System and Method for Analyzing and Displaying Security Trade Transactions

• US 20090292650A1
• Filed: 07/30/2009
• Published: 11/26/2009
• Est. Priority Date: 06/18/2002
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Duquette, Douglas Ray
• Granted Patent: US 8,150,760 B2
• Time in Patent Office: Days
• US Class Current: 705/36.00R
• 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 methods for processing and charting security exchange trading and market information shows security traders if current transactions originated as buy orders or sell orders, and simultaneously indicates traded quantity. Security exchange trading information is received that includes the price, volume and time of each trade. In addition, security exchange market information is received from buyers, specifying bide prices and quantities, and from sellers, specifying asking prices and quantities. The security exchange trading and market information is processed simultaneously and displayed as a continuously updated real-time chart depicting the exchange auction process whereby buyers and sellers agree to trade at specified prices, including details of individual transactions. The chart is formed by plotting each trade at the price traded, and for each plot point shows a distinctive icon indication whether the transaction was initiated by a buyer or seller.

Claims

1-31. -31. (canceled)

32. A method for displaying market transaction information comprising:

receiving via an exchange server operatively from a market data system transaction information and order book information relating to at least one exchange-listed tradeable object, the transaction information including price and volume of executed trades of at least one exchange-listed tradeable object and the order book information identifying at least one open order for the exchange-listed tradeable object;

determining via the trader workstation whether trades within a user-selected range of trades were seller-initiated or buyer-initiated according to the transaction information and the order book information;

displaying via a trader workstation operatively coupled to the exchange server, an indicator for trades of a user-selected exchange-listed tradeable object within a user-selected range of trades represented in a selectable portion of the transaction information, the indicator having an appearance controlled to distinguish between trades determined to be buyer-initiated and trades determined to be seller-initiated; and

displaying at least a subset of the order book information relating to the user-selected exchange-listed tradeable object adjacent the indicator.

36. The method of claim 49 further comprising comparing transaction information regarding each trade of the user-selected exchange-listed tradeable object to user-specified criteria and provide an alert corresponding to trades satisfying the criteria.

40. A method for displaying market transaction comprising:

receiving via an exchange server operatively coupled to an market data system, transaction information and order book information for at least one exchange-listed tradable object, the transaction information including price and volume of at least one executed trade of the exchange-listed tradeable object and the order book information identifying at least one open order for the exchange-listed tradeable object; and

displaying at a trader workstation operatively coupled to the exchange server, an indicator representing a price of the trade and identifying whether the trade was seller-initiated or buyer-initiated determined according to the transaction information and the order book information for each trade within a user-selected range of executed trades represented in a portion of the transaction information, where an open sell order in the order book being bought comprises a buyer-initiated trade and an open buy order in the order book being sold comprises a seller-initiated trade.

41. The method of claim 54 further comprising displaying at least a subset of the order book information adjacent the indicia.

42. The method of claim 54 further comprising grouping the trades within a user-selected range of trades for a trader into one or more auction events according to user-selectable criteria.

43. The method of claim 56 further comprising displaying further indicators, each a beginning of an auction event of which a displayed trader is a member.

44. A computer readable medium having instruction stored thereon which when executed by a processor, cause the processor to carry out the steps comprising:

receiving via an exchange server operatively coupled to an market data system, transaction information and order book information for at least one exchange-listed tradable object, the transaction information including price and volume of at least one executed trade of the exchange-listed tradeable object and the order book information identifying at least one open order for the exchange-listed tradeable object; and

displaying at a trader workstation operatively coupled to the exchange server, an indicator representing a price of the trade and identifying whether the trade was seller-initiated or buyer-initiated determined according to the transaction information and the order book information for each trade within a user-selected range of executed trades represented in a portion of the transaction information, where an open sell order in the order book being bought comprises a buyer-initiated trade and an open buy order in the order book being sold comprises a seller-initiated trade.

45. The computer readable medium of claim 59 where the steps further comprise displaying at least a subset of the order book information adjacent the indicia.

46. The computer readable medium of claim 59 where the steps further comprise grouping the trades within a user-selected range of trades for a trader into one or more auction events according to user-selectable criteria.

33. The method of claim 46 further comprising grouping the trades within a user-selected range of trades for a trader into one or more auction events according to user-selectable criteria.

37. The method of claim 46 further comprising receiving the transaction information as part of a universal data structure including at least one bid price and a quantity of units at the at least one bid price, and at least one offer price and a quantity at the at least one offer price.

38. The method of claim 46 further comprising receiving the order book information as part of a universal data structure including any one of at least one bid price and a quantity at the at least one bid price, at least one offer price and a quantity at the at least one offer price, and combinations thereof.

39. The method of claim 46 further comprising receiving a universal data structure having a lowest trade price for the at least one exchange-listed tradeable object during a current trading day, a highest trade price for the at least one exchange-listed tradeable object during the current trading day, and a change in price for the at least one exchange-listed tradeable object since the current trading day began.

47. The computer readable medium of claim 61 where the steps further comprise displaying further indicators, each a beginning of an auction event of which a displayed trader is a member.

34. The method of claim 47 where for each of the auction events, indicators corresponding to all trades of the auction event are displayed adjacently.

35. The method of claim 47 further comprising displaying an auction indicator identifying the beginning of each auction event of which a displayed trader is a member.