Method for trading using volume submissions
First Claim
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1. An improved method for buying and selling over an exchange, comprising:
- displaying on an electronic display a price region comprised of a plurality of different prices, a bidding lot region comprised of a plurality of bids for lots at a different prices, and an offering lot region comprised of a plurality of offers for lots at different prices, updating said regions of said display to reflect real-time trading action of said exchange;
providing a user input interface with the exchange which receives a user input in the form of a command for a desired number of lots, and a communication linkage which registers said input with the exchange;
generating on said electronic display a graphical user lot input window which includes a plurality of predefined selections corresponding to different desired lot volumes;
linking an input to said lot input window to a predefined price; and
implementing a user lot input by a single click on a desired lot volume of said lot input window.
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Abstract
A method for reducing the amount of time for a user to submit an order is provided. Volume submission allows a user to submit and revise orders with a single action on a volume entry region. Typically, a user has to set a price and quantity. Many users wait for specific prices or track prices dynamically based on predefined criteria. These trading styles eliminate the need to set the price manually for each transaction. It is advantageous to provide a list or menu of buttons or selections with preconfigured volumes for the user to choose, thus allowing the single action of choosing the volume to submit the order.
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Citations
10 Claims
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1. An improved method for buying and selling over an exchange, comprising:
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displaying on an electronic display a price region comprised of a plurality of different prices, a bidding lot region comprised of a plurality of bids for lots at a different prices, and an offering lot region comprised of a plurality of offers for lots at different prices, updating said regions of said display to reflect real-time trading action of said exchange;
providing a user input interface with the exchange which receives a user input in the form of a command for a desired number of lots, and a communication linkage which registers said input with the exchange;
generating on said electronic display a graphical user lot input window which includes a plurality of predefined selections corresponding to different desired lot volumes;
linking an input to said lot input window to a predefined price; and
implementing a user lot input by a single click on a desired lot volume of said lot input window. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method for trading futures over an exchange, wherein said futures correspond to contracts that have an inside market that reflects a best offer and a best bid for a particular contract, the method comprising:
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displaying on an electronic display a price region for each contract;
wherein each price region includes a best offer and a best bid associated with a respective prices;
displaying on an electronic display a user input interface separate from the price region for each contract;
wherein said graphical user interface includes two or more predefined selections corresponding to a desired volume that is set to a predefined price;
selecting one of the predefined selections within the user input interface to initialize a trade for futures.
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Specification