Method, apparatus and interface for trading multiple tradeable objects

• US 7,627,519 B2
• Filed: 05/03/2006
• Issued: 12/01/2009
• Est. Priority Date: 11/13/2002
• Status: Expired due to Term

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Burns, Michael J.
• Primary Examiner(s): Kramer; James A
• Assistant Examiner(s): WONG, ERIC TAK WAI
• Application Number:
  US11/418,475
• Publication Number:
  US 20060265322A1
• Time in Patent Office: 1,308 Days
• Field of Search: 705/36.R, 705/37
• US Class Current: 705/37
• 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

An interface for trading multiple tradeable objects includes a price axis or scale. A first indication of quantities represented in a market for a first tradeable object is displayed in association with the price axis or scale. A second indication of quantities represented in the market for a second tradeable object is displayed in association with the price axis or scale. The first tradeable object may be different than the second tradeable object. Alternatively, the first tradeable object and the second tradeable object may be the same, but the indications of quantity may be provided from different sources, such as different exchanges.

Claims

1. A method for displaying market information relating to two tradeable objects being traded on at least one electronic exchange using a graphical user interface and a user input device and having preset parameters for trade orders, the method comprising:

dynamically displaying, via a computing device, a first combined quantity indicator at a location corresponding to a first price level of a plurality of price levels on a common static price axis, the first combined quantity indicator representing quantity associated with an order to buy a first tradeable object and an order to buy a second tradeable object pending in an order book of the at least one electronic exchange, wherein the first tradeable object and the second tradeable object are different tradeable objects;

dynamically displaying, via the computing device, a second combined quantity indicator at a location corresponding to a second price level on the common static price axis, the second combined quantity indicator representing quantity associated with an order to sell the first tradeable object and an order to sell the second tradeable object pending in the order book of the at least one electronic exchange;

displaying, via the computing device, an order entry region comprising a plurality of locations corresponding to the plurality of price levels along the common static price axis, such that a selection of one of the plurality of locations corresponding to a particular price level by a single action of a user input device sends a trade order for the first tradeable object, the second tradeable object, or both the first tradeable object and the second tradeable object based on a quantity allocation rule that is used to allocate a preset default order quantity to determine an order quantity of the trade order; and

displaying, via the computing device, a working quantity region for displaying at least one entered order indicator in a location corresponding to the particular price level along the common static price axis, wherein the at least one entered order indicator represents at least one user'"'"'s trade order working at the particular price level designated with the at least one entered order indicator, wherein the at least one entered order indicator comprises at least one of;

a first entered order indicator representing a working trade order for a quantity allocated to the first tradeable object, and a second entered order indicator representing a working trade order for a quantity allocated to the second tradeable object.

2. The method of claim 1, further comprising:

displaying an entered order region for displaying the at least one entered order indicator, the entered order region comprising a plurality of locations, such that each location corresponds to a price level along the common static price axis.

3. The method of claim 2, wherein the entered order region comprises a first entered order region for displaying the first entered order indicator and a second entered order region for displaying the second entered order indicator.

4. The method of claim 1, further comprising:

displaying a current status for the at least one entered order in relation to each of the first and second entered order indicators, wherein the current status comprises displaying a quantity that has been filled at the particular price level for the entered order.

5. The method of claim 1, further comprising:

displaying a current status for the at least one entered order in relation to each of the first and second entered order indicators, wherein the current status comprises displaying a quantity that is currently working at the particular price level for the entered order.

6. The method of claim 1, further comprising:

sending at least one order for the first tradeable object, the second tradeable object, or both the first and second tradeable object to the at least one electronic exchange based on the allocated order quantity.

7. The method of claim 1, wherein the single action of the user input device consists of a single click of a mouse.

8. The method of claim 1, wherein the single action of the user input device consists of a double click of a mouse.

9. The method of claim 1, wherein displaying the order entry region comprises:

displaying a bid order entry region comprising a plurality of locations for sending buy trade orders, each location corresponding to a price level along the common static price axis; and

displaying an ask order entry region comprising a plurality of locations for sending sell trade orders, each location corresponding to a price level along the common static price axis.

10. The method of claim 9, further comprising:

displaying the first combined quantity indicator in the bid order entry region; and

displaying the second combined quantity indicator in the ask order entry region.

11. The method of claim 1, further comprising:

establishing a plurality of quantity allocation rules to be used to allocate the preset default order quantity of a trade order received by the order entry region.

12. The method of claim 11, further comprising:

in response to a selection of one of the plurality of locations of the order entry region corresponding to a particular price, using the quantity allocation rule of the plurality of quantity allocation rules to allocate the preset default quantity of the trade order to the first tradeable object, the second tradeable object, or both the first and second tradeable objects.

13. The method of claim 1, wherein the quantity allocation rule is user-defined.

14. The method of claim 1, further comprising:

receiving a first data feed comprising market data related to the first tradeable object, the market data comprising quantities at a first plurality of price levels; and

receiving a second data feed comprising market data related to the second tradeable object, the market data comprising quantities at a second plurality of price levels.

15. The method of claim 1, further comprising:

defining a priority rule to be used to select at least the quantity allocation rule from a plurality of quantity allocation rules.

16. The method of claim 1, wherein the at least one entered order indicator comprises at least one graphical indicator.

17. The method of claim 1, wherein the at least one entered order indicator comprises at least one numerical indicator.

18. The method of claim 1, further comprising:

color-coding the at least one entered order indicator to represent the order quantity allocated to each of the first tradeable object and the second tradeable object.