Automatic strategy grouping for a trading system
View Patent ↗A system for trading comprises a processor and a memory. The processor is configured to: receive an indication to automatically group a set of investment instruments; determine a set of possible strategies from the set of investment instruments; determine a set of groupings of strategies from the set of possible strategies; and determine one or more selected groupings from the set of groupings of strategies based at least in part on a selection criteria. The memory is coupled to the processor and configured to provide the processor instructions.
1. A system for trading, comprising:
a processor configured to:
receive an indication to automatically group a set of individual investment instruments related to a same underlying investment instrument held by a user, wherein the individual investment instrument comprises an option contract on the underlying investment instrument;
determine a set of possible strategies comprising one or more individual investment legs based on the set of individual investment instruments related to the underlying investment instrument held by the user;
determine a set of groupings of strategies from the set of possible strategies comprising combinations of the individual investment instruments that exactly make up holdings of the user related to the underlying investment instrument; and
determine one or more selected groupings from the set of groupings of strategies based at least in part on a selection criteria; and
a memory coupled to the processor and configured to provide the processor instructions.
2. A system as in claim 1 , wherein the indication is triggered in the event that an order has been filled in a market.
3. A system as in claim 1 , wherein one of the set of individual investment instruments also comprises a position in the same underlying investment instrument held by the user.
4. A system as in claim 1 , further comprising retrieving all individual investments instruments held by the user related to the same underlying investment instrument.
5. A system as in claim 1 , wherein the same underlying investment instrument comprises a stock.
6. A system as in claim 1 , wherein the same underlying investment instrument comprises a mutual fund.
7. A system as in claim 1 , wherein the same underlying investment instrument comprises an exchange traded fund.
8. A system as in claim 1 , wherein the selected grouping is identified as a particular strategy.
9. A system as in claim 1 , wherein the processor is further configured to perform an operation on the selected grouping as if a selected grouping were a single investment instrument.
10. A system as in claim 9 , wherein the operation comprises receiving a quote on the selected grouping.
11. A system as in claim 9 , wherein the operation comprises trading the selected strategy.
12. A system as in claim 9 , wherein the operation comprises viewing risk metrics on the selected grouping.
13. A system as in claim 9 , wherein the operation comprises viewing profiles on the selected grouping.
14. A system as in claim 1 , wherein the selection criteria comprises one or more user selection criteria.
15. A system as in claim 1 , wherein the selection criteria comprises a user selection of a grouping from the set of groupings of strategies.
16. A system as in claim 1 , wherein the selection criteria comprises finding a grouping with the least number of strategies.
17. A system as in claim 1 , wherein the selection criteria comprises finding one or more groupings that have a limit to a number of instruments in any of the grouped strategies.
18. A system as in claim 1 , wherein the selection criteria comprises finding one or more groupings that only include one multi-instrument strategy plus one or more one-instrument strategies.
19. A method of trading, comprising:
receiving an indication to automatically group a set of individual investment instruments related to a same underlying investment instrument held by a user, wherein the individual investment instrument comprises an option contract on the underlying investment instrument;
determining, using a computer with a processor and a memory, a set of possible strategies comprising one or more individual investment legs based at least on the set of individual investment instruments related to the underlying investment instrument held by the user;
determining a set of groupings of strategies from the set of possible strategies comprising combinations of the individual investment instruments that exactly make up holdings of the user related to the underlying investment instrument;
determining one or more selected groupings from the set of groupings of strategies based at least in part on a selection criteria.
20. A computer program product for trading, the computer program product being embodied in a computer readable storage medium and comprising computer instructions for:
receiving an indication to automatically group a set of individual investment instruments related to a same underlying investment interest held by the user, wherein the individual investment instrument comprises an option contract on the underlying investment instrument;
determining a set of possible strategies comprising one or more individual investment legs based on the set of individual investment instruments related to the underlying investment instrument held by the user;
determining a set of groupings of strategies from the set of possible strategies comprising combinations of the individual investment instruments that exactly make up holdings of the user related to the underlying investment instrument;
determining one or more selected groupings from the set of groupings of strategies based at least in part on a selection criteria.