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The Trading Technologies International, Inc. patent solves the following problem:
In recent years, a trend toward electronic trading has become well-on, causing a major turn after another to replace or at least supplement the traditional open outcry, where a trade made face to face, with automated, electronic systems that automatically match bids and offers. While the motivation behind the use of electronic trading that vary from market to market, greater efficiency and number some consideration.
Our analysis of this patent is as follows:
Trading Technologies International, Inc.’s patent US 7640206 B1 deals with System and method for event-based trading.
A system and method for news-based trading developed. According to one method, a businessman can pre-define a trading strategy, including a number of trading rules that apply based on a comparison of one or more estimated values event the individual values factually released later time. The example method further includes, upon receiving one or more of the actual principles of events by a user input or directly from external sources, comply with one or more predefined trading rules chosen based on comparing the received values factually to the respective estimated values signs.
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