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US 2014/0279356 A1Published application
Pairs trading system and method
AssigneeNYSE Group, Inc.
InventorThomas F. Haller
Life of this patent
Estimating the term…
Abstract
A trading platform adapted for pairs trading of unrelated securities from one or more asset classes using a single order approach is provided.
Claims12
A computer-implemented method of conducting a pairs trade, said method comprising:
- presenting, by a programmed computer, a plurality of predefined pairs of unrelated securities;
- receiving, by the programmed computer, a selection of a predefined pair from said plurality of predefined pairs for a pairs trade order, said predefined pair for said pairs trade order comprising a first leg and a second leg;
- entering, by the programmed computer, said pairs trade order as a single order in an order book designated to receive orders for said predefined pair;
- determining, by the programmed computer, whether order parameters associated with said first leg and said second leg have been met;
- and
- executing, by the programmed computer, said pairs trade order when order parameters associated with said first leg and said second leg are both met.
3 more elements
A computer system for conducting a pairs trade, comprising:
- a memory component;
- a processing component coupled to said memory component, wherein the processing component is configured to:
- present a plurality of predefined pairs of unrelated securities;
- receive a selection of a predefined pair from said plurality of predefined pairs for a pairs trade order, said predefined pair for said pairs trade order comprising a first leg and a second leg;
- enter said pairs trade order as a single order in an order book designated to receive orders for said predefined pair;
- determine whether order parameters associated with said first leg and said second leg have been met;
- and
- execute said pairs trade order when order parameters associated with said first leg and said second leg are both met.
5 more elements
A computer-implemented method of pairing securities, said method comprising:
- receiving, by a programmed computer, a request to pair at least two legs of unrelated securities, each security associated with a different asset class;
- identifying, by a programmed computer, a first security from a first asset class associated with a first leg;
- identifying, by a programmed computer, a second security from a second asset class associated with a second leg;
- determining, by a programmed computer, whether said first leg and said second leg are tradable as a pair;
- and
- creating, by a programmed computer, said requested pair of said unrelated securities, said created pair represented by a unique identifier.
3 more elements
A computer system for pairing securities, comprising:
- a memory component;
- a processing component coupled to said memory component, wherein the processing component is configured to:
- receive a request to pair at least two legs of unrelated securities, each security associated with a different asset class;
- identify a first security from a first asset class associated with a first leg;
- identify a second security from a second asset class associated with a second leg;
- determine whether said first leg and said second leg are tradable as a pair;
- and
- create said requested pair of said unrelated securities, said created pair represented by a unique identifier.
5 more elements
Dependencies are inferred from the claim text.