WO2001009699A3 - System, method, and article of manufacture for estimating a price of a limit order - Google Patents

System, method, and article of manufacture for estimating a price of a limit order Download PDF

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Publication number
WO2001009699A3
WO2001009699A3 PCT/US2000/020955 US0020955W WO0109699A3 WO 2001009699 A3 WO2001009699 A3 WO 2001009699A3 US 0020955 W US0020955 W US 0020955W WO 0109699 A3 WO0109699 A3 WO 0109699A3
Authority
WO
WIPO (PCT)
Prior art keywords
price
limit order
estimating
article
manufacture
Prior art date
Application number
PCT/US2000/020955
Other languages
French (fr)
Other versions
WO2001009699A2 (en
WO2001009699A9 (en
Inventor
Manoj Narang
Original Assignee
Tradeworx Inc
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 Tradeworx Inc filed Critical Tradeworx Inc
Priority to AU63951/00A priority Critical patent/AU6395100A/en
Publication of WO2001009699A2 publication Critical patent/WO2001009699A2/en
Publication of WO2001009699A3 publication Critical patent/WO2001009699A3/en
Publication of WO2001009699A9 publication Critical patent/WO2001009699A9/en

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

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)
  • Management, Administration, Business Operations System, And Electronic Commerce (AREA)

Abstract

A system, method and article of manufacture are provided for estimating a price associated with a limit order. First, an indicia identifying a security is received from a user (210). A price is then estimated for a limit order for the security (212). Estimation of the price may be based on various factors such as a desired time interval during which the limit order is to be filled, a desired probability with which the limit order is to be filled, and/or a current bid price and offered price of the security. Thereafter, the price for the limit order is outputted (214). The price may be estimated on a server connected to a plurality of client computers via a network. By this structure, the indicia may be received from the client computers over the network. Further, the estimated price for the limit order may be outputted over the network.
PCT/US2000/020955 1999-08-03 2000-08-01 System, method, and article of manufacture for estimating a price of a limit order WO2001009699A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU63951/00A AU6395100A (en) 1999-08-03 2000-08-01 System, method, and article of manufacture for estimating a price of a limit order

Applications Claiming Priority (6)

Application Number Priority Date Filing Date Title
US36638399A 1999-08-03 1999-08-03
US36599399A 1999-08-03 1999-08-03
US36599299A 1999-08-03 1999-08-03
US09/365,993 1999-08-03
US09/365,992 1999-08-03
US09/366,383 1999-08-03

Publications (3)

Publication Number Publication Date
WO2001009699A2 WO2001009699A2 (en) 2001-02-08
WO2001009699A3 true WO2001009699A3 (en) 2001-08-02
WO2001009699A9 WO2001009699A9 (en) 2001-09-20

Family

ID=27408730

Family Applications (2)

Application Number Title Priority Date Filing Date
PCT/US2000/020955 WO2001009699A2 (en) 1999-08-03 2000-08-01 System, method, and article of manufacture for estimating a price of a limit order
PCT/US2000/020953 WO2001009698A2 (en) 1999-08-03 2000-08-01 System, method, and article of manufacture for estimating a probability with which a limit order will be filled

Family Applications After (1)

Application Number Title Priority Date Filing Date
PCT/US2000/020953 WO2001009698A2 (en) 1999-08-03 2000-08-01 System, method, and article of manufacture for estimating a probability with which a limit order will be filled

Country Status (2)

Country Link
AU (2) AU6394900A (en)
WO (2) WO2001009699A2 (en)

Families Citing this family (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6493682B1 (en) * 1998-09-15 2002-12-10 Pendelton Trading Systems, Inc. Optimal order choice: evaluating uncertain discounted trading alternatives
US8175946B2 (en) 2008-04-25 2012-05-08 Bloomberg Finance L.P. System and method for providing the execution probability of a limit order
AU2018256664A1 (en) * 2018-11-02 2020-05-21 Australian Bond Exchange Holdings Limited System and Computer Implemented Method for Facilitating the Transaction and Settlement of a Financial Instrument

Citations (13)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US3984657A (en) * 1973-09-18 1976-10-05 Preben Jessen Stock trend indicator
JPH01263866A (en) * 1988-04-15 1989-10-20 Bita:Kk Stock price data processing system
JPH06139227A (en) * 1992-10-28 1994-05-20 Nippon Telegr & Teleph Corp <Ntt> Time series predicting device
US5377095A (en) * 1991-07-12 1994-12-27 Hitachi, Ltd. Merchandise analysis system with sales data table and various functions for predicting the sale by item
JPH103465A (en) * 1996-06-17 1998-01-06 Syst Gijutsu Kenkyusho:Kk Stock price prediction device
US5761386A (en) * 1996-04-05 1998-06-02 Nec Research Institute, Inc. Method and apparatus for foreign exchange rate time series prediction and classification
JPH10207857A (en) * 1997-01-20 1998-08-07 Fujitsu Ltd Time-series prediction device
JPH1125158A (en) * 1997-06-30 1999-01-29 Ryoichi Ino Prediction operation processing method for auction successful bid price of used car and prediction operation processor for auction successful bid price of used car
US5940810A (en) * 1994-08-04 1999-08-17 The Trustees Of Columbia University In The City Of New York Estimation method and system for complex securities using low-discrepancy deterministic sequences
US5960407A (en) * 1996-10-08 1999-09-28 Vivona; Robert G. Automated market price analysis system
US6061662A (en) * 1997-08-15 2000-05-09 Options Technology Company, Inc. Simulation method and system for the valuation of derivative financial instruments
US6092056A (en) * 1994-04-06 2000-07-18 Morgan Stanley Dean Witter Data processing system and method for financial debt instruments
US6098051A (en) * 1995-04-27 2000-08-01 Optimark Technologies, Inc. Crossing network utilizing satisfaction density profile

Patent Citations (13)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US3984657A (en) * 1973-09-18 1976-10-05 Preben Jessen Stock trend indicator
JPH01263866A (en) * 1988-04-15 1989-10-20 Bita:Kk Stock price data processing system
US5377095A (en) * 1991-07-12 1994-12-27 Hitachi, Ltd. Merchandise analysis system with sales data table and various functions for predicting the sale by item
JPH06139227A (en) * 1992-10-28 1994-05-20 Nippon Telegr & Teleph Corp <Ntt> Time series predicting device
US6092056A (en) * 1994-04-06 2000-07-18 Morgan Stanley Dean Witter Data processing system and method for financial debt instruments
US5940810A (en) * 1994-08-04 1999-08-17 The Trustees Of Columbia University In The City Of New York Estimation method and system for complex securities using low-discrepancy deterministic sequences
US6098051A (en) * 1995-04-27 2000-08-01 Optimark Technologies, Inc. Crossing network utilizing satisfaction density profile
US5761386A (en) * 1996-04-05 1998-06-02 Nec Research Institute, Inc. Method and apparatus for foreign exchange rate time series prediction and classification
JPH103465A (en) * 1996-06-17 1998-01-06 Syst Gijutsu Kenkyusho:Kk Stock price prediction device
US5960407A (en) * 1996-10-08 1999-09-28 Vivona; Robert G. Automated market price analysis system
JPH10207857A (en) * 1997-01-20 1998-08-07 Fujitsu Ltd Time-series prediction device
JPH1125158A (en) * 1997-06-30 1999-01-29 Ryoichi Ino Prediction operation processing method for auction successful bid price of used car and prediction operation processor for auction successful bid price of used car
US6061662A (en) * 1997-08-15 2000-05-09 Options Technology Company, Inc. Simulation method and system for the valuation of derivative financial instruments

Non-Patent Citations (2)

* Cited by examiner, † Cited by third party
Title
"Online Broker A.B. Watley Announces a New Partnership With Tradeworx, Inc.", BUSINESS WIRE, 18 February 2000 (2000-02-18) *
STIRLAND S.L.: "Tradeworkx Seeks Funding for Trading Tools", 30 September 1999 (1999-09-30), Retrieved from the Internet <URL:www.redherring.com> *

Also Published As

Publication number Publication date
WO2001009699A2 (en) 2001-02-08
AU6395100A (en) 2001-02-19
AU6394900A (en) 2001-02-19
WO2001009698A2 (en) 2001-02-08
WO2001009698A3 (en) 2003-11-13
WO2001009699A9 (en) 2001-09-20

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