Method of processing, displaying and trading financial instruments and an electronic trading system therefor

• US 20050075966A1
• Filed: 01/29/2002
• Published: 04/07/2005
• Est. Priority Date: 01/29/2002
• Status: Abandoned Application

• Current Assignee: Andrey Duka
• Original Assignee: Andrey Duka
• Inventors: Duka, Andrey
• Application Number:
  US10/503,147
• Publication Number:
  US 20050075966A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

An electronic trading system is described, where a client site may access data through a communications network, such as the internet, from data bases, both internal and external. The trading system allows the user to access the data and display various graphical elements on a PC screen. Such graphical elements may include a graphical representation of a financial instrument, and a graphical representation of a financial information analysis tool for the given financial instrument. The system software also provides the user with the ability to apply at least one condition on the first graphical element, relative to the second graphical element, such that an action is automatically taken when the condition is satisfied.

Claims

1. A method of processing and displaying financial information on an electronic display of a market participant, comprising the steps of:

providing an electronic trading system comprising a server system accessible via a communications network by said market participant;

selecting and downloading from the server system data on a financial instrument;

generating and displaying graphical elements on said display, said graphical elements including a first graphical element being a graphical representation of a financial instrument and a graphical representation of an information analysis tool;

selecting at least said first and second graphical elements by means of a display pointing device; and

applying at least one of a plurality of conditions on said first graphical element with respect to said second graphical element enabling action to be taken automatically by said server system on said financial instrument when said condition is satisfied.

2. Method according to claim 1, wherein said condition is applied by selecting a list of conditions presented on said display by means of said display pointing device.

3. Method according to claim 1, wherein said information analysis tool is generated by the server system based on one or more points selected by the market participant on said display by means of said display pointing means.

4. Method according to claim 3, wherein said information analysis tool includes support and/or resistance lines.

5. Method according to claim 3, wherein said information analysis tool includes quantum lines.

6. Method according to claim 3, wherein said information analysis tool includes a development equation curve.

7. Method according to claim 1, wherein said plurality of conditions include operators “

greater than” and

“

smaller than”

.

8. Method according to claim 7, wherein said plurality of conditions include a quote shift and/or a time shift.

9. Method according to claim 1, comprising the further steps of applying a further condition of “

and”

, “

or”

or “

then” and

repeating the steps of claim 1 on at least two graphical elements that may be the same or different to said first and second graphical elements.

10. Method according to claim 1, wherein said financial instrument is represented graphically as a trajectory in Increment-Change space.

11. Method according to claim 1, wherein said financial data is received by said server system in real time from a financial information service provider.

12. An electronic trading system for assisting a market participant in trading in a financial instrument, comprising a server system for processing data on a financial instrument and software for generating and displaying an image including graphical elements on an electronic display, a first graphical element being a graphical representation of a financial instrument and a second graphical element being a graphical representation of a financial information analysis tool, said software adapted to enable selection of said first and second graphical elements by means of a display pointing device and to enable applying at least one of a plurality of conditions on said first graphical element with respect to said second graphical element such that an action is taken automatically by said server system on said financial instrument when said condition is satisfied.

13. Electronic trading system according to the preceding claim, wherein said electronic display is at a client site accessible via a communications network to a server site comprising said server system.

14. Electronic trading system according to claim 12, wherein said server system is connected to an electronic broker to send trading orders electronically from the electronic trading system to said electronic broker.

15. Electronic trading system according to claim 12, wherein said server system is electronically connected to a data source providing real time data on a financial instrument.

16. Electronic trading system according to claim 12, wherein said image generated by said software includes a charting window having a chart area in which the graphical elements are plotted, and a trading position input window enabling said market participant to create a trade order, said trading position input window comprising fields for defining the type of trade to be carried out on the financial instrument, and for selecting and applying said conditions which include operators “

greater than” and

“

smaller than”

.

17. Electronic trading system according to the preceding claim wherein said image further includes a navigator window for displaying a series of charts that have been created and opened by the market participant, each chart being selectable by means of said display pointing device for display in the charting window.

18. Electronic trading system according to claim 16, wherein said image further includes a quote window for displaying various financial instruments that may be selected by means of said display pointing device for display in the charting window.

19. Method of processing and displaying financial information on an electronic display of a market participant and automatization of a trading decision, comprising the steps of:

providing an electronic trading system comprising a source of market data;

selecting and downloading from the said source data on a financial instrument;

generating and displaying graphical elements on said electronic display;

selecting a pair of said graphical elements by means of a display pointing device and application for their comparison of any of the comparison conditions “

smaller than”

, “

greater than”

, smaller than or equal”

, or “

greater than or equal”

enabling an action predefined by said market participant to be taken by said system when said comparison condition is satisfied.

20. Method according to claim 19, wherein the application of the comparison condition is carried out by selection thereof with a display pointing device, from a menu containing graphical or text symbols identifying the comparison conditions.

21. Method according to claim 19, wherein in order to enable a predefined action by the system, two or more said pairs of graphical elements are used.

22. Method according to claim 21, wherein the processing order of said analyzed pairs of graphical elements by the system is carried out by applying one or several of the logical conditions “

and”

, “

or”

, or “

then”

.

23. Method according to claim 22, wherein the application of the said logical conditions is carried out by selection thereof with a display pointing device, from a menu containing graphical or text symbols identifying the logical conditions.

24. Method according to claim 19, wherein the procedure created by the market participant for taking a predefined action is automatically recorded and stored by the trading system.

25. Method according to claim 24, wherein the said procedure is recorded in the form of a set of graphical or text symbols of said pair or pairs of graphical elements as well as comparison and logical conditions.

26. Method according to claim 24, wherein the trading system provides the market participant with the possibility to verify said procedure through selection of said text or graphical symbol of a graphical element by means of a display pointing device whereby the system displays the chart where said graphical element is plotted and highlighted.