Method and interface for presenting last traded quantity information

• US 7,974,915 B2
• Filed: 01/28/2010
• Issued: 07/05/2011
• Est. Priority Date: 09/25/2002
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Schluetter, Jens-Uwe, Ebersole, Joan, Kemp, Gary Allan
• Primary Examiner(s): Khattar; Rajesh
• Application Number:
  US12/695,825
• Publication Number:
  US 20100131405A1
• Time in Patent Office: 523 Days
• Field of Search: 705 35- 45
• 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

Abstract

Trading software may receive trading information from an exchange. The trading software may use the trading information to compute an estimate of last traded total sweep quantity. The trading software may also display the last traded total sweep quantity on a trading screen.

Claims

1. A trading device for arranging information related to a tradeable object traded in an electronic trading environment, comprising:

an output device configured to display information related to a tradeable object; and

a processor communicatively coupled with the output device and configured to cause the output device to display at least;

a price axis region having a plurality of price levels for the tradeable object derived from market information received from an electronic exchange at which the tradeable object is traded, and

a quantity indicator region for a last traded sweep quantity relative to at least one price level of the price axis region, the last traded total sweep quantity being based on a number of trades executed in a market sweep over a number of price levels, the number of price levels being at least a subset of the plurality of price levels.

2. The trading device of claim 1 where the processor is further configured to cause the output device to display an order region for bids and asks for the tradeable object relative to the plurality of price levels of the price axis region.

3. The trading device of claim 2 where the bids and asks are displayed as indicators relative to the price axis region.

4. The trading device of claim 3 where each indicator represents a quantity of the tradeable object available at an associated price level of the price axis region.

5. The trading device of claim 4 where a position for each indicator relative to price axis region is changeable in response to changes in market information for the tradeable object.

6. The trading device of claim 2 where the order region comprises an ask display region and a bid display region, and where indicators associated with asks are displayed in the ask display region and indicators associated with bids are displayed in the bid display region.

7. The trading device of claim 6 where the ask display region and bid display region comprise a plurality of locations each corresponding to a price level.

8. A trading device for arranging and displaying market information for a tradeable object, comprising:

a market data receiver configured to receive financial market data identifying pending orders for a tradeable object;

a processor communicatively coupled to the market data receiver and configured to derive a last traded total sweep quantity value from the financial market data, the last traded total sweep quantity corresponding to a number of trades executed over a set of the price levels for the tradeable object; and

an output device communicatively coupled to the processor and configured to display the last traded total sweep quantity value on a screen.

9. The trading device of claim 8 where the output device is further configured to display the last traded total sweep quantity value as an indicator in a location relative to a price axis.

10. The trading device of claim 9 where the price axis comprises a plurality of price levels derived from the financial market data identifying pending orders for a tradeable object.

11. The trading device of claim 10 where the output device is further configured to display an order region having a plurality of open bids and open asks for the tradeable object, each of the plurality of open bids and open asks being displayed relative to an associated at least one of the plurality of price levels of the price axis.

12. The trading device of claim 11 where each of the open bids and open asks being displayed relative to the associated at least one of the plurality of price levels identifies an available quantity of the tradeable object at the associated price level.

13. A method for arranging information related to a tradeable object traded in an electronic trading environment, comprising:

displaying information for a tradeable object derived from market information received from an electronic exchange at which the tradeable object is traded via an output device associated with a trading device, the information being displayed along a price axis region having a plurality of price levels for the tradeable object, and

determining a last traded total sweep quantity based on a number of trades executed in a market sweep over a number of price levels, the number of price levels being at least a subset of the plurality of price levels via the trading device; and

displaying a quantity indicator region for a last traded sweep quantity relative to at least one price level of the plurality of price levels via the output device.

14. The method of claim 13 further comprising displaying an order region for bids and asks for the tradeable object relative to the plurality of price levels of the price axis region via the output device.

15. The method of claim 14 where the bids and asks are displayed as indicators relative to the price axis region.

16. The method of claim 15 where each indicator represents a quantity of the tradeable object available at an associated price level of the price axis region.

17. The method of claim 16 where a position for each indicator relative to price axis region is changeable in response to changes in market information for the tradeable object.

18. The method of claim 14 where the order region comprises an ask display region and a bid display region, the method further comprising:

displaying indicators associated with asks in the ask display region; and

displaying indicators associated with bids are displayed in the bid display region.

19. The method of claim 18 where the ask display region and bid display region comprise a plurality of locations each corresponding to a price level.