Systems and methods for providing a trading interface with advanced features

• US 9,721,297 B2
• Filed: 09/16/2005
• Issued: 08/01/2017
• Est. Priority Date: 05/14/2001
• Status: Active Grant

• Current Assignee: BGC Partners Incorporated (BGC Group, Inc.)
• Original Assignee: BGC Partners Incorporated (BGC Group, Inc.)
• Inventors: Gilbert, Andrew C., Kirwin, Glenn D., Lutnick, Howard W.
• Primary Examiner(s): Akintola, Olabode
• Application Number:
  US11/228,604
• Publication Number:
  US 20060080225A1
• Time in Patent Office: 4,337 Days
• Field of Search: None
• CPC Class Codes: G06Q 30/0633 Lists, e.g. purchase orders, compilation or processing
• 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

Abstract

Systems and methods for a trading interface with advanced features are provided. Using these systems and methods, a user may create orders, manipulate orders, cancel orders, configure alternative keyboard settings, and/or obtain additional information on transactions. When a user clicks on a bid and/or offer, a dialog box may pop-up, thereby providing the user with multiple options. To enable customization of the keyboard settings to a user'"'"'s preference, a keyboard settings feature is provided. Users may also be provided with additional information relating to the user'"'"'s wish to transact.

Claims

1. A method of communication in an electronic trading system over a communication network with interfaces of computing devices, the method comprising:

detecting over a communication network in an electronic trading system a submission of a bid from a trading interface of a first computing device, wherein the submission comprises a price and a size;

detecting over a communication network in an electronic trading system a submission of an offer from a trading interface of a second computing device, wherein the submission comprises a price and a size;

displaying a green arrow on a display interface of a computing device when the size of the bid from the first computing device is greater than the size of the offer from the second computing device, wherein the green arrow comprises a down arrow when the transaction price is equivalent to a price of the bid, and wherein the green arrow comprises an up arrow when the transaction price is equivalent to a price of the offer;

displaying a red arrow on a display interface of a computing device when the size of the offer from the second computing device is greater than the size of the bid from the first computing device, wherein the red arrow comprises a down arrow when the transaction price is equivalent to a price of the bid, and wherein the red arrow comprises an up arrow when the transaction price is equivalent to a price of the offer;

displaying a yellow arrow on a display interface of a computing device when at least one bid and offer is not detected, wherein the yellow arrow comprises an up arrow when at least one bid has not been detected, and wherein the yellow arrow comprises a down arrow when at least one offer has not been detected;

displaying on a display interface a screen that includes a selectable assign button for assigning functions to one or more keys of a keyboard; and

responsive to selecting the assign button, displaying to the display interface a screen for assigning functions to keys, wherein the display screen for assigning functions to keys includes;

a key menu that includes a list of selectable keys that correspond to respective keys of the keyboard,

a function menu that includes a list of selectable functions, the list of selectable functions including bid, offer, buy, and sell, and

a save button.

2. The method of claim 1, further comprising:

receiving an indication of a selection from the list of selectable keys of the key menu a first one of the keys;

receiving an indication of a selection from the list of selectable functions of the functions menu a first one of the functions;

receiving an indication of a selection of the save button; and

based at least in part on receiving the indication of a selection of the save button, configuring the key of the keyboard corresponding to the first key to perform the first function.

3. The method of claim 2, further comprising:

receiving an indication of a selection from the list of selectable keys of the key menu a second one of the keys;

receiving an indication of a selection from the list of selectable functions of the functions menu a second one of the function, in which the second key differs from the first key and the second function differs from the first function;

receiving an indication of a selection of the save button; and

based at least in part on receiving the indication of selection of the save button, configuring the key of the keyboard corresponding to the second key to perform the second function.

4. The method of claim 3, further comprising:

receiving an indication of a selection via the keyboard a key, the selected key being one of (i) the key corresponding to the first key and (ii) the key corresponding to the second key; and

based at least in part on receiving the indication of the selection via the keyboard a key, communicating via the communication network a trade command associated with one of the bid and the offer, the trade command corresponding to the function associated with the selected key of the keyboard.

5. The method of claim 4, further comprising:

displaying to the display interface a screen for assigning functions to keys an indication that the key of the keyboard corresponding first key is configured to perform the first function and that the key of the keyboard corresponding second key is configured to perform the second function.

6. A system for communication in an electronic trading system over a communication network with interfaces of computing devices, the system comprising:

an electronic trading system configured to;

detect over a communication network in an electronic trading system a submission of a bid from a trading interface of a computing device of a first computing device, wherein the submission comprises a price and a size;

detect over a communication network in an electronic trading system a submission of an offer from a trading interface of a computing device of a second computing device, wherein the submission comprises a price and a size;

display a green arrow on a display interface of a computing device when the size of the bid from the first computing device is greater than the size of the offer from the second computing device, wherein the green arrow comprises a down arrow when the transaction price is equivalent to a price of the bid, and wherein the green arrow comprises an up arrow when the transaction price is equivalent to a price of the offer;

display a red arrow on a display interface of a computing device when the size of the offer from the second computing device is greater than the size of the bid from the first computing device, wherein the red arrow comprises a down arrow when the transaction price is equivalent to a price of the bid, and wherein the red arrow comprises an up arrow when the transaction price is equivalent to a price of the offer;

display a yellow arrow on a display interface of a computing device when at least one bid and offer is not detected, wherein the yellow arrow comprises an up arrow when at least one bid has not been detected, and wherein the yellow arrow comprises a down arrow when at least one offer has not been detected;

displaying on a display interface a screen that includes a selectable assign button for assigning functions to one or more keys of a keyboard; and

responsive to selecting the assign button, displaying to the display interface a screen for assigning functions to keys, wherein the display screen for assigning functions to keys includes;

a key menu that includes a list of selectable keys that correspond to respective keys of the keyboard,

a function menu that includes a list of selectable functions, the list of selectable functions including bid, offer, buy, and sell, and

a save button.

7. The system of claim 6, further comprising:

receive an indication of a selection from the list of selectable keys of the key menu a first one of the keys;

receive an indication of a selection from the list of selectable functions of the functions menu a first one of the functions;

receive an indication of a selection of the save button; and

based at least in part on receiving the indication of a selection of the save button, configure the key of the keyboard corresponding to the first key to perform the first function.

8. The system of claim 7, further comprising:

receive an indication of a selection from the list of selectable keys of the key menu a second one of the keys;

receive an indication selection from the list of selectable functions of the functions menu a second one of the function, in which the second key differs from the first key and the second function differs from the first function;

receive an indication of a selection of the save button; and

based at least in part on receiving the indication of selection of the save button, configure the key of the keyboard corresponding to the second key to perform the second function.

9. The system of claim 8, further comprising:

receive an indication of a selection via the keyboard a key, the selected key being one of (i) the key corresponding to the first key and (ii) the key corresponding to the second key; and

based at least in part on receiving the indication of the selection via the keyboard a key, communicate via the communication network a trade command associated with one of the bid and the offer, the trade command corresponding to the function associated with the selected key of the keyboard.

10. The system of claim 9, further comprising:

display to the display interface a screen for assigning functions to keys an indication that the key of the keyboard corresponding first key is configured to perform the first function and that the key of the keyboard corresponding second key is configured to perform the second function.

11. A non-transitory computer storage-medium that stores instructions which, when executed by at least one processor, direct the at least one processor to:

detect over a communication network in an electronic trading system a submission of an offer from a trading interface of a computing device of a second computing device, wherein the submission comprises a price and a size;

display a green arrow on a display interface of a computing device when the size of the bid from the first computing device is greater than the size of the offer from the second computing device, wherein the green arrow comprises a down arrow when the transaction price is equivalent to a price of the bid, and wherein the green arrow comprises an up arrow when the transaction price is equivalent to a price of the offer;

display a red arrow on a display interface of a computing device when the size of the offer from the second computing device is greater than the size of the bid from the first computing device, wherein the red arrow comprises a down arrow when the transaction price is equivalent to a price of the bid, and wherein the red arrow comprises an up arrow when the transaction price is equivalent to a price of the offer; and

display a yellow arrow on a display interface of a computing device when at least one bid and offer is not detected, wherein the yellow arrow comprises an up arrow when at least one bid has not been detected, and wherein the yellow arrow comprises a down arrow when at least one offer has not been detected;

display on a display interface a screen that includes a selectable assign button for assign functions to one or more keys of a keyboard; and

responsive to selecting the assign button, display to the display interface a screen for assigning functions to keys, wherein the display screen for assigning functions to keys includes;

a key menu that includes a list of selectable keys that correspond to respective keys of the keyboard,

a function menu that includes a list of selectable functions, the list of selectable functions including bid, offer, buy, and sell, and

a save button.

12. The non-transitory computer storage-medium of claim 11, wherein the instructions, when executed by at least one processor, further direct the at least one processor to:

receive an indication of a selection from the list of selectable keys of the key menu a first one of the keys;

receive an indication of a selection from the list of selectable functions of the functions menu a first one of the functions;

receive an indication of a selection of the save button; and

based at least in part on receiving the indication of a selection of the save button, configure the key of the keyboard corresponding to the first key to perform the first function.

13. The non-transitory computer storage-medium of claim 12, wherein the instructions, when executed by at least one processor, further direct the at least one processor to:

receive an indication of a selection from the list of selectable keys of the key menu a second one of the keys;

receive an indication selection from the list of selectable functions of the functions menu a second one of the function, in which the second key differs from the first key and the second function differs from the first function;

receive an indication of a selection of the save button; and

based at least in part on receiving the indication of selection of the save button, configure the key of the keyboard corresponding to the second key to perform the second function.

14. The non-transitory computer storage-medium of claim 13, wherein the instructions, when executed by at least one processor, further direct the at least one processor to:

receive an indication of a selection via the keyboard a key, the selected key being one of (i) the key corresponding to the first key and (ii) the key corresponding to the second key; and

based at least in part on receiving the indication of the selection via the keyboard a key, communicate via the communication network a trade command associated with one of the bid and the offer, the trade command corresponding to the function associated with the selected key of the keyboard.

15. The non-transitory computer storage-medium of claim 14, wherein the instructions, when executed by at least one processor, further direct the at least one processor to:

display to the display interface a screen for assigning functions to keys an indication that the key of the keyboard corresponding first key is configured to perform the first function and that the key of the keyboard corresponding second key is configured to perform the second function.