Method and a system for complex price calculations in automated financial trading

The invention discloses a function in an automated system for trading in one or several financial instruments. The function of the invention is used for calculating the price of an instrument which has been agreed upon between a first party, a seller, and a second party, a buyer, and comprises an au...

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Bibliographic Details
Main Authors BRODERSEN JORGEN, JARL HENRIK
Format Patent
LanguageEnglish
Published 01.12.2005
Edition7
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:The invention discloses a function in an automated system for trading in one or several financial instruments. The function of the invention is used for calculating the price of an instrument which has been agreed upon between a first party, a seller, and a second party, a buyer, and comprises an automated sub-function for enabling the first and the second party to interactively define the instrument which is to be traded, an automated sub-function for retrieving data regarding the instrument, an automated sub-function for using said retrieved data to calculate a price for the instrument, and an automated sub-function for storing calculated prices.
Bibliography:Application Number: US20040854786