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Method and system for displaying and trading spreads

  • US 7,542,937 B1
  • Filed: 08/28/2002
  • Issued: 06/02/2009
  • Est. Priority Date: 08/28/2002
  • Status: Active Grant
First Claim
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1. A method for displaying spread information and trading spreads, the method comprising:

  • calculating a first spread between a first tradable object and a second tradable object, the first tradable object having a first identifier and the second tradable object having a second identifier;

    receiving market data from the first and second tradable objects from an electronic exchange, wherein the market data for the first tradable object comprises a highest bid price and a lowest ask price currently available for the first tradable object and the market data for the second tradable object comprises a highest bid price and a lowest ask price currently available for the second tradable;

    calculating price and quantity information for a the first spread, wherein the price and quantity information for the first spread comprises a highest bid price and a lowest ask price currently available for the first spread;

    displaying on a graphical user interface the first identifier for the first tradable object at a first location displayed in a first column; and

    displaying on the graphical user interface the second identifier for the second tradable object at a second location in the first column, wherein the second location is adjacent to the first location in the first column;

    displaying on the graphical interface the highest bid price and a lowest ask price currently available for the first tradable object at a third location in a second column, the second column being adjacent to the first column, wherein the third location is in horizontal alignment with the first location in the first column;

    displaying on the graphical user interface the highest bid price and a lowest ask price currently available for the second tradable object at a fourth location in the second column, wherein the fourth location is in horizontal alignment with the second location in the second column;

    displaying on the graphical user interface the highest bid price and a lowest ask price currently available for the first spread at a fifth location in a third column, the third column being adjacent to the second column, wherein the fifth location is centered in horizontal alignment with respect to the third and fourth locations in the second column to correlate the first spread to the first and second tradable objects;

    providing a first order entry region for initiating spread orders for the first spread on the graphical user interface, wherein the first order entry region overlaps the third column and comprises a first order entry location that overlaps the highest bid price for the first spread and a second order entry location that overlaps the lowest ask price for the first spread; and

    selecting the first order entry location or the second order entry location with a user input device to set a price level for an order to buy or sell the first spread at the highest bid price or a lowest ask price available for the first spread.

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