Systems for risk portfolio management

Abstract

A switch engine module enables anonymous switches between a first trader and a plurality of second traders. The switch engine module receives interest rate risk portfolios from a plurality of traders, and for each prospective trader, provides available switches based on positions in other counterparty portfolios that offset the viewing traders' positions. The offsetting positions are encoded with credit preference information in order to identify eligible trades based on both counterparties credit preferences. The credit preferences of the participating traders can be taken in consideration in making switches.

That which is claimed is:  
     
         1 . A computer-based system for risk portfolio management that enables switches between a first trader and a plurality of second traders, wherein said first trader and said plurality of second traders are operationally interconnected by a communications network which includes a central processing center, said system comprising: 
 a means for generating a request message by said first trader to facilitate a trade with at least one of said plurality of second traders;    means for sending said request message from said first trader to said plurality of second traders; and    means for presenting said request to said plurality of second traders substantially simultaneously.    
     
     
         2 . The system of  claim 1 , wherein said request message is anonymously presented to said plurality of second traders.  
     
     
         3 . The system of  claim 1 , wherein said request message presented to said plurality of second traders is encoded with credit preference information of said first trader and respective ones of said plurality of second traders.  
     
     
         4 . The system of  claim 1 , wherein said trade is a request to trade an identified financial instrument at a stated price.  
     
     
         5 . The system of  claim 1 , wherein said trade is a switch.  
     
     
         6 . The system of  claim 5 , wherein said request message includes financial instrument risk position information anonymously pertaining to said first trader.  
     
     
         7 . The system of  claim 1 , further comprising means for one of said plurality of second traders to accept said request message to a trade with said first trader.  
     
     
         8 . The system of  claim 7 , further comprising means for enabling said first trader and said one of said plurality of second traders to negotiate contract terms subsequent to execution of said trade.  
     
     
         9 . The system of  claim 1 , further comprising means for said plurality of second traders to individually filter said request message.  
     
     
         10 . The system of  claim 9 , wherein said request are filtered based on a financial instrument that is subject of said trade.