Method and apparatus of displaying market depth and other information on a mobile phone, handheld device or computer system

• US 10,325,316 B2
• Filed: 09/29/2010
• Issued: 06/18/2019
• Est. Priority Date: 10/02/2009
• Status: Active Grant

• Current Assignee: Tradecapture OTC Corporation
• Original Assignee: Tradecapture OTC Corporation
• Inventors: Annunziata, Vincent P., Ehrlich, David, Summermatter, Paul, Hermanson, Eric M., Rowland, John
• Primary Examiner(s): Sigmond, Bennett M
• Assistant Examiner(s): Cranford, Michael D
• Application Number:
  US12/893,690
• Publication Number:
  US 20110112952A1
• Time in Patent Office: 3,184 Days
• Field of Search: 705 37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

An exemplary system according to the present disclosure comprises a server system (comprising one or more computing devices) that is in communication with one or more financial exchange systems and one or more data source computer devices (e.g., news sources). Also in communication with the server system are one or more mobile communication devices. The server system comprises a memory and a processor executing software that enables the server system to receive live market data and information from one or more of the financial exchange systems and the data source computer devices; aggregate and filter the data and information; according to one or more pre-set user preferences and/or one or more user-initiated commands; and transmit the aggregated/filtered data and information to one or more mobile communication devices via one or more live data feeds. The mobile communication device displays aggregated/filtered information in a single, interactive GUI.

Claims

1. A system comprising:

a server system comprising one or more computing devices;

one or more financial exchange systems, each comprising one or more exchange computing devices, in communication with the server system;

one or more data source computer devices in communication with the server system; and

one or more mobile communication devices in communication with the server system via at least one communications link,

said server system comprising a memory storing pre-set user preferences and a processor executing software that causes the server system to;

receive live market data and information from at least one of said financial exchange systems and at least one of said data source computer devices,

aggregate said data and information;

filter said data and information according to one or more of said pre-set user preferences; and

transmit the filtered data and information to the one or more mobile communication devices via one or more live data feeds over the at least one communications link,

at least one device of the one or more mobile communication devices comprising a display screen and configured to perform the functions of;

monitoring a strength of the at least one communications link between the server system and the at least one device,

generating and displaying an alert message if the monitored strength falls below a predetermined threshold,

placing open orders received via the at least one device on hold when at least one of the monitored strength falls below the predetermined threshold and the at least one device becomes disconnected from the server system,

reconnecting said at least one device to the server system when the monitored strength rises above said predetermined threshold, and

removing the hold from the open orders when the monitored strength rises above said predetermined threshold.

2. The system of claim 1, wherein the financial exchange systems comprise one or more of a financial exchange platform, a clearing-house platform, and a banking platform.

3. The system of claim 1, wherein the live market data and information comprises at least one of live bids, live offers, a listing of last-traded prices, and live news.

4. The system of claim 3, wherein the server system further comprises software that when executed causes the server system to transmit, in response to one or more mobile communication device commands, information aggregated from one or more of said financial exchange systems, said aggregated information comprising at least one of live market data and information, live multi-media content, live price charts, and live market statistics to said one or more communication devices, said market statistics comprising one or more of a high price, a low price, a best bid price, a best bid offer price, a bid quantity for a given price, an offer quantity for a given price, a settlement price, a last traded price, a transaction status indicator, a total traded volume, a daily price change, a commodity name, a trading period, and an open interest associated with a commodity/trading period combination.

5. The system of claim 1, wherein the server system further comprises software for communicating with said one or more mobile communication devices via an optimized communication scheme that compresses the size of the data streams transmitted from the server system to said mobile communication devices.

6. The system of claim 1, wherein said one or more mobile communication devices comprise at least one of a mobile telephone, a server, a personal computer (PC), a multimedia device, a mobile hand held device, a personal data assistance (PDA), and a combined computing/communication device.

7. The system of claim 1, wherein the pre-set user preferences comprise at least one of trading rules, trading limits, geographic trading rules and limits, and linking preferences for linking one or more of said mobile communication devices together such that changes, updates, settings, and transactions executed via one of said linked devices are automatically reflected on another of said linked devices, and vice versa.

8. The system of claim 1, wherein the server system further comprises software that when executed causes said server system to receive and process at least one of transaction execution commands, buy order commands, sell order commands, data and information filter commands, and subscribing or unsubscribing to one or more of said live data feeds, and commands for setting, canceling, and changing one or more pre-set user preferences.

9. The system of claim 1, wherein the live market data and information relate to one or more commodities selected from the group consisting of coal, crude oil, gas and heat, natural gas, agriculture, metals, and powder.

10. The system of claim 1, wherein the at least one of said mobile communication devices comprises:

a transmitter configured to transmit data, messages, and commands;

a receiver configured to receive data transmissions and information from said server system, including via one or more live data feeds;

one or more input devices for receiving user inputs;

a display screen; and

a processor executing software that causes said communication device to generate and display a first interactive graphical user interface (GUI) on said display screen,

said first interactive GUI simultaneously displaying live market data and information received via at least one of said live data feeds in the form of;

a dynamic market window displaying user-selected multimedia content,

live market statistics, and

at least one execution icon that when selected, invokes said communicating device to generate and transmit a transaction execution command.

11. The system of claim 10, wherein the live market data and information received in the server system comprises data and information aggregated from two or more financial exchange systems, and wherein said first interactive GUI simultaneously displays said aggregated data and information.

12. The system of claim 11, wherein the live market data and information comprises bid prices and offer prices aggregated from two or more financial exchange systems, said aggregated bid prices and offer prices relating to a same commodity type.

13. The system of claim 12, wherein the first interactive GUI is configured to display at least one of the aggregated bid prices and offer prices according to a price rank, wherein higher-ranked prices are displayed ahead of lower-ranked prices.

44. The system of claim 10, wherein at least one of said mobile communication devices comprises software that when executed, causes said mobile communication device to generate and display an interactive custom spread GUI via the display screen,

said custom spread GUI providing means for creating a custom spread order by:

displaying a plurality of contracts, said contracts being posted by one or more financial exchange systems;

receiving input identifying two user-selected underlying contracts to make up the custom spread order;

receiving input identifying one or more user-selected order parameters relating to fulfillment of said custom spread order; and

transmitting an order execution command to the server system, said order execution command include the two selected underlying contracts and the one or more parameters,

wherein said server system is further configured to fulfill the custom spread order received from the at least one mobile communication device according to the one or more parameters.

45. The system of claim 44, wherein the underlying contracts are posted by two different financial exchange systems.

46. The system of claim 44, wherein the order parameters includes at least one of a price conversion factor, a quantity conversion factor, an adjustment point value, and a maximum imbalance quantity.

47. The system of claim 44, wherein the custom spread GUI further displays a current status and an order-fulfillment progress of the custom spread order, said current status and order-fulfillment progress being provided by the server system.

48. The system of claim 44, wherein the custom spread GUI is further configured to:

receive input for adjusting at least one of the two underlying contracts in order to resolve an order imbalance; and

transmit an adjustment command to the server system for adjusting said imbalance,

said server system being configured to adjust the custom spread order in response to said adjustment command.

49. The system of claim 44, wherein the custom spread GUI is further configured to:

receive input for cancelling an imbalance in the spread order; and

transmit a cancellation command to the server system for cancelling said imbalance,

said server system being configured to cancel said imbalance in response to said cancellation command.

50. The system of claim 1, wherein the at least one device is further configured for reconnecting to the server system based on said monitored strength if said at least one device becomes disconnected from said server system.

51. The system of claim 1, wherein the at least one device is further configured for displaying the alert message via the display screen if the monitored strength falls below the predetermined threshold.

14. A method comprising:

providing a server system comprising one or more computing devices, said server system in communication with one or more financial exchange computers and one or more data source computer devices;

receiving at said server system live market data and information from at least one of said financial exchange computers and at least one of said data source computer devices;

aggregating said live market data and information;

filtering said live market data and information; and

transmitting the aggregated and filtered live market data and information to one or more mobile communication devices in communication with said server system over at least one communications link,

said one or more mobile communication devices simultaneously displaying, via one or more interactive graphic user interfaces (GUIs), the aggregated and filtered data and information on a single display screen, and

at least one device of the one or more mobile communication devices;

monitoring a strength of the at least one communications link between the server system and the at least one device,

generating and displaying an alert message if the monitored strength falls below a predetermined threshold,

placing open orders received via the at least one device on hold when at least one of the monitored strength falls below the predetermined threshold and the at least one device becomes disconnected from the server system,

reconnecting said at least one device to the server system when the monitored strength rises above said predetermined threshold, and

removing the hold from the open orders when the monitored strength rises above said predetermined threshold.

15. The method of claim 14, further comprising displaying, via a first of said interactive GUIs, the aggregated live market data and information in the form of:

a dynamic market window displaying user-selected multimedia content,

live market statistics, and

at least one execution icon that when selected, invokes said communicating device to generate and transmit a transaction execution command.

16. The method of claim 15, further comprising initiating at least one transaction execution command via said first interactive GUI by selecting at least one of said at least one execution icon.

17. The method of claim 15, further comprising:

at least one of said mobile communication devices filtering the live market and information displayed via said first interactive GUI according to a user-selected commodity/trading period combination,

said filtering step comprising subscribing or unsubscribing to one or more live data feeds from the server system.

18. The method of claim 17, wherein at least one of said interactive GUIs comprises one or more scrolling mechanisms, the method further comprising selecting a commodity/trading period combination by:

scrolling between at least one of trading period icons and commodity selection icons; and

selecting at least one of said trading period icons and one of the commodity selection icons,

wherein selecting of at least one of the commodity selection icons and the trading period icons invokes the filtering step.

19. The method of claim 15, further comprising displaying at least one of a live, full depth of market comprising a listing of bids and offers, a listing of last traded prices, live news, and live price charts in said dynamic market window.

20. The method of claim 19, wherein at least one live price chart displayed in the dynamic market window comprises one or more live price points defining a graph, the method further comprising initiating the transaction execution command by:

selecting one of said live price points; and

selecting one of said at least one execution icon, thereby invoking the at least one mobile communication device to generate and transmit the transaction execution command for an order at the selected price point.

21. The method of claim 14, further comprising:

displaying, via at least one of said interactive GUIs, real-time order data that corresponds to trading activities of one or more users or one or more selected trading accounts, said order data comprising open orders, cancelled orders, partially filled orders, and fully filled orders, together with real-time position and profit/loss information; and

disabling, via at least one other of said interactive GUIs, transaction execution functions for at least one of said users or said selected trading accounts.

22. The method of claim 14, further comprising:

establishing one or more pre-set user preferences that imposes trading rules and limits in at least one of said mobile communication devices, said pre-set user preferences being stored in at least one of said mobile communication devices and said server system.

23. The method of claim 22, wherein the at least one mobile communication device comprises a global positioning means, the method further comprising:

establishing one or more pre-set user preferences that imposes trading rules and limits according to the geographic location of said at least one mobile communication device.

24. The method of claim 22, further comprising generating and displaying a warning in at least one of said interactive GUIs if a user attempts to execute a transaction, via said at least one mobile communication device, that violates, or comes within a predetermined range of violating, pre-set trading rules and limits, said pre-set user preference preventing the execution of transactions that violates any pre-set trading rules or limit.

25. The method of claim 14, further comprising linking at least a first of said mobile communication devices to at least one other mobile communication devices such that updates, settings, and transactions executed on said first mobile communication device are automatically reflected on said other mobile communication device, and vice versa.

26. The method of claim 25, further comprising imposing a first set of trading rules and limits on said first mobile communication device and imposing a second set of trading rules and limits on said other mobile communication device, wherein said first set and said second set are different.

27. The method of claim 16, further comprising entering a security pin code via said first interactive GUI prior to initiating the at least one transaction execution command.

28. The method of claim 14, further comprising displaying, via at least one of said interactive GUIs, headline information comprising at least one of user name information, company name information, account details, news, alerts, new bid and offer information, modifications to bids and offers information, cancellations of bids and offers information, and executed trading transaction information, said headline information being displayed according to a user profile.

29. The method of claim 28, further comprising generating and transmitting a transaction execution command via the interactive GUI displaying said headline information.

30. The method of claim 14, further comprising:

displaying, via at least one of said interactive GUIs, one or more interactive slide bars configured for adjusting order data details;

adjusting, via said one or more interactive slide bars, one or more order data details; and

initiating and transmitting a transaction execution command for an order comprising said one or more adjusted data details.

31. The method of claim 14, further comprising simultaneously displaying, via at least one of said interactive GUIs, a full depth of market of over-the-counter (OTC) orders together with real-time futures prices associated with a same commodity/trading period combination, said OTC orders and futures prices being aggregated from two or more financial exchange computers.

32. The method of claim 31, further comprising:

displaying, together with said OTC orders, at least one of an identity of at least one origin entity of at least one OTC order, contact information of the origin entity posting said at least one OTC order, and a call icon that when selected, invokes a telephone call to at least one origin entity; and

selecting said call icon, thereby placing a telephone call to said at least one origin entity,

wherein said at least one origin entity comprises at least one of a broker, a trader, a back-office user, a financial exchange, and a reporter.

33. The method of claim 32, wherein the OTC orders comprise at least one of a real order, an implied order, a firm order, an indicative order, an OCO order, a linked order, and an order that has been placed on hold.

34. The method of claim 14, further comprising simultaneously displaying, via at least one of said interactive GUIs, live bid prices and live offer prices aggregated from two or more financial exchange computers, said aggregated bid prices and offer prices relating to a same commodity type.

35. The method of claim 34, further comprising displaying said live bid prices and said live offer prices according to a price rank, wherein higher-ranked prices are displayed ahead of lower-ranked prices.

36. The method of claim 15, wherein the live market statistics comprise one or more of a high price, a low price, a bid quantity for a given price, an offer quantity for a given price, a settlement price, a last traded price, a status indicator, a total traded volume, a daily price change, a commodity name, a trading period, and an open interest associated with a user-selected commodity/trading period combination.

37. The method of claim 14, wherein said mobile communication devices comprise one of a mobile telephone, a server, a personal computer (PC), a multimedia device, a mobile hand held device, a personal data assistance (PDA), and a combined computing/communication device.

38. The method of claim 14, further comprising creating, via at least one of said interactive GUIs, a custom spread order, said creating step comprising:

displaying a plurality of contracts, said contracts being posted by one or more financial exchange systems;

selecting two underlying contracts to make up the custom spread order;

selecting one or more order parameters for fulfilling said custom spread order;

transmitting an order execution command to the server system, said order execution command include the two underlying contracts and the one or more parameters; and

at said server system, fulfilling the custom spread order according to the one or more parameters.

39. The method of claim 38, wherein the underlying contracts are posted by two different financial exchange systems.

40. The method of claim 38, wherein the order parameters includes at least one of a price conversion factor, a quantity conversion factor, an adjustment point value, and a maximum imbalance quantity.

41. The method of claim 38, further comprising:

displaying, via said interactive GUI, a current status and an order-fulfillment progress of the custom spread order,

said current status and order-fulfillment progress being provided by the server system.

42. The method of claim 38, further comprising:

adjusting, via said interactive GUI, at least one of the two underlying contracts in order to resolve an order imbalance.

43. The method of claim 38, further comprising:

cancelling, via said interactive GUI, an imbalance in the spread order reported by the server system.