Multiple quote risk management

A system for protecting a market participant participating in a market, the system comprising:

• a risk allocation processor operative to allocate an amount of risk to the market participant, the allocated amount of risk being stored in an account;
• a transaction processor coupled with the account and operative to reduce the stored allocated amount of risk based on a first transaction proposed by the market participant but not yet matched with another proposed transaction counter thereto, wherein the transaction processor is further operative to receive a third transaction proposed by the market participant but not yet matched with another proposed transaction counter thereto, the second proposed transaction having been proposed prior to the conclusion of the first proposed transaction;
• a monitor processor coupled with the account and operative to, prior to the conclusion of the first and second proposed transactions, determine if the stored allocated amount of risk has been depleted by the reduction based on the first proposed transaction;
• and
• a transaction handling processor coupled with the monitor processor and, prior to the conclusion of the first and second proposed transactions, operative to take an action in accordance with the determination of the monitor processor to at least one of block or allow the availability of the second proposed transaction to be matched.

A system for protecting a market participant participating in a market, the system comprising:

• means for allocating an amount of risk to the market participant, the allocated amount of risk being stored in an account;
• means for reducing the stored allocated amount of risk, coupled with the account, based on a first transaction proposed by the market participant but not yet matched with another proposed transaction counter thereto;
• means for receiving a third transaction proposed by the market participant but not yet matched with another proposed transaction counter thereto, the second proposed transaction having been proposed prior to the conclusion of the first proposed transaction;
• means for determining, prior to the conclusion of the first and second proposed transactions, if the stored allocated amount of risk has been depleted by the reduction based on the first proposed transaction, the means for determining being coupled with the account;
• and
• means for acting, prior to the conclusion of the first and second proposed transactions, in accordance the determination of the means for determining, to at least one of block or allow the availability of the second proposed transaction to be matched.

A system for protecting a market participant participating in a market, the system comprising a processor and a memory coupled with the processor, the system further comprising:

• first logic stored in the memory and executable by the processor to allocate an amount of risk to the market participant, the allocated amount of risk being stored in an account in the memory;
• second logic stored in the memory and executable by the processor to reduce the stored allocated amount of risk based on a first transaction proposed by the market participant but not yet matched with another proposed transaction counter thereto, the second logic being further executable to receive a third transaction proposed by the market participant but not yet matched with another proposed transaction counter thereto, the third proposed transaction having been proposed prior to the conclusion of the first proposed transaction;
• and
• third logic stored in the memory and executable by the processor to determine, prior to the conclusion of the first and second proposed transactions, if the stored allocated amount of risk has been depleted by the reduction based on the first transaction and act in accordance with the determination to at least one of block or allow the availability of the second proposed transaction to be matched.