JP2003281369A - Trade planning device and automatic trading system - Google Patents

Abstract

<P>PROBLEM TO BE SOLVED: To provide a trade planning device and an automatic trading system capable of accumulating able trader's experience and techniques. <P>SOLUTION: The trade planning device is provided with a slice time frame setting part 7 for dividing the total transactions of securities into a plurality of slices each of which has prescribed transactions and setting a table having frames of slices and time, a trade pattern setting part 8 for setting a trade pattern regulating time lapse points set at prescribed intervals from the start of a transaction and transaction prices for performing transactions on respective time lapse points in each slice, and a plan display part 9 for displaying the trade patterns of respective slices set by the trade pattern setting part 8 in the table of slice-time frames set by the slice time frame setting part 7. <P>COPYRIGHT: (C)2004,JPO

Description

Detailed Description of the Invention

[0001]

BACKGROUND OF THE INVENTION 1. Field of the Invention The present invention relates to an apparatus and a system for assisting a trader who is requested by a fund manager to buy or sell securities and executes the securities as effectively as possible.

In particular, the present invention monitors the market trend of the market value of securities, makes the target as close as possible to the target set by the trader, and automatically executes the trade when the conditions are met, and , A trade planning device that assists traders in setting trade plans.

[0003]

2. Description of the Related Art Generally, a trading method based on evaluation of VWAP is known.

VWAP is Volume Weighted Average
The abbreviation of Price is the weighted average price (trading volume weighted average price) of the prices established in the auction market of the Tokyo Stock Exchange on that day, with the trading volume for each price. The VWAP is mainly used as an execution price target value of an institutional investor as an average contract price closer to a transaction entity.

VWAP is calculated as follows.

VWAP = (trading price on the day) / (trading volume on the day) The trading method based on the evaluation of VWAP is intended to aim for an average contract, and for example, take it on a close day on a closed day. It avoids the risk of selling all the securities you have.

The trading method based on the VWAP evaluation is evaluated by the fund manager as a trading method that does not cause a large loss, and the number of traders requesting the trading based on the VWAP evaluation is increasing.

A conventional trading method based on the evaluation of VWAP will be described by taking a stock as an example.

Trading based on the evaluation of VWAP is
Divide the total amount of shares to be traded, perform more trades when the market is active, trade less when the market is stagnant, and High values of VWAP are desirable.

Conventionally, from fund manager to VWAP
When there is a request for trading based on the evaluation of
A trader first divides the total trading volume into a plurality of slices each having a predetermined trading volume at an appropriate ratio (a stock that has been divided into a predetermined trading volume so as to trade one slice at a time,
Securities).

Actually, since it is not known how much trading volume will occur on the day and at what time period trading will occur, based on past contract data, the trader can trade at what time and at what time. Was analyzed, and slices were prepared accordingly, and the trade was executed for each slice according to the time zone.

Trading of each slice is required to be executed as profitably as possible. Therefore, instead of simply buying and selling each slice at a fair price, you can buy stocks that are likely to rise in price at an early stage, wait as long as possible to sell, and buy stocks that are likely to fall in price. It is necessary to perform detailed operations such as waiting as long as possible and selling early. In order to postpone the trade, the trader had to diligently reset the bid while watching the market trend.

As described above, conventionally, in order to perform slice division based on a trader's experience and intuition and to make an advantageous trade, the trader himself constantly monitors the market trend for each slice and diligently sets a limit price. They exchanged them and executed the trading when they saw it at the appropriate time.

[0014]

However, in the conventional trading method, since the traders themselves have divided the slices and executed trades for each slice based on the experience and intuition of each trader, the experience and trading of a competent trader is required. I couldn't make use of the technology regarding.

[0015] Therefore, an object of the present invention is to provide a trade planning device and an automatic trading system which can accumulate and utilize the experience and technology of a competent trader.

On the other hand, as described above, in the past, the trader itself monitored the market trend and traded appropriately, but instead of this, a certain condition set by the trader using computer technology became available. In this case, an automatic trading system that automatically executes trading can be considered.

However, it is extremely difficult to determine when to execute a transaction.

For example, the judgment as to whether or not a trade should be executed for a certain market price is completely opposite depending on whether the stock is in the middle of price increase or price decrease. For example, if you decide to postpone the trading point a little later, the trader's actions to take will be divided into various ways, so if you do not set the limit bid method in advance, Automatic trading cannot be realized.

As described above, when trying to realize an automatic trading system, it is extremely important to set the conditions under which the trade should be executed. Generally, such condition setting is a trader's trading regarding trading. It will be a complicated task because it reflects technology and thinking patterns.

[0020] Therefore, the problem to be solved by the present invention is to provide a trade planning device and an automatic trading system which can easily perform planning for automatic trading.

[0021]

A trade planning device according to the present invention divides a total trading amount of securities into a plurality of slices each having a predetermined trading amount, divides a trading time into predetermined intervals, and slices and time. Slice time frame setting unit for setting a table having a frame, and for each of the slices, the time elapsed point set at a predetermined interval from the start of the transaction and the transaction price at which the transaction should be executed at each time elapsed point are defined. A trade pattern setting unit that sets the trade pattern set, and a plan display that displays the trade pattern of each slice set by the trade pattern setting unit inside the table of slice time frames set by the slice time frame setting unit And a part.

According to the present invention, the slice time frame setting unit divides the total trading amount of securities into slices, and divides the trading time of a day into predetermined intervals. You can set the table. Then, the trading pattern section defines the trading points for each slice by defining the time points set at a predetermined interval from the start of trading for each slice and the transaction price at which the trade should be executed at each time point. The way of thinking, strategy, etc. (trade pattern) can be set. The slice and time table set as described above, and the trade pattern of each slice are visually displayed by the plan display unit, and the transaction status of each slice can be confirmed at a glance over time. .

In another trade planning apparatus according to the present invention, a step in which the trade pattern setting unit waits for a predetermined length of time for each slice and a transaction is not established between the wait times. It is characterized by setting a transaction price.

According to the present invention, the trade pattern setting unit causes each slice to set a waiting time of a predetermined length and a stepwise trading price when a trade is not concluded during the waiting time. Therefore, it is possible to set a plurality of tradable transaction prices for one slice. As a result, trading can be more advantageously executed by changing the transaction price in stages.

In another trade planning apparatus according to the present invention, the trade pattern setting unit sets the time lapse points set at a predetermined interval from the start of trading for each slice and the market at each time lapse point. The feature is that a trade pattern that defines the upper limit of the trading volume with respect to the trading volume is set.

According to the present invention, the trade pattern setting unit can define the upper limit of the trading volume with respect to the trading volume of the market at the time elapsed point set at a predetermined interval from the start of trading. As a result, trading can be executed by a trading method called so-called volume binding, that is, a trading method of trading with a quantity within a predetermined percentage of the volume of the market.

In still another trade planning apparatus according to the present invention, the trade pattern setting unit sets a predetermined price calculated from a bid or ask price of a target security, or a current price or a quote. The transaction price is set as a transaction price to be executed.

According to the present invention, the trade pattern setting unit sets, as the transaction price, the sell or buy price of the target securities, or a predetermined price calculated from the current price or the quote. You can Thereby, it is possible to execute the transaction when the market price reaches the indicative price or around the indicative price by referring to the market trend such as the ask price or the bid price. If the indicative price is set as a target, it is possible to set a transaction price that is reasonably likely to reach, and it is possible to execute trading more favorably.

In still another trade planning apparatus according to the present invention, the trade pattern setting unit is capable of registering the set trade pattern and comprises a trade pattern database for storing and managing the registered trade pattern. It is a feature.

According to the present invention, since various trade patterns can be registered in the trade pattern database, the trading technology of effective traders can be accumulated,
It can be used for other trading.

In another trade planning apparatus according to the present invention, the trade pattern database can set an attribute including at least one of trader name, commodity classification, and trading strategy classification for each registered trade pattern. A predetermined trade pattern can be searched by the attribute.

According to the present invention, the trading techniques of the competent traders are further systematically classified and classified into attributes such as trader name, commodity classification, and trading strategy classification, so that necessary types of trade patterns can be obtained. It can be acquired and the trading technology can be further utilized.

In another trade planning apparatus according to the present invention, the trade pattern database stores trade patterns that a user frequently uses, and the trade pattern setting unit displays a list of the frequently used trade patterns, It is characterized by allowing the user to select.

According to the present invention, when the same trader repeatedly uses the same trade planning device, the trade pattern setting unit displays the trade patterns frequently used by the trader in a list and selects the trade pattern for the trader. As a result, trading planning can be performed conveniently.

In another trade planning apparatus according to the present invention, the slice time frame setting section has a slice pattern storing means for storing a plurality of distribution patterns of the trading volume of each slice, and any of the stored slices. It is characterized by allowing the user to select a distribution pattern.

According to the present invention, the slice time frame setting unit has a slice pattern storing means for storing a plurality of distribution patterns of the transaction amount of each slice, and one of the stored slice distribution patterns is selected by the user. Let This saves the trader the trouble of investigating and analyzing past trading patterns, and allows the trader to easily perform slice division.

In another trade planning apparatus according to the present invention, the slice time frame setting unit allows the user to specify the number of slices, the leaning ratio, and the closing ratio, and removes the leaning and closing slices. The feature is that the amount is equally divided and a slice is automatically generated.

According to the present invention, the slice time frame setting unit gives the user the number of slices, the ratio of deviation, and
The closing ratio is specified, and the remaining transaction volume is equally divided and slices are automatically generated. This allows the user to easily perform slice division.

In another trade planning apparatus according to the present invention, the trade pattern setting unit or the plan display unit directly inputs the displayed trade pattern,
It is characterized by having an editing means for providing at least one function of deletion, copying, and pasting.

According to the present invention, the trade pattern setting unit or the plan display unit has editing means for providing at least one function of direct input, deletion, copying, and pasting to the displayed trade pattern. Therefore, the user can freely edit the trade pattern displayed on the trade pattern setting section or the plan display section. In particular, the trade pattern of the day is displayed in a visually easy-to-understand manner on the plan display section, so that the user can intuitively edit the trade pattern.

In another trade planning apparatus according to the present invention, the plan display unit displays a limit price panel on which the limit price of the transaction price can be set by selecting, and allows the user to set the transaction price of the trade pattern. .

According to the present invention, regarding the setting of a particularly important limit price, the plan display unit displays the limit price panel which allows the limit price of the transaction price to be set by selection, and allows the user to set the transaction price of the trade pattern. Thereby,
The user can easily edit the trading price of the trading pattern by selecting the type of limit price. Here, the limit price of the limit price panel refers to a complicated condition determination based on the current price or the indicative price of the stock, and a limit price set by a predetermined method as a result of the condition determination. In this way, by including a complicated condition determination and setting method in the limit price, the labor of the trader in setting the limit price is reduced, and the technique of setting the limit price in the trader is utilized.

The automatic trading system according to the present invention is
Enter the market value of the securities or the market value of the securities and the market volume, specify the transaction price according to the trade pattern of each slice set by any of the above trade planning devices, or specify the market value of the securities and the current It is characterized by having an automatic trading device which collates with the setting conditions of the trade pattern of slices and automatically outputs a trade execution command for slices that match the setting conditions.

According to the present invention, the automatic trading device inputs the market price or the market price and the trading volume of the securities, collates with the current setting conditions of the trade pattern of each slice set by the trade planning device, and sets the setting conditions. For slices that match with, the transaction execution command is automatically output, or the transaction price (including the limit price) is changed. As a result, it is possible to monitor the market trend according to the trade pattern set by the trade planning device and execute the trade according to the trade pattern.

[0045]

BEST MODE FOR CARRYING OUT THE INVENTION Embodiments of a trade planning device and an automatic trading system according to the present invention will be described below.

FIG. 1 shows the configuration of an automatic trading system according to an embodiment of the present invention.

The automatic trading system 1 of FIG. 1 is composed of one trade planning device 2 and one automatic trading device 3.

In addition to the automatic trading system 1, FIG.
The user of the automatic trading system 1, the communication destination, etc. are shown. That is, the trader 4 who uses the trade planning device 2, the broker 5 or the market 6 where the automatic trading device 3 issues a trade execution command (order).
It is shown. There may be no broker 5, in which case the orders will be placed directly on the market 6. In order to show this, the broker 5 is shown in parentheses in FIG.

The trade planning device 2 internally has data processing means such as a slice time frame setting section 7, a trade pattern setting section 8, a plan display section 9 and an input / output means 10. Further, the trade planning device 2 has storage means such as a slice pattern storage means 11 and a trade pattern database 12.

The above-mentioned processing means may be composed of a plurality of dedicated hardware for performing each processing. However, when one computer is controlled by a program to perform each processing, a step for performing such individual processing is performed. Computer.

The automatic trading device 3 has a storage means 13 for storing the trading pattern received from the trading planning device 2.

The automatic trading system 1 is not limited to the case where it comprises one trade planning device 2 and one automatic trading device 3 as shown in FIG.

That is, the trading plan creation is distributed to a plurality of trade planning devices 2, the slice pattern storage means 11 and the trade pattern database 12 used by each trade planning device 2 are centralized, and these are connected by a communication line. Various modifications that can be made by those skilled in the art are also within the scope of the present invention.

For example, the automatic trading system 1 shown in FIG.
Another configuration example of is shown.

In the example of the automatic trading system 1 shown in FIG. 2, a plurality of trade planning devices 2, a single automatic trading device 3, a centralized slice pattern storing means 11 and a centralized slice pattern storage means 11 are centralized by a LAN 14. The trade pattern database 12 is connected. The trader 4, broker 5, and market 6 are the same as in the example of FIG.

In the case of FIG. 2, since the slice pattern storage means 11 and the trade pattern database 12 are centralized, each trade planning device 2 is
Slice time frame setting unit 7, trade pattern setting unit 8,
It has only the plan display section 9 and the input / output means 10.

Next, each constituent element of the automatic trading system 1 will be described.

The trade planning device 2 is used when a trader 4 requested by a fund manager (not shown) to trade securities (hereinafter referred to as "stock") plans the trade of the stock. It is a device that supports the planning.

The automatic trading device 3 is a device for automatically executing the planning set by the trade planning device 2 as planned. The automatic trading device 3 outputs an instruction to change a limit price (transaction price) or an instruction to execute an order according to a trade plan.

The slice time frame setting unit 7 of the trade planning apparatus 2 is means for setting a slice division and a time frame and creating a theoretical table that is a place for setting a trading plan of each slice.

The slice time frame setting unit 7 divides the total trading volume of stocks into a plurality of slices each having a predetermined trading volume, and also divides the trading time of a day into predetermined intervals, and has a slice and time frame. Set the table. The number and ratio of slices can be set freely.

Preferably, the slice time frame setting unit 7 is
It is possible to store a slice distribution pattern in the slice pattern storage means 11 and allow the trader 4 to select a slice distribution pattern of similar stocks.

The slice time frame setting unit 7 can also cause the trader 4 to specify only the number of slices, the leaning ratio, and the closing ratio.

In this case, the close and close slices are set, and then the remaining transaction amount is equally divided by the remaining number of slices to automatically generate the slices.

The trade pattern setting unit 8 is means for setting a trading method and a strategy (a representation of these is a "trade pattern") for each slice.

The trade pattern setting unit 8 defines, for each slice, the time lapse points set at predetermined intervals from the start of the trade and the transaction price at which the trade should be executed at each time lapse point.

Here, the predetermined interval is a waiting time for waiting for a desired price, and the time lapse point is a time point when the predetermined interval is reached. The waiting time is preferably set to a fixed length of time, but the waiting time can be freely set. The transaction price is the price at which a transaction order (transaction execution order) is issued when the transaction price is reached.

The trade pattern setting section 8 can set a waiting time of a predetermined length and a stepwise transaction price when a transaction is not established during the waiting time.

For example, at the time of starting trading, a desired favorable trading price is set, a more realistic trading price is set with the passage of time, and finally an order is executed at the market price in the future. You can set the transaction method such as.

Further, the trade pattern setting unit 8 defines, for each slice, a time elapse point set at a predetermined interval from the start of the transaction and an upper limit of the trading volume with respect to the market volume at each time elapse point. The pattern can be set. With such a setting, it is possible to trade by a predetermined percentage of the volume of the market. This is called a "value-bound transaction method", which allows you to obtain VWAPs that are close to the market VWAP.

Further, the trade pattern setting unit 8 can set a trading price such as a sell or buy price of a target stock, or a current price (market price) or a predetermined price calculated from the quote. it can. Since the market price of a stock is likely to approach the indicative price, setting the indicative price to the transaction price allows waiting for a reasonably favorable transaction price.

The plan display unit 9 is means for visually displaying the trade pattern of each slice set by the trade pattern setting unit 8 on the table of slice time frames set by the slice time frame setting unit 7. The detailed screen will be described later.

The trade pattern setting unit 8 or the plan display unit 9 can have an editing means for editing the trade pattern of each slice displayed in the slice time frame table.

The editing means of the trade pattern setting unit 8 or the plan display unit 9 provides at least one function of directly inputting, deleting, copying and pasting the displayed trade pattern.

The plan display unit 9 displays a limit price panel in which the limit price of the transaction price can be set by selecting it when editing the transaction price portion of the trade pattern of each slice displayed in the slice time frame table. Is preferable.

Among trade patterns, setting of limit prices is important as a method or strategy of trading. There is often a need to edit this limit setting. The limit price panel displays the type of limit price as a button on the trader 4, and by selecting this, the selected limit price is input to the relevant portion of the trade pattern.

The input / output unit 10 is a unit that forms an interface between the trade planning device 2 and the trader 4.

The trade pattern database 12 is a database for storing and managing various trade patterns.

The trade pattern database 12 can register the trade patterns set by the trader 4. The registered trade pattern is
You can give it any name. Preferably, the registered trade pattern allows setting attributes including at least one of trader name, commodity classification, and trading strategy classification. The attribute setting method makes it possible to utilize, for example, a trader's trading method for a specific product. In addition, even for the same trader and the same product, various trade patterns can be managed and searched according to the classification of trading strategies such as how much to compromise with the market trend in order to execute the trade advantageously.

When the trade pattern setting section 8 has the trade pattern database 12 and the slice time frame setting section 7 has the slice pattern storing means 11 in the claims of the present application, as shown in FIG. Even when the slice pattern storage unit 11 and the trade pattern database 12 exist separately and independently, the trade pattern setting unit 8 and the plan display unit 9 use them, and are therefore referred to as “having”.

Below, the flow of processing by the automatic trading system 1 will be explained using a screen example of a computer along with the flow of processing.

FIG. 3 shows an initial screen of the trade planning device 2. In this initial screen, a display part 20 by the slice time frame setting part 7, a display part 21 by the trade pattern setting part 8 and a display part 22 by the plan display part 9 are displayed on the same screen. The display screens by the slice time frame setting unit 7, the trade pattern setting unit 8, and the plan display unit 9 may be separate screens, but since they are convenient in use, they are displayed on the same screen as shown in FIG. It is preferable to show the display portion.

FIG. 4 shows an example of a screen where a table having slices and time frames is set by the slice time frame setting unit 7.

As shown in FIG. 4, in the display portion 20 by the slice time frame setting unit 7, the number of slices in the morning is 17,
17 afternoon slices, 8 am trading start time
When information such as 48, the trading start time in the afternoon is 12:25, and the interval of the time axis is 7 minutes is input, a table having slices and time frames is created in the display portion 22 by the plan display unit 9 in FIG. Items on the horizontal axis of the table (column items) indicate divided slices 1, 2, ..., 34 (34 in total), and items on the vertical axis of the table (row items) 8:48, 9:02. , ... indicates time.

In this state, a blank cell portion is an area into which a program indicating the trade pattern of each slice is input.

FIG. 5 shows an example of a screen where a slice trade pattern is being entered in the table having the slice and time frames.

As shown in FIG. 5, a plurality of trade patterns registered as "Pattern Name" are selectably displayed on the display portion 21 by the trade pattern setting section 8. The registered trade patterns are stored and managed in the trade pattern database 12, and are searched by name or attribute as required, or those frequently used by the trader who is the user are searched and displayed.

In the example shown in FIG. 5, the trade pattern "VWAPA" is selected, and the time interval (waiting time) is 1 in the right column.
The content of the trade pattern in which the transaction price at each time lapse point is set in 20 seconds is shown.

If the trade pattern having this content is acceptable, the button "SET" is clicked to display the trade pattern on the display portion 22 by the plan display portion 9.
Is moved to the corresponding slice and input.

As described above, for all the slices, the trade pattern is set on the display portion 21 by the trade pattern setting portion 8 and sequentially input to the display portion 22 by the plan display portion 9.

FIG. 6 shows an example of a screen in which trade patterns of all slices are set.

As shown in FIG. 6, when the trade patterns of all the slices are input, the plan display unit 9 displays a table having a frame of slices and time, and each slice in the cell portion of the table. The trade pattern of is displayed.

As is clear from FIG. 6, it can be visually and clearly understood that the trade pattern of each slice is executed over time. Also, for each slice, it is possible to see at a glance what kind of waiting time and what kind of transaction price to wait.

In this case, it should be noted that it is possible to set a state in which a plurality of slices are waiting for different transaction prices at different times at the same time. In such a state, it is a heavy burden for the trader to execute the trade of each slice while monitoring the market trend, and the number of slices that one trader can execute the trade is limited. On the other hand, according to the present invention, since the order according to the trade pattern can be executed by the automatic trading device 3, if the trade pattern is set in advance for each slice, the trade is executed for many slices. be able to.

The trade planning device 2 of the present invention provides an editing means capable of directly editing the trade pattern displayed on the display portion 21 by the trade pattern setting portion 8 and the display portion 22 by the plan display portion 9. providing.

This editing means enables direct input, deletion, copying, pasting, etc. of the displayed trade pattern. For example, a particular trade pattern can be moved or copied as a block to another part of the table.

The editing means can also directly edit the content of a specific cell of a specific trade pattern.

FIG. 7 shows a limit price panel that assists an editor (trader) in easily specifying a limit when editing a limit price of a specific cell.

The limit price designated on the limit price panel can be designated by one button, but the limit price can be a limit price including complicated condition determination and a limit price setting method.

For example, the button "ASK / BID '" in the panel can be used to set the limit price for both [Sell] and [Buy]. There is a ask price for the issue, and the current price = the ask price or the bid price = the ask price-1 [Tick] (Tick
Is the unit of price increase / decrease), it is possible to set the transaction price including the judgment that the ask price or the ask price-1 [Tick] is set as the sell limit price and the setting method of the limit price. .

As described above, by placing the limit price including the setting of the limit price by a predetermined method according to a plurality of condition judgments and judgment results on each button of the limit price panel, the trader can perform a troublesome limit setting method. No need to code each time.

Further, the condition judgment and setting method for the limit price can be accumulated as a trading technique.

As described above, the trade planning device 2 determines the trade plan by dividing the slice, setting the trade pattern of each slice, editing the trade pattern, and the like.

As shown in FIG. 1 or 2, the confirmed trade plan is sent from the trade planning device 2 to the automatic trading device 3 and stored in the storage means 13 for storing the trade pattern.

The automatic trading device 3 inputs the stock market price or the stock market price and the market trading volume in real time, and collates the stock market price with the current setting conditions of the trade pattern of each slice of the trade plan. As a result of the collation, with respect to the slice that matches the set condition, a trade execution command is automatically output to the broker 5 or directly to the market 6 to execute the order. For slices that do not execute orders, the transaction price (limit price) is changed according to the transaction price set in the trade pattern.

The automatic trading device 3 can simultaneously judge a plurality of slices that have been designated for different limit prices at the same time. As a result, it becomes possible to make a plurality of condition judgments that cannot be made by one trader in the past.

[0107] Further, the limit price is changed, the transaction price is designated, or the transaction price is specified in the unit of minutes or seconds, which cannot be achieved by humans.
Orders can be executed.

[0108]

As is clear from the above description, according to the trade planning apparatus and the automatic trading system of the present invention, the slice distribution pattern and the trade pattern can be stored and managed in the slice pattern storage means and the trade pattern database, respectively. Further, it is possible to store the limit price including complicated condition judgment and limit price setting method in the limit price of the limit price panel. This will allow them to accumulate the experience and skills of talented traders and make use of it by other traders.

Further, according to the trade planning apparatus and the automatic trading system of the present invention, the automatic trading apparatus specifies the transaction price according to the trend of the market according to the trade pattern (including setting of the limit price) or starts the transaction. For each slice, the price of securities on the market is constantly monitored, and an order execution instruction is immediately output for the slice that matches the setting condition of the trade pattern. This saves the trader's efforts to monitor market trends, exceeds the range that can be monitored and judged by humans, and replaces the limit price in minutes or seconds and specifies the transaction price. Or, the order can be executed.

Further, according to the trade planning apparatus of the present invention, the trader does not need to perform coding for setting the trade pattern. That is, the slice time frame setting unit can easily create a slice and time table, the trade pattern setting unit can select and register the trade pattern in the table, and the editing means can correct / change the trade pattern with a small amount of labor. it can. Thereby, a complicated trading method can be set by a simple operation.

[Brief description of drawings]

FIG. 1 is a block diagram showing the configuration of an automatic trading system according to an embodiment of the present invention.

FIG. 2 is a block diagram showing an automatic trading system according to another configuration example of the embodiment of the present invention.

FIG. 3 is a diagram showing an example of an initial screen of the trade planning device according to the present invention.

FIG. 4 is a diagram showing an example of a screen where a table having slices and time frames is set by a slice time frame setting unit.

FIG. 5 is a diagram showing an example of a screen in which a slice trade pattern is being entered in a table having a slice and time frame.

FIG. 6 is a diagram showing an example of a screen in which trade patterns of all slices are set.

FIG. 7 is a diagram showing an example of a limit panel screen for supporting editing of a limit price of a specific cell.

[Explanation of symbols]

1 Automatic trading system 2 Trade planning equipment 3 Automatic trading device 4 traders 5 brokers 6 market 7 slice time frame setting section 8 Trade pattern setting section 9 Plan display section 10 Input / output means 11 Slice pattern storage means 12 Trade Pattern Database Storage means for storing 13 trade patterns

   ─────────────────────────────────────────────────── ─── Continued front page    (72) Inventor Tamotsu Nozaki             2-2-1 Otemachi, Chiyoda-ku, Tokyo Stock             Inside the Nomura Research Institute (72) Inventor Takaaki Nobumoto             2-2-1 Otemachi, Chiyoda-ku, Tokyo Stock             Inside the Nomura Research Institute

Claims (12)

[Claims] 1. A slice time frame setting unit configured to divide a total trading amount of securities into a plurality of slices each having a predetermined trading amount, divide a trading time into predetermined intervals, and set a table having slices and time frames. With respect to each of the slices, a trade pattern setting unit that sets a trade pattern that defines a transaction price at which a transaction is to be executed at each time elapsed point and each time elapsed point set at a predetermined interval from the transaction start, Inside the table of the slice time frame set by the slice time frame setting unit, there is a plan display unit for displaying the trade pattern of each slice set by the trade pattern setting unit, and a trade planning device characterized by the following: . 2. A slice time frame setting unit for dividing the total trading amount of securities into a plurality of slices each having a predetermined trading amount, dividing the trading time into predetermined intervals, and setting a table having slices and time frames. A trade pattern setting unit for setting a waiting time of a predetermined length for each of the slices and a stepwise trade price when a trade is not concluded during the waiting time; and the slice time frame setting unit. And a plan display unit that displays the trade pattern of each slice set by the trade pattern setting unit inside the table of slice time frames set by the trade planning apparatus. 3. A slice time frame setting unit for dividing the total trading amount of securities into a plurality of slices each having a predetermined trading amount, dividing a trading time into predetermined intervals, and setting a table having slices and time frames. With respect to each of the slices, a time lapse point set at a predetermined interval from the start of trading, and a trade pattern setting unit for setting a trade pattern defining an upper limit of the trading volume with respect to the volume of the market at each time lapse point, , A plan display unit that displays a trade pattern of each slice set by the trade pattern setting unit inside the table of slice time frames set by the slice time frame setting unit, and Planning device. 4. The trade pattern setting unit sets a predetermined price calculated from a bid or ask price of the target securities, or a present price or a bid price, as a trade price at which the trade should be executed. The trade planning device according to claim 1, wherein the trade planning device is set. 5. The trade pattern setting unit is capable of registering a set trade pattern, and comprises a trade pattern database for storing and managing the registered trade pattern. The trade planning device according to any one. 6. The trade pattern database can set an attribute including at least one of a trader name, a product category, and a trading strategy category for each registered trade pattern, and a predetermined trade pattern can be set by the attribute. The trade planning device according to claim 5, wherein the trade planning device is searchable. 7. The trade pattern database stores trade patterns that are frequently used by users, and the trade pattern setting unit displays a list of the trade patterns that are frequently used by the user so that the user can select the trade patterns. The trade planning device according to claim 5. 8. The slice time frame setting unit has a slice pattern storage means for storing a plurality of distribution patterns of transaction volume of each slice, and allows the user to select one of the stored slice distribution patterns. The trade planning device according to any one of claims 1 to 7, which is characterized. 9. The slice time frame setting unit allows the user to specify the number of slices, the leaning ratio, and the closing ratio, and automatically divides the slices by equally dividing the transaction amount excluding the leaning and closing slices. It produces | generates, The trade planning apparatus in any one of Claims 1-7 characterized by the above-mentioned. 10. The plan display unit or the trade pattern setting unit has an editing unit that provides at least one function of direct input, deletion, copying, and pasting with respect to the displayed trade pattern. The trade planning device according to any one of claims 1 to 9. 11. The plan display unit displays a limit price panel on which a limit price of a transaction price can be set by selecting,
The trade planning device according to claim 1, which allows a user to set a transaction price of a trade pattern. 12. A market price of securities, or a market price of securities and market volume, and the market price of the securities and each slice set by the trade planning device according to any one of claims 1 to 11. Specify the transaction price according to the trade pattern, or compare the market price of the securities with the current setting conditions of the trade pattern of each slice, and automatically output the execution order of the trade for the slices that match the setting conditions. An automatic trading system having an automatic trading device.