Patent ID: 8086519

Claim:
An apparatus, comprising: at least one processor; and at least one memory device electronically coupled to the at least one processor, wherein the memory device stores instructions which, when executed by the at least one processor, direct the at least one processor to: determine that a location of a mobile device is within an approved trading area, wherein a user of the mobile device is permitted to execute trades of financial instruments via the mobile device when the mobile device is used by the user within approved trading areas, wherein the user is prohibited from executing trades of financial instruments via the mobile device when the mobile device is used by the user within unapproved trading areas, and wherein the apparatus is operable to communicate with the mobile device via a wireless communications network; receive from the user via the mobile device, while the location of the mobile device is within the approved trading area, a request to execute a trade of a financial instrument; and based at least in part on determining that the location of the mobile device is within the approved trading area, execute the trade of the financial instrument; subsequent to determining that the location of the mobile device is within the approved trading area, determine that a location of the mobile device is within an unapproved trading area; receive from the user via the mobile device, while the location of the mobile device is within the unapproved trading area, a request to execute another trade of the financial instrument; and based at least in part on determining that the location of the mobile device is within the unapproved trading area, not execute the another trade of the financial instrument.