Methods and apparatus for pre-trade analysis

• US 20050273424A1
• Filed: 05/09/2005
• Published: 12/08/2005
• Est. Priority Date: 05/07/2004
• Status: Abandoned Application

• Current Assignee: REDI Tech LLC
• Original Assignee: REDI Tech LLC
• Inventors: Xia, Ping, Fanelli, John A., Silverman, Andrew F.
• Application Number:
  US11/124,816
• Publication Number:
  US 20050273424A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A method and system for a pre-trade analysis of a desired securities order, the method including, in some embodiments, receiving user input that indicates a desired securities order to evaluate, identifying a desired level of risk to associate with the desired securities order to evaluate, analyzing the desired securities order based on the desired level of risk using at least one of a plurality of securities trading algorithms, and displaying an information screen depicting information associated with the desired securities order based on the analyzing, wherein the information screen provides a graphical representation of the analysis prior to an execution of the desired securities order.

Claims

1. A method comprising:

receiving user input that indicates a desired securities order to evaluate;

identifying a desired level of risk to associate with the desired securities order to evaluate;

analyzing the desired securities order based on the desired level of risk using at least one of a plurality of securities trading algorithms; and

displaying an information screen depicting information associated with the desired securities order based on the analyzing, wherein the information screen provides a graphical representation of the analysis prior to an execution of the desired securities order.

2. The method of claim 1, wherein the at least one of the plurality of securities trading algorithms used in the analyzing is selectively designated by a user.

3. The method of claim 1, further comprising providing the at least one of the plurality of the securities trading algorithms used in the analyzing.

4. The method of claim 1, wherein the user input further includes identifying a desired time span for evaluating the desired securities order for the analyzing thereof.

5. The method of claim 1, further comprising selectively executing, after the analyzing, the desired securities order.

6. The method of claim 1, wherein the information associated with the desired securities order comprises a graphical display of estimated transaction cost and an associated time span.

7. The method of claim 1, wherein the information screen further comprises, at least, a graph of at least one of a cost estimate, a projected execution profile, and combinations thereof.

8. The method of claim 1, wherein at least a portion of the user input to be received is based on an attribute of the desired securities order to evaluate.

9. The method of claim 8, wherein the attribute is selected from the group consisting of:

a security type, a number of securities in the desired securities order, a market destination, a type of exchange for the desired securities order, whether the desired securities order is to be evaluated from a buy side or a sell side, a time span for evaluating the desired securities order, and any combinations thereof.

10. A system comprising:

a processor; and

a storage device in communication with the processor and storing instructions adapted to be executed by the processor to;

receive user input that indicates a desired securities order to evaluate;

identify a desired level of risk to associate with the desired securities order to evaluate;

analyze the desired securities order based on the desired level of risk using at least one of a plurality of securities trading algorithms; and

provide display data representative of an information screen depicting information associated with the desired securities order based on the analyzing, wherein the information screen provides a graphical representation of the analysis prior to an execution of the desired securities order.

11. The system of claim 10, wherein the plurality of securities trading algorithms are each implemented as substantially independent modules for interfacing with the processor.

12. The system of claim 11, wherein each of the substantially independent modules includes an interface compatible with a communication interface of the processor.

13. The system of claim 10, wherein the storage device comprises at least one of historical information and substantially real-time information, relevant to evaluating the desired securities order using the at least one of the plurality of the securities trading algorithms.

14. The system of claim 10, further comprising a display device for presenting the graphical representation of the analysis.

15. The system of claim 10, wherein the at least one of the plurality of securities trading algorithms used in the analyzing is selectively designated by a user.

16. The system of claim 10, further comprising storing instructions adapted to be executed by the processor to provide the at least one of the plurality of the securities trading algorithms used in the analyzing.

17. The system of claim 10, further comprising storing instructions adapted to be executed by the processor to, after the analysis, execute the desired securities order.

18. The system of claim 10, further comprising storing instructions adapted to be executed by the processor to provide a user-selectable option to facilitate accepting or declining, after the analysis, executing the desired securities order.

19. The system of claim 10, wherein at least a portion of the user input to be received is based on an attribute of the desired securities order to evaluate.

20. The system of claim 19, wherein the attribute is selected from the group consisting of:

a security type, a number of securities in the desired securities order, a market destination, a type of exchange for the desired securities order, whether the desired securities order is to be evaluated from a buy side or a sell side, a time span for evaluating the desired securities order, and any combinations thereof.

21. An article, comprising:

a storage medium having stored thereon instructions that when executed by a machine result in the following;

receiving user input that indicates a desired securities order to evaluate;

identifying a desired level of risk to associate with the desired securities order to evaluate;

analyzing the desired securities order based on the desired level of risk using at least one of a plurality of securities trading algorithms; and

displaying an information screen depicting information associated with the desired securities order based on the analyzing, wherein the information screen provides a graphical representation of the analysis prior to an execution of the desired securities order.

22. The article of claim 21, wherein the at least one of the plurality of securities trading algorithms used in the analyzing is selectively designated by a user.

23. The article of claim 21, further comprising instructions stored thereon that when executed by a machine result in providing the at least one of the plurality of the securities trading algorithms used in the analyzing.

24. The article of claim 21, wherein the user input further includes identifying a desired time span for evaluating the desired securities order for the analyzing thereof.

25. The article of claim 21, further comprising selectively executing, after the analyzing, the desired securities order.

26. The article of claim 21, wherein the information associated with the desired securities order comprises a graphical display of estimated transaction cost and an associated time span.

27. The article of claim 21, wherein the information screen further comprises, at least, a graph of at least one of a cost estimate, a projected execution profile, and combinations thereof.

28. The article of claim 21, wherein at least a portion of the user input to be received is based on an attribute of the desired securities order to evaluate.

29. The article of claim 28, wherein the attribute is selected from the group consisting of:

a security type, a number of securities in the desired securities order, a market destination, a type of exchange for the desired securities order, whether the desired securities order is to be evaluated from a buy side or a sell side, a time span for evaluating the desired securities order, and any combinations thereof.