TECHNIQUES FOR AUTOMATED CALL CROSS TRADE IMBALANCE EXECUTION

摘要

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.

主权项

1. A computer-implemented method, comprising:
receiving one or more trades at a centralized system including one or more processors and a non-transitory computer-readable storage medium; validating, by the one or more processors, the one or more trades based upon one or more validation criteria; performing a credit check, by the one or more processors, on one or more clients associated with the one or more trades; automatically performing, by the one or more processors, a netting of the one or more trades; automatically calculating, by the one or more processors, a trade imbalance based upon the netting of the one or more trades; automatically executing, by the one or more processors, the calculated trade imbalance over a defined period of time; and storing one or more executed trades in the non-transitory computer-readable storage medium.