System and method for creating trade-related annotations in an electronic trading environment

• US 7,565,319 B1
• Filed: 05/02/2006
• Issued: 07/21/2009
• Est. Priority Date: 09/30/2002
• Status: Active Grant

• Current Assignee: Trading Technologies, Inc. (Trading Technologies International, Inc.)
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Strauss, Mark Leon, Ziemkiewciz, Peter Francis
• Primary Examiner(s): Trammell; James P
• Assistant Examiner(s): Tran; Hai
• Application Number:
  US11/415,864
• Time in Patent Office: 1,176 Days
• Field of Search: 705 37- 44
• US Class Current: 705/37
• CPC Class Codes: G06Q 10/04 Forecasting or optimisation specially adapted for administrative or management purposes, e.g. linear programming or "cutting stock problem" market predictions or forecasting for commercial activities G06Q30/0202
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• 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 a trading screen interface and an annotation interface in relation to the trading screen interface. The annotation interface allows a trader to enter trade-related annotations in a quick and efficient manner or flag a predetermined time and input annotations to be associated with the flagged time a later time, while the trading screen interface allows the trader to make trades at the most favorable prices and in a speedy manner. The annotation interface may alternatively not be displayed and allow for audio input.

Claims

1. A method for recording annotations in an electronic trading environment, the method comprising:

receiving real time market data from an electronic exchange comprising a best bid price and a best ask price currently available for a tradeable object;

displaying a first graphical interface at a client terminal, wherein the first graphical interface displays the real time market data as the real time market data is being received from the electronic exchange;

displaying a second graphical interface at the client terminal in relation to the first graphical interface, wherein the second graphical interface is configured for user annotations relative to the real time market data;

receiving a first user command via an input device, the first user command identifying a portion of the real time market data being received and displayed in the first graphical interface at a point in time when the first user command was received via the input device;

in response to the first user command, storing the identified portion of the real time market data and the point in time when the first user command was received;

displaying a user-selectable indicator associated with the stored time;

receiving a second user command via the input device subsequent to the stored time to select the indicator and to create the annotation record;

in response to the selection of the indicator, creating an annotation record;

displaying the annotation record on the second graphical interface;

receiving user data via the displayed annotation record; and

storing the user data with the annotation record and the identified portion of the real time market data.

2. The method of claim 1, wherein recording the real time market data corresponding to the time period comprises:

recording a screenshot of the first graphical interface at the flagged time, wherein the screenshot comprises current market information displayed via the first graphical interface at the flagged time.

3. The method of claim 2, further comprising:

storing the screenshot in association with the annotation record.

4. The method of claim 1, further comprising:

displaying the second graphical interface in relation to the first graphical interface.

5. The method of claim 1, wherein the user data comprises audio data.

6. The method of claim 1, wherein the user data comprises text data.

7. The method of claim 1, wherein the user data comprises a combination of audio and text data.

8. The method of claim 1, further comprising:

receiving a user request to view the user data associated with the annotation record; and

providing the user data associated with the annotation record.

9. The method of claim 8, wherein, if the user data comprises audio data, playing the audio data when the data associated with the annotation record is provided.

10. The method of claim 8, wherein providing the user data comprises displaying the user data via the second graphical interface.

11. The method of claim 8, further comprising:

receiving a user request to view the recorded market data corresponding to the user data in the annotation record; and

displaying the recorded market data via the second graphical interface, wherein the market data being displayed is associated with the flagged time in the annotation record.

12. The method of claim 1, further comprising:

displaying an activation identifier associated with the second graphical interface, wherein the activation identifier is displayed in relation to the first graphical interface, and wherein the activation identifier is used to activate the second graphical interface.

13. The method of claim 12, wherein the activation identifier is displayed on the first graphical interface.

14. The method of claim 12, further comprising:

receiving a user input selecting the activation identifier; and

displaying the second graphical interface responsive to receiving the user input selecting the activation identifier.

15. The method of claim 1, wherein the first graphical interface comprises a trading screen interface.

16. The method of claim 1, wherein the second graphical interface comprises a pop-up window.

17. The method of claim 1, further comprising:

displaying a plurality of category icons via the second graphical interface, wherein the plurality category icons categorize user data into a plurality of categories.

18. The method of claim 1, further comprising:

recording the real time market data being displayed via the first graphical interface for a time period determined by a moving time window; and

storing the real time market data corresponding to the moving time window when a command to flag a time to create an annotation is received during the moving time window.

19. A computer readable medium having stored therein instructions for execution by a processor to perform a method comprising:

receiving real time market data from an electronic exchange comprising a best bid price and a best ask price currently available for a tradeable object;

displaying a first graphical interface at a client terminal, wherein the first graphical interface displays the real time market data as the real time market data is being received from the electronic exchange;

displaying a second graphical interface at the client terminal in relation to the first graphical interface, wherein the second graphical interface is configured for user annotations relative to the real time market data;

receiving a first user command via an input device, the first user command identifying a portion of the real time market data being received and displayed in the first graphical interface at a point in time when the user command was received;

in response to the first user command, storing the identified portion of the real time market data and the point in time at which the first user command was received;

displaying a user-selectable indicator associated with the stored time;

receiving a second user command via the input device subsequent to the stored time to select the indicator and to create the annotation record;

in response the selection of the indicator, creating an annotation record;

receiving user data via the displayed annotation record; and

storing the user data with the annotation record and the identified portion of the real time market data.

20. The computer readable medium of claim 19, wherein recording market data corresponding to the time period comprises:

recording a screenshot of the first graphical interface at the flagged time, wherein the screenshot comprises current market information displayed via the first graphical interface at the flagged time.

21. The computer readable medium of claim 20, further comprising:

storing the screenshot in association with the annotation record.