SYSTEMS AND METHODS FOR AUTOMATING SECURITIES TRADING

• US 20160253754A1
• Filed: 02/27/2015
• Published: 09/01/2016
• Est. Priority Date: 02/27/2015
• Status: Abandoned Application

• Current Assignee: Tevel Apolo Trade Technologies Limited
• Original Assignee: Tevel Apolo Trade Technologies Limited
• Inventors: BEN-PORAT, Arie Hacohen, FEIVELSON, Naftali, GREENSTEIN, Yaacov, GERSHON, Dvora
• Application Number:
  US14/633,225
• Publication Number:
  US 20160253754A1
• 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, system and computer program product for automatic securities trading. A graphical user interface comprising one or more spreadsheets is provided. Each of the spreadsheets comprises: a first section for receiving and displaying securities data; and a second section for receiving and displaying trading orders. Each of the trading orders comprises an execution trigger parameter, a volume parameter, a price parameter and a status parameter, which parameters are defined in spreadsheet cells. The securities data in the first section is repeatedly updated and the execution trigger parameters of the trading orders are repeatedly evaluated. Trading orders are executed responsive to a determination that the condition specified by the execution trigger parameter associated therewith is met.

Claims

1. A computerized system comprising:

a graphical user interface configured to provide a workspace comprising one or more spreadsheets, each of the one or more spreadsheets comprising;

a first section comprising a plurality of spreadsheet cells for displaying securities data of one or more securities selected by a user;

a second section comprising a plurality of segments composed of spreadsheet cells for receiving one or more trading orders of one or more securities, wherein each segment is associated with a trading order of a security, wherein each segment comprises an execution trigger cell, a volume cell, a price cell and a status cell, wherein the execution trigger cell defines a condition for executing the trading order, wherein the volume cell defines a volume of the security to be traded, wherein the price cell defines a price for the security in the trading order, wherein the status cell indicates an execution status of the trading order;

a processor configured to repeatedly retrieve the securities data and update the first section;

wherein said processor is further configured to evaluate the execution trigger cell of each segment, wherein responsive to the condition of the execution trigger cell being met, said processor is configured to send the trading order for execution;

wherein said processor is further configured to update the status cell in response to the trading order being completed successfully.

2. The system of claim 1, wherein the securities data comprise at least one of:

market data; and

fundamental data.

3. The system of claim 1, wherein a value of at least one of the execution trigger cell, the volume cell and the price cell is defined using a formula which is a function of one or more values of other spreadsheet cells in the workspace.

4. The system of claim 3, wherein the formula is a function of a value of at least one of the following:

a securities data attribute of a security displayed in the first section; and

a spreadsheet cell in a segment which relates to another trading order.

5. The system of claim 3, wherein said processor is further configured to decompose the formula to atomic components and analyze each of the atomic components, said processor is configured to generate a generalized formula based on the atomic components, which generalized formula is retrievable by a user to be applied on a selected one or more securities when entered as input to a cell in a segment of said second section.

6. The system of claim 1, wherein a value of the execution trigger cell is defined based on a value of a status cell in a segment which relates to another trading order.

7. The system of claim 1, wherein said processor is further configured to:

re-evaluate a value of a cell of a segment in which the condition of the execution trigger cell was evaluated to be met and prior to the trading order being completed;

responsive to the value being changed, sending a modifying instruction to modify the trading order accordingly.

8. The system of claim 1, wherein each segment further comprises:

a symbol cell defining a symbol of the security upon which the trading order is performed; and

a buy/sell cell defining whether the trading order is a buy order or a sell order.

9. The system of claim 1, wherein each segment further comprises one or more execution information cells displaying information of plurality of executions of the trading order, wherein said processor is further configured to update the one or more execution information cells in response to the progress in execution of the trading order.

10. The system of claim 9, wherein the one or more execution information cells comprise at least one of:

an executed volume cell displaying an executed volume of securities traded by the trading order being completed successfully in a current iteration;

an executed price cell displaying an execution price of securities traded by the trading order being completed successfully in a current iteration;

a pending volume cell displaying a pending volume of securities to be traded by the trading order being sent for execution in a current iteration;

a pending price cell displaying a pending price of securities to be traded by the trading order being sent for execution in a current iteration;

an aggregated executed volume cell displaying aggregated executed volume over all iterations;

an aggregated executed price cell displaying average executed price over all iterations;

an aggregated pending volume cell displaying aggregated pending volume over all iterations; and

an aggregated pending price cell displaying average pending price over all iterations.

11. The system of claim 9, wherein a value of at least one spreadsheet cell of a first segment associated with a first trading order is defined as a formula of a value of an execution information cell in a second segment associated with a second trading order, whereby the first trading order is defined after the second trading order is sent for execution and based on executed or pending values thereof.

12. The system of claim 1, wherein the securities data is obtained from a server of a trading system, wherein said server is connected to the computerized system via a computerized network.

13. The system of claim 1, wherein each of the one or more spreadsheets further comprising:

a third section comprising a plurality of segments composed of spreadsheet cells for receiving one or more trading strategies, wherein each segment is associated with a trading strategy, wherein each segment comprises an enable/disable cell, wherein each segment defines a grouping of one or more trading orders defined in the second segment; and

wherein said processor is further configured to avoid sending for execution the one or more trading orders which are associated with a trading strategy for which the enable/disable cell is set to disable execution.

14. The system of claim 1, wherein each of the one or more spreadsheets further comprises:

a third section comprising a plurality of segments composed of spreadsheet cells for receiving one or more trading strategies, wherein each segment is associated with a trading strategy, wherein each segment defines a grouping of one or more trading orders defined in the second segment; and

wherein each segment in the third section comprises a repetitive cell, wherein the repetitive cell defines a condition for repeating the trading strategy of the segment, wherein responsive to the condition of the repetitive cell being met, said processor is configured to reset the status cells of the one or more segments grouped by the trading strategy, whereby the trading orders defined by the one or more segments grouped by the trading strategy are reset for execution and upon the conditions in their respective execution trigger cells being met, the trading orders are executed.

15. The system of claim 1, wherein the securities comprise one or more options, wherein the processor is further configured to update the display in said first section by replacing a first option with a second option responsive to expiry of the first option, wherein the second option having the same put/call position, strike price and underlying asset as the first option, wherein the second option is set to expire on a later date than the first option.

16. The system of claim 1, wherein the first section comprising a plurality of segments for displaying a timeline of securities data of a security over a time period, wherein each segment is associated with a tick, wherein each segment comprises securities data of the security at the tick.

17. A computerized system comprising:

a graphical user interface configured to provide a workspace comprising one or more spreadsheets, each of the one or more spreadsheets comprising;

a first section comprising a plurality of spreadsheet cells for displaying securities data of one or more securities selected by a user;

a second section comprising a plurality of segments composed of spreadsheet cells for receiving one or more trading orders of one or more securities, wherein each segment is associated with a trading order of a security, wherein each segment comprises an execution trigger cell, a volume cell, a price cell and a status cell, wherein the execution trigger cell defines a condition for executing the trading order, wherein the volume cell defines a volume of the security to be traded, wherein the price cell defines a price for the security in the trading order, wherein the status cell indicates an execution status of the trading order;

a processor configured to repeatedly retrieve the securities data and update the first section based on a historic database;

wherein said processor is further configured to evaluate the execution trigger cell of each segment, wherein responsive to the condition of the execution trigger cell being met, said processor is configured to simulate execution of the trading order and update the status cell accordingly.

18. A computer-implemented method comprising:

repeatedly retrieving securities data of one or more securities and updating a first section of a spreadsheet, wherein the spreadsheet is displayed by a graphical user interface of a computer;

receiving, using the spreadsheet, one or more trading orders of the one or more securities, each of which trading orders comprises an execution trigger parameter, a volume parameter, a price parameter and a status parameter, wherein the execution trigger parameter defines a condition for executing the trading order, wherein the volume parameter defines a volume of the security to be traded, wherein the price parameter defines a price for the security in the trading order, wherein the status parameter indicates an execution status of the trading order, wherein the one or more trading orders are received and displayed in a second section of the spreadsheet, wherein each trading order is defined in a segment of the second section, wherein each parameter is defined in a spreadsheet cell;

evaluating the execution trigger parameter of each trading order;

responsive to the condition of the execution trigger parameter being met, sending the trading order for execution; and

,

updating the status parameter in response to the trading order being completed successfully, whereby the spreadsheet is updated to reflect the successful completion of the trading order;

wherein said repeatedly retrieving, said receiving, said evaluating, said sending and said updating are performed by a processor.

19. The method of claim 18, wherein a value of at least one of the execution trigger parameter, the volume parameter and the price parameter is defined using a formula which is a function of one or more values of other parameters associated with the one or more trading orders as defined in the spreadsheet.

20. The method of claim 18, wherein a value of the execution trigger parameter is defined based on a value of a status parameter of another trading order.

21. The method of claim 18, further comprising performing by a processor:

re-evaluating one or more parameters of a trading order for which the condition of the execution trigger parameter was evaluated to be met and prior to the trading order being completed;

updating the spreadsheet according to the re-evaluated value of the one or more parameters; and

responsive to a value of the one or more parameters being changed, sending a modifying instruction to modify the trading order accordingly.

22. A computer program product comprising a computer readable storage medium retaining program instructions, which program instructions when read by a processor, cause the processor to perform the method of claim 18.