Patent ID: 7421404
Filing Date: 2008-09-02
Classification: G06Q

Abstract:
1. A method for use in a clearing system, in which system positions are held which are affected by trades, said trades being executed during trading cycles in time, and in which system the positions are updated by said trades according to clearing cycles in time, wherein a first executed trade includes first trade information as to how the trade should affect the position, the method comprising the following steps implemented by the clearing system: receiving the first trade at a point in time when both the clearing cycle for the first trade and another clearing cycle for one or more subsequent trades are open; using the first trade information for the first trade which belongs to a first clearing cycle to update a first variable for a position for that clearing cycle; using second trade information for a second trade which belongs to a second clearing cycle which is also open to update a second variable for the position for that clearing cycle; and providing to one or more users one or more balances for the position for one or more clearing cycles based on the first variable.