Supercharge Your Innovation With Domain-Expert AI Agents!

Automated system for conditional order transactions in securities or other items in commerce

An order and condition technology, applied in data processing applications, special data processing applications, finance, etc., to solve problems such as the complexity of trade practices

Inactive Publication Date: 2002-10-16
5TH MARKET INC
View PDF0 Cites 7 Cited by
  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

The convertible securities market has not gone to the same extent that the equity investment market uses the system, partly because of the complexity of "typical" trading practices

Method used

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more

Image

Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
  • Automated system for conditional order transactions in securities or other items in commerce
  • Automated system for conditional order transactions in securities or other items in commerce
  • Automated system for conditional order transactions in securities or other items in commerce

Examples

Experimental program
Comparison scheme
Effect test

example 1

[0096] A user can view the risk arbitrage order book in multiple formats, first, the price of the transferor's securities versus the price of the transferee's securities, second, the price of the transferor's "arbitrage discount" versus the price of the transferee's securities, and third, the "investment recovery" rate” to the transferee’s security price. In the first case, the user is looking at security prices and does not include the analytical premise, but he can change the underlying price and then view the set of orders correctly categorized and displayed as if the price of the underlying security had been changed. This does not affect how other users view the information, nor does it affect how orders are managed by the trading engine being viewed.

example 2

[0098] In the above example (third view: "investment recovery rate" vs. transferee security price), each user can enter the premises related to the remaining time of the transaction, holding cost, short discount, ex-dividend date, volatility, etc., and the interface can display The "Return on Investment" view of its order book implies the order of the user's prerequisites. Since each user's order book shows different numbers, one user can enter an order close to 18% IRR (internal profit rate), while another user can enter an order close to 12% IRR, and these orders may be exactly the same (in a certain 12% on one user's screen, 18% on another, and differently on other terminals).

example 3

[0100] Currently, the bandwidth demand in the stock pre-order trading market is huge, and it is growing every day. The reason is that there are many contracts (buy and sell) for each underlying security. Floor brokers raise or lower their bids or asks for options when the market for the underlying stock of a security such as IBM changes. Distributing new quotes uses a lot of bandwidth since a 1 / 2 point change in IBM securities will affect the price of 100-200 contracts. The method of distributing algo orders reduces bandwidth because only changes in the underlying security price are sent to the UI. The UI accepts changes in the price of the underlying security and then displays the price for 100-200 contracts without "redistributing" the quote.

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

PUM

No PUM Login to View More

Abstract

An apparatus and method for buying and selling positions in fungible titles between subscribers in an automated, anonymous manner. Certain embodiments described in this disclosure relate to buying and selling securities or contracts, where the quoted price to buy or sell title depends on factors such as the ability to buy or sell other titles, or the actual buying or selling other proprietary rights. Specifically, the system includes: a method by which the system sorts and displays information available for each order, a method by which the system matches buy and sell orders and attempts to execute trades using other markets without violating conditions set by the subscriber , the means by which the device executes transactions and reports prices to third parties in order to satisfy the user's conditions and report short sales in accordance with the rules and regulations governing the content of the appropriate regulations for each subscriber in an affiliated transaction. A communication system is described for users to communicate anonymously to complete transactions in the above title under the above conditions.

Description

[0001] This PCT application is a continuation-in-part of application serial number 09 / 359,686 filed in the United States on July 23, 1999. technical field [0002] The present invention relates to systems and methods for conditional trading of arbitrary items on one or more electronic networks. More specifically, the preferred embodiments of the present invention relate to systems and methods for expedient trading of securities, such as convertible bond "swaps," risk arbitrage, and pairs in both listing and over-the-counter markets. Background technique [0003] There are typically five classes of industry participants involved in convertible securities: 1) mutual funds, which make decisions to buy and sell convertible securities based on a) fundamental research pertaining to the company or industry and b) asset allocation and portfolio adjustment decisions; 2) arbitrage funds, which buy and sell securities based on the relative value of the convertible security to its under...

Claims

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

Application Information

Patent Timeline
no application Login to View More
Patent Type & Authority Applications(China)
IPC IPC(8): G06Q40/06
CPCG06Q40/00G06Q40/04G06Q50/16
Inventor 罗伯特·斯科特·涅布尔皮德罗(皮特)·V·巴尔卡斯伊万·N·西多夫迈克·詹姆斯·埃尔德雷德
Owner 5TH MARKET INC
Features
  • R&D
  • Intellectual Property
  • Life Sciences
  • Materials
  • Tech Scout
Why Patsnap Eureka
  • Unparalleled Data Quality
  • Higher Quality Content
  • 60% Fewer Hallucinations
Social media
Patsnap Eureka Blog
Learn More

Browse by: Latest US Patents, China's latest patents, Technical Efficacy Thesaurus, Application Domain, Technology Topic, Popular Technical Reports.

© 2025 PatSnap. All rights reserved.Legal|Privacy policy|Modern Slavery Act Transparency Statement|Sitemap|About US| Contact US: help@patsnap.com