System and Method for Analyzing and Displaying Security Trade Transactions
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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.
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Citations
51 Claims
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1-31. -31. (canceled)
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32. A method for use with a trader workstation for providing securities market transaction information to a trader comprising the steps of:
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receiving transaction information regarding a selected security via the trader workstation, the information including price of a plurality of trades; receiving order book information regarding the selected security; determining whether each of a user-selected range of trades represented in the transaction information was seller-initiated or buyer-initiated according to the transaction information and the order book information; displaying for each trade of a user-selected security within the user-selected range of transactions represented in the transaction information an indicia representing the price of the trade, the indicia having an appearance distinguishing between buyer-initiated and seller-initiated trades; and comparing transaction information regarding each trade of the user-selected security to user-specified criteria and providing an alert corresponding to trades satisfying the criteria.
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42. A computer-readable medium having code stored thereon for execution by a processor to carry out steps comprising:
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receiving transaction information regarding a selected security via the trader workstation, the information including price of a plurality of trades; receiving order book information regarding the selected security; determining whether each of a user-selected range of trades represented in the transaction information was seller-initiated or buyer-initiated according to the transaction information and the order book information; displaying for each trade of a user-selected security within the user-selected range of transactions represented in the transaction information an indicia representing the price of the trade, the indicia having an appearance distinguishing between buyer-initiated and seller-initiated trades; and comparing transaction information regarding each trade of the user-selected security to user-specified criteria and providing an alert corresponding to trades satisfying the criteria.
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51. A trader workstation for trading a tradable object comprising:
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a market data receiver configured to receive transaction information for a selected security, the information including price of a plurality of trades and order book information for the selected security; a processor configures to determine whether each of a user-selected range of trades represented in the transaction information was seller-initiated or buyer-initiated according to the transaction information and the order book information; a display configured to display for each trade of a user-selected security within the user-selected range of transactions represented in the transaction information an indicia representing the price of the trade, the indicia having an appearance distinguishing between buyer-initiated and seller-initiated trades; and a user output configured to provide an alert according to a comparison of transaction information for each trade of the user-selected security to user-specified criteria.
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Specification