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US 8,027,893 B1Granted
News induced automated electronic securities transactions
AssigneeNews Technologies, LLC
InventorsSteven A. Burrows, John P. Elliott
Life of this patent
Estimating the term…
Abstract
News information is received. It is determined if the news information contains a reference to a company. It is further determined if the news information matches criteria associated with the company. Securities are automatically trade upon determining that said news information contains a reference to the company and determining that said news information matches criteria associated with the company.
Claims24
A method comprising:
- receiving, by a news processing engine of an electronic transaction system from a user via a user interface, match criteria that includes a term or phrase;
- receiving, by the news processing engine from the user via the user interface, automated execution details associated with the match criteria and a company;
- receiving, by the news processing engine from an electronic news source, news information, which excludes security market performance information, in a complete news story, a headline of a news story, or a synopsis of a news story;
- determining, by the news processing engine, said news information contains a reference to the company;
- determining, by the news processing engine, said news information matches the match criteria by determining that the news information includes the term or phrase;
- and
- sending, by the news processing engine, trade information based on the automated execution details to a transaction engine of the electronic transaction system, the transaction engine being communicatively coupled with the news processing engine, said sending the trade information based upon said determining that said news information contains a reference to the company and determining that said news information matches the match criteria, said sending to effect an automated trade of securities.
4 more elements
A method comprising:
- receiving, by a news processing engine of an electronic transaction system from a user via a user interface, match criteria associated with a subject matter, the match criteria to include a term or phrase;
- receiving, by the news processing engine from the user via the user interface, automated execution details associated with the match criteria and a company;
- receiving, by the news processing engine from an electronic news source, at least a portion of a news story, said news story containing a reference to the subject matter and being only indirectly related to the company;
- determining, by the news processing engine, said at least a portion of a news story matches the criteria by determining that the news story includes the term or phrase;
- sending, by the news processing engine, trade information based on the automated execution details to a transaction engine of the electronic transaction system, the transaction engine being communicatively coupled with the news processing engine, said sending the trade information based upon said determining that said news story matches the criteria, said sending to effect an automated trade of securities.
2 more elements
A method comprising:
- receiving, by a news processing engine of an electronic transaction system from a user via a user interface, match criteria that includes a term or phrase;
- receiving, by the news processing engine from the user via the user interface, automated execution details associated with the match criteria and a company;
- receiving, by the news processing engine from an electronic news source, a press release from the company;
- determining, by the news processing engine, the press release matches the match criteria by determining that the press release includes the term or phrase;
- and
- sending, by the news processing engine, trade information based on the automated execution details to a transaction engine of the electronic transaction system, the transaction engine being communicatively coupled with the news processing engine, said sending the trade information based upon said determining that said press release matches the match criteria, said sending to effect an automated trade of securities related to the company.
3 more elements
Dependencies are inferred from the claim text.