Patent ID: 7778915

Claim:
A method of processing financial articles of trade comprising: collecting real time data directly from a plurality of liquidity destinations trading at least one financial article of trade, the real time data including information on submitted and completed transactions of financial articles of trade, wherein the real time data comprises disparate data of varying formats corresponding to associated liquidity destinations; aggregating the real time data collected from the plurality of liquidity destinations; normalizing the real time data that is collected and aggregated into a standardized form; streaming the real time data in the standardized form; identifying by a computer relevant portions of the streamed real time data comprising an identified transaction which an entity is financially liable as one of a chain of parties involved in affecting the identified transaction, wherein the entity was previously unaware of its submission to one of the plurality of liquidity destinations because another party in the chain of parties submitted the identified transaction; establishing user defined criteria to define a situation; comparing by an analysis component of the computer the relevant portions of the streamed real time data, comprising one or more transactions of which the entity is financially liable and including the identified transaction, against the user defined criteria; and identifying the situation when the relevant portions of the streamed real time data matches the user defined criteria for purposes of performing risk management for the entity.