Techniques for automated call cross trade imbalance execution

US11625780B1 · kind B1 · utility

Assignee

• STATE STREET BANK AND TRUST COMPANY · GB

Inventors

• Alan F. McKenzie · Leatherhead, GB
• Mark Snyder · Wellesley, US
• Harsha Bhat · Redwood City, US

Key dates

• Filing date: May 28, 2021
• Grant date: Apr 11, 2023
• Expiry date: May 28, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/03
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Various embodiments are generally directed to techniques for automated call cross trade imbalance execution. Techniques described herein may provide an automated crossing solution for buy-side clients that limits position information to banks and individuals prior to setting a benchmark rate for foreign exchange. In some embodiments, clients may roll forward spot trades with a chosen counterparty bank, which is then sent to a centralized, automated, bank platform. Techniques described herein may offer a multi-bank platform solution that accepts trades, validates trades, performs credit checks, and executes trades in a manner that limits knowledge of position information prior to setting a benchmark rate. Further, proposed techniques include determining a trade imbalance and automatically executing the determined trade imbalance in a manner such that market impact is minimalized. In some embodiments, trade imbalances may be calculated on a bank-by-bank basis, thus allowing each bank to execute its own trade imbalance. Other embodiments are described.