System and method for displaying profit related information in an electronic trading environment
First Claim
1. A computing device for displaying a graphical user interface configured to display profit 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 profit information area defined by a first axis and a second axis being substantially orthogonal to the first axis, the first axis representing a profit level for the tradeable object with a range of profit levels, the second axis representing a range of net positions for the tradeable object with a range of net positions;
a first indicator being dynamically displayed, at a current time, in a first location corresponding to a first profit level along the first axis, the first indicator further representing a particular net position according to the second axis and based on a certain amount of the tradeable object either bought or sold up to the current time, wherein the first indicator represents a first profit or loss, based on the first profit level along the first axis, that a trader would incur if the particular net position was closed at the current time,wherein the first profit level corresponding to the first location is based on any of the following;
a best ask price, a best bid price or a last traded price for the tradeable object provided in a first market update from an electronic exchange at the current time and further based on a price level of getting into the particular net position, andwherein the first indicator is dynamically displayed in a second location corresponding to another profit level along the first axis upon receiving a new market update from the electronic exchange, the second market update comprising an updated best ask price, an updated best bid price, or an updated last traded price for the tradeable object that is used to determine the another profit level; and
a second indicator being dynamically displayed, at the current time, in a third location corresponding to a second profit level along the first axis, the second indicator further representing a working order quantity being based on a working quantity of at least one order that is pending at the electronic exchange to be filled, wherein the second indicator represents a second profit or loss, based on the second profit level along the first axis, that the trader would incur if the working order quantity was filled to decrease or increase the particular net position.
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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.
87 Citations
31 Claims
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1. A computing device for displaying a graphical user interface configured to display profit information related to a tradeable object being traded in an electronic trading environment, the computing device comprising:
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a processing device programmed to display a graphical user interface having; a profit information area defined by a first axis and a second axis being substantially orthogonal to the first axis, the first axis representing a profit level for the tradeable object with a range of profit levels, the second axis representing a range of net positions for the tradeable object with a range of net positions; a first indicator being dynamically displayed, at a current time, in a first location corresponding to a first profit level along the first axis, the first indicator further representing a particular net position according to the second axis and based on a certain amount of the tradeable object either bought or sold up to the current time, wherein the first indicator represents a first profit or loss, based on the first profit level along the first axis, that a trader would incur if the particular net position was closed at the current time, wherein the first profit level corresponding to the first location is based on any of the following;
a best ask price, a best bid price or a last traded price for the tradeable object provided in a first market update from an electronic exchange at the current time and further based on a price level of getting into the particular net position, andwherein the first indicator is dynamically displayed in a second location corresponding to another profit level along the first axis upon receiving a new market update from the electronic exchange, the second market update comprising an updated best ask price, an updated best bid price, or an updated last traded price for the tradeable object that is used to determine the another profit level; and a second indicator being dynamically displayed, at the current time, in a third location corresponding to a second profit level along the first axis, the second indicator further representing a working order quantity being based on a working quantity of at least one order that is pending at the electronic exchange to be filled, wherein the second indicator represents a second profit or loss, based on the second profit level along the first axis, that the trader would incur if the working order quantity was filled to decrease or increase the particular net position. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A method for displaying profit related information associated with a tradeable object in an electronic trading environment, the method comprising:
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displaying a profit information area via a display device, the profit information area defined by a profit level axis and a net position axis being substantially orthogonal to the profit level axis, the profit level axis representing a profit level for the tradeable object with a range of profit levels, the net position axis representing a range of net positions for the tradeable object with a range of net positions; determining a net profit level based on a trader'"'"'s net position and a current market level associated with the tradeable object via a computing device, wherein the trader'"'"'s net position is based on a certain amount of the tradeable object either bought or sold up to a current time, wherein the net profit level represents a profit or loss that a trader would incur if the trader'"'"'s net position was closed at a current time, wherein the current market level is based on any of the following;
a best ask price, a best bid price or a last traded price for the tradeable object provided in a first market update from an electronic exchange at the current time, and further based on a price level of getting into the trader'"'"'s net position;dynamically displaying a first indicator corresponding to the trader'"'"'s net profit level and the net position, wherein the first indicator is displayed in a first location corresponding to the net profit level along the profit level axis and representing the net position; dynamically displaying the first indicator in a second location corresponding to another profit level along the profit level axis upon receiving a second market update from the electronic exchange, the second market update comprising an updated best ask price, an updated best bid price, or an updated last traded price for the tradeable object that is used to determine the another profit level; and dynamically displaying a second indicator, at the current time, in a third location corresponding to a second profit level along the profit level axis, the second indicator further representing a working order quantity being based on a working quantity of at least one order that is pending at the electronic exchange to be filled, wherein the second indicator is used to determine a second profit or loss, based on the second profit level along the profit level axis, that the trader would incur if the working order quantity was filled to decrease or increase the trader'"'"'s net position. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27, 28, 29, 30)
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31. A computer readable medium having stored therein instructions executable by a processor to perform a method, the method comprising:
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displaying a profit information area defined by a profit level axis and a net position axis being substantially orthogonal to the profit level axis, the profit level axis representing a profit level for the tradeable object with a range of profit levels, the net position axis representing a range of net positions for the tradeable object with a range of net positions; determining a net profit level based on a trader'"'"'s net position and a current market level associated with the tradeable object, wherein the trader'"'"'s net position is based on a certain amount of the tradeable object either bought or sold up to a current time, wherein the net profit level represents a profit or loss that a trader would incur if the trader'"'"'s net position was closed at a current time, wherein the current market level is based on any of the following;
a best ask price, a best bid price or a last traded price for the tradeable object provided in a first market update from an electronic exchange at the current time, and further based on a price level of getting into the trader'"'"'s net position;dynamically displaying a first indicator corresponding to the trader'"'"'s net profit level and the net position, wherein the first indicator is displayed in a first location corresponding to the net profit level along the profit level axis and representing the net position; dynamically displaying the first indicator in a second location corresponding to another profit level along the profit level axis upon receiving a second market update from the electronic exchange, the second market update comprising an updated best ask price, an updated best bid price, or an updated last traded price for the tradeable object that is used to determine the another profit level; and dynamically displaying a second indicator, at the current time, in a third location corresponding to a second profit level along the profit level axis, the second indicator further representing a working order quantity being based on a working quantity of at least one order that is pending at the electronic exchange to be filled, wherein the second indicator is used to determine a second profit or loss, based on the second profit level along the profit level axis, that the trader would incur if the working order quantity was filled to decrease or increase the trader'"'"'s net position.
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Specification