Electronic market calendar for displaying standard settlement dates, future market-related events and holidays pertaining to a financial transaction

• US 7,376,605 B2
• Filed: 02/06/2002
• Issued: 05/20/2008
• Est. Priority Date: 02/06/2002
• Status: Active Grant

• Current Assignee: Refinitiv US Organization, LLC (Refinitiv US Holdings, Inc.)
• Original Assignee: FX Alliance (The Woodbridge Co. Ltd.)
• Inventors: Weisberg, Philip
• Primary Examiner(s): Patel; Jagdish N
• Assistant Examiner(s): BARTLEY, KENNETH
• Application Number:
  US10/066,780
• Publication Number:
  US 20030147309A1
• Time in Patent Office: 2,295 Days
• Field of Search: 705/34, 705/37, 705/35, 705/1, 368/29
• US Class Current: 705/35
• CPC Class Codes: G06Q 10/109 Time management, e.g. calendars, reminders, meetings or time accounting
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G09D 3/12 electrically operated

Abstract

An electronic market calendar that identifies settlement dates, holidays, market-related events, and provides links to news, information and research materials, pertaining to certain transaction terms, currencies or territories. The invention displays or provides a market calendar in which each one of a plurality of calendar dates that corresponds to a settlement date, a market-related event date or a holiday is displayed in a visibly distinct manner from the rest of the calendar dates. The set of market-related events may include, for example, events such as national elections, publications of economic forecasts, releases of economic reports, monetary policy announcements, trade announcements, interest rate announcements, press releases, governmental hearings, federal open market committee meetings, financial summit meetings, or any other events related to the market in which the electronic market calendar is applied.

Claims

1. A computer-readable storage medium encoded with a program executable by a computer for display of an electronic market calendar to a user, the program comprising:

a settlement date calculator configured to identify and generate a set of standard settlement dates based on a set of transaction terms;

an event-date generator configured to identify and generate a set of future market-related event dates based on a set of transaction terms;

a holiday date generator configured to identify and generate a set of holiday dates pertaining to a territory associated with the set of transaction terms; and

a display controller configured to display on a display device a plurality of calendar dates including the set of standard settlement dates, the set of future market-related event dates and the set of holiday dates;

wherein each one of the plurality of calendar dates that corresponds to a member of the set of standard settlement dates is displayed in a visibly distinct manner from each one of the plurality of calendar dates that does not correspond to a member of the set of standard settlement dates,

each one of the plurality of calendar dates that corresponds to a member of the set of future market-related event dates is displayed in a visibly distinct manner from each one of the plurality of calendar dates that does not correspond to a member of the set of future market-related event dates, and

each one of the plurality of calendar dates that corresponds to a member of the set of holiday dates is displayed in a visibly distinct manner from each one of the plurality of calendar dates that does not correspond to a member of the set of holiday dates.

2. The computer-readable storage medium of claim 1, wherein the set of future market-related event dates comprises a date corresponding to at least one of the following:

a national election,

an economic forecast,

a release of an economic report,

a monetary policy announcement,

a trade announcement,

an interest rate announcement,

a press release,

a governmental hearing,

a federal open market committee meeting, and

a financial summit meeting.

3. The computer-readable storage medium of claim 1, wherein the set of transaction terms comprises:

a transaction type;

a transaction date; and

a transaction currency designation.

4. The computer-readable storage medium of claim 3, wherein the transaction type is at least one of the following:

a foreign exchange transaction,

a spot transaction,

a currency swap,

a forward contract,

a futures contract,

a money-market transaction,

a bond transaction,

a derivative contract, and

an option contract.

5. The computer-readable storage medium of claim 3, wherein the transaction currency designation comprises a pair of currencies.

6. The computer-readable storage medium of claim 3, wherein the event-date generator determines the set of future market-related event dates based on the transaction currency designation.

7. The computer-readable storage medium of claim 1, wherein the territory comprises at least one of the following:

the world,

a plurality of countries,

a continent,

a geographic region,

a country,

a state within a country,

a county, and a city.

8. A computer-readable storage medium encoded with a program executable by a computer for display of an electronic market calendar to a user, the program comprising:

an input control facility configured to accept from a user a selection of a set of transaction terms for a transaction;

a settlement date calculator configured to identify and generate a set of standard settlement dates based on the set of transaction terms;

an event-date generator configured to identify and generate a set of future market-related event dates based on the set of transaction terms; and

a display controller configured to display on a display device a plurality of calendar dates, a settlement date list showing the members of the set of standard settlement dates and an event date list showing the members of the set of future market-related event dates.

9. The computer-readable storage medium of claim 8 wherein:

each one of the plurality of calendar dates that corresponds to a member of the set of standard settlement dates is displayed in a visibly distinct manner from each one of the plurality of calendar dates that does not correspond to a member of the set of standard settlement dates.

10. The computer readable storage medium of claim 8 wherein:

each one of the plurality of calendar dates that corresponds to a member of the set of future market-related event dates is displayed in a visibly distinct manner from each one of the plurality of calendar dates that does not correspond to a member of the set of future market-related event dates.

11. The computer-readable storage medium of claim 8 wherein the set of future market-related event dates comprises a date corresponding to at least one of the following:

a national election,

an economic forecast,

a release of an economic report,

a monetary policy announcement,

a trade announcement,

an interest rate announcement,

a press release,

a congressional hearing,

a federal open market committee meeting, and

a financial summit meeting.

12. The computer-readable storage medium of claim 8, wherein the set of transaction terms comprises:

a transaction type;

a transaction date; and

a transaction currency designation.

13. The computer-readable storage medium of claim 12, wherein the transaction type is at least one of the following:

a foreign exchange transaction,

a spot transaction,

a currency swap,

a forward contract,

a futures contract,

a money market transaction,

a bond transaction,

a derivative contract, and

an option contract.

14. The computer-readable storage medium of claim 12, wherein the transaction currency designation comprises a pair of currencies.

15. The computer-readable storage medium of claim 12, wherein the event-date generator identifies and determines the set of future market-related event dates based on the transaction currency designation.

16. The computer-readable storage medium of claim 12, wherein the program is operable in a first mode of operation and a second mode of operation, wherein

in the first mode of operation, the set of standard settlement dates and the set of future market-related event dates fall within one month of the transaction date;

and

in the second mode of operation, the set of standard settlement dates and the set of future market-related event dates fall within one year of the transaction date.

17. The computer-readable storage medium of claim 8, wherein

the program further comprises a holiday date generator configured to identify and generate a set of holiday dates pertaining a territory associated with the set of transaction terms;

and

the display controller is configured to display on the display device a holiday list showing the members of the set of holiday dates.

18. The computer-readable storage medium of claim 17, wherein:

each one of the plurality of calendar dates that corresponds to a member of the set of holiday dates is displayed in a visibly distinct manner from each one of the plurality of calendar dates that does not correspond to a member or the set of holiday dates.

19. The computer-readable storage medium of claim 17, wherein the territory is selected by the user.

20. The computer-readable storage medium of claim 17, wherein the territory is determined based on a transaction currency designation.

21. The computer-readable storage medium of claim 17, wherein the territory comprises at least one of the following:

the world,

a plurality of countries,

a continent,

a geographic region,

a country,

a state within a country,

a county, and

a city.

22. The computer-readable storage medium of claim 17, wherein the set of holiday dates comprises a set of national holiday dates for the territory.

23. An electronic market calendar system, comprising:

a first memory storage area containing a plurality of future market-related event data sets, each market-related event data set based on at least one of a plurality of territories;

an event date generator configured to identify and generate a set of future market-related event dates based on a set of transaction terms and at least one of the plurality of future market-related event data sets;

a settlement date calculator configured to identify and generate a set of standard settlement dates based on the set of of transactiton terms;

a display controller, responsive to the event date generator and the settlement date calculator, configured to display to a user a calendar comprising a plurality of calendar dates, including the set of future market-related event dates and the set of standard settlement dates, wherein

each one of the plurality of calendar dates that corresponds to a member of the set of future market-related event dates is displayed in a visibly distinct manner from each one of the plurality of calendar dates that does not correspond to a member of the set of future market-related event dates, and

each one of the plurality of calendar dates that correspond to a member of the set of standard settlement dates is displayed in a visibly distinct manner from each one of the plurality of calendar dater that does not correspond to a member of the set of standard settlement dates.

24. The electronic market calendar system of claim 23, further comprising:

a second memory storage area containing a plurality of holiday data sets, each holiday data set pertaining to one of the plurality of territories; and

a holiday date generator configured to generate a set of holiday dates based on the set of transaction terms and at least one of the plurality of holiday data sets;

wherein each one of the plurality of calendar dates that corresponds to a member of the set of holiday dates is visibly distinguished from each one of the plurality of calendar dates does not correspond to a member of the set of holiday dates.

25. An electronic market calendar system, comprising:

means for acquiring a set of transaction terms;

means, responsive to the means for acquiring, for generating a set of future market-related event dates, based on the set of transaction terms, for at least one of a plurality of territories;

means for generating a set of standard settlement dates based on the set of transaction terms;

means for displaying to a user a calendar comprising a plurality of calendar dates, the plurality of calendar dates including the set of future market-related event dates and the set of standard settlement dates, wherein

each one of the plurality of calendar dates that corresponds to a member of the set of future market-related event dates is visibly distinguished from each one of the plurality of calendar dates that does not correspond to a member of the set of future market-related event dates, and

each one of the plurality of calendar dates that corresponds to a member of the set of standard settlement dates is visibly distinguished from each one of the plurality of calendar dates that does not correspond to a member of the set of standard settlement dates.

26. The electronic market calendar system of claim 25, further comprising:

means for generating a set of holiday dates based on the set of transaction terms;

wherein the plurality of calendar dates further includes the set of holiday dates; and

each one of the plurality of calendar dates that corresponds to a member of the set of holiday dates is visibly distinguished from each one of the plurality of calendar dates that does not correspond to a member of the set of holiday dates.

27. The electronic market calendar system of claim 25, further comprising:

an input control configured to accept a selection of the set of transaction terms from the user.

28. A method for displaying a market calendar, comprising:

inputting into an input control facility a set of transaction terms;

identifying and generating a set of future market-related event dates based on the set of transaction terms;

identifying and generating a set of standard settlement dates based on the set of transaction terms; and

displaying a calendar having a plurality of calendar dates to a user, including the set of standard settlement dates and the set of future market-related event dates;

wherein each one of the plurality of calendar dates that corresponds to a member of the set of future market-related event dates is visibly distinguished from each one of the plurality of calendar dates that does not correspond to a member of the set of future market-related event dates, and each one of the plurality of calendar dates that corresponds to a member of the set of standard settlement dates is visibly distinguished from each one of the plurality of calendar dates that does not correspond to a member of the set of standard settlement dates.

29. The method of claim 28, further comprising:

identifying and generating a set of holiday dates based on the set of transaction terms; and

displaying each one of the plurality of calendar dates corresponds to a member of the set of holiday dates in a visibly distinct manner from each one of the plurality of calendar dates that does not correspond to a member of the set of holiday dates.