METHODS AND SYSTEM FOR FINANCIAL INSTRUMENT CLASSIFICATION
First Claim
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1. A computer-implemented method comprising the steps of:
- a) accessing an interface executed on a user device, to;
i. specify a financial instrument; and
ii. specify a time-range; and
b) accessing a server device coupled to one or more electronic communication networks, wherein said server device is configured to;
i. receive the financial instrument and the time-range specified by said user;
ii. perform classification analysis on the financial instrument, the time-range and other financial instruments, comprising a classification module configured to;
A. calculate the level of similarity between the specified financial instrument and each other financial instruments based upon changes in prices during the specified time-range;
B. compare the level of similarity of each combination of the specified financial instrument and another financial instrument with a pre-determined similarity threshold; and
C. retrieve from a database a sub-set of financial instruments that their level of similarity to the specified financial instrument exceed the pre-defined similarity threshold; and
iii. provide to the user device via said electronic communication network the retrieved financial instruments.
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Abstract
The invention relates generally to financial instrument classification and more particularly to methods and system for recognizing similarities in behaviors among financial instruments. According to one embodiment, a method of classifying similar financial instruments is provided. Classification analysis is performed on a desired financial instrument that a user specifies to determine other financial instruments that behave similarly to the specified financial instrument during a specified time range. Based on the classification, the similarly behaving financial instruments and additional characteristics are presented to the user for evaluation and tracking.
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Citations
16 Claims
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1. A computer-implemented method comprising the steps of:
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a) accessing an interface executed on a user device, to; i. specify a financial instrument; and ii. specify a time-range; and b) accessing a server device coupled to one or more electronic communication networks, wherein said server device is configured to; i. receive the financial instrument and the time-range specified by said user; ii. perform classification analysis on the financial instrument, the time-range and other financial instruments, comprising a classification module configured to; A. calculate the level of similarity between the specified financial instrument and each other financial instruments based upon changes in prices during the specified time-range; B. compare the level of similarity of each combination of the specified financial instrument and another financial instrument with a pre-determined similarity threshold; and C. retrieve from a database a sub-set of financial instruments that their level of similarity to the specified financial instrument exceed the pre-defined similarity threshold; and iii. provide to the user device via said electronic communication network the retrieved financial instruments. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A computer software product for interactively selecting financial instruments, comprising:
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a) an interface executed on a user device, to; i. specify a financial instrument; and ii. specify a time-range; and b) a server device coupled to one or more electronic communication networks, wherein said server device is configured to; i. receive the financial instrument and the time-range specified by said user; ii. perform classification analysis on the financial instrument, the time-range and other financial instruments, comprising a classification module configured to; A. calculate the level of similarity between the specified financial instrument and each other financial instruments based upon changes in prices during the specified time-range; B. compare the level of similarity of each combination of the specified financial instrument and another financial instrument with a pre-determined similarity threshold; and C. retrieve from a database a sub-set of financial instruments that their level of similarity to the specified financial instrument exceed the pre-defined similarity threshold; and iii. provide to the user device via said electronic communication network the retrieved financial instruments. - View Dependent Claims (11, 12, 13, 14, 15)
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16. A system for classifying financial instruments, comprising:
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a) at least one classifying server having a server processor and a classifying database; b) at least one user computer, including a display; and c) a public financial instruments database operatively connected to said classifying server, to allow a user to send a request to said classifying server, wherein said request includes a specific financial instrument and criteria time-range from said, and wherein in response to the user interacting with said at least one user computer, receiving said specific financial instrument and said time-range from said at least one user computer at said at least one classifying server performing a classification analysis; i. to identify in said public financial instruments database financial instruments that behave similarly to said specific financial instrument during said time-range; ii. to calculate a similarity rank using a classification module between every two financial instruments to thereby create classification results; iii. to store said classification results in said classifying database; and iv. to send said classification results to said user computer.
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Specification