Method of encoding market data and transmitting by radio to a plurality of receivers

Claim 1

A method of transmitting stock market data for the listed stocks of at least one stock exchange including stock symbol, and last, open, high and low prices and transmitting such data in the form of bits via radio to a plurality of one way receivers comprising the following steps: encoding said stock data before transmission to limit the number of said bits; said encoding includes the steps of selecting a group of stocks of a said exchange having last prices less than $64 or $2 x where x is an integer 6 or greater and having offsets of less than $4 or $2 y where y is an integer 2 or greater, said offsets including the transmitting to said receivers on a repetitive cyclical basis said data for all listed stocks of said exchange in a single cycle; during trading hours of a predetermined stock exchange inserting in said cylindrical data said last stock prices substantially as they occur and are reported during transmission of a cycle of said cyclical data; receiving via radio and storing in said receiver stock data, transmitted on said cyclical basis, for selected stocks and updating during trading hours said stored data with said inserted data being received; and immediately displaying, in response to the command of a user of said one-way receiver, a said last stock price of a predetermined said listed stock which is the result of sale of said stock having just occurred in time or having occurred previously, which ever is the case.

Claim 2

A method of transmitting stock market data for the listed stocks of at least one stock exchange including stock symbol, and last, open, high and low prices and transmitting such data in the form of bits via radio to a plurality of one way receivers comprising the following steps: encoding said stock data before transmission to limit the number of said bits; said encoding includes the steps of selecting a group of stocks of a said exchange having last prices less than $64 or $2 x where x is an integer 6 or greater and having offsets of less than $4 or $2 y where y is an integer 2 or greater, said offsets including the transmitting to said receivers on a repetitive cyclical basis said data for all listed stocks of said exchange in a single cycle; during trading hours of a predetermined stock exchange inserting in said cylindrical data said last stock prices substantially as they occur and are reported during transmission of a cycle of said cyclical data; receiving via radio and storing in said receiver stock data, transmitted on said cyclical basis, for selected stocks and updating during trading hours said stored data with said inserted data being received; and immediately displaying, in response to the command of a user of said one-way receiver, a said last stock price of a predetermined said listed stock which is the result of sale of said stock having just occurred in time or having occurred previously, which ever is the case.

Claim 9

A method of transmitting in the form of bits stock market data for the listed stocks of at least one stock exchange including stock symbol, and last, open, high and low prices and transmitting such data via radio to a plurality of one-way receivers comprising the following steps: encoding before transmission said stock market data by limiting the number of said bits including the steps of determining high, low, and open offsets from the last price, said offsets including the difference between low, open and high prices with respect to said last price, and dividing said stocks into at least two groups with a dividing line of all offsets less than $2 y where y is an integer 2 or greater such first group below said dividing line including the majority of listed stocks of said exchange; and transmitting via radio said high, low and open prices of said first group of stocks to said receivers with offsets of y bits.

Claim 10

A method of transmitting in the form of bits stock market data for the listed stocks of at least one stock exchange including stock symbol, and last, open, high and low prices and transmitting such data via radio to a plurality of one-way receivers comprising the following steps: encoding before transmission said stock market data by limiting the number of said bits including the steps of determining high, low, and open offsets from the last price, said offsets including the difference between low, open and high prices with respect to said last price, and dividing said stocks into at least two groups with a dividing line of all offsets less than $2 y where y is an integer 2 or greater such first group below said dividing line including the majority of listed stocks of said exchange; and transmitting via radio said high, low and open prices of said first group of stocks to said receivers with offsets of y bits.

Claim 12

A method of transmitting stock market data for the listed stocks of at least one stock exchange including stock symbol, and last, open, high and low prices and transmitting such data via radio to a plurality of one way receivers comprising the following steps: transmitting to said receivers on a repetitive cyclical basis said data for all listed stocks of said exchange in a single cycle; during trading hours of a predetermined stock exchange inserting in said cyclical data said last stock prices substantially as they occur and are reported during transmission of a cycle of said cyclical data; receiving via radio and storing in said receiver stock data, transmitted on said cyclical basis, for selected stocks and updating during trading hours said stored data with said inserted data being received; skipping said repetitive cyclic transmission of a stock when at least stock price of such stock has previously been inserted in said cycle; and immediately displaying, in response to the command of a user of said one-way receiver, a said last stock price of a predetermined said listed stock which is the result of sale of said stock having just occurred in time or having occurred previously, which ever is the case.

Claim 13

A method of transmitting stock market data for the listed stocks of at least one stock exchange including stock symbol, and last, open, high and low prices and transmitting such data via radio to a plurality of one way receivers comprising the following steps: transmitting to said receivers on a repetitive cyclical basis said data for all listed stocks of said exchange in a single cycle; during trading hours of a predetermined stock exchange inserting in said cyclical data said last stock prices substantially as they occur and are reported during transmission of a cycle of said cyclical data; receiving via radio and storing in said receiver stock data, transmitted on said cyclical basis, for selected stocks and updating during trading hours said stored data with said inserted data being received; skipping said repetitive cyclic transmission of a stock when at least stock price of such stock has previously been inserted in said cycle; and immediately displaying, in response to the command of a user of said one-way receiver, a said last stock price of a predetermined said listed stock which is the result of sale of said stock having just occurred in time or having occurred previously, which ever is the case.