Granted Patent B1

US 8,706,597 · App. 12/655,079 · Granted Apr 22, 2014

Abstract

Claims (50)

1. A system for inputting a forecast and displaying an associated strategy for a trading system, comprising:

a processor configured to:

receive an indication of a volatility for an underlying investment;

determine a probability band based at least in part on the volatility, the probability band indicative of a likelihood of the underlying investment having a particular price at a particular future date;

cause a display of the probability band;

receive, via the displayed probability band, an indication of a selected forecast for an underlying investment, the selected forecast defining at least a future date and expected price of the underlying investment at the future date; and

cause a display of one or more strategies compatible with the selected forecast; and

a memory coupled to the processor and configured to provide the processor with instructions.

2. A system as in claim 1 , wherein the selected forecast further defines a future range of dates and a range of prices over the future range of dates at which the underlying investment is expected to be at.

3. A system as in claim 1 , wherein the selected forecast further defines a future range of dates and an excluded range of prices over the future range of dates at which the underlying investment is not expected to be at.

4. A system as in claim 1 , wherein the selected forecast is input using a cursor in conjunction with the displayed probability band.

5. A system as in claim 1 , wherein the selected forecast is input using a date input box associated with the displayed probability band and a price input box associated with the displayed probability band.

6. A system as in claim 1 , wherein the indication of the volatility comprises a user input.

7. A system as in claim 1 , wherein the indication of the volatility is associated with a drop down menu.

8. A computer implemented method for inputting a forecast and displaying an associated strategy for a trading system, comprising:

receiving, by an automated processor, an indication of a volatility for an underlying investment;

determining, by the automated processor, a probability band based at least in part on the volatility, the probability band indicative of a likelihood of the underlying investment having a particular price at a particular future date;

causing, by the automated processor, a display of the probability band;

receiving, by the automated processor via the displayed probability band, an indication of a selected forecast for the underlying investment, the selected forecast defining at least a future date and expected price of the underlying investment at the future date; and

causing, by the automated processor, a display of one or more strategies compatible with the selected forecast.

9. A non-transitory computer readable storage medium comprising computer instructions for:

receiving an indication of a volatility for an underlying investment;

determining a probability band based at least in part on the volatility, the probability band indicative of a likelihood of the underlying investment having a particular price at a particular future date;

causing a display of the probability band;

receiving, via the displayed probability band, an indication of a selected forecast for an underlying investment, the selected forecast defining at least a future date and expected price of the underlying investment at the future date; and

causing a display of one or more strategies compatible with the selected forecast.

10. A system as in claim 1 wherein the processor is further configured to:

receive an indication of an order of two or more risk priorities;

determine an ordered list based on the received order;

cause a display of the ordered list; and

cause a display of the one or more strategies further compatible with the ordered list.

11. A system as in claim 10 , wherein one of the one or more risk priorities comprises targeting maximizing potential market gain.

12. A system as in claim 10 , wherein one of the one or more risk priorities comprises targeting minimizing potential loss.

13. A system as in claim 10 , wherein one of the one or more risk priorities comprises targeting maximizing potential profitability.

14. A system as in claim 10 , wherein one of the one or more risk priorities comprises targeting maximizing potential percent market gain.

15. A system as in claim 10 , further comprising receiving an indication of whether each of the one or more risk priorities is turned on or off.

16. A system as in claim 10 , wherein the indication of the order comprises dragging and dropping one of the one or more risk priorities.

17. A system as in claim 10 , wherein the one or more strategies include an existing underlying investment position.

18. A system as in claim 17 , further comprising displaying an adjustment trade for one strategy of the one or more strategies, wherein the one strategy includes at least the existing underlying investment position.

19. A system as in claim 10 , further comprising receiving an indication to select one of the one or more strategies, wherein the selection enables a user to perform one or more of the following: edit, analyze, or trade the selected strategy.

20. A computer implemented method as in claim 8 further comprising:

receiving, by the automated processor, an indication of an order of two or more risk priorities;

determining, by the automated processor, an ordered list based on the received order;

causing, by the automated processor, a display of the ordered list; and

causing, by the automated processor, the display of the one or more strategies further compatible with the ordered list.

21. The non-transitory computer readable storage medium as in claim 9 further comprising computer instructions for:

receiving an indication of an order of two or more risk priorities;

determining an ordered list based on the received order;

causing a display of the ordered list; and

causing the display of the one or more strategies further compatible with the ordered list.

Assignments (10)