System and Method for Displaying Highest and Lowest Traded Price of Tradable Objects

• US 20100299242A1
• Filed: 08/02/2010
• Published: 11/25/2010
• Est. Priority Date: 09/30/2002
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Singer, Scott, Kemp, Gary Allan II, Ebersole, Joan
• Granted Patent: US 8,392,315 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
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A client terminal displays on a graphical interface a first indicator of a price associated with a lowest traded price of a tradable object during a predetermined period of time, a second indicator of a price associated with a highest traded price of the tradable object during the predetermined period of time, along with at least one quantity indicator associated with at least one order to buy/order the tradable object. The first indicator, the second indicator, and the at least one quantity indicator are displayed in relation to a static axis of price, and the client terminal dynamically updates the first and second indicator to new lowest and highest traded prices based on market updates received from an exchange.

Claims

1. A method of displaying market information for a tradable object, the method comprising:

displaying, via a display associated with a computing device, a plurality of axially aligned price levels each associated with a price of a tradable object traded at an electronic exchange;

displaying, via the display, at least one order indicator associated with at least one order for the tradable object, the at least one order indicator being displayed at an associated price level of the plurality of axially aligned price levels corresponding to a price for the at least one order for the tradable object;

determining, via the computing device, a lowest traded price for the tradable object during a time period according to a last traded price received from the electronic exchange and a previous lowest traded price;

displaying a lowest traded price indicator at a lowest traded price level of the plurality of axially aligned price levels corresponding to the lowest traded price;

determining, via the computing device, a highest traded price for the tradable object during the time period according to the last traded price and a previous highest traded price for the tradable object;

displaying a highest traded price indicator at a highest traded price level of the plurality of axially aligned price levels corresponding to the highest traded price.

2. The method of claim 1, where the order indicator represents a quantity available for trading.

3. The method of claim 2, where the order indicator comprises any of a graphical indicator, a numerical indicator, a color-coded indicator, and combinations thereof.

4. The method of claim 1, where the order indicator represents any of a current bid, a current ask, a highest bid, and a lowest ask.

5. The method of claim 1, where a range of the plurality of axially aligned price levels is adjustable according to a repositioning command.

6. The method of claim 1, where the repositioning command is any of a re-centering command, a scroll command, and combinations thereof.

7. The method of claim 1, further comprising displaying an order entry region aligned with the plurality of axially aligned price levels, the order entry region having a plurality of locations for receiving commands for submitting orders for trading, and wherein each location of the plurality of locations corresponds to at least one of the plurality of axially aligned price levels.

8. The method of claim 1, further comprising moving the lowest traded price indicator to a new lowest traded price level of the plurality of axially aligned price levels according to a new last traded price being lower than the lowest traded price of the tradable object, the new lowest traded price level corresponding to the new last traded price.

9. The method of claim 1, further comprising moving the highest traded price indicator to a new highest traded price level of the plurality of axially aligned price levels according to a new last traded price being higher than the highest traded price of the tradable object, the new highest traded price level corresponding to the highest last traded price.

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

displaying, via a display associated with a computing device, a plurality of axially aligned price levels each associated with a price of a tradable object traded at an electronic exchange;

displaying, via the display, at least one order indicator associated with at least one order for the tradable object, the at least one order indicator being displayed at an associated price level of the plurality of axially aligned price levels corresponding to a price for the at least one order;

determining, via the computing device, a lowest traded price for the tradable object during a time period according to a last traded price received from the electronic exchange and a previous lowest traded price for the tradable object;

displaying a lowest traded price indicator at a lowest traded price level of the plurality of axially aligned price levels corresponding to the lowest traded price;

determining, via the computing device, a highest traded price for the tradable object during the time period according to the last traded price and a previous highest traded price for the tradable object;

displaying a highest traded price indicator at a highest traded price level of the plurality of axially aligned price levels corresponding to the highest traded price.

11. The computer readable medium of claim 10, where the order indicator represents a quantity available for trading and comprises any of a graphical indicator, a numerical indicator, a color-coded indicator, and combinations thereof.

12. The computer readable medium of claim 10, where the order indicator represents any of a current bid, a current ask, a highest bid, and a lowest ask.

13. The computer readable medium of claim 10, where a range of the plurality of axially aligned price levels is adjustable according to a repositioning command.

14. The computer readable medium of claim 10, where the repositioning command is any of a re-centering command, a scroll command, and combinations thereof.

15. The computer readable medium of claim 10, where the acts further comprise displaying an order entry region aligned with the plurality of axially aligned price levels, the order entry region having a plurality of locations for receiving commands for submitting orders for trading, and wherein each location of the plurality of locations corresponds to at least one of the plurality of axially aligned price levels.

16. The computer readable medium of claim 10, where the acts further comprise moving the lowest traded price indicator to a new lowest traded price level of the plurality of axially aligned price levels according to a new last traded price being lower than the lowest traded price of the tradable object, the new lowest traded price level corresponding to the new last traded price.

17. The computer readable medium of claim 10, where the acts further comprise moving the highest traded price indicator to a new highest traded price level of the plurality of axially aligned price levels according to a new last traded price being higher than the highest traded price of the tradable object, the new highest traded price level corresponding to the highest last traded price.

18. A system for electronic trading, comprising:

a processor configured to determine a lowest traded price for a tradable object during a time period according to a last traded price received from an electronic exchange and a previous lowest traded price, and to determine a highest traded price for the tradable object during the time period according to the last traded price and a previous highest traded price for the tradable object; and

a display operatively coupled with the processor and configured to display;

a static axis display configured to display a plurality of axially aligned price levels each associated with a price of a tradable object traded at the electronic exchange,

at least one order indicator associated with at least one order for the tradable object, the at least one order indicator being displayed at an associated price level of the plurality of axially aligned price levels corresponding to a price for the at least one order,

a lowest traded price indicator at a lowest traded price level of the plurality of axially aligned price levels corresponding to the lowest traded price, and

a highest traded price indicator at a highest traded price level of the plurality of axially aligned price levels corresponding to the highest traded price.

19. The system of claim 18, where the order indicator represents a quantity available for trading and comprises any of a graphical indicator, a numerical indicator, a color-coded indicator, and combinations thereof.

20. The system of claim 18, where a range of the plurality of axially aligned price levels is adjustable according to a repositioning command.

21. The system of claim 18, where the display further comprises an order entry region aligned with the plurality of axially aligned price levels, the order entry region having a plurality of locations for receiving commands for submitting orders for trading, and wherein each location of the plurality of locations corresponds to at least one of the plurality of axially aligned price levels.

22. The system of claim 18, where the lowest traded price indicator is displayed relative to a new lowest traded price level of the plurality of axially aligned price levels according to a new last traded price being lower than the lowest traded price of the tradable object, the new lowest traded price level corresponding to the new last traded price and the highest traded price indicator is displayed relative to a new highest traded price level of the plurality of axially aligned price levels according to a new last traded price being higher than the highest traded price of the tradable object, the new highest traded price level corresponding to the highest last traded price.