Patent Issued for Automated Securities Trading Based on Matching Terms in Content
A patent for automated securities trading based on matching content to user-defined terms or phrases contained within structured or unstructured, real-time content and complex event data, was announced today by our company, News Technologies. This patent represents the cornerstone of automated securities trading based on actionable, machine-readable news and complex event data matching. Securities are defined as any tradable financial instruments, including stocks, bonds, options, ADRs, contracts, etc.
The title of this patent is “News Induced Automated Electronic Securities Transactions” and the patent number is 8,027,893. A copy of the press release can be found on our web site at the following URL:
I am impressed. Back in 2002 when the patent was filed no-one thought that trading automatically on receipt of news was possible and yet here we are just nine years later with a granted patent on that very thing. It is truly a wonder how innovation is stimulated by the US patent system.
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