Out of Band Credit Control
AssigneeChicago Mercantile Exchange Inc.
InventorsAri Studnitzer, Frank Kmiec, Ryan Scott Eavy
Life of this patent
Estimating the term…
Abstract
Systems, apparatuses, methods, and computer readable media may be configured for informing a first node of a first fine precision algorithm for calculating a first credit utilization associated with a trading entity, and of whether to use a first coarse precision algorithm instead of the first fine precision algorithm as long as the first credit utilization remains below a first credit threshold, receiving first credit information data from the first node and second credit information data associated with the trading entity from a second node, and determining aggregate credit information data for the trading entity based on the first credit utilization data and the second credit utilization data.
Claims21
A method comprising:
- processing a first request by a processor of a node server, wherein the first request comprises one of an order request or a trade request and is associated with a trading entity;
- determining, by the processor and using a first algorithm, a credit utilization of the trading entity at a first time;
- processing a second request by the processor, wherein the second request comprises one of an order request or a trade request and is associated with the trading entity;
- and
- determining, by the processor and using a second algorithm different from the first algorithm, a credit utilization of the trading entity at a second time.
An apparatus comprising:
- at least one processor;
- and
- at least one memory storing executable instructions that, when executed by the at least one processor, cause the apparatus at least to perform
- processing a first request, wherein the first request comprises one of an order request or a trade request and is associated with a trading entity,
- determining, using a first algorithm, a credit utilization of the trading entity at a first time,
- processing a second request, wherein the second request comprises one of an order request or a trade request and is associated with the trading entity, and
- determining, using a second algorithm different from the first algorithm, a credit utilization of the trading entity at a second time.
A non-transitory computer readable medium storing executable instructions that, when executed, cause an apparatus to perform operations comprising:
- processing a first request, wherein the first request comprises one of an order request or a trade request and is associated with a trading entity;
- determining, using a first algorithm, a credit utilization of the trading entity at a first time;
- processing a second request, wherein the second request comprises one of an order request or a trade request and is associated with the trading entity;
- and
- determining, using a second algorithm different from the first algorithm, a credit utilization of the trading entity at a second time.
Dependencies are inferred from the claim text.