Patent ID: 8751364

Claim:
A computer system for performing risk assessment of a securities transaction at wire speed without processing software instructions, the computer system comprising: (A) memory; (B) a network connection; and (C) a reprogrammable integrated circuit (IC) device comprising non-transitory embedded hardware instructions coding for a method comprising the steps of: a) receiving by the IC device an incoming order for the securities transaction; b) parsing the order by the IC device into a plurality of order components; c) evaluating by the IC device one or more order components in accordance with pre-established risk criteria; and d1) if the order components pass the pre-established risk criteria, permitting the order to pass to a securities exchange for subsequent handling; or d2) if the order components do not pass the pre-established risk criteria, truncating the order before passing the order to a securities exchange, wherein the embedded hardware instructions are non-transitory and are processed without software instructions loaded in volatile computer memory.