SYSTEM AND METHOD FOR ICON ORIENTED REPRESENTATION OF TRADING STRATEGIES
First Claim
Patent Images
1. A method for establishing a trading strategy for a tradeable object, comprising:
- selecting a first subset of icons from an icon library having a plurality of icons each representing an order type via a client trading device, where the first subset of icons is selected based on orders available at a first electronic exchange;
receiving a first user command via the client device to select a first icon from the subset of icons and to move the first icon to a first location of a first value axis for a tradeable object, where the first location represents a price of a first order for a first tradeable object;
displaying a first order icon associated with the first order at the first location via the client device;
selecting a second subset of icons from the icon library via the client device, where the second subset of icons is selected based on orders available at a second electronic exchange;
receiving a second user command via the client device to select a second icon from the subset of icons, to move the second icon to a second location of a second value axis for a second tradeable object, and to associate a second order with the first order, where the second location represents a price for a second order for a second tradeable object;
displaying a second order icon at the second location via the client device; and
displaying a graphical indicator relative to first order icon and the second order icon via the client device, the graphical indicator representing an association between the first order and the second order.
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Abstract
A system and method for visually establishing a trading strategy are described. According to one method, a trader can position a first icon corresponding to a first order and a second icon corresponding to a second order in relation to a first value axis displayed on a graphical interface. A graphical means can also be used in relation to the icons to show that the icons correspond to a trading strategy. The graphical means can include lines, numbers, or any other user-configurable graphical representation illustrating order precedence, for example.
111 Citations
21 Claims
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1. A method for establishing a trading strategy for a tradeable object, comprising:
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selecting a first subset of icons from an icon library having a plurality of icons each representing an order type via a client trading device, where the first subset of icons is selected based on orders available at a first electronic exchange; receiving a first user command via the client device to select a first icon from the subset of icons and to move the first icon to a first location of a first value axis for a tradeable object, where the first location represents a price of a first order for a first tradeable object; displaying a first order icon associated with the first order at the first location via the client device; selecting a second subset of icons from the icon library via the client device, where the second subset of icons is selected based on orders available at a second electronic exchange; receiving a second user command via the client device to select a second icon from the subset of icons, to move the second icon to a second location of a second value axis for a second tradeable object, and to associate a second order with the first order, where the second location represents a price for a second order for a second tradeable object; displaying a second order icon at the second location via the client device; and displaying a graphical indicator relative to first order icon and the second order icon via the client device, the graphical indicator representing an association between the first order and the second order. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A computer readable medium having instructions stored thereon, which when executed by a processor cause the processor to carry out acts comprising:
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selecting a first subset of icons from an icon library having a plurality of icons each representing an order type, where the first subset of icons is selected based on orders available at a first electronic exchange; receiving a first user command to select a first icon from the subset of icons and to move the first icon to a first location of a first value axis for a tradeable object, where the first location represents a price of a first order for a first tradeable object; displaying a first order icon associated with the first order at the first location; selecting a second subset of icons from the icon library, where the second subset of icons is selected based on orders available at a second electronic exchange; receiving a second user command to select a second icon from the subset of icons, to move the second icon to a second location of a second value axis for a second tradeable object, and to associate a second order with the first order, where the second location represents a price for a second order for a second tradeable object; displaying a second order icon at the second location; and displaying a graphical indicator relative to first order icon and the second order icon representing an association between the first order and the second order. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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21. A client device displaying a graphical interface for defining a trading strategy, comprising:
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a memory having an icon library having a plurality of icons including each representing an available for trading at least one exchange; an icon identifier configured to select a subset of icons from the icon library based on types of orders available at a connected electronic exchange; a graphical user interface having; a first value axis having a first plurality of value levels, each associated with a price of a first tradeable object traded at a first electronic exchange and a second value axis having a second plurality of value levels, each associated with a price of a second tradeable object traded at a second electronic exchange; a input device configured for selecting and moving; a first order icon relative to a first location of the first value axis to graphically represent a state of a first order for the first tradeable object and a first price for the first order, a second order icon relative to a second location of the second value axis to graphically represent a state of a second order for the second tradeable object and a second price for the second order; and a graphical indicator between the first order icon and the second order icon identifying the association between the first order to the second order.
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Specification