System and method for displaying trade information for electronic trading exchange

• US 8,744,945 B2
• Filed: 05/19/2009
• Issued: 06/03/2014
• Est. Priority Date: 05/19/2009
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Lane, Richard, Unetich, Michael
• Primary Examiner(s): Apple, Kirsten
• Assistant Examiner(s): GOODBODY, JOAN T
• Application Number:
  US12/468,610
• Publication Number:
  US 20100299280A1
• Time in Patent Office: 1,841 Days
• Field of Search: None
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• 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 for displaying trade information is disclosed. The method includes receiving from a host exchange a plurality of trade notifications, each trade notification corresponding to an executed trade, and for each executed trade of interest, determining whether the executed trade belongs in an aggregated set with one or more other executed trades. All executed trades in an aggregated set are for the same associated tradable object, have traded at the same associated trade price, and have been executed within a predetermined time period of each other. Aggregated sets are displayed a user display with an associated aggregated quantity, and the remaining executed trades of interest are also displayed. Trades are displayed using an associated indicator for indicating whether the corresponding executed trade or aggregated trade traded on the bid side or on the offer side of the market, and which indicates whether additional volume is available at the associated trade price.

Claims

1. A method including:

receiving by a computing device a plurality of trade notifications from an electronic exchange, wherein each of the plurality of trade notifications corresponds to an executed trade for a tradable object, wherein each of the plurality of trade notifications is for the same tradable object, wherein the electronic exchange sends each of the plurality of trade notifications in response to the electronic exchange matching orders resulting in the corresponding executed trade, wherein each of the plurality of trade notifications includes a trade quantity and a trade price, wherein the trade price is the same for each of the plurality of trade notifications, wherein each of the plurality of trade notifications corresponds to an executed trade on a side for the tradable object, wherein the side is the same for each of the plurality of trade notifications, wherein the side is one of a buy side and a sell side, wherein the plurality of trade notifications includes a last notification;

aggregating by the computing device the plurality of trade notifications in an aggregated set based on the trade price included in each trade notification;

providing by the computing device an aggregated trade indicator representing the aggregated set, wherein the aggregated trade indicator represents the sum of the trade quantities of the plurality of trade notifications at the trade price of the plurality of trade notifications;

determining by the computing device, in response to receiving the last notification, whether no quantity remains on the side for the tradable object at the trade price of the last notification by comparing the trade quantity of the last notification and a total quantity available on the side for the tradable object at the trade price of the last notification before receiving the last notification; and

providing by the computing device a no quantity remains indicator representing that no quantity remains on the side for the tradable object at the trade price of the last notification in response to determining that no quantity remains, wherein the no quantity remains indicator is provided by one of;

(i) as part of the aggregated trade indicator and (ii) in relation to the aggregated trade indicator.

2. The method of claim 1, wherein the computing device includes a server.

3. The method of claim 1, wherein the computing device includes a hand-held device.

4. The method of claim 1, wherein the computing device includes a display.

5. The method of claim 1, wherein providing the no quantity remains indicator includes displaying a visual indicator.

6. The method of claim 5, wherein the visual indicator includes a color.

7. The method of claim 1, further including generating an audio indicator when the no quantity remains indicator is provided.

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

receive a plurality of trade notifications from an electronic exchange, wherein each of the plurality of trade notifications corresponds to an executed trade for a tradable object, wherein each of the plurality of trade notifications is for the same tradable object, wherein the electronic exchange sends each of the plurality of trade notifications in response to the electronic exchange matches orders resulting in the corresponding executed trade, wherein each of the plurality of trade notifications includes a trade quantity and a trade price, wherein the trade price is the same for each of the plurality of trade notifications, wherein each of the plurality of trade notifications corresponds to an executed trade on a side for the tradable object, wherein the side is the same for each of the plurality of trade notifications, wherein the side is one of a buy side and a sell side, wherein the plurality of trade notifications includes a last notification;

aggregate the plurality of trade notifications in an aggregated set based on the trade price included in each trade notification;

provide an aggregated trade indicator representing the aggregated set, wherein the aggregated trade indicator represents the sum of the trade quantities of the plurality of trade notifications at the trade price of the plurality of trade notifications;

determine, in response to receiving the last notification, whether no quantity remains on the side for the tradable object at the trade price of the last notification by comparing the trade quantity of the last notification and a total quantity available on the side for the tradable object at the trade price of the last notification before receiving the last notification; and

provide a no quantity remains indicator representing that no quantity remains on the side for the tradable object at the trade price of the last notification in response to determining that no quantity remains, wherein the no quantity remains indicator is provided by one of;

(i) as part of the aggregated trade indicator and (ii) in relation to the aggregated trade indicator.

9. The computer readable medium of claim 8, wherein providing the no quantity remains indicator includes displaying a visual indicator.

10. The computer readable medium of claim 9, wherein the visual indicator includes a color.

11. The computer readable medium of claim 8, wherein the instructions are further executable to generate an audio indicator when the no quantity remains indicator is provided.