User Interface for an Electronic Trading System

• US 20100005037A1
• Filed: 09/16/2009
• Published: 01/07/2010
• Est. Priority Date: 04/09/1999
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Friesen, Richard W., Hart, Peter C.
• Granted Patent: US 8,185,467 B2
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 30/08 Auctions
• 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 user interface for an electronic trading exchange is provided which allows a remote trader to view in real time bid orders, offer orders, and trades for an item, and optionally one or more sources of contextual data. Individual traders place orders on remote client terminals, and this information is routed to a transaction server. The transaction server receives order information from the remote terminals, matches a bid for an item to an offer for an item responsive to the bid corresponding with the offer, and communicates outstanding bid and offer information, and additional information (such as trades and contextual data) back to the client terminals. Each client terminal displays all of the outstanding bids and offers for an item, allowing the trader to view trends in orders for an item. A priority view is provided in which orders are displayed as tokens at locations corresponding to the values of the orders. The size of the tokens reflects the quantity of the orders. An alternate view positions order icons at a location which reflects the value and quantity of the order. Additionally, contextual data for the item is also displayed to allow the trader to consider as much information as possible while making transaction decisions. A pit panel view is also provided in which traders connected to the pit are represented by icons, and are displayed corresponding to an activity level of the trader.

Claims

1. A method for facilitating trading and displaying information regarding a good, the method comprising:

receiving a first price data pertaining to a first good via a client device;

receiving a second price data pertaining to a second good different from the first good via the client device;

generating a value axis via the client device, the value axis having a value scale derived from the first price data and the second price data;

displaying the value axis via the client device;

generating a bid indicator according to the first price data and the second price data via the client device;

generating an ask indicator according to the first price data and the second price data via the client device; and

displaying the bid indicator and the ask indicator relative to the value axis in terms of the value scale.

2. The method of claim 1 where the bid indicator and the ask indicator are any of an icon, a graphical indicator, a numerical indicator, and any combination thereof.

3. The method of claim 1 where a size of the bid indicator represents a size of a corresponding bid and a size of the ask indicator represents a size of a corresponding ask.

4. The method of claim 1 where the value axis represents a difference between prices for the first good and prices for the second good.

5. The method of claim 1 where a location of the bid indicator relative to the value axis corresponds to a bid value for a first order for the first good and for a first order for the second good and a location of the ask indicator corresponds to an ask value for a second order for the first good and a second order for the second good.

6. The method of claim 1 where the value scale is derived from data common to the first price data and the second price data.

7. The method of claim 1 where the first good and the second good are any of a futures product, an option, a commodity, a currency product, an index-based product, an equity and any derivative thereof.

8. The method of claim 1 where the first good comprises a first tradeable object and the second good comprises a second tradeable object where the first tradeable object is a derivative product.

9. The method of claim 8 where the first tradeable object is a derivative of the second tradeable object.

10. The method of claim 8 where the second tradeable object is a derivative product.

11. A computer readable medium having instructions stored thereon which when executed by a computing device cause the computing device to execute the functions comprising:

receiving a first price data pertaining to a first good via a client device;

receiving a second price data pertaining to a second good different from the first good via the client device;

generating a value axis via the client device, the value axis having a value scale derived from the first price data and the second price data;

displaying the value axis via the client device;

generating a bid indicator according to the first price data and the second price data via the client device;

generating an ask indicator according to the first price data and the second price data via the client device; and

displaying the bid indicator and the ask indicator relative to the value axis in terms of the value scale.

12. The computer readable medium of claim 11 where the bid indicator and the ask indicator are any of an icon, a graphical indicator, a numerical indicator, and any combination thereof.

13. The computer readable medium of claim 11 where a size of the bid indicator represents a size of a corresponding bid and a size of the ask indicator represents a size of a corresponding ask.

14. The computer readable medium of claim 11 where a location of the bid indicator relative to the value axis corresponds to a value of a first order for the first good and a first order for the second good and a location of the ask indicator corresponds to value of a second order for the first good and a second order for the second good.

15. The computer readable medium of claim 11 where the value axis represents a difference between prices for the first good and prices for the second good.

16. The computer readable medium of claim 11 where the value scale is derived from data common to the first price data and the second price data.

17. The computer readable medium of claim 11 where the first good and the second good are any of a futures product, an option, a commodity, a currency product, an index-based product, an equity and any derivative thereof.

18. The computer readable medium of claim 11 where the first good comprises a first tradeable object and the second good comprises a second tradeable object where the at least the first tradeable object is a derivative product.

19. The computer readable medium of claim 18 where the first tradeable object is a derivative of the second tradeable object.

20. The computer readable medium of claim 18 where the second tradeable object is a derivative product.