Systems and methods for providing a trading interface with advanced features

• US 20060080225A1
• Filed: 09/16/2005
• Published: 04/13/2006
• Est. Priority Date: 05/14/2001
• Status: Active Grant

• Current Assignee: BGC Partners Incorporated (BGC Group, Inc.)
• Original Assignee: eSpeed Incorporated (BGC Group, Inc.)
• Inventors: Lutnick, Howard W., Gilbert, Andrew C., Gilbert, Mary Ann, Kirwin, Joan, Kirwin, Glen D.
• Granted Patent: US 9,721,297 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/0633 Lists, e.g. purchase orders, compilation or processing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

Systems and methods for a trading interface with advanced features are provided. Using these systems and methods, a user may create orders, manipulate orders, cancel orders, configure alternative keyboard settings, and/or obtain additional information on transactions. When a user clicks on a bid and/or offer, a dialog box may pop-up, thereby providing the user with multiple options. To enable customization of the keyboard settings to a user'"'"'s preference, a keyboard settings feature is provided. Users may also be provided with additional information relating to the user'"'"'s wish to transact.

Claims

1. A method for determining the desire of a user to transact, comprising:

detecting a submission of a bid from a first user via a first trading interface, wherein the submission comprises a price and a size;

detecting a submission of an offer from a second user via the first trading interface, wherein the submission comprises a price and a size;

determining the respective desires of the first user and the second user to complete the transaction; and

displaying a visual indicator in an interactive data display that reflects the respective desires of the first user and the second user to complete the transaction.

2. The method of claim 1, wherein the visual indicator is a direction indicator.

3. The method of claim 1, further comprising displaying a green arrow in the display when the size of the bid from the first user is greater than the size of the offer from second user.

4. The method of claim 1, further comprising displaying a red arrow in the display when the size of the offer from the second user is greater than the size of the bid from the first user.

5. The method of claim 1, further comprising displaying a down arrow in the display when the transaction price is equivalent to the price of the bid.

6. The method of claim 1, further comprising displaying an up arrow in the display when the transaction price is equivalent to the price of the offer.

7. The method of claim 1, further comprising displaying a yellow arrow in the display when at least one bid and offer is not detected.

8. The method of claim 7, wherein the yellow arrow is an up arrow when at least one bid has not been detected.

9. The method of claim 7, wherein the yellow arrow is a down arrow when at least one offer has not been detected.

10. A system for determining the desire of a user to transact, comprising:

a trading system configured to;

detect submission of a bid from a first user via a first trading interface, wherein the submission comprises a price and a size;

detect a submission of an offer from a second user via the first trading interface, wherein the submission comprises a price and a size;

determine the respective desires of the first user and the second user to complete the transaction; and

display a visual indicator in an interactive data display that reflects the respective desires of the first and second users to complete the transaction.

11. The system of claim 10, wherein the visual indicator is a direction indicator.

12. The system of claim 10, wherein the trading system is further configured to display a green arrow in the display when the size of the bid from the first user is greater than the size of the offer from second user.

13. The system of claim 10, wherein the trading system is further configured to display a red arrow in the display when the size of the offer from the second user is greater than the size of the bid from the first user.

14. The system of claim 10, wherein the trading system is further configured to display a down arrow in the display when the transaction price is equivalent to the price of the bid.

15. The system of claim 10, wherein the trading system is further configured to display an up arrow in the display when the transaction price is equivalent to the price of the offer.

16. The system of claim 10, wherein the trading system is further configured to display a yellow arrow in the display when at least one bid and offer is not detected.

17. The system of claim 16, wherein the trading system is further configured to display a yellow and up arrow when at least one bid has not been detected.

18. The system of claim 16, wherein the trading system is further configured to display a yellow and down arrow when at least one offer has not been detected.