SYSTEMS FOR RISK PORTFOLIO MANAGEMENT
First Claim
1. A computer-based system for risk portfolio management that enables switches between a first trader and a plurality of second traders, wherein each of said switches comprises an exchange of offsetting relative financial risk positions, and wherein said first trader and said plurality of second traders are operationally interconnected by a communications network which includes a central processing center, said system comprising:
- means for generating a request message, by said first trader, comprising terms of a switch of offsetting relative financial risk positions with one of the second traders;
means for sending said request message from said first trader to said plurality of second traders for soliciting the switch between said first trader and the one of the second traders; and
means for presenting said request message to said plurality of second traders substantially simultaneously.
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Accused Products
Abstract
A switch engine module enables anonymous switches between a first trader and a plurality of second traders. The switch engine module receives interest rate risk portfolios from a plurality of traders, and for each prospective trader, provides available switches based on positions in other counterparty portfolios that offset the viewing traders'"'"' positions. The offsetting positions are encoded with credit preference information in order to identify eligible trades based on both counterparties credit preferences. The credit preferences of the participating traders can be taken in consideration in making switches.
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Citations
20 Claims
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1. A computer-based system for risk portfolio management that enables switches between a first trader and a plurality of second traders, wherein each of said switches comprises an exchange of offsetting relative financial risk positions, and wherein said first trader and said plurality of second traders are operationally interconnected by a communications network which includes a central processing center, said system comprising:
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means for generating a request message, by said first trader, comprising terms of a switch of offsetting relative financial risk positions with one of the second traders; means for sending said request message from said first trader to said plurality of second traders for soliciting the switch between said first trader and the one of the second traders; and means for presenting said request message to said plurality of second traders substantially simultaneously. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A method, comprising:
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generating, by a first trader, a request comprising terms of a switch of offsetting relative financial risk positions with one of a plurality of second traders, wherein the switch comprises an exchange of offsetting financial risk positions of the first trader and the one of the second traders, and wherein the first trader and the plurality of second traders are operationally interconnected by a communications network comprising a central processing center; sending the request message from the first trader to the plurality of second traders for soliciting the switch between the first trader and the one of the second traders; and presenting the request message to the plurality of second traders substantially simultaneously. - View Dependent Claims (17, 18)
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19. A computer program product comprising a computer useable medium having control logic stored therein, said control logic comprising:
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a first code configured to generate a request message, by a first trader, comprising terms of a switch of offsetting relative financial risk positions with at least one of a plurality of second traders, wherein the switch comprises an exchange of offsetting financial risk positions of the first trader and the one of the second traders, and wherein the first trader and the plurality of second traders are operationally interconnected by a communications network comprising a central processing center; a second code configured to send the request message from the first trader to the plurality of second traders for soliciting the switch between the first trader and the one of the second traders; and a third code configured to present the request message to the plurality of second traders substantially simultaneously.
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20. A method comprising:
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selecting, by a first trader, a switch of offsetting relative financial risk positions with one of a plurality of second traders; initiating generation of a request message comprising terms of the switch with the second trader, wherein the switch comprises an exchange of offsetting financial risk positions of the first trader and the second trader, and wherein the first trader and the second trader are operationally interconnected by a communications network comprising a central processing center; receiving confirmation of execution of the switch following acceptance of the switch by the second trader.
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Specification