System and methods for facilitating informed trading of financial instruments
The invention relates to an improved means for interactive computerized communications having a facilitated capability for order entry and order execution, and providing an enhanced range of trading forms and methods to clients of brokerage firms dealing in financial instruments. In particular, the invention relates to a type of interactive computerized system and software program providing services based from trading patterns, to result in a more efficient and flexible range in the type of allowable trades, and that provides thereby innovative and strategic advantages to individual investors of brokerage firms, for actively managing financial instruments held in trading accounts.
1. A system by which an investor can automatically and through online communications identify possible additional trading opportunities relative to a security identified as a target by the investor, said system comprising:
a database comprising data regarding past trades by a plurality of investors of each security in a group of securities, wherein the database includes the past trades of the investor, the past trades of a plurality of investors within a trading service company, and the past trades of a plurality of investors external to the trading service company;
a target security entry display by which the investor identifies a target security selected from the group of securities; and
a processor that determines by review of the database which securities in the group of securities were traded relative to the target security designated by an investor selection of a time period between when the target security was traded and each security in the group was traded and prepares a display of information from the review so that the investor identifies any additional trading opportunities relative to the target security,
wherein the processor also measures a similarity between two securities of the group of securities by determining a first number of investors that have an interest in the two securities relative to a second number of investors that have an interest in one of the two securities.
2. The system according to claim 1 , further including an order display by which the investor identifies and communicates an offer to purchase the target security or another security.
3. The system according to claim 1 , wherein said processor further determines information related to non-executed trades in the group of securities.