System and method for processing and displaying quantity information during user-configurable time periods

• US 7,917,426 B1
• Filed: 12/01/2008
• Issued: 03/29/2011
• Est. Priority Date: 02/28/2003
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: West, Robert A., Burns, Michael J., Singer, Scott F., Schwarz, Stephen A.
• Primary Examiner(s): Kramer; James A
• Assistant Examiner(s): LEMIEUX, JESSICA
• Application Number:
  US12/325,427
• Time in Patent Office: 848 Days
• Field of Search: 705/37
• US Class Current: 705/37
• 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 displaying quantity related information determined for a plurality of time periods are described. According to one method, a trader may define one or more time periods for which a trading application may determine traded quantities, traded buys, traded sells, or other quantity related information at a plurality of price levels during the defined time periods. The trading application may then graphically display the quantities for each time period in relation to the static axis of prices. The method further includes periodically updating the displayed traded quantity to reflect the quantity during the defined time period, where the quantity is updated based on subsequent market updates that are received from the exchange for the tradable object.

Claims

1. A method for processing and displaying data for use in electronic trading, the method comprising:

displaying an indicator associated with a total traded quantity in relation to a price level of a plurality of price levels at which a tradeable object is traded at an electronic exchange, wherein the total traded quantity is determined at the price level for a first time period defined between a predefined start time and a current time, wherein the total traded quantity is determined using market updates being received from the electronic exchange;

dynamically determining by a computing device a traded quantity for a second time period at the price level using market updates being received from the electronic exchange, wherein the second time period is associated with a moving time window corresponding to a predetermined number of time units of the first time period;

subdividing the indicator to graphically represent a portion of the total traded quantity that corresponds to the traded quantity during the second time period;

dynamically updating the indicator to reflect the total traded quantity during the first time period; and

dynamically updating the indicator to reflect the traded quantity during the second time period.

2. The method of claim 1, further comprising:

dynamically displaying via the computing device the plurality of price levels positioned along a price axis, wherein the indicator is displayed in alignment with the price level along the price axis.

3. The method of claim 1, further comprising:

receiving an input via a user input device that is used to determine at least one of the first time period and the second time period.

4. The method of claim 1, further comprising:

receiving an input via a user input device that resets a start for at least one of the first and second time periods.

5. The method of claim 1, further comprising:

dynamically determining via the computing device a quantity of sell trades that were executed over the first and second time periods at the price level;

dynamically determining via the computing device a quantity of buy trades that were executed over the first and second time periods at the price level; and

dynamically displaying via the computing device using the indicator the quantity of sell trades, the quantity of buy trades, or the quantity of buy and sell trades for at least one of the first and second time periods.

6. The method of claim 5, wherein a sell trade represents a last trade occurring on a best bid price and a buy trade represents a last trade occurring on a best ask price.

7. The method of claim 5, wherein the quantity of sell trades and the quantity of buy trades are displayed separately.

8. The method of claim 5, wherein the quantity of sell trades and the quantity of buy trades are displayed together with the quantity of sell trades being displayed using a first graphical format and the quantity of buy trades being displayed using a second graphical format.

9. The method of claim 1, further comprising:

dynamically displaying a line that divides the indicator to distinguish the total traded quantity during the first time period in relation to the traded quantity during the second time period.

10. The method of claim 1, wherein the computing device comprises one or more computing devices, and wherein each of the one or more computing devices is positioned at one or more locations on a computer network.

11. The method of claim 1, further comprising:

color-coding a portion of the indicator to graphically represent the portion of the total traded quantity that corresponds to the traded quantity during the second time period.

12. The method of claim 1, further comprising:

using a graphical pattern in relation to the indicator to graphically represent the portion of the total traded quantity that corresponds to the traded quantity during the second time period.

13. The method of claim 1, wherein the predefined start time is a starting time of a trading session.

14. The method of claim 1, wherein the second time period comprises the current time of the first time period.

15. A computer readable medium having instructions for causing a computer to execute a method comprising:

displaying an indicator associated with a total traded quantity in relation to a price level of a plurality of price levels at which a tradeable object is traded at an electronic exchange, wherein the total traded quantity is determined at the price level for a first time period defined between a predefined start time and a current time, wherein the total traded quantity is determined using market updates being received from the electronic exchange;

dynamically determining by a computing device a traded quantity for a second time period at the price level using market updates being received from the electronic exchange, wherein the second time period is associated with a moving time window corresponding to a predetermined number of time units of the first time period;

subdividing the indicator to graphically represent a portion of the total traded quantity that corresponds to the traded quantity during the second time period;

dynamically updating the indicator to reflect the total traded quantity during the first time period; and

dynamically updating the indicator to reflect the traded quantity during the second time period.

16. The computer readable medium of claim 15, further comprising:

dynamically displaying via the computing device the plurality of price levels positioned along a price axis, wherein the indicator is displayed in alignment with the price level along the price axis.

17. The computer readable medium of claim 15, further comprising:

receiving an input via a user input device that is used to determine at least one of the first time period and the second time period.

18. The computer readable medium of claim 15, further comprising:

receiving an input via a user input device that resets a start for at least one of the first and second time periods.

19. The computer readable medium of claim 15, further comprising:

dynamically determining via the computing device a quantity of sell trades that were executed over the first and second time periods at the price level;

dynamically determining via the computing device a quantity of buy trades that were executed over the first and second time periods at the price level; and

dynamically displaying via the computing device using the indicator the quantity of sell trades, the quantity of buy trades, or the quantity of buy and sell trades for at least one of the first and second time periods.

20. The computer readable medium of claim 19, wherein a sell trade represents a last trade occurring on a best bid price and a buy trade represents a last trade occurring on a best ask price.

21. The computer readable medium of claim 19, wherein the quantity of sell trades and the quantity of buy trades are displayed separately.

22. The computer readable medium of claim 19, wherein the quantity of sell trades and the quantity of buy trades are displayed together with the quantity of sell trades being displayed using a first graphical format and the quantity of buy trades being displayed using a second graphical format.

23. The computer readable medium of claim 15, further comprising:

dynamically displaying a line that divides the indicator to distinguish the total traded quantity during the first time period in relation to the traded quantity during the second time period.

24. The computer readable medium of claim 15, further comprising:

color-coding a portion of the indicator to graphically represent the portion of the total traded quantity that corresponds to the traded quantity during the second time period.

25. The computer readable medium of claim 15, further comprising:

using a graphical pattern in relation to the indicator to graphically represent the portion of the total traded quantity that corresponds to the traded quantity during the second time period.

26. The computer readable medium of claim 15, wherein the predefined start time is a starting time of a trading session.

27. The computer readable medium of claim 15, wherein the second time period comprises the current time of the first time period.