Abstract: A system and method for pre-clearing transactions comprising the steps of: creating and storing a client profile on a plurality of controllers; creating and storing a trading policy on the plurality of controllers; a pre-clearance client creating a client request; generating a decision request at the appropriate time, while verifying any applicable market conditions associated with the requested transaction only if the transaction requires specific market conditions to trigger execution; the plurality of controllers comparing the client request to the trading policy; the plurality of controllers rendering a pre-clearance decision and communicating pre-clearance decision details; the plurality of controllers issuing the client order to an active pre-clearing entity; and recording and storing all information.

Abstract: A unique transaction identifier governor generates and/or validates a unique trade identifier based on a set of pre-defined rules. The identifier is made up of multiple components, each component being generated using a linear construct, a rule-based hierarchies construct, or an algorithmic construct. Additionally, the governor enables the user to implement a customized construct for generating strings of Arabic numerals, letters, or any combination thereof as separate identifier components. Once an identifier is created and/or validated, the governor updates its database to include the identifier, and components therefor, in a comprehensive list of all previously generated identifiers. Thus, the governor is able to validate uniqueness of identifiers by cross-checking each generated component or identifier against the previously generated identifiers, and components therefor, stored within the governor's database(s).