Goldman Sachs & Co Patent applications |
Patent application number | Title | Published |
20150081510 | Secured Pension Note - Various aspects of the present disclosure generally relate to facilitating the structuring, issuing, valuing, and redeeming of debt securities, which in turn may be used to fund retirement plans. More specifically, aspects of the present disclosure relate to a Secured Pension Note (the “Note”). In some aspects, for example, Note can be structured to have an initial principal necessary to fully (or partially) fund a pension plan. That is, the plan sponsor contributes the Note to the plan, subject to terms agreed to by an independent fiduciary, to fund the plan. An amount equal to the initial principal amount of the Note is posted as collateral to a third-party. The terms of the Note provide that after the contribution, the principal amount of the Note may be adjusted based on the funded status of the plan (excluding the value of the Note). Upon termination, a portion or all of the funds may be distributed to the pension plan, the plan sponsor, or other third-party. | 03-19-2015 |
20150073966 | Method And Apparatus For Processing And Routing Transactions - Option orders are processed by receiving an option order, the option order including information identifying a customer, and information identifying a desired option. One of a plurality of option exchanges is selected to complete the option order, the selecting based on information identifying the customer and the desired option. In some embodiments, a routing rule is selected based on the information identifying a customer. | 03-12-2015 |
20140344133 | Basket Option Hedging Method - A method and system for hedging a correlation risk associated with a basket option that includes a plurality of securities that includes the step of selecting at least two of the plurality of securities and, in the next step, forming a best-of option for the at least two of the plurality of securities. Finally, the best-of option is combined with the basket option to hedge the correlation risk associated with the basket option. | 11-20-2014 |
20140304284 | Method And System For Processing Raw Financial Data Streams To Produce And Distribute Structured And Validated Product Offering Objects - A real time information manager which processes raw data from data providers, such as feeds of current information about financial product offerings, is provided. Raw data objects received from various data providers are analyzed, formatted, and a current version of each unique data object is stored in an object storage pool. Information about the state of each objects is transmitted on a particular output data channel in accordance with the type of object. A subscriber process can access one or more of the data channels and utilize the broadcast data. In one configuration, one or more client managers are provided which subscribe to particular data channels and serve as an intermediary between the real time information manager and sets of clients. | 10-09-2014 |
20140281539 | Secure Mobile Framework With Operating System Integrity Checking - Systems and methods for a secure mobile framework to securely connect applications running on mobile devices to services within an enterprise are provided. Various embodiments provide mechanisms of securitizing data and communication between mobile devices and end point services accessed from a gateway of responsible authorization, authentication, anomaly detection, fraud detection, and policy management. Some embodiments provide for the integration of server and client-side security mechanisms, and for the binding of a user/application/device to an endpoint service along with multiple encryption mechanisms. For example, the secure mobile framework provides a secure container on the mobile device, secure files, a virtual file system partition, a multiple level authentication approach (e.g., to access a secure container on the mobile device and to access enterprise services), and a server side fraud detection system. In some embodiments, the multiple level authentication approach can include an operating system integrity check as part of the secure mobile framework. | 09-18-2014 |
20140245378 | SECURE MOBILE FRAMEWORK - Systems and methods for a secure mobile framework to securely connect applications running on mobile devices to services within an enterprise are provided. Various embodiments provide mechanisms of securitizing data and communication between mobile devices and end point services accessed from a gateway of responsible authorization, authentication, anomaly detection, fraud detection, and policy management. Some embodiments provide for the integration of server and client side security mechanisms, binding of a user/application/device to an endpoint service along with multiple encryption mechanisms. For example, the secure mobile framework provides a secure container on the mobile device, secure files, a virtual file system partition, a multiple level authentication approach (e.g., to access a secure container on the mobile device and to access enterprise services), and a server side fraud detection system. | 08-28-2014 |
20140245377 | SECURE MOBILE FRAMEWORK - Systems and methods for a secure mobile framework to securely connect applications running on mobile devices to services within an enterprise are provided. Various embodiments provide mechanisms of securitizing data and communication between mobile devices and end point services accessed from a gateway of responsible authorization, authentication, anomaly detection, fraud detection, and policy management. Some embodiments provide for the integration of server and client side security mechanisms, binding of a user/application/device to an endpoint service along with multiple encryption mechanisms. For example, the secure mobile framework provides a secure container on the mobile device, secure files, a virtual file system partition, a multiple level authentication approach (e.g., to access a secure container on the mobile device and to access enterprise services), and a server side fraud detection system. | 08-28-2014 |
20140244471 | METHOD AND SYSTEM FOR MATCHING SHORT TRADING POSITIONS WITH LONG TRADING POSITIONS - A system and method for automatically matching short and long positions of participants and automatically generating repurchase agreements (“repo”) and reverse repurchase agreements (“reverse repo”). The system and method provide trading anonymity and various filtering options for the members. | 08-28-2014 |
20140222643 | Foreign Exchange Covered Warrant System And Structure - A financial data processing system includes a foreign exchange (FX) certificate management system, a covered warrant management processor, and a trade processing system. The FX certificate management system includes a computer system configured to structure a zero-coupon FX certificate. The certificate is structured to have a redemption value that is determined based on a currency exchange rate measured at a time of maturity of the certificate. The covered warrant management processor includes a computer system configured to structure a FX covered warrant product based on an underlyer that includes a foreign exchange certificate structured by the FX certificate management system. The trade processing system includes a database storing buy and sell related data and tracking investor portfolio information, and a user interface system to generate user interface display screens enabling interaction with a user. | 08-07-2014 |
20140207645 | Method For Structuring A Transaction - In one embodiment the present invention relates to a method for structuring a transaction involving a first party having a long position in a security and a second party desiring to acquire short exposure to the security. In one example an agent or intermediary acts between the first party and the second party. In another example the first party and the second party deal directly with one another. | 07-24-2014 |
20140207643 | METHOD AND SYSTEM FOR AUTOMATED TRANSACTION COMPLIANCE PROCESSING - A system for automated transaction compliance processing comprises a list server providing access to one or more lists of securities with trading restrictions and a rules engine which processes compliance requests to determine if, based upon the relationship between the requesting party and the company on behalf the compliance is being performed, the transaction is permissible. Compliance determinations are made using a set of predefined compliance rules. When a request is evaluated, a compliance rule set indicating which rules are to be evaluated at that time is generated in accordance with a party profile indicating the relationship between the party and the company. A message indicating whether the transaction complies with trading restrictions is then returned. | 07-24-2014 |
20140172685 | COLLATERALIZED LOANS WITH PERIODIC DRAWS SUBJECT TO A TRIGGERING EVENT - This document describes techniques for implementing a collateralized loan with periodic draws subject to a triggering event. These techniques include receiving funds from a client and establishing a credit line collateralized by the funds. The techniques may further include periodically dispensing an amount from the credit line upon occurrence of a predetermined event (e.g., the client's attainment of a certain age) and until death of the client. At the death of the client, any remaining funds may then be released to, for example, the client's estate. | 06-19-2014 |
20140172667 | Method And Apparatus For Reference Data Scrubbing - A system, medium storing processor-executable process steps, method and apparatus for supporting a derivative transaction, the method including receiving data identifying a reference entity participating in the derivative transaction; receiving data identifying at least a first reference obligation associated with the derivative transaction; identifying a contractual relationship between the reference entity and the at least first reference obligation; and generating a data record associated with the derivative transaction, the data record including the data identifying said reference entity, the data identifying the at least first reference obligation, and data identifying said contractual relationship, wherein the data record is verified as accurate as of an issue date of the derivative transaction. | 06-19-2014 |
20140164200 | Financial Transaction Modeling System - Systems and methods are provided to model financial transactions. According to some embodiments, simple events, branch events, composite events, and/or contingent events associated with a financial transaction are defined. The events may then be used to automatically manage the transaction during the transaction's lifecycle. | 06-12-2014 |
20140164053 | Method, Software Program, And System For Ranking Relative Risk Of A Plurality Of Transactions - A method for ranking relative risk of a plurality of transactions, wherein each of the transactions has associated therewith a plurality of variables. In one embodiment the method includes assigning a value to each of the variables associated with each of the transactions, aggregating the values assigned to each of the variables on a transaction by transaction basis to produce an aggregate risk level for each transaction, and ranking each of the transactions relative to one another based upon the aggregate risk level corresponding to each transaction. A corresponding software program and system are also disclosed. | 06-12-2014 |
20140149274 | METHODS AND APPARATUS FOR OPTIMIZING THE DISTRIBUTION OF TRADING EXECUTIONS - The present invention relates to electronic trading of securities. In some embodiments, the present invention relates to methods and apparatus for optimizing the distribution of trading executions in an investor's accounts. Pursuant to some embodiments, an integer allocation algorithm is provided. | 05-29-2014 |
20140143174 | Method And Apparatus For Evaluating And Monitoring Collateralized Debt Obligations - Systems, methods, apparatus, computer program code and means for evaluating and monitoring collateralized debt obligations (CDOs) are provided which include identifying a first investment including interests in a first plurality of assets, identifying a second investment including interests in a second plurality of assets, identifying a common feature associated with both the first and second plurality of assets, and identifying a relative exposure to risk associated with the common feature. | 05-22-2014 |
20140143125 | Automated Securities Trade Execution System And Method - An automated securities order execution system includes order entering means for a client to enter an order and at least one filtering means for determining whether the order can be automatically executed. Routing means are used for routing the order to a destination based upon the determination made by each of the filtering means. After the order has been properly routed, the order is executed and the result of the order execution is reported to the client. | 05-22-2014 |
20140136447 | APPARATUSES, METHODS AND SYSTEMS FOR A HIGH DENSITY FINANCIAL ASSET INFORMATION DISPLAY - The disclosure details the implementation of an APPARATUSES, METHODS AND SYSTEMS FOR A HIGH DENSITY FINANCIAL ASSET INFORMATION DISPLAY. The disclosure teaches a High Density Financial Asset Information Display which provides a high density, straightforward, unified, compact, dynamic and comprehensive display interface that presents users with a high volume of easy to understand financial asset information including the current buy and sell prices, the current price direction, the amount of time the asset pair is traded at each price, and the change in price over multiple time frames. The High Density Financial Asset Information Display is dynamically updated with the latest financial information and is formatted to convey relevant changes in the information of interest in a way that is easily understood by users. | 05-15-2014 |
20140129407 | Order Fulfillment Method And System - A method and system for filling orders based on time of order entry and liquidity allocation are disclosed. A trading system having an order fulfillment engine, receives orders to trade a financial instrument. Each order may specify an order size and a trade side. The system identifies a trade side with aggregate order size larger than that of an opposing trade side and determines a priority for executing orders on the identified trade side based on available liquidity and time of order entry. The one or more orders on the identified trade side are then executed according to the determined priority. | 05-08-2014 |
20140129406 | Session-Based Electronic Trading Providing Price Improvement - An electronic trading method and system to facilitate order execution at improved prices. In one embodiment, the electronic trading system includes a price improvement module that determines, from aggregated orders, total orders on each trade side. The price improvement module further determines whether an amount of two-sided order interest is at least a predefined amount, and if so, generates an indication to execute one or more of the orders at an improved bid price or an improved ask price. | 05-08-2014 |
20140129405 | Session-Based Electronic Trading And Order Handling - A session based electronic trading and order handling system and method include order handling protocols for processing and distributing order information. In one embodiment, the order handling system receives an order to trade in a financial instrument. The order handling system obtains an order handling rule for communicating certain order attributes to a party and applies the order handling rule to the order to communicate such attributes. | 05-08-2014 |
20140129404 | Session-Based Electronic Trading - An electronic trading method, system, apparatus and platform that facilitate dealer to client trading of financial instruments in a session-based format. In one embodiment, the electronic trading system establishes a trading session for a given financial instrument at a predetermined date and time. The electronic trading system presents a two-sided market and provides a guarantee of a minimum liquidity for the trading session. The electronic trading system then executes client orders based on time of order entry and allocation of available liquidity. | 05-08-2014 |
20140122317 | Universal Interface To A Financial Trading System - A method and system for providing remote access to trade functionality at a financial service provider is disclosed. A messaging protocol is provided which allows a party remote from the provider to price and enter into transactions with the provider. The messaging protocol is well suited for use in stateless communication networks, such as the Internet, and requires only minimal support functionality at the remote site to implement, thus making the system easy to use by a wide variety of types of remote systems. | 05-01-2014 |
20140101074 | Apparatuses, Methods and Systems For A High Density Financial Asset Information Display - The disclosure details the implementation of an APPARATUSES, METHODS AND SYSTEMS FOR A HIGH DENSITY FINANCIAL ASSET INFORMATION DISPLAY. The disclosure teaches a High Density Financial Asset Information Display which provides a high density, straightforward, compact, dynamic and comprehensive display interface that presents users with a high volume of easy-to-understand financial asset information including the current buy and sell prices, the current price direction, the amount of time the asset pair is traded at each price, and the change in price over multiple time frames. The High Density Financial Asset Information Display is dynamically updated with the latest financial information and is updated periodically to provide real time changes in a Sparkline that displays the day low, day high, VWAP of a financial asset in a snapshot of twenty minutes with colored directional arrows with color coded trails. | 04-10-2014 |
20140095498 | Systems And Methods For Facilitating Access To Documents Via A Set Of Content Selection Tags - Systems and methods are provided to facilitate access to documents via a set of content selection tags. According to one embodiment, information is received from a content reader. For example, a content controller may receive information from a content reader via a Web site. A set of content selection tags are then established based on the received information, each content selection tag being associated with a hierarchical tag domain. It is then arranged for the content reader to receive an indication of a document tag in accordance with the set of content selection tags. For example, a content controller may retrieve one or more documents based on a set of content selection tags and document tags and transmit indications of the retrieved documents to a content reader via a Web site. | 04-03-2014 |
20140089227 | Method For Structuring An Obligation - A method for structuring an obligation. More particularly, a method for structuring an interest-bearing obligation which is convertible into stock. | 03-27-2014 |
20140081888 | Methods And Systems For Constructing Risk Parity Portfolios - A method and system for constructing risk parity portfolios wherein the overall portfolio risk is diversified by allocating the risk equally or substantially equally across various portfolio components. The system receives a selection of investments assets, covariance matrix of the assets, and constraints including bounds on the weights of the investment assets. The system optimizes a mathematical formulation that is constrained by the bounds on the weights of the investment assets to generate a solution that is used for constructing a risk parity portfolio having optimal asset allocations that result in a balanced risk contribution. | 03-20-2014 |
20140074548 | Systems And Methods For Managing Information Associated With Legal, Compliance And Regulatory Risk - Some embodiments include a system, method, apparatus and means for managing information associated with risk. In some embodiments, information associated with risk is collected, analyzed, stored, and disseminated. According to some embodiments, the information associated with risk is utilized to identify risk. | 03-13-2014 |
20140067636 | Automated Account Risk Management - A computerized system and method for structuring risk management and assist a financial institution quantify financial, legal, regulatory and reputational risk associated with opening accounts related to management of financial assets and investments and facilitate analysis and quantification of risk. An automated account opening risk management system receives information quantifying factors relating to financial, legal, regulatory and/or reputational risk. The information is utilized to generate a risk quotient or other rating based upon a weighting algorithm applied to the criteria. The risk quotient is indicative of risk associated with an account. The quotient can be monitored on account opening, periodically or during a transaction. A log or other stored history can be created to help mitigate adverse effects relating to a problematic account by demonstrating to regulatory bodies, shareholders, news media and other interested parties that corporate governance is being addressed through tangible risk management processes. | 03-06-2014 |
20140012778 | SYSTEM AND METHOD FOR DETERMINING THE LIQUIDITY OF A CREDIT - The present invention relates to a credit index, a system and method for structuring a credit index, a system and method for operating a credit index, and a system and method for determining the liquidity of a credit. | 01-09-2014 |
20130346280 | Method And Apparatus For Conducting A Transaction - Systems, methods, apparatus, computer program code and means for conducting a transaction are provided. In some embodiments, a unit is issued to a holder including a forward contract and a note, in which the note specifies an initial capped remarketing, at least a first subsequent capped remarketing, and an uncapped remarketing, the uncapped remarketing performed only if each of the capped remarketings fail. | 12-26-2013 |
20130339212 | Method And Apparatus For Listing And Trading A Futures Contract That Physically Settles Into A Swap - According to some embodiments, a futures contract is listed on a futures trading exchange. The futures contract physically settles upon expiration into a reference swap. The reference swap is cleared by a clearing house so that the physical settlement requires that the holder of a reposition in the futures contract upon expiration takes a specified side of the reference swap against the clearing house. The reference swap may for example be a credit default index swap, a single-name credit default swap, an interest rate swap or a yield curve swap. | 12-19-2013 |
20130339211 | FUEL OFFERING AND PURCHASE MANAGEMENT SYSTEM - The present disclosure is directed to facilitating pricing, sales and delivery of a commodity. In one embodiment, a Fuel Offer Generator that facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers may later exercise the fuel offers so their fuel costs are locked-in at desired levels. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. A customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator employs a geographical fuel pump location metric as well as consumer purchasing behavior to establish the pricing of fuel offerings. | 12-19-2013 |
20130339210 | FUEL OFFERING AND PURCHASE MANAGEMENT SYSTEM - The present disclosure is directed to facilitating pricing, sales and delivery of a commodity. In one embodiment, a Fuel Offer Generator facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers may later exercise the fuel offers so their fuel costs are locked-in at desired levels. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator allows for the management of regional fuel price offerings and allows for fuel offering redemption based on fuel pump prices. | 12-19-2013 |
20130311353 | Foreign Exchange Trading System - Computer-implemented trading of financial products can include using a first communication channel to stream offering data for a plurality of different financial products from a server to a trading terminal. A second communication channel can be used to receive request for offers about ones of the financial products from the trading terminal. Such request can include user-specified parameters that modify or further specify characteristics of the desired products. Offers may then be determined for the product in accordance with the user-specified parameters and transmitted (over the second communication channel) back to the trading terminal. Each communication channel can be allocated a different priority and/or different level of system processing resources to optimize the allocation of system resources based on the criticality of data on each channel. | 11-21-2013 |
20130311349 | Model-Based Selection Of Trade Execution Strategies - Effective selection of trade execution strategies using a multi-dimensional model is disclosed. A relationship exists between order difficulty and execution strategy. Execution strategy depends on order difficulty, and order difficulty has many dimensions. The multi-dimensional model classifies trade orders according to the dimensions, and then maps these classified trade orders into suitable execution strategies. For each trade order, one or more appropriate strategies are automatically selected and presented to the trader to assist the trader in making an informed and timely decision. | 11-21-2013 |
20130305256 | Systems And Methods To Allocate Application Tasks To A Pool Of Processing Machines - Systems and methods are provided to allocate application tasks to a pool of processing machines. According to some embodiments, a requestor generates a scope request including an indication of a number of compute units to be reserved. The requestor also provides an application request associated with the scope. A subset of available processing machines may then be allocated to the scope, and the application request is divided into a number of different tasks. Each task may then be assigned to a processing machine that has been allocated to the application request. According to some embodiments, each task is associated with a deadline. Moreover, according to some embodiments an overall cost is determined and then allocated to the requestor based on the number of compute units that were reserved for the scope. | 11-14-2013 |
20130275612 | SYSTEMS AND METHODS FOR SCALABLE STRUCTURED DATA DISTRIBUTION - Systems and methods for efficiently absorbing, archiving, and distributing any size data sets are provided. Some embodiments provide flexible, policy-based distribution of high volume data through real time streaming as well as past data replay. In addition, some embodiments provide for a foundation of solid and unambiguous consistency across any vendor system through advanced version features. This consistency is particularly valuable to the financial industry, but also extremely useful to any company that manages multiple data distribution points for improved and reliable data availability. | 10-17-2013 |
20130246401 | Method, System, Apparatus, Program Code And Means For Determining A Redundancy Of Information - Some embodiments include a system, method, apparatus and means for determining that first information in an input data packet is not redundant with second information previously stored in a database system, includes receiving the input data packet, generating a database query based on one or more tagged portions in the input data packet, comparing second information retrieved by the database query with the first information to identify at least a first portion of the first information that is different than the second information, and causing storage of the at least a first portion of the first information in the database system. | 09-19-2013 |
20130246242 | Apparatuses, Methods And Systems For A Periodic Auction Reset Securities Optimization Engine - Dynamic management of one or more portfolios of securities, in particular, portfolios of Periodic Auction Reset Securities (PARS) is disclosed. The dynamic management for the specification of rules for investor accounts by which optimization of this type of portfolio may occur and allows financial institutions or other wealth management entities to easily maintain and invest in PARS holdings for multiple accounts. For example, the dynamic management systems and methods can provide for the maintenance of a large number of separate accounts that contain PARS, centralize the maintenance of PARS positions, allow management of central PARS accounts in line with guidelines specified in one or more account profiles, allow sales traders to specify additional guidelines, and/or automate account analysis, trade generation and/or participation in the auction process. | 09-19-2013 |
20130238528 | COLLATERALIZED LOANS WITH PERIODIC DRAWS SUBJECT TO A TRIGGERING EVENT - This document describes techniques for implementing a collateralized loan with periodic draws subject to a triggering event. These techniques include receiving funds from a client and establishing a credit line collateralized by the funds. The techniques may further include periodically dispensing an amount from the credit line upon occurrence of a predetermined event (e.g., the client's attainment of a certain age) and until death of the client. At the death of the client, any remaining funds may then be released to, for example, the client's estate. | 09-12-2013 |
20130227696 | Automated Security Management - A computerized method and system for managing security risk, where risk associated with a breach of security is analyzed and quantified according to weighted risk variables. The analysis is accomplished by a computerized security risk management system that receives information relating to physical, informational, communication and surveillance risk, and structures the information such that it can be related to risk variables and a security risk level can be calculated according to a relevance of associated risk variables. The security risk level can be indicative of a likelihood that a breach of security may occur relating to a particular transaction or facility. Similarly, a security confidence level can be indicative of how secure a particular facility or practice is and a security maintenance level can be indicative of a level of security that should be maintained in relation to an analyzed subject. | 08-29-2013 |
20130218737 | Independent Research Consensus Earnings Estimates And Methods Of Determining Such - Apparatus and methods are described for correlating business relationships and issuing earnings estimates. According to the present invention, an earnings estimate can be generated for a company as it compares to a consensus estimate, or other rating aggregate, along with an indication of an investment banking relationship or other business relationship that the entity providing the estimate has had with the company. In addition to a consensus estimate that may be based upon current and previous analyst earnings estimates, operating actuals, expected reporting dates, footnotes and company-issued guidelines, indications of investment banking relationships and a consensus estimate is provided that excludes input from banks conducting business with the company. The present invention can also include suggested actions that can be taken based upon data relating to an investment banking relationship, an earnings estimate and/or a consensus earnings estimate that excludes input from banks with substantial business relationships with the company. | 08-22-2013 |
20130195263 | System And Method For Identifying Billing Errors - a system, method, apparatus, and computer program code for identifying billing discrepancies includes receiving billing data from a billing entity, the billing data including an assessed fee and call details associated with each of a plurality of calls made by a customer, identifying, based at least in part on the call details received from the billing data, rate information associated with the customer, generating an expected tee for each of the plurality of calls, and comparing, for each of the plurality of calls, the expected fee with the assessed fee to identify discrepancies. | 08-01-2013 |
20130073482 | Hedge Fund Risk Management - A computerized method and system for managing risk associated with a Hedge Fund is disclosed. Information relating to Hedge Funds is gathered and stored as data in preparation for a risk inquiry search relating to a Hedge Fund. Documents and sources of information can also be stored. A subscriber, such as a Financial Institution, can submit a Hedge Fund descriptor for which a risk inquiry search can be performed. The risk assessment or inquiry search can include data retrieved resultant to augmented retrieval methods. Scrubbed data as well as augmented data can be transmitted from a risk management clearinghouse to a subscriber or to a proprietary risk system utilized by a subscriber, such as a risk management system maintained in-house. Risk inquiry searches can be automated and made a part of standard operating procedure for any transaction conducted by the subscriber in which a Hedge Fund is involved. | 03-21-2013 |
20130030982 | Model-Based Selection Of Trade Execution Strategies - Effective selection of trade execution strategies using a multi-dimensional model is disclosed. A relationship exists between order difficulty and execution strategy. Execution strategy depends on order difficulty, and order difficulty has many dimensions. The multi-dimensional model classifies trade orders according to the dimensions, and then maps these classified trade orders into suitable execution strategies. For each trade order, one or more appropriate strategies are automatically selected and presented to the trader to assist the trader in making an informed and timely decision. | 01-31-2013 |
20130018664 | CONSTRUCTION INDUSTRY RISK MANAGEMENT CLEARINGHOUSE - Systems, methods, apparatus, computer program code and means for gathering, organizing and presenting on a real time basis information pertinent to Risks associated with subjects related to the Construction Industry. Risks associated with the Construction Industry can be managed by gathering data relevant to the Construction Industry from multiple sources and aggregating the gathered data according to one or more Risk variables. An inquiry relating to a Risk subject can be received and portions of the aggregated data can be associated with the Risk subject. The associated portions of the aggregated data can be transmitted to an entity placing the inquiry or other designated destination. | 01-17-2013 |
20120324030 | System and Method for Message Processing and Routing - A message routing system that allows applications at either end of the system to run as-is without modification. The system functions in a multithreaded environment and is capable of handling complex routing rules and message transformation. It is also capable of learning and executing new routing rules and message transformations in formats previously unrecognized by the system. The system enables precise and reliable logging of messages throughout processing and supports publication of enterprise-wide broadcast messages. The system further preferably employs cooperating inbound and outbound transport processes for consuming, routing, processing, safely storing and publishing messages in batches of logical units of work to ensure that the logical units of work are not lost in system transactions. The system also preferably utilizes a replay server for preserving and replaying messages that might otherwise fail to reach their intended destinations. | 12-20-2012 |
20120323819 | Method And System For Simulating Implied Volatility Surfaces For Basket Option Pricing - A method and system for simulating changes in volatility for a price of a particular option on an underlying financial instrument is disclosed. A volatility surface model having at least one surface parameter is provided along with a set of volatilities for a plurality of options on the underlying financial instrument. The set of volatilities is analyzed to determine an initial value for each surface parameter which, when used in the surface model, defines a surface approximating the set of volatilities. The values of the surface parameters are then evolved using an appropriate evolution function. A volatility value for a particular option is extracted from the volatility surface defined by the evolved surface parameter values. The extracted volatility value can then be used in an option pricing model to provide a price of the particular option. The volatility of a basket options valued relative to the performance of multiple components can be simulated by determining the value of surface parameters for options on the component securities and then combining the component surface parameters to determine surface parameters for a volatility surface of the basket. | 12-20-2012 |
20120323773 | BIOMETRIC RISK MANAGEMENT - The present invention provides methods and systems for managing Risk by associating a biometric profile with other data relevant to a Risk subject. Computerized systems can receive informational data that relates generally to Risk variables and relate the information to known biometric profiles. Compiled information can be situated and conveyed to a compliance department and be able to demonstrate to regulators that a financial institution has met standards relating to Risk containment. | 12-20-2012 |
20120317012 | Methods And Apparatus For Optimizing The Distribution Of Trading Executions - The present invention relates to electronic trading of securities. In some embodiments, the present invention relates to methods and apparatus for optimizing the distribution of trading executions in an investor's accounts. Pursuant to some embodiments, as integer allocation algorithm is provided. | 12-13-2012 |
20120311089 | System and Method for Message Processing and Routing - A message routing system that allows applications at either end of the system to run as-is without modification. The system functions in a multithreaded environment and is capable of handling complex routing rules and message transformation. It is also capable of learning and executing new routing rules and message transformations in formats previously unrecognized by the system. The system enables precise and reliable logging of messages throughout processing and supports publication of enterprise-wide broadcast messages. The system further preferably employs cooperating inbound and outbound transport processes for consuming, routing, processing, safely storing and publishing messages in batches of logical units of work to ensure that the logical units of work are not lost in system transactions. The system also preferably utilizes a replay server for preserving and replaying messages that might otherwise fail to reach their intended destinations. | 12-06-2012 |
20120310815 | METHOD AND SYSTEM FOR AUTOMATED TRANSACTION COMPLIANCE PROCESSING - A system for automated transaction compliance processing comprises a list server providing access to one or more lists of securities with trading restrictions and a rules engine which processes compliance requests to determine if, based upon the relationship between the requesting party and the company on behalf the compliance is being performed, the transaction is permissible. Compliance determinations are made using a set of predefined compliance rules. When a request is evaluated, a compliance rule set indicating which rules are to be evaluated at that time is generated in accordance with a party profile indicating the relationship between the party and the company. A message indicating whether the transaction complies with trading restrictions is then returned. | 12-06-2012 |
20120290986 | Management Of Corporate Entities - Systems and methods are provided to facilitate corporate entity management. According to some embodiments, a user interface is provided including an entity selection area allowing selection of at least one corporate entity from a plurality of corporate entities, and a plurality of selectable elements, each of the selectable elements being selectable to cause presentation of an associated area, wherein an area associated with each of the plurality of selectable elements presents information relating to the at least one corporate entity and to the associated selectable element. | 11-15-2012 |
20120278279 | Methods Of Operating Computer System With Data Availability Management Software - According to some embodiments, a method includes running a first application program on a computer system, running a second application program on the computer system, and running a data availability manager (DAM) program on the computer system. The first application program is operative to indicate to the DAM program that a first data item processed by the first application program is available for further processing. The DAM program is operative to determine a second data item that is dependent for processing upon availability of the first data item and to indicate to the second application program that the second data item is ready for processing. | 11-01-2012 |
20120271753 | Automated Securities Trade Execution System And Method - An automated securities order execution system includes order entering means for a client to enter an order and at least one filtering means for determining whether the order can be automatically executed. Routing means are used for routing the order to a destination based upon the determination made by each of the filtering means. After the order has been properly routed, the order is executed and the result of the order execution is reported to the client. | 10-25-2012 |
20120265675 | Proprietary Risk Management Clearinghouse - A computerized risk management method and system for facilitating analysis and quantification of risk associated with a risk subject on a proprietary basis. A proprietary risk management system combines gathered information with information received from a source such as an automated risk management clearinghouse system and maintains a database to relate risk variables and calculate a measurement of risk. The measurement, which can be a risk quotient or other rating based upon a weighted algorithm applied to the risk variables, is indicative of risk associated with the risk subject. Actions commensurate with a risk quotient can be presented to a user to facilitate management of risk associated with a particular entity or transaction or other transaction. A stored history can be created to mitigate adverse effects relating to a problematic transaction. | 10-18-2012 |
20100138354 | Construction Industry Risk Management Clearinghouse - Systems, methods, apparatus, computer program code and means for gathering, organizing and presenting on a real time basis information pertinent to Risks associated with subjects related to the Construction Industry. Risks associated with the Construction Industry can be managed by gathering data relevant to the Construction Industry from multiple sources and aggregating the gathered data according to one or more Risk variables. An inquiry relating to a Risk subject can be received and portions of the aggregated data can be associated with the Risk subject. The associated portions of the aggregated data can be transmitted to an entity placing the inquiry or other designated destination. | 06-03-2010 |
20090070237 | DATA RECONCILIATION - Reconciling corresponding data reported by multiple data sources and pertaining to hardware, software, and telecommunications assets distributed throughout an organization is described. In one aspect, a reconciliation framework receives data maintained by a first data source and pertaining to a portion of the hardware, software, and telecommunications assets distributed throughout the organization. The reconciliation framework then also receives data maintained by a second data source and pertaining to the portion of the hardware, software, and telecommunications assets distributed throughout the organization. The reconciliation framework then compares the data maintained by the first data source to the data maintained by the second data source effective to determine differences between the data maintained by the first data source and the data maintained by the second data source. | 03-12-2009 |
20090055907 | Authentification Broker for the Securities Industry - Identity-independent authentication tokens enable issuance of a single strong credential that can be mapped to an individual at each of multiple accounts within the online world. An issuer generates one or more authentication tokens for issuance to individuals or other entities. In some instances, each of these authentication tokens comprises a unique serial number. The individual or other entity may then request an authentication token from the issuer. The issuer may then issue the token to the individual without the need to ask or require the individual to identify his or herself. The individual may then map this issued authentication token to the individual's password at each of the individual's online accounts. | 02-26-2009 |
20090037232 | Loans Collateralized by Life Insurance Policies - This document describes techniques pertaining to loans collateralized by life insurance policies. | 02-05-2009 |
20090018953 | COLLATERALIZED LOANS WITH PERIODIC DRAWS SUBJECT TO A TRIGGERING EVENT - This document describes techniques for implementing a collateralized loan with periodic draws subject to a triggering event. These techniques include receiving funds from a client and establishing a credit line collateralized by the funds. The techniques may further include periodically dispensing an amount from the credit line upon occurrence of a predetermined event (e.g., the client's attainment of a certain age) and until death of the client. At the death of the client, any remaining funds may then be released to, for example, the client's estate. | 01-15-2009 |
20090018873 | Deferred Premium Annuities - Deferred premium annuities and accompanying methods are described herein. In some instances, a deferred premium annuity allows a purchaser (e.g., an individual) to pledge assets rather than pay cash up front to purchase an annuity. In these instances, an annuity provider then issues an annuity to the purchaser. In some instances, the provider then may then receive ownership of or an interest in the pledged assets upon death of the purchaser unless the purchaser pays for the annuity before the death of the purchaser. | 01-15-2009 |
20090012907 | BOND ISSUE RISK MANAGEMENT - The present invention provides an auction system that allows bond issue sales to be offered in an open and transparent manner, wherein, a certain percentage (up to 100%) of bonds in a bond issue can be offered to qualified bidders at a “buy now” pre-auction price, set by an issuer and/or lead manager. Investors can be allowed to “bid some bonds out of the auction process” and thus guarantee their allocation and also allow bidders to participate in an open auction for other bonds. Bonds to be offered in a bond issue can include a subset of pre-auction price bonds and a subset of auction price bonds. The pre-auction price bonds are offered to pre-auction bidders at a pre-auction price, and auction bonds are generally sold to the highest bidder. Pre-auction sales can serve as a catalyst for generating enthusiasm for an associated bond issue auction. | 01-08-2009 |
20080249932 | INDEX-LINKED NOTES WITH PERIODIC COUPONS SUBJECT TO A TRIGGERING EVENT - Index-linked notes with periodic coupons subject to a triggering event, and accompanying methods, are described herein. In some instances, exemplary notes allow a purchaser to purchase a note and receive periodic coupons returned on the note as long as a triggering event does not occur. Assuming that the triggering event does not occur, the purchaser may receive these coupons until the note reaches maturity. Payment of the periodic coupons may cease, however, when a triggering event (e.g., the purchaser's death) does occur. In addition, the amount of the periodic coupons are tied in some manner to a financial index, such as the Bloomberg index, the S&P 500, or the like. | 10-09-2008 |
20080249903 | LONGEVITY AND MORTALITY INDICES AND ASSOCIATED TRADABLE FINANCIAL PRODUCTS - The document describes creation of one or more families of longevity and mortality indices, some or all of which may be tradable. In addition, this document describes tradable derivatives and other financial products whose value or payment obligations may be tied in some manner to one or more of the created longevity and mortality indices. | 10-09-2008 |