System and method for changing the view of a trading screen

• US 7,769,671 B2
• Filed: 05/02/2006
• Issued: 08/03/2010
• Est. Priority Date: 02/26/2004
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Triplett, Mark W.
• Primary Examiner(s): Kazimi; Hani
• Assistant Examiner(s): Shrestha; Bijendra K
• Application Number:
  US11/415,967
• Publication Number:
  US 20070106590A1
• Time in Patent Office: 1,554 Days
• Field of Search: 705/37
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• 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 trading screen displays market information, such as working orders, buy and sell orders, and other items of interest, in association with values on a value axis. Each item of interest is therefore displayed in relation to the value axis to provide a trader with an intuitive display of the market. In one embodiment, a user can select a location associated with a particular value on the trading screen and upon an selection, for example, by a click of the mouse button, the value axis is repositioned so that the selected value is moved to a predefined location. During which, market information is moved to new locations that are associated with their respective values on the value axis.

Claims

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

receiving the market information for the tradeable object from an electronic exchange via a computing device, the market information identifying an inside market having a best bid and a best ask for the tradeable object;

displaying, on a display associated with the computing device, the market information according to a first displayable plurality of values of a value axis on the display, where each of the first displayable plurality of values is associated with a value of the tradeable object;

receiving a user command identifying and selecting a location associated with one of the first displayable plurality of values via a user input device associated with the computing device; and

in response to receiving the user command, recentering the value axis to a second displayable plurality of values of the value axis on the display via the computing device, where the identified and selected location is substantially centered on the display.

2. The method of claim 1 further comprising displaying at least one market indicator at an identified value of the value axis.

3. The method of claim 2 further comprising, in response to the user command, repositioning the at least one market indicator from a first position for the identified value of the value axis in the first displayable plurality of values of the value axis to a new position for the identified value of the value axis in the second displayable plurality of values of the value axis.

4. The method of claim 1 where the value axis comprises a static price axis.

5. The method of claim 1 further comprising displaying a best indicator at a bid location associated with the value axis and a best ask indicator at an ask location associated with the value axis, the bid location with respect to the value axis identifying a best bid value and the ask location with respect to the value axis identifying a best ask value.

6. The method of claim 1 where the market information identifies a plurality of open orders for the tradeable object, each having an open order value, the method further comprising:

prior to recentering, displaying an indicator associated with each open order having an open order value within the first displayable plurality of values with respect to the value axis, a location of the indicator with respect to the value axis identifying the open order value for the associated open order.

7. The method of claim 1 where the market information identifies a plurality of open orders for the tradeable object, each having an open order value, the method further comprising:

subsequent to recentering, displaying an indicator associated with each open order having an open order value within the second displayable plurality of values with respect to the value axis, a location of the indicator with respect to the value axis identifying the open order value for the associated open order.

8. The method of claim 1 where the selected location comprises a location of the inside market along the value axis.

9. The method of claim 1 where the market information identifies a plurality of bids each having an associated bid value and a plurality of asks each having an associated ask value, the method further comprising:

displaying the plurality of bids in a bid display region of the display according to the associated bid value and the plurality of asks in an ask display region of the display according to the associated ask value.

10. The method of claim 9 where the bid display region comprises a plurality of bid locations, each bid location associated with a value on the value axis and the ask display region comprises a plurality of ask locations, each ask location associated with a value on the value axis.

11. The method of claim 1 where the method further comprises displaying an order entry region having a plurality of order entry locations for receiving commands to submit an order, each order entry location corresponding to a value on the value axis.

12. The method of claim 11 where the method further comprises sending a trade order for the tradeable object to the electronic exchange in response to receiving a selection of an order entry location via the user input device, the trade order having a set plurality of parameters according to the selection.

13. The method of claim 1 where the user command comprises a single action of the user input device.

14. A method of construing market information for a tradeable object comprising:

displaying a first displayable plurality of values of a value axis in a display region of an output device associated with a client trading device;

displaying a plurality of indicators in the display region, each of the plurality of indicators being associated with an order for the tradeable object at an electronic exchange having an order value within a range values of the first displayable plurality of values and being displayed at a location with respect to the first displayable plurality of values according to the order value of the associated order;

receiving a user command identifying and selecting an identified location of the display region via an input device associated with the client trading device; and

in response to receiving the user command, changing a position of the value axis in the display region to a second displayable plurality of values in the display region via the client trading device, where the selected and identified location is repositioned to a predetermined location of the display region.

15. The method of claim 14 wherein the predetermined location comprises a substantially centered location of the display region.

16. The method of claim 15 where the predetermined location comprises a location for an item of interest.

17. The method of claim 16 wherein the item of interest comprises an inside market for the tradeable object.

18. The method of claim 14 where the value axis comprises a static value axis.

19. The method of claim 14 wherein user command comprises a single action of the input device.

20. A computer readable medium having computer executable instructions stored thereon, which when executed by a computing device cause the computing device to carry out the method comprising:

displaying a first displayable plurality of values of a value axis in a display region of an output device associated with a client trading device;

displaying a plurality of indicators in the display region, each of the plurality of indicators being associated with an order for the tradeable object at an electronic exchange having an order value within a range values of the first displayable plurality of values and being displayed at a location with respect to the first displayable plurality of values according to the order value of the associated order;

receiving a user command identifying and selecting an identified location of the display region via an input device associated with the client trading device; and

in response to receiving the user command, changing a position of the value axis in the display region to a second displayable plurality of values in the display region via the client trading device, where the selected and identified location is repositioned to a predetermined location of the display region.