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System and method for icon oriented representation of trading strategies

  • US 8,744,953 B2
  • Filed: 03/03/2010
  • Issued: 06/03/2014
  • Est. Priority Date: 09/22/2003
  • Status: Active Grant
First Claim
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1. A method for establishing a trading strategy for a tradeable object, comprising:

  • selecting, via a client device, a first subset of icons from an icon library having a plurality of icons, where the plurality of icons includes at least one icon being configurable to create a trading strategy including multiple orders, where each icon of the plurality of icons graphically represents a different order type available for trading at an electronic exchange and includes at least one pre-populated parameter for the type of order graphically represented by the icon, and where the first subset of icons is selected based on types of orders available at a first electronic exchange;

    receiving a first user command via the client device to select a first icon from the first subset of icons and to move the first icon to a first location of a first value axis for a first tradeable object, where the first location represents a price of a first order for the first tradeable object;

    displaying, via the client device, a first order icon associated with the first order at the first location;

    selecting, via the client device, a second subset of icons from the icon library, where the second subset of icons is selected based on types of orders available at a second electronic exchange;

    receiving a second user command via the client device to select a second icon from the second subset of icons, to move the second icon to a second location of a second value axis for a second tradeable object, and to create a trading strategy including a second order for the second tradeable object and the first order for the first tradeable object, where the second location represents a price for the second order;

    displaying, via the client device, a second order icon associated with the second order at the second location; and

    displaying a graphical indicator relative to the first order icon and the second order icon via the client device, the graphical indicator graphically representing the trading strategy including the first order and the second order.

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