AUTOMATED FINANCIAL INTEREST TRADING PROCESS BASED ON FORMATION CLOSE

• US 20160225082A1
• Filed: 02/04/2015
• Published: 08/04/2016
• Est. Priority Date: 02/04/2015
• Status: Abandoned Application

• Current Assignee: Right Line Trading LLC
• Original Assignee: Right Line Trading LLC
• Inventors: Sachs, Mark
• Application Number:
  US14/614,050
• Publication Number:
  US 20160225082A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method for performing automated trading activities is disclosed. The method includes providing to a trader, over the communications network, a graphical user interface comprising a display for displaying a particular financial interest, a first button for purchasing long shares in the financial interest at a close of the current formation, a second button for selling short shares in the financial interest at the close of the current formation, and a third button for closing a predefined position in the financial interest at the close of the current formation. The method further includes receiving, over the communications network, market data associated with the financial interest, receiving, over the communications network, a message indicating that the trader has activated the first button, generating an order to purchase a predefined amount of long shares in the financial interest, and issuing said order at the close of the current formation.

Claims

1. A method on a server communicatively coupled with a communications network, the server for performing automated trading activities, the method comprising:

providing to a trader, over the communications network, a graphical user interface comprising;

a display for displaying a particular financial interest;

a first button for purchasing long shares in the financial interest at a close of the current formation;

a second button for selling short shares in the financial interest at the close of the current formation; and

a third button for closing a predefined position in the financial interest at the close of the current formation;

receiving, over the communications network, market data associated with the financial interest;

receiving, over the communications network, a message indicating that the trader has activated the first button;

generating an order to purchase a predefined amount of long shares in the financial interest; and

issuing said order at the close of the current formation.

2. The method of claim 1, further comprising:

receiving, over the communications network, a message indicating that the trader has activated the second button;

generating an order to purchase a predefined amount of short shares of the financial interest; and

issuing said order at the close of the current formation.

3. The method of claim 3, further comprising:

receiving, over the communications network, a message indicating that the trader has activated the third button;

generating an order to sell a predefined amount of long shares in the financial interest and/or an order to repurchase a predefined amount of short shares in the financial interest; and

issuing said order at the close of the current formation.

4. A method on a server communicatively coupled with a communications network, the server for performing automated trading activities, the method comprising:

providing to a trader, over the communications network, a graphical user interface comprising;

a dynamic display for displaying, in real time, a current price of a particular financial interest, wherein the current price is updated at least once per second;

a first button for purchasing long shares in the financial interest at a close of the current formation;

a second button for selling short shares in the financial interest at the close of the current formation; and

a third button for closing a predefined position in the financial interest at the close of the current formation;

receiving, over the communications network, market data associated with the current price of the financial interest;

updating, over the communications network, the dynamic display to reflect the current price of the financial interest;

receiving, over the communications network, a message indicating that the trader has activated the first button;

generating an order to purchase a predefined amount of long shares in the financial interest; and

issuing said order at the close of the current formation.

5. The method of claim 4, further comprising:

receiving, over the communications network, a message indicating that the trader has activated the second button;

generating an order to purchase a predefined amount of short shares of the financial interest; and

issuing said order at the close of the current formation.

6. The method of claim 5, further comprising:

receiving, over the communications network, a message indicating that the trader has activated the third button;

generating an order to sell a predefined amount of long shares in the financial interest and/or an order to repurchase a predefined amount of short shares in the financial interest; and

issuing said order at the close of the current formation.

7. A method on a server communicatively coupled with a communications network, the server for performing automated trading activities, the method comprising:

providing to a trader, over the communications network, a graphical user interface comprising;

a dynamic display for displaying, in real time, a current price of a particular financial interest, wherein the current price is updated at least once per second;

a first field for entering a trigger price and a number of ticks below a trigger price the market must move to execute said trade;

a first button for purchasing long shares in the financial interest at a close of the current formation at a specified number of ticks below a specified trigger price;

a second field for entering a trigger price and a number of ticks above a trigger price;

a second button for selling short shares in the financial interest at the close of the current formation at a specified number of ticks above a specified trigger price; and

a third button for closing a predefined position in the financial interest at the close of the current formation

receiving, over the communications network, market data associated with the current price of the financial interest;

updating, over the communications network, the dynamic display to reflect the current price of the financial interest;

receiving, over the communications network, a message indicating that the trader has entered into the first text field a trigger price and a number of ticks below the trigger price;

receiving, over the communications network, a message indicating that the trader has activated the first button;

generating an order to purchase a predefined amount of long shares in the financial interest at the number of ticks below the trigger price; and

issuing said order at the close of the current formation.

8. The method of claim 7, further comprising:

receiving, over the communications network, a message indicating that the trader has entered into the second text field a trigger price and a number of ticks above the trigger price;

receiving, over the communications network, a message indicating that the trader has activated the second button;

generating an order to sell a predefined amount of short shares in the financial interest at the close of the current formation at the number of ticks above the trigger price; and

issuing said order at the close of the current formation.

9. The method of claim 8, further comprising:

receiving, over the communications network, a message indicating that the trader has activated the third button;

generating an order to sell a predefined amount of long shares in the financial interest and/or an order to repurchase a predefined amount of short shares in the financial interest; and

issuing said order at the close of the current formation.