METHOD AND SYSTEM FOR ELECTRONIC TRADING VIA A YIELD CURVE

• US 20100268634A1
• Filed: 05/27/2010
• Published: 10/21/2010
• Est. Priority Date: 11/13/2005
• Status: Active Grant

• Current Assignee: Prime Trading LLC
• Original Assignee: Rosenthal Collins Group LLC (Marex Spectron Group Ltd.)
• Inventors: MACKEY, Richard J. JR., Harvey, Edward J. III
• Granted Patent: US 7,849,000 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A method and system for providing automatic electronic trading via yield curves. The method and system allow automatic execution of electronic trades with yield curve trading strategies and yield curve trading indicators that that have reached a pre-determined yield curve trading limits. The yield curve trading values that have reached the pre-determined yield curve trading limits are also displayed visually in a graphical three-dimensional (3D) format to provide additional visual indicators on a graphical user interface used for electronic trading via yield curves.

Claims

1. A method for electronic trading via yield a curve, comprising:

creating automatically via or more yield curves on an application on a target network device with one or more processors using one or more sets of electronic trading strategy information obtained from one or more electronic trading exchanges via a communications network;

creating automatically via the application one or more real-time studies for the one or more created yield curves with one or more sets of electronic trading information received in real-time via the communications network from the one or more electronic trading exchanges, wherein the one or more real-time studies include current and historical electronic trading information;

creating automatically via the application a plurality of yield values from the created real-time studies;

displaying automatically via the application the one or more created yield curves and the plurality of created yield curve values in one or more graphical windows on a multi-windowed graphical user interface including a plurality of graphical yield curve trading indicators comprising a dynamic yield curve impact indicator, a dynamic yield curve ratio indicator and a dynamic yield curve settlement indicator;

displaying automatically via the application in a three-dimensional (3D) format any of the plurality of graphical yield curve trading indicators that have reached a pre-determined yield curve trading limit, wherein the 3D format provides an additional visual indicator on the multi-windowed graphical user interface for electronic trading via the one or more created yield curves and wherein individual graphical yield curve trading indicators displayed in the 3D format have different outlining display colors;

executing automatically via the application one or more electronic trades via the one or more created yield curves and the one or more of the plurality of graphical yield curve trading indicators displayed in the 3D format that have reached a pre-determined yield curve trading limit on the one or more electronic trading exchanges via the communications network.

2. A network device with one or more processors including a plurality of instructions in a computer readable medium executing the steps of the Method of claim 1.

3. The method of claim 1 wherein the one or more sets of electronic trading strategy information are obtained from a spreadsheet, a macro created for a spreadsheet, a data file, a database entry or via manual inputs.

4. The method of claim 3 wherein the spreadsheet, spreadsheet macro, data file, database entry or manual inputs may include pre-determined formulas, macros or other trading entities used to define a trading strategy for a yield curve.

5. The method of claim 1 wherein the displaying step includes displaying the one or more yield curves on a order ticket graphical window, an aggregated book view/ask bid volume (ABV) graphical window with a dynamic price column or a yield curve graphical window.

6. The method of claim 1 wherein the plurality of graphical yield curve trading indicators displayed in the 3D format are viewed with 3D glasses.

7. The method of claim 1 wherein the plurality of graphical yield curve trading indicators displayed in the 3D format are selectable and include a plurality of electronic information about the one or more electronic trades automatically executed via the one or more created yield curves.

8. A method for electronic trading via yield a curve, comprising:

creating automatically via or more yield curves on an application on a target network device with one or more processors using one or more sets of electronic trading strategy information obtained from one or more electronic trading exchanges via a communications network;

creating automatically via the application one or more real-time studies for the one or more created yield curves with one or more sets of electronic trading information received in real-time via the communications network from the one or more electronic trading exchanges, wherein the one or more real-time studies include current and historical trading information;

creating automatically via the application a plurality of yield values from the created real-time studies;

displaying automatically via the application the one or more created yield curves and the plurality of created yield curve values in an aggregated book view/ask bid volume (ABV) graphical window with a dynamic price column displayed in market depth format on a multi-windowed graphical user interface including a plurality of graphical yield curve trading indicators comprising a dynamic yield curve impact indicator, a dynamic yield curve ratio indicator and a dynamic yield curve settlement indicator;

displaying automatically via the application in the ABV window in a three-dimensional (3D) format any of the plurality of graphical yield curve trading indicators that have reached a pre-determined yield curve trading limit, wherein the 3D format provides an additional visual indicator on the multi-windowed graphical user interface for electronic trading via the one or more created yield curves and wherein individual graphical yield curve trading indicators displayed in the 3D format have different outlining display colors;

executing automatically via the application one or more electronic trades via the one or more created yield curves and the one or more of the plurality of graphical yield curve trading indicators displayed in the 3D format in the ABV window that have reached a pre-determined yield curve trading limit on the one or more electronic trading exchanges via the communications network.

9. A network device with one or more processors including a plurality of instructions in a computer readable medium executing the steps of the Method of claim 8.

10. The method of claim 8 wherein the one or more sets of electronic trading strategy information are obtained from a spreadsheet, a macro created for a spreadsheet, a data file, a database entry or via manual inputs.

11. The method of claim 10 wherein the spreadsheet, spreadsheet macro, data file, database entry or manual inputs may include pre-determined formulas, macros or other trading entities used to define a trading strategy for a yield curve.

12. The method of claim 8 wherein one or more sets of electronic trading strategy include information for real trades, synthetic trades, black box trades, trades for spreads and trades for supply differentials for commodity futures contracts automatically traded via one or more created yield curves and the plurality of created yield curve values.

13. The method of claim 8 wherein the plurality of graphical yield curve trading indicators displayed in the 3D format are viewed with 3D glasses.

14. the method of claim 9, further comprising:

displaying in real-time bid size and bid offer by price for a an electronic trading instrument or contract in a market depth format in the ABV window and displaying prices for the electronic trading instrument or contract in a dynamic price column; and

automatically and dynamically in real-time re-centering the dynamic price column in the ABV window upon a current last traded price that continuously and dynamically changes with price fluctuations in the current last traded price.

15. A system for electronic trading via yield a curve, comprising in combination:

means for creating automatically via or more yield curves on an application on a target network device with one or more processors using one or more sets of electronic trading strategy information obtained from one or more electronic trading exchanges via a communications network;

means for creating automatically via the application one or more real-time studies for the one or more created yield curves with one or more sets of electronic trading information received in real-time via the communications network from the one or more electronic trading exchanges, wherein the one or more real-time studies include current and historical trading information;

means for creating automatically via the application a plurality of yield values from the created real-time studies;

means for displaying automatically via the application the one or more created yield curves and the plurality of created yield curve values in one or more graphical windows on a multi-windowed graphical user interface including a plurality of graphical yield curve trading indicators comprising a dynamic yield curve impact indicator, a dynamic yield curve ratio indicator and a dynamic yield curve settlement indicator;

means for displaying automatically via the application in a three-dimensional (3D) format any of the plurality of graphical yield curve trading indicators that have reached a pre-determined yield curve trading limit, wherein the 3D format provides an additional visual indicator on the multi-windowed graphical user interface for electronic trading via the one or more created yield curves and wherein individual graphical yield curve trading indicators displayed in the 3D format have different outlining display colors;

yield curve trading indicators displayed in the 3D format have different outlining colors;

means for executing automatically via the application one or more electronic trades via the one or more created yield curves and the one or more of the plurality of graphical yield curve trading indicators displayed in the 3D format that have reached a pre-determined yield curve trading limit on the one or more electronic trading exchanges via the communications network.

16. The system of claim 15 further comprising:

means for obtaining one or more sets of electronic trading strategy information from a spreadsheet, spreadsheet macro, data file, database entry or manual inputs, wherein the one or more sets of electronic trading strategy information include pre-determined formulas, macros or other trading entities used to define a trading strategy for a yield curve.

17. The system of claim 15 further comprising:

3D glasses means for viewing the plurality of graphical yield curve trading indicators displayed in the 3D format.

18. The system of claim 15 further comprising:

means for displaying automatically via the application the one or more created yield curves and the plurality of created yield curve values in an aggregated book view/ask bid volume (ABV) graphical window with a dynamic price column;

means for displaying in real-time bid size and bid offer by price for a an electronic trading instrument or contract in a market depth format in the ABV window and displaying prices for the electronic trading instrument or contract in a dynamic price column; and

means for automatically and dynamically in real-time re-centering the dynamic price column in the ABV window upon a current last traded price that continuously and dynamically changes with price fluctuations in the current last traded price.

19. The system of claim 15 further comprising:

means for selecting the plurality of graphical yield curve trading indicators displayed in the 3D format and for displaying a plurality of electronic information about the one or more electronic trades automatically executed via the one or more created yield curves included therein.