Asynchronous computational engine

A non-transitory computer readable medium storing processor-issuable instructions that, when executed by a processor, cause the processor to:

• receive, repeatedly at a first interval, a first dataset comprising first data indicative of a plurality of financial instruments;
• receive, repeatedly at a second interval different from the first interval, a second dataset comprising second data indicative of the plurality of financial instruments;
• recalculate, based on each received iteration of the first dataset, first results at a first frequency, the processor controlling the first frequency, the first results comprising an implied volatility for each of the plurality of financial instruments;
• recalculate, based on each received iteration of the second dataset, second results at a second frequency, different from the first frequency, the processor controlling the second frequency, the second results comprising an open vega for each of the plurality of financial instruments;
• determine whether at least a first threshold has been met by the first results or a second threshold has been met by the second results;
• and
• regenerate, when one of the first and second thresholds has been met, at a third frequency different from one of the first and second frequencies and based on the first and second results, a first output comprising an open vega-weighted implied volatility for each of the plurality of financial instruments.
• regenerate, when one of the first and second thresholds has been met, at a fourth frequency different from one of the first and second frequencies and based on the first outputs, a second output comprising an asynchronous volatility index value;
• and
• regenerate, when one of the first and second thresholds has been met, a third output based on the second output, the third output comprising at least one asynchronous volatility index financial instrument having a value that is determined from the asynchronous volatility index value.

A computational engine apparatus for generating an instrument comprising:

• means for receiving, repeatedly at a first interval, a first dataset comprising first data indicative of a plurality of financial instruments;
• means for receiving, repeatedly at a second interval different from the first interval, a second dataset comprising second data indicative of the plurality of financial instruments;
• means for recalculating, based on each received iteration of the first dataset, first results at a first frequency, the first results comprising an implied volatility for each of the plurality of financial instruments;
• means for recalculating, based on each received iteration of the second dataset, second results at a second frequency, different from the first frequency, the second results comprising an open vega for each of the plurality of financial instruments;
• means for determining whether at least a first threshold has been met by the first results or a second threshold has been met by the second results;
• and
• means for regenerating when one of the first and second thresholds has been met, at a third frequency different from one of the first and second frequencies and based on the first and second results, a first output comprising an open vega-weighted implied volatility for each of the plurality of financial instruments.
• means for regenerating, when one of the first and second thresholds has been met, at a fourth frequency different from one of the first and second frequencies and based on the first outputs, a second output comprising an asynchronous volatility index value;
• and
• means for regenerating, when one of the first and second thresholds has been met, a third output based on the second output, the third output comprising at least one asynchronous volatility index financial instrument having a value that is determined from the asynchronous volatility index value.