Abstract: Disclosed herein are systems and methods that collapse risk in connection with electronic trades. The method includes collecting electronic trades, each electronic trade comprising party information, buy/sell information; determining hedge amounts for buys/sells for the electronic trades based on buy/sell data; simultaneously determining net hedge amounts for market participants; simultaneously determining a net hedge percentage for electronic trades; determining an individual hedge size for one or more first market participants based on a unique umbrella hedge value, wherein the umbrella hedge value for each of the first market participants is the net hedge percentage of said first market participant's net hedge amount; and distributing instructions to the plurality of market participants to fill the plurality of electronic trades at prices controlled by each first market participant's unique umbrella hedge value and by a composite mid-price for a plurality of second market participants.

Abstract: Various embodiments of the present invention provide systems and methods for portfolio trading of corporate bonds. Liquidity takers generate a list of bonds to send to liquidity providers where the liquidity provider provides quotes for one or more of the bonds. The decision to trade is made at the portfolio level and the winning dealer trades the portfolio or sub-portfolio.

Abstract: Computer implemented electronic trading systems and methods for spotting and hedging a plurality of electronic trades in order for multiple parties to execute and hedge the electronic trades at prices controlled by a common spot. The trading systems include one or more computer systems capable of, and the methods include steps for, collecting and analyzing a plurality of spot-designated electronic trades of a financial product that is traded with respect to a reference price of a reference financial product. The systems and methods determine a common spot for multiple electronic trades including one or more electronic trades of the financial product and one or more associated electronic trades of the reference financial product, and distribute instructions for the multiple electronic trades to be executed at prices controlled by the common spot. Some such trading systems, and related methods, are capable of determining multiple common spots for different electronic trades.