US 11,694,259 B2Granted

Authorization of a trading strategy algorithm

AssigneeTrading Technologies International, Inc.

InventorsJefferson Ale Crist, Daniel Lidor

Life of this patent

Estimating the term…

Abstract

Systems, methods, and computer-readable storage media are provided for authorizing a trading algorithm prior to execution of the trading algorithm. An example method includes receiving a trading algorithm definition associated with a unique identifier and sending the unique identifier to an algorithm server that is operable to execute programming code representing the trading algorithm. The unique identifier may be associated with a trader authorized to execute the programming code. The algorithm server may check the unique identifier prior to execution of the programming code to ensure that the trading algorithm has been authorized.

Claims8

Dependent claims

A computer readable medium having stored therein instructions executable by a processor, including instructions executable to:

receive a trading algorithm definition corresponding to a trading algorithm, the trading algorithm having a plurality of variable parameters;
in response to the received trading algorithm definition:
generate programming code representing the trading algorithm;
generate a unique identifier identifying at least both the programming code representing the trading algorithm and a trader authorized to execute the programming code, wherein the unique identifier is modified in response to a change to the trading algorithm;
send the unique identifier and the generated programming code representing the trading algorithm to an algorithm server operable to execute programming code, and
store the unique identifier sent to the algorithm server and the generated programming code representing the trading algorithm;
receive a user input that authorizes the trading algorithm definition for execution on the algorithm server;
in response to the received user input, launch the programming code representing the trading algorithm;
receive a parameter range for at least one parameter of the plurality of variable parameters;
subsequent to the launch of the programming code representing the trading algorithm, receive a modifications to the programming code representing the trading algorithm, wherein the modification to the programming code including a change to the at least one parameter;
in response to the received modifications to the programming code representing the trading algorithm, compare the change to the at least one parameter to the parameter range;
in response to the compared change to the at least one parameter to the parameter range, determine that the unique identifier stored at the algorithm server has not been modified;
in response to the determination that the change to the at least one parameter is within the parameter range and the unique identifier has not been modified, execute, by the algorithm server, at least the modifications to the programming code including the change to the at least one parameter;
and
in response to the determination that the change to the at least one parameter is not within the parameter range and the unique identifier has not been changed, prevent the modifications to the code from being executed.

12 more elements

Dependencies are inferred from the claim text.

Facts

Application: 17/337,943Filed 3 Jun 2021 · continuation
Priority: 8 Apr 2011
Published: US 2022/0391976 A18 Dec 2022
Granted: 4 Jul 2023
Term ends: Not estimatedThe source records don’t support an estimate.

Classification5 codes

G06Q 40/04
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: trading; Exchange, e.g. stocks, commodities, derivatives or currency…
G06F 8/30
Arrangements for software engineering: creation or generation of source code
G06F 21/44
Authentication, i.e. establishing the identity or authorisation of security principals: program or device authentication
G06Q
Information and communication technology [ict] specially adapted for administrative, commercial, financial, managerial

Family

Application13/083,250Parent of this continuation · filed 8 Apr 2011
US 2022/0391976 A1Pre-grant publication · published 8 Dec 2022
US 11,055,774 B2Parent of this continuation
US 2012/0259759 A1Published application
US 11,694,259 B2This patent

From the US filing history. Foreign family members aren’t listed.

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Abstract

A computer readable medium having stored therein instructions executable by a processor, including instructions executable to:

receive a trading algorithm definition corresponding to a trading algorithm, the trading algorithm having a plurality of variable parameters;
in response to the received trading algorithm definition:
generate programming code representing the trading algorithm;
generate a unique identifier identifying at least both the programming code representing the trading algorithm and a trader authorized to execute the programming code, wherein the unique identifier is modified in response to a change to the trading algorithm;
send the unique identifier and the generated programming code representing the trading algorithm to an algorithm server operable to execute programming code, and
store the unique identifier sent to the algorithm server and the generated programming code representing the trading algorithm;
receive a user input that authorizes the trading algorithm definition for execution on the algorithm server;
in response to the received user input, launch the programming code representing the trading algorithm;
receive a parameter range for at least one parameter of the plurality of variable parameters;
subsequent to the launch of the programming code representing the trading algorithm, receive a modifications to the programming code representing the trading algorithm, wherein the modification to the programming code including a change to the at least one parameter;
in response to the received modifications to the programming code representing the trading algorithm, compare the change to the at least one parameter to the parameter range;
in response to the compared change to the at least one parameter to the parameter range, determine that the unique identifier stored at the algorithm server has not been modified;
in response to the determination that the change to the at least one parameter is within the parameter range and the unique identifier has not been modified, execute, by the algorithm server, at least the modifications to the programming code including the change to the at least one parameter;
and
in response to the determination that the change to the at least one parameter is not within the parameter range and the unique identifier has not been changed, prevent the modifications to the code from being executed.

12 more elements

Facts

Application

17/337,943Filed 3 Jun 2021 · continuation

Priority

8 Apr 2011

Published

US 2022/0391976 A18 Dec 2022

Granted

4 Jul 2023

Term ends

Not estimatedThe source records don’t support an estimate.

Classification5 codes

G06Q 40/04
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: trading; Exchange, e.g. stocks, commodities, derivatives or currency…
G06F 8/30
Arrangements for software engineering: creation or generation of source code
G06F 21/44
Authentication, i.e. establishing the identity or authorisation of security principals: program or device authentication
G06Q
Information and communication technology [ict] specially adapted for administrative, commercial, financial, managerial

Family

Application13/083,250Parent of this continuation · filed 8 Apr 2011

US 2022/0391976 A1Pre-grant publication · published 8 Dec 2022

US 11,055,774 B2Parent of this continuation

US 2012/0259759 A1Published application

US 11,694,259 B2This patent

From the US filing history. Foreign family members aren’t listed.