Market indicator process and method
AssigneeThe NASDAQ OMX Group, Inc.
InventorsWilliam Teague, John Delta, Donald H. Bosic
Life of this patent
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Abstract
A market indicator process, residing on a server, predicts an opening index price of a security index including at least two discrete securities. A trade monitoring process monitors at least a portion of the trading of the discrete securities that occur outside of a regular trading session. A closing price variation calculation process, responsive to the trade monitoring process, calculates the predicated opening index price of the security index for the beginning of the next regular trading session with respect to a closing index price of the security index at the end of the previous regular trading session. The index prices are indicative of the cumulative value of the discrete securities.
Claims21
A computer, for calculating a predicted opening index price of a security index that includes at least two discrete securities, the computer comprising:
- a processor:
- memory coupled to the processor;
- and
- a computer readable medium storing a computer program product comprising computer-executable instructions to cause the computer to:
- monitor at least a portion of trading of said discrete securities in a market with trading occurring outside of a regular trading session of the market being monitored;
- and
- calculate, based on prices at which the monitored discrete securities trade, the predicted opening index price of the security index for the beginning of the next regular trading session with respect to a closing index price of said security index at the end of the previous regular trading session, with the predicted opening and closing index prices being indicative of a cumulative value of said discrete securities.
A computer-implemented method for calculating a predicted opening index of a security index, the method executed on one or more computer systems, the method comprising:
- defining, using the one or more computer systems, a security index data structure representing a security index including at least two discrete securities, wherein said index price is indicative of the cumulative value of said discrete securities;
- monitoring, using the one or more computer systems, at least a portion of trading of said discrete securities in a market with the trading occurring outside of a regular trading session of the market;
- and
- calculating by the one or more computer systems based on the trading of the securities that occurs outside of the regular trading session of the market, the predicted opening index price of said security index for the beginning of the next regular trading session with respect to a closing index price of said security index at the end of the previous regular trading session.
A computer-implemented method for calculating a predicted opening index price of a security index including at least two discrete securities, the method executed on one or more computer systems, the method comprising:
- monitoring, using the one or more computer systems, at least a portion of trading of the discrete securities in a market with the trading occurring outside of a regular trading session of the market being monitored;
- and
- calculating by the one or more computer systems, based on prices at which the monitored discrete securities trade, the predicted opening index price of the security index for the beginning of the next regular trading session with respect to a closing index price of the security index at the end of the previous regular trading session, with the predicted opening and closing index prices being indicative of the cumulative value of the discrete securities.
A computer program product for calculating a predicted opening index price of an index, the computer program product residing on a computer readable medium having a plurality of instructions stored thereon which, when executed by the processor, cause that processor to:
- monitor at least a portion of the trading of discrete securities in a market with trading occurring outside of a regular trading session of the market being monitored;
- and
- calculate, based on prices at which the monitored discrete securities trade, the predicted opening index price of the security index for the beginning of the next regular trading session with respect to a closing index price of the security index at the end of the previous regular trading session, with the predicted opening and closing index prices being indicative of the cumulative value of the discrete securities.
Dependencies are inferred from the claim text.