Method and Apparatus for Real-Time Benchmarking

An apparatus comprising:

• a rate obtaining module configured to:
• (i) obtain a first plurality of rates associated with a currency pair from a plurality of providers during a first period of time and (ii) obtain a second plurality of rates associated with the currency pair from the plurality of providers during a second period of time;
• and
• a benchmark value generating module operatively connected to the rate obtaining module, the benchmark value generating module configured to:
• (i) generate a first benchmark value associated with the currency pair for a first point in time based on the first plurality of rates and (ii) generate a second benchmark value associated with the currency pair for a second point in time based on the second plurality of rates.

A non-transitory computer-readable medium comprising executable instructions that when executed by a processor cause the processor to carry out a method comprising:

• obtaining a first plurality of rates associated with a currency pair from a plurality of providers during a first period of time;
• generating a first benchmark value associated with the currency pair for a first point in time based on the first plurality of rates;
• obtaining a second plurality of rates associated with the currency pair from the plurality of providers during a second period of time;
• and
• generating a second benchmark value associated with the currency pair for a second point in time based on the second plurality of rates.