Click based trading with intuitive grid display of market depth

• US 20070038554A1
• Filed: 10/25/2006
• Published: 02/15/2007
• Est. Priority Date: 03/02/2000
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Schluetter, Jens-Uwe, Brumfield, Harris, Kemp, Gary
• Granted Patent: US 7,904,374 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• 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

A method and system for reducing the time it takes for a trader to place a trade when electronically trading on an exchange, thus increasing the likelihood that the trader will have orders filled at desirable prices and quantities. The “Mercury” display and trading method of the present invention ensure fast and accurate execution of trades by displaying market depth on a vertical or horizontal plane, which fluctuates logically up or down, left or right across the plane as the market prices fluctuates. This allows the trader to trade quickly and efficiently.

Claims

1. A method of displaying, on an electronic display device, the market depth of a commodity traded in a market, said method comprising:

dynamically displaying a plurality of bids in the market for said commodity;

dynamically displaying of a plurality of asks in the market for said commodity; and

statically displaying prices corresponding to said plurality of bids and asks;

wherein said pluralities of bids and asks are dynamically displayed in alignment with the prices corresponding thereto.

2-40. -40. (canceled)