Patent ID: 7991686
Filing Date: 2011-08-02
Classification: G06Q

Abstract:
1. A computer system for conducting an auction for a plurality of financially settled contracts, the system comprising: means for receiving a plurality of first participant bids from a first participant; means for receiving a plurality of second participant bids from a second participant; and means for matching a batch of bids to create a plurality of awarded bids, wherein the batch of bids comprises the plurality of first participant bids and the plurality of second participant bids, wherein each bid of the batch of bids relates to at least a portion of the plurality of financially settled contracts, wherein the matching comprises matching an outright bid with at least one leg of at least one non-outright bid, and wherein the first participant has a portfolio, and if the portfolio has a trade risk in violation of a trade risk limit, the plurality of awarded bids are modified to award the first participant bids that reduce or do not increase the trade risk of portfolio.