WO2001009698A3 - System, method, and article of manufacture for estimating a probability with which a limit order will be filled - Google Patents
System, method, and article of manufacture for estimating a probability with which a limit order will be filled Download PDFInfo
- Publication number
- WO2001009698A3 WO2001009698A3 PCT/US2000/020953 US0020953W WO0109698A3 WO 2001009698 A3 WO2001009698 A3 WO 2001009698A3 US 0020953 W US0020953 W US 0020953W WO 0109698 A3 WO0109698 A3 WO 0109698A3
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- probability
- limit order
- estimating
- article
- filled
- Prior art date
Links
Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
Landscapes
- Business, Economics & Management (AREA)
- Accounting & Taxation (AREA)
- Finance (AREA)
- Engineering & Computer Science (AREA)
- Development Economics (AREA)
- Economics (AREA)
- Marketing (AREA)
- Strategic Management (AREA)
- Technology Law (AREA)
- Physics & Mathematics (AREA)
- General Business, Economics & Management (AREA)
- General Physics & Mathematics (AREA)
- Theoretical Computer Science (AREA)
- Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
- Management, Administration, Business Operations System, And Electronic Commerce (AREA)
Abstract
A system, method and article of manufacture are provided for estimating a probability associated with a limit order. First, an indicia identifying a security is received from a user (217). A probability for filling a limit order for the security is then estimated (218). Estimation of the probability may be based on various factors such as a desired time interval during which the limit order is to be filled, a desired price for the limit order, and/or a current bid price and offered price of the security. Thereafter, the probability of the limit order is outputted (220). The probability may be estimated on a server connected to a plurality of client computers via a network. By this structure, the indice may be received from the client computers over the network. Further, the estimated probability of the limit order may be outputted to the client computers over the network.
Priority Applications (1)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
AU63949/00A AU6394900A (en) | 1999-08-03 | 2000-08-01 | System, method, and article of manufacture for estimating a probability with which a limit order will be filled |
Applications Claiming Priority (6)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US36599299A | 1999-08-03 | 1999-08-03 | |
US36599399A | 1999-08-03 | 1999-08-03 | |
US36638399A | 1999-08-03 | 1999-08-03 | |
US09/365,992 | 1999-08-03 | ||
US09/365,993 | 1999-08-03 | ||
US09/366,383 | 1999-08-03 |
Publications (2)
Publication Number | Publication Date |
---|---|
WO2001009698A2 WO2001009698A2 (en) | 2001-02-08 |
WO2001009698A3 true WO2001009698A3 (en) | 2003-11-13 |
Family
ID=27408730
Family Applications (2)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
PCT/US2000/020955 WO2001009699A2 (en) | 1999-08-03 | 2000-08-01 | System, method, and article of manufacture for estimating a price of a limit order |
PCT/US2000/020953 WO2001009698A2 (en) | 1999-08-03 | 2000-08-01 | System, method, and article of manufacture for estimating a probability with which a limit order will be filled |
Family Applications Before (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
PCT/US2000/020955 WO2001009699A2 (en) | 1999-08-03 | 2000-08-01 | System, method, and article of manufacture for estimating a price of a limit order |
Country Status (2)
Country | Link |
---|---|
AU (2) | AU6394900A (en) |
WO (2) | WO2001009699A2 (en) |
Families Citing this family (3)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US6493682B1 (en) * | 1998-09-15 | 2002-12-10 | Pendelton Trading Systems, Inc. | Optimal order choice: evaluating uncertain discounted trading alternatives |
US8175946B2 (en) | 2008-04-25 | 2012-05-08 | Bloomberg Finance L.P. | System and method for providing the execution probability of a limit order |
AU2018256664A1 (en) * | 2018-11-02 | 2020-05-21 | Australian Bond Exchange Holdings Limited | System and Computer Implemented Method for Facilitating the Transaction and Settlement of a Financial Instrument |
Citations (13)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US3984657A (en) * | 1973-09-18 | 1976-10-05 | Preben Jessen | Stock trend indicator |
JPH01263866A (en) * | 1988-04-15 | 1989-10-20 | Bita:Kk | Stock price data processing system |
JPH06139227A (en) * | 1992-10-28 | 1994-05-20 | Nippon Telegr & Teleph Corp <Ntt> | Time series predicting device |
US5377095A (en) * | 1991-07-12 | 1994-12-27 | Hitachi, Ltd. | Merchandise analysis system with sales data table and various functions for predicting the sale by item |
JPH103465A (en) * | 1996-06-17 | 1998-01-06 | Syst Gijutsu Kenkyusho:Kk | Stock price prediction device |
US5761386A (en) * | 1996-04-05 | 1998-06-02 | Nec Research Institute, Inc. | Method and apparatus for foreign exchange rate time series prediction and classification |
JPH10207857A (en) * | 1997-01-20 | 1998-08-07 | Fujitsu Ltd | Time-series prediction device |
JPH1125158A (en) * | 1997-06-30 | 1999-01-29 | Ryoichi Ino | Prediction operation processing method for auction successful bid price of used car and prediction operation processor for auction successful bid price of used car |
US5940810A (en) * | 1994-08-04 | 1999-08-17 | The Trustees Of Columbia University In The City Of New York | Estimation method and system for complex securities using low-discrepancy deterministic sequences |
US5960407A (en) * | 1996-10-08 | 1999-09-28 | Vivona; Robert G. | Automated market price analysis system |
US6061662A (en) * | 1997-08-15 | 2000-05-09 | Options Technology Company, Inc. | Simulation method and system for the valuation of derivative financial instruments |
US6092056A (en) * | 1994-04-06 | 2000-07-18 | Morgan Stanley Dean Witter | Data processing system and method for financial debt instruments |
US6098051A (en) * | 1995-04-27 | 2000-08-01 | Optimark Technologies, Inc. | Crossing network utilizing satisfaction density profile |
-
2000
- 2000-08-01 WO PCT/US2000/020955 patent/WO2001009699A2/en active Search and Examination
- 2000-08-01 AU AU63949/00A patent/AU6394900A/en not_active Abandoned
- 2000-08-01 AU AU63951/00A patent/AU6395100A/en not_active Abandoned
- 2000-08-01 WO PCT/US2000/020953 patent/WO2001009698A2/en active Search and Examination
Patent Citations (13)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US3984657A (en) * | 1973-09-18 | 1976-10-05 | Preben Jessen | Stock trend indicator |
JPH01263866A (en) * | 1988-04-15 | 1989-10-20 | Bita:Kk | Stock price data processing system |
US5377095A (en) * | 1991-07-12 | 1994-12-27 | Hitachi, Ltd. | Merchandise analysis system with sales data table and various functions for predicting the sale by item |
JPH06139227A (en) * | 1992-10-28 | 1994-05-20 | Nippon Telegr & Teleph Corp <Ntt> | Time series predicting device |
US6092056A (en) * | 1994-04-06 | 2000-07-18 | Morgan Stanley Dean Witter | Data processing system and method for financial debt instruments |
US5940810A (en) * | 1994-08-04 | 1999-08-17 | The Trustees Of Columbia University In The City Of New York | Estimation method and system for complex securities using low-discrepancy deterministic sequences |
US6098051A (en) * | 1995-04-27 | 2000-08-01 | Optimark Technologies, Inc. | Crossing network utilizing satisfaction density profile |
US5761386A (en) * | 1996-04-05 | 1998-06-02 | Nec Research Institute, Inc. | Method and apparatus for foreign exchange rate time series prediction and classification |
JPH103465A (en) * | 1996-06-17 | 1998-01-06 | Syst Gijutsu Kenkyusho:Kk | Stock price prediction device |
US5960407A (en) * | 1996-10-08 | 1999-09-28 | Vivona; Robert G. | Automated market price analysis system |
JPH10207857A (en) * | 1997-01-20 | 1998-08-07 | Fujitsu Ltd | Time-series prediction device |
JPH1125158A (en) * | 1997-06-30 | 1999-01-29 | Ryoichi Ino | Prediction operation processing method for auction successful bid price of used car and prediction operation processor for auction successful bid price of used car |
US6061662A (en) * | 1997-08-15 | 2000-05-09 | Options Technology Company, Inc. | Simulation method and system for the valuation of derivative financial instruments |
Non-Patent Citations (2)
Title |
---|
"Online Broker A.B. Watley Announces a New Partnership With Tradeworx, Inc." Business Wire, 18, February 2000 * |
STIRLAND, S.L., "Tradeworx Seeks Funding for Trading Tools, Redherring.com" 30 September 1999 * |
Also Published As
Publication number | Publication date |
---|---|
WO2001009699A2 (en) | 2001-02-08 |
WO2001009698A2 (en) | 2001-02-08 |
WO2001009699A9 (en) | 2001-09-20 |
WO2001009699A3 (en) | 2001-08-02 |
AU6394900A (en) | 2001-02-19 |
AU6395100A (en) | 2001-02-19 |
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