System and method for trading multiple tradeable objects using a single trading interface

• US 7,711,630 B2
• Filed: 06/06/2005
• Issued: 05/04/2010
• Est. Priority Date: 06/06/2005
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Murphy, Stephen J., O'Connor, Gerald J.
• Primary Examiner(s): Kramer; James
• Assistant Examiner(s): Khattar; Rajesh
• Application Number:
  US11/146,167
• Publication Number:
  US 20060277136A1
• Time in Patent Office: 1,793 Days
• Field of Search: 705 35- 45
• 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

Abstract

A system and method are provided for displaying information related to a plurality of tradeable objects using a single graphical interface. One example graphical interface includes at least two screen regions displayed in relation to each other, with each region including a plurality of locations. Each location in the first screen region corresponds to a value along a first value axis, and each location in the second screen region corresponds to a value along a second value axis. The graphical interface also includes a first indicator in the first region and a second indicator in the second region. In response to a repositioning command based on an algorithm, the graphical interface includes a repositioned first value axis and the second value axis, such that the indicators are displayed in new locations determined based on the algorithm.

Claims

1. A method for displaying market information of a tradeable object comprising:

displaying, in a first screen region of a graphical user interface on a display of a computing device, a portion of a first value axis for a first tradeable object, the first value axis having a first plurality of locations, each of the first plurality of locations corresponding to a value for buy orders and sell orders for the first tradeable object;

dynamically displaying an indicator relating to an inside market of the first tradeable object in one of the first plurality of locations in the first screen region, the indicator in the first screen region being displayed in relation to the portion of the first value axis and the inside market of the first tradeable object having a highest bid price for the first tradeable object and a lowest ask price for the first tradeable object;

displaying, in a second screen region of the graphical user interface, a portion of a second value axis for a second tradeable object, the second value axis being non-collinear with the first value axis and having a second plurality of locations, each of the second plurality of locations being different than the first plurality of locations and corresponding to a value for buy orders and sell orders for the second tradeable object wherein the second screen region is displayed in relation to the first screen region;

dynamically displaying an indicator relating to an inside market of the second tradeable object in one of the second plurality of locations in the second screen region, the indicator in the second screen region being displayed in relation to the portion of the second value axis, the inside market of the second tradeable object having a highest bid price for the second tradeable object and a lowest ask price for the second tradeable object and the second tradeable object being different than the first tradeable object;

receiving a repositioning command via a user input device associated with the computing device;

in response to the repositioning command, repositioning the first value axis, where the indicator relating to the inside market of the first tradeable object is displayed at a new location in the first screen region determined according to an algorithm for repositioning movement of the first axis; and

in response to repositioning the first value axis, repositioning the second value axis, where the indicator relating to the inside market of the second tradeable object is displayed at a new location in the second screen region determined according to an algorithm for a repositioning relationship between the first value axis and the second value axis, the repositioning relationship defining changes in position of the second value axis relative to changes in position of the first value axis.

2. The method of claim 1, wherein the indicator relating to the inside market of the first tradeable object is associated with a best bid or a best ask of the first tradeable object, and wherein the indicator relating to the inside market of the second tradeable object is associated with a best bid or a best ask of the second tradeable object.

3. The method of claim 1, wherein the indicator relating to the inside market of the first tradeable object is associated with a last traded price of the first tradeable object, and the indicator relating to the inside market of the second tradeable object is associated with a last traded price of the second tradeable object.

4. The method of claim 1, wherein the first value axis comprises a first price-based value axis, and wherein a second price-based value axis comprises a second price-based value axis.

5. The method of claim 1, wherein the first value axis and the second value axis are static value axis.

6. The method of claim 1, wherein the new location in the first screen region and the new location in the second screen region are based on a curve.

7. The method of claim 6, wherein the curve comprises a yield curve.

8. The method of claim 1, wherein the new location in the first screen region is approximately in the center of the first screen region and the new location in the second screen region is approximately in the center of the second screen region.

9. The method of claim 1, further comprising:

selecting with a user input device a location of the first plurality of locations in the first screen region to initiate placement of a trade order to buy or sell the first tradeable object; and

displaying a first working order indicator in the selected location of the first screen region.

10. The method of claim 9, further comprising:

moving the first working order indicator from the location in the first screen region to a location in the second screen region, wherein movement of the first working order indicator to the second screen region initiates placement of a trade order to buy or sell the second tradeable object, and wherein an order quantity of the trade order associated with the second tradeable object is determined based on a predefined algorithm; and

displaying a working order indicator at the location in the second screen region.

11. The method of claim 10, further comprising:

selecting with a user input device a location of the second plurality of locations in the second screen region to initiate placement of a trade order to buy or sell the second tradeable object; and

displaying a second working order indicator in the selected location of the second screen region.

12. The method of claim 11, further comprising:

linking the first order indicator with the second order indicator to create a linked order; and

initiating movement of the linked order to another location using at least the first order indicator and the second order indicator, wherein the movement of the linked order causes a change in at least one order parameter.

13. The method of claim 12, wherein the linked order can be moved to a different screen region associated with at least one tradeable object different than the first tradeable object or the second tradable object.

14. The method of claim 1, further comprising:

selecting with the user input device a location of the first plurality of locations in the first screen region to initiate placement of a first order to buy or sell the first tradeable object and the second tradeable object.

15. The method of claim 1, wherein the graphical user interface comprises one or more windows.

16. A computer readable medium containing program instructions for causing a microprocessor to execute a method for displaying market information of a tradeable object, comprising:

displaying, in a first screen region of a graphical user interface on a display of a computing device having the microprocessor, a portion of a first value axis for a tradeable object, the first value axis having a first plurality of locations, each of the first plurality of locations corresponding to a value for buy and sell orders for the first tradeable object;

dynamically displaying an indicator relating to an inside market of the first tradeable object in one of the first plurality of locations in the first screen region, the indicator in the first screen region being displayed in relation to the portion of the first value axis and the inside market of the first tradeable object having a highest bid price for the first tradeable object and a lowest ask price for the first tradeable object;

displaying, in a second screen region of the graphical user interface, a portion of a second value axis for a second tradeable object, the second value axis being non-collinear with the first value axis and having a second plurality of locations, each of the second plurality of locations being different than the first plurality of locations and corresponding to a value for buy orders and sell orders for the second tradeable object wherein the second screen region is displayed in relation to the first screen region;

dynamically displaying an indicator relating to an inside market of the second tradeable object in one of the second plurality of locations in the second screen region, the indicator in the second screen region being displayed in relation to the portion of the second value axis, the inside market of the second tradeable object having a highest bid price for the second tradeable object and a lowest ask price for the second tradeable object and the second tradeable object being different than the first tradeable object;

receiving a repositioning command via a user input device associated with the computing device;

in response to the repositioning command, repositioning the first value axis, where the indicator relating to the inside market of the first tradeable object is displayed at a new location in the first screen region determined according to an algorithm for repositioning movement of the first axis; and

in response to repositioning the first value axis, repositioning the second value axis, where the indicator relating to the inside market of the second tradeable object is displayed at a new location in the second screen region determined according to an algorithm for a repositioning relationship between the first value axis and the second value axis, the repositioning relationship defining changes in position of the second value axis relative to changes in position of the first value axis.

17. A display apparatus, comprising:

a graphical user interface on a computer comprising two or more screen regions displayed in relation to each other;

a first screen region having a portion of a first value axis for a first tradeable object, the first value axis having a first plurality of locations, wherein each location of the first plurality of locations corresponds to a value for buy orders and sell orders for the first tradeable object;

a first indicator displayed in one of the first plurality of locations in the first screen region in relation to the portion of the first value axis, the first indicator associated with an inside market of the first tradeable object, the inside market of the first tradeable object having a highest bid price for the first tradeable object and a lowest ask price for the first tradeable object;

a second screen region having a portion of a second value axis for a second tradeable object being non-collinear with the first value axis, the second value axis having a second plurality of locations being different that the first plurality of locations, and wherein each location of the second plurality of locations corresponds to a value for buy orders and sell orders for the second tradeable object; and

a second indicator displayed in one of the second plurality of locations in the second screen region in relation to the portion of the second value axis, the second indicator associated with an inside market of the second tradeable object, the inside market of the second tradeable object having a highest bid price for the second tradable object and a lowest ask price for the second tradeable object, the second tradeable object being different than the first tradeable object, where in response to a repositioning command based on an algorithm, the graphical interface includes a repositioned first value axis where the first indicator is displayed in a new first location in the first screen region determined according to an algorithm for repositioning movement of the first axis, and a repositioned second value axis where the second indicator is displayed in a new second location in the second screen region determined according to an algorithm for a repositioning relationship between the first value axis and the second value axis, the repositioning relationship defining changes in position of the second value axis relative to changes in position of the first value axis.

18. The display apparatus of claim 17, wherein the indicator relating to the inside market of the first tradeable object is associated with a best bid or a best ask of the first tradeable object, and wherein the indicator relating to the inside market of the second tradeable object is associated with a best bid or a best ask of the second tradeable object.

19. The display apparatus of claim 17, wherein the indicator relating to the inside market of the first tradeable object is associated with a last traded price of the first tradeable object, and the indicator relating to the inside market of the second tradeable object is associated with a last traded price of the second tradeable object.

20. The display apparatus of claim 17, wherein the first value axis comprises a first price-based value axis, and wherein the second value axis comprises a second price-based value axis.

21. The display apparatus of claim 20, wherein the first price-based value axis and the second price-based value axis comprise static value axis.

22. The display apparatus of claim 17, wherein the new location in the first screen region and the new location in the second screen region are based on a curve.

23. The display apparatus of claim 17, further comprising:

a user input device for selecting a location of the first plurality of locations in the first screen region to initiate placement of a trade order to buy or sell the first tradeable object; and

a first working order indicator displayed in the selected location of the first screen region.

24. The display apparatus of claim 23, further comprising:

a second working order indicator displayed at a location in the second screen region upon detecting a movement of the first working order indicator from the selected location in the first screen region to the location in the second screen region, the second working order indicator associated with a trade order to buy or sell the second tradeable object, wherein an order quantity of the trade order associated with the second working order indicator is determined based on a predefined algorithm.

25. The display apparatus of claim 23, further comprising:

a second working order indicator in a location in the second screen region, the second working order indicator corresponding to a trade order to buy or sell the second tradeable object; and

a linked working order indicator corresponding to a linked order comprising the trade order corresponding to the first tradeable object and the trade order corresponding to the second tradeable object, wherein the linked working order indicator can be moved to another location, and wherein the movement of the linked order indicator causes a change in at least one order parameter.