade price request and booking said block trade into a risk management system. - View Dependent Claims (73)
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74. A system for managing risk associated with a block trade price request, comprising:
a block trade manager, said block trade manager providing a single dealing price quote for said block trade price request based on a spot price, executing a block trade based on said block trade price request and booking said block trade into a risk management system, said block trade manager receiving at least one individual trade having a notional and a tenor, removing from said risk management system a portion of said block trade corresponding to said at least one individual trade and booking a trade into said risk management system corresponding to said at least one individual based on said notional and said tenor.
Specification