Method and apparatus for on-line trading display
First Claim
1. A system for monitoring market price of a market for tradable interests and for submitting offers for the tradable interest to the market, comprising:
- a computer connected to receive data from a market for the tradable interest, the data including price data for offers to buy and offers to sell the tradable interest submitted to the market; and
software operable on said computer to display the price data in an ordered display, said ordered display indicating offers to buy in a first display area and indicating offers to sell in a second display area and displaying market price in a market price area intermediate said first and second display areas, said ordered display having two display modes, a first display mode of said ordered display maintaining the market price area at a predetermined fixed location on the display and changing price data in said first and second display areas and said market price area as market data is updated from the market, a second display mode of said ordered display maintaining the price data in stationary locations on the display and changing locations on the display of said market price area as market data is updated from the market, said display switching between said first mode and said second mode as a cursor is over predetermined locations on the display by a user.
4 Assignments
0 Petitions
Accused Products
Abstract
The present method and software provides a display for a trader in tradable instruments that shows the market price and market depth. The display dynamically updates with data received from an electronic exchange and centers on the market price. Upon the trader moving a cursor over a trade entering portion of the screen to make a trade, the price is held stationary and no longer centers on the market price so as to permit the trader to select a price and quantity for trading. The displayed data is still being updated in the stationary screen, however. The trade is made by the trader selecting a price and quantity on the display. Movement of the cursor away from the trade selecting area results in the display again automatically centering on the market price in the dynamic display mode.
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Citations
20 Claims
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1. A system for monitoring market price of a market for tradable interests and for submitting offers for the tradable interest to the market, comprising:
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a computer connected to receive data from a market for the tradable interest, the data including price data for offers to buy and offers to sell the tradable interest submitted to the market; and
software operable on said computer to display the price data in an ordered display, said ordered display indicating offers to buy in a first display area and indicating offers to sell in a second display area and displaying market price in a market price area intermediate said first and second display areas, said ordered display having two display modes, a first display mode of said ordered display maintaining the market price area at a predetermined fixed location on the display and changing price data in said first and second display areas and said market price area as market data is updated from the market, a second display mode of said ordered display maintaining the price data in stationary locations on the display and changing locations on the display of said market price area as market data is updated from the market, said display switching between said first mode and said second mode as a cursor is over predetermined locations on the display by a user. - View Dependent Claims (2, 3)
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4. A method for display of market price on a market for tradable interests and for submitting offers for the tradable interest to the market, comprising the steps of:
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receiving data from a market for the tradable interest, the data including price data for offers to buy and offers to sell the tradable interest submitted to the market;
displaying the price data in an ordered display, said ordered display indicating offers to buy in a first display area and indicating offers to sell in a second display area and displaying market price in a market price area intermediate said first and second display areas, said ordered display having two display modes;
a first display mode of said ordered display maintaining the market price at a predetermined fixed location on the display and changing price data in said first and second display areas and said market price area as market data is updated from the market;
a second display mode of said ordered display maintaining the price data in stationary locations on the display and changing locations of said market price area as market data is updated from the market; and
switching between said first mode and said second mode as a pointer is cursor over predetermined locations on the display by a user. - View Dependent Claims (5, 6)
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7. A method for display of market data for a tradable interest, comprising the steps of:
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providing an ordered display of market data including price data from an electronic exchange, the ordered display being ordered by price, the ordered display showing offers to buy in a first area of the display and showing offers to sell in a second area of the display and showing current market price in a third area of the display;
in a first display mode, maintaining said first and second and third areas of the display in stationary locations on the display as updated market data is received from the electronic exchange, the price data displayed in said first and second and third area changing as the market data is updated;
in a second display mode, maintaining the price data in stationary locations on the display as updated market data is received from the electronic exchange, the first and second and third areas moving on the display as market data is updated including potentially moving off the display;
switching between said first display mode and said second display mode depending on a user action. - View Dependent Claims (8, 9, 10, 11, 12, 13)
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14. Software on computer readable media and operable on a computer to perform the method comprising the steps of:
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providing an ordered display of market data including price data from an electronic exchange, the ordered display being ordered by price, the ordered display showing offers to buy in a first area of the display and showing offers to sell in a second area of the display and showing current market price in a third area of the display;
in a first display mode, maintaining said first and second and third areas of the display in stationary locations on the display as updated market data is received from the electronic exchange, the price data displayed in said first and second and third area changing as the market data is updated;
in a second display mode, maintaining the price data in stationary locations on the display as updated market data is received from the electronic exchange, the first and second and third areas moving on the display as market data is updated including potentially moving off the display;
switching between said first display mode and said second display mode depending on a user action. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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Specification