Market Indicator Process and Method

Abstract

A market indicator process, residing on a server, predicts an opening index price of a security index including at least two discrete securities. A trade monitoring process monitors at least a portion of the trading of the discrete securities that occur outside of a regular trading session. A closing price variation calculation process, responsive to the trade monitoring process, calculates the predicated opening index price of the security index for the beginning of the next regular trading session with respect to a closing index price of the security index at the end of the previous regular trading session. The index prices are indicative of the cumulative value of the discrete securities.

1 - 30 . (canceled) 
     
     
         31 . A computer system for predicting an opening index price of a security index that includes a plurality of different securities, the system comprising:
 a processor configured to:
 monitor at least a portion of trading of securities in the index occurring after a close of a regular trading session of the securities; and 
 calculate a predicted opening index price of the security index for the beginning of the next regular trading session based on a closing index price of the security index at the end of the previous regular trading session and the monitored trading. 
   
     
     
         32 . The computer system of  claim 31  wherein the processor configured to calculate, calculates the predicted opening index price of the security index based on the closing index price of the security index and prices of the securities from the close of the regular trading session. 
     
     
         33 . The computer system of  claim 31  wherein the computer is configured to monitor at least a trade price of each monitored trade of the securities in the index. 
     
     
         34 . The computer system of  claim 31  further configured to:
 receive filtered trade prices of the securities, with the filtered trade prices excluding trades that are considered bad trades and with the trades occurring after the close of the regular trading session. 
 
     
     
         35 . The computer system of  claim 31  wherein the securities are stock securities in publically traded companies. 
     
     
         36 . The computer system of  claim 31  wherein the securities include stocks, bonds, options and futures. 
     
     
         37 . The computer system of  claim 31  wherein the computer is configured to filter from trades from the portion of trading based on a defined criterion trades that are determined to be had trades that occur after the close of the regular trading session. 
     
     
         38 . A computer implemented method for predicting an opening index price of a security index that includes a plurality of securities, the method comprising:
 monitoring by one or more computers at least a portion of the trading of the discrete securities that occur after a close of a regular trading session; and   calculating by one or more computers the predicted opening index price of the security index for the beginning of the next regular trading session with respect to a closing index price of the security index at the end of the previous regular trading session.   
     
     
         39 . The method of  claim 38  further including;
 calculating by the one or more computers the predicted opening index price of the security index based on the closing index price of the security index and trading activity of the securities after close of the regular trading session. 
 
     
     
         40 . The method of  claim 38  wherein monitoring at least a portion of the trading includes monitoring at least a trade price of each monitored trade of the securities in the index. 
     
     
         41 . The method of  claim 40  further comprising receiving by the one or more computer filtered trade prices of the securities that exclude those trades that are determined to be had trades in the securities that occur after the regular trading session. 
     
     
         42 . The method of  claim 38  wherein the securities are stock securities in publically traded companies. 
     
     
         43 . The method of  claim 38  wherein the securities include stocks, bonds, options and futures. 
     
     
         44 . The method of  claim 38  further comprising:
 filtering from the portion of trading based on a defined criterion trades that are determined to be bad trades in the securities that occur outside of the regular trading session. 
 
     
     
         45 . A computer program product stored on a computer readable storage device the computer program product comprising instructions to cause a processor to:
 monitor at least a portion of the trading of the discrete securities that occur after a close of a regular trading session; and   calculate the predicted opening index price of the security index for the beginning of the next regular trading session with respect to a closing index price of the security index at the end of the previous regular trading session.   
     
     
         46 . The computer program product of  claim 45  further comprising instructions to cause a processor to:
 calculate the predicted opening index price of the security index based on the closing index price of the security index and trading activity of the securities that occurs outside of the regular trading session, 
 
     
     
         47 . The computer program product of  claim 45  wherein the instructions to monitor, monitors trades using a defined criteria after the close of the regular trading session for each of the securities in the index, 
     
     
         48 . The computer program product of  claim 45  further comprising instructions to cause a processor to
 filter trade values to remove any bad trades involving the securities that occurs after the regular trading session, 
 
     
     
         49 . The computer program product of  claim 45  wherein the securities are stock securities in publically traded companies. 
     
     
         50 . The computer program product of  claim 45  wherein the securities include stocks, bonds, options and futures.