Systems and methods for risk management in a geographically distributed trading system

A non-transitory computer-readable medium storing instructions that, when executed by one or more processors included in a master node and a plurality of regional nodes, cause the one or more processors to carry out a method of updating limits, the method comprising:

• maintaining, at the master node, a global limit and a ratio representing a proportion of the global limit allocable to each of the regional nodes;
• allocating, by the master node to each regional node, a local limit that is a proportion of the global limit in accordance with the ratio;
• monitoring, by the master node, local limit utilization at each of the regional nodes;
• detecting, by the master node, one or more events;
• and
• responsive to the detection, allocating a new local limit to one or more of the regional nodes.

A method of updating limits, the method comprising:

• maintaining, at a master node, a global limit and a ratio representing a proportion of the global limit allocable to each of the regional nodes, the master node being communicatively coupled to the regional nodes over a network;
• allocating, by the master node to each of a plurality of regional nodes, a local limit that is a proportion of the global limit in accordance with the ratio;
• monitoring, by the master node, local limit utilization at each of the regional nodes;
• detecting, by the master node, one or more events;
• and
• responsive to the detection, allocating a new local limit to one or more of the regional nodes.