Trading Tools for Electronic Trading
First Claim
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1. A method for displaying market information corresponding to a commodity being traded at an electronic exchange, comprising:
- receiving market data relating to the commodity from an electronic exchange, the market data comprising an inside market having a current highest bid price and a current lowest ask price available for the commodity and further comprising market depth for the commodity;
determining a plurality of price levels at which the commodity can be traded based on the received market data;
defining a first price range comprising a first plurality of price levels that are lower than the current highest bid price;
defining a second price range comprising a second plurality of price levels that are higher than the current lowest ask price;
defining an order quantity threshold range for the first plurality of price levels and the second plurality of price levels;
determining, based on the received market depth, that there is at least one price level in the first price range and the second price range at which an order quantity falls in the order quantity threshold range; and
providing a quantity indicator for each of the at least one price level at which the order quantity falls in the order quantity threshold range.
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Abstract
Tools for trading and monitoring a commodity on an electronic exchange using a graphical user interface and a user input device. The tools will aid the trader in determining the status, trends in the market, and the trader'"'"'s position in the market.
127 Citations
14 Claims
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1. A method for displaying market information corresponding to a commodity being traded at an electronic exchange, comprising:
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receiving market data relating to the commodity from an electronic exchange, the market data comprising an inside market having a current highest bid price and a current lowest ask price available for the commodity and further comprising market depth for the commodity; determining a plurality of price levels at which the commodity can be traded based on the received market data; defining a first price range comprising a first plurality of price levels that are lower than the current highest bid price; defining a second price range comprising a second plurality of price levels that are higher than the current lowest ask price; defining an order quantity threshold range for the first plurality of price levels and the second plurality of price levels; determining, based on the received market depth, that there is at least one price level in the first price range and the second price range at which an order quantity falls in the order quantity threshold range; and providing a quantity indicator for each of the at least one price level at which the order quantity falls in the order quantity threshold range. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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Specification