System and method for price-based annotations in an electronic trading environment

• US 7,835,981 B2
• Filed: 12/23/2009
• Issued: 11/16/2010
• Est. Priority Date: 09/30/2002
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: West, Robert A., Ziemkiewicz, Peter F., Highland, Ryan J.
• Primary Examiner(s): Kalinowski; Alexander
• Assistant Examiner(s): Kanervo; Virpi H
• Application Number:
  US12/645,739
• Publication Number:
  US 20100100504A1
• Time in Patent Office: 328 Days
• Field of Search: None
• US Class Current: 705/37
• CPC Class Codes: G06Q 10/04 Forecasting or optimisation specially adapted for administrative or management purposes, e.g. linear programming or "cutting stock problem" market predictions or forecasting for commercial activities G06Q30/0202
• 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 system and method for generating and displaying annotations in relation to one or more prices corresponding to trader-related or market related events are described. In one embodiment, a trader may enter an annotation to be displayed in relation to one or more price levels. Alternatively, a trader may configure a dynamic annotation to be dynamically displayed in relation to some price level(s) upon detecting a predetermined event related to one or more tradeable objects. Also, a trader may configure one or more alarms to be displayed or played in combination with the annotations.

Claims

1. A system for displaying price-based annotations in an electronic trading environment, the system including:

a client device adapted to display a price axis, wherein the price axis includes a plurality of price levels for a tradeable object, the client device adapted to display market data related to the tradeable object, wherein the market data is displayed along the price axis, wherein the market data includes bid and ask quantities for the tradeable object, the client device adapted to display a plurality of order entry regions, wherein each order entry region corresponds to a price level of the plurality of price levels, where each order entry region is adapted to receive a command to place an order for the tradeable object at the corresponding price level, the client device adapted to receive a definition for an annotation, wherein the definition includes an annotation price level and annotation information, wherein the definition is specified by a user, wherein the annotation price level includes at least one price level for the tradeable object, the client device adapted to process the definition to determine that at least one of the price levels of the annotation price level is within the plurality of price levels of the price axis, and the client device adapted to display the annotation by displaying the annotation information along the price axis at the at least one of the price levels of the annotation price level determined to be within the plurality of price levels of the price axis.

2. The system of claim 1, wherein the definition includes an event associated with the tradeable object.

3. The system of claim 2, wherein the event comprises a market event.

4. The system of claim 3, wherein the market event is associated with historical data.

5. The system of claim 2, wherein the client device is adapted to detect an occurrence of the event at a second price level, and wherein the client device is adapted to dynamically update the display of the annotation to display the annotation information along the price axis at the second price level.

6. The system of claim 2, wherein the client device is adapted to detect an occurrence of the event at a second price level, and wherein the client device is adapted to display the annotation by also displaying the annotation information at the second price level.

7. The system of claim 1, wherein the annotation information includes a graphical indicator.

8. The system of claim 7, wherein the graphical indicator further includes a text message corresponding to an event.

9. The system of claim 1, wherein the annotation price level is determined based on a second tradeable object.

10. The system of claim 1, wherein the client device is adapted to display a working order indicator, wherein the working order indicator corresponds to an order placed by the user for the tradeable object at an order entry region, wherein the working order indicator is displayed along the price axis at the corresponding price level.

11. The system of claim 1, wherein the client device is adapted to display a consolidated price interface, wherein the consolidated price interface represents a second plurality of price levels, wherein the second plurality of price levels is not within the plurality of price levels of the price axis, wherein a second annotation price level for a second annotation is within the second plurality of price levels, and wherein the client device is adapted to display second annotation information for the second annotation along the consolidated price interface at a location corresponding to the second annotation price level.