Method and interface for consolidating price levels on a trading screen

• US 8,744,950 B2
• Filed: 03/26/2013
• Issued: 06/03/2014
• Est. Priority Date: 11/26/2002
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Singer, Scott
• Primary Examiner(s): Ziegle, Stephanie M
• Application Number:
  US13/850,874
• Publication Number:
  US 20130275289A1
• Time in Patent Office: 434 Days
• Field of Search: 705 35- 45
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• 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 trading screen may display price and quantity information for price levels in a static axis of prices. The static axis of prices may be divided into two or more different regions. The price and quantity information for one or more of the regions may be consolidated from price and quantity information from plurality of un-consolidated price levels.

Claims

1. A system including:

a computing device,

wherein the computing device is configured to generate a first consolidated price level, wherein the first consolidated price level represents a first range of price levels for a tradeable object, wherein the first range of price levels includes a first number of price levels;

wherein the computing device is configured to generate a first consolidated quantity indicator, wherein the first consolidated quantity indicator is based on a plurality of quantities at the price levels in the first range of price levels;

wherein the computing device is configured to generate a second consolidated price level, wherein the second consolidated price level represents a second range of price levels for the tradeable object, wherein the second range of price levels includes a second number of price levels, wherein the first number of price levels and the second number of price levels are different;

wherein the computing device is configured to generate a second consolidated quantity indicator, wherein the second consolidated quantity indicator is based on a plurality of quantities at the price levels in the second range of price levels;

wherein the computing device is configured to display the first consolidated quantity indicator in association with the first consolidated price level on a price axis for the tradeable object, wherein the first consolidated price level is displayed on the price axis in place of the first range of price levels; and

wherein the computing device is configured to display the second consolidated quantity indicator in association with the second consolidated price level on the price axis for the tradeable object, wherein the second consolidated price level is displayed on the price axis in place of the second range of price levels.

2. The system of claim 1, wherein the first number of price levels is configurable by a user, wherein the second number of price levels is configurable by the user.

3. The system of claim 1, wherein the first range of price levels includes at least one of a best bid price and a best ask price for the tradeable object.

4. The system of claim 1, wherein the first range of price levels is adjacent to the second range of price levels.

5. The system of claim 1, wherein the first range of price levels corresponds to price levels on a buy side for the tradeable object, wherein the second range of price levels corresponds to price levels on a sell side for the tradeable object.

6. The system of claim 1, wherein the first range of price levels and the second range of price levels change dynamically based on changes in at least one of a best bid price and a best ask price for the tradeable object.

7. The system of claim 1, wherein the price axis represents a static price axis.

8. The system of claim 1, wherein the price axis represents a dynamic price axis.

9. The system of claim 1, wherein the price axis represents a column of price levels.

10. The system of claim 1,

wherein the computing device is configured to generate a first unconsolidated quantity indicator, wherein the first unconsolidated quantity indicator is based on a quantity at a first unconsolidated price level;

and

wherein the computing device is configured to display the first unconsolidated quantity indicator in association with the first unconsolidated price level on the price axis for the tradeable object.

11. The system of claim 10, wherein the first unconsolidated price level is one of a best bid price and a best ask price for the tradeable object.

12. The system of claim 1,

wherein the computing device is configured to generate a first consolidated working order indicator, wherein the first consolidated working order indicator is based on a one or more working orders at the price levels in the first range of price levels;

and

wherein the computing device is configured to display the first consolidated working order indicator in association with the first consolidated price level on the price axis for the tradeable object.