System and method for providing a graphical user interface for a multi-interface financial transaction system

• US 20030041000A1
• Filed: 12/18/2000
• Published: 02/27/2003
• Est. Priority Date: 12/18/2000
• Status: Abandoned Application

• Current Assignee: Onebond Com LLC
• Original Assignee: Onebond Com LLC
• Inventors: Mahoney, James T., Zajac, Paul, Costa, Martin P.
• Application Number:
  US09/737,806
• Publication Number:
  US 20030041000A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A system, and its components and processes, receive, manage and output data received from at least two IDBs and at least one financial instrument dealer. In accordance with the exemplary embodiments of the invention, a platform provides the user with a single user interface for viewing and executing trades on multiple Inter-dealer broker electronic trading systems.

Claims

1. A method, for use in a multi-IDB interface system including a pointing device and a visual display unit, for providing a graphical user interface to a computer program for providing an interface to financial instrument market data provided by at least two IDBs, the method comprising:

displaying financial instrument market data on a screen of the visual display unit at a user'"'"'s computer system;

in response to said displaying, obtaining a user'"'"'s order data from the user and providing the order data to an system engine included in the multi-IDB interface system;

forwarding the order data to at least one IDB based on the order data.

2. The method of claim 1, wherein the financial instrument market data includes data that is specific to at least one financial instrument based on data received from at least two IDBs.

3. The method of claim 1, wherein the order data includes trade data and cancellation data.

4. The method of claim 3, wherein the trade data includes at least one of:

trade identification data;

IDB indicator data;

financial instrument identification data;

trade description data;

data indicating when a trade was created;

data indicating a trade type;

trade size data;

price data;

data related to trade settlement; and

data indicating any type of commission associated with the trade.

5. The method of claim 4, wherein trade identification data includes values that are numbers and are generated by the multi-IDB interface system.

6. The method of claim 1, wherein the order data includes at least one of:

order identification data;

IDB indicator data;

financial instrument identification data;

order status data;

creator identification data;

creation time data

data indicating an identity of a modifier of an order;

data indicating a modification time of an order;

order type data;

order size data; and

price data.

7. The method of claim 1, wherein the graphical user interface is configured to display consolidated IDB prices for at least one financial instrument.

8. The method of claim 1, wherein the graphical user interface is configured to allow for single keystroke execution of an order for at least one financial instrument.

9. The method of claim 1, wherein the graphical user interface is configured to display a screen that is particular to a specific financial instrument.

10. The method of claim 1, wherein the graphical user interface is configured to be customizable to a particular user or to a particular group of users based on at least one user service profile associated with the user or group of users.

11. The method of claim 1, wherein the graphical user interface includes one or more price matrix views.

12. The method of claim 11, wherein the price matrix view includes a matrix including rows corresponding to a particular financial instrument.

13. The method of claim 12, wherein the rows include data describing the particular financial instrument, at least one IDB seeking to buy that financial instrument, and an associated bid price and bid size.

14. The method of claim 13, wherein the associated bid size includes financial instrument bids from more than one IDB if the more those IDBs are offering the same bid price.

15. The method of claim 13, wherein the rows further include data identifying at least one IDB offering to sell that financial instrument and an associated offer price and offer size.

16. The method of claim 15, wherein the associated offer size includes financial instrument offers from more than one IDB if the more those IDBs are offering for the same offer price.

17. The method of claim 15, wherein the rows further include data indicating a bid yield for the financial instrument.

18. The method of claim 15, wherein the rows further include data indicating an offer yield for the financial instrument.

19. The method of claim 13, wherein columns in the matrix are sized according to a user'"'"'s preference.

20. The method of claim 12, wherein the price matrix view is configured to indicate the best bid and/or offer for a particular financial instrument.

21. The method of claim 20, wherein the price matrix view includes expandable rows that initially indicate the best bid and offer data for a particular financial instrument, and in response to an operation by a user, expand to display additional bid and offer data from IDBs for that particular financial instrument.

22. The method of claim 21, wherein the additional bid and offer data corresponds to bids and offers that are below the market for that particular financial instrument.

23. The method of claim 1, wherein the price matrix view includes an add financial instrument graphic, which when actuated by a user, initiates display of a list of financial instrument categories from which a user may select.

24. The method of claim 23, wherein the list of the financial instruments is organized by product and sector.

25. The method of claim 23, wherein the list of financial instruments is organized by actives, bills, or maturity.

26. The method of claim 23, following receipt of a selection of a particular financial instrument to add to the price matrix view, a subscription to that financial instrument market is initiated on behalf of the user.

27. The method of claim 1, wherein the graphical user interface includes one or more monitor views.

28. The method of claim 27, wherein the monitor view is an interface through which the user may enter orders and execute trades with multiple IDBs.

29. The method of claim 28, wherein the monitor view includes a financial instrument field that may be actuated by the user to display a list of financial instruments for a user to select.

30. The method of claim 28, wherein the monitor view includes a hit graphic and a lift graphic that may be actuated by a user to populate a price field and a size field, which are also included in the monitor view.

31. The method of claim 28, wherein the monitor view includes a bid graphic and an offer graphic that may be actuated by a user to populate a price field and a size field.

32. The method of claim 31, wherein actuation of the bid or offer graphics populates a user'"'"'s preferred bid or offer IDB with a user'"'"'s preferred bid or offer size based on user preferences included in a user'"'"'s service profile.

33. The method of claim 27, wherein the monitor view includes at least one cancel graphic that, when actuated by a user, initiates cancellation of a pending bid or offer of the user.

34. The method of claim 27, wherein the monitor view includes a price spinner configured to change a user'"'"'s open price across multiple IDBs as a result of a single actuation of the spinner.

35. The method of claim 27, wherein the monitor view includes at least one stack indicating a depth of a financial instrument market specific to a particular IDB.

36. The method of claim 35, wherein the monitor view includes a plurality of stacks ordered in accordance with a preference of the user.

37. The method of claim 1, wherein the graphical user interface includes at least one blotter view.

38. The method of claim 37, wherein the blotter view is configured to display information about a user'"'"'s trades.

39. The method of claim 38, wherein the information about the user'"'"'s trades includes at least one of:

trade identification data,

IDB indicator data;

financial instrument identification data,

trade time data,

trade type;

trade size; and

trade price.

40. The method of claim 38, wherein the information about the user'"'"'s trade includes subsets of the user'"'"'s trade history including the user'"'"'s open orders, executed trades, or cancelled orders.

41. The method of claim 1, wherein the graphical user interface includes a message view that is configured to display status messages and additional data feeds including market analytics from the IDBs.

42. The method of claim 1, wherein the graphical user interface includes a price matrix view, monitor view, at least one blotter view and a message view.

43. The method of claim 1, wherein the graphical user interface includes a price spinner configured to change a user'"'"'s open price across multiple IDBs as a result of a single actuation of the spinner.

44. The method of claim 1, wherein the monitor view includes a price spinner configured to change a user'"'"'s open price across multiple IDBs as a result of a single click of the price spinner by the user.

45. Computer-readable media tangibly embodying an interface program of instructions executable by a machine to provide a graphical user interface to a computer program for providing an interface to financial instrument market data provided by at least two IDBs, the interface program comprising code to effect:

displaying financial instrument market data on a screen of the visual display unit at a user'"'"'s computer system;

in response to said displaying, obtaining order data from the user and providing the order data to an system engine included in the multi-IDB interface system;

forwarding the order data to at least one IDB based on the order data.

46. The media of claim 45, wherein the financial instrument market data includes data that is specific to at least one financial instrument based on data received from at least two IDBs.

47. The media of claim 45, wherein the order data includes trade data and cancellation data.

48. The media of claim 45, wherein the trade data includes at least one of:

trade identification data;

IDB indicator data;

financial instrument identification data;

trade description data;

data indicating when a trade was created;

data indicating a trade type;

trade size data;

price data;

data related to trade settlement; and

data indicating any type of commission associated with the trade.

49. The media of claim 48, wherein trade identification data includes values that are numbers and are generated by the multi-IDB interface system.

50. The media of claim 48, wherein the order data includes at least one of:

order identification data;

IDB indicator data;

financial instrument identification data;

order status data;

creator identification data;

creation time data

data indicating an identity of a modifier of an order;

data indicating a modification time of an order;

order type data;

order size data; and

price data.

51. The media of claim 45, wherein the graphical user interface is configured to display consolidated IDB prices for at least one financial instrument.

52. The media of claim 45, wherein the graphical user interface is configured to allow for single keystroke execution of an order for at least one financial instrument.

53. The media of claim 45, wherein the graphical user interface is configured to display a screen that is particular to a specific financial instrument.

54. The media of claim 45, wherein the graphical user interface is configured to be customizable to a particular user or to a particular group of users based on at least one user service profile associated with the user or group of users.

55. The media of claim 45, wherein the graphical user interface includes at least one price matrix view that includes data describing the particular financial instrument, at least one IDB seeking to buy that financial instrument, and an associated bid price and bid size.

56. The media of claim 55, wherein the price matrix view further includes data identifying at least one IDB offering to sell that financial instrument and an associated offer price and offer size.

57. The media of claim 55, wherein the price matrix view includes expandable rows that initially indicate the best bid and offer data for a particular financial instrument, and in response to an operation by a user, expand to display additional bid and offer data from IDBs for that particular financial instrument.

58. The media of claim 57, wherein the additional bid and offer data corresponds to bids and offers that are below the market for that particular financial instrument.

59. The media of claim 45, wherein the graphical user interface includes a monitor view that is configured to provide an interface through which the user may enter orders and execute trades with multiple IDBs.

60. The media of claim 45 wherein the graphical user interface includes at least one blotter view configured to display information about a user'"'"'s trades.

61. The media of claim 45, wherein the graphical user interface includes a message view that is configured to display status messages and additional data feeds including market analytics from the IDBs.

62. The media of claim 45, wherein the media is stored on a memory device that is at includes at least one of:

RAM;

ROM;

disk;

CD ROM;

ASIC;

external RAM; and

external ROM.