System and method for a trading interface incorporating a chart

• US 10,043,215 B2
• Filed: 05/31/2017
• Issued: 08/07/2018
• Est. Priority Date: 12/29/2005
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Singer, Scott F., Burns, Michael J., Decker, Stephen P.
• Primary Examiner(s): Hamilton, Lalita M
• Application Number:
  US15/610,144
• Publication Number:
  US 20170262936A1
• Time in Patent Office: 433 Days
• CPC Class Codes: G06F 3/0484 for the control of specific functions or operations, e.g. selecting or manipulating an object, an image or a displayed text element, setting a parameter value or selecting a range
• CPC Class Codes: G06Q 30/0201 Market modelling; Market analysis; Collecting market data
• 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

A graphical interface and method are provided for displaying market information corresponding to a tradable object. One graphical interface includes a chart region for displaying historical market data in relation to a first value axis, and a market grid region in alignment with the chart region. The market grid region comprises a plurality of areas for receiving commands from a user input device to send trade orders, and the areas are displayed in relation to a second value axis. A plurality of values displayed along the second value axis is a subset of values displayed in relation to the first value axis, and can be modified to a new plurality of values that corresponds to a new subset of values on the first value axis.

Claims

1. A method for receiving a user input with respect to displayed market data to submit an order to an electronic exchange for a tradable object, the method comprising:

receiving, via a computing device having an electronic processor, market data for a tradable object, the market data identifying an inside market for the tradable object, the inside market having a highest bid price and a lowest ask price for the tradable object;

displaying, via a trading interface of the computing device, a chart region and a market grid region being in alignment with the chart region, the chart region being defined by a time axis and a first value axis having a first plurality of values, the market grid region having a second value axis with a second plurality of values being an adjustable subset of the first plurality of values;

displaying, via the trading interface of the computing device, historical market data for the tradable object in the chart region, the historical market data being mapped to the first plurality of values;

displaying, via the trading interface of the computing device, a plurality of areas in the market grid region, each area of the plurality of areas being configured to receive a user input and responsively send trade orders to an electronic exchange, the plurality of areas corresponding to the second plurality of values;

in response to receiving a first user input via an input device for the computing device to adjust the second plurality of values to a different subset of the first plurality of values, adjusting, via the computing device, the second plurality of values to a different subset of the first plurality of values; and

in response to receiving a second user input via the input device for the computing device to select a selected area of the plurality of areas to submit a trade order for the tradable object at a price determined according to the selected area of the plurality of areas, submitting, via the computing device, the trade order to the electronic exchange.

2. The method of claim 1 further comprising displaying a chart region indicator in the chart region and a working order indicator in the market grid region, where the chart region indicator is mapped to a value of the historical market data for the price of the trade order and the working order indicator represents the price of the trade order received in the market grid region.

3. The method of claim 2, where the chart region indicator and the working order indicator are displayed in response to receiving confirmation of receipt of the trade order from the electronic exchange.

4. The method of claim 1, where the different subset comprises a different number of values along the second value axis than the adjustable subset.

5. The method of claim 1, further comprising:

displaying a bid indicator in one of the plurality of areas in the market grid region corresponding to the highest bid price; and

displaying an ask indicator in one of the plurality of areas in the market grid region corresponding to the lowest ask price.

6. The method of claim 1, further comprising displaying a graphical indicator configured to receive a user-initiated command for adjusting the second plurality of values.

7. The method of claim 6, where the user-initiated command comprises moving the graphical indicator along the first value axis to position the graphical indicator in relation to the different subset of the first plurality of values.

8. The method of claim 6, where the user-defined event is based on market data corresponding to the tradable object.

9. The method of claim 1, further comprising modifying the market grid region by adjusting the second plurality of values along the second value axis in response to detecting a user-defined event.

10. The method of claim 1, where the first value axis comprises a first price based value axis, and the second value axis comprises a second price-based value axis.

11. The method of claim 1, where the first value axis and the second value axis are static value axes.

12. The method of claim 1, further comprising displaying an order action indicator in relation to the chart region, where a location of the order action indicator in the chart region is based on the selected area.

13. The method of claim 1, further comprising receiving, via the input device, a user selection of a location in the chart region to initiate placement of a trade order to buy or sell the tradable object.

14. The method of claim 13, further comprising, via the trading interface of the computing device, displaying an order action indicator in relation to the market grid region, where a location of the order action indicator in the market grid region is based on the location being selected in the chart region.

15. The method of claim 1 where the first plurality of values and the second plurality of values are displayed.