User interface for semi-fungible trading

• US 10,147,138 B2
• Filed: 08/17/2015
• Issued: 12/04/2018
• Est. Priority Date: 04/09/1999
• Status: Expired due to Fees

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Friesen, Richard W., Klizas, Mark C.
• Primary Examiner(s): Kazimi, Hani M
• Application Number:
  US14/828,328
• Publication Number:
  US 20150356683A1
• Time in Patent Office: 1,205 Days
• Field of Search: 705 37
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• 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 user interface and method are disclosed for providing trading between a plurality of semi-fungible and non-fungible goods. A plurality of book axes are displayed in a single interface, each book axis representing a market for a particular good. Orders for goods are displayed as marks on the axes to display the relative value of the orders. A value axis is provided that relates the value of the goods from each market to each other. Thus, a single interface provides the means to relate the values of different semi-fungible goods. The value axis may be displayed in units of price, or a custom value designated by a user or pre-defined by the interface. Quantity information is represented in the interface through the display of a dimension of an order icon. Precise information about each order is displayed either in a panel view or a pop-up window.

Claims

1. A trading device comprising:

an electronic monitor;

a market data receiver configured receive market information having bids and offers for each of a plurality of products; and

an electronic processor coupled with the electronic monitor and the market data receiver and configured to cause the electronic monitor to display;

a differential value axis having a plurality of differential values, each differential value representing a difference between values of the plurality of products determined according to at least the market information,

an action line displayed along the differential value axis for a specified value quantifying metric,

a bid indicator along the differential value axis according to the market information, and

an offer indicator along the differential value axis according to the market information.

2. The trading device of claim 1 further comprising:

an input device coupled with the processor and configured to receive a command to select at least one differential value of the plurality of differential values; and

an order router coupled with the processor and configured to submit a first order for a first product of the plurality of products to a market for the first product in response to receiving the command, the first order having a first price determined according to the at least one differential value of the plurality of differential values.

3. The trading device of claim 2 where the order router is further configured to submit a second order for a second product of the plurality of products to a market for the second product, the second order having a second price determined according to the at least one differential value of the plurality of differential values.

4. The trading device of claim 3 where the first price is further determined according to the market for the second product.

5. The trading device of claim 1 where the action line is dynamically displayed at a location that based on a formula.

6. The trading device of claim 5 where the location of the action line is updated in response to new data being received by the trading device regarding a variable of the formula.

7. The trading device of claim 6 wherein the formula is input directly by a user.

8. The trading device of claim 1 where the action line is oriented perpendicularly to the price value axis.

9. The trading device of claim 1 where the plurality of products comprises a user-selected base product.