Systems and methods for quoting a two-sided market

• US 20030154152A1
• Filed: 10/18/2001
• Published: 08/14/2003
• Est. Priority Date: 10/18/2001
• Status: Active Grant

• Current Assignee: BGC Partners Incorporated (BGC Group, Inc.)
• Original Assignee: BGC Partners Incorporated (BGC Group, Inc.)
• Inventors: Gilbert, Mariann, Gilbert, Andrew C., Stergiopoulos, Angela, Stergiopoulos, Andrew
• Application Number:
  US09/982,709
• Publication Number:
  US 20030154152A1
• 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

Systems and methods for instantly quoting a two-sided market. Using these systems and methods, a trader can use various trading interfaces to initiate two-sided market orders based on a value submitted and a pre-set spread amount as configured by the trader.

Claims

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

receiving a submission of a bid command from a trader;

generating an offer value based on the submitted bid command;

receiving a confirmation command from the trader to confirm the submission; and

submitting a bid and offer command in response to the confirmation command from 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 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 when the trader selects a bid price as the piece of the bid and offer data.

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

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

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

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

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

10. The method of claim 1, wherein the submission of the bid command is received as a keyboard entry of the bid command.

11. The method of claim 1, further comprising automatically displaying the interactive trading interface containing the confirmation command in response to the submission of the bid command.

12. The method of claim 1, further comprising automatically repositioning a pointing device pointer to be positioned over a button in an interactive trading interface corresponding to the bid command.

13. The method of claim 12, wherein the pointing device pointer is repositioned to over a bid button in the interactive trading interface.

14. A method for submitting a two-sided market trading command in an electronic trading system, comprising:

receiving a submission of a bid command from a trader via a first trading command entry interface;

generating an offer value based on the submitted bid command;

presenting a second interface that contains information relating to a bid and offer command;

requesting confirmation of the submission of the bid and offer command; and

submitting the bid and offer command in response to the confirmation.

15. The method of claim 14, 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 command via the first trading command entry interface.

16. The method of claim 15, further comprising coloring the piece of the bid and offer data in the first trading command entry interface.

17. The method of claim 15, further comprising submitting a bid command when the trader selects a bid price as the piece of the bid and offer data.

18. The method of claim 15, wherein the first trading command entry interface is a market cell.

19. The method of claim 15, wherein the first trading command entry interface is a spread sheet.

20. The method of claim 15, wherein the first trading command entry interface is a data window.

21. The method of claim 15, wherein the first trading command entry interface is an entry window.

22. The method of claim 15, wherein the first trading command entry interface is a web page.

23. The method of claim 14, wherein the submission of the bid command is received as a keyboard entry and wherein the first trade command entry interface is a command-line interface.

24. The method of claim 23, further comprising overriding the generated offer value where the trader submitted a bid price, an offer price, a bid size, and an offer size in the command-line interface.

25. The method of claim 14, further comprising automatically displaying the second interface in response to the submission of the bid command.

26. A method for submitting a two-sided market trading command in an electronic trading system, comprising:

receiving data related to a tradable item data display;

presenting an interactive data display including a user interface appearance, the user interface appearance being based at least in part on the tradable item data display;

receiving a selection of an item in the interactive data display that corresponds to a bid command;

generating an offer value based on the submitted bid command; and

submitting a bid and offer command.

27. The method of claim 26, wherein the tradable item data display is a data window.

28. The method of claim 26, wherein the tradable item data display is a spread sheet.

29. The method of claim 26, wherein the tradable item data display is a web page.

30. A method for submitting a two-sided market trading command in an electronic trading system, comprising:

receiving a submission of an offer command from a trader;

generating a bid value based on the submitted offer command;

receiving a confirmation command from the trader to confirm the submission; and

submitting a bid and offer command in response to the confirmation command from the trader.

31. The method of claim 30, 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 an offer command.

32. The method of claim 31, further comprising coloring the piece of the bid and offer data.

33. The method of claim 31, further comprising submitting an offer command when the trader selects an offer price as the piece of the bid and offer data.

34. The method of claim 31, wherein the current bid and offer data is displayed in a market cell.

35. The method of claim 31, wherein the current bid and offer data is displayed in a spread sheet.

36. The method of claim 31, wherein the current bid and offer data is displayed in a data window.

37. The method of claim 31, wherein the current bid and offer data is displayed in an entry window.

38. The method of claim 31, wherein the current bid and offer data is displayed in a web page.

39. The method of claim 30, wherein the submission of the offer command is received as a keyboard entry of the offer command.

40. The method of claim 30, further comprising automatically displaying the interactive trading interface containing the confirmation command in response to the submission of the offer command.

41. The method of claim 30, further comprising automatically repositioning a pointing device pointer to be positioned over a button in an interactive trading interface corresponding to the offer command.

42. The method of claim 41, wherein the pointing device pointer is repositioned to over an offer button in the interactive trading interface.

43. A method for submitting a two-sided market trading command in an electronic trading system, comprising:

receiving a submission of an offer command via a first trading command entry interface;

generating a bid value based on the offer command;

presenting a second interface that relates to a bid and offer command;

requesting a confirmation of the submission of the bid and offer command;

receiving the confirmation; and

submitting the bid and offer command in response to the confirmation.

44. The method of claim 43, 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 an offer command via the first trading command entry interface.

45. The method of claim 44, further comprising coloring the piece of the bid and offer data in the first trading command entry interface.

46. The method of claim 44, further comprising submitting an offer command when the trader selects an offer price as the piece of the bid and offer data.

47. The method of claim 44, wherein the first trading command entry interface is a market cell.

48. The method of claim 44, wherein the first trading command entry interface is a spread sheet.

49. The method of claim 44, wherein the first trading command entry interface is a data window.

50. The method of claim 44, wherein the first trading command entry interface is an entry window.

51. The method of claim 44, wherein the first trading command entry interface is a web page.

52. The method of claim 43, wherein the submission of the offer command is received as a keyboard entry and wherein the first trade command entry interface is a command-line interface.

53. The method of claim 52, further comprising overriding the generated bid value where the trader submitted a bid price, an offer price, a bid size, and an offer size in the command-line interface.

54. The method of claim 43, further comprising automatically displaying the second interface in response to the submission of the offer command.

55. A method for submitting a two-sided market trading command in an electronic trading system, comprising:

receiving data related to a tradable item data display;

presenting an interactive data display including a user interface appearance based at least in part on the tradable item data display;

receiving a selection of an item in the interactive data display that corresponds to an offer command;

generating a bid value based on the submitted offer command; and

submitting a bid and offer command.

56. The method of claim 55, wherein the tradable item data display is a data window.

57. The method of claim 55, wherein the tradable item data display is a spread sheet.

58. The method of claim 55, wherein the tradable item data display is a web page.