System and method for buying and selling securities

• US 20110035306A1
• Filed: 10/07/2005
• Published: 02/10/2011
• Est. Priority Date: 06/20/2005
• Status: Abandoned Application

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Martin, Peter K., Yanavi, Aura, Shulman, Gregory
• Application Number:
  US11/245,617
• Publication Number:
  US 20110035306A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A computer-implemented method for trading a financial instrument. The method can include receiving an instrument designation for a financial instrument, receiving an offset value, related to the instrument, and receiving an actuation of at least one of a better buyer selector and a better seller selector related to the instrument. The method can include receiving a base value related to the instrument, receiving a timeout rule related to the instrument, and receiving a timeout value related to the instrument. The timeout rule can be an interval type, and the timeout value can be a time interval. The timeout rule can be a custom type, and the timeout value can be a mathematical expression. In addition, the method can include generating a request to buy the instrument at a value of the offset above the bid price for the instrument, and buying the instrument.

Claims

1. A computer-implemented method for trading a financial instrument, the method comprising the steps of:

activating, by at least one processor, at least one actuation of at least one of a better buyer selector and a better seller selector for the instrument, said better buyer selector functions to activate a request to buy the instrument and said better seller selector functions to activate a request to sell the instrument; and

deactivating, by said at least one processor, the actuation of the at least one of a better buyer selector and a better seller selector based on parameters;

wherein said steps of activating and deactivating comprising toggling, by said at least one processor, between the activating and the deactivating of the actuation of the at least one of a better buyer selector and a better seller selector.

2. The method of claim 1, comprising the steps of:

receiving, by said at least one processor, an instrument designation for the instrument;

receiving, by said at least one processor, an at least one offset value, wherein said offset value is a value to a base price for the instrument; and

receiving a base value, wherein said base value is a value for which the offset is measured for the instrument.

3. The method of claim 2 wherein said offset value is added to the base value upon said activation of one of a better buyer selector and a better seller selector.

4. The method of claim 2 wherein said offset value is subtracted from the base value upon said deactivation of one of a better buyer selector and a better seller selector.

5. The method of claim 1 further comprising monitoring said trading activity of the instruments at said actuation.

6. The method of claim 2 comprising the step of:

receiving, by said at least one processor, a bid price for the instrument upon the actuation of the at least one better buyer selector.

7. The method of claim 6 comprising the step of:

generating, by said at least one processor, request to buy the instrument at a value of the offset above the bid price for the instrument.

8. The method of claim 1 comprising the step of:

receiving, by said at least one processor, an offer price for the instrument upon the actuation of the at least one better seller selector.

9. The method of claim 8 comprising the step of:

generating, by said at least one processor, a request to sell the instrument at a value of the offset below the offer price of the instrument.

10. The method of claim 1 further comprising monitoring, by said at least one processor, a market for market condition.

11. The method of claim 1 wherein said deactivating the actuation is based on a timeout, wherein said time out comprise one of a custom timeout and an interval timeout.

14. The method of claim 7 comprising the step of buying, by said at least one processor, the instrument.

17. The method of claim 9 comprising the step of selling, by said at least one processor, the instrument.

49. The method of claim 1 wherein said parameters comprising one of a number of instruments bought and/or sold, market volatility, price volatility of the instrument, market price levels and price level of the instrument.

12. (canceled)

13. (canceled)

15. (canceled)

16. (canceled)

18-26. -26. (canceled)

27. A computer-implemented method for trading a financial instrument, the method comprising the steps of:

activating, by at least one processor, a first actuation of at least one of a better buyer selector and a better seller selector for the instrument;

activating, by said at least one processor, a second actuation of a better buyer selector and a better seller selector for the instrument;

monitoring, by said at least one processor, trading activity of the instruments at said first and second actuations; and

deactivating, by said at least one processor, one of the first and the second actuations when the instrument being traded at the first actuation is same as the instrument being traded at the second actuation;

wherein said steps of activating and deactivating comprising toggling, by said at least one processor, between the activating of the first and the second actuations and the deactivating of the first and the second actuations of the at least one of a better buyer selector and a better seller selector.

28. (canceled)

29. A computer-implemented system for trading a financial instrument, the system comprising:

one or more storage devices; and

one or more processors, coupled to the storage devices, the processors programmed and configured to activate at least one actuation of at least one of a better buyer selector and a better seller selector for the instrument, said better buyer selector functions to activate a request to buy the instrument and said better seller selector functions to activate a request to sell the instrument;

said processors programmed and configured to deactivate the actuation of the at least one of a better buyer selector and a better seller selector based on parameters, wherein said activation and deactivation comprise toggle between the activation and the deactivation of the actuation of the at least one of a better buyer selector and a better seller selector.

30. The system of claim 29, the processors programmed and configured to receive an instrument designation for the instrument;

to receive an at least one offset value, wherein said offset value is a value to a base price for the instrument and to receive a base value, wherein said base value is a value for which the offset is measured for the instrument.

31. The system of claim 30 wherein said processor programmed and configured to add said offset value to the base value upon said activation of one of a better buyer selector and a better seller selector.

32. The system of claim 30 wherein said processor programmed and configured to subtract said offset value from the base value upon said deactivation of one of a better buyer selector and a better seller selector.

33. The system of claim 29 wherein said processor programmed and configured to monitor said trading activity of the instruments at said actuation.

34. The system of claim 30, the processors programmed and configured to receive a bid price for the instrument upon the actuation of the at least one better buyer selector.

35. The system of claim 34, the processors programmed and configured to generate a request to buy the instrument at a value of the offset above the bid price for the instrument.

36. The system of claim 29, the processors programmed and configured to receive an offer price for the instrument upon the actuation of the at least one better seller selector.

37. The system of claim 36, the processors programmed and configured to generate a request to sell the instrument at a value of the offset below the offer price of the instrument.

38. The system of claim 29, the processors programmed and configured to receive an offer price for the instrument upon the actuation of the at least one better seller selector.

39. The system of claim 29, wherein said deactivation of the actuation is based on a timeout, wherein said timeout comprise one of a custom timeout and an interval timeout.

42. The system of claim 35, the processors programmed and configured to buy the instrument.

45. The system of claim 37, the processors programmed and configured to sell the instrument.

50. The system of claim 29 wherein said parameters comprising one of a number of instruments bought and/or sold, market volatility, price volatility of the instrument, market price levels and price level of the instrument.

40-41. -41. (canceled)

43-44. -44. (canceled)

46. (canceled)

47. A computer-implemented system for trading a financial instrument, the system comprising:

one or more storage devices; and

one or more processors, coupled to the storage devices, the processors programmed and configured to activate by said at least one processor, a first actuation of at least one of a better buyer selector and a better seller selector for the instrument;

said processors programmed and configured to activate by said at least one processor, a second actuation of a better buyer selector and a better seller selector for the instrument;

said processors programmed and configured to monitor trading activity of the instruments at said first and second actuations; and

said processors programmed and configured to deactivate one of the first and the second actuations when the instrument being traded at the first actuation is same as the instrument being traded at the second actuation;

wherein said activation and deactivation comprise toggle between the activation of the first and the second actuations and the deactivation of the first and the second actuations of the at least one of a better buyer selector and a better seller selector.

48. A computer readable medium having stored thereon a plurality of instructions on one or more storage devices, the plurality of instructions including instructions which, when executed by at least one processor, cause the processor to perform the steps of a method for trading a financial instrument, said method comprising the steps of:

receiving, by the least one processor, at least one actuation of at least one of a better buyer selector and a better seller selector for the instrument, said better buyer selector functions to activate a request to buy the instrument and said better seller selector functions to activate a request to sell the instrument; and

deactivating, by the at least one processor, the actuation of the at least one of a better buyer selector and a better seller selector based on parameters;

wherein said steps of activating and deactivating comprising toggling between the activating and the deactivating of the actuation of the at least one of a better buyer selector and a better seller selector.

51. The medium of claim 48 wherein said parameters comprising one of a number of instruments bought and/or sold, market volatility, price volatility of the instrument, market price levels and price level of the instrument.