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Method for scheduling future orders on an electronic commodity trading system

  • US 8,577,781 B2
  • Filed: 12/02/2009
  • Issued: 11/05/2013
  • Est. Priority Date: 01/17/2007
  • Status: Active Grant
First Claim
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1. A method for placing a trade order for a commodity on an electronic exchange to be automatically executed at a future time, said method comprising the steps of:

  • displaying a trading screen for a commodity market, said trading screen including;

    a future time schedule, wherein the time schedule includes a plurality of future time segments; and

    ,an order entry region corresponding to each future time segment of the future time schedule, the order entry region horizontally aligned with each future time segment, the future time segments automatically scrolling as time passes, wherein automatically scrolling further includes;

    determining that a time increment has elapsed,shifting future time segments, and,maintaining horizontal alignment between the order entry region and each future time segment;

    scheduling an order corresponding to a particular future time segment by locating a pointer of a user device within an order entry region corresponding to the particular future time segment and sending an input signal via the pointer; and

    ,automatically initiating execution of the order with a commodity exchange based on a current time matching a time of the scheduled order associated with the particular future time segment, and updating the order entry region associated with the particular future time segment.

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