SYSTEMS, METHODS, AND COMPUTER PROGRAM PRODUCTS FOR PROVIDING REAL TIME ANALYTIC WIDGETS IN A FINANCIAL TRADING SYSTEM

• US 20100125534A1
• Filed: 10/08/2009
• Published: 05/20/2010
• Est. Priority Date: 06/29/2006
• Status: Active Grant

• Current Assignee: Virtu ITG Software Solutions LLC
• Original Assignee: ITG Software Solutions, Inc. (Virtu Financial, Inc.)
• Inventors: MEI, Marie, BRANDES, Yossef
• Granted Patent: US 8,521,637 B2
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 10/04 Forecasting or optimisation specially adapted for administrative or management purposes, e.g. linear programming or "cutting stock problem" market predictions or forecasting for commercial activities G06Q30/0202
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

Methods, systems, and computer program products are provided for providing real time analytics and monitoring to a user of a securities trading system. In one embodiment, a list of one or more securities may be selected from a trading blotter and a widget engine may obtain one or more analytics for the list of one or more securities based on real time market and/or transaction cost data. The widget engine may display a graphical representation of the analytics in a manner that compliments the workflow of a trader. The graphical representation may be automatically updated based on real-time market data.

Claims

1. A method of providing real time analytics to a user of a securities trading system, comprising:

(a) receiving from said securities trading system one or more records corresponding to a list of one or more securities and a request for an analytic for said one or more securities, said analytic selected from a predetermined set of one or more analytics;

(b) receiving via a digital communication network real-time market data for said one or more securities;

(c) obtaining said requested analytic based on said one or more records and said real-time market data;

(d) sending to a widget engine information for said widget engine to display in a predetermined display area a graphical representation of said requested analytic;

(e) detecting an update of at least one of said records and said market data; and

(f) sending to said widget engine updated information for said widget engine to display in a pre-determined display area an updated graphical representation of said requested analytic based on said updated data.

2. The method of claim 1, further comprising:

(g) waiting for a predetermined period of time; and

(h) repeating steps (e) and (f) after said predetermined period of time.

3. The method of claim 1, wherein said predetermined display area includes a pop up window.

4. The method of claim 1, wherein said predetermined display area includes a portion of a display area coupled to said securities trading system.

5. The method of claim 1, further comprising:

(g) receiving from a user interface coupled to said graphical representation of said requested analytic a request to modify a record in said securities trading system; and

(h) sending to said securities trading system information describing said requested modification.

6. The method of claim 1, further comprising:

(g) receiving historical data for said one or more securities,

wherein obtaining said requested analytic includes obtaining said requested analytic based in part on said historical data.

7. The method of claim 1, wherein said market data includes transaction data for said list of one or more securities.

8. The method of claim 7, wherein said step of detecting an update of said market data comprises receiving from said securities trading system data indicating an update of said transaction data.

9. The method of claim 1, wherein obtaining said requested analytic comprises:

obtaining from said real-time market data a real-time value of a specified variable for a security,

obtaining an empirical distribution of values of said specified variable;

comparing said real-time value with said empirical distribution of values to determine whether the condition of said security is abnormal.

10. The method of claim 9, wherein said empirical distribution of values is a distribution of real-time values of said specified variable for a peer group of said security.

11. The method of claim 9, wherein said empirical distribution of values is a distribution of historical values of said specified variable for said security over a specified period of time.

12. The method of claim 9, wherein said specified variable is a relation between an estimated value of an attribute for a security and a real-time value of said attribute for said security.

13. The method of claim 1, wherein said list of one or more securities includes a plurality of securities.

14. A method of providing real time analytics to a user of a securities trading system, comprising:

(a) displaying in a first predetermined display area of an electronic display device a user interface for said securities trading system;

(b) sending to a widget engine a list of one or more securities selected from said securities trading system and a request for an analytic for said one or more securities, said analytic selected from a predetermined set of one or more analytics;

(c) receiving from said widget engine information about said requested analytic based on one or more records from said securities trading system corresponding to said list and based on real-time market data;

(d) displaying in a second pre-determined display area of an electronic display device a graphical representation of said requested analytic based on said received information;

(e) receiving from said widget engine updated information describing said requested analytic based on an update to said one or more records or an update to said market data; and

(f) displaying in said second pre-determined display area an updated graphical representation of said requested analytic based on said received updated information.

15. The method of claim 14, further comprising:

(g) waiting for a predetermined period of time; and

(h) repeating steps (e) and (f) after said predetermined period of time.

16. The method of claim 14, wherein said second predetermined display area includes a pop up window.

17. The method of claim 14, wherein said second predetermined display area includes a portion of said first predetermined display area.

18. The method of claim 14, further comprising:

(g) receiving from a user interface coupled to said graphical representation of said requested analytic a request to modify a record in said securities trading system; and

(h) sending to said securities trading system information describing said requested modification.

19. The method of claim 14, wherein said requested analytic is based at least in part on historical market data.

20. The method of claim 14, further comprising:

(g) sending to said widget engine transaction data from said securities trading system for said list of one or more securities,

wherein said market data includes said transaction data.

21. The method of claim 20, further comprising:

(h) detecting an update of said transaction data;

sending to said widget engine said updated transaction data;

wherein said updated market data includes said updated transaction data.

22. The method of claim 14, wherein said requested analytic comprises a comparison between a real-time value of a specified variable for a security and an empirical distribution of values of said specified variable.

23. The method of claim 22, wherein said empirical distribution of values is a distribution of real-time values of said specified variable for a peer group of said security.

24. The method of claim 22, wherein said empirical distribution of values is a distribution of historical values of said specified variable for said security over a specified period of time.

25. The method of claim 22, wherein said specified variable is a relation between an estimated value of an attribute for a security and a real-time value of said attribute for said security.

26. The method of claim 14, wherein interaction with said user interface of said securities trading system does not inhibit the steps of receiving said updated information and displaying said updated graphical representation of said requested analytic.

27. The method of claim 14, wherein the steps of receiving said updated information and displaying said updated graphical representation of said requested analytic do not inhibit interaction with user said interface of said securities trading system.

28. The method of claim 14, wherein said list of one or more securities includes a plurality of securities.

29. A system for providing real time analytics to a user of a securities trading system, comprising:

a computer operable to;

display in a first predetermined display area of an electronic display device a user interface of said securities trading system including a list of one or more securities, and

display a menu for requesting an analytic from among a predetermined set of one or more analytics; and

a widget engine module operable to;

in response to a request from said menu, obtain the requested analytic for said one or more securities based on one or more records stored in said securities trading system and real-time market data for said one or more securities,

display in a second predetermined display area of said computer a graphical representation of said requested analytic,

update said requested analytic based on an update to said one or more records or to said market data, and

update the display of said graphical representation based on said update to said requested analytic.

30. The system of claim 29, wherein the widget engine module is further operable to:

periodically update said requested analytic at a predetermined time interval; and

periodically update the display of said graphical representation based on said periodic updates to said requested analytic.

31. The system of claim 29, wherein said second predetermined display area includes a pop up window.

32. The system of claim 29, wherein said second predetermined display area includes a portion of said first predetermined display area.

33. The system of claim 29, wherein said widget engine module is further operable to:

display a widget user interface coupled to said graphical representation, and

modify a record in said securities trading system based on interactions with said widget user interface.

34. The system of claim 29, wherein said widget engine module is further operable to, in response to a request from said menu, obtain the requested analytic for said one or more securities based at least in part on historical market data for said one or more securities.

35. The system of claim 29, wherein said widget engine module is further operable to, in response to a request from said menu, obtain the requested analytic for said one or more securities based at least in part on transaction data for said one or more securities.

36. The system of claim 35, wherein said widget engine module is further operable to update said requested analytic based on updated transaction data.

37. The system of claim 29, wherein said requested analytic comprises a comparison between a real-time value of a specified variable for a security and an empirical distribution of values of said specified variable

38. The system of claim 37, wherein said empirical distribution of values is a distribution of real-time values of said specified variable for a peer group of said security.

39. The system of claim 37, wherein said empirical distribution of values is a distribution of historical values of said specified variable for said security over a specified period of time.

40. The system of claim 37, wherein said specified variable is a relation between an estimated value of an attribute for a security and a real-time value of said attribute for said security.

41. The system of claim 29, wherein interaction with said user interface of said securities trading system does not inhibit the widget engine module from updating said requested analytic and does not inhibit the widget engine module from updating the display of said graphical representation.

42. The system of claim 29, wherein the widget engine module updating said requested analytic and the widget engine module updating the display of said graphical representation does not inhibit interaction with said user interface of said securities trading system.

43. The system of claim 29, wherein said list of one or more securities includes a plurality of securities.

44. A computer program product for providing real time analytics to a user of a securities trading system, said computer program product comprising a digital storage media and a set of machine readable instructions stored on said digital storage media, wherein said instructions are executable by a computer to:

(a) receive from said securities trading system one or more records corresponding to a list of one or more securities and a request for an analytic for said one or more securities, said analytic selected from a predetermined set of one or more analytics;

(b) receive via a digital communication network real-time market data for said one or more securities;

(c) obtain said requested analytic based on said records and real-time market data;

(d) send to a widget engine information for said widget engine to display in a predetermined display area a graphical representation of said requested analytic;

(e) detect an update of at least one of said one or more records and said market data; and

(f) send to said widget engine updated information for said widget engine to display in a pre-determined display area an updated graphical representation of said requested analytic based on said updated data.

45. The computer program product of claim 44, wherein said instructions are further executable by a computer to:

(g) wait for a predetermined period of time; and

(h) repeat steps (e) and (f) after said predetermined period of time.

46. The computer program product of claim 44, wherein said predetermined display area includes a pop up window.

47. The computer program product of claim 44, wherein said predetermined display area includes a portion of a display area coupled to said securities trading system.

48. The computer program product of claim 44, wherein said instructions are further executable by a computer to:

(g) receive from a user interface coupled to said graphical representation of said requested analytic a request to modify a record in said securities trading system; and

(h) send to said securities trading system information describing said requested modification.

49. The computer program product of claim 44, wherein said instructions are further executable by a computer to:

(g) receive historical data for said one or more securities,

wherein obtaining said requested analytic includes obtaining said requested analytic based at least in part on said historical data.

50. The computer program product of claim 44, wherein said market data includes transaction data for said list of one or more securities.

51. The computer program product of claim 50, wherein said step of detecting an update of said market data includes receiving from said securities trading system data indicating and update of said transaction data.

52. The computer program product of claim 44, wherein obtaining said requested analytic comprises:

obtaining from said real-time market data a real-time value of a specified variable for a security,

obtaining an empirical distribution of values of said specified variable;

comparing said real-time value with said empirical distribution of values to determine whether the condition of said security is abnormal.

53. The computer program product of claim 52, wherein said empirical distribution of values is a distribution of real-time values of said specified variable for a peer group of said security.

54. The computer program product of claim 52, wherein said empirical distribution of values is a distribution of historical values of said specified variable for said security over a specified period of time.

55. The computer program product of claim 52, wherein said specified variable is a relation between an estimated value of an attribute for a security and a real-time value of said attribute for said security.

56. The computer program product of claim 44, wherein said list of one or more securities includes a plurality of securities.

57. A computer program product for providing real time analytics to a user of a securities trading system, said computer program product comprising a digital storage media and a set of machine readable instructions stored on said digital storage media, wherein said instructions are executable by a computer to:

(a) display in a first predetermined display area of an electronic display device a user interface for said securities trading system;

(b) send to a widget engine a list of one or more securities selected from said securities trading system and a request for an analytic for said one or more securities, said analytic selected from a predetermined set of one or more analytics;

(c) receive from said widget engine information about said requested analytic based on one or more records from said securities trading system corresponding to said list and based on real-time market data;

(d) display in a second pre-determined display area of an electronic display device a graphical representation of said requested analytic based on said received information;

(e) receive from said widget engine updated information describing said requested analytic based on an update to said one or more records or an update to said market data; and

(f) display in said second pre-determined display area an updated graphical representation of said requested analytic based on said received updated information.

58. The computer program product of claim 57, wherein said instructions are further executable by a computer to:

(g) wait for a predetermined period of time; and

(h) repeat steps (e) and (f) after said predetermined period of time.

59. The computer program product of claim 57, wherein said second predetermined display area includes a pop up window.

60. The computer program product of claim 57, wherein said second predetermined display area includes a portion of said first predetermined display area.

61. The computer program product of claim 57, wherein said instructions are further executable by a computer to:

(g) receive from a user interface coupled to said graphical representation of said requested analytic a request to modify a record in said securities trading system; and

(h) send to said securities trading system information describing said requested modification.

62. The computer program product of claim 57, wherein said requested analytic is based at least in part on historical market data.

63. The computer program product of claim 57, wherein said instructions are further executable by a computer to:

(g) send to said widget engine transaction data from said securities trading system for said list of one or more securities,

wherein said market data includes said transaction data.

64. The computer program product of claim 63, wherein said instructions are further executable by a computer to:

(h) detect an update of said transaction data;

(i) send to said widget engine said updated transaction data;

wherein said updated market data includes said updated transaction data.

65. The computer program product of claim 57, wherein said requested analytic comprises a comparison between a real-time value of a specified variable for a security and an empirical distribution of values of said specified variable.

66. The computer program product of claim 65, wherein said empirical distribution of values is a distribution of real-time values of said specified variable for a peer group of said security.

67. The computer program product of claim 65, wherein said empirical distribution of values is a distribution of historical values of said specified variable for said security over a specified period of time.

68. The computer program product of claim 65, wherein said specified variable is a relation between an estimated value of an attribute for a security and a real-time value of said attribute for said security.

69. The computer program product of claim 57, wherein interaction with said user interface of said securities trading system does not inhibit the steps of receiving said updated information and displaying said updated graphical representation of said requested analytic.

70. The computer program product of claim 57, wherein the steps of receiving said updated information and displaying said updated graphical representation of said requested analytic do not inhibit interaction with user said interface of said securities trading system.

71. The computer program product of claim 57, wherein said list of one or more securities includes a plurality of securities.

72. A system for providing real time analytics to a user of a securities trading system, comprising:

a first computer configured to display in a first predetermined display area of an electronic display device a user interface of said securities trading system including a list of one or more securities, and to display a menu for requesting an analytic from among a predetermined set of one or more analytics; and

a second computer configured to, in response to a request from said menu, obtain the requested analytic for said one or more securities based on one or more records stored in said securities trading system and real-time market data for said one or more securities, to display in a second predetermined display area of said computer a graphical representation of said requested analytic, to update said requested analytic based on an update to said one or more records or to said market data, and to update the display of said graphical representation based on said update to said requested analytic;

wherein the requested analytic includes a real-time value of a specified variable for a security obtained from said real-time market data, an empirical distribution of values of said specified variable, and a comparison of said real-time value with said empirical distribution of values to determine whether the condition of said security is abnormal.