System and method for detecting fraud and insider trading
US12412183B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 21, 2023 |
| Grant date | Sep 9, 2025 |
| Priority date | — |
| Expiry date | Jun 21, 2043 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method may detect rogue trading by detecting a subset of trades among a plurality of trades, where each trade in the subset does not meet a trade surveillance system threshold, and does meet a trade surveillance system threshold within a tolerance, and each trade falls within the same time period. A ratio of the subset of trades to the plurality of trades may be determined. If the ratio is above a threshold, it may be determined that the subset of trades corresponds to undesirable trading. Undesirable trading may be determined using an additional factor, based on a weighted average of, for each of a trade surveillance system threshold, the number of trades in the subset meeting the trade surveillance system threshold within a tolerance and not meeting a trade surveillance threshold, times a weight based on the position of the threshold in the trade surveillance system.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.