Financial data processing system
First Claim
1. A method of processing financial articles of trade, comprising:
- collecting data from a plurality of liquidity destinations trading at least one financial article of trade, said data including information on submitted and completed transactions of financial articles of trade, wherein said data comprises disparate data of varying formats corresponding to associated liquidity destinations; and
from said data, identifying, using a computer, a transaction which a party is financially liable as one of a plurality of parties involved in affecting said identified transaction, wherein said financially liable party lacked prior knowledge of submission to one of said plurality of liquidity destinations because another party in said plurality of parties submitted said identified transaction to one of said plurality of liquidity destinations.
1 Assignment
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Accused Products
Abstract
To process financial articles of trade, real time data is collected 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.
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Citations
9 Claims
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1. A method of processing financial articles of trade, comprising:
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collecting data from a plurality of liquidity destinations trading at least one financial article of trade, said data including information on submitted and completed transactions of financial articles of trade, wherein said data comprises disparate data of varying formats corresponding to associated liquidity destinations; and from said data, identifying, using a computer, a transaction which a party is financially liable as one of a plurality of parties involved in affecting said identified transaction, wherein said financially liable party lacked prior knowledge of submission to one of said plurality of liquidity destinations because another party in said plurality of parties submitted said identified transaction to one of said plurality of liquidity destinations. - View Dependent Claims (2, 3)
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4. A system for processing financial articles of trade, comprising:
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a collector configured to couple to and collect data from a plurality of liquidity destinations, said liquidity destinations for trading at least one of securities, commodities, options, futures and derivatives, said data including information on submitted and completed transactions of financial articles of trade, wherein said data comprises disparate data of varying formats corresponding to associated liquidity destinations; an analysis component of a computer coupled to said collector and configured to identify a transaction from said data for which a party is financially liable as one of a plurality of parties involved in affecting said identified transaction, wherein said financially liable party lacked prior knowledge of submission of the identified transaction to one of said plurality of liquidity destinations because another party in said plurality of parties submitted said identified transaction to one of said plurality of liquidity destinations. - View Dependent Claims (5, 6)
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7. A method of processing financial articles of trade, comprising:
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collecting data from a plurality of liquidity destinations trading at least one financial article of trade, said data including information on submitted and completed transactions of financial articles of trade, wherein said data comprises disparate data of varying formats corresponding to associated liquidity destinations; from said data, using a computer, identifying a transaction which a party is financially liable as one of a plurality of parties involved in affecting said identified transaction, wherein said financially liable party lacked prior knowledge of submission of the identified transaction to one of said plurality of liquidity destinations because another party in said plurality 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 financially liable party at a start of a trading period by considering overnight buying power and stock positions; updating said position of said financially liable party based on said identified transaction; and performing by said computer a risk calculation to determine if said position violates a risk parameter defining said situation. - View Dependent Claims (8)
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9. A method of processing financial articles of trade, comprising:
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collecting data from a plurality of liquidity destinations trading at least one financial article of trade, said data including information on submitted and completed transactions of financial articles of trade, wherein said data comprises disparate data of varying formats corresponding to associated liquidity destinations; identifying using a computer relevant portions of said data comprising one or more transactions for which a party is financially liable; comparing, using an analysis component of said computer, said relevant portions of said data against user-defined criteria; based on said comparing, identifying, using a computer, a transaction for which a party is financially liable as one of a plurality of parties involved in affecting said identified transaction, wherein said financially liable party lacked prior knowledge of submission of the identified transaction to one of said plurality of liquidity destinations because another party in said plurality of parties submitted said identified transaction to one of said plurality of liquidity destinations; and performing risk management for the financially liable party in response to the identified transaction.
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Specification