System and method for displaying highest and lowest traded prices of tradable objects

• US 7,813,994 B1
• Filed: 09/30/2002
• Issued: 10/12/2010
• Est. Priority Date: 09/30/2002
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Singer, Scott, Kemp, Gary Allan II, Ebersole, Joan
• Primary Examiner(s): Havan; Thu-Thao
• Assistant Examiner(s): Liu; Chia-Yi
• Application Number:
  US10/260,643
• Time in Patent Office: 2,934 Days
• Field of Search: 705/36.R, 705 37- 41
• 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
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A client terminal displays on a graphical interface a first indicator of a price associated with a lowest traded price of a tradable object during a predetermined period of time, a second indicator of a price associated with a highest traded price of the tradable object during the predetermined period of time, along with at least one quantity indicator associated with at least one order to buy/order the tradable object. The first indicator, the second indicator, and the at least one quantity indicator are displayed in relation to a static axis of price, and the client terminal dynamically updates the first and second indicator to new lowest and highest traded prices based on market updates received from an exchange.

Claims

1. A method of displaying market information relating to a tradable object, the method comprising:

displaying a static axis of prices having a range of price levels along the static axis of prices, each price level associated with a price of a tradable object, the static axis of prices being displayed via a display associated with a computing device;

displaying a first indicator at a first price level of the static axis of prices associated with a highest bid price corresponding to the tradable object via the display;

displaying a second indicator at a second price level of the static axis of prices associated with a lowest ask price corresponding to the tradable object via the display;

in response to receiving a new highest bid price for the tradable object, moving the first indicator to a new first price level corresponding to the new highest bid price via the display;

in response to receiving a new lowest ask price for the tradable object, moving the second indicator to a new second price level corresponding to the new lowest ask price via the display;

displaying a column indicator via the display, the column indicator being displayed at a range of price levels of the static axis of prices from a lowest traded price of the tradable object during a predetermined period of time to a highest traded price of the tradable object during the predetermined period of time, the column indicator occupying at least a portion of each cell in the range of price levels;

in response to receiving a new last traded price during the predetermined period of time, determining whether the new last traded price is a new lowest traded price or a new highest traded price for the tradable object during the predetermined period of time via the computing device;

in response to determining the new lowest traded price during the predetermined period of time, displaying the column indicator via the display to occupy at least a portion of each cell in a new range of price levels of the static axis of prices from the new lowest traded price to the highest traded price of the tradable object during the predetermined period of time; and

in response to determining the new highest traded price during the predetermined period of time, displaying the column indicator via the display to occupy at least a portion of each cell in a new range of price levels of the static axis of prices from the new highest traded price to the lowest traded price of the tradable object during the predetermined period of time.

2. The method of claim 1, wherein the predetermined period of time comprises a trading day.

3. The method of claim 1, wherein the predetermined period of time is configurable by a user.

4. The method of claim 1, further comprising:

receiving a market update relating to the tradable object;

updating the column indicator based on the market update.

5. The method of claim 4, wherein updating is performed when the market update related to the highest traded price is received.

6. The method of claim 4, wherein updating is performed when the market update related to the lowest traded price is received.

7. The method of claim 4, further comprising:

playing an audio indicator when the market update related to the highest traded price is received.

8. The method of claim 4, further comprising:

playing an audio indicator when the market update related to the lowest traded price is received.

9. The method of claim 1, wherein the column indicator comprises a color shading of each cell in the range of price levels of the static axis of prices.

10. The method of claim 1, wherein the column indicator comprises a graphical indicator.

11. The method of claim 1, further comprising displaying a third indicator at a third price level of the static axis of prices associated with the lowest traded price of the tradable object during the predetermined period of time and a fourth indicator at a fourth price level of the static axis of prices associated with a highest traded price of the tradable object during the predetermined period of time.

12. The method of claim 1, wherein each of the first and second indicators comprises a number.

13. A computer readable medium having program code recorded thereon for execution by a processor to perform a method of displaying, on a graphical display of market information related to a tradable object, the method comprising:

displaying a static axis of prices having a range of price levels along the static axis of prices, each price level associated with a price of a tradable object, the static axis of prices being displayed via the graphical display associated with the processor;

displaying, on the graphical display, a first indicator at a first price level of the static axis of prices associated with a highest bid price corresponding to the tradable object;

displaying, on the graphical display, a second indicator at a second price level of the static axis of prices associated with a lowest ask price corresponding to the tradable object;

in response to receiving a new highest bid price for the tradable object, moving the first indicator to a new first price level corresponding to the new highest bid price;

in response to receiving a new lowest ask price for the tradable object, moving the second indicator to a new second price level corresponding to the new lowest ask price;

displaying, on the graphical display, a column indicator at a range of price levels of the static axis of prices from a lowest traded price of the tradable object during a predetermined period of time to a highest traded price of the tradable object during the predetermined period of time, the column indicator occupying at least a portion of each cell in the range of price levels of the static axis of prices;

in response to receiving a new last traded price during the predetermined period of time, determining whether the new last traded price is a new lowest traded price or a new highest traded price for the tradable object during the predetermined period of time;

in response to determining the new lowest traded price during the predetermined period of time, displaying the column indicator to occupy at least a portion of each cell in a new range of price levels of the static axis of prices from the new lowest traded price to the highest traded price of the tradable object during the predetermined period of time; and

in response to determining the new highest traded price during the predetermined period of time, displaying the column indicator to occupy at least a portion of each cell in a new range of price levels of the static axis of prices from the new highest traded price to the lowest traded price of the tradable object during the predetermined period of time.

14. A processing device for displaying market information comprising:

a processing device configured to execute code including instructions to display a graphical user interface having;

a static axis of prices having a range of price levels along the static axis of prices, each price level associated with a price of a tradable object;

a first quantity indicator displayed at a first price level of the static axis of prices-associated with a highest bid price corresponding to the tradable object;

a second quantity indicator displayed at a second price level of the static axis of prices associated with a lowest ask price corresponding to the tradable object;

wherein upon receipt of a new highest bid price or a new lowest ask price for the tradable object, the first quantity indicator moves to a new first price level corresponding to the new highest bid price, or the second quantity indicator moves to a second price level corresponding to the new lowest ask price;

a column indicator displayed at a range of price levels of the static axis of prices from a lowest traded price of the tradable object during a predetermined period of time to a highest traded price of the tradable object during the predetermined period of time, the column indicator occupying at least a portion of each cell in the range of price levels of the static axis of prices;

wherein upon determining a new lowest price based on market updates received during the predetermined period of time, the column indicator moves to and occupies at least a portion of each cell in a new range of price levels of the static axis of prices between the new lowest traded price and the highest traded price during the predetermined period of time; and

wherein upon determining a new highest traded price based on market updates received during the predetermined period of time, the column indicator moves to and occupies at least a portion of each cell in a new range of price levels of the static axis of prices between the new highest traded price and the lowest traded price during the predetermined period of time.