System and method for providing financial instrument trading information and for trading a financial instrument

• US 20030233309A1
• Filed: 06/14/2002
• Published: 12/18/2003
• Est. Priority Date: 06/14/2002
• Status: Abandoned Application

• Current Assignee: Streamtrade
• Original Assignee: Streamtrade
• Inventors: Matus, George, Yakman, Brian Todd, Heber, Scott Leonard
• Application Number:
  US10/171,918
• Publication Number:
  US 20030233309A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

The present invention provides a system and method for providing financial instrument trading information and for trading a financial instrument which includes receiving an identifier related to the financial instrument, simultaneously providing values related to the identifier and to a user'"'"'s account information, receiving trade data related to the identifier, and simultaneously providing at least one complete trade scenario based on the identifier, a portion of the values, the user'"'"'s account information, the received trade data, and a portion of the at least one trade scenario.

Claims

1. A method for providing financial instrument trading information, the method comprising:

receiving an identifier related to the financial instrument;

simultaneously providing values related to the identifier and to a user'"'"'s account information;

receiving trade data related to the identifier; and

simultaneously providing at least one complete trade scenario based on the identifier, a portion of the values, the user'"'"'s account information, the received trade data, and a portion of the at least one trade scenario.

2. The method of claim 1 further comprising:

determining if the received trade data is acceptable; and

if the received trade data is not acceptable, providing at least one acceptable trade data.

3. The method of claim 1 further comprising receiving a trading command based on the simultaneously provided at least one complete trade scenario.

4. The method of claim 1 further comprising simultaneously providing at least one incomplete trade scenario.

5. The method of claim 4 further comprising receiving an input related to the at least one incomplete trade scenario.

6. The method of claim 5 further comprising:

completing the at least one incomplete trade scenario based on the received input; and

providing at least one complete trade scenario based on the completing of the at least one incomplete trade scenario.

7. The method of claim 6 further comprising providing a trading command for the at least one complete trade scenario, wherein the provided trading command is related to the received trade data.

8. The method of claim 4 further comprising:

receiving another input related to the at least one incomplete trade scenario;

completing the at least one incomplete trade scenario based on the received other input; and

providing at least one complete trade scenario based on the completing of the at least one incomplete trade scenario.

9. The method of claim 5, wherein the received input is not related to the portion of the at least one trade scenario.

10. The method of claim 1 further comprising simultaneously providing at least one partially complete trade scenario.

11. The method of claim 10 further comprising providing a trading command based on the at least one partially complete trade scenario.

12. The method of claim 10 further comprising:

receiving an input related to the at least one partially complete trade scenario;

completing the at least one partially complete trade scenario based on the received input; and

providing at least one complete trade scenario based on the completing of the at least one partially complete trade scenario.

13. The method of claim 10 wherein the at least one trade scenario is partially complete based on the user'"'"'s account information.

14. The method of claim 1 further comprising providing prices and associated information related to the identifier.

15. The method of claim 14 further comprising at least one of a following action from a group consisting of:

updating the provided prices and the associated information based on a received command; and

automatically updating the provided prices and the associated information.

16. The method of claim 15 further comprising updating the at least one complete trade scenario based on the provided prices and the associated information.

17. A method for providing financial instrument trading information, the method comprising:

receiving an identifier related to the financial instrument;

simultaneously providing values related to the identifier and to a user'"'"'s account information;

receiving trade data related to the identifier;

simultaneously providing at least one complete trade scenario based on the identifier, a portion of the values, the user'"'"'s account information, the received trade data, and a portion of the at least one trade scenario; and

receiving a trading command based on the simultaneously provided at least one complete trade scenario.

18. A method for providing financial instrument trading information, the method comprising:

receiving an identifier related to the financial instrument;

simultaneously providing values related to the identifier and to a user'"'"'s account information;

receiving trade data related to the identifier; and

simultaneously providing a plurality of completed trade scenarios, each scenario based on the identifier, a portion of the values, the user'"'"'s account information, the received trade data, and a portion of each of the scenarios, wherein the scenarios are presented based on another portion of each of the scenarios.

19. A method for providing financial instrument trading information, the method comprising:

receiving an identifier related to the financial instrument;

simultaneously providing values related to the identifier and to a user'"'"'s account information;

receiving trade data related to the identifier; and

simultaneously providing at least one trade scenario from a group consisting of;

a complete trade scenario based on the identifier, a portion of the values, the user'"'"'s account information, the received trade data, and a portion of the at least one trade scenario;

an incomplete trade scenario adapted to be completed based on receiving an input related to the at least one incomplete trade scenario; and

a partially complete trade scenario adapted to be completed based on receiving an input related to the at least one incomplete trade scenario.

20. A method for providing financial instrument trading information, the method comprising:

receiving an identifier related to the financial instrument; and

simultaneously providing;

prices related to the received identifier; and

a quantity of the financial instrument that can be traded related to at least one of the prices.

21. The method of claim 20 further comprising simultaneously providing trading parameters that include the quantity that can be traded.

22. The method of claim 21 further comprising simultaneously providing a starting balance based on the trading parameters, wherein the starting balance is provided prior to a trade occurring.

23. The method of claim 21 further comprising simultaneously providing an ending balance based on the trading parameters, wherein the ending balance is provided prior to a trade occurring.

24. The method of claim 20 further comprising providing an ability to trade the quantity.

25. The method of claim 20 wherein the quantity that can be traded is further related to at least one of a following element from a group consisting of:

margin purchase power;

day trading power;

available cash;

financial instrument buying power;

financial instrument margin requirement; and

commission.

26. A method for providing financial instrument trading information, the method comprising:

receiving an identifier related to the financial instrument; and

simultaneously providing;

trading parameters including a quantity that can be traded;

a starting balance based on the trading parameters, wherein the starting balance is provided prior to a trade occurring; and

an ending balance based on the trading parameters, wherein the ending balance is provided prior to the trade occurring.

27. The method of claim 26 wherein the starting balance comprises at least one of a following element from a group consisting of:

a starting cash balance;

a starting buying power of the financial instrument; and

a starting day trading power.

28. The method of claim 26 wherein the ending balance comprises at least one of a following element from a group consisting of:

an ending cash balance;

an ending buying power of the financial instrument; and

an ending day trading power.

29. A method for trading a financial instrument, the method comprising:

providing, by a user, an identifier related to the financial instrument;

simultaneously receiving values related to the identifier and to account information related to the user;

providing, by the user, trade data related to the identifier; and

simultaneously receiving at least one complete trade scenario based on the identifier, a portion of the values, the user'"'"'s account information, the received trade data, and a portion of the at least one trade scenario.

30. A method for producing a trading scenario, the method comprising:

receiving an identifier related to a financial instrument;

receiving trade data related to the identifier; and

providing a plurality of trade scenarios based on;

the received trade data; and

a result, wherein the result is based on a first amount divided by a second amount, wherein the first amount is based on a sum of available cash minus a commission, and a trading percentage multiplied by the sum, and wherein the second amount is based on a trading price of the identifier.

31. A method for producing a trading scenario, the method comprising:

receiving an identifier related to a financial instrument;

receiving trade data related to the identifier; and

providing a plurality of trade scenarios based on;

the received trade data; and

a result, wherein the result is based on a first amount divided by a second amount, wherein the first amount is based on a sum of a margin purchase power multiplied by a margin requirement percentage, minus a commission, and a trading percentage multiplied by the sum, and wherein the second amount is based on a trading price of the identifier.

32. A system for trading a financial instrument, the system comprising:

a financial institution server;

a user account located at the financial institution server;

a user interface adapted to access the user account, wherein the user interface is further adapted to;

send an identifier related to the financial instrument to the financial institution server;

simultaneously receive values related to the identifier and to account information in the user account from the financial institution server;

send trade data related to the identifier to the financial institution server; and

simultaneously receive, from the financial institution server, at least one element from a group consisting of;

a complete trade scenario based on the identifier, a portion of the values, the user'"'"'s account information, the received trade data, and a portion of the complete trade scenario;

a partially complete trade scenario based on the user'"'"'s account information; and

an incomplete trade scenario adapted to be completed based on receiving an input related to the incomplete trade scenario.

33. A server adapted to:

receive an identifier related to a financial instrument;

simultaneously send values related to the identifier and to account information;

receive trade data related to the identifier; and

based on the received trade data, simultaneously send at least one element from a group consisting of;

a complete trade scenario based on the identifier, a portion of the values, the account information, the received trade data, and a portion of the complete trade scenario;

a partially complete trade scenario based on the user'"'"'s account information; and

an incomplete trade scenario adapted to be completed based on receiving an input related to the incomplete trade scenario.

34. A computer readable medium comprising instructions for:

receiving an identifier related to a financial instrument;

simultaneously providing a margin requirement value of the financial instrument and a margin purchase power value of the financial instrument;

receiving trade data related to the identifier; and

simultaneously providing at least one complete trade scenario based on the identifier, the margin purchase power, a user'"'"'s financial information, the received trade data, and a commission related to the received trade data.

35. A computer readable medium comprising instructions for:

receiving an identifier related to a financial instrument; and

simultaneously providing;

prices related to the received identifier; and

a quantity of the financial instrument that can be traded related to at least one of the prices.

36. A computer readable medium comprising instructions for:

inputting an abbreviated trading command;

inputting a financial instrument symbol;

inputting a price; and

returning an amount of the financial instrument that can be traded, wherein the amount is based on at least one item from a group consisting of;

the price;

an amount of available cash;

a margin purchase power; and

a day trading purchase power.

37. The computer readable medium of claim 36 further comprising instructions for inputting an order type, wherein the order type is abbreviated.

38. The computer readable medium of claim 36 further comprising instructions for inputting a transaction percentage, wherein the transaction percentage is abbreviated.

39. The computer readable medium of claim 36 further comprising instructions for inputting an abbreviated financial instrument symbol.

40. A computer readable medium comprising instructions for:

determining a position of a cursor; and

providing information related to the position, wherein the information comprises at least one item from a group consisting of;

a house surplus amount;

a New York Stock Exchange surplus amount; and

a concentrated account alert.

41. The computer readable medium of claim 40, wherein the information further comprises at least one item from a group consisting of:

a borrowed amount;

a cash amount;

a financial instrument margin amount; and

a day trading margin amount.

42. A computer readable medium comprising instructions for:

setting a command to automatically calculate at least one trade scenario based on set trading parameters;

setting a command to reuse the set trading parameters; and

setting a command to display all remaining balances associated with the trade scenario.