Patent ID: 8838496
Filing Date: 2014-09-16
Classification: G06Q

Abstract:
1. A method of determining whether a trade order is permitted according to a predefined exposure limitation using a system comprising a data storage server, a communications server, memory, and at least one processor, the method comprising the steps of: storing in the data storage server a set of instrument data representing an actual and a maximum permitted number of instrument units per a first unit of time; receiving at the communication server a request to execute a trade for one or more strips of financial instruments, the strips including one or more of the instrument units, each of which is associated with a second unit of time; constructing, using the at least one processor and computer-executable instructions stored in the memory, a stepped graph for the financial instrument based on the stored instrument data in the data storage server wherein one axis of the stepped graph represents a time period covering the strip of contracts and another axis represents a quantity of the units of the financial instrument; comparing, using the at least one processor and computer-executable instructions stored in the memory, the received request to the stepped graph to determine whether the permitted maximum number of investment units would be violated for one or more of the first units of time should the requested trade execute; and allowing, using the at least one processor and computer-executable instructions stored in the memory, the trade to execute if no violation is determined, and not allowing the trade to execute if a violation is determined