Market data notification system

• US 20070061452A1
• Filed: 11/13/2006
• Published: 03/15/2007
• Est. Priority Date: 05/23/1997
• Status: Abandoned Application

• Current Assignee: Thomson Financial LLC (Refinitiv US Holdings, Inc.)
• Original Assignee: Thomson Corporation (The Woodbridge Co. Ltd.)
• Inventors: Flynn, Kevin, Weinstein, Bernard, Bongiovanni, Steven
• Application Number:
  US11/595,901
• Publication Number:
  US 20070061452A1
• Time in Patent Office: Days
• US Class Current: 709/224
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: H04L 67/55 Push-based network services

Abstract

A system for providing notification of market information which includes a user computer for specifying a market condition to be monitored, and an electronic source of updated market data is provided. The system also includes a host computer system for receiving and storing the specified market condition to be monitored. Upon receipt of the specified market condition to be monitored, the host computer system generates and transmits confirmation data to the user computer. A monitoring program executable on the host computer system compares the specified market condition and the source of updated market data to determine if the specified market condition is found to exist. If found to exist, the monitoring program generates a signal. A transmitter responsive to the signal generated by the monitoring program transmits notification of the specified market condition.

Claims

1. A system for providing notification of market information, which comprises:

a user computer for specifying a market condition to be monitored and a corresponding client ID via a first telecommunication link;

an electronic source of updated market data;

a host computer system for receiving and storing a plurality of the market conditions specified for monitoring and the corresponding client IDs;

confirmation data generated and transmitted by said host computer system via a second telecommunication link upon receipt of the specified market condition to be monitored and the corresponding client ID, said confirmation data indicating that the specified market condition has been received by said host computer and will be monitored;

a monitoring program executable on said host computer system for comparing each of the specified market conditions stored on said host computer system and said source of updated market data to determine if a specified market condition is found in said source of updated market data, said monitoring program generating a signal if a specified market condition is found to exist, the signal indicative of the found specified market condition and the corresponding client ID stored on said host computer system; and

a transmitter responsive to said signal for transmitting notification of the specified market condition via a third telecommunication link to a paging network, said paging network, upon receipt of the notification of the specified market condition and the corresponding client ID, forwarding the notification of the specified market condition to an appropriate portable receiver indicated by the client ID.

2. The system of claim 1, further comprising a program executable on said user computer for providing share price momentum as a market condition to be monitored.

3. The system of claim 1, wherein said user computer specifies the market condition to be monitored in electronic mail format.

4. The system of claim 1, wherein said user computer is a financial representative'"'"'s computer.

5. A system for providing notification of market information receivable by a client, which comprises:

a user computer for specifying a market condition to be monitored and a corresponding client ID via a first telecommunication link;

an electronic source of updated market data;

a host computer system including a database for receiving and storing a plurality of the market conditions specified for monitoring and the corresponding client IDs;

confirmation data generated and transmitted by said host computer system via a second telecommunication link upon receipt of the specified market condition and corresponding client ID by said database, said confirmation data indicating that the specified market condition has been received by said host computer and will be monitored;

a monitoring program executable on said host computer system for comparing each of the specified market conditions stored on the database and said source of updated market data to determine if a specified market condition is found in said source of updated market data, said monitoring program generating a signal if a specified market condition is found to exist, the signal indicative of the found specified condition and the corresponding client ID stored on the database; and

a transmitter responsive to said signal for transmitting notification of the specified market condition and the corresponding client ID via a third telecommunication link to a paging network, said paging network, upon receipt of the notification of the specified market condition and the corresponding client ID, forwarding the notification of the specified market condition to an appropriate portable receiver indicated by the client ID.

6. The system of claim 5, further comprising a program executable on said user computer for providing share price momentum as a market condition to be monitored.

7. The system of claim 5, wherein said user computer specifies the market condition to be monitored and the corresponding client ID in electronic mail format.

8. The system of claim 5, wherein said user computer includes a communications server.

9. A method for providing notification of market information, which comprises the steps of:

providing a software program to a user for specifying a market condition to be monitored and a corresponding client ID via a first telecommunication link;

receiving and storing a plurality of the specified market conditions to be monitored and the corresponding client IDs in a host computer system;

generating and transmitting confirmation data via a second telecommunication link for receipt by the user when the specified market condition to be monitored and the corresponding client ID is received by said host computer system, the the confirmation data indicating that the specified market condition has been received by the host computer and will be monitored;

comparing each of the specified market conditions stored on the host computer system with a source of updated market data to determine if a specified market condition is found to exist;

generating a signal if the specified market condition is found to exist indicative of the found specified market condition and the corresponding client ID on the host computer system;

transmitting notification of the specified market condition to a paging network via a third telecommunication link in response to said signal; and

forwarding, upon receipt of the notification of the specified market condition and the corresponding client ID, with the paging network, the notification of the specified market condition to an appropriate portable receiver indicated by the client ID.

10. The method of claim 9, further comprising the step of specifying a client ID corresponding to the market condition specified to be monitored.

11. The method of claim 9, wherein the market condition specified to be monitored includes share price momentum.