CROSSED MARKET ALERT METHOD FOR OVER-THE-COUNTER (OTC) MARKETS

摘要

A method for use in over-the-counter (OTC) financial markets to selectively generate and transmit crossing market alerts to market participants (e.g., market makers or liquidity providers). The method includes providing an alert generation system with a processor executing code to provide a crossing markets module. The method also includes, with the crossing markets module, receiving from a data source a set of market data defining pricing for a financial instrument, such as a bond, credit default swap (CDS) or other swap, or loan. Then, the method includes receiving a quote for the financial instrument from a market maker. The method involves comparing pricing data in the quote with the pricing for the financial instrument defined by the market data to identify a crossing markets event. The method includes generating a crossing markets alert when a set of alert generation rules, including surpassing an economic threshold, are met.