Trading system for providing real time context sensitive trading messages based on conversation analysis

• US 5,195,031 A
• Filed: 10/24/1988
• Issued: 03/16/1993
• Est. Priority Date: 10/24/1988
• Status: Expired due to Term

• Current Assignee: Reuters Limited (The Woodbridge Co. Ltd.)
• Original Assignee: Reuters Limited (The Woodbridge Co. Ltd.)
• Inventors: Ordish, Christopher J.
• Primary Examiner(s): Hayes, Gail O.
• Application Number:
  US07/261,984
• Time in Patent Office: 1,604 Days
• Field of Search: 364/513, 364/408, 364/200, 364/900, 364/401
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: H04L 12/1804 for stock exchange and similar applications

Abstract

A video communication trading system network includes a plurality of subscriber keystations (410,412) at least one of which employs a conversation analyzing keystation terminal controller (400,400a) for parsing a trading conversation between designated keystations (98a,602) for automatically providing trading conversation context sensitive trading data messages, such as trading conversation textual message prompts based on real time trading conversation analysis. The trading system network includes a message switching interface (300) for routing trading conversational messages throughout the network. The context sensitive prompt messages are analysis driven to provide prompt messages based on the analyzed dialogue as the conversation progresses. These prompts can be manually overridden by the user. The system also provides for dynamic creation of a ticket (416,404), which is also displayed, as the conversation progresses based on the real time analysis of the conversation. This analysis also provides error messages, such as highlighting inconsistencies on the screen (410) in the content of the conversation, such as an incorrect value date. In using the system, both parties to the conversation do not have to have the same type of terminal controller (96,400,400a ) and only the party desiring the benefits of conversation analysis need, by way of example, employ the terminal controller (400,400a) of the present invention.

Claims

1. In a video communication trading system network capable of providing textual data messages to a plurality of subscriber terminals throughout said network for selectively conducting trading conversations therebetween, at least a portion of said plurality of subscriber terminals comprising subscriber keystations, each of said subscriber keystations comprising a video display means for providing a textual video display of trading data input to said network, said trading system network including a message switching interface network for routing video conversational textual data trading messages throughout said trading system network;

the improvement comprising at least one conversation analyzing keystation terminal controller interface means operatively connected between at least one of said subscriber keystations and said message switching interface network for routing trading data input by said one subscriber keystation to at least another designated subscriber keystation through said message switching interface network and for receiving trading data input to said message switching interface network by said designated other subscriber keystation for controlling communication of said trading conversation between said one subscriber keystation and said designated other subscriber keystation, said conversation keystation terminal controller means comprising means for analyzing said trading conversation substantially in real time for automatically providing trading conversation context sensitive trading data messages in conjunction with said trading conversation based on said read time trading conversation analysis, said trading conversation analyzing means further comprising means for parsing said trading conversation for automatically providing said trading conversation context sensitive trading data messages.

2. A video communication trading system network in accordance with claim 1 wherein said trading conversation comprises trading textual data, said means for analyzing said trading conversation further comprising means for extracting trading information from said trading textual data for providing said trading data messages based thereon, said information extracting means comprising said parsing means for automatically providing said trading conversation context sensitive trading data messages.

3. A video communication trading system network in accordance with claim 2 wherein said conversion analyzing keystation terminal controller means comprises means for controlling said one subscriber keystation video display means for providing said trading conversation textual data and said trading data messages on said video display means in conjunction with said trading conversation textual data being analyzed in real time.

4. A video communication trading system network in accordance with claim 3 wherein said trading conversation comprises a foreign exchange trading transaction.

5. A video communication trading system network in accordance with claim 2 wherein said trading conversation comprises a foreign exchange trading transaction.

6. A video communication trading system network in accordance with claim 5 wherein said means for extracting trading information from said textual data for said foreign exchange trading transaction further comprises means for extracting currency involved in said transaction trading information from said textual data, said information extracting means comprising said parsing means.

7. A video communication trading system network in accordance with claim 5 wherein said means for extracting trading information from said textual data for said foreign exchange trading transaction further comprises means for extracting amount and currency in which said amount is quoted trading information from said textual data, said information extracting means comprising said parsing means.

8. A video communication trading system network in accordance with claim 5 wherein said means for extracting trading information from said textual data for said foreign exchange trading transaction further comprises means for extracting period and value data trading information from said textual data, said information extracting means comprising said parsing means.

9. A video communication trading system network in accordance with claim 1 wherein said trading conversation comprises a foreign exchange trading transaction.

10. A video communication trading system network in accordance with claim 1 wherein said conversation analyzing keystation terminal controller means comprises an analysis server means for analyzing said trading conversation.

11. A video communication trading system network in accordance with claim 10 wherein said conversation analyzing keystation terminal controller means further comprises a data base server means, a line server means and a terminal computer means associated with said one subscriber keystation, said analysis server means, said data base server means, said line server means and said terminal computer means being operatively connected together in a local area network.

12. In a video communication trading system network capable of providing textual data messages to a plurality of subscriber terminals throughout said network for selectively conducting trading conversations therebetween, at least a portion of said plurality of subscriber terminals comprising subscriber keystations, each of said subscriber keystations comprising a video display means for providing a textual video display of trading data input to said network, said trading system network including a message switching interface network for routing video conversational textual data trading messages throughout said trading system network;

the improvement comprising at least one conversation analyzing keystation terminal controller interface means operatively connected between at least one of said subscriber keystations and said message switching interface network for routing trading data input by said one subscriber keystation to at least another designated subscriber keystation through said message switching interface network and for receiving trading data input to said message switching interface network by said designated other subscriber keystation for controlling communication of said trading conversation between said one subscriber keystation and said designated other subscriber keystation, said conversation analyzing keystation terminal controller means comprising means for analyzing said trading conversation substantially in real time for providing messages in conjunction with said trading conversation based on said real time trading conversation analysis, said means for analyzing said trading conversation substantially in real time comprising means for providing displayable conversation prompt messages comprising selectable trading conversation textual data in conjunction with said trading conversation based on said real time trading conversation analysis and further comprising means for parsing said trading conversation for automatically providing said displayable conversation prompt messages.

13. A video communication trading system network in accordance with claim 12 wherein said trading conversation comprises trading textual data, said means for analyzing said trading conversation further comprising means for extracting information from said trading textual data and controlling provision of a current selectable displayable trading conversation prompt message based on said real time trading conversation analysis, said information extracting means comprising said parsing means for providing said prompt message.

14. A video communication trading system network in accordance with claim 13 wherein said conversation analyzing keystation terminal controller means comprises means for controlling said one subscriber keystation video display means for providing said trading conversation textual data and said current selectable displayable trading conversation prompt message on said video display means in conjunction with said trading conversation textual data being analyzed in real time.

15. A video communication trading system network in accordance with claim 14 wherein said trading conversation comprises a foreign exchange trading transaction.

16. A video communication trading system network in accordance with claim 13 wherein said trading conversation comprises a foreign exchange trading transaction.

17. A video communication trading system network in accordance with claim 12 wherein said trading conversation comprises a foreign exchange trading transaction.

22. A video communication trading system network in accordance with claim 12 wherein said trading conversation comprises trading textual data, said means for analyzing said trading conversation further comprising means for extracting information from said trading textual data and controlling provision of a selectable context sensitive prompt message comprising said trading conversation textual data based on said real time trading conversation analysis, said information extracting means comprising said parsing means for automatically providing said context sensitive prompt message.

23. A video communication trading system network in accordance with claim 22 wherein said trading conversation comprises a foreign exchange trading transaction.

18. In a video communication trading system network capable of providing textual data messages to a plurality of subscriber terminals throughout said network for selectively conducting trading conversations therebetween, at least a portion of said plurality of subscriber terminals comprising subscriber keystations, each of said subscriber keystations comprising a video display means for providing a textual video display of trading data input to said network, said trading system network including a message switching interface network for routing video conversational textual data trading messages throughout said trading system network;

the improvement comprising at least one conversation analyzing keystation terminal controller interface means operatively connected between at least one of said subscriber keystations and said message switching interface network for routing trading data input by said one subscriber keystation to at least another designated subscriber keystation through said message switching interface network and for receiving trading data input to said message switching interface network by said designated other subscriber keystation for controlling communication of said trading conversation between said one subscriber keystation and said designated other subscriber keystation, said conversation analyzing keystation terminal controller means comprising means for analyzing said trading conversation substantially in real time for providing messages in conjunction with said trading conversation based on said real time trading conversation analysis, said trading conversation comprising trading textual data, said means for analyzing said trading conversation further comprising means for providing an updateable substantially real time summary of said trading conversation analysis in conjunction with said trading conversation and for extracting information from said trading textual data for providing said messages based thereon and further comprising means for parsing said trading conversation for automatically extracting said information from said trading textual data for providing said messages.

19. A video communication trading system network in accordance with claim 18 wherein said conversation analyzing keystation terminal controller means further comprises a trading transaction ticket printing means for providing a trading ticket record of the trading transaction from said summary of said trading conversation analysis.

20. A video communication trading system network in accordance with claim 19 wherein said trading conversation comprises a foreign exchange trading transaction.

21. A video communication trading system network in accordance with claim 18 wherein said trading conversation comprises a foreign exchange trading transaction.

24. In a video communication trading system network capable of providing textual data messages to a plurality of subscriber terminals throughout said network for selectively conducting trading conversations therebetween, at least a portion of said plurality of subscriber terminals comprising subscriber keystations, each of said subscriber keystations comprising a video display means for providing a textual video display of trading data input to said network, said trading system network including a message switching interface network for routing video conversational textual data trading messages throughout said trading system network;

the improvement comprising at least one conversation analyzing keystation terminal controller interface means operatively connected between at least one of said subscriber keystations and said message switching interface network for routing trading data input by said one subscriber keystation to at least another designated subscriber keystation through said message switching interface network and for receiving trading data input to said message switching interface network by said designated other subscriber keystation for controlling communication of said trading conversation between said one subscriber keystation and said designated other subscriber keystation, said conversation analyzing keystation terminal controller means comprising means for analyzing said trading conversation substantially in real time for providing messages in conjunction with said trading conversation based on said real time trading conversation analysis, said means for analyzing said trading conversation further comprising means for detecting trading inconsistencies substantially in real time as they occur during said trading conversation and reporting any detected trading inconsistencies in said trading conversation to said one subscriber keystation.

25. A video communication trading system network in accordance with claim 24 wherein said conversation analyzing means comprises means for controlling said one subscriber keystation video display means for displaying said detected trading inconsistencies in said trading conversation on said video display means.

26. A video communication trading system network in accordance with claim 25 wherein said trading conversation comprises a foreign exchange trading transaction.

27. A video communication trading system network in accordance with claim 24 wherein said trading conversation comprises a foreign exchange trading transaction.

28. A video communication trading system network in accordance with claim 25 wherein said trading conversation comprises trading textual data, said means for controlling said one subscriber keystation video display means for displaying said detected trading inconsistencies comprising means for highlighting said detected trading inconsistencies in a video display of said trading textual data.

29. A video communication trading system network in accordance with claim 28 wherein said trading conversation comprises a foreign exchange trading transaction.

30. In a video communication trading system network capable of providing textual data messages to a plurality of subscriber terminals throughout said network for selectively conducting trading conversations therebetween, at least a portion of said plurality of subscriber terminals comprising subscriber keystations, each of said subscriber keystations comprising a video display means for providing a textual video display of trading data input to said network, said trading system network including a message switching interface network for routing video conversational textual data trading messages throughout said trading system network;

the improvement comprising at least one conversation analyzing keystation terminal controller interface means operatively connected between at least one of said subscriber keystations and said message switching interface network for routing trading data input by said one subscriber keystation to at least another designated subscriber keystation through said message switching interface network and for receiving trading data input to said message switching interface network by said designated other subscriber keystation for controlling communication of said trading conversation between said one subscriber keystation and said designated other subscriber keystation, said conversation analyzing keystation terminal controller means comprising means for analyzing said trading conversation substantially in real time for providing messages in conjunction with said trading conversation based on said real time trading conversation analysis, said means for analyzing said trading conversation further comprising means for providing an updateable substantially real time summary of said trading conversation analysis in conjunction with said trading conversation and still further comprising means for parsing said trading conversation for automatically providing said messages in conjunction with said trading conversation based on said real time trading conversation analysis.

31. A video communication trading system network in accordance with claim 30 wherein said means for analyzing said trading conversation further comprises means for detecting trading inconsistencies substantially in real time as they occur during said trading conversation and reporting any detected trading inconsistencies in said trading conversation to said one subscriber keystation.

32. A video communication trading system network in accordance with claim 31 wherein said trading conversation comprises a foreign exchange trading transaction.

33. A video communication trading system network in accordance with claim 31 wherein said conversation analyzing means comprises means for controlling said one subscriber keystation video display means for displaying said detected trading inconsistencies in said trading conversation on said video display means.

34. A video communication trading system network in accordance with claim 33 wherein said conversation analyzing keystation terminal controller means comprises means for controlling said one subscriber keystation video display means for providing said trading conversation textual data and said messages on said video display means in conjunction with said trading conversation textual data being analyzed in real time.

35. A video communication trading system network in accordance with claim 34 wherein said conversation analyzing keystation terminal controller means comprises means for controlling said one subscriber keystation video display means for providing said trading conversation textual data and said current displayable conversation prompt message on said video display means in conjunction with said trading conversation textual data being analyzed in real time.

36. In a video communication trading system network capable of providing textual data messages to a plurality of subscriber terminals throughout said network for selectively conducting trading conversations therebetween, at least a portion of said plurality of subscriber terminals comprising subscriber keystations, each of said subscriber keystations comprising a video display means for providing a textual video display of trading data input to said network, said trading system network including a message switching interface network for routing video conversational textual data trading messages throughout said trading system network;

the improvement comprising at least one conversation analyzing keystation terminal controller interface means operatively connected between at least one of said subscriber keystations and said message switching interface network for routing trading data input by said one subscriber keystation to at least another designated subscriber keystation through said message switching interface network and for receiving trading data input to said message switching interface network by said designated other subscriber keystation for controlling communication of said trading conversation between said one subscriber keystation and said designated other subscriber keystation, said conversation analyzing keystation terminal controller means comprising means for analyzing said trading conversation substantially in real time for automatically providing messages in conjunction with said trading conversation based on said real time trading conversation analysis, said conversation analyzing keystation terminal controller means further comprising means for selectively inhibiting said automatically provided prompt messages in conjunction with said trading conversation.

37. A video communication trading system network in accordance with claim 36 wherein said trading conversation comprises a foreign exchange trading transaction.

38. A video communication trading system network in accordance with claim 36 wherein said trading conversation comprises a foreign exchange trading transaction.

39. A video communication trading system network in accordance with claim 36 wherein said trading conversation comprises trading textual data, said means for analyzing said trading conversation further comprising means for extracting information from said trading textual data and controlling provision of a context sensitive prompt message based on said real time trading conversation analysis.