Financial data processing system and method
First Claim
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.
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
15 Claims
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1. A method of monitoring financial articles of trade for risk management purposes, the method comprising:
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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. - View Dependent Claims (2, 3)
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4. A system for processing financial articles of trade, comprising:
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a transceiver that is coupled to a plurality of liquidity destinations that trade at least one of securities, commodities, options, futures, and/or derivatives, the transceiver configured to; collect drop-copies of transaction specific data from the plurality of liquidity destinations, where the drop-copies include information on submitted and/or completed transactions of financial articles of trade and the drop-copies include data of varying formats corresponding to the associated liquidity destinations; and a risk management processing system that includes at least one processor, the risk management processing system configured to; perform a comparison between the collected drop-copies and a pre-defined criteria; identify irregular transactions based on the performed comparison; assign a priority level to drop-copies identified as including irregular transactions; and issue risk notification alerts according to the assigned priority levels, wherein the pre-defined criteria includes criteria for identification of whether the collected drop-copies include at least one transaction for which a respective party is financially liable as an irregular transaction, 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 for execution thereon. - View Dependent Claims (5, 6)
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7. A method of monitoring intraday risk management for financial articles, the method comprising:
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receiving, via a transceiver, of a plurality of transaction specific data in varying formats that are from a plurality of different liquidity destinations that trade in at least one financial article of trade, the plurality of transaction specific data including a first transaction specific data related to a first transaction performed against a first liquidity destination of the plurality of different liquidity destinations; performing a comparison of at least the first transaction specific data against a risk management criteria; identifying the first transaction as an irregular transaction in accordance with the performed comparison; assigning a priority level to the identified irregular transaction; and issuing risk notification alert in accordance with the assigned priority level for the irregular transaction, wherein the risk management criteria includes criteria for identification of transactions with unknown financial liability based on the plurality of transaction specific data, the identified transactions with unknown financial liability including the first transaction for which a respective party is financially liable, where the respective party that is financially liable lacked knowledge that the first transaction had been performed against the first liquidity destination. - View Dependent Claims (8, 9, 10, 11, 12, 13, 14, 15)
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Specification