Systems for electronic trading

• US 20040030635A1
• Filed: 08/05/2003
• Published: 02/12/2004
• Est. Priority Date: 08/06/2002
• Status: Active Grant

• Current Assignee: REDI Tech LLC
• Original Assignee: REDI Tech LLC
• Inventors: Marigliano, Donald E.
• Granted Patent: US 8,666,869 B2
• 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 are provided to manage option information. According to some embodiments, a user interface is provided including at least one option quote area presenting a plurality of option quotes, and an order entry area comprising input areas for inputting two or more option orders. A selection of one of the presented plurality of option quotes may be received and details of an option order corresponding to the selected option quote may be presented in appropriate input areas of the order entry area. In some aspects, a number of option quotes to present in at least one of the at least one option quote area is received, and the number of option quotes is presented in the at least one of the at least one option quote area.

Claims

1. A user interface comprising:

at least one option quote area presenting a plurality of option quotes; and

an order entry area comprising input areas for inputting two or more option orders.

2. A user interface according to claim 1, further comprising:

a submit control usable by a user to place the two or more option orders.

3. A user interface according to claim 1, wherein selection of one of the presented plurality of option quotes results in population of appropriate input areas of the order entry area with an option order corresponding to the selected option quote.

4. A user interface according to claim 3, wherein selection of a second one of the presented plurality of option quotes results in population of second appropriate input areas of the order entry area with a second option order corresponding to the second selected option quote.

5. A user interface according to claim 1, further comprising:

a control usable to specify a number of option quotes to present in at least one of the at least one option quote area.

6. A user interface according to claim 1, further comprising:

a control usable to specify a number of strike prices above and/or below a particular option strike price for which associated option quotes should be presented in at least one of the at least one option quote area.

7. A user interface according to claim 6, wherein the particular strike price is equal to a current price of a security underlying the option.

8. A user interface according to claim 1, wherein a presented option quote is associated with a color determined based on a difference between a strike price of the presented option quote and a price of a security underlying the presented option quote.

9. A user interface according to claim 1, wherein each presented option quote is associated with an option exchange, and wherein all presented option quotes associated with a particular option exchange are associated with a color that is associated with the particular option exchange.

10. A user interface comprising:

at least one option quote area presenting a plurality of option quotes; and

a control usable to specify a number of strike prices above and/or below a particular option strike price for which associated option quotes should be presented in at least one of the at least one order entry area.

11. A user interface according to claim 10, wherein a presented option quote is associated with a color determined based on a difference between a strike price of the presented option quote and a price of a security underlying the presented option quote.

12. A user interface according to claim 10, wherein each presented option quote is associated with an option exchange, and wherein all presented option quotes associated with a particular option exchange are associated with a color that is associated with the particular option exchange.

13. A user interface according to claim 10, further comprising:

an order entry area comprising input areas for inputting two or more option orders,

wherein selection of one of the presented plurality of option quotes results in population of appropriate input areas of the order entry area with an option order corresponding to the selected option quote.

14. A user interface according to claim 13, wherein selection of a second one of the presented plurality of option quotes results in population of second appropriate input areas of the order entry area with a second option order corresponding to the second selected option quote.

15. A method comprising:

presenting at least one option quote area presenting a plurality of option quotes; and

presenting an order entry area comprising input areas for inputting two or more option orders.

16. A method according to claim 15, further comprising:

receiving an instruction to place the two or more option orders; and

placing the two option orders.

17. A method according to claim 15, further comprising:

receiving a selection of one of the presented plurality of option quotes; and

presenting details of an option order corresponding to the selected option quote in appropriate input areas of the order entry area.

18. A method according to claim 17, further comprising:

receiving a selection of a second one of the presented plurality of option quotes;

presenting details of a second option order corresponding to the second selected option quote in second appropriate input areas of the order entry area.

19. A method according to claim 15, wherein the step of presenting the at least one option quote area comprises:

receiving a number of option quotes to present in at least one of the at least one option quote area; and

presenting the number of option quotes in the at least one of the at least one option quote area.

20. A method according to claim 15, wherein the step of presenting the at least one option quote area comprises:

receiving a number of strike prices above and/or below a particular option strike price for which associated option quotes should be presented in at least one of the at least one option quote area; and

presenting option quotes associated with the number of strike prices above and/or below the particular option strike price in the at least one of the at least one option quote area.

21. A method according to claim 20, wherein the particular strike price is equal to a current price of a security underlying the option.

22. A method according to claim 15, wherein the step of presenting the at least one option quote area comprises:

determining a color based on a difference between a strike price of an option quote and a price of a security underlying the presented option quote; and

presenting the option quote in association with the color.

23. A method according to claim 15, wherein the step of presenting the at least one option quote area comprises:

determining an option exchange associated with an option quote;

determining a color associated with the option exchange; and

presenting the option quote in association with the color.

24. A medium storing processor-executable process steps, the process steps comprising:

a step to present at least one option quote area presenting a plurality of option quotes; and

a step to present an order entry area comprising input areas for inputting two or more option orders.

25. A medium according to claim 24, the process steps further comprising:

a step to receive a selection of one of the presented plurality of option quotes; and

a step to present details of an option order corresponding to the selected option quote in appropriate input areas of the order entry area.

26. A medium according to claim 25, the process steps further comprising:

a step to receive a selection of a second one of the presented plurality of option quotes; and

a step to present details of a second option order corresponding to the second selected option quote in second appropriate input areas of the order entry area.

27. A medium according to claim 24, wherein the step to present the at least one option quote area comprises:

a step to receive a number of strike prices above and/or below a particular option strike price for which associated option quotes should be presented in at least one of the at least one option quote area; and

a step to present option quotes associated with the number of strike prices above and/or below the particular option strike price in the at least one of the at least one option quote area.

28. A medium according to claim 27, wherein the particular strike price is equal to a current price of a security underlying the option.

29. An apparatus to manage corporate entities, comprising:

a processor; and

a storage device in communication with said processor and storing instructions adapted to be executed by said processor to;

present at least one option quote area presenting a plurality of option quotes; and

present an order entry area comprising input areas for inputting two or more option orders.

30. An apparatus according to claim 29, the instructions further adapted to be executed to:

receive a selection of one of the presented plurality of option quotes; and

present details of an option order corresponding to the selected option quote in appropriate input areas of the order entry area.

31. An apparatus according to claim 30, the instructions further adapted to be executed to:

receive a selection of a second one of the presented plurality of option quotes; and

present details of a second option order corresponding to the second selected option quote in second appropriate input areas of the order entry area.

32. An apparatus according to claim 29, the instructions adapted to be executed to present at least one option quote area comprise instructions adapted to be executed to:

present the at least one option quote area comprises;

receive a number of strike prices above and/or below a particular option strike price for which associated option quotes should be presented in at least one of the at least one option quote area; and

a step to present option quotes associated with the number of strike prices above and/or below the particular option strike price in the at least one of the at least one option quote area.

33. An apparatus according to claim 32, wherein the particular strike price is equal to a current price of a security underlying the option.

34. A system for managing option information, comprising:

an option server for receiving option quote information and for transmitting option quote information; and

a client device for receiving option quote information from the option server, for presenting at least one option quote area presenting a plurality of option quotes, and for presenting an order entry area comprising input areas for inputting two or more option orders.

35. A system according to claim 34, wherein the client device receives a selection of one of the presented plurality of option quotes, and presents details of an option order corresponding to the selected option quote in appropriate input areas of the order entry area.

36. A system according to claim 34, wherein the client device receives a number of option quotes to present in at least one of the at least one option quote area, and presents the number of option quotes in the at least one of the at least one option quote area.

37. A system according to claim 34, wherein the client device receives a number of strike prices above and/or below a particular option strike price for which associated option quotes should be presented in at least one of the at least one option quote area, and presents option quotes associated with the number of strike prices above and/or below the particular option strike price in the at least one of the at least one option quote area.