System and method for trading multiple tradeable objects using a single trading interface

• US 20100070399A1
• Filed: 05/01/2006
• Published: 03/18/2010
• Est. Priority Date: 06/06/2005
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Murphy, Stephen J., O'Connor, Gerald J.
• Granted Patent: US 7,805,356 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

Abstract

A system and method are provided for displaying information related to a plurality of tradeable objects using a single graphical interface. One example graphical interface includes at least two screen regions displayed in relation to each other, with each region including a plurality of locations. Each location in the first screen region corresponds to a value along a first value axis, and each location in the second screen region corresponds to a value along a second value axis. The graphical interface also includes a first indicator in the first region and a second indicator in the second region. In response to a repositioning command based on an algorithm, the graphical interface includes a repositioned first value axis and the second value axis, such that the indicators are displayed in new locations determined based on the algorithm.

Claims

1. A method for trading in an electronic trading environment comprising:

displaying by a computing device a first screen region of a graphical user interface, the first screen region comprising a first plurality of locations, each location corresponding to a value along a first value axis, wherein each value is associated with a price for a first tradeable object, wherein the first screen region is associated with a portion of the first value axis;

displaying by the computing device a second screen region of the graphical user interface, the second screen region comprising a second plurality of locations, each location corresponding to a value along a second value axis, wherein each value is associated with a price for a second tradeable object, wherein the second screen region is associated with a portion of the second value axis, wherein the second tradeable object is different than the first tradeable object;

placing by the computing device a first working order for the first tradeable object at an electronic exchange, wherein the first working order is to buy or sell a first quantity of the first tradeable object at a first price;

displaying by the computing device a first working order indicator for the first working order in a first location of the first plurality of locations, wherein the first location corresponds to the first price for the first working order for the first tradeable object;

receiving by the computing device a command from a user input device moving the first working order indicator from the first location to a new location, wherein the new location is in the second screen region;

placing by the computing device a second working order for the second tradeable object at the electronic exchange in response to the command, wherein the second working order is to buy or sell a second quantity of the second tradeable object at a second price, wherein a product order parameter representing a tradeable object to be bought or sold for the second working order is determined to be the second tradeable object based on the new location in the second screen region where the first working order indicator was moved; and

displaying by the computing device a second working order indicator for the second working order in a second location of the second plurality of locations, wherein the second location corresponds to the second price for the second working order for the second tradeable object.

26. The method of claim 1, wherein the second price for the second working order is determined based on the first price for the first working order.

27. The method of claim 1, wherein the second price for the second working order is determined based on the new location in the second screen region where the first working order indicator was moved.

28. The method of claim 1, wherein the second price for the second working order is determined based on an algorithm.

29. The method of claim 1, wherein the second quantity for the second working order is determined based on the first quantity for the first working order.

30. The method of claim 1, wherein the second quantity for the second working order is determined based on an algorithm.

31. The method of claim 1, wherein the second quantity for the second working order is determined based on a default order quantity.

32. The method of claim 1, wherein the command is based on a drag-and-drop action.

33. The method of claim 1, wherein the first working order is cancelled when the second working order is placed.

34. The method of claim 1, wherein the first working order is not cancelled when the second working order is placed.

35. The method of claim 1, wherein the second working order is linked to the first working order.

36. The method of claim 1, wherein the first working order is linked with a first plurality of working orders for the first tradeable object, wherein the second working order is linked with a second plurality of orders for the second tradeable object placed at the electronic exchange based on the command.

2-25. -25. (canceled)

37. A computer readable medium having stored therein instructions for execution on a computer, the instructions causing a machine to perform the following method steps:

displaying by a computing device a first screen region of a graphical user interface, the first screen region comprising a first plurality of locations, each location corresponding to a value along a first value axis, wherein each value is associated with a price for a first tradeable object, wherein the first screen region is associated with a portion of the first value axis;

displaying by the computing device a second screen region of the graphical user interface, the second screen region comprising a second plurality of locations, each location corresponding to a value along a second value axis, wherein each value is associated with a price for a second tradeable object, wherein the second screen region is associated with a portion of the second value axis, wherein the second tradeable object is different than the first tradeable object;

placing by the computing device a first working order for the first tradeable object at an electronic exchange, wherein the first working order is to buy or sell a first quantity of the first tradeable object at a first price;

displaying by the computing device a first working order indicator for the first working order in a first location of the first plurality of locations, wherein the first location corresponds to the first price for the first working order for the first tradeable object;

receiving by the computing device a command from a user input device moving the first working order indicator from the first location to a new location, wherein the new location is in the second screen region;

placing by the computing device a second working order for the second tradeable object at the electronic exchange in response to the command, wherein the second working order is to buy or sell a second quantity of the second tradeable object at a second price, wherein a product order parameter representing a tradeable object to be bought or sold for the second working order is determined to be the second tradeable object based on the new location in the second screen region where the first working order indicator was moved; and

displaying by the computing device a second working order indicator for the second working order in a second location of the second plurality of locations, wherein the second location corresponds to the second price for the second working order for the second tradeable object.

38. A method for trading in an electronic trading environment comprising:

displaying by a computing device a first working order indicator, wherein the first working order indicator corresponds to a first working order at an electronic exchange for a first tradeable object;

receiving by the computing device a command from a user moving the first working order indicator to a new location, wherein the new location is in a screen region corresponding to a second tradeable object, wherein the second tradeable object is different than the first tradeable object;

determining by the computing device a product order parameter representing a tradeable object to be bought or sold for a second working order to be the second tradeable object based on the new location where the first working order indicator was moved; and

placing by the computing device the second working order with the determined product order parameter at the electronic exchange in response to the command.

39. The method of claim 38, wherein a price order parameter for the second working order is determined based on a first price for the first working order.

40. The method of claim 38, wherein a price order parameter for the second working order is determined based on the new location in the screen region corresponding to the second tradeable object where the first working order indicator was moved.

41. The method of claim 38, wherein the command is based on a drag-and-drop action.

42. The method of claim 38, wherein the first working order is cancelled when the second working order is placed.

43. The method of claim 38, wherein the first working order is not cancelled when the second working order is placed.