Method and interface for presenting last traded quantity information

• US 7,979,345 B2
• Filed: 01/28/2010
• Issued: 07/12/2011
• Est. Priority Date: 09/25/2002
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Kemp, Gary Allan, Schluetter, Jens-Uwe, Ebersole, Joan
• Primary Examiner(s): Khattar; Rajesh
• Application Number:
  US12/695,794
• Publication Number:
  US 20100131404A1
• Time in Patent Office: 530 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 assessing a last traded total sweep quantity of a tradeable object, comprising:

an output device; and

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

a first display region for dynamically displaying quantity associated with orders to buy the tradeable object,

a second display region for dynamically displaying quantity associated with orders to sell the tradeable object, and

a third display region for dynamically displaying an estimated last traded total sweep quantity for the tradeable object,

where the estimate of the last traded total sweep quantity is based on a number of trades executed over a plurality of price levels; and

where the first, second and third regions display information relative to a static axis of prices.

2. The trading device of claim 1 where the first, second and third display regions are horizontally disposed.

3. The trading device of claim 1 wherein the first, second and third display regions are vertically disposed.

4. The trading device of claim 1 where the static axis of prices is displayed in a fourth display region.

5. The trading device of claim 4 where the fourth display region is horizontally disposed.

6. The trading device of claim 4 where the fourth display region is vertically disposed.

7. The trading device of claim 1 where the static axis of prices comprises a plurality of price levels.

8. The trading device of claim 7 where the plurality of price levels is derived from market information for the tradeable object received from an electronic exchange.

9. The trading device of claim 8 where the quantity associated with orders to buy the tradeable object, the quantity associated with orders to sell the tradeable object, and the estimated last traded total sweep quantity for the tradeable object, are displayed relative to at least one corresponding price level of the plurality of price levels.

10. A method of displaying market information relating to a tradeable object, the method comprising:

displaying a bid indicator for at least one bid for the tradeable object relative to a static axis of prices via a trading device having a processor;

displaying, via the trading device, an ask indicator for at least one ask for the tradeable object relative to the static axis of prices; and

displaying, via the trading device, a quantity indicator for an estimate of a last traded total sweep quantity relative to the static axis of prices, where the estimate of the last traded total sweep quantity is based on a number of trades executed over a plurality of price levels;

where the bid indicator, the ask indicator and the quantity indicator dynamically change relative to the static axis of prices according to market information received for the tradeable object from an electronic exchange.

11. The method of claim 10, further comprising displaying an order entry region for receiving a user command to initiate submission of an order for the tradeable object.

12. The method of claim 10 where the static axis of prices comprises a plurality of price levels for the tradeable object derived from the market information.

13. The method of claim 10 where the static axis of prices is vertically disposed.

14. The method of claim 10 where the static axis of prices is horizontally disposed.

15. A non-transitory computer readable medium having instructions stored thereon which when executed cause a processor to execute acts comprising:

displaying a bid indicator for at least one bid for a tradeable object relative to a static axis of prices via an output of a trading device;

displaying an ask indicator for at least one ask for the tradeable object relative to the static axis of prices via the output; and

displaying a quantity indicator for an estimate of a last traded total sweep quantity relative to the static axis of prices via the output, where the estimate of the last traded total sweep quantity is based on a number of trades executed over a plurality of price levels;

where the bid indicator, the ask indicator and the quantity indicator dynamically change relative to the static axis of prices according to market information received for the tradeable object from an electronic exchange.

16. The non-transitory computer readable medium of claim 15, where the acts further comprise displaying an order entry region for receiving a user command to initiate submission of an order for the tradeable object.

17. The non-transitory computer readable medium of claim 15 where the static axis of prices comprises a plurality of price levels for the tradeable object derived from the market information.

18. The non-transitory computer readable medium of claim 15 where the static axis of prices is vertically disposed.

19. The non-transitory computer readable medium of claim 15 where the static axis of prices is horizontally disposed.