Amy C Mccormick

US Patent:

20140330700, Nov 6, 2014

Filed:

Jul 17, 2014

Appl. No.:

14/334048

Inventors:

- Chicago IL, US
Amy McCormick - Chicago IL, US

International Classification:

G06Q 40/04

US Classification:

705 37

Abstract:

The disclosed embodiments relate to a mechanism which may restrict or otherwise manage the extent of exposure of any particular market participant within the price movement threshold of a market protection system which interrupts market activity during extreme events, as well as to a mechanism for controlling risk of loss which acts to reduce or otherwise manage a market participant's ability to concentrate their exposure, or risk of loss, within a range of price levels and/or within correlated products that could be executed upon before the market participant, or other entity responsible for the activities thereof, e.g. a risk manager, has an opportunity to react to rapid market movement. Such a mechanism, once the market protection system had activated, e.g. by placing the market in reserve, may permit the market participant, or other party, the opportunity to modify or cancel unexecuted orders to mitigate potential losses.