Foreign exchange trading interface

• US 20050060256A1
• Filed: 07/02/2004
• Published: 03/17/2005
• Est. Priority Date: 09/12/2003
• Status: Abandoned Application

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Peterson, Andrew, LeGelebart, Marc, Eaglesfield, Irene, Sablic, Tamara, Zhou, AiHua, Wah, WanHo, Hubble, Suzanne Lesley, Theodorou, Elena, Sagurton, Robert, Miller, Lawrence
• Application Number:
  US10/884,111
• Publication Number:
  US 20050060256A1
• 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
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A method for providing an interface for Foreign Exchange trading centered on an FX rate tile. The tile interface offers harmonized order and RFQ submission workflows. Users can also configure order and quote parameters by using input features of the tile display. The tile also serves as a flexible unit of display and order/quote creation. The tile can be resize, rearranged, torn off and joined into new windows. The above described features contribute to provide a unique harmonized, flexible, “tiled” foreign exchange trading interface.

Claims

1. A method for implementing a trading interface for a user on a computer system having a display, said method comprising:

displaying an icon representative of an instrument for trading;

displaying a quantity of the instrument in the icon;

receiving a stream of purchase information for the instrument and displaying the purchase information stream in the icon;

receiving a sales information stream for the instrument and displaying the sales information stream in the icon;

providing a first location in the icon for the user to indicate a purchase relative to the current display; and

providing a second location in the icon for the user to indicate a sale relative to the current display.

2. A method in accordance with claim 1 wherein displaying said icon comprises displaying a tile.

3. A method in accordance with claim 1 further including:

placing an order for the instrument responsive to the user activating one of the first location in the icon and the second location in the icon.

4. A method in accordance with claim 1 further including:

placing a sell order responsive to the user activating the first location in the icon.

5. A method in accordance with claim 1 further including:

placing a buy order responsive to the user activating the second location in the icon.

6. A method in accordance with claim 1 further including:

providing a third location for the user to enter a quantity.

7. A method in accordance with claim 6 wherein the sales information stream includes a quantity and wherein the method further includes:

the user entering a quantity in the third location;

placing a sell order responsive to the user activating the second location in the icon if the user entered quantity is less than or equal to the sales information stream quantity.

8. A method in accordance with claim 6 wherein the sales information stream includes a quantity and wherein the method further includes:

the user entering a quantity in the third location;

placing a request for quote responsive to the user activating the second location if the user-entered quantity is greater than the sales information stream quantity.

9. A method in accordance with claim 6 wherein the purchase information stream includes a quantity and wherein the method further includes:

the user entering a quantity in the third location;

placing a buy order responsive to the user activating the first location in the icon if the user entered quantity is less than or equal to the sales information stream quantity.

10. A method in accordance with claim 6 wherein the purchase information stream includes a quantity and wherein the method further includes:

the user entering a quantity in the third location;

placing a request for quote responsive to the user activating the first location in the icon if the user entered quantity is greater than the sales information stream quantity.

11. A method in accordance with claim 1 wherein providing a first location in the icon for the user to indicate a purchase comprises providing a first location responsive to a first indicia to execute a purchase and responsive to a second indicia to execute a request for quote.

12. A method in accordance with claim 11 wherein providing a first location responsive to a first indicia comprises providing a first location responsive to an entry indication.

13. A method in accordance with claim 12 wherein said entry indication comprises a left mouse click.

14. A method in accordance with claim 11 wherein providing a first location responsive to a second indicia to execute a request for quote comprises providing a first location responsive to an entry indication.

15. A method in accordance with claim 14 wherein said entry indication comprises a right mouse click.

16. A method in accordance with claim 1 wherein displaying an icon comprises displaying a plurality of icons.

17. A method in accordance with claim 16 wherein displaying a plurality of icons comprises displaying a plurality of icons in a first group.

18. A method in accordance with claim 16 further including:

moving one of said plurality of icons from said first group into a second group.

19. A method in accordance with claim 16 further including:

moving a second one of said plurality of icons from said first group into said second group.

20. A method in accordance with claim 16 further including:

moving more than one of said plurality of icons from said first group into a second group.