Method and interface for historical display of market information

• US 8,041,623 B1
• Filed: 11/26/2002
• Issued: 10/18/2011
• Est. Priority Date: 11/26/2002
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Schluetter, Jens-Uwe, Singer, Scott, Mintz, Sagy, Andrews, Ryan
• Primary Examiner(s): Kazimi; Hani M.
• Assistant Examiner(s): Graham; Clement
• Application Number:
  US10/305,308
• Time in Patent Office: 3,248 Days
• Field of Search: 705/34, 705 35- 38, 705/39
• 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, at a processor of a client device, market data from an electronic exchange, the market data identifying orders available for a tradeable object at the electronic exchange, each order having a quantity at a price level;

displaying, via the client device, a graphical user interface on an electronic display device;

displaying, via the client device, a static axis of prices on the graphical user interface, the static axis of prices including a plurality of price levels along the static axis of prices;

displaying current order indicators along the static axis of prices via the client device, each displayed current order indicator being associated with an order available to buy or sell the tradeable object during a current time period according to the market data received during the current time period and being displayed at a price level of the static axis of prices corresponding to the price level of the order, where the current order indicators are displayed in a current order region aligned with the static axis of prices; and

displaying prior order indicators along the static axis of prices via the client device, each displayed prior order indicator being associated with at least one order previously available to buy or sell the tradeable object during a prior time period according to market data received during the prior time period and being displayed at a price level of the static axis of prices corresponding to the price level of the order, where the prior order indicators are displayed in a prior order region aligned with the static axis of prices.

2. The method of claim 1, where the market data comprises current ask orders and current bid orders.

3. The method of claim 2, where the current order region comprises a current bid order region aligned with the static axis of prices and a current ask order region aligned with the static axis of prices, current order indicators for current bid orders being displayed in the current bid order region and current order indicators for current ask orders being displayed in the current ask order region.

4. The method of claim 3, where the current order indicators represent an available quantity of the tradable object.

5. The method of claim 2, where the prior order region comprises a prior bid order region aligned with the static axis of prices and a prior ask order region aligned with the static axis of prices, prior order indicators associated with prior bid orders received during the prior time period according to the market data being displayed in the prior bid order region and prior order indicators for prior ask orders received during the prior time period according to the market data being displayed in the prior ask order region.

6. The method of claim 5, where the prior order indicators represent an available quantity of the tradable object.

7. The method of claim 5, where the prior order region comprises a plurality of prior bid order regions, each aligned with the static axis of prices and being associated with one of a plurality of prior time periods, prior order 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 when the order associated with the prior order indicator was available.

8. The method of claim 7, where the prior order region comprises a plurality of prior ask order regions, each aligned with the static axis of prices and being associated with one of the plurality of prior time periods, prior order 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 and when the order associated with the prior order indicator was available.

9. The method of claim 8, where the prior order indicators represent an available quantity of the tradeable object.

10. The method of claim 9, wherein the current order indicators and prior order indicators each comprise a textual representation of an available quantity of the tradeable object.

11. The method of claim 9, wherein the current order indicators and prior order indicators each comprise a graphical representation of an available quantity of the tradeable object.

12. The method of claim 11, where the graphical representation comprises a line graph.

13. The method of claim 9, where the current order indicators and prior order indicators are color-coded to represent a time period associated with the current order indicator and prior order indicator.

14. The method of claim 9, where the current order indicators and prior order indicators are color-coded to represent a volume range.

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

receiving, at a processor of a client device, market data from an electronic exchange, the market data identifying orders available for a tradeable object at the electronic exchange, each order having a quantity at price level;

displaying, via the client device, a graphical user interface on a display device, the graphical user interface having a price axis including a plurality of price levels for the tradeable object;

dynamically displaying, via the client device, current quantity indicators in a current order region aligned with the price axis according to the market data received during a current time period, and each current quantity indicator being associated with an order available for the tradeable object during the current time period and being displayed at one of the plurality of price levels of the price axis corresponding to the price level of the order; and

dynamically displaying, via the client device, prior quantity indicators in a prior order region aligned with the price axis according to the market data received during a prior time period, where each prior quantity indicator is associated with at least one order previously available to buy or sell the tradeable object during the prior time period and is displayed at one of the plurality of price levels of the price axis corresponding to the price level of the order.

16. The method of claim 15, further comprising receiving a user command to place an order for the tradeable object, wherein the user command being received via a user input device configured to manipulate an icon on the graphical user interface, the icon being placed in response to the user command in an order entry region of the graphical user interface being aligned with the plurality of price levels.

17. The method of claim 16, where the user command establishes at least one of a plurality of order parameters according to placement of the icon in the order entry region.

18. The method of claim 17 further comprising transmitting an order for the tradeable object to the electronic exchange in response to receiving the user command.

19. The method of claim 16, where the current 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 quantity indicators for current bid orders being displayed in the current bid order region according to the market data received during the current time period and current quantity indicators for current ask orders being displayed in the current ask order region according to the market data received during the current time period.

20. The method of claim 19, where the prior order region comprises a prior bid order region aligned with the price axis and a prior ask order region aligned with the price axis, prior quantity indicators associated with prior bid orders being displayed in the prior bid order region according to the market data received during the prior time period and prior quantity indicators for prior ask orders received being displayed in the prior ask order region according to the market data received during the prior time period.

21. The method of claim 20, 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 a plurality of prior time periods, prior quantity 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 when the order associated with the prior quantity indicator was available; and

a plurality of prior ask order regions, each aligned with the price axis and being associated with one of the plurality of prior time periods, prior order 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 and when the order associated with the prior order indicator was available.

22. The method of claim 21, wherein the current quantity indicators and prior quantity indicators each comprise a textual representation of an available quantity of the tradeable object.

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

receiving market data from an electronic exchange, the market data identifying orders available for a tradeable object at the electronic exchange, each order having a quantity at a price level;

displaying a graphical user interface having a price axis including a plurality of price levels for the tradeable object;

dynamically displaying current quantity indicators in a current order region aligned with the price axis according to the market data received during a current time period, and each current quantity indicator being associated with an order available for the tradeable object during the current time period and being displayed at one of the plurality of price levels of the price axis corresponding to the price level of the order; and

dynamically displaying prior quantity indicators in a prior order region aligned with the price axis according to the market data received during a prior time period, and each prior quantity indicator being associated with an order available for the tradeable object during the prior time period and being displayed at one of the plurality of price levels of the price axis corresponding to the price level of the order.