METHOD AND SYSTEM FOR PROVIDING RISK ASSESSMENT MANAGEMENT AND REPORTING FOR MULTI-MARKET ELECTRONIC TRADING

• US 20100010937A1
• Filed: 07/30/2009
• Published: 01/14/2010
• Est. Priority Date: 04/30/2008
• Status: Abandoned Application

• Current Assignee: Rosenthal Collins Group LLC (Marex Spectron Group Ltd.)
• Original Assignee: Rosenthal Collins Group LLC (Marex Spectron Group Ltd.)
• Inventors: ROSENTHAL, Leslie
• Application Number:
  US12/512,169
• Publication Number:
  US 20100010937A1
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A method and system for providing risk management, reporting and assessment for multi-market electronic trading. The method and system allow risk associated with one or more trading accounts for an electronic trader in multi-market electronic trading to be analyzed, reported and managed in real-time. The method and system includes graphical display of risk assessments for plural traders. The risk assessment includes a set of risk parameters with current risk parameters and historical risk parameters and provides an integrated view of current and historical trading activities and trading resources of the electronic trader across all electronic trading exchanges a trader is trading on.

Claims

1. A method for analyzing risk for electronic trading, comprising:

receiving continuously and dynamically in real-time a plurality of risk assessments for electronic trading from a plurality of electronic trading exchanges on an application a server network device with one or more processors via a communications network,

wherein the plurality of risk assessments include current risk parameters and historical risk parameters in a pre-determined hierarchy and provide an integrated view of current and historical trading activities and trading resources for a plurality of electronic traders across a plurality of electronic trading exchanges;

receiving a selection input in a graphical window on the application on the server network device to request a specific set of trading risk assessments;

collecting dynamically in real-time the requested specific set of trading risk assessments on the application the server network device;

dynamically and automatically determining in real-time a plurality of different types of risk metrics using the collected specific set of risk trading assessments; and

displaying the determined plurality of different types of risk metrics in one or more graphical windows on the graphical user interface on the application on the server device.

2. A computer readable medium having stored therein a plurality of instructions in a memory for causing one or more processors to execute the steps of the method of claim 1.

3. The method of claim 1 wherein the pre-determined hierarchy includes a trading account hierarchy comprising a trading firm, a trading firm office and a trading account.

4. The method of claim 1 wherein the determined plurality of different types of risk metrics include maximum absolute position value by all trading accounts on all trading exchanges, absolute net position change by all accounts on all trading exchanges, total change in all positions in all accounts in all trading exchanges, total account value, decline of greater than a pre-determined threshold, total trade volume and net profit and loss.

5. The method of claim 1 wherein the one or more graphical windows include a Risk Display window, a Risk Query window, an Aggregated Book View/Ask Bid Volume (ABV) window, an Order Ticket window or a Reports window.

6. The method of claim 5 wherein the Risk Query window includes a Risk Query tool including a plurality of graphical tabs including a Query Metrics Tab, a Trades Tab and a Positions Tab, wherein the Query Metrics Tab generates a Query Metrics graphical window, the Trades Tab generates a Trade Tab graphical window and the Positions Tab generates a Positions Tab graphical window, wherein the Risk Query Tool accepts selection inputs for specific sets of trading risk data and allows viewing of current risk levels for the specific sets of trading risk data by trading firm, trading firm office or trading account.

7. The method of claim 6 wherein the Query Metrics graphical window provides trading risk metrics information including:

absolute net position, change in net position, absolute total trade volume, absolute net profit and loss, absolute net liquidity, absolute net liquidity, and absolute historical total trade volume by trading firm, trading firm office or trading account.

8. The method of claim 6 wherein the Trading Tab graphical window provides trading risk information for trading accounts or margin groups by trading firm, trading firm office or trading account, wherein a margin group is a grouping based on a trading margin limits.

9. The method of claim 6 wherein the Positions Tab graphical window provides trading risk information for trading positions by trading firm, trading firm office or trading account including:

trading account type, electronic trading exchange, trading type, electronic trading sub-exchange, trading symbol, trading instrument type, trade buy or sell, trade quantity, trade expire data trade strike price, trade price, trade cost basis, trade current value, trade current market data, trade currency and trade time stamp.

10. The method of claim 1 wherein the selection input includes a specific search selection input, a wild card search selection input or a filtered search selection input.

11. The method of claim 1 further comprising:

receiving another selection input from a target network device with one or more processors on the application on the server network device to request a specific set of trading risk assessments;

collecting dynamically and automatically in real-time the requested specific set of trading risk assessments on the application the server network device;

dynamically and automatically determining in real-time a plurality of different types of risk metrics using collected specific set of risk trading assessments on the server network device;

sending the determined plurality of different types of risk metrics from the server network device to the target network device via the communications network; and

displaying the determined plurality of different types of risk metrics in one or more graphical windows on the graphical user interface on another application on the target network device.

12. The method of claim 11 wherein the one or more graphical windows on the another application on the target network device include a Risk Display window, a Risk Query window, an Aggregated Book View/Ask Bid Volume (ABV) window, an Order Ticket window or a Reports window.

13. The method of claim 12 wherein the another selection input is generated via the Risk Query window on the another application on the target network device.

14. A method for analyzing risk for electronic trading, comprising:

receiving continuously and dynamically in real-time a plurality of risk assessments for electronic trading from a plurality of electronic trading exchanges in a plurality of first data streams on an application a server network device with one or more processors via a communications network,

wherein the plurality of risk assessments include current risk parameters and historical risk parameters in a pre-determined hierarchy and provide an integrated view of current and historical trading activities and trading resources for a plurality of electronic traders across a plurality of electronic trading exchanges,

wherein the plurality of first data streams are split into a plurality of second data streams in real-time on the server network device and wherein the plurality of second data streams include selected ones of the risk assessments from the plurality of first data streams;

receiving a selection input in a graphical window on the application on the server network device to request a specific set of trading risk assessments;

collecting dynamically in real-time the requested specific set of trading risk assessments on the application the server network device, wherein the requested specific set of trading risk assessments is collected from the plurality of second data streams and uses less bandwidth and requires less processing cycles than collecting the requested specific set of trading risk assessments directly from the plurality of first data streams;

dynamically and automatically determining in real-time a plurality of different types of risk metrics using the collected specific set of risk trading assessments; and

displaying the determined plurality of different types of risk metrics in one or more graphical windows on the graphical user interface on the application on the server device.

15. A computer readable medium having stored therein a plurality of instructions in a memory for causing one or more processors to execute the steps of the method of claim 14.

16. The method of claim 14 wherein the determined plurality of different types of risk metrics include maximum absolute position value by all trading accounts on all trading exchanges, absolute net position change by all accounts on all trading exchanges, total change in all positions in all accounts in all trading exchanges, total account value, decline of greater than a predetermined threshold, total trade volume and net profit and loss.

17. The method of claim 14 wherein the one or more graphical windows include a Risk Display window, a Risk Query window, an Aggregated Book View/Ask Bid Volume (ABV) window, an Order Ticket window or a Reports window.

18. The method of claim 14 wherein the selection input is accepted on a Risk Query window on the server network device.

19. A system for analyzing risk for electronic trading, comprising in combination:

means for receiving continuously and dynamically in real-time a plurality of risk assessments for electronic trading from a plurality of electronic trading exchanges on a plurality of first streams on an application a server network device with one or more processors via a communications network, wherein the plurality of risk assessments include current risk parameters and historical risk parameters in a pre-determined hierarchy and provide an integrated view of current and historical trading activities and trading resources for a plurality of electronic traders across a plurality of electronic trading exchanges and for splitting the plurality of first data streams into a plurality of second data streams in real-time on the server network device and wherein the plurality of second data streams include selected ones of the risk assessments from the first set of data streams;

means for receiving a selection input in a graphical window on the application on the server network device to request a specific set of trading risk assessments;

means for collecting dynamically in real-time the requested specific set of trading risk assessments on the application the server network device, wherein the requested specific set of trading risk assessments is collected from the plurality of second data streams and uses less bandwidth and requires less processing cycles than collecting the requested specific set of trading risk assessments directly from the plurality of first data streams;

means for dynamically and automatically determining in real-time a plurality of different types of risk metrics using the collected specific set of risk trading assessments; and

means for displaying the determined plurality of different types of risk metrics in one or more graphical windows on the graphical user interface on the application on the server device.

20. The system of claim 19 wherein the one or more graphical windows include a Risk Display window, a Risk Query window, an Aggregated Book View/Ask Bid Volume (ABV) window, an Order Ticket window or a Reports window.