Methods and systems for managing a portfolio of securities

• US 20030065598A1
• Filed: 10/03/2001
• Published: 04/03/2003
• Est. Priority Date: 10/03/2001
• Status: Abandoned Application

• Current Assignee: Protrader Technologies, L.P.
• Original Assignee: Protrader Technologies, L.P.
• Inventors: Bunda, John
• Application Number:
  US09/970,078
• Publication Number:
  US 20030065598A1
• Time in Patent Office: Days
• US Class Current: 705/36
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Embodiments disclosed herein provide a computer implemented method and system that may allow a securities trader to receive a notification if a trigger condition is met. Additionally, the method and system may automatically transfer an order for execution if the trigger condition is met. The trigger condition may be user configurable. Additional user configuration information may include, but is not limited to: a discretionary limit, and a transaction type (e.g., buy or sell). The method and system may continuously, or at discrete intervals, provide information regarding the execution status of orders. The trigger condition may include a “trailing trigger price.” The trailing trigger price may vary with a corresponding market price in a favorable direction. The trailing trigger price may remain static if the corresponding market price moves in an unfavorable direction.

Claims

1. A computer implemented method of providing a notification to a user, the method comprising:

receiving configuration information from a user, wherein the configuration information comprises a trigger condition and a request to send a notification to the user;

receiving market price information regarding at least the one security;

determining if a market price from the received market price information meets the trigger condition; and

sending a notification to the user if the trigger condition is met.

2. The method of claim 1, wherein the configuration information further comprises an order for at least one security;

and wherein the method further comprises transferring the order to an entity for execution of the order if the market price from the received market price information meets the trigger condition.

3. The method of claim 2, further comprising displaying order information to the user after the order is transferred.

4. The method of claim 1, wherein the configuration information comprises a position closing order.

5. The method of claim 1, wherein the configuration information comprises a market center preference.

6. The method of claim 1, wherein the configuration information comprises a discretionary limit value, or discretionary limit price.

7. The method of claim 1, wherein the notification comprises an electronic mail sent to the user, a page sent to the user, or a text box displayed to the user on a user interface.

8. The method of claim 1, further comprising transferring a position opening order;

wherein the configuration information comprises the position opening order.

9. The method of claim 1, further comprising transferring a position opening order before receiving configuration information from the user.

10. The method of claim 1, wherein the configuration information comprises a stop loss value, or a stop loss price.

11. The method of claim 1, wherein the trigger condition comprises a trigger value or a trigger price.

12. The method of claim 1, wherein the trigger condition comprises a trigger relationship.

13. The method of claim 12, wherein the trigger relationship comprises a less than, less than or equal to, equal to, greater than or equal to, or greater than relationship.

14. The method of claim 1, wherein the market price information comprises at least one bid price, or at least one ask price.

15. The method of claim 1, further comprising generating at least one chart using the market price information.

16. The method of claim 15, wherein the at least one chart generated comprises a trigger price or trigger value.

17. The method of claim 1, wherein the method is implemented on two or more computers connected by a network.

18. The method of claim 1, wherein the method is implemented on two or more computers connected by a network;

and wherein the network comprises the Internet.

19. A computer memory medium comprising a computer executable software program configured to execute the method of claim 1.

20. A computer system configured to implement the method of claim 1.

21. A computerize-implemented method of providing a notification to a user comprising:

receiving configuration information from a user, wherein the configuration information comprises a trailing trigger condition and a request to send a notification to the user;

receiving market price information regarding at least the one security;

determining if a desirable market price change has taken place, and if so, changing the trailing trigger condition;

determining if a market price from the received market price information meets the trigger condition; and

sending a notification to the user if the trigger condition is met.

22. The method of claim 21, wherein the configuration information further comprises an order for at least one security;

and wherein the method further comprises transferring the order to an entity for execution of the order if the market price from the received market price information meets the trigger condition.

23. The method of claim 22, further comprising displaying order information to the user after the order is transferred.

24. The method of claim 21, wherein the notification comprises an electronic mail sent to the user, a page sent to the user, or a text box displayed to the user on a user interface.

25. The method of claim 21, further comprising transferring a position opening order;

wherein the configuration information comprises a position opening order.

26. The method of claim 21, wherein the configuration information comprises a position opening order.

27. The method of claim 21, wherein the configuration information comprises position closing order.

28. The method of claim 21, wherein the configuration information comprises a market center preference.

29. The method of claim 21, wherein the configuration information comprises a discretionary limit value, or discretionary limit price.

30. The method of claim 21, wherein the configuration information comprises a trailing stop loss initial value, or a trailing stop loss initial price.

31. The method of claim 21, wherein the configuration information comprises a pullback value.

32. The method of claim 21, wherein the trigger condition further comprise a trailing trigger value or a trailing trigger price.

33. The method of claim 21, wherein the trigger condition comprises a trailing trigger relationship.

34. The method of claim 33, wherein the trigger relationship comprises a trailing buy or a trailing sell relationship.

35. The method of claim 21, wherein the market price information comprises at least one bid price, or at least one ask price.

36. The method of claim 21, wherein the method further comprises generating at least one chart using the market price information.

37. The method of claim 36, wherein the at least one chart generated comprises a trailing trigger price or trailing trigger value.

38. The method of claim 21, wherein the method is implemented on two or more computers connected by a network.

39. The method of claim 21, wherein the method is implemented on two or more computers connected by a network;

and wherein the network comprises the Internet.

40. A computer memory medium comprising a computer executable software program configured to execute the method of claim 21.

41. A computer system configured to implement the method of claim 21.