Kenneth Ngai Phones & Addresses
-
Tamuning, GU
-
Saipan, MP
-
Stouts Mills, WV
-
East Elmhurst, NY
-
Brooklyn, NY
-
9612 70Th Ave, Forest Hills, NY 11375 (718) 997-6282
Work
Position:
Machine Operators, Assemblers, and Inspectors Occupations
Education
Degree:
Graduate or professional degree
Publications
Us Patents
Method And System For Initiating Pairs Trading Across Multiple Markets Having Automatic Foreign Exchange Price Hedge
View pageUS Patent:
20040267655, Dec 30, 2004
Filed:
Jul 7, 2003
Appl. No.:
10/615428
Inventors:
James Davidowitz - New York NY, US
Patrick Burke - New York NY, US
Linda Mok - New York NY, US
Victor Osinaga - New York NY, US
Kenneth Ngai - Forest Hills NY, US
William Mercado - Cortlandt Manor NY, US
Patrick Burke - New York NY, US
Linda Mok - New York NY, US
Victor Osinaga - New York NY, US
Kenneth Ngai - Forest Hills NY, US
William Mercado - Cortlandt Manor NY, US
International Classification:
G06F017/60
US Classification:
705/037000
Abstract:
Methods and systems for initiating trading, and more particularly, to pairs trading across multiple exchanges by allowing a trader to monitor, trade, and hedge related securities that span across various markets. In certain embodiments of the invention, one or more processors are configured to receive spread parameters pertaining to a relationship between two or more securities in one or more markets, receive and process market data relating to the two or more securities, determine whether the market data falls within the spread parameters, initiate a first order for a first security in the spread in a foreign currency, when the market data falls within the spread parameters, initiate a second order for a second security in the spread, when the market data falls within the spread parameters, whereby the second order is in conjunction with the first order at a selected ratio to reduce the risk of adverse price movements in the first security, and initiate an FX Order to offset foreign exchange exposure resulting from the first order.