System and Method for Displaying Money Management Information in an Electronic Trading Environment

• US 20090276352A1
• Filed: 07/16/2009
• Published: 11/05/2009
• Est. Priority Date: 01/31/2003
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: West, Robert A., Burns, Michael J.
• Granted Patent: US 8,396,784 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• 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 system and method for displaying a plurality of profit and risk related indicators are described. A graphical interface displays and dynamically updates a plurality of profit/loss (P/L) indicators including a realized, net, and open indicator. The net and open indicators are based on a trader'"'"'s net position and a current market level, while the realized indicator is based on trader'"'"'s buys and sells associated with a tradeable objects. In one embodiment, the plurality of indicators are displayed in relation to a plurality of money management regions defining a maximum order quantity and a maximum net position controlling the trader'"'"'s trades, so that a trader can quickly determine his current as well as potential money management parameters. The graphical interface may also display a plurality of potential risk/gain indicators in relation to a realized profit indicator so that a trader, before entering an order having a predetermined order quantity, can view a potential risk/gain in entering into a predetermined net position in view of potential market movements.

Claims

1. A computing device for money management for trading a tradeable object, comprising:

a market data receiver configured to receive substantially real-time streaming market information for a tradeable object from an electronic exchange;

an order recorder configured to record information associated with orders for the tradeable object submitted to the electronic exchange; and

a monitor configured to display a money management region for a plurality of money management parameters for controlling the orders with respect to the real-time streaming market information, the money management region having a range of profit levels along an axis orthogonal to an axis of a range of quantities associated with the orders, where a first indicator is displayed in a first location of the money management region corresponding to a first set of money management parameters for controlling submission of the orders to the electronic exchange, and where the first indicator is updatable according to the information associated with the orders for the tradeable object submitted to the electronic exchange.

2. The computing device of claim 1 where a second indicator is displayed in a second location of the money management region corresponding to a second set of money management parameters controlling submission of the orders to the electronic exchange, where the second location is updatable according to the substantially real-time streaming market information for the tradeable object from the electronic exchange.

3. The computing device of claim 2 where the first indicator comprises a realized profit indicator for the tradeable object and the second indicator comprises a net profit indicator for the tradeable object.

4. The computing device of claim 2 where the first indicator is updated in response to a profit level corresponding to the first indicator and the second indicator is updated in response to a profit level corresponding to the second indicator.

5. The computing device of claim 1 where the money management region is displayed along a profit level axis and is related to a predetermined profit range.

6. The computing device of claim 5 where the profit level axis comprises a plurality of profit levels.

7. The computing device of claim 5 where the money management region is displayed relative to a quantity axis and comprises a plurality of money management regions, where each of the plurality of money management regions is displayed relative to the profit level axis and the quantity axis and is associated with a set of money management parameters.

8. The computing device of claim 7 where the plurality of money management regions comprise a less restrictive money management region and a more restrictive money management region.

9. The computing device of claim 5 where the first set of money management parameters comprises a profit level range and at least one quantity for controlling at least one parameter of an order.

10. The computing device of claim 9 where the at least one quantity comprises any one of a maximum order quantity, a maximum net position, and a combination thereof.

11. The computing device of claim 7 where the first location corresponds to one of the plurality of money management regions.

12. The computing device of claim 1 where a potential profit indicator corresponding to a plurality of potential profit levels determined based on a predetermined market movement is displayed in the money management region.

13. The computing device of claim 1, wherein a working order indicator is displayed in relation to the first indicator and corresponds to a potential profit level.

14. A method for money management information for a tradeable object, comprising:

receiving, via a processor, substantially real-time streaming market information for a tradeable from an electronic exchange;

recording, via a processor, information associated with orders for the tradeable object submitted to the electronic exchange; and

displaying, via an output device associated with the processor, a money management region for a plurality of money management parameters for controlling submission of the orders, the money management region having a range of profit levels along an axis orthogonal to an axis of a range of quantities associated with a range of quantities of the orders; and

displaying a first indicator in a first location of the money management region corresponding to a first set of money management parameters for controlling submission of the orders to the electronic exchange, where the first indicator is updatable according to the information associated with the orders for the tradeable object.

15. The method of claim 14, further comprising displaying a second indicator in a second location of the money management region corresponding to a second set of money management parameters for controlling the orders, where the second location is updatable according to the substantially real-time streaming market information.

16. The method of claim 15, where the first indicator comprises a realized profit indicator for the tradable object and the second indicator comprises a net profit indicator for the tradable object.

17. The method of claim 15, further comprising:

determining a net profit level and a realized profit level according to the streaming market information;

updating the first indicator to a new first location in response to a change in the net profit level; and

updating the second indicator to a new second location in response to a change in the realized profit level.

18. The method of claim 14, further comprising:

displaying a profit level axis having a plurality of profit levels; and

displaying a quantity level axis, where the money management region is displayed in relation to the profit level axis and the quantity level axis.

19. The method of claim 14 where the money management region comprises a first money management region for a set of less restrictive money management parameters, and a second money management region for a set of more restrictive money management parameters.

20. The method of claim 14 where the plurality of money management parameters comprise any one of maximum order quantity, a maximum net position, and a combination thereof.

21. The method of claim 14, further comprising displaying a potential profit indicator in the money management region for at least one of a plurality of potential profit levels for a predetermined market movement.

22. The method of claim 14, further comprising displaying a working order profit indicator in the money management region.

23. A computer readable medium having instructions stored therein which, when executed by a computing device, cause the computing device to carry out steps comprising:

receiving substantially real-time streaming market information for a tradeable from an electronic exchange;

recording information associated with orders for the tradeable object submitted to the electronic exchange; and

displaying a money management region for a plurality of money management parameters for controlling submission of orders, the money management region having a range of profit levels along an axis orthogonal to an axis of a range of quantities associated with a range of quantities of the orders; and

displaying a first indicator in a first location of the money management region corresponding to a first set of money management parameters for controlling submission of the orders to the electronic exchange, where the first indicator is updatable according to the user information associated with the orders for the tradeable object.

24. The computer readable medium of claim 23, where the steps further comprise displaying a second indicator in a second location of the money management region corresponding to a second set of money management parameters for controlling the orders, where the second location is updatable according to the substantially real-time streaming market information.

25. The computer readable medium of claim 23 where the first indicator comprises a realized profit indicator for the tradable object and the second indicator comprises a net profit indicator for the tradable object.

26. The computer readable medium of claim 25 where the steps further comprise:

determining a net profit level and a realized profit level according to the streaming market information;

updating the first indicator to a new first location in response to a change in the net profit level; and

updating the second indicator to a new second location in response to a change in the realized profit level.

27. The computer readable medium of claim 23 where the steps further comprise:

displaying a profit level axis having a plurality of profit levels; and

displaying a quantity level axis, where the money management region is displayed in relation to the profit level axis and the quantity level axis.

28. The computer readable medium of claim 23 where the money management region comprises a first money management region for a set of less restrictive money management parameters, and a second money management region for a set of more restrictive money management parameters.

29. The computer readable medium of claim 23 where the plurality of money management parameters comprise any one of maximum order quantity, a maximum net position, and a combination thereof.

30. The computer readable medium of claim 23 where the steps further comprise displaying a potential profit indicator in the money management region for at least one of a plurality of potential profit levels for a predetermined market movement.

31. The computer readable medium of claim 23 where the steps further comprise displaying a working order profit indicator in the money management region.