Network-Based Systems, Methods, and Apparatuses for Constructing and Executing Transactions

A computer-based system of executing an action comprising:

• a server configured to transmit and receive trading data, wherein the server is geographically proximal to a trading exchange, wherein the server comprises a processor, the processor programmed to
• receive trading data comprising a trade order for a security transmitted from a device programmed with a trading algorithm, the trading algorithm generated using a plurality of drag and droppable widgets, each icon displayed as a widget in a browser, each icon associated with a component of the trading algorithm;
• and
• execute the action using a transformed version of a combination of the plurality of widgets such that the security is traded within a time period P, wherein the action is a trade order.

A computer-based transaction system comprising:

• a memory storage device comprising an algorithmic trading software application, the application comprising,
• a graphic user interface comprising an active region and an algorithm builder interface;
• a library comprising a plurality of trading algorithm components, each component corresponding to a widget when placed in the active region;
• a set of widgets linked to one of the plurality of trading algorithm components;
• a user input monitor configured to detect selection and arrangement of each widget within the active area;
• and
• a widget translator configured to process a finalized trading algorithm and transmit any output trading orders resulting from executing the finalized trading algorithm to a proximity server.