Patent ID: 8386371

Claim:
A method for cancelling pending orders for financial articles of trade, comprising: collecting, by one or more collection controllers, data from a plurality of liquidity destinations trading at least one financial article of trade, wherein the data comprises disparate data corresponding to associated liquidity destinations; normalizing, by one or more processors, the collected data into a standardized form; defining, by one or more processors, a condition of a trading market comprising one or both submitted and executed transactions of financial articles of trade over the plurality of liquidity destinations; associating, by one of more processors, the defined condition with an entity; identifying, by one or more processors, an event in the trading market matching the condition from the normalized data; based on the matching, terminating, by one or more switches, at least one communication session between the entity and a corresponding liquidity destination; and cancelling, by one or more processors, pending orders from the entity.