System and method for analyzing and searching financial instrument data

• US 7,797,215 B1
• Filed: 06/26/2003
• Issued: 09/14/2010
• Est. Priority Date: 06/26/2002
• Status: Expired due to Fees

• Current Assignee: Power Financial Group, Inc.
• Original Assignee: Power Financial Group, Inc.
• Inventors: Zerenner, Ernest H., Segal, Gilbert A., Zerenner, Gregory James
• Primary Examiner(s): Patel, Jagdish N.
• Assistant Examiner(s): Bartley, Kenneth
• Application Number:
  US10/607,418
• Time in Patent Office: 2,637 Days
• Field of Search: 705/35, 705/36.R
• US Class Current: 705/36.00R
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Exemplary systems and methods for analyzing and searching financial instrument data respond to user defined searches using updated financial market data. Potential returns from different investment strategies can be viewed together so that the returns and risks can be compared and contrasted. The effect on various option strategies of a change in the price of the underlying stock can be analyzed. Potential investment opportunities relating to an existing investment position can be identified. Stock repair opportunities relating to a selected stock investment can be identified and implemented.

Claims

1. A computer-implemented method of processing user defined requests for financial instrument data, comprising:

at a server computing system receiving financial data from at least one data source, the financial data comprising data corresponding to at least a set of financial instruments;

at the server computing system maintaining the received financial data in a database;

at the server computing system deriving values for a set of searchable parameters corresponding to the set of financial instruments by processing the financial data;

at the server computing system maintaining the derived values for the set of searchable parameters in the database;

at the server computing system receiving user defined search criteria for searching the searchable parameters corresponding to the set of financial instruments;

at the server computing system searching the values derived for the set of searchable parameters for values satisfying the user defined search criteria;

at the server computing system identifying a subset of financial instruments corresponding to values for the set of searchable parameters satisfying the user defined search criteria, the subset of financial instruments representing a subset of the set of financial instruments;

at the server computing system, automatically in response to identifying the subset of financial instruments and prior to transmitting information identifying the subset of financial instruments and values for the set of searchable parameters satisfying the user defined search criteria, requesting updated financial data for the identified subset of financial instruments;

at the server computing system prior to transmitting information identifying the subset of financial instruments and values for the set of searchable parameters satisfying the user defined search criteria, receiving updated financial data for the identified subset of financial instruments in response to the request for updated financial data;

at the server computing system prior to transmitting information identifying the subset of financial instruments and values for the set of searchable parameters satisfying the user defined search criteria, deriving updated values for the set of searchable parameters corresponding to the identified subset of financial instruments by processing the updated financial data; and

at the server computing system transmitting information identifying the subset of financial instruments and the updated values for the set of searchable parameters corresponding to the identified subset of financial instruments.

2. The method of claim 1, further comprising at the server computing system ordering the updated values for a set of searchable parameters corresponding to the identified subset of financial instruments.

3. The method of claim 1, wherein requesting updated financial data for the identified subset of financial instruments comprises requesting financial data from a plurality of sources.

4. The method of claim 1, wherein transmitting the updated values for the set of searchable parameters corresponding to the identified subset of financial instruments comprises transmitting data for display by a Web browser.

5. The method of claim 1, wherein the financial instruments are stock options.

6. The method of claim 1, wherein the financial data relates to stocks and stock options.

7. A computer-implemented method of processing user defined requests for financial instrument data, comprising:

at a server computing system receiving financial data from at least one data source, the financial data comprising data corresponding to at least a set of financial instruments;

at the server computing system maintaining the received financial data in a database;

at the server computing system deriving values for a set of searchable parameters corresponding to the set of financial instruments by processing the financial data;

at the server computing system maintaining the derived values for the set of searchable parameters in the database;

at the server computing system identifying a subset of financial instruments from the set of financial instruments having values for the set of searchable parameters satisfying user defined search criteria;

at the server computing system, automatically in response to identifying the subset of financial instruments and prior to transmitting information identifying the subset of financial instruments and values for the set of searchable parameters satisfying the user defined search criteria, requesting updated financial data for the identified subset of financial instruments;

at the server computing system prior to transmitting information identifying the subset of financial instruments and values for the set of searchable parameters satisfying the user defined search criteria, receiving updated financial data for the identified subset of financial instruments in response to the request for updated financial data;

at the server computing system prior to transmitting information identifying the subset of financial instruments and values for the set of searchable parameters satisfying the user defined search criteria, deriving updated values for the set of searchable parameters corresponding to the identified subset of financial instruments by processing the updated financial data; and

at the server computing system transmitting the updated values for the set of searchable parameters corresponding to the identified subset of the set of financial instruments.

8. The method of claim 7, further comprising at the server computing system receiving the user defined search criteria for searching the searchable parameters corresponding to the financial instruments.

9. The method of claim 7, wherein the financial instruments are stock options.

10. A computer readable storage medium having instructions stored thereon that, if executed by a server computing system, cause the computing system to perform operations comprising:

at the server computing system receiving financial data from at least one data source, the financial data comprising data corresponding to at least a set of financial instruments;

at the server computing system maintaining the received financial data in a database;

at the server computing system deriving values for a set of searchable parameters corresponding to the set of financial instruments by processing the financial data;

at the server computing system maintaining the derived values for the set of searchable parameters in the database;

at the server computing system receiving user defined search criteria for searching the searchable parameters corresponding to the set of financial instruments;

at the server computing system searching the values derived for the set of searchable parameters for values satisfying the user defined search criteria;

at the server computing system identifying a subset of financial instruments corresponding to values for the set of searchable parameters satisfying the user defined search criteria, the subset of financial instruments representing a subset of the set of financial instruments;

at the server computing system, automatically in response to identifying the subset of financial instruments and prior to transmitting information identifying the subset of financial instruments and values for the set of searchable parameters satisfying the user defined search criteria, requesting updated financial data for the identified subset of financial instruments;

at the server computing system prior to transmitting information identifying the subset of financial instruments and values for the set of searchable parameters satisfying the user defined search criteria, receiving updated financial data for the identified subset of financial instruments in response to the request for updated financial data;

at the server computing system prior to transmitting information identifying the subset of financial instruments and values for the set of searchable parameters satisfying the user defined search criteria, deriving updated values for the set of searchable parameters corresponding to the identified subset of financial instruments by processing the updated financial data; and

at the server computing system transmitting information identifying the subset of financial instruments and the updated values for the set of searchable parameters corresponding to the identified subset of financial instruments.

11. The computer readable storage medium of claim 10, having instructions stored thereon that, if executed by a server computing system, cause the computing system to perform operations comprising:

at the server computing system ordering the updated values for a set of searchable parameters corresponding to the identified subset of financial instruments.

12. The computer readable storage medium of claim 10, wherein requesting updated financial data for the identified subset of financial instruments comprises requesting financial data from a plurality of sources.

13. The computer readable storage medium of claim 10, wherein transmitting the updated values for the set of searchable parameters corresponding to the identified subset of financial instruments comprises transmitting data for display by a Web browser.

14. The computer readable storage medium of claim 10, wherein the financial instruments are stock options.

15. The computer readable storage medium of claim 10, wherein the financial data relates to stocks and stock options.

16. A system for processing user defined requests for financial instrument data, comprising:

a computing processor;

a computing storage memory communicatively coupled to the computing processor, the computing storage memory having instructions stored thereon that, if executed by the computing processor, cause the computing processor to perform operations comprising;

receiving financial data from at least one data source, the financial data comprising data corresponding to at least a set of financial instruments;

maintaining the received financial data in a database;

deriving values for a set of searchable parameters corresponding to the set of financial instruments by processing the financial data;

maintaining the derived values for the set of searchable parameters in the database;

receiving user defined search criteria for searching the searchable parameters corresponding to the set of financial instruments;

searching the values derived for the set of searchable parameters for values satisfying the user defined search criteria;

identifying a subset of financial instruments corresponding to values for the set of searchable parameters satisfying the user defined search criteria, the subset of financial instruments representing a subset of the set of financial instruments;

automatically in response to identifying the subset of financial instruments and prior to transmitting information identifying the subset of financial instruments and values for the set of searchable parameters satisfying the user defined search criteria, requesting updated financial data for the identified subset of financial instruments;

prior to transmitting information identifying the subset of financial instruments and values for the set of searchable parameters satisfying the user defined search criteria, receiving updated financial data for the identified subset of financial instruments in response to the request for updated financial data;

prior to transmitting information identifying the subset of financial instruments and values for the set of searchable parameters satisfying the user defined search criteria, deriving updated values for the set of searchable parameters corresponding to the identified subset of financial instruments by processing the updated financial data; and

transmitting information identifying the subset of financial instruments and the updated values for the set of searchable parameters corresponding to the identified subset of financial instruments.

17. The system of claim 16, said computing storage memory having instructions stored thereon that, if executed by the computing processor, cause the computing processor to perform operations comprising:

ordering the updated values for a set of searchable parameters corresponding to the identified subset of financial instruments.

18. The system of claim 16, wherein requesting updated financial data for the identified subset of financial instruments comprises requesting financial data from a plurality of sources.

19. The system of claim 16, wherein transmitting the updated values for the set of searchable parameters corresponding to the identified subset of financial instruments comprises transmitting data for display by a Web browser.

20. The system of claim 16, wherein the financial instruments are stock options.

21. The system of claim 16, wherein the financial data relates to stocks and stock options.