Apparatus, method and system for providing an electronic marketplace for trading credit default swaps and other financial instruments, including a trade management service system

A computer network system providing integrated credit derivative brokerage services, the system comprising:

• at least one processor configured as a:
• a credit default swap (CDS) processor configured to control providing trading, trade capture, confirmations, maintenance of reference data, and reporting, the CDS processor including a CDS database (CDS DB),
• in which the CDS processor is configured to control providing a workspace configured to organize logically market and product data, a price sheet configured to group together related products within the workspace, a trade log configured to display trading details, an order book configured to display and manage at least one of open or cancelled orders, and a trader's eye function configured to display a market from a perspective of a specific trader;
• a credit market portal processor configured to control providing a customer front end of real-time credit market data, and a historical reporting and search facility to at least one of brokers or traders;
• a credit market mart processor configured to control providing a credit data mart disseminating real time credit market data, the credit market mart processor configured to serve as a data source of the credit market portal processor, which provides a customer-facing front end to access real time credit market data;
• a credit editor processor configured to control providing a data-cleansing interface to the credit market mart processor accessed via the credit market portal processor;
• a credit trading system (CTS) processor, having an associated back-end CTS database (CTS DB), configured to control providing order management and an authoritative source of real-time, electronic orders of credit default swaps for the CDS processor;
• a credit trade capture (CTC) processor configured to control providing a middle-office trade capture and confirmation system;
• a data depot (DD) processor configured to control centrally storing all of the credit market data;
• and
• a market data processor (MDP) configured to control collecting, transforming, and formatting the credit market data, wherein the MDP is a trade management service (TMS) client and a price broadcast service (PBS) client;
• wherein to create a trade, the at least one processor is configured to look up a factory class, invoke the factory class to instantiate a manager class, and invoke the manager class with trade data to create the trade,
• wherein the at least one processor is configured to control querying at least one of an individual trade or a collection of trades using a trade management service processor of the system, and
• wherein to query the at least one of the individual trade or the collection of trades, the at least one processor is configured to look up a given factory class, invoke the given factory class to instantiate a given manager class, invoke the given manager class to instantiate a query manager class, and invoke the query manager class to perform a trade query for pending data regarding the at least one of the individual trade or the collection of trades.

A non-transitory computer readable medium configured to store instructions which, when executed by at least one processor in a computer network system providing integrated credit derivative brokerage services, control:

• performing trading, trade capture, confirmations, maintenance of reference data, and reporting of credit default swaps (CDS) using a CDS database (CDS DB) by a credit trade system (CTS) processor;
• providing a customer front end of real-time credit market data and providing a historical reporting and search facility to at least one of brokers and traders by using a credit market portal processor, which provides a customer-facing front end to access the real-time credit market data, in which the customer front end includes a workspace configured to organize logically market and product data, a price sheet configured to group together related products within the workspace, a trade log configured to display trading details, an order book configured to display and manage at least one of open and cancelled orders, and a trader's eye function configured to display the market from the perspective of a specific trader;
• disseminating the credit market data via a credit market mart which is a data source of the credit market portal processor;
• providing, via a credit editor, a data-cleansing interface to the credit market mart accessed via the credit market portal processor;
• providing credit trading, using an associated back-end CTS database (CTS DB), to provide order management and an authoritative source of real-time, electronic orders of credit default swaps;
• providing middle-office trade capture and confirmation using a credit trade capture (CTC) processor;
• centrally storing in a data depot (DD) all of the credit market data;
• and
• processing market data using a market data processor (MDP), wherein the MDP is at least one of a trade management service (TMS) client and a price broadcast service (PBS) client;
• creating a trade, wherein the creating a trade includes looking up a factory class, invoking the factory class to instantiate a manager class, and invoking the manager class with trade data to create the trade;
• and
• querying at least one of an individual trade or a collection of trades,
• wherein the querying of the at least one of an individual trade or a collection of trades includes looking up a given factory class, invoking the given factory class to instantiate a given manager class, invoking the given manager class to instantiate a query manager class, and invoking the query manager class to perform a trade query of pending data regarding the at least one of the individual trade and the collection of trades.