System and method for displaying money management information in an electronic trading environment

• US 7,565,315 B2
• Filed: 05/29/2003
• Issued: 07/21/2009
• Est. Priority Date: 01/31/2003
• Status: Expired due to Fees

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: West, Robert A., Burns, Michael J.
• Primary Examiner(s): Karmis; Stefanos
• Assistant Examiner(s): Lemieux; Jessica L
• Application Number:
  US10/447,703
• Publication Number:
  US 20040153394A1
• Time in Patent Office: 2,245 Days
• Field of Search: 705/37
• 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 system and method for displaying a plurality of profit and risk related indicators are described. A graphical interface displays and dynamically updates a plurality of profit/loss (P/L) indicators including a realized, net, and open indicator. The net and open indicators are based on a trader'"'"'s net position and a current market level, while the realized indicator is based on trader'"'"'s buys and sells associated with a tradeable objects. In one embodiment, the plurality of indicators are displayed in relation to a plurality of money management regions defining a maximum order quantity and a maximum net position controlling the trader'"'"'s trades, so that a trader can quickly determine his current as well as potential money management parameters. The graphical interface may also display a plurality of potential risk/gain indicators in relation to a realized profit indicator so that a trader, before entering an order having a predetermined order quantity, can view a potential risk/gain in entering into a predetermined net position in view of potential market movements.

Claims

1. A computing device for displaying a graphical interface for money management information related to a tradeable object being traded in an electronic trading environment, the computing device comprising:

a processing device programmed to display a graphical user interface having;

a visually perceptible computer-generated display of information related to a tradeable object according to substantially real-time streaming market information from an electronic exchange at which the tradeable object is traded and user information associated with user'"'"'s orders for the tradeable object that the user submitted to the electronic exchange for trading;

a money management region of the display for a plurality of money management parameters for controlling order parameters of the user'"'"'s orders with respect to the market information, the money management region having a range of profit levels along an axis orthogonal to an axis of a range of quantities associated with a range of quantities of the user'"'"'s orders; and

a first indicator being dynamically displayed in a first location in relation to the money management region of the display corresponding to a first set of money management parameters being currently used to control orders before the orders are sent to at least one electronic exchange, the first indicator being updatable according to information associated with the user'"'"'s orders for the tradeable object.

2. The computing device of claim 1, where the graphical user interface further comprises:

a second indicator being dynamically displayed in a second location in relation to the money management region of the display corresponding to a second set of money management parameters to be potentially used to control the orders, the second location being updatable according to the substantially real-time streaming market information from the electronic exchange.

3. The computing device of claim 2, wherein the first indicator and the second indicator comprise profit indicators.

4. The computing device of claim 3, wherein the first indicator comprises a realized profit indicator associated with a realized profit level determined based on buys and sells for the tradeable object.

5. The computing device of claim 3, wherein the second indicator comprises a net profit indicator representing a net profit level and a net position, wherein the net profit level is determined at least in part based on a current market level and a net position associated with the tradeable object.

6. The computing device of claim 5, wherein a length of the second indicator corresponds to the net position.

7. The computing device of claim 3, wherein each profit indicator is dynamically updated to a new location in relation to the money management region upon detecting a change in a profit level corresponding to each profit indicator.

8. The computing device of claim 1, wherein the money management region is displayed along a profit level axis, and wherein the money management region is related to a predetermined profit range.

9. The computing device of claim 8, wherein the profit level axis comprises a plurality of profit levels being displayed in a decreasing order.

10. The computing device of claim 8, wherein the money management region is further displayed in relation to a quantity axis.

11. The computing device of claim 10, wherein the money management region comprises a plurality of money management regions being displayed in relation to the profit level axis and the quantity axis, each of the plurality of money management regions associated with a set of money management parameters.

12. The computing device of claim 11, wherein the plurality of money management regions comprise at least a less restrictive money management region and a more restrictive money management region, wherein the more restrictive money management region is displayed in relation to a lower profit level range than the less restrictive money management region.

13. The computing device of claim 11, wherein each set of money management parameters comprises a profit level range and at least one quantity for controlling order parameters.

14. The computing device of claim 13, wherein the at least one quantity comprises a maximum order quantity.

15. The computing device of claim 13, wherein the at least one quantity comprises a maximum net position.

16. The computing device of claim 13, wherein the at least one quantity associated with each money management region comprises at least one maximum order quantity and at least one maximum net position.

17. The computing device of claim 13, wherein the first location corresponds to one of the plurality of money management regions.

18. The computing device of claim 1, where the graphical user interface further comprises:

a potential profit indicator corresponding to a plurality of potential profit levels determined based on a predetermined market movement, wherein the potential profit indicator is displayed in the money management region.

19. The computing device of claim 18, wherein the plurality of potential profit levels comprises a plurality of potential profit gain levels.

20. The computing device of claim 18, wherein the plurality of potential profit levels comprises a plurality of potential profit loss levels.

21. The computing device of claim 1, where the graphical user interface further comprises:

a working order indicator being displayed in relation to the first indicator in the money management region, the working order indicator corresponding to a potential profit level based on a working order, wherein a length of the working order indicator corresponds to a working order quantity.

22. A method for displaying money management information related to a tradeable object being traded in an electronic trading environment, the method comprising:

electronically generating on a visually perceptible display associated with a trading device, of information related to a tradeable object according to substantially real-time streaming market information received from an electronic exchange at which the tradeable object is traded and user information associated with the user'"'"'s orders for the tradeable object that the user submitted to the electronic exchange for trading;

displaying a money management region via the display for a plurality of money management parameters for controlling order parameters of the user'"'"'s orders with respect to the market information, the money management region having a range of profit levels along an axis being orthogonal to an axis of a range of quantities associated with a range of quantities of the user'"'"'s orders; and

dynamically displaying on the display a first indicator in a first location in relation to the money management region of the display corresponding to a first set of money management parameters being currently applied to orders before the orders are sent to at least one electronic exchange, the first location being updatable according to the user information associated with the user'"'"'s orders for the tradeable object.

23. The method of claim 22, further comprising:

dynamically displaying a second indicator in a second location in relation to the money management region of the display corresponding to a second set of money management parameters to be potentially used to control the orders, the second location being updatable according to the substantially real-time streaming market information from the electronic exchange.

24. The method of claim 22, wherein the first indicator comprises a realized profit indicator representing a realized profit level determined at least in part based on buys and sells associated with the tradeable object, and wherein the second indicator comprises a net profit indicator representing a net position and a net profit level, wherein the net profit level is determined at least in part based on a current market level and the net position associated with the tradeable object.

25. The method of claim 24, further comprising:

dynamically determining the net profit level and the realized profit level upon receiving market data from the electronic exchange;

updating the first indicator to a new location upon detecting a change in the net profit level; and

updating the second indicator to a new location upon detecting a change in the realized profit level.

26. The method of claim 22, further comprising:

displaying a profit level axis; and

displaying a quantity level axis, wherein the money management region is displayed in relation to the profit level axis and the quantity level axis.

27. The method of claim 26, wherein the profit level axis comprises a plurality of profit levels displayed in a decreasing order.

28. The method of claim 22, wherein the money management region comprises a first money management region associated with a set of less restrictive money management parameters, and a second money management region associated with a set of more restrictive money management parameters, wherein the second money management region is associated with a lower profit level range than the first money management region.

29. The method of claim 22, wherein the money management parameters comprise a maximum order quantity.

30. The method of claim 22, wherein the money management parameters comprise a maximum net position.

31. The method of claim 22, farther comprising:

displaying a potential profit indicator corresponding to a plurality of potential profit levels determined for a predetermine market movement, wherein the potential profit indicator is displayed in the money management region.

32. The method of claim 22, farther comprising:

displaying a working order profit indicator in relation to the money management region, wherein a length of the working order indicator corresponds to a working order quantity.

33. A computer readable medium having instructions stored therein which, when executed by a computing device, cause the computing device to carry out a method comprising:

electronically generating a visually perceptible display of information related to a tradeable object according to substantially real-time streaming market information from an electronic exchange at which the tradeable object is traded and user information associated with the user'"'"'s orders for the tradeable object that the user submitted to the electronic exchange for trading;

displaying a money management region of the display for a plurality of money management parameters for controlling order parameters of the user'"'"'s orders with respect to the market information, the money management region having a range of profit levels along an axis being orthogonal to an axis of a range of quantities associated with a range of quantities of the user'"'"'s orders; and

dynamically displaying a first indicator in a first location in relation to the money management region of the display corresponding to a first set of money management parameters being currently applied to orders before the orders are sent to at least one electronic exchange, the first location being updatable according to the user information associated with the user'"'"'s orders for the tradeable object.