System and Method for Displaying Trade Information for Electronic Trading Exchange
First Claim
1. A method for displaying trade information, the method comprising:
- receiving from a host exchange a plurality of trade notifications, each trade notification corresponding to an executed trade and including an associated identification of the tradable object traded, an associated trade price, an associated trade quantity, and an associated trade execution time,for each executed trade of interest, determining whether the executed trade belongs in an aggregated set with one or more other executed trades, wherein all executed trades in an aggregated set are for the same associated tradable object, have traded at the same associated trade price, and have been executed within a predetermined time period of each other,for each aggregated set, displaying on a user display the corresponding executed trades in the set as a single aggregated trade with the associated identification of the tradable object traded, the associated trade price, and an associated aggregated quantity, andfor each executed trade of interest not in an aggregated set, displaying on the user display the associated identification of the tradable object traded, the associated trade price, and the associated trade quantity.
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Accused Products
Abstract
A system and method for displaying trade information is disclosed. The method includes receiving from a host exchange a plurality of trade notifications, each trade notification corresponding to an executed trade, and for each executed trade of interest, determining whether the executed trade belongs in an aggregated set with one or more other executed trades. All executed trades in an aggregated set are for the same associated tradable object, have traded at the same associated trade price, and have been executed within a predetermined time period of each other. Aggregated sets are displayed a user display with an associated aggregated quantity, and the remaining executed trades of interest are also displayed. Trades are displayed using an associated indicator for indicating whether the corresponding executed trade or aggregated trade traded on the bid side or on the offer side of the market, and which indicates whether additional volume is available at the associated trade price.
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Citations
19 Claims
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1. A method for displaying trade information, the method comprising:
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receiving from a host exchange a plurality of trade notifications, each trade notification corresponding to an executed trade and including an associated identification of the tradable object traded, an associated trade price, an associated trade quantity, and an associated trade execution time, for each executed trade of interest, determining whether the executed trade belongs in an aggregated set with one or more other executed trades, wherein all executed trades in an aggregated set are for the same associated tradable object, have traded at the same associated trade price, and have been executed within a predetermined time period of each other, for each aggregated set, displaying on a user display the corresponding executed trades in the set as a single aggregated trade with the associated identification of the tradable object traded, the associated trade price, and an associated aggregated quantity, and for each executed trade of interest not in an aggregated set, displaying on the user display the associated identification of the tradable object traded, the associated trade price, and the associated trade quantity. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method for displaying trade information, the method comprising:
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receiving from a host exchange a plurality of trade notifications, each trade notification corresponding to an executed trade and including an associated identification of the tradable object traded, an associated trade price, an associated trade quantity, and an associated trade execution time, receiving from a host exchange a plurality of bid and offer notifications, each bid or offer notification corresponding to a respective buy or sell order and including an associated identification of the tradable object, an associated bid or offer price, and an associated bid or offer quantity, for each executed trade of interest, comparing the associated trade price to at least one of a highest bid price and a lowest offer price corresponding to the associated tradable object traded and existing at the associated trade execution time to determine whether the executed trade occurred on a bid side or on an offer side of the market, and for each executed trade of interest, displaying on a user display the associated identification of the tradable object traded, the associated trade price, and the associated trade quantity, wherein each executed trade is displayed using an associated indicator for indicating whether it traded on the bid side or on the offer side of the market. - View Dependent Claims (12, 13, 14)
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15. A method for displaying trade information, the method comprising:
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receiving from a host exchange a plurality of trade notifications, each trade notification corresponding to an executed trade and including an associated identification of the tradable object traded, an associated trade price, an associated trade quantity, and an associated trade execution time, receiving from a host exchange a plurality of bid and offer notifications, each bid or offer notification corresponding to a respective buy or sell order and including an associated identification of the tradable object, and associated bid or offer price, and an associated bid or offer quantity, for each executed trade of interest, comparing the associated trade price to at least one of a highest bid price and a lowest offer price corresponding to the tradable object traded and existing at the associated trade execution time to determine whether the executed trade occurred on a bid side or on an offer side of the market, for each executed trade of interest, identifying any other executed trades which together form an aggregated set, wherein executed trades in the aggregated set are for the same tradable object, have the same associated trade price, have been executed within a predetermined time period of each other without an intervening reported trade, and occurred on the same bid or offer side of the market, for each aggregated set, displaying on a user display the corresponding executed trades in the set as a single aggregated trade with the associated identification of the tradable object traded, the associated trade price, and an associated aggregated quantity, and for each executed trade of interest not in an aggregated set, displaying on the user display that executed trade with the associated identification of the tradable object traded, the associated trade price, and the associated trade quantity, wherein each displayed trade is displayed using an associated indicator for indicating whether the corresponding executed trade or aggregated trade traded on the bid side or on the offer side of the market. - View Dependent Claims (16, 17, 18)
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19. A trader system for displaying trade information, the system comprising:
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a user device for inputting buy and sell orders and user preferences including which tradable objects are of interest, a processor running a trading application, wherein the trading application for each executed trade of interest, operates to compare an associated trade price to at least one of a highest bid price and a lowest offer price corresponding to the tradable object traded and existing at the associated trade execution time to determine whether the executed trade occurred on a bid side or on an offer side of the market, and for each executed trade of interest, to identify any other executed trades which together form an aggregated set, wherein executed trades in the aggregated set are for the same tradable object, have the same associated trade price, have been executed within a predetermined time period of each other without an intervening reported trade, and occurred on the same bid or offer side of the market, and a display for displaying trade information, wherein for each aggregated set, the corresponding executed trades in the set are displayed as a single aggregated trade with an associated identification of the tradable object traded, an associated trade price, and an associated aggregated quantity, wherein for each executed trade of interest not in an aggregated set, that executed trade is displayed with an associated identification of the tradable object traded, an associated trade price, and an associated trade quantity, and wherein each displayed trade is displayed using an associated visual indicator for indicating whether the corresponding executed trade or aggregated trade traded on the bid side or on the offer side of the market.
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Specification