Method and system for quantity entry

• US 8,458,078 B1
• Filed: 04/29/2010
• Issued: 06/04/2013
• Est. Priority Date: 10/31/2002
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Burns, Michael J.
• Primary Examiner(s): Lemieux, Jessica
• Application Number:
  US12/770,655
• Time in Patent Office: 1,132 Days
• Field of Search: 705/37
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A trading screen may include a plurality of next trade quantity regions that comprise a plurality of locations, each location being associated a price on a price axis. The quantities can be entered into the various locations in the next trade quantity regions and the entered quantities can be used as a parameter of a future trade order at the associated price level. The trading screen may also include a plurality of quantity entry regions that are displayed with respect to the price axis. The quantity entry columns may each include plurality of sub-regions or locations corresponding to different price levels in the price axis. The quantity entry columns may be used to specify next traded quantities that may be used in placing orders for tradeable objects.

Claims

1. A method for displaying market information and sending trade orders related to a tradeable object being traded at an electronic exchange, comprising:

displaying, by a computer device, a display region comprising a plurality of locations for displaying market information related to the tradeable object, wherein each location of the plurality of locations in the display region corresponds to the tradeable object, and wherein each location of the plurality of locations in the display region corresponds to a price level along a price axis;

displaying, by the computer device, an order entry region aligned with the price axis, the order entry region comprising a plurality of locations, wherein a first location of the plurality of locations in the order entry region corresponds to a first predefined order quantity and a first price along the price axis, and wherein a second location of the plurality of locations in the order entry region corresponds to a second predefined order quantity and a second price along the price axis;

setting the first price and the first predefined order quantity for a first order, and sending the first order to the electronic exchange in response to receiving, by the computing device, commands based on user actions consisting of;

(1) placing a cursor associated with a user input device over the first location, and (2) selecting the first location through a first single action of the user input device; and

setting the second price and the second predefined order quantity for a second order, and sending the second order to the electronic exchange in response to receiving, by the computing device, commands based on user actions consisting of;

(1) placing the cursor associated with the user input device over the second location, and (2) selecting the second location through a second single action of the user input device.

2. The method of claim 1, further comprising:

displaying a first indicator representing the first predefined order quantity at the first location in the order entry region; and

displaying a second indicator representing the second predefined order quantity at the second location in the order entry region.

3. The method of claim 1, wherein the order entry region further comprises a plurality of cells arranged along the price axis, wherein a first cell of the plurality of cells comprises the first location, and wherein a second cell of the plurality of cells comprises the second location.

4. The method of claim 3, wherein the first cell displays the first predefined order quantity, and wherein the second cell displays the second predefined order quantity.

5. The method of claim 4, wherein the first predefined order quantity is input via the first cell, and wherein the second predefined order quantity is input via the second cell.

6. The method of claim 1, wherein at least one of the first predefined order quantity and the second predefined order quantity is calculated based on a formula.

7. The method of claim 1, wherein the order entry region further comprises a first plurality of locations associated with the first price, wherein each of the first plurality of locations is associated with an order quantity value, and wherein the order entry region further comprises a second plurality of locations associated with the second price, wherein each of the second plurality of locations is associated with an order quantity value.

8. The method of claim 7, further comprising:

selecting at least one of the first plurality of locations by the user input device to set the first predefined order quantity, wherein the first predefined order quantity is set based on a quantity value associated with each of the at least one of the first plurality of locations selected by the user input device; and

selecting at least one of the second plurality of locations by the user input device to set the second predefined order quantity, wherein the second predefined order quantity is set based on a quantity value associated with each of the at least one of the second plurality of locations selected by the user input device.

9. The method of claim 8, wherein the first predefined order quantity and the second predefined order quantity are set based on a formula applied to quantity values selected by the user input device.

10. The method of claim 9, wherein the formula comprises a sum of the quantity values selected for each of the first predefined order quantity and the second predefined order quantity.

11. The method of claim 9, wherein the formula comprises a subtraction of the quantity values selected for each of the first predefined order quantity and the second predefined order quantity.

12. The method of claim 1, wherein the display region and the order entry region are displayed in a horizontal orientation.

13. The method of claim 1, wherein the display region and the order entry region are displayed in a vertical orientation.

14. The method of claim 1, wherein the first single action consists of a single click of the user input device.

15. The method of claim 1, wherein the second single action consists of a single click of the user input device.

16. The method of claim 1, wherein the first single action consists of a double click of the user input device.

17. The method of claim 1, wherein the second single action consists of a double click of the user input device.

18. The method of claim 1, wherein the price axis comprises a static price axis.