Systems and methods for providing a trading interface

• US 20020029180A1
• Filed: 12/22/2000
• Published: 03/07/2002
• Est. Priority Date: 12/22/1999
• Status: Active Grant

• Current Assignee: Chart Trading Development, LLC (BGC Group, Inc.)
• Original Assignee: BGC Partners Incorporated (BGC Group, Inc.)
• Inventors: Noviello, Joseph, Claus, Mattew, Gilbert, Andrew C., Kirwin, Glenn D.
• Granted Patent: US 7,991,679 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06F 3/04895 Guidance during keyboard input operation, e.g. prompting
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• 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 40/03 Credit; Loans; Processing thereof
• 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
• CPC Class Codes: G06Q 40/10 Tax strategies

Abstract

Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands.

Claims

1. A method for submitting a trading command in an electronic trading system, comprising:

receiving a submission of a bid, offer, buy, or sell command from a trader;

automatically repositioning a pointing device pointer to be positioned over a button in an interactive trading interface corresponding to the bid, offer, buy, or sell command;

receiving a selection of the button from the trader to confirm the submission; and

submitting the bid, offer, buy, or sell command in response to the selection of the button by the trader.

2. The method of claim 1, further comprising:

displaying current bid and offer data; and

receiving a selection of a piece of the bid and offer data as the submission of a bid, offer, buy, or sell command.

3. The method of claim 2, further comprising coloring the piece of the bid and offer data.

4. The method of claim 2, further comprising submitting a bid command as the bid, offer, buy, or sell command when the trader selects a bid price as the piece of the bid and offer data.

5. The method of claim 2, further comprising submitting an offer command as the bid, offer, buy, or sell command when the trader selects an offer price as the piece of the bid and offer data.

6. The method of claim 2, further comprising submitting a buy command as the bid, offer, buy, or sell command when the trader selects an offer size as the piece of the bid and offer data.

7. The method of claim 2, further comprising submitting a sell command as the bid, offer, buy, or sell command when the trader selects a bid size as the piece of the bid and offer data.

8. The method of claim 2, wherein the current bid and offer data is displayed in a market cell.

9. The method of claim 2, wherein the current bid and offer data is displayed in a spread sheet.

10. The method of claim 2, wherein the current bid and offer data is displayed in a data window.

11. The method of claim 2, wherein the current bid and offer data is displayed in an entry window.

12. The method of claim 2, wherein the current bid and offer data is displayed in a web page.

13. The method of claim 1, wherein the submission of the bid, offer, buy, or sell command is received as a keyboard entry of the bid, offer, buy, or sell command.

14. The method of claim 1, further comprising automatically displaying the interactive trading interface containing the button in response to the submission of the bid, offer, buy, or sell command.

15. The method of claim 1, wherein the pointing device pointer is repositioned to over a bid button in the interactive trading interface when the bid, offer, buy, or sell command is a bid command.

16. The method of claim 1, wherein the pointing device pointer is repositioned to over an offer button in the interactive trading interface when the bid, offer, buy, or sell command is an offer command.

17. The method of claim 1, wherein the pointing device pointer is repositioned to over a buy button in the interactive trading interface when the bid, offer, buy, or sell command is a buy command.

18. The method of claim 1, wherein the pointing device pointer is repositioned to over a sell button in the interactive trading interface when the bid, offer, buy, or sell command is a sell command.

20. The method of claim 19, further comprising:

displaying current bid and offer data in the first trading command entry interface; and

receiving a selection of a piece of the bid and offer data as the submission of a bid, offer, buy, or sell command via the first trading command entry interface.

21. The method of claim 20, further comprising coloring the piece of the bid and offer data in the first trading command entry interface.

22. The method of claim 20, further comprising submitting a bid command as the bid, offer, buy, or sell command when the trader selects a bid price as the piece of the bid and offer data.

23. The method of claim 20, further comprising submitting an offer command as the bid, offer, buy, or sell command when the trader selects an offer price as the piece of the bid and offer data.

24. The method of claim 20, further comprising submitting a buy command as the bid, offer, buy, or sell command when the trader selects an offer size as the piece of the bid and offer data.

25. The method of claim 20, further comprising submitting a sell command as the bid, offer, buy, or sell command when the trader selects a bid size as the piece of the bid and offer data.

26. The method of claim 20, wherein the first trading command entry interface is a market cell.

27. The method of claim 20, wherein the first trading command entry interface is a spread sheet.

28. The method of claim 20, wherein the first trading command entry interface is a data window.

29. The method of claim 20, wherein the first trading command entry interface is an entry window.

30. The method of claim 20, wherein the first trading command entry interface is a web page.

31. The method of claim 19, wherein the submission of the bid, offer, buy, or sell command is received as a keyboard entry of the bid, offer, buy, or sell command and wherein the first trade command entry interface is a command line interface.

32. The method of claim 19, further comprising automatically displaying the second interacface in response to the submission of the bid, offer, buy, or sell command.

19. A method for submitting a trading command in an electronic trading system, comprising:

receiving a submission of a bid, offer, buy, or sell command from a trader via a first trading command entry interface;

presenting a second interface to the trader that contains information relating to the bid, offer, buy, or sell command;

prompting the trader to confirm the submission of the bid, offer, buy, or sell command; and

submitting the bid, offer, buy, or sell command in response to the trader confirming the submission.

33. A method for receiving a trading command, comprising:

receiving data intended for a tradable item data display;

presenting an interactive data display that has an appearance substantially similar to the tradable item data display; and

receiving a selection of an item in the interactive data display that corresponds to a bid, offer, buy, or sell command.

34. The method of claim 33, wherein the tradable item data display is a data window.

35. The method of claim 33, wherein the tradable item data display is a spread sheet.

36. The method of claim 33, wherein the tradable item data display is a web page.