WO1999001983A1 - System for monitoring a stock market financial parameters and device therefor - Google Patents

System for monitoring a stock market financial parameters and device therefor Download PDF

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Publication number
WO1999001983A1
WO1999001983A1 PCT/FR1998/001397 FR9801397W WO9901983A1 WO 1999001983 A1 WO1999001983 A1 WO 1999001983A1 FR 9801397 W FR9801397 W FR 9801397W WO 9901983 A1 WO9901983 A1 WO 9901983A1
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WO
WIPO (PCT)
Prior art keywords
comments
financial
market
markets
automated
Prior art date
Application number
PCT/FR1998/001397
Other languages
French (fr)
Inventor
Patrick Levy Rosenthal
Original Assignee
Audio Track
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Audio Track filed Critical Audio Track
Priority to AU83465/98A priority Critical patent/AU8346598A/en
Priority to EP98933759A priority patent/EP1004203A1/en
Publication of WO1999001983A1 publication Critical patent/WO1999001983A1/en

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Classifications

    • H—ELECTRICITY
    • H04—ELECTRIC COMMUNICATION TECHNIQUE
    • H04N—PICTORIAL COMMUNICATION, e.g. TELEVISION
    • H04N7/00—Television systems
    • H04N7/14—Systems for two-way working
    • H04N7/141—Systems for two-way working between two video terminals, e.g. videophone
    • H04N7/147—Communication arrangements, e.g. identifying the communication as a video-communication, intermediate storage of the signals
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
    • H—ELECTRICITY
    • H04—ELECTRIC COMMUNICATION TECHNIQUE
    • H04L—TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
    • H04L12/00—Data switching networks
    • H04L12/02—Details
    • H04L12/16—Arrangements for providing special services to substations
    • H04L12/18—Arrangements for providing special services to substations for broadcast or conference, e.g. multicast
    • H04L12/1804—Arrangements for providing special services to substations for broadcast or conference, e.g. multicast for stock exchange and similar applications

Definitions

  • the present invention relates to a system allowing operators on financial markets to monitor the financial parameters of a stock market. It also relates to a reception device making it possible to implement the method.
  • Systems and devices which allow operators on financial markets located at a distance from trading rooms and / or stock exchanges (or generally from places where financial transactions take place) to follow on a console. visualization of price fluctuations.
  • These systems only provide operators on the financial markets with the information they need to be able to react quickly and take intervention decisions corresponding to their line of action. In fact, they would need information and comments that could help them coordinate their interventions in several markets at the same time.
  • the object of the system according to the invention is to provide operators on the financial markets with audio comments which help them to anticipate developments in each market. These audio comments can be supplemented by visuals.
  • the technical analysis consists in applying mathematical models to the evolution of a course, in order to try to identify and predict the future direction of the market.
  • the purpose of graphical analysis is to define and predict the future direction of the market, based on graphical figures formed by stock quotes (for example: curves).
  • Document WO 96 41478 A in the name of TV GUIDE ON SCREEN, describes a system making it possible to bring to the attention of a viewer information concerning the program which he is currently watching (a sports program for example) in at the same time as the sporting event is broadcast. This document does not concern a system making it possible to follow the financial markets of the auction type or of the electronic type.
  • the means described in this document are not designed to process information from emission sources with a view to automatically editing, from statistics relating to market fluctuations, audio and / or visual comments, in particular under the form of technical and / or graphical analyzes.
  • the information originating from the emission sources is only formatted in order to facilitate its presentation on the television screen.
  • variable data in the name of TEKNEKRON SOFTWARE SYSTEMS INC, relates to a device and a method for presenting, on a screen, variable data with time. It describes how variable data can be formatted to make it easier to read. The data are not processed before presentation in order to edit a comment within the meaning of the present invention.
  • the system according to the invention comprises emission means arranged to transmit said financial parameters in real time, in particular the price, volume, participants and trend of this market as well as, in the case of auction markets, outcry comments prepared by financial analysts.
  • the system according to the invention further comprises means of communication arranged for remotely transferring said financial parameters and said outcry comments sent by said transmission means.
  • the system according to the invention also comprises editing means for editing automated comments in real time.
  • the automated comments include the financial parameters, in particular the price, the volume, the participants and the trend of this market, as well as comments from technical and / or graphical analyzes. These automated comments are edited from statistics relating to market fluctuations.
  • Said editing means further comprise transmission means for transmitting said automated comments to operators on the financial markets, in particular, via said means of communication.
  • the system according to the invention further comprises reception means multimedia, interconnected to the means of communication.
  • multimedia reception means are arranged to bring to the knowledge of operators on the financial markets, in audiovisual form, said financial parameters emitted by said emission means as well as said automated comments and / or said outcry comments established by financial analysts.
  • Said multimedia reception means include information processing means enabling the operator on financial markets: to view the list of active markets, to select, from this list, the market which concerns him, - to listen and / or view said comments at the auction of financial analysts and / or said automated comments, relating to the selected market. Thanks to this combination of means, the operator on the financial markets can, while following price trends, listen to the comments of the financial analysts at auction and / or the automated comments.
  • the operator on the financial markets can complete, in real time, their information on the physiognomy of the market, by listening to technical and / or graphical analyzes replacing the fluctuations of the market in a more precise forecast analysis of it.
  • the system according to the invention is such that said editing means for editing in real time, in an automated manner, from statistics relating to market fluctuations , automated comments, are located in a host center.
  • the server center has statistics relating to market fluctuations
  • operators on financial markets receive, via said server center, said automated comments.
  • These automated comments include the financial parameters, in particular the price, volume, participants and trend of this market, as well as comments from technical and / or graphical analyzes.
  • the system according to the invention is such that said editing means for editing in real time, in an automated manner, from statistics relating to market fluctuations, automated comments, are located in the multimedia reception means .
  • said editing means for editing in real time, in an automated manner, from statistics relating to market fluctuations, automated comments are located in the multimedia reception means .
  • the multimedia reception means have statistics relating to market fluctuations
  • operators on the financial markets have direct access to these automated comments.
  • These automated comments include the financial parameters, in particular the price, volume, participants and trend of this market, as well as comments from technical and / or graphical analyzes.
  • the system allowing operators on financial markets to follow the financial parameters of a stock market has the following characteristics.
  • Said system comprises emission means arranged to transmit in real time said financial parameters, in particular the price, the volume, the participants, the trend of this market and / or the statistics relating to market fluctuations.
  • Said system further comprises communication means arranged to remotely transfer said financial parameters transmitted by said transmission means.
  • the system also includes multimedia reception means interconnected with the communication means.
  • Said receiving means comprise editing means for automatically editing, in real time, from said financial parameters, automated comments.
  • Said reception means further comprise means for processing information allowing the operator on financial markets: to view the list of active markets, to select from this list the market which concerns him, to listen and / or view in real time, said automated comments relating to the selected market.
  • operators on the financial markets have comments automated concerning the financial parameters, in particular the price, the volume, the participants and the trend of this market. They also have automated comments regarding technical and / or graphical analyzes.
  • said editing means comprise calculation means generating codes representative of the automated comments including market fluctuations. Said codes are decoded by said reception means, after reception by them, and transformed into clear in a vocal and / or visual and / or tactile sequence.
  • the system according to the invention is such that said information processing means also comprise alert means.
  • alert means make it possible to define alert thresholds specific to each market and to alert the operator on the financial markets when the alert thresholds are crossed, in particular by making him hear said comments from financial analysts and / or said comments. automated.
  • the invention also relates to an audiovisual reception device making it possible to implement the system described above.
  • This audiovisual reception device includes information processing means allowing the operator on financial markets: to view the list of active markets, - to select from this list, the market which concerns him, to listen and / or view audio and / or visual comments made in real time, relating to the selected market.
  • said comments are edited automatically, in real time, by editing means. They are published from statistics relating to market fluctuations.
  • Automated comments include the parameters financial, including the price, volume, participants and the trend of this market, as well as comments from technical and / or graphical analyzes.
  • Said editing means also comprise transmission means for transmitting said automated comments, in particular to financial operators, via communication means, to the information processing means of the audiovisual reception device. The operator on the financial markets thus has an automatic voice commentary in real time.
  • the device according to the invention further comprises said editing means making it possible to edit said automated comments.
  • the audiovisual reception device allowing operators on financial markets to monitor the financial parameters of a stock market; has the following characteristics.
  • the device is designed to receive, via means of communication, said financial parameters, in particular the price, volume, participants, the trend of this market and / or statistics relating to market fluctuations.
  • Said audiovisual reception device comprises editing means for automatically editing, in real time, from said financial parameters, automated comments.
  • Said reception means further comprise means for processing information allowing the operator on financial markets: to view the list of active markets, - to select, from this list, the market which concerns him, to listen and / or view, in real time, said automated comments, audio and / or visual, relating to the selected market.
  • the device according to the invention is such that it further comprises decoding means for transforming into clear, into a vocal and / or visual and / or tactile sequence, codes representative of market fluctuations and automated comments. Said codes are generated by calculation means associated with said editing means.
  • the audiovisual reception device is such that said information processing means also comprise alert means for defining alert thresholds specific to each market and for alerting the operator on financial markets when the thresholds alert are crossed in particular by making him hear said comments from financial analysts and / or said automated comments.
  • alert means for defining alert thresholds specific to each market and for alerting the operator on financial markets when the thresholds alert are crossed in particular by making him hear said comments from financial analysts and / or said automated comments.
  • Figure 1 an overall view of the system
  • Figure 2 the control screen of the audio reception device visual
  • Figure 3 the control screen of the audiovisual reception device when it is in the audio position
  • Figure 4 the control screen of the audiovisual reception device when it is no longer in the audio position.
  • FIG. 1 shows an overview of the system.
  • the transmission means 1 comprise microphones 1a in the example described.
  • the transmission means 1 are in the case of this alternative embodiment located in the places where the financial transactions take place. They allow a financial analyst lb to transmit in real time the price of a market as well as comments anticipating developments in each market and indicating in particular the volumes, participants and the trend of this market.
  • the transmission means 1 could be located, at least in part, where the financial analysts draw up the comments at the auction.
  • the communication means 2a, 2b, 2c, 3a, 3b, 3c are adapted to remotely transfer the information transmitted by the transmission means 1. They form a chain composed of the elements described below.
  • Eighteen channels 2a interconnected with the transmission means 1, transport the audio signals to a concentrator 2b, located in London in the embodiment described.
  • This concentrator compresses audio signals using digital signal processors (DSP) and then multiplexes 2c.
  • DSP digital signal processors
  • a 2d data channel is also multiplexed in order to simultaneously send information and comments on the markets concerned.
  • editing means are provided to edit automated comments in real time.
  • the automated comments include the financial parameters, in particular the price, the volume, the participants and the trend of this market, as well as comments from technical and / or graphical analyzes.
  • the editing means 5 comprise calculation means which generate codes on the basis of the fluctuations in the market quotes. For example, if the price goes from 100 to 101 and then to 102, the calculation means will deduce the codes corresponding to this fluctuation, for example the codes M32 and A5. It is these codes representative of the automated comments that are transmitted by the means of transmission of the publishing means 5, to the operators on the financial markets 4, in particular, via the said communication means 2e, 3a, 3b, 3c.
  • the information, comments and audio signals thus compressed and multiplexed are converted into an asynchronous stream at 115,200 bps leaving via a serial port RS232 / 422, 2e. This stream is then transmitted via a radio link
  • the multimedia reception terminals 4 demultiplex the incoming information and recreate the data channel (information, comments) and the eighteen audio channels.
  • the multimedia reception terminals 4 include information processing means, in particular in the form of software. These information processing means allow the operator on the financial markets to view the list of active markets on a screen 4a. The latter can then select the market which concerns him from this list, by actuating the control unit 4b and activating the corresponding icon. He can then listen, using the terminal's speaker 4c, to information and comments relating to the selected market, sent in real time. These comments indicate to him in particular the volumes, the participants and the trend of this market.
  • the processing means decode the codes M32 and A5 coming from the editing means 5.
  • the operator on the financial markets then hears the following sentence in the loudspeaker 4c of the multimedia reception terminal 4, corresponding to these codes : "The CAC 40 market has just grown from 100 to 102 and technically the market is becoming overbought.” Thanks to this combination of means, the operator on the financial markets can, while monitoring price trends on the display screen 4a, listen to 4c the comments of financial analysts and / or the automated voice comments provided by the means of 'edition 5.
  • control screen 20 of the operator's terminal on the financial markets At the lower part 21 of the control screen 20 appear the icons 21a of the places where the financial transactions and for which the system according to the invention makes it possible to obtain audio comments (Bunds, Notional 10%, CBT, Pibor, London Metal, Long Gilt, (registered trademarks), etc.).
  • audio comments Bounds, Notional 10%, CBT, Pibor, London Metal, Long Gilt, (registered trademarks), etc.
  • the operator on the financial markets can activate the processing means and obtain, by means of the loudspeaker 4c, information relating to the markets thus selected.
  • An intermediate bar 22 contains the following icons: the icon 22a for controlling the volume of the sound emitted by the loudspeaker, the icon 22b "Info", the role of which will be seen below when describing FIGS. 3 and 4, the icon 22c for controlling the list of places where financial transactions take place, the icon 22d for muting the sound, the icon 22e for stopping the information processing means, the icon 22f allowing to choose the configuration of information processing. By selecting these icons and activating them, the operator on the financial markets can control the operation of the processing means.
  • the intermediate bar 22 also contains a screen 22g making it possible to view the state of the information flow.
  • the upper part 23 of the control screen 20 includes zones making it possible to display: (i) the market 23a selected by the operator on the financial markets, (ii) if the market is active and its opening time 23b, (iii) the commenter 23c, (iv) the time 23d, (v) the geographic site of the selected market 23rd, (vi) the day 23f and the time 23g.
  • FIG. 3 relates to the case where an audio channel has been activated and where the operator on the financial markets listens to the information delivered by the loudspeaker 4c. In this case, by activating the icon
  • FIG. 4 relates to the case where no audio channel has been activated.
  • the financial market operator displays information on the lower part 21 of the control screen 20 general information about the market.
  • it can receive a message informing it that by selecting channel 8 "Pitvox" ( Figure 2) it will obtain the technical and graphical analyzes, in the sense defined above as well as the automated comments.
  • the editing means 5 are located in a server located in London. Information from the financial markets converges on this server then, after processing, is disseminated to the consoles of operators on the financial markets. Without departing from the scope of the present invention, it is also conceivable to locate said editing means in the multimedia reception device, in particular in the form of software. In fact, when the multimedia reception means have statistics relating to market fluctuations, the editing means 5 for automatically editing in real time, from said statistics, automated comments, can be located in said reception means multimedia.

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Abstract

The invention concerns a system enabling traders on financial markets to monitor a stock market financial parameters, comprising transmitting means (1, 1a) adapted to transmit in real time the market price and comments concerning in particular the volumes, the actors and the trend of said market. It also comprises communication means (2a, 2b, 2c, 2d, 2e, 3a, 3b, 3c) adapted for the remote transfer of the data transmitted by the transmission means and multimedia receiver means (4), interconnected with the communication means (2a, 2b, 2c, 2d, 2e, 3a, 3b, 3c), adapted to provide traders on financial markets, in audio-visual form, with data and comments (1b, 5) transmitted by the transmission means (1) and publishing means (5).

Description

Système permettant de suivre les paramètres financiers d'un marché boursier et dispositif permettant de mettre en oeuvre le système. System for monitoring the financial parameters of a stock market and device for implementing the system.
La présente invention concerne un système permettant à des opérateurs sur marchés financiers de suivre les paramètres financiers d'un marché boursier. Elle concerne également un dispositif de réception permettant de mettre en oeuvre le procédé.The present invention relates to a system allowing operators on financial markets to monitor the financial parameters of a stock market. It also relates to a reception device making it possible to implement the method.
On connaît des systèmes et des dispositifs qui permettent à des opérateurs sur marchés financiers situés à distance des salles de marché et/ou des bourses (ou d'une manière générale des lieux où s'opèrent des transactions financières), de suivre sur une console de visualisation les fluctuations des cours. Ces systèmes ne fournissent aux opérateurs sur marchés financiers qu'une partie des informations qui leur seraient nécessaires pour pouvoir réagir rapidement et prendre les décisions d'intervention correspondant à leur ligne d'action. En fait, il leur faudrait disposer d'informations et de commentaires qui puissent les aider à coordonner leurs interventions sur plusieurs marchés à la fois. Plus particulièrement, le système selon l'invention a pour objet de fournir aux opérateurs sur marchés financiers des commentaires audio qui les aident à anticiper les évolutions de chaque marché. Ces commentaires audio peuvent être complétés par des visuels. II existe deux types de marché, les marchés à la criée et les marchés électroniques. Le système selon l'invention est conçu pour suivre ces deux types de marché. Il comporte les moyens appropriés pour élaborer les commentaires et les mettre à la disposition des opérateurs boursiers, pour ces deux types de marché. Dans le cas des marchés à la criée, les commentaires permettant d'anticiper les évolutions de chaque marché sont établis par des analystes financiers disposant de moyen d'émission et de moyens de communication pour transmettre leurs commentaires aux opérateurs boursiers. Dans le cas des marchés électroniques, des moyens de traitement de l'information permettent d'éditer de manière automatisée, à partir des statistiques relatives aux fluctuations des marchés, les commentaires automatisés. Les commentaires automatisés comprennent les paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché, ainsi que des commentaires d'analyses techniques et/ou graphiques. Ces analyses techniques et/ou graphiques sont établies, au moyen de modèles mathématiques, à partir des statistiques relatives aux fluctuations des marchés. Il est ici précisé que l'analyse technique consiste à appliquer des modèles mathématiques à l'évolution d'un cours, afin d'essayer d'identifier et de prévoir le sens futur du marché. L'analyse graphique a pour objet de définir et de prévoir le sens futur du marché, à partir des figures graphiques que forment les cotations boursières (par exemple : des courbes). Le document WO 96 41478 A, au nom de TV GUIDE ON SCREEN, décrit un système permettant de porter à la connaissance d'un téléspectateur des informations concernant l'émission qu'il est en train de suivre (une émission sportive par exemple) en même temps que l'événement sportif est retransmis. Ce document ne concerne pas un système permettant de suivre les marchés financiers du type à la criée ou du type électronique. Les moyens décrits dans ce document ne sont pas conçus pour traiter les informations provenant des sources d'émission en vue d'éditer de manière automatisée, à partir des statistiques relatives aux fluctuations des marchés, des commentaires audio et/ou visuels, notamment sous la forme d'analyses techniques et/ou graphiques. Dans le cas du document WO 96 41478 A, les informations provenant des sources d'émission sont seulement formatées afin d'en faciliter la présentation sur l'écran de télévision.Systems and devices are known which allow operators on financial markets located at a distance from trading rooms and / or stock exchanges (or generally from places where financial transactions take place) to follow on a console. visualization of price fluctuations. These systems only provide operators on the financial markets with the information they need to be able to react quickly and take intervention decisions corresponding to their line of action. In fact, they would need information and comments that could help them coordinate their interventions in several markets at the same time. More particularly, the object of the system according to the invention is to provide operators on the financial markets with audio comments which help them to anticipate developments in each market. These audio comments can be supplemented by visuals. There are two types of market, the open market and the electronic market. The system according to the invention is designed to follow these two types of market. It includes the appropriate means to prepare comments and make them available to stock market operators, for these two types of market. In the case of auction markets, the comments allowing to anticipate the evolutions of each market are established by financial analysts having means of emission and means of communication to transmit their comments to the stock market operators. In the case of electronic markets, information processing means make it possible to edit automated comments, using statistics relating to market fluctuations. Automated comments understand the financial parameters, in particular the price, volume, participants and trend of this market, as well as comments from technical and / or graphical analyzes. These technical and / or graphical analyzes are established, by means of mathematical models, from statistics relating to market fluctuations. It is specified here that the technical analysis consists in applying mathematical models to the evolution of a course, in order to try to identify and predict the future direction of the market. The purpose of graphical analysis is to define and predict the future direction of the market, based on graphical figures formed by stock quotes (for example: curves). Document WO 96 41478 A, in the name of TV GUIDE ON SCREEN, describes a system making it possible to bring to the attention of a viewer information concerning the program which he is currently watching (a sports program for example) in at the same time as the sporting event is broadcast. This document does not concern a system making it possible to follow the financial markets of the auction type or of the electronic type. The means described in this document are not designed to process information from emission sources with a view to automatically editing, from statistics relating to market fluctuations, audio and / or visual comments, in particular under the form of technical and / or graphical analyzes. In the case of document WO 96 41478 A, the information originating from the emission sources is only formatted in order to facilitate its presentation on the television screen.
Le document WO 92 12448 A, au nom de TEKNEKRON SOFTWARE SYSTEMS INC, concerne un dispositif et une méthode pour présenter, sur un écran, des données variables avec le temps. Il décrit de quelle façon on peut formater des données variables pour en faciliter la lecture. Les données ne sont pas traitées avant présentation afin d'éditer un commentaire au sens de la présente invention.The document WO 92 12448 A, in the name of TEKNEKRON SOFTWARE SYSTEMS INC, relates to a device and a method for presenting, on a screen, variable data with time. It describes how variable data can be formatted to make it easier to read. The data are not processed before presentation in order to edit a comment within the meaning of the present invention.
Le document US 5 038 284 A, au nom de KRAMER ROBERT M, concerne un système de transaction. De tels systèmes permettent de réaliser un marché boursier électronique, en automatisant les opérations de contrôle des cotations. Ils ne sont pas conçus, contrairement au système selon l'invention, pour aider les opérateurs sur marchés financiers à prendre des décisions d'intervention en fonction de leur ligne d'action. Ce document n'enseigne pas et ne suggère pas davantage la combinaison des moyens selon l'invention permettant d'éditer des commentaires et de les porter en temps réel et de manière ergonomique à la connaissance des opérateurs sur marchés financiers.Document US 5,038,284 A, in the name of KRAMER ROBERT M, relates to a transaction system. Such systems make it possible to carry out an electronic stock market, by automating the operations of controlling quotes. Unlike the system according to the invention, they are not designed to help operators on the financial markets to take intervention decisions according to their line of action. This document does not teach or suggest the combination of the means according to the invention for editing comments and bringing them in real time and ergonomically to the knowledge of operators on the financial markets.
Le système selon l'invention comprend des moyens d'émission agencés pour émettre en temps réel lesdits paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché ainsi que, dans le cas des marchés à la criée, des commentaires à la criée établis par des analystes financiers.The system according to the invention comprises emission means arranged to transmit said financial parameters in real time, in particular the price, volume, participants and trend of this market as well as, in the case of auction markets, outcry comments prepared by financial analysts.
Ces commentaires à la criée sont établis en temps réel par des experts qui observent et interprètent les interventions des opérateurs dans les salles des marchés. Ils sont en mesure d'identifier l'origine des interventions, leur volume, leur fréquence, leur tendance, etc. Lesdits moyens d'émission sont situés dans les lieux où s'opèrent des transactions financières et/ou dans les lieux où sont établis lesdits commentaires à la criée.These comments at the auction are established in real time by experts who observe and interpret the operators' interventions in the trading rooms. They are able to identify the origin of the interventions, their volume, frequency, trend, etc. Said means of emission are located in the places where financial transactions take place and / or in the places where said comments are made at the auction.
Le système selon l'invention comprend en outre des moyens de communication agencés pour transférer à distance lesdits paramètres financiers et lesdits commentaires à la criée émis par lesdits moyens d'émission. Pour traiter le cas des marchés électroniques qui sont les plus nombreux, le système selon l'invention comprend également des moyens d'édition pour éditer en temps réel, de manière automatisée, des commentaires automatisés. Les commentaires automatisés comprennent les paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché, ainsi que des commentaires d'analyses techniques et/ou graphiques. Ces commentaires automatisés sont édités à partir des statistiques relatives aux fluctuations des marchés. Lesdits moyens d'édition comportent en outre des moyens de transmission pour transmettre lesdits commentaires automatisés vers les opérateurs sur marchés financiers, notamment, via lesdits moyens de communication. Le système selon l'invention comprend en outre des moyens de réception multimédia, interconnectés aux moyens de communication. Ces moyens de réception multimédia sont agencés pour porter à la connaissance des opérateurs sur marchés financiers, sous forme audiovisuelle, lesdits paramètres financiers émis par lesdits moyens d'émission ainsi que lesdits commentaires automatisés et/ou lesdits commentaires à la criée établis par les analystes financiers. Les dits moyens de réception multimédia comprennent des moyens de traitement d'information permettant à l'opérateur sur marchés financiers : de visualiser la liste des marchés en activité, de sélectionner, parmi cette liste, le marché qui le concerne, - d'écouter et/ou de visualiser lesdits commentaires à la criée des analystes financiers et/ou lesdits commentaires automatisés, relatifs au marché sélectionné. Grâce à cette combinaison de moyens, l'opérateur sur marchés financiers peut, tout en suivant l'évolution des cours, écouter les commentaires à la criée des analystes financiers et/ou les commentaires automatisés. Ainsi, l'opérateur sur marchés financiers peut compléter, en temps réel, son information de la physionomie du marché, par une écoute d'analyses techniques et/ou graphiques replaçant les fluctuations du marché dans une analyse prévisionnelle plus précise de celui-ci. De préférence, dans le cas des marchés électroniques, selon une première variante de réalisation, le système selon l'invention est tel que lesdits moyens d'édition pour éditer en temps réel, de manière automatisée, à partir des statistiques relatives aux fluctuations des marchés, des commentaires automatisés, sont localisés dans un centre serveur. Ainsi, dans le cas où le centre serveur dispose des statistiques relatives aux fluctuations des marchés, les opérateurs sur marchés financiers reçoivent, via ledit centre serveur, lesdits commentaires automatisés. Ces commentaires automatisés comprennent les paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché, ainsi que des commentaires d'analyses techniques et/ou graphiques. De préférence, dans le cas des marchés électroniques, selon une deuxième variante de réalisation, le système selon l'invention est tel que lesdits moyens d'édition pour éditer en temps réel, de manière automatisée, à partir des statistiques relatives aux fluctuations des marchés, des commentaires automatisés, sont localisés dans les moyens de réception multimédia. Ainsi, dans le cas où les moyens de réception multimédia disposent des statistiques relatives aux fluctuations des marchés, les opérateurs sur marchés financiers ont directement accès audits commentaires automatisés. Ces commentaires automatisés comprennent les paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché, ainsi que des commentaires d'analyses techniques et/ou graphiques.The system according to the invention further comprises means of communication arranged for remotely transferring said financial parameters and said outcry comments sent by said transmission means. To deal with the case of the most numerous electronic markets, the system according to the invention also comprises editing means for editing automated comments in real time. The automated comments include the financial parameters, in particular the price, the volume, the participants and the trend of this market, as well as comments from technical and / or graphical analyzes. These automated comments are edited from statistics relating to market fluctuations. Said editing means further comprise transmission means for transmitting said automated comments to operators on the financial markets, in particular, via said means of communication. The system according to the invention further comprises reception means multimedia, interconnected to the means of communication. These multimedia reception means are arranged to bring to the knowledge of operators on the financial markets, in audiovisual form, said financial parameters emitted by said emission means as well as said automated comments and / or said outcry comments established by financial analysts. . Said multimedia reception means include information processing means enabling the operator on financial markets: to view the list of active markets, to select, from this list, the market which concerns him, - to listen and / or view said comments at the auction of financial analysts and / or said automated comments, relating to the selected market. Thanks to this combination of means, the operator on the financial markets can, while following price trends, listen to the comments of the financial analysts at auction and / or the automated comments. Thus, the operator on the financial markets can complete, in real time, their information on the physiognomy of the market, by listening to technical and / or graphical analyzes replacing the fluctuations of the market in a more precise forecast analysis of it. Preferably, in the case of electronic markets, according to a first alternative embodiment, the system according to the invention is such that said editing means for editing in real time, in an automated manner, from statistics relating to market fluctuations , automated comments, are located in a host center. Thus, in the case where the server center has statistics relating to market fluctuations, operators on financial markets receive, via said server center, said automated comments. These automated comments include the financial parameters, in particular the price, volume, participants and trend of this market, as well as comments from technical and / or graphical analyzes. Preferably, in the case of electronic markets, according to a second variant embodiment, the system according to the invention is such that said editing means for editing in real time, in an automated manner, from statistics relating to market fluctuations, automated comments, are located in the multimedia reception means . Thus, in the case where the multimedia reception means have statistics relating to market fluctuations, operators on the financial markets have direct access to these automated comments. These automated comments include the financial parameters, in particular the price, volume, participants and trend of this market, as well as comments from technical and / or graphical analyzes.
De préférence, dans le cas d'une variante de réalisation plus particulièrement adaptée pour les marchés électroniques, le système permettant à des opérateurs sur marchés financiers de suivre les paramètres financiers d'un marché boursier, présente les caractéristiques suivantes. Ledit système comprend des moyens d'émission agencés pour émettre en temps réel lesdits paramètres financiers, notamment le cours, le volume, les intervenants, la tendance de ce marché et/ou les statistiques relatives aux fluctuations des marchés. Ledit système comprend en outre des moyens de communication agencés pour transférer à distance lesdits paramètres financiers émis par lesdits moyens d'émission. Ledit système comprend également des moyens de réception multimédia interconnectés aux moyens de communication. Lesdits moyens de réception comprennent des moyens d'édition pour éditer en temps réel, de manière automatisée, à partir desdits paramètres financiers, des commentaires automatisés. Lesdits moyens de réception comprennent en outre des moyens de traitement d'information permettant à l'opérateur sur marchés financiers: de visualiser la liste des marchés en activité, de sélectionner, parmi cette liste, le marché qui le concerne, d'écouter et/ou de visualiser en temps réel, lesdits commentaires automatisés relatifs au marché sélectionné. Ainsi, les opérateurs sur marchés financiers disposent de commentaires automatisés concernant les paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché. Ils disposent également de commentaires automatisés concernant les analyses techniques et/ou graphiques.Preferably, in the case of an alternative embodiment more particularly suitable for electronic markets, the system allowing operators on financial markets to follow the financial parameters of a stock market has the following characteristics. Said system comprises emission means arranged to transmit in real time said financial parameters, in particular the price, the volume, the participants, the trend of this market and / or the statistics relating to market fluctuations. Said system further comprises communication means arranged to remotely transfer said financial parameters transmitted by said transmission means. The system also includes multimedia reception means interconnected with the communication means. Said receiving means comprise editing means for automatically editing, in real time, from said financial parameters, automated comments. Said reception means further comprise means for processing information allowing the operator on financial markets: to view the list of active markets, to select from this list the market which concerns him, to listen and / or view in real time, said automated comments relating to the selected market. Thus, operators on the financial markets have comments automated concerning the financial parameters, in particular the price, the volume, the participants and the trend of this market. They also have automated comments regarding technical and / or graphical analyzes.
Avantageusement lesdits moyens d'édition comprennent des moyens de calcul générant des codes représentatifs des commentaires automatisés y compris des fluctuations des marchés. Lesdits codes sont décodés par lesdits moyens de réception, après réception par ceux-ci, et transformés en clair en une séquence vocale et/ou visuelle et/ou tactile.Advantageously, said editing means comprise calculation means generating codes representative of the automated comments including market fluctuations. Said codes are decoded by said reception means, after reception by them, and transformed into clear in a vocal and / or visual and / or tactile sequence.
De préférence le système selon l'invention est tel que lesdits moyens de traitement de l'information comportent en outre des moyens d'alerte. Ces moyens d'alerte permettent de définir des seuils d'alerte spécifiques à chaque marché et d'alerter l'opérateur sur marchés financiers lorsque les seuils d'alerte sont franchis notamment en lui faisant entendre lesdits commentaires des analystes financiers et/ou lesdits commentaires automatisés. L'invention concerne également un dispositif de réception audiovisuel permettant de mettre en oeuvre le système ci-dessus décrit. Ce dispositif de réception audiovisuel comprend des moyens de traitement d'information permettant à l'opérateur sur marchés financiers : de visualiser la liste des marchés en activité, - de sélectionner parmi cette liste, le marché qui le concerne, d'écouter et/ou de visualiser des commentaires audio et/ou visuels émis en temps réel, relatifs au marché sélectionné.Preferably, the system according to the invention is such that said information processing means also comprise alert means. These alert means make it possible to define alert thresholds specific to each market and to alert the operator on the financial markets when the alert thresholds are crossed, in particular by making him hear said comments from financial analysts and / or said comments. automated. The invention also relates to an audiovisual reception device making it possible to implement the system described above. This audiovisual reception device includes information processing means allowing the operator on financial markets: to view the list of active markets, - to select from this list, the market which concerns him, to listen and / or view audio and / or visual comments made in real time, relating to the selected market.
Dans le cas des marchés à la criée, lesdits commentaires sont élaborés par des analystes financiers. Ils sont émis par des moyens d'émission situés dans les lieux où s'opèrent des transactions financières puis transmis, via des moyens de communication, au dispositif de réception audiovisuel.In the case of auction markets, these comments are prepared by financial analysts. They are issued by transmission means located in places where financial transactions take place and then transmitted, via communication means, to the audiovisual reception device.
Dans le cas des marchés électroniques, lesdits commentaires sont édités de manière automatisée, en temps réel, par des moyens d'édition. Ils sont édités à partir des statistiques relatives aux fluctuations des marchés. Les commentaires automatisés. Lesdits commentaires automatisés comprennent les paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché, ainsi que des commentaires d'analyses techniques et/ou graphiques. Lesdits moyens d'édition comportent en outre des moyens de transmission pour transmettre lesdits commentaires automatisé, vers les opérateurs financiers notamment, via des moyens de communication, aux moyens de traitement de l'information du dispositif de réception audiovisuel. L'opérateur sur marchés financiers dispose ainsi en temps réel d'un commentaire vocal, réalisé de manière automatique.In the case of electronic markets, said comments are edited automatically, in real time, by editing means. They are published from statistics relating to market fluctuations. Automated comments. Said automated comments include the parameters financial, including the price, volume, participants and the trend of this market, as well as comments from technical and / or graphical analyzes. Said editing means also comprise transmission means for transmitting said automated comments, in particular to financial operators, via communication means, to the information processing means of the audiovisual reception device. The operator on the financial markets thus has an automatic voice commentary in real time.
De préférence selon une variante de réalisation, le dispositif selon l'invention comprend en outre lesdits moyens d'édition permettant d'éditer lesdits commentaires automatisés.Preferably according to an alternative embodiment, the device according to the invention further comprises said editing means making it possible to edit said automated comments.
De préférence, dans le cas d'une variante de réalisation plus particulièrement adaptée pour les marchés électroniques, le dispositif de réception audiovisuel permettant à des opérateurs sur marchés financiers de suivre les paramètres financiers d'un marché boursier; présente les caractéristiques suivantes. Le dispositif est agencé pour recevoir, via des moyens de communications, lesdits paramètres financiers notamment le cours, le volume, les intervenants, la tendance de ce marché et/ou les statistiques relatives aux fluctuations des marchés. Ledit dispositif de réception audiovisuel comprend des moyens d'édition pour éditer en temps réel, de manière automatisée, à partir desdits paramètres financiers, des commentaires automatisés. Lesdits moyens de réception comprennent en outre des moyens de traitement d'information permettant à l'opérateur sur marchés financiers: de visualiser la liste des marchés en activité, - de sélectionner, parmi cette liste, le marché qui le concerne, d'écouter et/ou de visualiser, en temps réel, lesdits commentaires automatisés, audio et/ou visuels, relatifs au marché sélectionné.Preferably, in the case of an alternative embodiment more particularly suitable for electronic markets, the audiovisual reception device allowing operators on financial markets to monitor the financial parameters of a stock market; has the following characteristics. The device is designed to receive, via means of communication, said financial parameters, in particular the price, volume, participants, the trend of this market and / or statistics relating to market fluctuations. Said audiovisual reception device comprises editing means for automatically editing, in real time, from said financial parameters, automated comments. Said reception means further comprise means for processing information allowing the operator on financial markets: to view the list of active markets, - to select, from this list, the market which concerns him, to listen and / or view, in real time, said automated comments, audio and / or visual, relating to the selected market.
Ainsi, les opérateurs sur marchés financiers disposent de commentaires automatisés concernant les paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché. Ils disposent également de commentaires automatisés concernant les analyses techniques et/ou graphiques.Thus, operators on the financial markets have automated comments regarding the financial parameters, in particular the price, volume, participants and trend of this market. They also have automated comments regarding technical and / or graphical analyzes.
Avantageusement, le dispositif selon l'invention est tel qu'il comprend en outre des moyens de décodage pour transformer en clair, en une séquence vocale et/ou visuelle et/ou tactile, des codes représentatifs des fluctuations des marchés et des commentaires automatisés. Lesdits codes sont générés par des moyens de calcul associés audits moyens d'édition.Advantageously, the device according to the invention is such that it further comprises decoding means for transforming into clear, into a vocal and / or visual and / or tactile sequence, codes representative of market fluctuations and automated comments. Said codes are generated by calculation means associated with said editing means.
De préférence, le dispositif de réception audiovisuel est tel que lesdits moyens de traitement de l'information comportent en outre des moyens d'alerte pour définir des seuils d'alerte spécifiques à chaque marché et pour alerter l'opérateur sur marchés financiers lorsque les seuils d'alerte sont franchis notamment en lui faisant entendre lesdits commentaires des analystes financiers et/ou lesdits commentaires automatisés. Ainsi l'opérateur sur marchés financiers peut prédéterminer lui-même, en fonction de critères de son choix ou en fonction de critères qui lui sont proposés, les seuils à partir desquels il souhaite suivre en direct les marchés concernés. Ce système d'alerte lui offre la possibilité de se consacrer aux seuls marchés qui méritent toute son attention.Preferably, the audiovisual reception device is such that said information processing means also comprise alert means for defining alert thresholds specific to each market and for alerting the operator on financial markets when the thresholds alert are crossed in particular by making him hear said comments from financial analysts and / or said automated comments. Thus the operator on the financial markets can predetermine himself, according to criteria of his choice or according to criteria which are proposed to him, the thresholds from which he wishes to follow the markets concerned directly. This alert system offers him the opportunity to focus on the only markets that deserve his full attention.
On va maintenant décrire des formes de réalisation de l'invention, non-limitatives, en se référant aux figures qui représentent : Figure 1 : une vue d'ensemble du système, - Figure 2 : l'écran de contrôle du dispositif de réception audio visuel,We will now describe non-limiting embodiments of the invention, with reference to the figures which represent: Figure 1: an overall view of the system, - Figure 2: the control screen of the audio reception device visual,
Figure 3 : l'écran de contrôle du dispositif de réception audiovisuel lorsque celui-ci est en position audio,Figure 3: the control screen of the audiovisual reception device when it is in the audio position,
Figure 4 : l'écran de contrôle du dispositif de réception audiovisuel lorsque celui-ci n'est plus en position audio.Figure 4: the control screen of the audiovisual reception device when it is no longer in the audio position.
La figure 1 représente une vue d'ensemble du système. Les moyens d'émission 1 comprennent des microphones la dans l'exemple décrit. Les moyens d'émission 1 sont dans le cas de cette variante de réalisation situés dans les lieux où s'opèrent les transactions financières. Ils permettent à un analyste financier lb d'émettre en temps réel le cours d'un marché ainsi que des commentaires anticipant les évolutions de chaque marché et indiquant notamment les volumes, les intervenants et la tendance de ce marché. Les moyens d'émission 1 pourraient être situés, au moins pour partie, là où les analystes financiers établissent les commentaires à la criée. Les moyens de communication 2a, 2b, 2c, 3a, 3b, 3c sont adaptés pour transférer à distance les informations émises par les moyens d'émission 1. Ils forment une chaîne composée des éléments ci-après décrits. Dix-huit canaux 2a, interconnectés aux moyens d'émission 1, transportent les signaux audio vers un concentrateur 2b, localisé à Londres dans la forme de réalisation décrite. Ce concentrateur comprime les signaux audio au moyen de processeurs de signaux numériques (DSP) puis les multiplexe 2c. Un canal de données 2d est également multiplexe afin d'envoyer simultanément des informations et des commentaires sur les marchés concernés. Pour traiter le cas des marchés électroniques qui sont les plus nombreux, il est prévu des moyens d'édition pour éditer en temps réel, de manière automatisée, des commentaires automatisés. Les commentaires automatisés comprennent les paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché, ainsi que des commentaires d'analyses techniques et/ou graphiques. Ces analyses techniques et/ou graphiques sont établies, automatiquement, en temps réel, de manière connue en soi, par des moyens d'édition 5 au moyen de modèles mathématiques, à partir des statistiques relatives aux fluctuations des marchés. Il est rappelé que l'analyse technique consiste à appliquer des modèles mathématiques à l'évolution d'un cours, afin d'essayer d'identifier et de prévoir le sens futur du marché. L'analyse graphique a pour objet de définir et de prévoir le sens futur du marché, à partir des figures graphiques que forment les cotations boursières (par exemple : des courbes). Les moyens d'édition 5 comprennent des moyens de calcul qui génèrent des codes sur la base des fluctuations des cotations du marché. Ainsi par exemple, si le cours passe de 100 à 101 puis à 102, les moyens de calcul vont en déduire les codes correspondant à cette fluctuation, par exemple les codes M32 et A5. Ce sont ces codes représentatifs des commentaires automatisés qui sont transmis, par les moyens de transmission des moyens d'édition 5, vers les opérateurs sur marchés financiers 4, notamment, via lesdits moyens de communication 2e, 3a, 3b, 3c.Figure 1 shows an overview of the system. The transmission means 1 comprise microphones 1a in the example described. The transmission means 1 are in the case of this alternative embodiment located in the places where the financial transactions take place. They allow a financial analyst lb to transmit in real time the price of a market as well as comments anticipating developments in each market and indicating in particular the volumes, participants and the trend of this market. The transmission means 1 could be located, at least in part, where the financial analysts draw up the comments at the auction. The communication means 2a, 2b, 2c, 3a, 3b, 3c are adapted to remotely transfer the information transmitted by the transmission means 1. They form a chain composed of the elements described below. Eighteen channels 2a, interconnected with the transmission means 1, transport the audio signals to a concentrator 2b, located in London in the embodiment described. This concentrator compresses audio signals using digital signal processors (DSP) and then multiplexes 2c. A 2d data channel is also multiplexed in order to simultaneously send information and comments on the markets concerned. To deal with the case of the most numerous electronic markets, editing means are provided to edit automated comments in real time. The automated comments include the financial parameters, in particular the price, the volume, the participants and the trend of this market, as well as comments from technical and / or graphical analyzes. These technical and / or graphical analyzes are established, automatically, in real time, in a manner known per se, by editing means 5 by means of mathematical models, from statistics relating to market fluctuations. It is recalled that technical analysis consists in applying mathematical models to the evolution of a course, in order to try to identify and predict the future direction of the market. The purpose of graphical analysis is to define and predict the future direction of the market, based on graphical figures formed by stock quotes (for example: curves). The editing means 5 comprise calculation means which generate codes on the basis of the fluctuations in the market quotes. For example, if the price goes from 100 to 101 and then to 102, the calculation means will deduce the codes corresponding to this fluctuation, for example the codes M32 and A5. It is these codes representative of the automated comments that are transmitted by the means of transmission of the publishing means 5, to the operators on the financial markets 4, in particular, via the said communication means 2e, 3a, 3b, 3c.
Les informations, les commentaires et les signaux audio ainsi comprimés et multiplexes sont convertis en un flux asynchrone à 115 200 bps sortant par un port série RS232/422, 2e. Ce flux est ensuite transmis via une liaison hertzienneThe information, comments and audio signals thus compressed and multiplexed are converted into an asynchronous stream at 115,200 bps leaving via a serial port RS232 / 422, 2e. This stream is then transmitted via a radio link
3a, un satellite 3b et des antennes paraboliques 3c vers les terminaux multimédia 4 des opérateurs sur marchés financiers.3a, a satellite 3b and satellite dishes 3c to the multimedia terminals 4 of operators on the financial markets.
Les terminaux de réception multimédia 4 démultiplexent les informations entrantes et recréent le canal de données (informations, commentaires) et les dix-huit canaux audio. Les terminaux de réception multimédia 4 comprennent des moyens de traitement d'information, se présentant notamment sous la forme d'un logiciel. Ces moyens de traitement d'information permettent à l'opérateur sur marchés financiers de visualiser sur un écran 4a la liste des marchés en activité. Celui-ci peut alors sélectionner parmi cette liste le marché qui le concerne, en actionnant le boîtier de commande 4b et en activant l'icône correspondante. Il peut alors écouter, au moyen du haut parleur 4c du terminal, les informations et les commentaires relatifs au marché sélectionné, émis en temps réel. Ces commentaires lui indiquent notamment les volumes, les intervenants et la tendance de ce marché. Ainsi par exemple, les moyens de traitement décodent les codes M32 et A5 provenant des moyens d'éditions 5. L'opérateur sur marchés financiers entend alors dans le haut-parleur 4c du terminal de réception multimédia 4 la phrase suivante, correspondant à ces codes : "Le marché du CAC 40 vient de progresser de 100 à 102 et techniquement le marché devient suracheté." Grâce à cette combinaison de moyens, l'opérateur sur marchés financiers peut, tout en suivant l'évolution des cours sur l'écran de visualisation 4a, écouter 4c les commentaires des analystes financiers et/ou les commentaires vocaux automatisés fournis par les moyens d'édition 5.The multimedia reception terminals 4 demultiplex the incoming information and recreate the data channel (information, comments) and the eighteen audio channels. The multimedia reception terminals 4 include information processing means, in particular in the form of software. These information processing means allow the operator on the financial markets to view the list of active markets on a screen 4a. The latter can then select the market which concerns him from this list, by actuating the control unit 4b and activating the corresponding icon. He can then listen, using the terminal's speaker 4c, to information and comments relating to the selected market, sent in real time. These comments indicate to him in particular the volumes, the participants and the trend of this market. Thus, for example, the processing means decode the codes M32 and A5 coming from the editing means 5. The operator on the financial markets then hears the following sentence in the loudspeaker 4c of the multimedia reception terminal 4, corresponding to these codes : "The CAC 40 market has just grown from 100 to 102 and technically the market is becoming overbought." Thanks to this combination of means, the operator on the financial markets can, while monitoring price trends on the display screen 4a, listen to 4c the comments of financial analysts and / or the automated voice comments provided by the means of 'edition 5.
On va maintenant en se référant à la figure 2, décrire l'écran de contrôle 20 du terminal de l'opérateur sur marchés financiers. A la partie inférieure 21 de l'écran de contrôle 20 apparaissent les icônes 21a des lieux où s'opèrent des transactions financières et pour lesquelles le système selon l'invention permet d'obtenir des commentaires audio (Bunds, Notionnel 10%, CBT, Pibor, London Métal, Long Gilt, (marques déposées), etc.). En sélectionnant l'une ou l'autre de ces icônes au moyen du boîtier de commande 4b l'opérateur sur marchés financiers peut activer les moyens de traitement et obtenir au moyen du haut parleur 4c les informations relatives aux marchés ainsi sélectionnés.Referring now to FIG. 2, we will describe the control screen 20 of the operator's terminal on the financial markets. At the lower part 21 of the control screen 20 appear the icons 21a of the places where the financial transactions and for which the system according to the invention makes it possible to obtain audio comments (Bunds, Notional 10%, CBT, Pibor, London Metal, Long Gilt, (registered trademarks), etc.). By selecting one or the other of these icons by means of the control box 4b, the operator on the financial markets can activate the processing means and obtain, by means of the loudspeaker 4c, information relating to the markets thus selected.
Une barre intermédiaire 22 contient les icônes suivants : l'icône 22a de contrôle du volume du son émis par le haut parleur, l'icône 22b "Info" dont on verra ci-après le rôle lors de la description des figures 3 et 4, l'icône 22c de contrôle de la liste des lieux où s'opèrent des transactions financières, l'icône 22d permettant de couper le son, l'icône 22e permettant d'arrêter les moyens de traitement de l'information, l'icône 22f permettant de choisir la configuration du traitement de l'information. En sélectionnant ces icônes et en les activant, l'opérateur sur marchés financiers peut contrôler le fonctionnement des moyens de traitement. La barre intermédiaire 22 contient également un écran 22g permettant de visualiser l'état du flux d'information.An intermediate bar 22 contains the following icons: the icon 22a for controlling the volume of the sound emitted by the loudspeaker, the icon 22b "Info", the role of which will be seen below when describing FIGS. 3 and 4, the icon 22c for controlling the list of places where financial transactions take place, the icon 22d for muting the sound, the icon 22e for stopping the information processing means, the icon 22f allowing to choose the configuration of information processing. By selecting these icons and activating them, the operator on the financial markets can control the operation of the processing means. The intermediate bar 22 also contains a screen 22g making it possible to view the state of the information flow.
La partie supérieure 23 de l'écran de contrôle 20 comporte des zones permettant de visualiser : (i) le marché 23a sélectionné par l'opérateur sur marchés financiers, (ii) si le marché est en activité et son heure d'ouverture 23b, (iii) l'émetteur des commentaires 23c, (iv) l'heure 23d, (v) le site géographique du marché sélectionné 23e, (vi) le jour 23f et l'heure 23 g.The upper part 23 of the control screen 20 includes zones making it possible to display: (i) the market 23a selected by the operator on the financial markets, (ii) if the market is active and its opening time 23b, (iii) the commenter 23c, (iv) the time 23d, (v) the geographic site of the selected market 23rd, (vi) the day 23f and the time 23g.
On va maintenant, en se référant aux figures 3 et 4, décrire deux états de fonctionnement des moyens de traitement de l'information. La figure 3 concerne le cas où un canal audio a été activé et où l'opérateur sur marchés financiers écoute les informations délivrées par le haut parleur 4c. Dans ce cas, en activant l'icôneWe will now, referring to FIGS. 3 and 4, describe two operating states of the information processing means. FIG. 3 relates to the case where an audio channel has been activated and where the operator on the financial markets listens to the information delivered by the loudspeaker 4c. In this case, by activating the icon
"Info" 22b, l'opérateur sur marchés financiers fait apparaître, sur la partie inférieure 21 de l'écran de contrôle 20, des informations techniques concernant le marché. La figure 4 concerne le cas où aucun canal audio n'a été activé. Dans ce cas, en activant l'icône "Info" 22b l'opérateur sur marchés financiers fait apparaître sur la partie inférieure 21 de l'écran de contrôle 20 des informations générales concernant le marché. Ainsi par exemple, il peut recevoir un message l'informant qu'en sélectionnant le canal 8 "Pitvox" (figure 2) il obtiendra les analyses techniques et graphiques, au sens ci-dessus défini ainsi que les commentaires automatisés. Dans le cas de la variante de réalisation décrite en se référant aux figures 1 à"Info" 22b, the operator on the financial markets displays, on the lower part 21 of the control screen 20, technical information concerning the market. FIG. 4 relates to the case where no audio channel has been activated. In this case, by activating the "Info" icon 22b, the financial market operator displays information on the lower part 21 of the control screen 20 general information about the market. Thus, for example, it can receive a message informing it that by selecting channel 8 "Pitvox" (Figure 2) it will obtain the technical and graphical analyzes, in the sense defined above as well as the automated comments. In the case of the variant embodiment described with reference to FIGS. 1 to
4 les moyens d'édition 5 sont situés dans un serveur localisé à Londres. Les informations provenant des marchés financiers convergent vers ce serveur puis, après traitement, sont diffusées vers les consoles des opérateurs sur marchés financiers. Sans sortir du cadre de la présente invention, il est également concevable de localiser lesdits moyens d'édition dans le dispositif de réception multimédia, notamment sous la forme d'un logiciel. En effet, lorsque les moyens de réception multimédia disposent des statistiques relatives aux fluctuations des marchés, les moyens d'édition 5 pour éditer en temps réel, de manière automatisée, à partir desdites statistiques des commentaires automatisés, peuvent être localisés dans lesdits moyens de réception multimédia. 4 the editing means 5 are located in a server located in London. Information from the financial markets converges on this server then, after processing, is disseminated to the consoles of operators on the financial markets. Without departing from the scope of the present invention, it is also conceivable to locate said editing means in the multimedia reception device, in particular in the form of software. In fact, when the multimedia reception means have statistics relating to market fluctuations, the editing means 5 for automatically editing in real time, from said statistics, automated comments, can be located in said reception means multimedia.

Claims

REVENDICATIONS
1. Système permettant à des opérateurs sur marchés financiers de suivre les paramètres financiers d'un marché boursier ; le dit système étant caractérisé en ce qu'il comprend : - des moyens d'émission (1, la) agencés pour émettre en temps réel lesdits paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché ainsi que, dans le cas des marchés à la criée, des commentaires à la criée établis par des analystes financiers (lb), lesdits moyens d'émission (1) étant situés dans les lieux où s'opèrent des transactions financières et/ou dans les lieux où sont établis lesdits commentaires à la criée, des moyens de communication (2a, 2b, 2c, 2d, 2e, 3a, 3b, 3c) agencés pour transférer à distance lesdits paramètres financiers et lesdits commentaires à la criée émis par lesdits moyens d'émission1. System allowing operators on financial markets to follow the financial parameters of a stock market; said system being characterized in that it comprises: - transmission means (1, la) arranged to transmit in real time said financial parameters, in particular the price, the volume, the participants and the trend of this market as well as , in the case of auction markets, comments by auction established by financial analysts (lb), said means of emission (1) being located in the places where financial transactions take place and / or in the places where said comments at the auction are established, means of communication (2a, 2b, 2c, 2d, 2e, 3a, 3b, 3c) arranged to remotely transfer said financial parameters and said comments at auction issued by said means program
(1, la), des moyens d'édition (5) pour éditer en temps réel, de manière automatisée, dans le cas des marchés électroniques, à partir des statistiques relatives aux fluctuations des marchés, des commentaires automatisés lesdits commentaires automatisés comprenant les paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché, ainsi que des commentaires d'analyses techniques et/ou graphiques ; lesdits moyens d'édition comportant en outre des moyens de transmission pour transmettre lesdits commentaires automatisés vers les opérateurs sur marchés financiers, notamment via lesdits moyens de communication (2c, 2d, 2e, 3a, 3b, 3c), des moyens de réception multimédia (4), interconnectés aux moyens de communication, agencés pour porter à la connaissance des opérateurs sur marchés financiers, sous forme audiovisuelle, lesdits commentaires automatisés et/ou lesdits paramètres financiers émis par lesdits moyens d'émission ainsi que lesdits commentaires à la criée établis par les analystes financiers, lesdits moyens de réception (4) comprenant des moyens de traitement d'information permettant à l'opérateur sur marchés financiers:(1, la), editing means (5) for automatically editing, in real time, in the case of electronic markets, from statistics relating to market fluctuations, automated comments, said automated comments comprising the parameters financial, in particular the price, volume, participants and trend of this market, as well as comments from technical and / or graphical analyzes; said editing means further comprising transmission means for transmitting said automated comments to operators on financial markets, in particular via said communication means (2c, 2d, 2e, 3a, 3b, 3c), multimedia reception means ( 4), interconnected with the means of communication, arranged to bring to the attention of operators on the financial markets, in audiovisual form, said automated comments and / or said financial parameters emitted by said sending means as well as said outcry comments established by financial analysts, said receiving means (4) comprising means for processing information allowing the operator to financial markets:
* de visualiser (4a) la liste des marchés en activité,* view (4a) the list of active markets,
* de sélectionner (4b), parmi cette liste, le marché qui le concerne, * d'écouter et/ou de visualiser (4a, 4c) lesdits commentaires à la criée des analystes financiers et/ou lesdits commentaires automatisés, audio et/ou visuels émis, en temps réel, relatifs au marché sélectionné ;* to select (4b), from this list, the market which concerns it, * to listen and / or view (4a, 4c) said comments at the auction of financial analysts and / or said automated comments, audio and / or visuals produced, in real time, relating to the selected market;
2. Système selon la revendication 1 tel que : - lesdits moyens d'édition (5) pour éditer en temps réel, de manière automatisée, dans le cas des marchés électroniques, à partir des statistiques relatives aux fluctuations des marchés, des commentaires automatisés sont localisés dans un centre serveur, (de sorte que, dans le cas où le centre serveur dispose des statistiques relatives aux fluctuations des marchés, les opérateurs sur marchés financiers reçoivent, via ledit centre serveur, lesdits commentaires automatisés comprenant les paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché, ainsi que des commentaires d'analyses techniques et/ou graphiques ). 2. System according to claim 1 such that: - said editing means (5) for editing in real time, in an automated manner, in the case of electronic markets, from statistics relating to market fluctuations, automated comments are located in a server center, (so that, in the case where the server center has statistics relating to market fluctuations, operators on financial markets receive, via said server center, said automated comments including the financial parameters, in particular the price , the volume, the participants and the trend of this market, as well as comments from technical and / or graphic analyzes).
3. Système selon la revendication 1 tel que : lesdits moyens d'édition (5) pour éditer en temps réel, de manière automatisée, dans le cas des marchés électroniques, à partir des statistiques relatives aux fluctuations des marchés, des commentaires automatisés sont localisés dans les moyens de réception multimédia (4), (de sorte que, dans le cas où les moyens de réception multimédia disposent des statistiques relatives aux fluctuations des marchés, les opérateurs sur marchés financiers ont directement accès auxdits commentaires automatisés comprenant les paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché, ainsi que des commentaires d'analyses techniques et/ou graphiques ).3. System according to claim 1 such that: said editing means (5) for editing in real time, in an automated manner, in the case of electronic markets, from statistics relating to market fluctuations, automated comments are located in the multimedia reception means (4), (so that, in the event that the multimedia reception means have statistics relating to market fluctuations, operators on the financial markets have direct access to said automated comments including the financial parameters, in particular the price, volume, participants and market trends, as well as comments from technical and / or graphical analyzes).
4. Système selon l'une quelconque des revendications 1, 2, ou 3 tel que lesdits moyens d'édition (5) comprennent des moyens de calcul générant des codes représentatifs des commentaires automatisés y compris des fluctuations des marchés, lesdits codes étant décodés par lesdits moyens de réception, après réception par ceux-ci, et transformés en clair en une séquence vocale et/ou visuelle et/ou tactile.4. System according to any one of claims 1, 2, or 3 such that said editing means (5) comprise calculation means generating codes representative of the automated comments including market fluctuations, said codes being decoded by said reception means, after reception by them, and transformed into clear in a vocal and / or visual and / or tactile sequence.
5. Système selon l'une quelconque des revendications 1, 2 3 ou 4 caractérisé en ce que lesdits moyens de traitement de l'information comportent en outre des moyens d'alerte :5. System according to any one of claims 1, 2 3 or 4 characterized in that said information processing means also comprise alert means:
* pour définir des seuils d'alerte spécifiques à chaque marché et,* to define alert thresholds specific to each market and,
* pour alerter l'opérateur sur marchés financiers lorsque les seuils d'alerte sont franchis et pour lui faire entendre lesdits commentaires des analystes financiers (lb) et/ou lesdits commentaires automatisés (5) .* to alert the operator on the financial markets when the alert thresholds are crossed and to make him hear said comments from financial analysts (lb) and / or said automated comments (5).
6. Dispositif de réception audiovisuel permettant à des opérateurs sur marchés financiers de suivre les paramètres financiers d'un marché boursier; ledit dispositif de réception audiovisuel (4) comprenant des moyens de traitement d'information permettant à l'opérateur sur marchés financiers:6. Audiovisual reception device allowing operators on financial markets to follow the financial parameters of a stock market; said audiovisual reception device (4) comprising means for processing information allowing the operator on the financial markets:
* de visualiser (4a) la liste des marchés en activité,* view (4a) the list of active markets,
* de sélectionner (4b), parmi cette liste, le marché qui le concerne, * d'écouter et/ou de visualiser (4a, 4c) des commentaires audio et/ou visuels émis en temps réel, relatifs au marché sélectionné ; dans le cas des marchés à la criée, lesdits commentaires à la criée étant élaborés par des analystes financiers et étant émis par des moyens d'émission (1, la) situés dans les lieux où s'opèrent des transactions financières et/ou dans les lieux où sont établis lesdits commentaires à la criée puis transmis, via des moyens de communication (2a, 2b, 2c, 2d, 2e, 3a, 3b, 3c) au dispositif de réception audiovisuel, dans le cas des marchés électroniques, lesdits commentaires étant édités, en temps réel, de manière automatisée, à partir des statistiques relatives aux fluctuations des marchés, par des moyens d'édition (5) ; lesdits commentaires automatisés comprenant les paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché, ainsi que des commentaires d'analyses techniques et/ou graphiques ; lesdits moyens d'édition (5) comportant en outre des moyens de transmission pour transmettre lesdits commentaires automatisés, vers les opérateurs sur marchés financiers notamment, via des moyens de communication (2c, 2d, 2e, 3a, 3b, 3c),aux moyens de traitement de l'information du dispositif de réception audiovisuel.* to select (4b), from this list, the market which concerns it, * to listen and / or view (4a, 4c) comments audio and / or visuals broadcast in real time, relating to the selected market; in the case of auction markets, said auction comments being prepared by financial analysts and being issued by issuing means (1, la) located in places where financial transactions take place and / or in places where said comments are made at the auction and then transmitted, via means of communication (2a, 2b, 2c, 2d, 2e, 3a, 3b, 3c) to the audiovisual reception device, in the case of electronic markets, said comments being edited, in real time, in an automated manner, from statistics relating to market fluctuations, by editing means (5); said automated comments including the financial parameters, in particular the price, volume, participants and trend of this market, as well as comments from technical and / or graphical analyzes; said editing means (5) further comprising transmission means for transmitting said automated comments, in particular to operators on financial markets, via communication means (2c, 2d, 2e, 3a, 3b, 3c), to the means information processing of the audiovisual reception device.
7. Dispositif selon la revendication 6 tel qu'il comprend en outre lesdits moyens d'édition (5) permettant d'éditer lesdits commentaires automatisés.7. Device according to claim 6 as it further comprises said editing means (5) for editing said automated comments.
8. Dispositif selon l'une quelconque des revendications 6 ou 7 tel qu'il comprend en outre des moyens de décodage pour transformer en clair, en une séquence vocale et/ou visuelle et/ou tactile, des codes représentatifs des fluctuations des marchés et des commentaires automatisés ; lesdits codes étant générés par des moyens de calcul associés auxdits moyens d'édition8. Device according to any one of claims 6 or 7 such that it further comprises decoding means for transforming into clear, into a vocal and / or visual and / or tactile sequence, codes representative of market fluctuations and automated comments; said codes being generated by calculation means associated with said editing means
9. Dispositif de réception audiovisuel selon l'une quelconque des revendications 6 à 8 caractérisé en ce que lesdits moyens de traitement de l'information comportent en outre des moyens d'alerte :9. Audiovisual reception device according to any one of claims 6 to 8 characterized in that said information processing means also comprise alert means:
* pour définir des seuils d'alerte spécifiques à chaque marché et, * pour alerter l'opérateur sur marchés financiers lorsque les seuils d'alerte sont franchis et pour lui faire entendre lesdits commentaires des analystes financiers (lb) et/ou lesdits commentaires automatisés (5). * to define alert thresholds specific to each market and, * to alert the operator on the financial markets when the alert thresholds are crossed and to make him hear said comments from financial analysts (lb) and / or said automated comments (5).
10. Système permettant à des opérateurs sur marchés financiers de suivre les paramètres financiers d'un marché boursier ; le dit système étant caractérisé en ce qu'il comprend : des moyens d'émission (1, la) agencés pour émettre en temps réel lesdits paramètres financiers, notamment le cours, le volume, les intervenants, la tendance de ce marché et/ou les statistiques relatives aux fluctuations des marchés des moyens de communication (2a, 2b, 2c, 2d, 2e, 3a, 3b, 3c) agencés pour transférer à distance lesdits paramètres financiers émis par lesdits moyens d'émission (1, la), - des moyens de réception multimédia (4), interconnectés aux moyens de communication ; lesdits moyens de réception (4) comprenant des moyens d'édition (5) pour éditer en temps réel, de manière automatisée, à partir desdits paramètres financiers, des commentaires automatisés ; lesdits moyens de réception (4) comprenant en outre des moyens de traitement d'information permettant à l'opérateur sur marchés financiers:10. System allowing operators on financial markets to follow the financial parameters of a stock market; said system being characterized in that it comprises: emission means (1, la) arranged to transmit in real time said financial parameters, in particular the price, the volume, the participants, the trend of this market and / or statistics relating to the fluctuations in the markets for the means of communication (2a, 2b, 2c, 2d, 2e, 3a, 3b, 3c) arranged to remotely transfer said financial parameters transmitted by said means of transmission (1, la), - multimedia reception means (4), interconnected with the communication means; said receiving means (4) comprising editing means (5) for automatically editing, in real time, from said financial parameters, automated comments; said reception means (4) further comprising information processing means enabling the operator on the financial markets:
* de visualiser (4a) la liste des marchés en activité,* view (4a) the list of active markets,
* de sélectionner (4b), parmi cette liste, le marché qui le concerne, * d'écouter et/ou de visualiser (4a, 4c) en temps réel, lesdits commentaires automatisés relatifs au marché sélectionné ; (de sorte que les opérateurs sur marchés financiers disposent de commentaires automatisés concernant les paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché, ainsi que de commentaires automatisés concernant les analyses techniques et/ou graphiques ) * to select (4b), from this list, the market which concerns it, * to listen and / or view (4a, 4c) in real time, said automated comments relating to the selected market; (so that operators on the financial markets have automated comments concerning the financial parameters, in particular the price, volume, participants and trend of this market, as well as automated comments concerning technical and / or graphical analyzes)
11. Dispositif de réception audiovisuel permettant à des opérateurs sur marchés financiers de suivre les paramètres financiers d'un marché boursier; ledit dispositif de réception audiovisuel (4) étant agencé pour recevoir, via des moyens de communications, lesdits paramètres financiers notamment le cours, le volume, les intervenants, la tendance de ce marché et/ou les statistiques relatives aux fluctuations des marchés ; ledit dispositif de réception audiovisuel (4) comprenant des moyens d'édition (5) pour éditer en temps réel, de manière automatisée, à partir desdits paramètres financiers, des commentaires automatisés ; lesdits moyens de réception (4) comprenant en outre des moyens de traitement d'information permettant à l'opérateur sur marchés financiers:11. Audiovisual reception device allowing operators on financial markets to follow the financial parameters of a stock market; said audiovisual reception device (4) being arranged to receive, via means of communications, said financial parameters in particular the price, volume, participants, the trend of this market and / or statistics relating to market fluctuations; said audiovisual reception device (4) comprising editing means (5) for automatically editing, in real time, from said financial parameters, automated comments; said reception means (4) further comprising information processing means enabling the operator on the financial markets:
* de visualiser (4a) la liste des marchés en activité,* view (4a) the list of active markets,
* de sélectionner (4b), parmi cette liste, le marché qui le concerne, * d'écouter et/ou de visualiser (4a, 4c) en temps réel, lesdits commentaires automatisés, audio et/ou visuels, relatifs au marché sélectionné ; (de sorte que les opérateurs sur marchés financiers disposent de commentaires automatisés concernant les paramètres financiers, notamment le cours, le volume, les intervenants et la tendance de ce marché, ainsi que de commentaires automatisés concernant les analyses techniques et/ou graphiques) * to select (4b), from this list, the market which concerns it, * to listen and / or view (4a, 4c) in real time, said automated comments, audio and / or visual, relating to the selected market; (so that operators on the financial markets have automated comments concerning the financial parameters, in particular the price, volume, participants and trend of this market, as well as automated comments concerning technical and / or graphical analyzes)
PCT/FR1998/001397 1997-06-30 1998-06-30 System for monitoring a stock market financial parameters and device therefor WO1999001983A1 (en)

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FR2765368A1 (en) 1998-12-31
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