Hypertext transfer protocol application programming interface between cleint-side trading systems and server-side stock trading systems

• US 20050262011A1
• Filed: 07/07/2005
• Published: 11/24/2005
• Est. Priority Date: 03/13/2001
• Status: Abandoned Application

• Current Assignee: Tradebolt LLC
• Original Assignee: Tradebolt LLC
• Inventors: Deming, Douglas R.
• Application Number:
  US11/176,096
• Publication Number:
  US 20050262011A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06F 9/547 Remote procedure calls [RPC]; Web services
• 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
• CPC Class Codes: H04L 69/08 Protocols for interworking; Protocol conversion
• CPC Class Codes: H04L 69/329 in the application layer [OSI layer 7]
• CPC Class Codes: H04L 9/40 Network security protocols

Abstract

The present invention is a software program that modifies a client-side stock trading system fill orders to market orders that are transmitted to a remote broker trading system. The modification will synchronizing a users desktop trading system with a stockbrokers remote system. The HTTP-API (hypertext transfer protocol application program interface) provides client side users with the ability to use the computer resources of a remote server computer to effect transaction processing and/or the transfer of information from one computer to another without having the absolute need for a web browser, plugins or software languages contained within the server system.

Claims

1. (canceled)

2. (canceled)

3. (canceled)

4. (canceled)

5. (canceled)

6. (canceled)

7. (canceled)

8. (canceled)

9. (canceled)

10. (canceled)

11. (canceled)

12. (canceled)

13. (canceled)

14. (canceled)

15. A method of modifying a client-side trading system output, comprising the step of:

a) capturing at least one financial instrument order.

16. The method of claim 15, wherein step (a) includes the substep of seizing trading system transaction records.

17. The method of claim 32, wherein step (b) includes the substep of editing trading system transaction records.

18. The method of claim 33, wherein step (b) includes the substep of changing trading system transaction records.

19. The method of claim 34, wherein step (b) includes the substep of establishing a telecommunications link with the remote broker site to transmit transaction records to said remote site.

31. The method of claim 15, further comprising the steps of b) modifying at least one financial instrument order;

c) updating at least one transaction record; and

d) transmitting at least one order.

32. The method of claim 15, further comprising the step of b) modifying at least one financial instrument order.

33. The method of claim 15, further comprising the step of b) updating at least one transaction record.

34. The method of claim 15, further comprising the step of b) transmitting at least one order.

35. The method of claim 34, wherein the order is a market order.

36. The method of claim 15, wherein the system output comprises output to market orders that are transmitted to a remote broker site.

37. The method of claim 15, further comprising the step of b) automatically placing the financial instrument order with a broker.

38. The method of claim 15, further comprising the step of b) converting the financial instrument order from a first type of financial instrument order to a second type of financial instrument order.

39. The method of claim 38, further comprising the step of c) holding the financial instrument order until an order price moves to a desired value.

40. The method of claim 15, further comprising the step of b) holding the financial instrument order until an order price moves to a desired value.

20. (canceled)

21. (canceled)

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23. (canceled)

24. (canceled)

25. A computer interface system comprising an interface that can be selectively initiated by a client, wherein the interface allows a client-side trading system to communicate with a server-side trading system.

28. The computer interface system of claim 25, wherein the interface comprises computer programming code for modifying an output of the client-side trading system.

29. The computer interface system of claim 25, wherein the interface comprises computer programming code for querying the client as to selected modifications to be made to an output of the client-side trading system.

30. The computer interface system of claim 25, wherein the interface comprises computer programming code for interfacing with the server-side trading system.

26. (canceled)

27. (canceled)

41. A method of interfacing with a user trading system, comprising the step of closing out all positions just before a closing of a market at an end of each day.

42. A method of monitoring a profit and/or a loss of at least one position in a portfolio of a client on a user application in communication with an interface application, comprising the steps of:

a) retrieving a portfolio list, which shows the profit and/or loss for each financial instrument in the portfolio; and

b) sending an order to a broker application to offset at least one financial instrument, wherein the profit or the loss of the financial instrument exceeds the profit or the loss preset by the client.

43. A method of providing a client on a user application in communication with an interface application with news relevant to at least one financial instrument held by the client, comprising the steps of:

a) interfacing with at least one website, which provides news;

b) specifying at least one search term to search for on the website;

c) monitoring a plurality of headlines on the website for the search term; and

d) requesting a full story for each headline including the search term.