System and method for risk grid display in an electronic trading environment

• US 7,774,249 B1
• Filed: 05/03/2006
• Issued: 08/10/2010
• Est. Priority Date: 10/07/2003
• 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): Kramer; James A
• Assistant Examiner(s): Norman; Samica L
• Application Number:
  US11/417,532
• Time in Patent Office: 1,560 Days
• Field of Search: 705/37, 705/35, 705/36, 707/103.R, 707/100, 715/738, 715/804
• US Class Current: 705/35
• 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
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A system and method for displaying and controlling risk related information in an electronic trading environment are described. One method includes creating a display interface including a data structure and a display grid. The data structure may be a tree-based data structure with a plurality of data nodes associated with trader-related risk information, where the data in the data nodes is automatically updated based on fill information being received from at least one electronic exchange. Also, the data structure includes the ability to select, manipulate, and group the data nodes based on user preferences. The method further includes selecting data nodes to be mapped to the at least one data grid, and displaying trader-related risk information corresponding to the selected data nodes on the at least one data grid.

Claims

1. A method of displaying risk related information in an electronic trading environment, the method comprising:

receiving by a computing device a selection of a group of traders that buy and sell tradeable objects offered for trade by at least one electronic exchange;

generating by the computing device a display interface comprising a menu tree of a plurality of data nodes that correspond to risk related information for the group of traders, wherein the display interface further comprises a two dimensional display grid, wherein the display grid comprises a plurality of display cells, wherein each of the plurality of data nodes is mapped to a different display cell, wherein the display cells are arranged by a number of rows and a number of columns, wherein each display cell shows trader-related risk information pertaining to the corresponding mapped data node;

displaying by the computing device the menu tree of the plurality of data nodes and the display grid in relation to the menu tree;

receiving by the computing device real time order fill information corresponding to a plurality of buy and sell orders placed by the group of traders from the at least one electronic exchange;

computing by the computing device trader-related risk information for the plurality of data nodes based on the real time order fill information; and

displaying by the computing device the computed trader-related risk information in the display cells of the display grid based on the mapping of the data nodes to the display cells.

2. The method of claim 1, wherein the plurality of data nodes is arranged according to a rank from highest to lowest rank.

3. The method of claim 1, further comprising:

receiving by the computing device a command to add a new data node to the plurality of data nodes, wherein the new data node is mapped to a different display cell than the plurality of data nodes;

computing by the computing device trader-related risk information for the new data node based on the real time order fill information; and

displaying by the computing device the computed trader-related risk information for the new node in a display cell of the display grid based on the mapping of the new data node to the display cell.

4. The method of claim 1, wherein each of the plurality of data nodes comprises a net position.

5. The method of claim 1, wherein the trader-related risk information is displayed using number values.

6. The method of claim 1, wherein the trader-related risk information is displayed using graphical bars.

7. The method of claim 1, further comprising:

detecting by the computing device in response to a command a change within the group of traders indicating that a new data node is needed;

adding by the computing device the new data node to the menu tree in response to detecting the change, wherein the new data node is mapped to a different display cell than the plurality of data nodes; and

displaying by the computing device the trader-related risk information corresponding to the new data node in a display cell of the display grid based on the mapping of the new data node to the display cell.

8. The method of claim 1, further comprising:

detecting by the computing device in response to a command a change within the group of traders indicating that a data node is no longer needed;

removing by the computing device the unneeded data node from the menu tree in response to detecting the change; and

removing by the computing device the display cell of the display grid to which the unneeded data node is mapped.

9. The method of claim 1, further comprising:

receiving by the computing device a command from a user input device to select a data node in the menu tree and move the selected data node to a new location in the menu tree;

updating the mapping of the data nodes to the display cells based on the new location of the selected data node in the menu tree; and

displaying by the computing device the computed trader-related risk information in the display cells of the display grid based on the updated mapping of the data nodes to the display cells.

10. The method of claim 9, wherein the command is a drag-and-drop command.

11. The method of claim 2, wherein a data node of a first highest rank is associated with an account, wherein a data node of a second highest rank is associated with a trader who is trading on the account, and wherein a data node of a third highest rank is associated with a tradeable object being traded by the trader on the account.

12. The method of claim 2, wherein a data node of a first highest rank is associated with an electronic exchange, wherein a data node of a second highest rank is associated with a trader who is trading at the electronic exchange, wherein a data node of a third highest rank is associated with an account for which the trader is trading on at the electronic exchange, and wherein a data node of a fourth highest rank is associated with a tradeable object being traded by the trader on the account at the electronic exchange.

13. The method of claim 2, wherein each of the plurality of data nodes comprises a particular value, and wherein a data node of a highest rank comprises a summation of the particular value for each data node under the data node of the highest rank.

14. The method of claim 13, wherein the particular value is a profit and loss value.