Repositioning of market information on trading screens

• US 8,275,696 B2
• Filed: 03/09/2011
• Issued: 09/25/2012
• Est. Priority Date: 06/30/2003
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Buck, Brian J.
• Primary Examiner(s): Patel, Jagdish
• Assistant Examiner(s): POE, KEVIN T
• Application Number:
  US13/044,117
• Publication Number:
  US 20110161223A1
• Time in Patent Office: 566 Days
• Field of Search: 705/37, 705/35
• US Class Current: 705/37
• CPC Class Codes: G06F 3/0482 Interaction with lists of selectable items, e.g. menus
• CPC Class Codes: G06F 3/04842 Selection of displayed objects or displayed text elements G06F3/0482 takes precedence
• 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
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

As market conditions descend or ascend an axis of prices, the display of market information is repositioned, at a pre-determined rate if desired, around an item of interest. An item of interest may include the best bid price, the best ask price, the inside market, a moving average, a last traded price, a theoretical value, the result of an equation, or some other item of interest to the trader. According to the present embodiments, market information may be displayed in a region relative to an axis of prices, and when an event occurs, a repositioning signal is initialized causing the axis to be repositioned such that the item of interest is positioned at a pre-determined location in the region. The price axis can be repositioned at a fixed rate or at a dynamically variable rate.

Claims

1. A computer readable medium having instructions stored therein, which when executed by a processor cause the processor to carry out acts comprising:

displaying a display region having a plurality of axially aligned price levels, where an item of interest is displayed along the plurality of axially aligned price levels according to a value of the item of interest;

initiating repositioning of the plurality of axially aligned price levels in response to detecting a first change in the value of the item of interest;

detecting a second change in the value of the item of interest subsequent to the first change in value of the item of interest and subsequent to initiating repositioning of the plurality of axially aligned price levels; and

repositioning the plurality of axially aligned price levels based on the second change, where subsequent to repositioning the plurality of axially aligned price levels, the item of interest is displayed relative to a designated location in the display region.

2. The computer readable medium of claim 1 where the item of interest represents any of:

a best bid price, a best ask price, a moving average of the inside market, a last traded price, and combinations thereof.

3. The computer readable medium of claim 1, where the acts further comprise the act of determining the value of the item of interest according to an equation.

4. The computer readable medium of claim 1 where the item of interest comprises a user defined indicator.

5. The computer readable medium of claim 1 where repositioning the plurality of axially aligned price levels based on the second change comprises centering the item of interest relative to the display region.

6. The computer readable medium of claim 1 where the designated location is off-centered relative to the display region.

7. The computer readable medium of claim 1 where the acts further comprise the act of repositioning the plurality of price levels at a predetermined rate.

8. The computer readable medium of claim 7 where the predetermined rate comprises speeds between substantially 50 pixels per second and substantially 200 pixels per second.

9. The computer readable medium of claim 7 where the predetermined rate comprises any of a fixed rate and a variable rate.

10. The computer readable medium of claim 9 where the variable rate changes based on any of the item of interest being repositioned, a location of the item of interest, and combinations thereof.

11. The computer readable medium of claim 1, where the acts further comprise displaying an order entry region comprising a plurality of order entry locations, where each order entry location of the plurality of order entry location corresponds to at least one of the plurality of axially aligned price levels.

12. The computer readable medium of claim 11 where the acts further comprise:

receiving a user command via at least one order entry location; and

initiating placement of a trade order responsive to receiving the user command, where the trade order comprises an order price determined according to a price level corresponding to the at least one order entry location.

13. The computer readable medium of claim 12 where the user command comprises selecting the at least one order entry location via a single action of a user input device.

14. The computer readable medium of claim 13 where the single action includes any of a single click of the user input device and a double click of the user input device.

15. The computer readable medium of claim 12 where the acts further comprise setting a plurality of order parameters in response to receiving the user command.

16. A method for repositioning market information comprising:

displaying, via a computer device, a display region having a plurality of axially aligned price levels, where an item of interest is displayed along the plurality of axially aligned price levels according to a value of the item of item of interest;

initiating, via the computer device, repositioning of the plurality of axially aligned price levels in response to detecting a first change in the value of the item of interest;

detecting, via the computer device, a second change in the value of the item of interest subsequent to the first change in value of the item of interest and subsequent to initiating repositioning of the plurality of axially aligned price levels; and

repositioning, via the computer device, the plurality of axially aligned price levels based on the second change, where subsequent to repositioning the plurality of axially aligned price levels, the item of interest is displayed relative to a designated location in the display region.

17. The method of claim 16 where the item of interest represents any of:

a best bid price, a best ask price, a moving average of the inside market, a last traded price, and combinations thereof.

18. The method of claim 16 where repositioning the plurality of axially aligned price levels based on the second change comprises centering the item of interest relative to the display region.

19. The method of claim 16 further comprising repositioning the plurality of price levels at a predetermined rate.

20. The method of claim 19 where the predetermined rate comprises any of a fixed rate and a variable rate.

21. The method of claim 20 where the variable rate changes based on any of the item of interest being repositioned, a location of the item of interest, and combinations thereof.

22. The method of claim 16, further comprising:

displaying an order entry region comprising a plurality of order entry locations, where each order entry location of the plurality of order entry location corresponds to at least one of the plurality of axially aligned price levels;

receiving a user command via at least one order entry location; and

initiating placement of a trade order responsive to receiving the user command, where the trade order comprises an order price determined according to a price level corresponding to the at least one order entry location.

23. The method of claim 22 where the user command comprises any of selecting the at least one order entry location via a single action of a user input device, a single click of the user input device, a double click of the user input device, and combinations thereof.