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.
Claims19
A method for event-based trading, the method comprising:
- receiving by a computer device a news data feed originating from a source other than an exchange, wherein the news data feed provides an actual event value for a news event that affects a market related to a tradeable object;
- receiving by the computer device an estimated event value for the news event prior to announcement of the actual event value;
- defining by the computer device a first trading strategy comprising a first plurality of trading rules to be executed based on a comparison of the estimated event value to the actual event value;
- receiving by the computer device the actual event value subsequent to receiving the estimated event value and defining the first trading strategy;
- selecting by the computer device a trading rule of the first plurality of trading rules corresponding to the first trading strategy based on a comparison of the actual event value to the estimated event value;
- and
- executing by the computer device the selected trading rule, wherein executing the selected trading rule comprises generating a transaction message to be sent to the exchange.
A computer readable medium having stored therein instructions executable by a processor to perform a method for event-based trading, the method comprising:
- receiving a news data feed originating from a source other than an exchange, wherein the news data feed provides an actual event value for a news event that affects a market related to a tradeable object;
- receiving an estimated event value for the news event prior to announcement of the actual event value;
- defining a first trading strategy comprising a first plurality of trading rules to be executed based on a comparison of the estimated event value to the actual event value;
- receiving the actual event value subsequent to receiving the estimated event value and defining the first trading strategy;
- selecting a trading rule of the first plurality of trading rules corresponding to the first trading strategy based on a comparison of the actual event value to the estimated event value;
- and
- executing the selected trading rule, wherein executing the selected trading rule comprises generating a transaction message to be sent to the exchange.
Dependencies are inferred from the claim text.