Click based trading with intuitive grid display of market depth
First Claim
1. A method of displaying, on an electronic display device, the market depth of a commodity traded in a market, said method comprising:
- dynamically displaying a plurality of bids in the market for said commodity;
dynamically displaying of a plurality of asks in the market for said commodity; and
statically displaying prices corresponding to said plurality of bids and asks;
wherein said pluralities of bids and asks are dynamically displayed in alignment with the prices corresponding thereto.
1 Assignment
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Accused Products
Abstract
A method and system for reducing the time it takes for a trader to place a trade when electronically trading on an exchange, thus increasing the likelihood that the trader will have orders filled at desirable prices and quantities. The “Mercury” display and trading method of the present invention ensure fast and accurate execution of trades by displaying market depth on a vertical or horizontal plane, which fluctuates logically up or down, left or right across the plane as the market prices fluctuates. This allows the trader to trade quickly and efficiently.
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Citations
40 Claims
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1. A method of displaying, on an electronic display device, the market depth of a commodity traded in a market, said method comprising:
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dynamically displaying a plurality of bids in the market for said commodity;
dynamically displaying of a plurality of asks in the market for said commodity; and
statically displaying prices corresponding to said plurality of bids and asks;
wherein said pluralities of bids and asks are dynamically displayed in alignment with the prices corresponding thereto. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A computer readable medium having program code recorded thereon for execution on a computer for displaying the market depth of a commodity traded in a market, comprising:
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a first program code for dynamically displaying a plurality of bids in the market for said commodity;
a second program code for dynamically displaying of a plurality of asks in the market for said commodity; and
a third program code for statically displaying prices corresponding to said plurality of bids and asks;
wherein said pluralities of bids and asks are dynamically displayed in alignment with the prices corresponding thereto. - View Dependent Claims (9, 10, 11, 12, 13, 14, 16, 17, 18, 19, 20, 21)
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15. A graphical user interface for displaying the market depth of a commodity traded in a market, comprising:
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a dynamic display of a plurality of bids in the market for said commodity;
a dynamic display of a plurality of asks in the market for said commodity; and
a static display of prices corresponding to said plurality of bids and asks;
wherein said pluralities of bids and asks are dynamically displayed in alignment with the prices corresponding thereto.
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22. A method of placing a trade order for a commodity on an electronic exchange, using a graphical user interface and a user input device and having preset parameters for trade orders, said method comprising:
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displaying the market depth of a commodity traded in a market, through a dynamic display of a plurality of bids and a plurality of asks in the market for the commodity, including the bid and ask quantities of the commodity, aligned with a static display of prices corresponding thereto; and
initiating placement of a trade order of the commodity through a single action of the user input device initiating placement of a trade order of the commodity through a single action of the user input device with a pointer of the user input device positioned over an area in said dynamic displays of bids and asks;
wherein the contents of the trade order are based in part upon the preset parameters and the position of the pointer at the time of said single action. - View Dependent Claims (23, 24, 25, 26, 27, 28, 30, 31, 32, 33, 34, 36, 37, 38, 39, 40)
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29. A computer readable medium having program code recorded thereon, for execution on a computer having a graphical user interface and a user input device and having preset parameters for trade orders, to place a trade order for a commodity on an electronic exchange, comprising:
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a first program code displaying the market depth of a commodity traded in a market, through a dynamic display of a plurality of bids and a plurality of asks in the market for the commodity, including the bid and ask quantities of the commodity, aligned with a static display of prices corresponding thereto;
a second program code for initiating placement of a trade order of the commodity through a single action of the user input device with a pointer of the user input device positioned over an area in said dynamic displays of bids and asks; and
a third program code for setting characteristics of the trade order based in part upon the preset parameters and the position of the pointer at the time of said single action.
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35. A client system for placing a trade order for a commodity on an electronic exchange, the system comprising:
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a display device for displaying the market depth of a commodity traded in a market, through a dynamic display of a plurality of bids and a plurality of asks in the market for the commodity, including the bid and ask quantities of the commodity, aligned with a static display of prices corresponding thereto;
a user input device for positioning a pointer thereof over an area in said dynamic displays of bids and asks and for initiating placement of a trade order of the commodity through a single action of the user input device; and
a trade order characteristics setting component for setting characteristics of the trade order based in part upon preset parameters and the position of the pointer at the time of said single action.
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Specification