System and method for trading and displaying market information in an electronic trading environment
First Claim
Patent Images
1. A trading display and order placement apparatus comprising:
- a processing device configured to execute code including instructions to display a graphical user interface having;
a region comprising a plurality of locations, each location corresponding to a price level along a price axis having a curvilinear shape, the region for dynamically displaying a first indicator in a first location of the plurality of locations and a second indicator in a second location of the plurality of locations, the first indicator representing quantity associated with at least one order to buy a tradeable object at a highest bid price and the second indicator representing quantity associated with at least one order to sell the tradeable object at a lowest ask price, where in response to receiving a new highest bid price, the first indicator is moved to a new location of the plurality of locations corresponding to the new highest bid price and in response to receiving a new lowest ask price, the second indicator is moved to a new location of the plurality of locations that corresponds to the new lowest ask price, andan order entry region comprising a plurality of locations for receiving commands to send trade orders, each location corresponding to a price level along the price axis;
a user input interface communicatively coupled with the processing device and configured to receive a command selecting one of the plurality of locations of the order entry region corresponding to a desired price level in response to a single action of the user input device, the single action of the user input device setting a plurality of parameters and a default quantity for a trade order, each parameter of the plurality of parameters being one or more user-defined features for order submission; and
an order router communicatively coupled with the processing device and configured to send the trade order to an electronic exchange at the desired price level in response to the command.
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Abstract
A system and method for trading and displaying market information along a static axis are described to ensure fast and accurate execution of trades. The static axis, whether is a straight axis or a curved one, can be oriented in any direction. Regardless of how the axis is oriented, a first region may display price levels that are arranged along the static axis. A second region, which overlaps the first region, may display one or more indicators for highlighting one of the price levels associated with the lowest offer and one of the price levels associated with the highest bid. Moreover, a third region, which overlaps the first region, may be included for initiating placement of an order to buy or an order to sell the tradeable object through an action of a user input device. Other overlapping regions may also be displayed so that additional market information may be viewed by a trader.
144 Citations
30 Claims
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1. A trading display and order placement apparatus comprising:
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a processing device configured to execute code including instructions to display a graphical user interface having; a region comprising a plurality of locations, each location corresponding to a price level along a price axis having a curvilinear shape, the region for dynamically displaying a first indicator in a first location of the plurality of locations and a second indicator in a second location of the plurality of locations, the first indicator representing quantity associated with at least one order to buy a tradeable object at a highest bid price and the second indicator representing quantity associated with at least one order to sell the tradeable object at a lowest ask price, where in response to receiving a new highest bid price, the first indicator is moved to a new location of the plurality of locations corresponding to the new highest bid price and in response to receiving a new lowest ask price, the second indicator is moved to a new location of the plurality of locations that corresponds to the new lowest ask price, and an order entry region comprising a plurality of locations for receiving commands to send trade orders, each location corresponding to a price level along the price axis; a user input interface communicatively coupled with the processing device and configured to receive a command selecting one of the plurality of locations of the order entry region corresponding to a desired price level in response to a single action of the user input device, the single action of the user input device setting a plurality of parameters and a default quantity for a trade order, each parameter of the plurality of parameters being one or more user-defined features for order submission; and an order router communicatively coupled with the processing device and configured to send the trade order to an electronic exchange at the desired price level in response to the command. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30)
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Specification
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Current AssigneeTrading Technologies, Inc. (Trading Technologies International, Inc.), Trading Technologies International, Inc.
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Original AssigneeTrading Technologies International, Inc.
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InventorsBrumfield, Harris C., Borsand, Steven F., Triplett, Mark W.
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Primary Examiner(s)Weisberger, Richard C
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Application NumberUS11/417,876Publication NumberTime in Patent Office2,568 DaysField of Search705 35- 45US Class Current705/36.RCPC Class CodesG06Q 40/00 Finance; Insurance; Tax str...G06Q 40/04 Trading; Exchange, e.g. sto...
