SYSTEMS AND METHODS OF FACILITATING TRADING OF INSTRUMENTS
First Claim
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1. A method for facilitating trading of instruments, the method comprising the acts of:
- receiving a first intermediate node credit profile from a first intermediate node;
generating a master trader credit matrix using the first intermediate node credit profile;
allowing or denying a trade based on the master trader credit matrix; and
updating the master trader credit matrix based on information received in connection with an acceptance or rejection of a trade.
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Abstract
Systems and methods of facilitating trades of instruments are provided. A master node and a plurality of intermediate nodes store counterparty credit matrices. Trades are executed based on the information stored in these matrices. The systems and methods allow selection of trading options that not only accept or reject a trade, but also can indicate a credit status to be assigned to a counterparty to the trade.
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Citations
32 Claims
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1. A method for facilitating trading of instruments, the method comprising the acts of:
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receiving a first intermediate node credit profile from a first intermediate node; generating a master trader credit matrix using the first intermediate node credit profile; allowing or denying a trade based on the master trader credit matrix; and updating the master trader credit matrix based on information received in connection with an acceptance or rejection of a trade. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A master node comprising:
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an intermediate node interface; a memory; and a processor, coupled to the intermediate node interface and memory, the processor comprising intermediate node credit profile receiving logic that receives a first intermediate node credit profile from a first intermediate node; master trader credit matrix generating logic that generates a master trader credit matrix using the first intermediate node credit profile and stores the generated matrix in the memory; trade execution controlling logic that allows or denies a trade based on the master trader credit matrix; and credit matrix updating logic that updates the master trader credit matrix based on information received in connection with an acceptance or rejection of a trade. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A method for facilitating trading of instruments, the method comprising the acts of:
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generating a master trader credit matrix; allowing or denying a trade based on the master trader credit matrix; and updating the master trader credit matrix based on information received in connection with an acceptance or rejection of a trade. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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Specification