Method and system for electronic trading via a yield curve

• US 20070112665A1
• Filed: 11/10/2006
• Published: 05/17/2007
• Est. Priority Date: 11/13/2005
• Status: Active Grant

• Current Assignee: Prime Trading LLC
• Original Assignee: Rosenthal Collins Group LLC (Marex Spectron Group Ltd.)
• Inventors: Mackey, Richard, Harvey, Edward
• Granted Patent: US 7,734,533 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method and system for providing electronic trading via yield curves. The method and system allow automatic execution of electronic trades with yield curve trading strategies using real, synthetic, black box, spread, and supply differential yield curve trading information.

Claims

1. A method for electronic training via yield a curve, comprising:

obtaining one or more sets of electronic trading strategy information on an application on a target device to automatically execute one or more electronic trades on one or more electronic trading exchanges via one or more yield curves created from the one or more sets of electronic trading strategy information;

continuously receiving one or more sets of electronic trading information on the application via a communications network from the one or more electronic trading exchanges;

automatically executing one or more electronic trades via the one or more created yield curves using the received one or more sets of electronic trading information; and

displaying results from any automatic execution of any electronic trades via the one or more yield curves in one or more graphical windows on a multi-windowed graphical user interface.

2. The method of claim 1 further comprising a computer readable medium having stored therein a plurality of instructions for causing one or more processors to execute the steps of the method.

3. The method of claim 1 wherein the obtaining step includes obtaining the one or more sets of electronic trading strategy information from a spreadsheet, a macro created for a spreadsheet, a data file, a database entry or via manual inputs.

4. The method of claim 3 wherein the spreadsheet, spreadsheet macro, data file, database entry or manual inputs may include pre-determined formulas, macros or other trading entities used to define a trading strategy for a yield curve.

5. The method of claim 1 wherein the obtaining step includes obtaining the one or more sets of electronic trading strategy information for real trades, synthetic trades, black box trades, trades for spreads, trades for supply differentials or any combination thereof.

6. The method of claim 1 wherein receiving step includes continuously receiving one or more sets of electronic trading information on the application via one or more application program interfaces (API), one or more fixed connections or one or more dynamic connections.

7. The method of claim 1 wherein the step of automatically executing one or more electronic trades via the one or more yield curves includes automatically executing one or more electronic trades based on one or two standard deviations of yield curve information calculated from the received one or more sets of electronic trading information.

8. The method of claim 1 wherein the displaying step includes displaying the results from any automatic execution of any electronic trades via the one or more yield curves on a order ticket graphical window, an aggregated book view graphical window or a yield curve graphical window.

9. The method of claim 1 wherein the displaying step includes displaying the results from any automatic execution of any electronic trades via the one or more yield curves using a plurality of different colors.

10. The method of claim 9 the plurality of different colors include a yellow color used when yield curve trading results are neutral, a green color used for electronic trading when yield curve trading results are positive and a red color used for electronic trading when yield curve trading results are negative.

11. A method for electronic training via a yield curve, comprising:

selecting one or more yield curves for electronic trading on an application on a target device, wherein the one or more yield curves include one or more pre-determined trading strategies;

continuously receiving results on the application via a communications network from one or more electronic trading exchanges for any automatic execution of any electronic trades via the one or more selected yield curves; and

displaying results from any automatic execution of any electronic trades via the one or more selected yield curves in one or more graphical windows on a multi-windowed graphical user interface.

12. The method of claim 11 further comprising a computer readable medium having stored therein a plurality of instructions for causing one or more processors to execute the steps of the method.

13. The method of claim 11 wherein the one or more yield curves for electronic trading includes electronic trading strategy information for real trades, synthetic trades, black box trades, trades for spreads, trades for supply differentials or any combination thereof.

14. The method of claim 11 wherein the receiving step includes automatically receiving results from one or more electronic trades based on one or two standard deviations of yield curve information.

15. The method of claim 11 wherein the displaying step includes displaying the results from any automatic execution of any electronic trades via the one or more yield curves on a order ticket graphical window, an aggregated book view graphical window or a yield curve graphical window.

16. The method of claim 11 wherein the displaying step includes displaying the results from any automatic execution of any electronic trades via the selected one or more yield curves using a plurality of different colors.

17. The method of claim 16 the plurality of different colors include a yellow color used when yield curve trading results are neutral, a green color used for electronic trading when yield curve trading results are positive and a red color used for electronic trading when yield curve trading results are negative.

18. A system for electronic training via a yield curve, comprising in combination:

means for selecting one or more yield curves for electronic trading on an application on a target device, wherein the one or more yield curves include one or more pre-determined trading strategies;

means for automatically executing one or more electronic trades using the one or more selected yield curves on the application via a communications network and via one or more electronic trading exchanges; and

means for displaying results from any automatic execution of any electronic trades via the one or more selected yield curves in one or more graphical windows on a multi-windowed graphical user interface.

19. The system of claim 18, wherein the executing means includes means for automatically executing one or more electronic trades based on one or two standard deviations of yield curve information derived from the one or more selected yield curves.

20. The system of claim 18, wherein selecting means includes selecting one or more yield curves for electronic trading with electronic trading strategy information for real trades, synthetic trades, black box trades and trades for spreads or any combination thereof.

21. The system of claim 18 wherein the display means includes displaying results from any automatic execution of any electronic trades via the selected one or more yield curves using a plurality of different colors wherein a yellow color is used when yield curve trading results are neutral, a green color is used for electronic trading when yield curve trading results are positive and a red color is used for electronic trading when yield curve trading results are negative.

22. A system for electronic training via a yield curve, comprising in combination:

means for displaying results from any automatic execution of any electronic trades via one or more selected yield curves with a plurality of colors in one or more graphical windows on a multi-windowed graphical user interface, wherein a yellow color is used when yield curve trading results are neutral, a green color is used for electronic trading when yield curve trading results are positive and a red color is used for electronic trading when yield curve trading results are negative;

means for displaying a yield curve impact indicator with graphical arrows indicting a direction for a yield curve trading strategy and wherein the yield curve impact indicator is displayed with a plurality of colors, wherein a yellow color is used when a yield curve impact indicator results are neutral, a green color is used when a yield curve ratio indicator is positive and a red color is used when a yield curve trading ratio indicator is negative.

means for displaying a yield curve ratio indicator with a plurality of colors, wherein a yellow color is used when yield curve ratio indicator results are neutral, a green color is used when a yield curve ratio indicator is positive and a red color is used when a yield curve trading ratio indicator is negative; and

means for displaying a yield curve settlement indicator with a plurality of colors, wherein a yellow color is used when a yield curve settlement indicator is neutral, a green color is used when a yield curve settlement indicator is positive and a red color is used when a yield curve trading settlement indicator is negative.