Method and system for providing automatic execution of black box strategies for electronic trading
First Claim
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1. A method for automatically executing a black box trading entity, comprising:
- creating the black box trading entity from two or more real or synthetic trading instruments or contracts on a first application on a target network device with one or more processors;
creating a black box trading strategy on the first application on the target network device for the black box trading entity to automatically and simultaneously execute one or more electronic trades for the black box trading entity in one or more electronic trading markets, wherein the two or more trades in the black box trading strategy have a pre-determined relationship;
sending the black box trading entity and the black box trading strategy to a second application on a server network device with one or more processors via a communications network to automatically execute the one or more electronic trades for the black box trading entity, thereby making the execution of the one or more electronic trades for the black box trading entity faster and more reliable than executing the one or more electronic trades via the first application on the target network device alone;
receiving simultaneously on the first application on the target network device and on the second application on the server network device two or more sets of electronic trading information from one or more electronic trading exchanges including electronic trading information for the two or more real or synthetic trading entities for the black box trading entity via the communications network;
automatically executing on the second application on the server network device the black box trading strategy created for the black box trading entity the one or more electronic trades for the black box trading entity;
displaying automatically via the first application on the target network device selected ones of the two or more sets of electronic trading information on an aggregate book view/ask bid volume (ABV) window on a graphical user interface with a plurality of graphical windows used for electronic trading, including displaying bid size and bid offer by price in a market depth format for the two or more real or synthetic electronic trading entities used to create the black box trading entity and displaying prices in a dynamic price column in the ABV window,wherein the ABV window includes an order entry mode for entering a trade near, or away from a current last traded price,wherein the ABV window allows entering and canceling of electronic trading orders and automatically sending electronic trading orders entered into the ABV window at a selected price to the one or more electronic trading exchanges;
automatically and dynamically re-centering the dynamic price column in the ABV window upon a current last traded price that continuously and dynamically changes with price fluctuations in the current last traded price; and
automatically requesting via the ABV window on the first application on the target network device one or more additional electronic trades be executed for the black box trading entity on the one or more electronic trading exchanges, wherein the one or more additional electronic trades are automatically sent to the second application on the server network device by the ABV window for execution.
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Abstract
A method and system for providing automatic execution of black box trading strategies for electronic trading. A black box trading entity is created from two or more real or synthetic trading entities including real or synthetic contracts or financial instruments. The black box trading entity is automatically traded via one or more electronic trading exchanges on a client device and/or a server device and/or a combination thereof, thereby making the execution of electronic trades for the black box trading entity faster and more reliable than when executing on one network device alone.
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Citations
20 Claims
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1. A method for automatically executing a black box trading entity, comprising:
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creating the black box trading entity from two or more real or synthetic trading instruments or contracts on a first application on a target network device with one or more processors; creating a black box trading strategy on the first application on the target network device for the black box trading entity to automatically and simultaneously execute one or more electronic trades for the black box trading entity in one or more electronic trading markets, wherein the two or more trades in the black box trading strategy have a pre-determined relationship; sending the black box trading entity and the black box trading strategy to a second application on a server network device with one or more processors via a communications network to automatically execute the one or more electronic trades for the black box trading entity, thereby making the execution of the one or more electronic trades for the black box trading entity faster and more reliable than executing the one or more electronic trades via the first application on the target network device alone; receiving simultaneously on the first application on the target network device and on the second application on the server network device two or more sets of electronic trading information from one or more electronic trading exchanges including electronic trading information for the two or more real or synthetic trading entities for the black box trading entity via the communications network; automatically executing on the second application on the server network device the black box trading strategy created for the black box trading entity the one or more electronic trades for the black box trading entity; displaying automatically via the first application on the target network device selected ones of the two or more sets of electronic trading information on an aggregate book view/ask bid volume (ABV) window on a graphical user interface with a plurality of graphical windows used for electronic trading, including displaying bid size and bid offer by price in a market depth format for the two or more real or synthetic electronic trading entities used to create the black box trading entity and displaying prices in a dynamic price column in the ABV window, wherein the ABV window includes an order entry mode for entering a trade near, or away from a current last traded price, wherein the ABV window allows entering and canceling of electronic trading orders and automatically sending electronic trading orders entered into the ABV window at a selected price to the one or more electronic trading exchanges; automatically and dynamically re-centering the dynamic price column in the ABV window upon a current last traded price that continuously and dynamically changes with price fluctuations in the current last traded price; and automatically requesting via the ABV window on the first application on the target network device one or more additional electronic trades be executed for the black box trading entity on the one or more electronic trading exchanges, wherein the one or more additional electronic trades are automatically sent to the second application on the server network device by the ABV window for execution. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. One or more processors including a non-transitory computer readable medium having stored therein a plurality of instructions for causing the one or more processors to execute a method for automatically executing a black box trading entity, the method comprising:
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creating the black box trading entity from two or more real or synthetic trading instruments or contracts on a first application on a target network device with one or more processors; creating a black box trading strategy on the first application on the target network device for the black box trading entity to automatically and simultaneously execute one or more electronic trades for the black box trading entity in one or more electronic trading markets, wherein the two or more trades in the black box trading strategy have a pre-determined relationship; sending the black box trading entity and the black box trading strategy to a second application on a server network device with one or more processors via a communications network to automatically execute the one or more electronic trades for the black box trading entity, thereby making the execution of the one or more electronic trades for the black box trading entity faster and more reliable than executing the one or more electronic trades via the first application on the target network device alone; receiving simultaneously on the first application on the target network device and on the second application on the server network device two or more sets of electronic trading information from one or more electronic trading exchanges including electronic trading information for the two or more real or synthetic trading entities for the black box trading entity via the communications network; automatically executing on the second application on the server network device the black box trading strategy created for the black box trading entity the one or more electronic trades for the black box trading entity; displaying automatically via the first application on the target network device selected ones of the two or more sets of electronic trading information on an aggregate book view/ask bid volume (ABV) window on a graphical user interface with a plurality of graphical windows used for electronic trading, including displaying bid size and bid offer by price in a market depth format for the two or more real or synthetic electronic trading entities used to create the black box trading entity and displaying prices in a dynamic price column in the ABV window, wherein the ABV window includes an order entry mode for entering a trade near, or away from a current last traded price, wherein the ABV window allows entering and canceling of electronic trading orders and automatically sending electronic trading orders entered into the ABV window at a selected price to the one or more electronic trading exchanges; automatically and dynamically re-centering the dynamic price column in the ABV window upon a current last traded price that continuously and dynamically changes with price fluctuations in the current last traded price; and automatically requesting via the ABV window on the first application on the target network device one or more additional electronic trades be executed for the black box trading entity on the one or more electronic trading exchanges, wherein the one or more additional electronic trades are automatically sent to the second application on the server network device by the ABV window for execution.
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17. A system for automatically executing a black box trading entity, comprising in combination:
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means for creating the black box trading entity from two or more real or synthetic trading instruments or contracts on a first application on a target network device with one or more processors; means for creating a black box trading strategy on the first application on the target network device for the black box trading entity to automatically and simultaneously execute one or more electronic trades for the black box trading entity in one or more electronic trading markets, wherein the two or more trades in the black box trading entity have a pre-determined relationship; means for sending the black box trading entity and the black box trading strategy to a second application on a server network device with one or more processors via a communications network to automatically execute the one or more electronic trades for the black box trading entity, thereby making the execution of the one or more electronic trades for the black box trading entity faster and more reliable than executing the one or more electronic trades via the first application on the target network device alone; means for receiving simultaneously on the first application on the target network device and on the second application on the server network device two or more sets of electronic trading information from one or more electronic trading exchanges including electronic trading information for the two or more real or synthetic trading entities for the black box trading entity via the communications network; means for automatically executing on the second application on the server network device with the black box trading strategy created for the black box trading entity the one or more electronic trades for the black box trading entity; means for displaying automatically via the first application on the target network device selected ones of the two or more sets of electronic trading information on an aggregate book view/ask bid volume (ABV) window on a graphical user interface with a plurality of graphical windows used for electronic trading, including displaying bid size and bid offer by price in a market depth format for the two or more real or synthetic electronic trading entities used to create the black box trading entity and displaying prices in a dynamic price column in the ABV window, wherein the ABV window includes an order entry mode for entering a trade near, or away from a current last traded price, wherein the ABV window allows entering and canceling of electronic trading orders and automatically sending electronic trading orders entered into the ABV window at a selected price to the one or more electronic trading exchanges; means for automatically and dynamically re-centering the dynamic price column in the ABV window upon a current last traded price that continuously and dynamically changes with price fluctuations in the current last traded price; and means for automatically requesting via the ABV window on the first application on the target network device one or more additional electronic trades be executed for the black box trading entity on the one or more electronic trading exchanges, wherein the one or more additional electronic trades are automatically sent to the second application on the server network device by the ABV window for execution. - View Dependent Claims (18, 19, 20)
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Specification