Methods and apparatuses for providing implied trading information

• US 8,417,603 B2
• Filed: 05/19/2010
• Issued: 04/09/2013
• Est. Priority Date: 05/19/2010
• Status: Expired due to Fees

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Rooney, Patrick J.
• Primary Examiner(s): Akintola, Olabode
• Application Number:
  US12/783,349
• Publication Number:
  US 20110288960A1
• Time in Patent Office: 1,056 Days
• Field of Search: 705/35
• US Class Current: 705/35
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0641 Shopping interfaces
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

Embodiments for providing implied traded information are described herein. An embodiment includes receiving last trade information and using that data to determine an amount of last trade information that is due to implied trading activity. This information may be output using a variety of screens. Other embodiments are also disclosed.

Claims

1. A method including:

displaying by a computing device a chart, wherein the chart includes a value axis and a time axis;

receiving by the computing device market data for a tradeable object;

determining by the computing device an open value for a time interval, a close value for the time interval, a high value for the time interval, and a low value for the time interval based on the received market data;

determining by the computing device a total quantity traded for the time interval based on the received market data;

determining by the computing device an implied quantity traded for the time interval based on the received market data;

determining by the computing device an implied quantity percentage based on the implied quantity traded and the total quantity traded; and

displaying by the computing device an indicator on the chart in relation to the value axis and the time axis, wherein the indicator represents the open value for the time interval, the close value for the time interval, the high value for the time interval, the low value for the time interval, and the implied quantity percentage.

2. The method of claim 1, wherein the value axis is a price axis.

3. The method of claim 1, wherein the market data is received from an electronic exchange.

4. The method of claim 1, wherein the market data is received from a gateway device.

5. The method of claim 1, wherein the time interval is a single trading session.

6. The method of claim 1, wherein the time interval is specified by a user.

7. The method of claim 1, wherein the total quantity traded and the implied quantity traded are determined based on last traded quantity and last traded price information in the market data.

8. The method of claim 7, wherein the last traded quantity and the last traded price information in the market data indicates whether a trade was an implied trade or a direct trade.

9. The method of claim 1, wherein the implied quantity percentage is determined to be the implied quantity traded divided by the total quantity traded.

10. The method of claim 1, wherein the indicator is in the shape of a candlestick indicator.

11. The method of claim 1, wherein the indicator represents the implied quantity percentage with shading of the indicator.

12. A non-transitory computer readable medium having stored therein instructions executable by a processor, wherein the instructions are executable to:

display a chart, wherein the chart includes a value axis and a time axis;

receive market data for a tradeable object;

determine an open value for a time interval, a close value for the time interval, a high value for the time interval, and a low value for the time interval based on the received market data;

determine a total quantity traded for the time interval based on the received market data;

determine an implied quantity traded for the time interval based on the received market data;

determine an implied quantity percentage based on the implied quantity traded and the total quantity traded; and

display an indicator on the chart in relation to the value axis and the time axis, wherein the indicator represents the open value for the time interval, the close value for the time interval, the high value for the time interval, the low value for the time interval, and the implied quantity percentage.

13. The computer readable medium of claim 12, wherein the value axis is a price axis.

14. The computer readable medium of claim 12, wherein the market data is received from an electronic exchange.

15. The computer readable medium of claim 12, wherein the market data is received from a gateway device.

16. The computer readable medium of claim 12, wherein the time interval is a single trading session.

17. The computer readable medium of claim 12, wherein the time interval is specified by a user.

18. The computer readable medium of claim 12, wherein the total quantity traded and the implied quantity traded are determined based on last traded quantity and last traded price information in the market data.

19. The computer readable medium of claim 18, wherein the last traded quantity and the last traded price information in the market data indicates whether a trade was an implied trade or a direct trade.

20. The computer readable medium of claim 12, wherein the implied quantity percentage is determined to be the implied quantity traded divided by the total quantity traded.

21. The computer readable medium of claim 12, wherein the indicator is in the shape of a candlestick indicator.

22. The computer readable medium of claim 12, wherein the indicator represents the implied quantity percentage with shading of the indicator.