Out of Band Credit Control

Abstract

Systems, apparatuses, methods, and computer readable media may be configured for informing a first node of a first fine precision algorithm for calculating a first credit utilization associated with a trading entity, and of whether to use a first coarse precision algorithm instead of the first fine precision algorithm as long as the first credit utilization remains below a first credit threshold, receiving first credit information data from the first node and second credit information data associated with the trading entity from a second node, and determining aggregate credit information data for the trading entity based on the first credit utilization data and the second credit utilization data.

1 . A method comprising:
 processing a first request by a processor of a node server, wherein the first request comprises one of an order request or a trade request and is associated with a trading entity;   determining, by the processor and using a first algorithm, a credit utilization of the trading entity at a first time;   processing a second request by the processor, wherein the second request comprises one of an order request or a trade request and is associated with the trading entity; and   determining, by the processor and using a second algorithm different from the first algorithm, a credit utilization of the trading entity at a second time.   
     
     
         2 . The method of  claim 1 , wherein one of the first algorithm and the second algorithm is a coarse precision algorithm and the other of the first algorithm and the second algorithm is a fine precision algorithm. 
     
     
         3 . The method of  claim 2 , wherein the coarse precision algorithm is executable more quickly and provides a less accurate determination of credit utilization than the fine precision algorithm. 
     
     
         4 . The method of  claim 2 , wherein the coarse precision algorithm comprises a Taylor approximation and the fine precision algorithm comprises a value at risk calculation for every order and trade. 
     
     
         5 . The method of  claim 2 , wherein
 the coarse precision algorithm increments or decrements a previously-calculated worst case exposure, and   the fine precision algorithm calculates risk arrays.   
     
     
         6 . The method of  claim 1 , wherein the processor uses the second algorithm instead of the first algorithm to determine the credit utilization of the trading entity at the second time as a result of a credit utilization of the trading entity exceeding a credit threshold. 
     
     
         7 . The method of  claim 1 , wherein the processor uses the second algorithm instead of the first algorithm to determine the credit utilization of the trading entity at the second time as a result of an instruction from a management server. 
     
     
         8 . An apparatus comprising:
 at least one processor; and   at least one memory storing executable instructions that, when executed by the at least one processor, cause the apparatus at least to perform
 processing a first request, wherein the first request comprises one of an order request or a trade request and is associated with a trading entity, 
 determining, using a first algorithm, a credit utilization of the trading entity at a first time, 
 processing a second request, wherein the second request comprises one of an order request or a trade request and is associated with the trading entity, and 
 determining, using a second algorithm different from the first algorithm, a credit utilization of the trading entity at a second time. 
   
     
     
         9 . The apparatus of  claim 8 , wherein one of the first algorithm and the second algorithm is a coarse precision algorithm and the other of the first algorithm and the second algorithm is a fine precision algorithm. 
     
     
         10 . The apparatus of  claim 9 , wherein the coarse precision algorithm is executable more quickly and provides a less accurate determination of credit utilization than the fine precision algorithm. 
     
     
         11 . The apparatus of  claim 9 , wherein the coarse precision algorithm comprises a Taylor approximation and the fine precision algorithm comprises a value at risk calculation for every order and trade. 
     
     
         12 . The apparatus of  claim 9 , wherein
 the coarse precision algorithm increments or decrements a previously-calculated worst case exposure, and   the fine precision algorithm calculates risk arrays.   
     
     
         13 . The apparatus of  claim 8 , wherein the apparatus uses the second algorithm instead of the first algorithm to determine the credit utilization of the trading entity at the second time as a result of a credit utilization of the trading entity exceeding a credit threshold. 
     
     
         14 . The apparatus of  claim 8 , wherein the apparatus uses the second algorithm instead of the first algorithm to determine the credit utilization of the trading entity at the second time as a result of an instruction from a management server. 
     
     
         15 . A non-transitory computer readable medium storing executable instructions that, when executed, cause an apparatus to perform operations comprising:
 processing a first request, wherein the first request comprises one of an order request or a trade request and is associated with a trading entity;   determining, using a first algorithm, a credit utilization of the trading entity at a first time;   processing a second request, wherein the second request comprises one of an order request or a trade request and is associated with the trading entity; and   determining, using a second algorithm different from the first algorithm, a credit utilization of the trading entity at a second time.   
     
     
         16 . The non-transitory computer readable medium of  claim 15 , wherein one of the first algorithm and the second algorithm is a coarse precision algorithm and the other of the first algorithm and the second algorithm is a fine precision algorithm. 
     
     
         17 . The non-transitory computer readable medium of  claim 16 , wherein the coarse precision algorithm is executable more quickly and provides a less accurate determination of credit utilization than the fine precision algorithm. 
     
     
         18 . The non-transitory computer readable medium of  claim 16 , wherein the coarse precision algorithm comprises a Taylor approximation and the fine precision algorithm comprises a value at risk calculation for every order and trade. 
     
     
         19 . The non-transitory computer readable medium of  claim 16 , wherein
 the coarse precision algorithm increments or decrements a previously-calculated worst case exposure, and   the fine precision algorithm calculates risk arrays.   
     
     
         20 . The non-transitory computer readable medium of  claim 15 , wherein the apparatus uses the second algorithm instead of the first algorithm to determine the credit utilization of the trading entity at the second time as a result of a credit utilization of the trading entity exceeding a credit threshold. 
     
     
         21 . The non-transitory computer readable medium of  claim 15 , wherein the apparatus uses the second algorithm instead of the first algorithm to determine the credit utilization of the trading entity at the second time as a result of an instruction from a management server.