FINANCIAL DATA PROCESSING SYSTEM
First Claim
1. A method of processing financial articles of trade, comprising:
- collecting real time data from a plurality of liquidity destinations trading at least one financial article of trade, said real time data including information on submitted and completed transactions of financial articles of trade, wherein said real time data comprises disparate data of varying formats corresponding to associated liquidity destinations; and
from said real time data, identifying a transaction which an entity is financially liable as one of a chain or parties involved in affecting said identified transaction, wherein said entity was previously unaware of its submission to one of said plurality of liquidity destinations because another party in said chain of parties submitted said identified transaction to one of said plurality of liquidity destinations.
1 Assignment
0 Petitions
Accused Products
Abstract
A method of processing financial articles of trade is provided. The method includes collecting real time data from a plurality of liquidity destinations in trading at least one of securities, commodities, options, futures and derivatives, the real time data including information on submitted transactions of financial articles of trade. The real time data collected from the plurality of liquidity destinations is aggregated. The real time data is streamed in a standardized form. User criteria are established to identify relevant portions of the streamed real time data. The streamed real time data is analyzed according to the user criteria. The analyzed real time data is consolidated into a computer data base.
-
Citations
8 Claims
-
1. A method of processing financial articles of trade, comprising:
-
collecting real time data from a plurality of liquidity destinations trading at least one financial article of trade, said real time data including information on submitted and completed transactions of financial articles of trade, wherein said real time data comprises disparate data of varying formats corresponding to associated liquidity destinations; and from said real time data, identifying a transaction which an entity is financially liable as one of a chain or parties involved in affecting said identified transaction, wherein said entity was previously unaware of its submission to one of said plurality of liquidity destinations because another party in said chain of parties submitted said identified transaction to one of said plurality of liquidity destinations. - View Dependent Claims (2, 3)
-
-
4. A system for processing financial articles of trade, comprising:
-
a collector configured to couple to and collect real time data directly from a plurality of liquidity destinations, said liquidity destinations for trading at least one of securities, commodities, options, futures and derivatives, said real time data including information on submitted and completed transactions of financial articles of trade, wherein said real time data comprises disparate data of varying formats corresponding to associated liquidity destinations; an analysis component coupled to said collector for identifying a transaction from said real time data which an entity is financially liable as one of a chain or parties involved in affecting said identified transaction, wherein said entity was previously unaware of its submission to one of said plurality of liquidity destinations because another party in said chain of parties submitted said identified transaction to one of said plurality of liquidity destinations. - View Dependent Claims (5, 6)
-
-
7. A method of processing financial articles of trade, comprising:
-
collecting real time data from a plurality of liquidity destinations trading at least one financial article of trade, said real time data including information on submitted and completed transactions of financial articles of trade, wherein said real time data comprises disparate data of varying formats corresponding to associated liquidity destinations; from said real time data, identifying a transaction which an entity is financially liable as one of a chain or parties involved in affecting said identified transaction, wherein said entity was previously unaware of its submission to one of said plurality of liquidity destinations because another party in said chain of parties submitted said identified transaction to one of said plurality of liquidity destinations; establishing user defined criteria to define a situation; setting a position for said entity at a start of a trading period by considering overnight buying power and stock positions; updating said position of said entity based on said identified transaction; and performing a risk calculation to determine if said position violates a risk parameter defining said situation. - View Dependent Claims (8)
-
Specification