Click based trading with market depth display
First Claim
1. A method of placing a trade order for a commodity on an electronic exchange using a client system with a user input device and with preset parameters for trade orders, the method comprising:
- displaying a market depth of the commodity through a dynamic display of prices and quantities of a plurality of bids and asks in the market for the commodity; and
initiating placement of a trade order of the commodity in response to a single action of the user input device with a pointer of the user input device positioned over an area in said dynamic display;
wherein contents of the trade order are based in part upon the preset parameters and the position of the pointer at the time of said single action.
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Accused Products
Abstract
A method and system for reducing the time it takes for a trader to place a trade when electronically trading commodities on an exchange, thus increasing the likelihood that the trader will have orders filled at desirable prices and quantities. Click based trading, as described herein and specifically the “Click” and “Dime” methods of the present invention, enables a trader to execute single mouse click trades for large volumes of commodities at a price within a pre-specified range.
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Citations
1 Claim
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1. A method of placing a trade order for a commodity on an electronic exchange using a client system with a user input device and with preset parameters for trade orders, the method comprising:
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displaying a market depth of the commodity through a dynamic display of prices and quantities of a plurality of bids and asks in the market for the commodity; and
initiating placement of a trade order of the commodity in response to a single action of the user input device with a pointer of the user input device positioned over an area in said dynamic display;
wherein contents of the trade order are based in part upon the preset parameters and the position of the pointer at the time of said single action.
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Specification