DEVICE, METHOD AND SYSTEM OF AUTOMATICALLY DEFINING A FINANCIAL INSTRUMENT

• US 20130204772A1
• Filed: 10/10/2011
• Published: 08/08/2013
• Est. Priority Date: 10/10/2010
• Status: Abandoned Application

• Current Assignee: SuperDerivatives, Inc.
• Original Assignee: SuperDerivatives, Inc.
• Inventors: Gershon, David, Zaafrany, Omer, Marciano, Charles, Shaked Gish, Adam
• Application Number:
  US13/878,567
• Publication Number:
  US 20130204772A1
• 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

Devices, systems and methods of automatically defining financial derivative instruments. For example, a computer-based method may include receiving, by a computing device, an input sequence including a sequence of a plurality of input tokens; and based on the input sequence, defining, by the computing device, a financial derivative instrument by determining, based the plurality of input tokens, values of a plurality of parameters configuring the financial derivative instrument.

Claims

1. A computer-based method of automatically defining financial derivative instruments, the method comprising:

receiving, by a computing device, an input sequence including a sequence of a plurality of input tokens; and

based on said input sequence, defining, by said computing device, a financial derivative instrument by determining, based on said plurality of input tokens, values of a plurality of parameters configuring said financial derivative instrument.

2. The method of claim 1, wherein defining said financial derivative instrument comprises:

determining a type of said financial derivative instrument;

identifying said plurality of parameters according to a predefined list of parameters corresponding to the type of said financial derivative instrument; and

determining the values of the plurality of parameters by mapping said plurality of input tokens to said plurality of parameters.

3. The method of claim 2, wherein determining said type of said financial derivative instrument comprises determining said type of said financial derivative instrument based on a pattern of said plurality of tokens.

4. The method of claim 2, wherein said mapping comprises:

determining a plurality of different mapping combinations, each mapping combination including a different mapping of said plurality of tokens to said plurality of parameters,

and wherein defining said financial derivative instrument comprises defining said financial derivative instrument according to one of said plurality of different mapping combinations.

5. The method of claim 4 comprising:

ranking said plurality of different mapping combinations according to a predefined priority criterion corresponding to the type of said financial derivative instrument, the priority criterion defining priorities between said plurality of parameters; and

selecting at least one of said different mapping combinations based on said ranking

6. The method of claim 1, wherein a number of said plurality of input tokens is lesser than a number of said plurality of parameters configuring said financial derivative instrument.

7. The method of claim 6, wherein at least one parameter of said plurality of parameters does not correspond to any of said tokens, and wherein determining said plurality of parameters comprises determining said at least one parameter based on at least one respective parameter of a previously defined financial derivative instrument.

8. The method of claim 6, wherein at least one parameter of said plurality of parameters does not correspond to any of said tokens, and wherein determining said plurality of parameters comprises determining said at least one parameter based on at least one respective predefined parameter.

9. The method of claim 1, wherein determining said plurality of parameters comprises determining said plurality of parameters independent of an order of said tokens within said input sequence.

10. The method of claim 1, wherein receiving said input sequence includes receiving a single text line including said plurality of input tokens.

11. The method of claim 1, wherein receiving said input sequence includes receiving a voice message including said plurality of input tokens.

12. The method of claim 1 comprising trading said financial derivative instrument.

13. The method of claim 1, wherein said plurality of parameters include one or more of a type parameter, a class parameter, a call parameter, a put parameter, a strike parameter, a trigger parameter, an expiration parameter, an amount parameter, a currency parameter, and a currency pair parameter.

14. A system comprising:

a memory having stored thereon instructions; and

a processor to execute the instructions resulting in an instrument definer application,

wherein the instrument definer application is to receive an input sequence including a sequence of a plurality of input tokens; and

based on said input sequence, to define a financial derivative instrument by determining, based on said plurality of input tokens, values of a plurality of parameters configuring said financial derivative instrument.

15. The system of claim 14, wherein said instrument definer is to determine a type of said financial derivative instrument;

to identify said plurality of parameters according to a predefined list of parameters corresponding to the type of said financial derivative instrument; and

to determine the values of the plurality of parameters by mapping said plurality of input tokens to said plurality of parameters.

16. The system of claim 15, wherein said instrument definer is to determine said type of said financial derivative instrument based on a pattern of said plurality of tokens.

17. The system of claim 15, wherein said instrument definer is to determine a plurality of different mapping combinations, each mapping combination including a different mapping of said plurality of tokens to said plurality of parameters;

and to define said financial derivative instrument according to one of said plurality of different mapping combinations.

18. The system of claim 17, wherein said instrument definer is to rank said plurality of different mapping combinations according to a predefined priority criterion corresponding to the type of said financial derivative instrument, the priority criterion defining priorities between said plurality of parameters;

and to select at least one of said different mapping combinations based on said ranking

19. The system of claim 14, wherein a number of said plurality of input tokens is lesser than a number of said plurality of parameters configuring said financial derivative instrument.

20. The system of claim 19, wherein at least one parameter of said plurality of parameters does not correspond to any of said tokens, and wherein said instrument definer is to determine said at least one parameter based on at least one respective parameter of a previously defined financial derivative instrument.

21. The system of claim 19, wherein at least one parameter of said plurality of parameters does not correspond to any of said tokens, and wherein said instrument definer is to determine said at least one parameter based on at least one respective predefined parameter.

22. The system of claim 14, wherein said instrument definer is to determine said plurality of parameters independent of an order of said tokens within said input sequence.

23. The system of claim 14, wherein said input sequence includes a single text line including said plurality of input tokens.

24. The system of claim 14, wherein said input sequence includes a voice message including said plurality of input tokens.

25. The system of claim 14, wherein said plurality of parameters include one or more of a type parameter, a class parameter, a call parameter, a put parameter, a strike parameter, a trigger parameter, an expiration parameter, an amount parameter, a currency parameter, and a currency pair parameter.

26. A machine-readable medium having stored thereon instructions, which when executed by a machine result in:

receiving an input sequence including a sequence of a plurality of input tokens; and

based on said input sequence, defining a financial derivative instrument by determining, based on said plurality of input tokens, values of a plurality of parameters configuring said financial derivative instrument.

27. The machine-readable medium of claim 26, wherein defining said financial derivative instrument comprises:

determining a type of said financial derivative instrument;

identifying said plurality of parameters according to a predefined list of parameters corresponding to the type of said financial derivative instrument; and

determining the values of the plurality of parameters by mapping said plurality of input tokens to said plurality of parameters.

28. The machine-readable medium of claim 27, wherein determining said type of said financial derivative instrument comprises determining said type of said financial derivative instrument based on a pattern of said plurality of tokens.

29. The machine-readable medium of claim 27, wherein said mapping comprises:

determining a plurality of different mapping combinations, each mapping combination including a different mapping of said plurality of tokens to said plurality of parameters,

and wherein defining said financial derivative instrument comprises defining said financial derivative instrument according to one of said plurality of different mapping combinations.

30. The method of claim 29 comprising:

ranking said plurality of different mapping combinations according to a predefined priority criterion corresponding to the type of said financial derivative instrument, the priority criterion defining priorities between said plurality of parameters; and

selecting at least one of said different mapping combinations based on said ranking

31. The machine-readable medium of claim 26, wherein a number of said plurality of input tokens is lesser than a number of said plurality of parameters configuring said financial derivative instrument.

32. The machine-readable medium of claim 26, wherein determining said plurality of parameters comprises determining said plurality of parameters independent of an order of said tokens within said input sequence.

33. The machine-readable medium of claim 26, wherein receiving said input sequence includes receiving a single text line including said plurality of input tokens.

34. The machine-readable medium of claim 26, wherein receiving said input sequence includes receiving a voice message including said plurality of input tokens.