System and method for calculating and displaying volume to identify buying and selling in an electronic trading environment
First Claim
1. A method for calculating a value associated with buying and selling a tradeable object being traded on an electronic exchange, the method comprising:
- receiving market information corresponding to the tradeable object, the market information comprising a last traded price, a last traded quantity for the tradeable object, and an inside market with a highest bid price and a lowest ask price currently available for the tradeable object;
comparing the last traded price to the inside market to determine if a last trade occurred on a bid side or on an ask side based on received market information; and
determining a current running total volume by adding or subtracting the last traded quantity from a preceding running total volume, based on the determination of whether the last trade occurred on the bid side or on the ask side.
3 Assignments
0 Petitions
Accused Products
Abstract
A system and method are provided for calculating and displaying volume to identify aggressive buying or selling activity. In a preferred embodiment, market information such as the inside market, last traded price, and last traded quantity is received from the electronic exchange and is used to assist a trader in determining the initiative side of a trade, either bid side or ask side. Once a determination is made, the result may be used to assist a trader analyzing the market volume. Other features and advantages are described herein.
34 Citations
2 Claims
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1. A method for calculating a value associated with buying and selling a tradeable object being traded on an electronic exchange, the method comprising:
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receiving market information corresponding to the tradeable object, the market information comprising a last traded price, a last traded quantity for the tradeable object, and an inside market with a highest bid price and a lowest ask price currently available for the tradeable object;
comparing the last traded price to the inside market to determine if a last trade occurred on a bid side or on an ask side based on received market information; and
determining a current running total volume by adding or subtracting the last traded quantity from a preceding running total volume, based on the determination of whether the last trade occurred on the bid side or on the ask side.
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2-20. -20. (canceled)
Specification