System and method for event-based trading
AssigneeTrading Technologies International, Inc.
InventorsGerald J. O'Connor, Stephen J. Murphy
Life of this patent
Estimating the term…
Abstract
A system and method for news-based trading are developed. According to one method, a trader can pre-define a trading strategy including a number of trading rules to be applied based on a comparison of one or more estimated event values to the respective actual event values to be released at some later time. The example method further includes, upon receiving one or more actual event values via a user input or directly from outside sources, executing one or more predefined trading rules selected based on the comparison of the received actual event values to the respective estimated indicator values.
Claims23
(canceled)
A system comprising:
- a computing device,
- wherein the computing device is configured to receive an actual event value for a news-based event from a source other than an electronic exchange,
- wherein the computing device is configured to compare the actual event value to an estimated event value for the news-based event, wherein the estimated event value is defined prior to receiving the actual event value,
- wherein the computing device is configured to select a trading rule of a plurality of trading rules based on the comparison, and
- wherein the computing device is configured to generate a trade order message associated with a tradeable object based on the selected trading rule, wherein the trade order message is to be sent to the electronic exchange.
A system, comprising:
- a computing device,
- wherein the computing device is configured to receive an electronic trading rule to be executed when a first news event value matches a second news event value to be known at a later time, wherein the second news event value originates from a source other than an electronic exchange that matches orders at prices for a tradeable object,
- wherein the computing device is configured to display a trading rule icon at a first location of a plurality of locations corresponding to news event values along an axis, wherein the first location corresponds to the first news event value, and wherein the trading rule icon is adjustable via a user input device to be displayed at a second location corresponding to a third news event value,
- wherein after the adjustment of the trading rule icon to the second location, the computing device is configured to change the first news event value in the electronic trading rule to the third news event value, and wherein after the adjustment of the trading rule icon the electronic trading rule is to be executed when the third news event value matches the second news event value,
- wherein the computing device is configured to receive the second news event value before the adjustment of the trading rule icon,
- wherein the computing device is configured to execute the electronic trading rule when the second news event value matches the first news event value, wherein executing the electronic trading rule comprises generating a transaction message to be sent to the electronic exchange;
- and
- wherein the computing device is configured to provide a graphical indicator in relation to the trading rule icon to indicate a current stage of execution of the electronic trading rule.
Dependencies are inferred from the claim text.