On-screen price lock for electronic trading
First Claim
1. A system for locking a price in an electronic trading system for products, the trading system including an exchange server coupled to trading computers, the exchange server-sending current prices of products for bid or offer by users of the trading computer and wherein the exchange server updates the current prices based on bids or offers, the system including a computer program having a user interface screen displayed on the trading computers and a user input device allowing a cursor to appear on the user interface screen, comprising:
- a series of product orders;
a series of cells of prices offered for the product orders;
a series of cells of prices bid for the product orders;
a price lock window which appears when the cursor is moved over any cell in the series of cells of prices offered for the products or the series of prices bid for the products; and
wherein the price lock window displays the price in the cell at the moment the cursor enters the cell and wherein the system allows a user to initiate an order at the displayed price if the current price matches the displayed price.
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Accused Products
Abstract
A system and method of providing an on screen window having a price held for further transactions on an interface for traders of financial instruments. The interface contains a display of products for trading and respective prices for bids and offers. Selection of a particular product results in the display of the price of the product at the instant time the product is selected. The price is held until a confirming key or mouse stroke is received to initiate a trading action such as placing a new order, killing an existing order or hitting or lifting an order. The trading action is allowed only if the displayed locked price matches the current price thus preventing actions when the underlying price has changed in between the selection and initiation of the trading action.
89 Citations
19 Claims
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1. A system for locking a price in an electronic trading system for products, the trading system including an exchange server coupled to trading computers, the exchange server-sending current prices of products for bid or offer by users of the trading computer and wherein the exchange server updates the current prices based on bids or offers, the system including a computer program having a user interface screen displayed on the trading computers and a user input device allowing a cursor to appear on the user interface screen, comprising:
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a series of product orders;
a series of cells of prices offered for the product orders;
a series of cells of prices bid for the product orders;
a price lock window which appears when the cursor is moved over any cell in the series of cells of prices offered for the products or the series of prices bid for the products; and
wherein the price lock window displays the price in the cell at the moment the cursor enters the cell and wherein the system allows a user to initiate an order at the displayed price if the current price matches the displayed price. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method for locking a price for trading actions in an electronic trading system for products, the trading system including an exchange server coupled to trading computers, the exchange server sending current prices of products for bid or offer by users of the trading computer and wherein the exchange server updates the current prices based on bids or offers, the trading computer including a computer program having a user interface screen displayed on the trading computers and a user input device allowing a cursor to appear on the user interface screen, the method comprising:
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displaying a series of cells each having a product order;
displaying a series of cells each having a price offered for the product orders;
displaying a series of cells each having a price bid for the product orders;
displaying a price lock window when the cursor is moved over any of the series of cells having prices offered for the products or the series of cells having prices bid for the products;
displaying the price in the cell at the moment the cursor enters the cell in the price lock window; and
allowing a user to initiate an order at the displayed price if the current price matches the displayed price. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19)
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Specification