TECHNIQUES FOR AUTOMATED CALL CROSS TRADE IMBALANCE EXECUTION

Patent №

US 11,023,970

Granted

2021-06-01

Filed 2018

Owner

STATE STREET BANK AND TRUST COMPANY

Lab

AI components

1

planning

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

16131082

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.

PlanningG06Q 40/04G06Q 40/02G06Q 40/06G06Q 40/03

AI classification

Planning1.00
Knowledge representation0.09
Evolutionary computation0.01
Natural language0.01
Machine learning0.00
Vision0.00
AI hardware0.00
Speech0.00

Ownership

STATE STREET BANK AND TRUST COMPANY

assignment · 607300567

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