Computerized stock exchange trading system automatically formatting orders from a spreadsheet to an order entry system

• US 6,134,535 A
• Filed: 09/19/1996
• Issued: 10/17/2000
• Est. Priority Date: 03/23/1994
• Status: Expired due to Fees

• Current Assignee: Belzberg Technologies, Inc. (FRONTLINE TECHNOLOGIES Incorporated)
• Original Assignee: Belzberg Technologies, Inc. (FRONTLINE TECHNOLOGIES Incorporated)
• Inventors: Belzberg, Sydney H.
• Primary Examiner(s): Voeltz, Emanuel Todd
• Assistant Examiner(s): KALINOWSKI, ALEXANDER G
• Application Number:
  US08/716,389
• Time in Patent Office: 1,489 Days
• Field of Search: 705/37, 705/35, 705/36, 345/333, 707/1, 707/3, 707/4, 707/5, 707/6, 707/10, 707/100, 707/102, 709/200, 709/207, 709/204, 709/217, 709/218, 709/219
• US Class Current: 705/36.00R
• 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

An improvement in computer automated stock exchange trading whereby a graphic user interface with a mouse and display is used to select parameters such as share symbol, price selection, order size, and transaction type, as well as other indicators to launch a trading order to the order entry system of a stock exchange computer. Further improvements include a programmed interface by which data on a group of shares may be read from a spreadsheet formulated into an order and launched automatically or in response to a signal from an operator so as to trade an index or basket of shares substantially instantaneously.

Claims

1. A computerized trading system comprising:

a display; and

a controller coupled to the display, the controller;

receiving data from an exchange,

transferring the received data to a spreadsheet,

selecting at least one group of data from the spreadsheet,

formatting the selected at least one group of data for transmission to an order entry system of the exchange, the formatting involving converting each item of the selected at least one group of data from the spreadsheet into a corresponding variable for insertion into a previously programmed list of commands of an order entry system of the exchange, and

transmitting the formatted selected at least one group of data to the order entry system of the exchange.

2. The system according to claim 1, wherein the data is received from the exchange in real time.

3. The system according to claim 1, wherein the formatted selected at least one group of data is transmitted based on at least one variable parameter.

4. The system according to claim 1, wherein the formatted selected at least one group of data is transmitted based on at least one predetermined parameter.

5. The system according to claim 1, further comprising an interface coupled to the controller, the interface interacting with the display and affecting the selecting, formatting and transmitting by the controller.

6. The system according to claim 1, wherein the at least one group of data is selected based on at least one variable parameter.

7. The system according to claim 6, further comprising an interface coupled to the controller, the interface interacting with the display, and wherein the selecting, formatting and transmitting by the controller are controlled based on the interaction of the interface with the display.

8. The system according to claim 1, wherein the at least one group of data is selected based on at least one predetermined parameter.

9. The system according to claim 8, further comprising an interface coupled to the controller, the interface interacting with the display, and wherein the selecting, formatting and transmitting by the controller are controlled based on the interaction of the interface with the display.

10. The system according to claim 1, wherein the display includes a graphic display.

11. The system according to claim 10, wherein the graphic display includes representations of symbol, price, order size and transaction type.

12. The system according to claim 1, further comprising an interface coupled to the controller.

13. The system according to claim 12, wherein the transmitting is affected by at least one operator interaction with the interface.

14. The system according to claim 12, wherein the selecting is affected by at least one operator interaction with the interface.

15. The system according to claim 12, wherein the interface is a mouse.

16. The system according to claim 12, wherein the interface is a mouse and a keyboard.

17. The system according to claim 12, wherein the interface securedly interacts with the display.

18. The system according to claim 17, wherein the secured interacting includes the prior input of a security code.

19. The system according to claim 12, wherein the interface interacts with the display.

20. The system according to claim 19, wherein the interface is a mouse, and the display includes a graphic display.

21. The system according to claim 19, wherein the selecting, formatting and transmitting by the controller are controlled based on the interaction of the interface with the display.

22. A computerized trading system comprising:

a display including a graphic display, the graphic display including representations of symbol, price, order size and transaction type;

a controller coupled to the display, the controller;

receiving data from an exchange in real time,

transferring the received data to a spreadsheet,

selecting at least one group of data from the spreadsheet,

formatting the selected at least one group of data for transmission to an order entry system of the exchange, the formatting involving converting each item of the selected at least one group of data from the spreadsheet into a corresponding variable for insertion into a previously programmed list of commands of an order entry system of the exchange, and

transmitting the formatted selected at least one group of data to the order entry system of the exchange; and

an interface coupled to the controller, the interface interacting with the graphic display, wherein the selecting, formatting and transmitting by the controller are controlled based on the interaction of the interface with the graphic display.

23. A method for computerized trading comprising the steps of:

receiving data from an exchange;

transferring the received data to a spreadsheet;

selecting at least one group of data from the spreadsheet;

formatting the selected at least one group of data for transmission to an order entry system of the exchange, the formatting involving converting each item of the selected at least one group of data from the spreadsheet into a corresponding variable for insertion into a previously programmed list of commands of an order entry system of the exchange; and

transmitting the formatted selected at least one group of data to the order entry system of the exchange.

24. The method according to claim 23, further comprising the step of processing the received data in the spreadsheet.

25. The method according to claim 23, further comprising the step of processing the received data from the spreadsheet.

26. The method according to claim 23, wherein the data is received from the exchange in real time.

27. The method according to claim 23, wherein the at least one group of data is selected based on at least one variable parameter.

28. The method according to claim 23, wherein the at least one group of data is selected based on at least one predetermined parameter.

29. The method according to claim 23, wherein the formatted selected at least one group of data is transmitted based on at least one variable parameter.

30. The method according to claim 23, wherein the formatted selected at least one group of data is transmitted based on at least one predetermined parameter.

31. The method according to claim 23, further comprising the step of an operator interacting with the spreadsheet, the operator interaction affecting the transmitting.

32. The method according to claim 23, further comprising the step of an operator interacting with the spreadsheet, the operator interaction affecting the selecting.

33. The method according to claim 23, further comprising the step of an operator interacting with the spreadsheet, the operator interaction affecting the selecting, formatting and transmitting.

34. The method according to claim 23, further comprising the step of evaluating the accessability by a user.

35. The method according to claim 23, further comprising the step of displaying spreadsheet data in a graphic format.

36. The method according to claim 35, wherein the graphic format includes representations of symbol, price, order size and transaction type.

37. A method for computerized trading comprising the steps of:

receiving data from an exchange in real time;

transferring the received data to a spreadsheet;

processing the received data in the spreadsheet;

selecting at least one group of data from the spreadsheet;

formatting the selected at least one group of data for transmission to an order entry system of the exchange, the formatting involving converting each item of the selected at least one group of data from the spreadsheet into a corresponding variable for insertion into a previously programmed list of commands of an order entry system of the exchange; and

transmitting the formatted selected at least one group of data to the order entry system of the exchange; and

displaying the spreadsheet in a graphic format.

38. A computerized trading system comprising:

a display;

a receiver, the receiver receiving data from an exchange in real time;

a controller coupled to the receiver and to the display, the controller;

automatically transferring the received data to a spreadsheet,

automatically selecting at least one group of data from the spreadsheet, based on at least one parameter,

automatically formatting the selected at least one group of data for transmission to an order entry system of the exchange, the formatting involving converting each item of the selected at least one group of data from the spreadsheet into a corresponding variable for insertion into a previously programmed list of commands of an order entry system of the exchange; and

a transmitter coupled to the controller, the transmitter transmitting the formatted selected at least one group of data to the order entry system of the exchange.

39. The system according to claim 38, wherein the at least one parameter is predetermined.

40. The system according to claim 38, wherein the at least one parameter is variable.

41. A method for computerized trading comprising the steps of:

automatically receiving data from an exchange in real time;

automatically transferring the received data to a spreadsheet;

automatically selecting at least one group of data from the spreadsheet, based on at least one parameter;

automatically formatting the selected at least one group of data for transmission to an order entry system of the exchange, the formatting involving converting each item of the selected at least one group of data from the spreadsheet into a corresponding variable for insertion into a previously programmed list of commands of an order entry system of the exchange; and

automatically transmitting the formatted selected at least one group of data to the order entry system of the exchange.

42. The system according to claim 41, wherein the at least one parameter is predetermined.

43. The system according to claims 41, wherein the at least one parameter is variable.

44. A computerized trading system comprising:

a display; and

a controller coupled to the display, the controller;

receiving data from an exchange,

transferring the received data to a spreadsheet,

selecting a plurality of transactions based on the data transferred to the spreadsheet,

formatting the selected plurality of transactions into one order for transmission to an order entry system of the exchange, the formatting involving converting each item of a selected at least one group of data from the spreadsheet into a corresponding variable for insertion into a previously programmed list of commands of the order entry system, and

transmitting the formatted order to the order entry system of the exchange for execution of each one of the plurality of transactions as a single transaction.

45. A computerized trading system comprising:

a display; and

a controller coupled to the display, the controller;

receiving data from an exchange,

transferring the received data to a spreadsheet as a plurality of data items,

capturing at least a portion of the data items transferred to the spreadsheet,

formatting each captured data item as a variable for insertion into a previously programmed list of commands of an order entry system of the exchange, and

performing a single transmit operation in order to transmit the list of commands to an order entry system of the exchange.

46. A method for computerized trading, comprising the steps of:

receiving data from an exchange;

transferring the received data to a spreadsheet;

selecting a plurality of transactions based on the data transferred to the spreadsheet;

formatting the selected plurality of transactions into one order for transmission to an order entry system of the exchange, the formatting involving converting each item of a selected at least one group of data from the spreadsheet into a corresponding variable for insertion into a previously programmed list of commands of an order entry system of the exchange; and

transmitting the formatted order to the order entry system of the exchange for execution of each one of the plurality of transactions as a single transaction.

47. A method for computerized trading, comprising the steps of:

receiving data from an exchange;

transferring the received data to a spreadsheet as a plurality of data items;

capturing at least a portion of the data items transferred to the spreadsheet;

formatting each captured data item as a variable for insertion into a list of commands, the formatting involving converting each item of a selected at least one group of data from the spreadsheet into a corresponding variable for insertion into a previously programmed list of commands of an order entry system of the exchange; and

performing a single transmit operation in order to transmit the list of commands to an order entry system of the exchange.

48. A computerized trading system comprising:

a display including a graphic display, the graphic display including representations of symbol, price, order size and transaction type;

a controller coupled to the display, the controller;

receiving data from an exchange in real time,

transferring the received data to a spreadsheet,

selecting a plurality of transactions based on the data transferred to the spreadsheet,

formatting the selected plurality of transactions into one order for transmission to an order entry system of the exchange, the formatting involving converting each item of a selected at least one group of data from the spreadsheet into a corresponding variable for insertion into a previously programmed list of commands of an order entry system of the exchange, and

transmitting the formatted order to the order entry system of the exchange for execution of each one of the plurality of transactions as a single transaction; and

an interface coupled to the controller, the interface interacting with the graphic display, wherein the selecting, formatting and transmitting by the controller are controlled based on the interaction of the interface with the graphic display.

49. A computerized trading system comprising:

a display including a graphic display, the graphic display including representations of symbol, price, order size and transaction type;

a controller coupled to the display, the controller;

receiving data from an exchange in real time,

transferring the received data to a spreadsheet as a plurality of data items,

capturing at least a portion of the data items transferred to the spreadsheet,

formatting each captured data item as a variable for insertion into a previously programmed list of commands of an order entry system of the exchange, and

performing a single transmit operation in order to transmit the list of commands to an order entry system of the exchange; and

an interface coupled to the controller, the interface interacting with the graphic display, wherein the capturing, formatting and transmitting by the controller are controlled based on the interaction of the interface with the graphic display.

50. A computerized trading system comprising:

a display;

a receiver, the receiver receiving data from an exchange in real time;

a controller coupled to the receiver and to the display, the controller;

automatically transferring the received data to a spreadsheet,

automatically selecting a plurality of transactions based on the data transferred to the spreadsheet, and

automatically formatting the selected plurality of transactions into one order for transmission to an order entry system of the exchange, the formatting involving converting each item of a selected at least one group of data from the spreadsheet into a corresponding variable for insertion into a previously programmed list of commands of an order entry system of the exchange; and

a transmitter coupled to the controller, the transmitter transmitting the formatted order to the order entry system of the exchange for execution of each one of the plurality of transactions as a single transaction.

51. A computerized trading system comprising:

a display;

a receiver, the receiver receiving data from an exchange in real time;

a controller coupled to the receiver and to the display, the controller;

automatically transferring the received data to a spreadsheet as a plurality of data items,

automatically capturing at least a portion of the data items transferred to the spreadsheet, and

automatically formatting each captured data item as a variable for insertion into a previously programmed list of commands of an order entry system of the exchange; and

a transmitter coupled to the controller, the transmitter performing a single transmit operation in order to transmit the list of commands to an order entry system of the exchange.

52. A method for computerized trading comprising the steps of:

automatically receiving data from an exchange in real time;

automatically transferring the received data to a spreadsheet;

automatically selecting a plurality of transactions based on the data transferred to the spreadsheet;

automatically formatting the selected plurality of transactions into one order for transmission to an order entry system of the exchange, the formatting involving converting each item of a selected at least one group of data from the spreadsheet into a corresponding variable for insertion into a previously programmed list of commands of an order entry system of the exchange; and

automatically transmitting the formatted order to the order entry system of the exchange for execution of each one of the plurality of transactions as a single transaction.

53. A method for computerized trading comprising the steps of:

automatically receiving data from an exchange in real time;

automatically transferring the received data to a spreadsheet as a plurality of data items;

automatically capturing at least a portion of the data items transferred to the spreadsheet;

automatically formatting each captured data item as a variable for insertion into a previously programmed list of commands of an order entry system of the exchange; and

automatically performing a single transmit operation in order to transmit the list of commands to an order entry system of the exchange.