Patent ID: 7356499
Filing Date: 2008-04-08
Classification: G06Q

Abstract:
1. A process for automated trading of a security through a brokerage computer system in communication with a client computer system, comprising: providing a brokerage having a brokerage computer system for transacting orders to buy and sell securities, wherein the brokerage computer system is in communication with a plurality of client computer systems; receiving at the brokerage computer system from the client computer system at least one computer implemented buy decision model for the security wherein an at least one buy decision model provides for making a decision to buy based on more than price data for the security; selecting at least one computer implemented sell decision model for the security; providing a computer implemented monitoring process on the brokerage computer system for monitoring the decision models for a buy decision or a sell decision wherein the monitoring process comprises resolving a mathematical equation of the at least one buy decision model and comparing the result to a decision point; providing a computer implemented transaction approval process on the brokerage computer system for determining after the decision to buy or sell the security is made if a transaction to buy or sell the security is appropriate; providing a computer implemented transaction submission process on the brokerage computer system for submitting a transaction to buy or sell the security to a market computer system and monitoring the transaction until it is completed; inputting data into the at least one buy decision model and an at least one sell decision model wherein the data comprises data for the security wherein the data is input into the decision models at the brokerage computer system; monitoring the decision models through the monitoring process for at least one of the buy decision or the sell decision; when the buy decision is reached then determining through the transaction approval process whether a buy transaction is appropriate and if so then automatically submitting to the market computer system through the transaction submission process an order to buy the security, otherwise continue monitoring the decision models; when the sell decision is reached then determining through the transaction approval process whether a sell transaction is appropriate and if so then automatically submitting to the market computer system through the transaction submission process an order to sell the security, otherwise continue monitoring the decision models; and continuing inputting data into the decision models, monitoring the decision models through the monitoring process, and repeating the steps for when the buy decision is reached or when the sell decision is reached, wherein the process for automated trading allows for repeated buying and selling the security without stopping between transactions.