Automated trading

Abstract

Systems and methods for automated trading are disclosed. In one embodiment, a computer system may execute program instructions to generate dealable prices at which a first trading entity is willing to buy and/or sell an item. The system may then communicate the generated prices from the computer system to a trading system, causing the trading system to post the communicated prices. In another embodiment, the computer system may execute program instructions to determine to hit dealable prices for items posted to the trading system. For example, these actions may be performed for spot trades of a foreign currency pair, without requiring the use of a graphical user interface. In other embodiments, the computer system may use received prices to automatically generate a pricing forecast.

What is claimed is: 
     
         1 . A method, comprising:
 executing program instructions by a computer system to generate dealable prices at which a first trading entity is willing to buy and/or sell a foreign currency pair; and   communicating the generated prices from the computer system to a foreign exchange (FX) trading system accessible by a plurality of trading entities, wherein the communicating causes the FX trading system to post the communicated prices.   
     
     
         2 . The method of  claim 1 , wherein the dealable prices are generated automatically by the computer system, and wherein the generated prices are communicated to an application programming interface of the FX trading system. 
     
     
         3 . The method of  claim 1 , wherein the generated dealable prices include bid and ask prices for the foreign currency pair, and wherein the generated prices are not communicated to the FX trading system via a graphical user interface. 
     
     
         4 . The method of  claim 3 , wherein the generated prices are communicated in a machine-to-machine communication protocol to an application programming interface of the FX trading system. 
     
     
         5 . The method of  claim 3 , further comprising:
 executing program instructions by the computer system to generate additional dealable prices for the foreign currency pair; and   communicating the additional generated prices to the FX trading system via a graphical user interface of the FX trading system.   
     
     
         6 . The method of  claim 1 , further comprising:
 executing program instructions by the computer system to provide information from the first trading entity to the FX trading system, wherein the provided information is an indication to hit one or more dealable prices for the foreign currency pair posted to the FX trading system by another trading entity.   
     
     
         7 . The method of  claim 6 , wherein the first trading entity is a non-credit-extending within the FX trading system. 
     
     
         8 . The method of  claim 1 , wherein the generated prices are for a spot trade of the foreign currency pair. 
     
     
         9 . A method, comprising:
 executing program instructions by a computer system to determine to hit dealable prices for a foreign currency pair posted to a foreign exchange (FX) trading system; and   executing program instructions by the computer system to provide information from a first trading entity to the FX trading system, wherein the provided information is an indication to hit one or more of the posted dealable prices for the foreign currency pair.   
     
     
         10 . The method of  claim 9 , wherein the determination to hit the dealable prices is performed automatically by the computer system, and wherein the indication is provided to an application programming interface of the FX trading system. 
     
     
         11 . The method of  claim 10 , wherein the FX trading system also includes a graphical user interface. 
     
     
         12 . The method of  claim 9 , wherein the indication is provided to the FX trading system without the use of a graphical user interface. 
     
     
         13 . The method of  claim 9 , wherein the indication is provided via a machine-to-machine communication protocol to an application programming interface of the FX trading system. 
     
     
         14 . The method of  claim 9 , wherein the posted dealable prices are for spot trades of the foreign currency pair. 
     
     
         15 . The method of  claim 9 , wherein the indication is to hit one or more dealable bid prices. 
     
     
         16 . The method of  claim 9 , wherein the FX trading system is configured to anonymously match spot trades of the foreign currency pair. 
     
     
         17 . A method, comprising:
 receiving, at a computer system, a plurality of current prices for a foreign exchange instrument; and   the computer system executing program instructions to automatically generate a pricing forecast for the foreign exchange instrument.   
     
     
         18 . The method of  claim 17 , further comprising the computer system using the forecast to select and hit dealable prices for the foreign exchange instrument. 
     
     
         19 . The method of  claim 17 , wherein the foreign exchange instrument is a currency pair, and wherein the plurality of current prices are received via a machine-to-machine protocol. 
     
     
         20 . The method of  claim 17 , wherein the plurality of current prices are received in response to a request for prices made to an application programming interface of a foreign exchange trading system.