Patent ID: 8355973
Filing Date: 2013-01-15
Classification: G06Q,H04L

Abstract:
1. An optimization processor-implemented method for enabling Periodic Auction Reset Securities (PARS) position maintenance, comprising: receiving, at an optimization processor, an account maintenance request for an at least one PARS account; querying at least one account profile database based on the received account maintenance request to identify at least one account profile associated with the at least one PARS account; retrieving the identified at least one account profile from the at least one account profile database; analyzing, on the optimization processor, the retrieved account profile to identify at least one account optimization rule that is applicable to the at least one PARS account; determining, on the optimization processor, whether a violation of the at least one account optimization rule exists in the account profile; creating an exception in the account profile if the optimization processor determines a violation of the at least one account optimization rule exists in the account profile; determining at least one action type that can resolve the exception; executing at least one action corresponding to the at least one action type to resolve the exception; and updating the account profile.