Real-time deal engagement outcome determination

• US 20070088661A1
• Filed: 10/17/2005
• Published: 04/19/2007
• Est. Priority Date: 10/17/2005
• Status: Abandoned Application

• Current Assignee: OMX Technology AB
• Original Assignee: OMX Technology AB
• Inventors: De Verdier, Peter, Sjoblom, Fredrik
• Application Number:
  US11/250,611
• Publication Number:
  US 20070088661A1
• Time in Patent Office: Days
• US Class Current: 705/80
• CPC Class Codes: G06Q 50/188 Electronic negotiation
• CPC Class Codes: G06Q 99/00 Subject matter not provided for in other groups of this subclass

Abstract

A real-time deal engagement outcome determination method and system as well as a deal engagement system implementing the method are disclosed. The real-time deal engagement outcome determination is based on the determination of the outcome of possible scenarios for received taken positions and setting a combined outcome as the deal engagement outcome. Any further taken positions having an outcome that effects any previously determined outcome will be added to the deal engagement outcome by the net effect and any further taken positions having an outcome not effecting previously determined outcomes will be added to the deal engagement outcome by a combined outcome of the further position taken. By utilising only worst case scenarios a risk determination can be made and by utilising only maximum case scenarios a gain determination can be made.

Claims

1. Method for real-time deal engagement outcome determination for users of a deal engagement system, comprising the steps of in real time

receiving a first taken position from a user;

determining an outcome of each of a number of possible scenarios for said taken position;

storing said outcome of each of said possible number of scenarios;

determining a deal engagement outcome based on said stored outcome of the number of possible scenarios;

receiving at least one further taken position from said user;

for each received further taken position determine if said further taken position effects any of said outcomes of said number of possible scenarios;

if said further taken position effects any of said outcome of said number of possible scenarios then;

determine the net effect on said outcome;

modify said stored outcome of said number of possible scenarios by said net effect; and

modify said deal engagement outcome;

and

if said further position taken does not effect any of said outcomes for said number of possible scenarios then;

determine a further outcome of a further number of possible scenarios;

storing said further outcome of said further number of possible scenarios;

determine a further deal engagement outcome; and

modify said deal engagement outcome by adding said further deal engagement outcome.

2. Method according to claim 1, wherein determining said deal engagement outcome includes determining a risk engagement as a sum of a minimum of said stored outcomes of said number of possible scenarios and said stored further outcomes of said further possible scenarios.

3. Method according to claim 1, wherein determining said deal engagement outcome includes determining a gain engagement as a sum of a maximum of said stored outcomes of said number of possible scenarios and said stored further outcomes of said further possible scenarios.

4. Method according to claim 1, wherein determining said deal engagement outcome includes determining a balanced engagement as a sum of a weighing of all said stored outcomes of said number of possible scenarios and said stored further outcomes of said further possible scenarios.

5. Method according to claim 1, wherein only negative scenarios are considered for taken positions that can be withdrawn.

6. Method according to claim 1, wherein possible outcomes for the taken position are organized in the form of a structure comprising a number of discrete cases.

7. Method according to claim 6, wherein the discrete cases are represented by nodes and wherein a function determines the outcome for each node.

8. Method according to claim 7, wherein each node is associated with a value.

9. Method according to claim 8, wherein said value is related to a statistical distribution of likelihood for the outcome to occur.

10. Method according to claim 1, wherein the deal engagement outcome is automatically updated in real time for taken position where said number of possible scenario outcome is dependent on a time variable factor.

11. Method according to claim 2, wherein a current risk engagement is output to said user.

12. Method according to claim 11, wherein the current risk engagement is output each time the current risk engagement is modified.

13. Method according to claim 11, wherein the current risk engagement is output at specific intervals.

14. Method for real-time deal engagement outcome determination, comprising the steps of in real time registering at least one taken position;

determine a current deal engagement outcome for said at least one taken position;

for each further registered taken position determine a net effect of said each further taken position on said current deal engagement outcome; and

modify said current deal engagement outcome by said net effect.

15. Method according to claim 14, wherein said current deal engagement outcome is determined by analysing possible outcomes for said taken position, organized in the form of a structure comprising a number of discrete nodes.

16. Deal engagement system, comprising an input for receiving information regarding a number of taken positions with respect to an event initiated by a user, where a taken position can include one or more of a quote, a request, an order, a bid and an offer, a matching engine associated with the input for matching positions taken with respect to each event, an order book associated with the matching unit for storing un-matched positions and a deal engagement outcome determination unit associated with the matching engine and the order book for determining a deal engagement outcome for each user, whereby the deal engagement outcome determination unit is designed to determine a deal engagement outcome for each user based on the number of taken positions, which deal engagement outcome determination represents a combined outcome result for all possible scenarios that the number of taken positions can result in.

17. System for real-time deal engagement matching comprising,

means for entering a number of taken positions in relation to a number of deal objects,

means for determining possible scenario outcomes for entered taken positions having a common denominator, and

means for determining a deal engagement outcome as a combined outcome of said possible scenarios.

18. System according to claim 17 further comprising, means for matching entered taken positions, and means for storing un-matched taken positions.

19. System according to claim 17, wherein only negative scenarios are considered for un-matched taken positions.

20. Real-time deal engagement outcome determination system comprising;

an input for receiving a taken position;

a determination unit for determining a deal engagement outcome for said taken position in real-time;

a memory for storing said deal engagement outcome; and

an output for outputting said deal engagement outcome.

21. Real-time deal engagement outcome determination system according to claim 20, wherein said determination unit comprises a selection unit for selecting one of a plurality of deal engagement outcome determination structures based on said received taken position and a calculation unit for calculating said deal engagement outcome based on said selected deal engagement outcome determination structure.

22. Real-time deal engagement outcome determination system according to claim 21, wherein each of said plurality of deal engagement outcome determination structures includes a discrete number of nodes representing possible outcomes associated with a function for calculating said deal engagement outcome.

23. Real-time deal engagement outcome determination system according to claim 22, wherein each node is attributed a value.

24. Real-time deal engagement outcome determination system according to claim 23, wherein said value represents a statistical distribution of likelihood.

25. Real-time deal engagement outcome determination system according to claim 20, wherein said determination unit determines a net effect of each entered taken position on a stored deal engagement outcome and modifies said stored deal engagement outcome by said net effect.