Complex Order Generation for Trading Financial Instruments Using Order Template Method

• US 20120221455A1
• Filed: 09/15/2011
• Published: 08/30/2012
• Est. Priority Date: 02/24/2011
• Status: Abandoned Application

• Current Assignee: Siu Fai Chau
• Original Assignee: Siu Fai Chau
• Inventors: CHAU, Siu Fai
• Application Number:
  US13/233,044
• Publication Number:
  US 20120221455A1
• 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
• CPC Class Codes: Y02P 80/15 On-site combined power, heat or cool generation or distribution, e.g. combined heat and power [CHP] supply

Abstract

The present invention discloses a system for generating trading orders in a simple way and without the need of programming. The system comprises a user input module adapted to receive user input for an order strategy; a trigger generation module adapted to generate trigger signals and an order management module for generating trading orders based on the trigger signals and the user input. The user input module comprises a user interface using an order template provided in a table format to allow a user to input a trigger for generating the trading order. The system supports automatic mode and manual mode which are switchable by the user.

Claims

1. A system for generating trading orders comprising:

a) a user input module adapted to receive user input for an order strategy;

b) a trigger generation module adapted to generate trigger signals; and

c) an order management module adapted to generate trading orders based on said trigger signals and said user input;

wherein said user input module comprises a user interface using an order template provided in a table format, allowing a user to input a trigger for generating said trading orders, with a type, a symbol, a price and a quantity of said trading orders in said table.

2. The system of claim 1 further comprises an external device for providing market data to said trigger generation module.

3. The system of claim 1, wherein said trigger generation module is adapted to generate trigger signals based on trading rules and formulae predefined by the user.

4. The system of claim 3, wherein the outputs of said trading rules and formulae are Boolean.

5. The system of claim 1, wherein at least one of said trigger, said price and said quantity is defined using a formula, said formula using said trigger signals received from said trigger generation module as input parameters.

6. The system of claim 1, wherein said trigger signals comprise market data and numerical operators on said market data.

7. The system of claim 1 wherein said order template further comprising a parent order template and at least one child order templates, where said trading order generated from each said child order template is conditional to a status of said trading order generated from said parent order template.

8. The system of claim 1 wherein said order template further comprising multiple parent order templates, said multiple parent order templates are executed independently.

9. The system of claim 1, wherein said user is allowed to override said trigger of said trading order by manual operation.

10. The system of claim 1, wherein said user interface is customizable so that the user is allowed to create functional buttons.

11. A method for generating trading orders comprising:

a) defining trading rules and formulae;

b) generating trigger signals based on said trading rules and formulae;

c) allowing a user to input a trigger for an order strategy by using an order template provided in a table format; and

d) generating trading orders based on said trigger signals and said user input;

wherein said table comprising a type, a symbol, a price and a quantity of said trading order.

12. The method of claim 11 further comprises providing market data by an external device.

13. The method of claim 11, wherein the outputs of said trading rules and formulae are Boolean.

14. The method of claim 11 further comprising defining at least one of said trigger, said price and said quantity using a formula which uses said trigger signals as input parameters.

15. The method of claim 11, wherein said trigger signals comprise market data and numerical operators on said market data.

16. The method of claim 11 wherein said order template further comprising a parent order template and at least one child order templates, where said trading order generated from each said child order template is conditional to a status of said trading order generated from said parent order template.

17. The method of claim 11 wherein said order template further comprising multiple parent order templates, said multiple parent order templates are executed independently.

18. The method of claim 11 further comprises allowing said user to override said trigger of said trading order by manual operation.

19. The method of claim 11 further comprises creating functional buttons by using a customizable user interface.