The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jun. 30, 2009
Filed:
Jun. 18, 2004
Martin Moser, Speyer, DE;
Martin Helm, Bad Schönborn, DE;
Uwe Riss, Heidelberg, DE;
Bernd Maier, Schwetzingen, DE;
Ali Becerikogullari, Schlüchtern, DE;
Uwe Bischoff, Köln, DE;
Martin Moser, Speyer, DE;
Martin Helm, Bad Schönborn, DE;
Uwe Riss, Heidelberg, DE;
Bernd Maier, Schwetzingen, DE;
Ali Becerikogullari, Schlüchtern, DE;
Uwe Bischoff, Köln, DE;
SAP AG, Walldorf, DE;
Abstract
A method and system are disclosed for automatically updating individual conditions associated with a pending conditional financial transaction. As the price of a financial instrument varies, a pending conditional financial transaction may be issued to cause the financial instrument to be bought or sold whenever its price satisfies certain specified conditions. In the field of common stock transactions, the disclosed method automatically updates a pending conditional sell order, called a stop loss order, upon the occurrence of several conditions, such as when the current stop loss order has expired, when the current price of one share of the stock has risen a predetermined percentage above the current stop loss value, or when the total value of all of the shares of the stock has increased beyond a predetermined percentage limit. When a stop loss order is updated, a new stop loss value is calculated based upon the current price and a percentage leeway in the price. The new stop loss order is then transmitted to an appropriate financial institution.