Patent ID: 7657474

Claim:
A system for detecting a trading compliance violation for a fixed income security, the system comprising: a processor; and a processor readable storage medium in communication with the processor, wherein the processor readable storage medium contains one or more programming instructions for: receiving data associated with a plurality of fixed income security transactions involving one or more fixed income securities, wherein the data comprises data representative of a plurality of events and a plurality of entities, wherein the plurality of events and the plurality of entities are not predetermined to be related; identifying a behavior of interest comprising one or more sequence detection requirements that is indicative of a trading compliance violation by determining, for one or more of the fixed income securities, whether a price spread between a volume weighted average price of buys associated with the fixed income security on a current day and a volume weighted average price of sells associated with the fixed income security on the current day exceeds a threshold value; determining, by a computing device, whether one or more groups of the transactions and the entities collectively satisfy at least one of the one or more sequence detection requirements; if so, assigning a corresponding priority to each group; and generating an alert comprising one or more of the groups and the corresponding priority.