CPC G06Q 40/04 (2013.01) | 16 Claims |
1. A system comprising:
at least one database comprising one or more data tables; and
an electronic platform operatively coupled to the at least one database, the electronic platform comprising non-transitory memory and at least one processor configured to execute computer-readable instructions stored in the non-transitory memory, the electronic platform configured to:
receive an indication of a trade to be priced relative to a reference benchmark value associated with multiple time zones when the trade is initiated in a first time zone;
store trade information associated with the trade as a record among the one or more data tables of the at least one database;
receive components of the reference benchmark value from at least one external data source via an electronic network, each of the components received at a specific time point associated with a respective one of the multiple time zones;
continue to store the trade information associated with the trade in the record among the one or more data tables, at least until a last of the components of the reference benchmark value associated with the multiple time zones is available, thereby delaying execution of the trade;
upon determining that the last of the components of the reference benchmark value is available, automatically retrieve said last component and automatically determine the reference benchmark value based on all of said components of the reference benchmark value associated with the multiple time zones;
retrieve the trade information associated with the trade from the record among the one or more data tables; and
assign a final value of the trade to the retrieved trade information, based on the automatically determined reference benchmark value associated with the multiple time zones, to create an executable trade.
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