Electronic spread trading tool
First Claim
1. A method of displaying, on an electronic display device, the market depth of a plurality of commodities including an anchor commodity and a non-anchor commodity, said method comprising:
- dynamically displaying a plurality of bids and asks in the market for said commodities;
statically displaying prices corresponding to said plurality of bids and asks, wherein said plurality of bids and asks are displayed in alignment with the prices corresponding thereto;
displaying an anchor visual indicator corresponding to and in alignment with a desired price level of said anchor commodity;
displaying a price level indicator corresponding to and in alignment with a price level of said non-anchor commodity determined based upon said desired price level of said anchor commodity.
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Accused Products
Abstract
A versatile and efficient electronic spread trading tool to be used when buying and selling comparable commodities either simultaneously or in conjunction with one another. The spread trading tool involves a method of displaying, on an electronic display device, the market depth of a plurality of commodities including an anchor commodity and a non-anchor commodity, where the method includes dynamically displaying a plurality of bids and asks in the market for the commodities, statically displaying prices corresponding to those plurality of bids and asks, where the bids and asks are displayed in alignment with the prices corresponding thereto, displaying an anchor visual indicator corresponding to and in alignment with a desired price level of the anchor commodity, displaying a price level indicator corresponding to and in alignment with a price level of the non-anchor commodity. Based on an unhedged position, and taking into account the parameters and spread price point values, as determined by the trader, price level indicators are calculated and displayed, which provide a visual representation of where the trader should buy and sell the applicable commodities. The price level for the price level indicator in the non-anchor commodity is determined based upon said desired price level of the anchor commodity. The price level indicator also includes a first visual indicator corresponding to and in alignment with a first price level of the non-anchor commodity and a second visual indicator corresponding to and in alignment with a second price level of the non-anchor commodity.
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Citations
54 Claims
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1. A method of displaying, on an electronic display device, the market depth of a plurality of commodities including an anchor commodity and a non-anchor commodity, said method comprising:
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dynamically displaying a plurality of bids and asks in the market for said commodities;
statically displaying prices corresponding to said plurality of bids and asks, wherein said plurality of bids and asks are displayed in alignment with the prices corresponding thereto;
displaying an anchor visual indicator corresponding to and in alignment with a desired price level of said anchor commodity;
displaying a price level indicator corresponding to and in alignment with a price level of said non-anchor commodity determined based upon said desired price level of said anchor commodity. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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18. A computer readable medium having machine readable program code recorded thereon for execution on a computer for displaying the market depth of a plurality of commodities including an anchor commodity and a non-anchor commodity, comprising program code for performing the following method steps:
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dynamically displaying a plurality of bids and asks in the market for said commodities;
statically displaying prices corresponding to said plurality of bids and asks, wherein said plurality of bids and asks are displayed in alignment with the prices corresponding thereto;
displaying an anchor visual indicator corresponding to and in alignment with a desired price level of said anchor commodity;
displaying a price level indicator corresponding to and in alignment with a price level of said non-anchor commodity determined based upon said desired price level of said anchor commodity.
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33. A method of facilitating spread trading among a plurality of commodities, including an anchor commodity and a non-anchor commodity, using a graphical user interface and a user input device, said method comprising:
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displaying the market depth of said commodities traded in a market, through a dynamic display of a plurality of bids and asks for said commodities, including the bid and ask quantities of the commodities, aligned with static displays of prices corresponding thereto;
determining a desired price level for said anchor commodity;
displaying an anchor visual indicator corresponding to and in alignment with said desired price level of said anchor commodity;
determining a price level for said non-anchor commodity based upon said desired price level for said anchor commodity;
displaying a price level indicator corresponding to and in alignment with said determined price level of said non-anchor commodity;
allowing the placement of a trade order of said anchor commodity through a single action of the user device with a pointer of the user input device positioned over an area in said dynamic displays of bids and asks in the market for said anchor commodity;
allowing the placement of a trade order of said non-anchor commodity through a single action of the user device with a pointer of the user device positioned over an area in said dynamic displays of bids and asks in the market for said non-anchor commodity, wherein said single action made when the pointer is positioned at the location of said price level indicator allows for the placement of a spread trade. - View Dependent Claims (34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50)
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51. A computer readable medium having machine readable program code recorded thereon for execution on a computer for facilitating spread trading among a plurality of commodities, including an anchor commodity and a non-anchor commodity, using a graphical user interface and a user input device, comprising program code for performing the following method steps:
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displaying the market depth of said commodities traded in a market, through a dynamic display of a plurality of bids and asks for said commodities, including the bid and ask quantities of the commodities, aligned with static displays of prices corresponding thereto;
determining a desired price level for said anchor commodity;
displaying an anchor visual indicator corresponding to and in alignment with said desired price level of said anchor commodity;
determining a price level for said non-anchor commodity based upon said desired price level for said anchor commodity;
displaying a price level indicator corresponding to and in alignment with said determined price level of said non-anchor commodity;
allowing the placement of a trade order of said anchor commodity through a single action of the user device with a pointer of the user input device positioned over an area in said dynamic displays of bids and asks in the market for said anchor commodity;
allowing the placement of a trade order of said non-anchor commodity through a single action of the user device with a pointer of the user device positioned over an area in said dynamic displays of bids and asks in the market for said non-anchor commodity, wherein said single action made when the pointer is positioned at the location of said price level indicator allows for the placement of a spread trade. - View Dependent Claims (52)
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53. A client system for facilitating spread trading among a plurality of commodities, including an anchor commodity and a non-anchor commodity, said system comprising:
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a display device for displaying the market depth of said commodities traded in a market, through a dynamic display of a plurality of bids and asks for said commodities, including the bid and ask quantities of the commodities, aligned with static displays of prices corresponding thereto, for displaying an anchor visual indicator corresponding to and in alignment with a desired price level of said anchor commodity and for displaying a price level indicator corresponding to and in alignment with a determined price level of said non-anchor commodity;
a processor for determining said desired price level for said anchor commodity and said determined price level for said non-anchor commodity based upon said desired price level for said anchor commodity;
a user input device for allowing the placement of a trade order of said anchor commodity through a single action of the user device with a pointer of the user input device positioned over an area in said dynamic displays of bids and asks in the market for said anchor commodity and for allowing the placement of a trade order of said non-anchor commodity through a single action of the user device with a pointer of the user device positioned over an area in said dynamic displays of bids and asks in the market for said non-anchor commodity, wherein said single action made when the pointer is positioned at the location of said price level indicator allows for the placement of a spread trade. - View Dependent Claims (54)
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Specification