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System and Method for Chart Based Order Entry

  • US 20080243710A1
  • Filed: 03/29/2007
  • Published: 10/02/2008
  • Est. Priority Date: 03/29/2007
  • Status: Active Grant
First Claim
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1. A method for chart based order entry, comprising:

  • receiving market data corresponding to a tradable object, the market data comprising an inside market with a highest bid price and a lowest ask price currently available for the tradable object;

    displaying historical market data corresponding to the tradable object on a chart, the historical market data being mapped to a plurality of values along a value axis, wherein the historical market data displayed on the chart is updated as the market data corresponding to the tradable object is received;

    displaying a movable order entry interface in relation to the chart, the order entry interface comprising a plurality of price objects for selecting price levels to be used for trade orders to buy or sell the tradable object, wherein the plurality of price levels displayed in relation to the plurality of price objects are set based on a location of the order entry interface in relation to the chart;

    moving the order entry interface in relation to the chart to a new location;

    dynamically displaying a new plurality of price levels via the order entry interface based on the new location of the order entry interface in relation to the chart;

    freezing the new plurality of price levels displayed via the order entry interface upon detecting a user input;

    selecting one of the new plurality of price levels displayed via the order entry interface to be used as a price level for a trade order to buy or sell the tradable object; and

    sending the trade order to an electronic matching engine.

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