METHOD AND SYSTEM FOR ELECTRONIC OPTIONS TRADING ON A GRAPHICAL USER INTERFACE

• US 20100293110A1
• Filed: 07/08/2010
• Published: 11/18/2010
• Est. Priority Date: 07/12/2004
• Status: Abandoned Application

• Current Assignee: Rosenthal Collins Group LLC (Marex Spectron Group Ltd.)
• Original Assignee: Rosenthal Collins Group LLC (Marex Spectron Group Ltd.)
• Inventors: ROSENTHAL, Leslie, Levine, Benjamin D.
• Application Number:
  US12/832,136
• Publication Number:
  US 20100293110A1
• Time in Patent Office: Days
• US Class Current: 705/36.00R
• 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 method and system for electronic options trading on a graphical user interface. One or more sets of electronic option trading information are automatically displayed in a graphical in a dynamic option information column in a market depth format. The information displayed in the dynamic option information column is dynamically selectable and changeable based on electronic option trading preferences. The dynamic option information column is automatically and dynamically re-centered upon a current selected graphical option information entity displayed in the dynamic option information column that continuously and dynamically changes with changes in the dynamic option information displayed. Risk management and assessment for electronic options trading is also provided.

Claims

1. A method for electronic options trading via a graphical user interface, comprising:

receiving continuously one or more sets of electronic options trading information via a communications network on an aggregate book view/ask bid volume (ABV) window of a graphical user interface (GUI) with a plurality of graphical windows providing an electronic trading interface managed by application on a target device with one or more processors to automatically execute one or more electronic option trades on one or more electronic trading exchanges via a communications network;

displaying automatically selected ones of the one or more sets of electronic option trading information on the ABV window via the application, including displaying electronic option information in a dynamic option information column in a market depth format,

wherein the information displayed in the dynamic option information column is dynamically selectable based on electronic option trading preferences,

wherein the ABV window includes an order entry mode for entering an option trade near, or substantially away from a graphical option information entity displayed in the dynamic option information column in the market depth format,

wherein the ABV window allows entering and canceling of electronic option trading orders and automatically sending electronic option trading orders entered into the ABV window to the one or more electronic trading exchanges;

automatically and dynamically re-centering the dynamic option information column in the ABV window upon a selected graphical option information entity displayed in the dynamic option information column that continuously and dynamically changes with in the dynamic option information displayed in the dynamic option information column;

receiving one or more selection inputs in the ABV window to move the dynamic option information column up or down for placement around a new desired selected graphical option information entity away from the current selected graphical option information entity;

automatically and dynamically moving the dynamic option information column in the ABV window from the new selected graphical option information entity until the current selected graphical option information entity is again re-centered on the current dynamic option information column in the ABV window;

displaying a visual indicator in the ABV window to indicate the dynamic option information column is being automatically and dynamically re-centered in the ABV window, wherein the visual indicator changes colors during the automatic and dynamic re-centering;

automatically executing one or more electronic option trades using one or more electronic option trading orders entered from the ABV window via the application on an appropriate electronic trading exchange; and

displaying results from any automatic execution of any electronic option trades in the ABV window to execute additional electronic option trades.

2. One or more processors including a plurality of instructions in a computer readable medium for executing the method of claim 1.

3. The method of claim 1 wherein the information displayed in the dynamic option information column is dynamically selectable from a list including a dynamic option strike price or dynamic option Greek calculation information including:

Delta, Vega, Theta, Rho or Gamma option information.

4. The method of claim 3 wherein the dynamic option Greek calculation information includes Delta which measures a sensitivity of an electronic option price to a change in the price of an associated underlying instrument or contract, Vega which measures an electronic option sensitivity to volatility, Theta which measures an electronic option sensitivity of a value of a derivative to a passage of time, Rho which measures an electronic option sensitivity to an applicable interest rate and Gamma which measures a rate of change in a delta with respect to changes in an underlying price.

5. The method of claim 1 wherein the ABV window is replaced with one or more of a Contracts, Order, Fills, Positions, Reports or specialized electronic options graphical windows.

6. The method of claim 1 further comprising:

displaying option strike price information in the dynamic option information column; and

displaying option Greek calculation information, including one or more of Delta, Vega, Theta or Rho and Gamma option information in one or more other graphical windows associated with the ABV window.

7. The method of claim 6 wherein the electronic option Greek calculation information is displayed in alpha numeric or graphical display formats.

8. The method of claim 1 further comprising:

displaying in a graphical window on the GUI a chain of electronic option information comprising a plurality of option strike prices in a dynamic price column in market depth format, put bid, put ask, last traded put prices call bid, call ask and last traded call prices.

9. The method of claim 8 wherein the graphical window is the ABV window or an Order Ticket window.

10. The method of claim 1 further comprising:

displaying in a graphical window on the GUI a chain of electronic option Greek information comprising Greek calculation information including a Delta, Vega, Theta, Rho or Gamma option information, wherein the electronic option Greek information displayed is dynamically selectable based on electronic option trading preferences.

11. The method of claim 10 wherein the graphical window is the ABV window or an Order Ticket window.

12. The method of claim 1 further comprising:

displaying in a graphical window on the GUI an electronic option Iceberg trading window, wherein electronic option Iceberg trading orders include a number of related electronic option trading orders that are executed in a pre-determined order at certain pre-determined times to hide a whole electronic option trading order from other electronic traders.

13. The method of claim 12 wherein the graphical window is the ABV window or an Order Ticket window.

14. The method of claim 1 further comprising:

providing risk assessment and management for electronic options trading in a graphical window in the ABV window, wherein the risk assessment and management provides and integrated viewpoint for electronic options trading that aggregates an electronic option trader'"'"'s activities across all their trading accounts, their current and historical trades and trade locations on all trading exchanges for both electronic options trading and non-electronic options trading.

15. The method of claim 1 further comprising:

automatically executing one or more electronic option trades for an option spread using one or more electronic option trading orders entered from the ABV window via the application on an appropriate electronic trading exchange.

16. A system for electronic options trading via a graphical user interface, comprising in combination:

means for receiving continuously one or more sets of electronic options trading information via a communications network on an aggregate book view/ask bid volume (ABV) window of a graphical user interface (GUI) with a plurality of graphical windows providing an electronic trading interface managed by application on a target device with one or more processors to automatically execute one or more electronic option trades on one or more electronic trading exchanges via a communications network;

means for displaying automatically selected ones of the one or more sets of electronic option trading information on the ABV window via the application, including displaying electronic option information in a dynamic option information column in a market depth format,

wherein the information displayed in the dynamic option information column is dynamically selectable based on electronic option trading preferences,

wherein the ABV window includes an order entry mode for entering an option trade near, or substantially away from a graphical option information entity displayed in the dynamic option information column in the market depth format,

wherein the ABV window allows entering and canceling of electronic option trading orders and automatically sending electronic option trading orders entered into the ABV window to the one or more electronic trading exchanges;

means for automatically and dynamically re-centering the dynamic option information column in the ABV window upon a selected graphical option information entity displayed in the dynamic option information column that continuously and dynamically changes with in the dynamic option information displayed in the dynamic option information column;

means for receiving one or more selection inputs in the ABV window to move the dynamic option information column up or down for placement around a new desired selected graphical option information entity away from the current selected graphical option information entity;

means for automatically and dynamically moving the dynamic option information column in the ABV window from the new selected graphical option information entity until the current selected graphical option information entity is again re-centered on the current dynamic option information column in the ABV window;

means for displaying a visual indicator in the ABV window to indicate the dynamic option information column is being automatically and dynamically re-centered in the ABV window, wherein the visual indicator changes colors during the automatic and dynamic re-centering;

means for automatically executing one or more electronic option trades using one or more electronic option trading orders entered from the ABV window via the application on an appropriate electronic trading exchange;

means displaying results from any automatic execution of any electronic option trades in the ABV window to execute additional electronic option trades;

means for displaying in a graphical window on the GUI an electronic option Iceberg trading window, wherein electronic option Iceberg trading orders include a number of related electronic option trading orders that are executed in a pre-determined order at certain pre-determined times to hide a whole electronic option trading order from other electronic traders;

means for displaying in a graphical window on the GUI a chain of electronic option information and a chain of electronic option Greek information comprising Greek calculation information including a Delta, Vega, Theta, Rho or Gamma option information, wherein the chain or electronic option information and chain of electronic option Greek information displayed is dynamically selectable based on electronic option trading preferences;

means for providing risk assessment and management for electronic options trading in a graphical window in the ABV window, wherein the risk assessment and management provides and integrated viewpoint for electronic options trading that aggregates an electronic option trader'"'"'s activities across all their trading accounts, their current and historical trades and trade locations on all trading exchanges for both electronic options trading and non-electronic options trading; and

means for automatically executing one or more electronic option trades for an electronic option trading spread using one or more electronic option trading orders entered from the ABV window via the application on an appropriate electronic trading exchange.