Patent ID: 8788396
Filing Date: 2014-07-22
Classification: G06Q

Abstract:
1. A computer-implemented method of managing intraday risk conditions, comprising: collecting, by a processor, transaction specific data from a plurality of liquidity destinations trading at least one financial article of trade, wherein the collected transaction specific data comprises account parameters corresponding to associated liquidity destinations; defining, by the processor, an intraday risk condition of a trading market; associating, by the processor, said defined, intraday risk condition with a trading entity; identifying, by the processor, an event in said trading market from said account parameters of the transaction specific data in which the event matches said defined intraday risk condition; terminating, by the processor, at least one dedicated communication session between said trading entity and a corresponding liquidity destination; and initiating, responsive to the identified event, by the processor, a process at said corresponding liquidity destination that cancels pending transaction messages submitted by said trading entity.