User interface for an electronic trading system
First Claim
1. A method for facilitating the placement of an order for an item and displaying market information regarding the item, the method comprising:
- receiving market data from an electronic trading exchange via a computing device, the market data identifying at least an inside market including a bid quantity available at a highest bid price for an item and an ask quantity available at a lowest ask price for the item;
displaying a display region having a plurality of locations via an output associated with the computing device, each of the plurality of locations associated with a value level along a value axis having a lowest value level and a highest value level;
displaying a first indicator at a first location of the plurality of locations, the first location associated with a first value level corresponding to any of the highest bid price and the lowest ask price;
receiving at least one user command via an input device associated with the computing device to move an order indicator to a location along the value axis corresponding to a desired price; and
initiating, via the computing device, submission of an order to the electronic trading exchange for an order quantity at the desired price.
3 Assignments
0 Petitions
Accused Products
Abstract
A user interface for an electronic trading exchange is provided which allows a remote trader to view in real time bid orders, offer orders, and trades for an item, and optionally one or more sources of contextual data. Individual traders place orders on remote client terminals, and this information is routed to a transaction server. The transaction server receives order information from the remote terminals, matches a bid for an item to an offer for an item responsive to the bid corresponding with the offer, and communicates outstanding bid and offer information, and additional information (such as trades and contextual data) back to the client terminals. Each client terminal displays all of the outstanding bids and offers for an item, allowing the trader to view trends in orders for an item. A priority view is provided in which orders are displayed as tokens at locations corresponding to the values of the orders. The size of the tokens reflects the quantity of the orders. An alternate view positions order icons at a location which reflects the value and quantity of the order. Additionally, contextual data for the item is also displayed to allow the trader to consider as much information as possible while making transaction decisions. A pit panel view is also provided in which traders connected to the pit are represented by icons, and are displayed corresponding to an activity level of the trader.
149 Citations
40 Claims
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1. A method for facilitating the placement of an order for an item and displaying market information regarding the item, the method comprising:
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receiving market data from an electronic trading exchange via a computing device, the market data identifying at least an inside market including a bid quantity available at a highest bid price for an item and an ask quantity available at a lowest ask price for the item; displaying a display region having a plurality of locations via an output associated with the computing device, each of the plurality of locations associated with a value level along a value axis having a lowest value level and a highest value level; displaying a first indicator at a first location of the plurality of locations, the first location associated with a first value level corresponding to any of the highest bid price and the lowest ask price; receiving at least one user command via an input device associated with the computing device to move an order indicator to a location along the value axis corresponding to a desired price; and initiating, via the computing device, submission of an order to the electronic trading exchange for an order quantity at the desired price. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35)
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12. A non-transitory computer readable medium having computer executable instructions stored thereon, which when executed, cause a computer to execute acts comprising:
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receiving market data from an electronic trading exchange, the market data identifying at least an inside market including a bid quantity available at a highest bid price for an item and an ask quantity available at a lowest ask price for the item; displaying a display region having a plurality of locations, each of the plurality of locations associated with a value level along a value axis having a lowest value level and a highest value level; displaying a first indicator at a first location of the plurality of locations, the first location associated with a first value level corresponding to any of the highest bid price and the lowest ask price; receiving at least one user command to move an order indicator to a location along the value axis corresponding to a desired price; and initiating submission of an order to the electronic trading exchange for an order quantity at the desired price. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 36, 37, 38, 39)
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20. A non-transitory computer readable medium having computer executable instructions stored thereon, which when executed, cause a computer to execute acts comprising:
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receiving market data from an electronic trading exchange, the market data identifying an inside market including a highest bid price for an item and a lowest ask price for the item; displaying a display region having a plurality of locations along a value axis, each of the plurality of locations corresponding to a value level; displaying an a first indicator relative to one of the plurality of locations corresponding to any of;
the highest bid price and the lowest ask price;identifying a desired price for an order according to moving an order indicator to one of the plurality of locations corresponding to the desired price; and initiating submission of the order to the electronic exchange, where the order is for a quantity associated with the order indicator at the desired price. - View Dependent Claims (21, 22, 23, 40)
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Specification