Method and system for intelligent automated security trading via the internet
First Claim
1. A method of real time intelligent automated security trading via a wireless Internet, including but not limited to stock trading, futures trading, options trading, bonds trading and foreign currencies trading, comprising steps of:
- providing an Automated Trading Service Center (ATSC) implemented by a web server offering a Home Page Service (HPS) and built a quote processing engine linking to at least one security exchange, an investor'"'"'s trading unit implemented by a desktop or mobile computing platform and built an order execution engine, and an on-line security broker built an order processing engine, wherein the ATSC, the investor'"'"'s trading unit, the on-line security broker and at least one security exchange communicate with each other via the wireless Internet;
a first part of the method under control of the Automated Trading Service Center (ATSC) having steps of;
engineering at least one decision making engine for each new investor by the HPS, wherein the decision making engine links to the quote processing engine and the engineering step has steps of;
providing a specification development cycle, wherein an investor accesses the HPS via the wireless Internet to set the investor'"'"'s investment strategy specification at the investor'"'"'s own discretion;
providing a coding development cycle for coding the investor'"'"'s investment strategy specification generated to form a decision making engine, which executes the investor'"'"'s proprietary investment strategy;
providing a simulation testing cycle for simulating algorithms of the investor'"'"'s investment strategy by integrating the developed decision making engine and the quote processing engine;
managing daily account activities for each active trader;
promoting automated trading services to prospective customers; and
under control of the ATSC executing at least one custom developed automated security trading system having steps of;
retrieving market information from the at least one security exchange by the quote processing engine periodically, wherein the market information at least has fluctuation quotation and market open/close trading time in real time;
monitoring the market open/close trading times;
making investment decisions by periodically analyzing and calculating the market information to automatically determine each investor'"'"'s desirable buy/sell timing in accordance with each investor'"'"'s own investment strategy algorithms implemented in the corresponding decision making engine; and
notifying the investor'"'"'s trading unit of an investment instruction whenever timing of placing an order is detected based on the investment decisions;
a second part of the method under control of the investor'"'"'s trading unit having a home page service access interface and an order execution engine and performing subsequent functions of the order execution engine having steps of;
receiving investment instructions from the ATSC;
executing an order placing process, wherein an order is automatically sent; and
setting an operation mode to an auto trading mode, which is operated in the order execution engine and comprising steps of;
receiving notification to place orders from the decision making engine;
sending orders automatically to the order processing engine located at the on-line security broker; and
judging whether the market trading time is due to end today'"'"'s operation when time is out, wherein if a judging result is positive the auto trading mode is ended, but if not, go back to the receiving notification step; and
a third part of the method under the control of the on-line security broker performing subsequent functions of the order processing engine having steps of;
receiving the orders from the second part in the investor'"'"'s trading unit; and
finalizing transactions with the at least one security exchange, wherein the on-line security broker completes the transaction by executing the order placing process of the investor'"'"'s trading unit.
1 Assignment
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Accused Products
Abstract
A method and system for intelligent automated security trading via the Internet, which provides an Automated Trading Service Center (ATSC), offering a Home Page Service and managing at least one Virtual Fund Manager (VFM) syst. The ATSC is a wireless e-commerce service center providing automated trading services to investors anytime anywhere. By accessing the HPS, the investor can interact with ATSC to develop a custom investment strategy based personal VFM system to automatically trade electronic trading based securities. The VFM is a real time running program incorporated by four engines: the Quote Processing Engine, the Decision Making Engine, the Order Execution Engine, and the Order Processing Engine. Under commands of ATSC server, the VFM can periodically retrieve quotation from the security exchange, monitor the market fluctuation by performing intensive calculations to detect the desired Buy/Sell timing as predetermined by investor'"'"'s proprietary investment strategy algorithms, and ultimately execute the transaction automatically.
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Citations
4 Claims
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1. A method of real time intelligent automated security trading via a wireless Internet, including but not limited to stock trading, futures trading, options trading, bonds trading and foreign currencies trading, comprising steps of:
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providing an Automated Trading Service Center (ATSC) implemented by a web server offering a Home Page Service (HPS) and built a quote processing engine linking to at least one security exchange, an investor'"'"'s trading unit implemented by a desktop or mobile computing platform and built an order execution engine, and an on-line security broker built an order processing engine, wherein the ATSC, the investor'"'"'s trading unit, the on-line security broker and at least one security exchange communicate with each other via the wireless Internet; a first part of the method under control of the Automated Trading Service Center (ATSC) having steps of; engineering at least one decision making engine for each new investor by the HPS, wherein the decision making engine links to the quote processing engine and the engineering step has steps of; providing a specification development cycle, wherein an investor accesses the HPS via the wireless Internet to set the investor'"'"'s investment strategy specification at the investor'"'"'s own discretion; providing a coding development cycle for coding the investor'"'"'s investment strategy specification generated to form a decision making engine, which executes the investor'"'"'s proprietary investment strategy; providing a simulation testing cycle for simulating algorithms of the investor'"'"'s investment strategy by integrating the developed decision making engine and the quote processing engine; managing daily account activities for each active trader; promoting automated trading services to prospective customers; and under control of the ATSC executing at least one custom developed automated security trading system having steps of; retrieving market information from the at least one security exchange by the quote processing engine periodically, wherein the market information at least has fluctuation quotation and market open/close trading time in real time; monitoring the market open/close trading times; making investment decisions by periodically analyzing and calculating the market information to automatically determine each investor'"'"'s desirable buy/sell timing in accordance with each investor'"'"'s own investment strategy algorithms implemented in the corresponding decision making engine; and notifying the investor'"'"'s trading unit of an investment instruction whenever timing of placing an order is detected based on the investment decisions; a second part of the method under control of the investor'"'"'s trading unit having a home page service access interface and an order execution engine and performing subsequent functions of the order execution engine having steps of; receiving investment instructions from the ATSC; executing an order placing process, wherein an order is automatically sent; and setting an operation mode to an auto trading mode, which is operated in the order execution engine and comprising steps of; receiving notification to place orders from the decision making engine; sending orders automatically to the order processing engine located at the on-line security broker; and judging whether the market trading time is due to end today'"'"'s operation when time is out, wherein if a judging result is positive the auto trading mode is ended, but if not, go back to the receiving notification step; and a third part of the method under the control of the on-line security broker performing subsequent functions of the order processing engine having steps of; receiving the orders from the second part in the investor'"'"'s trading unit; and finalizing transactions with the at least one security exchange, wherein the on-line security broker completes the transaction by executing the order placing process of the investor'"'"'s trading unit. - View Dependent Claims (2, 3, 4)
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Specification