Method and system for initiating pairs trading across multiple markets having automatic foreign exchange price hedge
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United States of America Patent
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Mar 8, 2011
Grant Date -
Dec 30, 2004
app pub date -
Jul 7, 2003
filing date -
Jun 27, 2003
priority date (Note) -
In Force
status (Latency Note)
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Abstract
Methods and systems for initiating trading, and more particularly, to pairs trading across multiple exchanges by allowing a trader to monitor, trade, and hedge related securities that span across various markets. In certain embodiments of the invention, one or more processors are configured to receive spread parameters pertaining to a relationship between two or more securities in one or more markets, receive and process market data relating to the two or more securities, determine whether the market data falls within the spread parameters, initiate a first order for a first security in the spread in a foreign currency, when the market data falls within the spread parameters, initiate a second order for a second security in the spread, when the market data falls within the spread parameters, whereby the second order is in conjunction with the first order at a selected ratio to reduce the risk of adverse price movements in the first security, and initiate an FX Order to offset foreign exchange exposure resulting from the first order.
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