System and method for performing automatic spread trading

• US 20060259412A1
• Filed: 05/03/2006
• Published: 11/16/2006
• Est. Priority Date: 03/05/2002
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Schluetter, Jens-Uwe, Singer, Scott, Brumfield, Harris, Monroe, Fred, Kemp, Gary Allan II, Burns, Mike, Babulak, David
• Granted Patent: US 7,389,264 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• 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

The present embodiments are provided to facilitate the automatic trading of spreads in a fast and accurate manner. One or more market data feeds that contain market information for tradeable objects are received at an exchange. A spread data feed is generated in response to the market data feeds and from one or more spread setting parameters, which can be entered by a user. The spread data feed is preferably displayed in a spread window as bid and ask quantities associated with an axis or scale of prices. The user can enter orders in the spread window and the legs will be automatically worked to achieve, or attempt to achieve, the spread. In addition, other tools disclosed herein may be utilized to assist the user in making such trades.

Claims

1. A method for generating a spread for trade, the method comprising:

receiving a plurality of market data feeds;

receiving a plurality of spread setting parameters;

generating a spread data feed corresponding to the plurality of market data feeds and the plurality of spread setting parameters; and

displaying the spread data feed as a plurality of bids and asks, and statically displaying prices corresponding to the plurality of bids and asks, wherein the plurality of bids and asks are displayed in alignment with the prices corresponding thereto.

2-21. -21. (canceled)