System and method for automated mobile alert-based trading mobile trade replication and detachment

Abstract

A system and method for automated securities trading is provided. The system includes a lead trader account database, a follower account database, and a trade determination system. Trade information is received from a lead trader and a listing of followers for the lead trader is retrieved from the lead account database. For each follower, their account at the follower account database is accessed to confirm that they desire to participate in the lead trader's trade and that they have enough funds to do so. The lead trader and follower's traders are then grouped together and traded as a single trade. The traded shares are then provided to the lead trader and followers at the average price of the trade.

What is claimed is: 
     
         1 . A system for automated securities trading, said system including:
 a trade follower contact database including a plurality of data structures each having a lead trader identification data electronically associated with data representing a plurality of trade follower identities;   a trade follower account database including at least one data structure electronically associated with a trade follower identity and including trade follower account data, trade follower account setting data, and trade follower electronic contact information associated with said trade follower identity;   an automated computerized trade determination system, wherein said automated computerized trade determination system receives an electronic trade initiation command from a lead trader, said electronic trade initiation command including data representing a lead trader desired trade including lead trader identification data, a lead trader share identification data, a lead trader share number data, and a share price data;   wherein, in response to the receipt of said electronic trade initiation command, said automated computerized trade determination system automatically uses said lead trader identification data to retrieve from said trade follower contact database said data representing said plurality of electronic trade follower identities previously associated with said lead trader identification data,   wherein for each of said plurality of trade follower identities, said computerized trade determination system retrieves from said trade follower account database, the trade follower account data, trade follower account setting data, and trade follower electronic contact information associated with said trade follower identity,   wherein said trade follower account data includes data representing a cash available for trading securities available to said trade follower,   wherein said computerized trade determination system automatically determines, for each of said plurality of trade follower identities associated with said lead trader identification data, a proposed follower trade data, wherein said proposed follower trade data is based on said lead trader share number, said share price, said trade follower account data, and said trade follower account setting data of said trade follower,   wherein each of said proposed follower trade data includes a trade follower share number and a trade follower stop price determined based on said share price and said follower account data of said trade follower,   wherein said computerized trade determination system, for each of said plurality of trade follower identities associated with said lead trader, electronically assembles data representing an electronic trade follower user interface for transmission to a remote trade follower electronic device, wherein said user interface includes and displays said proposed follower trade data,   
       wherein said user interface is transmitted to each of said plurality of trade follower identities associated with said lead trader using said trade follower electronic contact information associated with said trade follower,
 wherein said user interface includes an input for electronically initiating said proposed follower trade data and an input for modifying said proposed follower trade data, 
 wherein said computerized trade determination system receives, from a plurality of trade follower user interfaces transmitted to a plurality of remote trade follower electronic devices, data indicating that said input for electronically initiating said proposed follower trade has been activated, and 
 wherein said computerized trade determination system retrieves said trade follower share numbers associated with the proposed follower trades for which said input has been received, combines the number of share represented by said plurality of trade follower share numbers with said lead trader share number into a combined trade share number, and initiates execution of a trade of said combined trade share number of shares, 
 wherein said trade follower contact database additionally includes a data structure having said lead trader identification electronically associated with data representing a mobile non-follower identity, 
 wherein said trade follower account database includes at least one mobile non-follower data structure electronically associated with a mobile non-follower identity and including mobile non-follower account data, mobile non-follower account setting data, and mobile non-follower electronic contact information associated with said mobile non-follower identity, 
 wherein, in response to the receipt of said electronic trade initiation, said computerized trade determination system automatically uses said lead trader identification to retrieve from said trade follower contact database said data representing said mobile non-follower identity associated with said lead trader, 
 wherein said computerized trade determination system automatically determines, for said mobile non-follower identity associated with said lead trader, a proposed mobile non-follower trade data, wherein said proposed mobile non-follower trade data is based on said lead trader share number, said share price, said mobile non-follower account data, and said mobile non-follower account setting data of said mobile non-follower and includes a mobile non-follower share number; and 
 a mobile trade determination system receiving said proposed mobile non-follower trade data and electronically assembling data representing a mobile user interface for transmission to a remote mobile electronic device, wherein said mobile interface includes and displays said proposed mobile non-follower trade data, 
 wherein said mobile interface includes an input for electronically initiating a trade according to said proposed mobile non-follower trade data and an input for modifying said proposed mobile non-follower trade data, 
 wherein said computerized trade determination system receives, from said mobile user interface, data indicating that said input for electronically initiating a trade according to said proposed mobile non-follower trade data has been activated, and 
 
       wherein said computerized trade determination system retrieves said mobile non-follower share number associated with said proposed mobile non-follower trade data for which said input has been received and initiates execution of a trade of said mobile non-follower share number of shares. 
     
     
         2 . The system of  claim 1 , wherein said mobile user interface also includes an input to allow modification of said proposed mobile non-follower trade data and said computerized trade determination system initiates execution of a trade based on said modification. 
     
     
         3 . The system of  claim 1 , wherein said mobile user interface also includes an input to decline to initiate said trade. 
     
     
         4 . The system of  claim 2 , wherein said modification includes modifying said mobile non-follower share number. 
     
     
         5 . The system of  claim 2 , wherein said modification includes modifying a share price associated with said proposed mobile non-follower trade data 
     
     
         6 . The system of  claim 2 , wherein said modification includes modifying an order type associated with said proposed mobile non-follower trade data. 
     
     
         7 . A system for automated securities trading, said system including:
 a lead trader account database including a plurality of data structures each having a lead trader identification data electronically associated with data representing a plurality of trade follower identities;   a follower account database including at least one data structure electronically associated with a trade follower identity and including trade follower account data associated with said trade follower identity;   an automated computerized trade determination system, wherein said automated computerized trade determination system electronically receives an electronic trade initiation command including data representing a lead trader desired trade including lead trader identification data, a lead trader share identification data, a lead trader share number data, and a share price data,   wherein, in response to the receipt of said electronic trade initiation command, said automated computerized trade determination system automatically uses said lead trader identification data to retrieve, from said lead trader account database, a plurality of electronic trade follower identities previously associated with said lead trader identification data,   wherein said automated computerized trade determination system uses said plurality of electronic follower identities to retrieve, from said follower account database, trade follower account data including an available follower account balance associated with each of said plurality of electronic follower identities,   wherein said trade determination system sets a follower share number data equal to said lead trader share number data and multiplies said follower share number data with said share price data to determine a follower trade total price,   wherein said trade determination system sets an initial total trade share number equal to said lead trader share number data,   wherein, for each of said plurality of electronic follower identities, when said available follower account balance is electronically determined to be at least equal to said follower trade total price, said trade determination system increments said initial total trade share number by said follower share number, and   wherein, for each of said plurality of electronic follower identities, when said available follower account balance is electronically determined to be less than said follower trade total price said trade determination system divides said available follower account balance by said share price data to determine a reduced follower share number data for said follower identity and then increments said initial total trade share number by said reduced follower share number data,   wherein after said trade determination system processes each of said plurality of electronic follower identities, the final incremented value of said initial total trade share number is set as a total trade share number in real time,   wherein said trade determination system automatically electronically submits said lead trader share identification data and said total trade share number to an exchange for execution as a single trade in real time, and   wherein the shares obtained though said single trade are automatically electronically allocated to both a lead trader account in said lead trader database according to said lead trader share number and into a follower account in said follower account database associated with each of said plurality of electronic follower identities according to said follower share number;   a trade follower contact database including a plurality of data structures each having a lead trader identification data electronically associated with data representing a plurality of trade follower identities;   wherein said trade follower contact database additionally includes a data structure having said lead trader identification electronically associated with data representing a mobile non-follower identity,   wherein said follower account database includes at least one mobile non-follower data structure electronically associated with a mobile non-follower identity and including mobile non-follower account data, mobile non-follower account setting data, and mobile non-follower electronic contact information associated with said mobile non-follower identity,   wherein said computerized trade determination system automatically uses said lead trader identification data to retrieve from said trade follower contact database said data representing said mobile non-follower identity associated with said lead trader identification data,   wherein said automated computerized trade determination system automatically determines, for said mobile non-follower identity associated with said lead trader, a proposed mobile non-follower trade data, wherein said proposed mobile non-follower trade data is based on said lead trader share number data, said share price data, said mobile non-follower account data, and said mobile non-follower account setting data of said mobile non-follower and includes a mobile non-follower share number; and   a mobile trade determination system receiving said proposed mobile non-follower trade data and electronically assembling data representing a mobile user interface for transmission to a remote mobile electronic device, wherein said mobile interface includes and displays said proposed mobile non-follower trade data,   wherein said mobile interface includes an input for electronically initiating a trade according to said proposed mobile non-follower trade data and an input for modifying said proposed mobile non-follower trade data,   wherein said computerized trade determination system receives, from said mobile user interface, data indicating that said input for electronically initiating a trade according to said proposed mobile non-follower trade data has been activated, and   wherein said computerized trade determination system retrieves said mobile non-follower share number associated with said proposed mobile non-follower trade data for which said input has been received and initiates execution of a trade of said mobile non-follower share number of shares.