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Financial data processing system and method

  • US 8,433,641 B2
  • Filed: 04/22/2011
  • Issued: 04/30/2013
  • Est. Priority Date: 10/14/2003
  • Status: Active Grant
First Claim
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1. A method of monitoring financial articles of trade for risk management purposes, the method comprising:

  • collecting, by a transceiver, drop-copies of transaction specific data of varying formats from a plurality of liquidity destinations trading at least one financial article of trade; and

    identifying, via a risk management processing system that includes at least one processor, irregular transactions within the collected drop-copies by comparing the drop-copies against a pre-defined criteria;

    assigning a priority level to drop-copies identified as irregular transactions; and

    issuing risk notification alerts in accordance with the assigned priority levels for the respective irregular transactions,wherein the pre-defined criteria includes criteria for identification of at least one transaction from the collected drop-copies for which a respective party is financially liable, where the respective party that is financially liable lacked knowledge that the at least one transaction had been submitted to at least one of the plurality of liquidity destinations.

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