Method and interface for historical display of market information

• US 8,036,977 B1
• Filed: 05/02/2006
• Issued: 10/11/2011
• Est. Priority Date: 11/26/2002
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Mintz, Sagy, Andrews, Ryan, Schluetter, Jens-Uwe, Singer, Scott
• Primary Examiner(s): Kazimi; Hani M
• Assistant Examiner(s): GRAHAM, CLEMENT B
• Application Number:
  US11/415,979
• Time in Patent Office: 1,988 Days
• Field of Search: 705 35- 38
• US Class Current: 705/37
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• 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
• CPC Class Codes: H04W 72/0453 Resources in frequency domain, e.g. a carrier in FDMA
• CPC Class Codes: H04W 72/51 based on terminal or device properties
• CPC Class Codes: H04W 88/02 Terminal devices

Abstract

Trading software may receive information from an exchange. The trading software may track historical bid and ask information for a tradeable object. The trading software may display historical market depth information for the tradeable object on a trading screen.

Claims

1. A method for displaying market information using a graphical user interface, the method comprising:

receiving, via a processor of a client device, market information from an electronic exchange for a tradeable object, the market information identifying a plurality of bid orders available for the tradeable object during a current time and a plurality of ask orders available for the tradeable object during the current time, each of the plurality of bid orders having a bid quantity at a bid price and each of the plurality of ask orders having an ask quantity at an ask price;

displaying an axis of prices via an electronic display associated with the client device, the axis of prices having a plurality of price levels each associated with a price for the tradeable object;

displaying a bid indicator along the axis of prices via the electronic display, the bid indicator being associated with at least one of the plurality of bid orders available for the tradeable object during the current time according to the market information and being displayed at one of the plurality of price levels corresponding to the bid price of the bid order associated with the bid indicator;

displaying an ask indicator along the axis of prices via the electronic display, the ask indicator being associated with at least one of the plurality of ask orders available for the tradeable object during the current time according to the market information and being displayed at one of the plurality of price levels corresponding to the ask price of the ask order associated with the ask indicator;

displaying, via the electronic display, a total bid indicator along at least one of the plurality of price levels corresponding to the bid price of the bid order associated with the bid indicator, the total bid indicator identifying a total bid quantity available at the at least one of the plurality of price levels corresponding to the bid price of the bid order associated with the bid indicator during a prior time period, the total bid quantity being determined according to the market information received during the prior time period; and

displaying, via the electronic display, a total ask indicator along at the least one of the plurality of price levels corresponding to the ask price of the ask order associated with the ask indicator, the total ask indicator identifying a total ask quantity available at the at least one of the plurality of price levels corresponding to the ask price of the ask order associated with the ask indicator during the prior time period, the total ask quantity determined according to the market information received during the prior time period.

2. The method of claim 1 further comprising:

displaying a plurality of bid indicators in a bid order region aligned with the axis of prices; and

displaying a plurality of ask indicators in an ask order region aligned with the axis of prices.

3. The method of claim 1 where the total bid indicator is displayed in a prior bid region aligned with the axis of prices, and where the total ask indicator is displayed in a prior ask region aligned with the axis of prices.

4. The method of claim 1, further comprising;

displaying a plurality of prior bid regions aligned with the axis of prices, each of the plurality of prior bid regions being associated with one of a plurality of prior time periods and having a plurality of total bid locations each corresponding to one of the price levels of the axis of prices; and

displaying a plurality of total bid indicators along at least one of the plurality of total bid locations, each of the plurality of total bid indicators representing a total bid quantity available at the price level corresponding to the at least one of the plurality of total bid locations during the associated one of the plurality of time periods.

5. The method of claim 4 where a total bid indicator for at least one of the plurality of bid regions further identifies the total bid quantity available at the price level corresponding to the at least one of the plurality of total bid locations during the associated one of the plurality of time periods and during a prior time period associated with another of the plurality of prior time periods.

6. The method of claim 4 where a number of the plurality of prior bid regions is variable.

7. The method of claim 4, further comprising:

displaying a plurality of prior ask regions aligned with the axis of prices, each of the plurality of prior ask regions being associated with one of a plurality of prior time periods and having a plurality of total ask locations each corresponding to one of the price levels of the axis of prices; and

displaying a plurality of total ask indicators along at least one of the plurality of total ask locations, each of the plurality of total ask indicators representing a total ask quantity available at the price level corresponding to the at least one of the plurality of total bid locations during the associated one of the plurality of time periods.

8. The method of claim 7 where a total ask indicator for at least one of the plurality of ask regions further identifies the total ask quantity available at the price level corresponding to the at least one of the plurality of total ask locations during the associated one of the plurality of time periods and during a prior time period associated with another of the plurality of prior time periods.

9. The method of claim 7 where a number of the plurality of prior ask regions is variable.

10. The method of claim 1 where an amount of time of the prior time period is user-configurable.

11. The method of claim 1, further comprising:

receiving a user command via a user input device to select and place an icon in one of a plurality of order entry locations of an order entry region aligned with an associated one of the plurality of price levels of the price axis; and

in response to receiving the user command, submitting an order to the electronic exchange, the order having a price corresponding to the associated one of the plurality of price levels.

12. A method of displaying market depth information for a tradeable object using a graphical user interface, the method comprising:

receiving market information for a tradeable object from an electronic exchange via a client device, the market information identifying orders available for the tradeable object during a current time;

displaying a price axis including a plurality of price levels for the tradeable object via an electronic display associated with the client device;

dynamically displaying order indicators in an order region aligned with the price axis via the electronic display, each order indicator being associated with at least one of the orders available for the tradeable object during the current time and being displayed at one of the plurality of price levels corresponding to a price for the at least one order associated with an order indicator; and

dynamically displaying, via the electronic display, a total quantity indicator at each price level at which an order indicator is displayed during a prior time period for each of a plurality of prior time periods, the total quantity indicator representing a total order quantity available for the tradeable object at the price level during the prior time period according to the market information.

13. The method of claim 12, further comprising:

receiving a user command for selecting and placing an icon in one of a plurality of order entry locations of an order entry region aligned with an associated one of the plurality of price levels of the price axis; and

in response to receiving the user command, submitting an order to the electronic exchange, the order having a price corresponding to the associated one of the plurality of price levels.

14. The method of claim 13 where the user command establishes an order quantity.

15. The method of claim 12 where the order region comprises a current bid order region aligned with the price axis and a current ask order region aligned with the price axis, current bid indicators for the current bid orders being displayed in the current bid order region according to the market information and current ask indicators for the current ask orders being displayed in the current ask order region according to the market information.

16. The method of claim 12, further comprising displaying the total quantity indicator at each price level at which an order indicator is displayed during the prior time period for each of a plurality of prior time periods in a prior order region.

17. The method of claim 16, where the prior order region comprises:

a plurality of prior bid order regions, each aligned with the price axis and being associated with one of the plurality of prior time periods, prior bid indicators for prior bid orders being displayed in an associated one of the plurality of prior bid order regions according to the associated one of the plurality of prior time periods for the prior bid order region; and

a plurality of prior ask order regions, each aligned with the axis of prices and being associated with one of the plurality of prior time periods, prior ask indicators for prior ask orders being displayed in an associated one of the plurality of prior ask order regions according to the associated one of the plurality of prior time periods for the prior ask order region.

18. A non-transitory computer readable medium having instructions stored therein that when executed by a processor, causes the processor to execute a method for displaying market information comprising:

receiving market information from an electronic exchange for a tradeable object, the market information identifying a plurality of bid orders available for the tradeable object during a current time and a plurality of ask orders available for the tradeable object during the current time, each of the plurality of bid orders having a bid quantity at a bid price and each of the plurality of ask orders having an ask quantity at an ask price;

displaying an axis of prices, the axis of prices having a plurality of price levels each associated with a price for the tradeable object;

displaying a bid indicator along the axis of prices, the bid indicator being associated with at least one of the plurality of bid orders available for the tradeable object during the current time according to the market information and being displayed at one of the plurality of price levels corresponding to the bid price of the bid order associated with the bid indicator;

displaying an ask indicator along the axis of prices, the ask indicator being associated with at least one of the plurality of ask orders available for the tradeable object during the current time according to the market information and being displayed at one of the plurality of price levels corresponding to the ask price of the ask order associated with the ask indicator;

displaying a total bid indicator along at least one of the plurality of price levels corresponding to the bid price of the bid order associated with the bid indicator, the total bid indicator identifying a total bid quantity available at the at least one of the plurality of price levels corresponding to the bid price of the bid order associated with the bid indicator during a prior time period, the total bid quantity being determined according to the market information received during the prior time period; and

displaying a total ask indicator along at least one of the plurality of price levels corresponding to the ask price of the ask order associated with the ask indicator, the total ask indicator identifying a total ask quantity available at the at least one of the plurality of price levels corresponding to the ask price of the ask order associated with the ask indicator during the prior time period, the total ask quantity determined according to the market information received during the prior time period.

19. The non-transitory computer readable medium of claim 18, further comprising:

receiving a user command to select and place an icon in one of a plurality of order entry locations of an order entry region aligned with an associated one of the plurality of price levels of the price axis; and

in response to receiving the user command, submitting an order to the electronic exchange, the order having a price corresponding to the associated one of the plurality of price levels.

20. The non-transitory computer readable medium of claim 19 where the user command establishes an order quantity.