摘要 |
The present invention provides a system, apparatus and method for performing a buy/sell side trailing stop transaction by: (a) receiving a transaction request for an investment containing a target price, a stop price and a trail amount for an investment, (b) obtaining an ask/bid/last price for the investment, (c) determining whether the ask/bid/last price is less/greater than or equal to the target price, (d) whenever the ask/bid/last price is less/greater than or equal to the target price, setting the stop price equal to the ask/bid/last price plus/minus the trail amount and repeating steps (b)-(e), and (e) whenever the ask/bid/last price is greater/less than the target price, determining whether the ask/bid/last price is greater/less than or equal to the stop price, repeating steps (b)-(e) whenever the ask/bid/last price is less/greater than the stop price, submitting a buy/sell order whenever the ask/bid/last price is greater/less than or equal to the stop price.
|