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

• US 7,580,882 B2
• Filed: 05/02/2006
• Issued: 08/25/2009
• Est. Priority Date: 01/31/2003
• Status: Active Grant

• 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
• Application Number:
  US11/416,464
• Publication Number:
  US 20060259401A1
• Time in Patent Office: 1,211 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 configured to display a graphical user interface of 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 first axis representing a profit level for the tradeable object;

a second axis representing a quantity level for the tradeable object;

a plurality of money management regions associated with a plurality of money management parameters for controlling order parameters, each money management region being displayed in relation to the first axis and the second axis, and each money management region being associated with a range of profit levels on the first axis and a range of quantities on the second axis for order quantities of orders submitted to an electronic exchange when each of the plurality of money management regions controls a trader'"'"'s order;

a profit level indicator representing a particular profit level for a trading entity incurred up to a current time and being dynamically displayed in a first location of one of the plurality of the money management regions along the first axis based on the particular profit level, wherein the profit level indicator is dynamically displayed in different locations of the plurality of money management regions as the particular profit level changes, and wherein the first location corresponds to a first set of money management parameters of the one of the plurality of money management regions being currently used to control trader'"'"'s orders before the orders are sent to the electronic exchange; and

a potential profit indicator displayed in relation to the profit level indicator, the potential profit indicator corresponding to a potential profit or a potential loss that would be incurred when an order for a specific order quantity is submitted to the electronic exchange while a preset market movement is detected in relation to a position created with the specific order quantity.

2. The computing device of claim 1, wherein the particular profit level is based on a realized profit level representing a difference between (a total sell price×

quantity bought) and (a total buy price×

quantity bought) associated with trades up to the current time.

3. The computing device of claim 1, wherein the profit level indicator moves relative to the first axis when the particular profit level changes.

4. The computing device of claim 1, further comprising:

another potential profit indicator in relation to the profit level indicator, the another potential profit indicator corresponding to another potential profit or a potential loss that would be incurred when the order for the specific order quantity is submitted to the electronic exchange while another preset market movement is detected in relation to the position created with the specific order quantity.

5. The computing device of claim 1, wherein the profit level indicator comprises a graphical indicator positioned in the first location, and wherein the graphical indicator comprises a line perpendicular to the first axis.

6. The computing device of claim 1, wherein the potential profit indicator comprises a graphical indicator positioned in relation to the profit level indicator, and wherein the graphical indicator comprises a line.

7. The computing device of claim 6, wherein the line is positioned at an angle corresponding to the preset market movement.

8. The computing device of claim 1, wherein the preset market movement comprises a preset price movement.

9. The computing device of claim 1, wherein the plurality of money management parameters for controlling order parameters comprises a maximum net position.

10. The computing device of claim 9, wherein the range of quantities corresponding to each money management region is based on the maximum net position associated with each money management region.

11. The computing device of claim 1, wherein the plurality of money management parameters for controlling order parameters comprises a maximum order quantity for orders to be submitted to the electronic exchange.

12. The computing device of claim 10, wherein the range of quantities corresponding to each money management region is based on the maximum order quantity associated with each money management region.

13. The computing device of claim 11, further comprising:

displaying a maximum order quantity indicator in relation to each money management region.

14. A computer readable medium having stored therein instructions executable by a processor to perform a method for displaying money management information related to a tradeable object being traded in an electronic trading environment comprising:

displaying, on a display device associated with the processor, a graphical user interface having a first axis representing a profit level for the tradeable object;

displaying on the graphical user interface a second axis representing a quantity level for the tradeable object;

displaying a plurality of money management regions associated with a plurality of money management parameters for controlling order parameters, each money management region being displayed in relation to the first axis and the second axis, and each money management region being associated with a range of profit levels on the first axis and a range of quantities on the second axis for order quantities of orders submitted to an electronic exchange when each of the plurality of money management regions controls a trader'"'"'s order;

displaying a profit level indicator representing a particular profit level for a trading entity incurred up to a current time and being dynamically displayed in a first location of one of the plurality of the money management regions along the first axis based on the particular profit level, wherein the profit level indicator is dynamically displayed in different locations of the plurality of money management regions as the particular profit level changes, and wherein the first location corresponds to a first set of money management parameters of the one of the plurality of money management regions being currently used to control trader'"'"'s orders before the orders are sent to the electronic exchange; and

displaying a potential profit indicator displayed in relation to the profit level indicator, the potential profit indicator corresponding to a potential profit or a potential loss that would be incurred when an order for a specific order quantity is submitted to the electronic exchange while a preset market movement is detected in relation to a position created with the specific order quantity.

15. The computer readable medium of claim 14, wherein the particular profit level is based on a realized profit level representing a difference between (a total sell price×

quantity bought) and (a total buy price×

quantity bought) associated with trades up to the current time.

16. The computer readable medium of claim 14, wherein the profit level indicator moves relative to the first axis when the particular profit level changes.