WO2000063811A9 - Systeme et procede permettant de fournir des donnees financieres et des donnees de recommandation associees a au moins un instrument financier - Google Patents

Systeme et procede permettant de fournir des donnees financieres et des donnees de recommandation associees a au moins un instrument financier

Info

Publication number
WO2000063811A9
WO2000063811A9 PCT/US2000/010475 US0010475W WO0063811A9 WO 2000063811 A9 WO2000063811 A9 WO 2000063811A9 US 0010475 W US0010475 W US 0010475W WO 0063811 A9 WO0063811 A9 WO 0063811A9
Authority
WO
WIPO (PCT)
Prior art keywords
data
financial
arrangement
user
recommendation
Prior art date
Application number
PCT/US2000/010475
Other languages
English (en)
Other versions
WO2000063811A2 (fr
WO2000063811A8 (fr
Inventor
Eric Shkolnik
Michael Zeltzer
Original Assignee
Integrated Data Consulting Ser
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 Integrated Data Consulting Ser filed Critical Integrated Data Consulting Ser
Priority to AU43613/00A priority Critical patent/AU4361300A/en
Publication of WO2000063811A2 publication Critical patent/WO2000063811A2/fr
Publication of WO2000063811A9 publication Critical patent/WO2000063811A9/fr
Publication of WO2000063811A8 publication Critical patent/WO2000063811A8/fr

Links

Classifications

    • 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

Definitions

  • the present invention relates to a system and method for outputting investment bank recommendation data and financial data which relates to a financial instrument on an output device of a user.
  • Systems for displaying financial information of one or more financial instruments are known. These systems are generally utilized by users to obtain financial and general information about a particular financial instrument (e.g., a stock, a bond, etc.), thus aiding the user to make an informed decision regarding buying, selling, holding, etc. of such particular financial instrument.
  • the financial information provided by such conventional systems may include current and previous price for the financial instrument, split information, etc.
  • the general information may include board members and/or officers information, recent events concerning the company, etc.
  • the users also utilize recommendation information provided by financial institutions (e.g., the investment banks) regarding the financial securities.
  • the financial institution issues rating information for one or more securities.
  • rating may indicate that, e.g., on a specific date, a particular financial institution issued a "Hold" rating for one of the financial instruments that the financial institution was monitoring.
  • the user may rely on this rating information to make a decision regarding the financial instrument on which the "Hold" rating was issued. For example, the user may not buy this financial instrument because he or she was influenced by the rating information issued by the particular financial institution.
  • One of the objects of the present invention is to overcome these deficiencies by providing the user with a way to determine how effective are the recommendations issued by the financial institutions (e.g., how they reflect the financial future of one or more financial instruments).
  • the present invention provides a system and method for displaying analysis data to at least one financial instrument on an output device.
  • the recommendation data and financial data are received by first arrangement of the system.
  • the recommendation data indicates rating information issued by at least one financial institution for the financial instrument, and the financial data indicates value information for the financial instrument.
  • the recommendation data and the financial data are outputted as the analysis data on the output device by a second arrangement of the system.
  • the user would be able to view the performance of one or more financial securities before, during and after the financial institution issues rating information for one or more such financial instruments. At that time, the user may decide whether he or she would rely on the rating of a particular financial institution for buying, selling and/or holding the financial instruments.
  • Fig. la shows an exemplary embodiment of a system according to the present invention.
  • Fig. lb shows an exemplary graph which can be generated using the system illustrated in Fig. la.
  • Fig. lc shows another exemplary embodiment of the system according to the present invention.
  • Fig. 2 shows an exemplary embodiment of a method according to the present invention for receiving and recording investment bank rating data and financial data.
  • Fig. 3 shows another exemplary embodiment of the method according to the present invention, which is executed by an analysis arrangement of the system illustrated in Figs, la and lc.
  • Fig. 4 shows an exemplary embodiment of the method according to the present invention for generating a user profile for a user.
  • Fig. 5 shows an exemplary embodiment of the method according to the present invention for displaying the investment bank rating data and the financial data on a display device of the user.
  • Fig. 6 shows an exemplary embodiment of the method according to the present invention for displaying correlated data which corresponds to the investment bank rating data and the financial data.
  • Fig. 7 shows an exemplary embodiment of the method according to the present invention for monitoring an incoming data stream data and displaying data provided in the data stream to an appropriate user.
  • Fig. 8 shows another exemplary graph generated by the system and method according to the present invention.
  • Fig. la shows an exemplary embodiment of a system 1 according to the present invention.
  • the system 1 includes an analysis arrangement 5 which is connected (e.g., via a wired connection or a wireless connection) to a communications network 30.
  • the analysis arrangement 5 includes a storage device 10, a communications device 15 and a computing device 20.
  • the storage device 10 may be a hard drive, a Read-Only-Memory device ("ROM”), a Read-Access-Memory (“RAM”) device, a laser disk storage device, etc.
  • the communications device 15 may be a network card, a modem, etc.
  • the computing device 20 may be a general purpose microprocessor (e.g., an Intel ® Pentium ® processor) or a special purpose processor.
  • the analysis arrangement 5 utilizes the communications device 15 to connect to the communications network 30.
  • the computing device 20 is connected to the communications device 15 for receiving data from and transfer the data to the communications network 30.
  • various user display devices may be connected to the communications network 30.
  • these user devices may be a personal computer 35, a laptop computer 36, a workstation 37 and/or other communication devices. These user devices communicate with the analysis arrangement 5 via the communications network 30 to receive display data generated by the analysis arrangement 5.
  • the analysis arrangement 5 is adapted to receive various information via the communications network 30. Such information generally includes financial data for financial instruments 40 and investment bank ("IB") analysis rating data 45 for these financial instruments. The analysis arrangement 5 may also receive ratings standard data 48 for each investment bank.
  • IB investment bank
  • the financial data 40 may include stock names and corresponding stock prices.
  • the financial data 40 may also include the financial information on options and other financial instruments.
  • the IB analysis data 45 may provide a list names of investment banks, their rating statuses for one or more stocks, and particular points in time when the rating statuses were issued.
  • the IB analysis data 45 may also provide one or more stocks, the rating statuses for each of the stocks by the investment banks which evaluate the particular stock, and the points in time when the rating statuses were issued by the investment banks.
  • the ratings standard data 48 may include names of investment banks and rating lists for each investment bank.
  • the IB rating standard data 48 may provide a name of a particular IB (e.g., Bear Stearns) and a rating list of this IB (e.g., Strong Buy, Buy, Above Average, Accumulate, Hold, Below Average and Sell).
  • a rating list of this IB e.g., Strong Buy, Buy, Above Average, Accumulate, Hold, Below Average and Sell.
  • the analysis arrangement 5 requests the data 40, 45, 48 from a data provider (e.g., an information server) via the communications network 30. Then, the data provider transmits a data stream which includes the requested financial data 40 and the requested IB analysis data 45 to the analysis arrangement 5. The data provider may also transmit the IB ratings standard data 48 to the analysis arrangement 5.
  • the analysis arrangement 5 receives this data stream from the communications network 30 via its communications device 15, and records the data provided in the data stream in the storage device 10.
  • the storage device 10 may include one or more databases to conveniently maintain the currently received data, along with the data which was previously received. These databases may include the financial data 40 which can be correlated with the IB analysis data 45 using, e.g., an indexing procedure.
  • a user may be connected to the analysis arrangement 30 via a display device (e.g., the personal computer 35, the laptop 36, the workstation 37, a printer, etc.). Then, the user may request particular information about one or more financial instruments (with respect to the IB analysis rating data 45) from the analysis arrangement 5 by transmitting a request signal. When such request is received, the analysis arrangement 5 displays the requested particular information on the display device. This is executed, e.g., by retrieving the requested information from the storage device 10 (by the computing device 20) and transmitting this information to the display device via the communications device 15 and the communications network 30.
  • the transmitted information may be, e.g., display data for a graph of a stock price of a particular stock versus a specific time period. The specific time period may be either fixed or modifiable by the user.
  • the analysis arrangement 5 also displays at least a portion of the IB analysis data 45 as a visual indicator in a specific section of the graph.
  • This portion relates to the financial instrument which is displayed on the display device.
  • the visual symbol e.g., an arrow
  • the visual symbol may indicate that a particular investment bank has provided the IB analysis data 45 for the displayed financial instrument in the specific section (e.g., at a particular point within the specific time period).
  • Fig. lb shows an exemplary illustration of such display in which the Y- axis represent a stock price of a stock A, and the X-axis represents a time period between, e.g., February 1, 1996 and February 1, 1999.
  • the price of the stock A is plotted as a function of time for the above-described time period.
  • the visual symbol described above is shown as a first arrow indicator 1000 for a specific investment bank X.
  • the arrow indicator 1000 is labeled as "Buy” and points a section 1010 of the graph which is aligned with February 1, 1997.
  • Such graphic illustration would indicate that on February 1, 1997, the investment bank X issued a "Buy" rating for the stock A.
  • Another visual symbol (which is shown as a second arrow indicator 1050) may also be provided for the same investment bank X. and displayed in the exemplary graph shown in Fig. lb.
  • This arrow indicator 1050 is labeled as "Hold”, and points to another section 1060 of the graph which is aligned with July 1, 1997. This means that on July 1 , 1997, the investment bank X issued a "Hold" recommendation for the stock A.
  • the second arrow indicator 1050 may be assigned to another investment bank Y (shown in Fig. lb).
  • the second arrow indicator 1050 pointing to the second section 1060 indicates that the investment bank Y issued the "Hold" recommendation.
  • the user may request information regarding one or more financial instruments (e.g., stocks), and the ratings of these financial instruments.
  • the analysis arrangement 5 would then provide the display of the above-described graph for the requested financial instruments, and the corresponding visual symbols, on the user's remote display device.
  • the analysis arrangement 5 and/or the user may assign a separate identification symbol 1200, 1250 to each respective visual symbol to allow the user to visually identify which one of the visual symbols corresponds to a particular investment bank.
  • the identification symbol would then be displayed at or near each respective visual symbol.
  • Such identification symbol may have a particular color, shape, design, etc.
  • a legend 1100 (which includes the description of the identification symbols 1200, 1250) may be provided within the same display as that of the arrow indicators 1000, 1050.
  • Fig. lc shows another exemplary embodiment of a system 1 according to the present invention, which may be used to retrieve and store the financial data for financial instruments 40, the IB analysis data 45 and/or the ratings standard data 48.
  • the system 1 of this embodiment may also include the computing device 20 and the storage device 10, and has a control database 510, a temporary database 520 and a main database 540.
  • Each of the databases 510, 520, 540 may be provided in the storage device 10 and/or another storage medium.
  • the computing device 20 of the system 1 initially executes an inquiry process 545.
  • the inquiry process 545 obtains request data from the control database 510 to form a data inquiry 500.
  • This data inquiry 500 is transmitted via the communications device 15 of the system 1 via the communications network 30 to an information provider server.
  • the information provider server transmits requested data 505 (which was derived from the information provided in the data inquiry 500).
  • the requested data 505 is provided to the system 1 via the communications network 30.
  • the computing device 20 receives the requested data via the communications device 15 and routes this data to the temporary database 520.
  • the computing device 20 executes a storing process 530 to record the financial data 40, the IB analysis data 45 and/or the ratings standard data 48 in the main database, and to interrelate the data 40, 45, 48.
  • This procedure may be performed by storing the data 40, 45, 48 as a function of the request data stored in the control database 510.
  • the control database 510 has fields that may be specified by a user and/or preselected as required files. These fields may include a list of financial instruments tracked by one of more users, a list of investment bankers that the user and/or the analysis arrangement 5 monitor.
  • the storing process may also store all of the data 40, 45, 48 in the main database 540.
  • the analysis arrangement 5 may display the information requested by the user (i.e., the financial data 40 and the corresponding IB analysis data 45) on the user's remote display device.
  • Fig. 2 shows an exemplary embodiment of a method according to the present invention, which is executed by the computing device 20 of the analysis arrangement 5 illustrated in Fig. la.
  • the computing device 20 may retrieve the request data from the control database 510 and then may transmit the data inquiry to the information provider server via the communications network 30.
  • the analysis arrangement 5 inquires if the requested data 505 was received. If so, the received requested data is stored in the temporary database 520 (step 65). It is also possible to receive the data 40, 45, 48 automatically (e.g., at a predetermined time), without transmitting the data inquiry 500.
  • the computing device 20 After receiving the financial data 40, the IB analysis data 45 and possibly the ratings standard data 48, the computing device 20 updates the main database 540 with the information that was stored in the temporary database 520 (step 70). At that time, the temporary database 520 may be cleared (e.g., all data therein is erased). In step 75, the computing device 20 (or associates) correlates the IB analysis data 45 (the new data and the previously stored data) with the financial data (also the new data and the previously stored data) in the main database 540. In step 80, the computing device 20 may set a "Data Ready" indicator to be active (e.g., logical "1 "). Then, the inquiry process 545 and the storing process 530 are stopped.
  • a "Data Ready" indicator e.g., logical "1 "
  • step 85 it is possible to inquire whether the data transmitted from the information provider server should be reloaded. If so, the computing device 20 retransmits the data inquiry 500 or requests the financial data 40, the IB analysis data 45 and the ratings standard data 48 to be retransmitted (step 90); the process continues to step 60. If such retransmission is not requested, the "Data Ready" indicator is set to be inactive (e.g., logical "0") in step 95, and the inquiry process 545 and the storing process 530 are stopped.
  • the "Data Ready" indicator is set to be inactive (e.g., logical "0") in step 95, and the inquiry process 545 and the storing process 530 are stopped.
  • the analysis arrangement 5 can load the necessary information for correlating and transmitting display information to the display device. It is also possible to retrieve the necessary information from a CD-ROM medium and/or other information storage medium.
  • Fig. 3 shows an exemplary embodiment of the method according to the present invention, which may be performed using the system 1 illustrated in Fig. la.
  • the user accesses the analysis arrangement 5 via the communications network 30.
  • the user may already be a subscriber of the system or may be required to be a subscriber of the system 1.
  • a separate user profile may be generated for such user.
  • the analysis arrangement 5 may check if the "Data Ready" indicator is in an active state or an inactive state (step 1 15).
  • the computing device 20 inquires from the user if further processing is requested even though new data has not yet been received (step 118). If the user does not want to continue, the user is logged off from the system. If the "Data Ready” indicator is in the active state or if the user prefers to continue without using the most recent uncollected data, in step 116, the user may request to receive (i.e., on the display terminal) the financial data 40 for one or more financial instruments and the corresponding IB analysis data 45 (which has been previously correlated in the main database 540 with respect to the financial data 40). The analysis arrangement 5 then transmits requested information to the display device (step 120).
  • the display format of the requested information displayed on the display device may correspond to the exemplary illustration shown in Fig. lb.
  • the user may request additional information regarding the financial data 40 for the same (or different) financial instruments and the corresponding IB analysis data 40 (step 125). Then, the user is disconnected from the analysis arrangement 5 (step 130).
  • Fig. 4 shows an exemplary embodiment of the method according to the present invention for generating a user profile for a new user and/or for updating an existing profile of an existing user, and provides a detailed illustration of step 110 described above with reference to Fig. 3.
  • the computing device 20 determines if the user is connected to the analysis arrangement 5 (step 150). If the user is connected, the analysis arrangement 5 inquires whether the connected user has been previously registered with the analysis arrangement 5 (step 155). If the connected user has not previously registered with the analysis arrangement 5, the computing device 20 creates a new profile for the user as described above (step 160). For example, the analysis arrangement 5 may initially assign a default profile to the user.
  • Such default profile may include information specifying which financial instruments and/or investment banks the analysis arrangement 5 should display to the user at the display device.
  • the analysis arrangement 5 inquires from the user if the newly created default profile is acceptable. If not, the user may change his or her profile (step 175). An exemplary way to modify the user's profile is described below and illustrated in Fig. 5.
  • the analysis arrangement 5 e.g., using the computing device 20 to retrieve the IB analysis data 45 and the financial data 40 from the main database 540, and to associate this data 40, 45 with the user to generate correlated data (step 180).
  • the system associates the data 40, 45 with the user using the profile of that particular user. For example, if the profile of the particular user indicates that the particular user prefers to view the information regarding stocks A, B, C, the analysis arrangement 5 retrieves the financial data 40 (e.g., stock prices, splits, etc.) for the stocks A, B, C, along with a list of investment banks and their corresponding recommendations (from the IB analysis data 45) for the stocks A, B, C. Then, the above-described data is associated with the particular user.
  • financial data 40 e.g., stock prices, splits, etc.
  • the analysis arrangement 5 displays the correlated data (which is created for the particular user using the IB analysis data 45 and the financial data 40) on that display device.
  • the correlated data may be displayed using default display parameters which are established by the analysis arrangement 5.
  • An exemplary illustration of such default display is illustrated in Fig. lb.
  • the user may modify the default parameters so that the correlated data may be displayed in a manner desired by the particular user.
  • the user may modify the display parameters to display the financial information for all of the stocks A, B, C (provided in the user's profile on a single graph) and/or the recommendations for these stocks A, B, C from all investment banks which monitor the stocks A, B, C.
  • Other possible variations of display parameters are also conceivable.
  • step 200 it is determined (e.g., by the computing device 20) whether the user prefers see additional information of financial instruments and of corresponding investment bank recommendation data on the display device. If the user does not prefer to see such additional information, the system disconnects this particular user (step 210). Otherwise, the user provides further parameters to the analysis arrangement 5 for displaying the above-described additional information (step 203), such information is displayed on the display device (step 205), and the process returns to step 200.
  • Fig. 5 shows an exemplary embodiment of a process according to the present invention for generating the user profile for the particular user.
  • the analysis arrangement 5 of the system l may display the particular user's current user profile on the display device.
  • Such current user ' s profile may be the user's default profile which can be generated by the analysis arrangement 5.
  • the user determines if the displayed profile assigned to him or her is acceptable (step 225). If the displayed profile is acceptable, this process is terminated. Otherwise, the system 1 (via the analysis arrangement 5) provides possible variants of parameters, which can be used for the user's profile, to the particular user (step 230).
  • the system 1 may display the statistics of a usage of each displayed available parameter used by all users or a group of particular users which may have similar objectives as those of the current user. Such objectives may be obtained by the analysis arrangement 5 from the user when the user registers with the system.
  • the user selects one or more parameters from the displayed available parameters. Then, the system 1 (via the analysis arrangement 5) modifies the user profile of the particular user using the selected parameters (step 245), and the modified profile is displayed to the user at the display terminal (step 250). Thereafter, the process is returned to step 225, where the system inquires from the user whether the current user profile is acceptable.
  • Fig. 6 shows an exemplary process according to the present invention for displaying the correlated data described above.
  • the system 1 e.g., the computing device 20
  • the analysis arrangement 5 determines whether the correlated data should be modified due to any changes to the display parameters for displaying on the display device (step 280).
  • the system 1 modifies the IB analysis data 45 for the particular user using the display parameters and the correlated data to form IB display data (step 290); and the system 1 also modifies the financial data 40 for the particular user using the display parameters and the correlated data to form financial display data (step 295). Otherwise, the system 1 (via the analysis arrangement 5) generates the IB display data and the financial display data using the correlated data (step 285). In step 300, the system 1 (via the analysis arrangement 5) delivers the IB display data and the financial display data to the display device, so that the particular user can view the results.
  • the analysis arrangement 5 can also monitors the communications network 30 for any new data that may arrive thereto while one or more users are connected to the analysis arrangement 5.
  • Fig. 7 shows an exemplary embodiment of the process according to the present invention for monitoring for such data and displaying the data to the appropriate user.
  • the analysis arrangement 5 initiates the monitoring process.
  • the analysis arrangement 5 monitors the communications network 30 (e.g., via its communications device 15) for any newly arrived data.
  • Such monitoring procedure may be performed by executing, e.g., a daemon process.
  • the analysis arrangement 5 determines whether the new data includes information which is requested by one or more users, via the user profiles (step 330).
  • the analysis arrangement 5 may inform the respective user that new information has arrived which corresponds to the information provided in the respective user profile. In addition, the system may display such relevant information to the user (step 340). Otherwise, the analysis arrangement 5 continues the monitoring process described above (step 320). In step 350, it is determined if the monitoring process should be completed. If so, the monitoring process in stopped; otherwise, the monitoring process continues (step 320).
  • a user A may have stocks M, N and investment banks V, W as monitored information in the user A's profile
  • a user B may have stocks R, S, T and investment banks X, Y as monitored information in the user B's profile.
  • the analysis arrangement 5 determines that newly received data includes the financial information regarding the stock N and the IB analysis information regarding the investment bank Y, the user A is notified of new information regarding stock N, and the user B is notified of new information regarding investment bank Y. This information may also be displayed on the respective user display devices of the user A and/or the user B.
  • Fig. lb shows an exemplary graph which may be displayed to the user who utilizes the process and system according to the present invention. Using the information provided in the graph as shown in Fig. lb, the user can easily determine whether the recommendations provided by one or more investment banks influence, e.g., the stock price of the stock A.
  • the user who is logged in to the analysis arrangement 5 may request various information regarding the investment banks and how they relate to the financial instruments.
  • display information may be in the form of an exemplary graph shown in Fig. 8.
  • This graph may be generated, e.g., when the user selects a particular investment bank for analysis (either in the user's profile or manually entered).
  • the graph shown in Fig. 8 provides an exemplary illustration of the percentage of return for one or more financial instruments analyzed by the selected investment bank as an Y-axis vs. a time line (e.g., time passed after the recommendation is made) as a X-axis.
  • the Y-axis of the graph may also display the percentage of return for all financial instruments analyzed by the selected investment bank.
  • the analysis arrangement 5 allows the user to define the Y-axis of the graph to relate to the percentage of return for one financial instrument, a group of financial instruments, or all financial instruments analyzed by the selected investment bank.
  • the X-axis may be separated into separate section as shown in Fig. 8.
  • the first section may be "Next Day” section, the second section - “Week” section, the third section - "Month” section, the fourth section - "Qtr” section, and the fifth section - "Year” section.
  • the system 1 may display a performance of the financial instruments analyzed by the selected investment bank to the user for the "Next Day” after the selected investment bank issues the recommendation, a "Week” thereafter, a “Month” thereafter, a “Qtr” (quarter period) thereafter, and/or a "Year” thereafter.
  • Fig. 8 shows that the analysis arrangement 5 according to the present invention displays a legend 2500 provided substantially near the graph.
  • This legend 2500 has indicators which may be indicative of the possible recommendations that the investment bank may issue.
  • the investment bank selected by the user issues at least three recommendations, i.e., "Buy", "Hold” and "Sell".
  • a first indicator 2510 is provided for the "Buy” recommendation, and may have a first shape or color (e.g., grey color).
  • a second indicator 2520 is provided for the "Hold” recommendation, and may have a second shape or color (e.g., black color).
  • a third indicator 2530 is provided for the "Sell” recommendation, and may have a third shape or color (e.g., white color).
  • the legend 2500 may list all possible recommendations that can be issued by the investment bank, or allow the user to select specific recommendations.
  • the analysis arrangement 5 is capable of combining the information for the financial instruments for which the selected investment bank issued a "Buy” recommendation in a first group, the information for the financial instruments for which the selected investment bank issued a "Hold” recommendation in a second group, and the information for the financial instruments for which the selected investment bank issued a "Sell” recommendation in a third group. Then, the analysis system 5 displays the percentage of the return for each of the first, second and third groups in each time period described above. In the exemplary graph shown in Fig.
  • the analysis arrangement 5 shows that the percentage of return for the first group of the financial instruments for the next day after the selected investment bank made the "Buy” recommendation is at 20%, and for the second group after the selected investment bank made the "Hold” recommendation is at 30%, and for the third group after the selected investment bank issued a "Sell” recommendation is at -10%.
  • a week after the recommendations are made the percentage of return for the first group is approximately 25%, for the second group is 35%, and for the third group is -15%.
  • a month after the recommendations are made the percentage of return for the first group is approximately 40%, for the second group is 35%, and for the third group is - 20%.
  • the percentage of return for the first group is approximately 20%, for the second group is 30%, and for the third group is -25%. Finally, a year after the recommendations are made, the percentage of return for the first group is approximately 30%, for the second group is 50%, and for the third group is -10%.
  • the user can determine how the financial instruments (which are analyzed by the investment bank) perform after the particular time periods for each respective recommendation issued by the investment bank (selected by the user) using the legend 2500 and the graph. For example, with the exemplary graph shown in Fig. 8, the user can determine that, e.g., if he or she buys financial instruments for which the selected investment bank issued a "Hold" recommendation, chances are that within a year such financial instrument will gain 50%.
  • the analysis arrangement 5 can then display either one graph for each selected investment bank so that the user can compare the information from the displayed graphs, or combine the information from the selected investment banks into a single graph.
  • the user can select a particular investment bank (e.g., click on the name of such investment bank) and the analysis arrangement may displays a list of financial instruments for which this investment bank issues recommendations and/or a list recommendations used by the selected investment bank to rate each financial instrument.
  • a particular investment bank e.g., click on the name of such investment bank
  • the analysis arrangement may displays a list of financial instruments for which this investment bank issues recommendations and/or a list recommendations used by the selected investment bank to rate each financial instrument.

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Finance (AREA)
  • Engineering & Computer Science (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Marketing (AREA)
  • Strategic Management (AREA)
  • Technology Law (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

L'invention concerne un système et un procédé, permettant de fournir des données d'analyse à au moins un instrument financier, sur un dispositif de sortie. Des données de recommandation et des données financières sont d'abord reçues par un premier agencement du système. Les données de recommandation indiquent les informations d'évaluation émises par au moins une institution financière, pour l'instrument financier, et les données financières indiquent des informations de valeur destinées à l'instrument financier. Puis, les données de recommandation de banque d'investissement (IB) et les données financières sont fournies sous forme de données d'analyse sur le dispositif de sortie, par un second agencement du système.
PCT/US2000/010475 1999-04-21 2000-04-19 Systeme et procede permettant de fournir des donnees financieres et des donnees de recommandation associees a au moins un instrument financier WO2000063811A2 (fr)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU43613/00A AU4361300A (en) 1999-04-21 2000-04-19 System and method for outputting financial data and recommendation data which relates to at least one financial instrument

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US29522099A 1999-04-21 1999-04-21
US09/295,220 1999-04-21

Publications (3)

Publication Number Publication Date
WO2000063811A2 WO2000063811A2 (fr) 2000-10-26
WO2000063811A9 true WO2000063811A9 (fr) 2001-06-07
WO2000063811A8 WO2000063811A8 (fr) 2001-11-15

Family

ID=23136760

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2000/010475 WO2000063811A2 (fr) 1999-04-21 2000-04-19 Systeme et procede permettant de fournir des donnees financieres et des donnees de recommandation associees a au moins un instrument financier

Country Status (2)

Country Link
AU (1) AU4361300A (fr)
WO (1) WO2000063811A2 (fr)

Also Published As

Publication number Publication date
WO2000063811A2 (fr) 2000-10-26
AU4361300A (en) 2000-11-02
WO2000063811A8 (fr) 2001-11-15

Similar Documents

Publication Publication Date Title
US7401046B2 (en) System and method for displaying option market information
US6876981B1 (en) Method and system for analyzing and comparing financial investments
US20020128945A1 (en) Automated trading system
US20010037192A1 (en) Method and system for providing service to remote users by inter-computer communications
US20020133446A1 (en) Stock exchange supporting system, method for supporting stock exchange, and storage medium storing stock exchange supporting program for implementing the same method
US20060167788A1 (en) Method and system for broker trading in a hybrid trading system for concurrently trading securities or derivatives through both electronic and open-outcry trading mechanisms
US20040073503A1 (en) Method and system for managing and processing service requests
WO2003027802A2 (fr) Traitement de donnees de performance decrivant une relation entre un fournisseur et un client
US7389257B2 (en) System and method for automated documentation for solicited trades
EP1265178A1 (fr) Systèmes et méthodes pour un moniteur automatique de titres qui maintient des marchés
US20070005420A1 (en) Adjustment of inventory estimates
JP2001283000A (ja) 情報表示方法及び情報表示システム
KR100522100B1 (ko) 광고 프레임 거래방법 및 시스템
US8595110B1 (en) Integrated investment management system with network datafeed and incremental database refresh
US7587350B1 (en) Integrated investment management system with network datafeed
KR102431296B1 (ko) 멀티에셋 포트폴리오를 위한 플랫폼 제공방법 및 그 시스템
WO2000063811A2 (fr) Systeme et procede permettant de fournir des donnees financieres et des donnees de recommandation associees a au moins un instrument financier
JP2002352079A (ja) 取引支援システム
US20040019548A1 (en) Security evaluating system and method thereof
US20020188541A1 (en) Methods and systems for soliciting, submitting and managing appraisals
US7640176B1 (en) Insurance agent contact system
JPH08185443A (ja) 証券情報処理装置
US8185451B2 (en) Turn-around time information management system, storage medium, and turn-around time information management method
KR20020037810A (ko) 인터넷을 이용한 영업정보 관리방법 및 그 장치
US20060247989A1 (en) System and method for providing investment information

Legal Events

Date Code Title Description
AK Designated states

Kind code of ref document: A2

Designated state(s): AE AG AL AM AT AU AZ BA BB BG BR BY CA CH CN CR CU CZ DE DK DM DZ EE ES FI GB GD GE GH GM HR HU ID IL IN IS JP KE KG KP KR KZ LC LK LR LS LT LU LV MA MD MG MK MN MW MX NO NZ PL PT RO RU SD SE SG SI SK SL TJ TM TR TT TZ UA UG UZ VN YU ZA ZW

AL Designated countries for regional patents

Kind code of ref document: A2

Designated state(s): GH GM KE LS MW SD SL SZ TZ UG ZW AM AZ BY KG KZ MD RU TJ TM AT BE CH CY DE DK ES FI FR GB GR IE IT LU MC NL PT SE BF BJ CF CG CI CM GA GN GW ML MR NE SN TD TG

121 Ep: the epo has been informed by wipo that ep was designated in this application
DFPE Request for preliminary examination filed prior to expiration of 19th month from priority date (pct application filed before 20040101)
AK Designated states

Kind code of ref document: C2

Designated state(s): AE AG AL AM AT AU AZ BA BB BG BR BY CA CH CN CR CU CZ DE DK DM DZ EE ES FI GB GD GE GH GM HR HU ID IL IN IS JP KE KG KP KR KZ LC LK LR LS LT LU LV MA MD MG MK MN MW MX NO NZ PL PT RO RU SD SE SG SI SK SL TJ TM TR TT TZ UA UG UZ VN YU ZA ZW

AL Designated countries for regional patents

Kind code of ref document: C2

Designated state(s): GH GM KE LS MW SD SL SZ TZ UG ZW AM AZ BY KG KZ MD RU TJ TM AT BE CH CY DE DK ES FI FR GB GR IE IT LU MC NL PT SE BF BJ CF CG CI CM GA GN GW ML MR NE SN TD TG

COP Corrected version of pamphlet

Free format text: PAGES 1/10-10/10, DRAWINGS, REPLACED BY NEW PAGES 1/10-10/10; DUE TO LATE TRANSMITTAL BY THE RECEIVING OFFICE

AK Designated states

Kind code of ref document: C1

Designated state(s): AE AG AL AM AT AU AZ BA BB BG BR BY CA CH CN CR CU CZ DE DK DM DZ EE ES FI GB GD GE GH GM HR HU ID IL IN IS JP KE KG KP KR KZ LC LK LR LS LT LU LV MA MD MG MK MN MW MX NO NZ PL PT RO RU SD SE SG SI SK SL TJ TM TR TT TZ UA UG UZ VN YU ZA ZW

AL Designated countries for regional patents

Kind code of ref document: C1

Designated state(s): GH GM KE LS MW SD SL SZ TZ UG ZW AM AZ BY KG KZ MD RU TJ TM AT BE CH CY DE DK ES FI FR GB GR IE IT LU MC NL PT SE BF BJ CF CG CI CM GA GN GW ML MR NE SN TD TG

D17 Declaration under article 17(2)a
REG Reference to national code

Ref country code: DE

Ref legal event code: 8642

122 Ep: pct application non-entry in european phase
NENP Non-entry into the national phase in:

Ref country code: JP