Method and Interface for Consolidating Price Levels on a Trading Screen

• US 20100010936A1
• Filed: 07/14/2009
• Published: 01/14/2010
• Est. Priority Date: 11/26/2002
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Singer, Scott
• Granted Patent: US 7,844,532 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 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 trading screen may display price and quantity information for price levels in a static axis of prices. The static axis of prices may be divided into two or more different regions. The price and quantity information for one or more of the regions may be consolidated from price and quantity information from plurality of un-consolidated price levels.

Claims

1-30. -30. (canceled)

31. A computer-implemented method for displaying market information on a trading screen, the method comprising:

receiving by a computing device market information for a tradeable object from an electronic exchange;

generating by the computing device a plurality of price levels along a static axis of prices, the plurality of price levels pertaining to the market information for the tradeable object;

consolidating by the computing device a first portion of the plurality of price levels along the static axis of prices, wherein the first portion does not include a highest bid price level or a lowest ask price level, wherein every two or more price levels of the first portion are grouped into a consolidated price level, and wherein the step of consolidating the first portion of the plurality of price levels results in a plurality of consolidated price levels;

consolidating by the computing device quantity indicators for the every two or more price levels of the first portion into a consolidated quantity indicator, wherein the consolidated quantity indicator corresponds to the consolidated price level, and wherein the step of consolidating the quality indicators for every two or more price levels of the first portion of the plurality of price levels results in a plurality of consolidated quantity levels;

displaying by the computing device the plurality of consolidated price levels for the first portion of the plurality of price levels along the static axis of prices;

displaying by the computing device the plurality of consolidated quantity indicators for the first portion of the plurality of price levels along the static axis of prices in alignment with the plurality of consolidated price levels;

displaying by the computing device a second portion of the plurality of price levels along the static axis of prices without consolidation, wherein the second portion includes at least one of the highest bid price level and the lowest ask price level, wherein the first portion and the second portion align to form the static axis of prices; and

displaying by the computing device quantity indicators for the second portion of the plurality of price levels in the static axis of prices in alignment with the second portion of the plurality of price levels, wherein the quantity indicators for the second portion are un-consolidated.

32. The method of claim 31, wherein the first portion is adjacent to the second portion.

33. The method of claim 31, further comprising:

consolidating a third portion of the plurality of price levels along the static price axis, wherein the third portion does not include the highest bid price level or the lowest ask price level, wherein every two or more price levels of the third portion are grouped into a consolidated price level, and wherein the step of consolidating the third portion of the plurality of price levels results in a second plurality of consolidated price levels;

displaying the second plurality of consolidated price levels for the third portion of the plurality of price levels along the static price axis, wherein the first, second, and third portions align to form the static axis of prices; and

displaying consolidated quantity indicators for the third portion of the plurality of price levels along the static axis of prices in alignment with the second plurality of consolidated price levels.

34. The method of claim 33, wherein the consolidated quantity indicators for the first and third portion are each formed by combining a different number of un-consolidated price levels.

35. The method of claim 33, wherein the first portion corresponds to price levels on a buy side for the tradeable object and wherein the third portion corresponds to price levels on a sell side for the tradeable object.

36. The method f claim 33, wherein the first portion is adjacent to the second portion and wherein the second portion is adjacent to the third portion.

37. The method of claim 31, wherein a number of the plurality of price levels in the first portion is configurable by a user, and wherein a number of plurality of price levels in the second portion is configurable by a user.

38. The method of claim 31, further comprising dynamically changing the price levels in the first portion and the second portion based on movement of the inside market.

39. A computer readable medium having stored therein instructions executable by a processor to perform a method including:

receiving by a computing device market information for a tradeable object from an electronic exchange;

generating by the computing device a plurality of price levels along a static axis of prices, the plurality of price levels pertaining to the market information for the tradeable object;

consolidating by the computing device a first portion of the plurality of price levels along the static axis of prices, wherein the first portion does not include a highest bid price level or a lowest ask price level, wherein every two or more price levels of the first portion are grouped into a consolidated price level, and wherein the step of consolidating the first portion of the plurality of price levels results in a plurality of consolidated price levels;

consolidating by the computing device quantity indicators for the every two or more price levels of the first portion into a consolidated quantity indicator, wherein the consolidated quantity indicator corresponds to the consolidated price level, and wherein the step of consolidating the quality indicators for every two or more price levels of the first portion of the plurality of price levels results in a plurality of consolidated quantity levels;

displaying by the computing device the plurality of consolidated price levels for the first portion of the plurality of price levels along the static axis of prices;

displaying by the computing device the plurality of consolidated quantity indicators for the first portion of the plurality of price levels along the static axis of prices in alignment with the plurality of consolidated price levels;

displaying by the computing device a second portion of the plurality of price levels along the static axis of prices without consolidation, wherein the second portion includes at least one of the highest bid price level and the lowest ask price level, wherein the first portion and the second portion align to form the static axis of prices; and

displaying by the computing device quantity indicators for the second portion of the plurality of price levels in the static axis of prices in alignment with the second portion of the plurality of price levels, wherein the quantity indicators for the second portion are un-consolidated.

40. The computer readable medium of claim 39, wherein the first portion is adjacent to the second portion.

41. The computer readable medium of claim 39, further including instructions for:

consolidating a third portion of the plurality of price levels along the static price axis, wherein the third portion does not include the highest bid price level or the lowest ask price level, wherein every two or more price levels of the third portion are grouped into a consolidated price level, and wherein the step of consolidating the third portion of the plurality of price levels results in a second plurality of consolidated price levels;

displaying the second plurality of consolidated price levels for the third portion of the plurality of price levels along the static price axis, wherein the first, second, and third portion align to form the static axis of prices; and

displaying consolidated quantity indicators for the third portion of the plurality of price levels along the static axis of prices in alignment with the second plurality of consolidated price levels.

42. The computer readable medium of claim 41, wherein the consolidated quantity indicators for the first and third portion are each formed by combining a different number of un-consolidated price levels.

43. The computer readable medium of claim 41, wherein the first portion corresponds to price levels on a buy side for the tradeable object and wherein the third portion corresponds to price levels on a sell side for the tradeable object.

44. The computer readable medium f claim 41, wherein the first portion is adjacent to the second portion and wherein the second portion is adjacent to the third portion.

45. The computer readable medium of claim 39, wherein a number of the plurality of price levels in the first portion is configurable by a user, and wherein a number of plurality of price levels in the second portion is configurable by a user.

46. The computer readable medium of claim 39, further including instructions for dynamically changing the price levels in the first portion and the second portion based on movement of the inside market.