Computer-implemented system and method for clearing a derivative trade involving multiple trading exchanges
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United States of America Patent
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Jul 19, 2016
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N/A
app pub date -
Dec 19, 2012
filing date -
Dec 19, 2012
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Abstract
A derivative trade order at a home marketplace is routed to an away market place having a better price for a counter position to the order where it is executed. The executed order triggers creation of a “balance derivative trade” at the home marketplace to balance at a home clearing house the away trade. The home clearing house uses the balance derivative trade to create derivative positions of the balance derivative trade and informs a balancing clearing entity which manages the balance derivative trade obligations. The balance derivative trade order account permits netting and reduced margin benefits for the trading participant. A dual derivative exercise operation allows balance derivative positions to be performed in one day to reduce overnight risk for the clearing entity.
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