System and method for displaying a combined trading and risk management GUI display

• US 8,849,711 B2
• Filed: 01/07/2005
• Issued: 09/30/2014
• Est. Priority Date: 09/10/2004
• Status: Active Grant

• Current Assignee: Chicago Mercantile Exchange, Inc. (CME Group Incorporated)
• Original Assignee: Chicago Mercantile Exchange, Inc. (CME Group Incorporated)
• Inventors: Glinberg, Dmitriy, Yoo, Tae S., Abudarham, Jodi L., Michaels, Dale A.
• Primary Examiner(s): Hammond, III, Thomas M
• Application Number:
  US11/030,814
• Publication Number:
  US 20060059065A1
• Time in Patent Office: 3,553 Days
• Field of Search: 705 35- 40
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A graphic user interface is disclosed that combines a traditional trading, bookkeeping system or clearing system window with a detailed margin and/or collateral asset calculation analysis window on a single screen. The disclosed GUI provides the flexibility to analyze any combination of products or instrument classes such as single stock futures, futures (of all types), options (of all types), forward contracts, security options, securities and cash-based assets. Conventional systems merely block entry of orders beyond a predetermined credit limit or display clearing/bookkeeping information on all types of portfolio or accounts. The disclosed GUI, in an automated real-time or manual execution control basis, provide the user useful information (all types of numerical and/or graphical display) concerning which products contribute to and how much each product position contribute to the margin limits on, for example, multiple levels; all types of product level, product period (duration) level, account level and clearing level, etc. In one embodiment, the margin window may include a “what if” Scenario Panel and an “Actuals” Margin Analysis Panel. This Scenario Panel allows the user to experiment with “what-if” scenarios in real time or on an as-needed basis. This allows the user to better assess the changes an “actual” position(s) or “what-if” position(s) may have on the margin requirements on all account level types. Further, the actual panel displays the account'"'"'s actual positions and the associated contributions each position has to that account'"'"'s margin requirements.

Claims

1. A method for calculating a margin analysis and presenting the margin analysis to a user trading products on an exchange, the method comprising:

monitoring, by a processor, the user'"'"'s trading activity on the exchange for a present time period;

correlating, by the processor, the monitored activity with an assessment of risk;

computing, by the processor, the margin requirement based on the portfolio of products and the assessed risk, wherein computing the margin requirement further comprises;

generating, by a processor, first data representative of the user'"'"'s trading activities, the user'"'"'s trading activities including at least one product and at least one position associated with the at least one product;

generating second data representative of the user'"'"'s margin limits with respect to the computed margin requirement;

generating, by the processor, third data representative of the contributions of the user'"'"'s trading activities to the user'"'"'s margin limits;

generating, by the processor, fourth data representative of hypothetical margin requirements based on a plurality of variables selected by the user;

generating, by the processor, fifth data representative of collateral allocated or available to be used to satisfy the margin limits associated with the user'"'"'s trading activities;

displaying the first data in a trading information interface, the second data and third data in a margin information interface, the fourth data in a hypothetical scenario interface, and the fifth data in a collateral valuation interface, wherein the margin information interface displaying contributions of the at least one position on the user'"'"'s margin limits;

receiving correlation of the collateral with the at least one position to determine adjustments to the margin user'"'"'s limits and adjusting the user'"'"'s margin limits based thereon; and

presenting the trading information interface juxtaposed with the margin information interface to the user and updating the margin information interface in response to changes in the user'"'"'s trading activities in real time so as to display the effect thereof on the user'"'"'s margin limits.

2. The method of claim 1 wherein the trading information interface comprises at least one of a trading window, a bookkeeping window, a clearing window, or combinations thereof.

3. The method of claim 1 wherein the contributions may be selectively displayed based on a status of the at least one product, the at least one position, or combinations thereof.

4. The method of claim 3 wherein the status may include one of product type, product period, account, or clearing.

5. The method of claim 1 wherein the displaying of the second data in the margin information interface further comprises displaying the second data in a graphical format.

6. The method of claim 1, further comprising displaying, in a collateral information interface, data representative of at least one of account level of collateral on deposit, ledger balance, open trade equity, updated information of margin in excess or deficit, or combinations thereof.

7. The method of claim 1, wherein the presenting further comprises presenting the trading information interface and the margin information interface on a wired device.

8. The method of claim 1, wherein the presenting further comprises presenting the trading information interface and the margin information interface on a wireless device.

9. The method of claim 1, further comprising interacting audibly, via an audio interface, with a user.

10. The method of claim 9, wherein the audio interface is further operative to generate at least one of an audible alert, audible message, audible prompts, or combinations thereof.

11. The method of claim 1, wherein the displaying further comprises displaying with an appearance capable of being perceived by a user as being substantially three-dimensional.

12. The method of claim 1, wherein the at least one product is two products and the hypothetical scenario interface simultaneously displays portfolio exposure based the plurality of variables in the two products.

13. The method of claim 1, wherein the hypothetical scenario comprises a plurality of input controls configured to receive the plurality of variables.