System And Method For Displaying Market Data In An Electronic Trading Environment

• US 20100131387A1
• Filed: 01/26/2010
• Published: 05/27/2010
• Est. Priority Date: 02/24/2005
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Duquette, Douglas R.
• Granted Patent: US 9,280,790 B2
• Time in Patent Office: Days
• US Class Current: 705/26
• CPC Class Codes: G06F 40/18 of spreadsheets form-filling G06F40/174
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A trading interface is provided for displaying market data related to a tradeable object being traded at an electronic exchange. According to one example embodiment, market data related to a tradeable object is displayed in relation to a value axis, such as a price axis. As new market data is received, the displayed market data is updated and may be repositioned so that a trader can view current market conditions in a viewable portion of the interface. The interface also includes a number of market movement indicators that assist a trader in tracking market movement. These viewable references allow a trader to navigate and immediately understand the “real” direction of the market activity despite any underlying adjustment of the viewable area of the trading interface.

Claims

1. A method for displaying market data comprising:

receiving a market data via a computing device from an electronic exchange, the market data representing a market for a tradeable object including at least a pending best bid having a best bid price and a pending best ask having a best ask price;

displaying a price axis for the tradeable object via an output device associated with the computing device, the price axis having a plurality of price levels derived from the market data;

displaying a first indicator along the price axis at a first price level corresponding to the best bid price;

displaying a second indicator along the price axis at a second price level corresponding to the best ask price;

detecting movement in the market according to the market data; and

displaying a market movement indicator along the price axis representing the movement of the market.

2. The method of claim 1 where the market movement indicator is displayed at a range of price levels of the price axis.

3. The method of claim 2 where the range of price levels includes a user-determined price level.

4. The method of claim 3 where the user determined price level comprises any of the first price level, the second price level and a least traded price at a time when a recentering command is received.

5. The method of claim 2 where the range price level comprises any of the first price level, the second price level and a least traded price at current time.

6. The method of claim 1, further comprising adjusting a view of the price axis, including the first indicator, the second indicator, and the market movement indicator, to a predetermined location.

7. The method of claim 6 where the predetermined location comprises substantially centering the price axis in a region for displaying the indicators along the price axis.

8. The method of claim 1, further comprising displaying a plurality of bid indicators for the tradeable object along the price axis, each of the plurality of bid indicators being associated with at least one bid pending at the electronic exchange and being displayed at one of a plurality of price levels corresponding to a bid price of the associated at least one bid.

9. The method of claim 1, further comprising displaying a plurality of ask indicators for the tradeable object along the price axis, each of the plurality of ask bid indicators being associated with at least one ask pending at the electronic exchange and being displayed at one of a plurality of price levels corresponding to an ask price of the associated at least one ask.

10. A computer readable medium having computer executable code stored thereon which when executed by a processor cause the processor to execute acts comprising:

receiving a market data via a computing device from an electronic exchange, the market data representing a market for a tradeable object including at least a pending best bid having a best bid price and a pending best ask having a best ask price;

displaying a price axis for the tradeable object via an output device associated with the computing device, the price axis having a plurality of price levels derived from the market data;

displaying a first indicator along the price axis at a first price level corresponding to the best bid price;

displaying a second indicator along the price axis at a second price level corresponding to the best ask price;

detecting movement in the market according to the market data; and

displaying a market movement indicator along the price axis representing the movement of the market.

11. The computer readable medium of claim 10 where the market movement indicator is displayed at a range of price levels of the price axis, including a user-determined price level.

12. The computer readable medium of claim 11 where the user determined price level comprises any of the first price level, the second price level and a least traded price from a previous time.

13. The computer readable medium of claim 11, where the acts further comprise:

displaying a plurality of bid indicators for the tradeable object along the price axis, each of the plurality of bid indicators being associated with at least one bid pending at the electronic exchange and being displayed at one of a plurality of price levels corresponding to a bid price of the associated at least one bid; and

displaying a plurality of ask indicators for the tradeable object along the price axis, each of the plurality of ask bid indicators being associated with at least one ask pending at the electronic exchange and being displayed at one of a plurality of price levels corresponding to an ask price of the associated at least one ask.

14. A method for displaying market data on a video display comprising:

receiving market data via a computing device from the electronic exchange, the market data identifying a current best bid price for a tradeable object and a current best ask price for a tradeable object;

displaying a first indicator representing the current best bid price for the tradeable object at a first location corresponding to a first price level along a price axis via an output device associated with the computing device;

displaying a second indicator representing the current best ask price for the tradeable object at a second location corresponding to a second price level along the price axis via the output device;

detecting a series of downward price decreases in the market data;

in response to detecting the series of downward price decreases, detecting a first time corresponding to when the current best ask price is at least substantially equal to a previous best bid price for the tradeable object via the trading device; and

displaying a first downward market cross indicator at a price level corresponding to the first best ask price via the output device, where the first downward market cross indicator is displayed at the first time.

15. The method of claim 14, further comprising adjusting the price axis to maintain the first indicator and the second indicator in a viewable area of the output device.

16. The method of claim 14, further comprising:

displaying a plurality of bid indicators at a plurality of bid prices for the tradeable object at a first plurality of locations corresponding to the plurality of bid prices; and

displaying a plurality of ask indicators at a plurality of ask prices currently available for the tradeable object at a first plurality of locations corresponding to the plurality of ask prices.

17. The method of claim 14, wherein the first downward market cross indicator comprises a graphical indicator.

18. The method of claim 14, further comprising:

in response to detecting the series of downward price decreases, detecting at a second time corresponding to when a second best ask price is at least substantially equal to the another previous best bid price; and

displaying a second downward market cross indicator at a fourth price level corresponding to the second best ask price, where the second downward market cross indicator is displayed when the second time is detected.

19. The method of claim 14, further comprising:

detecting at a second time when the current best bid price crosses a previous best ask price, where the previous best ask price is crossed when the current best bid price is at least substantially equal to the first best ask price;

removing the first downward market cross indicator; and

displaying a first upward market cross indicator corresponding to the current best bid price, where the first upward market cross indicator is displayed when the second time is detected.

20. The method of claim 14, wherein the first upward market cross indicator comprises a graphical indicator that is different than the first downward market cross indicator.