Rich graphical control interface for algorithmic trading engine

• US 7,904,376 B2
• Filed: 04/06/2007
• Issued: 03/08/2011
• Est. Priority Date: 04/28/2006
• Status: Active Grant

• Current Assignee: Portware LLC (FactSet Research Systems Incorporated)
• Original Assignee: Aritas Group, Inc.
• Inventors: Shapiro, Andrew, Dempsey, Ian, Gamse, Brent, Burmeister, Abe, Waelbroeck, Henri
• Primary Examiner(s): Havan; Thu Thao
• Application Number:
  US11/783,254
• Publication Number:
  US 20080040255A1
• Time in Patent Office: 1,432 Days
• Field of Search: 705 37- 38, 705/36.R
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A graphical user interface is used along with an automated algorithm selection function to enable market participants to initiate automated, multi-algorithm trading strategies through a single drag and drop motion. A symbol representing a security can be dragged and dropped onto an icon representing a tactical or strategic algorithm. Other features of the graphical user interface show information such as the progress of the algorithms.

Claims

1. A computer system comprising one or more processors programmed to:

(a) transmit data sufficient to describe a graphical user interface to be displayed to a user, said graphical user interface comprising one or more icons, each of said one or more icons representing a trading algorithm;

(b) receive from said user data describing order execution parameters for a securities trading order; and

(c) transmit data sufficient to enable said graphical user interface to display to said user a comparative indication of expected rate of execution for trading algorithms associated with said one or more icons, based on said order execution parameters.

3. A computer system as in claim 1, wherein said one or more processors are further programmed to transmit data sufficient to enable said graphical user interface to display to said user information describing characteristic behaviors of trading algorithms associated with said one or more icons.

4. A computer system as in claim 1, wherein said one or more processors are further programmed to transmit data sufficient to enable said graphical user interface to display to said user a comparative indication of expected rate of execution for trading algorithms associated with said one or more icons, based on said order execution parameters.

5. A computer system as in claim 1, wherein said comparative indication indicates where each of said trading algorithms associated with said one or more icons falls on a scale of aggressiveness relative to others of said trading algorithms associated with said one or more icons.

6. A computer system as in claim 1, wherein said comparative indication indicates where each of said trading algorithms associated with said one or more icons falls on a scale of aggressiveness as compared to a percentage scale corresponding to expected rates of execution.

7. A computer system as in claim 1, wherein said comparative indication appears on said graphical user interface when said user drags a security symbol over one of said icons.

2. A computer system comprising one or more processors programmed to:

(a) transmit data sufficient to describe a graphical user interface to be displayed to a user, said graphical user interface comprising one or more icons, each of said one or more icons representing a trading algorithm;

(b) receive from said user data describing order execution parameters for a securities trading order; and

(c) transmit data sufficient to enable said graphical user interface to display to said user information describing characteristic behaviors of trading algorithms associated with said one or more icons.

8. A computer system as in claim 2, wherein said information describing characteristic behaviors of trading algorithms associated with said one or more icons appears on said graphical user interface when said user drags a security symbol over one of said icons.