System and method for a trading interface incorporating a chart

• US 10,319,034 B2
• Filed: 06/26/2018
• Issued: 06/11/2019
• 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:
  US16/019,209
• Publication Number:
  US 20180308166A1
• Time in Patent Office: 350 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 non-transitory computer readable medium having instructions stored thereon, which when executed by an electronic processor cause the electronic processor to:

receive market data for a tradeable object, the market data identifying an inside market for the tradeable object, the inside market having a highest bid price and a lowest ask price for the tradeable object;

display, via a trading interface, 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;

display, via the trading interface, historical market data for the tradeable object in the chart region, the historical market data being mapped to the first plurality of values;

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

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

submit a trade order to the electronic exchange in response to receiving a second user input via the input device that selects a selected area of the plurality of areas to submit the trade order for the tradeable object at a price determined according to the selected area of the plurality of areas.

2. The non-transitory computer readable medium of claim 1 where the instructions further cause the electronic processor to display 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 non-transitory computer readable medium 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 non-transitory computer readable medium of claim 1, where the different subset comprises a different number of values along the second value axis than the adjustable subset.

5. The non-transitory computer readable medium of claim 1, where the instructions further cause the electronic processor to:

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

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

6. The non-transitory computer readable medium of claim 1, where the instructions further cause the electronic processor to display a graphical indicator configured to receive a user-initiated command for adjusting the second plurality of values.

7. The non-transitory computer readable medium 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 non-transitory computer readable medium of claim 6, where the user-defined command is based on market data corresponding to the tradeable object.

9. The non-transitory computer readable medium of claim 1, where the instructions further cause the electronic processor to modify 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 non-transitory computer readable medium 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 non-transitory computer readable medium of claim 1, where the first value axis and the second value axis are static value axes.

12. The non-transitory computer readable medium of claim 1, where the instructions further cause the electronic processor to display 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 non-transitory computer readable medium of claim 1, where the instructions further cause the electronic processor to receive a user selection of a location in the chart region to initiate placement of a trade order to buy or sell the tradeable object.

14. The non-transitory computer readable medium of claim 13, where the instructions further cause the electronic processor to display via the trading interface 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 non-transitory computer readable medium of claim 1 where the first plurality of values and the second plurality of values are displayed.