Interactive Trading System for Real-Time Order Execution
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Solution Overview
Problem
Investors face inefficiencies in making timely investment decisions due to delayed trade execution and limited access to comprehensive market information, particularly in identifying relationships between financial instruments, which hinders their ability to manage risk effectively.
Innovation Solution
An interactive computerized system that provides retail investors with access to historical trading data, allowing them to analyze the relationships between a target security and other securities purchased contemporaneously, enabling more informed investment decisions through online communication and order execution.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional in-person or telephone trading methods are used, then investors can receive personalized broker advice, but trade execution is delayed by minutes to hours
Solution Approach 1:
The patent replaces the mechanical communication system (in-person or telephone) with an electronic computerized system that enables real-time order entry and execution through internet connectivity, eliminating the time delay between order placement and execution while maintaining the ability to receive personalized investment advice through the same platform
2Loss of time
If online trading platforms are implemented, then trade execution speed is reduced to less than one minute, but investors lack comprehensive market information about relationships between financial instruments
Solution Approach 1:
The patent introduces an intermediary information system that connects investors to comprehensive market data through the computerized platform. This intermediary provides real-time and historical market information, including relationships between financial instruments, enabling investors to make informed decisions while maintaining fast trade execution speeds
Solution Approach 2:
The system provides feedback to investors by displaying market information, trading patterns, and relationships between financial instruments on the platform. This feedback mechanism enables investors to understand market dynamics and make more informed trading decisions while maintaining rapid order execution capability
3Ease of operation
If standard trading orders with limited conditions are used, then the system remains simple to operate, but investors cannot access comprehensive historical trading data to analyze security relationships
Solution Approach 1:
The patent creates a universal platform that combines standard trading order functionality with comprehensive historical data access and analysis tools. The system allows investors to place conventional orders while simultaneously accessing detailed historical trading data and analyzing relationships between financial instruments through the same interface, maintaining ease of operation while expanding information accessibility
Data Source
AI summary
The invention relates to an improved means for interactive computerized communications having a facilitated capability for order entry and order execution, and providing an enhanced range of trading forms and methods to clients of brokerage firms dealing in financial instruments. In particular, the invention relates to a type of interactive computerized system and software program providing services based from trading patterns, to result in a more efficient and flexible range in the type of allowable trades, and that provides thereby innovative and strategic advantages to individual investors of brokerage firms, for actively managing financial instruments held in trading accounts.