Patent ID: 8612337

Claim:
A method in a computerized system for conversion of OTC FX positions from one or more OTC platforms, into standardized futures contracts processable at a traditional futures clearing house, each OTC FX position having a value date, the method comprising the steps of: defining, in a first computer processor, a plurality of tenors, the number of tenors being less than the number of OTC value dates of the OTC FX positions; defining, in a second computer processor, a standardized futures contract processable at the clearing house, corresponding to each defined tenor; mapping each OTC FX position, as it is executed on one of the OTC platforms, into one or more processable standardized futures contract positions, based on the value date of the OTC FX position; forwarding the mapped standardized futures contract positions to the clearing house; on change of business days, generating a futures contract position opposite to the mapped futures contract position, thereby closing out the mapped futures contract position, and generating a new processable standardized futures contract position based on the value date of the OTC position being one business day closer; and forwarding the generated new standardized futures contract positions to the clearing house.