Blackbird secures credit system patent

The system applies limits set by a firm's chief credit officer to all proposed trades. These show up on a trader's screen as green (within credit limits), yellow (allowed by the bank but not by the counterparty) or red (not executable with the bank’s credit limit). The technology has been part of the Blackbird system since 1999.

“The system creates a high resolution audit trail,” says Dorsch. “Potential rogue traders would be spotted quickly and they wouldn’t be able to inflict any damage beyond

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