Risk Assessment
AssigneeCinnober Financial Technology AB
InventorJicun ZHONG
Life of this patent
Estimating the term…
Abstract
A risk assessment system comprising: memory for storing information about positions belonging to a portfolio of financial instruments, the portfolio comprising at least one or more orders that have been accepted but not matched; and a control arrangement configured to receive information about a new order associated with the portfolio, carry out a risk assessment for the new order based on the information about the new order, information about any trades in the portfolio and information about the one or more accepted orders, and determine whether to accept the new order based on the risk assessment.
Claims24
A risk assessment system comprising:
- a memory device configured to store information about positions belonging to a portfolio of financial instruments, the portfolio comprising at least one or more orders that have been accepted but not matched with other orders;
- and
- a control device configured to receive information about a new order associated with the portfolio, calculate a risk assessment order based on a combination of a risk associated the new order and a risk associated with the one or more accepted orders, and determine whether to accept the new order based on the risk assessment.
17-22. (canceled)
A computer-implemented method of carrying out risk management for a new order associated with a portfolio of financial instruments comprising at least one or more orders that have been accepted but not matched, the method comprising:
- receiving information about the new order associated with the portfolio;
- calculating with a control device a risk assessment based on a combination of a risk associated with the new order and a risk associated with the one or more accepted orders;
- and
- determining whether to accept the new order based on the risk assessment.
24-25. (canceled)
28-29. (canceled)
A trading exchange system comprising:
- a memory device comprising a data structure for storing a plurality of accepted orders to be matched;
- a trader interface device configured to receive a new order associated with a financial instrument traded in the trading exchange system;
- a risk assessment processor configured to inform a risk assessment system of said order before the data structure is updated to store the new order as an accepted order, the risk assessment processor being configured to calculate, a risk assessment based on a combination of a risk associated with the new order and a risk associated with positions of a portfolio of financial instruments belonging to an entity with which the new order is associated, the positions comprising at least one or more accepted orders, the risk assessment processor being further configured to receive information indicating whether the new order is acceptable from the risk assessment system;
- and
- a processor device configured to update the data structure to store the new order as an accepted order for matching with other orders in response to received information indicating that the order is acceptable.
31-37. (canceled)
Dependencies are inferred from the claim text.