Apparatus and system for defining an automated spread trading parameter
First Claim
Patent Images
1. An apparatus, comprising:
- a processor;
a communication device coupled to said processor and adapted to communicate with a trader device via a temporary computer communication channel; and
a storage device in communication with said processor and storing instructions adapted to be executed by said processor to;
receive via the communication device an indication of a first investment from said trader device;
receive via the communication device an indication of a second investment from the trader device;
store an association between the first investment and the second investment;
receive from the trader device a trading parameter to be associated with both the first and second investments, said receiving the trading parameter being performed via the communication device;
store the received trading parameter, in association with both the first and second investments, for use by an automated spread trading system;
retrieve the stored trading parameter; and
transmit the stored trading parameter, via the communication device, to the trader device for display to a trader.
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Abstract
According to one embodiment, an apparatus includes a communication device adapted to communicate with a trader device via a temporary communication channel (e.g., via a Web site). The apparatus may receive from the trader device a trading parameter for a pair of associated investments and store the parameter for subsequent use (e.g., to automatically generate orders in accordance with a spread trading strategy).
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Citations
31 Claims
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1. An apparatus, comprising:
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a processor; a communication device coupled to said processor and adapted to communicate with a trader device via a temporary computer communication channel; and a storage device in communication with said processor and storing instructions adapted to be executed by said processor to; receive via the communication device an indication of a first investment from said trader device; receive via the communication device an indication of a second investment from the trader device; store an association between the first investment and the second investment; receive from the trader device a trading parameter to be associated with both the first and second investments, said receiving the trading parameter being performed via the communication device; store the received trading parameter, in association with both the first and second investments, for use by an automated spread trading system; retrieve the stored trading parameter; and transmit the stored trading parameter, via the communication device, to the trader device for display to a trader. - View Dependent Claims (2, 3)
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4. A method to facilitate spread trading, comprising:
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receiving from a trader device an indication of a first investment; receiving from the trader device an indication of a second investment; storing an association between the first investment and the second investment; receiving from the trader device a trading parameter to be associated with both the first and second investments, said receiving the trading parameter being performed via a temporary computer communication channel; storing the received trading parameter, in association with both the first and second investments, for use by an automated spread trading system; retrieving the stored trading parameter; and transmitting the stored trading parameter, via the temporary computer communication channel, to the trader device for display to a trader. - View Dependent Claims (5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27)
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28. A computer-readable medium storing instructions adapted to be executed by a processor to perform a method to facilitate spread trading, said method comprising:
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receiving from a trader device an indication of a first investment; receiving from the trader device an indication of a second investment; storing an association between the first investment and the second investment; receiving from the trader device a trading parameter to be associated with both the first and second investments, said receiving the trading parameter being performed via a temporary computer communication channel; storing the received trading parameter, in association with both the first and second investments, for use by an automated spread trading system; retrieving the stored trading parameter; and transmitting the stored trading parameter, via the temporary computer communication channel, to the trader device for display to a trader.
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29. A method to facilitate spread trading, comprising:
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receiving from a trader device an indication of a first investment; receiving from the trader device an indication of a second investment; storing an association between the first investment and the second investment; receiving from the trader device a trading parameter to be associated with both the first and second investments, said receiving the trading parameter being performed via a computer communication channel potentially accessible by a plurality of unrelated trader devices; storing the received trading parameter, in association with both the first and second investments, for use by an automated spread trading system; retrieving the stored trading parameter; and transmitting the stored trading parameter, via the temporary computer communication channel, to the trader device for display to a trader.
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30. A method to facilitate spread trading, comprising:
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receiving from a trader device an indication of a first investment; receiving from the trader device an indication of a second investment; storing an association between the first investment and the second investment; receiving from the trader device a trading parameter to be associated with both the first and second investments, said receiving the trading parameter being performed via a public computer communication network; storing the received trading parameter, in association with both the first and second investments, for use by an automated spread trading system; retrieving the stored trading parameter; and transmitting the stored trading parameter, via the temporary computer communication channel to the trader device for display to a trader.
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31. A computer-implemented method to facilitate risk arbitrage trading, comprising:
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receiving a trader identifier via a Web site; verifying the trader identifier; receiving via the Web site the following information; an acquirer stock identifier, a target stock identifier, a selected risk arbitrage trading strategy, and an authorization to automatically generate orders in accordance with the strategy; storing the received acquirer stock identifier in association with the received target stock identifier; storing the received selected risk arbitrage trading strategy, in association with both the received acquirer stock identifier and received target stock identifier, for use by an automated spread trading system; retrieving the stored selected risk arbitrage trading strategy; and transmitting an indication of the selected risk arbitrage trading strategy via a communication network to a device associated with the trader identifier.
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Specification