Trading tools for electronic trading

• US 10,037,567 B2
• Filed: 05/03/2006
• Issued: 07/31/2018
• Est. Priority Date: 03/02/2000
• Status: Expired due to Term

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Kemp, II, Gary Allan, Schluetter, Jens-Uwe, Brumfield, Harris C., Burns, Michael J., Singer, Scott F.
• Primary Examiner(s): Wong, Eric T
• Application Number:
  US11/417,493
• Publication Number:
  US 20060259382A1
• Time in Patent Office: 4,472 Days
• Field of Search: 705 35- 45
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Tools for trading and monitoring a commodity on an electronic exchange using a graphical user interface and a user input device. The tools will aid the trader in determining the status, trends in the market, and the trader'"'"'s position in the market.

Claims

1. A method for providing market information associated with a commodity in an electronic trading environment, comprising:

receiving at a computer device a first data feed from an electronic exchange, wherein the first data feed comprises inside market information for a first commodity and does not include market depth information for the first commodity, and wherein the first data feed is sent by the electronic exchange at a first rate;

receiving at the computer device a second data feed from the electronic exchange, wherein the second data feed is different from the first data feed, wherein the second data feed comprises market depth information for the first commodity and does not include inside market information for the first commodity, and wherein the second data feed is sent by the electronic exchange at a second rate that is different from the first rate;

displaying on a graphical user interface at the computer device the inside market information from the first data feed and the market depth information from the second data feed; and

when a disruption occurs in one of the first data feed and the second data feed such that the corresponding market information of the disrupted one of the first and second data feeds is not received at the computer device, updating the graphical user interface based on data in the most recent packet subsequently received at the computer device in one of the first data feed or the second data feed that is not disrupted and being received at the computer device.

2. The method of claim 1, wherein the market depth information comprises a quantity at a price level available for the first commodity at the electronic exchange.

3. The method of claim 1, wherein the inside market information comprises a best bid price and a best ask price available for the first commodity at the electronic exchange.

4. The method of claim 1, wherein the first rate is slower than the second rate.

5. The method of claim 1, wherein the first rate is faster than the second rate.

6. The method of claim 1, further comprising:

receiving a third data feed from a different electronic exchange, the third data feed comprising at least one of inside market information and market depth information for the first commodity; and

updating the graphical user interface based on data from the first data feed, the second data feed, and the third data feed.

7. The method of claim 1, wherein the first rate is variable.

8. The method of claim 1, wherein the second rate is variable.

9. The method of claim 1, wherein displaying the inside market information and the market depth information comprises displaying the inside market information and the market depth information based on the most recent packet in at least one of the first data feed and the second data feed.

10. A non-transitory computer readable medium having stored therein instructions executable by a processor, wherein the instructions are executable to:

receive at a computer device a first data feed from an electronic exchange, wherein the first data feed comprises inside market information for a first commodity and does not include market depth information for the first commodity, and wherein the first data feed is sent by the electronic exchange at a first rate;

receive at the computer device a second data feed from the electronic exchange, wherein the second data feed is different from the first data feed, wherein the second data feed comprises market depth information for the first commodity and does not include inside market information for the first commodity, and wherein the second data feed is sent by the electronic exchange at a second rate that is different from the first rate;

display on a graphical user interface at the computer device the inside market information from the first data feed and the market depth information from the second data feed; and

when a disruption occurs in one of the first data feed and the second data feed such that the corresponding market information of the disrupted one of the first and second data feeds is not received at the computer device, update the graphical user interface based on data in the most recent packet subsequently received at the computer device in one of the first data feed or the second data feed that is not disrupted and being received at the computer device.

11. The computer readable medium of claim 10, wherein the market depth information comprises a quantity at a price level available for the first commodity at the electronic exchange.

12. The computer readable medium of claim 10, wherein the inside market information comprises a best bid price and a best ask price available for the first commodity at the electronic exchange.

13. The computer readable medium of claim 10, wherein the first rate is slower than the second rate.

14. The computer readable medium of claim 10, wherein the first rate is faster than the second rate.

15. The computer readable medium of claim 10, wherein the instructions are further executable to:

receive a third data feed from a different exchange, the third data feed comprising at least one of inside market information and market depth information for the first commodity; and

update the graphical user interface based on data in the first data feed, the second data feed, and the third data feed.

16. The computer readable medium of claim 10, wherein the first rate is variable.

17. The computer readable medium of claim 10, wherein the second rate is variable.

18. The computer readable medium of claim 10, wherein the instructions to display further comprise instruction to display the inside market information and the market depth information based on the most recent packet in at least one of the first data feed and the second data feed.