System and method for managing financial market information

• US 7,801,784 B2
• Filed: 06/07/2005
• Issued: 09/21/2010
• Est. Priority Date: 06/07/2004
• Status: Active Grant

• Current Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Original Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Inventors: Manning, Gregory P., Weinstein, Bernie A., Bandman, Jeffrey M.
• Primary Examiner(s): Kalinowski; Alexander
• Assistant Examiner(s): TINKLER, MURIEL S
• Application Number:
  US11/146,663
• Publication Number:
  US 20050273408A1
• Time in Patent Office: 1,932 Days
• Field of Search: 705/26, 705/34, 705/35, 705/39, 705/76, 705/77, 705/79
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/027 involving a payment switch or gateway
• CPC Class Codes: G06Q 20/085 involving remote charge determination or related payment systems
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/0633 Lists, e.g. purchase orders, compilation or processing
• 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

Abstract

A system and method are provided for managing financial market information. According to certain embodiments, the system includes a computer having a memory, processor, and display. The processor is capable of generating a graphical depiction of the financial market information on the display. The graphical depiction includes a multidimensional representation of a broad range of market information for at least two financial instruments. The graphical depiction resides in a single window on the display.

Claims

1. A method comprising:

receiving, from a remote device, information for a plurality of financial instruments, in which the plurality of financial instruments comprises at least two different types of financial instruments;

displaying, using a processor, the received information as a graph on a single window in a display, in which the graph comprises at least two portions, in which the processor and the remote device are in communication over a network;

using the processor, generating, based on the received information, a first multi-dimensional object that comprises a plurality of steps, in which each step represents a financial instrument;

displaying, using the processor, the first multi-dimensional object in a first portion of the graph;

using the processor, generating, based on the received information, a second multi-dimensional object that comprises a plurality of slabs, in which each slab corresponds to a step of the first multi-dimensional object; and

displaying, using the processor, the second multi-dimensional object in a second portion of the graph.

2. The method of claim 1, in which the first portion depicts trading activities that occur within a single day.

3. The method of claim 1, in which the second portion depicts market conditions for the plurality of financial instruments.

4. The method of claim 3, in which the market conditions comprise market activities that occur in real-time.

5. The method of claim 3, in which the market conditions comprise market activities that may occur in the future.

6. The method of claim 1, in which the graph displays a plurality of increments along a first axis, a plurality of increments along a second axis and a plurality of increments along a third axis, and

in which the first axis, the second axis and the third axis are mutually orthogonal.

7. The method of claim 6, in which the plurality of increments along the first axis depicts at least one of:

a time of day;

a price of a financial instrument;

a type of financial instrument;

a volume of orders at a given price; and

a price direction for a pre-determined number of trades.

8. The method of claim 1, in which each step represents a different financial instrument.

9. The method of claim 1, in which each slab comprises a plurality of vertical bars, in which each vertical bar represents a volume of orders at a price.

10. The method of claim 1, in which the financial instrument comprises one of:

a security, a U.S. treasury, a currency, a fixed-income asset, and an asset that has a value that changes in response to market conditions.

11. The method of claim 1 further comprising:

receiving an indication that a cursor has moved over at least one of the first multi-dimensional object and the second multi-dimensional object; and

displaying additional information on the graph, in response to the indication.

12. The method of claim 11, in which the displayed additional information comprises at least one of:

a type of a financial instrument,

a bid price for the financial instrument,

a volume of an order for the financial instrument; and

a yield for the financial instrument.

13. The method of claim 11, in which the displayed additional information is displayed within a dialog box.

14. An apparatus comprising:

a processor; and

a memory, in which the memory stores instructions which, when executed by the processor, direct the processor to perform the acts of;

receiving, from a remote device, information for a plurality of financial instruments, in which the plurality of financial instruments comprises at least two different types of financial instruments and in which the remote device is in communication with the processor over a network;

displaying the received information as a graph on a single window in a display, in which the graph comprises at least two portions;

generating, based on the received information, a first multi-dimensional object that comprises a plurality of steps, in which each step represents a financial instrument;

displaying the first multi-dimensional object in a first portion of the graph;

generating, based on the received information, a second multi-dimensional object that comprises a plurality of slabs, in which each slab corresponds to a step of the first multi-dimensional object; and

displaying the second multi-dimensional object in a second portion of the graph.

15. The apparatus of claim 14, in which the first portion depicts trading activities that occur within a single day.

16. The apparatus of claim 14, in which the second portion depicts market conditions for the plurality of financial instruments.

17. The apparatus of claim 16, in which the market conditions comprise market activities that occur in real-time.

18. The apparatus of claim 16, in which the market conditions comprise future market activities.

19. The apparatus of claim 14, in which the graph displays a plurality of increments along a first axis, a plurality of increments along a second axis and a plurality of increments along a third axis, and

in which the first axis, the second axis and the third axis are mutually orthogonal.

20. The apparatus of claim 19, in which the plurality of increments along the first axis depicts at least one of:

a time of day;

a price of a financial instrument;

a type of financial instrument;

a volume of orders at a given price; and

a price direction for a pre-determined number of trades.

21. The apparatus of claim 14, in which each step represents a different financial instrument.

22. The apparatus of claim 14, in which each slab comprises a plurality of vertical bars, in which each vertical bar represents a volume of orders at a price.

23. The apparatus of claim 14, in which the financial instrument comprises one of:

a security, a U.S. treasury, a currency, a fixed-income asset, and an asset that has a value that changes in response to market conditions.

24. The apparatus of claim 14, in which the memory stores instructions which, when executed by the processor, direct the processor to perform the acts of:

receiving an indication that a cursor has moved over at least one of the first multi-dimensional object and the second multi-dimensional object; and

displaying additional information on the graph, in response to the indication.

25. The apparatus of claim 24, in which the displayed additional information comprises at least one of:

a type of a financial instrument,

a bid price for the financial instrument,

a volume of an order for the financial instrument; and

a yield for the financial instrument.

26. The apparatus of claim 24, in which the displayed additional information is displayed within a dialog box.

27. An article of manufacture comprising:

a storage medium, in which the storage medium stores instructions which, when executed by a processor, direct the processor to perform the acts of;

—

receiving, from a remote device, information for a plurality of financial instruments, in which the plurality of financial instruments comprises at least two different types of financial instruments and in which the remote device is in communication with the processor over a network;

displaying the received information as a graph on a single window in a display, in which the graph comprises at least two portions;

generating, based on the received information, a first multi-dimensional object that comprises a plurality of steps, in which each step represents a financial instrument;

displaying the first multi-dimensional object in a first portion of the graph;

generating, based on the received information, a second multi-dimensional object that comprises a plurality of slabs, in which each slab corresponds to a step of the first multi-dimensional object; and

displaying the second multi-dimensional object in a second portion of the graph.

28. The article of manufacture of claim 27, in which the first portion depicts trading activities that occur within a single day.

29. The article of manufacture of claim 27, in which the second portion depicts market conditions for the plurality of financial instruments.

30. The article of manufacture of claim 29, in which the market conditions comprise market activities that occur in real-time.

31. The article of manufacture of claim 29, in which the market conditions comprise future market activities.

32. The article of manufacture of claim 27, in which the graph displays a plurality of increments along a first axis, a plurality of increments along a second axis and a plurality of increments along a third axis, and

in which the first axis, the second axis and the third axis are mutually orthogonal.

33. The article of manufacture of claim 32, in which the plurality of increments along the first axis depicts at least one of:

a time of day;

a price of a financial instrument;

a type of financial instrument;

a volume of orders at a given price; and

a price direction for a pre-determined number of trades.

34. The article of manufacture of claim 27, in which each step represents a different financial instrument.

35. The article of manufacture of claim 27, in which each slab comprises a plurality of vertical bars, in which each vertical bar represents a volume of orders at a price.

36. The article of manufacture of claim 27, in which the financial instrument comprises one of:

a security, a U.S. treasury, a currency, a fixed-income asset, and an asset that has a value that changes in response to market conditions.

37. The article of manufacture of claim 27, in which the storage medium stores instructions which, when executed by the processor, direct the processor to perform the acts of:

receiving an indication that a cursor has moved over at least one of the first multi-dimensional object and the second multi-dimensional object; and

displaying additional information on the graph, in response to the indication.

38. The article of manufacture of claim 37, in which the displayed additional information comprises at least one of:

a type of a financial instrument,

a bid price for the financial instrument,

a volume of an order for the financial instrument; and

a yield for the financial instrument.

39. The article of manufacture of claim 37, in which the displayed additional information is displayed within a dialog box.