Patent ID: 8494953
Filing Date: 2013-07-23
Classification: G06Q

Abstract:
1. A computer implemented method for netting a plurality of offsettable positions of a plurality of positions within each of a plurality of portfolios, each of the plurality of portfolios being associated with a market participant, the method comprising: receiving, by a processor from each market participant, criteria data representative of a plurality of conditions by which the associated market participant considers any of the plurality of positions of their associated portfolio as being an offsettable position with respect to another of the plurality of positions of their associated portfolio, wherein the criteria data received from one market participant is different from the criteria data received from at least one other market participant; evaluating, by the processor, each of the received criteria data to determine whether, for a first portfolio of the plurality of portfolios of a first market participant of the plurality of market participants from which the criteria data was received, at least first and second positions included in the first portfolio and considered offsettable under the plurality of conditions of the criteria data received from the first market participant would further be considered offsettable positions under the plurality of conditions of another criteria data received from a second market participant associated with a second portfolio of the plurality of portfolios which includes at least a third position counter to the first position and a fourth position counter to the second position and considered offsettable under the plurality of conditions of the criteria data received from the second market participant and wherein the third and fourth positions are further considered offsettable positions under the plurality of conditions of the criteria data received from the first market participant; and netting, by the processor, the first position with the second position and the third position with the fourth position, when the first and second positions and the third and fourth positions are determined to be considered offsettable positions under the plurality of conditions of both the criteria data received from the first market participant and the criteria data received from the second market participant.