System and method for managing risk associated with product transactions
First Claim
Patent Images
1. A method of managing trading orders, comprising:
- receiving a request to place a first order to trade a first product, the request being made using an account that comprises one or more current balances;
determining a risk value for the first order based at least in part on the first product;
determining whether to approve the first order based at least in part on the risk value determined for the first order and one or more of the current balances for the account; and
if the first order is approved, placing the first order.
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Abstract
A method of managing trading orders is provided. The method includes receiving a request to place a first order to trade a first product, the request being made using an account having one or more current balances. The method further includes determining a risk value for the first order based at least in part on the first product. The method further includes determining whether to approve the first order based at least in part on the risk value determined for the first order and one or more of the current balances for the account, and if the first order is approved, placing the first order.
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Citations
36 Claims
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1. A method of managing trading orders, comprising:
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receiving a request to place a first order to trade a first product, the request being made using an account that comprises one or more current balances;
determining a risk value for the first order based at least in part on the first product;
determining whether to approve the first order based at least in part on the risk value determined for the first order and one or more of the current balances for the account; and
if the first order is approved, placing the first order. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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19. A system for managing orders, comprising:
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a memory operable to store an account; and
a processor operable to;
receive a request to place a first order to trade a first product, the request being made using the account, wherein the account comprises one or more current balances;
determine a risk value for the first order based at least in part on the first product;
determine whether to approve the first order based at least in part on the risk value determined for the first order and one or more of the current balances for the account; and
if the first order is approved, place the first order. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36)
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Specification