Enhanced system and method for managing financial market information

• US 8,615,456 B2
• Filed: 03/05/2012
• Issued: 12/24/2013
• Est. Priority Date: 06/07/2004
• Status: Expired due to Fees

• Current Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Original Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Inventors: Weinstein, Bernard A
• Primary Examiner(s): TINKLER, MURIEL S
• Application Number:
  US13/411,884
• Publication Number:
  US 20120166325A1
• Time in Patent Office: 659 Days
• Field of Search: 705/34, 705/35, 705/37, 705/39, 705/76, 705/77, 705/79
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/027 involving a payment switch or gateway
• CPC Class Codes: G06Q 20/085 involving remote charge determination or related payment systems
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• 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

A system and method are provided for managing financial market information. According to certain embodiments, the system includes a computer having a memory, processor, and display. The processor is capable of generating a graphical depiction of the financial market information on the display. The graphical depiction includes a multidimensional representation of a broad range of market information for at least two financial instruments. The graphical depiction resides in a single window on the display. The financial instruments may include multiple different classes of financial instruments, such as treasuries and futures. Different instruments may be selected and information, including basis information, relevant to the selected instruments may be displayed in a second window.

Claims

1. A system, comprising:

a computer comprising;

at least one memory storing software and operable to receive and store financial market information, and at least one processor, wherein the software, when executed by the at least processor, directs the at least one processor to;

generate a graphical depiction of the financial market information on a display,

wherein the graphical depiction comprises a multidimensional representation, in at least three dimensions, of market information for at least two financial instruments, the multidimensional representation including for each financial instrument at least a first stack and a second stack, each stack representing a volume of bid orders or a volume of offer orders at a respective price, wherein the at least two financial instruments include financial instruments from at least two classes of financial instruments;

determine that a user has selected the first stack or the second stack of the first financial instrument or the second financial instrument; and

based at least in part on the determination, display a transaction window to the user, wherein the transaction window allows the user to submit at least one of a bid to purchase, an offer to sell, a request to purchase, and a request to sell the selected first financial instrument or second financial instrument.

2. The system of claim 1, wherein one of the classes of financial instruments is treasuries and another of the classes is futures.

3. The system of claim 1, wherein the at least two financial instruments may be selected by the user to be displayed as the multidimensional representation.

4. The system of claim 1, wherein an arrangement of the at least two financial instruments may be altered by the user.

5. The system of claim 1, wherein the software, when executed by the at least one processor, further directs the at least one processor to receive a selection of a first one of the at least two financial instruments, and display information associated with the first one.

6. The system of claim 5, wherein the software, when executed by the at least one processor, further directs the at least one processor to receive a selection of a second one of the at least two financial instruments, and display information associated with the second one.

7. The system of claim 6, wherein the first one is a future and the second one is a treasury, and wherein displaying information associated with the second one includes displaying basis information comparing the first one with the second one.

8. The system of claim 1, wherein the software, when executed by the at least one processor, further directs the at least one processor to display comparative information on the display.

9. The system of claim 8, wherein the comparative information comprises of basis information.

10. The system of claim 8, wherein the comparative information comprises of curve swap information.

11. The system of claim 8, wherein the comparative information comprises of trade differences information.

12. The system of claim 8, wherein the comparative information comprises of summed net change information.

13. The system of claim 1, wherein the software, when executed by the at least one processor, further directs the at least one processor to display at least one of basis information, curve swap information, trade differences information, or summed net change information on the display.

14. The system of claim 13, wherein at least two of basis information, curve swap information, trade differences information, or summed net change information are overlayed.

15. The system of claim 1, wherein the software, when executed by the at least one processor, further directs the at least one processor to:

receive a selection of a first one of the at least two financial instruments; and

responsive to the selection, display information associated with the first one separately from the graphical depiction.

16. A method, comprising:

generating by at least one processor a graphical depiction of financial market information on a display,

wherein graphical depiction comprises a multidimensional representation, in at least three dimensions, of market information for at least two financial instruments, the multidimensional representation including for each financial instrument at least a first stack and a second stack, each stack representing a volume of bid orders or a volume of offer orders at a respective price, and wherein the at least two financial instruments include financial instruments from at least two distinct classes of financial instruments;

determining by the at least one processor that a user has selected the first stack or the second stack of the first financial instrument or the second financial instrument; and

based at least in part on the determination, displaying by the at least one processor a transaction window to the user, wherein the transaction window allows the user to submit at least one of a bid to purchase, an offer to sell, a request to purchase, and a request to sell the selected first financial instrument or second financial instrument.

17. The system of claim 16, wherein one of the classes of financial instruments is treasuries and another of the classes is futures.

18. A non-transitory medium having stored thereon software that when executed by at least one processor directs the at least one processor to:

generate a graphical depiction of financial market information on a display;

wherein the graphical depiction comprises a multidimensional representation, in at least three dimensions, of market information for at least two financial instruments, the multidimensional representation including for each financial instrument at least a first stack and a second stack, each stack representing a volume of bid orders or a volume of offer orders at a respective price,

wherein the at least two financial instruments include financial instruments from at least two classes of financial instruments;

determine that a user has selected the first stack or the second stack of the first financial instrument or the second financial instrument; and

based at least in part on the determination, display a transaction window to the user, wherein the transaction window allows the user to submit at least one of a bid to purchase, an offer to sell, a request to purchase, and a request to sell the selected first financial instrument or second financial instrument.

19. The non-transitory medium of claim 18, wherein one of the classes of financial instruments is treasuries and another of the classes is futures.

20. The non-transitory medium of claim 18, wherein the at least two financial instruments may be selected by the user to be displayed as the multidimensional representation.

21. The non-transitory medium of claim 18, wherein an arrangement of the at least two financial instruments may be altered by the user.

22. The non-transitory medium of claim 18, wherein the software, when executed by the at least one processor, further directs the at least one processor to receive a selection a first one of the at least two financial instruments, and display information associated with the first one.

23. The non-transitory medium of claim 22, wherein the software, when executed by the at least one processor, further directs the at least one processor to receive a selection a second one of the at least two financial instruments, and display information associated with the second one.

24. The non-transitory medium of claim 23, wherein the first one is a future and the second one is a treasury, and wherein displaying information associated with the second one includes displaying basis information comparing the first one with the second one.

25. The non-transitory medium of claim 18, wherein the software, when executed by the at least one processor, further directs the at least one processor to display comparative information on the display.

26. The non-transitory medium of claim 25, wherein the comparative information comprises of basis information.

27. The non-transitory medium of claim 25, wherein the comparative information comprises of curve swap information.

28. The non-transitory medium of claim 25, wherein the comparative information comprises of trade differences information.

29. The non-transitory medium of claim 25, wherein the comparative information comprises of summed net change information.

30. The non-transitory medium of claim 18, wherein the software, when executed by the at least one processor, further directs the at least one processor to display at least one of basis information, curve swap information, trade differences information, or summed net change information on the display.

31. The non-transitory medium of claim 30, wherein at least two of basis information, curve swap information, trade differences information, or summed net change information are overlayed.

32. The non-transitory medium of claim 18, wherein the software, when executed by the at least one processor, further directs the at least one processor to receive a selection of a first one of the at least two financial instruments;

and

responsive to the selection, display information associated with the first one separately from the graphical depiction.